Quote:
Originally Posted by Lan
China is expected to be the worlds largest economy by 2014. There are talks of China, Russia, and the Middle East using their own monetary systems exclusively in oil trade, rather than trading in the coveted 'petrodollar'. If this happens, we will experience hyper inflation and another depression.
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That may be true, but how long will that last? A decade, a decade and a half? China's problem, IMO, is their one child policy. Started to try and contain an out of control population, there are hundreds of millions of marrying age men that will have no partners, therefore no children. They killed off all the girls for the coveted son. So within the next few decades you are going to see their population dwindle, with no means to regenerate for many more decades.
Decisions have consequences.