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Did you know that China will economically surpass the United States in the next 20 years?

Everything is made in China, except for cars, they’re made in Japan. America imports 1000% more than they export. America’s biggest exports to China are human waste and soy beans. Yeah, that’s our most valuable export to them. While America imports everything from clothes to toys to any kind of merchandise. Chinese cheap labor and communist government allow more efficient use of their resources. America is in mounting debt to countries like China and will become a third world country in the future. The European Union will have more power politically and economically than America. America produces nothing of any value to anyone except military technology but that’s it.

Well, that is the course of history. Hills become valleys, and valleys become hills. The rich become poor, and poor become rich.

European debt crisis

60 Minutes – An Imperfect Union $17.95 Airdate: 4/8/12 Ten European countries are in a recession. In order to avoid default, three have needed bailouts from the European Union and the IMF, and more might be necessary. What’s at stake? A lot, including the future of the currency, the Euro, and the health of the United States’s largest trading partner. Steve Kroft reports on the European debt crisis, including how the austerity measures …

Greece’s ‘Odious’ Debt: The Looting of the Hellenic Republic by the Euro, the Political Elite and the Investment Community (Anthem European Studies) $24.78 Jason Manolopoulos lends a unique perspective, based on experience of the global financial system, emerging markets and crises, European politics and Greek society, to demonstrate how one of the EU’s smaller countries played a catalytic role in a crisis that threatens the future of the euro, and possibly even of the European Union itself. He digs beneath the headline economic data to explore the h…

Bust: Greece, the Euro and the Sovereign Debt Crisis (Bloomberg (UK)) $15.30 In 2001, Greece saw its application for membership into the Eurozone accepted, and the country sat down to the greatest free lunch in economic history. However, the coming years of global economic prosperity would lead to unrestrained spending, cheap borrowing, and a failure to implement financial reform, leaving the country massively exposed to a financial crisis—which duly struck. In Bu…

The Imminent Crisis: Greek Debt and the Collapse of the European Monetary Union $9.95 The unsustainable debt levels of Greece are fast developing into a full-blown crisis. Even more strikingly, they have exposed merely the tip of the iceberg in the specter that now hangs over Europe. Inspired by his economics work at Harvard, Wonders brilliantly documents why the socio-economic realities are fast guiding the inexorable collapse of the Euro….