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Chinese Know Real Value

April 27, 2011 Comments off

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The International Monetary Fund reported without fanfare recently its projection that the candidate who wins the 2012 U.S. presidential election will be the last U.S. President to lead the world’s richest super power.

The IMF prediction is based on its calculation that within the next five years China will surpass the United States as the world’s largest economy.

The IMF forecast differs from that of most traditional forecasts, which put the date China’s economy outstrips the U.S. at least a decade or two into the future. However, those traditional forecasters are looking at value as calculated in currency—and as we at WealthCycles.com have reiterated many times, currency lies.

“In addition to comparing the two countries based on exchange rates, the IMF analysis also looked to the true, Read more…