Flashermac Posted September 30, 2010 Report Share Posted September 30, 2010 The US supremacy as the top world economy will end sooner than many people believe, so gold is a better investment than the dollar despite it hitting a new record, Tom Winnifrith, CEO at financial services firm Rivington Street Holdings, told CNBC.com Monday. The US trade deficit and debt continue to grow and the authorities are reluctant to address the problem, preferring to print money, Winnifrith said. "America is practically owned by China," he said. He reminded of the fact that in 1900, sterling was the world's reserve currency but by 1948, that was no longer the case as the British Empire collapsed. "America is doing what Britain did," Winnifrith said. "America spends much more than it can afford and it's not addressing the issue." In 1832, China and India were the world's two largest economies and by 2032, they will regain that status, he predicted. "The 200 years when Britain and the US were the top two economies were an aberration and that will change," Winnifrith said. "The decline of empires has happened much faster than folks think. I believe that gold will be a far better bet in 20 years than the dollar," he added. Link Link to comment Share on other sites More sharing options...
Nervous God Posted September 30, 2010 Report Share Posted September 30, 2010 And can some farkin mod PLEASE move this to the USA news section? Link to comment Share on other sites More sharing options...
TroyinEwa/Perv Posted September 30, 2010 Report Share Posted September 30, 2010 This board has a US news section?? Wow, I must have missed that. and yes.......I'm being a dick. Link to comment Share on other sites More sharing options...
Nervous God Posted September 30, 2010 Report Share Posted September 30, 2010 And it's getting farkin boring, it's a board about thailand it's bad enough that there is a news sections, can't you farkin yankies just keep your shit in the place it belongs? Why are there post after post in the board bar? Stick it in the news thread where it belongs, Or don't the mods want to do that? Link to comment Share on other sites More sharing options...
Flashermac Posted September 30, 2010 Author Report Share Posted September 30, 2010 Well, I beg your farking pardon, god. I thought it said at the top of this section: The board bar The place to unwind, [color:red]any topic[/color] is OK. Stupid me ... I thought that actually meant ANY TOPIC. p.s. Has Mekong deputised you or something? Link to comment Share on other sites More sharing options...
Flashermac Posted September 30, 2010 Author Report Share Posted September 30, 2010 p.p.s. Why isn't this one in the news section? [color:blue]Aussie's set a record that may make Esquire's Dubious Achievement[/color] Link to comment Share on other sites More sharing options...
Steve Posted September 30, 2010 Report Share Posted September 30, 2010 The analyst is telling me something I've long known. I wish someone would tell the American people. Its over. Sadly. Been saying it for a while. Link to comment Share on other sites More sharing options...
allistar Posted September 30, 2010 Report Share Posted September 30, 2010 I'll try to find more Aussie and British news to publish, I promise! Link to comment Share on other sites More sharing options...
Guest lazyphil Posted September 30, 2010 Report Share Posted September 30, 2010 seems a place to get wound up not unwind !!! Link to comment Share on other sites More sharing options...
cavanami Posted September 30, 2010 Report Share Posted September 30, 2010 I'll try to find more Aussie and British news to publish, I promise! Great! I would enjoy on getting a bit of education on what is going on in other countries and what the people are thinking. Link to comment Share on other sites More sharing options...
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