The US is Weaker than China

See article: http://www.nytimes.com/2006/05/11/washington/11china.html?th&emc=th

U.S. Won't Press China Over Yuan

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By STEVEN R. WEISMAN
Published: May 11, 2006

WASHINGTON, May 10 — The Bush administration said on Wednesday that although it was "extremely dissatisfied" with China's refusal to allow its currency to fluctuate more freely, it would not cite China as a currency manipulator and provoke a confrontation over the issue.

My statement that the US is weaker than China does not flow from economics or weapons or any of that.

It flows from us being afraid to provoke a confrontation over an issue that we think is important. We've been cowtowing to China for years now, refusing to revoke Most Favored Nation trade status even though China's human rights abuses are the stuff of legends.

Why? Because China is on track to become an economic juggernaut. In fact, it already is.

India is too, but at least it's a democracy.

I just have a feeling that America is on the decline in terms of its world domination, and the new superpowers are going to be nations like China and India. Watch and see.