Stunning Clip Of How Russia Is "Not" Preparing For Nuclear War

Despite all the words - and equity market rallies (confirming that it must be true) - it would appear Mr. Putin and his men have been quietly "not" preparing for all-out war (which makes us wonder, aside from the ICBMs, just what it would look like if they were actually preparing for war). Below is a clip of today's "simulated massive nuclear attack" drills conducted in Russia. It is in short, stunning.

Operation American Spring: it's on!

Dollar Collapse July 1st?

Scientists Add Letters to DNA’s Alphabet...

Scientists reported Wednesday that they had taken a significant step toward altering the fundamental alphabet of life — creating an organism with an expanded artificial genetic code in its DNA.

The accomplishment might eventually lead to organisms that can make medicines or industrial products that cells with only the natural genetic code cannot.

The scientists behind the work at the Scripps Research Institute have already formed a company to try to use the technique to develop new antibiotics, vaccines and other products, though a lot more work needs to be done before this is practical.

The work also gives some support to the concept that life can exist elsewhere in the universe using genetics different from those on Earth.

“This is the first time that you have had a living cell manage an alien genetic alphabet,” said Steven A. Benner, a researcher in the field at the Foundation for Applied Molecular Evolution in Gainesville, Fla., who was not involved in the new work.

But the research, published online by the journal Nature, is bound to raise safety concerns and questions about whether humans are playing God. The new paper could intensify calls for greater regulation of the budding field known as synthetic biology, which involves the creation of biological systems intended for specific purposes.

Floyd Romesberg, a chemist, led the work at the Scripps Research Institute in California.CreditScripps Research Institute

“The arrival of this unprecedented ‘alien’ life form could in time have far-reaching ethical, legal and regulatory implications,” Jim Thomas of the ETC Group, a Canadian advocacy organization, said in an email. “While synthetic biologists invent new ways to monkey with the fundamentals of life, governments haven’t even been able to cobble together the basics of oversight, assessment or regulation for this surging field.”

Despite the great diversity of life on Earth, all species, from simple bacteria to human beings, use the same genetic code. It consists of four chemical units in DNA, sometimes called nucleotides or bases, that are usually represented by the letters A, C, G and T. The sequence of these chemical units determines what proteins the cell makes. Those proteins in turn do most of the work in cells and are required for the structure, function and regulation of the body’s tissues and organs.

The Scripps researchers chemically created two new nucleotides, which they called X and Y. They inserted an X-Y pair into the common bacterium E. coli. The bacteria were able to reproduce normally, though a bit more slowly than usual, replicating the X and Y along with the natural nucleotides.

In effect, the bacteria have a genetic code of six letters rather than four, perhaps allowing them to make novel proteins that could function in a completely different way from those created naturally.

“If you have a language that has a certain number of letters, you want to add letters so you can write more words and tell more stories,” said Floyd E. Romesberg, a chemist at Scripps who led the work.

Dr. Romesberg dismissed concern that novel organisms would run amok and cause harm, saying the technique was safe because the synthetic nucleotides were fed to the bacteria. Should the bacteria escape into the environment or enter someone’s body, they would not be able to obtain the needed synthetic material and would either die or revert to using only natural DNA.

“This could never infect something,” he said. That is one reason the company he co-founded, Synthorx, is looking at using the technique to grow viruses or bacteria to be used as live vaccines. Once in the bloodstream, they would conceivably induce an immune response but not be able to reproduce.

One possible use of an expanded genetic alphabet is to allow cells to make new types of proteins.

Combinations of three nucleotides in DNA specify particular amino acids, which are strung together to make proteins. The cell, following those instructions, strings amino acids together to form proteins. With rare exceptions, living things use only 20 amino acids.

But there are many amino acids that could possibly be used in proteins, potentially adding new functions. Ambrx, a San Diego company that has filed to go public, is incorporating novel amino acids into certain proteins that are used as drugs in an effort to make the drugs more potent in killing tumors or make treatments last longer in the bloodstream.
Proteins with novel amino acids might also be better tracked to research how cells work, or isolated for use in diagnostic testing.

Work on artificial DNA has been underway for more than 20 years. Man-made nucleotides have functioned in test tubes and are even used in some diagnostic tests.

But until now it has not been possible to get them to function in a living cell. Dr. Romesberg said he and his colleagues created 300 variants before coming up with nucleotides that would be stable enough and would be replicated as easily as the natural ones when the cells divide. The X nucleotide pairs with Y, just as A pairs with T and C pairs with G, allowing the DNA to be accurately replicated.

The bacteria described in the Nature article each contained only a single X-Y pair. It is not yet known whether a cell would function if it contained many such pairs. It is also not clear how long the bacteria would survive and retain the foreign code. The article mentions growing them for only about 24 replications over 15 hours.

Most important, the researchers have not yet demonstrated that the artificial nucleotides can actually be used by the cell to make proteins. That will require more genetic engineering of the bacteria, though work by others has suggested how it might be done.

Dr. Benner in Florida is trying to engineer cells genetically so they can make their own nonnatural nucleotides. That would allow the cells to survive on their own and be more useful, he said.

But Dr. Romesberg and colleagues took a shortcut of sorts. Chloroplasts in plants have the ability to import nucleotides from the surrounding tissue, and other researchers have figured out what genes are responsible for this. The Scripps researchers spliced an algae gene into E. coli, giving the bacteria the ability to take up the X and Y nucleotides from the medium in which they grew.

“It took some clever problem-solving to get where they got,” said Eric T. Kool, a professor of chemistry at Stanford who is also doing research in the area. “It is clear that the day is coming that we’ll have stably replicating unnatural genetic structures.”

Besides any possible practical applications, the research into the field, which is sometimes called xenobiology, could shed light on why living things evolved to have four nucleotides. It could be that four is the most efficient number, in which case organisms with expanded genetic codes might not function very well.

Credit to NYTimes

China Calls Iran A "Strategic Partner"

 

Submitted by Zachary Zeck via The Diplomat,

On Monday China and Iran agreed to deepen defense ties, according to Chinese state media. The announcement was made following a meeting between Chinese Defense Minister Chang Wanquan and his Iranian counterpart, Hossein Dehqan.

According to Reuters, which quoted a report in Xinhua News Agency, China said that bilateral relations “remained positive and steady, featuring frequent high-level exchanges and deepened political mutual trust.” Reuters also quoted Chang as saying that he is personally “confident that the friendly relations between the two countries as well as the armed forces will be reinforced” as a result of “increased mutual visits and personnel training cooperation between the armed forces.”

According to an Iranian news report, Chang also said that China views Iran as a strategic partner. “Given Iran and China’s common views over many important political-security, regional and international issues, Beijing assumes Tehran as its strategic partner,” Chang was quoted as saying by Fars News Agency, which is viewed as having close ties with Iran’s Revolutionary Guards Corps.

For his part, Dehqan said, “The age-old and historical relations between the two countries which date back to over 2,000 years ago are full of instances of cooperation in cultural, economic, industrial and technological arenas.” He also “voiced the hope that the two countries will continue to play a positive role in safeguarding regional peace and stability,” presumably referring to the Middle East and Central and South Asia.

More specifically, Dehqan was quoted by Fars as saying: “We can remove the two sides’ common security concerns over extremism, terrorism, drug trafficking and piracy by developing military cooperation.”

The meeting took place in Beijing. Dehqan arrived in Beijing on Sunday for a four-day official visit to China at the invitation of Chang. It is his first visit to China since becoming Iran’s defense minister.

In some ways, the announcement today represents something of a shift — and possible weakening — of the defense ties between China and Iran. Since the 1979 revolution severed Tehran’s ties to the U.S. and the Western world, Iran’s defense relationship with China has primarily centered on Beijing selling Tehran advanced defense technologies. As Dan Blumenthal noted in 2005, “Since the mid-1980s, China has sold Iran, in whole or in parts, different variants of anti-ship cruise missiles such as the Silkworm (HY-2), the C-801, and the C-802.” Blumenthal also noted, citing a Jane’s report, that “China is producing several classes of tactical guided missiles – the JJ/TL-6b and 10A, the KJ/TL-10B and a new variant of the C-107 anti-ship missile, specifically for Iran.”

China is also believed to have been integral to Iran’s development of ballistic missiles. Beijing’s assistance was especially crucial in helping Iran with precision guidance and solid-fueled rocket propulsion.

Although in recent years — particularly since the late 1990s — the Chinese government is believed to have scaled back its defense sales to Iran, private Chinese companies have continued assisting the Persian Gulf country. As recently as 2012, the U.S. Director of National Intelligence told Congress, “Chinese entities — primarily private companies and individuals — continue to supply a variety of missile-related items to multiple customers, including recent exports to Iran and Pakistan.” Indeed, the U.S. has repeatedly sanctioned Chinese companies and individuals for selling Iran defense technologies, including just last week.

Chang and Dehqan’s focus on personnel visits in their remarks might simply be a desire on both sides part to publicly downplay arms sales and defense technology transfers. At the same time, it could be a reflection that Iran’s increasingly capable domestic defense industry no longer requires substantial Chinese assistance. In the same vein, Iran is increasingly wary of China’s long-term intentions in its surrounding areas.

Still, Sino-Iranian relations have generally improved since the P5+1 countries and Iran signed an interim agreement last November. China’soil imports from Iran during the first quarter of this year were up 36 percent from 2013. In a sign of future economic cooperation, last month Zhang Gaoli, a Politburo Standing Committee member and vice premier,met with Iranian Minister of Finance and Economic Affairs Ali Tayyeb-Nia. Tayyeb-Nia was visiting China in a bid to boost economies ties in various areas. He also met with China’s Finance Minister, Lou Jiwei, during the trip.

China is already Iran’s largest trading partner and oil customer. Iran is China’s third largest oil provider.

Credit to Zero Hedge

World War III Has Already Been Lost and the Chinese Are In the Process of Occupying Amerika (Part Two)

  In order to keep its head about water for just one more day, the Federal Reserve has now permitted Chinese-controlled banks to take stakes in US banks. This is a nefarious invasion of the U.S. economy. Subsequently, we have witnessed a major shift in the percentage of the U.S. debt owned by Chinese vs. the Federal Reserve. This is the beginning of the end for the dollar, the U.S. economy, your standard of living, your assets, your freedoms and for many of you, your very lives.

China Owns the Federal Reserve and Here’s How It Happened

At the end of January 2009, the month President Barack Obama was first inaugurated, Communist China owned $744.2 billion in U.S. government debt and the Fed owned $475.129 billion. In May of 2012, theFederal Reserve has approved applications by three big Chinese government-controlled banks to set up branches and take stakes in US banks after deciding they were adequately regulated in their home market.

The Chinese ownership of U.S. debt, compared to the Federal Reserve, appears to be unchanged in 2014. However, the Chinese are slowly but surely acquiring the Federal Reserve and thus, are acquiring a greater amount of U.S. government debt. Therefore, much of the debt owned by the Federal Reserve, is now owned by the Chinese and their new partners consisting of two large Spanish banks, a German bank and the Chinese. The complete Chinese takeover of our economy is silent but undeniably insidious. It would be appropriate to think of this development as the United States government doing a debt consolidation of all its treasury bonds because it can no longer pay or service the debt and the Chinese and their partners are acquiring the assets of America for pennies on the dollar. It will soon be announced that China is in the process of purchasing major Western banks (e.g. Bank of America, Wells Fargo) and physical assets. These banks make up the majority owners of the Federal Reserve. By purchasing these banks as distressed properties, the Chinese, will in effect, have purchased the Federal Reserve because these banks own the Federal Reserve. For the naysayers that will write to me and say there is no way that this will ever take place, I will respond by telling you that you are a day late and a “distressed dollar” short with your anxiety over the future of the American economy.

Late last year, China purchased the JP Morgan building in Manhattan for $725 million. This was a symbolic move like planting the U.S. flag on top of Iwo Jima’s Mount Surabachi during the famous WW II battle. This signified that the Chinese have laid claim to all assets in the United States. One might  reason that the Chinese have in fact purchased all of JP Morgan. When this happens in earnest, it will come in the midst of a dollar devaluation and we are only months away from this happening.

The Death of Our Asset Holdings

The Chinese yuan, also known as the renmimbi, is China’s national currency. The yuan has an important role in keeping China’s economy competitive. China keeps the yuan pegged to a basket of currencies, most notably the U.S. dollar. The yuan is worth a little more than fifteen cents.

This is all about to change. China has the ability to sell its Treasury holdings, putting the value of the U.S. dollar into free fall. However, it’s not in China’s best interests to do so. By threatening to sell U.S. Treasuries, China would quickly devalue its own holdings. Even so, it’s been unwise for the U.S. to allow itself to become so indebted to any other country. However, the Chinese now have partners who are willing to purchase U.S. treasuries and shoulder the burden of owning most of the U.S. debt which will result in the total collapse of the US economy. These large investors are busy purchasing the Federal Reserve through the back door. For example, the Spanish Bank, Banco, is purchasing Citigroup in Spain according to the Wall Street Journal. The buyoff of the major investors in the Federal Reserve is well underway. China, and their BRICS country allies, and a consortium of international interests (e.g. the previously identified Spanish and German banks), will through the I.M.F., manage the U.S. debt through exchange rate increases and trade tariffs.

Dr. Jim Garrow announced on my show that a devaluation is near as the dollar will soon be valued on a 6 to 1 ratio in favor of the Chinese renmimbi. Let’s talk about the ramifications of this event. If you own a mortgage on your home for $150,000, you now owe the Chinese interests controlling your bank, who holds your mortgage note, $900,000 dollars. If you owe the bank $20,000 for your automobile, following the 2014 dollar devaluation, you now owe $120,000.  Your grocery bill for your family just went up by a factor of six. What about your retirement and social security? What retirement and social security? Long before most of you will be able to collect, your retirement will collateralized against the debt. The same is true for your 401K and your saving account holdings. It would be wise to spend your money now on elements of survival that you will need.

There is also an important aspect that nobody is talking about. When the Chinese come to claim your home, your car and your retirement, what legal recourse will you have? The answer is you will have no due process rights because your economic situation will be adjudicated in accordance with Chinese law. Under Chinese law, you will truly have the right to remain silent. When one considers the net effect of this Chinese takeover of the Federal Reserve, it is not far-fetched to postulate that Americans will actually be starving to death.

It is completely understandable that Americans will be fleeing the country. However, the Chinese will no doubt put controls in place that may allow you to leave, but your assets will stay inside the country.

The Bigger Picture

Elements, not the entire government, have sold our country out. Reid, Feinstein, Clinton, Pelosi and of course, Obama, have committed treason against the United States by participating in this planned demise. Yes, the planned demise is in full view.

The Bundy Affair is the most significant event in present day America. It exposes the fact that the Chinese will soon control our new solar based energy delivery systems through the Solar Energy Zones. These Solar Energy Zones lie on top of an estimated $228 trillion dollars of underground mineral assets. They also lie adjacent to major military installations and international corridor of interstate highways which will all soon be controlled by the Chinese.

Please note that all the rising economies of the world are tying their currencies to gold as Dr. Garrow astutely pointed out on my show. The United States is not one of these countries. He is correct as the China and India have been trading in gold, as opposed to the dollar, for several years. The present set of events represents the fulfillment of our demise which has been planned by the global elite for quite some time. If there is a silver lining, America will soon shed much of its sheep’s wool and America will fight. Hence, the real reason behind Obama’s push for gun confiscation and the fact that John Kerry signed the UN gun ban treaty last year. Now that you know that the Chinese own the very clothes on your back, it is time to take a look at how the Chinese will soon be exerting complete dictatorial control over the United States.

To date, we have largely been conquered by stealth. Soon, the specter of Chinese and Russian troops along with their DHS allies will be opposing Americans in the streets. This will be the topic of Part Three.

Credit to Common Sense

Ukraine Crisis: Putin Surrenders To The NWO?

Inflation Hits Bacon!

Japan, worried about China, strengthens ties with NATO

Japanese Prime Minister Shinzo Abe, concerned about China's rising military spending and disputes with Beijing over islands in the East China Sea, signed a new partnership agreement with NATO on Tuesday.

The accord, signed by Abe and NATO Secretary General Anders Fogh Rasmussen during Abe's visit to NATO's Brussels headquarters, will deepen Japan's cooperation with the Western military alliance in areas such as counter-piracy, disaster relief and humanitarian assistance.

After addressing ambassadors from the 28 NATO nations, Abe drew a parallel between the situation in Ukraine, where Russia has occupied and annexed Crimea, and Asia, in an apparent allusion to a standoff between Beijing and Tokyo over tiny uninhabited islands in the East China Sea known as the Senkaku in Japan and the Diaoyu in China.

"We will not tolerate any change of status quo through intimidation or coercion or force. This is not only applicable to Europe or Ukraine. This is applicable to East Asia and it is applicable to the whole world," Abe said at a joint press conference with Rasmussen.

Abe urged Russia and Ukraine's political parties to recognize the legitimacy of Ukraine's May 25 presidential election, which the West sees as crucial to help stabilize Ukraine after weeks of worsening violence that Western officials accuse Russia of helping to stir up.

"At the same time, in order to resolve this problem, we have to have dialogue with Russia," Abe said.

NATO has said it will not get involved militarily in Ukraine but it has reinforced security in eastern European members of NATO that are worried by Russia's renewed assertiveness.


Credit to Reuters

Iran admiral says if there’s war, U.S. aircraft carriers in Persian Gulf will be a target

Iran will target American aircraft carriers in the Persian Gulf should a war between the two countries ever break out, the naval chief of Iran’s powerful Revolutionary Guard warned Tuesday as the country completes work on a large-scale mock-up of a U.S. carrier.

The remarks by Adm. Ali Fadavi, who heads the hard-line Guard’s naval forces, were a marked contrast to moderate President Hassan Rouhani’s recent outreach policies toward the West — a reminder of the competing viewpoints that exist at the highest levels within the Islamic Republic.

Iran is building a simple replica of the aircraft carrier USS Nimitz in a shipyard in the southern port of Bandar Abbas in order to be used in future military exercises, an Iranian newspaper confirmed last month.

Fadavi was quoted Tuesday by the semi-official Fars news agency as saying the immense size of the U.S. carriers makes them an “easy target.” He said contingency plans to target American carriers are a priority for the Guard’s naval forces.

“Aircraft carriers are the symbol of America’s military might,” he said. “The carriers are responsible for supplying America’s air power. So, it’s natural that we want to sink the carriers.”

The Revolutionary Guard’s naval forces are separate from the main Iranian navy. They are primarily based in and around the Gulf and include a number of missile boats and fast-attack vessels.

The commander said the Guard navy has already carried out exercises targeting mock-ups of American warships. In one case, he said, it took 50 seconds to destroy one of the simulated warships.

Tasnim, another semi-official news agency close to the Guard, reported that “an investigation” has found that the Nimitz-class carriers used by the U.S. could be seriously damaged or destroyed if 24 missiles were fired simultaneously.

An American Navy official in the Gulf was dismissive of the Iranian claims, and of the simulated carrier in particular.

“Whatever Iran hopes to do with the mock-up, it is likely to have zero impact on U.S. Navy operations in the Gulf,” said Cmdr. Jason Salata, a spokesman for the U.S. Navy’s 5th Fleet, which is based across the Gulf in the island kingdom of Bahrain.

“Firing weapons at a stationary structure floating on pontoons is not a realistic representation of having the capability to target a 100,000-ton warship … manoeuvring at speeds in excess of 30 knots,” he said.

Pentagon spokesman Army Col. Steve Warren mocked the Iranian mock-up, saying he had seen a classified image that showed it listing to the side by about 30 degrees. “My guess is you could sink the mock-up in 50 seconds,” he said.

Warren said the photo would not be publicly released. “We are wholly unconcerned about the Iranians’ mock-up of an American ship,” added.

Iran’s military leaders believe future wars will be air and sea-based. Tehran has sought to upgrade its missile and air defence systems, as well as its naval forces in anticipation of such a possibility.

Fadavi, however, said the Guard’s navy is in “daily” contact with passing American warships in the Persian Gulf.

“At the Guard Navy Command Control Center, we talk to Americans on a daily basis. This has been going on for years,” Fadavi said.

American naval forces in the region say they routinely monitor Iranian naval operations and frequently communicate with their Iranian counterparts.

Fadavi said Americans have formally demanded a hotline to contact Iranians in case of emergency but the Guard has turned down the request.

“Nothing (bad) will happen if they leave (the region),” he said.




Credit to Ottawacitizen.com

Will Detroit Be The First Major Chinese City In The United States?

Is Detroit destined to become a Chinese city?  Chinese homebuyers and Chinese businesses are starting to flood into the Motor City, and the governor of Michigan is greatly encouraging this.  In fact, he has formally asked the Obama administration for 50,000 special federal immigration visas to encourage even more immigration from China and elsewhere.  So will Detroit be the first major city in the United States to be dominated by China?  It could happen.  Once upon a time, Detroit was the greatest manufacturing city in the history of the world and it had the highest per capita income in the entire country.  But now it is a rotting, decaying, bankrupt hellhole that is in desperate need of a savior, and Michigan Governor Rick Snyder appears to be fully convinced that China can be that savior.

To Snyder, encouraging foreigners to invest money and buy up properties won't cost the state government much, but it could potentially have great benefits...

Under a plan to be unveiled Thursday, Gov. Rick Snyder will request 50,000 special federal immigration visas over the next five years to attract foreign professionals who are willing to work and live in the city.

Mr. Snyder, in an interview Wednesday, said that “this is one way for the federal government to step up to provide significant value without cost that could have a huge impact on the city’s future.”

At a news conference announcing his plan, Snyder was not shy about declaring his intentions...

"Let's send a message to the entire world: Detroit, Michigan, is open to the world."

In other words, Snyder wants China to save Detroit since nobody in this country is going to.

Snyder has also taken a couple of additional steps to encourage immigration and foreign investment, including opening up something called "an Office for New Americans"...

Opening an Office for New Americans to attract and help immigrants better adjust to life in Michigan, and designating the state as an Employer Based or EB-5 center to expedite visas and permits for immigrants who want to open business in the state with investments of at least $500,000 and 10 employees.

In essence, Snyder has done just about everything except roll out the welcome mat for the Chinese.

But this is nothing new for Governor Snyder.  In fact, he has been making overtures to China for years...

Snyder, who was a businessman before starting his political career, believes that automobiles can no longer change the fate of Detroit. He said that he has learned from the history of the United States that what has made the nation great is immigrants.

In the early 1990s, Snyder went to China to develop the automobile market. After he was elected as the governor of Michigan, he made at least one trip to China every year, with the aim of recruiting talent.

He hopes that well-educated Chinese people can revitalize the Motor City in the new era. And as he desired, after Detroit announced its bankruptcy in 2013, the Chinese began to take the dying city by storm.

Rich Chinese men see Detroit as a rare opportunity for investment outside their home country.

In 2013, without any field investigation, Dongdu International Group of Shanghai — whose assets total 5 billion yuan (US$800 million) — spent US$13.6 million to buy the David Stott building and the Detroit Free Press building at auctions in September.

And when we talk about the Chinese domination of Detroit, this is not something that is just future tense.  This is something that is already happening right now.  For example, the following is an excerpt from aCNBC article that discussed how Chinese companies are already aggressively "putting down roots in Detroit"…

Dozens of companies from China are putting down roots in Detroit, part of the country’s steady push into the American auto industry.

Chinese-owned companies are investing in American businesses and new vehicle technology, selling everything from seat belts to shock absorbers in retail stores, and hiring experienced engineers and designers in an effort to soak up the talent and expertise of domestic automakers and their suppliers.

The transformation that has taken place in that region of the country is absolutely remarkable.

48 percent of the manufacturing jobs in the state of Michigan were lostbetween December 2000 and December 2010.  Our trade deficit with China was largely responsible for that.

And now we are relying on China to come in and salvage the ruins of our gutted economic infrastructure.

Not only that, but the Chinese are also eagerly buying up homes at extremely depressed prices all over Detroit.

According to CNN, Detroit is already number four on the list of the top 10 destinations for Chinese homebuyers.  In many cases, Chinese buyers are scooping up properties without even looking at them first.  Just check out what one Detroit real estate broker told Quartz last July...

“I have people calling and saying, ‘I’m serious—I wanna buy 100, 200 properties,’” she tells Quartz, noting that one of her colleagues recently sold 30 properties to a Chinese buyer. “They say ‘We don’t need to see them. Just pick the good ones.’”

And they aren't just interested in Detroit.  As I have written aboutpreviously, one Chinese company known as "Sino-Michigan Properties LLC" actually had plans to buy 200 acres of land near the little town of Milan, Michigan and turn it into a "China City" with artificial lakes, a Chinese cultural center and hundreds of housing units for Chinese citizens.  For much more on how Chinese buyers are gobbling up real estate all over the nation, please see my previous article entitled "The Chinese Are Acquiring Large Chunks Of Land In Communities All Over America".

All of this is just another indication of how rapidly the global economic landscape is changing.

Since the late 19th Century, the United States has been the most dominant economic power in the world.

But now that reign is ending.

Just recently, a new study released by the World Bank indicated that China is now the largest economy in the world in terms of purchasing power...

A report out of the World Bank shows rapidly expanding China is poised to overtake the once invincible United States as the world's largest economy by the end of 2014.

The International Comparison Program looks at exchange rates to reveal purchasing power of different currencies and found that yuan in China will soon pack more punch than the mighty dollar.

Meanwhile, Chinese officials bashed the report as flawed, likely for fear of losing its status as a developing nation and the pollution-spewing perks that come with it.

And a couple of years ago China passed the United States and become the leader in global trade.

As the Chinese economy continues to rise and the U.S. economy continues to decline, the shift in global power is going to become even more dramatic.

Yes, let us hope for the best for our failing economy, but you also might want to teach your kids to speak Chinese just in case.

Credit to Economic Collapse