Sunday, January 23, 2011

US Financial Decline

Jon Stewart of the Daily show used last Thursday's January 20th episode to put a humoristic twist on the increasing financial power of China and what it does to US' superpower status.

(Relevant part starts about 30 seconds in the clip)

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The US owes China alone one trillion US Dollars which is about 7 percent of the US GNP. European and other countries depending on US political and military support better look around for a new protector. US support is contingent on the Chinese People's Republic approval.

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