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The problem with statement like 'China will take over the world' is that we are giving any peoples too much credit for actually knowing what is going on. If China does take over the world it will not be through planning and guille it will be through luck, growth and natural attrition, and...

beat up over the last 2 years Australias wealth has grown and the usa wealth has seriously deteriorated. Asset pops and USD devaluation. Therefore the debt thing only tells a very small part of the story. Debt has increases but so has our wealth dramatically. So would be interesting to see the...