US Is ‘Practically Owned’ by China: Analyst

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.

To view dictionary popup window put your cursor on the blue words

Perplexity

“…upon the earth distressStrongs 4928: sunoche, soon-okh-ay´; from 4912; restraint, i.e. (figuratively) anxiety: — anguish, distress. of nations, with perplexityStrongs 640: aporia, ap-or-ee´-a; from the same as 639; a (state of) quandary:—perplexity.
Strongs 639: aporeo, ap-or-eh´-o; from a compound of 1 (as a negative particle) and the base of 4198; to have no way out, i.e. be at a loss (mentally):— (stand in) doubt, be perplexed
….”
—Luke 21:25

Divided Nation

“But he, knowing their thoughts, said unto them, Every kingdomStrongs 932: basileia, bas-il-i´-ah; from 935; properly, royalty, i.e. (abstractly) rule, or (concretely) a realm (literally or figuratively): — kingdom, + reign. dividedStrongs 1266: diamerizo, dee-am-er-id´-zo; from 1223 and 3307; to partition thoroughly (literally in distribution, figuratively in dissension): — cloven, divide, part. against itself is brought to desolationStrongs 2049: eremoo, er-ay-mo´-o; from 2048; to lay waste (literally or figuratively): — (bring to, make) desolate(-ion), come to nought.; and a house divided against a house falleth.”
—Luke11:17

“Ah sinful nation, a people laden with iniquity, a seed of evildoers, children that are corrupters: they have forsaken the LORD, they have provoked the Holy One of Israel unto anger, they are gone away backward.”
—Isaiah 1:4

Gold [XAU=X 1308.2 -0.60 (-0.05%) ] hit a new record high Monday and silver [XAG=X 21.8 -0.07 (-0.32%) ] rose to another 30-year peak as investors were worried about the dollar weakening further after the Federal Reserve hinted at more quantitative easing last week.

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.

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