China.....how much will the Chinese currency appreciate against the US dollar? That could severely shorten the 20 year period as to when their economy is "larger" than ours.
The dollar depreciated about 90%(lost almost all it's purchasing power)against the Jap Yen in the 70's and 80's. THAT put their economy on the map. Remember when travel to Japan was cheap and goods were cheap just like in China now??? They "then" became famous for more than just their GODZILLA movies.....and if you want to tour Japan, take a "wheelbarrow" full of US dollars with you right now!!
The situation with China will be more upsetting than Japan ever was to our debt based "bubble" economy going forward.
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