Obama Just Let China Pass The US In A Major Area We’ve Dominated Since The 1800s/ the United States is no longer the No. 1 economy in the world.

If you recently felt the earth move beneath your feet — or possibly a ripple in the Force — this could be why…

For the first time since Ulysses Grant was president — in other words, not since the 1870’s — the United States is no longer the No. 1 economy in the world.

China just climbed into the top slot as the leading economic power on the planet, as reported on MarketWatch.com.

The International Monetary Fund recently released the latest numbers for the world economy.

And when you measure national economic output in “real” terms of goods and services, China will this year produce $17.6 trillion — compared with $17.4 trillion for the U.S.A.

As recently as 2000, notes the Market Watch post, the U.S. produced nearly three times as much as the Chinese.

From TradingEconomics.com, we learn that industrial production in China has been enjoying substantial growth, increasing nearly 8% in October, 2014, over the same month a year earlier.

Among the sub-sectors, manufacturing output increased 8.5 percent, mining 4.7 percent and electricity, heat, gas and water production and supply 2.9 percent.

The Market Watch columnist who alerts us to America’s loss of the top spot on the world economic stage believes that this shift in the balance of dollars-and-cents power will have long-term, far-reaching consequences.

And these will not be particularly positive consequences for those who prefer a world dominated by the United States:

This is a geopolitical earthquake with a high reading on the Richter scale. Throughout history, political and military power have always depended on economic power.

Britain was the workshop of the world before she ruled the waves. And it was Britain’s relative economic decline that preceded the collapse of her power.

Hand in hand with its broad-based economic expansion, China has also become a major buyer on the global gold market, with its gold reserves having surpassed that of Russia.

Peter Reagan of Birch Gold Group, a national dealer of physical precious metals, notes that China has likely imported 8,000-9,000 tons of gold since 1995. If put under the custody of the People’s Bank of China, those sizable imports would boost the nation’s official gold reserves to a level on par with that of the U.S. They could also put upward pressure on the price of gold on world markets.

It’s significant as well that President Obama — who has long signaled his lack of interest in seeing the U.S. retain its No. 1 standing in the world — traveled to Beijing last month to meet the Chinese president and attend the APEC summit.

There the two leaders announced what Time.com characterizes as “a blockbuster deal” on significant measures to address climate change.

It was a deal that many opponents have criticized as putting unfair burdens on the U.S. economy, relative to the flexibility given the Chinese in being able to maintain carbon-creating industrial output.

Commenting on the major, overarching changes in the economies of China and the United States, Birch Gold’s Peter Reagan observes:

“Capitalism sees individuals as creators of value, responsible for themselves with a minimal role for the state. But more and more Americans are becoming dependent on the welfare state. More and more, Americans are demanding increased handouts and government control of business.

“So as China slowly eases away from Communism, many of the government programs in the U.S. are actually moving towards it. If these trajectories continue, that prediction by the World Bank is a slam dunk: China will ascend and we will descend.”

It would seem that, if the fears of Obama’s critics are borne out, these new standings in the world economy — with the U.S. no longer in first position — could last for some time to come.

As the decline of the United States destroys the value of the dollar, Birch Gold Group helps Americans protect their savings with physical Gold and Silver. To learn how you too can secure your family’s future, request a free Info Kit on Gold from Birch Gold today – there is zero cost and zero obligation to you. All you need to do is enter your details at www.birchgold.com

Read more at http://www.westernjournalism.com/shock-report-look-whats-just-happened-us-economy-obamas-watch/#BedWtYtuXIVxFwRc.99