[svenski7]

(04-30-2014 08:31 AM)Samseau Wrote:  

(04-30-2014 03:23 AM)Excelsior Wrote:  

Largest GDP by PPP makes for a neat talking point and is an accomplishment (regardless of the size factor). I'm really not surprised that this milestone may be passed right about now given recent economic trends and China's size (4 times that of the USA), but this doesn't change much in the long term IMO. The PRC is already passing the Lewis Turning Point and its demographic dividend will soon quit paying out. China will still get old before it gets rich.

Yeah but what does that turning point matter? America passed it's own Lewis Turning Point a long time ago. We've only made up for it with immigrants that have destroyed the culture and sucked the welfare system dry.

China can easily start taking in African immigrants or, instead of importing Africans, just create sweat-shops in Africa. They started doing this nearly a decade ago. So even if they don't have more of their own labor they will find it somewhere else, and since China has zero morals they will basically enslave the Africans for their own economic gain.

Meanwhile, the USA's economic continues to shrink every year. But most people are fooled into thinking that it's growing when they see positive GDP numbers, because these numbers do not account for inflation. If you take inflation into account, America's GDP has been negative for over a decade.

This is easiest to see when you evaluate America's GDP as a percentage of the world GDP:

http://acrossthestreetnet.wordpress.com/...-yourself/



Basically, America's elites are sucking all the wealth out of the middle class through home mortgages, student loans, and car loans. Meanwhile none of the money they take is reinvested into the American labor force, instead they find cheap third-world labor overseas to produce shit and sell back in America. This means America's money is slowly drained from two fronts.

On top of this, the immigrantion policy we have is retarded, claiming that we need "more labor to do the jobs American's won't do," when in reality our unemployment is at record levels so more immigrants has zero effect on reducing labor costs.

Everyone says immigration is to reduce labor costs in America and is therefore supported by big business, but this is a lie. America has more labor than it knows what to do with. Both educated and uneducated labor are at all time highs. College degrees at all time highs, and so is the population size.

The real reason immigrants are being let in is because it has become politically impossible to kick them out. Republicans know they cannot kick out the hispanics, because conservative whites are completely outnumbered. Thus liberal whites + immigrant hordes = more votes than conservative whites, so republicans are trying to pander to future immigrant votes by being pro-amnesty.

It won't work, of course, since all the new immigrants will vote democrat, but this is just one more step toward's America's next civil war.

Regardless America's economy is shit, and inflation is the only thing creating the appearance of a recovery. America is equally bad as China, probably much worse. China's demographic problem can easily be overcome with immigration or slave-labor sweat-shops in Africa, but America's problems can no longer be overcome by any political policy.

Once America goes bankrupt (i.e. hyperinflation), people are going to get very violent.

Samseau, as Althone pointed out, the importance you place upon Gross Domestic Product (GDP) in measuring economic progress is unfounded.

The Macroeconomics 101 definition of GDP is:

The monetary value of all the finished goods and services produced within a country's borders in a specific time period, though GDP is usually calculated on an annual basis. It includes all of private and public consumption, government outlays, investments and exports less imports that occur within a defined territory.

Population of US = ~325 million
Population of China = ~1.1 billion (four times the US amount)

If the GDP of China and the US are equal, it means that the economic output of every US worker is equivalent to the economic output of four Chinese workers.

Have you ever been to Southeast Asia? The work ethic sucks and there are tons of inefficiencies.

A better measure of a country's global economic output might be Gross National Product (GNP) which attempts to measure the economic output of all things done by American citizens both domestically and abroad. This would account for all the jobs that companies such as Google and Microsoft create abroad whose income is then enhanced by said operations. Another example would be Japanese GNP when considering all of the Toyota manufacturing plants located around the world (US included). Unfortunately, GNP is extremely hard to calculate (just like GDP).

What foreign endeavors would add to China's GNP? I truly don't know. It is obvious that they are heavily investing in Africa and the US but I would still bet that their GNP would not be as impressive as that of Japan or the US.

You've also overlooked the quality of life factor. How many people on this forum would give up their Western citizenship to go live in China because their GDP has become the largest in the world? None. I'm pretty sure it was you who was hating on the RVFers over in Bangkok. That's a clean city compared to most in China.

The price of China's growth has been the pollution these factories have created. Some areas have pollution on par with nuclear fallout conditions.

People vote with their feet. Where are people trying to go? Where do the Chinese want to go? It seems everyone is still trying to get into the US — legally and illegally. Who's trying to get into China? A few North Korean escapees who from there are probably trying to get asylum in the US. I won't even go into what happens to them if the Chinese catch them.

I also recall you were an avid reader of alt-news sites such as Drudge and Zerohedge. That's great, I read them as well. So then you will remember the attention that Zerohedge has been giving the shadow banking / QE to infinity going on in the Chinese provinces. According to these libertadian sites its even worse than the US financial system.

The US has problems but China is a powder keg in many regards.