Quote: (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.
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