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The Collapse of the American Empire, page-2027

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mickban

12,290 Posts.

166

05/02/22

17:07

Post #: 59379929
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Originally posted by moorookamick ↑

Thd USA is not the biggest economy in the world GDP (PPP)
FYI it was passed out by China in 2014-15.

And FYI the USA was the biggest economy in the world GDP (PPP)
approx from 1890 to 2014. This is when the USA panicked because
it realised that it could not keep up the pace with a rate of economic
growth one third that of China.

It is forecasted that China will pass out the USA in GDP (USD) by 2026.

And here is the evidence:

GDP(PPP) is a truer measure of a country'd economic global position because
it accounts for each country's purchasing power.

For example if a US built Tesla sells for say $50K USD in the USA and an identical
one built in China sells in China for say $30K USD equivalent. then the only varient is
the purchasing power of the respective countries' currencies.

This is why the US GDP in USD is about $22.5 Trillion & China's is about $15.5 Trillion
but in PPP the USA is still $22.5 Trillion while China is about $25 trillion GDP

Just play the video above for evidence.

Expand

Wrong again Mick.
If you are going to spruce your proclaimed economic capabilities at least get it right lol

USA biggest economy in the world.
Perhaps it is your dislike of them that is distorting your views so much?
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