The Collapse of the American Empire, page-2031

  1. 22,702 Posts.
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    I guess the old saying is very true:
    "You can take a horse to water but you cant make hime drink"

    On a more serious note, however, here is the IMFs comparison of both GDP
    scales:

    https://www.imf.org/external/pubs/ft/fandd/basics/ppp.htm

    After all HC is supposed to be educational as well ...eh?

    So let's cut to the chase: The USA is ahead of China in GDP (USD) at present but
    behind the USA in GDP (PPP)
    China is rapidly closing the GDP (USD) gap; so much so that it is expected
    that it will pass out the USA in GDP (USD) by 2030 & some say by 2026
    due to Covid.

    My point is that GDP (PPP) is a more important yardstick for comparing countries globally
    (see the IMF explanation above)
 
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