China finally ends American empire - Chinese economy set to overtake US

[Beidou2020]

1872-2014

RIP to Yankee empire.

 

[Chinese-Dragon]

Topic already posted here buddy.

Chinas Economy could be already bigger than Americas if you count in shadow income sources

Maybe we can get a merge.

As for the topic, the American global hegemony is not only based on economy and the dollar, but importantly their powerful military and their network of alliances. Until we can challenge them on all fronts, the American global hegemony has not YET ended. And will not end for many more decades.

 

[Roybot]

1872-2014

RIP to Yankee empire.

But I thought no one cared about PPP

No one cares about PPP.

 

[Beidou2020]

This has the video from the original FT article.

Economic size is one aspect we have dislodged them from the top. Very important step.

Competition is healthy and 142 years is long enough. Time for a change at the top.

 

[Chinese-Dragon]

But I thought no one cared about PPP

Here is the answer:

Nominal GDP matters, because currency matters.

Why do you think the USA has such incredible buying power? Because of the dollar, which is the world's reserve currency.

They can print a few dollars and buy a product which your countryman put his effort and skill into, they can buy resources all over the world with their "almighty" dollar.

When the Indian Rupee was created, it was 1 Rupee for 1 USD. Now it is around 60, do you think it is fair that the dollar is so strong?

By weakening the dollar's status as the world's reserve currency, the USD will become like any other currency, and their nominal GDP will fall to more natural levels, along with the value and buying power of the dollar.

Russia, which has the world's number one largest gas reserves, and which is also the number one oil producer in the world, is no longer going to use the USD for their resource sales. Others will follow, and the hegemony of the dollar will be worn down over the coming decades.

So yes, Nominal GDP does matter. The USD is a great part of America's economic strength.

 

[Beidou2020]

But I thought no one cared about PPP

When it concerns China, then PPP matters.

If it concerns India, PPP doesn't matter.

 

[Roybot]

When it concerns China, then PPP matters.

If it concerns India, PPP doesn't matter.

Oh that makes a whole lot of sense

 

[ebungo]

When it concerns China, then PPP matters.

If it concerns India, PPP doesn't matter.

?

 

[Beidou2020]

Oh that makes a whole lot of sense

Sure it does.

 

[dray]

When it concerns China, then PPP matters.

If it concerns India, PPP doesn't matter.

Sound logic.

 

[Cherokee]

When it concerns China, then PPP matters.

If it concerns India, PPP doesn't matter.

 

[Fukuoka]

There are also the military, politic, scientific, cultural aspects

 

[JayAtl]

a kid flipping hamburgers in the US makes more than 99% of their factory workers. yes they have taken over us!

Just yesterday we saw.

China's Lending Bubble a Global Threat

Chinese Companies Forced to Falsify Data, Government Says - Bloomberg

 

[senheiser]

Topic already posted here buddy.

Chinas Economy could be already bigger than Americas if you count in shadow income sources

Maybe we can get a merge.

As for the topic, the American global hegemony is not only based on economy and the dollar, but importantly their powerful military and their network of alliances. Until we can challenge them on all fronts, the American global hegemony has not YET ended. And will not end for many more decades.

i would like if someone would merge both threads

a kid flipping hamburgers in the US makes more than 99% of their factory workers. yes they have taken over us!

Just yesterday we saw.

China's Lending Bubble a Global Threat

Chinese Companies Forced to Falsify Data, Government Says - Bloomberg

yet they can buy the same hamburgers less than half the price

 

[JayAtl]

i would like if someone would merge both threads


yet they can buy the same hamburgers less than half the price

it is earning not buying we are talking about ...