No it's not us Vs them and who.is us and who the crap are them anyways. No the problem isn't us Vs them. The problem is everyone who look past their we egotistical bs in order to do what's right Instead follow their own hate to exclude even looking at an middle ground at all. The fact the Congress and the house have given their power over and can no longer have the powers they conceded. They did it to themselves and have no recourse. Destroying them is the only way to rebuild. From the ashes of the Pheonix comes new life and breath
interesting read. So let's look at the market.
The Chinese economy is projected to surpass US by 2030, +/- 2 years.
Europe's gone sluggish, having backed down from chinese n S.Korean competion in almost all durables market, textiles, mobiles, solar panels, steel... Now that the worst of migration / exodus is over, Brexit may not solve UKs problems at all.
Nothing wrong if the world economy gets pegged on the Chinese Yuan except that China is communist - not a free market. Allied with Russian military, this is no joke.
Like him or not, DT's actions so far align with keeping the dollar strong.
This may be (already is) the new deep state, DT is talking about; but Americans don't seem ready for it, yet.
let's ask how UK lost her voice in the EU?
could be several reasons but along with the above stated Chinese factor, is Britain cededing the Pound to the Euro.
Just the way I see it.....not afraid to struggle...not afraid to fish.....not afraid to turn things in the right direction for our future generations
The Chinese economy is projected to surpass us by 2030. Are there any sources with which to verify, firstly, what that means exactly and secondly if it is true?
Dear Madam,
sources, mainly financial news, "Bloombergs, Economic Times .., including Indian financials"; been there for some time after China devalued their yuan. quiz any search engine (except yahoo).
also Chinese history that dates back to ...
& personal experience with Chinese project firms in India.
there are no company CEOs; instead there are general secrataries of Comm. Party of China who are in charge.
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what it means is after 2030, trade gets pegged on exchange rates of both dollar and yuan (like on dollar and the pound in the past).
worst case scenario:
the problem in a trade war is, yuan is unpredictable; can get devalued a second time. Result: US imports rise, exports fall; debt increases.
because of national debt (highest in the world), US economy starts to reverse.
For example:
if China sets a engg. / mnfg or distribution hub in Canada for more products (already there with Huaiwei Canada, Huawei India), then ...
Canada's economy marginally grows at expense of ...
-- We call it karmic cycle--
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Case: Boeing
All of above may sound far fetched until one looks up the list of products US is exporting today. Recent insistance by Trump on Boeing (largest export revenue earner) to recall their jets is, among several reasons because all critical US products retain brand names / quality.
The Chinese don't design own jet engines, so that's a relief. Unless you consider that they have started mnfg Russian jets.
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what this means to the average American is visible from recent gesture by DT who offerred to sell soya beans; while in fact the Chinese requirement is for beef.
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I don't think political parties on both sides had clear foreign trade policies in mind, till DT started his great (or ridiculous, depending on who you ask) tariff restructuring.
They say that nations produce leaders appropriate for the times. In my opinion, if Trump does not win 2020, it no longer matters cause with all his faults he managed to bring focus on the most really serious issue and potential solutions on hand. It's then up to the next president.
thank you. But I really asked two questions.
What it means and if its true. So, I looked for myself
So: What it means.
The size of a nation's overall economy is typically measured by its gross domestic product, or GDP, which is the value of all final goods and services produced within a country in a given year.
I found a listing of country and GDP here:
http://worldpopulationreview.com/countries/countries-by-gdp/
what is of interest is that when one takes into account the population, the rankings change drastically. So, should it matter that population will affect GDP and China has over a billion people to our 300 million? That is our gdp per capita is not likely to be surpassed, even if the total raw GDP is.
and Is it true?
Well, I have found Bloomberg articles making this statement about the net size of China GDP. But most have stated it as a temporary and not so positive advantage for China.
http://www.bloomberg.com/opinion/articles/2019-03-08/will-china-overtake-u-s-gdp-depends-how-you-count
What happens, though, if we see the U.S. growing from here at its 20-year average rate of 2.2 percent, and apply Brookings’ adjustments to China’s current GDP and growth-rate forecasts? In that eventuality, China’s GDP continues to trail the U.S. all the way out to 2050.
By that time, demographic factors will be weighing heavily against catch-up growth. China’s workforce, nearly five times the size of America’s at present, will only be a bit more than three times as large, meaning total factor productivity will have to be growing still faster to close the gap – and all the evidence is that, to the contrary, it’s been contracting.
