2:54 am January 21, 2011
Brickell Princess wrote:
If you want a reality check, if you need a way to realize how far the USA has sunk and how pathetic we have failed. Then realize this fact: It has taken China less than 20 years to achieve what it has taken the United States over 200 years. Just look at everything that China has accomplished in less than 20 years. Just take a look at their network of high speed trains. Here, in the not so mighty USA, we’re just beginning to talk about high speed trains and we will never have them.
We have failed because Americans have no incentive to work harder. I, for one, could care less if I make more money this year. Why? Because I just realized, after having my taxes done, that 31% of my income has been stolen from me by the city, county, state, and federal government. I have absolutely no desire to work harder to keep proving those clowns with more tax revenues. Besides, I get nothing in return because I am not poor enough!
So hold on tight! This downward spiral has never been so bumpy or run down so fast.
3:08 am January 21, 2011
why use $USD as the single yardstick, use PPP makes more sense
The Truth wrote:
Those statistics are meaningless.
Everybody knows that China already produces more goods and services than America.
Therefore China already has a bigger GDP than America.
Everybody knows that the real GDP of China in terms of real purchasing power parity is worth at least 24 trillion dollars, and not 5 trillion dollars.
China will not be only a mere superpower like America or the former Soviet Union.
China will be the first and only Megapower.
A world power such as England or France only has around 50 million people, produces about 20 million tonnes of steel, and can field an army of 250,000 soldiers.
A world superpower such as America or the former Soviet Union only has around 250 million people, produces about 100 million tonnes of steel and can field an army of 1,250,000 soldiers.
A world Megapower such as China will soon be, has over 1,250 million people, produces
over 500 million tonnes of steel, and can field a peacetime army of over 5 million soldiers.