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The US-China Power Balance & Google GDP Chart Games

About a year ago I made a post here at Daily Paul, that resulted in being the #6 Google search result for "US vs China GDP." Interestingly, the Google GDP chart no longer gives data for China, which used to show it rapidly closing in on the GDP of the US at an exponential rate.

With some searching I found another chart of US vs China GDP along with a more detailed article. Here is the chart itself (this time I'm saving a copy on my computer!):

http://newsimg.bbc.co.uk/media/images/46743000/gif/_46743310...

And the article:
http://news.bbc.co.uk/2/hi/8363952.stm

Here's the Google GDP Chart, but it appears that they have simply not included the data anymore, because it is available still on the World Bank website:
http://www.google.com/publicdata?ds=wb-wdi&met=ny_gdp_mktp_c...

Why would Google do that? Obviously, Google is not reliable anymore, and probably has not been for some time.

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China Production Passed USA Years Ago.

Production is but a small account within Gross Domestic Product. In the USA, the sales of USA production is annually a mere 10%. Fed Elephants, but they are still hungry.

First off, China pegs its cash to our Dollar Fed Note. If Foreign Exchange (Forex, London), decides Chinese cash is worth 4 times more tomorrow, BOOM! It is so. China's GDP would dwarf the USA.

China numbers for its domestic production already exceed the USA. Services and Government Wild Spending count in GDP. But, they are production in name only.

If you do not count paper money, but instead count the production (manufacturing, mining & growing... you would realize China is ahead. If you equalize similar worker output, the comparison charts would show the USA is already eclipsed.

Besides, GDP is but a measure of spending. Production Accounting is merely sales (spending). It is often reported as a GDP / Dept ratio, as if spending more could pay more debt. Nonsense.

Here is the kicker. Why do you feel Japan & China prefer bragging about holding hundreds of billions of US Treasury Notes on their national accounts? Why would they insist on holding our US Debt, instead of just paying off their own?

  • Japan & China run massive deficits
  • Yet they brag about holding nearly $1 Trillion of our US Treasury Bonds
  • But why?
  • Their debt is so wonderful, they let it grow?
  • Our US debt is so wonderful, China & Japan gobble it up, rather than providing services to they own folks?
  • Go ask Alice, I think she'll know.

Something is very amiss in National Accounting.

"There are lies, damn lies, & statistics."

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

I guess China doesn't mind any statistics.


Damn lies are always told about those doing well, but those doing well don't care, because they are.

It's ironic that an oppressive government which restricts liberty is doing better than one that is supposed to be the home of the free. That must be a sign of just how corrupt our system must have become; to be failing against open tyranny.

"None are more hopelessly enslaved than those who falsely believe they are free."

- Johann Wolfgang von Goethe

Even your facts are do distorted, I do not blame you.

We are often told by newspapers what you write. I still read them; they still lie. They lie, even I don't write them anymore.

Bygones!

China ain't healthy nor wealthy. The system is gamed.

A true measure of monetary wealth is weight of something valued. Lots of ways to measure & value. But, let us not dally.

As I mentioned in previous posts, what is wrong when a country such as China or Japan runs a huge a budget deficit; yet, buys our US debt with abandon? Why count our debt as their wealth? We don't.

Why should other nations nations run up their debt while buying ours. Conversely, why does our Central Bank buy trillions of foreign debt, while ours goes abroad beggar thy neighbor?

Economics: the dismal science.

China has factories running, granted. To what purpose? So they can loan us cash to buy their product? Come on now.

Absurd!

Health

A true measure of health is quality of well water.

Check their water quality? Air quality?

Something is amiss.

I do not have the energy to jump to a conclusion. Let me just register with you that I am very blessed to live here in America. I endeavor to solve our troubles here. As we right our ship of state, others will learn for our example. What they do is up to them. If you travel in China, you will learn from afar, our beauty abounds & our troubles are small.

You are a fine writer. You may win any debate. I am not challenging you. I very much like what you write. I am pointing out... as you did... Lies, damn lies... I will leave statistics for another time. Thank you very much for posting. If you click on my red highlighted name, you may save 10 cents on your next post.

I wish you Yule Tidings.
=========================

PS: Sempiternal, I still remember you forwarding the "US Weather Modification Report." It is all nicely annotated by me and kept safe along with my Autobiography of others to witness. Again, thank you.

"Everybody Talks About the Weather...
Submitted by sempiternal on Sun, 05/30/2010

"Everybody talks about the weather, but nobody does anything about it." - Mark Twain

Weather Modification: The Ultimate Weapon?
http://www.dtic.mil/cgi-bin/GetTRDoc?AD=ADA283033&Location=U...

I saw this quote in the above military document from the Air War College about weather modification and thought you might be interested.

reply

Your "US Weather Modifation Archive" is very helpful. Thanks.
Submitted by Mark Twain on Sat, 07/31/2010
http://www.dailypaul.com/node/135632#comment-1454240

Sempiternal,

Thank for your weather report.

"The trouble ain't that there is too many fools, but that the lightning ain't distributed right." - Mark Twin

This archive weather document confirms many projects by official code name and admits success & failure. Especially, with the unreported, unusual names, searches are likely to find relevant hits....

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Only Economically

I was only referring to China's economic strength. Yes, it is coming at a social cost.

Did you see this video?

The Creditor and the Plastic Duck Junkie
http://dailypaul.com/node/151185

[X] All of the above. ___Economics: The dismal science. ___

Beware! Economics motto:

"Thy Kingdom come. Thy bill be run. Forever. Amen."

Thy Kingdom running big tab. Close the bar door!!!

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Except if pre1980 GDP metrics are used

Except if pre1980 GDP metrics are used (see shadowstats) then the GDP is 4/5 of what it was in 2001. Shadowstats show 9 years of shrinking GDP

Which seems verified by the 20% unemployment.

So $8 Trillion down from $10 Trillion in 2001 is probably more accurate. That puts us a trillion dollars behind China and they hold trillion dollars of our debt.

Twenty percent shrinkage would be around 9000 on the Dow.

Free includes debt-free!

Yes, a key flaw in the charts is they are in US Dollars

And not adjusted for inflation!

"GDP in current U.S. dollars. Not adjusted for inflation."