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US vs China GDP (PPP) & Military Spending Graphs

Data from World Bank

Gross Domestic Product (GDP) Purchasing Power Parity (PPP) for top seven countries in the world:
http://i56.tinypic.com/5m...

Military spending US vs China:
http://i53.tinypic.com/ru...

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Data from US no longer shows up on graph, graph disabled

http://data.worldbank.org/indicator/NY.GDP.MKTP.PP.CD/countr...

Interesting...

Current data is:

United States 15,094,025
China 11,299,967

Google graph is a little different or behind: http://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&c...

That's a strange little jump in the US data.

USA! USA! USA!

USA! USA! USA!

Actual Production: USA vs Japan vs China 1913 to prensent

| C
| C
| WW II US C
| | US US C
| V US US C
| WW I US US C
| | US US US C
| V US US US US C
| US US J J C US
| US US J J C US
| US US J C J US
|US US J J C J US
| J J J C US C
| J J C J
| J J C J
| J J C
1913______________________ 1965 __________________ Current

This sketch is from my memory. Production goes up during war; however, much is soon destroyed. Gross Domestic Product, GDP is bandied about; but it is a measure of spending, not production. GDP is not shown here. Destruction is not subtracted from this sketch. This is production, come what may.

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

Woah, if that chart is anywhere near accurate

The government would have a train wreck to hide. It makes sense to look at production. In production, do you include services too though?

All time spent doing something of value?

Which nation produces the most? China, by far.

Webster's 1913 edition: production (noun>

1: (economics): manufacturing or mining or growing something (usually in large quantities) for sale; "he introduced more efficient methods of production"

Production charted. Not services or sales. GDP & GNP are sales statistics. Measures of spending compiled in elastic "legal tender." The measures stretch constantly at a whim.

Let us show respect for a time when a noun was a noun.

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

Computer programmers produce

Even though it's not physical. Hmm, you've got me thinking about this.

Basically life equals production, it's just a matter of what people are willing to pay for your life.

Computer Program Patents granted over last three decades.

Software programs were registered for copyright protection with little thought about how they must be copied to use. In fact, they must be copied each time they are executed. Dubious protection. Microsoft network license agreements included a per seat charge for every computer connected to a Microsoft computer. Infinite wealth calculated by Microsoft; the advent of the Internet exposed Microsoft absurdity.

There were many long debates in the mid 1980s as to whether or not software could even be patented. Newly schooled Intellectual Property lawyers sprouted up everywhere to log their hourly fees in debates none understood. The US patent office allowed patent registration without prejudice (cursory review, followed by eye roll) & collected their fee (pound of "legal tender" flesh). Patent officers chided the lawyers: "Good luck with collecting royalties."

Patents filed. Royalties pretended. Cross licensed. Now computer programs are, as I recall, far & away most popular... Yet, require incantations to explain to judge & jury. Seldom defended in a court of law. Software patents are bought, sold, used & abused as a show of force during cross licensing negotiations among lawyers. "Much to do about nothing."

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

Programmers spend their life programming.

No different than a lawn mower spends his life lawn mowing.

Neither of them produce a physical product, yet they are both producing value with their lives or labor, otherwise nobody would pay them.

Life = labor = money

I presented production with a century of perspective.

I included only that production that matched the definition I provided from 1913. Production would include manufacturing a lawn mowing machine & related accessories. Back when the Dow Jones Industrial Average began as an index of 12 common stock companies, production meant manufacturing, mining & harvesting.

Now the Dow Industrial Average includes banks? Now, macro economics is measured in fiat currency & adds up to annual spending. GNP & now more popular GDP use production in their name; but, very little traditional production is left in the US. For the US, somewhere near 10% of GDP is in the production national account. which is added to the summation of national accounts. All the summing of fiat currency gets us nowhere closer to paying debt. Used to be, with hard money, a nation could measure things better. Now, elastic currency, we have lost our way... Cannot even measure accounts proper. Bad measure.

Life, labor, money each have very different meanings to me. I take comfort in that.

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

Banking should be included too - all things of value

However, bankers should only be included if they do not engage in counterfeiting (fractional reserves & printing notes). Counterfeiting does not produce any value, it merely robs value produced by others.

An honest banker (oxymoron currently) spends his life laboring to providing a valuable service of loans and interest on savings. His life's labor, financial services, is not any less of a production than someone that spends their life farming, or writing no less. Each can prove valuable. However, how much value is determined by the free market. Someone might spend their entire life doing nothing, and they will probably be paid nothing because nobody else values it. Or, just the same, a banker might spend his life making bad loans, and as a result not earn anything. But his labor could also provide a good service others value, earning him money. In this case, a banker's financial production must benefit in increased physical production, otherwise he does not get paid back.

And, I would ask that you reconsider life, labor, and money. Life or time is needed to perform any labor, and money is merely a valued representation of one's labor, time, or life spent doing something. They are equivalents and cannot exist without each other. When you write a book, you have literally invested part of your life to do so. Those that purchase that book are buying the part of your life or labor you spent writing it. The money they pay you is a representation of what they have done with their lives.

Ever heard that time is money? It's true.

I am sharing perspective of a century ago.

I will not be drug into this modern age without my reference points. I cited a 1913 Webster Dictionary to help you see word useage changes over time. You are making out the life, labor & money are equivalents. I ain't buying it. Sorry to disappoint you.

The points you are making are oft heard these days. I am writing you about what used to be common knowledge. Look back a century for perspective.

A Chinaman works in a China for 1 dollar per day; but, have him come here, & he insists on $10 for similar work? Specifically, Forexx paper-money changer deem it to be so. Much of what we all take in as reality is false. Albeit, mnay lies are persist.

YouTube reference point interview:

    Hello, my name is Montague William 3rd
    And what I will tell you may well sound absurd
    But the less who believe it the better for me
    For you see I'm in Banking and big industry

    For many a year we have controlled your lives
    While you all just struggle and suffer in strife
    We created the things that you don't really need
    Your sports cars and Fashions and Plasma TV's

    I remember it clearly how all this begun
    Family secrets from Father to Son ....

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

Well, I'm not selling either, just stating facts.

1) Your life is limited.

2) Anything you produce will require a part of your life.

3) When the products you produce with your life are exchanged for money, then the money represents the parts of your life spent producing such products.

If even you don't understand money, then it's probably time for me to write a full topic on it.

I am sanguine. Does the Chinese Yuan have a Peg-Leg?

To boldly state you state facts is not helpful to me. Who doesn't? Your terms show a modern perspective. A common perspective.

I used terms in a way that was common & useful a century ago. I believe the 100 year old meanings are still useful today. That is why I sketched my version of production history.

To chart comparative GDP of several nations using an elastic currency such as the dollar belies the fact that the Fed Dollar is such a poor measure. Will you awake tomorrow to find the Printers-That-Be post a 10% or 20% devaluation of the dollar? What about a simultaneous in-value... inflate... the Chinese Yuan and/or Renminbi?

Is the Fed dollar or the Chinese Yann a stable value? A solid peg? Or is it but confidence?... wish? faith?

    Beijing continues to hold down the renminbi - the currency has risen less than 4 per cent against the dollar this year despite entreaties from the US for faster appreciation. And the state, at least through provincial governments, continues to shovel cheap money at favoured companies.

A peg-leg? A conundrum?

    "When you are on the side of the majority, pause & reflect."

Regards,

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

Any disagreement with points 1, 2 or 3?

This is definitely not knowledge of the majority, if it were, we would be hanging counterfeiters like our founders did. Even here at Daily Paul I'm finding people simply have no clue what money really is. That's a major problem if we hope to end counterfeiting and restore sound money.

You & I use several terms quite differently.

Rather than focus on disagreables, let us continue on our courses with knowledge gained from history. My points raised are the terms you use had their common meanings changed over the last century of funny-money. You are using terms in a most common way.

Specifically: Production, GDP, money, banker...

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

Only include service in production.

Administration for production counts.

Financing does not. Financial firms do not. The make-believe Dow Industry companies like B or A or Citi banks do not. What is passed off as a product of production in the make-believe world of economics is a sham. Gross Domestic Product includes very little production in most nations, for there is very little. The big difference between GDP & GNP is but the services account; work done by American tax payers in foreign lands is part of GNP. The services account is but a sum of many government reports. Many are but estimates.

If Forex doubles the rate of exchange for Chinese "legal tender" Yaun, Chinese GDP & GDP double. They can do it tomorrow... for national currency... cash... has elastic properties.

An Act to provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford [make-believe] means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes.

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

IMF only reporting a very small dip for US

That was not there when I originally posted this graph. All the Fed inflation must be going into propping up the GDP in numbers but not substance.

Broken IMF & World Bank, made in USA. Broke lenders gone wild!

The Immaculate Money Fountain, IMF seeks "legal tender" funding from rich (aka: massive) debtor nations for lending to poor (aka: lessor) debtor nations.

Let us look at the list of European Nations in the news about massive debtor nations loaning to lessor debtor nations:


    Nation ___ Debt __ per capita
    _______________________________________
    Germany __ €1.9T €23K
    Italy ____ €1.9T €31K
    France ___ €1.7T €26K
    Spain ____ €0.6T €14K
    Greece ___ €0.3T €29K

    PS: They owe each other.

    Why did countries with much larger National Debt loan "legal tender" to countries with much smaller debt? Must this nonsense continue?

[Sigh.]

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

It's like tossing hot potates.

Who will end up with it, nobody knows, just hope you're not the one holding it when the time's up.

The Red Chinese aren't exactly a bunch of freedom lovers...

...but at least they have no interest in taking us down militarily. They'll go after Taiwan first. In fact, they just named their first aircraft carrier the Shi Lang...the admiral who conquered Taiwan for China back in 1681. Don't think that bit of symbolism is lost on the Taiwanese.

http://en.wikipedia.org/wiki/Shi_Lang
http://en.wikipedia.org/wiki/Soviet_aircraft_carrier_Varyag#...

China will be the Asian menace militarily at some point, but now isn't the time and they pose no real threat to the U.S. except through the capital markets. That is why we need to get this budget mess in order. We right the ship by abandoning Keynesianism.

Cuimhnigh orm, a Dhia, le haghaidh maith.

Military Spending graph shows trillions wasted by US

Total up all that spending over the last couple of decades and you have a massive amount spent compared to all other countries. I'm sure that China would not be growing so fast if they had been spending anywhere near as much as we are on military over the last couple of decades.

I'm sure the Chinese are happy with how things are right now. They are not spending much on military and are growing fast. They don't want things to change. At the current trend, they will easily overtake the US within the next decade.

Once they have a huge economy, they will be able to afford huge military spending if necessary.

The whole point is to waste money

War creates debt, and debt makes the Fed rich and everyone else poor. It's a way for them to increase their power, while sapping everyone else of theirs.

Their spending is another war in itself. This is why we cannot gain any freedom through these wars. The devaluation of our currency steals our freedom and restricts us a lot more than any terrorist threat, especially these bogus, hyped-up, staged "threats."

$2.3T Military Revelations, Don Rumsfeld, War Sec., 9/10/2001

Military Accounting Book of Revelations, 9/10/2001

As announced on national broadcast talking-picture-box. Don Rumsfeld admitted he & his military lost $2.3 Trillion. Gone without a trace. He put the book down in the Pentagon... in the section that was investigation the tremendous loss of accounting. $2.3 Trillion dollars possibly amounts to the sum total funding to build all our military buildings. Apparently the evidence left after the Pentagon was hit by an unidentified flying object (UFO), was considered irretrievable. The investigation never got off the ground.

No charges. No testimony. $2.3 T investigation, up in smoke.

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

Cute film reel arrived with your question... Show me the money?

Honey, I lost Money,$2.3 T... Marches our boys off to War Anyway... Only to Refute His Own Lie, Feb. 2011.

        The "Legal Tender Age"

You are a whip smart young lad. The film reel lined & stacked up up digital representations of what many have come to know as money. The banter was, "Money, money, money." Folks may be confused folks as to,"What is money?" It may lead folks to a "Paper Chase" to "Follow make-believe money!" Or perhaps the digital representation of modern "Age of Legal Tender."

        "Man's Tender Age"

As a man matures, he comes to realize how to count & hold value.

  • The Iron Age
  • The Bronze Age
  • The Steel Age
  • The Golden Age
  • The Golden Plated Age
  • The Gilted Age
  • The "Legal Tender" Age

As man continues to age, he may resort back to one of those ages of metal... of hard work...

Or perhaps, a man might carry on his excesses of make-believe, in the "Digital Age. A gamer. A con.

      Don Rumsfeld Broadcasts His Missing $2.3 T, Sept. 10, 2001.
      Secret-ary of War, Petulance & Famine oft make-believe fantasy. The manufacture "societal needs, for the greater good, for all time." They hire a marching band. The ramp up war production, to solve all. They count anything.... Anything at all. Sum it all up along with lies & misfortune... arriving at total mass chaos! What economists name "Gross Domestic Product."

      Then economists rhetorically, with facts & figures, opine if only their newly named, GDP could stack up to pay the debt, all would come into balance... All wealth would flow into the hands of those practiced in the art of deception.

            "The Printers That Be (PTB)..."

        Man's Paymaster... The Maker of Believers...

      Just contemplating the chaos drum up by the Secret-ary of War, has me perplexed...

        "Is not this insanity plea becoming rather common? Is it not so common that the reader confidently expects to see it offered in every criminal case that comes before the courts?... Really, what we want now, is not laws against crime, but a law against insanity." - Mark Twain, “A New Crime” (1870)

      Perplexed & puzzled...

        "A crowded police docket is the surest of all signs that trade is brisk and money plenty." - Mark Twain Roughing It (published 1872).

      Whipped up with all the ruckus, I am astonishing busy.

        We cannot produce our way free & clear of debt... with a loan attached to a promise to pay... Debt "Legal Tender" is not money...

        We must create sound money. Money of value. - Mark Twain, 2011

      Dr Ron Paul, 2012. Sincerely,

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

Now Donald Rumsfeld says, "billions," not trillions?

Did you notice that in the video? Is this a slip or his new plan for public cover up? How come it's not mentioned in the link?

We Are Change sure is good at getting controversial footage! All three of those guys seemed to be working together, the guy with the CFL button that asks for the photo to slow Rumsfeld down, the questioner, and the camera man.

Nice operation.

Thanks for posting that video! I had not seen it.

Glad you noticed. Yes, $2.3 T Lost. $2.3 B Found an Excuse.

      Lost & Found Excuses, as told by Donald Rumsfeld, 2011

The Other Donald, Mr War Donald Rumsfeld is making up excuses. But, he is not a Trump card. He holds no Aces. He is as he states, "A Loser."

As for his $2.3 T libation [a] loss (loss of memory related to liquidity):

  • Rumsfeld explains away $2.3. See linked film reel.
  • Unfortunately, none of our wealth returns.
  • See: UN absconds wealth of nations by fiat & sanctions
  • Net:
    • 0.1 % of loss explained away via Rumsfeld libation [a]
    • 99.9 % of loss yet to be investigated...
  • No hearing
  • No summon
  • No court date
  • No free libation[a]

Rest assured, knowing of libation [a] sin, as told by the Hole in the Wall Gang, Sept 11, 2001.
Small Hole in the Pentagon Wall, Sponsored by Hole in the Wall Street Gang, Sept 11, 2001.

"I said, 'That must have been one bad pilot!" - Sitting President Bush, the Younger, recounting his losings, 2001 - 2011

    Thus, sums up the deed of & by one bad pilot, Mr Bush.

----- Free LIBATION Hole for a Whole Nation -----

Footnote [a]: Definition of LIBATION >li·ba·tion - noun \lī-ˈbā-shən\

    -
    1. -
    2. an act of pouring a liquid as a sacrifice (as to a deity)
    3. a liquid (as wine) used in a libation
    1. an act or instance of drinking often ceremoniously
    2. beverage; especially : a drink containing alcohol

— li·ba·tion·ary - adjective
- also see: War Sec·ret·ary - very harmful adjective

Examples of LIBATION

  • They offered libations at the temple.
  • We met for a libation after work.

Origin of LIBATION

    Middle English libacioun, from Latin libation-, libatio, from libare to pour as an offering; akin to Greek leibein to pour

First Known Use: 14th century
---------------------------------------------
Content may shift in packaging: No sacrifice nor deity included with purchase.

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

Absolutely.

Well put.

Cuimhnigh orm, a Dhia, le haghaidh maith.

World Bank? Despicable, Disgusting Source of Propaganda!

      National Economy Parity Chart
      Intrinsic Cash Value Shown
        Revised chart, 2011.

100 |

_10 |

__0 |_____________________________________________

-10
__________________________________________________
_Year_ 1914 -----------------------------------2011

US ☑ China ☑ Germany ☑ Japan ☑ UK ☑ France ☑

All currency shown @ parity = 0 (intrinsic value)

No matter which way the wind blows, their debt money is Gone with the Wind

  • World Bank (WB): aka Wonder Bread from the sky, Kool-Aid ® Loaning you blind.
  • Immaculate Money Fountain (IMF): Liquidity. Loaning you blind.
  • The Fed: key creator & owner of WB & IMF; loaning you blind, since 1913.
    • Pretend law deemed to pass via "Unanimous Consent"
    • Eve before Christmas Eve, 1913
    • During Congressional Christmas Recess
    • Wee Hours of the Morn
    • No record of attendance?
    • No record of debate?
    • United States monetary system eviscerated? Poof!
  • Forex: "Legal Tender" Changer. Gambling with your cash.

Balderdash!

Whose wealth are these clowns trading? Who gave them the privilege?

Each country compares their paper cash with the next. Forex is the casino. Whatever they allow in trade becomes the quoted value. Imagine the make-believe power over the destiny overloading the world with this paper trading casino. Wealth eviscerated in an instant. Whole national wealth hanging by a thread... a Forex trade... in an instant.... Poof!

If the Forex trading sings wide, one paper value goes high, another goes low. Reach for the starts. Swing low, sweet chariot.

    Tomorrow is another day. - Scarlett O'Hara

Please, let us return to sound money.

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

Shadowstats says GDP shrinking since 2000

That's a fair amount of shrinkage, maybe 1/5 gone?

http://www.shadowstats.com/alternate_data/gross-domestic-pro...

I guess the part of the GDP they decided to measure for US wasn't shrinking. I don't know about China's GDP statistics.

Free includes debt-free!