TDurden1937 said:
Here is an intersting ling with a few statistics about GNP http://www.scaruffi.com/politics/gnp.html.
This website is using data from the year 2000 Doug....
TDurden1937 said:
Here's another link that puts China at # 3 http://www.lonympics.co.uk/worldsmostpowerfulcountries.htm
This is a joke website Doug.... how exactly is this a leader in political standing?
TDurden1937 said:
Here is a link that project gnp over the next few years http://sun-bin.blogspot.com/2005/12/when-will-chinas-gdp-overtake-us.html
Again, your using data now 3 years old... getting closer though. Last year was 2007, not 2005.
I believe you are trying to defend your country. You just don't want to accept these facts. Again, your using information that is not only outdated, your using information that only backs your cause, not the facts of world economy statistics from reputable agencies. A blog is not reputable.
Now, your trying to do something here that is not a factor of a countries wealth or power; your attempting to assimilate per capita statistics into the equation. China has a population around 1.2 billion I believe when last looked... America around 350 million. The majority of China is poor... over half America is poor. China outweights per capita in poverty, though that has nothing to do with a countries wealth overall. If it did, America would be way down the list also.
A countries wealth is based on its assets vs. debt. Its position within the global market, its imports and exports, etc etc. It is viewed at the country level, not a per capita level. If you went per capita, you would only view such things as pollution rates at a per capita rate. China as a country has higher pollution than the USA, however; when rated at the per capita level then the USA actually kicks China's arse in pollution, meaning for every person in the USA pollutes 3 - 5 times as much as a person in China. China has over a billion, America over 300 million. That you can utilise per capita, but not a countries wealth.
You can use a few factors in an attempt to derive a countries wealth, yet that will not accurately achieve it either. You need all the facts, not just a few facts and figures and compare them against each other. Most people who do that want a desired result, ie. an American trying to tell the world America is still the super power of the world, the richest country in the world, etc etc. Just like a study, you can pre-determine the outcome if you only include the information you want.
Now I believe you are trying to defend your country, which is natural, but the facts are that China is now the world super power. You have this thing stuck in your head about a super power is about military might or the like, when in fact it has little to do with military. America doesn't own any of the bombs it drops, hasn't for many years now, China owns them and America is in debt for each and every one of them.
Australia is actually out of debt nowadays, as we started going down that road a decade ago also, though with a good leader focused on owning the country and creating wealth internally, we own our country, have good import / export and the countries per capita are quite wealthy at an average level.
I do not know about every country, nor do I claim, but I do know certain facts as I am an astute watcher of news and business news. I like to know what is going on in the world as world economy affects every country. For example, the US economy is shit presently, going into recession, and that affects every other country in terms of import and export abilities. Cost raise and lower depending on a countries economy, so it has a flow on effect to other countries in various ways.
Australia started down the scary road the US is already on with credit card debt, where people could just get money any which way, even though they couldn't afford to pay it back. The Government closed it down quick smart and created laws to stop it, because it wasn't in the best interest of the country to allow its populous to get into debt which they could not repay. Smart law.... an American once said to me that would impose on a persons freedom in the US, which my response was, glad this isn't the US then. The USA is driven by money, not commonsense and best interest of the population. Why? Because the population stopped caring and needs to voice itself and create change. Freedom is not freedom if your allowed to do whatever you want. Thats not freedom, that is stupidity and asking for mass panic, chaos and death. That is not control, and every country must have control over the population to keep order. Lose order, lose control of the country. Just look at Africa and some other countries in lawlessness due to reform. Not pretty....
All countries have problems, its a given fact of life. The size and complexity of those problems stem from not only the Government, but also the populations ability to nudge the Government in the right direction as a majority. A population working against itself is not healthy either, when a majority need to be heard in order to make change. The USA need to get out of every other country, they need to stabilize their own economy, they need to stay out of anothers country unless invited, they need to get back to buying their country back because China owns a good majority of the commercial entity now.
Do you think that America owns its global infrastructure anymore? Think about this:
Funny how Starbucks has Ethos water to make you feel better, but every single item for sale inside the store is made in China. Starbucks coffee makers, cups, espresso machines, the whole lot of it. Seems to me that almost all goods on store shelves are Chinese now.
News in Jan 08 as posted in the
NY Times (read full version from link), just to appease the US persons here so you know your being quoted from reputable US sources:
Citigroup is turning to cash-rich foreign investors for a second time as it confronts mounting losses on mortgage-related investments.
The financial giant is in talks to sell a large stake to a Chinese bank and several other investors, including foreign governments, in a deal that could raise $10 billion, people briefed on the plan said Friday.
The China Development Bank, which is controlled by the Chinese government, is expected to invest at least $2 billion, these people said. Citigroup is also in talks with the Government of Singapore Investment Corporation and the Kuwait Investment Authority.
Large investors like Prince Walid bin Talal of Saudi Arabia, who helped rescue Citigroup in the early 1990s, and Capital Research and Management, a money management firm that is the bank’s biggest shareholder, are being offered the chance to invest as well to avoid having their current stakes diluted, but it is unclear if they will choose to do so. Other investors may also be involved.
The talks come as Citigroup is expected to disclose additional huge losses stemming from bad mortgage-related investments. Analysts project the company is likely to announce charges of $12 billion to $18 billion when it reports earnings on Tuesday.
If the deal goes through, it would be the second instance in less than two months of Citigroup’s being forced to turn to foreign investors to shore up its weakening finances. In November, the company sold a $7.5 billion stake to a Middle Eastern fund, Abu Dhabi Investment Authority, underscoring its deteriorating capital position. That purchase gave Abu Dhabi a 5 percent stake.
Citigroup is also bracing itself for another big round of layoffs. The company eliminated about 17,000 jobs last spring.
Other financial institutions have sought cash, too. Singapore’s lesser-known government fund, invested $9.7 billion in UBS; and the China Investment Corporation poured $5 billion into Morgan Stanley.
I haven't even got started on how much Arabian sources own in the US, though China have more overall presently. Some of the very countries the US fight are bordered by countries that own major stakes in the US economy. Interesting.... ha?
I could go on all day, but US citizens need to do their research to see the full facts of your commercial assets. It is the commercial sector which shows a countries majority wealth, as person fortune stems from commercial stability. No jobs, no personal wealth. Its measured against itself to derive difference obviously.
Will the US recover? Yes.... though US citizens and the US government will own much less again of its own country, as investors all round the world are pumping money in whilst the country is broke and "cheap" to buy up its commercial sector. What does that mean once it comes up again? Well, whilst laws exist that only a certain amount of money can be taken from a countries investment, outside investors will take that money, they will use their capital to invest further into the US economy, though whilst creating jobs for citizens, the US people won't own the majority of the commercial sector, overseas investors will.
The only thing US citizens can do to stop this is to send a very loud and majority message to the Government telling them to get the hell out of every other country they where not invited and focus for a decade minimum on building internal growth and wealth once again. Laws should be introduced that the US military cannot leave the US unless attacked directly by a countries military force or requested to aid another country upon request. All else.... keep out of it and let other countries do their thing without trying to interfere and make things worse.
If the US lose things like Citibank, then the country is gone as American owned.... and it looks that way more and more as each day goes by. At a point a country must limit its imports and exports even to control inflation. Because China is cheaper, does that mean you should use it? Again, Government needs to make laws limiting commercial sectors from outsourcing overseas to reduce costs, because it impacts the internal structure of the US economy, jobs are lost, income, diversity and stability. Because you can borrow money, does it mean you should? No... you shouldn't. Whilst the Government control certain factors of the economy, the population also has certain responsibilities in their own economy. By US products even though they are more expensive... all these little things.
For example, in Australia you have a tag that is attached to any produce owned and/or made in Australia, so when you view both products and one may be cheaper than the other, you know by buying the Australian product you protect jobs and the integrity of the Australian economy by doing so. This type of thing is an example of how the population can help to control their own economy, their jobs stability, etc.
I think you get the idea... though quite a complex issue overall with countries economy. Let alone what a business analyst could share upon this conversation.... which would likely blow us all away with the poor state of certain countries economy and future outlook.
