BREAKING: China Surpasses U.S. Economy as Worlds Largest
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SOURCE: IMF Members Weigh Options to Sidestep U.S. Congress on Overhaul http://online.wsj.com/articles/SB10001424052702303887804579501252344303012 It’s official: America is now No. 2 www.marketwatch.com/story/its-official-america-is-now-no-2-2014-12-04 *******January 23rd & 24th London Event Webinar Registration http://www.resourcefulrealestateacademy.com/london-webinar To order my new book on The Coming Global Economic Reset go to http://www.amazon.com/The-Global-Economic-Reset-Currency/dp/1499612281/ref=aag_m_pw_dp?ie=UTF8&m=A7FP40X6WRRSH ---- Listen to The Fabian Calvo Podcast - Enlightenment - Education - Entrepreneurship https://itunes.apple.com/us/podcast/the-fabian-calvo-show/id763768072?mt=2&uo=4&at=11l5XS ***Tap into the Trillion dollar opportunity banks and hedge funds don't want you to know about*** Learn the secret tactics and strategies Fabian used to trade over $100 million in one distressed debt and mortgages and achieve financial freedom. Get your copy here: http://resourcefulrealestateacademy.com/ SUBSCRIBE TODAY for Daily Video UPDATES http://www.youtube.com/subscription_center?add_user=Fabian4Liberty Fabian4Liberty ► http://www.fabian4liberty.com Facebook ► https://www.facebook.com/Fabian4Liberty Twitter ► https://www.twitter.com/#!/Fabian4Liberty The Note House ► http://www.thenotehouse.us The Resourceful Real Estate Academy ► http://www.resourcefulrealestateacademy.com Global Economic Reset 2015 ► http://www.GER2015.com
Comments
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U.S is falling down because of a lack of value.
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Oh well...
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It's About international trade done right, fair prices, fair financial services, equal opportunities and manufacturing strategy. China has all these but capitalism has grown very greedy, corrupt and full of wrong economic ideas. Haha....
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China is now the world largest economy
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The problems China is or will soon face:
- Poor peasants lost their lands to greedy red capitalists got more unrest by the days.
- Sweat shop migrant workers earning mcdonald's salaries demanding better life.
- Shadow banking and real estate bubbles infated GDP data.
- Rampant corruptions with ghost towns and unproductive developments.
- Destructions of Chinese culture, people lost their sense of decency and morality.
- Repression against religions: Christian churches demolished, Muslims, Falun Gong followers tortured and killed, their organs harvested...
- Cultural genocides against minorities like Tibetans, Uyghurs,
- Environmental genocides, polluted air, rivers,
- Health care for fast ageing population due to 1 child policy.
- Lost of fertile farmland due to irresponsibility development projects creates food shortage.
- Rich commie rats own 30% of China wealth while 25% of the poor own only 1%. -
Wouldn't read too much into anything coming out of this Land of Million Fakes! Reduce everything down to 20% maybe!
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No no, this is fake as hell. I'm Chinese, the government gives the fake number of the GDP, the real GDP is one forth of the one the claimed or even less. Most of us living in an extremely poor life, we can't even afford eggs and coca cola. You can't believe I'm this county, if you can afford the eggs, it shows you a rich person. People from west and central parts of China are even still eating grasses as food. I'm being serious, we are as poor as most african countries. And it is INDIA who will be the next super power.
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So Fabian,
Both you and I know full well that the $USD$ is dead and its total implosion is inevitable. This of course is going to crash all FIAT globally. Let me start off with a question: When this happens, are the people across the globe going to accept anything less than gold, silver, or commodity's. Basically, will people accept the Yuan in a total global implosion? Or will it also implode if the rest of the global economy implodes (we both know the rest of the world will)?
Basically, if a total global economic implosion happened, would China be able to economically survive despite the rest of the world imploding?
Personally, I feel when the total shit storm strikes, be it sparked by economic turmoil, ebola, war, an EMP from the sun etc. will cause at least about 7.5 billion people, a vast majority of the world population, to destroy/kill itself. Personally, I feel we can fret about the economy all we want, but ultimately, nobody is going to want paper, or even gold, when they are hungry and thirsty. I personally am betting on WW3 ending with nuclear exchange, in which no "government" will survive to see the 21st century.
This global economic reset wont be a reset on the economy, but really a reset on humanity. Like a phoenix, this land must burn before it grows again, and rises from the ashes.
We must remember, after the Civil War, the bloodiest war ever fought on the Western hemisphere, everybody in Europe touted the Republic as a failed idea, that personal freedom doesn't work. Well we both know that by 1920, the were proven wrong.
Personally, my investments are in guns, ammo, food, and networking to reconstruct. I have economically pulled out and only use my business to fund these long term, post nuclear fallout and winter contingency endeavors. -
Well in terms of GDP Nominal US is miles ahead of China.
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The United States is run by criminal Jews. That's why the United States is going down the toilet.
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There will be a rough patch, but not rite away. Minipulation will create a cyclycle bubble to stand on after another land grab.
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AAHAHAHAAHAHAHAHAA......FUCK AMERICA!.......Chinese man have small penis, but fuck like sowing machine!
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Fabian is sharp.
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No that's not true, in China most people can't even afford eggs or coca cola, only rich ones can. People from west and central parts of China are still eating grasses as food. I'm Chinese, i know Chinese government gives fake numbers to the world. China is a forever poor county and third world.
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Your Message is fair enough. But one has to give credit to China for the work they have done. US was busy doing wars and spending trillions upon trillions on black holes in Iraq Afghanistan Lybia etc etc. when China quietly took over the world economy. China's industrial output is 3.7 trillion USD (in ppp terms somewhere around 6 trillion) whereas that of US is only 2.9 trillion. I think time is still there to cut spending on defense and spend that on people or else fate of US could not be any different to that of Soviet Union which neglected people and kept spending on defense, rest is history.
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The dollar has been steadily rising all year and is now messing around with a five year high. About that falling dollar, when is this happening Fabian?
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Too bad america is 70% in terms of nominal gdp which actually matters for buyeing things like aircrat carriers and military equipment. PPP is per capita which is influenced by pop size. China has a billion more people than the us. It shouldnt be surprising that they have such a large per capita economy due to that
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The GOP did not go back on their promise to oppose Obama on things like immigration. They are merely recognizing they do not have a veto proof majority to override a POTUS veto or enough votes to remove from office those who try to subvert congress by executive action. In the mean time between now and the 2016 and 2018 elections (in which the congress will have the needed veto proof majority or a more favorable president than the current incumbent), the GOP may simply be stuck with dealing with Obama by winning long term political victories against the Democrats so that there is a GOP President in 2016 or at least a veto proof majority in 2018.
In closing at the end of the day we must remember, it is not just political will it is simple math. -
GDP in China must be shared with over 4 times the population of the USA. They have water problems, food and energy problems A big stab in back awaits them by the Anglo Saxon mission coached by off world entities
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Actually , why are Americans so afraid . If China do well, it's their hard work and efficiency. The Americans has only themselves to blame if they do not get their house in order. Their debts' problem and education (primary and high school) are their Archillies' heel. If they can be humble and quickly act to solve this problem now, they could reclaim back a lot of their No.1.
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