China overtakes US as world’s largest economy
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The Chinese economy just pushed past the US to become the world’s largest economy (at least according to purchasing power parity). Although long expected by many experts, the Asian powerhouse’s snatching of the top spot has taken some by surprise. Euro Pacific Capital President Peter Schiff speaks with RT’s Ben Swann on why the US is now number two. Watch more of Peter Schiff's commentary at https://www.youtube.com/user/SchiffReport Find RT America in your area: http://rt.com/where-to-watch/ Or watch us online: http://rt.com/on-air/rt-america-air/ Like us on Facebook http://www.facebook.com/RTAmerica Follow us on Twitter http://twitter.com/RT_America
Comments
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American are fools who take control of the power , Chinese are smart brilliant intelligent Guinness people , America now has Mr Donald Trump now things will change white Head wil understand noodles well
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RT has no crediblity as it support their communist comrade.
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this is an incredibly clickbait title.
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in 2021 china will be 50% bigger than US, in 2030 double the US by ppp
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The reason China is rising is, it is focusing on developing itself and not spending her time meddling in other countries internal affairs, like what the U.S. is doing. China is playing catching up, whereas the U.S. is focusing on being the world's policeman. A huge chunk of the U.S. money is spent on defence. That is the reason the U.S. is heavily in debt. And to top it all, it has to borrow heavily from China, a nation the U.S. is trying to contain.
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its funny because Chinese are beating USA at their own game
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The truth in this video should be a rude awakening call for Americans arrogance
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US going to be a failed state
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Indian are baggers
And baggers can't be a chooser -
iphone is cheap. samsung is the great
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The moral to this story is simple: "You reap what you sow."
No more has this old adage been in evidence than with China. Not so long ago, they were called nearly a Third World country. Now, they're poised to the be Number One World Power, on every conceivable level. And who is to blame?? THE GOOD OLD USA. For 200-years we have been the pre-imminent power in the world, proud of our unique "superiority." But there's a problem with that label. After awhile, other countries begin to resent being second-class citizens. When you add to this volatile mix the overuse of American military might in order to enforce our own policies BY FORCE, and you have the blueprint for disaster on a global scale. Whenever you attempt to enforce hegemony with violence, you're inviting yet more violence.
Many Baby Boomers will remember how we used to put down cheap Japanese goods, using the term, "MADE IN JAPAN" to connote flimsy knock-offs. But following WWII, we helped them rebuild their entire industrial infrastructure, creating factories even more advance than our own. Now everyone in the US drives Japanese cars, signaling the slow death of the entire auto industry. Now, with the advent of Korean and Chinese automobile manufacturing, the death knell is ringing once again. Today, THE EXACT, SAME THING HAS HAPPENED WITH CHINA. What we have been seeing is the demise of our own society, done in by our continual misadventures in the Middle East, supporting Saudi Arabia, the Zionist Conspiracy (headed by the Family Rothschild) and resulting in the rest of the world becoming our new masters, economically and in every other way. When were waging war, China was buying bold. Recently, this backlash can easily be seen in China's recent treatment of Barack Obama, when they openly dissed him when he landed in their country for a summit meeting, or when the leader of the Philippines had even harsher words for him. Our actions have totally squandered our respect and power in the world, and indeed, helped other countries like Russian and China further their own goals. Hopefully, Trump, if elected, with help turn things around, but I seriously doubt that one man can solve the global problems of greed, corruption, and The New Word Order, the destruction of the entire Middle Class to create a race of robot slaves.
I am a political atheist, meaning, I don't vote for anyone. That said, if nothing else, Hillary Clinton must be stopped, under any circumstance. She has sold out to the Chinese, and now wishes to create a new Cold War with Russia, when we should begin making economic allies of them in terms of world trade. Globalists, with central banks as their piggy bank, will undoubtably become the masters of the world, unless we do something, anything, to stop them. And with the flood of displaced Muslim hoards—all of which the US military has created—things will only get worse. So it's now the 11th Hour, 1984. The time has come. -
The moral to this story is, "You reap what you sow."
No more has this old adage been in evidence than with China. Not so long ago, they were called nearly a Third World country. Now, they're poised to the be Number One World Power, on every conceivable level. And who is to blame?? THE GOOD OLD USA. For 200-years we have been the pre-imminent power in the world, proud of our unique "superiority." But there's a problem with that label. After awhile, other countries begin to resent being second-class citizens. When you add to this volatile mix the overuse of American military might in order to enforce our own policies BY FORCE, and you have the blueprint for disaster on a global scale. Whever you try to enforce hegemony with violence, you're inviting yet more violence.
Many Baby Boomers will remember how we used to put down cheap Japanese goods, using the term, "MADE IN JAPAN" to connote flimsy knock-offs. But following WWII, we helped them rebuild their entire industrial infrasture, creating factories even more advance than our own. Now everyone in the US drives Japanese cars, signalling the slow death of the entire auto industry. Now, with the advent of Korean and Chinese automobile manufacturing, the death knell is ringing once again. Today, THE EXACT, SAME THING HAS HAPPENED WITH CHINA. What we have been seeing is the demise of our own society, done in by our continual misadventures in the Middle East, supporting Saudi Arabia, the Zionist Conspiracy (headed by the Family Rothschild) and resulting in the rest of the world becoming our new masters, economically and in every other way. When were waging war, China was buying bold. Recently, this backlash can easily be seen in China's recent treatment of Barack Obama, when they openly dissed him when he landed in their country for a summit meeting, or when the leader of the Phillipines had even harsher words for him. Our actions have totally squandered our respect and power in the world, and indeed, helped other countries like Russian and China further their own goals. Hopefully, Trump, if elected, with help turn things around, but I seriously doubt that one man can solve the global problems of greed, corruption, and The New Word Order, the destruction of the entire Middle Class to create a race of robot slaves.
I am a political atheist, meaning, I don't vote for anyone. That said, if nothing else, Hillary Clinton must be stopped, under any circurcumstance. She has sold out to the Chinese, and now wishes to create a new Cold War with Russia, when we should begin making economic allies of them in terms of trade. Globalists, with central banks as their piggy bank, will undoubtably become the masters of the world, unless we do something, anything, to stop them. And with the flood of displaced Muslim hoards—all of which the US military has created—things will only get worse. But it's now the 11th Hour, 1984. The time has come. -
You could say that there is Western Propaganda circulating but
that is nothing as compared to the extreme propaganda of the North Koreans
& the Chinese communist government. China does not respect International United
Nations Law of the Sea which they have agreed & signed, they don`t respect
Intellectual Property rights, they copy inventions & Profit from piracy
& now they blinded their citizens with Brainwashed Selfish Nationalism. Chinas
government funds its hackers to steal information & destroy websites which
is for their advantage. Chinese media has send lies to their citizens that their poor Asian
neighbors are bullying them on the Sea dispute but in reality it is the Chinese
Military who are aggressively harassing their neighbors. It is scary a reality
that the Chinese communist government are doing just like the start of Hitler
Nazis Idealogy- blind Nationalistic Hatred, they brainwashed their young to
hate the Japanese not forgiving them after world war2, brainwashed their people
to invade Taiwan in the near future not accepting their independence. And now China PLA have
suddenly told their citizens that they own almost everything on the Seas of
South East Asia which is far away from their country & are within the
territories of other Asian neighbors. Beware the world must think twice whether
to support buying Chinese products as the more you make them rich the more they
become a bigger threat to the world. China will destroy the economy of many
countries by flooding their cheap goods to remove competition & then
monopolize manufacturing of almost every product in the world. -
If you read my offerings, understand I like the CHinese, just not the Communist government. Chinese changed over to Free Market semi-Capitalism which is what is causing the turn around. I am in San Francisco which is full of Chinese, I have dated Chinese girls in the China's, Mainland and Formosa. My son just got back from Red China, works with Chinese companies that want to buys million of dollars worth of US Corporation offerings. So the money is going both ways. The US businessmen wibuy then turn around and sell at a large profit. Labor is dirt cheap in China and sadly prisoners are forced to produce. In the US we have wage slaves but minimum wage is high compared and going to $15 an hour. Trump will be forcing US companies to buy more from US labor. Trump will fine US buyers if they buy from China. This will harm China greatly but I will still vote Trump because his ideas will benefit all Americans. I am an American but my nest is already feathered and I can make no matter what happens. Being an American I will vote for Trump to avoid Hilary who will sell the US to anyone if they contribution to her Clinton Foundation Charity scam.
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Americans be like :fuck the Chinese they starve their people they r cheaters...I am Chinese I am not even complaining about living in China why u fucking white bastards care.Chinese people r hard workers n knows how to make money unlike Americans throwing money out getting involved with shit they r not even involved with. This is why terrorist groups form in the Mid East cuz us gotta stick their nose in every butt crack.
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What Chinese people and government have been doing for the last 70 years to become second largest economy country in the world is imitating. If you ask any Chinese if it is legal to copy right. They all agree. Every country around the world has at least 15% to 45% Chinese products, imitation from A to Z including medicines lol. They have been stealing other countries' ideas and ideals and products, nothing has created by Chinese. Name me a tech product that using Chinese dum as creation. Chinese government has allowed his people to steal people products so The only way to solve this problem is to put Sanctions on Chinese government in order to stop Chinese imitation.
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:( I LIVE IN USA AND THIS I AM SOOOOOOOO MAD AT AISA
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So China Un-pegged from the dollar and well... I have tremendous respect for Mr Schiff and his father even more so, but I think his fathers US political prisoner status clouded his judgement on China and Russia. He has every reason to be angry, I can't imagine what his family has suffered and I can even understand his hope for the downfall of this government, Hell the rest of us are angry too. but there's no reason to root for the other team, it's not the Murcans that betrayed his family, we too were betrayed. He must know the heart of the average American and how it would not be possible for them to know about what happened to his father or why, but he should also know better than to start writing our obituary.
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All without 300+ years of completely free labor aka slavery. The U.S cheated its way to a superpower. They shouldn't have been a superpower if they hadn't forced ppl for free labor. If China did that they would've been the superpower centuries ago. They're just smarter than the U.S.
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dont worry , china will collapsed in 2 years
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