Finally arrived - US no longer the largest economy in the world.<div><br></div><div>China now is - output $17.6 trillion to US $17.4. Not of much but still ahead.</div><div><br></div><div>Output/GDP has been a long standing measure without regards to other variables such as in relation to population. </div><div><br></div><div>Yesterday a TV pundit was trying hard to down play China surpassing US saying 325million people  : 1 billion. I hate changing the goal post in the middle of the game.</div><div><br></div><div>If we add that variable - is possible US may not be better than Gambia and/or at least many other nations. That&#39;s simply the ration: output : # of people. Good spin though and may have a point. Just saying don&#39;t add it because you now fall behind.<span></span></div><div><br></div><div>In addition US has a national debt over $18 trillion with an interest bill over $400 billion. Bad mismanagement and politics producing nothing other than making sure one is elected.</div><div><br></div><div>Please read founding fathers positions on debt - simply astonishing were we are.</div><div><br></div><div>Burama <br><br>On Tuesday, December 2, 2014, Burama Jammeh &lt;<a href="mailto:[log in to unmask]"><a href="/scripts/wa-ICORS.exe?LOGON=A3%3D1412A%26L%3DGAMBIA-L%26E%3Dquoted-printable%26P%3D814153%26B%3D--089e012296f24e047305098dff1e%26T%3Dtext%252Fhtml%3B%2520charset%3Dutf-8%26pending%3D" target="_parent" >[log in to unmask]</a></a>&gt; wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">U.S. debt over $18T now.<div><br></div><div>So much mismanagement of of such a resourceful nation.</div><div><br></div><div>Burama</div><div><span></span><br><br>On Tuesday, December 2, 2014, Burama Jammeh &lt;<a href="javascript:_e(%7B%7D,&#39;cvml&#39;,&#39;<a href="/scripts/wa-ICORS.exe?LOGON=A3%3D1412A%26L%3DGAMBIA-L%26E%3Dquoted-printable%26P%3D814153%26B%3D--089e012296f24e047305098dff1e%26T%3Dtext%252Fhtml%3B%2520charset%3Dutf-8%26pending%3D" target="_parent" >[log in to unmask]</a>&#39;);" target="_blank"><a href="/scripts/wa-ICORS.exe?LOGON=A3%3D1412A%26L%3DGAMBIA-L%26E%3Dquoted-printable%26P%3D814153%26B%3D--089e012296f24e047305098dff1e%26T%3Dtext%252Fhtml%3B%2520charset%3Dutf-8%26pending%3D" target="_parent" >[log in to unmask]</a></a>&gt; wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">Filled up <span></span>under $3/gallon. The last I bought gas under $3 is years ago (don&#39;t even remember).<div><br></div><div>What does that mean for OPEC nations? Will oil stay primary driver for those such nations?</div><div><br></div><div>Can someone advice Yahya obsession about oil - that it may or may not be long before oil is no longer the outstanding driver as it used to be up until now.</div><div><br></div><div>Fracking if expanded will reduce cost drastically.</div><div><br></div><div>Burama<br><br>On Friday, November 28, 2014, Burama Jammeh &lt;<a><a href="/scripts/wa-ICORS.exe?LOGON=A3%3D1412A%26L%3DGAMBIA-L%26E%3Dquoted-printable%26P%3D814153%26B%3D--089e012296f24e047305098dff1e%26T%3Dtext%252Fhtml%3B%2520charset%3Dutf-8%26pending%3D" target="_parent" >[log in to unmask]</a></a>&gt; wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">The dollar in the ascendance against the dalasis at the exchange market. Today stand at D42.20 = $1. For those of us earning In foreign currencies - we&#39;re happy with the return on remittance to family/friends. Understandable!<div><br></div><div>How about the Gambian economy? Majority of our compatriots earn in dalasis. How those high dollar affects <span></span>there spending? How would lowering demand affect economic expansion? Flip that to the supply side - lower demand means cut supply or risk market surplus.  That could go to falling prices - ok, I will stop here.</div><div><br></div><div>Prices are raising in Banjul. A nephew just text me cement has gone up D10/bag in Brikama - from D275 to D285. Equally prices of stable foods are up and up.</div><div><br></div><div>What&#39;s your fix - assume your are a policy maker tasked to fix our economy? How you do reduce the impact the cyclical global economic fluctuations for our locals?</div><div><br></div><div>Burama <br><br></div>
</blockquote></div>
</blockquote></div>
</blockquote></div>

¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤
To unsubscribe/subscribe or view archives of postings, go to the Gambia-L Web interface
at: <a href="http://listserv.icors.org/archives/gambia-l.html" target="_blank">http://listserv.icors.org/archives/gambia-l.html</a>
<p>
To Search in the Gambia-L archives, go to: <a href="http://listserv.icors.org/SCRIPTS/WA-ICORS.EXE?S1=gambia-l" target="_blank">http://listserv.icors.org/SCRIPTS/WA-ICORS.EXE?S1=gambia-l</a>
To contact the List Management, please send an e-mail to:
<a href="mailto:[log in to unmask]"><a href="/scripts/wa-ICORS.exe?LOGON=A3%3D1412A%26L%3DGAMBIA-L%26E%3Dquoted-printable%26P%3D814153%26B%3D--089e012296f24e047305098dff1e%26T%3Dtext%252Fhtml%3B%2520charset%3Dutf-8%26pending%3D" target="_parent" >[log in to unmask]</a></a>
¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤