Matarr

I still maintained you missed my point. Correct me if am wrong but it appears you are either dealing with a different aspect or expanded beyond my point.

GDP (simply all what a nation produce during the measured period - usually 12 calendar months): China $17.6T and US $$17.4. Hence China become the world's largest economy.

Now what did I say - I watched a TV personality who was arguing but China has more people? I said I don't like when people started changing the measure (matrix) in the middle of the game. When US was leading their population was not a factor. I further stated if we decides to add such a variable - possible both nations may not likely be the largest economy. Certain smaller nations with output may fare better with that ratio. Check Saudi Arabia, Equatorial Guinea. The EU affected Cyprus but otherwise I would blindly say they would fare better with such a measure in the 80s and 90s.

The other measures and factors such as monetary policies and GDP are not the same. Sure China is very manipulative with valuation of Yuan Others also believed they are not straight with many of their measures. I wouldn't hold them above such because is a dictatorship. On the contrary I picked the numbers as presented by the measuring body.

Besides outright lying - as a nation they have right to valuation as they see fit. If that is truly unfair; other nations should take corrective measures. Going that routing will probably remove us further from my basic point.

I'm not familiar with the Dakr exampl. Equally not an expert on Chinese economy. But a fair knowledge of The Federal Reserve, their role and tools.

Burama

On Sunday, December 7, 2014, Matarr Sillah <[log in to unmask]> wrote:
Burama,

No I did not miss your point, but whenever you are ready we will buy your ticket. It seems that you do not understand the metrics you are quoting. I am actually looking at the implications of China's monetary policy not on the U.S, but on developing countries, hence my dakar double talon example. You are confusing yourself with output/GDP and PPP. To your long standing measure comment, what are you on about my friend? When the imf and world bank talk about the world's largest economies, they are using the PPP measure (big mac index), which is flawed in the case of China because of their currency policy. The mechanism (ICP) used to capture this data only does so using exchange rates and not market rates, so anyone can claim largest economy status by manipulating their currency and by not playing by international trade rules. Hadn't it been that no one takes our village idiot seriously, he also would have been able to claim largest economy status because he recently adopted a similar currency policy to deceive people. But go back to your data source and look, China is nowhere near the U.S in terms of GDP.

Of course, I take nothing away from China's economic achievements, but please try to contextualize a bit when comparing China to the U.S.

Thanks,
Matarr

From: Burama Jammeh <[log in to unmask]');" target="_blank">[log in to unmask]>;
To: <[log in to unmask]');" target="_blank">[log in to unmask]>;
Subject: Re: The Economy
Sent: Sun, Dec 7, 2014 12:42:44 PM

Malanding

I’m not a “Republican" nor a "closet Republican”. I must admit bunch of them make economic sense in their arguments thats may not necessarily be what people want.

I would like to think you can access founding fathers position (explicit) on national debt from libraries, scholarly material from different sources and mere google search (gotta be care as some may not authentic).

I’m only looking at the numbers. Regarding China above US in output - my point was the TV guy shouldn’t start moving the measuring stick. When US was leading it was only looking at GDP so when China moved above why say but the have a large population.

I also said had that been considered, chances are US wouldn’t be the largest economy - Gambia, Senegal, Saudi Arabia, etc. could have a better population to GDP ratio. I don’t know but it’s a likely possibility.

Burama

On Dec 7, 2014, at 7:18 AM, Malanding Jaiteh <[log in to unmask]> wrote:
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