From: video61atarisales@gmail.com   
      
   what can you may about people who are free trade fundamentalists. they ruined   
   america and the west. they have relegated us into massive grinding poverty,   
   and massive indebtedness.   
      
   on top of that, its destroyed most of the third world, sending them even   
   deeper into debilitating poverty.    
      
   this is a direct results of bill clintons disastrous polices,   
      
   yet 'CRICKETS"   
   			China’s economy is now a staggering 22% bigger than America’s, but for   
   differing reasons, neither nation wants to acknowledge this fact   
   										Posted on December 14, 2023 by Felix Abt													 							In a   
   December 2023 article titled “   
   Sorry America, China has a bigger economy than youâ€� (see screenshot above),   
   the Financial Times notes that China’s economy is bigger than America’s in   
   real terms, or in the only terms that matter, purchasing power parity, based   
   on the latest IMF    
   data.Its economy had already exceeded the size of America’s during the time   
   President Trump tried to “make America great again.â€� Not even Trump’s   
   and his successor Biden’s all-out economic war against China, which ranges   
   from cotton and    
   tomatoes to services and high-tech products, has been able to halt, let alone   
   reverse, the ever-growing inequality. And now the Chinese economy is a   
   remarkable 22% larger.In 2010, China surpassed the United States in the   
   generation of electricity. During    
   the period from 2016 – 2022, the Chinese economy was supposedly making no   
   progress compared with the U.S. but in reality, throughout that time, it saw a   
   45% increase in power generation, while the US saw essentially stagnant   
   growth. Read my related    
   article: In China, the Communist Party is saving capitalism. — One of   
   countless pieces of information that the media withholds or misrepresents.The   
   focus of every recent item in the mainstream Western media in China was its   
   economic issues. As things    
   stand, China’s economy is still growing—and expanding more quickly than   
   that of the US and the rest of the West. As with any economy, China   
   undoubtedly faces its fair share of challenges, but the balance of economic   
   power is still moving in its favor.   
    The treatment of the impoverished is one area where American and Chinese   
   capitalism differ significantly.Neither China nor the U.S. acknowledge this   
   shift in global economic power. The author of the article in Britain’s   
   leading economic and financial    
   newspaper wrote: “Coming from the United Kingdom which lost its economic   
   gold status in the late 19th century which still has some delusions of   
   grandeur I can understand American denialism. For China, it is also easier to   
   avoid responsibilities for    
   climate change, debt relief, and other global goodsâ€� if it still can keep a   
   lesser status. He concludes that false comparisons lead to flawed decisions   
   which ultimately will be made at America’s expense. It is the rise of China   
   over the last 30    
   years that has changed the global economic landscape and captivated other   
   economies. The US-led collective West cannot reverse this, no matter how many   
   resources it wastes on efforts to do so. Gordon G. Chang is often portrayed in   
   the American mainstream    
   media as a preeminent “expertâ€� on China. China must rejoice at his lack of   
   judgment, for it confirms Sun Tzu’s strategic principle of pretending to be   
   inferior (å   
   ‘則驕之) or allowing others to pretend to be inferior while fueling the   
   hubris of    
   US adversaries at their expense. (Screenshot New York Times)The worst is still   
   to come for the misguided Americans who have spent decades being brainwashed   
   into thinking they live in God’s own country, the best country in the world,   
   and that they and    
   their nation are unique.Given that Chinese per capita income is currently far   
   lower than that of Americans, the country’s economy has enormous unrealized   
   potential to grow to be far larger than America’s.The average disposable   
   income of the Chinese    
   in 2022 was 36,883 yuan (USD 5,153), compared to the average disposable income   
   of Americans of USD 15,126, i.e. around three times as high.Apart from the   
   considerable risks posed by high levels of debt and other structural   
   weaknesses, the American    
   economy is largely saturated. Unlike the US, China’s economy can still take   
   a big leap forward, or rather, upward, thanks to its sound public finances,   
   lack of need to fund expensive wars, and 800 military bases worldwide. My   
   American friends, the era    
   of US global hegemony has come to an end. This is evident. Prepare for the   
   major transition.				Posted in Complementary NewsTagged America, China,   
   delusion of grandeur, denialism, economic war, economy, embargo, expensive   
   wars, Gordon G. Chang, growth,    
   purchasing power parity, sanctions, size, USA   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)