XPost: talk.politics.misc, alt.russian.z1, alt.politics   
   From: os333@netc.eu   
      
   >  birchgold.com   
   >   
   > .. The GDP Illusion ..   
      
   Indeed, the GDP concept gives rise to certain dubiousnesses.   
      
   Read here . Enlightening message,   
   posted in 2018. It explains, in particular, why the malevolent   
   Atlanticist effort to strangle Russia economically won't work.   
      
   Yet one more controversial-ness is related to comparison of   
   national GDPs converted to one currency unit. Exchange rate of   
   national currencies is being defined via international trade.   
   If the volume of a nation's foreign trade is small compared to   
   the entire economy, then the exchange rate educed through   
   the foreign trade can'T be applied to the whole economy (while   
   it still remains relevant for international trade).   
      
   An analogy with stock trading: if turnover of transactions is   
   significantly less than the total volume of the issuer's   
   securities, then one cannot be sure it would be possibe to buy   
   a big quantity of the securities at the currently established   
   exchange price.   
      
   A simplistic mathematical analogy: one can not be sure that a   
   function has been extrapolated well if only a small portion of   
   the function's domain is used for extrapolation.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)