I suspect that guy can't do math....
Because I'm rereading the IMF Oct2014 report now... and that's not at all what it's predicting:
http://www.imf.org/external/pubs/ft/weo ... f/text.pdf

Predictions for China are a 7.4% increase over 2013... 2013 was $9.24T which would leave them just under $10T. Predictions for 2015 slow down to 7.1% if you were wondering.

Predictions for the US are 3% increase over 2013... 2013 was $16.8T which would leave them at just over $17T. Predictions for 2015 are a maintained 3%.

This means in 2015 we would see, per these predictions, China at $10.7T and USA at $17.5T.

In fact, to get to the numbers he's quoting that would be over a 90% growth from 2013... completely unrealistic in every sense. Almost a full doubling of an economy that size... unheard of.

I wish I had his direct source on that, an Econ prof shouldn't make such errors.

OrangeDragon wrote:http://www.imf.org/external/pubs/ft/weo ... f/text.pdf

TL;DR.

Actually I did download it, but more out of curiosity to see if you were actually reading a report from International Minister's Fellowship... imagine my disappointment.

Good find Takeoman! The guy has the credentials , did his research and has insight unlike others who will be nameless. One short article says it all on the decline and fall of the American Empire. At the core are greedy self centered elites. While China does have its elites, controls its judicial system with an iron hand, and doesn't have one attorney for every 365 citizens like America, it also has the willing man power to generate a dynamic economy, where America has lost that. One example is the "Rust Belt" in America, and there are many others.

".....the more public provisions are made for the poor, the less they provide for themselves"
".... I affirm that there is no country in the world in which the poor are more idle, dissolute, drunken and insolent"
Benjamin Franklin
(One of Americas founding fathers , in more ways than one.)

"When getting into bed with the government, one must expect the diseases it spreads"
" Don't steal-the government hates competition"
"Truth is treason in the empire of lies"
Ron Paul
Doctor, Congressman and Patriot

Sailorman wrote:Good find Takeoman! The guy has the credentials , did his research and has insight unlike others who will be nameless.

See... this is you talking out your ass again. He's either been misquoted or made a drastic mistake. That article cites a 17.6T GDP... China's Q3 GDP has already been announced at 6.84T. That means they would have to bring in almost 11 trillion dollars in the next 3 months to hit that mark. C'mon...

More of you just agreeing with something unquestioningly because you like what it says... truth or fiction.

From Beijing's own mouth:

On a quarterly basis, GDP in the third quarter was 1.9 percent larger than that in the April-June period, according to the NBS.

For the first nine months, the GDP rose 7.4 percent year on year to reach 42 trillion yuan (6.84 trillion U.S. dollars).

http://news.xinhuanet.com/english/china ... 731820.htm

[EDIT: I just sent the author a tweet asking for clarification... we'll see what he says.]

"Los Angeles and Ho Chi Min City have declared themselves sister cities. It makes sense: They are both third world metropolises formerly occupied by Americans."
Jeff Cooper

Jeff does have a way with words and it reflects America as a whole. (or now hole)

Sailorman wrote:"Los Angeles and Ho Chi Min City have declared themselves sister cities. It makes sense: They are both third world metropolises formerly occupied by Americans."
Jeff Cooper

Jeff does have a way with words and it reflects America as a whole. (or now hole)

Was that in reference to the number of Mexicunts* in LA?



*I have nothing against Mexicans, I just like this word.

Illegal Mexicans and South Americans YES, The legal, hard working, family centered Americans of Mexican and Central American decent, NO.

Thought I'd throw this Syrian article in for comments as it is quite interesting:

“The Golden Trap of Chess Master Vladimir Putin”

By Dmitry Kalinichenko for Investcafe.ru


From
the real SyrianFreePress Network

https://syrianfreepress.wordpress.com/2 ... en-trap-1/

The Swiss just had an election regarding whether they should require their banks to buy huge amounts of gold and then store it in a vault where it could never be sold. They rightly realized that requiring banks to do this was like flushing capital down the drain, since the stored gold would be virtually worthless to the bank or the economy. In order to have gold have any value, you have to be willing and able to both buy and sell, speculate as you will.

Now on to Putin and Russia. Russia is simply trading one commodity for another, oil for gold. This will do nothing to support the ruble against other currencies and takes resources that could be better spent rebuilding their infrastructure, manufacturing, and economy. The reason Putin is buying gold instead of keeping the dollars or euros he gets for selling oil, is that he is afraid that more sanctions will be slapped on them in the future, precluding him from withdrawing his "deposits". So the trap is really on Putin, he is trapped into buying oil, putting addition stress on their investments and economy.

In order to support the ruble Russia has to buy them, either with gold or dollars or euros. Instead, he is buying gold, putting it into a vault, which just like the Swiss banks, is useless for actual investments in business or infrastructure. It is a loosing proposition for Russia and unfortunately for the Russian people.

The real unfortunate thing for Russia is that the U.S. rather than trying to undermine Russia, just really doesn't think that much about Russia. Other than some European countries which rely on their natural gas, and a few rare earths, there is nothing that Russia provides that cannot be obtained elsewhere. Unlike China, economically Russia is simply an unimportant country.

This loading up on gold, rather than building up their economy is a trap Putin has fallen into, and I think he as no idea how to get out. The best thing for Russia would be in integrating its economy with the rest of Europe and investing in its own economy. But Putin has chosen instead to put Russia's limited earnings into gold instead. Hard to see how this will help Russia in the future.

The rest of the world can get along fine without Russia, but Russia cannot progress as long as it is isolated from the world economy. I fear there are hard times ahead for Russia, and the most dangerous bear is a hungry one.