compare manufacturing output, imports and exports of
the biggest world economies.
In this way, we can begin to make people realise that
the US is a balloon economy.
US vs block of 3 (Germany, China, Japan)
GDP - 14.5 trillion = 3.3, 6, and 5 trillion
car production: 8.7 million vs 33 million
steel production: 85 million tons vs 835 million tons
mobile use- 1:5 ratio
exports- 1.5 trillion vs 4 trillion
the rest of US GDP is
government spending and private consumption (70%)
China provides the debt, to buy its products, and so it is also a bubble.The Chinese will be better able to survive the Depression which is
coming, because they have a recent history of poverty.
The US will get a rude awakening, very soon.
I think I'm going to enjoy comparing life in the US middle class
(of the past) and what they wasted and did and thought, with
Greece and other countries who have suffered horribly,
in the recent past.
On the geopolitical stage, things are also going East.
The US is trying to hem in China by sea and by cutting off
oil supplies. China is not responding, but will play rope-a-dope
and wait for the US to fall on its face.
Regarding Africa, China is educating and developing African
economies in a way that the British, American and other Western
mercantilists will never do. I don't care how many fair trade
coffee and banana companies there are. Westerners don't
care about fair trade and aleviating poverty.
F%^&k Oxfam. Enter China.
let's cut to the video:
