Watch 35 Years of the World’s Economy Evolving as a Living Organism

Here are the key points that this diagram has taught us:

  • History doesnt go in a straight line: for many countries (including the US), the last 35 years have been an economic rollercoaster ride. Another example is Japan, which reached a peak of 17.6% of the global economy in 1994, but now stands at just 6%.

  • The global economy actually moves in waves: over the years, recessions in the US have impacted the entire global economy. For instance, rising US interest rates from 1986-1989 and an oil price shock in 1990 briefly slowed economic growth in the US. Also, the year 2001 saw the dot-com bubble burst and 9-11 attacks, which ended a decade of economic growth. But it was the Great Recession from 2007-2009 that had the biggest impact, causing the US and European economies to slow while emerging countries (mostly in Asia) continued to gather steam.

  • While off its peak, the US remains the most dominant single economy, representing almost one-quarter (22.5%) of the world’s GDP — equivalent to the Europe’s share.

  • China’s economy has skyrocketed, growing from a relatively small economy in 1980 (2.8% of global GDP) to the second-largest economy today (13.4% of global GDP).

  • In terms of GDP, Asia is the new Europe — Asia’s current share of the global economy is roughly equivalent to Europe’s in 1980 (32%).


5
Leave a Reply

avatar
  Subscribe  
Notify of
Westcoaster
Westcoaster

Yes, but Asia lies about their output numbers and debt, so who the hell really knows?

AnthonyHargis

Of course, IT’S ALL FANTASY.
The “fairy tale” begins with a very dignified mask, “GDP”.
This index supposedly measures a country’s production of new capital; “supposedly” is the key word.
Societies across the globe have been destroying capital over the last 70 – 100 years, while all observers believed the process was an example of production of capital.
This destruction is/was disguised by one simple word, “investment”.
For our purposes, “investments”, mean, money put in “plant, machinery or software”. And what makes this so alarming is that this is a component of the so-called Gross Domestic Product, regardless of territory.
The money and resources expended on such investments are no longer available to anyone else. They are entered on accounting ledgers as delayed expenses, with the anticipation that they will be “expensed” (or recovered) annually over the next 5-30 years.
In other words, the money and resources represented by such investments are lost forever – unless the business in question can recover such money and resources over those 5-30 years.
If ineptitude or lack of foresight intervene, the “delayed expense” is converted to a charge against profit/income: a massive write-off of capital.
Then there is the GDP component of government spending, which represents money spent on toilet seats, munitions and attendant bribery that will never be seen again – except what is stashed in off-shore banks… and that as a minus.
These two components mean that, fully, 35% of the US GDP index is pure fluff.
This is the conclusion I reached by examining data, assumptions and formulas provided by the US Treasury, Federal Reserve and other sources. There is more: street gangs and drug cartels, the federal government’s – and China’s – role in arming, protecting and forming alliances with such gangs and cartels… and a dozen or so other items. They all point to a conclusion that a vast operation is being perpetrated… I began this Part 2 (of my examination) with the question, ‘What financial shock do Judeo-Bolsheviks plan?’ (Part one (https://redressone.wordpress.com/cct/) and Part two (https://redressone.wordpress.com/cct2/) Do they plan to inflate the dollar to zero… push stocks to a PE ratio 300, then slam them to a ratio of single digits or even minus numbers… repudiate the federal debt… replace Federal Reserve bank notes with Treasury bank notes…?’ And, how do China’s ghost cities (numerous examples of “delayed expenses”) fit into this unprecedented operation?
And, do Judeo-Bolsheviks plan a kind of chemical warfare against America? And is the pathogen know as Endocrine Disruptors; which is present almost everywhere in the American environment? It would be a most insidious agent; for, it mainly attacks the hormonal system of human beings; leading to feminization of men and masculinaztion of women, birth defects and many other adverse results. Such an agent would be ideal; for, it destroys human beings and leaves property unaffected and available to redeem vast amounts of US Treasuries held by China, Japan, Oil Exporters, Caribbean Banking Centers (where US congressman have stashed their loot).
Consider all these government-provided facts and you see that throwing resources at “investments” (regardless of their disguise) is a kind of insanity that will inexorably usher in the next Dark Age – with a duration five times longer than the previous one, owing to the “monetization” (by central banking) of such “investments” beyond counting.
In other words, if popular perception of China (and any other country) is a solid sphere, the reality is little more than a balloon, with nothing but air inside.

Araven
Araven

AnthonyHargis,

While the GDP of each country is at least partially fiction I do believe that seeing the relative GDPs of the countries like this does give us at least some insight into how they view themselves relative to each other (so thank you Admin for posting this!).

One very big thing that appears to be missing from your analysis of capital and GDPs is derivatives. While they are not considered capital and therefore part of the GDP, they are “investments” comprising a huge amount of vaporware “wealth” (more than the GDPs themselves) that can and is used to manipulate all kinds of things, including various GDPs.

You mentioned the Chinese ghost cities. H. Richard Austin has some interesting ideas about what China is up to. He claims to have inside information (from a US spy who worked in China), but I have no way to validate his claims:

http://www.thecomingofarmageddon.com/index.html

Wip
Wip

@Westcoaster

And? The US and every other country doesn’t lie?

@AnthonyHargis

What?

Wip
Wip

What affect will the TPP have on this?

Discover more from The Burning Platform

Subscribe now to keep reading and get access to the full archive.

Continue reading