User Tag List

+ Reply to Thread
Page 4 of 7 FirstFirst 1234567 LastLast
Results 31 to 40 of 70

Thread: The End of Days Is Coming Fast and Itís Ugly

  1. #31
    Points: 50,320, Level: 54
    Level completed: 82%, Points required for next Level: 330
    Overall activity: 89.0%
    Achievements:
    1 year registeredSocial50000 Experience Points
    carolina73's Avatar Senior Member
    Karma
    16370
    Join Date
    Sep 2019
    Posts
    20,146
    Points
    50,320
    Level
    54
    Thanks Given
    18,438
    Thanked 16,362x in 10,501 Posts
    Mentioned
    68 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by PJL View Post
    ...Is that why the communists in China have lifted more people out of poverty than the whole population of the US ? ....(lol)....the US brand of corrupt capitalism is slowly becoming the US style of feudalism.

    Actually no, China has not. China uses a very low poverty line. The average annual earnings in China is below the US poverty line for an individual.

    This is when you scream cost of living but then you have to explain currency exchange rates and how China manipulates them.

    Of course we do know that China has made strides but only by using capitalist style market techniques and while depending on capitalist countries to buy their under priced exports based on deflated currency.

  2. #32
    Points: 41,696, Level: 49
    Level completed: 91%, Points required for next Level: 154
    Overall activity: 36.0%
    Achievements:
    1 year registered25000 Experience Points
    PJL's Avatar Senior Member
    Karma
    898
    Join Date
    Jan 2019
    Posts
    8,495
    Points
    41,696
    Level
    49
    Thanks Given
    89
    Thanked 888x in 762 Posts
    Mentioned
    153 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Peter1469 View Post
    Except: China's GDP is pretty impression. ~70% of the US's GDP. Second largest in the world. But what about China's per-capita GDP? By this measure China ranks 59th in the world. In Purchasing Power Parity (PPP) China ranks 73rd. That is third world status. This meshes with what I have long said: China is two nations- one wealthy- along the coast and major rivers. And one very poor- the rest of the nation.
    Mathematical hogwash . The picture you want to paint is determined by how you use the numbers .......for instance , subtract the US one-percenters out of the equation , and America is a third world country......and the trend is not heading in a positive direction.

  3. #33
    Original Ranter
    Points: 666,993, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 58.0%
    Achievements:
    SocialCreated Album picturesOverdrive50000 Experience PointsVeteran
    Awards:
    Posting Award
    Peter1469's Avatar Advisor
    Karma
    459476
    Join Date
    Jun 2011
    Location
    NOVA
    Posts
    194,837
    Points
    666,993
    Level
    100
    Thanks Given
    126,167
    Thanked 110,460x in 71,880 Posts
    Mentioned
    2397 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by PJL View Post
    Mathematical hogwash . The picture you want to paint is determined by how you use the numbers .......for instance , subtract the US one-percenters out of the equation , and America is a third world country.
    Not based on per capita GDP or purchasing power parity.
    ΜOΛΩΝ ΛΑΒΕ


  4. The Following User Says Thank You to Peter1469 For This Useful Post:

    carolina73 (04-06-2021)

  5. #34
    Points: 96,369, Level: 75
    Level completed: 63%, Points required for next Level: 981
    Overall activity: 35.0%
    Achievements:
    Tagger First ClassSocial50000 Experience PointsVeteran
    stjames1_53's Avatar Senior Member
    Karma
    49402
    Join Date
    Apr 2016
    Posts
    35,919
    Points
    96,369
    Level
    75
    Thanks Given
    69,785
    Thanked 20,420x in 14,365 Posts
    Mentioned
    127 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by PJL View Post
    Mathematical hogwash . The picture you want to paint is determined by how you use the numbers .......for instance , subtract the US one-percenters out of the equation , and America is a third world country.
    ^^CCP sympathizer^^^
    For waltky: http://quakes.globalincidentmap.com/
    "The Nation that makes a great distinction between its scholars and its warriors will have its thinking done by cowards and its fighting done by fools."
    - Thucydides

    "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote" B. Franklin
    Igitur qui desiderat pacem, praeparet bellum

  6. #35
    Points: 41,696, Level: 49
    Level completed: 91%, Points required for next Level: 154
    Overall activity: 36.0%
    Achievements:
    1 year registered25000 Experience Points
    PJL's Avatar Senior Member
    Karma
    898
    Join Date
    Jan 2019
    Posts
    8,495
    Points
    41,696
    Level
    49
    Thanks Given
    89
    Thanked 888x in 762 Posts
    Mentioned
    153 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Peter1469 View Post
    Not based on per capita GDP or purchasing power parity.
    Take out the one-percenters and the billionaire class and your PPP drops through the floor boards. What percentage rely on food stamps , welfare and current wage stimulus ? China's population is almost 5 times the US , so what they've done and continue to do , impresses me - you can please yourself .
    Last edited by PJL; 04-06-2021 at 01:30 PM.

  7. #36
    Original Ranter
    Points: 666,993, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 58.0%
    Achievements:
    SocialCreated Album picturesOverdrive50000 Experience PointsVeteran
    Awards:
    Posting Award
    Peter1469's Avatar Advisor
    Karma
    459476
    Join Date
    Jun 2011
    Location
    NOVA
    Posts
    194,837
    Points
    666,993
    Level
    100
    Thanks Given
    126,167
    Thanked 110,460x in 71,880 Posts
    Mentioned
    2397 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by PJL View Post
    Take out the one-percenters and the billionaire class and your PPP drops through the floor boards.
    No it doesn't. In fact in the US, the middle class spends far more on goods and services that the rich. Even our poor spends more on goods and services than most other nations' poor.

    Comparing Nations' Purchasing Power Parity

    To make a meaningful comparison of prices across countries, a wide range of goods and services must be considered. However, this one-to-one comparison is difficult to achieve due to the sheer amount of data that must be collected and the complexity of the comparisons that must be drawn. To help facilitate this comparison, the University of Pennsylvania and the United Nations joined forces to establish the International Comparison Program (ICP) in 1968.1
    





    With this program, the PPPs generated by the ICP have a basis from a worldwide price survey that compares the prices of hundreds of various goods and services. The program helps international macroeconomists estimate global productivity and growth.2
    





    Every few years, the World Bank releases a report that compares the productivity and growth of various countries in terms of PPP and U.S. dollars.3 Both the International Monetary Fund (IMF) and the Organization for Economic Cooperation and Development (OECD) use weights based on PPP metrics to make predictions and recommend economic policy.4 The recommended economic policies can have an immediate short-term impact on financial markets.



    Also, some forex traders use PPP to find potentially overvalued or undervalued currencies. Investors who hold stock or bonds of foreign companies may use the survey's PPP figures to predict the impact of exchange-rate fluctuations on a country's economy, and thus the impact on their investment.
    ΜOΛΩΝ ΛΑΒΕ


  8. The Following User Says Thank You to Peter1469 For This Useful Post:

    stjames1_53 (04-06-2021)

  9. #37
    Points: 96,369, Level: 75
    Level completed: 63%, Points required for next Level: 981
    Overall activity: 35.0%
    Achievements:
    Tagger First ClassSocial50000 Experience PointsVeteran
    stjames1_53's Avatar Senior Member
    Karma
    49402
    Join Date
    Apr 2016
    Posts
    35,919
    Points
    96,369
    Level
    75
    Thanks Given
    69,785
    Thanked 20,420x in 14,365 Posts
    Mentioned
    127 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by PJL View Post
    Take out the one-percenters and the billionaire class and your PPP drops through the floor boards. What percentage rely on food stamps , welfare and current wage stimulus ? China's population is almost 5 times the US , so what they've done and continue to do , impresses me - you can please yourself .
    we know. Just the mention of the CCP gets you all giddy................
    For waltky: http://quakes.globalincidentmap.com/
    "The Nation that makes a great distinction between its scholars and its warriors will have its thinking done by cowards and its fighting done by fools."
    - Thucydides

    "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote" B. Franklin
    Igitur qui desiderat pacem, praeparet bellum

  10. #38
    Points: 41,696, Level: 49
    Level completed: 91%, Points required for next Level: 154
    Overall activity: 36.0%
    Achievements:
    1 year registered25000 Experience Points
    PJL's Avatar Senior Member
    Karma
    898
    Join Date
    Jan 2019
    Posts
    8,495
    Points
    41,696
    Level
    49
    Thanks Given
    89
    Thanked 888x in 762 Posts
    Mentioned
    153 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by stjames1_53 View Post
    ^^CCP sympathizer^^^
    I don't think China is interested in sympathy from me or anyone else....(lol)

  11. #39
    Points: 41,696, Level: 49
    Level completed: 91%, Points required for next Level: 154
    Overall activity: 36.0%
    Achievements:
    1 year registered25000 Experience Points
    PJL's Avatar Senior Member
    Karma
    898
    Join Date
    Jan 2019
    Posts
    8,495
    Points
    41,696
    Level
    49
    Thanks Given
    89
    Thanked 888x in 762 Posts
    Mentioned
    153 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by stjames1_53 View Post
    we know. Just the mention of the CCP gets you all giddy................
    I don't have a chip on my shoulder to deal with , like you.....and unlike you , I have the freedom to give credit where I think it's due , without becoming an out cast in my own country ....(lol)

  12. #40
    Points: 96,369, Level: 75
    Level completed: 63%, Points required for next Level: 981
    Overall activity: 35.0%
    Achievements:
    Tagger First ClassSocial50000 Experience PointsVeteran
    stjames1_53's Avatar Senior Member
    Karma
    49402
    Join Date
    Apr 2016
    Posts
    35,919
    Points
    96,369
    Level
    75
    Thanks Given
    69,785
    Thanked 20,420x in 14,365 Posts
    Mentioned
    127 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by PJL View Post
    I don't think China is interested in sympathy from me or anyone else....(lol)
    So, you give them your support for human rights violations......gotcha
    Hold on!!!!! Nike just placed another order for tennis shoes...................
    WE NEED MORE PRISONERS!!!!!!
    For waltky: http://quakes.globalincidentmap.com/
    "The Nation that makes a great distinction between its scholars and its warriors will have its thinking done by cowards and its fighting done by fools."
    - Thucydides

    "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote" B. Franklin
    Igitur qui desiderat pacem, praeparet bellum

+ Reply to Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts