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Date: | Sun, 7 Dec 2014 06:04:53 -0800 |
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Burama,
No I did not miss your point, but whenever you are ready we will buy your ticket. It seems that you do not understand the metrics you are quoting. I am actually looking at the implications of China's monetary policy not on the U.S, but on developing countries, hence my dakar double talon example. You are confusing yourself with output/GDP and PPP. To your long standing measure comment, what are you on about my friend? When the imf and world bank talk about the world's largest economies, they are using the PPP measure (big mac index), which is flawed in the case of China because of their currency policy. The mechanism (ICP) used to capture this data only does so using exchange rates and not market rates, so anyone can claim largest economy status by manipulating their currency and by not playing by international trade rules. Hadn't it been that no one takes our village idiot seriously, he also would have been able to claim largest economy
status because he recently adopted a similar currency policy to deceive people. But go back to your data source and look, China is nowhere near the U.S in terms of GDP.
Of course, I take nothing away from China's economic achievements, but please try to contextualize a bit when comparing China to the U.S.
Thanks,
Matarr
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