Tuesday, July 1, 2025

Interesting

 


11 comments:

  1. Or, "USA", China, all others.....

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  2. That doesn't even include Alaska. Split it in half and Texas would still be the 3rd largest state in the Union

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  3. How does debt work in that scenario?

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  4. Neat trick. 13+10+28=51 Did we annex Alberta already?

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  5. totally whacked graphic

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  6. That's a very good graphic if you want to see how big, 'big' actually is.

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  7. On a PPP basis, the rankings are (1) China, (2) India, (3) US, (4) Russia, (5) Japan.

    The Chinese industrial sector is at least twice the size of the US’ and much more modern. The Russian industrial sector is almost as big as the US’.

    70% of the American economy is in services, which merely redistributes wealth created in the other sectors.

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    1. Exactly. Measuring GDP in $ is misleading.
      People also don't realize that China's exports to the US represent only 15% of their total exports.

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    2. FTR, Germany comes in at only about 1/8th the size of the US economy (If the US were a person, Germany would be a lower leg), and at #13, behind Brazil and just ahead of Spain, is Russia.
      Which entire country has a GDP larger than Florida, but well behind any of California, Texas, or even NYFS, by themselves.

      Reinforcing that they are Mexico, but with nuclear weapons, on their best day.

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    3. from Grok:
      Mississippi: Nominal GDP per capita in Q3 2024 is approximately $52,985, with an RPP of 87.3 (lower cost of living). Adjusted: $52,985 ÷ (87.3/100) ≈ $60,714 (PPP). This is very close to Germany's $63,155, suggesting that Mississippi's per capita economic output, when adjusted for purchasing power, rivals that of Germany, one of Europe's largest economies.

      West Virginia: Nominal GDP per capita is about $56,693, with an RPP of 88.1. Adjusted: $56,693 ÷ (88.1/100) ≈ $64,350 (PPP), slightly above Germany’s figure.
      Comparison: Even the poorest U.S. states like Mississippi and West Virginia have PPP-adjusted GDP per capita values comparable to or slightly exceeding Germany’s, highlighting the high purchasing power in the U.S., even in its economically weaker regions.

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  8. In the 1990s, when the European Union was formed, the U.S. and the EU had roughly the same economic output. Today, the U.S. economy is about 1.5 times larger than that of the EU — a clear indication of how the system we've built has disproportionately benefited America.

    To put it into perspective: Germany, the largest economy in Europe, would rank near the bottom of U.S. states in terms of GDP if it were part of our union. That’s how dominant the U.S. has become in the global economy.

    This didn’t happen by accident. Over decades, we built an international economic order — with the U.S. at its center — that supported open markets, strong alliances, and multilateral institutions. We reaped the lion’s share of the benefits: from investment flows and innovation to global reserve currency status and trade advantages.

    Now, Donald Trump is actively dismantling that system. Through trade wars, tariffs, and alienation of long-standing allies, he is burning down the very architecture that made the U.S. the global economic leader.

    Trump has convinced many that our allies and trading partners have been taking advantage of us. The truth is the opposite: we built the rules, we set the terms, and we’ve profited immensely. Tearing it all down without a clear replacement is not strategy — it’s sabotage.

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