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RE: Germany: "Europe must go own way" after ... - 5/29/2017 6:40:13 PM   
Musicmystery


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quote:

ORIGINAL: Termyn8or

Aid ? HA.

I don't see a downside here.

I bet if Clinton did it you would all cheer. That is now my opinion of liberals/democrats after all your inane posts on Trump. So, the shoe appears to fit and liberals now wear it. Wear it with pride, see you in 2020.

T^T

Well, you'd be wrong, and your opinion widely off the mark.

(in reply to Termyn8or)
Profile   Post #: 21
RE: Germany: "Europe must go own way" after ... - 5/29/2017 6:45:56 PM   
Musicmystery


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quote:

ORIGINAL: tj444


quote:

ORIGINAL: Musicmystery

http://www.investopedia.com/articles/investing/022415/worlds-top-10-economies.asp


From your link-
"However, the U.S. economy loses its spot as the number one economy to China when measured in terms of GDP based on PPP. In these terms, China’s GDP is $21.3 trillion and the U.S. GDP is $18.5 trillion. However, the U.S. is way ahead of China in terms of GDP per capita (PPP) – approximately $57,294 in the U.S. versus $15,423 in China."

The US is stagnating, you dont want immigrants, you arent having kids, the US has ceased to be a growing market & incomes havent increased in real terms in decades, debt is rampant, you arent buying stuff anymore & its only the rich that are benefiting.
Countries like China, India, etc are developing and that is where the growth is now and will continue for decades in the future.. Their incomes are increasing, increasingly they are buying stuff & building, they will have the economic clout..
Trump & his protectionist BS is bad for the US but he/that is what America voted for... and y'all will vote him back in again in 4 years, just like you did Bush (which cost the US trillions for the illegal Iraq war & the 2008 recession/bail out)... What is it they say about history repeating? I think that if Trump doesnt start a major war (his tiny fingers are itching to shoot off those nukes), that would be a miracle.. but even if he doesnt, imo debt will increase massively under him and many Americans will suffer badly.. (but the rich will continue to get richer)..


http://www.pwc.com/world2050#keyprojections


Maybe. China is certainly growing.

But currently, US GDP is 18.5 trillion, with China second at only $11.3 trillion.

And that's less than 5% of the world population earning 24% of global GDP.

As for PPP, nothing stopping us from buying in foreign markets. Parity resolved.


(in reply to tj444)
Profile   Post #: 22
RE: Germany: "Europe must go own way" after ... - 5/29/2017 8:09:14 PM   
Edwird


Posts: 3558
Joined: 5/2/2016
Status: offline 		320 million Americans, arguably the most diverse country in the world, and we all think alike, never forget.

But that's just our 'smartest country in the world' Canadian and ever so grateful tj44.

All there is for it;

The Girl Can't Help It



< Message edited by Edwird -- 5/29/2017 8:15:39 PM >

(in reply to tj444)
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RE: Germany: "Europe must go own way" after ... - 5/29/2017 11:21:50 PM   
tj444


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quote:

ORIGINAL: Edwird

320 million Americans, arguably the most diverse country in the world, and we all think alike, never forget.

But that's just our 'smartest country in the world' Canadian and ever so grateful tj44.

All there is for it;

The Girl Can't Help It




I didnt compile the stats, studies and facts that seem to offend you so much,.. in response all you do is throw personal insults.. I am not stupid enough to respond in kind, you wont get a rise from me at all or bait me into a flame war.. while its quite amusing that it gets so easily under your skin like that (just like yer great leader Trump), your posts are boring and a waste of my time so I am blocking you.. so troll me all you want..

_____________________________

As Anderson Cooper said “If he (Trump) took a dump on his desk, you would defend it”

(in reply to Edwird)
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RE: Germany: "Europe must go own way" after ... - 5/30/2017 12:05:41 AM   
Dvr22999874


Posts: 2849
Joined: 9/11/2008
Status: offline 		I wonder if Europe will find it has less of a beef with China than it has with the U.S and that makes me wonder again how the trade would go ? China is no great threat to Europe and would be a useful ally against Russia and as a trading partner, there would surely be a lot of billions involved. That would then leave the U.S. being gradually eased out into the cold and Trump would have his wish of separatism again maybe ? Just a thought but worth tossing around surely ?

(in reply to tj444)
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RE: Germany: "Europe must go own way" after ... - 5/30/2017 12:10:36 AM   
tamaka


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quote:

ORIGINAL: Dvr22999874

I wonder if Europe will find it has less of a beef with China than it has with the U.S and that makes me wonder again how the trade would go ? China is no great threat to Europe and would be a useful ally against Russia and as a trading partner, there would surely be a lot of billions involved. That would then leave the U.S. being gradually eased out into the cold and Trump would have his wish of separatism again maybe ? Just a thought but worth tossing around surely ?



Sure. That sounds good. Go for it. Lol... How many Walmarts can Europe handle?

(in reply to Dvr22999874)
Profile   Post #: 26
RE: Germany: "Europe must go own way" after ... - 5/30/2017 12:11:36 AM   
Dvr22999874


Posts: 2849
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Status: offline 		Is that the only thing that China exports ?

(in reply to tamaka)
Profile   Post #: 27
RE: Germany: "Europe must go own way" after ... - 5/30/2017 12:12:50 AM   
Dvr22999874


Posts: 2849
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Status: offline 		I thought they maybe made cars and a few other little items. I could be wrong on that though, so that's why I put my bit in as a question rather than a statement

(in reply to Dvr22999874)
Profile   Post #: 28
RE: Germany: "Europe must go own way" after ... - 5/30/2017 1:19:51 AM   
susie


Posts: 1699
Joined: 11/21/2004
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quote:

ORIGINAL: tamaka


quote:

ORIGINAL: Dvr22999874

I wonder if Europe will find it has less of a beef with China than it has with the U.S and that makes me wonder again how the trade would go ? China is no great threat to Europe and would be a useful ally against Russia and as a trading partner, there would surely be a lot of billions involved. That would then leave the U.S. being gradually eased out into the cold and Trump would have his wish of separatism again maybe ? Just a thought but worth tossing around surely ?



Sure. That sounds good. Go for it. Lol... How many Walmarts can Europe handle?


Why would Europe want any? You can keep them,

(in reply to tamaka)
Profile   Post #: 29
RE: Germany: "Europe must go own way" after ... - 5/30/2017 1:25:45 AM   
Dvr22999874


Posts: 2849
Joined: 9/11/2008
Status: offline 		VERY true Susie and that goes for Australia too. Europe would surely have some trading muscle, even with a country like China and who knows where that trade may lead ? .......................until of course, China gets a president like Trump I guess. Ah well, I guess we shall see.

(in reply to susie)
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RE: Germany: "Europe must go own way" after ... - 5/30/2017 2:08:46 AM   
WickedsDesire


Posts: 9362
Joined: 11/4/2015
Status: offline 		I totally expect the Germans will tool up again
https://en.wikipedia.org/wiki/Fourth_Reich

Population of the EU 750 million subtract 5 million handsome Scottish jackals and 60 million English jackals



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(in reply to Dvr22999874)
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RE: Germany: "Europe must go own way" after ... - 5/30/2017 2:21:10 AM   
blnymph


Posts: 1600
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quote:

ORIGINAL: susie


quote:

ORIGINAL: tamaka


Sure. That sounds good. Go for it. Lol... How many Walmarts can Europe handle?


Why would Europe want any? You can keep them,


We had already in Germany. Walmarts failed and closed again. Not competitive.

(in reply to susie)
Profile   Post #: 32
RE: Germany: "Europe must go own way" after ... - 5/30/2017 4:21:57 AM   
WhoreMods


Posts: 10691
Joined: 5/6/2016
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quote:

ORIGINAL: Musicmystery


quote:

ORIGINAL: Termyn8or

Aid ? HA.

I don't see a downside here.

I bet if Clinton did it you would all cheer. That is now my opinion of liberals/democrats after all your inane posts on Trump. So, the shoe appears to fit and liberals now wear it. Wear it with pride, see you in 2020.

T^T

Well, you'd be wrong, and your opinion widely off the mark.

And just how extraordinary and unprecented would that be, eh?


_____________________________

On the level and looking for a square deal.

(in reply to Musicmystery)
Profile   Post #: 33
RE: Germany: "Europe must go own way" after ... - 5/30/2017 5:37:06 AM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
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quote:

ORIGINAL: Dvr22999874

I wonder if Europe will find it has less of a beef with China than it has with the U.S and that makes me wonder again how the trade would go ? China is no great threat to Europe and would be a useful ally against Russia and as a trading partner, there would surely be a lot of billions involved. That would then leave the U.S. being gradually eased out into the cold and Trump would have his wish of separatism again maybe ? Just a thought but worth tossing around surely ?


Yes, exactly. And with trade along the Pacific rim too.


quote:

ORIGINAL: Dvr22999874

Is that the only thing that China exports ?

Hardly.

- China was the United States' largest supplier of goods imports in 2016.

- U.S. goods imports from China totaled $462.8 billion in 2016, down 4.2% ($20.4 billion) from 2015, but up 60.8% from 2006. U.S. imports from are up 353% from 2001 (pre-WTO accession).

- The top import categories (2-digit HS) in 2016 were: electrical machinery ($129 billion), machinery ($97 billion), furniture and bedding ($29 billion), toys and sports equipment ($24 billion), and footwear ($15 billion).

- U.S. imports of agricultural products from China totaled $4.3 billion in 2016, our 3rd largest supplier of agricultural imports. Leading categories include: processed fruit & vegetables ($1.1 billion), fruit & vegetable juices ($328 million), snack foods ($213 million), fresh vegetables ($205 million), and tea, incl herb ($152 million).

- U.S. imports of services from China were an estimated $16.1 billion in 2016, 6.6% ($993 million) more than 2015, and 58.8% greater than 2006 levels. It was up roughly 350% from 2001 (pre-WTO accession). Leading services imports from China to the U.S., in 2015, were in the transport, travel, and research and development sectors.

- China's FDI in the United States (stock) was $14.8 billion in 2015 (latest data available), up 50.6% from 2014. China's direct investment in the U.S. is led by manufacturing, depository institutions, and real estate.

- Sales of services in China by majority U.S.-owned affiliates were $54.9 billion in 2014 (latest data available), while sales of services in the United States by majority China-owned firms were $4.8 billion.

~ Office of US Trade Representative

(in reply to Dvr22999874)
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RE: Germany: "Europe must go own way" after ... - 5/30/2017 8:43:57 AM   
tj444


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quote:

ORIGINAL: Musicmystery

Maybe. China is certainly growing.

But currently, US GDP is 18.5 trillion, with China second at only $11.3 trillion.

And that's less than 5% of the world population earning 24% of global GDP.

As for PPP, nothing stopping us from buying in foreign markets. Parity resolved.




Its a trend, one that will continue and grow.. and it wont happen overnight, of course..

so 5% of the world population earning 24% of the global GDP.. don't you mean the 1%??? Ask the average American if they feel rich.. especially if they are near retirement age with only 5k in the bank and still owing on their mortgage (if they even own a home).. Certainly not everyone is in that position.. but what about their kids & grandkids? all the costs are being pushed down the road onto them.. I know a few young couples that are having kids right now, so I wonder if they even think about that..

as far as buying in foreign markets, sure, isnt that what US multinational corps do? but that doesnt necessarily create wealth or jobs for Americans, depends on the products etc of course but those countries want those jobs in their country.. if the machines dont take them first.. while you can invest in emerging market stocks etc, imo people have a hard time investing in something so far away from them and what they know..



_____________________________

As Anderson Cooper said “If he (Trump) took a dump on his desk, you would defend it”

(in reply to Musicmystery)
Profile   Post #: 35
RE: Germany: "Europe must go own way" after ... - 5/30/2017 8:51:21 AM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
Status: offline 		Well, once you turn to subjective interpretation, we're back to data and facts don't matter.

If you want to put it in global terms, if you have a minimum wage job in the US, you are one of the wealthiest people in the world.

Median global income is around $10,000; global income per capita is around $15,000.

Worldwide, Median Household Income About $10,000 | Gallup
www.gallup.com/poll/166211/worldwide-median-household-income-000.aspx
Dec 16, 2013 - -- The median annual household income worldwide is $9,733, and the median per-capita household income is $2,920, according to new Gallup metrics. ... To calculate an internationally comparable household income measure, Gallup asked respondents in most countries the following question ...

Median GDP per capita: how much does the typical person earn in ...
https://www.givingwhatwecan.org/post/2016/05/giving-and-global-inequality/
May 25, 2016 - And, until recently, median GDP per capita were hard to come by. But a few months ago, the Centre for Global Development released median income/consumption estimates of countries around the world. ... In comparison, world GDP per capita is $14,971 (PPP) [6] - which is what everyone ...

(in reply to tj444)
Profile   Post #: 36
RE: Germany: "Europe must go own way" after ... - 5/30/2017 11:58:03 AM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
Status: offline 		71% of the world lives on less than $10/day;
93% earn less than $50/day -- roughly what a full time minimum wage job would pay in the US.

7% are "high income" -- anything over $50/day ($18,000/yr.).

Globally, we are a very wealthy country.

http://www.pewglobal.org/interactives/global-population-by-income/

(in reply to Musicmystery)
Profile   Post #: 37
RE: Germany: "Europe must go own way" after ... - 5/30/2017 12:37:53 PM   
tj444


Posts: 7574
Joined: 3/7/2010
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quote:

ORIGINAL: Musicmystery

Well, once you turn to subjective interpretation, we're back to data and facts don't matter.

If you want to put it in global terms, if you have a minimum wage job in the US, you are one of the wealthiest people in the world.

Median global income is around $10,000; global income per capita is around $15,000.

Worldwide, Median Household Income About $10,000 | Gallup
www.gallup.com/poll/166211/worldwide-median-household-income-000.aspx
Dec 16, 2013 - -- The median annual household income worldwide is $9,733, and the median per-capita household income is $2,920, according to new Gallup metrics. ... To calculate an internationally comparable household income measure, Gallup asked respondents in most countries the following question ...

Median GDP per capita: how much does the typical person earn in ...
https://www.givingwhatwecan.org/post/2016/05/giving-and-global-inequality/
May 25, 2016 - And, until recently, median GDP per capita were hard to come by. But a few months ago, the Centre for Global Development released median income/consumption estimates of countries around the world. ... In comparison, world GDP per capita is $14,971 (PPP) [6] - which is what everyone ...


"if you have a minimum wage job in the US, you are one of the wealthiest people in the world."

That may be technically true but income is only part of the equation for me, as far as how wealthy one is.. the other part is cost of living, how much of that income is left over (& what is it spent on?).. considering how many Americans depend on food stamps, section 8, etc or live in substandard conditions or are homeless, or living on credit cards.. add in each person's share of the government debt, as well.. that is also something I look at.. which is why I dont see the US as being as rich a country as stats suggest.. and that is what worries me...

_____________________________

As Anderson Cooper said “If he (Trump) took a dump on his desk, you would defend it”

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Profile   Post #: 38
RE: Germany: "Europe must go own way" after ... - 5/30/2017 12:53:58 PM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
Status: offline 		Seriously?

Yes, that I have over 10 times saved than the average American for retirement, more in real estate, is more important than my top 25% income. Granted. I could retire.

But to imply that perhaps these $2/day earners are sitting on wealth that compensates is ridiculous.

Show me the evidence of this wealth. Data, not vague opinions or speculations.

FFS.






< Message edited by Musicmystery -- 5/30/2017 1:01:15 PM >

(in reply to tj444)
Profile   Post #: 39
RE: Germany: "Europe must go own way" after ... - 5/30/2017 10:20:03 PM   
heavyblinker


Posts: 3623
Status: offline
quote:

ORIGINAL: Musicmystery
Well, once you turn to subjective interpretation, we're back to data and facts don't matter.

If you want to put it in global terms, if you have a minimum wage job in the US, you are one of the wealthiest people in the world.


Except wealth isn't about how much money you earn, it's about what you can do with the money.
A dollar in Indonesia or rural China can go a LOT further than a dollar in New York city.

You can actually buy a decent, relatively nutritious meal for about $3 in some parts of China.

True if you have enough saved you can retire in a place where you will feel wealthy, but you still have to get there first.

And really, I would say your average Canadian is actually far wealthier than your average American, simply because they don't need to budget for health care.

(in reply to Musicmystery)
Profile   Post #: 40
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