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Author Topic: 2,000 Years of Economic History in One Chart  (Read 192 times)
el kaka22
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November 17, 2023, 05:36:51 PM
 #21

Honestly, USD losing its value is not a shocker, nothing can stay at the top forever, and nothing did, since the start of calculations like this, which I assume the best case could be ancient Egypt and Greece, we have seen powers go up and powers go down.

I am not saying our lifetime will be enough, maybe it will take another century or two, we do not know when that could happen, but we can say that USA will lose its place at the very top, and that may not happen overnight, so we are seeing the start of the cracks. Eventually, some other power will takeover, and then whoever is that power, eventually they will go down too, it is just human nature. Whenever people reach to the top, they require a difficulty, a task, a challenge basically where they are tested and that is the logic.

Think of it like boxing, when you reach the top, you fight for the title, and then you fight to defend the title, eventually losing the title one way or another and some other person becomes the champion, and then someone beats them, and so forth.

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November 17, 2023, 06:36:43 PM
 #22

Quite an interesting tread that caught my attention... Shocked

And I will slightly convey my wild assumptions to participate in this discussion. Here I am quite amazed by the bamboo curtain country that continues to be so consistent in maintaining, developing and advancing the country's economy until now. So it is no longer strange, that this bamboo curtain country is able to become one of the countries that dominate the global economy. Because the country has taken these steps, for thousands of years and now the bamboo curtain country continues to be determined for the future, the bamboo curtain country will continue to be very competitive and will still and always be a global player in economic terms.

And when it comes to the United States, when it comes to the economy, there is no doubt about it. Because after the end of the Second World War, the United States was the country that benefited the most because apart from its sizable population and technological prowess, but the US also managed to store around 70% of the world's gold reserves. and besides that, the country also managed to make its country's currency a global currency. So it is very beneficial for the economy of the United States until now. And the only concern, as well as the chaos of the United States, is when its currency (US Dollar) weakens.

And I can so salute the country of China, because the country is able to dominate the global economy amid the onslaught of western countries.

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November 17, 2023, 07:17:32 PM
 #23

From the graph that the OP is trying to show, I am quite astonished by the country of India in its involvement in the global economy, because if you look at the garifik, it turns out that the role, involvement and strength of the Indian economy in the global arena is very large.  In addition, many people think that this Hindustan country, with all the economic problems in the country, such as extreme poverty, so that this hindustan country is often underestimated in terms of the economy.

And today, although India's economy is not as strong as it used to be, unlike thousands of years ago. But with the economic boom and also the demographic bonus that the country is getting. Now a lot of articles and economists experts say that this Hindustan country is predicted to be able to become one of the countries with the largest economic power in the world.

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