RodeoX
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Activity: 3066
Merit: 1147
The revolution will be monetized!
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December 08, 2014, 06:06:13 PM |
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The writing has been on the wall for some time now. And on the labels of your clothing, your phone, the computer you are using, everything really.
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botany
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Activity: 1582
Merit: 1064
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December 09, 2014, 08:04:06 AM |
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if usa number 2,and number one?
I guess you read only the subject and didn't even read the OP.
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countryfree
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Activity: 3066
Merit: 1047
Your country may be your worst enemy
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December 09, 2014, 10:49:26 PM |
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I used to be a citizen and a taxpayer. Those days are long gone.
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tropical0101
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Activity: 42
Merit: 0
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December 10, 2014, 01:31:53 AM |
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In general, it doesn't surprise me. China is dominating the US economy from years..
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STT
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Activity: 3990
Merit: 1427
Leading Crypto Sports Betting & Casino Platform
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December 10, 2014, 02:11:10 AM |
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China is a far larger country, what took them so long. Mao Tse-tung I think knows that one. Problem is China holds so many ties to USA, its more like joint 2nd. With all their treasury debt they are more invested then many who actually live here so Im thinking its more of a three legged race then anything else
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senseless
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December 10, 2014, 05:05:49 AM |
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As an american who left and never really went back it's not surprising. America reminds me of the philippines except people know how to stand in line and it's not quite as dirty.
What I like most is that now that america isn't #1 it's "oh it's not so bad, they're just numbers anyway -- right??"
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gablay12
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Activity: 918
Merit: 1000
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December 10, 2014, 06:55:14 AM |
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There are many criteria to be the biggest economy.
China is the seller, States is the market.They can not be without each other.At least for the coming decade.
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The more I meet people, the more I like my dog.
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tropical0101
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Activity: 42
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December 10, 2014, 02:22:22 PM |
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There are many criteria to be the biggest economy.
China is the seller, States is the market.They can not be without each other.At least for the coming decade.
China is not only seller.. China is strategic partner and here is power of manipulations
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rugrats
Sr. Member
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Activity: 700
Merit: 250
Vave.com - Crypto Casino
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December 10, 2014, 03:58:15 PM |
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Not quite true. The IMF is using purchasing power parity to calculate China's GDP, attributing over 20% growth over the last two years alone, in a depressed global market at that! In terms of nominal GDP, the United States is still $7.6 trillion ahead of the Chinese (as of 2013). China will eventually take over the U.S.(which will drop to third behind India) as the world's largest economy - that's a given. But in my opinion, that's at least six to ten years away - provided China's banking system does not collapse by then (the stories I hear about the reporting practices of provincial GLCs and financial institutions there are sometimes comical).
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gablay12
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Activity: 918
Merit: 1000
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December 10, 2014, 06:34:09 PM |
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China is a big giant with one leg
China is dependent to States and Germany&Russia
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The more I meet people, the more I like my dog.
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BillyBobZorton
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Activity: 1204
Merit: 1028
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December 10, 2014, 09:25:44 PM |
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There are many criteria to be the biggest economy.
China is the seller, States is the market.They can not be without each other.At least for the coming decade.
China is not only seller.. China is strategic partner and here is power of manipulations China is uncapable of producing quality stuff. No one is going to trust China to buy a car but everyone will keep trusting the Germans and so on.
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countryfree
Legendary
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Activity: 3066
Merit: 1047
Your country may be your worst enemy
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December 10, 2014, 10:56:34 PM |
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Not quite true. The IMF is using purchasing power parity to calculate China's GDP, attributing over 20% growth over the last two years alone, in a depressed global market at that! In terms of nominal GDP, the United States is still $7.6 trillion ahead of the Chinese (as of 2013). China will eventually take over the U.S.(which will drop to third behind India) as the world's largest economy - that's a given. But in my opinion, that's at least six to ten years away - provided China's banking system does not collapse by then (the stories I hear about the reporting practices of provincial GLCs and financial institutions there are sometimes comical). That's what I wrote 6 posts above yours. And looking at the other posts, it seems nobody reads what the others have written already. This is getting bad...
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I used to be a citizen and a taxpayer. Those days are long gone.
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cakir
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Activity: 1274
Merit: 1000
★ BitClave ICO: 15/09/17 ★
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December 10, 2014, 11:05:54 PM |
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China was already dominating bitcoin and it's price. It's not a surprise for us. I think China will grow much more because all of the "money worth technology" is manifactured in China.
I guess Next step of China will be naming price of lots of things...
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| ,'#██+: ,█████████████' +██████████████████ ;██████████████████████ ███████: .███████` ██████ ;█████' `█████ #████# ████+ `████+ ████: ████, ████: .# █ ████ ;███+ ██ ███ ████ ████ ███' ███. '███, +███ #████ ,████ ████ ████ █████ .+██████: █████+ `███. ,███ ███████████████████████ ████ ████ ███████████████████████' :███ ███: +████████████████████████ ███` ███ █████████████████████████` ███+ ,███ ██████████████████████████ #███ '███ '██████████████████████████ ;███ #███ ███████████████████████████ ,███ ████ ███████████████████████████. .███ ████ ███████████████████████████' .███ +███ ███████████████████████████+ :███ :███ ███████████████████████████' +███ ███ ███████████████████████████. ███# ███. #██████████████████████████ ███, ████ █████████████████████████+ `███ '███ '████████████████████████ ████ ███; ███████████████████████ ███; ████ #████████████████████ ████ ███# .██████████████████ `███+ ████` ;██████████████ ████ ████ '███████#. ████. .████ █████ '████ █████ #████' █████ +█████` ██████ ,██████: `███████ ████████#;,..:+████████. ,███████████████████+ .███████████████; `+███████#,
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Honeypot
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December 11, 2014, 12:50:34 AM |
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Not quite true. The IMF is using purchasing power parity to calculate China's GDP, attributing over 20% growth over the last two years alone, in a depressed global market at that! In terms of nominal GDP, the United States is still $7.6 trillion ahead of the Chinese (as of 2013). China will eventually take over the U.S.(which will drop to third behind India) as the world's largest economy - that's a given. But in my opinion, that's at least six to ten years away - provided China's banking system does not collapse by then (the stories I hear about the reporting practices of provincial GLCs and financial institutions there are sometimes comical). That's what I wrote 6 posts above yours. And looking at the other posts, it seems nobody reads what the others have written already. This is getting bad... This whole non sense around PPP was reported over 2 months ago. Why the false excitement now? Lots of desperate chinese here Let me know when they are close to surpassing US Nominal GDP - much more accurate measure of economic power even with all its faults in comparison to localized, misreported, and grossly distorted PPP. From what I know, their gpd growth is getting slower and slower despite their efforts, while US economy is emerging slowly out of slow growth post recession and manufacture is moving out of china. With US GDP leading chinese gdp, and absolute growth number getting closer and closer, the corner has been turned. Much wishful thinking from the chinese
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freedomno1
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Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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December 11, 2014, 01:49:26 AM |
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Well we all saw that coming So many billions of peoples aggregate income finally passed those of a few hundred million rich westerners That said it will still take time for them to get to our standard of living.
Did feel a sense of Deja Vu though
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Believing in Bitcoins and it's ability to change the world
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Zarathustra
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Activity: 1162
Merit: 1004
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December 11, 2014, 12:49:14 PM |
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For the first time since 1870s.
All hail China!
China is the greatest government orchestrated bubble ever.
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youngmike
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December 11, 2014, 01:49:32 PM |
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No surprise, their economy is very good And the product is everywhere
USA, what's gonna happen to you now ?
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youngmike
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December 11, 2014, 01:49:58 PM |
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Well we all saw that coming So many billions of peoples aggregate income finally passed those of a few hundred million rich westerners That said it will still take time for them to get to our standard of living.
Did feel a sense of Deja Vu though
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DOGEYOLO
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Activity: 16
Merit: 0
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December 11, 2014, 02:40:49 PM |
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Time to whip out the old Rosetta Stone to get my Mandarin on
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jasabbm
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December 11, 2014, 02:49:09 PM |
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This is not news! I think that the overtaking was maybe 6/7 months ago!
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