>gap between China and the US is now as big as between the US and IndiaThe mighty Uncle Sam is evaporating in front of our eyes
>>218284093Indonesia has a higher PPP than Switzerland and this measures purchasing power in terms of currency, but not average salaries/wages or demand for currency. I doubt the average person in Indonesia is wearing a Rolex and has million dollar properties it means that the money you get in Indonesia per unit of currency buys you more regardless of how much access you have to the currency. A country with tight price controls often has abnormally high PPP for instance.
>>218284371>thread about GDP PPP>talks about salaries and RolexHoly fuck you're confused
>retard can't understand GDP doesn't represent quality of lifeHoly fuck you're confused
>>218284093You have to show that in silver and gold, not fake dollar paper money
>>218284093UK will do its best
>>218284093US dollar GDP isnt the true mark of America's decline.America's power come primarily from being the first mover during the crucial post WWII period that established the international trade system, and they convinced everyone to get on the US dollar as the reserve currency since at that time it made sense. America is a radically different country now than it was in 1947 so the same no longer applies. It's cruising off the prestigr of its white past, facing a brown declining future.
>>218284093why did the west decide that they don't need a working class anymore? just because they can import stuff? that's pretty damn stupid.
>>218284093In terms of international power PPP is a flawed metricHighly advanced technology that you can't get anywhere else, geopolitical control of resorces, or strong domestic institutions all push up the value of your currencyUsing PPP to equalise for currency differences misses that whole aspectPPP is most useful when looking at per capita, since it's a better measure of hoe the economy impacts ordinary people
>>218284879Those reserves are dropping because they went off the gold standard
>>218284928Strong working class = threat to megacorp capitalistsEasier politically and better for profits to throw them into tenuous service economy "jobs" like retail than unionized heavy and light industry and export all the actual manufacturing to shitty thirdie countries with zero worker protections and a willingness to shoot strikers
>>218284539GDP PPP is a measure of how much your currency buys you local goods rather than compared to international exchange rates. If your currency can buy cheap goods locally your GDP PPP is higher than the next country, that said you don't see Indonesians with mansions or luxury items as much as you do the Swiss so why wouldn't I account for salaries? Swiss have a lower GDP PPP than they do their stuff is more expensive compared to their currency. If you can't get access to the currency it doesn't matter how strong it is in your local market.
>>218285245Your currency is worthless though always convert to silver and gold
