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Thread: US Will Be the World's Third Largest Economy: Citi

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    US Will Be the World's Third Largest Economy: Citi

    This prediction is based on current trends but they could change dramatically if we had people at the top with a clue about how to build the economy, and create an atmosphere that is conducive to business as apposed to it like The Democrats and the Amateur in Chief Obama are.

    We also need a new ruling that makes it illegal for any defense contracts to be allowed with any Nations other than England, Canada, Israel, Japan.
    This would help create jobs here at home.

    Even other nations that are or seem to be our allies could for political reasons be a problem in a tight situation.
    There also needs to be some protectionism when it comes to things like the NYSE that should never be allowed to be in foreign hands.


    News Headlines

    The world is going to become richer and richer as developing economies play catch up over the coming years, according to Willem Buiter, chief economist at Citigroup.

    "We expect strong growth in the world economy until 2050, with average real GDP growth rates of 4.6 percent per annum until 2030 and 3.8 percent per annum between 2030 and 2050," Buiter wrote in a market research.

    "As a result, world GDP should rise in real PPP-adjusted terms from $72 trillion in 2010 to $380 trillion dollars in 2050," he wrote.
    Last edited by Councilman; 02-26-11 at 02:48 AM.

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    Re: US Will Be the World's Third Largest Economy: Citi

    Quote Originally Posted by Councilman View Post
    We also need a new ruling that makes it illegal for any defense contracts to be allowed with any Nations other than England, Canada, Israel, Japan.
    Fine thenb, but you're not gonna get our uranium, gold, nickel, copper, antivenoms or marsupials.
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    Re: US Will Be the World's Third Largest Economy: Citi

    Managing America's decline.......The Democrat Party.

    "Were #3! Were #3!"
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    Re: US Will Be the World's Third Largest Economy: Citi

    Neo-liberalism is to blame... export all the cheap work and then move the domestic economy toward a service based employment system. Problem is, automation is replacing a lot of service based jobs. This is what happens when all the corporate fat cats get their globalist dreams made into reality. All the work moves effortlessly abroad to make their product cheaper, but it does nothing to help employment rates.

    The U.S. invented this style of corporatism so now it will just have to live with the consequences.

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    Re: US Will Be the World's Third Largest Economy: Citi

    Quote Originally Posted by Councilman View Post
    This prediction is based on current trends but they could change dramatically if we had people at the top with a clue about how to build the economy, and create an atmosphere that is conducive to business as apposed to it like The Democrats and the Amateur in Chief Obama are.
    Quote Originally Posted by Badmutha View Post
    Managing America's decline.......The Democrat Party.

    "Were #3! Were #3!"
    There were similar predictions before Obama even began to run for President so how you blame him or the democrats is beyond me.

    National Intelligence Council: Robert Hutchings report in USA Today- 2005

    I once had another link on this from about 2003 but can't find it right now - besides, it's not a "blame Obama" thing.

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    Re: US Will Be the World's Third Largest Economy: Citi

    It's a GOOD thing that we'll be #3 in 2050. China and India have a HELL of a lot more people than we do. If they don't surpass our GDP by then, it will mean that they're still desperately impoverished. I can't possibly fathom why anyone would want to consign 40% of humanity to poverty just so that you can claim that America has the biggest penis.

    Quote Originally Posted by Councilman
    This prediction is based on current trends but they could change dramatically if we had people at the top with a clue about how to build the economy
    Quote Originally Posted by Badmutha
    Managing America's decline.......The Democrat Party.
    Quote Originally Posted by Temporal
    Neo-liberalism is to blame
    Quote Originally Posted by Infinite Chaos
    There were similar predictions before Obama even began to run for President so how you blame him or the democrats is beyond me.
    I don't understand what the problem is. Why is ANYONE to blame? Why is it "America's decline"? It doesn't mean that we're any worse off than before, it means that the 2.5 billion people in China and India are a lot BETTER off. If we manage 1-3% economic growth and China/India manage 5-7% economic growth for the next few decades, that's fantastic. It means that a huge fraction of humanity will be lifted out of poverty, and the world will be far better off for it.

    China has more than four times our population. That means that the average Chinese only needs to be one-quarter as wealthy as the average American in order to match our GDP. If they DON'T become the world's largest economy, something is seriously wrong.
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    Re: US Will Be the World's Third Largest Economy: Citi

    ^ I know this, and I'm not saying it's a bad thing. I'm just pointing out where the U.S. itself went wrong to lose its position of prestige. China and India can do what they want. All the power to them.

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    Re: US Will Be the World's Third Largest Economy: Citi

    Quote Originally Posted by Kandahar View Post
    It's a GOOD thing that we'll be #3 in 2050. China and India have a HELL of a lot more people than we do. If they don't surpass our GDP by then, it will mean that they're still desperately impoverished. I can't possibly fathom why anyone would want to consign 40% of humanity to poverty just so that you can claim that America has the biggest penis.









    I don't understand what the problem is. Why is ANYONE to blame? Why is it "America's decline"? It doesn't mean that we're any worse off than before, it means that the 2.5 billion people in China and India are a lot BETTER off. If we manage 1-3% economic growth and China/India manage 5-7% economic growth for the next few decades, that's fantastic. It means that a huge fraction of humanity will be lifted out of poverty, and the world will be far better off for it.

    China has more than four times our population. That means that the average Chinese only needs to be one-quarter as wealthy as the average American in order to match our GDP. If they DON'T become the world's largest economy, something is seriously wrong.
    I can't remember the last time I agreed with you on something. A year from now, I probably won't remember agreeing with you on this either. That's what old age does to you. LOL.

    But you are definitely right.
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    Re: US Will Be the World's Third Largest Economy: Citi

    I don't see what the big deal is as not being the number one economy, its just a ranking and as we all should know there's a lot more things which are much more important for Americans and the US on an individual, national, and international level than being the #1 economy.

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    Re: US Will Be the World's Third Largest Economy: Citi

    Another partisan conservative chest thumping nationalistic isolationistic thread. The US has always been doomed to be 3 or lower, and that is purely based on population! Any idiot not blinded by nationalistic fever can see that.
    PeteEU

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