Well, well, it seems the TRUTH news is leaking out.  With all of the hype on TV about China being the rising star on the horizon.  It seems as hyped as Putin being loved by the Russians which was pronounced on the main street media – that the people f Russia loved Putin – ask a Russian and I bet you would get a different story – even with his bare chest. Any way, back to the China fairy tale.

It seems that China’s Gross National Product is ten (10) times worse than Greece’s!  Just wouldn’t that wet some body’s noodle?  Especially, the IMF.   People are starving in China and they tell us the country is going “great GUNS!” The only reason these politician like China is because at the moment it is their piggy bank.  In other words, you send us all of your cheap junk and we will sell this junk to the American public.  My suggestion to all Americans, BUY USA MADE PRODUCTS and stop promoting China.  All you have to do is look on the back of anything you buy and if it says “MADE IN CHINA” put it back on the shelf.  Wal-Mart is loaded with China goods.

It seems all that China is good at is “hacking” and stealing other countries inventions.  One good story that I witnessed was when we were walking through Tiananmen Square in Beijing I had a small battery-powered hand-held fan because of the heat.  This one Chinese man followed me trying to see how that fan was built.  After about two hours, I stopped, turned around, unscrewed the cover and showed him the batteries.  He just smiled, bowed, and walked off.

Richard Haas, Head of Council on Foreign Relations,  stated this morning that China has not been in a position to lead the world in a monetary role.  I guess the pundits on hype will have to go back to the drawing board and come up with another wiggle room story.

This is exactly what we saw when we visited Beijing, China.  Nothing but people going to work on  bicycles.  Although there is nothing wrong with riding a bicycle saves a lot of petroleum.

What is GDP and why is it so important to economists and investors?

The Gross Domestic Product (GDP) in China was worth 10360.10 billion US dollars in 2014. The GDP value of China represents 16.71 percent of the world …

The gross domestic product (GDP) is one the primary indicators used to gauge the health of a country’s economy. It represents the total dollar value of all goods and services produced over a specific time period – you can think of it as the size of the economy. Usually, GDP is expressed as a comparison to the previous quarter or year. For example, if the year-to-year GDP is up 3%, this is thought to mean that the economy has grown by 3% over the last year.

Measuring GDP is complicated (which is why we leave it to the economists), but at its most basic, the calculation can be done in one of two ways: either by adding up what everyone earned in a year (income approach), or by adding up what everyone spent (expenditure method). Logically, both measures should arrive at roughly the same total.

The income approach, which is sometimes referred to as GDP(I), is calculated by adding up total compensation to employees, gross profits for incorporated and non incorporated firms, and taxes less any subsidies. The expenditure method is the more common approach and is calculated by adding total consumption, investment, government spending and net exports.

As one can imagine, economic production and growth, what GDP represents, has a large impact on nearly everyone within that economy. For example, when the economy is healthy, you will typically see low unemployment and wage increases as businesses demand labor to meet the growing economy. A significant change in GDP, whether up or down, usually has a significant effect on the stock market. It’s not hard to understand why: a bad economy usually means lower profits for companies, which in turn means lower stock prices. Investors really worry about negative GDP growth, which is one of the factors economists use to determine whether an economy is in a recession.

BUY USA GOODS!

kommonsentsjane