GEAB N°88: Global Systemic Crisis – 2015 – The World is Defecting to the East !

Socio-Economics History Blog

Chart 1: China GDP (in blue) and US GDP (in red) in purchasing power parity (PPP) in $trillions, 2002 – 2090 - Source: Financial Times Chart 1: China GDP (in blue) and US GDP (in red) in purchasing power parity (PPP) in $trillions, 2002 – 2090 – Source: Financial Times

  • GEAB N°88 is available! Global systemic crisis – 2015: The world is defecting to the East! 
    by http://www.leap2020.eu/English_r25.html 
    Two important facts emerge from the past four weeks’ news. First, China is becoming the world’s largest economic power, officially overtaking the US, based on GDP measured in purchasing power terms (IMF figures) of $17.61 trillion (compared to $17.4 trillion for the US). If the official media hasn’t raised the slightest eyebrow to this information, our team believes that it’s an historic event: the US is no longer the world’s largest economic power and, inevitably, that changes everything ! (1)     

    Especially as, in addition to crossing this threshold, the US, after having tried to impress the world with an overflowing militarism during the Ukrainian crisis…

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