US no longer the worlds biggest economy

I will reply for the cons. But the euro zone is more than one country ;)


Yeah this has been coming a while and when more countries peg their currency to the euro....
 
Compared to the entire EU.... which has about 450,000,000 people to our 300,000,000.

They are 50% larger in population and are ahead of us by a razor thin margin... (depends on whether it takes $1.55 to buy the Euro or $1.56 as to who is ahead).

So bottom line... yea EU!!!! your 27 countries with 50% more people just equaled the US.
 
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uscitizen said:
I will reply for the cons. But the euro zone is more than one country ;)


Yeah this has been coming a while and when more countries peg their currency to the euro....
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Well, yeah, it has been coming. When the EU continues adding countries, they were bound to catch us as a collective sooner or later. The decline in the dollar just made it sooner. Sooner or later China and its 1.2 billion population will catch us as well.
 
LOL,
Did I call it or what?
Yep it is not a country but for currency/economic purposes it might as well be.
 
Superfreak said:
Well, yeah, it has been coming. When the EU continues adding countries, they were bound to catch us as a collective sooner or later. The decline in the dollar just made it sooner. Sooner or later China and its 1.2 billion population will catch us as well.
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Yeah China's economy grew at about 4X the US pace last year I think.
 
leaningright said:
I think they combined to make thier economy sort of bent that way so as to compete with the US. It appears to be working to an extent.
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for now until some disagreement results in a war.. just a matter of time before there is a pissing contest between france and england.
 
LOL the education of an illiterate turbo-lib dem.
1. Eu zone many countries
2. It's a good thing when our trading partners do well.
3. A full 4yr college is obviously still a good investment. LOFL
 
Superfreak said:
I don't have the exact numbers, but I bet it was pretty close to that... you may be a tad low on the estimate. We grew about 2.2% and I think I recall seeing 9-10% for them.
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Last one I saw was 12% I think SF.

but I was not absolutely certain on the figures so I went low. Did not want Damo to pick on me about my figures being wrong.

Not worried about spinner picking on me he doesn't have a clue.
 
it was 12% and they will surpase us in the next decade, but they will NEVER pass us on a per capita basis.
Even after the 12% the average Chineese man makes about $2,500 annually and the US Joe makes about $43,000
 
Not sure we will progress that far SF before we shoot ourselves back down.
That might happen on the next era of man.
 
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