Howey
Gold Member
- Mar 4, 2013
- 5,481
- 761
- 200
Not as some America haters on this forum believe. It is and will remain to be the United States.
![35cb4eb.jpg](/proxy.php?image=http%3A%2F%2Fi.imgur.com%2F35cb4eb.jpg&hash=76bffc2a5c14b8a519e93d26052e1171)
[T]heres a reason that standard measures of GDP dont use the PPP conversion. As the Wall Street Journals Tom Wright explains: China cant buy missiles and ships and iPhones and German cars in PPP currency. They have to pay at prevailing exchange rates. Thats why exchange rate valuations are seen as more important when comparing the power of nations.