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International Monetary Fund estimates show that China surpassed the USA in terms of GDP based on purchasing power parity (PPP), becoming the largest in the world by this measure. FT reported citing IMF data that in 2014, China had 17.6 trillion USD (711 trillion Roubles. 108 trillion Renminbi. 1.08 quadrillion INR. 19.72 trillion CAD. 20.27 trillion AUD. 13.94 trillion Euros. 10.95 trillion UK Pounds) or 16.48 percent of the world’s PPP-adjusted GDP, while the USA had slightly less, 16.28 percent or $17.4 trillion USD (703 trillion Roubles. 107 trillion Renminbi. 1.07 quadrillion INR. 19.49 trillion CAD. 20.04 trillion AUD. 13.79 trillion Euros. 10.83 trillion UK Pounds). PPP is the best way to compare the size of economies and not using volatile exchange rates, which rarely reflect the true cost of goods and services. Thus, a trillion US dollars (40.4 trillion Roubles. 6.13 trillion Renminbi. 61.3 trillion INR. 1.12 trillion CAD. 1.15 trillion AUD. 792 billion Euros. 622 billion UK Pounds) are worth a lot more in China than in the USA. The IMF forecast stated that, on a PPP-basis, China is overtaking the USA right about now, becoming the world’s biggest economy. The USA has been the global leader since overtaking the UK in 1872. Previously, most economists thought China would pull ahead in 2019. According to IMF estimates, in 2015 the gap between China and the USA will increase to almost a trillion USD… Chinese GDP/PPP will amount to 19.23 trillion USD (777 trillion Roubles. 118 trillion Renminbi. 1.18 quadrillion INR. 21.54 trillion CAD. 22.14 trillion AUD. 15.23 trillion Euros. 11.96 trillion UK Pounds) against 18.286 trillion USD (739 trillion Roubles. 112 trillion Renminbi. 1.12 quadrillion INR. 20.49 trillion CAD. 21.05 trillion AUD. 14.49 trillion Euros. 11.38 trillion UK Pounds) in the USA. However, in terms of nominal GDP, the USA remains the undisputed world leader with 16.8 trillion USD (679 trillion Roubles. 103 trillion Renminbi. 1.03 quadrillion INR. 18.82 trillion CAD. 19.35 trillion AUD. 13.31 trillion Euros. 10.46 trillion UK Pounds) in output, significantly outpacing China with 10.4 trillion USD (421 trillion Roubles. 63.8 trillion Renminbi. 638 trillion INR. 11.65 trillion CAD. 11.98 trillion AUD. 8.24 trillion Euros. 6.47 trillion UK Pounds).
8 October 2014
RT
11 October 2014. March of the Soviet Tankists. Original Cine Clip (English subs)
Tags: civil unrest, Great Patriotic War, Iosif Stalin, Novorossiya, political commentary, politics, Russia, Russian, Russian history, Soviet Union, Ukrainian Civil War, USSR, VOV, war and conflict
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One of the things that we must realise is that the brave patriots in the People’s Republics in Novorossiya REVERE the legacy of the USSR. This clip from a Soviet film of 1939 catches the mood exactly. The song doesn’t begin until 0:45. The patriot forces are fighting for hearth and home against American-led fascist pigs. The Uniate bandits revere the memory of the SS! They do! Their grandparents put up posters saying, “Hitler the Liberator”, and they fought willingly for the Fascist occupiers and raised their hands against their own blood-kin. So, one can see that the brutality and nastiness that they deal out today isn’t just an aberration… it’s how they’ve acted for decades, I’m afraid.
All of my friends in Novorossiya revere the memory of Comrade Stalin… so did many of my friends in the Russian Federation… these people are mostly patriotic Orthodox Christians. As one friend put it, “I refuse to honour Hitler, those who fought for him, or any American pig”. I asked her in an e-mail, “Why did you lump in the Americans with the Nazis?” Her reply was simple… “If you lived here in the 1990s, you wouldn’t ask such foolish questions. I’m not offended… you just don’t know”.
You can stand with the Novorossiya patriots who honour the full legacy of Rus… or you can stand with bum-kissing quislings like Victor Potapov who don’t. You can stand with the socialist patriots or you can stand with the capitalist murderers. It’s your choice…
BMD