Susan Rice has just completed her visit to Beijing to prepare for Obama’s November visit. She arrived as the envoy of the President of the Indispensable Nation and was greeted at the very highest level by Xi Jinping himself, president of one of the many Dispensable Nations.
Susan probably conceives this as an advance visit in more ways than one since Beijing is the final scheduled stop on the U.S. Empire’s march through Eurasia – after sacking Iraq, Libya, Syria, Iran and Russia. Or so the plan goes.
But Rice might surely was given considerable pause on her visit. Just as she arrived China Daily, the English version of which was surely dropped outside her door in the morning, carried a front-page story, headlined: "China ‘largest economy’ by 2024." And with it was carried the striking graphic:
Reader, take note of the phrase "Nominal GDP." This means GDP in real dollars. The alternative measure and the one more often used is given in terms of PPP (Purchasing Power Parity), which corrects the value of the dollar for purchasing power from country to country. By the PPP measure China is already the equal of the US or will be so within a year’s time according to the World Bank.
Continue reading “Rice in China – What Susan Found on Her Doorstep: John V. Walsh”