I don't know how many times i have to show my followers the following simple graph that tells you everything you need to know about the world's economy, but because it never seems to sink in, i guess i have to keep showing and explaining it. The graph does not reflect just "one point in time", but looks at the world's economy over a period of time, leaving one with no way to misinterpret what the graph is telling you.
For those of you who actually do think about the economy in terms of one-point in time, then the best thing for you to do is look at the right side of the graph because that shows you the most current state of things. BTW, if you update the graph to the "current time period", things only look even better for the United States.
Now here is that simple graph once again.
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Okay folks, once again let me explain what the above graph is telling you.
1. Over fifty cents of every dollar invested into the global stock market flows to United States companies;
2. Since globalization started in the 1990s, the United States is the clear winner in terms of "economic power".
3. Europe, more than any other world entity, has suffered from globalization.
4. China is not an economic power, but a paper tiger when it comes to the world's economy; China's economic strength remains solely dependent upon its large population and manufacturing, not "creative product development".
5. China's importance to the world economy took a blow from the pandemic and rightfully so. China's economy is and has been struggling since China created the pandemic (if you update the above graph, it will show you how much this is true).
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Now stick the above in your "memory banks". Then quickly forget everything that you just placed in your "memory banks" because as everyone knows "one graph cannot show all". But at least for a moment, you can say that you knew no more than the Federal Reserve of the United States of America, and all the economists that bow to the wisdom that comes from such an elite set of minds.
Sarcasm intended because the above was all accomplished without the least support from the economists and the Federal Reserve of the United States of America.
Go figure.
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Putin's War Against the World
Why It's Time For U.S. Business To Pay Their Fair Share
Is China's Influence Around The World Really Growing?
Good chart. I would have thought that China would have been much higher.
I am not surprised you thought that way. No one has lead you to believe otherwise.