Tag Archive: GDP

Future Predictions: BRIC Nations Explosive Growth is Spectacular With a Robust Rise of the Middle Classes Leading the Way in Brazil, Russia, India & China

Filed under: China, Economics, Future Predictions by futurepredictions — Leave a comment

December 21, 2011

Jim O’Neill, chairman, Goldman Sachs Asset Management at the CBI Annual Conference

[Via: http://blogs.reuters.com/from-reuterscom/2009/06/10/graphic-bric-nations/]

Global Gross Domestic Product Chart

Rank 2050	Country	2050	2045	2040	2035	2030	2025	2020	2015	2010	2006
1	China	70,710	57,310	45,022	34,348	25,610	18,437	12,630	8,133	4,667	2,682
2	United States	38,514	33,904	29,823	26,097	22,817	20,087	17,978	16,194	14,535	13,245
3	India	37,668	25,278	16,510	10,514	6,683	4,316	2,848	1,900	1,256	909
4	Brazil	11,366	8,740	6,631	4,963	3,720	2,831	2,194	1,720	1,346	1,064
5	Mexico	9,340	7,204	5,471	4,102	3,068	2,303	1,742	1,327	1,009	851
6	Russia	8,580	7,420	6,320	5,265	4,265	3,341	2,554	1,900	1,371	982
7	Indonesia	7,010	4,846	3,286	2,192	1,479	1,033	752	562	419	350
8	Japan	6,677	6,300	6,042	5,886	5,814	5,570	5,224	4,861	4,604	4,336
9	United Kingdom	5,133	4,744	4,344	3,937	3,595	3,333	3,101	2,835	2,546	2,310
10	Germany	5,024	4,714	4,388	4,048	3,761	3,631	3,519	3,326	3,083	2,851
11	Nigeria	4,640	2,870	1,765	1,083	680	445	306	218	158	121
12	France	4,592	4,227	3,892	3,567	3,306	3,055	2,815	2,577	2,366	2,194
13	South Korea	4,083	3,562	3,089	2,644	2,241	1,861	1,508	1,305	1,071	887
14	Turkey	3,943	3,033	2,300	1,716	1,279	965	740	572	440	390
15	Vietnam	3,607	2,569	1,768	1,169	745	458	273	157	88	55
16	Canada	3,149	2,849	2,569	2,302	2,061	1,856	1,700	1,549	1,389	1,260
17	Philippines	3,010	2,040	1,353	882	582	400	289	215	162	117
18	Italy	2,950	2,737	2,559	2,444	2,391	2,326	2,224	2,072	1,914	1,809
19	Iran	2,663	2,133	1,673	1,273	953	716	544	415	312	245
20	Egypt	2,602	1,728	1,124	718	467	318	229	171	129	101
21	Pakistan	2,085	1,472	1,026	709	497	359	268	206	161	129
22	Bangladesh	1,466	1,001	676	451	304	210	150	110	81	63

Amidst all the uncertainty and volatile macro environment, here’s some good news. India has emerged as the world’s second fastest growing brand with only China to beat. CNBC-TV18′s Pavni Mittal brings the results of Brand Finance’s latest global report.

Tags: BRIC, GDP, global gross domestic profit, Goldman, goldman sachs, middle class, O'NEIL

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Future Predictions: China’s Economy Growing to $123 Trillion, or Three Times America’s by 2040: Global Share of GDP at 40% Dwarfing the US at 14% and EU at 5%

Filed under: China, Future Predictions, Population, Trillion by futurepredictions — 2 Comments

September 13, 2011

AS THE CHINESE POPULATION OVER 65 TRIPLES IN NUMBER

A few reasons to think China will become a super power.

China’s economy: $123 trillion, 3 times America’s by 2040 per capita income will hit $85,000, more than double the forecast for the European Union … China’s share of global GDP— 40% — will dwarf that of the United States (14%) and the EU (5%) 30 years from now,” one brief generation. China’s political system is more capitalist than America’s as China is rapidly turning into a capitalist consumer economy. China’s massive investments in education, ahead of America is resulting in the next generation of China’s high school enrollment rate reaching 100%, and the college rate hitting about 50%.

China’s locking up global resources, using U.S. dollar reserves and China’s quietly buying up future rights to commodity-resources worldwide. China’s rural economy of 700 million adding to growth rate as China’s government statistics underreporting progress. Yes, China does have a long-range plan to conquer America as China’s aware of Pentagon strategies. The “Goldman Conspiracy” is helping China sabotage America so by 2040 China will be the world’s biggest superpower (again). Source>>>>

China’s greatest challenge as an emerging economic superpower is also among the hardest for countries to overcome — it’s getting old:

“In a shift that is intensifying the economic competition between China and the United States, China’s working-age population has plateaued in size and will begin getting smaller sometime in the next five years, according to demographers and recently released census data. The number of 20-to-24-year-olds, a main source of entry-level and factory labor, is already shrinking, the leading edge of an eventual decline in the overall population.” Source>>>>

Tags: 2040, billionaires, capitalist, China, dollar, eu, GDP, investments, move inland, rich, richest, superpower, us, wealth

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Futurism: Why Will the U.S. Out Spend the Rest of the World on Military Campaigns? When We Should Lead With Humanitarian Efforts Instead!

Filed under: Future Predictions, War by futurepredictions — Leave a comment

September 11, 2011

It is estimated that more than $1 trillion is spent on military expenditures worldwide each year (that’s 2 percent of the world’s GDP). Part of this goes to the procurement of hardware and services from the military industry.

Source>>>>

“Five times in the past century, the U.S. has fought a major war and then promptly disarmed, with damaging and avoidable consequences. Congress should not repeat the same mistake yet again. Instead, Congress should dare to take a longer perspective by justifying robust defense spending to voters in terms of the national security and economic benefits produced by a sound defense investment and modernization strategy.”

Source>>>>>

Source>>>>

“If our foreign policy aims to prevent suffering and death with finite resources, it makes sense to ask whether this war makes sense on those grounds. I grasp the tiresome point that the choice on the table was not a choice between taking out Libya’s air defences and buying bed nets. The choice was between taking out Libya’s air defences or not. But the question nagging some of us is why this was the choice on the table. Why did this come up as a matter requiring urgent attention and immediate decision? Why is it that the choice to express our humanitarian benevolence through the use of missiles and jets gets on the table—to the top of the agenda, even—again and again, but the choice to express it less truculently so rarely does? If our humanitarian values really set the agenda, how likely is it that the prospect of urgent military intervention would come up so often?”

Source>>>>

Click Graphic Below to Enlarge

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United States is not Broke Nor Anywhere Near it With US GDP of Nearly $15 Trillion and the Per-Person GDP of Over $47,400

Filed under: Currency, Economics, Future Predictions, Trillion by futurepredictions — 3 Comments

May 9, 2011

Warren Buffett stated this week that “the United States was not going to have a debt crisis of any kind as long as we keep issuing our notes in our own currency.”
Read More>>>>

How Big is the U.S. Debt?

The US is not broke nor anywhere near it. The current US GDP-per-person is over $47,000 stated ROBERT B. REICH, Chancellor’s Professor of Public Policy, Goldman School of Public Policy, University of California, Berkeley.

Tags: buffett, debt, debt ceiling, GDP, reich, us, warren

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Prediction: Net interest expense will triple to an all-time high of $554 billion in 2015 from $185 billion in 2010, according to the Obama administration’s adjusted 2011 budget.

Filed under: Credit, Currency, Economics, Future Predictions, Prediction, Trillion by futurepredictions — Leave a comment

February 14, 2011

“It’s a train wreck coming, we all know it’s going to happen”
$554 billion in 2015 from $185 billion in 2010

Two wars has strapped the current administration with explosive debt expense growth.

Percent of GDP spending on debt service is:

1.7 percent of United States

2.5 percent for Germany,
2.6 percent for the United Kingdom
2.9 percent for Japan
1.7 percent for Mexico
5.2 percent for Brazil

0.4 percent for China

While some of the lowest borrowing costs on record have helped the economy recover from its worst financial crisis since the Great Depression, bond yields are now rising as growth resumes. Net interest expense will triple to an all-time high of $554 billion in 2015 from $185 billion in 2010, according to the Obama administration’s adjusted 2011 budget.

The amount of marketable U.S. government debt outstanding has risen to $8.96 trillion from $5.8 trillion at the end of 2008, according to the Treasury Department. Debt-service costs will climb to 82 percent of the $757 billion shortfall projected for 2016 from about 12 percent in last year’s deficit, according to the budget projections.
Source: Bloomberg

A South Carolina state politician wants the state to develop its own gold and silver-based currency in case the Federal Reserve collapses and hyper-inflation ensues.