China and India lining up to be world’s largest economies
by Alex Bruce
It’s really hard to tear your eyes away from this dynamic graph showing the projected GDP rankings of the world’s 10 largest economies between 2019 and 2100, using data from the International Monetary Fund (IMF).
GDP stands for Gross Domestic Product or the monetary measure of all goods and services produced.
The first big change in the period leading up to the 2019 starting point was Russia’s 1992 entry in the world economy at 4th place behind the great economic powers of the US, Japan and Germany. This position which was soon eclipsed by the inexorable rise of China, which reached the number 2 spot in 1999 for the first time in world history and then went full supernova in 2006, with mind-boggling 15% annual growth.
India is currently having its own supernova, projected to move from 7th to 5th place in 2019, ahead of the UK and France and surpassing Germany for 4th place in 2024!
In 2028, China is projected to surpass the US as the world’s largest economy. India will surpass Japan for the 3rd spot in 2030. The latter half of the 21st century will be all about India, which overtakes the US in nominal GDP in 2059, the second country ever to do so. By 2072, Asia will totally dominate the world economy.
These are the happy numbers forecast by the IMF, as opposed to the infamous projections of Deagel, which predicts that the countries most dependent on the heavily financialized economies of the Anglo-American banking system will be hardest-hit by its collapse.
Deagel says the UK will lose 50M people and its GDP will shrink to 8% of its current numbers. The US will lose 220M people and its GDP will shrink to 8% of its current numbers, as well. Are Deagel’s projections expressing the fantasies of disaster-capitalist banksters?
In light of the December 10th signing of the UN’s migration pact, which resulted in yesterday’s resignation of the Belgian president, a review of Deagel’s statements of 2014, reveals new meaning:
“The process that the USA will enter in the upcoming decade is migration. In the past, specially in the 20th century, the key factor that allowed the USA to rise to its colossus status was immigration with the benefits of a demographic expansion supporting the credit expansion and the brain drain from the rest of the world benefiting the States. The collapse of the Western financial system will wipe out the standard of living of its population while ending ponzi schemes such as the stock exchange and the pension funds. The population will be hit so badly by a full array of bubbles and ponzi schemes that the migration engine will start to work in reverse accelerating itself due to ripple effects thus leading to the demise of the States.”
Running Time: 4 min