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Wealth of richest 400 Americans surges to $2.29 trillion

Discussion in 'The Americas' started by HMS Astute, Oct 16, 2014.

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  1. Gessler

    Gessler BANNED BANNED

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    See you need to learn about the difference between nominal and PPP-adjusted figures first. The following link could help you with that -

    What's the Difference Between Nominal and Real?

    You will see why PPP-adjusted GDP is called "Real GDP", because it takes into account the difference between the valuation of
    a country's currency and that of USD, inflation, current exchange rates, and a hell of a lot criteria & aspects that are not considered
    in nominal figures. Nominal is assuming that an Indian in India uses US Dollars to pay for a product he bought at a local shop.

    That's not how it is, right?

    You must be from Mars if you didn't.

    World Bank

    All major financial outlets including IMF, World Bank etc. take into account both Nominal & Real GDP figures before arriving at any
    conclusion. Maybe you just talk to an investor - he'll tell you what they're all about and how important each one of them is.

    No, that comes into foreign exchange and all that, different topic.
     
  2. HMS Astute

    HMS Astute BANNED BANNED

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    I didn't know you would pay in Indian Rupee for the cost of imported Rafale jets.

    Entertaining perception which describes like how the Chinese economy has recently overtaken the US economy.

    OCT 9 2014
    China Overtook The US As The World's Largest Economy | Business Insider


    which nobody seems to give a serious shit because it is just PPP.


    Indonesia even has bigger GDP PPP than the UK, but people barely describe Indonesia as being richer or bigger economy than the UK.

    Why? Because it is just PPP.
     
    Last edited: Oct 16, 2014
  3. PatriotSniper

    PatriotSniper 2nd Lieutant FULL MEMBER

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    Obama got a Nobel Prize for peace - so much for its credibility

    Satyendra Nath Bose, Jagdish Chandra Bose, EC George Sudarshan, Srinivasa Ramanujan, Yellapragada Subbarow haven't got Nobel

    Like the true scientists care for Nobel prizes, you can shout from the rooftops about how many Nobels you guys have got and say you guys are geniuses - no one will care
     
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  4. HMS Astute

    HMS Astute BANNED BANNED

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    Same like how people think India with over 1.2 billion people can't produce a team consists of 12 players to kick a ball on the football pitch in world cup.
     
  5. PatriotSniper

    PatriotSniper 2nd Lieutant FULL MEMBER

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    Similarly people will wonder why a country which is has so many geniuses has never produced a single world champ in chess and will keep wondering as to why it doesn't have a single player in the top ten of FIDE Ratings.
     
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  6. layman

    layman Aurignacian STAR MEMBER

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    PPP is the precedent for growth and forecast. Without PPP the economy analysis is immaterial.
    Economist doesnt make any credible analysis without PPP involved in the growth graph. It is the indicator of the growth...

    And enough stupidity in measuring whose D!ck is longer.... Back to the concerned topic guys...
     
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  7. HMS Astute

    HMS Astute BANNED BANNED

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    Being said that, the biggest economies in 2013 are still as follows;
    1. United States (318 million population)
    2. China (1367 million population)
    3. Japan (127 million population)
    4. Germany (80 million population)
    5. France (66 million population)
    6. United Kingdom (64 million population)
    7. Brazil (203 million population)
    8. Russia (146 million population)
    9. Italy (60 million population)
    10. India (1261 million population)


    My prediction for the world's biggest economies in 2014 are as follows;
    1. United States
    2. China
    3. Japan
    4. Germany
    5. United Kingdom
    6. France
    7. Brazil
    8. Russia
    9. India
    10. Italy
     
  8. layman

    layman Aurignacian STAR MEMBER

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    Compare the PPP of each countries....
     
  9. Marqueur

    Marqueur Peaceful Silence ELITE MEMBER

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    Same like people who invented a game of cricket and cannot win a single wold cup
     
  10. randomradio

    randomradio Colonel REGISTERED

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    The indigenous manufacturing component of the Rafale deal will be in INR. The foreign exchange component will be in Euros and this component will be significantly smaller since it mostly includes the 18 Rafales followed by a dozen or two dozen kits.
     
  11. PatriotSniper

    PatriotSniper 2nd Lieutant FULL MEMBER

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    Bottomline Takeaway - in general the West is facing huge income disparity, nothing to be proud of in this post which is after all the net worth of Bill Gates, want to know the net worth of India, you will be shocked

    Income Gini Coefficient World Map

    [​IMG]
     
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  12. HMS Astute

    HMS Astute BANNED BANNED

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    Last edited: Oct 17, 2014
  13. HMS Astute

    HMS Astute BANNED BANNED

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    Not bad for a country with around 60m people, whereas India with over 1.2bn people can't even make in the top 50 group.

    Countries with most number of Olympic medals.

    [​IMG]
     
  14. Averageamerican

    Averageamerican Colonel ELITE MEMBER

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    I am not happy with the gap between the rich and poor in the USA. Its going to lead to problems. It needs to change.
     
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  15. tusharm

    tusharm Captain FULL MEMBER

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    Astute you do know that east India company is now being owned by the Indian.:facepalm:
     
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