Measuring economies using Purchasing Power Parity(PPP) is intellectually dishonest and allows for manipulation. The denominator in the ‘adjustment’ calculation is inflation. In China’s case, they wildly manipulate their inflation numbers lower (despite runaway inflation) to 1/3
artificially inflate their PPP. The other obvious manipulation is the fact that China’s capital account is CLOSED and their exchange rate is fixed by the PBOC. Imagine where the RMB would trade if they opened their capital account and mainlanders could travel, shop, and 2/3
invest abroad. Academics that write pieces about China’s early dominance of global GDP using PPP as the barometer are likely either being paid directly or indirectly by China and their government and shouldn’t be taken seriously. 3/3 #China #US #PPP #LieCheatSteal

• • •

Missing some Tweet in this thread? You can try to force a refresh

Keep Current with 🇺🇸Kyle Bass🇺🇸

🇺🇸Kyle Bass🇺🇸 Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!


Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @Jkylebass

17 Oct
It’s funny to me that the media reports how Venezuelan ‘fixer’ Alex Saab is being extradited to the US to face money laundering charges without any of them thinking about the much larger picture…Which global banks and money changers will be implicated in one of the largest 1/3
criminal money laundering schemes in history?I’m going to be looking for HSBC HK to be in that list yet again. Remember when they were busted for laundering oodles of Mexican drug cartel cash and fined billions for their crimes?No single bank employee was arrested or charged. 2/3
Let’s hope the US DOJ charges MANY banks and their executives with criminal charges this time. Maduro’s money is estimated to be in the hundreds of billions..just like every other autocratic leader in the world. Get ready for the banking story of the next several years…#Maduro
Read 4 tweets
12 Oct
In his Oct 9th speech, Xi said he will achieve his supreme goal of the reunification of China. He said it’s not enough for Taiwan to simply avoid declaring their independence…he expects them to actively work to unify with China. The “Chinese Dream” cannot be attained without
Unification of Taiwan. This dates back to the 1999 book Unrestricted Warfare where the Chinese Air Force Colonels discussed “securing the first island chain” (which Taiwan is integral) as mandatory by 2020.
The book was first published with the subtitle “China’s Master Plan to Destroy America” with a picture of the burning World Trade Center in its cover.
Read 4 tweets
25 Sep
It’s important to see through the recent moves by the US and China. When John Kerry returned from China in April and Sept with nothing to show for,he was told by his interlocutors that China would not engage in climate talks without the US releasing Meng from her criminal 1/4
Charges…and demanded that the US cease the genocidal human rights call-outs at the UN and other high-profile places. So what did the Biden administration do? They released Meng, didn’t even mention China as a gross human rights abuser in his UN speech, and had Commerce 2/4
Publicly announce that the US is looking to STRENGTHEN our trade ties with China. In exchange, xi himself publicly proclaimed that the Chinese would no longer build or finance coal mining projects outside of China (whew!). It’s now clear as day that 3/4
Read 4 tweets
13 Sep
China’s useful idiots are the western infantry of the CCP’s propaganda war in the west. Westerners who openly lie for the CCP about the origin of the virus, the genocide in Eastern Turkestan, and anything else they are told to blog about raise questions…
About who their audience actually is. @AmbQinGang #China #Lies
Read 5 tweets
11 Sep
On 9/11,Remember, we hunted down Osama until we found him in Pakistan (where he was being protected by their ISI). ONeil and Bissonnette shot him 22 times in the head (I’ve seen the photo).During the incident, Osama cowardly shielded himself with the body of one of his wives.1/4
We methodically tracked down Osama’s son and rest of the terrorists that planned and executed the 9/11 attacks. Heroes like Victor VanDam, John Wayne Walding, and Chris Kyle defined our country’s efforts.
Our friend and hero Chris Kyle hunted jihadis one by one and became 🇺🇸’s most effective sniper in the history of our country with 255 confirmed kills. We effectively accomplished our mission and brought peace to the region and most importantly stopped further terror attacks 3/4
Read 5 tweets
5 Sep
US Education Department investigation into U.S. universities found many are several decades delinquent in disclosing Chinese-sourced donations. The probe uncovered a staggering $6.5 billion in unreported foreign donations and more than $1 billion in anonymous payments. 1/3
Eisenman and Sobolik hit the epicenter of China’s foreign influence campaigns on US Universities and professors. 2/3…
Read 5 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!