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Apply PPP. Nominal GDP is increasingly useless in conditions of the crash of globalism.

If you think that a hamburger in NY is the same as a hamburger in China or India then I guess you are right. I am not sure that GDP or PPP are perfect. And as I said, both Russia and China have huge advantages if they can make use of them. But I don’t think that will happen. If they make the same political transition as Singapore, South Korea or Taiwan did, then yes, they will be massive. But their society and governments hold them back.

Build something in China and it will be garbage within a couple of years. Just try building something in Russia of value and try to keep it. You can’t. Wealth is not safe in a BRICS country. And gradually businesses are figuring that out. A Hamburger in NY is worth far more than a Hamburger in China. Its safe to eat in NY. Its made of beef. And you won’t spend the next few days on the toilet. And that is why its worth more.

Not true anymore. Have you been to Russia? If you work on a menial job in the third-tier Russian city you can afford to rent a decent place, a loan on a new car, unlimited mobile plan and a 65 inch TV+ cable, two overseas vacations and to save on top of this. And that out of $600 monthly income.