No. The US GDP is $32 trillion, China is at $20 trillion. Germany is $5.5 trillion, Japan is $4.5 trillion.
The US is roughly 25% of the world’s GDP on its own. China is approaching 20%. China is growing, the US is shrinking. But, the US is still huge. The Strait of Hormuz is 20% of the world’s oil supply. We’ve seen recently what happens to the world’s economy when 20% of something goes away. If the US economy tanks, the world’s economy suffers greatly.
No. The US GDP is $32 trillion, China is at $20 trillion. Germany is $5.5 trillion, Japan is $4.5 trillion.
The US is roughly 25% of the world’s GDP on its own. China is approaching 20%. China is growing, the US is shrinking. But, the US is still huge. The Strait of Hormuz is 20% of the world’s oil supply. We’ve seen recently what happens to the world’s economy when 20% of something goes away. If the US economy tanks, the world’s economy suffers greatly.