Western new definition on economic growth...1% good, 5% bad!

 The new definition of what is seen as good economic growth is like rediscovering gravity standing on its head. The American economy achieved a 1% growth and this is called rock solid. Oops, oops, Biden claimed that it was closer to 3%. Caveat, he is having dementia, so take his words with a big pinch of salt. He is telling his own truth with the election around the corner. And to make the American economy even more solid, it is accompanied by a 7% inflation rate. Not sure how true is this number, but be sure the Americans never lie. Ignore what Pompeo said about 'We lie, we cheat, we steal'. He forgot to add, 'We bomb and we kill'.

Apologies, I got carried away with Pompeo. In the Americans' new definition on economic growth, anything 1% or lesser is excellent. So many American crony states and the poor states in EU are doing real fine and can pat themselves on their back to declare proudly that their economies are doing fine, with 1% GDP growth or less. Just follow the Americans and you will always look good even when you are down and out.

And who is down according to this new American version of economic growth? Russia, and of course China. China's economy is collapsing and beyond repair. At 5.2% growth in a US$18 trillion economy is called bad. All the media of America and American crony states, and their unthinking reporters, are repeating the same narrative as gospel truth. It is the end of the Chinese miracle. China would never catch up with the American economy. The American economy would remain as number one, forever, no more fear of China. Someone said, when China's economy is collapsing, the Americans did not have to do anything against China. China will just be history without the Americans having to start another war. No need for more sanctions and trade wars.

And the Chinese leaders are all incompetent, battling corruption and power struggle. The housing industry has collapsed, the Americans are winning the chip war, the EV war, the 5G war with 6G coming. The Chinese are cowering in fear. And the Americans are going to the moon 'again', to be ahead of the Chinese. To prove this, the Americans had just landed a rover on the moon, on its side! Oops, still working fine, still can send messages back to earth, battery still working. Bet the Chinese cannot beat such a feat. There are at least 4 Chinese rovers running around on the moon, but all unable to do what the Americans had done, landing on their sides.

The fake Chinese by the name of Gordan Chang must be celebrating. 'I told you so, in 2000, that China would collapse'. And look at Xi, unable to come up with good ideas to raise the GDP to 9 or 10%  like before. Trump or Biden would definitely do better, more solid growth of 1% or less on the way. 

MAGA! 1% growth is great for the economy! 5% is bad! Repeat after me, bananas.

PS. Britain, Germany and Japan are already in recession. The fake economy of the USA which Biden claimed to have grown 3% is likely to be in recession as well. When Germany is in recession, how many EU countries would also be in the same predicament? And the western media demonised China's 5% GDP growth as ailing economy! How many western countries would be blowing their trumpets if they could achieve a 3% growth?