Purchasing power parity

NWO's and EU's deception is not only in economic matters. Perhaps in economic matters is the more important deception. The European family narrative is one of many false propaganda claims. Nevertheless, it is probably not they main reason, brainwashed people in Eastern Europe and elsewhere have a positive view of EU. If it was just the European family, possibly they could not care at all to participate.

It is mostly because they have been brainwashed to believe that participation is good for their wallets. So in a few articles, we will explain some economic issues. EU's deception would become evident. Once brainwashed people realize that they have been fooled, they would want to leave EU immediately because every single day in EU hurts them in economic terms.

In previous article was stated that NWO - EU use price level to mislead and give a wrong example. Here is one case. They present German economy as Europe's powerhouse or steamengine, i.e. the biggest economy. It is in nominal figures but when we look at purchasing power parity (ppp) figures, Europe's largest economy is Russia's. NWO controls Germany but does not control Russia and wants to present Germany as better.

GDP measures how big an economy is. In nominal prices which contain the price level distortion, Russia's GDP is less than half that of Germany's. This is because Germany's price level is much higher than Russia's. If we revise the numbers and correct the price level distortion, Russia's economy becomes larger than Germany's. We will look at an example.

Let's say Germany and Russia produce the same type and quality of a personal computer (pc). According to Worlddata, the price level in Russia is 37 and in Germany 92. This is the average. To make the example simpler, let's assume that it is the same price ratio that exists for the specific type of personal computer. Again, in order to make the example easier understood, let's say that this specific personal computer costs 370 euros in Russia and 920 euros in Germany.

They are exactly the same, the Russian and the German personal computer, same type and same quality. The price difference is due to the price level difference. If they produce one million units of this particular type of computer, they will be counted as 920 million in Germany's GDP and as 370 million in Russia's GDP. But it is the same quantity of computers, same type and same quality. When corrected to purchasing power parity, they will have the same value, instead of more than double when they are measured in nominal prices.

The revision must also be made in other economic figures, such as the per capita income. It shows how rich a country is. It is obtained by dividing Gross Domestic Product (GDP) by total population. In nominal figures, Greece's per capita income is double Turkey's. So Western European NWO's puppets in Greece, use nominal figures to brainwash Greek voters and make them believe that they are rich and participation in EU is very beneficial. In reality they are poor and participation in EU catastrophic. 

When NWO is defeated they will stand trial for high treason. In reality, if we use per capita income ppp, Turkey is marginally richer than Greece, even though nominal per capita income values show Greeks twice as rich as Turks. With adjusted figures at purchasing power parity, Greece's global ranking is much worse, compared to nominal. This is due to the increase in the price level caused by euro. Greece is an interesting case.

Britain was a naval power and Greece has an extensive seashore. Churchill wanted Greece to be excluded from Eastern bloc, although it is clearly an Eastern European country. Because of that It has been a member of EU since 1981 while other Eastern European countries started joining in 2004. It adopted euro in 2001, two years after it started. Due to such a long participation in EU, the economy is completely ruined. The same will happen to other Eastern European countries in the future.

By using nominal prices, Western European NWO's puppets are intentionally misleading Greek voters that Greek economy is doing well when in reality it is doing extremely bad. Countries that are higher than Greece, in terms of real per capita income, include; Latvia, Romania, Puerto Rico, Turkey, Slovakia, Panama, Croatia, Hungary, Portugal, Estonia, Poland, Czech Republic, Lithuania, Slovenia.

According to Worlddata, the ten countries with the lowest price level are from bottom; Uzbekistan, Tajikistan, Kyrgyzstan, Pakistan, Myanmar, Egypt, Nepal, India, Azerbaijan, Algeria. The ten countries with the highest price index are from top: Bermuda, Switzerland, Cayman Islands, Israel, Iceland, Turks and Caicos, Norway, Barbados, Denmark, Ireland.

Different level of prices can be found in the same country. In most countries, data on the cost of living in different cities is not published. We find it empirically. In some provincial towns and small cities, prices are lower compared to big cities. In some countries, cost of living index for different cities is published. In USA, New York and San Francisco are the most expensive cities. In Houston, Texas, prices are approximately 30% lower.

As noted, there are exeptions, where nominal prices are used. Let's say a Greek and a Turk want to go on holiday in Hungary and spend a month's salary. The Greek has 1200 euros salary per month and the Turk 600 euros per month. In their countries, they have the same standard of living. In other words, what a Greek buys with 1200 euros in Greece, a Turk also buys with 600 euros in Turkey.

As long as they stay in their countries, they have the same standard of living. But when they go outside their countries, the Greek has twice as much as the Turk. In Forex, nominal prices are used. In Hungary they will have Hungary's cost of living and thus the Greek will have twice as much as the Turk. Of course, the effects of the higher cost of living are not only positive but mostly negative.