Preheat the oven to 350 degrees F. Butter a 10 cup ring mold pan, and set aside.
In the bowl of an electric mixer fitted with the paddle attachment, cream butter and sugars on medium speed until light and fluffy, about 2 to 4 minutes. Add the vanilla and mix. Add the eggs, one at a time, mixing well after each addition.
In a large bowl, sift together ginger, cinnamon, nutmeg, cloves, baking soda, baking powder, salt and flour. Gradually add the flour mixture to the butter mixture, and mix on low speed just until the flour has been incorporated. Pour batter into prepared pan, and smooth the top with spatula.
Bake until a cake tester inserted into the middle comes out clean, 50 to 55 minutes. Transfer pan to a wire rack to cool completely. Invert onto a serving platter and dust with powdered sugar.
WHIPPED CREAM
Place heavy cream, sugar and cinnamon in a chilled medium bowl. Using a whisk, whip cream until soft peaks form.
Cover with plastic and refrigerate until ready to use. When serving, top each slice of cake with a dollop of cinnamon cream.