Users Online Now:
Donate To GLP
Back to Forum
Back to Thread
REPLY TO THREAD
American Prosperity? GDP 31.8% in 2001- Down to 21.6% by 2011
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 961432:MV8yMDY2OTI4XzM0NzgxNTI4XzY2RTI1OTg3] [quote:GodFrequency:MV8yMDY2OTI4XzM0NzgxMDg4XzlBQzY3M0U2] The scarier version of this number is that: The Fed is the largest buyer of treasuries. This is the number we get while printing money and running deficits. This is a number created by a rigged stock market consisting of high frequency trading, buying our own treasuries, buying our own mortgage backed securities, and Quantitative easing to infinity. Between the years of 2008 and 2010 the Federal Reserve lent spent or borrowed 16 trillion dollars, and still the decline. This number is with the United States having trillions and trillions of derivatives! More than the worlds GDP This number is with a country that use to have the worlds reserve currency! This number is with the big banks paying nothing in taxes, and all the corporations exempt from Obamacare. This number would be negative if the real economic horror were to be seen. This is the number where we were all supposedly going to be saved by keeping General Motors, and all the Big banks by bailing them all out! Do you presume to question the great and powerful Federal Reserve? [/quote] Strangely, the dollar operates as a "Triffen Good" meaning the world has a high demand for the dollar to meet trade settlements, as global trade increases so does the demand for dollars overseas. However, US Corporations have been able to manufacture a seeming increase in profits over the past 4 years or so as the fed tries to devalue the dollar against other currencies, which makes their profits measured in foreign currencies appear to increase. So as the fed works to devalue the dollar other countries have a higher demand for dollars to settle trade, its a paradox. These are all accounting gimmicks, our whole eCONomy runs on gimmicks now, eventually gimmicks will lose their appeal and then we can start addressing the real problems like adults, most likely when the world switches over to some other unit of account for trade settlements, bills of credit. [/quote]
Creating the illusion of economic growth is easy if you can print money. It’s a prank you can play on an entire country. Cut the value of the currency in half and the economy’s size will appear to double.
The only way to accurately measure changes in a nation’s economy is to do so relative to the world (see Notes for non-nerds below before protesting). According to the World Bank, the U.S. represented 31.8% of the world’s economic activity in 2001. By the end of 2011, that share had dropped to 21.6%, meaning America’s slice of the world economy is 32% smaller than it was a decade ago, and getting smaller every day. Note that America’s housing bubble did nothing to boost the U.S. on the global stage.
link to acrossthestreetnet.wordpress.com
Let's see how much the government can print this month and lie to us about how well we're all doing! Weeeeeeee
Pictures (click to insert)
Big Round Smilies
Aliens and Space
Friendship & Love
Misc Small Smilies
View All Categories
Next Page >>
Creepy AI Telemarketer Sounds Human, Denies Being a Robot
Possibility of Cloning Quantum Information from the Past
How nanotechnology can trick the body into accepting fake bones
What Is Happening To Alaska? Is Fukushima Responsible For The Mass Animal Deaths?
Bill & Melinda Gates Foundation Invested Millions in Scandal-Plagued Private Prisons,
EPA says taking over private property will benefit the economy
Society Should Prepare for Devastating Solar Flare (CME)
Arizona Senator Introduces Legislation To Nullify NSA
Google Planning Brain Microchip
JPMorgan files patent for Bitcoin-style payment system
Nelson Mandela Was On The U.S. Terrorist Watch List Until 2008
DOJ Agency Warns Of Police Militarization
Bill of rights to protect black shoppers from racial profiling...[Another Sharpton Shakedown]
Chart Of Radiation Dose Levels In Millisieverts
Christians Are Being Burned Alive, Beheaded, Crucified, Tortured To Death And Imprisoned In Metal Shipping Containers
Facebook teams up with NYU for artificial intelligence study
U.S. Power Grid Unprepared for Renewable Energy
NSA and CIA Spied in Online Games
Geoengineered Snow Storms Wreaking Havoc Around the Globe
EPA To Control Private Streams And Creeks
NASA to attempt to grow vegetables on the moon
New Evidence Shows Native Americans' Origins are Older than Previously Thought
National Parks Could Close Again: Another Government Shutdown Set for Next Month
Predatory tax lien buyer spreading misery across U.S., but who’s behind it?
Virginia Cops Encouraging Citizens to Take Photos of Other Citizens Taking Photos
Disclaimer / Copyright Info
with questions or comments about this site.
"Godlike Productions" & "GLP" are registered trademarks of Zero Point Ltd.
Website Design Copyright © 1999 - 2014 Godlikeproductions.com
Page generated in 0.007s (7 queries)