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American Prosperity? GDP 31.8% in 2001- Down to 21.6% by 2011
Ms Sans Serif
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[quote:Anonymous Coward 7222496:MV8yMDY2OTI4XzM0NzgxNzI2XzgyREVBMEVF] GDP does not = Prosperity. GDP = Money[u] Moved[/u] EX. If American #1 mows American #2's lawn for $10 he made $10 Then American #2 shovels American #1's drive way for $10 he made $10. No one in this situation made any money. GDP measures the movement of money not actual growth. If the GDP is down either the country was robbed or people are starting to save their money and become more thrifty. The situation is Grim. [/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
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