Posted on 06/10/2022 4:14:22 PM PDT by blam
RE: He doesn’t know where it’s all going and he finishes the thread asking, “What’s the end game?”
Everything is okay then?
In addition, the gdp is a terrible measure of US productivity. It was created during an industrial economy, and doesn’t recognize the value of, for example, data, software, IP, etc.
Not suited to the Information Age.
Still, that’s no excuse for the govt running up the national debt so politians can buy votes.
Hardly “OK”.
I see many defects in his analysis.
But that does not mean that something bad isn’t going to go down, very likely for not-quite the same reasons. Maybe even sooner than he thinks.
The GDP can be said to be obsolete in a) how it deals with depreciation and b) how it deals with investment, in the alternate way of figuring GDP.
However, sales of software is still captured in consumption and services, so I doubt the difference is significant.
Data, software and IP are still paid for. Some people may insist that there is some unaccounted for value in this, but does it matter if it isnt turning into $? Maybe value is being created that will turn into $ in the future. I say it should be counted when it does actually turn into $.
The US dollar may lose hard currency status.
A trip to Europe would have to paid in Euros and Chinese imports paid for with raw materials, Euros or yen.
He is 100% correct. I will go further. America stands in the way of this. We must be DESTROYED for it to proceed. It will take place in the form of sabotage, and EMP or a bioweapon. Or 1000 shipping containers with nukes. Like the 1000 that are off each of our shores currently. What are we doing about it ? Nothing.
Many drugs have no market value.
They are too expensive for personal purchase and governments must buy them or force “insurers” to do so.
The Global Warming Nuts will create the Soylent Green world
><
True. But it would be worse.
Biggest theft in
History ,Thanks to all
Marxist Social Engineers.
Burning down the house!
Just to kill the goose that laid the golden eggs...
The leftists will feast but only for a little while.
Then they’ll start eating their own...
Go to Rev. 20-—
.
It’s a Happy Ending.
“$193 trillion”
That would be about $600,000 per US resident.
The true amount is probably about a quarter of that.
Ping
Bit Russia Russia Russia!
BUT Russia Russia Russia!
Forgot all about Kim Dotcom
Think of a scenario akin to Biden’s/ US withdrawal from Afghanistan.
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