Before the Eeyores start in, here are a few things for perspective.
America makes up 4% of the world's population...
...and yet we crank out 24% of the planet's GDP.
And while we are at the top of the Countries that Consume the Most Oil (2020 barrels per day)
United States — 17,178,000
China — 14,225,000
India — 4,669,000
Saudi Arabia — 3,544,000
Japan — 3,268,000
Russia — 3,238,000
South Korea — 2,560,000
Brazil — 2,323,000
Canada — 2,282,000
— Germany 2,045,000
...we also top the list of Countries with the Highest Oil Production (barrels per day)
United States - 11,567,000
Russia - 10,503,000
Saudi Arabia - 10,225,000
Canada - 4,656,000
Iraq - 4,260,000
China - 3,969,000
United Arab Emirates - 2,954,000
Brazil - 2,852,000
Kuwait - 2,610,000
Iran - 2,546,000
Thus, we Americans, making up only 4% of the planet's headcount, produce about a quarter of GDP - punching way above our weight. In relative contrast, China is a joke.
And if THAT wasn't cool enough, America's 4% of the population is at the top of the equity market food chain:
And, of course, we win the gun race by a mile...
....but we're not losing the murder race.
As for the national debt, we have trillions in untapped oil and gas and mineral resources. IER estimated the worth of the government’s oil and gas technically recoverable resources to the economy to be about 8 times our national debt.
There are lots of problems in the US, but did you notice that even the economic doom newsletter sellers always take payment in fiat currency? So all the Francises...sit down, there is much for which we should be thankful.
There are lots of problems in the US, but did you notice that even the economic doom newsletter sellers always take payment in fiat currency? So all the Francises...sit down, there is much for which we should be thankful.
https://thenewamerican.com/us-debt-downgrade-by-chinese-rating-agency-is-inevitable/
Your points and observation are valid. Compared to the rest of the world we are Golden. But our wealth was earned in prior generations, and we are spending our inheritance.
Things always seem state, until they are not and there is a rapid spiral downward that catches everybody off by surprise.
Don’t give a sh** about the ratings. I do care about the price at the pump and at the grocery store.
But what if I have $20 to "invest" in groceries?
I also highly recommend the Peter Zeihan books "The Accidental Superpower" and "The Absent Superpower."
Both books speak about American exceptionalism and how America is well situated for long term prosperity even while the rest of the world descends into chaos.
I know we are going through a dark period right now and according to the gloom and doomers, the bad guys have the upper hand. But long term, we Americans will come out of it, as we always do.
We can start turning the tide this coming November.
Honestly, we are A- negative outlook IMHO. Another year of Biden, then Kamela, then Chelsea Clinton, CCC-
Well, I do have my share of Eeyore. Hoping you are right, but the trends are all in the red. As they say, hope is not a plan.
An animated version of your charts, over time, would be very interesting.
All of our institutions are now owned by pagans on the left. The prosperity in the past came from believers on the right.
I'm reminded of a scene from "The Big Short" where they talk to the woman from Moody's about how the housing derivatives can possibly carry such a high rating. And to add the perfect symbolism to the scene, the woman from Moody's is wearing dark shades having just been to the eye doctor.
We, the people, are well-armed, yet seemingly well-restrained also, as are the other high gun ownership countries.
Does this mean that human nature and the second amendment go well together?
The same Moody's that missed/deceived investors while rating subprime mortages?
https://www.cbsnews.com/news/moodys-to-pay-864m-to-settle-claims-it-inflated-ratings-leading-up-to-financial-crisis/
Moody’s...
...is about as trustworthy as the CDC.
"Moody's fined: Agency admits to false credit ratings | eNCA"
However......... many fearful foreign investors prefer American real-estate to treasury bonds
Ditto many Americans
Great charts, thanks muchly for posting!
Excellent information. To many folks have no concept of how things work.