There is a real economy...millions of Americans producing goods and services, millions of companies and individuals earning money, saving investing.
No economic measure is perfect, and GDP doesn't capture it all. But read any 10-K or 10-Q, or trade publications. Since 2010, we've been kicking economic butt.
Despite what the hate America crowd says, America is an economic titan, outpacing other nations on several metrics and innovating like no other. It's why they want to steal our technology and live here.
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?
Brandon has screwed up a thriving economy. But America always roars back.
