gfm7175
Platinum Member
- Mar 22, 2019
- 657
- 470
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The GDP number is an extremely misleading number to people who don't understand how it is calculated nor what it means beyond the surface level. Our economy is currently in the toilet right now. We are actually in an economic depression atm and have been in one since the covid lockdowns. But, but, but GDP is rising!! That's a GOOD thing, right??
Let me explain why that number isn't actually what one thinks it is by way of a short example. Remember that the GDP value is based on dollars, which are subject to inflation, and no, inflation is not "factored into" the GDP number.
BEFORE: 1,000 widgets @ $1.00/widget = $1,000.00 value of economy
AFTER: 686 widgets @ $1.50/widget = $1,029.00 value of economy
The more common (uninformed) reaction: YAYYYYY!!! THE ECONOMY IS GRAND!!!!! +2.9% GDP!!!!!
My (informed) reaction: Wow, the economy sure suuuuuuucks right now... the price of widgets has increased by 50% and the production of widgets is down 31.4%.
That's, in a nutshell, what's happening right now, and that's NOT a good thing. The dollar is being inflated by the federal government "printing money" without any corresponding increase in wealth, and prices are increasing due to the World Economic Forum's "green energy" agenda (aka the war against feasible fuels) which is based on their wacky fundamentalist-style religion of Climate Change. This is causing energy/gas prices to skyrocket, which is causing the prices of everything else to skyrocket.
The "America Last" agenda of Joe Biden's handlers (Marxism) SUCKS BALLS and is only causing poverty and death... Please note that this "America Last" agenda is the very same national level economic agenda of RINOs and members of the RNC club and the politicians who they fund (this includes Ron DeSantis). The "America First" agenda of Donald Trump (MAGA) is what we need to return back to, as it resulted in an increased QOL for everyone throughout his term (until Demonkkkrats drummed up fear mongering in the name of covid)... DONALD TRUMP FOR 2024 PRESIDENT!!!! I digress.
Here's a couple of follow up questions to anyone who thinks that the economy is great right now ---> If the economy is soooo great right now, then why are big tech companies currently laying off employees to the tune of tens of thousands of them? Amazon just laid off 18,000 employees, for example...
If the economy is soooooooo great right now, then why were retailers laying off employees during the holidays when they are usually ramping up for increased demand by hiring a bunch of additional help?
In the real world, outside of the latest manipulative GDP number, people are currently paying more to get less groceries, paying more to heat their homes at a lower thermostat setting, paying more to drive their vehicle less miles, and etc etc...
Let me explain why that number isn't actually what one thinks it is by way of a short example. Remember that the GDP value is based on dollars, which are subject to inflation, and no, inflation is not "factored into" the GDP number.
BEFORE: 1,000 widgets @ $1.00/widget = $1,000.00 value of economy
AFTER: 686 widgets @ $1.50/widget = $1,029.00 value of economy
The more common (uninformed) reaction: YAYYYYY!!! THE ECONOMY IS GRAND!!!!! +2.9% GDP!!!!!
My (informed) reaction: Wow, the economy sure suuuuuuucks right now... the price of widgets has increased by 50% and the production of widgets is down 31.4%.
That's, in a nutshell, what's happening right now, and that's NOT a good thing. The dollar is being inflated by the federal government "printing money" without any corresponding increase in wealth, and prices are increasing due to the World Economic Forum's "green energy" agenda (aka the war against feasible fuels) which is based on their wacky fundamentalist-style religion of Climate Change. This is causing energy/gas prices to skyrocket, which is causing the prices of everything else to skyrocket.
The "America Last" agenda of Joe Biden's handlers (Marxism) SUCKS BALLS and is only causing poverty and death... Please note that this "America Last" agenda is the very same national level economic agenda of RINOs and members of the RNC club and the politicians who they fund (this includes Ron DeSantis). The "America First" agenda of Donald Trump (MAGA) is what we need to return back to, as it resulted in an increased QOL for everyone throughout his term (until Demonkkkrats drummed up fear mongering in the name of covid)... DONALD TRUMP FOR 2024 PRESIDENT!!!! I digress.
Here's a couple of follow up questions to anyone who thinks that the economy is great right now ---> If the economy is soooo great right now, then why are big tech companies currently laying off employees to the tune of tens of thousands of them? Amazon just laid off 18,000 employees, for example...
If the economy is soooooooo great right now, then why were retailers laying off employees during the holidays when they are usually ramping up for increased demand by hiring a bunch of additional help?
In the real world, outside of the latest manipulative GDP number, people are currently paying more to get less groceries, paying more to heat their homes at a lower thermostat setting, paying more to drive their vehicle less miles, and etc etc...