"Much of the market nervousness has focused on China, the world's
second largest economy."The world's second largest
economy? " That is debatable.In terms of nominal GDP, the U.S.
is still number one and China is number two. But in terms of GDP based on PPP,
China is number on and the U.S. is number two. " In these terms,
China’s GDP is $17.63 trillion and the U.S. GDP is $17.41 trillion. "
- InvestopediaYou know . . . If we can keep the cost of energy down,
the world economy will BOOM.We should do everything possible to create
clean energy sources, and thereby lower the price of energy through high
supply.Hey RBB -" . . . government is at a loss for
what it can do to keep the economy looking good while it consumes trillions of
dollars every year. "WRONGThe more government
spends, the stronger the economy is.In fact, government spending is
a component of GDP.
We have an economy which is based on smoke and mirrors. For years the Fed has
dumped trillions of dollars into the economy. That cannot be maintained, so
government is at a loss for what it can do to keep the economy looking good
while it consumes trillions of dollars every year. The government has now
consumed more than an entire year of all of our labors beyond what it has taken
in, and that does not address individual debt. If you count all debt,
government, business and personal, we owe more than $60,000,000,000,000.That is like each person in the U.S. owing nearly $200,000. We have to
wake up and stop the nonsense. We cannot borrow our way to prosperity.