Nominal GDP growth over the past five years would have been negative if US public debt had not increased. Buy Bitcoin..!!

stephenkendal (77)in #investors-group • 5 years ago

#Investors-Group - Zombie Economy. Global #Debt

Zombie Economy - Global #Debt

Regular readers of my Blog will know that for the past +2 years I have talked about the state of the Global Economy and the fact that we are in a deep recession.

Despite all the garbage and vomiting diarrhea that continues to be spurted out by the Mainstream Media regarding regarding the Global Economy, things are bad.

They are really bad..!!

Earlier on I was scanning my twitter feed and came across this tweet that I thought I would share with you.

Credit to Zerohedge for the tweet.

"Nominal GDP growth over the past five years would have been negative if US public debt had not increased" - Gundlach

https://twitter.com/zerohedge/status/1128398534611488771

My response

My response to the tweet should come as no great surprise to regular readers of my Blog.

Buy #Bitcoin..!!

https://twitter.com/StephenPKendal/status/1128531939542097920

Thanks again for reading.

Stephen

#debt #politics #money #news

5 years ago in #investors-group by stephenkendal (77)

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builderofcastles (64) 5 years ago

GDP would have also been negative if:

they didn't count govern-cement employee wages.
they didn't count Obomba-un-care payments.
they actually calculated inflation like they did under Reagan.
...

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boyanpro (54) 5 years ago

So, basically American economy (once called the biggest and the most powerful in the whole World) is living on made up money from tin air and its debt is much larger than capital backing it up?

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