Therefore, the US economy is in bad shape, but quite sustainable because the world accepts American paper for actual goods.
American Economics Thread
- Thread starter Bernard
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The question is how long will the world accept the toilet paper and when the rug will be pulled out to ensure that not only the USA is blind sided but also completely at a loss of what to do. Also to note, American paper cannot lower inflation no matter how much is printed out, otherwise, there will be no lower class citizens in the USA.
More printed money means more inflation. All printed money means debt, you can't avoid this because value roots out of productivity. Money is objectified productivity, no matter what (even you are a factory worker or a football athlete your value is counted by money). Printed money means productivity loaned from the future, value objectified before being worked.US economy stays afloat because of manipulating dollar value by force but...The clock is ticking
That's not how it works whatsoever but okay. The world's largest exporter is China with 3.6 trillion of goods exported. Second? United States, at 2 trillion. The idea that United States just prints money is ludicrous. Open up trade data.
US nominal GDP is becoming increasingly divorced from reality. It used to increase like $0.5B a year now it's doing $2B a year. Has the US undergone a technological revolution to warrant this increase in GDP? It hasn't. It's simply inflation, debt, interest rates.
Simply put, US GDP seems like a bubble. 90% of American workers do the exact same job as everyone else in the developing world with the exception of 10% of Americans who work in tech companies like Google, FB, Microsoft, Apple, Intel, Nvidia, Qualcomm, Tesla, and research institutions which is what really props up US GDP and allows the American barber to earn (and contribute to US GDP) 10x the barber in any other country while doing the same exact job.
It would be sustainable for US if it weren't for China challenging their technological dominance.
Simply put, US GDP seems like a bubble. 90% of American workers do the exact same job as everyone else in the developing world with the exception of 10% of Americans who work in tech companies like Google, FB, Microsoft, Apple, Intel, Nvidia, Qualcomm, Tesla, and research institutions which is what really props up US GDP and allows the American barber to earn (and contribute to US GDP) 10x the barber in any other country while doing the same exact job.
It would be sustainable for US if it weren't for China challenging their technological dominance.
Q1 2021 to Q1 2022 increased by $2.4 trillion. Q1 2017 to Q1 2018 it increased by $1 trillion.
Lol. Real median individual income in United States went from $37,000 to $40,500 2016-2022. It's actually even higher now.
You know what the problem with y'all is? United States is a strong economy with strong fundamentals. China will surpass United States by having a better economy and a strong military that will force a US decline through military and geopolitical victory, not because United States is going to collapse into itself.
So stop making things up.
Only if you can somehow make the trade deficit disappear. In 2022, the US had trade deficit of , up from 845 billions in 2021.
Evergrande would have not been in any trouble if Hui Ka Yan could have had burnt all the IOU notes he signed.
The implication that trade deficits are bad is Trump-tier.
Housing and personal expense are too high. You will be struggling hard to survive in America with that kind of salary unless you live in a public housing.
Multiculturism will destroy America and change its constitution. Just wait until the colored people take up 50-60% of the congress. Right now, only 25% of congressmen are colored.
No. Housing is an issue, but no, most people don't need public housing. Most people are just fine.
Sorry, I'm not racist. You're preaching to the wrong crowd here.