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The Forum > Article Comments > US economic leadership remains paramount > Comments

US economic leadership remains paramount : Comments

By Chris Lewis, published 11/10/2021

Today the US economy still remains important despite its gross domestic product (GDP) declining from 40 percent of world output in 1960 to 24 per cent by 2019.

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Chris.

A lovely collection of economic facts and figures which totally ignores the home reality of the US economy.

The average middle class American has only a four thousand dollar buffer zone of saved and available surplus to cater for any emergency which will impact on repayments of over indebtedness.
US consumers are floundering around in debt swamps, as in Australia.

And fails to properly address the fake reality of a housing bubble value added.
If inflation scorches ahead, as it really should be doing under the debt burden, the effects of which are highly skewed by unprecedented manipulation of interest rates, itís more probable to speculate, judging by past economic catastrophies, eg the Great Depression and more recently, the GFC, that world economies will crash simultaneously.

Usually, at this state of economic calamity, war is not far away. The evidence of that reality is stark.
Then where does it all land, and who pays up?

Dan
Posted by diver dan, Monday, 11 October 2021 10:28:29 AM
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As the cost of energy went up, Us economic activity declined. And as the result of price gouging snd carrying too many passengers? And too many paper shuffling, profit demanding middlemen!

It could again that former status if it converted its economy to one reliant on the most energy-dense material in the world, i.e., Thorium as MSR thorium and use cooperative capitalism to put a real cap via competition for customers, on reticulated prices that could be 1 to 2 cents PKWH!

And let's break up some of the big players who cannot be allowed to become too big to fail and able as mega monoliths to swallow smaller more efficient, suppliers

Then follow that with genuine tax reform, where the top tax rate is 15% above a generous tax-free threshold. And rolled out as an unavoidable flat tax! And where we should be going, if we were but intelligently led!
Alan B.
Posted by Alan B., Monday, 11 October 2021 9:05:11 PM
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Us should be read as US!
Alan B.
Posted by Alan B., Monday, 11 October 2021 9:07:41 PM
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Thanks Chris.
Posted by Canem Malum, Wednesday, 13 October 2021 6:14:21 AM
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