BEGGARED AMERICA: what’s happening, how bad is it?

Our politicians, the mainstream media, the super-rich—the globalist elites—they betrayed us.  They put their personal interests before America’s, and sold her off to the highest bidder, lock, stock, and barrel.  In this chapter I will cut through the lies and show you the America they do not want you to see, the America they are ashamed of.

I will show you the real America.

The truth is this: the economy is a slug, the rich are getting richer (but not us), people are working more for less, finding work is a full time job, our industries are mothballed, our trade deficit is bleeding us dry, and the national debt is strangling us like a back-alley murderer.

Here are the facts.

GDP Growth: how giants fall

America’s economic growth is the slowest it has been since the Great Depression; all we need are a few tumbleweeds to set the mood and Herbert Hoover would be right at home. [1]

We know this by measuring changes in America’s gross domestic product (GDP), which is simply the monetary value of all the output (everything from cans of  tuna to the latest blockbuster movie) made within the country during the fiscal year.  A bigger GDP means a bigger economy, and the faster it grows, the better.

But there is more to it than that.  GDP growth can be misleading, because it does not account for population changes.  For example, if the population grows by 1%, then the GDP needs to grow by 1% just to break even.  Real economic growth occurs when GDP increases relative to the population.[2]

This is where things get interesting.  When we account for population growth (which has been rising dramatically since the Immigration and Nationality Act of 1965 opened the borders), we find that the economy has been slowing since the 60’s, and  shows no sign of improving.  In fact, since 2010’s “recovery” from the Great Recession, GDP growth per person has averaged 0.15%.  Wrap your head around that for a second.  Can you imagine getting a 0.15% raise every year?  That is America.

Now prepare to have your mind blown.  The economy grew twice as fast (0.34% per person) during the Great Depression (1929-39).  Yes.  It is that bad.

The economy is a slug.[3]

[1] Figures calculated by author, drawn from: Angus Maddison, The World Economy: Historical Statistics.

[2] Think of it this way: would you rather live in India or Denmark?  On the one hand, India’s GDP is higher, but Denmark’s GDP per person is higher.  Obviously Denmark, because although India’s economy is bigger overall, the average Dane is still far richer than the average Indian.  Likewise, real economic growth occurs when the GDP per person increases, as opposed to overall GDP expansion.

[3] The economy grew 60% faster before 1974 (2.8%) than afterwards (1.7%).  As subsequent sections will make clear, 1973-4 is when everything changed.