Real GDP

“In order for the United States to get to a positive GDP number they must understate INFLATION by 8% and borrow $1.3+ trillion dollars and call it growth, add the two together and the US economy is SHRINKING an incredible 16% a year in real terms. That by definition is a depression (10%+ decline). A great depression is a 20% plus decline. This number DOES not subtract imputed growth so:

When looking at the bottom line for 2010 the US government stated growth was $15+ trillion dollars. Subtract imputed growth, debt called GDP, and understated inflation of approximately 8% and the REAL economic activity in the United States was 30% less than what was reported at about the $10.5 trillion area.”  

–Ty Andros

To read Ty Andros article: When Hope Turns to Fear

Tagged as: Andros, Economic growth, GDP, Great Depression, Gross domestic product, Inflation, Real versus nominal value (economics), United States