Comments by "TheEVEInspiration" (@TheEVEInspiration) on "Irrational exuberance , Krugman the Zombie, Gold non-bubble" video.

@2000drpain86 It is pretty pointless to have a discussion based on GDP when the value in which it is expressed is falling. Even spending borrowed money will increase GDP, while it is clear your net worth goes down in that case. For the same reason, saving something that is loosing value does not give you a growing buffer for when things go south. Inflation will kill you, all the while statistics you adore keep looking good.
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@ronaldvanbell For any measure to have real meaning, you need to exclude government spending. And realize, if 70% of GDP is service sector, where do all the consumable good come from? And where the money to pay for them? If a country runs an eternal trade deficit, then most likely it comes from its main trading partners. In this case China and Japan. Every trade deficit must in a way be borrowed elsewhere or shrunk trough inflation (in the later case the US citizens pay for it too as a tax)
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@Kimmyob You are outright lying on all accounts. There need to be 150.000 job created every month (net) just to break even in the number of people without work! Are you telling me that on average ever month has seen more then net 150.000 new jobs? In what alternate universe? GDP growing = government spending increase and dollar devaluation. In other words more dept and more inflation. Interest rates wend up from 2.6x to 3.3x from October till begin December. Where do you think that ends?
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@TheEVEInspiration /watch?v=Cki4jHCK3_I In this video GDP is discussed at 33:30, it will better word it then I can.
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