Comments by "Charles Brightman" (@charlesbrightman4237) on "GDP shows U.S. economy grew at a record pace in Q3" video.

"The U.S. economy grew at a record pace in the third quarter, fueled by more than $3 trillion in pandemic relief." And sure, let me run up the government's charge card and I could make the economy look better too. What is the plan on paying off the nation's ever growing massive debt?
3
@edd06001 Bitcoin: Consider also: The Earth's magnetic field continues to weaken, projected to be at it's weakest around 2035 and the Earth's magnetic poles continue to move, most probably going to flip again, as has occurred numerous times in Earth's history. But with the weaker and changing magnetic field, especially during strong solar storms, could potentially wipe out the electric grid or at least some satellites in outer space, as electronics operate on very small volts and amps. It would only take one satellite to fail, crash into another satellite, to potentially trigger a cascading effect of failing satellites, plus the loss of those systems to Earthlings. What are all these bitcoin holders going to do without satellite communications and/or the electric grid? What even is corporate America and the rest of the global economy going to do?
1
@mscolli3 It's not just inflation, but inflation certainly is a part of it. The US Fed has a target rate of 2% inflation every year, but that is also 2% on top of all the 2%'s that came before it, which turns out to be a lot of inflation over time. If people's wages, benefits and even saving's account interest do not keep up with the true cost of inflation, then they are falling behind in buying power. Slavery was supposed to be abolished here in America, but it seems was replaced by a system of 'economic slavery'. But then also, space travel, the ONLY thing that might save species from this planet Earth, has gotten more expensive just in my time here upon this Earth. What is space travel going to cost in the next 100, 1000, 1 million years from now? Economic inflation just might be a contributing factor to the demise of all life from this planet called Earth. Instead of talk of doing away with things like the penny, they should actually be trying to bring back and maintain the value of the penny. And then, instead of a target of 2% inflation annually, their target should be 0% inflation annually. Otherwise, they will economically inflate themselves into extinction. And they are supposed to be the 'smart' ones in the economy too. Dumb asses, all of them. They fail to see the eternal big picture.
1
@edd06001 What good is money if everybody is 'dead'? The potential 'economic crash' coming might just also be the 6th mass extinction event for various reasons. Build your safe bunkers and infrastructures underground and away from the oceans, preferably in the mountains. But even that will have it's issues with water and food. But still, dead is dead, eternally dead.
1
@mscolli3 It's also like what they utilize for 'COLA', Cost of living allowances, they only utilize certain items, from certain places, at certain times of the year, to calculate it. It is often way off due to how they calculate it. Of course also, if inflation were 0% annually, no COLA would ever be needed. Let's start calling this economic system what it truly is, 'economic slavery'. People have to properly identify a problem before they can properly deal with that problem one way or another.
1
@edd06001 And you and other need to learn some science and deal with more real reality. For example, consider the following copy and paste from my files. (And for you or any other entity out there, if you think the following is wrong, please feel free to show me where it is wrong, and with evidence please, so that I can correct myself so as to properly deal with absolute truth reality). And this is besides the 6th mass extinction event, which is probably already started due to primary natural reasons, and the 6th mass extinction event won't be the last for species here upon this Earth. Consider the following: * There are 3 basic options for life itself, which reduce down to 2, which reduce down to only 1: a. We truly have some sort of actual conscious existence throughout all of future eternity. b. We die trying to truly have some sort of actual conscious existence throughout all of future eternity. c. We die not trying to truly have some sort of actual conscious existence throughout all of future eternity. * 3 reduced down to 2: a. We truly have some sort of actual conscious existence throughout all of future eternity. b. We don't. And note, two out of the three options above, we die. * 2 reduced down to 1: a. We truly have some sort of actual conscious existence throughout all of future eternity. b. We truly don't have any conscious existence throughout all of future eternity. (And note, these two appear to be mutually exclusive. Only one way would be really true.) And then ask yourself the following questions: 1. Ask yourself: How exactly do galaxies form? The current narrative is that matter, via gravity, attracts other matter. The electric universe model also includes universal plasma currents. 2. Ask yourself: How exactly do galaxies become spiral shaped in a cause and effect state of existence? At least one way would be orbital velocity of matter with at least gravity acting upon that matter, would cause a spiral shaped effect. The electric universe model also includes energy input into the galaxy, which spiral towards the galactic center, which then gets thrust out from the center, at about 90 degrees from the input. 3. Ask yourself: What does that mean for a solar system that exists in a spiral shaped galaxy? Most probably that solar system would be getting pulled toward the galactic gravitational center. 4. Ask yourself: What does that mean for species that exist on a planet, that exists in a solar system, that exists in a spiral shaped galaxy, in an apparent cause and effect state of existence? Most probably that if those species don't get off of that planet, and out of that solar system, and probably out of that galaxy too, (if it's even actually possible to do for various reasons), then they are all going to die one day from something and go extinct with probably no conscious entities left from that planet to care that they even ever existed at all in the first place, much less whatever they did and or didn't do with their time of existence. 5. Ask yourself: For those who might make it out of this galaxy, (here again, assuming it could actually be done for various reasons), where to go to next, how long to get there, how to safely land, and then, what's next? Hopefully they didn't land in another spiral shaped galaxy or a galaxy that would become spiral shaped one day, otherwise, they would have to galaxy hop through the universe to stay alive, otherwise, they still die one day from something with no conscious entities being left from the original planet to care they even ever existed at all in the first place, much less that they made it out of their own galaxy. They failed to consciously survive throughout all of future eternity. 6. Ask yourself: What exactly matters throughout all of future eternity and to whom does it exactly and eternally matter to? Either at least one species truly consciously survives throughout all of future eternity somehow, someway, somewhere, in some state of existence, even if only by a continuous succession of ever evolving species, for life itself to have continued meaning and purpose to, OR none do and life itself is all ultimately meaningless in the grandest scheme of things. Our true destiny currently appears to be: 1. We are ALL going to die one day from something. 2. We are ALL going to forget everything we ever knew and experienced. 3. We are ALL going to be forgotten one day in future eternity as if we never ever existed at all in the first place. Currently: Nature is our greatest ally in so far as Nature gives us life and a place to live it, AND Nature is also our greatest enemy that is going to take it all away. (OSICA) * (Note: This includes the rich, powerful, and those who believe in the right to life and the sanctity of human life. God does not actually exist and Nature is not biased other than as Nature. Nature does what Nature does in a cause and effect kind of way. Truth is still truth and reality is still reality, regardless of whatever we believe that reality to be. And denying future reality will not make future reality any less real in a cause and effect state of existence.) ** Hence also though, legalizing suicide (or at least make suicide not illegal) so as to let people leave this life on their own terms if they wish to do so. Many people and species are going to die in the 6th mass extinction event that has already started, at least some, horrible deaths. Many will wish they could die, and all will, eventually. And the 6th mass extinction event will not be the last mass extinction event for this Earth. But if suicide were legal (or at least not illegal), at least some people would not have the added guilt of breaking societies' law before doing so. Just trying to plan ahead here. Giving people an 'out' if they wish to take it. Added Note: As this is a search for the real absolute truth concerning the future, please feel free to copy and paste this elsewhere to further the analysis and discussion. * Added note: These items in Nature are like way points on a journey, with a final destination of most probably eternal death. What good is money and power if everybody is dead?
1
Question: Why do economist have a disconnect between GDP and the real economy? Even if the stock market does well, the rest of society might not be. Economist do not seem to be dealing with total reality.
1
@edd06001 Consider also, GDP is 'new' items only. It does not take into account non-GDP items 'used' items in an economy and items like the black market, which are all also a part of a total economy. I would even argue that a nation could have a very vibrant economy on basically just non-GDP items. If economist do not deal with total reality, then they most probably won't make the correct decisions for the total economy. They appear to be clearly one sided and actually could harm a nation if taken too far, which from my perspective, seems has already occurred.
1