USA GDP growth due to overcapacity in printing money

 50 years ago, USA was a great country then, while China was a poverty-stricken backwater, even touted as having people only fit to be chefs and laundrymen.

50 years later, the Wheel of Fortune has turned, and it is becoming the other way round with China eradicating poverty en masse, while homelessness and infrastructure decay is apparent in the USA from end to end.

The USA is trying to musk the differences by touting about its GDP growing so fast and furious over the last couple of years, putting China in the dust, which boggles the mind. How could a country growing at just around 2.5% be adding several trillion to its GDP figures over such a short period of time? The answer lies in its overcapacity in printing money propping up Wall Street companies and benefitting the super-rich.

Just imagine Nvidia, a USA tech company valued at US$3.3 trillion sometime in June, more valuable than the whole GDP of ASEAN countries combined, with hundreds of millions working their butts off. Or about the GDP of India, a country of 1.4 billion population. Or more valuable than many of the countries in the G7. Possible or fantasy?

Anonymous