The US Economy Is 25% Of the Global GDP with just 334 million (4.25% of the global population) This is extremely important to understand because it gives you the context required to better understand so many various narratives that are pushed all over media and politics.
Here are some examples
China has 1.45 billion people (18.5% of the global population) producing $18 trillion (18%) of the Global GDP.
India has 1.4 billion people (18% of the global population) producing $3.4 trillion (03%) of the Global GDP.
Russia has 146 million people (1.87% of the global population) producing $2 trillion (01.9%) of the Global GDP.
BRICS combined has 3.3 billion people (43% of the global population) producing $26 trillion (26%) of the Global GDP.
*3.3 Billion people can barely match the economic output of the 334 million people.
*The wealthier 3.3 billion people become the more customers the 334 million Americans will have to profit from. As such it is not bad for the US if BRICS could grow their GDP. The complete opposite is true. 334 million Americans will have 10 times more customers who can afford high-end goods and services for more profit.
*That means the US $ will strengthen if the BRICS could manage to become wealthier with 5 different political powers looking out for themselves rather than the whole. Good luck with that!
*Russia's 1.9% of global GDP is no match for the US's 25% of global GDP, let alone 32 NATO member nations, or the 50 counties supporting Ukraine. Putin has literally committed economic suicide on behalf of all Russians. This is a humanitarian crisis with absolutely no benefit to Russia even if they could conquer Ukraine and all of the former Soviet block. Scorched earth is not conducive to a healthy vibrant economy.
These are just a few examples of how this little bit of information can help people better understand the context of silly or accurate narratives that are flying around all over the place constantly that sound good but have no basis in reality.
Here are some examples
China has 1.45 billion people (18.5% of the global population) producing $18 trillion (18%) of the Global GDP.
India has 1.4 billion people (18% of the global population) producing $3.4 trillion (03%) of the Global GDP.
Russia has 146 million people (1.87% of the global population) producing $2 trillion (01.9%) of the Global GDP.
BRICS combined has 3.3 billion people (43% of the global population) producing $26 trillion (26%) of the Global GDP.
*3.3 Billion people can barely match the economic output of the 334 million people.
*The wealthier 3.3 billion people become the more customers the 334 million Americans will have to profit from. As such it is not bad for the US if BRICS could grow their GDP. The complete opposite is true. 334 million Americans will have 10 times more customers who can afford high-end goods and services for more profit.
*That means the US $ will strengthen if the BRICS could manage to become wealthier with 5 different political powers looking out for themselves rather than the whole. Good luck with that!
*Russia's 1.9% of global GDP is no match for the US's 25% of global GDP, let alone 32 NATO member nations, or the 50 counties supporting Ukraine. Putin has literally committed economic suicide on behalf of all Russians. This is a humanitarian crisis with absolutely no benefit to Russia even if they could conquer Ukraine and all of the former Soviet block. Scorched earth is not conducive to a healthy vibrant economy.
These are just a few examples of how this little bit of information can help people better understand the context of silly or accurate narratives that are flying around all over the place constantly that sound good but have no basis in reality.
Real Macro Economic Investing
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