A country's GDP is calculated by totalling the amount of money spent on goods and services. CPI inflation during the identical period is used as a deflator because inflation reflects a decrease in the purchasing power of its currency. The same methodology is used worldwide. (If it wasn't then in Venezuela today, where there's raging hyperinflation, they'd have the highest GDP growth on the planet by a light year while simultaneously having the worst economy because their currency is practically worthless.)Originally Posted by Wales-Bales
Current official GDP in the U.S. stands at 2.3%. That means the total spent on goods and services there in the past year rose by 4.3% because the official CPI inflation there rose by 2%. In reality, for reasons outlined in a earlier post, the true CPI inflation is at 10%, meaning GDP is not +2.3% but -5.7%. As stated prior, its economy has been in minus territory every year since 1996 and is why they keep piling up debt upon more debt. Germany, along with all other 200+ countries, does include what the Yanks don't in their CPI inflation figure because grub and energy are critical expenses to all citizens globally with the exception of Americans who are being stripped of their wealth by this deception. Donny is ensuring they're going to become poorer at an accelerating rate through begging its central bank to issue new debt (aka money) like maniacs.
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