The government used to do it like this GDP = C + I + G + (E - I) where C = retail Consumption I = Investment G = Government spending (E - I) = Exports minus Imports ...now they screw it all up. I would do it like this GDP = G(P) + S(P) where G = gross production of Goods (including investments) S = gross sales volume of services P = nominal retail Prices And I would not adjust for inflation.
GDP does NOT include current or future debts that MUST be paid and niether does CORE inflation included in the GDP figures therefore the US was in a recession a YAER ago - Benanke is just plain lying - he even denies a recession
Damit I wish I would have voted for Ron Paul. I would have if it wasnt for that Palin. She had the answer cheap energy. With 75 cent gas and cheap electricity we have aluminum, steel, cars every industry would return. Look at Iceland they are broke but the aluminum companys are there because of the geothermal cheap energy.
Beck is not a Republican, he is a Libertarian. There's a big difference. Most conservatives today aren't Republicans, the party is too much like Democrats. Beck has been saying stuff like this for 2 years, no one believed him.
He is a certified moron. Brain dead piece of shit. Even shit has some worth...you can make natural gas out of it. But with this moron, its worse. He creates new shit and thats all.
The irony is that this man who has an I.Q. poorer than a 1st graders, (better than Palin though) is the voice of the republican party.
Actually ... its not not an irony, quite understandable.
Deflation? Not true. People keep spouting we are in a deflationary period.
No we are not. What we have is a down swing in the growth of the inflation rate. A downturn in the growth rate of inflation DOES NOT EQUAL DEFLATION!
We still have positive inflation numbers and when all this new money creation from all these bailouts finally filters through the economy we can likely expect massive inflation spikes.
The problem with Glenn Beck is he takes up all the time asking questions. Time his vocal during the interviews he talks more than the guests everytime
Glen Beck is a pansy ass. He has good guests on his show, but he's too much of a gullible apple pie eating dumb American. He has too much faith in the "American Dream" to be taken seriously. The American Dream is the most ignorant idea ever conceived by any nation to begin with. A country completely dependent on a finite energy source??? Good choice. LOL
I think George Bush should just give every American a $5,000 check, instead of a lousy $600 bucks.
Most dummies will go out and buy video games and plasma t.v.'s. Smart people will go out and buy precious metals and an auctioneers license, so we can sell people's junk, when they need to sell what they have....to pay the bills.
As a Canadian I can tell you that Canada will be in trouble almost as badly as the US is. It's no co-incidence that the US dollar fell rapidly to match the Canadian dollar, and then all of a sudden, mysteriously they are both locked on par.
Your right... It now feels like Thelma and Louise in separate cars.... headed for a cliff, but the average joe is totally oblivious. They think the canadian dollar is strong.
Well there is alot of truth to this. Everyone is feeling the fact that manufacturing jobs are disappearing so what are we really producing- teachers? If inflation continues as a result of lack of REAL economic growth in the form of good jobs and an increase in government spending as with Iraq and with a Democrat president likely and both houses democratic we could be in for a bad trip.
LOL.. Iraq is an "increase in government spending"? Learn some economics. The spending in Iraq is sourced by DEBT, namely the US Government selling China, Japan and other countries Treasury notes and bonds - basically the US is using its credit card to pay for the war in Iraq. And guess what? Nobody can pay it back. Democrat or republican has fuck-all to do with it. The dems will continue the war, and YOU will have to pay the bill - through hyperinflation. Good luck. :)
actually bill clinton caused it by sitting on his ass when the economy was booming. he didnt do anything to MAINTAIN it. as a result, because of what ronald reagan did, clinton allowed it to crumble. anything you do to the economy TODAY will not take effect until ten years down the road. it isnt immediate.
This has been flagged as spam show
----------
See the trailer for the new documentary film GLENN BECK - TROJAN HORSE
bythetwilight . net...
----------
claurencefey 1 year ago
There are too many John Williams' in the world.
trombonelytrombonist 1 year ago
The world is coming to an end in a few years, and Glenn Beck, the clay headed moron predicted it a few years ago.
He just said it and must be true.
nevertheless123 2 years ago
Piscivorus 2 years ago
GDP does NOT include current or future debts that MUST be paid and niether does CORE inflation included in the GDP figures therefore the US was in a recession a YAER ago - Benanke is just plain lying - he even denies a recession
salahuddin786 2 years ago
sdgsdgsdg
salahuddin786 2 years ago
Damit I wish I would have voted for Ron Paul. I would have if it wasnt for that Palin. She had the answer cheap energy. With 75 cent gas and cheap electricity we have aluminum, steel, cars every industry would return. Look at Iceland they are broke but the aluminum companys are there because of the geothermal cheap energy.
golfprobro4eagles 2 years ago
hahahahaha you voted for Palin thinking she will give you cheap enregy??
hhahahhaaa.
I bet you are smarter than her. Even a piglet is.
nevertheless123 2 years ago
fuck glenn beck hes a bought and paid for shill
matello18 2 years ago
Beck is not a Republican, he is a Libertarian. There's a big difference. Most conservatives today aren't Republicans, the party is too much like Democrats. Beck has been saying stuff like this for 2 years, no one believed him.
chifour66 2 years ago 2
Beck is neither a republican nor libertarian.
He is a certified moron. Brain dead piece of shit. Even shit has some worth...you can make natural gas out of it. But with this moron, its worse. He creates new shit and thats all.
The irony is that this man who has an I.Q. poorer than a 1st graders, (better than Palin though) is the voice of the republican party.
Actually ... its not not an irony, quite understandable.
nevertheless123 2 years ago
@nevertheless123
Considering what has happened in the past few days, do you think you want to reconsider your assessment on Beck. He systematically predicted this.
ceceliacolleen 5 months ago in playlist $$$
@ceceliacolleen LOL he systematically predicted this!!!???
the very reason why we have the recession is that dummies like beck start being economists...
nevertheless123 5 months ago
Glenn called the economy tanking ahead of most people.
treetoploverboy 3 years ago
Deflation
Stan1208 3 years ago
Deflation? Not true. People keep spouting we are in a deflationary period.
No we are not. What we have is a down swing in the growth of the inflation rate. A downturn in the growth rate of inflation DOES NOT EQUAL DEFLATION!
We still have positive inflation numbers and when all this new money creation from all these bailouts finally filters through the economy we can likely expect massive inflation spikes.
sublimetrance 3 years ago
Look even if you don't like Beck, he at least has guests on his show that talk straight, especially when it comes to economics.
zenmachinefilms 3 years ago
I agree, Glenn Beck is an ASSHOLE
Justgetout 3 years ago
The problem with Glenn Beck is he takes up all the time asking questions. Time his vocal during the interviews he talks more than the guests everytime
itillbeme 3 years ago
Glen Beck is a pansy ass. He has good guests on his show, but he's too much of a gullible apple pie eating dumb American. He has too much faith in the "American Dream" to be taken seriously. The American Dream is the most ignorant idea ever conceived by any nation to begin with. A country completely dependent on a finite energy source??? Good choice. LOL
ian4040 3 years ago
vote bob barr. we need freedom and we need to vote for bob barr and end the federal reserve
end the income tax
alansready 3 years ago
This has been flagged as spam show
Vote Ron Paul if you want real change in this country!
pfctjd 3 years ago
i did vote fro ron paul now i need to vote for bob barr ..
ron paul is not on ballet
alansready 3 years ago
Bob Barr is a neo-con
sublimetrance 3 years ago
The depression is already here and we are no longer an economic superpower I say within the next two years Haiti will have us beat.
newbutton7 3 years ago
The depression is not here. We will be fine.
Stan1208 3 years ago
Mr. Williams has the facts to back up his conclusions. The optimists have questionable data.
InTheSticks1881 3 years ago 2
God, gold, and silver. Be in pocession of all three, especially God.
truthsabre7 3 years ago 2
i thought this was the composer from star wars
michaelkulov 3 years ago
michaelkulov
So what if he is? If you watch the Star wars episodes it is eerily like what we are going though now.
countrybob2 3 years ago
that 5 grand will come out of ALL of our pockets, which will aid the fall of our economy, and make the situation worse
JesseD3232 3 years ago 2
I think George Bush should just give every American a $5,000 check, instead of a lousy $600 bucks.
Most dummies will go out and buy video games and plasma t.v.'s. Smart people will go out and buy precious metals and an auctioneers license, so we can sell people's junk, when they need to sell what they have....to pay the bills.
TheMarketingGroup 3 years ago
Not every one is as smart as you think you are.
Hell, you are nowhere near as smart as you think you are
oldjoe5 3 years ago
And a lot of dummies will buy gold at the top and wait several years to break even, if they live that long.
TYX91101 3 years ago
here we come canada... bring ur coats =)
titocolombia5388 3 years ago
I already have a job secured in Germany where the euro cost $1.50 I am out of next haiti in 3 months
newbutton7 3 years ago
As a Canadian I can tell you that Canada will be in trouble almost as badly as the US is. It's no co-incidence that the US dollar fell rapidly to match the Canadian dollar, and then all of a sudden, mysteriously they are both locked on par.
sirellyn 3 years ago
Your right... It now feels like Thelma and Louise in separate cars.... headed for a cliff, but the average joe is totally oblivious. They think the canadian dollar is strong.
herbison 3 years ago
I think this rate lock portends the North American Union.
JimLundberg 3 years ago
You think we're any better up here in Canada? It aint a rose bush like the media makes it out to be.
fatface111 3 years ago
Fasten your seatbelts, fellow Americans. We're f--ked.
anilomd 3 years ago 2
Well there is alot of truth to this. Everyone is feeling the fact that manufacturing jobs are disappearing so what are we really producing- teachers? If inflation continues as a result of lack of REAL economic growth in the form of good jobs and an increase in government spending as with Iraq and with a Democrat president likely and both houses democratic we could be in for a bad trip.
frost122585 4 years ago
LOL.. Iraq is an "increase in government spending"? Learn some economics. The spending in Iraq is sourced by DEBT, namely the US Government selling China, Japan and other countries Treasury notes and bonds - basically the US is using its credit card to pay for the war in Iraq. And guess what? Nobody can pay it back. Democrat or republican has fuck-all to do with it. The dems will continue the war, and YOU will have to pay the bill - through hyperinflation. Good luck. :)
feet77 3 years ago 6
So you're already blaming the mess Bush caused on the Democrat who isn't in office yet? You Republicans take the cake when it comes to denial.
siszam 3 years ago
actually bill clinton caused it by sitting on his ass when the economy was booming. he didnt do anything to MAINTAIN it. as a result, because of what ronald reagan did, clinton allowed it to crumble. anything you do to the economy TODAY will not take effect until ten years down the road. it isnt immediate.
LoganHankins 3 years ago
How do you know he is a Republican???
Just because he knows the Democrats will continue the Iraq war?
Frost122585 is right. The Democrats will continue the wars and he begged them over 1 year ago!!!
Just look at Obama's statements. Obamas is already recanting on his opposition to the wars.
sublimetrance 3 years ago
Thanks much appreciated...
bandit2888 4 years ago