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    USA: Shocking Numbers Show Government Crowding Out Real Economy

    mudra
    mudra


    Posts : 22381
    Join date : 2010-04-09
    Age : 67
    Location : belgium

    USA: Shocking Numbers Show Government Crowding Out Real Economy Empty USA: Shocking Numbers Show Government Crowding Out Real Economy

    Post  mudra Wed Oct 20, 2021 3:48 am


    Shocking Numbers Show Government Crowding Out Real Economy

    The stampede of dollars into the gold and silver markets has not yet begun. There is record demand for coins, rounds, and bars, but institutional money is still ignoring precious metals, for the most part.

    Anyone wondering why, can find a clue in the current makeup of the U.S. economy.

    The large majority of the nation’s spending, and wealth, is handled by people who don’t have much in common with gold bugs – at least not yet.

    Let’s start with some data.



    Federal outlays are now 31.35% of the GDP. That percentage was just under 21% in 2019.

    State and local governments spent $3.2 trillion according to the latest report. Total GDP is at $21 trillion, so this spending represents 15.2%.

    The Finance, Insurance, and Real Estate (FIRE) sector added 22.3% in 2020 and will likely capture a higher percentage of GDP this year.

    To summarize the concentration of these three sectors in total GDP:

    31.35% – Federal Government
    15.2% – State and Local Government
    + 22.3% – Finance, Insurance, Real Estate

    68.85% – Total

    Government, banks, real estate, and insurance now comprise nearly 70% of our economy. Government sectors alone are approaching 50% (HALF!) of GDP.

    -- https://www.activistpost.com/2021/10/shocking-numbers-show-government-crowding-out-real-economy.html?utm_source=Activist+Post&utm_medium=Facebook&fbclid=IwAR3n_KsTtLD83zXLVRO57ZOCNFjDKbcAS2Y-_guVRr71HsAUt904nD2arOI

      Current date/time is Fri Jan 28, 2022 12:31 am