Re: U.S. Trade Deficit @ $1 b per diem: by: KingTiger007 Long-Term Sentiment: Strong Sell 02/14/02 01:00 pm Msg: 10948 of 11016
Does that GDP include transactions like Global Crossing selling 100's of millions of dollars in bandwidth to like-firms and then buying 100's of millions of dollars of the same bandwidth from the same companies? Does it include the trillions of dollars of energy being traded back and forth between energy producers and suppliers? Does the trillions of dollars of bets and hedges in commodoties market contribute to the GDP? You better freakin believe it! The most over-inflated number in the history of numbers is the GDP of the US. That is the biggest cooked book the world has ever seen. When the truth is exposed, the credit worthiness of the US will plummet and the dollar will shrink and shrivel to nothing. But the facts are coming out and they are ugly and widespread.