John - The global GDP is growing apace. There are
still 2 – 3 billion people to join the money economy. We need a period of
consolidation to get used to the new levels of wealth and production – but such
a pause is not a recession. What needs to happen is a major injection of
honesty and goodwill – sadly lacking in Trump and Johnson and other would-be
backward, half-wit dictators.
I hadn’t seen this one-page, fascinating 2017 chart
before – of our $80 trillion economy. Computing has provided the tools to
manage it intelligently – it will not collapse.
Note that the EU (green states) GDP (2017) is $17.32 trillion compared to the US $19.39 trillion. Trump fears that EU trading and ethical standards will dominate global business - so he is trying to sabotage the European Market. He hires puppets such as Boris Johnson and Nigel Farage to create EU chaos.
Putin wants to break up Europe so as to "divide and rule".
Europe's GDP 2018 was $18.8 trillion (22% of world activity). I think it will continue to grow and consolidate. You need not fear global collapse.
Noel - 7th September 2019
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