This all shows that GDP is a false indicator. Spending does not show economic growth. Spending borrowed money is, in fact, a negative future-growth statistic, since MORE money will have to be repaid in the future, making spending of borrowed money a liability in terms of economic growth -- unless the borrowed money generates more income. GDP should be measured by growth of income, not by spent money.

One must also take in to account borrowed money's impact on the local currency: devaluation of the local currency impoverishes everyone using that currency except exporters. A less valuable currency, caused by an increase in government death (and an increase in money creation) needs to also be valued into GDP calculatons.

More debt is the last thing we need. We are not insolvent because GDP is not growing. We are insolvent because of debt. We are spending billions or even trillions to suppress interest rates or we will have to default on government obligations -- and we are spending billions or even trillions to suppress interest rates to keep consumers and corporations from going bankrupt by the millions.

More debt is not what we need. We need less debt -- and therre is only one way to make this happen: higher interest rates. We are bankrupt. We are trying to hide the fact that we are bankrupt.

The last time we were bankrup this way, we needed a Great depression and a World War to destroy all the bad matter the world had stored up. Today the world has much more debt than it did in 1933. This suggests that the destruction of matter will and must be even greater.