Economically speaking, America is the biggest & baddest nation on the planet. And just like the bully Deebo in the Ice Cube movie Friday, America flexes and throws its weight around.
To see the America as the world wide Deebo analogy we have to look at the economic data of nations. In order to do this we have to compare the GDP (Gross Domestic Product) of nations.
To make it plain, GDP = national income.
| GDP | Country |
|---|---|
| $29.2 Trillion | United States |
| $18.3 Trillion | China |
| $4.7 Trillion | Germany |
| ($4.1 Trillion | California) |
| $4.1 Trillion | Japan |
| $3.9 Trillion | India |
| $3.6 Trillion | United Kingdom (Britain) |
| $3.2 Trillion | France |
| $3.1 Trillion | Russia |
| $2.2 Trillion | Brazil |
Just like Deebo in the movie Friday, America is the big man on the block. And when America flexes, people move. This happens in the good times and the bad times.
Since America is the biggest market in the world, everyone wants to trade their goods here.
When America went through the mortgage crisis in 2008 it triggered a world wide economic collapse.
How America achieved its economic dominance is a discussion for another day.
What does this have to do with your financial literacy?
It is important to keep that Deebo image in mind when analyzing why President Trump & the national media are in a tizzy about Russia, India, and North Korea being all together at the recent Chinese military day parade.
America has been throwing its weight around with these tariffs and the rest of the world just decided to put America on time out. They are taking their ball and going to play elsewhere.
-Monk
3 things you need to know:
- Finance is a game
- You’re already playing the game
- Monk Says helps you learn the game so you can win
To the youth, young adults and the mothers who raise them,
Financial Literacy: Monk Says… Learn the Game