TrueValueMetrics ... Impact Accounting for the 21st Century

Date: 2025-08-21 Page is: DBtxt003.php txt00028077

THE SOCIO-ENVIRO-ECONOMIC SYSTEM (SEES)
and
TrueValueMetrics (TVM)
Thoughts on how accountancy and economics
need to adjust to have future relevance and utility.

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SECTION 17
HOW THE BRICS ARE DRASTICALLY
OUTPERFORMING THE AMERICAN ECONOMY
Version 1 ... February 2025

have to posture punish constrict and constrain but you have to also deal with
the realities of the and the Chinese know that the Chinese are gambling the
time is on their side they keep grow this year I like to tell this to people
because Americans don't know I would say since Trump's election

How the BRICS Are Drastically Outperforming the American Economy

2:13:33
even before but since Trump's election the chorus of articles in places like
the financial times the Wall Street Journal and so on talking about the
really great performance of the American economy is amazing to me what are you
talk 2.8% maybe that's the best of the various estimates they're many quite
lower but 2.88% United States GDP grew

2:14:05
in 2024 the year just ended that's according to the IMF which
is a pro-western institution that's their number there're is good or better
than anybody else who does this kind of number the same IMF says that this year
in 2024 the growth in China 5%
double in India 7% triple what India and
China are the two Central players in something called The Bricks the gap between the bricks and
the G7 that's the American AG is therefore growing as it has every one of
the last 25 years you're not in great shape if that if that Gap app is growing
you're not or at least let's put it this way it's very odd to talk about what a
great shape you are and leave discussion of this out because from this angle it

2:15:05
ain't so great but we live in a country where it
was necessary I want to remind you I'm sure you noticed but the whole last two years of
the Biden Administration the following phenomena
really irritated people the economy all the economics
people were were doing great the president doing great but poll after
poll of the American people said the economy is a number one problem we have
so there was Article after article which went like this why are the American
people misunderstanding the reality of the
economy and there were lots of advice to the Democrats be careful you're going to get hurt in the election you've got to

2:16:00
make people understand just the idea that the PE that the economists might be
looking at the wrong thing and the massive people looking at something else and that that would explain why they had
a different no could not raise the most obvious why you had to make one side or
the other stupid so the mass of the people are ill
informed inadequately what are you doing you have the greatest control over mass
media of any society and you have for a long time if the masses don't get it
what's the matter with your system you've gotten to believe everything else you need you you can't get this they
couldn't and they couldn't break out of it and it did hurt them in the election but I'm here to tell you that the
American economy is in terribly difficult

2:17:00
conditions and now the anxiety that he's provoking this
particularly with I'm cutting back I have a a good friend a woman who
works in a shelter in New York City several hundred people live in this
shelter and they were going to close this coming
August she explained to me yesterday it has been moved up till March because the
government money is dry up and then they had a scare last week when he issued that order because some official in
Washington told them they might have to close this next week dumping several
hundred people onto the streets of New York City at this time of year at this time of
year so they can join the others sleeping in the subway tunnels of New York City and also since a number of

2:18:01
these people have fairly serious emotional or mental
problems who know New York my wife my wife will not go in the subway anymore
she's afraid she's afraid of random physical
violence which particularly affects women um you know this a person's not
even about to steal who just comes up and bashes you in the head with a Breck or something because you remind them of
their mother or their cousin or some bad moment in their lives or something you know it's just whoa so I could give you
endless statistics but it's an economy in a lot of trouble and here again the notion of
irrelevance it's not that what he does has no impact it does but there's no link
between a concerted strategic approach to a clearly

2:19:05
defined logical Target that's why the naughty and the
theatrics seem to be mostly what this is about poking liberals in the eye you
know being a offensive in your language being dramatic I'm taking the canal I
want Greenland screw NATO screw Denmark and all of
this what's it for I he's not going to help the situation with any of those
countri Denmark Europeans I can assure you are up in arms that for
them they never heard of this a member of NATO is basically taking the property
of another member of NATO the whole point of NATO was not to have this you
know they used to tell each other how they have to love each other and take care of each other because of the big Russian bear that bearing down on

2:20:03
them what happened to the Russian Bear you know why are you and so the fear this is a whole
another conversation we ought to have this is the end of Europe as a
major player in the world economy and that has not happened for centuries and
people not to understand that that is going to be a traumatic feature of the
of our lives in the years ahead are not not understanding what's going on these
the turmoil inside these countries the loss of the war in Ukraine the end of
NATO all of these things are happening and meanwhile Europe
has no role in the Innovative economy of the future it's all the United States
and above all China and deep seek happens in China it

2:21:02
doesn't happen in Germany or England or and those economies if Germany is in
recession now it its GDP is negative
shrinking used to be the engine of Europe the you know in German it's
called vfts V you know it's the economic Miracle you know Germany coming back losing the two
world wars and now it's it's a basket case it
can't function and you know the irony it's their
americanism that killed them when the United States decided to have this war in Ukraine to
set zalinsky up to fight the Russians with American money and American weapons
they demanded the falty of the Europeans to provide money and to

2:22:01
provide weapons which they did and since the military prospects
weren't so good they waged a sanctions war against Russia the most important
part of which was Europe's refusal to continue continue to buy cheap oil and
gas from Russia which is the world's second greatest source of cheap oil and
gas and to make the point clear remember they cut the can they cut the
underwater uh pipeline okay so who's the biggest user
of cheap oil and gas Germany turns out v v was because you
had cheap energy which nobody else could compete with because the Russians provided it at dirt cheap prices you

2:23:01
take so they refused they had to turn them for their energy to the World Market including the
United States which now ships huge quantities of liquefied natural gas to
the Europeans at a much higher price the Germans can't compete the German
industry is leaving Germany for the first time in 60 years the the number
one company in Germany Volkswagen is closing factories and laying off
thousands of workers and therefore having enormous conflict with the powerful
Union what's going on here is it possible the whole world asks that the
Americans and the Europeans couldn't see that when you punish
Russia with sanctions that stop you from buying oil and gas that they will find
someone else to sell it to and maybe the bricks that they're part of would have

2:24:05
the shinese and the Indians buy the O and gas which is what happened that they didn't see
it is the level of denial and delusion so deep that we're going to see one
horrific miscalculation like this after
another everywhere in Europe it is understood that the war in Ukraine is
being lost except here before we return to
some of those other rhetorical flourishes of trump I would like to talk
about two domestic policy that I think really nicely bring
together some of the other things we've been talking about like oil Gas Energy competition with the bricks that are

2:25:01
really trouncing us and even the LA wildfires and that is Trump's climate
change policies because I mean here are the the here's
the sort of tangle that I see one uh it seems like climate change I mean some

Is There a Fatal Contradiction in Trump’s Climate Policy?

2:25:22
people on on the right for instance don't believe that there is any right but it might prove an existential
issue for us as evidenced by La again ostensibly but then on the other hand as
far as economic competition goes it seems like some of our competitors aren't beholden to the
same climate change measures that we've been taking in the United States and so