Singapore is a city/state with a population less than Brooklyn, Queens and the Bronx, NY combined.To be sure, I am aware of all the Fed stuff... However, I still don't understand how any of it implies that Fed "owns" US GDP. For one, GDP is flow, whereas Fed holdings are stock, so we're not even talking about the same dimensionality.
Do you think Singapore, with its economy characterized by a high degree of collective ownership and management, is going to collapse?
And oh BTW get a good chunk of GDP generated by its regional banking and trading center. As well as major shipping/transshipping center. Socialist not.
Next.


