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01/26/2010

Global Economy Much Larger Than Reported

According to the United Nations organization, �uncounted barter deals� among nations of the world means one thing � our global economy is much larger than what�s reported by official government statistics.

For example�Pakistan and the Philippines have surplus commodities (Pakistan has rice, the Philippines has sugar). The two countries are working on a barter transaction that will avert any shortfall of these commodities for the two countries. Globally, countless countries follow similar strategies.

In fact, the United Nations has estimated that such bartered production exists outside of official money-based GNP (gross national product) sector of the world�s economies to the tune of nearly $16 trillion. That amount is simply missing from official global GDP figures of some $48 trillion.



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