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The US economy has always been ranked among the most powerful economies in the world, but if it stops being addicted to debt and depletion of its gold reserves and currency, a completely different picture is emerging.
According to data compiled by Bloomberg News, the health and well-being of the US economy, as measured by GDP per capita, will fall into a negative territory if they stop borrowing.
In fact, the United States will fall to the last rank with a ranking of 114 economies in terms of GDP per capita, and Italy, Greece and Japan will be the worst in this regard, which will represent a "seismic change" "compared to the fifth place occupied by America in the list. The list is based on traditional criteria.
Bloomberg has achieved this miserable result by taking as a starting point the IMF projections for the GDP of the economies of the existing countries for 2020.
The agency revised the figures and deprived them of any borrowing, while adding the reserves of each country to become an alternative standard of wealth.
The agency concluded that per capita income in the United States, which currently stands at $ 66,900, will be reduced to only $ 4,857, which represents a loss of $ 62,000 per male, female and child.
The United States, however, is not alone: the situation is rather bleak for almost all existing countries, with 102 out of 114 economies recording a decline in their GDP per capita if they suddenly lose their borrowing capacity.
In this case, Japan would be 96th on the list instead of the current 18, where projected per capita income for 2020 of $ 43,701 would be reduced to less than $ 50,000.
The UK is not immune to this trend. Given that the country's debt and cash reserves represent respectively 83% and 5% of the country's GDP, the UK economy will fall by 10 places on the list to rank 29th, where revenue per capita inhabitant will diminish. From the GDP of 43 thousand and 522 dollars to only nine thousand 779 dollars.
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