The 10 economic charts that you are about to see are completely and totally shocking. If you know anyone that still does not believe that the United States is in the midst of a long-term economic decline, just show them these charts. Sometimes you can quote economic statistics to people until you are blue in the face and it won't do any good, but when those same people see charts and pictures suddenly it all sinks in. What is great about charts is that you can very easily demonstrate what has been happening to the economy over an extended period of time. As you examine the economic charts below, pay special attention to what has been happening to the U.S. economy over the last 30 or 40 years. The truth is that what is wrong with the U.S. economy is not a great mystery. All of the economic problems that we are experiencing now have taken decades to develop. Hopefully the charts in this article will help people realize just how nightmarish our economic problems have become, because until people start realizing how incredibly bad things have gotten they will never be willing to accept the dramatic solutions that are necessary to fix our financial system.The sad fact of the matter is that we have been living in the biggest debt bubble in the history of the world over the last 40 years.
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Outsourcing American jobs, raising taxes only on the middle class but giving the elites a pass, passing regulation that makes it near impossible for a new business to start and thrive in an already established sector, and putting an entire generation into crippling, insurmountable debt with no real job prospects is always going to destroy a nation.
ReplyDeleteAmericans watch what is happening in Egypt and Tunisia and still don't get it. They're too busy making racist comments and mocking the other cultures.
That is going to happen to us, it's already happening. We've only been thrown a bone by the elites because they were exploiting the rest of the world enough that it didn't matter quite that much. But then their greed knew no bounds and they decided they'd screw the US over too.
Well, 2 years. That's what I give it. Get your MREs, your freeze dried food, your gold, your silver, your water, your solar panels, get everything you can. Get property somewhere isolated where you can have the space to grow food as well and store it.
We are in trouble. Don't worry about paying off any debts, drive up those credit cards and everything else and just get off the map. It won't be long until everything is finished.
seems the economy is rising in money value. Cash has been flowing alot. Watch people on shows, famous rappers have lots of cash. Why do you all think the economy is bad?
ReplyDeleteWeird.
A lot of people worked and had cash during the Great Depression. They felt little or minor impact but went on more or less as before.
ReplyDeleteWe can never save all the bottom feeders. Resourceful middle class when jobless find a way to make a living by job shifting, self employment or whatever. They know how to succeed and will find a way to get through the coming crisis.
The 99ers will sit and wait for a handout that will never come. Once the zookeepers leave the scene, it will get ugly in the urban cesspools.
Pop a beer and watch the show.
My wife is a waitress and tells me that 80% of her customers paid in cash 15 years ago. Now 90% of her customers pay by credit card and this is at a fast food chinese restaurant!
ReplyDelete11:25 I believe EVERYONE will be affected by this Great Depression. Escalating Food prices, commodity prices, continued housing collapse, currency collapse, bank runs, riots and oil prices will hit every person in this world regardless of how much money one has. People will lose everything because they don't believe it will ever happen and do not prepare themselves accordingly.
ReplyDeleteHer tips are also about a third of what they were!!!
ReplyDeleteTipping is a filthy system most highly developed in America capitalist culture ,a system allowing the employment of cheaper labor dependent on tips for their incomes instead of a proper wage.Paricularly useful in dealing with underpaid “illegal” workers .
ReplyDeleteWith say tipping mandatory at say 10%, this is actually the real price of the product including paying for the necessary labor service to deliver it.
Thus the profit made from the sale of the commodity by the business owner
is separated from the cost of necessary labor to deliver it.
As you can see yourself as the Tip or “services charge” is often put directly on the bill when it is delivered ‘with a smile” to the customer ,or perhaps with a smirk at the cash register .
As America is a “services based economy” it converts more and more of its working people into sometimes less than minimum wages, tip dependent ,underemployed spare time service workers.
American Beggars.
The tip is paying for a “friendly smile and good service” and a “have a good day” wish, something that should be given anyway ,but Americans pay extra for their ordinary American’ style ‘ good manners” in exchanges of commodities.
The tipping system creates illusions that the real price of the product, officially priced without the cost of the necessary service labor to deliver it ,its real value , is less than what the commodities value really is.
Have a good day !
These un- asked for, gratuitous ,economic tips and analysis on how Americas services based economy works and on the human relations between customers and now millions of
lackey ,lickspittle, American services workers and the business owners are free !
-No tip required.
well it was a some party, but typical in the fall of empires the revelry stage full of debauchery leads quickly into the collapse stage, and here we are
ReplyDeleteLooking at these charts, the cause of the current crisis appears on the surface to be caused by excess money printing. This supplies a simple blame the Fed view for the current economic crisis.
ReplyDeleteBut the Fed HAD to print this excess money because that’s the way the fiat paper
dollar hegemony system worked.
This was mainly necessary effect not the fundamental cause of the crisis.
What the charts really illustrate is the rise and fall of the fiat paper dollar hegemony system ,ever since America could not pay its way in the old gold backed $ currency .
America as dominant imperialism , still had a powerful military and apparently a still profitable manufacturing industry was able to pressure the rest of the western world to accept the dollar paper, out of fear of the USSR, as the world standard of value in international trade and finance. A new money Fiat paper dollar system since Nixon took America off the gold standard.
The first step was to devalue the dollar thus robbing any other country that had reserves in US dollars. In effect a US default on its foreign debts by devaluing the dollar for those individuals or governments caught holding the old dollars.
The second step depended on setting up oil monopolies of subservient military backed
puppets like the Saudi kings organized in OPEC to price oil in exclusively in dollars , this created a worldwide demand for American dollars by every country in the world.
OPEC countries that couldn’t profitably invest all their dollar profits from monopoly priced oil in their own economies had to re –circulate ‘excess” dollars back to America.
But, poor countries needing dollars for oil could be indebted and bought outright by a now “strong” US Paper, printed “Aid” and direct investment of paper in their economies ,a source for corruption and enrichment by the local elites.
In the competition despite the advantages of the dollar hegemony system high waged American industry could not compete with the more efficient Japanese and cheaper cost imports from the cheap labor export of wealth countries and the process of de-industrialization and export of American jobs began.
The build up of reinvested Oil dollars in America created the first big crisis in value for the $ .
Volker used inflation and high interest to devalue the dollar ,again creating losses for those unfortunates holding US dollars.
Then the Plaza forced the Japanese to devalue its Yen .
Later ,other currencies were subject to attack by currency speculators like Soros .
(and who financed Soros? ? America?)
The big problem was solved by America creating its own even cheaper labor commodity
source in China .By an agreement that in return for investment in industry and jobs ALL the Chinese $ profits would be reinvested back in America as vendor finance ,credit supply.
This trade was very profitable while the value and cost of the imports in dollar terms was very small ,the profits were very big ,as you can see in Wall Mart.As long as the consumer credit supply could be kept up!
In the end the US economy was being financed by foreign supplied credit that could only be financed in a Great Ponzi Scheme by issuing more ‘strong” dollar money debt to the rest of the world ,US treasury bills and by selling US dud property bonds.
Like all Ponzis the end came with the inability of the US to even keep up its interest payments on its debts. Leading to the collapse and nationalization of Fannie and Freddie ,sub-prime and other dud property bonds. And the collapse of the international credit supply markets in 2008, with huge derivative ‘insurance” pro US bet losses.
The US treasury had to socialize the losses in the finance sector by printing even more money followed by growing loss of confidence in the value of future US $ paper.
Thus the ability of the US to finance its economy by foreign credit supply is over.
So, the US now just buys its own government Treasury bill debts for deficits, even more printing , QE2.
A Dead by printing dollar!
We're almost at the end game. I still give it just under 2 years.
ReplyDelete10:22 My best guess is that you are being fairly generous. We are a nation of some 308 million people. All you really jave to do to get a fairly accurate timeline is to look up some stats, like food stamps, true unemployment, current tax reciepts, % of retirees, % of under 18 children etc.
ReplyDeleteThen look at the fiscal shape of the individual states; calculate their aggregate deficets then move down to the largest municipalities within'
said state & calculate those
What I'm getting at here is that ALL this money has to come from those 28% - yes, that;s all -
that are working MAKING something. Because that is where ALL profit is generated; not in the damn service sector who basically make nothing
The picture your left with is
2011 is going to be one helluva a ride
I by gawd guarantee !