10 Charts Which Show We Are Much Worse Off Than Just Before The Last Economic Crisis

“Even though all of the numbers are screaming otherwise, there are millions upon millions of people out there that truly believe that everything is going to be okay somehow.  We never seem to learn from the past, and when this next economic downturn strikes it is going to do an astonishing amount of damage because we are already in a significantly weakened state from the last one.”

read more: http://www.zerohedge.com/news/2015-03-21/10-charts-which-show-we-are-much-worse-just-last-economic-crisis

About fafc

The goal of the “Find a Free Country Project” is to research, explore and find a safe and secure free country outside the USA, that is not too large, has a relatively open immigration policy, has a friendly business climate, has a non-intrusive government committed to freedom, and then move to it.
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12 Responses to 10 Charts Which Show We Are Much Worse Off Than Just Before The Last Economic Crisis

    • fafc says:

      That’s what makes life interesting. But I rather distrust Moodys after they have adjusted their reports to better suit political interests. I think the ten charts in the post are very troublesome. The only problem is that it is very difficult to know when the collapse will take place or what will trigger it. The current US economy is being propped up with fake money being printed at the Fed, and the good fortune that our economic competitors are in worse shape than we are. Money is still coming in from around the world to be parked in US banks. Not out of confidence in the US economy, but because the rest of the world is even worse. I read an interesting report that suggested that even precious metals are not a great idea since the world is going through an economic deflation, not inflation, which will suck the value out of everything.

  1. Croatian Capitalist says:

    Even though the American political leadership is currently really bad, I can’t see an actual collapse happening anytime soon, America is rich in natural resources, the USD is still the World’s reserve currency, the manufacturing industry is still quite strong, there are still plenty of entrepreneurs creating jobs and filling the government’s coffers, ethnic Europeans still make-up the majority of the population, etc.

    • fafc says:

      That is all true. Just like in 2007. Everything was going great. All that is required is a little shake up in the markets, and wham.

      • Croatian Capitalist says:

        Yes, but that wasn’t an actual collapse, there were no mass-riots, no food shortages, the vast majority of Americans still had at least an OK standard of living, etc., it was just a temporary crisis.

        • fafc says:

          Well losing all your life savings and having to work an additional 20 years to retire can also seem just like a temporary glitch to billionaires like George Soros. Hell, they will figure out how to make money on the foreclosures and bank failures. It would be nice to avoid all that “temporary” crisis if possible. And again, the USA may get lucky since the rest of the world seems to be even more stupid than we are.

  2. Croatian Capitalist says:

    Yes, it would be nice if there were no economic crises, but then again, for those with cash, such times are great opportunities to become rich(er) by buying stocks, real estate, etc. at prices that are way below their real value.

    • fafc says:

      It would be even better if our government didn’t create the crisis and make a bad situation worse from idiotic management and corruption.

  3. Croatian Capitalist says:

    One threat to American prosperity not mentioned in the article is this: http://www.wsj.com/articles/international-students-stream-into-u-s-colleges-1427248801

    The USA is training hundreds of thousands of people from it’s main competitor in STEM fields and business, most of whom who will go back to China and improve it, while the USA will be left with a shortage in those fields.

    • fafc says:

      Too true. But that is a very difficult issue to make macro-economic charts for.

      • Croatian Capitalist says:

        True. Another problem is that when it happens, it won’t be fixed by training Americans, but rather “fixed” by mass-importing un(der)qualified (cheating is endemic in the Indian education system) immigrants from India just because they are cheaper, so if something doesn’t change in the USA soon, China’s rise to the status of the preeminent World (super)power will be entirely in it’s own hands, since the way the EU is run is an unfunny joke, in India the majority of people don’t even have a toilet, so India becoming a superpower is SF, and Russia needs major reforms before it can even start to think about it, and those reforms don’t seem to be forthcoming.

  4. Croatian Capitalist says:

    China is not the only American opponent benefiting from the American tertiary education system: http://www.businessinsider.com/irans-cyber-army-2015-3

    “The irony is that, after looking at some of the professors’ resumes, you’ll see that most of these cyber experts teaching students how to hack were initially trained in the US or UK.”

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