For The Low Information Voter

Visit the economic collapse blog for a post titled; 36 Hard Questions About The U.S. Economy The Media Should be Asking.

The theme is a regular post there and is always well done as each question has a small statement and then links to an article. If you think things are bad just read some of these questions and you’ll realize it’s much worse.

Examples;

#5 Why do 53 percent of all American workers make less than $30,000 a year?

#18 What are the central banks of the world going to do when the 441 trillion dollar interest rate derivatives bubble starts to burst?

#35 Why has the value of the U.S. dollar fallen by over 95 percent since the Federal Reserve was created back in 1913?

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Posted on July 2, 2013, in No Hope For America, Problems to Ponder and tagged , , , , , , . Bookmark the permalink. 4 Comments.

  1. I like number:

    # 6 Why are wages as a percentage of GDP at an all-time low?

    Because cocurrently total goverment spending as a percentage of GDP has increased from around 23% after demobilization in the late 1940s and has increased to around 40% of GDP today. Might be some correlation there.

  2. #18: What are the central banks of the world going to do when the 441 trillion dollar interest rate derivatives bubble starts to burst?

    That happened in 2008. Answer: Near collapse of the world financial system, unprecedented government bailouts, and global economic stagnation. Still going….but in 2008 there were 600 trillion in derivatives so assuming the above figure is right it’s 25 percent less than it was five years ago. If we survive the economy might come back in fifteen more years (or not…just as likely the financial institutions will find some other investment ponzi scheme that produces another faux “prosperity” bubble).

    • Just checked and the figure was 441 trillion in 2008, not 600 (though I obtained that somewhere, not sure where now…). So that figure is old. It ‘done burst some already’….

      I’m with Jim Rogers, who says the savings class is being wiped out by central banks. He’s exactly right (I am in that saving class, can’t get any return whatsoever…was raised on the concept of the rule of 72, just keep saving and compounding. Doesn’t work anymore because there is nowhere to get a return on your sitting money).

      To quote Rogers: “In America, many people saved their money, put it aside, and didn’t buy four or five houses with no job and no money down. They did what most people would consider the right thing, and what historically has been the right thing,” stated Rogers. “But now, unfortunately, those people are being wiped out, because they are getting zero percent return, or virtually no return, on their savings and their investments. We’re wiping them out at the expense of people who went deeply into debt, people who did what most people would consider the wrong thing at the expense of people who did the right thing. This, long-term, has terrible consequences for any nation, any society, any economy.”

      “There were plenty of countries where it wiped out the people who saved and invested for their future. It’s usually a serious, political reaction, desperation in some cases, and looking for a savior and easy answers is usually what happens when you destroy the people who save and invest for the future.”

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