1) American Jobless Rate at a 5 year high of 6.1% - if their employment percentage mechanics are anything like those in Canada, this number does not account for the homeless sector now currently in shelters nationwide since those people are on government subsistance and don't fall into the unemployed bracket.
2) The stock decline in recent weeks wiped out 216 trillion in investor wealth.
3) Average American household holds more than $110K in debt including mortgage debt.
4) American consumers collectively owe 2.5 trillion on credit cards & loans.
5) American debt is up 150% since the year 1994
And on and on and on...
What's really puzzling is the American Government is not advising on a national level that people should start saving their money to pay back debt...instead their encouraging people to borrow and spend even more, and while in theory consumerism does stimulate the economy, it cannot stimulate the economy when the government has to go back to their printing press to create money it doesnt really have.
WATCH THE DISCUSSION...with Europac's President
A New Global Financial Order with Europe's help at Camp David
Obama sells the idea of a "Global Citizenship" for our security of course lol
No comments:
Post a Comment