Money as Debt Part 3
“It’s the economy, stupid” was the catchphrase used the last time a sitting President was successfully unseated 20 years ago - 12 years before that a predecessor also left early, due to a flagging economy! As today's economy sputters and misfires, with an ever shrinking number grabbing most of the 'lion's share' of financial 'goodies' while the numbers who manage to hold on to real jobs dwindles rapidly, it remains to be seen whether the public will buy into the claims of economic recovery this time around. It is a little known fact that there is an equal number having full-time jobs (35 or more hours a week) to workers of employment age that are unable to find employment - about 100 million in either camp. By ignoring those who have given up looking the BLS is able to report a farcical unemployment rate!
Whether or not this administration will be turned out like earlier one-termers, we'll know before long! But a country that once led the world with top economic statistics now finds itself in the ignominious position of standing alone among developed countries with the highest percentage of low-wage jobs - one out of every four as compared with either France with 1 out of 9, or Italy with only 1 in every 12! The fact is that half of the workforce makes under $25,000 per year - a slave's wage in today's world!
But the real ticking time-bomb is the debt bomb that will soon explode what remains of the economy! Debt is really a subtle form of slavery causing the heavily-indebted to spend their whole lives running on a perpetual treadmill, as they work to pay back lenders whilst struggling to survive on the crumbs. Debt is also addictive - for both individuals and economies. Private and national debt have continued exponential growth in the last two decades - the huge overdose will lead to the death of the economy!
While most have been misled to believe the bubble can be inflated forever, this is far from the truth! As the bubble economy nears breaking point, there is little time left before it bursts. This will bring - not hyperinflation, but a full-on deflationary depression - to escape debt slavery, pay off debts now!
"If I wanted America to fail"
Are You Prepared For The Coming Economic Collapse And The Next Great Depression?
If you enjoy watching financial doom, then you are quite likely to really enjoy the rest of 2012. Right now, red flags are popping up all over the place. Corporate insiders are selling off stock like there is no tomorrow, major economies all over Europe continue to implode, the IMF is warning that the eurozone could actually break up and there are signs of trouble at major banks all over the planet. Unfortunately, it looks like the period of relative stability that global financial markets have been enjoying is about to come to an end. A whole host of problems that have been festering just below the surface are starting to manifest, and we are beginning to see the ingredients for a "perfect storm" start to come together. The greatest global debt bubble in human history is showing signs that it is getting ready to burst, and when that happens the consequences are going to be absolutely horrific. Hopefully we still have at least a little bit more time before the global financial system implodes, but at this point it doesn't look like anything is going to be able to stop the chaos that is on the horizon.
The following are 22 red flags that indicate that very serious doom is coming for global financial markets....