The recession never ended.
The government lied, and along with the controlled mainstream corporate news, kept repeating the word “Recovery”…trying to force you to believe that there was an actual recovery. The Fed pumped up the stock market to make it look like a recovery, but there has been NOT much job growth at all.
Found this short documentary on YouTube, as the economy in the United States have declined severely.
The 2007-2008 financial crisis caused by Wall Street has caused the longest depression in history, although the government control media tells you it is just a recession (bunch of liars).
This depression has not ended and we are now in 2016, just ask some of your friends and family, I am sure they know people who have not recovered from the bad economy.
2016 is the year where companies around the world will start to look at their capital spending and decide to cut cost due to deflationary forces and slowing demand. At my current employment (largest software company Canada), I can already see the effects of the slowing economy in the U.S.A and Canada.
Despite the propaganda mainstream media of the United States telling its citizens that the economy is okay and everything will be fine, the truth about the U.S economy is much much worse than what they are portraying.
There are over 30% of the population that is out of work and stop looking for work. To put that into numbers that is roughly 90 million people out of work. Any new jobs created are not high quality jobs , they are low pay service jobs and those are not the jobs that millennials went to expensive college / school for.
Here is an interesting article by Paul Farrell of Marketwatch.com.
America’s GDP has been falling and growth has stagnated. Since the crash of 2008, there was really no economic recovery, just a bunch of lies telling people things have gotten better.
The stock market took off, but the underlying economy has stagnated. By my estimation I think the stock markets will crumble this year and get progressively worse until 2017-2018.
Watch this informative documentary and if you are American realize that what is true in this video about the U.K is also true about the United States, as America is already bankrupt and its federal debt is reaching 20 Trillion dollars.
In addition to the oil price and Toronto Stock Exchange plunging from its high of 15700 points, now with the surprise rate cut by the Bank of Canada, the CAD dollar is taking a hit and along with that the Canadian Bond yields are going down too….Ouch.
The oil plunge will cause significant problems in western Canada, particularly Alberta which is now seeing huge layoffs in the oil fields and that will have ripple effects to be felt within 6 months.
