This survey does not come as a shocker, no pay raises for 5 years and always looking over your shoulder wondering if your job is safe. That is today’s work environment. No surprise.
Wow, let me just say that this book by Robert A. Wiedemer and Cindy S. Spitzer will hit you hard with a dose of reality about the state of the U.S and world economy as it stands today. The book goes over details on the problem and how to protect yourself for many categories of your wealth.
Canada has been labeled one of the most stable countries in the world right now as compared to the U.S and Europe. Canada with its stable banking system and previously financially conservative citizens have avoided many hardships that other countries are experiencing.
However, Canada is more likely on a delayed time-frame than the U.S and will experience difficulties in the coming years as it cannot avoid the effects of a global slowdown. A ballooning consumer debt problem is arising with hot housing market cooling and citizens using more credit than ever.
Who knows when this will happen (my guess within 5 years), but these 2 videos (Part 1,2) gives an idea and amplitude of the ripple effects of such a historic event.
Update: These videos were removed, YouTube removed the original author’s account. So, if you don’t think that YouTube is censoring for the Government you are wrong. I have subsequently found another user that have re-uploaded it.
Three years into this supposed “recovery”, as the U.S. Government would have you believe. The American economy is really doing worse than when they started injecting printed money into the markets. The fact is the U.S is already in a “Depression”, there are many economist and statistics that have already proven this but mainstream media controlled by the government of course will not release this to the public.
The number is staggering how many households are on foodstamps and disability amid the recent news that the level of poverty today is at its highest since 50 years ago.
There are a lot of people suffering in the U.S.A, yet I still cannot believe the U.S Government continues to advance on its war plans into Iran. The truth is the politicians say they are pulling out of Iraq and Afghanistan, however that is the furthest from their intentions which is “occupation” of those countries and it is costing American taxpayers trillions of dollars.
6 quarters (1.5 years) of slowdown, so the IMF think it is bottoming (this view is too optimistic). I think there is more slowdown to go. One thing to remember is that when Europe’s and America’s economy slows, China manufacturing will slow, which means Chinese citizens losing their jobs.
If unemployment in China gets worse, then people spend less over there as well, affecting their domestic GDP. Now, we can how see high unemployment has affected the U.S economy, it may have the same effect in China.
After watching this video called the “Thrive Movement”, I wasn’t so much surprised. Much of what is in this documentary I realized years ago. Over 5 years ago, I knew that the world doesn’t operate like what governments and media tells you and I was also trying to find out why it was getting harder to get by, even with a decent paying career income?
