A lot of people in the U.S have not seen raises in more than 4 years, and their paycheck incomes are being eroded by food and other inflation which the U.S government refuses to recognize, this is the new reality unfortunately.
European Central Bank (ECB) will front run with inflation, postpone the suffering for a bit, but then a full on depression will come eventually. Of course this is not just happening in Europe but also the United States.
-Greece free lunch is over
-Don’t know Euro can survive
-America is the greatest debtor (owes the most money) in the history of the world
-American cannot compete anymore
-The U.S dollar is a flawed currency
-Other people’s money
-The world economy power is moving east to Asia
-More central bank money printing coming
-New global financial recession / setback in 2013-2014
-The people that lose their jobs will suffer the most
-Businesses will suffer globally
Wow, 90000 Californian citizens are about to lose unemployment benefits, that is a big one. Needless to say this is going to have major ripple effects like demand for non-necessity goods and services (luxury items, dining out etc.) and also more desperate people with less to do which can increase crime.
The American Federal Debt is so big, that it can never be paid off. The United States have no choice but to go bankrupt and the U.S dollar will have to collapse. In 10 years, if not sooner American’s will be wiping their butts with the U.S dollar bill.
Rich people who have assets that are not liquid are bringing items to pawn shops to get loans to pay for living expenses.
This of course is not a good sign, but then again the United States and the majority of its citizens are in huge financial trouble.
