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There WIll Be No Economic Recovery

 
Major Jim
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User ID: 22461430
United States
02/12/2013 03:10 PM
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There WIll Be No Economic Recovery
Based on the overall situation,a recovery is not a possibility.

The combination of social welfare programs, borrowing, the real employment situation, government spending trends, and the lack of any viable solutions, there is no pulling out of this nose dive.

60% of all jobs lost since last recession were middle income jobs. 58% of new jobs created since then are low wage jobs. 41% of working age Americans are unemployed (this counts those falling out of the unemployment statistics as "Stopped looking for work"). Government now employs more than the private sector. Federal workers earning 60% more than the average worker in the private sector. Public pensions seriously underfunded ($4.6 trillion). US share of global GDP down from 32% in 2001 to 22% in 2011. And much more.

Well done video presentation.

Anonymous Coward
User ID: 33992533
France
02/12/2013 03:17 PM
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Re: There WIll Be No Economic Recovery
Yep, I got to agree with you. I kind of thought back in 2009 that we'd have seen the end of it by now, but the fact of the matter is that we are in no way or form, ever going to make it back to pre 07 normality. The frighening aspect is that those currency wars which are kicking off are going to lay waste to any savings anybody has and the only advice I have given myself is to go back to and invest in learning how to live by and for my family off the land and hope that things don't get REAL HEAVY!
completejigsaw

User ID: 33475193
United Kingdom
02/12/2013 03:22 PM
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Re: There WIll Be No Economic Recovery
That was my conclusion as well from my book 'It's the economics, stupid' but no, I was wrong.
There will be a dramatic recovery and I can see how it will be done. It will be done with love more than money and will be extraordinary.
Everything that has been done to date that we thought was detrimental will be turned into good because 'HE' has organised it that way.
hf
Major Jim (OP)

User ID: 22461430
United States
02/12/2013 04:13 PM
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Re: There WIll Be No Economic Recovery
What is going to be interesting is how someone like China will respond to the prospect on not getting paid back. Perhaps they are demanding behind the scene that we reduce our nuclear advantage. We are all well aware of their position on the Second Amendment.