Economy

Face the Facts USA is delivering 100 provocative facts about big issues over the next 100 days leading up to the November elections to help Americans debunk myths, hold better conversations, get involved, and make choices as smarter citizens. Here is Fact #1 with supporting substantiation.

This short video - on the unsustainability of government spending - should be watched by everyone, including those not yet old enough to vote. It should be shown in every high school and college classroom. Anyone that cannot understand this presentation should not be allowed out without a guardian.

We are in the latter stages of the debt death spiral where debt and interest payments can only be made by adding more debt. This process has a sure ending. Like the flush of a toilet, the spiral goes faster and faster until it finally ends. [Let me put forth just how serious the problem is.] Words: 431

We are in the latter stages of the debt death spiral where debt and interest payments can only be made by adding more debt. This process has a sure ending. Like the flush of a toilet, the spiral goes faster and faster until it finally ends. [Let me put forth just how serious the problem is.] Words: 431

The evidence of a slowdown has become so overwhelming it is difficult to avoid the conclusion that we are headed for a recession. We cite the following as evidence. Words: 548

Goldman analysts Noah Weisberger and Aleksandar Timcenko are out with their July presentation on the state of the global economy...[and while] the charts paint a decidedly negative picture of the global economy...some of Goldman's proprietary indicators – including their Global Leading Indicator and the Swirlogram – suggest there may be bright spots.

At the risk of looking/sounding like some crazed religious fanatic usually seen carrying a sign or proclaiming: “Repent, the end is near,” I shall avoid the word “repent". To me, the rest of that proclamation appears accurate and reasonable, at least with regard to our economic condition. [Let me explain:] Words: 1896

In the next 2-4 weeks I would not be surprised to see the S&P500 hit 1400/1450. In the ensuing 4 months (i.e. by the end of November), however, I expect global equity markets will fall by 20-25% from current levels and to trade at or below the lows of 2011! That would bring the S&P500 down to 1100/1000. That's not all. In December I expect the Fed will introduce a $1 Trillion QE. Words: 921

There is no doubt whatsoever in my mind that we are heading towards some very dark days here in America but, that being said, I believe we can wage a war to change things. To that end I present a number of resolutions which I think will act as a guide to help individuals in initiating a bottom-up transformation of this country. Words: 1150

There is no doubt whatsoever in my mind that we are heading towards some very dark days here in America but, that being said, I believe we can wage a war to change things. To that end I present a number of resolutions which I think will act as a guide to help individuals in initiating a bottom-up transformation of this country. Words: 1150