Economy

We Americans have enjoyed an incredibly wonderful standard of living over the past three decades with most of us believing that it was because we are the world's wealthiest, most prosperous nation with economic and financial systems that are second to none - but that is not even close to accurate. [The truth of the matter is that] we are [actually] in the biggest debt bubble the world has ever seen! It has been the greatest party in the history of the world, but it is time to turn out the lights because the party is over. [Let me explain.] Words: 1518

The U.S. dollar is essentially at an all-time low against other currencies on both a real and nominal basis [and such a] weak dollar is a serious problem, but there is no reason yet to abandon all hope... [Let me explain.] Words: 1064

A perfect storm of converging criteria is almost perfectly timed and aligned with the 2012 election cycle. When the moment arrives, the financial earthquake will rapidly demolish the existing highly precarious financial system. Government will stand by helpless, unable to shield itself, much less its vulnerable citizens or private financial institutions from the tsunami of debt and currency destruction. Let me explain. Words: 2055

In our estimation, the most likely time frame for a full-fledged outbreak of hyperinflation in America is between the years 2013 and 2015 [based on 12 warning signs that are on the horizon.] Americans who wait until 2013 to prepare, will most likely see the majority of their purchasing power wiped out. It is essential that all Americans begin preparing for hyperinflation immediately. Words: 2065

2012 is shaping up to be the blockbuster main event of the ongoing financial crisis. Massive amounts of new debt, vast quantities of additional digital dollars and the spark of higher interest rates will set off version 2.0 of the credit-driven financial implosion. Let me explain. Words: 1954

I have great confidence in mankind’s ability to ultimately overcome even the most extreme of crisis but at this juncture, however, America has yet to begin that arduous process. We live an unrealistic lifestyle on borrowed money and borrowed time. [As such, we are on the brink of] a looming crisis with the power to crush the U.S. economy. Unless Washington makes a 180-degree turn, we face a catastrophe that could end our way of life as we know it. Words: 870

I wrote a piece recently called "Could America be Pushed over the Economic Edge?" about how Libya, Japan or even covert economic warfare from America’s enemies could push the U.S. into another financial meltdown. I received a one sentence email from my friend Jim Sinclair that said, “We are way over the edge right now.” His message gave me a sinking feeling. [Let me explain.] Words: 923

Most lawmakers at the federal, state, and local levels do not understand the absolute severity of the crisis - that the sheer magnitude of our debt makes the United States extremely vulnerable to an economic attack. We are not too big to fail!...The failure to understand our vulnerabilities with our debt and the strategic bind we have put ourselves in will lead to tragic consequences...The spiraling deficits, unfunded pension liabilities, and the retirement of baby boomers means that the perfect storm is headed our way. Words: 717

[There is a considerable difference between the official BLS inflation rate (1.63%) and the ShadowStats' alternative method of calculating consumer prices (9.07%) but] I believe that the optimum method is probably somewhere between the two. [Let me explain.] Words: 390

I've been trying to get across to friends and family how bad the economic situation has become... but with numbers in the billions and trillions they get a glazed/deer in the headlights look in their eyes. I have tried to overcome that problem by writing this article in such a way that the numbers can be more easily visualized which I hope will convince them - and you - of the serious nature of the US fiscal outlook. Words: 645