This page has been archived and commenting is disabled.
America Is Not Greece
We all "know" how terrible the Greek economy is... day after day we are told about it... and reminded at the same time how "everything is awesome" in America. So the following chart may come as a surprise to some... with expectations for future Greek GDP growth now above 'awesome' America's last year.
Thank Lord Draghi for Keynesian hockey-sticks...
Charts: Bloomberg
»
- 11744 reads
- Printer-friendly version
- Send to friend
- advertisements -
It's worse!
The American economy has been hollowed out. It is now like a giant Hollywood sound stage, with media singing choruses of alleluias to their political overlords, who reap millions from the corporate financial wizards whose control over the nation's money supply allows them to steal billions. Meanwhile, the entire Chinese economy is a consequence of bad federal and local policies that have chased the production of virtually everything overseas, gutting the American middle class. Game soon over.
It's not game over, it's hitting the reset button. God mode will still be reserved for old-money bankers unless the monetary system suffers a major reset.
People generally regard forest fires as 100% destructive, wholly undesired outcomes. The reality is quite different, forest fires are part of what keeps forests healthy.
Likewise, the forceful resistance to healthy deflation has simply built up lots of dry tinder for the mother of all financial forest fires. The other side will be healthy rebirth.
"Meanwhile, the entire Chinese economy is a consequence of bad federal and local policies that have chased the production of virtually everything overseas, gutting the American middle class."
Well said.
Sooooooo buy TSLA?
No buy Amazon instead.
Amazon.con:s business idea:
"We lose money on every delivery but we compensate with huge volumes"
I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... www.globe-report.com
We got Status. Reserve Status. We give you Debt chits for Stuff.
For now. Till you get wise and pissed off.
The Higgs Boson is more stable..
The central bankers have created an earth sized debt collider and they have thrown the switch. http://www.dailymail.co.uk/news/article-2746727/Maybe-shouldn-t-looking-...
Hold me ;-)
LOL
Well that's one way to deal with the infinite debt bubble, blow the universe out of existence. But seriously if one of the best minds on the planet says "maybe we shouldn't" then maybe we shouldn't.
Excuse the philosophical diversion, but mankind has always been asking itself the meaning of life. Perhaps we are destined to hit the reset button. Scientists have theorized that the universe arose from the big bang. A bing bang from what? Maybe this universe is the billions year old version of Groundhog Day.
Babe. I got you, babe.
The Bing bang is from Microsoft.
I just checked. Bing still exists! Who knew? I search exclusively on GNOOSGLEA
Google corporate motto: Do No Evil.
Damn ZH interface. There's supposed to be a strikethrough on "No".
The big bang was a party held in Tuscany by Berlusconi and DSK with young ladies who were all of legal age according to the documents.
Sir, you seem to be among the more thoughtful and incisive observers on this website. I read your insightful post eagerly and have taken many of your observations and incorporated them into my own framework on many issues, thanks. Here a couple of website you may enjoy (you could even be familiar with one of them):
http://stormcloudsgathering.com/
http://www.truthcontest.com/entries/the-present-universal-truth/
Both website are thought provoking and challenge many notions in common circulation. I hope you enjoy them.
I think the bankers science project might be a little more like this..
In Zombie Bums from Uranus (2003), a fictional type of astronomical body (called a brown hole) is mentioned. It is stated that brown holes form when a vast interstellar butt runs out of gas and collapses in on itself, and that they force objects into random places, possibly including time travel.
<<- America more debt per capita
<<- Greece more debt per capita
We're roughly on par. What's more salient is that...
We got the Fed, the MIC, NSA, CIA, DOD, the MSM and Jewish Mafia.
And Reserve Status on the USD, which makes others beholden to acquire our fiat chits, in exchange for their stuff and services. What a global racket!
Like most Mafia bosses, ours got greedy. They could have ridden this train for another hundred years if they had just maintained a semblance of the middle class. Now they are in the mode where they are locked in their mansion with a pile of coke on their desk wondering if we've met their little friend.
Apples and Oranges......
Both fruit, both round, both come from trees, both have an outer skin, both have seeds inside, etc. etc.
Both fn broke.
Remove Greece from the EU and shit might get unstable for awhile, mostly for the banksters, but the world will move on. Remove America from the economic picture and Armageddon will unfold. Apples to Oranges.......
Only for bankers.The sun will still rise I assure you.
Greek GDP is 242 billion Euros and debt is 330 billion Euros. Greek debt is 30,000 Euros per citizen. That works out to $34,000 per citizen.
US GDP is $17 trillion and US debt is $18.12 trillion.
But US has unfunded liabilities of at least $130 trillion. Kotlikoff says debt and unfunded liabilities are about $250 trillion - that would be about $2,166,000 per taxpayer. And rising at about $100,000 per taxpayer per year.
Don't forget that USA UNOFFICIAL debt is about $150 trillion.
What is it per government worker & politician?
Guilty!!! ;-)
Sorry, but you can't change statistical families in the middle of your comparison. You want to compare US unfunded liabilities, that's fine by me, but you will have to put them up against Greek unfunded liabilities in order to offer up an honest look at things.
And, let's face it, everyone is sending their money to the US because the prospects look better here than in their own shithole countries.
Doesn't mean that we are a good credit risk. It means that we get to spend all of their money on ourselves and THEN declare bankruptcy. Gonna have one hell of a party first, and then we get to start the rebuilding process with all of the stuff we bought with their money safe on hand.
Not like they can sic the global Marines on us because we're the Marines. Too bad, so sad.
If the Yellowstone caldera erupted this wouldn't be a problem.
Our House of Cards
TND Guest Contributors: Dr. Paul Craig Roberts and Dave Kranzler
http://thenewsdoctors.com/?p=282398
Ah! But the U.S. can print its way to prosperity.
^^^THIS^^^
Here is you new keyboard, Mr Yelling.
It's just a J-box with a red button.
Yes, but it says, 'print.'
So easy a fed employee could do it!
Yes, but it says, 'print.'
The CTL P key has been changed to read "out of control print"
Just transferring any wealth that's left from the 99% to the 1%.
gdp growth expectation is one of my least favorite statistics
also, so sick of the word growth it isn't even funny
Cancer is a growth.
That is a scream. I will have to remember that quote.
Detroit/Puerto Rico, is Greece... America is Europe, and the Eastern Seaboard, is Italy, Spain,France.
detroit is Bangladesh.
lol.
You're right, this is what America is......
https://www.youtube.com/watch?v=RtNgvH1Jh3A#t=42
I think the market is overshooting these numbers.
16:30 AUD Employment Change (Jan) -12.2K -5.0K 42.4K
16:30 AUD Full Employment Change (Jan) -28.1K 46.4K
16:30 AUD Participation Rate (Jan) 64.8% 64.8% 64.8%
16:30 AUD Unemployment Rate (Jan) 6.4% 6.2% 6.1% very overbought $usd.
Just released. I hedged with aud/jpy. Lot's of positive revisions vs overbought $usd.
America is on the hook for 18 trillion . The rest of the world about 148 trillion. Who eva is owed this is fooked. The bond vigilantes will rise from the dead
the difference between the usa and the row is that the usa owes in a currency which they control. the others do not. btw, bondzilla is a myth.
TPP willbe the deathknell for USA industry and middle class. A very bad deal indeed. Of course TPP will help the top 1% make their shift abroad so THEY will hae nothing to worry about.
No big deal. The US can default or inflate out of it's debt. Even if we get Weimar style inflation, the US Gov will claim it's about 2% - no COLA increases, so old baby boomers will just have to manage. The banksters will do just fine. The 0.1% will do great. The trickle down from their spending will sustain us. American sheeple will go along. They always do. They'll bitch and complain a lot, but that's about it. Amerikans are good citizens. They know we need perpetual war to keep us free.
On a serious side - the old sheeple baby boomer retirees can go to hell. It was on their watch that we became a nation of serfs, It was on their watch that a degenerate group of Zionist criminal banksters took over and destroyed this nation. I don't believe much of the gas chamber holohoax fiction -but I'm pretty sure that liquidation/euthanasia centers will be in store for these decrepit old retirees who we will not be able to afford. They will voluntarily check in and many of their kids won't give two hoots -they'll be too preoccupied tried to survive (like eating) in the Fascist police state that is Amerika -and which will get much worse. AmeriKan elites taught Hitler everything he needed to know about eugenics-his deeds are greatly exagerated. . In due time, we'll find out what they really intended for all us "useless eaters."
a dark apartment, the afternoon sun fading away...
no...food...? honey, pass me the dog chow...
there is no moar, husband....I am weak...why are you looking at Spot like ...that...gasp...
maybe the kids will find another bag of dog or cat food.....
...i don't ....know....they only have 5000$ on them....
**
Meanwhile, The Fascist American Police Forces continue to murder US Citizens in Cold Blood.
I read this first before I linked it, some of the stuff on the website is misleading or sensationalist, but this is for reals. I had a couple of older people calls just like this in the day, but we never shot them. We met a relative or friend at the house and had them rouse them. I would go knock on doors to see if anyone knew the guy. Now, well, kill 'em. I am ashamed I ever carried a badge, but I am not ashamed of my police work.
http://www.infowars.com/family-asks-cops-to-check-in-on-sick-veteran-cop...
*****
Why were you forced to shoot and kill Mr Jones on aroutine stop, Officer?
Well, I asked him for his wallet; he had it in his hands, visible, on the steering wheel in plain site.
So, despite his precautions, you still needed deadly force?
Yes. I thought his wallet might have a small derringer or knife in it. At the Academy, we are taught All Citizens are the Enemy.
"The banksters will do just fine. The 0.1% will do great. "
That's right. They write the laws and get them passed. The sheeple will just sit and take it.
I jus covered my aud/jpy shorts. I'll focus on usd/jpy going into London.
The South was right!
Yeah! And, this time around, we have Arms Factories.
or at least auto plants. Invade the North with Hundai or what ever. Shit what were we talking about?
Stop whoring for Wall Street.
http://www.showrealhist.com/yTRIAL.html
http://patrick.net/?p=1223928
Don't you just love how almost every graph you see predicts an upward trend in the economy, profits, or whatever, and every "corrected" graph, after the fact, gets "adjusted" in the opposite direction? If you want to see how it's really going to be, just turn the graph upside down and hold it up to a mirror.
Merca isn't dead...it has been a zombie for ages. And in today's "capitalist" system zombies are kosher.