1. Same story, different day...........year ie more of the same fiat floods the world
    Dismiss Notice
  2. There are no markets
    Dismiss Notice
  3. Week of 6/24/2017 Closing prices & Chg Over Last Wk---- Gold $1256.40 Silver $16.64 Oil $43.01 USD $96.94
  4. "Spreading the ideas of freedom loving people on matters regarding high finance, politics, constructionist Constitution, and mental masturbation of all types"
    Dismiss Notice

America is in Terminal Decline

Discussion in 'Topical Discussions (In Depth)' started by BarnacleBob, Nov 29, 2017.



  1. BarnacleBob

    BarnacleBob GIM Founding Member & Mod. Founding Member Site Mgr Site Supporter

    Joined:
    Oct 15, 2012
    Messages:
    8,682
    Likes Received:
    9,865
    Trophy Points:
    113
    Gender:
    Male
    Location:
    Ten-Oh-Cee
    Terminal decline, Automatic Earth - Prior to 2009, debt was able to support a rising standard of living. Less than a decade later, it can’t even maintain the status quo. That’s what you call a breaking point. To put that in numbers, there’s a current shortfall of $18,176 between the standard of living and real disposable incomes. In other words, no matter how much people are borrowing, their standard of living is in decline. Where does that consumer confidence level come from? Is that the media? Is it that people think things cannot possibly get worse? Americans don’t choose to not save, they have nothing left to save. And that will have its own nasty consequences down the road.

    https://www.theautomaticearth.com/2017/11/america-is-in-terminal-decline/
     
    Po'boy and Uglytruth like this.
  2. southfork

    southfork Mother Lode Found Mother Lode

    Joined:
    Mar 31, 2010
    Messages:
    13,885
    Likes Received:
    11,677
    Trophy Points:
    113
    DECLINE AND DENIAL
     
  3. the_shootist

    the_shootist The war is here on our doorstep! Midas Member Site Supporter ++

    Joined:
    May 31, 2015
    Messages:
    16,035
    Likes Received:
    15,980
    Trophy Points:
    113
    Occupation:
    Oxygen Breather
    Location:
    Somewhere out there!
    Preparation is our salvation!
     
  4. arminius

    arminius Gold Member Gold Chaser Site Supporter ++

    Joined:
    Jun 6, 2011
    Messages:
    2,884
    Likes Received:
    3,428
    Trophy Points:
    113
    Occupation:
    420 healer
    Location:
    right here right now
    It won't seem like salvation when it comes...
     
  5. hammerhead

    hammerhead Not just a screen name Gold Chaser

    Joined:
    Feb 22, 2012
    Messages:
    3,118
    Likes Received:
    2,474
    Trophy Points:
    113
    Location:
    On a speck of dust
    Make America Great Again. Some how. Somebody. Please.

    Take away the problem to get the solution. I try to live bare boned as possible and am able to get by mostly on a monthly basis but my debt is still there. Am I wrong for not losing sleep over it?
     
  6. nickndfl

    nickndfl Midas Member Midas Member Site Supporter ++

    Joined:
    Jan 7, 2011
    Messages:
    11,413
    Likes Received:
    9,052
    Trophy Points:
    113
    Location:
    Florida
    Drain the sewer.
     
  7. solarion

    solarion Gold Member Gold Chaser Site Supporter

    Joined:
    Nov 25, 2013
    Messages:
    4,075
    Likes Received:
    6,195
    Trophy Points:
    113
    This chart from the article linked by the OP was particularly poignant imo:
    [​IMG]

    The credit machine keeps right on churning out debt, but the new debt is no longer creating much economic activity.
     
    Son of Gloin likes this.

Share This Page