• Same story, different day...........year ie more of the same fiat floods the world
  • There are no markets
  • "Spreading the ideas of freedom loving people on matters regarding high finance, politics, constructionist Constitution, and mental masturbation of all types"

America is in Terminal Decline

BarnacleBob

GIM Founding Member & Mod.
Founding Member
Site Mgr
Site Supporter
Joined
Oct 15, 2012
Messages
9,439
Likes
11,199
Location
Ten-Oh-Cee
#1
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/
 

hammerhead

Not just a screen name
Gold Chaser
Site Supporter
Joined
Feb 22, 2012
Messages
4,080
Likes
3,846
Location
On a speck of dust
#5
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?
 

solarion

Gold Member
Gold Chaser
Site Supporter ++
Joined
Nov 25, 2013
Messages
5,050
Likes
7,614
#7
This chart from the article linked by the OP was particularly poignant imo:


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