Results 1 to 3 of 3

Thread: 50 Statistics About The U.S. Economy That Are Almost Too Crazy To Believe

  1. #1
    Funding Member
    „Friend of Germanics”
    Funding Membership Inactive
    Nachtengel's Avatar
    Join Date
    Jul 2008
    Last Online
    Saturday, April 17th, 2021 @ 11:09 PM
    Thanks Thanks Given 
    Thanks Thanks Received 
    Thanked in
    747 Posts

    50 Statistics About The U.S. Economy That Are Almost Too Crazy To Believe

    As the U.S. Congress plans for the future with all the care of a rock band in a rented hotel room, what should we expect? -Ed.

    Most Americans know that the U.S. economy is in bad shape, but what most Americans don't know is how truly desperate the financial situation of the United States really is.

    The truth is that what we are experiencing is not simply a "downturn" or a "recession". What we are witnessing is the beginning of the end for the greatest economic machine that the world has ever seen. Our greed and our debt are literally eating our economy alive.

    Total government, corporate and personal debt has now reached 360 percent of GDP, which is far higher than it ever reached during the Great Depression era. We have nearly totally dismantled our once colossal manufacturing base, we have shipped millions upon millions of middle class jobs overseas, we have lived far beyond our means for decades and we have created the biggest debt bubble in the history of the world.

    A great day of financial reckoning is fast approaching, and the vast majority of Americans are totally oblivious.

  2. #2
    Senior Member
    Leonhardt's Avatar
    Join Date
    Aug 2007
    Last Online
    Monday, August 20th, 2012 @ 04:28 AM
    Germanic American
    United States United States
    Thanks Thanks Given 
    Thanks Thanks Received 
    Thanked in
    3 Posts
    There has been around one trillion spent in the middle east wars, one trillion spent on the bank bailouts, and another trillion is projected for the health care plan.

    The military bases in Iraq and Afghanistan are permanent. The bankers were still paying their employees bonuses the second year after the "bailout", and buying up the competition. I have not seen any small business credits proposed yet to stimulate new businesses.

    It seems like Congress is bumping the debt ceiling higher more than once per year. You know you have a problem when the bankers try to get you to stop spending money.

    Why Can’t Congress Stop Spending?

    by Rep. Ron Paul, MD

    Congress spent one evening last week debating a token measure to reduce government spending by implementing very slight caps on some future entitlements. Not surprisingly, even this exceedingly modest bill failed overwhelmingly. The process behind the vote, however, reveals just how deeply ingrained the spending problem really is.

    The Offshore Outsourcing of American Jobs: A Greater Threat Than Terrorism
    by Dr. Paul Craig Roberts

    US corporations justify their offshore operations as essential to gain a foothold in emerging Asian markets. The Hira brothers believe this is self-delusion. "There is no evidence that they will be able to outcompete local Chinese and Indian companies, who are very rapidly assimilating the technology and know-how from the local US plants. In fact, studies show that Indian IT companies have been consistently outcompeting their US counterparts, even in US markets. Thus, it is time for CEOs to start thinking about whether they are fine with their own jobs being outsourced as well."

    I heard a good analogy on the radio that everyone cannot collect at the same time, someone has to be paying in.
    Bankruptcy talk spreads among California officials

  3. #3
    Senior Member
    Zogbot's Avatar
    Join Date
    Jan 2010
    Last Online
    Wednesday, November 23rd, 2011 @ 05:00 PM
    Thanks Thanks Given 
    Thanks Thanks Received 
    Thanked in
    5 Posts
    The Anglo machine was always based on destruction. They couldn't fix their economy so they started the second World War, came over here, bombed everything to smithereens and thus became the only nation capable of production and have been living fat off that ever since. Now the Jews stabbed them in the back (surprise! Didn't see that one coming...) by sending all the factories overseas. Their time is up. The Anglo must perish if the Germanic is to live.

Similar Threads

  1. Official Statistics Say, Don't Trust Official Statistics
    By Schmetterling in forum Articles & Current Affairs
    Replies: 5
    Last Post: Sunday, March 23rd, 2008, 05:21 AM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts