The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming
The
people out there that believe that the U.S. economy is experiencing a
permanent recovery and that very bright days are ahead for us should
have their heads examined. Unfortunately, what we are going through
right now is simply just a period of "hopetimism" between two financial
crashes.Things may seem relatively stable right now, but it won't last
long. The truth is that the financial crisis of 2008 was just a warm
up act for the economic horror show that is coming. Nothing really got
fixed after the crash of 2008. We are living in the biggest debt bubble
in the history of the world, and it has gotten even bigger since then.
The "too big to fail" banks are larger now than they have ever been.
Americans continue to run up credit card balances like there is no
tomorrow. Tens of thousands of manufacturing facilities and millions of
jobs continue to leave the country. We continue to consume far more
than we produce and we continue to become poorer as a nation. None of
the problems that caused the crisis of 2008 have been solved and we are
even weaker financially than we were back then. So why in the world are
so many people so optimistic about the economy right now?
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