Standstill: The Charts That Prove The Global Economy Is In Serious Trouble
by Mac Slavo, SHTFPlan:
Amid growing concern that the global economy is teetering on the edge of a total collapse, governments in Europe, China and the United States continue to manipulate statistics in an effort to paint a picture of recovery and a return to normalcy.
But despite their best efforts to fabricate positive employment numbers, GDP growth, currency stability and stock market health, the stark reality is that the global economy is at a standstill, and has been since before the crash of 2008.
Economic growth is measured by how much we produce and consume, and before the bursting of the bubble there was an unprecedented level of consumption in America and throughout the rest of the world. But when credit markets and lending froze in response to a loss of confidence in the financial system following the collapse of investment giants Bear Stearns and Merrill Lynch, the economy as we had come to know it fell apart.
2012-12-13 03:33:31
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