American Economy 101 – The Coming Depression
The scope of problems facing not only the USA but countries around the world are monumental. In the last 50 years or so much of what made countries great and fueled prosperity has changed. For developed countries like the USA the loss of middle-class manufacturing jobs has lead to a new reality, 1% of the people control the wealth and the rest are loosing ground. Young people especially are being impacted with many having to live home for longer, staying in school as jobs are scarce but also the ‘Baby Boomers’ are feeling it. Having to work longer, less money to live on leads to a hopeless feeling. Things are bad all over and with political parties, politicians playing power games, creating division, for which there is no end in sight, the prospect for the future is not a double dip recession but the ‘D’ word that no one seems to mention. Depression of the global economies.