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The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming

The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming

By Michael Snyder

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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No wonder Newt wants a base on the MOON

Well, I heard a saying once that all great empires fail eventually do to stupidity. I seriously doubt that if things don't change within the next 4 years that there will be much of a chance to save this country.

The reality is unless Obama is re-elected it will be at least 2021 before the status quo can even possibly be changed. I truly don't see how things can deterioate to that point without something catastrophic happening.

All I can say is prepare now for the end may be near ;(

welcome to the grand illusion

step on up ,get your tickets to the show

welcome my son, welcome to the machine

$25,000 gold

"inflation will hit us like a tide wave"~ Peter schiff

Senator Peter Schiff 2016

Think he meant Tsunami

It's going to hurt like a bitch is all I got to say.