7 Factors That Are Destroying The US Economy

Ever since 2013, based on false statistics and prophecies, many have made the claim that the US economy is in fact on the road to salvation. But the harsh reality raised its ugly head every time, revealing that our economy is not going up, but downhill. And these are the main reasons of the inevitable collapse:

1 – Not enough jobs

This is one of the main factors of the forthcoming decline, as millions and millions of jobs have been moved overseas and out of hard-working, God-fearing American’s reach. Big companies have moved entire operations overseas, because the cheaper labor force, mostly in Asia. The American work force interests were not defended in the matter. In 2009, when the Obama administration first came to office, the US yearly trade deficit with China was $226 billion; only in the first half of 2015 it’s about 170 billion.

2 – No support for new businesses

In a prosperous economy, the number of businesses that are being opened should surpass the number of businesses that are being closed down. This is not the case in the US, where more businesses are forced to shut down then the ones that open. And this has been the case for 6 years now. Gallup CEO and Chairman Jim Clifton had this to say in the matter: “Let’s get one thing clear: This economy is never truly coming back unless we reverse the birth and death trends of American businesses. I don’t want to sound like a doomsayer, but when small and medium-sized businesses are dying faster than they’re being born, so is free enterprise”. This shocking phenomenon is unprecedented in all of US history.

3 – A crippling national debt

The facts in the matter are cold and harsh: before entering the last recession, the US national debt was sitting at about $9 trillion. But ever since, that number has doubled, at a current estimate of about $18 trillion! This can spell nothing but disaster, as the US economy is slowly taking a turn for the worst, not far from where Greece is today, unable to recover from the crushing weight of the national debt. You find clear indicators in the chart provided.

4 – Unemployed young Americans

The inactivity of young Americans in their prime is crushing the already fragile state of our economy even further. Accurate statistical data shows that the percentage of males (ages 25 to 54) that aren’t scouting for jobs or simply not working at the present time, has reached an all time high since the last recession. A contributing factor is also the retiring from the work force of old American citizens or of those afflicted by diseases or physical handicaps.

5 – The dying middle class

The numbers are clear and speak for themselves. When it comes to the middle class, in mid 2008, 53% of Americans were considering themselves to be middle class, in high contrast to early 2015, when only 44% percent still consider themselves as part of the middle class. When it comes to young Americans (ages 18 to 29), the percentage are even more conclusive: in 2008 only 25% of young Americans thought of themselves as lower class, but by the end of 2014 the number skyrocketed to a staggering 49%. This tells you everything about the drop in lifestyle of the American youth.

6 – High cost of living

Because of bad management, the prices keep getting higher and higher, making life harder and harder for the average American with passing year. But the incomes always stay the same; nothing ever seems to be improving in that department. In this situation will eventually find it next to impossible to afford even the most basic everyday items such as food, clothes or even paying the bills. You can read all about how the price of beef has doubled ever since the last recession here.

7 – A decline in homeownership

Homeownership has never been a problem in the US. At least not before 2008, when the US homeownership rate was at about 68%. Today, it’s as low as 62%, the lowest it has ever been in 25 years. But it doesn’t stop here. The homeownership rate is apparently stuck in a continuous free-fall, with very little hope of recovering in the near future.

It’s unclear of how things are going to work out; most likely it will never happen. The road our current leaders are taking us on is one set for destruction. Once the economic collapse hits, our social structures will crumble and we’ll find ourselves nothing more but survivors among the ruins. When it comes to a helping hand, we’ll have no one else to turn to but ourselves. Be prepared to survive, because that’s what it’ll ultimately come down to. Check out >> Alive After The Fall

by Alec Deacon