As the DOW hits all-time high territories, ZeroHedge gives a jarring compare/contrast of what the world looked like the last time we were here – and how much worse we are NOW than we were THEN right before the collapse…
(The massive pumping of low interest rate dollars to prop up the false economy has a growing number of economists warning things are about to get very ugly very fast – and we are now in far worse shape to handle a strong economic disruption than we were before the repeated failures of Barack Obama. The only question that will then remain is to ask if Barack Obama was merely incredibly incompetent – or a tool put in place to fail exactly as he has…)
Now check out this compare/contrast from ZeroHedge.com showing the American economy right before the 2008 collapse as it compares to the American economy now. The country is MUCH-MUCH weaker now than it was then…
- Dow Jones Industrial Average: Then 14164.5; Now 14164.5
- Regular Gas Price: Then $2.75; Now $3.73
- GDP Growth: Then +2.5%; Now +1.6%
- Americans Unemployed (in Labor Force): Then 6.7 million; Now 13.2 million
- Americans On Food Stamps: Then 26.9 million; Now 47.69 million
- Size of Fed’s Balance Sheet: Then $0.89 trillion; Now $3.01 trillion
- US Debt as a Percentage of GDP: Then ~38%; Now 74.2%
- US Deficit (LTM): Then $97 billion; Now $975.6 billion
- Total US Debt Oustanding: Then $9.008 trillion; Now $16.43 trillion
- US Household Debt: Then $13.5 trillion; Now 12.87 trillion
- Labor Force Particpation Rate: Then 65.8%; Now 63.6%
- Consumer Confidence: Then 99.5; Now 69.6
- S&P Rating of the US: Then AAA; Now AA+
- VIX: Then 17.5%; Now 14%
- 10 Year Treasury Yield: Then 4.64%; Now 1.89%
- EURUSD: Then 1.4145; Now 1.3050
- Gold: Then $748; Now $1583
- NYSE Average LTM Volume (per day): Then 1.3 billion shares; Now 545 million shares LINK
-LOOK AT THE FED BALANCE SHEET NUMBER FROM 2008 TO NOW!!!!
-LOOK AT THE U.S. DEFICIT FROM THEN TO NOW!!!!!
-LOOK AT DEFICIT AS PERCENTAGE OF GDP FROM THEN TO NOW!!!
IF THE FED STOPS PRINTING FALSE MONEY – THE ENTIRE SYSTEM COLLAPSES. WE ARE TALKING REAL COLLAPSE. POWER GRID FAILURES, FUEL SHORTAGES, AIRPORTS SHUTTING DOWN, SAVINGS ACCOUNTS WIPED OUT, FOOD SHORTAGES…THE REAL DEAL COLLAPSE FOLKS. THIS IS WHAT WSI WAS WARNING US ABOUT ALMOST TWO YEARS AGO. THAT WARNING IS HERE. NOW.
PLEASE PREPARE FOR THE WORST – HOPE FOR THE BEST….