11 Reasons The U.S. Economy Is DOOMED – The Crash Is Coming!
Josh Sigurdson sits down with author and economic analyst John Sneisen to break down the top 11 reasons why the U.S. economy is doomed to collapse.
Following an article by Michael Snyder at ‘The Economic Collapse Blog’ called ’11 Reasons Why U.S. Economic Growth Is The Worst That It Has Been In 3 Years’ and we elaborate on the top 11 reasons he provides.
This includes a minimal economic growth as the last six quarters have shown no more than 2% growth annually.
CBS News has reported that three-fourths of all U.S. consumers have to “scramble to cover their living costs” each month.
The U.S. economy only added about 98,000 jobs in March, and that was approximately half of what most analysts were expecting.
This is the first time since the last recession when there has been no growth for commercial and industrial lending for at least six months.
Last month, U.S. factory output dropped at the fastest pace that we have witnessed in more than two years.
We are in the midst of the worst “retail apocalypse” in U.S. history.
This has been the worst year for U.S. automakers since the last recession, and seven out of the eight largest fell short of their sales projections in March.
Used vehicle prices are falling “dramatically”, and Morgan Stanley is now projecting that used vehicle prices “could crash by up to 50%” over the next several years.
Commercial bankruptcies are rising at the fastest pace since the last recession.
The student loan bubble is starting to burst.
And we can’t forget government debt and the Federal Reserve debt.
John and Josh cover all of this and more in this comprehensive breakdown!
Stay tuned for more from WAM!
Video edited by Josh Sigurdson
John Thore Stub Sneisen
Graphics by Bryan Foerster and Josh Sigurdson
Visit us at www.WorldAlternativeMedia.com
LIKE us on Facebook here:
Follow us on Twitter here:
Help keep independent media alive!
Pledge here! Just a dollar a month can help us stay on our feet as we face intense YouTube censorship!
Buy Tickets To The Historic ‘Red Pill Expo’ in Montana!
World Alternative Media
“Find the truth, be the change!”