Some economists say that economic collapse is in progress now. Real unemployment/under-employment is worse than during the Great Depression.
The economy has never really recovered since the crash of 2008. Published numbers are fudged. Many jobs have moved overseas.
Our economic downfall is tied to the debt based currency, deceptive banking practices and consolidation of the power of major corporations over financial and political systems. We are getting closer to a planned high tech tyranny with a global financial and governance system.
The declining use of the U.S. dollar in international trade, and the exposure of banks, companies and governments to the ridiculous derivative contracts on sub-prime assets is expected to bring a financial crash.
There is an unfolding effort by good leaders to clean up fraudulent debt and restore real value to economics. The challenge is to implement reforms without allowing the elite power cabal to solidify their control in a new world financial system that they dominate.
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