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Shocking Charts And Statistics That Prove That America Is No Longer A Wealthy Nation

 
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12/09/2011 09:58 AM
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Shocking Charts And Statistics That Prove That America Is No Longer A Wealthy Nation
How do you decide whether you are wealthy or not? Do you determine that by how much money you spend at the stores? Of course not. You can tell if you are wealthy or not by comparing your assets (the money in your bank account, equity in your home, etc.) to your liabilities (your mortgage, credit card debt, student loan debt, etc.). Well, a lot of Americans seem to believe that just because a lot of money is circulating in our economy that it must mean that we are a wealthy nation. But that is simply not true. To tell whether or not America is a wealthy nation, you need to look at the balance sheet numbers. And when you look at the balance sheet numbers, a very sobering story emerges. Over the past three decades, government debt, business debt and household debt have absolutely exploded, but our assets have not. That means that we are getting poorer as a nation. Hopefully the shocking charts and statistics in this article will help a lot of Americans to wake up. Yes, we once were the wealthiest nation on earth, but today America is no longer a wealthy nation.

Household Wealth

We live during a time when U.S. households are becoming poorer. This week the Federal Reserve announced that the total net worth of U.S. households declined by 4.1 percent in the 3rd quarter of 2011 alone.

That is a staggering decline. The total net worth of U.S. households plummeted by $2.2 trillion during those three months. When you break that down, it comes to approximately $7,800 for every single U.S. citizen.


[link to theeconomiccollapseblog.com]

more and the charts at the link provided




But this is not the first time we have seen a huge decline in U.S. household wealth in recent years.

A recent article posted on CNN detailed the stunning drop in U.S. household wealth that we saw from 2007 to 2009....

Household wealth plunged $16.3 trillion in the two years from early 2007 to the first quarter of 2009, and has slowly been climbing since then. But with the drop in the third quarter of this year, households find their net worth still $9.4 trillion, or 14%, below the high they hit in early 2007, before the bursting of the housing bubble.
So right now the total net worth of U.S. households is $9.4 trillion below what it was back in 2007.

That certainly is not good news.
One of the biggest tragedies of human civilization is the precedence of chemical therapy over nutrition. It's the substitution of artificial therapy over natural, of poisons over food, in which we are feeding people poisons trying to correct the reactions of starvation." Dr. Royal Lee, 1935
NUTRAMAC  (OP)

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12/09/2011 10:00 AM
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Re: Shocking Charts And Statistics That Prove That America Is No Longer A Wealthy Nation
Total Debt

The following chart from the Federal Reserve combines government debt, business debt and consumer debt. As you can see, America is swimming in an ocean of more than 50 trillion dollars of debt....

To get an idea of how bad that is, just look at where total debt was at back in 1970 or 1980.

Over the last three decades we have seen an orgy of debt that has been absolutely unprecedented.

Meanwhile, we are bleeding national wealth at a staggering rate.

Every single month, tens of billions of dollars more goes out of this country than comes into it.

In fact, it is being projected that the U.S. trade deficit for 2011 will be 558.2 billion dollars.

This represents a transfer of wealth that is so vast that it is almost impossible to believe.

Our dependence on foreign oil is greatly contributing to this. It is being projected that for the first time ever, the OPEC nations are going to bring in over a trillion dollars from exporting oil this year. Their biggest customer is the United States.

When we send hundreds of billions of dollars overseas, that is hundreds of billions of dollars that does not go into the pockets of American business owners or American workers.

The United States has had a negative trade balance every single year since 1976, and since that time the United States has run a total trade deficit of more than 7.5 trillion dollars with the rest of the world.

For a moment, imagine a giant map of the world. Then imagine a pile of 7.5 trillion dollars sitting on the United States of America.

That looks pretty good, eh?

[link to theeconomiccollapseblog.com]
One of the biggest tragedies of human civilization is the precedence of chemical therapy over nutrition. It's the substitution of artificial therapy over natural, of poisons over food, in which we are feeding people poisons trying to correct the reactions of starvation." Dr. Royal Lee, 1935
NUTRAMAC  (OP)

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12/09/2011 10:23 AM
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Re: Shocking Charts And Statistics That Prove That America Is No Longer A Wealthy Nation
1 star bandit fuck off
One of the biggest tragedies of human civilization is the precedence of chemical therapy over nutrition. It's the substitution of artificial therapy over natural, of poisons over food, in which we are feeding people poisons trying to correct the reactions of starvation." Dr. Royal Lee, 1935





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