It’s not going so well. Global corporations are laying
off to offset projected losses in revenue and profit due to the slowing global
economy.
PPT Sovereign Suicide
UN Agenda 21 goals are being advanced by our largest
global US corporations insisting on PPT passage…a really bad treaty that
destroys US sovereignty. It would
permanently open US borders and double unemployment. It would allow the
immigration of up to another 300 million immigrants. It would destroy US courts
and nullify US law.
US Economy in 2014
US GDP went from $16.8 trillion in 2013 to $17.4 trillion
in 2014, Labor Force Participation was 153 million. Exports were $1.64 trillion
and Imports were $2.37 trillion.
http://en.wikipedia.org/wiki/Economy_of_the_United_States
Median Household Income was $56,436 in 2007 and dropped
to $51,939 in 2013. For the top 5% of households the median income is $196,000.
http://blogs.marketwatch.com/encore/2014/10/02/incomes-are-much-lower-than-you-think/
US Food prices increased 2.3% from 2013 to 2014. The 20
year average is 2.6%.
US Food inflation is forecast to go to 5.42% in 2015.
Global GDP was $72.6 trillion in 2014
For the next 2 years, high income countries are forecast
to grow about 2% per year. Developing
countries are forecast to grow about 5% per year. Global GDP is forecast to
grow about 3%.
Deflation
The Saudi initiated drop in oil prices is saving US
drivers money, but gold is expected to drop to $1,089 an ounce next year.
Deflation lowers prices. It occurs when people save
instead of spend.
Stock Market Bubbles
We have a stock market bubble right now. When the bubble breaks, the value of stocks
will adjust back to true value.
After the 1929 stock market crash, the price of
everything dropped. Those who pulled
their cash out in time had money to spend on bargains.
Government Spending
We need to cut government spending by at least $500
billion a year to avoid increasing our $18.2 trillion national debt. It could
make GDP slightly lower, but sovereign bankruptcy is much worse. The federal
government is wasting billions on things we don’t need and don’t want.
Globalization Scorecard
The movement of US jobs overseas has given those
countries a boost at the expense of the US worker. Our global corporations risk losing American
consumers. But the profit glut that resulted from labor and regulatory costs
will decline along with the overall decline in the global economy. If UN Agenda
21 continues to be implemented, it will be worse. The carbon scheme is unraveling as
governments resist signing on, so that subsidy is evaporating. Our global
corporations need to rethink their strategy.
Norb Leahy, Dunwoody GA Tea Party Leader
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