By Sara Niles
The 2008 Recession is fading into the past as markets rebound, so is there a reason for concern?
Money is not the root
of all evil, and it is not the key to
happiness, but it is a necessary part of life all over the world. The need
to secure resources needed for survival is what gives money its value, a fact
that is most true in America. The stability or instability of a national
economy gives the country power and advantage globally, or it places the country
in a weakened position; therefore ‘what’s in your pocketbook’ nationally
speaking, is vital to its global health in more ways than one. America is
considered a global leader militarily, politically and economically, and as
such, what affects the American economy affects the world economy.
The
American economy is currently recovering
from the 2008 recession, with housing prices going up and interest rates
stabilizing, so it may appear the coast is clear and there is nothing to worry
about. America has suffered economic crises in the past, in fact every Ten Years or So there
is an economic upheaval that is usually
addressed in time, such as the 2008 financial crisis. There is also usually a
warning that something is about to give, such as what happened in 2006 when the
prices of housing began to fall at the same time mortgage defaults were on the
rise- the result was the large insurance companies faced near collapse and had
to be bailed out by the federal government . The Warning was given long before it happened, but was not heeded in time.
The question now is there another financial crisis looming
or is financial instability behind us now? In order to answer that question, a few facts are needed.
The rise of the economy since 2008 has led to an economic restructure
with the gap between the superrich and super poor becoming a chasm, and the
increase in jobs reflected in the jobs market a result of underemployment, or
to put it simply: more people working jobs that pay less money than before. The
signs of danger are embedded within the larger financial cogs, only visible to
financially savvy experts in the field.
Four American Billionaires are warning that something is
about to give, there is creaking of the financial beams of the American
economic structure and it is not what you may expect. Andy Redleaf who predicted the 2008 crisis, is worried again, along with Sam Zell, Carl Icahn, and Crispin Odey all
of whom are saying similar things that amount to impending financial crisis looming.
It makes sense that a crisis coming on the heels of the 2008
unofficial ‘recession’ could be more intense and deep-rooted simply because the
foundation of our economy has become weaker. Multimillionaire financial
research analyst Porter Stansberry on the subject of the next big financial crisis predicts the next financial earthquake with threaten ‘your way of life’ in a
way that can’t be ignored.
