Once arrived the 1st January, the much-feared disaster of the "Year 2000 bug" did not happen. The computer systems worked as if nothing had happened. It is rather the United States which stopped turning on this date.
At least that's our hypothesis.
New York and Washington have not yet been ransacked. The Americans did not go through the sword. Their army remains undefeated on the battlefield.
But after January 2000, their stock markets (ie their largest assets) began to fall.
In terms of gold, the Dow has lost more than half of its value since the turn of the century.
The stock market is said to be anticipating; Does he anticipate a weaker, poorer America?
We do not know anything about it. But in the 21st century, GDP growth has slowed. Debt has increased. Imports skyrocketed; exports have declined. The perversities and the absurdities, as for them, multiplied.
Things are no longer what they seem to be – because the price signals have been distorted by the authorities. Half of Americans take the gospel word unabashed lies.
End of bubble
Yes, the United States may have passed their peak. And while they wait for the barbarians, we enjoy a delicious end-of-bubble period … full of fantasies and illusions … foolishness and subterfuge.
Meanwhile, America is declining. The magazine Foreign Policy :
"According to many criteria, the United States seems a frankly poor country, or even in the bottom ranks of rich countries. Take the three traditional American goals: 'life, freedom and the pursuit of happiness'.
Regarding the criteria of quality of life, the United States often rank badly. The UN's Human Development Index, which measures not only economic performance, but also life expectancy and school education, puts the United States at 13th place, behind other industrialized democracies like Australia, Germany and Canada. The United States is 45th in terms of infant mortality, 46th in maternal mortality and 36th in life expectancy.
And freedom, then? According to Reporters Without Borders, the US is 48th in terms of protecting the freedom of the press. Transparency International's Corruption Perceptions Index ranks the United States as the 22nd least corrupt country in the world, behind Canada, Germany and France. Freedom House experts rank the USA 33rd in terms of political freedom, while the Varieties of Democracy project puts the quality of American democracy a little higher – at 27th square.
As for happiness: the World Happiness Report puts America at 19th rank, just after Belgium. Belgium ! "
Debt begins to weigh heavily
Perhaps you are saying that US consumer spending will ensure economic expansion? You will be disappointed.
US household debt rose from 35% of income in 2000 to nearly 44% today. As they drag the heavy baggage of their past spending, consumers have a hard time considering future expenses.
In addition, many households live on a monthly basis. GOBankingRates reported last month that 62% of US households had less than $ 1,000 in savings; of this figure, half had no savings at all.
On the other hand, compared to a good deal of the rest of the world, Americans work more and are paid less.
They work more hours than the British, the French, the Germans – or any other developed economy … but that does not take them far.
The median wealth per adult in the United States is only $ 61,000. This puts them behind the citizens of 20 other countries, including Spain, Italy, Taiwan and South Korea.
There is employment and employment …
The US Bureau of Labor Statistics (BLS) tells us that unemployment is at 50-year lows. But, according to the BLS, anyone who works 10 hours a week to park cars or braid hair is "in office".
Since 2000, almost all new jobs have been created in the service sector, which pays poorly, or in the government sector, to limited productivity: restaurants … pizza delivery … Lyft … care of the elderly and their pets … Homeland Security … and so on.
Family-friendly jobs fell by 5 million during this 20-year period. At the same time, the US population has grown by 47 million people. And, at the same time, 5.8 million workers have disappeared.
Research teams returned claiming that they had been spotted lying on sofas, watching TV, or sitting in a Starbucks where they pretended to be working at a new start-up.
"Decline in the labor force participation rate" is how economists describe this. This is what happens when the jobs offered are so unattractive (pay so little, in other words) that people do not even bother to apply.
If we add up all of this, we end up with an average American man whose income is almost 30% lower than it was in the 1970s.
Or, if you calculate that in terms of the time needed to buy a regular car and house, it has to lengthen 50% more.
Clearly, these facts heavily influenced voters in 2016. They were eager to restore America's grandeur.
Did it work?