Chart usGOLD   Chart usSILVER  
 
Food for thought
It is error alone which requires the support of government. Truth can stand by itself
Thomas Jefferson  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1283.50-10.58
Silver 19.27-0.36
Platinum 1408.403.90
Palladium 789.83-5.07
WORLD MARKETS
DOWJONES 16409-16
NASDAQ 40969
NIKKEI 1458872
ASX 544532
CAC 40 443226
DAX 941092
HUI 220-2
XAU 90-1
CURRENCIES (€)
AUS $ 1.4804
CAN $ 1.5224
US $ 1.3809
GBP (£) 0.8224
Sw Fr 1.2199
YEN 141.7320
CURRENCIES ($)
AUS $ 1.0727
CAN $ 1.1022
Euro 0.7241
GBP (£) 0.5956
Sw Fr 0.8833
YEN 102.6330
RATIOS & INDEXES
Gold / Silver66.61
Gold / Oil12.31
Dowjones / Gold12.78
COMMODITIES
Copper 3.050.02
WTI Oil 104.300.83
Nat. Gas 4.740.21
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
Peak Consumption
Published : May 08th, 2013
269 words - Reading time : 0 - 1 minutes
( 3 votes, 4.7/5 ) Print article
 
    Comments    
Tweet
Keywords :   Etc | Global | Government |

With Co-Host Charles Hugh Smith

27 Minutes, 26 Slides

A flawed GDP formula currently hides the problems in the US economy associated with swollen and unrealistic levels of consumption. The fact that Investment has fallen and net exports are chronically negative has been recently 'papered' over by increased government expenditures. These distortions will soon be brought to the fore since a 71% consumptions level in the US can not longer be sustained and the cracks are showing.

24hGold - Peak Consumption


How Did It Get To Such A Level?

Most developed countries have consumption levels approximating 50 - 55%. The US, reflective of a high standard of living, has sustained high levels of consumption for the last 30 years. This was based on:

  1. High Levels of Employment,
  2. A Strong Middle Class,
  3. Years of strong Domestic and Foreign Capital Investment,
  4. Low Levels of Per Capita Poverty,
  5. Industrial Strength resulting in Global Export Dominance,
  6. Public Policy that supported Private Investment and Business,
  7. Low Tax Levels.

24hGold - Peak Consumption


Why a 70% Consumption Can't Be Sustained

The 70% Consumption level has peaked due to:

  1. Crushing Post Secondary Education Costs,
  2. The Shift from Defined Benefits Programs with Contributor Benefit Programs,
  3. Elevated Costs for Housing,
  4. Job shortages,
  5. 47.8M Americans or 15% of population on Food Stamps and 50M Americans below the poverty line,
  6. 110M Americans are on Welfare Programs (88M) or work for 'Government' while 110M working age Americans are not working (students etc.) and the remaining 95M are younger than 18 or over 65.

24hGold - Peak Consumption


Peak Consumption Video - 27 Minutes, 26 Slides

Check out our extensive library of videos

VIDEO LIBRARY

YouTube Channel

20-40 Minute Shows with 25-50 Supporting Slides

Tweet
Rate :Average note :4.7 (3 votes)View Top rated
Previous article by
Gordon Long
All articles by
Gordon Long
Next article by
Gordon Long
Receive by mail the latest articles by this author  
Latest comment posted for this article
Be the first to comment
Add your comment
TOP ARTICLES
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis

Gordon Long

Mr. Long is a former senior group executive with IBM & Motorola, a principle in a high tech public start-up and founder of a private venture capital fund. He is presently involved in private equity placements internationally along with proprietary trading involving the development & application of Chaos Theory and Mandelbrot Generator algorithms.
Gordon Long ArchiveWebsite
Most recent articles by Gordon Long
4/17/2014
4/15/2014
4/8/2014
4/6/2014
4/4/2014
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer