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The Sub-Prime Economy: Students, Car Buyers and Retail Stores

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Published : July 17th, 2014
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Category : Editorials


Growing Sub-Prime Population

In this 28 minute video Gordon T Long and Charles Hugh Smith discuss through the aid of 23 slides the growing sub-prime population in America. It is getting little attention as more and more citizens are effectively being squeezed into the category that was once termed 'sub-prime' but which is now simply the US Economy.

The biggest increases in credit are coming the areas least able to afford increased debt levels, who see themselves as having no other survival choice in modern day America..

  1. Students & Their Parents

  2. Increasing Number Of Car Buyers

  3. Retail Store Chains

24hGold - The Sub-Prime Econom...


Breadwinner Economy Failing

The little discussed truth is that fewer and fewer jobs today actually pay a "breadwinner's" salary. 48% of all new jobs being created in America now pay less than $24K/Annum GROSS. Even with both spouses working the numbers don't add up when rents are 1500/Mo, Day Care $1000/Mo and car payments for two cars to commute to fewer jobs are minimally over $500/Mo. Then there are 3 levels of taxes, fees, licenses etc and exploding food, gas, utility, health and education costs. It is any wonder America is now accelerating deeper into a sub-prime economy?

24hGold - The Sub-Prime Econom...


Shadow Banking

The problem during the 2008 crisis was sub-prime mortgages which sent shock waves through the Shadow Banking System. A system based on borrowing short and lending long. Today the Shadow Banking system is feeding off Student Loans, Car Loans and REITS. All are being securitized, repackaged and bundled through the Shadow Banking System. Like mortgages prior to the financial crisis, it was delinquencies which started to rise which imploded the system. This is a show which is soon coming once again returning to a theater near you!!

24hGold - The Sub-Prime Econom...


Video: The Sub-Prime Economy: Students, Car Buyers and Retail Stores


with Charles Hugh Smith & Gordon T Long
28 Minutes, 23 Slides

For more detail on how this distortion is being orchestrated and sustained, signup for your FREE copy of the GordonTLong.com THESIS PAPER: FINANCIAL REPRESSION

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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.
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