ZeroHedge – One Last Look At The Real Economy Before It Implodes – Part 3 – 21 March 2015

ZeroHedgeSubmitted by Brandon Smith from Alt-Market, Click here for Part I and Part II.

One Last Look At The Real Economy Before It Implodes – Part 3

In the previous installments of this series, we discussed the hidden and often unspoken crisis brewing within the employment market, as well as in personal debt. The primary consequence being a collapse in overall consumer demand, something which we are at this very moment witnessing in the macro-picture of the fiscal situation around the world. Lack of real production and lack of sustainable employment options result in a lack of savings, an over-dependency on debt and welfare, the destruction of grass-roots entrepreneurship, a conflated and disingenuous representation of gross domestic product, and ultimately an economic system devoid of structural integrity — a hollow shell of a system, vulnerable to even the slightest shocks.

Read the full story at: www.zerohedge.com / link to original article

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