How American Economy Has Been Destroyed, Million Souls At A Time

American economy, American real estate, so called "American dream" and the lives of most Americans have been and are being destroyed million souls at a time.

This is happening since the 2008 crisis and worse is yet to come.

Bridges in America are falling, boats are capsizing, mass shootings are rising rapidly, hurricanes are worst ever, climate change impact from Louisiana to Puerto Rico to Carolinas now is hurting the economy even further.

Hawaii has a volcano spewing and Yellowstone National Park could get hit by a bigger volcano.
Earthquakes are global but also more in America due to holes being dug for shale oil, water and all sorts of things causing disruption to inner core of Earth.

Aside from natural calamities, economy is unable to move much forward as closures of over 50,000-60,000 stores over the last decade can attest.

Banks are laying off as are many factories and farmers are hurting due to tariffs which is also hurting America.

Over 4 million Americans lost their homes (and their jobs) and got into bankruptcy in 2008-2009.

Now student debt, credit card debt and personal debt is at it's highest ever.

Over 1 million students are going bankrupt across America every year.

More than 1 million people default on their student loans each year

3 Shocking Facts About Credit Card Debt in America

Trump is destroying the backbone of America which is the farmer belt. Hundreds of thousands of farmers are regressing into poverty not seen in over half a century by American farmers.

American Farmers Are in Crisis

Over 1.5 trillion dollars are required to fix the infrastructure in America that is impossible to fund because Trump has played so irresponsibly with tariffs that entire world has reduced buying goods and services from the US leading to the world's highest ever deficit at a time when America need to sell goods in order to generate higher profits.

America's infrastructure is falling apart — here's a look at how bad things have gotten

Trump had proposed a plan back in Feb 2018, however, until now, they have no clue where they will get the money from?

Trump proposes $1 trillion plan to fix U.S. infrastructure; who will pay?

America was supposed to hit a trillion dollar deficit by 2020, however, due to declining American exports, thanks to Trump, America will hit a trillion dollar deficit in 2018 itself which is a major cause of concern. Trump was supposed to move America in the opposite direction.

Deficit expected to hit one trillion dollars two years earlier than expected

Meanwhile, millions who own a house are severely underwater across a few places in America and have no hopes for a rise while many cities are seeing declines.

Read more below:

Millions of Americans still trapped in debt-logged homes ten years after crisis

One of the biggest reasons bulk of America is in significant decline over the last few years is because of the bailouts of the crony billionaire buddies in 2008 at a cost of millions of jobs of the poor and middle class population.

Income inequality has never been worse and one just needs to google about the profits and income of Jeff Bezos (CEO of Amazon) as compared to the hundreds of thousands of Amazon employees as just one example. Wal Mart is same as well.

These are amongst the world's largest employers who are not paying their employees a decent living wage yet make billions of dollars for their billionaire owners squeezing every penny from the poorest of employees.

Corporate kleptocracy is at it's best display in America as on date while a billionaire himself rules the dying empire.

Socialisation of banking losses has had a dramatic impact on the economy and money was siphoned off to the billionaires with the remainder population getting hurt in a manner they could not even anticipate - their self esteem, their health (both physical and mental) and loss of their jobs which they will not be able to find again easily.

The Bailouts For The Rich Are Why America Is So Screwed Right Now