You're right for the most part. exceptions (and faltering) would be Poland, Hungary, Russia, and a few others.

you're assuming gdp means productivity.

If there's no economic growth in an aging country, that requires everyone to accept a gradual decline in their standard of living, which is an extraordinarily unpopular idea. (I've talked to people who say they're OK with it, but in my experience, their idea has always been that we'll sacrifice the goods and services they don't personally care about to ensure the ones they do care about remain accessible and affordable.)

Once you start to know the current generation of olds - world wide - you realize that they are just as rotten as the politicians they have put in charge. The difference is just opportunity.

Respect of the elderly is strangling humanity right now, but the olds have always nourished themselves by sucking the life blood of the young. It just has never been as obvious before. It's a vicious cycle, because each generation gets the opportunity to manipulate and bind the younger generations.

Loyalty used to lie with your family, then with your nation. Right now loyalty lies with the generation, and that has catastrophic consequences.

i, in no way, implied it was an acronym which would require periods (in this enviroment) if we are being a pedantic as you. Simply a stylistic choice to cause it to read clearly and stand out.

Your comment is, in its entirety, meaningless and a net negative on our community with its intellectual dishonesty, and beyond that complete inability to interact with the content.

We are all dumber having read it, may god have mercy on your soul.

Fair question, we are more on a edge (which who can say when truly til after the fact) but what I see as someone who has privilged position and data into global trade, GDP mandates, and monetary policy and its effects on the private sector is this:

We are locked in a GDP fight globally between powers, triggering real world trade wars and hot wars based on a few hidden factors:

1) A far worse fertiltiy crisis than is publicly known (including timelines to its real effects being far closer)

2) An overabbundance of currency needing to find return in increasingly speculative arenas, an a levered debt system built that REQUIRES that return or risks catastrophic failure

3) A GDP fight globally where in the first to falter triggers a hot war

4) A collapse in social contract between workers and capital class, where in capital class have now publically stated they believe workers are no longer a neccesarry class (contradicting the real terms of point 1)

5) A set of economic rules that are being broken, sending us into the 'no playbook' zone of global stability

This is an ultra toxic mix that is showing up all at once.

> I mean, what makes you feel there is a crisis?

U.S. M2 money supply tripling in 15 years. US gov public debt more than tripling over the same period.

People from the middle class being unable to buy a house.

The money printer has been going brrrrrr since a very long time and everything got badly distorted.

My bet is that when the next financial crisis hits, we'll see helicopter Ben and hear the brrrrr again.

The crisis in one webpage:

https://www.usdebtclock.org/

P.S: that's not talking about a country like France, where the IMF shall have to intervene soon as public spendings are totally out of control and the public debt is running wild.

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"If Thieu meets the same fate as Diem, the word will go out to the nations of the world that it may be dangerous to be America's enemy, but to be America's friend is fatal"