Demographics, Debt, & Debasement: A Picture Of American Insolvency
Census Bureau, Treasury, EIA Detail American Insolvency
Since 2007, US births and net immigration have consistently and unexpectedly fallen sharply. Over the same span, US federal debt and unfunded liabilities have soared while federal tax receipts, as a percentage of the federal debt and unfunded liabilities, continue declining. Total US energy consumption also peaked in '07 and continues declining in contradiction to those soaring asset valuations.
Simply put, this article details an American insolvency and the ongoing attempt to print and inflate away this reality. America has shown it isn't afraid of (mis)using this digital printing press via collusion among the Federal Reserve, Treasury, and the Federal Government to disguise the simple truth that America is bankrupt and incapable of meeting its present and future obligations absent unlimited and unending monetization.
Demographic Development and Population Growth
According to the latest 2017 Census projection, the Census expects a near halving of population growth…or 50 million fewer Americans than it expected just 8 years earlier. But critically, nearly all the projected declines are among the under 45 year old population while the 65+ year old population growth is still on track to swell.
Given the record low birth rates in 2017 and 2018, which came in 700 thousand annually below the '08 Census projections, plus diminishing immigration, netting at least a half million annually below '08 Census projections, the 2020 Census is likely to significantly further downgrade the potential for US population growth. The impact for US economic growth, unfunded liabilities, and outgrowing personal, corporate, and federal debt is devastating.
What Happened?
From the mid 1990's to 2007, a surge in immigration (both legal and illegal) and a rise in births resulted in significantly larger child bearing population and broad assumptions that America could outgrow its unfunded liabilities and debt issues. It was assumed, given the predominately Latin American and Catholic source of the population growth, that immigration and births would continue to surge and the American population (and demand with it) could extend the American success story indefinitely. But then in '08, everything went off the tracks and has only continued to derail since, quashing hopes for avoiding an American crisis.
The Census details this story in their ongoing population projections. The chart below shows the Census '00, '08, '14, and '17 US population projections. In '00, the Census projected the total US population in 2050 would be 404 million persons. However, by '08, the projection swelled to 439 million, an astounding increase of 35 million?!? However, after the '08/'09 financial crisis and the subsequent 2010 Census, the projections were radically reduced. By 2014, the projection was reduced a further 6 million and as of the most recent 2017 projection, the population by 2050 was reduced by a further 9 million…to 389 million or 50 million fewer than just 9 years ago?!? And the green line in the chart is my best guestimate for the next Census projection…such has been the decline in births and immigration. That is a projected reduction of at least 50 million and more likely in excess of 60 million in just over a decade.
Graphic heavy
rest at link
https://www.zerohedge.com/news/2019-02-24/demographics-debt-debasement-picture-american-insolvency