The GDP of the USA was shrinking at a 0.7 percent annual rate in the first quarter of 2015.
The U.S. economy contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls, a resurgent dollar and disruptions at West Coast ports, but activity already has rebounded modestly.
The government on Friday slashed its gross domestic product estimate to show GDP shrinking at a 0.7 percent annual rate instead of the 0.2 percent growth pace it estimated last month.
A larger trade deficit and a smaller accumulation of inventories by businesses than previously thought accounted for much of the downward revision. There was also a modest downward revision to consumer spending.
The US economy is hit by deflation for the first time since the finical crisis in 2009. This increase the risk of a double dip, and possible a complete crash of the economy.
There are three main behind the present deflation:
The american workforce is shrinking. The robots take over the jobs. There is less money and purchasing power among the consumers.
The US consumers are less confident in the American economy.
Larger parts of the US capital has been shifted off-shore. The industrial production has been moved to communist China.
The USA can no longer secure new markets, by military expansions. We are witnessing the end of Pax Americana.
The weakening of the USA economy will bring an end to the Americans playing the infallible global sheriff. The world is no longer governed by a single super power. But will quickly fall into turbulence and chaos.
Peace I leave with you; my peace I give you. I do not give to you as the world gives. Do not let your hearts be troubled and do not be afraid.
Jesus the Messiah promised us global distress just before his second coming. Even people in the civilized world will panic. Inside the distress of the days ahed, only the true believers in the Messiah will experience peace. They have found peace with God, the only true peace there is.
Surrender to His lordship today. And be a part of the only true global peace movement there is.
Written by Ivar