Are the Worlds Economic Powers Stable?:

Recently there has been no news covering any economic issues that face the U.S. and the world, so I decided to investigate the worlds economy. The truth is, is that most major economic powers are starting to fail, such as Germany of whom has an economic growth rate of 0.7%, which is 2.6% below the global average of 3.3%, while the worlds biggest economic power the U.S. has a growth rate of 2.2%, which is 1.1% below the global average. This means that while countries such as Papua New Guinea having growth rates of 5.4% prosper in new investors and better standards of living, economic powers such as France (0.3%), Germany (0.7%), U.S. (2.2%), Luxembourg (2.2%), South Korea (3%), Japan (1.6%), Russia (1.3%), Brazil (2.5%), Canada (2%), Mexico (1.1%), Argentina (2.9%), Cuba (2.7%), Spain (-1.2%), Portugal (-1.4%), Greece (-3.3%), UK (1.7%), Ireland (0.2%), and many more, will slowly economically collapse due to  debt, and due to reduced standards of living causing revolts. However when you add the amount of debt to GDP to these nations it becomes even scarier, for economic powers such as Japan have 226% debt to GDP, which is 126% above 100% which is usually the line before a nation defaults, this means that Japan is a ticking time bomb for collapse, for Greece has already defaulted and they are at 176% debt to GDP, therefore Japan could default at any moment and cause for billions of dollars in investments to be lost. However the scariest amount of debt to GDP rate thrown out there is the U.S.'s, the U.S. claims that their debt to GDP rate is 96.7% however it really is 149% for they do not calculate in Medicare, Social security and some other federal institutions. Therefore the U.S. has crossed that white line of debt in which most nations default, and instead of admitting to the American people about how much debt the U.S. is in they have covered it up. Overall most economic powers economies are sick and they are not getting better and most countries are trying to trick their own people into believing its fine when overall it is getting worse each day.







*Sources: http://www.tradingeconomics.com/germany/gdp-growth, http://www.imf.org/external/pubs/ft/weo/2015/update/02/, https://www.google.com/?gws_rd=ssl#q=Papua+new+guinea+economic+growth+rate, http://www.indexmundi.com/g/g.aspx?v=66&c=pp&l=en, http://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG/countries/CU?display=graph, http://www.tradingeconomics.com/japan/government-debt-to-gdp, http://www.usdebtclock.org/, http://www.nationaldebtclocks.org/debtclock/unitedstates, http://data.worldbank.org/indicator/GC.DOD.TOTL.GD.ZS