It’s extraordinary how much has changed in the last decade.
Ten years ago, the US national debt was $11.4 trillion. Ten years later the debt has nearly doubled to more than $22 trillion.
When expressed as a percentage of GDP, the US national debt has increased from 64% of GDP in 2009, to 105% today.
A decade ago the world was suffering through the worst financial crisis since the Great Depression; world economies were wrecked because central banks had printed too much money during the early 2000s, and kept interest rates far too low for far too long.
Yet over the past decade we’ve seen central banks print even more money, conjuring trillions of dollars out of thin air and holding interest rates down to the lowest levels ever seen in the history of the world.
Several advanced economies, including the euro-zone, Switzerland, Denmark, and Japan, now actually have NEGATIVE interest rates.
In the past ten years we’ve seen an alarming surge in the popularity of Socialism in the United States (and much of the world), and watched university campuses decline into re-education camps for Bolshevik group-think.
Wealth and success are now vilified, and politicians consider it a major victory when they chase a productive business out of town.
Over the past decade we’ve also experienced the rise to power of Social Justice Warriors– a group of vocal cry-bullies who demand the authority to dictate how the rest of us should think, speak, and behave, in order to not offend their extremely delicate sensibilities.
It has become so absurd that some organizations are starting to outlaw the use of gender-specific pronouns or even the custom of shaking hands.
Over the past ten years as more and more of our personal information has become archived online, we’ve seen an almost endless series of data breaches and spying scandals.
Yet inexplicably, few people seem to care. It’s as if privacy has completely disappeared from Western Civilization’s value system.
You get the idea: the world is radically different than it was even just ten years ago.
But because we spend our lives in a daily grind, slowly becoming accustomed to these changes, it’s hard to notice unless you step back and look at the big picture.