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10 Signs That The American People Are Starting To Freak Out About The Condition Of The Economy

All over America, restlessness and frustration are growing. It has now been almost three years since the great financial crash of 2008, and yet the U.S. economy is still a complete and total mess.  In fact, there are all sorts of signs that things are about to get even worse, and the American people are just about fed up.  Virtually every major poll, survey and measure of consumer confidence shows that the American people are becoming more pessimistic about the economy.  Millions of hard working Americans that worked their fingers to the bone for their employers and that did everything "right" are sitting at home on their couches tonight staring blankly at the television.  Many of them still have a hard time believing that they were laid off and that there is nobody out there that wants to give them a good job.  There are millions of other Americans that won't get much sleep tonight because they will spend much of the night rolling around in bed wondering how they are possibly going to be able to pay the mortgage.  We have never faced such an extended economic downturn in modern U.S. history, and a lot of people are starting to freak out about the condition of the economy.  As Gerald Celente likes to say: "When people lose everything and have nothing left to lose - they lose it."

Every single month, the number of good jobs continues to go down.  Wall Street actually rewards companies that have a good "outsourcing strategy".  As I have written about previously, a growing percentage of the jobs that are being "created" these days are very low paying jobs.  But you can't support a family, pay a mortgage or even afford decent health insurance on what you would make stocking shelves at Target or passing out buckets of chicken for KFC.

The American people keep waiting for "hope" and "change" to show up, but all they get instead are more helpings of "despair" and "frustration".

Sadly, most Americans still cling to the hope that if the "next election" will just turn out the right way that things will be okay.  But the truth is that things seem to stay on pretty much the same course no matter who we put into office.

For many years the status quo seemed to be okay for most people, but now we are starting to reap the results of the economic seeds that we have sown.

Now our economic decline is starting to accelerate and people are starting to panic.  Most Americans may not know why all of this is happening, but what many of them do know is that something in their gut is telling them that things have gone terribly, terribly wrong somehow.

The following are 10 signs that the American people are starting to freak out about the condition of the economy....

#1 Things have already gotten so bad that Americans will literally trample one another just to get on a waiting list for rental assistance vouchers.  Just check out the following excerpt from a local news report about a recent incident in Texas....

At least eight people were hurt Thursday morning while scrambling to line up for a limited number of Dallas County rental vouchers — after waiting for hours in their cars.

People lined up Thursday morning to apply for Dallas County Section 8 housing vouchers. Dallas County sheriff's spokesman Kim Leach estimated the crowd at about 5,000.

Video of this incident is posted below.  One of the people that was trampled was a pregnant woman....

#2 Almost every measurement of consumer confidence is going down.  For example, the Conference Board’s consumer confidence index fell from 61.7 in May to 58.5 in June.

#3 The Reuters/University of Michigan consumer sentiment index has fallen to 63.8 after being at 71.5 in June.  It is now the lowest that it has been since the last recession "ended".

#4 The Rasmussen Consumer Index is down 9 points from a month ago.

#5 A recent poll taken by Rasmussen found that 68 percent of Americans believe that we are actually in a recession right now.

#6 According to Gallup, the percentage of Americans that lack confidence in U.S. banks is now at an all-time high of 36%.

#7 In many areas of the United States this summer, just about anything that is not bolted down is being stolen by people that are desperate for money.

#8 According to one recent poll, 39 percent of Americans believe that the U.S. economy has now entered a "permanent decline".

#9 Another recent survey found that 48 percent of Americans believe that it is likely that another great Depression will begin within the next 12 months.

#10 According to a brand new Reuters/Ipsos poll, 63 percent of Americans believe that the nation is on the wrong track.  That figure is three percent higher than it was last month.

One of the only things preventing chaos from breaking out in the streets of our cities from coast to coast is government handouts.

Today, almost 20 percent of all personal income in the United States comes from benefits provided by the federal government.

You don't believe this?  Just check out what the New York Times recently had to say....

Close to $2 of every $10 that went into Americans’ wallets last year were payments like jobless benefits, food stamps, Social Security and disability, according to an analysis by Moody’s Analytics.

There are tens of millions of Americans that are living "on the edge", but at least the massive government handout programs are enabling most of them to survive.

So what happens when the checks from the government stop coming?

Look, I am not advocating that the "welfare society" that we have become is a good thing.  Today, Americans receive more in direct government benefits than they pay in taxes.  That is not even close to sustainable.

What I am pointing out is that tens of millions of Americans that are deeply suffering are currently being pacified by these government handouts.  Once the handouts are cut significantly or taken away completely it is going to unleash a lot of anger and frustration.

Of course what the American people really need are good jobs that will give them dignity and allow them to provide for their families, but millions of those keep getting shipped out of the country.

So the only thing that millions of Americans still have to hang on to are their government benefits.  Once that changes a whole lot of people are going to throw a fit.

In fact, we are already seeing some really bizarre behavior across the United States.  In many areas of the country we are literally watching society crumble right in front of our very eyes.

If you doubt this, just check out these two articles....

1) "Americans Gone Wild"

2) "18 Signs The Collapse Of Society Is Accelerating"

But not all Americans will resort to lawless behavior.  In fact, there are a lot of really good, hard working people out there that this economy has left behind.

There are some people that have put in decades of hard work only to see their dreams shrivel up over the past few years.

Some of the stories people send me are absolutely heartbreaking.  I have looked at each and every comment that has been left on The Economic Collapse over the past couple of years.  Needless to say, it has taken a huge investment of my time to go through more than 20,000 comments.  But in the process I have gotten a very good idea of what people are going through across the nation.

So how badly are people hurting?  Well, a reader identified as "Anna44" recently shared with us what some of her family members have been going through in this economy....

My B-I-L was a dealership owner/manager who worked long hours over 38 years and had to close his doors when Saturn was dissolved. When his dealership went under, 72 others lost their job. That’s 72 families who took a hit. He lost his home, everything. A few of his former employees lost their homes as well eventually. They were not lazy or WORTHLESS. It took him a year and a half to finally find something, but now he lives in a hotel unable to qualify for a house or apartment. This is an educated man who competed nationwide for top dog and got it more then once. His biggest fault? He’s almost 60, young enough to need the work, but too old to be hired.

As for my husband- 26 years AF officer, handling millions & billions on International & National levels has just entered his 7th month of unemployment. Two tours abroad- lazy he is NOT. He doesn’t qualify for unemployment, nor is he counted because he gets a retirement check. He wants and needs to work- yet there is little out there. If he doesn’t find something soon, we too will lose the home we sunk every cent into after 20 years of saving for it!

All across America tonight there are similar stories.  People have done everything "right" all of their lives and they are frustrated that now they have been pushed to the edge of poverty by this economy.

Unfortunately, it looks like things may soon get even worse.  Economist David Rosenberg recently told CNBC the following....

"We're just one small shock away from the economy going back into recession."

That is not what the American people want to hear.

What they want to hear is that things are about to get better.

What they want to hear is that things are going to get back to normal soon.

Sadly, that is just not going to be the case.

The economy is going to get worse and worse, and the frustration and the anger of the American people is just going to continue to grow.


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  • Nick

    There are some very outrageous comments on this topic, but the truth of the matter is that most of America fell for the non-sense they were being fed.
    For the past 25 years I’ve been telling people that the economy would collapse once the service side over took the production side, and we outsourced everything. All I ever heard was that I did not know what I was talking about.
    The problem is not CEO’s, but rather the person in the mirror. If you continue to elect the same politicians, stand by while judges take the law from the people, and the servant of the people is given immunity from the atrocities they typically committ we have no solid ground on which to stand in any scenario.
    What did you think would happen once you relinquished your sovereignty to the state and bought into the propaganda that what the government called regulation was for your protection? Government regulations are nothing more than prohibitions placed on the people so they cannot seek remedy and relief.
    If you want to learn what happened in America, study the law, and understand that this nation was not meant to be a democracy, but is in fact a Constitutional Federal Republic. If you understand these things then you will begin to realize that blasting the Constitution was part of the agenda to ensure that the working people would have no recouse. The ignorance would prevail, and all we would have left is to beg for a job, or the right to live unencumbered by the state. At that point anyone with the means to reach your representative could buy your subjugation.

  • Gary2

    in the last year there have been 19 national polls on how people think we should fix the deficit. The lowest was 53% and the highest and most recent was 81% which are the percentage of people who say to TAX THE RICH in order to ease the deficit.

    Let me be as plain as I can.

    The rich will be taxed hard either willingly or not, they will be taxed.

  • Gary2

    Just imagine how wonderful the country would be with out conservative/repubes holding the country back.

    It would be like a patient with a large tumor destroying their body and then a surgeon completely removing the cancerous growth. The body heals and is better than ever.

    Imagine the relief the person feels knowing they will live.

    One can dream happy thoughts…

    • Nanette

      Again, Gary2, you live through the looking glass. Everything you espouse is 180-degrees backwards . . . no wonder the country is in dire straits . . . too many like you . . .

  • Georgiaboy61

    Why does an economy exist – to serve people, or to be served by people? The uber-wealthy elites who have taken the commanding heights of the global economy believe that human beings are a commodity to be used up, like any other, as a cost of their relentless and never-ending drive for power and wealth. We get this system because we tolerate it. We meekly submit to having more and more of our liberties taken away, and a government (at least here in the USA) that increasingly resembles a criminal enterprise more than a political entity designed to serve its citizens. Vast areas of government, the courts and the law, have been hijacked, taken over by a criminal class unresponsive to those they serve. Of course, believing themselves to be above the law, the elites expempt themselves from the very same laws that they insist the rest of us follow. It’s how they keep us in line. One day, in the not-too-distant future, a tipping point will be reached when enough people see that we’ve become a nation of men, and not a nation of laws – and many citizens will simply begin disregarding the law, just as our elites do. What will happen then? One possible answer is that the eddifice of civil society will finally topple to the ground in ruins – and the USA will begin to resemble a third-world hell place like Somalia or if we are lucky, Bolivia.

    If we wish to remain free, we – meaning everyday citizens – must seize control of our institutions again, and make them work in a just, fair manner and not as the private piggy banks of the rich and powerful, or an assembly for passing politically-correct whims and debating unimportant minutia as our version of Rome burns.

  • RobertL.

    The citizens one last chance is to vote enmasse for Ron Paul. It really is that simple. Anybody have a better suggestion? I don’t think so!

    • Kelby

      He’s been endorsed by Reagan, the president that saved us after the last worst president ever, Carter. :)



    Nothing better to see on local news than poor blacks and white trash stampeding over each other like steers to market for some free housin’!

    This was done intentionally to embarrass these people so they could be caught on camera running each other over. And I am quite sure this will be more ammunition for reactionary rightwingers to further prove their case as to why “entitlements need to be cut”………..

  • Keith Gardner

    The problem:

    1. Fractional Reserve Banking (money issued as debt to benefit the usurer)

    2. National Debt (see #1)

    3. Taxation of labor and capital. Leads to outsourcing and offshoring.

    The Keynesian Solution:

    1. Stop bailing out banks. Use the public money to create real jobs to build infrastructure.

    2. Implement a sin tax on usury like the Robin Hood Tax.

    The Ideal Classical Liberal/Progressive Solution:

    1. End fractional reserve banking with something like the Zarlenga plan or scale it back to something like a 1:5 to 1:3 reserve ratio which Lincoln suggested. As reserve ratios are scaled back, the government should print debt-free Greenbacks to pay off the national debt and create public sector jobs in order to prevent the deflation that scaling back reserve ratios would cause.

    2. End income taxes, capital gains, and payroll taxes, which act as a negative trade tariff, sending jobs overseas.

    3. Use sales taxes, which act as a uniform trade tariff, taxing domestic and foreign production equally. They also tax consumption, making natural resources more affordable since excessive demand is reduced by the taxation. Make the sales tax progressive with a citizen dividend, like the Fair Tax, which is promoted by people like Thomas Paine and MLK.

    4. Use land value taxes or property taxes. These taxes encourage efficient use of land and makes land more affordable to citizens. Make these taxes progressive with a citizen dividend. Property taxes are supported by most all classical liberals, including people like Thomas Jefferson, and modern day conservatives like Milton Friedman and David Nolan. States like New Hampshire are funded strictly on property taxes.

    5. Implement progressive taxes on the monopolization of capital and usury. Small business should not be taxed. Large corporations should be taxed. Banks should also be taxed.

  • Grow up losers.

    All you losers crying about your min wage jobs are pathetic. It’s not my fault or the worlds that your a bunch of stupid scrubs that can’t get a real paying job. I made 73,000 last year and busted my a## to make it. There will always be winners and losers in this world and all you broke a## crybabies are losers face it.

    • ZombieDude

      Spoken like a true eleven year-old with a mental deficit.

  • Keith Gardner

    I’ve written an article as a response describing the problem and various feasible solutions which would help.

  • gaetano

    Well, It’s a shame to have to read the stories of all these people that are suffering. I am now 68,. I have had heart stents put in, and I developed cancer 3 years ago. I have 6 children. all are gone except for a 16 year old. I,at one time, owned 13 restaraunts. I made lots of money. I put my children thru school. I worked just like everyone else that wanted to get ahead and do better in our world of today. MY only bad habit was to spend all that I earned, knowing that someday everything would probaly come tumbleing down.I blame myself for my mistakes in life.What I won’t do ,is feel sorry for myself. I will keep going as long as the good Lord lets me.Sometimes I cry, when I am alone, thinking of what my children and grand children will have to endure in the future when I am gone.My advice to all those suffering is for you to keep fighting to stay alive and take care of the ones you love. Do your best, and by all means,have GOD in your heart. Now ,I know you will call me a religious freak,and that is your right. BUT, it won’t bother me what you think. I will now tell you what my biggest fight is at this time of my life.I will not blame those individuels who voted for Obama. I will only blame those that voted for this man without knowing or seeing that he was a fraud. There are those of you that still believe this fool.So the next time you vote ,think about what is happening in our country today and think about who is the present person in our government today,that is causeing this to happen. Don’t go back and blame other presidents for what is happening today. What more can We lose by trying someone else. MAY GOD BLESS ALL AMERICANS and I wish you well.

  • http://facebook debra perez

    I fell so bad for all the people that had faith in our Goverment.we all have been taken for fools.all I can say is that we better prepare for what is coming ,because we will all have to help each other.there are so many people that are not seeing what is family and I are saving food and gardening.I wiill have chickens and other animals soon.anyone who has awell will need a hand pump when the electric goes.good luck I pray that we will smart enough to take care of ourself and anyone that needs our help.I love you all.

  • Amy

    Migrating to africa

    Iam sorry to say this but your companies are moving to africa.kfc,monstanto,cargill and many others.the reason is because labour is cheap can employ a labourer for 100dollars a month. Globalization is the word. So guys,pack up and move to can leave on 300dollars per month.


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