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12 Ways The Economy Is Already In Worse Shape Than It Was During The Depths Of The Last Recession

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Twelve - Public DomainDid you know that the percentage of children in the United States that are living in poverty is actually significantly higher than it was back in 2008?  When I write about an “economic collapse”, most people think of a collapse of the financial markets.  And without a doubt, one is coming very shortly, but let us not neglect the long-term economic collapse that is already happening all around us.  In this article, I am going to share with you a bunch of charts and statistics that show that economic conditions are already substantially worse than they were during the last financial crisis in a whole bunch of different ways.  Unfortunately, in our 48 hour news cycle world, a slow and steady decline does not produce many “sexy headlines”.  Those of us that are news junkies (myself included) are always looking for things that will shock us.  But if you stand back and take a broader view of things, what has been happening to the U.S. economy truly is quite shocking.  The following are 12 ways that the U.S. economy is already in worse shape than it was during the depths of the last recession…

#1 Back in 2008, 18 percent of all Americans kids were living in poverty.  This week, we learned that number has now risen to 22 percent

There are nearly three million more children living in poverty today than during the recession, shocking new figures have revealed.

Nearly a quarter of youngsters in the US (22 percent) or around 16.1 million individuals, were classed as living below the poverty line in 2013.

This has soared from just 18 percent in 2008 – during the height of the economic crisis, the Casey Foundation’s 2015 Kids Count Data Book reported.

#2 In early 2008, the homeownership rate in the U.S. was hovering around 68 percent.  Today, it has plunged below 64 percent.  Incredibly, it has not been this low in more than 20 years.  Just look at this chart – the homeownership rate has continued to plummet throughout Obama’s “economic recovery”…

Homeownership Rate 2015

#3 While Barack Obama has been in the White House, government dependence has skyrocketed to levels that we have never seen before.  In 2008, the federal government was spending about 37 billion dollars a year on the federal food stamp program.  Today, that number is above 74 billion dollars.  If the economy truly is “recovering”, why is government dependence so much higher than it was during the last recession?

#4 On the chart below, you can see that the U.S. national debt was sitting at about 9 trillion dollars when we entered the last recession.  Since that time, the debt of the federal government has doubled.  We are on the exact same path that Greece has gone down, and what you are looking at below is a recipe for national economic suicide…

Presentation National Debt

#5 During Obama’s “recovery”, real median household income has actually gone down quite a bit.  Just prior to the last recession, it was above $54,000 per year, but now it has dropped to about $52,000 per year…

Median Household Income

#6 Even though our incomes are stagnating, the cost of living just continues to rise steadily.  This is especially true of basic things that we all purchase such as food.  As I wrote about earlier this year, the price of ground beef in the United States has doubled since the last recession.

#7 In a healthy economy, lots of new businesses are opening and not that many are being forced to shut down.  But for each of the past six years, more businesses have closed in the United States than have opened.  Prior to 2008, this had never happened before in all of U.S. history.

#8 Barack Obama is constantly telling us about how unemployment is “going down”, but the truth is that the  percentage of working age Americans that are either working or considered to be looking for work has steadily declined since the end of the last recession…

Presentation Labor Force Participation Rate

#9 Some have suggested that the decline in the labor force participation rate is due to large numbers of older people retiring.  But the reality of the matter is that we have seen a spike in the inactivity rate for Americans in their prime working years.  As you can see below, the percentage of males between the ages of 25 and 54 that aren’t working and that aren’t looking for work has surged to record highs since the end of the last recession…

Presentation Inactivity Rate

#10 A big reason why we don’t have enough jobs for everyone is the fact that millions upon millions of good paying jobs have been shipped overseas.  At the end of Barack Obama’s first year in office, our yearly trade deficit with China was 226 billion dollars.  Last year, it was more than 343 billion dollars.

#11 Thanks to all of these factors, the middle class in America is dying.  In 2008, 53 percent of all Americans considered themselves to be “middle class”.  But by 2014, only 44 percent of all Americans still considered themselves to be “middle class”.

When you take a look at our young people, the numbers become even more pronounced.  In 2008, 25 percent of all Americans in the 18 to 29-year-old age bracket considered themselves to be “lower class”.  But in 2014, an astounding 49 percent of all Americans in that age range considered themselves to be “lower class”.

#12 This is something that I have covered before, but it bears repeating.  The velocity of money is a very important indicator of the health of an economy.  When an economy is functioning smoothly, people generally feel quite good about things and money flows freely through the system.  I buy something from you, then you take that money and buy something from someone else, etc.  But when an economy is in trouble, the velocity of money tends to go down.  As you can see on the chart below, a drop in the velocity of money has been associated with every single recession since 1960.  So why has the velocity of money continued to plummet since the end of the last recession?…

Velocity Of Money M2

If you are waiting for an “economic collapse” to happen, you can stop waiting.

One is unfolding right now before our very eyes.

But what most people really mean when they ask about these things is that they are wondering when the next great financial crisis will happen.  And as I discussed yesterday, things are lining up in textbook fashion for one to happen in our very near future.

Once the next great financial crisis does strike, all of the numbers that I just discussed above are going to get a whole lot worse.

So as bad as things are now, the truth is that this is just the beginning of the pain.

  • JailBanksters

    Shouldn’t this be….
    Okay, here’s tonights top ten list

    The top ten Ways The Economy Is Already In Worse Shape

    Never did like letterman and these stupid top ten lists

    • MichaelfromTheEconomicCollapse

      But in our entertainment-addicted society, lists get the attention of the “sheeple” much more than a dry economic treatise on Keynesian economics would.

      • Bill

        Speaking of dry, please give me your thoughts on the BDI.
        IMO something about its recent rise doesn’t make sense.

        • Infidel51

          I agree with Bill that’s an anomaly especially when you consider that Transports are still tanked. If the BDI is truly up don’t those require shipping?

        • Mike Smithy

          I suspect that shippers have “moth balled” a considerable number of freighters. As a result, the ships that are still commissioned have picked up the residual slack.

      • JailBanksters

        I’d only add, it’s Comedy like Jon Stewart where you take take the P*ss out of somebody and then laugh as the message gets through. But at the Polling Booth, people vote them back again either expecting different results or at least Jon Stewart makes them laugh when he does a number on them.

        • Frijebai

          If you want laughs I would suggest watching Redacted Tonight on YouTube.

      • RageHard84

        That is sadly true. Many people lack the interest for an in-depth explanation of economic theory. Some people may have trouble finding the time if they need to work multiple jobs to make ends meet as well.

  • Guest

    There’s another issue that will come into play in just a couple of months that very few people are aware of. That issue is the federal statutory debt limit. There is currently a debt limit impasse. Back in March of this year the U.S. Treasury began taking “extraordinary measures” in order to avoid breaching the statutory limit. The total federal debt has been “frozen” at around $18.152 trillion since March 16th, 2015. However, those “extraordinary measures” will be exhausted some time this Fall, and the debt limit will have to be raised to prevent the federal government from defaulting on its obligations.

    It will be interesting to see how this plays out in a couple of months, especially if we’re in the midst of another financial crisis.

    • Infidel51

      They will raise the debt limit just like they always do and I imagine this time no one will even bother with the token arguments against. For one thing it isn’t an election year.

      • Rick

        Should be about time to march on Washington for Washington.

    • Barry Goldwater

      Our elected politicians will do as they have always done. In the end they will raise the limit again. The Republican controlled Congress will not dare go into an election year with a Government shutdown and take the heat for it. So this can gets kicked into the next administration which will continue with business as usual. The public cries ” we want more stuff ” and they will oblige in simple fashion.

      • Frijebai

        Unless Obama declares Martial Law and “postpones” the elections.

      • Gay Veteran


        • wnddll

          Yep, just different sides of the same coin.

    • piratemarshal

      Must be great to have a big credit card that you can just lift the limit on whenever you feel like it.

      What the hell is even the point of the “debt ceiling” if the ceiling is allowed to get higher? They might as well just get rid of it, its patently ridiculous to think it actually does anything. Just a big show for the idiots to watch, meanwhile Big Banking is raiding your coffers and destroying your life one penny at a time.

      • Diane

        yesterdays “4 imminent deflation signs”
        todays “12 signs”
        IF this was gonna collapse it already would have.
        Yeah, Michale you say collaps is happpening in front of our eyes.Well, not for “reset” purposes. This crap can go on forever.

        • Gay Veteran

          well, if by going on “forever” then I agree, but conditions will slowly (sometimes rapidly) get worse and worse. and no, there will be no Mad Max world

      • You’re an idiot.

  • K

    If you think 22% of kids living in poverty is bad. My neck of the woods it is closer to 33%. The demand during the summer feeding program for kids, goes up every year. The distribution of heavy coats before each Winter to the kids, goes up every year. One thing I know, when a kid will stand in line for up to 2 hours for a coat. They really need that coat.

    • CRAT

      Could I ask, where is your neck of the woods? I live in central GA, and see much poverty.

      • K

        N.E. TN I imagine we see, some very similar problems. Except for Winter, that is a little worse, especially in the mountain areas.

        • Rick

          Try MN

    • not me

      And yet, Every woman you see is pregnant or lugging 1 to 5 along?

      • df NJ

        People making livable wages do not have children.

  • Robert

    I do not see any long term, useful strategies for people who are mired in debt. Even if you have a supply of food so what? It runs out. Then what? Those who bought gold are seeing a real disaster unfold in front of them. Losses of hundreds of dollars an ounce. Talk about a disaster. Calling people “sheeple” does not help a thing. Most people have no control over their futures even if they are economically astute. In 50 years plus of voting my vote has never counted evidently because the pols did whatever they wanted. Perhaps this will come down but I refuse to be blamed.

    • Rick

      Just curious, what have you invested in? And is it tangible like gold? If it’s paper, or electronic, you are hosed my friend. People who are serious about what’s around the corner fully expect hundreds of dollar swings in PMs. But there are just a few tangible investments of value to be made these days. The best one is yourself. Don’t ever forget that!

      • Robert

        I have not criticized anyone investing in PMs. I have some as well as properties and some of the usual things. The biggest investment is debtlessness and keeping my wants well below my capability to have. Inducing people to panic and cash out for only one investment is unwise at best. No one knows how this will play out despite charts, prophecies, guesses and economic theories. You do the best you can for your own situation. Michael absolutely worse cases everything which is ok. He has a great blog. But other good people see things a bit differently. Gloom and doom sells. I am not optimistic about the nation and it’s economy and if it collapses you can have a room full of gold and it will not help you. The government or someone will take it from you. There just is no sound strategy to avoid or mitigate the level of disaster Michael posits.

        • Rick

          Ok, I agree with you. No debt is you best investment. It makes you your own boss. But then what? If not PMs for a time, what? What could be better at these prices? I’m not trying to be funny or clever, I want to know. What do smart people invest in during end times? Thanks

          • Genada

            You know what’s funny, you have a great point at what to invest in at end times and people keep saying have no debt.

            If things are really going to go out of control and it’s all going to crash down. You really, really believe that, then going into massive debt to buy real items makes great sense.

            In a full on melt down, the entire system crashing, no one will be collecting debts. As a matter of fact a massive amount of debts will be being written off, that means those with no debts are the ones that lose.

          • Rick

            Genada, I’ve kicked that idea around as well. But for me, being old school, and trying to follow Christ’s example, that would make me as bad as the people who are leading us into this mess. But hey, I think you might be right about that. A reset is coming, we just don’t know what it will look like at the street level. Guess we’ll have to keep an eye on Greede for that.

          • Alwaystomorrow

            As things slowly go downward, don’t fool yourself into thinking thar creditors will not want to be paid. Quite the opposite.

          • gfmucci

            Good luck on your timing of that big shopping spree and splurge.

          • Gay Veteran

            invest in stuff you use but could barter with.
            sugar, booze, tobacco, etc.

        • Frijebai

          Pay your debt. If you owe money now and don’t pay it before inflation sky rockets you may never be able to pay it off. This sucks if you want to invest in PM’s and are also in debt like the average university student is.

        • Alwaystomorrow

          Very well said and exactly how I feel.

        • gfmucci

          I agree that we have little control. I agree that we must diversify our defensive measures because different assets will be valuable in different phases of any collapse or downward spiral of our economy and standard of living.

          For example, I think silver will be helpful in two stages: 1) in the first week of the dollar’s collapse and 2) several months or years later when a PM-based monetary system is re-established. In-between 1) and 2) there will be shortages of every essential: food, toilet paper, and everything else you can imagine. Bartering will be more valuable than gold and silver.

          Utilitarian commodities will be of the greatest value, as long as they have a long shelf life.

          • AZFan

            What you say is spot on, guns and ammo will be really valuable, you think ammo would be more valuable to barter with than silver but who knows. Iv held stock in rgr, check this out its been good to me. I have pms too. What are some of the investments you think are good long term? I like oil and food companies amd also having plenty of food stored if it gets really bad.

          • Barrett

            How valuable will your gun be in the hands of a government agent, as he walks back down your driveway toward his gun disposal truck?

          • Dan Aldrich

            Do you realize how many guns, registered and unregistered there are in the United States? MILLIONS. When the SHTF, the government will be so busy with the chaos, that gun confiscation will be one of the last things on their mind.Besides, who’s going to protect you from someone stealing your stuff? The cops? They can’t be everywhere at once. Do some research on countries that have taken away guns from their citizens. You will be amazed to see what happened to those people.

          • Gay Veteran

            bartering is great idea! don’t forget sugar, booze, tobacco

          • algol2000

            Once the collapse happens and chaos ensues, everything valuable to man will be priced in gold and silver.

        • harshmellow

          “There just is no sound strategy to avoid or mitigate the level of disaster Michael posits.”

          Yes, I have been attempting to “prep” and feel discouraged, in a doomsday scenario your home is going to get invaded sooner rather than later so what’s the point of hoarding supplies? Also, having a bug out location is not realistic for most people, and even so you would be targeted in the same manner eventually. I feel resigned to preparing for a week of survival in case of a large earthquake on the west coast of Canada, beyond that what’s the point?

        • Gay Veteran

          “… I am not optimistic about the nation and it’s economy and if it collapses you can have a room full of gold and it will not help you….”

          doubtful there will be a total collapse, just incredible misery like Argentina

    • nekksys

      Hey, Robert…

      Learning basic agriculture skills is more useful than hoarding gold or jewels. When the global economy falls down and we are left with only household economies, a full belly is more important than trade items.

    • Q

      The fall of gold prices are only temporary and due to major market manipulations that won´t be possible soon.

    • Raymond Chow

      I bought gold when it was $300 to $400 per ounce but I’m holding on to them even when they go back to $20 per ounce. Why do you think I’m seeing real disaster unfold and losses of hundreds of dollars per ounce is affecting me? I’m not selling my gold. Is it because you’re selling your gold holding or your gold holding is in paper?

    • Gay Veteran

      every single market is being manipulated, especially PMs

    • Damned right on except on that gold cry.

  • welfare generation

    if welfare was an occupation it would be 3rd fastest growing job,behind government and more government.progressives are hell bent on making sure every single American qualifies for ebt that way you don’t ever bite the hand that feeds you

    • old fart

      The main business of America is Welfare and Warfare, everything else was given away with NAFTA and revoking the Glass_Segall act that limited to what the banks could finance


        An excellent summary!

  • jhowell882

    Micheal as you have said before nothing has changed from 2008.. guess what..”their back!”

    it’s only a matter of time


  • old fart

    One reason we have more poor Children in the USA is they have and still are pouring over our borders by the thousands and becoming dependents of the States and welfare programs not to mention Schools and diseases they are bringing with them

    • Q

      No, the “children” on welfare aren´t poor unless they haven´t learned to milk the system yet!

    • TtT Engine

      Ted Cruz discovered OB released 100,000 high level criminal illegal aliens into our society. God Rest the soul of Kate Steinle. The left {Spineless Repubs and Red Devil Demons} have brought this upon us knowingly and willingly. Their hands are covered in blood just like “Planned Parenthood/Planned Auschwitz”. God Spare us ! Christi Fidelis !

      • Gay Veteran

        “progressives” = “conservatives”

  • Alwaystomorrow

    The Economic Collapse Blog Has Issued A RED ALERT For The Last Six Months Of 2015

    Published 6/25/2015
    164 days until 12/31/2015.

    For fun, lets do a count down every day until the end of 2015 and see just what happens.

    • Avner

      *yawn* SSDD

  • GetReal4U2

    the government is only funded through September…time is very short…

  • barry oldwater

    You have bad data or refuse to see that the results of your data come from other programs to take people off of unemployment that do not include jobs. Government programs are used to raise people out of poverty. Higher minimum wages only creates inflation. Retail construction is down and in Oklahoma the unemployment rate is creeping up as retail stores close, this will be a nation wide trend. You sound like a government troll, I am thinking you are one. Solar panel prices dropped because of cheap chinese manufacturing flooded the market , see solendra, many analysts years ago predicted as wages increased in china jobs would come back to america, how will that work out if our wages increase?

  • Frijebai

    Adding on to #10 Automation = People are more productive and make the same amount of money; Machines/computers are doing the work people use to do. Look at Tesla motors as an example.

    • Nemnor

      From the Capitalist point of view, companies like Tesla Motors are seen as “progressive”.

      In reality, however, more and more companies like Tesla Motors is a symptom of the DECAYED and decaying Capitalist economic system.

      The root of the problem is that Capitalism is now at a stage of general over-production. Over-production makes it harder and harder for the Capitalists to sell their products (even for a “low” price.) Hence, the Capitalist are even more viciously seeking to “cut cost” of production in the hope of keeping profits up. Hence, you will see more and more $multi-million companies (like Tesla Motors) being created only to employ just about 100 or 50 or even 10 people, while the REAL unemploymenrt rate continues to go UP.


    548 Days of Transformation Left. Lots of Mischief Ahead!

    • Avner

      A minimum of 548 days left. You think someone so lawless is suddenly going to follow a law and leave?


        Let us be optimistic…


    Until Obama leaves the WH and we have someone who can turn this country around in place, I am hedging my bets.

  • Frijebai

    Americans aren’t making solar panels Chinese are. Americans aren’t making batteries Chinese are. What makes you think “analysts believe companies will onshore jobs back to the
    U.S from China.”
    Why do your posts look like they are copy and paste?
    I just saw a video of two young Chinese men who work red hot steal in conditions no American would even think about.

    • M.Smith

      About 15 years ago a lot of US aerospace companies (the Tier 1 and Tier 2 suppliers) moved a huge chunk of their manufacturing base off shore to places like Mexico and the west Asian rim nations. They did this with a lot of fanfare, and press releases, chasing the pennies on the dollar labor rates.
      Well, as the old saying goes, you get what you pay for. In the last 5 years or so many of those machining jobs have quietly been brought back into the US. Sure, 15 cents an hour labor rate looks great on a bean counter spreadsheet, but when your lot fail rate is above 75% for years on end, and half of the 25% of parts you do manage to ship out require rework at the next user… well, those costs start to add up awfully fast. About the only place that is muddling along are the facilities in northern Mexico, just on the other side of the border.
      But even there, the law of unintended consequences has struck. Now the Mexican machinists/operators have a slew of companies they can work for, and the demand for their skills is so high that wages at these facilities is fast approaching the point that it offsets the whole reason for leaving America in the first place.
      Obviously this is a small amount of the manufacturing jobs that have vanished since NAFTA and other agreements have been signed, but it has been interesting watching this play out.

      • Frijebai

        Yeah they have and are opening more car manufacturing plants in North Mexico (Coahuila). On the other hand (probably because comodities are crashing) also fired 3000 people from a steel refinary plant. I guess they have to keep those wages low somehow.

  • mister_roboto

    I’ve long thought that the Obama recovery was a bunch of hype, but I have a bridge in New York City I would like to sell to anyone who thinks a Republican president would have done that much better. We’re simply running headfirst into the fact that you can’t have infinite growth on a finite planet. I know such talk is pretty much blasphemy around here, but that doesn’t make it any less true. (I think it also bears pointing out that the trend-line in the graph for the national debt has remained consistent with the way it has been since 2001. It’s still quite a rise, but whatever blame is cast for that really shouldn’t be partisan in nature.)

    • df NJ

      The “finite planet” sentiment is absolutely not true. Our problems do not come from overpopulation, lack of space, or lack of resources. You need to study the fractional reserve banking system to understand why workers have no money to pursue happiness. Study the panic of 1920.

      The people in power want poverty to reduce population. Poverty kills about a million people per year in this country. The new world order controls our government.

      • Gay Veteran

        “…Our problems do not come from overpopulation, lack of space, or lack of resources…..”

        are you high? when there is more supply of labor then wages go down.
        and more and more of the planet is having water shortages

        • Frijebai

          New technology and better resource managment will allow our planet to sustain a growing population. Overpopulation has always been a fear throughout history.

          • Gay Veteran


            one of the biggest problems with an increasing population is the amount of environmental degradation we have done to the planet (and I am NOT talking about global warming)

      • Nemnor

        df NJ, one of the main “essence” of Capitalism (“free market” or not) is continuous expansion (accumulation).

        The planets resource and market IS indeed virtually and practically finite (at any given time). The MAIN reason the current world-wide Capitalist system is NOT able to generate long-term recovery is because it has reached a (critical) stage of general over-production, in a World with a virtually and practically LIMITED market.

    • Nemnor

      mister_roboto, to put your statement about “infinite growth on a finite planet” in another way, would be as follows (and you may or may not agree)…

      In other words, what you are really saying is what I have been saying in this blog (more or less). Which is… the world-wide Capitalist economic system (“free market” or not) was ALWAYS ‘destined’ to become decadent, as it was bound to reach a stage of over-production in a World with practically and virtually LIMITED market and LIMITED resource.

  • Bubba Johnson

    Never thought I would see Americans embrace such a large and growing Federal Government. I hate to admit it but conservatives lost the fight. Live Free or Die

    • df NJ

      The federal government is powerless. Corporations run the government. The Federal Reserve is a corporation. What Americans embrace means nothing. Americans have no choice. The Constitution is over.

  • Stop Republican Obstruction

    The right needs to do a much better job of working with Obama.
    Republican obstruction hindered the economic recovery. Fortunately the
    Affordable Care Act passed. Also several states have raised the minimum wage. Thus, the economic recovery is now in full swing.

    The benefits of higher wages include improved employee
    morale, increased productivity, less turnover, and better product quality. What frustrates me about the Republicans is they just see the initial upfront costs.

    They underestimate the importance of treating employees with respect and dignity.

    These LEAN initiatives perpetrated by callous corporate
    management make me want to take Dramamine.

    • Gay Veteran

      “…Affordable Care Act passed….”

      more victims for the insurance korporations

    • Nemnor

      ‘Stop Republican Obstruction’, what you are probably not aware of is – what is really “compeling” corporate bosses to be so “callous” (as you put it).

      The “requirements” of decadent Capitalism, faced with an on-going crisis of over-production, is the main thing “forcing” corporate bosses to be “cold and calculating”.

      Over-production makes it harder and harder for businesses to make profits. Hence, bosses look to “cut cost” (be “lean”) by reducing the “cost of labor” (i.e. the Work force) as much as they can get away with it.

      This will be a never-ending problem, and the situation for Workers everywhere will get worse and worse, as the crisis of over-production can NOT be solved within Capitalism by economic means alone.

      The REAL solution begins with dismantling Capitalism. Unfortunately, it is more likely that the World will wait for millions (even billions) of people to perish, before we are ready for such a fundamental change away from Capitalism.

      • GSOB

        Bernie is your man. He’s a socialist also.

  • Jamee Barry

    1. China/Russia/India stockpiling gold & silver. Same with investment banks.
    2. BRICS bank open for business
    3. China dumping paper assets from FED and US at unprecedented rate.
    4. China yuan being considered to be included in basket of world reserve currency
    5. Petrodollar is nearing the end of it’s life.
    6. United States refuses to allow other countries to repatriate there gold and absolutely will not let our gold vaults be audited or even viewed (meaning there is little to none left)
    7. Massive military movement and exercises around the world, specifically in the US. Peparing for civil unrest do to an economic collapse of the western world?
    8. Massively overvalued stock market that is LONG overdue for a reset.
    9. Precious metals obviously manipulated for massive shorts.
    10. Roughly 14 countries in the EU are on the verge of economic collapse. This will cause a break up the EU in the not-too-distant future.
    11. China’s stock market plunge has been orchestrated to set levels to normalcy BEFORE THE WORLD SWITCHES TO THE YUAN AS THE WORLD RESERVE CURRENCY with all that gold backing the newly formed BRICS bank and it’s economy.
    The smart money is exiting the markets. Many will be left with no chairs to sit in. As always the losers are the citizens of these countries whose leaders’ inexcusabley bad decisions will bring the entire system down. This collapse has been meticulously planned and is being executed right now. There is no more road left and the can was sold to China long ago…

    • Frijebai

      Preach brother preach!

  • Speller

    Okay say the financial crisis happens this September, and the markets crash. Can’t the Fed just pump more money into the system like they did before?

    • df NJ

      Yes, with computers they never run out of ink.

  • nohomehere

    Pretty soon your going to see america like in that movie with gary senise about mars having been inhabited by martians at one time ,where a comet or large meteorit hit the planet and destroyed the atmosphere and when they showed that seen of the computer 3 dimentional illustration of the past how all the martians got in spaceships and made a mass exodus from the dying planet! All thoses martians flying off the planet was quite preternatural ! American lookin for a better future, but in the book of AMos you will see it is a castigo!

  • Richard O. Mann

    When you look at this, and then look at what is happening in other parts of the world, you see that this world is on the edge. Once it goes over, things will never again be as they are now. Thing about being a student of Bible prophecy. You see all things happening just as the Bible has said that it would. With things in the Middle East getting hotter by the day, I see no good future for this earth. Sadly, it is hard to get people to listen to you when you try to warn them that things are about to get really bad, really fast. They tend to give you that “deer in the headlight” look, and then go on about what ever they were doing. Oh well. You can lead a horse to water…..

    • df NJ

      During the early 70s I had the same feelings I have now. I was just amazed we actually survived the 70s as a species. This time, it feels a little worse. But we may survive.

  • frank1569

    As others have said, there is absolutely nothing the vast majority of us can do to ‘prepare’ for a global financial meltdown. So instead of worrying about what’s coming, enjoy everyday until ya can’t anymore.

    • df NJ

      Many times when there’s a major crisis people come together to help each other. My hope is if a major collapse comes people will band together to help each other. I’m still hoping new technology breakthroughs will come along and inspire the World to a new economy.

  • Stop Republican Obstruction

    I am amazed so many people follow this blog. The United States is a country that embraces individual liberties. Also, manufacturing jobs are starting to come back to the United States. This blog has a radical right wing slant to it.

    • Leebo Venable


    • df NJ

      Everyone thinks their own opinions are facts. Everyone thinks their own dogma is the only one true dogma. Radical would accepting other people’s dogmas as equal to your own. I guarantee you nothing radical is happening here.

      • Nemnor

        df NJ, please speak for yourself. I for one, do NOT think my own opinion is a fact. If I have an opinion, I would say it is an opinion. And if I state something I believe (or know) to be a fact, than it is my duty to give reasons behind my statement of a “fact” – from a position of honesty and open-mindedness.

        Likewise, if someone believe in a “dogma” (say, like “Christianity”), the onus is on them to state the reasons they believe what they are saying is indeed a “fact”, from a position of honesty and open-mindedness. Otherwise, they should make it clear that they are only stating their opinion.

        • GSOB

          Those who would establish any other way to heaven than what the gospel of Christ reveals, will find themselves wretchedly mistaken.

    • harshmellow

      Gary, is that you?

      • greyprepper

        I miss Gary2. He’d smoke this troll lol.

    • Gay Veteran

      The United States is a country where the government spies on EVERYBODY

  • Antonio Ossa


  • DJohn1

    There are two kinds of problem.
    One problem is the policies put forth by government to keep going. Kick the can down the road for as long as that is possible. It works. At least it worked in the past.
    The second problem is no one appears to know what makes the whole thing work in the first place.
    You mentioned Real Estate being down. Well, what causes Real Estate Sales to be down? How does that effect banks and taxes?
    You mentioned jobs going overseas. Besides the unemployed how does that effect the country as a whole?
    What everyone in charge appears to be missing is the compound results of the common person not having a decent job with decent wages.
    Taxes are generally paid by the working people of this country, not the corporations, not the parasites of our society, the working people pay for everything.
    Real Estate values are based on the working people of this country having the wages to pay for a house.
    The fewer eligible people the less the house is generally worth in the open market.
    What exactly has changed?
    I maintain that a whole lot of things have changed in the last 40 plus years and it has all attacked the basic economics that make this country work.
    The banks in collaboration with the government are basically practicing theft made legal. Example: When you buy a house and get a loan to pay for that house it takes 120,000 dollars to pay off a 48,000 dollar loan. Why? The nature of the loan is at fault.
    No matter what the interest rate on the entire loan it is not what causes the problem. The problem is caused because the bank has graduated the loan so that you start out paying 95% interest and 5% principle. So in the first 8 years of a loan you are paying interest.
    Enormous amounts of money go to the bank in this system.
    The average person sells the home within 7 years.
    It used to be that there was a substantial tax break for interest paid on the loan in your income tax return. Not any more. That was gradually done away with by government greedy for money.
    In the current depression, people get laid off. They go bankrupt. Homes are foreclosed. This depresses the home sales market.
    What was very lucrative to banks is now home owners walking away from foreclosed homes. That gets into quite a bit of loss for the bank.
    New jobs do not pay people enough to qualify for homes. So the entire marketplace has gone bad.
    The scandal is that this effects derivatives. Those in turn pull banks into being insolvent.
    This is just one area that has gone wrong. Foreclosed homes do not pay real estate taxes. So the entire school system is suffering from the lost source to pay wages.
    Discretionary income has been reduced by at least half by the increase in health insurance required by the government. People do not have the income free to buy what they want anymore.
    So retail stores are suffering the result of this.
    Most of the new jobs are minimum wage. That also makes for a depression.
    It is a house of cards and government has pulled the base cards out from under the public. That is what is causing the depression.

    • df NJ

      There’s only one problem. The Federal Reserve corporation.

  • df NJ

    RE: “While Barack Obama has been in the White House, government dependence has skyrocketed to levels that we have never seen before. ”

    I know you all love to bash Obama but shouldn’t this read “Since GWB left office, bla, bla, bla.” Republicans are just as bad as Democrats. I think we were losing 800,000 jobs per month the three months leading up to Obama swearing in as president. Obama simply isn’t smart enough to create a public policy capable of increasing dependence on the government. Those laws were in place before Obama showed up.

  • underaged

    And the world is coming to an end! Oh, it must be Wednesday.

  • big bird

    end-of-the-world orgy, my place, 9:00pm

    • Gay Veteran

      got lube?

      • M.

        In a just society you filthy perverts would be arrested and put into labour camps.

        • Gay Veteran

          just get home from your Klan meeting?

        • barry oldwater

          When soceity collapses and the police presence is gone, fabulous people maybe shouldn’t act so fabulous.

  • henrytan73

    Grow your own crops.

    • algol2000

      Simple and wise.

  • Gay Veteran

    “…Unfortunately, in our 48 hour news cycle world, a slow and steady decline does not produce many “sexy headlines”….”

    we’re like the Titanic, the bow just went under water but there is still a long way to go before we hit bottom

  • Gay Veteran

    you forgot to add /sarc/

  • Dave from OK

    Why are people giving Trump the time of day? Because people are becoming more and more frustrated and they are looking for a candidate for the presidency that is feeling their pain. Trump is a fool. I wish there was a real candidate out there that was as frustrated as I am, but believed in common sense. Ron Paul? G. Edward Griffin?

  • Renard Johnson

    I totally agree that the economic collapse is here today. I’ve been waiting eight long years for the meltdown to be recognized. The only fundamentals in the market today is the mass media reporting that there are fundamentals left in the financial markets. Other than that there’s not plenty to speak of. Now that the turmoils is here there’s uncertainty for most people. It’s been an epic deception going on since the 2008 crash. Finally our time has come. The music has stopped playing and the band has gone home.
    This is everyone’s financial failure. We’re in the process of creating a new system of financial haves and have nots. One that’s more just and fair. Celebrating the collapse by walking in nature is a calming way that will help you to become less fearful. I felt the blow out when it first happen in 2007 “Credit Crunch. Now I welcome everyone else to the party who did not feel it.
    If any world leaders announced the same Red Alert that Michael Synder has, no economist could examine their claims to be unworthy and label them idiots. No so called leaders have the guts to call an economic red alert. Michael’s alert is worthy and correct.

    • The inevitable will happen to America. You just have to accept it.

  • Todd in Texas

    China is offshoring to Africa for cheaper labor. Keep up!

  • Thomas D Guastavino

    With interest rates near zero, massive amounts of additional printed paper already in circulation, and debt already at staggering heights, what rabbit will the fed have to pull out of their hat when the next crisis occurs?

  • Dan Aldrich

    One thing about gold and silver is that it is a TANGIBLE asset. People have been using gold and silver for 100’s of years. I buy it as an insurance policy on my retirement account. All the warning signs are there. We have a nasty financial storm coming. You’d have to be an idiot not to see it.

  • Leo D.

    What is going to happen?
    Let’s review.
    * trillions of dollars in debt.
    * no jobs worth working for minimum wage.
    * No one knows what is right from wrong.
    * Men becoming women and women becoming men.
    * No one is working.
    * The new “welfare class” is spending more than the lower income working class.
    * Then there is the rest of the world in “total chaos”.
    What is going to happen?
    The answer “World War”.
    I’m not saying World War 3 because a lot are saying we are there. Or saying World War 4. Because it is not copacetic to use that term.
    But we are headed for World War I in 21st century.
    Russia and China.

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