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14 Reasons Why The U.S. Economy’s Bubble Of False Prosperity May Be About To Burst

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Bubbles - Public DomainDid you know that a major event just happened in the financial markets that we have not seen since the financial crisis of 2008?  If you rely on the mainstream media for your news, you probably didn’t even hear about it.  Just prior to the last stock market crash, a massive amount of money was pulled out of junk bonds.  Now it is happening again.  In fact, as you will read about below, the market for high yield bonds just experienced “a 6-sigma event”.  But this is not the only indication that the U.S. economy could be on the verge of very hard times.  Retail sales are extremely disappointing, mortgage applications are at a 14 year low and growing geopolitical storms around the world have investors spooked.  For a long time now, we have been enjoying a period of relative economic stability even though our underlying economic fundamentals continue to get even worse.  Unfortunately, there are now a bunch of signs that this period of relative stability is about to end.  The following are 14 reasons why the U.S. economy’s bubble of false prosperity may be about to burst…

#1 The U.S. junk bond market just experienced “a 6-sigma event” earlier this month.  In other words, it is an event that is only supposed to have a chance of 1 in 500 million of happening.  Billions of dollars are being pulled out of junk bonds right now, and that has some analysts wondering if a financial crash is right around the corner.

#2 The last time that we saw a junk bond rout of this magnitude was back during the financial crash of 2008.  In fact, as the Telegraph recently explained, bonds usually crash before stocks do…

The credit market usually leads the equity market during turning points, as happened when credit markets cracked first in 2008.

Will the same thing happen this time around?

#3 Retail sales have missed expectations for three months in a row and we just had the worst reading since January.

#4 Things have gotten so bad that even Wal-Mart is really struggling.  Same-store sales at Wal-Mart have declined for five quarters in a row and the outlook for the future is not particularly promising.

#5 The four week moving average for mortgage applications just hit a 14 year low.  It is now even lower than it was during the worst moments of the financial crisis of 2008.

#6 The tech industry is supposed to be booming, but mass layoffs in the tech industry are actually 68 percent ahead of last year’s pace.

#7 According to the Federal Reserve, 40 percent of all households in the United States are currently showing signs of financial stress.

#8 The U.S. homeownership rate has fallen to the lowest level since 1995.

#9 According to one survey, 76 percent of Americans do not have enough money saved to cover six months of expenses.

#10 Rumblings of a stock market correction have become so loud that even the mainstream media is reporting on it.  For example, just check out this CNN headline from earlier this month: “Is a correction near? Wall Street on edge“.

#11 The civil war in Iraq is spiraling out of control, and Barack Obama has just announced that he is going to send 130 troops to the country in a “humanitarian” capacity.  Iraq is the 7th largest oil producing nation on the entire planet, and if the flow of oil is disrupted that could have serious consequences.

#12 As a result of the conflict in Ukraine, the United States, Canada and the European Union have slapped sanctions on Russia.  In return, Russia has slapped sanctions on them.  Will this slowdown in global trade significantly harm the U.S. economy?

#13 The three day cease-fire between Hamas and Israel is about to end, and Hamas officials are saying that they are preparing for a “long battle“.  If a resolution is not found soon, we could potentially see a full-blown regional war erupt in the Middle East.

#14 The number of Ebola deaths continues to grow at an exponential rate, and if the virus starts spreading inside the United States it has the potential to pretty much shut down our entire economy.

Meanwhile, things look even more dire in much of the rest of the globe.

For example, the economic slowdown has gotten so bad in some nations over in Europe that they are actually experiencing deflation

Portugal has crashed into deep deflation and Italy’s inflation rate has fallen to zero as the eurozone flirts with recession, automatically pushing these countries further towards a debt compound spiral.

The slide comes amid signs of a deepening slowdown in the eurozone core, with even Germany flirting with possible recession. Germany’s ZEW index of investor confidence plunged from 27.1 to 8.6 in July, the sharpest fall since June 2012, during the European sovereign debt crisis. “The European Central Bank has to act now,” said Andrew Roberts, credit chief at RBS.

And in Japan, GDP just contracted at a 6.8 percent annual rate during the second quarter…

Japan’s economy suffered its worst contraction since 2011 in the second quarter as consumer spending on big items slumped in the wake of a sales tax rise.

Gross domestic product shrunk by an annualized 6.8% in the three months ended June, Japan’s Cabinet Office said Wednesday. The result was actually better than the 7% contraction expected by economists.

On a quarterly basis, Japan’s GDP dropped by 1.7% as business and housing investment declined. Japan’s economy last suffered a hit of this magnitude after the 2011 tsunami and nuclear disaster.

There is no way that this bubble of false prosperity was going to last forever.  It was never real to begin with.  It was just based on a pyramid of debt and false promises.  In fact, the condition of the global financial system is now far worse than it was just prior to the financial crisis of 2008.

Sadly, most people do not understand these things.  Most people just assume that our leaders have fixed whatever caused the problems last time.  And when the next crisis arrives, they will be totally blindsided by it.

  • Tim

    These facts speak for themselves, but I don’t think any of it matters. Frankly, I’ll be surprised if we have another economic downturn like that of 2008. Why? Because NOTHING matters. It seems that the worse the macroeconomic data gets, the higher U.S. stock markets rise.The Powers That Be obviously have more control over things than we think, and they can probably keep the system going for quite some time. I think they will eventually lose control, but when that will be is anyone’s guess.

    I hope I’m wrong.

    • Hank

      Agree ..it is very bizarre how long they have kept this going.

      • Kim

        Madoff kept his going for 30 years. but when it finally collapsed it did so in one day.

        2 Jesus answered them, “When it is evening, you say, ‘It will be fair weather, for the sky is red.’ 3 And in the morning, ‘It will be stormy today, for the sky is red and threatening.’ You know how to interpret the appearance of the sky, but you cannot interpret the signs of the times.

    • Kim

      Ponzi schemes are manageable for a while but when things start to turn bad, they do so over night.

      • Tim

        I wasn’t trying to be cynical or a contrarian. It’s just that they’ve kept this going for so long that at times it has caused me to question what I believe.

        • Kim

          I have been questioning the same thing for a long time too.

      • lordonlow

        not a ponzi scheme en toto, as i’ve pointed out re: zirp and the bubble economy. some of the debt bubbles, like credit cards and student loans, both now at a trillion or more, are not based upon a ponzi scheme, but desperation and/or aspiration.

        what IS ponzi based are unfunded liabilities and social security, obamacare, QE, and debt spending by uncle scam. all kick their cans down the road, in effect, setting neutron bombs on a timer.

        man is SO arrogant, but he is not above the universe. and a fundamental universal law to be remembered when it comes to these neutron bombs is:

        “For every action, there’s an equal and opposite reaction.”

        therefore, judgement day is set in stone. there is, quite simply, no way around it.

    • alan

      They still have 401k’s to loot, so yes they can keep the status quo going for a while longer.
      I think they will not let it drop no matter what. The plunge protection team has a new book of blank checks!

    • lordonlow

      the bubble in equities is easily explained: zirp. it’s actually quite rational and not hard at all to see. once you understand this simple fact, you realize that equities are rigged to the hilt, and the smart money – via inside info – will eventually make its move, while the millions of suckers will be extracted from.

      same is true of home and auto loans. in a sign of the times auto loans can now be had at SEVEN YEARS. this is a tell: it shows how the evil empire is trying to lure as many suckers into “le grand jeu” as can be before the music stops.

      welcome to phase two of EM08 (econ meltdown 2008): “maximum extraction.”

  • krinks

    With the way that everyone even so called Christian Churches are bowing to the will of Islam, and the rest are too worried about their next gov’t check to care about what the gov’t does, I say bring it on. We deserve it.

    • Kim

      not to mention their acquiescence to gay marriage. “church” has become nothing more than a social club for those with a heavy conscience.

      • Gay Veteran

        yeah, and before that there was their acquiescence to interracial marriage!

        • Guest

          So you’re assuming that the Church will eventually accept same-sex marriage, right? Apostate churches already have, but true members of the assembly that Jesus Christ is building will never accept it. Those indwelt by the Spirit of God know what God thinks of same-sex marriage.

          • Gay Veteran

            what do you mean by “accept”?
            well we know what god thought about slavery, got that wrong

          • kfilly

            Funny thing is that we are all already slaves. We are slaves to a debt based monetary system. The petrodollar scam enslaves the rest of the world’s population.

          • Log

            You mean you got it wrong.

            Slavery was condoned in Israel as a means of working off debt. There were a number of humanitarian restrictions on how they were treated, and no one could be enslaved for more than 7 years. After that the slave holder had to consider the debt paid in full, set them free and provide a generous stake to help them get started again. Families who fell into slavery together had to be kept together.

            Some slaves were so well treated by their masters that at the end of their time they requested to remain life long servants in their master’s household. These slaves were called bond-servants and were trusted and highly regarded members of the household. Exodus 21:2-11 and Leviticus 25:39-55 are good references.

            The slavery practiced in the US and other countries during the 16-1800′s in no way approximated Biblical slavery and was a blemish on human history.

          • Handog

            Good. But you may be beating a dead horse.

            Gay has shown his ignorance of the Bible here many times.

          • Gay Veteran

            and yet the good “Christians” in the South consistently used the Bible to justify their brand of slavery

          • Gay Veteran

            Apostate churches? oh, you mean the ones YOU don’t agree with. But I guess people like you are the only “true” Christians.

          • Airedale

            Apostate churches are those that the Bible doesn’t agree with.

          • Gay Veteran

            again:

            Apostate churches? oh, you mean the ones YOU don’t agree with. But I guess people like you are the only “true” Christians.

          • Airedale

            I really don’t care about gay marriage. I neither pleases nor offends me. However, the Bible is fairly clear on the matter.

          • Gay Veteran

            yeah, like it was clear on slavery

          • Viper

            The bible was clear on slavery, voluntary servitude if you read it correctly.

          • Gay Veteran

            you’re right, that’s why southern slave owners couldn’t use it to justify slavery….oh, wait, they did

          • Priszilla

            Well Jesus had no problems with other gays.

          • Adrian

            Really? What did Jesus say that was anti-gay? Seems his entire message was about acceptance and forgiveness.

          • Handog

            He isn’t anti gay. He’s anti-Sin.

            “Then neither do I condemn you,”Jesus declared. “Go now and leave your life of sin.”

            Jesus

          • Adrian

            We all sin, so what’s your point? In fact, you are sinning right now by condemning other people.

          • Airedale

            None can live a sinless life, but that is greatly different from seeking out and willingly live a sinful life. There is also a great difference between condemning and correcting a person’s behavior.

          • Handog

            Thank you.

            Don’t see where I was “condemning” gays.

          • Handog

            Have you been drinking?

          • Guest

            You obviously know nothing of the bible or Christianity, Adrian.

          • Adrian

            Oh, really? So you’re saying that Jesus’s message WASN’T about acceptance and forgiveness? Educate me: show me the Jesus quotes where he is vindictive and urges people to not accept and to hate. I gotta see this.

          • Viper

            At the same time Jesus never advocated sin like you’re doing.

          • GSOB

            We should have a direction in life, we should become people who are more and more sanctified, and we should be inviting others to join us. And if they won’t come, we grieve. But we move on all the same. Some relationships simply aren’t good for us. You aren’t rejecting them, they’re choosing not to come with you.

        • Kim

          I understand and appreciate your sensitivity to the issue of gay marriage.

        • A clever peasant

          Pardon my euphemisms but Christianity will never condone the smoking of white owls or the packing of fudge. Just a heads up for you in case you don’t realize there are false churches that deny that truth. By the way, interracial marriages are fine with Christians. To believe otherwise is just one more misconception of breakaway churches (albeit those on the opposite end of the political spectrum) that try to appease their congregations with the heretical “if it feels good do it” philosophy.

          • Tom_F

            @clever, look, most priests are gay. Jesus had a beard and long hair, was obsessed with his body image, wore a dress and sandals, seemed to attract drama everywhere he went, and drank wine all day with 12 dudes. Just sayin’…

          • A clever peasant

            Tom says, “look, most priests are gay.” Most? Don’t know where you came up with that. Some surely are. Maybe many. But most? I attended Catholic schools for 12 years. The only sexual misconduct I ever witnessed was when I walked into an office at school and caught a priest kissing a 12th grade girl. Thought about reporting him but she was kinda’ hot and I figured it would have been hypocritical of me. You say, “Jesus had a beard and long hair. . . wore a dress and sandals” Yeah,like everyone else in the region 2,000 years ago. “Drank wine all day with 12 dudes.” That’s when I realized you’re just trollin’. Just sayin’ Tom.

          • Airedale

            You are a great example of willful ignorance and immaturity.

          • Gay Veteran

            “…By the way, interracial marriages are fine with Christians….”

            that’s a lie, you people fought (and some continue to fight) interracial marriages with the same bible:

            “…Almighty God created the races white, black, yellow, malay and red, and he placed them on separate continents. And but for the interference with his arrangement there would be no cause for such marriages. The fact that he separated the races show that he did not intend for the races to mix….”

          • A clever peasant

            Where did you find that? Certainly not in the New Testament where Christian teachings emanate. “White, black, yellow, malay and red”? On separate continents? Sounds like some revisionist editing by someone with an agenda. What version of the Bible are you referencing?

          • Gay Veteran

            that was from the original state court decision in the Loving case (later the U.S. Supreme Court overturned laws against interracial marriage in Loving v. Virginia)

          • Airedale

            Democrats fought interracial marriage.

          • Gay Veteran

            very true! and after the Civil Rights Act of 1964 and the Voting Rights Act of 1965 those racist southern democrats became racist southern republicans

        • Priszilla

          And to women voting!

          • Gay Veteran

            and to women even owning property

          • Priszilla

            In the Philippines the church is still opposed to divorce and birth control.
            People can only apply for an anullment of their marriage, in which case they have no right to any property division because the marriage never existed.

            And the population of the Philippines is still growing fast. From 60 Million 20 years ago to 92 Million in 2010.

            The excess workforce is exported to English speaking countries. Men work in construction in Taiwan, Saudi Arabia, the Middle East. Women work as nurses and carers in Ireland, USA, Canada, UK, etc. In addition entertainment bands in Hotels in South East Asia usually are Philippinos.

          • Hammerstrike

            They can just send the extra pop to the NA west coast.

      • Adrian

        It’s usually been a place where elites of a community can network and make even more connections and money.

  • Kim

    now is probably a good time to make things right with God.

    • K

      Amen

    • Evan

      What does that even mean? Seriously. Americans are just so darn ridiculous when it comes to their interpretations about God and the truth about what spirituality actually is.

      • Tom_F

        @Evan, right. It is Americans and “their interpretations about God” that are ridiculous. That’s what the problem is. Got it.

        • Evan

          Tom you seem to be the very person I am talking about. I bet you smugly think you have it all locked up when you die what with all those crowns and recognition you will receive in heaven. Of and don’t forget those mansions and streets paved with gold.

          • Daystrom2012

            Of and don’t forget that it’s a street of gold, not streets. Revelation 21:21

            Unless you repent, you will perish. Luke 13:5

          • GSOB

            The gods that pagans worship are nothing compared to the Lord.

          • Nikolaus

            when you die, what of you do you think will remain to be anywhere? a Soul or a heaven? what shall that be? Phantasies of naked apes a couple of 1000 years ago: religiots.

          • GSOB

            John 12:24

        • Adrian

          It’s not just Americans; look at the Middle East right now. Look at history and how many wars have been fought in the name of religion. However, I do find it funny how so many Americans are so judgmental about Muslims and their religious beliefs when they are just as zealous with theirs. Imagine an alien observer chuckling to itself.

          • Sandy Sandells

            I read a study once that children who are raised in religion have difficulty as adults differentiating between fantasy and reality

          • Doin’ just find Sandy.

          • Adrian

            You’re exactly right. I read the same recent study myself, and I’m not at all surprised.

          • NowAlive

            I read once that biased scientists who set out to “prove” a hypothesis, inevitably do. To not see through that ridiculous study is a failure for an adult to differentiate between fantasy and reality.

          • Handog

            And the agnostic readers swallow it up hook, line and sinker.

          • laura m.

            The mid east wars are fought by sub human satanists who think they are rewarded by allah-satan by how many people they kill and women or girls they rape, or number of kids they breed. Mid east cockroach Muslims will burn in hell forever from the bloodline of reprobates Cain & Ishmael.

          • Adrian

            Sorry, I think the entire point of this post went right over your head. In fact, your bizarre, judgmental religious rants are an excellent example of the kind of nutty religiosity present in the US. If one transplanted your views to a Muslim, he’d be a member of ISIS.

          • laura m.

            Since you feel it’s ok to rape girls, chop heads off kill children too, shoot people in mass graves like ISIS did in Syria and Iraq and run people out of their houses at gunpoint for no reason , then you are a crazy nut case, and Hamas, ISIS sympathizer. Foreign entanglements aren’t justified ( Viet Nam war), but ISIS caliphate is real and a world wide threat. Islam is a political movement with a satanic agenda and these groups mentioned are CIA ops. If you think 9/11 was awful, just wait; Jihadists are trashing Europe because cowardly men over there let it happen. Our borders are wide open because scum politicians are playing along with Obozo – as the last four presidents who trashed the borders.

          • Adrian

            What in the WORLD are you talking about? I am in favor of eradicating ISIS. Now show me how you made your faulty leap of logic and assumed I was pro-ISIS? Funny how when Americans learn about a new group, they always use it in conversation, while some of us were aware of ISIS months ago because we read and keep informed.

          • jimmy

            Amen to that my friend, I look forward to the day when I see all Muslims burn in he’ll, Satan’s children.

          • Malcolm Reynolds

            So God is a big ol keep-em-stupid-fantasy but “Satanists”, “burning in hell” and ancient Jews from the Bible, is all good to go with you?

            How’d you wrap your little mind around that?

            “sub human”
            it’s important to note how often in history anti-God secular humanists often use words like that to commit mass murder…

          • Are you referring to the Crusades? That’s so like 263,895 days ago, but Muslims are murdering Christians just for being Christians today.

          • Adrian

            Not just the Crusades, how about the European colonization of the planet, which was done under the banner of Christianity? How about our conquest of the Western US, or our involvement in Afghan and Iraq? All had religious elements.

          • JB

            Careful what you call Christianity – much has been done in the name of Christianity that had nothing to do with biblical doctrine or sound theology. But that’s the enemy’s modus operandi – to deceive. If he showed up Ina cape and horns he wouldn’t be a threat. But God’s Word says he shows up as “an angel of light.”

          • Adrian

            That’s right. The point is that many evil people can use religion to deceive. I wish Americans would remember this when they are quick to judge Islam. The religion itself, like true Christianity, is peaceful, but zealots manipulate it for their own gain. That has been a universal strategy.

          • charles martel

            the quran teaches clearly that non muslim have to convert or die, where’s peace in that?

            You are what communists use to call a “usefull idiot”…

          • Adrian

            Oh, ok. Gotchya.

          • GSOB

            Islam denies the deity of Christ.

            1 John 2:22

            1 John 4:3

          • Airedale

            The Crusades: the Christians took back about 2% of the Christian Middle East the Muslims stole by butchering conquest. Middle East: Early Christians peacefully converted some 700 years before Islam was founded.

          • laura m.

            I’m no fan of the pope or Catholicism. The only thing they did that makes sense was keeping Muslims from taking over Europe (battle of
            Tours and other battles later on in France or Spain). Later on Catholic leaders murdered thousands of protestants in Europe. Adrian seems to be a Muslim sympathizer and not sticking to facts..

          • charles martel

            they didn’t do it, clergy men don’t fight, never, in any case.

            Those who kicked islam out of europe were simply the inhabitants who didn’t want to convert or die.

            and you forgot that twice in history christians and muslims fought together against other europeans, it was called the franco-turk and germano-turk alliances.

            The only reason the church called for wars against muslims was because tehy could lose their richess, and only that, when pagan refused to leave their creeds to embrace christianism, the christians behaved like muslims: mass murders….

          • charles martel

            and pagans were murdered by christians for being pagans…

          • GSOB

            nobody’s perfect

          • christ warrior

            The Yazidis are not Christians, that is just what the government officials and media is telling all Americans. They worship the Peacock Angel that is satan himself. They believe the Peacocks angels created Adam and Eve, not God.They believe Adam (of the Bible) put his seed in a jar and 9 months later the jar was opened and a baby boy was in the jar. They believe that they are direct descendants of Adams “jar son” and that is why they say they are the oldest religion in the world. Just do your research… Wikepedia Peacock Angel for starters. It is very demonic. Oh and the Catholic church also worshipped the peacock many eyes in the begginings of that church. Yes you all have been deceived. No they are not Christians!

          • Kim

            look at all the atrocities committed by the Catholic clergy over the centuries.

          • Adrian

            True, not only the clergy, but the church itself. It has made fortunes over the years and gotten into bed with some of the most atrocious leaders.

          • JB

            That’s the RCC – not the church of the bible.

          • Adrian

            Many groups have used the Bible (and still do) to gain power and spew hate. That does not mean the Bible is invalid, it just goes to show all religions have bad components to them, not any one.

          • JB

            Catholicism isn’t Christianity.

          • otter1111

            That’s a pretty big accusation. Since there was no Protestants for the first 1500 or so years after Christ, was there any Christianity at all?

          • GSOB

            There is a distinction to discern…….

            The “Catholic Church” and the “Roman Catholic Church”
            aren’t synonymous.

          • John Orfanides

            there were the albigenses and waldenses, they follow the bible instead of the popery, and they were around since at least as long as the Catholics. Luther was actually accused of being a Albigenses. History is written by the winners and the Catholics were pretty good at killing the real Christians if they didn’t accept their leadership.

          • Chained

            The Vatican is the beast and pope francis is the false prophet

          • wetwork

            When was the last time an American Christian put a gun to your head and said, “convert or die”.
            Your argument lacks reality or intellectual rigor.
            Try selling that to the Taliban…

          • Adrian

            I think this argument is going way over your head. Spanish conquistadortes used to convert Indian children before murdering them. My point is all religions have been sued for evil, not just Islam. Try reading a book now and again, it might just do you some good and shine some light on some nebulous, foggy concepts for you!

          • Hammerstrike

            Religions are not equal in this.

            Some religious books doesn´t just encourage those acts but makes them into a duty toward what they claim to be God.

            The ones comitting these evil acts are not the ones ignorant of their own religion, they are the ones who bothers to follow
            These incriminating texts are not hard to find out at all.

            One should judge religions after their contents, after what the holy texts actually states.

          • Adrian

            Speaking of the Taliban, I was criticizing them way back in 2000 when they blew up the Buddhist statues…you know, back when George W. was having them over to the ranch. Friggin knuckle-dragger…

          • SmallerGovNow

            “when they are just as zealous with theirs”… Really? I don’t see Christians going around chopping off heads and blowing themselves up in the middle of big crowds…

          • Imagine Satan chuckling to himself as he whispers into your itching ears all the things you want to hear.

        • wetwork

          I thought the problem was the economy, folks getting their heads chopped off (by non-Americans [I’m not American BTW]), war, famine, disease, family break ups, et al.
          If you think the problem is the American interpretation of God you’ve got your head in the sand dude.
          WOW!
          Folks sure get nutty when they depart from God and His Word!!!!!!!!!!!!!!!!!!!!!!!!!!!
          See you at the post-apocalyptic mixer!

          • Tom_F

            @wetwork, we can chalk it up to your not being American, but the post to which you are responding was entirely sarcastic.

      • JJ

        Evan, since you’ve got it all figured out, tell us the true interpretation of God and what true spirituality means.

        • Evan

          The truth is that we are all being duped. Christians, muslims and every other religion that exists on this planet. We are divided by the one thing that should be uniting us all – a common thread of the reason we were created. To breed. Some believe that it is for an alien purpose (perhaps food for the future). Others believe it is for karmic reasons. To learn and test ourselves, kind of like a trial by fire so to speak. Which is why good and evil exist on our planet.

          The truth is that everything we know and have learned from previous generations has been a lie. This includes the very history and truth about the United States (just google about the copper being taken out of MI long before this country of ours was supposedly even discovered).

          So if we are being lied to about our own origins (darwin never said we came directly from apes) and history what makes you think that we are not being lied to about christianity and the bible?

          It stands to reason that what we think is the truth may only in fact be what we have learned from our parents, their parents and so on and may not even be anything remotely close to what the truth is.

          Our brains and knowledge before the internet were limited to what we learned from our small sphere of influence (church, parents and friends). Too me that is the scariest of all because knowledge is limited and imagination is limitless.

          Most do not have the imagination to break away from everything they are taught and think they know, to do what is in direct contradiction to the group is a rare quality most are unable to harness.

          We are because of this resource in the golden and final stage of this generation of humanity.

          Once this generation passes a new one will inhabit the earth and start over from scratch. Perhaps with a different scenario than the one we have. Perhaps with the same one to see if we can produce a different outcome. I don’t know.

      • Adrian

        Right on!

      • Richard

        It’s all just for show – like everything else American. They’re just braggarts and show-offs. The pathetic thing is that they’ve got nothing to show off about any more. Contemptible people… and, by the way, with their big, dangerous toys, quite the most dangerous people ever to stride the face of the earth – bar none.

        • Viper

          I guess that means you’ll never be visiting America. Fantastic!

      • Wetwork

        Try starting with repentance…seriously, you REALLY don’t know what that means????!!!

      • Gretchen

        Evan – To “make things right with God” means that one needs make their relationship with God their number one priority. With the way things are going in this world (i.e., downhill), when the crash finally comes, many people are going to die. You obviously have YOUR “interpretations about God and the truth about what spirituality actually is”. And I’m guessing your interpretations would probably be seen as ridiculous by others who don’t think like you do. Stop putting others down for their beliefs, trying to build yourself up and make yourself sound more intelligent than the rest of the world. In doing so, you actually make yourself sound like a pompous idiot.

    • danbax

      what this means is that no one knows what they might die from it could be from natural causes, looters, earthquakes, disease starvation, violence etc,etc

    • JustanOguy

      God is too busy for those just now getting on board as he prepares for hitting the reset button.

      Pray all you want…. but if you haven’t prepared by now…. it’s too late.

      • Kim

        I disagree that’s it too late.

        • Woodland Echo

          There is not much time left to prepare.

    • alan

      When I die I will do all the things I never had money or time to do. In the mean time bills have to be paid!

    • Adrian

      Why? So it’s ok to not be right with God until you think things are getting bad? This is an interesting blog, with a mix of libertarians and religious zealots chiming in. Maybe the world is what we make of it, and things that are happening are of our own making instead of some pre-determined plan playing out beyond our control? I thought we all had free will?

      • Handog

        We have free will. That’s why the world is so screwed up and Micheal has so much to write about and you Heathens comment on. If the word of God was followed the world would be a much better place.

        • Adrian

          Oh, so now I’m a heathen? How tolerant of you! I doubt you could get any more anti-Christlike if you tried. This blog is basically a sky-is-falling site where the sheep scatter every time the bloger says the world is about to end, only to come baahing back for the next scare. It’s amusing.

        • Rachel

          Freewill is just an excuse used when people behave badly. It is NOT mentioned in the bible. It is only mentioned by christians to justify their own bad actions and behavior of other members of their group. It is basically BS and you know it.

          If you are supposed to be a new creature when you get saved why would you have to battle against all the sins of the worldly self you supposedly abandoned? Doesn’t sound much like a new creature to me but rather someone trying to live by a new tenant or principle and sometimes they are successful at it and sometimes not so much. Which does not make you a new creature but only makes you what we all are human – saved or unsaved.

          • Handog

            Please share the “new creature” chapter and verse.

          • Rachel

            2 Corinthians 5:17
            Therefore if any man be in Christ, he is a new creature: old things are passed away; behold, all things are become new.

            However I am sure a christian will say I must be interpreting this incorrectly. Which can be said for any verse in the bible. It is all open to one’s own interpretation.

          • Handog

            I prefer creation. Creature sounds like something that crawled out of a swamp. However you like though..

          • GSOB

            John 3:3

        • Kim

          the beauty of Christianity is that you can turn it all around (repentance).

      • Kim

        if you’re so inclined, you should read the account of King Mannaseh. Even from a purely intellectual point of view, it’s a fascinating story.

        anyway, God has not yet turned his attention to the affairs of the earth, but he will.

        2 before the decree takes effect
        and that day passes like windblown chaff,
        before the Lord’s fierce anger
        comes upon you,
        before the day of the Lord’s wrath
        comes upon you.
        3 Seek the Lord, all you humble of the land,
        you who do what he commands.
        Seek righteousness, seek humility;
        perhaps you will be sheltered
        on the day of the Lord’s anger.

        • Adrian

          I don’t believe in an angry, wrathful God. I think humanity will play out as it choses, whether we make it a better or a worse place, that is up to us as we all learn on this planet. Just think about how big the universe it, and perhaps there re multiverses. Why would anyone think that what goes on on the earth is the center of it all?

          • GSOB

            Romans 5:9

            Ephesians 5:6

            Believe what you want.

    • grumpyhillbilly

      I see you’re getting mocked here. Well I for one think God is lining things up for some good old fashioned biblical punishment. The progressives are just unwitting tools, and I’ll admit the irony does amuse a little bit.

      As for the mockers, its called my hunch. Laugh all you want. Admittedly my hunches stink on timing, but they usually are right in the end. I won’t know, so I won’t tell if you make peace with your maker.

      • Kim

        I can take a good mocking! :-p

    • Hank Kingsley

      Talking to the fantasy figure in the sky is not the solution. Especially not since it was the elites that made this ‘god’ up in the first place with the goal of keeping the masses stupid. Lo and behold 2 millennia later the masses indeed can still be kept stupid with bogus stories about a non-existent ‘god’. Religion is all a huge scam.

    • Chained

      I agree. We are living in the last days. Ask forgiveness and repent.

    • piratemarshal

      What asshole God would bring a world like this into being.

      • truth

        God dod not make the world like this. Humans did. Humans are assholes. As long as humans continue to live and breed, there will always be more problems.

        Sincerely,

        The world’s greatest misanthropist.

    • Brendan D.

      Which god are we supposed to pray to? The Flying Spaghetti Monster?

    • antonio

      Kim, I’ve been shouting to the rooftop with this message. America is in deep fall. In general we have allowed the decadence of corporate and govt subvert morality for decades in this country.

      Brace yourselves! Judgement in near!

  • Jane OfVirginia

    I’m sorry. The false prosperity has eluded me. Many families have known six years of shrinking savings and downgraded expectations.

  • Guest

    How’s that collpase going ofr you?

  • Robert Miles

    How’s that collapse going for you?

  • wcmdeaf

    Stock crash in 2001,2008, and possibly 2015? Notice the trend??

    • kfilly

      Yep. According to the saying, the third time is the charm. Get some popcorn. I believe things are going to get interesting.

      • JulietteofOhio

        Grow your own so you know you’ll have it and you can even share with the neighbors.

    • JustanOguy

      Transferring credit to other sources when you are in over your head only lasts for so long.

      Tech bubble, Real Estate bubble and now it’s time for the big one to burst that will make the previous two look like little speed bumps.

      Whatever state you live in…. make sure you do a little research to see just how much bond debt your state is in.

      Cops won’t work for free when the chaos hits….

    • Joel

      Shmita Year :-)

    • Hammerstrike

      7 & 7.

  • I hope this is not the Second Coming of Christ, if you get my drift. Either the PTB will crash it when they need it or things get out of their control and they will preempt it. Whichever way it goes down, I don’t think we’ll make it through 2015 the way things are accelerating downwards. If we make it through 2014, everyone count their blessings.

    • Woodland Echo

      I have been researching all this for years, it is accelerating at an alarming rate now.

      • Pubby

        As prophesied. None of the nations that are now will exist soon. Why? Because the Lord’s prayer will be fulfilled. Find the group that does not have paid ministers, are no part of the world and it’s conflicts, and fulfills the straightforward commands of Jesus in Matt, John, and others, especially those who will under no circumstance demonstrate hate by going to war, and you will be close to the cramped and narrow road that leads off into life.

        • Woodland Echo

          All Churches are Apostate at this time, we are in the Laodicean Church Age spoken of in Revelation. We must have faith in Jesus and a Love for God’s Commandments to stay on this straight and narrow road.

          To be part of the Armed forces of America is to not be part of God’s Army. We are to be Warriors in the coming Battle, but we are to fight for no nation. We will die like flies, then be raised as Mighty Beings.

  • Steve

    I’ve got some “bubble bursting” articles from this site in 2011 that I foolishly sent around in 2011. Keep crying wolf. I suppose, you’ll be correct eventually, like those predicting hurricanes in NY in 2010 eventually found Irene in 2011 then Sandy in 2012.

    • Priszilla

      Prepare for what might happen but don’t forget to live now.

    • Log

      I agree. This guy just keeps going on about the collapse. For years and years and years. When it happens, he will try to take credit for predicting it.

    • alan

      The collapse started in 2008 and is a slow motion train wreck. In ten more years we will look a lot like Africa. We will all work just to feed ourselves and our houses will look run down. The infrastructure will be unsafe and horrible.

      • Woodland Echo

        Many of us are working just to feed ourselves now. Since 2008 everything we need to buy to exist has doubled in price. Wages have stagnated or dropped. Historically when a populace pays more than 45% of their income on food, they Revolt. Soon this will happen.

      • Hammerstrike

        “Steve” prolly is a governement troll.

  • wally

    Patient 0 just died. This is the guy who was on a bunch of flights and he could have potentially infected thousands that haven’t been realized yet but soon will be.

  • Melody Rae

    plus it looks like a Russian and China I have made a deal that they’re not going to use American dollars to buy the oil anymore… the American dollar is shrinking

  • southernfriedrebel

    this is an easy fix-just stop paying taxes, or cut back anyway you can. HURT THE REAL ENEMY-CORRUPT GOVERNMENT. There has to be a way to hurt them without violence. Try to lock up a 100 million we the peoples.

    • Priszilla

      You can choose to which government and state you want to pay taxes. When you quit your job you can save up to 50% income tax. In countries with different vat percentages you can focus on goods with no or low vat.

  • pk

    Too bad so many people got off subject over this article.

    • Keywee

      You’re not wrong there. How did it turn into a religious debate?

  • GSOB

    Remember those surrounded by ISIS.

    Christian brothers and sisters run and seek refuge in the mountains. Lift them up to the Lord.

    Our Lord Jesus, …please remember to protect your own, your grace and faithfulness, provide for their eternal security. Strengthen the Christians that fled to the mountains by the endurance you called them to,.. make them one with you by your sanctifying Spirit on their human spirit, Lord.

    O lord Jesus,… please deliver them far out of reach from ISIS and may the overflow of your protection be made a blessing even to those among them that are not of the faith.

    Thank you Lord for the support that our country is able to provide these refugees.

    Amen

  • DJohn1

    The trouble is Obama has cut into the discretionary funds of the working class of people in this country with his “health care” program. No discretionary funds means no retail market out there. Because people simply do not have the cash to go out there and continue buying things at the level they had before Obamacare.
    Congress did its part too. They failed to renew the tax breaks of the former president Bush in 2010/11. The result is a lot of people did not get near the tax return they thought they had coming this year. I think it took a couple of years to catch up with the people in power.
    That tax return money is actually shoe money. That is the money people spend that they normally do not have to spend the rest of the year. Like on shoes for kids for school.
    The COLA has been manipulated to death. This same President lied about a lot of things that were going to happen. When the Social Security people do not get raises it means they spend a whole lot less money at the retail level.
    This President does not have a good handle on the economics of the middle and lower class people of this country. What he does have is an opinion of what can be done with little or no money left over for extras in the middle class. His tongue is well developed in convincing people. His actions are the cause of the problem.
    He has Harry Reid to deal with. Good old Harry. You know the man. He is the one putting ranchers out of business for the sake of a tortoise. The result is very apparent at your local grocery store as the price of beef goes through the ceiling.
    Or how about flooding the country with people? That too effects the economy. Screw the average man. That seems to be the policy I see in D.C. from both parties.
    Until they take care of the average person out there the result is going to be an economic disaster of major proportions.
    The reason no one wants to buy a house is you lose everything when you lose your job.
    With foreclosures going through the roof a normal person would be looking for a way for people to keep their houses intact until they can find work. Not this guy.
    We need unemployment insurance on our homes so that foreclosures do not occur. That is an expensive item. But it is worth it.
    I am sitting on a property right now that has been accessed at 20,000 dollars less than it was worth 3 years ago. That is because of the foreclosures and the lousy market conditions.
    We no longer have any kind of cushion against economic disasters. And that is government changing the basic rules by which everyone lives.
    When I was in my 20s. I bought a house on $50 in the bank with my VA Loan. I was in a position where I got raises every six months as my skills in my apprenticeship increased. I sold it 3 years later and bought a better house closer to work. You cannot do that in today’s market place.
    I normally got close to a thousand back off my income tax because of this real estate shelter. That is worth 10,000 in today’s currency. The congress put a stop to that.
    They put a stop to the middle class of this country and now they are all looking blank and saying “Who me? not me!”
    They knew what they were doing for the most part. Now they are reaping what they sowed.
    You cannot take an entire housing industry and dump it like this without it taking a lot of banks with it. And that is what is going to happen in the near future.

  • JJ

    Yep, heard this in 2010, 2011, 2012, 2013 and now 2014.

    Meanwhile…My father is in Michigan returning to his old CEO job (manufacturing)…He had to BID UP a rental condo because the rental market is on fire, the sales of his company are booming, he can’t find QUALIFIED workers to staff production so he is now turning to military veterans groups to try to fill the jobs.

    Here in New York, job market is awesome. I’ve never see so many people moving to new positions and just check Dice or Monster…1000s of tech jobs out there.

    Want a job like you did in 2002 making 90k sitting in a cubicle? No chance. That’s what Michael doesnt get. His old concept of a “job” is gone. If you can’t find a job, make your own and start a company. The most successful ones have been started in “recessions” anyway

    • Ian

      Want a cookie or something? Not everyone in blessed with a CEO father or the tools to start a company. Go ahead. Keep trying to teach Michael something. While your dad gives all our good jobs to China.

    • Oh good grief

      JJ clearly does not understand the nature of the economic cycle. Here’s a clue, little pampered, son-of-a-CEO: Bull markets are long, slow and consistent. Crashes are exceedingly rare and devastating.

      During *any* bull market cycle, some half-wit always exclaims, “Hey, I’ve been right so far”. It’s the same every time. Except this time, you’re the half-wit. You’re like the guy who jumps from the 20th floor, and when he passes the 10th, he says “so good so far!”.

      And as to your comment on tech jobs in New York: Clearly you are embarrassingly sheltered and bad at numbers. Exactly how big would you say the New York tech scene is? This is a country of nearly 400 million people. Suggesting everyone go and get a job at a well-funded Manhattan start-up is just a modern version of “let them eat cake”. Clueless.

    • Phil from Germany

      What I dont understand is the very reason you are here on this site, reading about things that make no sense to you. Everybody here isnt just convinced about a crash, were all trying to work out when it bites harder than it already has……except you.

    • DerpDerp

      It’s pretty sad. JJ posted his experiences, what he sees going on in his area…and 3 people attack him for that? What, are you guys just cheering for a collapse of some sort to come, just so you can say “See, I told you!” ?

      Not everyone is doing as badly as others. Different areas of the country are experiencing hard times, while others are booming. Can’t fault someone who is living in a boom area, just because you’re living in a bust area.

      Sheesh. People nowadays are really screwed up.

      • Ian

        He wasn’t posting HIS experiences. He is bragging about how his daddy made it all good for him. We all just need to buck up and be just like his daddy. Pull your head out your bung. If you live anywhere in the U.S. you are in a “bust area.” This debt is all of ours. I have two kids with one on the way. I’m an independent businessman. I’m not “cheering for a collapse.” But I also live in the real world, where there are real problems. Not rich people problems.

        • DerpDerp

          Quote: “Here in New York, job market is awesome. I’ve never see so many people moving to new positions and just check Dice or Monster…1000s of tech jobs out there.”

          Hmm, seems to me that JJ was also writing about what his experience is, in New York.

          Your ignorance, your hostility and lack of reading skill demonstrate the demeanor of your character.

          • Ian

            Still not his experience, more like his observation. But whatever, defend your imaginary friend. By what he’s said, I still don’t even know if he works for a living. Could still be living off daddy. But you’re right. I’m naturally hostile and ignorant. So thanks for pointing that out. You can read into what JJ wrote however you want. I’m still not going to apologize for my opinion. Besides, he was attacking Michael. If he didn’t agree with the heading why did he continue to read the article? Sounds like I let myself get trolled. Twice. Showing my ignorance again.

  • GSOB

    Well…..

    Look at the bright side of things…

    At least the NFL can compensate its wounded players speedily and more effectively than the government in providing benefits to our military veterans.

    The show must go on.

  • Ben

    I hope Wal Mart crashes. It has been an absolute blight in American society.

    • apeiron

      My little hometown had a vibrant downtown before Wal-Mart came in the 70’s…not vibrant since.

      • Kim

        Totally. And every other big box store stocked with merchandise made in China.

  • Priszilla

    We are moving. We’ll pay £60 more in rent, but £100 less for commuting.

  • lordonlow

    never in history have we seen the convergence of so many speeding trains:

    1. DEBT: aggregate in america (mortgage, fed, state, muni, student loan, credit card, auto…) is a new record: SIXTY TRILLION.

    2. UNFUNDED LIABILITIES: to put it n perspective, the city of los angeles has an annual budget of about $7 bil. long term uls? $27 bil.

    3. FIAT MONEY: since EM08 (Econ Meltdown of 2008), the runaway fed has printed, get this, FOUR TRILLION out f th

    • Drud

      You forgot:

      8. Drought
      9. Wars in Syria, Iraq, Ukraine, Pakistan, Israel, and many places in Africa, etc.

      10. Threat of Pandemic from either virus (Ebola) or drug-resistant bacteria.

      I too see speeding trains everywhere, in unprecedented number.

      • lordonlow

        you’re right drud. i was concentrating on the finance aspects, as that’s what i’ve been researching. but if the ones you add, i think drought, particularly for california, is top priority. but as usual, amer

  • alan

    What we have now is a bubble based economy. The whole thing is sick, but we can manage to blow bubbles in certain parts of it. The trick is to figure out what bubble will be blown and jump on it early and off before it pops.

  • Wizard of Aus

    Unemployment in Australia is now around 6.4% (12 year high), prices of goods & services continue to climb & businesses are closing or shedding staff. Yet the stock market continues to climb. Unbeleivable.

    • lordonlow

      zirp pushes money out of saving into gambling. thus, equities and real estate are once again bubbled up. it’s the craziest policy ever, but makes sense.

    • Adrian

      The stock market is simply a measure of corporate profits. When corporations and the stock market does well, that usually means the workers are taking it on the chin.

  • jakartaman

    The drum beat has piucked up significantly.
    The next year or two will be the defining time for humanity.

  • Adrian

    I have been reading this blog for years now. In all seriousness, what is the reason the economy hasn’t collapsed yet as the author is always claiming it is on the verge of doing? Exactly what keeps such a house of cards afloat?

    • Drud

      In a word: momentum. When I first started learning about economic collapse (2011) I expected the system to fall apart within weeks–not because I am a conspiracy theorist or doom-and-gloomer by nature, but just because the numbers are that bad. I tend to look at things through a lens of physics, so the analogy I have is this:
      The same equations and principle of impact-momentum govern a baseball hitting a bat as the collision of tectonic plates. The former takes milliseconds, while the latter can take years, decades, centuries. The only difference is the scale.

      • Adrian

        You make some good points. Thank you also for engaging in civil discourse, which is sadly a rarity in message boards these days. It is a breath of fresh air to see someone with the ability to make a point without attacking the other person.

        • danbax

          Peter schiff was warning of a coming collapse back in 2006 I think. Everyone laughed at him until 2008 came along.

          • Adrian

            True. I’m not laughing at the idea that our fiscal disorder will lead to collapse, rather, at the constant sky-is-falling nature of this blog. It seems to call for the same thing over and over, and when it doesn’t materialize, calls for it again.

  • selaretus

    It astounds me how the Govenment (for lack of a better word), the Fed and the market shills manipulate, delete, misinform, disinform every way/any way possible to put a positive spin on everything, no matter what is going on. And this is because the vast majority would rather hear comforting lies as opposed to uncomfotable truth.

  • Black

    the rest of the world is done supporting our lavish, undeserved lifestyle. make believe economy for make believe people

  • Donny

    To be fair, a majority of the job cuts from the IT sector are from HP, and this shouldn’t come as much of a surprise. As an independent contractor I worked on a large, firm-wide project to help consolidate HP’s order-to-cash software. I have never seen such a dysfunctional, hyper-political, bloated organization in all my life. They ended up cancelling the project after wasting an untold amount of money.

    That organization is doomed.

  • RapidRay01 .

    I believe it is a ” False Dawn ” as Greenspan stated !
    He should know , being one of the ” Tribal ” members that are about to destroy the Goyim !

  • Adrian

    To quote the title of a previous story, “Ferguson Is A Perfect Example Of How Quickly The Streets Of America Can Descend Into Chaos”. Yes, especially when the militarized police attack journalists and fire into the crowd with rubber bullets and tear gas. I wonder if this will be commented on, considering the lamentation of many libertarians of excessive federal and police powers?

    • Drud

      I, too, read through the comments section of that article and was, for the most part, saddened. Civil unrest incidents are never about race, but about socio-economic conditions, and I will make the argument that these conditions are typically a direct result of State overreach and economic oppression. The Statist argument is that the people must be controlled so that they don’t act in this manner, but I cannot believe that. History shows that truly free societies live with a high degree of peace and prosperity, albeit with a small percentage of people using their liberty as justification for egregious acts. There is no perfect system, but I do believe that a Libertarian society–with a minimal amount of laws enacted to maintain basic order–does the most good for the most people.

      • Adrian

        Again, I completely agree with you: it is less about race but more about socio-economics and the willingness of empowered groups to use it against weaker groups, because they know most of the time they can get away with it.

  • piccadillybabe

    The stock market has lost all its gains for the year. Don’t know too much about 6 sigma events but it sounds like they are a rare and an ominous sign for investors. The economy is slowly getting worse and now we are getting back into Iraq again. Boy, did we create a living *ell for those poor people.
    With the junk bond crash, it does not sound good. We will be creeping along at a snail’s pace for many years to come, better to creep than to crash.

  • Bill

    #15—US military weapons now showing up in StL Louis Co. US military weapons facing US Citizens?

  • freddyfred

    People. Let’s focus on the article. Clearly, war is the most probable. As people groups are crushed under the machine, war becomes more probable. Look at riots in Missouri. When people have nothing to lose, then the elites had better watch out. #1, #2, and #14 folks. Everyone knows the market is a money printing ponzi. So, high inflation. Making it or being crushed. #1 and #2, someting pops on this ponzi and it all goes up in smoke. Should ahve let the fraudsters in the housing bubble receive the payment of their ways; instead of taking down the whole USA financial system. War folks. They’ll start another war before letting this beast die.

  • Dave of OK

    While the problems in America are building, the economic condition of the rest of the world is even worse. This difference will cause America to last a few more months to years longer in this economic dome. Finally when the U.S. dome will shatter, we Americans will be so surprised, because we will not see it coming at all. The rest of the world is watching a slow motion train wreck. We will be completely oblivious. And because of that obliviousness we will go down faster and longer into the depths. Don’t let the dome of stability fool you, we are not going to miss the train wreck

  • DJ4060

    The discussion here is about economic collapse, and all the athiests come out of the woodwork to push their religion. Give us a break.

    • Adrian

      The athiests? How about the religious wackos once again predicting the end of the world? You’re right: it is about the economy, so let’s keep it secular.

  • Anthony

    nothing is as it seems …..

  • haselcheck

    Funny that Saddam protected Christians while Obama does nothing to stop the genocide.

    • Hammerstrike

      Both bushs where in bed with the saudis and hardcore Islam-apologists.

  • brother Tim

    Ok I see its a good discussion on religion I want to say the bible warns of false religion and I would say 90 to 95% of those who call them self Christian religions are false. Because they take up paganism that has been put in religion. If you research the trinity it is not what Christ taught it didn’t come from Jesus. It came from the Roman Emperor Constantin and the Catholic church. It didn’t come from the Christian King Christ Jesus and His disciples. Also Christmas it’s not Jesus birthday it came about also from the Roman Empire they won a war and said it was from the sun god and since than the roman Catholic church used that date December 25th as a day to warship Jesus Christ. Look it up its in the history books. So most churches believe the trinity and celebrate Christmas. These are not true Christian beliefs they come from pagan beliefs. The same thing that goes with people about economics people do the same thing with serving God, they don’t do research, they just believe.

    • Ian

      Please, be careful not to blaspheme the Holy Spirit brother Tim.

      Mark 3:28-29 English Standard Version (ESV)

      28 “Truly, I say to you, all sins will be forgiven the children of man, and whatever blasphemies they utter, 29 but whoever blasphemes against the Holy Spirit never has forgiveness, but is guilty of an eternal sin”

  • brother Tim

    Also when I read the commits here I feel sad. I see a lot of people just say things and really don’t understand what’s going on. People come on here and talk about the people on welfare and disability or some government program. I will never agree with depending on the government if the government was just and did things for the purpose of really helping people. If we had good people representing us. But we don’t governments all over the world are so corrupt for head to toe. To me the only way to fix some of the problems is to look at the leaders that people continue to vote for and the reason why its so corrupt. Also when we learn history just look at slavery they reason slavery work so well is because they put the people against each other. The house slave was against the field slave, it work so good because they house slave had what the master gave them and the field save didn’t get much at all. So that caused a lot of anger and division between the groups. But it worked so good for the rich because the slaves wasn’t paying attention to what they were doing, they were to busy fighting and hating each other. The same system is today we see those who have good jobs and those who don’t and they are at each other throat blaming each other for the problems we have today. Instead of looking at the source of the problem the slave masters, in other words the central banks, big corporations and big governments. We have to see through the head games they play on us. I’ll leave a few facts about corporate welfare.

    Average taxpayers pick up an expensive tab for corporate welfare
    expenditures. Government spending for corporate welfare programs far
    exceeds government spending for social programs.

    Fact: Spending for corporate welfare programs outweighs

    spending for low-income programs by more than three to one: $167

    billion to $51.7 billion (source: Aid for Dependent Corporations,

    from the Corporate Welfare Project and How Much Do We Spend

    on Welfare?, from the Center on Budget and Policy Priorities,

    FY 95 figures)

    Fact: Total federal spending on a safety net for the

    poor costs the average taxpayer about $400 a year, while spending

    on corporate welfare programs costs the same taxpayer about $1400

    a year. (source: CBO figures)

    Corporate welfare programs are protected at the expense

    of the poor and powerless. In the last Congress, spending

    for the needy absorbed the majority of spending cuts, while corporate

    welfare spending was barely touched.

  • brother Tim

    Fact: Over 90% of the budget cuts passed by the last

    Congress cut spending for the poor — programs that ensure food

    for the needy, housing for the homeless, job training for the

    unemployed, community health care for the sick. (source: Center

    on Budget and Policy Priorities, Bearing Most of the Burden,

    1996).

    Fact: Only 3.9% of total federal outlays go to programs

    that solely benefit poor people.

    Welfare programs for corporations do not play by the same

    rules as welfare for people. Welfare benefits for individuals

    and families are limited by strict eligibility requirements and

    time limits, while corporations get corporate welfare benefits

    regardless of wealth or accountability.

    Fact: Individuals and families must demonstrate need

    to receive benefits, while corporations with billions of dollars

    in annual income remain on the federal dole.

    Fact: Most social spending is in the form of discretionary

    spending, which is scrutinized in the annual budget negotiating

    process in Congress; most corporate welfare programs are in the

    form of tax expenditures, which go on and on since they are not

    subject to annual review by Congress.

    We must stop blaming each other and focus on who is causing the problems. Yes it’s wrong for people to depend on government programs all their life but its also wrong for our jobs to be sent away, and jobs being replace by robots and corporate welfare. If we don’t start looking at the source of the problem we will continue to loss our jobs, be drowned in debt and so much more. Lets do our research and find the truth and than and only than we can start to fix the some problems and God can fix all our problems.

  • brother Tim

    Where is my comments????

    • Ian

      I see all seven of them.

  • brother Tim

    I enjoy seeing a discussion about God, I believe people need to talk way more about God. What people have to understand is the bible tells to beware of false teachings. To be blank because there is so much false teachings i’ll say 90 to 95% of Christians religions are false because they put pagan teachings in them. For example most Christian religions believe in the trinity, the trinity is not a bible teaching it came from the emperor Constantin and the Roman Catholic church than later Orthodox and the rest. Jesus never taught a trinity or His disciples. Three gods in one came all the way back from Egyptians, Babylonians and those earlier civilizations. Sorry to tell ya also Christmas it’s from the Roman emperor also the emperor gave December 25th the day to worship the sun god and later the Roman Catholic church used that date for Jesus Christ birth day. Go ahead and ask your church leaders is Jesus birth date in the bible. And beside He or His disciples never recorded celebrating His birth date. To be a true christian you must do the will of God not man. John 1:13 Which were born, not of blood, nor of the will of the flesh, nor of the will of man, but of God.

    • Ian

      You are a christian but don’t believe in the trinity? What about the baptism of the Holy Spirit. Jesus being the Son of God, and God the Father. It’s in my ESV bible, NIV bible, King James Bible. What bible do you read? I’m curious.

    • Guest

      YOU ARE NOT A Christian

    • GSOB

      The Bible identifies three persons who are known (respectively) as…

      the Father–the Son–the Holy Spirit

      Go therefore and make disciples of all the nations, baptizing them in the name of the Father and of the Son and of the Holy Spirit… (Mt 28.19)

      The second of these three persons, the Son, is identified as being Jesus.

      Gen 1:26

      2 Corinthians 13:14

      1 Pet 1:2

      2 Th 2:13

      Titus 3:4-6

      Jude 1:20-21

  • brother Tim

    Also I want to say I feel sorry when I see working class fighting against the working poor or the poor. I don’t believe people should have to depend on the government for much and living off the government all their life. But I’m talking about a good government that represents the people these governments are so corrupt from head to toe. They don’t work for the people only the banks and big business. But this is nothing new slavery work so good for the rich because they were good at class warfare, they knew how to put the poor against the poor. They had the house slave and the field slaves. The house slave got much more benefits then the field slaves. What resulted from class warfare? as long as they was fighting each other the poor wasn’t fighting against the rich. People don’t know the first slave in America were white, they were from Ireland. The British hated people from Ireland and made slave in Britain so when they started America the brought those slave. But that’s a part of history they don’t want us to know, why because it cause class warfare. In the movies its always the black slaves never have a seen a movie with the white slave. That makes the blacks fill they are the only ones that was slaves. But as long as the poor fight against the poor they are happen. Look at some facts and see how the rich get away with stealing so much money while the in house slaves fight against the field slaves.

    Average taxpayers pick up an expensive tab for corporate welfare
    expenditures. Government spending for corporate welfare programs far
    exceeds government spending for social programs.

    Fact: Spending for corporate welfare programs outweighs

    spending for low-income programs by more than three to one: $167

    billion to $51.7 billion (source: Aid for Dependent Corporations,

    from the Corporate Welfare Project and How Much Do We Spend

    on Welfare?, from the Center on Budget and Policy Priorities,

    FY 95 figures)

    Fact: Total federal spending on a safety net for the

    poor costs the average taxpayer about $400 a year, while spending

    on corporate welfare programs costs the same taxpayer about $1400

    a year. (source: CBO figures)

    Corporate welfare programs are protected at the expense

    of the poor and powerless. In the last Congress, spending

    for the needy absorbed the majority of spending cuts, while corporate

    welfare spending was barely touched.

  • brother Tim

    Fact: Over 90% of the budget cuts passed by the last

    Congress cut spending for the poor — programs that ensure food

    for the needy, housing for the homeless, job training for the

    unemployed, community health care for the sick. (source: Center

    on Budget and Policy Priorities, Bearing Most of the Burden,

    1996).

    Fact: Only 3.9% of total federal outlays go to programs

    that solely benefit poor people.

    Welfare programs for corporations do not play by the same

    rules as welfare for people. Welfare benefits for individuals

    and families are limited by strict eligibility requirements and

    time limits, while corporations get corporate welfare benefits

    regardless of wealth or accountability.

    Fact: Individuals and families must demonstrate need

    to receive benefits, while corporations with billions of dollars

    in annual income remain on the federal dole.

    Fact: Most social spending is in the form of discretionary

    spending, which is scrutinized in the annual budget negotiating

    process in Congress; most corporate welfare programs are in the

    form of tax expenditures, which go on and on since they are not

    subject to annual review by Congress.

  • Mondobeyondo

    “Those who do not learn from history are doomed to repeat it”
    — George Santayana

    Looks like we didn’t learn our lesson from 2008. Soooooo…
    guess we’re all in for a remedial course. Fasten your seat belts…

  • Keywee

    Sounds awesome.

  • Joe R.

    These murderous groups like Isis,Al Qaeda,Taliban etc use religion to murder,rape and so on as a really good excuse. They live in miles of land that is sand with crappy shacks as houses. They are dirt poor,they wear these funny looking clothes,the women have to hide their faces, and there is really nothing much to do. It must be very,very,very boring where they are from. Thats there ghetto. Where its very poor there will be murders. But these people are to extreme. That’s there style of doing these horrific acts.Actually they are mad at how they are living. They just get a group of their people willing to do these terrible things. And they are so jealous of the way Americans live. They probably dream all day of having a nice house ,driving a nice car and having hot women. But that will never happen in a zillion years.Enough said my friends.

  • Lynn Johnson

    I wonder what the author proposes we do about the fact that children are going hungry.

    All this talk of supposed “false prosperity”, but I’m not even seeing that. I guess my point of view is biased being that I have been below the poverty level for most of my adult life. Maybe, instead of focusing on a grand work of fiction (like the Bible, or the economy), maybe we should worry about the real needs of people who actually have objective, empirical data to support their existence (unlike YHWH/Jehova/Jesus/Allah/FSM). Like people getting access to food that doesn’t suck, meaningful healthcare, and decent housing. Giving people the path to an actual education that doesn’t perpetuate the myth of debt. Making people the ends of all our actions rather than a means to make more money selling books about pointless prophecy BS.

    Prove your god exists with objective, empirical data. Otherwise, live in reality, and understand the actual needs of people who aren’t in the financial industry.

  • Diana

    They always leave God out of every equation. It should be at the top of the list.
    Do you see? Satan has his little diabolical substitute for a new heaven and a new Earth. It is called the NEW WORLD ORDER. It is mankind’s last desperate attempt to throw Christ off His rightful throne and give it to Satan. It is a clear as day what is going on. It is so simple that few see it. America is in the center of this attempt to destroy every last concept of a Father, A Son and a Holy Ghost. Lucifer is rising. He has a nice smile. He lies all the time. He appears to be totally incompetent, but is not. He has a mission. DESTROY BABYLON. BRING HER DOWN.

    The occult leaders of America are looking for something. It actually is a STAR GATE, also known as a dimensional gate. They have all the answers. They are our space buddies. They want to play marbles with us. Only problem is they play marbles for keeps. We lose, they win, because they know it is totally futile attempt to fix something so broke it cannot be repaired. So if you cannot repair it, simply DESTROY IT. Do you get the drift here?

    It is the same thing with salvation. You cannot fix that which is so broke it cannot be repaired. That which is flesh is flesh, and it cannot be repaired. You cannot take something so rotten and make it fresh. You cannot repair who you are. You cannot fix it, but Jesus can. Seek Him while He may be found. Hence, salvation is yours but you have to ask for it.

  • Arizona

    SEE the BLOOD MOON in texas last week,they always mean blood in the streets……..I’d be scared if I lived in texas,something bad is coming to you here shortly ……….

  • Jay

    Most attacks against Catholicism are unwarranted and have no real historical truth behind the charges. Most wouldn’t hold up in a court of law. Prejudice and stupidity keep the myths going. It’s mostly a generational sin of hatred that keeps the evil fully charged. I think one should worry about one’s own salvation and let God worry about other people’s salvation.

  • europeantribesofnorthamerica

    Silokaa or Servants in Land Once Known as America. Without SNAP cards or welfare half the Country would be begging. Sad state of a once proud Land.

  • horse777res

    Religion’s will not save you! Only JESUS can save you!

  • Cyber Revengeance

    i have been hearing this for 4 years. nothing happened. what makes you think it will happen now.
    even if it happen it would be considered random event.
    Just keep saying market will crash in future and someday in future will come when your prediction will be true. So whats big about it. nothing.

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