The Beginning Of The End
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The Mystery Of The Shemitah

15 Economic Statistics That Just Keep Getting Worse

A little over a week ago, U.S. Treasury Secretary Timothy Geithner penned an article for the New York Times entitled "Welcome To The Recovery" in which he touted the great strides that the U.S. economy was making.  But with unemployment still dangerously high and with foreclosures and personal bankruptcies continuing to set all-time records, should we really be talking about a "recovery"?  The truth is that the numbers don't lie, and statistic after statistic shows that the economic fundamentals continue to get progressively worse.  The U.S. government can continue to try to pump up with economy with more debt, but the reality is that there is not going to be a legitimate "recovery" until consumer spending rebounds.  Consumer spending makes up the vast majority of U.S. GDP.  But without good jobs, consumers are not going to be able to spend money.  Unfortunately, our jobs base continues to be erode as millions upon millions of middle class jobs are shipped over to China, India and dozens of third world nations by the global predator corporations that now dominate the world economy.

The U.S. government cannot create real wealth out of thin air.  It can borrow even more money and flood the economy with even more paper currency, but the short-term "buzz" that creates does absolutely nothing to solve our long-term economic problems.

It is the private sector that actually creates wealth.  But unfortunately, over the last several decades we have allowed that wealth to become highly concentrated.  Now the giant global predator corporations have decided that American workers aren't really that desirable after all.  They are slowly taking away their factories and their offices and they are moving them to where people are willing to work for one-tenth the pay. 

So where does that leave middle class American "consumers"?

Well, it leaves us in a world of hurt.

The following are 15 key economic statistics that just keep getting worse and which reveal the horrific economic plight in which we now find ourselves.... 

1 - The number of Americans who are receiving food stamps rose to a new all-time record of 40.8 million in May.  The number of Americans receiving food stamps has set a new all-time record for 18 months in a row.  But there is every indication that things are going to get even worse.  The U.S. Department of Agriculture projects that the number of Americans on food stamps will increase to 43 million in 2011. 

2 - The U.S. economy lost 131,000 more jobs during the month of July.  But the truth is that the U.S. economy has been bleeding jobs for a long time.  According to one analysis, the United States has lost 10.5 million jobs since 2007.  Meanwhile, immigrants (both legal and illegal) continue to pour into this nation in unprecedented numbers.

3 - Americans who are out of work are finding it incredibly difficult to get back into the workforce.  In the United States today, the average time needed to find a job has risen to an all-time record of 35.2 weeks.

4 - The U.S. government keeps trying to pump up the economy with debt, and in the process things are getting wildly out of control.  According to a U.S. Treasury Department report to Congress, the U.S. national debt will top $13.6 trillion this year and climb to an estimated $19.6 trillion by 2015.

5 - The interest on all of this debt is becoming increasingly oppressive.  As of July 1st, the U.S. government had spent $355 billion so far in 2010 on interest payments to the holders of the national debt.  The total for 2010 should be somewhere in the neighborhood of $700 billion.  According to Erskine Bowles, one of the heads of Barack Obama's national debt commission, the U.S. government will be spending $2 trillion just on interest on the national debt by 2020.  Keep in mind that the entire U.S. government budget is less than $4 trillion for the entire year of 2010.

6 - If the U.S. government was forced to use GAAP accounting principles (like all publicly-traded corporations must), the annual U.S. government budget deficit would be somewhere in the neighborhood of $4 trillion to $5 trillion.

7 - Social Security will pay out more in benefits in 2010 than it receives in payroll taxes.  This was not supposed to happen until at least 2015.  In the years ahead, these new "Social Security deficits" are projected to be absolutely catastrophic

8 - There are simply far too many retirees and not nearly enough workers to support them.  Back in 1950 each retiree's Social Security benefit was paid for by 16 workers.  Today, each retiree's Social Security benefit is paid for by approximately 3.3 workers.  By 2025 it is projected that there will be approximately two workers for each retiree.

9 - Wealth continues to become highly concentrated at the top.  Since 1973, the average CEO’s salary has increased from 26 times the median income to over 300 times the median income.

10 - According to a poll taken in 2009, 61 percent of Americans "always or usually" live paycheck to paycheck.  That was up significantly from 49 percent in 2008 and 43 percent in 2007.

11 - The Mortgage Bankers Association recently announced that more than 10% of all U.S. homeowners with a mortgage had missed at least one mortgage payment during the January to March time period.  That was a new all-time record and represented an increase from 9.1 percent a year ago.

12 - A recent survey of last year's college graduates found that 80 percent moved right back home with their parents after graduation.  That was up substantially from 63 percent in 2006.

13 - During the first quarter of 2010, the total number of loans that are at least three months past due in the United States increased for the 16th consecutive quarter.

14 - The total number of U.S. bank failures passed the 100 mark in July of this year.  In 2009, the total number of U.S. bank failures did not pass the century barrier until October.

15 - The U.S. dollar continues to rapidly decline in value.  An item that cost $20.00 in 1970 would cost you $112.35 today.  An item that cost $20.00 in 1913 would cost you $440.33 today.

Any rational observer (and clearly U.S. Treasury Secretary Timothy Geithner does not qualify) can see that the foundations of the U.S. economy are coming apart.  The rapidly accumulating mountain of debt that has fueled our "prosperity" is impossible to repay and is going to progressively choke the life out of our economic system.  The good jobs that we have allowed to be shipped out of our country are never coming back.  Every single day, more wealth flows out of this country than flows into it.

Anyone who claims that things are getting "better" is either ignorant, completely deluded or is purposely lying. 

The U.S. economy is not getting "better".

The U.S. economy is dying.

You should adjust your plans accordingly.

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  • Save the Republic

    Wake up people! The rich and the politicians don’t care about you, your job, your family, or this country. They only care about your money, and they want it all. Vote independent in every election on every level, and don’t spend any money on anything unnecessary. Let the rich people spend their money to drive the economy (what’s left of it), since they’re the ones who don’t want to pay you a decent enough wage to be able to purchase anything. Let them try selling the stuff you won’t buy to those workers they gave our jobs to instead.

  • bill gates

    dont worry be happy

  • http://none joe

    Wake up people of America, citizens of the world and the children of god!!!

    A hidden banking cartel that collectively runs the federal reserve bank, which is a private off-shore bank is causing all the financial problems in USA today. Today the US governemt doesn’t print it’s own money, but instead loans it from this bank with interest on top – which is nothing short of scandalous, I mean why would the us governemnt with this power give it to a private bank, when it could easily empower itself to print us dollars? This is insane!

    Type illuminati into youtube to find why the governement is doing this and joined the millions that are already awakened to the evil plots that are going on under the American people and world

  • ParLay

    Is a currency event or hyperinflation about to unfold in the U.S.? What happens when no one will loan us anymore money or severely curtails the amount of money they will loan to the U.S.?

    Everyone should watch the latest videos at: http://www.inflation.us

  • http://www.cammather.com Cam Mather

    These are bleak statistics and if you’ve still got a job you should start preparing yourself for tough times. The best way to empower yourself and make yourself more resilient to shocks like job loss is to make yourself more independent. From geothermal heating and cooling systems, to solar domestic hot water heaters, woodstoves and root cellars, there are lots of technologies that can do this. “Thriving During Challenging Times, The Energy, Food and Financial Independence Handbook” provides a roadmap to make yourself better able to deal with whatever the future throws at you.
    http://www.cammather.com/

  • lostinmissouri

    I can say that owning a small business has not been fun for over 2 years now and it is not getting better.
    I am beginning to believe we are all “Bozos” on this bus.

  • El Pollo de Oro

    Some folks refuse to believe me when I say that The Banana Republic of America (formerly the USA) has become a Third World country. They will say, “How can you compare us to Brazil, Mexico, Columbia or Jamaica? Those are poor countries.” But here’s the thing: in Third World countries, you don’t find a total absence of rich people–what you find is extreme wealth at the top, little or no middle class and a dirt-poor majority. There are some really affluent, chi-chi, posh, upscale neighborhoods in Mexico City; some parts of Mexico City look like Beverly Hills with signs in Spanish. But most chilangos (gente de la Ciudad de México, guay) are poor. Similarly, Rio de Janeiro and Sao Paolo have pockets of extreme wealth and a ton of people who are dirt poor. And that is the sort of economic distribution we can expect to see in the BRA, which has joined the Third World thanks to the robber barons’ ruthless destruction of the American middle class. The American Dream is dead, replaced by the harsh new reality that is life in The Banana Republic of America. Will things get Haiti bad or Ethiopia bad in the BRA? Probably not that bad, but the economic distribution in the BRA will definitely be looking a lot like what you find in Brazil or Mexico. The filthy rich will get even richer, while the BRA’s former middle class becomes the neo-poor.

    This is not “the world’s last, best hope” or whatever nonsense Bill Bennett and other neocons are spewing. It is a Third World banana republic with a grim future.

    Oh, and get ready for Latin America-ish crime rates and a lot of violent kidnappings, coming soon to a Chicago or a Philadelphia near you. In the words of Gerald Celente: “when people lose everything and have nothing left to lose, they lose it.”

  • Mr Carpenter

    The overall situation is becoming critical, because it is even now in “mainstream” (lame-stream) media, today.

    http://www.cnbc.com/id/38654017

    http://www.bloomberg.com/news/2010-08-11/u-s-is-bankrupt-and-we-don-t-even-know-commentary-by-laurence-kotlikoff.html

    To paraphrase the Chinese curse, we live in interesting times.

  • http://FlusterCucked.blogspot.com Frank the Underemployed Professional

    Now the giant global predator corporations have decided that American workers aren’t really that desirable after all. They are slowly taking away their factories and their offices and they are moving them to where people are willing to work for one-tenth the pay.

    Note that our politicians are doing absolutely nothing to address this problem. In fact, they won’t even acknowledge it. Instead they are focusing on education. They are claiming that more and better higher education (for non-existent job positions) will magically solve our nation’s economic problems. Unfortunately the sheeple just gobble it up.

    It’s much easier to assuage an angry and terrified public with touchy-feely, warm-and-fuzzy proposals to improve education than it is to advocate something that will anger the rich–such as ending foreign outsourcing, the H-1B and L-1 visas, or mass immigration.

    I think that Americans will become accustomed to mass poverty, slave wages, and a third world standard of living over time. This is what the upper classes have in mind for us. Eventually the middle class will almost disappear and widespread poverty will become the norm as a result of decades of Global Labor Arbitrage, but no one will complain because they will just passively accept it as the natural way of the world.

  • Voted

    Despite what is and can be said about eastern Europe, the economy is doing great. I’ve never had this number of job offers EVER in the USA. So far I haven’t regretted my decision to move my family overseas.

  • Allison Quinlan

    Stick a fork in it! We are so done!
    Take care of your families!
    God help us…

  • http://www.internationalrealestatelistings.com/Country/Costa_Rica Taylor White, PHD

    Its crazy to think that about 41 million people – out of just over 300 million – are getting food stamps.

    Welfare nation r us.

  • markytom

    Here are some more graphs that show just how wonderful the recovery is going. They are on mall, office, and lodging investments. Terrible.

  • Terry

    This isn’t mismanagement or government blundering. This is a carefully executed economic attack on the middle class. It’s a variant of the same tactics the wealthy criminal class used to extract the wealth from Argentina (and a multitude of other 2nd and 3rd world countries). They’ve turned their sights on us now and are pulling the strings of the the federal government to execute their plan. Buckle-up Bonzo – it’s gonna get real bumpy, real soon.

  • sharonsj

    Interesting that the IMF says the U.S. is bankrupt. And some economists are finally describing the situation as a depression.

    But what do we get? The media still says we are in recovery. And we get plenty of articles by rich, white guys telling us the solution is to take benefits away from the elderly, the disabled, widows and orphans. And don’t forget to cut back on food stamps.

    Not a word about the banksters and fraud on Wall Street who get free money from the Fed–and then they turn around and lend it back to us at 25% interest.

    Not a word about price inflation either. My income hasn’t changed in two years, but my cost of living keeps going up. All I hear about locally are more home owners who cannot pay the school and property taxes and who will be homeless soon (and these are people who are still employed).

    I see there was finally a riot in Atlanta over state-sponsored housing–30,000 people showed up for 13,000 applications. I guess food riots will be next.

  • Not so Mad Max

    Little Timmy and the rest of the Dimwits in DC cannot tell the truth. As I have been harping about this will only get worse the last “Boom” after the tech crash was powered by rising home prices people got into hock took money out as their homes rose in value bought boats, cars, crap from China, paid off credit cards only to run them up again. Why do you think these guys have been trying to boost home prices?

    Go to Realty Track and put in your zip code you’ll be amazed at the amount of homes either in Pre Foreclosure in Foreclosure, or are Bank Owned. Nobody is buying because anybody with a brain is socking money away, and paying off debt as fast as they can. Anybody without a brain is eye deep in hock sitting in their backyard waiting for Helicopter Ben to fly over and start dumping money.

    The Tax System needs to reward productivity in the United States, punish jobs being shipped overseas, DC need to live with in it’s means, people need to become more self reliant, Illegal Foreign Nationals need to go home anybody who hires them needs to be put in jail, and this right left madness has to end.

    I seriously doubt the above will happen so a paraphrase Ben Franklin we’ll hang together, and it will not be pretty in the short or medium run.

  • ehswan

    A hundred years ago teachers had meals at the houses of their students, doctors got paid with eggs, people shared rides, there was no “middle class” whatever that means. People bartered and relied on each other to survive. They had more time for each other and were as happy or happier than we are.

  • dude

    As long as we continue to punish the productive and reward the non productive by incentivizing idleness we will continue to lose our way. America was not built by redsitributionists. There is an elite 15 to 20 percent that have really done all the hardwork to put America at the top. We have always rewarded hard work and success very well. However now we vilify “rich” people and laughingly consider rich to start at 200,000 per year. The productive and ambitious moved to america to start new businesses and work their way to the top. Now the productive and ambitious look to Asia, because strangely communist china is now more capitalist and pro-market than we are. We allow politicians to vilify hardworking people and essentially bribe poor people to vote with promised goodies from the government funded by the “rich oppressors.” Our Asian friends have really learned the lesson of free markets and personal responsibility as well as the importance of rewarding people who take risks and build businesses. We “rich” people do have options when you vilify us and try to take our money that we have worked hard for. We won’t spend it in America. We won’t invest in businesses here in America. We won’t create jobs for the resentful who begrudge our success. Capital is moving to Asia where it is respected and rewarded. America is over if you continue this class war rhetoric and vilify people like me who aren’t rich but work hard for a measly 200,000 per year. We will not stand idly while you try to take our money. We will quit working so hard and pull a John Galt on you, or we will take our money and invest it in jobs and businesses in Asia if you keep on trying to thieve from us. Don’t you dare lump me with “the rich” merely because I have worked hard to achieve a decent income, a paltry income by the standards of the truly rich. I started off lower middle class. The rest of you could do it to if you worked as hard as me. go make your own money and quit justifying thievery.

  • John Galt

    The solution is simple: A tax holiday for small- and medium-sized businesses.

    Think about it.

  • Joe in JT

    I once watched a man on TV start his own company. He was sharp, excited and ready to start producing his product. After all the hoopla the man exclaimed “I can’t wait to move it all to China”.
    If this is how American businessmen think today, we really are doomed.

  • Joe in JT

    I went to Wal-Mart today, what a zoo. They had 2 good looking older ladies trying to get people to sign some petition. It was a petition for building a new Super Wal-Mart. They had colorful pictures of fruit and food on a tripod, everyone was happy, happy, happy, like those stupid pill commercials on the CBS news at 6:30 pm. where everyone is dancing and smiling as long as you’re taking your purple pill. Anyway, I was thinking. Can you imagine Wal-Mart’s crappy food from China infiltrating your community and putting out of business the three other supermarkets that compete with each other. I tried Wal-marts frozen food once and it made me sick. Can you imagine having to eat their so called fresh chicken and beef from China? I’m getting sick just thinking about it. I hope the petition fails.

  • jamie

    I now am really starting to think whether an economic recovery is coming.

    Have a look at this guys video. He is from OZ & called the market crash back in 2008, and has been spot on since day one. Everyone was laughing at him, but guess who is having the last laugh now…hmmm his video at :-

    http://www.youtube.com/watch?v=gn6kS4l2yFM

  • Seer

    “As long as we continue to punish the productive and reward the non productive by incentivizing idleness we will continue to lose our way. America was not built by redsitributionists. There is an elite 15 to 20 percent that have really done all the hardwork to put America at the top”

    Are you on drugs? Did you miss the slavery in the South? How about the near-slavery of the Chinese to build the railroads on the West coast?

    Is it about work? Well, duh! But… the FACT is that the OVERWHELMING majority of work is brought to these elites via cheap, once abundant energy. Toss in automation, and there’s your “hard work” of today!

    Like all empires built on unsustainable resources, this one too will perish. And the real culprit, which the elites don’t want to enunciate, is dwindling resources.

    NOTE: don’t bother with any silly rebuttal about how technology will overcome all these issues. First, technology brought us automation, which REDUCES the need for human labor, i.e. higher rates of unemployed; second, technology is no more than a recipe, for without the actual ingredients (physical resources [care to guess why “rare earth minerals” are called such? and that’s what technology’s new recipes are increasingly calling for) it’s useless.

  • Lobo

    @dude:
    Is that you, Lloyd?

  • bandv

    Heres a piece on the tea party and the sad ending to Peter Schiff’s senate run.

    http://vinceseconomicblog.wordpress.com/2010/08/11/mainstream-media-hijacking-tea-party-movement/

  • bob

    The more rich parasites get richer, the more workers get poorer. That is capitalism. Power of the capitalists, power of the rich.

  • jimmy

    I read something about the illuminati conspiring to cause this crash, and bankers extracting wealth from the middle class. These are great hollywood movie plots, but the reality is that the U.S chosen natural resource of choice – crude oil, is no longer $20 a barrel, and probably never will be again. This has lead to almost a textbook example of what joesph tainter describes in ‘collpase of complex civilisations’

    The only practical solution the USA can apply now is hemp farming for food, fuel and fibre, which could soften the decline short term, and provide medium to long term growth.

    Tactically, one has to accept that most people in the USA, western europe will face economic, social, infrastructure disruption or breakdown in the next 6 months. I have spent 2 years preparing but my best advice is this:

    remember the sodis method, then you will always have drinkable water – the most valuable commodity for any species – http://www.sodis.ch/index_EN

    Buy 20kg of hemp seeds, if hard times hit, you (and family) can eat them and stay healthy, and if the government isn’t around, plant the seeds to grow fuel for fire, seed for food and fibre for clothes. If you use the seed to feed horses you have transport too.

    Its a real bum deal, but i think our populatiosn are too big, too slow to react and too corrupt to reform themselves, so its best to get back to basics and protect yourself.

    At the end of the roman empire, people got healthier and escaped oppression, i’ll buy that for a dollar!

  • Grumpy

    @dude –

    I’ve never heard anyone ‘vilify’ rich people who work hard and build a better life for themselves. There’s a real difference between people like you and the top 1% of income ‘earners’ who take (not earn) their wealth via cronyism. Even what little you’ve scraped together (though it may be more than the average Joe-6-pack has) will end up being transferred to that top 1% via increased taxation, inflation, and regulation. There is truly no financial safe haven left for you in the western world.

    The ‘rest of us’ aren’t looking for a handout on your dime. We want responsible government that doesn’t create or prop up ‘too big to fail’ industries, a financial system based on sound monetary policy AND sound money (gold and/or silver-backed currency), and prosecution of the criminality that pervades both the government and financial sectors of the western world (and the US in particular). These are the only conditions that can support economic prosperity for those who seek it.

  • Gary

    Dude-we need to tax the rich and spread the wealth. Obama got it exactly correct when he said this to that dolt joe the plumber. There is WAY too much wealth in WAY too few hands.

    The deck is so stacked against one getting ahead by “hard work” that this “work hard get ahead” is largely not true. The best indicator of how a young person will do in life is the wealth of their parents.

    Dude-I am willing to bet that you do not work any harder than me-have you ever heard of luck-This has been shown to be another major reason some people are successful and others are not. Dude-if I had your opportunities I would also be rich-and yes making over 200,000 per year is fabulously wealthy. I would trade my left arm to make 1/2 that. I can only dream of how making that much would improve the quality of my families life. All that is out there is low pay crap service jobs. Maybe in your circle things are better.

    The posters who said we are a banana republic are exactly correct.

    Yes there are some lazy slugs but they are a tiny sliver of folks.

    The new mantra is “work hard get paid little get laid off and become poor”

    Dude-I have no problem taxing the heck out of folks making 200,000 and above. Come with me to the food pantry next week and you will see how rich you are.

  • wake up

    Well America, get ready for an increasingly lower standard of living. Our Country and our Constitution as we once knew them are dead.

  • ray

    Sarah Palin in 2012!!!!

    Glenn Beck, Shawn Hannity, Fox News and the Tea Party all tell me she can save us all!

  • lostinbelfast

    speaking from over in rainy britain were are in the same boat guys. ive run my business for 15 years and in the last three have lost about 60% of my work.

    i hope you yanks ar ok we brits stand with you.

  • Just Mary

    Hey Americans if you are looking for someone to blame just look into a mirror. For decades you watched the debt go to trillions and 40 million illegal aliens invade you country. Go ahead and reelect John McCain, Barbra Boxer, Harry Reid. See where it will get you. WHEN INJUSTICE BECOMES LAW, RESISTANCE BECOMES DUTY

  • markUS

    The Global Banksters are destroying the dollar deliberately in order to force us to a global currency…How can’t you people understand this? Public School? TV?

  • Sara Mills

    If you believe in “Luck” then you are mentally incompetent and deserve to be enslaved by the retarded parasite voters and their violent psychopaths in DC.

  • Gil

    The question is how far do people expect the U.S. economy fall? Until the U.S. is a third-world country with people sneaking into Mexico in hope for a better life sending money back to their poor relatives? Until the U.S. is just like Africa ruled by two-bit dictators and clan warfare? Would some here believe when the New Horizons probe sends back data from Pluto in 2016 there will no one listening because the U.S. is nothing but subsistence farmers trying to protect what little they have from marauders?

  • flek

    Most importantly we should dismantle the ‘public school system’ it is a failure!
    We must educate our next generations to shake the freaky infective EU socialist disease once and for all.
    Ending the mafia/narco-dealing Fed and returning to a non interest bearing currency is the first cattle prod to contain the federal government. Tell BIS in Geneva, and City of London to hang themselves.
    Next in line is the mafia IRS. They are illegal and they know it. Dismantle by refusing cooperation across the country.
    Demanding the plug be pulled. The stealing has to stop..now!
    Stop giving out any money to foreign aid.
    If people don’t like their government, let them change it at home. Want to help foreign peoples, pass a hat around, but stop stealing my money..especially to give to countries to buy weapons and wage war.
    Dissolve any and all unconstitutional government programs..including social security, medicare, and a standing army.
    Stop all wars for foreign governments. Imagine what we could do by dismantling the military industrial complex! What money would be available!
    Secure the borer, and welcome legal immigration.
    Rebuild the manufacturing base! Get up off our collective asses, and rebuild the country and dare the mafia narco-dealing government in DC to stop us!
    Either we follow the constitution or we fail as a constitutionally controlled republic and descend into a fascist/corporatist police state.

  • Godfrey

    The perceived “left” and “right” must unite. Wake up! The State isn’t a paternal benevolent entity that loves you. It is a looting killing machine run by narcissistic sociopaths!

  • boo boo bear

    Why should I fund my own destruction?

  • John Reading

    It doesn’t matter how bad things get. The masses will forever believe in faith and authority and faith in authority. The ruling class knows that. They control the schools, the media and money supply because our grandparents gave it all away long ago. They’ve taken over the drugging and medication of the masses. The reason so many people are now seeing it is that it no longer needs to be kept hidden because it is too late. The masses are obese and addicted to TV. They will do nothing except go to the polls and vote for their team incumbants. Their faith and love for authority is now a form of insanity. They will pray to their invisible gods and vote for more government to fix the probelm of too much government. This is not new. It is all of human history.

  • Hugh

    What a terrific summary. #15 is one of my favorites.

    I would only offer that in #6 the future conditional tense, “would be”, be changed to “is”, noting the difference as one of the many lies of Big Intrusive Government

  • http://1776solution.blogspot.com Republicae

    What is free market capitalism? It is certainly nothing like what we witness today which resembles more of an official corporatism than actual capitalism. The first principle of capitalism is the Right of Private Property; it is the foundation, in fact of all other Rights, for without it the individual is at the mercy of superior power.

    Capitalism, under a truly free market economy, rest upon the foundation that the individual holds complete and absolute ownership Rights over his person and from that ownership flows the Right of Private Property. Each of us is our own Private Property and the government holds no title to any portion of our persons or our property. Under a system of free market capitalism each person is free to create the world in which he lives, along with that freedom however, comes the responsibility of the world you create for yourself.

    Any form of intervention, whether it be from the government or any other force is contrary to the most basic principles from which capitalism is structured. Any initiation against these principles is aggression, whether it is achieved through actual physical force or even the coercive threat of force or penalty. The system of free market capitalism is a totally based on the voluntary actions of each member of society in mutually beneficial relationships to provide the greatest return on the energy exerted by both parties involved in any given transaction. Capitalism is not dog eat dog, quite the contrary, it is a mutually beneficial contract of action and exchange.

    Since the 1860’s, we have been living under a gradual system of official corporatism, it has grown to the point that capitalism, as we see, is nothing more than a by-word, a catch-all for the problems that the government and its corporate privileged class. Indeed, there has been a very real and powerful “Caste System” that has been created through this Socialistic Corporatism that this government has coddled through the years. It Must End!

    There is but one legitimate means for any individual, or company or corporation to accomplish the goals of prosperity and that is through the economic free market principles of capitalism, which both supports and is supported by the sound foundational principle of Individual Liberty!

    The secret of prosperity is to provide the greatest value to your own individual activities so you can, in turn, place the greatest value on the activities of others. These cooperative and voluntary relationships induce productive gains for all parties concerned, and it is the working gears of the free market exchange.

    I firmly believe that all men [generically speaking] are created equal, but that opportunity is an individual initiative which requires complete responsibility for ones actions and the consequences of those actions. A person can become adept in wisdom, and just in his dealings with others, especially in business or on the job, when he is able to judge his own behavior in an honest way based solely upon his the responsibility he takes for his own actions. It is sobering indeed to see yourself reflected in the mirror of self-ownership.

    Additionally, I also believe that free market capitalism is the instrument that would provide each of us an environment to develop virtues that cannot be possible under any other economic system. I say that because, contrary to the common portrayal of free-market capitalism, it can allow the individual to advance himself and his goals only by furthering the goals of other individuals around him without coercion, without violence or compulsion. Competition is a great character builder, not only in terms of business, but in personal terms. True free-market capitalism provides the necessary components to develop a prudent circumspect for ones own actions and how those actions affect the lives of others.

    Capitalism, in its purest free-market form, provides the greatest ability to combat the forces of authoritarianism, totalitarianism and even nationalism than any other form of economics, is it therefore, any surprise that there are so many voices against the principles of free-market capitalism?

  • Nunya Bizness

    Don’t listen to ‘Mr. ParLay’, or better known as George4Title. He is a scare-monger who thrives on your fears and insecurities. Then, he resorts to e-begging to support his site or his so-called good investments. He has been proven time an time again on YouTube that he is nothing but a scammer. AVOID him and his websites at all costs for the good of your wallets and valuable time.

  • Roger A. Huddleston

    People have the inherent and inalienable right to form their own governments. We the People must SECEDE from the US government, which is wholly owned by global banksters, and set up private banks and precious metals based currencies. The drunk on greed globalists and our own government have declared war on us. We can defeat them without violence. SECEDE SECEDE SECEDE

  • waiting

    Blah, blah, blah, THEY will keep doing what THEY do to us and as long as all we do is write letters, post blogs, call, or join some group (TP) THEY will not stop. Our founding fathers finally got fed up with THEM and did something about it. Until we do, NOTHING WILL CHANGE.

  • http://blogfirstrider.blogspot.com/ Adam

    The U.S. is not and can not go bankrupt.
    The US dollar is not convertible and all its debt are in US dollar. We may eventualy get inflation but no bankrupcy.

  • Sammy

    Bombing foreigners isn’t free, I read somewhere that people in Iraq, Vietnam & other countries saying that karma will come back to haunt the people of the US, we have bombed people out of their homes and now we are losing ours

  • Keith Graham

    America’s symptoms are economic, social, and civil. America’s disease is spiritual.

    People of God: read, believe, meditate on, and ACT on 2 Chronicles 7:14.

    Lead the way…show your neighbors what repentance and faith are all about. Our Creator and Judge WILL help us. He is full of mercy and grace and He is mighty to save.

    1 Samuel 2:30 – “…those who honor Me I will honor, and those who despise Me shall be lightly esteemed.”

  • John Reading

    What is suggested will not work and it is illegal to suggest what will work. The ruling class long ago decided that law trumps morality. Their victims now agree.

  • http://none Karl

    I hope everyone is preparing for the population ‘correction’ aka die off. Yes to wood burning stoves. Yes to root cellars! Mitigating Factor: no more traffic congestion.

  • http://www.MonteCristoRecords.com James

    To Frank the Unemployed Professional:
    This will go on as long as professional football teams are still fully mobilized. Once this stops, the masses will no longer have something to long/live for (the coming season and all of its triumphs, defeats, intrigues, color commentary, etc). It is really hard to resist. Kind of like “Bread and Circus” back in the Roman times.

  • hungry4food

    The difference between the First Great Depression and the one we are entering into now is…….. before it was due to a lack of technology that could expand the capacity to harness available resources the earth had to expand the supply , creating an abundance that would give more people a greater quality of life , thus a greater freedom of prosperity , wage growth , and a sustainable expansion of the financial sector for expansion in its reserves yet to be tapped ,,,,,,,,,, but this time its and exact opposite thats developing right before our eyes ……….

    http://www.marketskeptics.com/2010/04/time-water-running-out-for-americas.html

    http://www.notcot.com/archives/2010/03/water_our_thirsty_world.php

    http://news.nationalgeographic.com/news/2010/05/100505-fossil-water-radioactive-science-environment/

    http://www.aolnews.com/earth-day/article/time-water-running-out-for-ogallala-americas-biggest-aquifer/19446923

    http://www.youtube.com/view_play_list?p=6A1FD147A45EF50D – This is a 8 part video that a well Known professor describes the issue of finite theory in earths carrying capacity .

    Now the next question is do we lose our independence as Government consolidates our Liberty in the face of this Threat , and we the people lose our voice in this debate over if we choose to try and innovate our way out of this or consolidate and eugenically try and neutrallize the situation , and who goes first ??
    http://www.onenewsnow.com/Perspectives/Default.aspx?id=1123236
    The bureaucrats behind Obama’s “Great Outdoors Initiative” plan on wrapping up their public comment solicitation by November 15. The initiative’s taxpayer-funded website , http://ideas.usda.gov/ago/ideas.nsf , has been dominated by left-wing environmental activists proposing human population reduction, private property confiscation, and gun bans, hunting bans, and vehicle bans in national parks. It’s time for private property owners to send their own loud, clear message to the land-hungry feds: Take a hike.
    Obama Taking Your Water and Your Land: Great Outdoor Land Grab Initiative Underway

    http://maggiesnotebook.blogspot.com/2010/08/obama-taking-your-water-and-your-land.html

    What is Going on in the Links above is just more of the Plan to Consolidate YOUR LIFE !!!!!
    I know its hard to believe but do your own research on Overpopulation and see what the Internationalists are talking about , it ain’t pretty and you and me sheep are not a favored species .

    http://economix.blogs.nytimes.com/2010/07/26/armageddon-wars-overpopulation-vs-global-warming/?src=busln

    http://www.metacafe.com/watch/621146/cia_predicts_the_future_2015_overpopulation/

    http://www.youtube.com/watch?v=xqAGasF6Hfo&feature=player_embedded – Bill gates wants population control

  • David

    hey DUDE this is aimed at YOU find me a job where i can make 200k a year and i will GLADLY work 24 hours until then shut your trap you are part of the problem not the solution! your “answer” is the reason for this mess 200k is not rich but youre alot better off then the 40% on food stamps you wanna cookie for doing what you should do? work hard and you get paid thats the bottom line good for you! the days of having a great job getting mad and quitting to go down the street to another great job are over. What reality do you live in man?

  • jimmy

    Regrowing hemp will provide for everyone, at the local leavel at least. If thousands or millions of people demand licences to grow hemp, the law has to change, and a new source of growth become apparent.

    With fossil fuels, most of the western world has climbed a big tree very quickly,Unless hemp is brought back to the fold and fast, its going to be a case of ‘when the tree falls, the monkeys scatter’

  • http://www.youtube.com/user/RepublicConstitution?feature=mhum#p/c/FA90DC0AB909AF88/5/DyFqIvXza-g RepublicConstitution

    We are in the midst of a disaster brought about by the corrupt Federal Reserve.

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