The Beginning Of The End
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17 Facts To Show To Anyone That Believes That The U.S. Economy Is Just Fine

17No, the economy is most definitely not “recovering”.  Despite what you may hear from the politicians and from the mainstream media, the truth is that the U.S. economy is in far worse shape than it was prior to the last recession.  In fact, we are still pretty much where we were at when the last recession finally ended.  When the financial crisis of 2008 struck, it took us down to a much lower level economically.  Thankfully, things have at least stabilized at this much lower level.  For example, the percentage of working age Americans that are employed has stayed remarkably flat for the past four years.  We should be grateful that things have not continued to get even worse.  It is almost as if someone has hit the “pause button” on the U.S. economy.  But things are definitely not getting better, and there are a whole host of signs that this bubble of false stability will soon come to an end and that our economic decline will accelerate once again.  The following are 17 facts to show to anyone that believes that the U.S. economy is just fine…

#1 The homeownership rate in the United States has dropped to the lowest level in 19 years.

#2 Consumer spending for durable goods has dropped by 3.23 percent since November.  This is a clear sign that an economic slowdown is ahead.

#3 Major retailers are closing stores at the fastest pace that we have seen since the collapse of Lehman Brothers.

#4 According to the Bureau of Labor Statistics, 20 percent of all families in the United States do not have a single member that is employed.  That means that one out of every five families in the entire country is completely unemployed.

#5 There are 1.3 million fewer jobs in the U.S. economy than when the last recession began in December 2007.  Meanwhile, our population has continued to grow steadily since that time.

#6 According to a new report from the National Employment Law Project, the quality of the jobs that have been “created” since the end of the last recession does not match the quality of the jobs lost during the last recession…

  • Lower-wage industries constituted 22 percent of recession losses, but 44 percent of recovery growth.
  • Mid-wage industries constituted 37 percent of recession losses, but only 26 percent of recovery growth.
  • Higher-wage industries constituted 41 percent of recession losses, and 30 percent of recovery growth.

#7 After adjusting for inflation, men who work full-time in America today make less money than men who worked full-time in America 40 years ago.

#8 It is hard to believe, but 62 percent of all Americans make $20 or less an hour at this point.

#9 Nine of the top ten occupations in the U.S. pay an average wage of less than $35,000 a year.

#10 The middle class in Canada now makes more money than the middle class in the United States does.

#11 According to one recent study, 40 percent of all Americans could not come up with $2000 right now even if there was a major emergency.

#12 Less than one out of every four Americans has enough money put away to cover six months of expenses if there was a job loss or major emergency.

#13 An astounding 56 percent of all Americans have subprime credit in 2014.

#14 As I wrote about the other day, there are now 49 million Americans that are dealing with food insecurity.

#15 Ten years ago, the number of women in the U.S. that had jobs outnumbered the number of women in the U.S. on food stamps by more than a 2 to 1 margin.  But now the number of women in the U.S. on food stamps actually exceeds the number of women that have jobs.

#16 69 percent of the federal budget is spent either on entitlements or on welfare programs.

#17 The number of Americans receiving benefits from the federal government each month exceeds the number of full-time workers in the private sector by more than 60 million.

Taken individually, those numbers are quite remarkable.

Taken collectively, they are absolutely breathtaking.

Yes, things have been improving for the wealthy for the last several years.  The stock market has soared to new record highs and real estate prices in the Hamptons have skyrocketed to unprecedented heights.

But that is not the real economy.  In the real economy, the middle class is being squeezed out of existence.  The quality of our jobs is declining and prices just keep rising.  This reality was reflected quite well in a comment that one of my readers left on one of my recent articles

It is getting worse each passing month. The food bank I help out, has barely squeaked by the last 3 months. Donors are having to pull back, to take care of their own families. Wages down, prices up, simple math tells you we can not hold out much longer. Things are going up so fast, you have to adopt a new way of thinking. Example I just had to put new tires on my truck. Normally I would have tried to get by to next winter. But with the way prices are moving, I decide to get them while I could still afford them. It is the same way with food. I see nothing that will stop the upward trend for quite a while. So if you have a little money, and the space, buy it while you can afford it. And never forget, there will be some people worse off than you. Help them if you can.

And the false stock bubble that the wealthy are enjoying right now will not last that much longer.  It is an artificial bubble that has been pumped up by unprecedented money printing by the Federal Reserve, and like all bubbles that the Fed creates, it will eventually burst.

None of the long-term trends that are systematically destroying our economy have been addressed, and none of our major economic problems have been fixed.  In fact, as I showed in this recent article, we are actually in far worse shape than we were just prior to the last major financial crisis.

Let us hope that this current bubble of false stability lasts for as long as possible.

That is what I am hoping for.

But let us not be deceived into thinking that it is permanent.

It will soon burst, and then the real pain will begin.

  • GSOB

    You See Me Now A Veteran Of A Thousand Physic Wars.

    Don’t let these shakes go on.
    It’s time we had a break from it.

    • jaxon64

      All the scars are on the inside…
      I’m not sure if there’s anything left of me…
      BOC -inspired by Michael Moorcocks Elric saga..great stuff and my favorite song they wrote

      • GSOB

        … the drumming is a pleasure.

  • Josh

    This article speaks the truth. The economy is in terrible shape and inequality is only supposed to get worse according to nobel economist such as Robert Shilling. Dark times are ahead for world economy. I’m only in early 20s and I know stock market is in a bubble. I like that Michael writes about moral problems in America as well. I am troubled by my generation, we were raised by baby boomers after all.

    • Mondobeyondo

      Yes, of course it is a bubble. There’s always another bubble. The housing bubble got bigger and bigger in the mid-2000’s. So did the stock market bubble. They both popped in 2008. They’ve both being reinflated. It will happen again. 2015? Maybe, but I don’t know. My crystal ball is broken.
      We never learn our lessons.

  • Tim

    There is a Caterpillar plant just a few miles from where I live. Today they announced that they’re closing up shop and moving out of state with a loss of over 500 manufacturing jobs!

    Though many companies are investing in this area and creating jobs, we’re also losing jobs so I don’t know if we’re really getting ahead.

  • Rodster

    A recent article which was posted on King World News goes on to show that the World is teetering on a resource management crisis. That includes Oil, Clean Water, Food. In the future we can expect Wars to breakout as Nations fight for dwindling resources around the Globe.

    In the end, the economies of the World will be the least of our problems.

    • willkes

      The problem with that is… resources are not teetering. We have plenty of fuel, of almost every kind, but they/government won’t let it be developed. Any developing going on right now is all private.

      As for food… We have plenty of land for growing food, again the government pays these companies not to grow food.

      Clean water ? They can make drinkable water out of the ocean if they want to, we actually have the technology to do that. All these things are easy fixes… But not with the government we have right now. Frankly, I’m not sure anyone else would do much better. But, I have to hope so.

      • Gene Baugh BBA

        The rate of growth in the world population will overwhelm the planet.
        I am old enough to have an appreciation for how much the US population has grown in my lifetime.
        Energy:
        Humans will end up using every last drop of oil on the planet and I believe it will come from Federal land in the US. And I believe the government will use it in defending the US from the rest of the oil depleted masses on this planet. It is only a matter of “How many generations? “, until the earth reaches that point.
        Water:
        Easy to do with a home chemistry kit. Try irrigating all of California that way. Note this process is also energy intensive.
        Food:
        Increases in crop yield are getting smaller. Even with the genetically modified higher yielding strains of plants. Then there is the water problem again. I feel ya on the subsidies but if farming were not profitable no one would farm.
        The economic malaise we are currently suffering is a minor problem that will pass. There are far more challenging issues that man will have to face in future generations.

        • willkes

          The oil on this planet right now will last for a very long time, hundreds of years. Long enough to come up with something else, or make what we already have, solar, wind and so on more cost effective so as to be an actual solution. It will happen, we’re just not there yet, but in the mean time we have plenty of energy.

          Same with the water, California has problems because their politicians made problems, all over some fish, of course now with the drought people might wake up, and start voting for their own best interest and not some ridiculous fish, but I’m not holding out a lot of hope there. That said they are right next to the ocean, they should be able to figure it out.

          As for land for food, we have plenty of land for food, when it has to be used again to grow, it will be. We have soooooo much untapped land in this country, we don’t grow more at the moment because the government pays these corporations and farmers, not to grow it.

          We have resources to last for many generations to come, it’s all a matter of utilizing them. It can be done with little harm, if any to the environment.

          • Rodster

            No there is NOT enough oil on this planet. If there is plentiful oil why are we FRACKING? Why is Europe, fracking, why is Saudi Arabi considering fracking? Because there isn’t enough CHEAP oil left. The EROI is terrible for fracking. Those sites dry up quickly which also require millions upon millions of gallons of clean water which is also in short supply.

            It’s projected China will require 85 MB of oil per day and the world produces 93 MB per day. Do the math because yours is not adding up. There isn’t enough alternative energy to pickup the slack to keep this industrial system going.

          • willkes

            Oh, I didn’t know fracking was off the table. BECAUSE it’s not !!

          • Gay Veteran

            yeah, let’s pollute our water with yet more fracking

          • willkes

            As far as I know fracking is considered pretty safe.

          • PotHead69

            Nope, may want to do some more researcg

          • Gay Veteran

            true, if you ignore the polluted water and the earthquakes

          • willkes

            Could you tell me where this has happened ? I live in an area where they frack, and there have been no water problems, and certainly no earthquakes. So I’d be interested to know what they have found. .

          • Gay Veteran

            Google it.
            There was even a documentary on the water pollution.

          • willkes

            I’m sure I could find lots of things if I googled it, all lefty bs too. It’s still never been proven, because if it had, they wouldn’t be able to do it, especially in this administration.

          • Gay Veteran

            ROFLOL, like Big Oil doesn’t control government

          • willkes

            Not this administration, they couldn’t care less what we all have to pay for gas, and electricity.

          • Gay Veteran

            TPTB don’t care what we have to pay for gas, and electricity.

          • willkes

            Yes, but this administration, is what we are stuck with at the moment. Maybe next time we will do better.

          • Gay Veteran

            nope, we are given the illusion of choice

          • willkes

            I disagree. If given the choice between Jeb and Hill, then I can agree there is no difference. However, I don’t think Hill will run and I don’t think Jeb will win. We can do better, I just have to believe that.

          • Drud

            The EROEI is the key value and it is decline. The amount of oil is incidental. Humanity will never use every last drop because a large percentage of oil has a negative EROEI. Alternative sources are of course always in play, but it will have to be something more exotic than solar or wind if we keep using energy the way we are currently, be that Thorium Fission, Fusion, or Zero Point Energy, all decades away from production. Ultimately, I believe we will have a collapse around lost EROEI and it may plunge the entire world into low energy consumption for decades., only then will society to be forced to figure out new ways of doing things.

          • Gay Veteran

            “The oil on this planet right now will last for a very long time, hundreds of years…..”
            and how much will it cost to extract?
            will you use a barrel of oil extracting a barrel of oil?

          • willkes

            Sorry, I have no problem with fracking. If fracking makes us independent, energy wise, I’m all for it. Isn’t that better than depending on countries that hate us ? THAT’S what I want to stop. Being beholden to countries that hate us, and abuse women is not in our best interest.

          • Gay Veteran

            that’s one of the problems, fracking won’t make us energy independent.
            Chinese are investing heavily in thorium reactors

        • Hammerstrike

          Oil is abiotic, it is not “fossil fuel”.

  • Wakulla Prepper

    On the bright side…cruise ship vacations can be had for exceptionally low prices due to demand below capacity. Example: one good quality company has 4 day Bahamas cruises for as little as $129 (plus about $70 port fees and taxes) per person (last minute booking). As prices rise for necessary items such as food and gas, prices for discretionary items may fall due to less money available for spending.

    • K

      Wakulla, there may be a secondary factor on cruise prices. The large number of people who develop, food poisoning, and various other nasty bugs on those cruises. I myself would not go, if the cruise was free. Other than that your theory is totally correct.

      • Wakulla Prepper

        Certainly the bad PR of sinking and sickness has lessened demand. I know the industry well having cruised many times over the years (never one bad incident), and can say prices are record low.

    • GSOB

      “Some national parks have
      long waiting lists for
      camping reservations. When
      you have to wait a year to
      sleep next to a tree,
      something is wrong.”

      – George Carlin

  • VegasBob

    Try going into a Walmart toward the end of the month. You might see desperate people in the checkout lines, hoping their EBT cards still have a couple of dollars of funds so they can buy some food.

    Not so long ago I was in a Walmart toward the end of the month. Three people in front of me who were trying to buy a couple of dollars’ worth of food had their EBT cards declined.

    I was annoyed at first until I realized that these were desperate hungry people who had no money left on their EBT cards.

    And our politicians have the gall to talk about an “economic recovery.” Economic recovery? What a crock!!!!!

    • jakartaman

      They are not bad people – You have to have empathy – for the grace—-

      • kfilly

        Not to be mean, but some are bad people. Most are not. The bad people are the ones who think that welfare is a career choice even though they are able to work and have gthought this way for a long time.

        • aliceinwonder

          These people were created by Lyndon Johnson who ‘bred’ Democratic voters. “I’ll have those n*ggers voting Democratic for the next 200 years.”~ Lyndon B. Johnson to two governors on Air Force One But they will soon discover that the free cheese in the mousetrap isn’t so great.

      • Bill

        I ran into a similar situation at a gas station a few months ago. A man who I recognized as a greeter at a local Walmart was faced with a $20 bill and his cards wouldn’t cover it. I paid the charge even though it tapped me out. I left quickly but the man followed me to my next stop and thanked me and promised to repay me soon. I told him his effort to do his best was payment enough. A few days ago I observed him back at his job now a little more bent over and now breathing with the aid of a portable oxygen bottle. Need I say more?

        • Esta

          Heartbreaking. You were so kind to give when so close to the end of your own resources. The end of the month squeeze now comes earlier and earlier in the month, doesn’t it?

          • margo1942

            anytime you help someone who needs it worse then yourself. you are reward by god 3 times over.

          • mike

            And this is scripture?

          • Mondobeyondo

            It’s not Scripture.

          • Great Gazoo

            Yes, it is. What you sow you shall also reap.

          • Bill

            No, actually it is TEN times over.

          • lorena

            Amen!

          • Bill

            And Amen.

          • usmcmailman

            Very true Margo!

          • duu daa

            I don’t, not a single thing. Must be a wise tail.

          • D.B

            Indeed tis true.

          • usmcmailman

            AMEN Esta !

          • Rusty Brown in Canada

            “Too much month left over at the end of the money” as someone once said.

        • steve

          Back in the 1980s, before I retired, there was a woman who worked in the same lab as I did. She was financially strapped through no fault of her own. She knew of many more in her position. The economy has been heading downward for a long time.
          In the 1960s when I got my first car, for example gas was 25 cents per gallon, I made 1.75 per hour at my job, just out of high school. So with my hour’s work, I could buy 7 gallons of gas. Now how long must the unfortunate whop makes “only” 1.75per hour work to buy 7 gallons of gas?

          • Priszilla

            Back in good old “communism” I could buy 300 pints of beer in the restaurant from my university scholarship.

            After the wall came down and now we had all the freedom in the world, and a currency reform, all scholarships were cancelled, but we were entitled to a loan that was “worth” double the scholarship in nominal numbers but could only buy 80 pints of beer in a restaurant.

            Older people had their savings slashed in half, their pension increased by 10%, their grocery prices doubled, their rent tripled, utility prices increased by 400%.

            And everybody was hapy that he finally had all the freedom in the world, and could travel everywhere, (if he could afford it).
            And TVs were cheaper and had more channels.

          • Priszilla

            It doesn’t matter where you live, the little guy is always screwed.

            And the big guys make sure that the little guys hate each other and fight for the few scraps falling from the rich table.

          • krinks

            Right. No one ever gets around to asking where all of these billionaires in what was once communist countries came from.

          • Bill

            I have. They were there all along because they came up with the whole idea!

          • Bill

            All the better to keep you distracted while being ripped off.

        • Priszilla

          Just seen the other day at the bus stop.
          An old and tattered man with a very heavy backpack was barely making it to the bench. Asking when the next bus to Edinborough is leaving – in the evening, about 12 hours to go.

          Another passenger, a South East Asian immigrant, probably Philippino, starting to talk to him asking him whether he had breakfast, the old man declined; whether he had any food in his pack, the old man declined as well.
          The other passenger left.

          And returned after a while with a big bottle of water and some sandwiches. He gave everything to the old man and left.

          • usmcmailman

            There are still good people in
            this World !

          • emma852

            my Aunty Eva recently got a nice 12 month
            old Audi allroad Wagon by working off of a macbook… look at this site C­a­s­h­D­u­t­i­e­s­.­ℂ­o­m

          • Bill

            There are indeed Many good and decent people left hanging in there! Unfortunately, the crooks (politicians) got the jump on us while we were looking the other way! Probably by the latest antics of Snoop Dog or Miley Cyrus. Not ALL politicians are crooks, not ALL Muslims are terrorists either. But most likely when you find a crook if he or she is not a politician, there is most certainly one very close by.

        • muldoon55 .

          What a fine deed you performed. We must all remember that helping the poor is lending to God and laying up treasures in heaven.

        • usmcmailman

          You are a good man! May the
          Lord bless you !

      • http://www.Remember1986.com/ Brandy Baron

        They’re not all good people. There are plenty of able bodied/minded ones who have made a career out of milking the system. We need to be tightening up the system so that the ones who truly need and deserve it are the only ones taken care of.

    • Hammerstrike

      Desperately hungry people, like one sees in India?

      • VegasBob

        No, not desperately hungry. Just using my Walmart declined card indicator, it looks like most folks on EBT seem to get by until around the 20th to the 25th of the month.

        • Hammerstrike

          If you have travelled through India (outside of first-class transports, guided tours and luxury hotels), you may have had the opportunity to see the desperately hungry, that looks like corpses when they sleep.

          The Ganges even have a human corpse pollution problem.

          • D.B

            In America you are locked up in jail for stealing if you take food from the garbage and if you sleep in the street you go to jail for loitering. All our desperately hungry are in jail.

      • JulietteofOhio

        Yes, in Appalachia. Although many there grow much of their own food, there are pockets of real hunger not due to meth. We were behind a very thin young woman whose two children had swollen bellies and stick thin arms. She was related to the check out clerk apparently and my husband asked about her. She dropped out of school in the 11th grade to take care of her abandoned mother who had cancer, was raped and conceived the first child, and conceived the second with a failure of a boyfriend. At least she didn’t abort the baby. The woman is working at a Family Dollar store for minimum wage and does get food stamps, but not enough in West Virginia which isn’t a wealthy state. We bought milk, bread, cereal, meat and vegetables for her, enough to last two weeks, and continued with our vacation, feeling like spoiled brats. I’m trying to have her children registered with “Compassion” which may help her somewhat. We checked with Child Services which gave the mother a good reference and we would like to do more. We’re not rich, but we have so much more than she does.

        • xander cross

          It’s due to people being on crystal meth.

      • Mondobeyondo

        No, like one sees in the United States of America.

    • krinks

      Don’t believe it. I know more than one Food Bank that gives eligible people as much as they can carry. If anyone comes up short they have wasted their money on things they don’t need.

    • Mondobeyondo

      There is no recovery. Only the illusion of a recovery.

      • VegasBob

        You are absolutely correct. The “recovery” is just a statistical mirage, designed to keep people from revolting.

        The abysmal GDP report was blamed on “the weather, but the economy is on track to pick up.” What nonsensical drivel!

        Every day, the media reports daily DC political talking points as some kind of ‘facts.’

        • laura m.

          No viable solution- political or voting will ever turn things around. Politicians are scum of the earth whom most never had a real job, they completely ignore their constituents.

    • john doe

      True,but some people abuse the system and use it to but things resell it and then get drugs!

    • Jay_Sherman

      Gimme a break! Desperate hungry people…. Bet they had cell-phones (if not iPhones); a big-screen TV and a car, purchased for 3x what it’s worth at a Buy-Here Pay-Here lot, because they didn’t have the discipline to save a few bucks….but yet can make interest payments. They well may be smokers too, and I’d bet they were obese (America…only nation in history where “the poor’ are obese!)- Their 5 kids (and probably another in the oven) aren’t helping, either. These same people were “poor” when the economy was flying high, because their poverty is a result of their own choices and actions. In a country where illegal immigrants who can’t even speak English, and who don’t have a driver’s license, can come and live and work, and support themselves, and send money back to their families, “poverty” is a relative term. I saw a huge fat woman with an EBT card last time I was in Walmart…she had a STACK of frozen pizzas- must’ve been at least 2 dozen of ‘em. And WE are paying for them, as well as the medical care for the health problems caused by her obesity. ENOUGH! My immigrant grandparents raised 7 kids during the Great Depression, with no entitlements… These “poor” today are only poor because they are told they are “poor”, yet they liver in luxury compared to the truly poor.

      • Mondobeyondo

        That’s the paradox associated with this country, specifically. No where else on this planet do “poor” people have so many smart phones.and HDTV televisions.

        There was a news story somewhere which mentioned there are more people with cell phones in India than toilets.Shocking, to put it mildly,

        • Hammerstrike

          The US may have it worst when it comes to that but a lot of the poor in western europe did not have it so bad either back in the 1990s.

          For example, in France, one could see a group of young homeless people with dogs standing in front of an ATM. A lot of the homeless stank awfull and had ragged cloths where not anywhere close to starving, contrasting to that was a homeless man who had old but well-maintained cloths and never begged, only easy way one knew he was homeless was that he was sleeping in the local park early in the morning.

          If you travel to India, you better be ready for it.

      • quercus454

        Not everyone who is using assistance is scamming the system or a habitual user. You must like like sterotyping!

        And the illegals who are working and sending money back to their birth countries are doing so because they are illegal. They work for cash, use hospitals as dr offices, live 3 or more families to a single family residence. If they happen to have an anchor baby, they also receive welfare. Because Dad is working under the table, Mom says she is single. No one checks and the fraud continues.

        • Jay_Sherman

          One doesn’t have to “scam the system”- the system IS the scam! You can’t have a free society when wealth is confiscated from some and given to others, and merely because (for whatever reasons) those others earn below a certain amount- or nothing at all. Everyone should be responsible for their own lives, and the children whom they create- PERIOD. I was raised by a single welfare mother…believe me, I know all about it. There was no “scamming”- just accepting of what was offered by the politicians…and THAT is the scam. I have relatives who make twice as much as I earn…but were “legitimately” getting food stamps because they have 4 kids. Now they moan because their 2 oldest kids are over 18, so they no longer get the free food. They didn’t have to “cheat” to get those foodstamps- they just take what the gov’t says they’re “entitled to”, because they are conscience-less irresponsible oafs.

          • sharonsj

            If you want a country, you pay taxes. No taxes and you get Somalia. And you should try living in those states where there are few taxes–that gets you no services, bad schools, lousy roads, and no health care unless you’re rich.

          • Jay_Sherman

            What about the country our Founders established? It was at one time, not quite Somalia, but rather the richest, freest country in history…until such time as they started robbing us through taxation- which is exactly what our Founders were wisely trying to prevent. It’s the people and the culture that determine quality of life- NOT the government- because all the gov’t has is what it takes from it’s citizens. I don’t want anyone to be robbed- rich or poor. I want freedom, for all. Then if they are rich or poor, that is their own business. They can keep their interstate highways and subway trains and aircraft carriers and public schools- they have no right to force these things on us- much less to enslave us to pay for them. I keep my income below taxable levels- so I’m far from “rich”- and even so, I still pay sales tax; property taxes; tax on utilities; gas tax; car reg. tax; cost of taxes built into the products I buy; etc.

          • Jay_Sherman

            And, Sharonsj, I now live in one of the lowest tax states- having relocated here from one of the highest taxed place (NYC/LI-NY)…and let me tell you, the infrastructure is in far better shape here (from the taxes you pay in NY, the streets should be paved with gold, but they’re like the surface of the moon!)- Here the roads are smooth as glass. And I moved here to get away from all those “services”. Those services should be provided by the free-market and paid for by those who use them- NOT some corrupt system, where the gov’t takes their share, and redistributes your share to a bunch of bums who make babies they can’t afford to support. Wake up! Communism doesn’t work! The more we practice it…the further down the terlit we go!!!!

          • D.B

            or related to the right guy

            or provide gynecological type services to the doctor behind the office

        • Hammerstrike

          Not everyone but still, many actually does it.

    • leo

      consumer spending up. good reports today. i like michaels writings. he is smart guy. but i think he is also dumbfounded at that fact that things are stable now. corrupt for sure,it will go on forever like this.

    • Mondobeyondo

      Walmart, Always low prices… always.
      Discount on Pepto Bismol.
      Because you’ll need it.

    • prospector

      How do you know the people in line ahead of you did not waste their money on unnecessary items earlier in the month?

    • Bill

      Now today we have 92.6 m people without work and unemployment falls to 6.7—- that’s a whole lot of crock.

      Time to do something about the manipulation of numbers and the lies.

  • K

    There is no question about the numbers. There is no question about the math. The question is why so few can understand them. Is it a lack of intelligence? Is it an inability to face reality? Or is it just a total lack of common sense? Answer, all the above.

    • concerned

      The wife and I have discussed this many times and it seems our society is like the frog in the warm water, it thinks something is not right, but finally it gets caught in the boiling water! We’re just flabbergasted. The crowd back in DC is now out in the open doing whatever they wish and saying you can do nothing about it!!!

      • ΔИθᴎЎϻɸᵿƧ

        Yes, even when politicians, bureaucrats, and law enforcement are caught with their hands in the cookie jar, they just continue to retrieve the cookies, eat all of them, and then flip us the bird.

        Barack Obama, Harry Reid, and Nancy Pelosi and are all real good examples of that, to name just a few.

        Laws Congress passes are broken with impunity by them because they know they’ll most likely never be arrested or jailed. Bad cops beat up private citizens for the same reason.

        The whole system has gone completely corrupt. I don’t even recognize this country anymore. If I had the means, I would leave, and I don’t mean Canada.

        • quercus454

          Sadly about 98% of Congress is corrupt and needs to be replaced. Because the system doesn’t allow us to replace all at once, often the newly elected become corrupted by those that remain..

    • FortuneSeek3rz

      The average person has more knowledge at their fingertips than ever. The information age is in full bloom but some people refuse to take advantage.

      • Mondobeyondo

        So true.
        Can you imagine what people like William Shakespeare,Thomas Jefferson and Abraham Lincoln could have done with the Internet at their fingertips? One can only imagine.

    • markthetruth

      It’s actually that humans are more intelligent and making work and tasks more efficient and automated by machines, computers and robots by the minutes which is having a adverse effect on jobs, but is reality. As you sit on you couch with a remote , a cell phone and a computer with microwave popcorn, you are blogging online instead of by smoke signals or calling on Paul Revere to announce the British are coming !

      the end…

      • kfilly

        I wouldn’t say that people are more intelligent today. Technology advanced and allowed for great discoveries. Have a lot of the people you know read some classic literature by people like Dickens, Shakespeare, etc. I bet most people can’t even comprehend it.

        • markthetruth

          try programming in C++

          Step 1: Start
          Step 2: Declare variables a, b, c, D, x1, x2, rp and ip;
          Step 3: Calculate discriminant
          D←b2-4ac
          Step 4: If D≥0
          r1←(-b+√D)/2a
          r2←(-b-√D)/2a
          Display r1 and r2 as roots.
          Else
          Calculate real part and imaginary part
          rp←b/2a
          ip←√(-D)/2a
          Display rp+j(ip) and rp-j(ip) as roots
          Step 5: Stop

          the end…

          • Mondobeyondo

            You lost me at “Start”.

        • quercus454

          Part of the problem is the education system. Students are taught pretty much to go along to get along. Except for law schools, critical thinking is not encouraged or taught.

          • kfilly

            The deliberate dumbing down of Amerika.

    • Gene Baugh BBA

      Ask any poor person, They understand it. And that is the majority these days.

    • Bob

      The sheeple are too distracted by the numerous apps they use on their smart phone.

    • Mondobeyondo

      Ignorance, deliberate or otherwise.

    • kfilly

      There is a question about the math. Did/do they use Common Core math?

    • ΔИθᴎЎϻɸᵿƧ

      Many people are simply no good at math. When someone goes to the dollar store and buys 25 feet of aluminum foil for $1, they think they’re getting a good deal, but it’s not. 250 feet of foil always costs quite a bit less than $10.

  • Backdoor Barry

    I have a great idea, let’s legalize 11 million illegals and add them to are already crappy employment situation. Brilliant!

    • jakartaman

      They are alraedy on the government teet. The Demedopes want them legal for votes thats all.

      • kfilly

        It is more than just votes. It is a second group of government dependents that don’t know anything about our history. Many of them don’t speak English, and it contributes to balkanizing of the country.

    • Gene Baugh BBA

      They are already employed. They just don’t file for their return at tax time. The government keeps all they withhold.

      • cpgone

        many claim 30 or so and the govt gets squat.
        e-verify was supposed to stop this

      • quercus454

        Illegals have scammed billions using EIC and additional child tax credits.
        Google it and read for yourself.

    • seth datta

      This site is full of disinfo and any view deemed subveraive by the author is deleted, making him yet another shill for the nsa.

  • jakartaman

    1850 is just around the corner. The very sad part is that the vast majority of Americans have no idea what that means.
    1. You are on your own – No government
    2. You are on your own – No law and order
    3. You are on your own – No supermarkets
    4. You are on your own – No fuels for trandport /heat etc.
    5. You are on your own – No banks/currency
    6. You are on your own – No Medicines
    7. You are on your own – No running clean water
    Back then the law of survival of the fitess was real and it kept down the weak/stupid and lazy – Not so much now
    Also back then we were a Christian nation – Not so much now

    • Searching

      Do people have to have faith in order to be a good person and do the right thing? No as even those of a supposed christian nation were prone to do much evil in the name of God and what they believed.

      How can siblings raised by the same parents be so different when it comes to values and actions? How can one be more apt to do right while the other wrong? Is it nature or nurture or just how you are born and who you were in a past life perhaps?

      • Richard

        Personal choices. The choices one makes determines his course in life and his ultimate destiny. We all have the freedom to choose.

      • Mike Smithy

        You pose a very intriguing question that was also posed by Michael Savage a few years ago. The take away from the discussion proposed the notion that a non-religious person who does the right thing is actually more noble than a religious person that does the right thing only because they are scared that god will impose his wrath.

        • GSOB

          The fear of the Lord is the beginning of wisdom.

          • D.B

            and the end of thinking

    • Richard

      Jman 1. We will have Government – But very oppressive 2. There will be rioting in cities – Then Martial Law 3. There will be food in super markets – But sporadic in quantity and variety and very Expensive 4.Gasoline will be available – Like food Sporadic in quantity and Availability 5. Banks will be open and currency available – After bank holidays and runs, Currency will be greatly devalued with huge loss of purchasing power 6. Medicines will be available – Like food and gasoline with sporadic quantity and huge price increases 6. There will be plenty of clean running water in our small town from our 5 deep wells. But you are right things will be Much worse for us all and extremely grave for Many, depending on where one lives and the preparations one has made. God bless

      • jakartaman

        Richard, I wish I had your “optimism” and I pray you are right and I am wrong Yes GOD BLESS

    • old fart

      But the Natives were unhappy about the occupation. so developed the habit of removing the scalps of those who trespassed on their grounds.

      • D.B

        Aye, and rightly so.

    • MichaelfromTheEconomicCollapse

      And actually previous generations were smarter and stronger than we were. In fact, science has found evidence for this. Just check out this article…

      “Scientists Discover Proof That Humanity Is Getting Dumber, Smaller And Weaker”

      http://thetruthwins.com/archives/scientists-discover-proof-that-humanity-is-getting-dumber-smaller-and-weaker

      Michael

      • Priszilla

        The doors are so small in Europe that the taller people always hit their head and die of brain tumor.

        The doors in China are higher now.

        No need to stoop in a new building.

      • jakartaman

        Yes Michael – I read that article.
        I have postulated that the upcoming collapse will be greatly magnified because in 1850 the laws of survival of the fitess were still in play. Unfortuneltly no so much today. We have become dependent on Government and technology/machines what is going to happen to a hapless society when it stops.

    • Mondobeyondo

      Most Americans are indeed on their own. Not necessarily our fault though. The mainstream media keeps throwing that Los Angeles Clippers debacle in our faces every spare second

      Yes, the team owner is racist. No, he’s not the only one. There’s plenty more like them out there

    • Gay Veteran

      back then we also had slaves owned by Christians

    • D.B

      I’m terrified you are correct. I am trying to get my ducks in a row now to be able to live then.

  • Bill

    They say the truth is in the pudding.

    Fortunately the best pudding is made by the most humble.

    I hope somebody understands what I just said.

    • jakartaman

      Wish you were right – Humility will not stop whats coming at us on this temporal earth.
      Humility will do wonders for our real home.

      • D.B

        The meek shall inherit the earth, so sayeth the Lord God Almighty, so humbleness will help you right now.

    • GSOB

      John 1:29

      King James Version (KJV)

      The next day John seeth Jesus coming unto him, and saith, Behold the Lamb of God, which taketh away the sin of the world.

  • Travis Peterman

    While i agree and understand the sentiment of the writer, number 15 is stated incorrectly: But now the number of women in the U.S. on food stamps actually exceeds the number of women that have jobs.

    It should read, “But now the number of (people) in the U.S. on food stamps actually exceeds the number of women that have jobs.

  • Bill

    FLASH—-Fischer appointed Vice Chair of the FED. He is a dual Israeli citizen. When Yellen takes the fall for SHTF guess who’s in. Does this tell you who is running the boat?

    • AM

      when are we ever going to get over our small minded prejudices and stereotypes.

      • Hammerstrike

        When they stop being actually true.

    • Hammerstrike

      Racysss! Racyssss!

      • Bill

        Hope you are referring to those in power who made the nomination !

        • Hammerstrike

          Almost, was referring to the kind of individuals who allows them to make that nomination and their never-changing responses when confronted with the truth.

  • selaretus

    yet the Oboob administration and his whore (or visa versa) the Fed keep lying like everything is peachy. And they shot John Kennedy.

    • Gene Baugh BBA

      The President has repeatedly voiced his disappointment in regard to the economy.
      “We can do better.” he says, sounding like a disappointed father.

  • Richard

    #16. 69% of the federal budget is spent either on entitlements or on welfare programs.
    This is exactly why we do not see bread lines and soup lines like we had during the Great Depression. Otherwise, everyone would know exactly bad things are right now in this country.

    • Joe Trevors

      Very good point! It is hidden.

    • Hammerstrike

      Or the 1987 Soviet-Union, as the effects of Gorbatchev´s reforms where worsening.

    • ΔИθᴎЎϻɸᵿƧ

      Yes, the old bread and soup lines are now food stamps. You only see a small part of the line when someone takes their card out to use it.

    • PotHead69

      That stat is completely wrong

      • Richard

        Even if the stat is Wrong, the Fact remains. No soup and bread lines because of Government handouts.

    • D.B

      It’s also incorrect, the defense budget is actually much larger.

      • Richard

        The unseen bread and soup lines are because the Defense Budget is larger? No. The unseen bread and soup lines are because of the Huge entitlement and welfare programs which Hide them from public view.

        • D.B

          You misunderstood my comment. Look at the total of money going out. You will find the defense budget is most of it. Thank you play again.

          • Richard

            Defense was 24% of the 2013 U.S. budget. All the categories for entitlements and welfare total over 60%. So we have to feed the sheeple at home while we’re off fighting useless off-budget multi Trillion Dollar wars.

  • Mondobeyondo

    The song “Mother, Mother” by Tracy Bonham (no relation to the late John “Bonzo” Bonham, the drummer for Led Zeppelin) comes to mind.

    It’s almost an automatic response. Everything’s fine
    I’m bleeding to death. Everything’s fine.

  • Mondobeyondo

    There is no “recovery”.
    Sad, but true. Sorry to burst your perpetual optimistic bubble.
    But it must be said.

    The country is still operating, financially speaking, on a 1964 level.
    Problem is, it’s not 1964 anymore.
    “REALLY?”

    Yes, it’s true .Its 2014.

    “Mary Poppins” is a 50 year old movie now.
    Wake up and smell the coffee. Because by the time you smell the formeladide, it’s too late.

    What worked 50 years ago, worked 50 years ago. It doesn’t necessarily mean it will work today..And it doesn’t necessarily mean it will NOT work today. Sorry. I know, I know. “If it ain’t broke, don’t fix it”.

    Well guess what? It’s not broken
    It’s freaking wrecked.
    Do something. Please.

  • Mondobeyondo

    And the world turns on…

    “Why is life so hard?
    “Because life ain’t easy, darling.”

    There is an answer to the question ‘Why?’
    But most people won’t listen.
    They will dismiss it, or ignore it.
    Hey, it’s not for lack of trying.

  • JPS

    I am in Madrid as we speak. The unemployment rate is sitting around 27 percent. However, you
    people need to get off your apocalyptic horse and take a chill pill.
    Life still continues on. Tapas bars are still full. Cars are still
    driving on the street. Nightlife is just as vibrant. Be realistic people. Hard times hit, but it doesn’t mean the end of the world.

    I’m wondering if any of you have considered that you may be wrong? Perhaps you have convinced yourself that disaster is always around the corner? The human mind does that quite often, warning us of potential danger. There have been people like you for centuries, always predicting collapse, famine, end-times, etc. Perhaps you may be partially right, but history tells us that generally, you like to over exaggerate.

    This guys is out for you advertising hits and book sales. Fear sells, that’s all there is to it.

    • K

      JPS let me point out a few differences. Has the Spanish domestic security personnel, bought over 2.5 billion rounds of ammunition? Has that same group started riding around in armored personnel carriers? Are they giving small local police agencies, those same armored personnel carriers. Does the Spanish Government show up at your house with 200 heavily armed agents? Because they say you owe them money. That is just a short list, of what is going on in the U.S. So now perhaps you better understand our caution?

      • JPS

        K, I do not know any exact numbers. I assume that the Spanish government equips their personnel with a similar amount of ammunition per capita as in the United States. I personally see many more police officers and vechicles here than I ever have in a bigger city in the States. Said personal carry automatic weapons on the street and wear bullet proof vests. Throughout my travels, I’ve found this the norm throughout most of Europe, all of Latin America, and in a few countries in Asia. The only difference is that the citizens don’t concoct ridiculous conspiracy theories to explain why. Again, you can trick your brain into believing pretty much anything, this is no different.

        • K

          If that is the norm, I find that very sad.

          • JPS

            I believe that they’re there to protect the citizens. That’s the difference between and you me (I assume).

          • K

            I worked for the Government for over thirty years. Unless you are very rich, the Government could care less about you. No opinion, just fact.

          • JPS

            You mean *couldn’t*?….

            It may seem like a fact to you. I’m also not sure what you did for the government to come to such a conclusion (Public school lunch ladies are government workers, too). However, over the past century, human lifespan has doubled, while child mortality and poverty continues to drop like a rock. Governments normally subsidize the programs that make these statistics possible. I need to see numbers from you to back up your loaded statements. Otherwise they’re pointless.

          • K

            Lifespan has doubled? Poverty is dropping like a rock? Government talking points. I used to work for them. I suspect you still do.

          • JPS

            Global statistics. Not hard numbers to find nor experience if you travel around. Just look at China and India. Even the poor have air conditioning and refrigerators in the United States (over 3/5 have cars!!). Look how much the quality of life has improved even for those still technically in poverty. Things are getting better, and I’m sick of hearing why it’s not, because it’s just not true.

            Also, I work in the private sector. Never have worked for the government, nor do I plan to.

            However, I find the beliefs posted on this site (and many others) to be very biased and cult-like. Rarely do the assertions made line up with the facts.

      • Hammerstrike

        Spain have a low rating but has not defaulted yet, still “borrowing” to maintain standards of living.
        Same thing for the US, even thought credite ratings have made borrowing more difficult but it still continues, because shutting down that borrowing would cause serious disruptions, US dollar as an international trade currency also does its part.
        When offical numbers stated 14 trillions debt, the real debt was around 211 trillions, real crash would be much worst than 2008 one.

      • Matthew King Phillips

        I hope that in this year to come, you make mistakes.

        Because if you are making mistakes, then you are making new things, trying new things, learning, living, pushing yourself, changing yourself, changing your world. You’re doing things you’ve never done before, and more importantly, you’re Doing Something.

        So that’s my wish for you, and all of us, and my wish for myself. Make New Mistakes. Make glorious, amazing mistakes. Make mistakes nobody’s ever made before. Don’t freeze, don’t stop, don’t worry that it isn’t good enough, or it isn’t perfect, whatever it is: art, or love, or work or family or life.

        Whatever it is you’re scared of doing, Do it.

        Make your mistakes, next year and forever

    • grumpyhillbilly

      Wow, I didn’t realize how much better it is in Spain. Bars are trending empty here in PA. Restaurants are begging for patrons. Nightlife tends to belong to those who are stripping vacant buildings. Seriously, I’m not joking. Oddly I don’t think where I live is that hard hit yet. Guess its the cost of being the world’s policeman, and not belonging to the German supported Euro.

      • JPS

        Interesting. I live in Michigan, one of the hardest hit states after the recession. Bars are not trending empty and restaurants seem to be doing well. I even see full mall parking lots on the weekend. Perhaps a culture thing.

        By the way, it is NOT better in Spain. Times are hard here… a lot of people are out of work. One quarter of all those unemployed in the Eurozone are in Spain. What I’m trying to illustrate is that life continues on. Economic hard times may or may not be coming for us in the United States. But it doesn’t mean the end of the world. Cars will still be driving, planes will still be flying, and no, people won’t be killing on the streets. I really am tired of hearing it. Get out and explore the world a bit and perhaps silly conspiracy theories will end in the US.

    • Hammerstrike

      “I am in Madrid as we speak.”

      We´ll just have to take your word for it, huh? Spain have a low rating but has not defaulted yet.

      • JPS

        Huh? What reason do I have to lie about where I am?

        • El Pollo de Oro

          OK I think I can settle this, having spent a lot of time in Madrid.

          JPS: Tengo una pregunta para usted. En el centro de Madrid, hay una calle infamosa entre La Gran Vía y La Puerta del Sol. En esa calle, hay una zona de prostitución acerca de la comisaría de policías. Cual es el nombre de esa calle infamosa?

          Ha ha! If you can answer that question, you’ve definitely been to Madrid.

          • JPS

            I don’t know the exact name of the street you’re referring to. However, I did see some prostitution around Fuencarral (which turns into a different street name south of Gran Via, can’t remember what it’s called). Just last night I was at Cien Montaditos. Wednesday’s and Sunday’s are Euro nights… beer and food all for one Euro each! Yum! It was packed by the way… although they closed at midnight. Ended the night at a bar near Plaza Mayor… I am a tourist after all. Oh and there is some sort of a holiday here right now, some sort of labor day. A lot of people are off work.

            Hope that answers your question. BTW… I’ve spent a lot of time in Central America, but this is my first time to Spain. I’m not sure if you’re from here, but it’s beautiful. The people are quite open and friendly.

            Cheers.

          • El Pollo de Oro

            JPS: Vale tío, you’re definitely in the heart of Madrid. I know that area well. The street that Calle Fuencarral (in Chueca) turns into south of La Gran Vía is called Calle de la Montera (starts at La Gran Viá near that McDonalds, ends at la Puerta de Sol). Montera’s a trip. One block is the red-light district, the next block has a police precinct. And the policías leave the ladies alone. If you have time, a fun area to visit southwest of La Plaza Mayor is Lavapies.

            I’m from Philly (life-long US citizen) but have done a lot of traveling in other countries (speak Spanish, Italian and some French…..even know some Catalan I picked up in Barcelona).

          • JPS

            Mucho gusto.

            I leave for the US tomorrow morning. I’ll be sure to check out a few more places. Thanks for the tips.

            I understand that there are problems in the US, but there are problems everywhere. I’ve known too many people that waste their lives away living in fear. They watch their lives pass by only to see none of those fears materialize (or at least to the extent in which they thought).

            Times are much harder here. Yet life continues on and people are still happy and gracious. Perhaps it’s a culture thing.

          • El Pollo de Oro

            JPS: I think it is a culture thing. Several weeks ago, a guy who lives in Salvador, Bahia in Brazil saw some of my comments about crime and poverty and said he’d rather be in Brazil (crime and all) during an economic meltdown than in the BRA. His reason: when times get bad in Brazil (or other Latin countries), many brasileiros will help each other out. In the BRA, he said, folks will kick their fellow Americans in the gut when they’re down and out and say, “Just get a job, you loser.”

          • JPS

            Interesting point. I’ll have to meet you in the middle. I do find many gracious people here as well. Although, not as many as I have experienced abroad. I am looking at it as a foreigner though, so it’s tough to say how objective I can be.

            I think waves of fatalism and conspiracy is definitely an American thing. I have found most pessimism harbored here to be very non-fact based. Those that do follow facts simply pay attention to only those that support their theory. They ignore that facts that contradict, which would collapse their theory. I find this site to be just that. I’ve said it once, but fear sells. This guy is making money off of that fear, regardless of whether it’s rational.

            You’ll be hard pressed to find a lot of these types of outside of the United States. To this day I cannot figure out why. Makes me sad, because these people live in fear, as opposed to innovating and building the economy for our children and grandchildren. I seriously know of a few people that won’t go to college or try to build their careers because they think there is no point. Come on, really?!

  • Professor Rob

    I’m a college professor. The laziness of many of today’s young adults is mindboggling! You can offer your class example tests with worked out problems and then pull problems from those old exams and put them on new tests, and maybe 1/3 of the students will have no idea how to do them – because they are too lazy to even download the old exams and study them. Pathetic! When the crash comes, they won’t even notice until they run out of food and/or the grid goes down, ending their videogame addictions.

    • aliceinwonder

      And that is why I belong to The Survival Podcast. I want to learn to be as self sufficient as possible.

    • Tom_F

      Awesome point. I see it everywhere, even in my own family. All of these children (still children, even at age 30!) will be turning to somebody else to do the hard work for them, and feed them. Not sure it is possible.

    • Adrian

      I am as well and I can vouch for everything you have said. It’s abysmal.

    • piccadillybabe

      Face it, there are a lot of kids out there with stellar GPAs and they still cannot find work commensurate with their intelligence and motivation. We live in a world today where the old rules to the game no longer apply. The new rules have not been written yet because no one knows what the heck is going on. It leaves many young people in total limbo.

      • Tom Thumb

        Sir, you’re not helping young people with your excuses for their laziness. They think they’re above menial work and would rather stay home and play computer games than do real work.

        • Tom_thumb_is_dumb

          Hey there guy….maybe you need to understand the situations of the young people you refer to. They go to college, which for the average student is about 25k a year (tution/room and board) now lets use those basic math skills you got back in 1940 and multiply that times 4. Thats 100k in debt for school alone. That doesnt reflect any other debt like credit cards or other miscellaneous debts. Now imagine preparing for a great job by being responsible and going to college only to find out that you cant make more then 20/hour if your LUCKY. But as an adult you have expenses like rent and bills. So on that 20/hr job they have to pay back the 100k plus interest and support themselves. Menial work in this country doesnt support a college grad. Try not to listen to cnn or foxnews so much you liver spotted fool. “All them vidya games or whatever is makin’ em lazy”….your attitude and lack of information/education is partly why this country is in such shambles.

          • juice

            C’mon, man. Are these kids really getting blindsided by the lack of employment in their chosen field? Why? At any time, they can access employment stats on the Internet, broken down by occupation and state, and do some good old-fashioned second-guessing of their dream career. No more space shuttles? Maybe drop the class on space shuttle maintenance, lol.

          • CensoredSpeech

            They shouldn’t have voted for “The WON”. They got what they voted for. Disappointed yet?

          • David Horace

            “That doesn’t reflect any other debt like credit cards or other miscellaneous debts.”
            LMAO.
            That darn credit-card debt. It’s like the common cold; you just can’t avoid getting it.
            You’ve got liver spots on the brain, pal.
            I’m guessing you didn’t take any math or finance courses is college. Credit-card debt? LMAO.

        • quercus454

          Not all young people my friend are lazy and have no work ethic. I have 3 children and they all have worked even while going thru college. They have done every kind of work imaginable including house framing and landscape work.
          If anyone is to blame for lack of work ethics, it is their parents. Blaming children for never have being taught the importance of work, is like blaming a child for not knowing how to read or write when they never went to school.
          Another factor is the state of the economy. It is hard to convince kids to do manual work when there are other cushier jobs that pay the same.
          Add in that most college grads have enormous loan debts, taking a min wage job that will not support them, pay their bills or allow them to move up is a factor.

          • Tom Thumb

            I commend you sir on bringing up your children correctly, but I stand by what I said. After you mentioned your own children, you went ahead and made all the usual excuses for the lazy behavior of our young people overall. As we say in my trade, [Excuses are like a**holes, everybody’s got one].
            Nobody gives a rat’s behind about their debt. Get a job.

        • Hammerstrike

          Habla español, gringo?
          ¡Sí, señor!
          ¿Cuál es la tasa real de desempleo?
          Más del 20%.
          ¿Quién cree que el desempleo en su país se encuentra por debajo del 8%?
          Idiotas.

      • laura m.

        I just told someone today that their 44 year old son w/ college degree needs to move elsewhere like many I know did for decent work. We had to relocate thirty yrs ago (80’s recession) for a job. These kids need to get out their resumes and pack up like some my generation had to incl me and both brothers, friends.

        • Hammerstrike

          Telling young(er) people iphones and flat-screen TVs are not needs.

          Want them to buy cars and apartments.

      • CensoredSpeech

        That’s because they went and changed the rules, intentionally!! They call that a “reset”!!! I think they mean to “reset” all of us back to the beginning.

        • piccadillybabe

          Kinda makes ya wonder a little bit.

    • kfilly

      I work as a lieutenant on a career fire department. I can also attest to some of the youth of today. A big part of my job is to train and make sure my crew its work done. Some of our newer firefighters are lazy. ignorant, and believe they are owed something because they made it to work. A few off them spend more time trying to get out of work than what it would be to complete the task. Some don’t want to train. Some think they deserve as much pay or vacation time as what guys close to retirement age are getting. A few others act like they should be in charge. Not all of our young firefighters are like this, and I only work with some of these people in passing, but it is borderline ridiculous. We had a guy that got fired from a different shift. This guy took the cake. He mouthed off to his supervisors when he had less than a month on the job. He told them he would take as long as he wanted to put his gear on (our trucks are supposed ti be out the door in about a minute from receiving the call), and that the truck should wait for him to get ready. Sorry, people who dial 911 don’t want to wait for you to put your gear on, and the few minutes they wait for help to arrive probably seems like an eternity. I never would have thought about doing any of those things as a young firefighter. The youth of today are indoctrinated to be dumb and lazy. It all starts out with innocuous things like all young kids getting participation medals for playing sports. Yes, teach them early and often that we’re all equal.

      • cpgone

        Its likely the mentality of those seeking govt. jobs.
        In the real world younger people are fairly hard working or they get replaced by Raj from chindia or a computer.
        Yes I work around young people.

      • cpgone

        All people are different , so this may not apply to you, but FF are notorious for false disability claims and a wanting every benefit known to mankind while wanting to be thanked for doing a job.Yea there are dangers . Look into who get pensions with medical and FF which sit around 90% of the time top the list,In the city I used to live a FF basically sued to be able to run his other business while on “duty”. Try that at wally world.

        • Orange Jean

          Maybe you’d think otherwise if you were ever in a major fire. I was in the Cedar Fire (San Diego County, 2003)… the worse wildfire that state had ever seen up to that point… which I will never forget. Destroyed 1/3 of the town I lived in and scared me so bad I left the state.

          Also see my comments about my dad being forced to retire from fire department… yes, he got a pension. I do think he deserved it, since it was due to the stress of the job, but he would have rather been allowed to continue to work. Pay was a pittance, BTW (the most he ever earned as a FF was $125 a week).

          Before he died he also got Lou Gehrigh’s… also most likely due to the hazards of the job. When my father died they had to do an autopsy to decide if the heart attack during a fire is what killed him (albeit 20 years later), they said it was… otherwise my mom would not have been able to continue to get his pension. But and he was found his body was riddled with heavy metal poisoning – likely due to the fact that the town he did FF was mostly a heavy industrial mill town.

          • cpgone

            Putting out forest fires is mainly for the tree huggers, people that should not of built there and the fire machine industrial complex. Forest fires are good for forests. All jobs have risks. I’m a nurse and around all kinds of nasty stuff, But i knew that when I signed up for it.Again ,Im sure that most FF are good people, but they know the risks and pay going in.

        • kfilly

          It doesn’t apply to me. My “side job” is to manage my wife’s business. I do that on my days off. I never abused benefits. I screwed up my back once while lifting a patient on a medical call. I had back surgery to repair a herniated discuss and went through all of the work comp stuff. It took twelve weeks from my surgery until I was back working on shift (should have been 10). My chief at the time didn’t want me back to work yet. I told him I was cleared by a doctor, and I was going to be back at work. I am not the type to cheat the system, and despise those who do.

      • Orange Jean

        I am in a totally different line of work (public health) but I see many of the same attitudes as you describe in the young people we have working in my department. However, not dumb and lazy in my workplace… just the same attitude – think the minute they come out of the box (college) they should be entitled to run the show, think they know it all, and have little to no respect for anyone with experience and don’t think they need to learn anything (also… that those of us who are experienced should learn from them). I do think it’s due to being told they were “awesome” for existing.

        I’m still glad to hear some people are going into firefighting though. I’m proud to be a firefighter’s daughter. My dad was a career firefighter for 30 years. And ignore those who make comments about those getting disabilities, they do not understand the hazards and risks of the work. My dad was forced to retire at 52 because of having a massive heart attack while fighting a fire. Hazard of exposure to extreme stress. He lived another 20 years after the heart attack, but was devastated that he had to retire, he would have 100% have preferred to continue to work as a firefighter until the day he died.

        • Hammerstrike

          Sad but true.

      • laura m.

        Mexicans are hard workers, more are being hired over the slacker kids today that have been coddled and have loser stuck in stupid parents. For ex:, parents in their 30’s- mid forty’s just don ‘t care what their kids do as they are too busy with their smart phone and other media and live on fast food. No structure in the home. One reason this country is trashed.

    • Nicknakthetruthspeaker

      I agree with you . you change just numbers In an equation which is basically always the same , and students can not figure out how to resolve it. Their brain process informations like Chinese people who are totally clueless how to adapt themselves to new problems.

    • laura m.

      And many of young people don’t want to work or help with college expenses like my generation once did. We didn’t live at home after 18 or move back either. Younger people have a zero work ethic employers have told me, they show up late and waste time. Parents with underage kids refuse to discipline them and are too cowardly to run the house and act like adults. Kids need to learn a trade for security and get a life.

      • D.B

        I have one of those self entitled brats, but I swear I didn’t do it, because ALL of my other children work hard daily. Her father did ater we divorced. Now that she is 18 and MUST leave, he doesn’t want to deal with her. She’s out after her birthday, and I pray God watches over her because I am done.

  • Gene Baugh BBA

    Wrong Michael, the crash started in 2000 the world economy is just getting to the worst of it now.

    • Priszilla

      There is always a crash.

      In Europe, the crash of the 80s was a bit cushioned when the wall came down and suddenly the whole of Eastern Europe went to work in the West, and needed new trinkets.

      First it was just Germany. Another tax was introduced, which was given to the eastern towns so they could buy new paint from western companies to beautify their villages.

      The East German industry crashed totally (2/3 of all companies closed and sold, especially those which held patents) when they had to be paid in DeutschMark and nobody of their former customers in Eastern Europe could afford DeutschMark.
      The qualified staff were taken over in the West and worked for anything.

      Then the EU (Germany) gradually expanded. And with every new country coming in they could take out loans in Euro to pay companies in the old EU (Germany), while their workers could push down wages in the old EU.

      Now Russia and the EU fight for Ukraine to join the EU (Germany).
      Obama is dumb enough to send troops, as Democrats usually do to “help the suppressed”.
      (The Republicans send troops to punish the oppressor. Both of them are needed to facilitate the transfer of taxmoney into the pockets of the gun manufacturers.)

      Make sure you pay your tax and hate the little guys and immigrants, so the government can send the NSA to spy on you, while they fill the pockets of their masters, pocketing 30 pieces of silver themselves.

  • WhistlingDog

    We all know the majority is watching CNN and getting tips on how to make their iphones into a fishing pole.Or twittering how Gary2Gary/Justin Beiber broke his manicured toe nail.So to them the economy is fine.

    The majority are too sidetracked by china made goods, nightlife, and easy free money from the government to care.But that will all end in a short period of time.The Media lies are brainwashing people to believe we are in a recovery.

    Also there are also some who knows the horrible condition of the economy but shrug their shoulders and carry on.With their lives and not prepare for the disaster thats coming for us.

    When will the majority figure out what’s going on?When the pigeons become an extinct bird due to food shortage.Then maybe, just maybe they will get the hint. The survival of the strongest will make a come back soon.

    • GSOB

      One way to measure a society’s level of understanding basic economics is it’s crime
      rate, not the prime rate..

  • Bob

    I will tell you who is doing fine in this economy, the H1B visa workers in this country from India who are taking all of the professional white collar jobs.

    • Priszilla

      How about shareholders, lobbyists and the like parasites?

      Not creating any wealth but spending with both hands and printing money like mad?

    • Tom_F

      @Bob, I fully agree. Their standards of living are a lot lower, and grown men don’t mind living 2, 3, 4 or more in a small apartment, or having several families crowd in to a living space no U.S. born family would be able to tolerate.
      Here is the thing, though. These workers are actually very good. Engineering, IT, accounting, software, architecture, any kind of technical work. Numbers and science aren’t “sexy” enough for American born children, who all want to be famous (with or without merit) while these H1B visa holders are excited for the opportunity to improve their lives and the lives of their families, and build financial security with hard work over long periods of time. American born children may never catch on, but if they do it might be a little too late. Work ethic matters, it really does.

  • Priszilla

    Remember, when you are on a long way down, that slope looks pretty normal to you. When the slope then levels flat, it looks as if things are improving. In a sense, that’s true, but in the overall picture, things are not getting better, yet.

    #1 Homeownership rate was even worse 19 years ago. I guess, that was the time when someone came up with the idea of sub prime mortgages to improve homeownership.

    #2 Consumer spending on durable goods have dropped. Which could also mean, there have been less disasters and less houses destroyed. Or maybe that people in the US finally prefer stone houses to wood sheds?

    #3 Retailers closing could indicate that people are prepping and mending more and throwing away less.
    Are there statistics on individual sales items like chips, alcohol, cigarettes, bread, rice, veggies, meat?
    Possibly meat got so expensive that people muy more beans instead?

    Starting at #4 things look very serious, indeed.

    • D.B

      People are mending more, including their durable goods. Cars were expected to last only 10 years, now 12 and 15 years is the norm.

      People are shopping used more.

      Our houses are still wood sheds though.

  • SL

    Two opposing forces are balanced for now. The undeniable force to collapse and reset is pitted against all foreign entities and individuals who hold our debt and currency, because they trust in the relative stability of the US more than their home country. When something changes the paradigm, there will be a quick move to alternatives like physical assets and PMs. It will b slow at first, then take off like a bolt of lightening. We will see martial law when it happens, insurrection, and other civil war results. History always repeats. It is very difficult to prepare for such changes unless you are a billionaire, or flat broke in which case it makes little difference to your life.

  • Buckwheat

    Here in Nebraska I’ve been noticing more & more homeless people around. Things will get worse so prepare accordingly.

    • Tom_F

      Here in Cali, too. The smart ones leave cold and inhospitable geography for outdoor living (like Nebraska). Hopefully winter will cure your homeless problem, for a few months anyway.

  • Mondobeyondo

    I’m scared.
    Do I know what’s coming?
    Yes, I do. And it wlll NOT be fun.
    Why am I so certain?
    Because nobody’s even trying to stop it.

    Period, next paragraph.

    • Steven Croix

      Just wait until we kick Obama out of office.

      The GOP will end this crisis.

      • Mike Smithy

        I am assuming you are being sarcastic. Neither the Republican or Democrat party is equipped to actually deal with our systemic problems. The only difference is that the Republicans will take us to the fiscal cliff at a slightly slower speed. For real change for the better, vote Libertarian.

        • Mondobeyondo

          I am being sarcastic. In a sense…there’s some seriousness involved as well though.

      • Adrian

        My, what a short attention span…

      • Mondobeyondo

        Obama to be replaced by… whom?

        • PotHead69

          Clinton

  • Steven Croix

    People have to be willing to take a part time job!

    The trickle down-effect will work eventually.

    That is what we have been told.

    Warren Buffet says so, too.

  • aliceinwonder

    I am on SSDI. I have a very light duty cleaning job 3 hrs per day. Even that is painful for me to do but without these few dollars I would not be able to survive. But now SSDI is after me because of this job. I have had to prove my income from 2008 up to my last pay stub. They will decide if I am still eligible, or if I will have my benefits cut in half. Or perhaps leave me alone. But we know as Agenda 21 marches forcefully forward that my outcome will likely be very bleak. There is no where for me to go and I will lose everything. Some cities are so over burdened with homeless people that they are hauling them away on buses. But to WHERE? No one seems to be able to answer that question. Hello to Hitler’s Amerika. We have arrived. I’ve never been more scared in my life. What does an older person with a crippled up body do? As far as the gov is concerned, I am a waste of space and food. I am not considered a human being any longer. I am useless trash that needs to be eliminated.

    • Steven Croix

      Welcome to the NWO that our president Bush Sr. praised so much!

      Oh, he was a Republican. Aren’t they the best???

      • aliceinwonder

        Please go to The Survival Podcast episode 1088. Both parties sleep in the same bed. And this goes back much farther than Bush Sr.

      • kfilly

        Try the Act of 1871. Try the Federal Reserve Act of 1913. Social Security Act, War on Poverty, taking the US off of the gold standard in 1971. All of those were both a few years before Bush.

    • Kent Harris

      My dear friend you are valuable and priceless. My Lord and my God loves you. The world is rolling up like a sheet but God gives strength like an eagle. He is faithful. Call upon the name of the Lord.

      • aliceinwonder

        Thanks Kent. Often we forget thaqt this is God’s show, not ours.

    • K

      Dear one. The Lord does not create trash. As things get worse, there are people who are preparing to take people in, as needed. It may be crowded, and maybe a bit noisy. But the Lord does not abandon his people. If the time comes, make your needs known. You may be surprised how quick someone replies.

      • davidmpark

        Exactly – the Good Lord doesn’t create trash and He doesn’t make mistakes.

    • davidmpark

      Alice, I hear you. My wife is on SSDI and she can’t work at all. I can’t either – required by Adult Protective Services to be with her. I know EXACTLY what you’re going through. I have a lot of resources and contacts if you need them. They’re mostly related to Utah, but I’m sure there’s branches where you are.

      There are guys like me fighting tooth and nail for the afflicted and disabled – and we won’t stop! The Feds will have to go through our mortal husks first before we let them harm you.

      • aliceinwonder

        I will take all of the info & education I can get to protect myself. I appreciate your kindness in helping me with info.

    • JulietteofOhio

      True and so sad. Both my husband and I are still working at well over retirement age, but I can’t do any difficult physical work because of sever rheumotoid arthritis so work as an accountant. Someday, sooner than later, we will be too old for these jobs, then the government will start in eliminating us as an expense. You have my prayers.

      • aliceinwonder

        The more things change, the more they stay the same. History is simply repeating itself yet again. People never change. Only technology changes, but tragically people never do. You’d think we’d have it figured out by now. Indeed, there is nothing slower than the second coming of Christ.

  • James T.

    @ Professor Rob

    You can’t blame the young people.

    They see that bankers who are criminal aren’t brought to trial, but instead receive huge government subsidies, bail-out money, are invited into the White House and so on.

    Furthermore, they have been lied to by people who told them that the Dollar was going to crash or that Gold would be a good asset. Both huge lies, Gold is getting worthless, while the Dollar manages to stay on top.

    Their reaction ist logical.

    • Tom_F

      Excellent point, the “full faith and credit” of the Federal government doesn’t quite have the same credibility is did a decade ago. Nobody has paid a consequence, except the people who lost jobs and homes. Everyone else has been made whole financially, or been protected from legal recourse by the ‘corporate veil’.
      btw, I always love those ads for “GOLD!”, and yet they will take your “soon to be worthless” paper money to pay for it. Both funny and sad.

      • Airedale

        My friends used to laugh at me when I bought gold for $400 an ounce back in ’97. I bought mutual funds, tech stocks and real estate, too. Gold dropped to $300 before it climbed. All investments go up and down. Best to diversify your portfolio with a little gold.

        • Tom_F

          My friends did laugh at me when I bought gold for $800 an ounce in 1980. Turns out they were right for 27 years. Add inflation, and today 34 years later it is still less than $800 in 1980 dollars. Gold produces no interest or dividends. You may catch a profitable window, but re-read what I just wrote above; 34 years, nothing. “A little gold”, do you really think good things are ahead for this investment?

          • Airedale

            Absolutely. As a diversified investment, stick with gold coins. Make sure it is hidden safe at your residence. Gold peaked in the ’80’s at the $800+ mark. You bought at a high watermark. In 1977 it was around $130. It also peaked just a few years ago just shy of $2000. I view gold and silver as a long term investment and fully intend to pass what I have down to my kids as an inheritence one day. I believe the stock market is currently peaking and will correct eventually. Also, watch what boomers do in the next 25 years. Real estate will likely tank as the boomers sell their homes in droves and move into nursing homes. Likewise, the stock market may decline as boomers sell off their retirement accounts during their retirement.

  • ken j

    even some of the biggest forecasers of a collapse are starting to realize,if there was gonna be a collapse,it would have happenned already. they are figuring it out behind the scenes

    • Tom_F

      Really? Because that is what was said before every other economic collapse. And nobody saw those coming, either.

  • James T.

    And the false stock bubble that the wealthy are enjoying right now will not last that much longer.

    Michael,

    you have NO IDEA what the uber-wealthy are capable of!!!

    Even if – and I say IF – it crashes, they will make a HUGE amount of money.

    • Mondobeyondo

      It’ll crash. You can count on that.
      I hope I’m wrong, I really do .But I don’t think so.

    • cpgone

      Oh sure , the ultra wealthy get the tip off to go short and make money both ways.
      You just waking up to this?

  • http://batman-news.com PullHeadOut

    Holy Cow, everybody has a sad story to tell. Mike, your bullet points are entirely meaningless. Statistics and percentages are always easily skewed. If it was sooo bad for all the poor people, then why are they not rioting in the street? It’s not happening. Our highways are full of cars and trucks in a big hurry, spending money, lots of money. Store closing, good, it’s the enviable change, stop seeing change as evil, embrace it. More and more people are not working because they don’t have to! Here is a stat for you, 30,000 jobs in Louisiana for welders that cannot be filled. Why, because people don’t have to work anymore. Ask yourself, would you survive if there were no groceries at the store and no gas at the station? Think about it. We are all slaves to the society we have created. And now that things are not going our way, it is all doom and gloom. I saw a bumper sticker this morning that said ‘live free or die’ that’s stupid, “live free and fight” should be the motto. Our society is going through a change, the have’s get more, the have not’s get it free, the workers get screwed. Like or lump it, because you are not willing to do anything about it. As a worker I am moving toward a barter system among my peers, keeping more of what I have and giving less to government. Do the same, stop paying taxes, stop working, dry up the government’s resources? Oh that’s right, can’t make it without the system in place. Always a sad story to tell

    • Tom_F

      ***your bullet points are entirely meaningless. Statistics and percentages are always easily skewed.***
      Silly attempt at a point, and a quote used only by people who do not understand statistics. Each number within the statistic and percentage Mike notes is a real person, with a real story. It isn’t “easily skewed”, because Mike has a point of comparison for each. And your criteria of “rioting in the street” as a measure of how bad the economy is sounds ridiculous; what would a riot accomplish? These people getting 69% of the Federal budget in entitlements and welfare, what would they riot for? Even more money? If they overturn the Federal govt, they will get NO money.
      Have a cup of coffee and regain your composure. Come back when you’ve thought about what you learned just now, and can apply it constructively.

    • wally

      Forget the economy. Our freedoms are being taken away from us at an alarming pace. You sound like one of the sheeple that is just going to go along with whatever happens. Well that is your choice but as for me and my family we will continue to fight for freedom. It is freedom that made this country great and not surfdom. Not everyone is a slave to the society “we” have created. I vote every election. I didn’t vote for any of the current members of congress or the presidency. I didn’t vote for Obamacare or immigration reform. I didn’t vote for taxation and regulation on corporations. I didn’t vote for crony-captialism. I didn’t vote for a trillion dollar stimulus. I didn’t create it nor did I help create it so you can be a follower if you want. Enjoy your 600sf house and you government bread and cheese.

      • http://batman-news.com PullHeadOut

        Cool Wally, You missed the entire point. I don’t have a big house and I don’t get government assistance. I am a working stiff that is sick and tired of giving 40 percent of my labor to the government to hand out. Like you I didn’t vote these crooks.

        • PotHead69

          Maybe you should hire a new accountant dummy. I’m down to a low 20% tax rate after deductions

      • GSOB

        Once the game is over, the
        king and the pawn go back
        into the same box.

        – Italian Proverb

  • GSOB

    Don’t worry folks.

    Palin for the next POTUS!
    She can defeat Clinton.
    Palin likes to baptize terrorist. (Waterboarding)
    What an historic race that will be.

    • PotHead69

      Joking right? You really would like to see that retard in charge?

  • http://www.southerncrossxray.com americalsgt

    I agree that things are much worse than the media would tell us, and the lies from Washington are there, but I have to ask:
    On #4, does the 20% figure include people over ~~ 68? My wife and I both are 67, but still working, but many our age are not. I’d like to see the percent of those who not of retirement age. On #17 does that include people getting their money back from the government in the form of a social security check? I do, and in no way do I feel that I am getting a Benefit from the government. First they took my money from me for 50 years, gave me 0.00% interest and then while they dole it back to me like a child’s allowance, they tax me again. That is not a government benefit check.

    • Hammerstrike

      Good thing you do.

      Working keeps you active and inflation is much higher than official numbers shows, will soon get even higher.

  • Johnny Palestine

    Meanwhile the Obamas, the ” hope and change con artists” are living better than King Farouk

  • http://www.FounderChurch.Blogspot.Com/ “FounderChurch”

    It’s not the immediate effects but the long term eating away of everything that constitutes a healthy society. The final fall will be likely quick. Red China ally of Russia just passed us economically. Anyone see the way it’s heading?

    • PotHead69

      Doom! Gloom! Buy my crap, send money to my church. Gold! Buy gold!

  • Mike Smithy

    Because Obama!

  • DerpDerp

    I just spent a little cash on several solar panels, wind turbine, batteries and controllers. I figure that if things continue on the course we’re on, having a source of electricity off the grid is a wise thing to do. Granted, the size of the system I purchased won’t power the entire house, but it will keep my well and hot water heater running. As time goes on, and finances allows it, I’ll add to the system, and power other devices, like a refrigerator, some LED lights on a 12v system set up in the house.
    i’ve long since given up on the government, or corporations fixing the problems. Anyone relying on government, or thinking politicians of their favorite political party to solve the problem, is pretty much screwed. Anyone not taking personal responsibility for themselves will find the world getting harder and harder to live in. I’m not going to be one of those people.

    • Drud

      It is a great idea and I have been trying to get the wife sold on it for a while. Might I suggest the next most important thing to power (after well pump) in times of emergency is a chest freezer. They are very efficient, as cold air does not fall out of them when opened and they have thick insulation, and you can keep frozen water bottles (2 liter soda bottle work great) in there. This accomplishes 3 things, first, it keeps temperature more stable, enhancing efficiency, secondly, they can be rotated to chests to keep food at refrigeration temps, and third, when thawed, they are easily transportable drinking water.

  • Michail Azarniyouch

    Far from truth, but again basher’s are basher’s.

  • edward emmell

    I live in Delaware I been reading these dooms day articles for years. The collapse of society. America is going to fall apart. I been reading this on this web site. All of the numbers you use 15 signs of that 50 sings of this and still nothing nothing and nothing has happened. I still live lousy life. I wish the end would come

    • wally

      I understand your concern. There has been this talk for many years and yet nothing major is happened but if you take a micro look at things then a lot has happened. It is like a slow moving train wreck. On a micro scale our freedoms are being eroded every day. The middle class is being systematically destroyed, piece by piece.

  • Donald Wilson

    The destruction of the worlds economy is intentional the globalist, elites and the useless politicians have been in bed for many decades. Soon they will have achieved their goal, the obliteration of the middle class followed by massive enslavement in FEMA camps. Total control of the masses is their MANTRA…The End

    Bravo Two Zero out

  • Bruce

    And now it appears the minimum wage bill is dead in the Senate. They are keeping the minium wage at 7.25. What a DISGRACE!!!!!!!!!!!!!!!!!

    • Adrian

      It is indeed. But the next step is theoretically to throw the bums out and hold elected officials accountable. But does this ever really happen? If it did, I think those clowns wouldn’t vote against the pocketbooks of the American people and side with the elites who own them like they always do. Hence, our political system is busted, broken, and beyond repair.

      • Bruce

        True our poltical system is broken, busted and beyond repair. Which is why I have said many times that WE the people will have to TAKE (OUR) country back at some point.

        • Adrian

          True enough, but we don’t seem to be doing a good job of it. We’ve become a plotocracy, and the news about the economy gets worse all the time. I do sense a shift in public opinion compared to just 10 years ago. Back then, it seemed like everyone was mouthing neoliberal platitudes, unaware it was going to destroy them financially. Now, more people seem to be aware of the enormous levels of income inequality and want to see programs like the minimum wage hiked and the rich taxed more. Thanks to the GOP, however, not even that long overdue bit of business can be taken care of.

  • 2Gary2

    Let’s get it straight. Wealth inequality is due to accumulation of
    profits at the cost of the workers who make the products and sales that
    make the profits possible. So. You can’t have it both ways. If your
    profits are not being shared with your company’s working members to at
    least the degree of affording them a living wage, so that they are
    reliant on the government taxes for food and medical care – living
    requirements – then the government has the right to take enough money
    from your corporation to cover those expenses.

  • Drud

    Perhaps the most insidious and painfully drawn-out parts of the collapse we are experiencing is the fact that the symptoms appear minor, at least for now. Everyday there is a new MSM article on the improving economy or how the recession that ostensibly ended in 2012 has now shifted in a slower that usual, but “stable” growth mode. The reason it is so insidious is that it appears to be true in so many areas of life. The system is still up and running for most Americans. The gas stations have plenty of gas, the grocery stores have plenty of food, Home Depot positively bustles with activity all weekend long–the list goes on and on. But, it is obvious to anyone willing to step outside of their comfort zone and look at things critically, that we are on a radically unsustainable path, marching not only blindly, but willingly, sometimes merrily, towards doom. I fear the longer we live the illusion, the harsher reality will become.

  • http://www.facebook.com/jack.harper.520562 Jack Harper

    China is slated to over come the U.S. economy this year.
    Not 2019 like most economists claimed.
    Is this due to China’s rapidly expanding economy or the faltering of the U.S. economy?

  • Adrian

    I posed a liberal paradox before and no one was able to address it. I will do the same again, but instead of thoughtful replies, I fully expect a barrage of angry ad hominems as I burt the myth that so many on here cling to. Here it is: Many on this site often decry the shrinking middle class, growing national debt, and loss of opportunity, as well as rising costs for college (unaware that this is the result of slashed taxes), healhh care (ignorant that this stems from a for profit system with middlemen who seek profits over human health). Many here call for less government, unaware that we’ve seen a period of 40 years of gradual DEREGULATION as it is, with dire results. They say the mythic “free market” is the answer to all problems, and a few cite archaic Biblical verse as if that stands for fact and reason. Yet, inevitably in an unregulated capitalist system, as Marx predicted over 150 years ago, that over time, successful firms will buy out the less successful, growing in power. They will inevitably become less efficient as competition fades, and gain the ability to influence politics. They can then write the laws and they become tyrannical, but we have no bill of rigghts protectinmg us from private power, only government power. So, I ask thes elibertarians how they seek to address this paradox without the inevitable necessity of government regulation of capitalism and the implementation of social democracy. Let the whining and ad hominems begin, as is the norm of this blog.

    • Drud

      Because the deregulation you speak of has been done in order to shift the playing field in further and further to the advantage of the big player, at the detriment of everyone else. True deregulation most benefits the individual consumer. This is almost assuredly a long-term effect of free market economies, I will not argue that point with you, what I will say however, is that free markets combined with a society that celebrates liberty does the most good for the most people for the longest time. It is not a perfect nor permanent solution. On the other side of the coin, any rational and kind-hearted person would read Marx and say “Yes. This sounds great. :Let’s do this.” But you see how it works out in the real world? The elation of the Novermbrists quickly turned into the horror of Stalin’s iron-fisted rule. All systems of government/economy fail in the long run, but , the United States has had a truly unprecedented level of growth and prosperity, if not quite peace, for 2 centuries. There is no magic bullet government out there, humanity is badly flawed and highly self-destructive. Personally, I do believe liberty is the best system yet discovered, and it is very attractive to me, as I believe myself to be a true self-governing man.

      • Adrian

        Marxism doesn’t inevitably turn into Stalinism. Look at Western Europe, which has parties based on Marxist principles and they beld free markets and liberty with redistribuition so that everyone shares in the prosperity instead of the wealth floating to the tiny elite. You’re right that there are flaws in everty system, so why not go with that which provides the greatest good for all?

        • Drud

          No, it is not inevitable, but I still argue that liberty and free markets do the most good for the most people. Western Europe has the same problems as here: a dependent electorate and an over-reaching government that can only make good on its promises by printing money. It works well for a while, but then again, so does heroin.

          • Adrian

            But then we get back to the paradox. If markets are completely unregulated, the more successful ones grow and gobble up the less successful, becoming monopolies and oligopolies. What mechanisms would prevent such a thing? Also, what of funding public goods and investing in human capital? Government is necessary; the trick is making it work for all of us and keeping it from being co-opted by elites.

          • Drud

            Of course government is necessary–even the smallest, most anarchic groups of people have some form of government and some form of hierarchy–but I believe the Jeffersonian ideal that the government that governs best, governs least. And, yes the government needs to be involved in commerce, but it must also be independent of commerce–a mediator of last resort. That is where the system has failed in the US–the marriage of Government interests and Corporate interests. I think that an ideal government is one that exists to guarantee the individual rights and liberties of its citizens and to maintain a fair and well-regulated currency. The US government has had many epic fails on both fronts for the last century. Also, a note on permanence–it does not exist. The only thing close is a cycle, where the end of one is the beginning of the next. This is a concept that always eludes economists. They assume everything grows, constantly in a nice straight line. It does not matter what “models” one applies when it is based on such an absurd, fundamentally impossible premise.

          • Adrian

            I agree with most of what you say. My only problem with Jeffersonian democracy is I think our society has become too large and complex to exist in that ideal type. I would love to have my own land and have a farm and be totally self-sufficient, not having to rely on anyone or anything Yet, or society and economic systems have rendered such lifestyles archaic for most, and most of us are in fact dependent on others for our livelihoods. I see government as a regulator that can offset market fluctuations, natural disasters, etc. Perhaps that is just the nature of our social and technological developmental levels?

          • Drud

            I absolutely agree that our society has become too large and complex…period. De-centralization is the real answer and also an unavoidable path if a long enough time frame is considered. Complex systems always fragment, otherwise we would all be part of the Egyptian Empire today. I suspect a future in which small communities (several thousands? tens of thousands? perhaps a million?) of like-minded people form their own governments and the very concept of Nation States fades…of course, within a few generations these societies will merge, form larger more complex societies and start the whole mes over again. mathematically (economics and thermodynamics) as well as history suggests this will happen, the questions are only a matter of the details..namely, how long will it take (years, decades or generations) and, unfortunately (how many people will die in this transition period.

    • davidmpark

      Naw, not going to prove you wrong right now – on a victory high and don’t wanna spoil the good vibes buzz. (Cha-Cha-Cha) The Good Lord gave me this victory and I’m gonna enjoy it! :)

  • Bubba Johnson

    100% accurate.

  • Mondobeyondo

    We didn’t learn much from the crash of 2008, did we?

    Five and a half years later, it’s business as usual.
    Wall Street is on a roll, once again. The mainstream media sings the praises of the Dow Wow Wow every time a new record high is reached. Same with the Nasdaq.
    Home prices are rising again. Banks are beginning to hand out credit again. Happy days are here again.

    Just a reminder: All is [NOT!] well. I have this sick feeling that we’re in for another crash. A new Eden on the horizon? No.
    Alice in Horrorland…

  • Mondobeyondo

    Dow Jones exchange just reached 16,580 points, a new record high..Sorry, but I’m not feeling the good times.

    • PotHead69

      You should have bought stocks instead of gold then clown

  • Mondobeyondo

    I will temporarily change my name to Galileo for the moment. For those who don’t know, especially fellow Gen Xers,, Galileo was some old astronomer guy who tried to convince people that the Earth was not the center of the universe.

    The year is 1610. Galileo had a small, somewhat primitive telescope, which he used to see craters on the moon and moons around Jupiter. Shame it was not 1969, because his mind would have been blown by what was happening with NASA. and the space program.

  • davidmpark

    WE WON! WE WON! WE WON!!!

    Salt Lake County just sent us notice they are allowing residential noncommercial meat rabbit farming within county limits. They are allowing us to have the breeding stock under commercial limits for our own use. We only need to adhere to a few standards that we were doing anyway! State of Utah has laws that allows the practice in unincorporated areas, and the city has already stated publicly and in writing they will approve of the practice if the County allowed it – and the County just did!!!

    We petitioned our government by sending them all the information I could research. I presented a great case, and they approved it! The system does work so long as it’s done right.

    The poor and afflicted now have another avenue to support themselves! No more food stamp oppression; there is a choice! And should economic turmoil come, people can have renewable resources in their possession that can be expanded to help neighbors. This is monumental!!!

    How easy this can be for getting so much more done. How quickly can this economic turmoil be REVERSED if citizens would just present a good case for making changes. And if those petitions for redress are not heeded and changes made; we can simply find good people to replace those who won’t do the job.

    The collapse can be reversed! It took a lot of work for just one man in a bad situation to turn this part around. Imagine what many here can do – able bodied men and women (yes, some have their own issues, but that just makes it more fun) in the hundreds here. Imagine what YOU could pull off where you live! It’s possible – seize it!

    • K

      Congrats, and well done. It is never easy to fight city hall. But neither is it impossible.

      • davidmpark

        Thanks, K! It wasn’t just City Hall: there was County seat and the State Machine to overcome also. This was a heck of a fight.

    • Orange Jean

      Great news! Congrads!!

      • davidmpark

        :)

    • GSOB

      Poor wabbits

  • Bub

    The first quarter GDP came out at +.1% and they blamed it on the weather. I bet the real figure was negative. When will they realize that most people are tapped out?

  • JPS

    Thanks for deleting my comments. Anything someone says to refute whatever points he makes will be erased. This guy is out to get money from your advertising hits and book sales. Fear sells, and you are all falling for it. Bravo.

    • cpgone

      Go back to MSNBC, truth is there.
      Ive had some comments deleted over the years .. I really think its the comment system.
      But now you will accuse me of X

  • T.j. Thomas

    “#16 69 percent of the federal budget is spent either on entitlements or on welfare programs.” Only if you count Social Security, which of course is paid into. Otherwise it’s just slightly under 15%.

  • FortuneSeek3rz

    While the U.S. has its share of social problems, like all countries, the times we are living in now are better than they have ever been. For some perspective on the “woe is me” mentality, please read Savage Continent: Europe in the Aftermath of World War II, and you will be downright embarrassed that you ever complained about your modern day life.

    • Mondobeyondo

      You are so correct.
      In spite of our myriad social problems, we no longer have to fear polio. We can be forever grateful for that – among many other things.

  • Mondobeyondo

    Let’s get one thing straight. I can’t predict the future, any better than you can. I have a vague idea as to how things will turn out. But any specifics? No way.
    However, I do know one thing.
    If you keep the faith, you’ll make it.
    Not without harm or damage – you will be battered and bruised. Oh yes, you WILL be.
    But’ you’ll survive what’s coming.

  • Jay_Sherman

    There can be no recovery in a system which confiscates and destroys the wealth of it’s citizens; is built upon fiat money and debt; and perpetually spends exponentially more each year than it takes in. There can be no recovery to such a scheme…anymore than there could be a recovery from living off of credit cards and using one card to make payments on the other, while your income isn’t even sufficient to pay a one month’s statement.

    It’s just a slow lingering death, with occasional band-aids applied that make the march to the grave seem a little slower now and then. (Probably why we are provoking war with Russia- as the big-wigs know that we can not recover….so they’ll shift the blame to another country.

  • Mudpie

    I believe in having empathy for the poor. It is our elites who have taught them to buy into fascist/socialist policies. Gotta admit I do find if frustrating. But in this economy, especially, it is easy to get blindsided at all economic levels and since there is no longer the opportunity structure that used to exist, it can be much harder to get back on one’s feet.

    Hell is coming. Love they neighbor.

  • Mondobeyondo

    Once we dig out heads out of the sand, things will hopefully get better. Don’t bet on that happening anytime soon though. Sorry.

    The Pepto Bismol is on standby, Yeah, I’m gonna need it..

    If you want stupid crappy irrelevant stats, I can accomodate. I’m not the best at this, but I’ll try. Anyway, here goes:

    Please note:
    I’ve made all of this up. There is NO factual basis for any of this.

    77 percent of Americans think everything is just fine.
    83 percent of NBA fans think Donald Sterling is a racist.
    The other 17 percent don’t care.
    14 percent of Americans are excited about the new “Star Wars” movie, scheduled to premiere in December 2015. Six percent of the males surveyed, still had the hots for Carrie Fisher (Princess Leia).
    43 percent of respondents wanted to retire as millionares by 2018. Sadly, most will not reach that goal.

  • DeadManFromIndia

    way too much negativity. Things are getting better for everyone on the whole, except for a few places like Iraq, Syria, Afghanistan etc. Even a relatively poor country like India has managed to eradicate Polio. Wars are less. In fact, things are so much better that few hundred deaths is called a global pandemic. Where things are not getting better is the ecosystem. Humans are destroying ecosystems, now will this have massive repercussions, we have to wait and see. But the fact is humans are very resourceful and adaptable, maybe they will adjust.

    • jaded

      We won’t adjust, we’ll de-volve and become extinct. The earth will adjust and flick us off, like a tick.

  • Mondobeyondo

    Something is seriously wrong here. Even I can tell that much, and – never mind.

  • Mondobeyondo

    One more time again… here we go.

    Jesus Christ died for us.
    He is our only hope. Our ONLY HOPE.
    Without Him, every single one of us
    would be condemned to eternal punishment.

    Jesus was God in the flesh, as a human being.
    He lived among us. And he died among us.
    Jesus never committed a single sin. Not one. Oh, he was tempted to sin. But He did not.
    Got it so far?
    Okay.

    Jesus was born of a virgin, Her name was Mary.
    You can refuse to believe it all you want.
    But it will not change the final outcome.
    Do I believe in the virgin birth?
    Yes. I do.
    The ONLY way God could have been born as a man among men, was by being conceived by God the Father.
    Period. Paragraph.

  • Mondobeyondo

    Where is the :ignore: button?

  • aliceinwonder

    “A nation…cannot survive treason from within…the traitor …wears the face of his victims,…and he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation—he works secretly…he infects the body politic so that it can no longer resist. A murderer is less to be feared…….” Cicero, 42 B.C.E.

  • Adrian

    The NY Times reported 1st quarter growth rate in 2014 of 0.1%…where are alll these job creators who have tax rates as low as in the 1920s?? You can’t create a much friendlier business climate.

    • Backdoor Barry

      Are you serious? You obviously don’t work in the private sector because the environment has never been worse. What are my tax rates going to be with obamacare next year? How many more rules is obama going to change on his own regarding the ACA? Why would I hire anyone not knowing this? How many more reg’s can I expect from the feds, they constantly change and increase them. People are simply not opening their wallet because of the lack of confidence this administration has instilled in people. I should know, I own my own business.

      • Adrian

        Yes, I’m serious. You are operating in an environment that, while there are regulations (all societies regulate), these regulations have never been so low. Count your blessings.

        • Backdoor Barry

          You’re a statist, you believe in the ever expanding growth of government – fine. We’ll agree to disagree.

          • Adrian

            A statist…whatever that means. We’re all statists, to some extent. Perhaps you’ve heard of social contract theory? Also, the GOP fillibustered a minimum wage hike, which is 40 years overdue. Take comfort, as a small business owner, that it’s now permissable to continue paying workers subsistance (poverty) wages, thanks to the actions of the state which you abhore.

          • Backdoor Barry

            I pay my employees more than minimum wage. If you can’t make more than minimum wage, then maybe it’s because you’re not worth more. By the way, you’re simply wrong. Fed reg’s have in fact increased under obama.

          • Adrian

            Here come the ad hominems. I never did say I made minimum wage, now, did I? Yet, I also recognize that it is an insult to pay people subsistence wages, as do 77% of all other Americans. Unlike you, I do not subscribe to this idea that some people are “worth” more than others. I’d hate to work for a boss like you. By the way, thank the state for keeping the minimum wage low at poverty levels.

          • Backdoor Barry

            Don’t worry, you’ll never have to worry about working for someone like me, because nobody in the private sector would be stupid enough to hire someone like you. Enjoy your overpaid government job while it last’s, because it won’t.

          • Adrian

            LOL, and so you assume that because I don’t make minimum wage that I work for the government, AND am somehow overpaid. It’s not surprising you make so many erroneous conclusions about someone whom you don’t even know. Wow, and you call me stupid…how many college degrees do YOU have?

          • Backdoor Barry

            Actually some the stupidest people I’ve ever met have college degrees. So you’re saying a college degree equates to intelligence? Wow, how elitist of you, but then again you’re a lib so I would expect that much.

            Just about anyone with a pulse can get a degree now, it really doesn’t mean what it use to.

          • Adrian

            There you go again. I’m not a liberal, either. It’s hard to earn 5 college degrees and be stupid…that would take some doing. It’s always those without degrees who have no idea what it takes to earn a college degree, and thus disparage peopl;e who have them. You call me elitist, I call you envious. But, believe what you want…

          • Backdoor Barry

            You’re assuming I don’t have one, I do, a B.A. which I consider no big deal except for the student loan bill.

          • Adrian

            I don’t disparage your BA; I think college educations are a good thing. You shouldn’t disparage my 2 BAs, 2 MAs, and 1 PhD (in progress) by implying that I am stupid. Just because someone disagrees with your view of the world does not make THEM stupid. I think there is a dearth of civility in our scoiety and people should show respect to others, even if they do not agree.

          • Adrian

            In the same tune of the classic 1970 song Signs, “Ha, imagine that! Me working for you!”

        • Gay Veteran

          Fewer regulations for large corporations, not small businesses

  • isnamthere

    #16 has to be a lie. We ALL know that the majority of the federal budget is given to the military industrial complex.

  • http://batman-news.com PullHeadOut

    According to the Federal Reserve’s own statistics, total U.S. bank credit growth is accelerating at a rapid clip this year, as shown in the chart below, expanding by $250 billion since December 2013. Commercial and industrial loans are growing at an annual rate of 23 percent year to date.
    To me, this is clear evidence that the Federal Reserve’s massive balance sheet expansion, which just passed the $4 trillion mark, is beginning to seep into the real economy at last.
    Until now, this unprecedented liquidity was being held captive in the banking system as excess reserves on deposit with the Fed. But now all this money is being put to work, perhaps in part to help finance the stock buybacks and merger and acquisition activity we’ve been hearing about in recent months.
    Mike B.
    There are a few stats to digest.
    Seems all this doom and gloom is just feeding the fearfull. We may not agree with what is going on, but stop being afraid.

  • Bodhi Sattva

    Why hope for the system to go on? The amount of debt and derivatives are clear proof that this is an economy that must go in debt forever just to exist. The longer this system exists at all will determine how harsh and for how long the future suffering will be. Heck at this point when things do go down it is going to be Mad mMax,

  • usmcmailman

    The Good Lord in his infinite wisdom wants us to care for each
    other. It is the “right” thing to do !

  • Spy#1

    “MasterCard, whose shares rose as much as 4.3 percent in morning trading, said its net income rose 14 percent to $870 million, or 73 cents per share, in the quarter. Analysts on average had expected earnings of 72 cents per share.”

    How can this be all bad? people are spending money…the economy must be good.

  • Jim

    May Day

    One-hundred years ago, striking American coal miners armed with Winchester rifles were caught off-guard by the sharp repeat of rounds fired into the Ludlow tent colony in southern Colorado.

    Over 8,000 miners had faced a harsh winter with their families in encampments dotted along a steep canyon near the mines, striking against John D Rockefeller’s Colorado Fuel & Iron Company for fairer working conditions and the right to organise.

    For hours on April 20, 1914, a firefight between camp guards and the Colorado National Guard created chaos. By nightfall, soldiers set a fire that whipped through closely pitched tents, chasing miners and their families out. Two women and 11 children remained huddled in the colony’s infirmary tent, hidden in a cellar dugout to wait out the gun battle. Unable to escape, they suffocated beneath the flames. It remains unclear how many others died that day.

    The funeral processions held for the women and children who died at Ludlow ignited smouldering anger among miners who went into a full force 10-day guerrilla war, systematically destroying company property and sabotaging the mines.

    The Ludlow Massacre marked a major upheaval in an era dominated by rapid industrialism and the protests of a new labour force pushing back against exploitative working conditions and mechanisation. On May 1, commonly referred to as “May Day”, marches around the world commemorate labour struggles that harken back to this period.

    • jack

      That can’t be true after all the US was founded on christian principles and that would never, ever happen in a christian nation. Only in 2014 where people are heathens and do not believe in god.

  • Spy#1

    The Car Connection website has reported that new car sales are up and people are spending more for cars thanks to longer financing terms.

    I cannot believe a 72 month car loan. I can remember a time when a bank would not let you go past 48 months. Every time I financed a car, the salespeople always told me that after 4 years, your car is not worth one third of what you paid for it. The exception being a classic that is no longer being produced.

    I seriously believe new car loans are the next bubble to burst. Then, it will be the time to pick up a new bargain.

  • Jim

    You are an old man who thinks in terms of nations and peoples.

    There are no nations. There are no peoples. There are no Russians. There are no Arabs. There are no third worlds. There is no West.

    There is only one holistic system of systems, one vast and immane, interwoven, interacting, multivariate, multinational dominion of dollars.

    Petro-dollars, electro-dollars, multi-dollars, reichmarks, rins, rubles, pounds, and shekels.

    It is the international system of currency which determines the totality of life on this planet. That is the natural order of things today.

    (…)

    There is no America. There is no democracy. There is only IBM, and ITT, and AT&T, and DuPont, Dow, Union Carbide, and Exxon. Those are the nations of the world today.

    Network — 1976

  • Hammerstrike

    youtube.c o m /watch?v=vu_2dAaszT0

  • squashpants

    Since the unemployment rate has plummeted .4 points and their was robust job growth, the pressure is on for the Fed to taper. Am I right?

    • thoomfoote

      Unemployment rate has NOT plummeted.

      • squashpants

        That, of course, is a matter of opinion. Four points down I think warrants a verb like “plummeted”, considering that most changes in the UE rate are 1 or 2 points.

        • Gay Veteran

          then why has the labor participation rate gone down?

          • squashpants

            Look, I am saying the UE rate, as currently defined (which means that those who are no longer looking for work are not counted) has plummeted. Nobody, certainly not me, is ignoring the fact that a markedly declining labor participation rate figures strongly in this “plummet”. I am just saying for what it is, it is a remarkable, on-the-surface positive change for the index. The low information voter will take it as a sign that things are getting better.

          • Gay Veteran

            totally agree about the low info voter

  • Adrian

    Already have one, but thanks for the advice.

    • Guest

      Wow. I’m impressed.

  • Adrian

    288,000 jobs created in April.

    • Guest

      800,000 dropped out of the workforce in April.

    • LIBERALMENSWALLOWSEMEN

      mostly low wage jobs, thanks for your destruction of the economy you racist piece of liberal garbage

    • LIBERALMENSWALLOWSEMEN

      isn’t adrian a women’s name?

      • Jodie Lynn Gaeta

        That would be Adrienne.

    • LIBERALMENSWALLOWSEMEN

      tell us about the labor participation rate you fembot liberal, bwhahahaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

  • DJohn1

    Anyone who wishes to survive the coming great depression must go into service type jobs.
    Whether it be the plumber job, the heating and air conditioning work, a tech knowledge and ability to work on cars, diesel mechanics, nursing, or some kind of retail sales(cashiers), it will all be service kind of jobs that stay here instead of being shipped overseas.

    That said, no job is secure.
    We, as a people, are going to have to learn new skills to keep working. In a career that spans 41 years, I relearned my trade at least 6 times. I was very lucky to have a Union Contract, a job in trust, and a prosperous company to work for.
    Things are not as bad as they seem. On two major highways leading into my community, there are over 40,000 vehicles travelling both directions every day.
    A lot of those vehicles are people going to and from work.
    In every block of this city of plat homes, there are at least two vacant foreclosed homes. These homes are cheap. They are in the 70,000-90,000 dollar range. They are 3 bedroom, 2 bath, one and two car garage homes on a cement slab. (Very few have a basement)
    I know because in the 80s, I sold homes. There are over 60 different models to choose from. They range in price. The current home I live in is in the 140,000 range with two garages. One in the back is one we use for storage.
    There is an actual apple orchard behind our property.
    It is no longer used so the apples are free.
    I live in Southern Ohio.
    There is a big problem. Mike has described it in a number of articles quite well.
    Well, we know that somehow we are going to have to Bell this Cat/economy. What no one seems to have is a decent solution to the problems brought on by this and past Congresses that appear to be dumb as s**t.
    I believe that they should all repent. That they should get on their knees and ask forgiveness. Then ask for solutions that will bring back the United States of God-worshipping people that gave us what we enjoy to begin with.
    No one wants anyone to be forced to believe in anything.

    I have seen hard times in my 41 years of work. But I chose God. And that is why even today, I have something to show for my efforts.
    When money does come my way. I tithe to people I believe are of Christian belief and of God. He has blessed that tithe many times, and given me things beyond belief. I always keep the tithe secret between me and God.
    When I was a leader in my Union, I would often pray in secret. I was always rewarded in public by those requests for help from God.
    That is my solution. For what ever it is worth.

    • jerome

      Worth a lot and right on me too!

  • 2Gary2

    If
    there is only one thing Republicans hate more than minorities, women,
    universal healthcare, and living wages it is government programs the
    people love because they work.

    • thoomfoote

      And science…

      • LIBERALMENSWALLOWSEMEN

        liberals are clueless excrement, lying sacks of garbage

      • LIBERALMENSWALLOWSEMEN

        liberals are clueless excrement, lying sacks of garbage, bwahahaaaaaaaaaaaaaaaaaa

    • LIBERALMENSWALLOWSEMEN

      lmao.
      bigger job growth area for women in the last 5 years has been waitress jobs
      you own slavery, kkk, jim crow laws, obama, sharpton, jesse jackson, sheila jackson lee, holder – all pure racists

    • LIBERALMENSWALLOWSEMEN

      obamacare has been a complete disaster. tell us about the 8 million who signed up, we need a good laugh.
      bwahahaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

  • heebiejeebies

    I can’t handle all the news now on our government take over and the economy. It won’t be long before the guns come out.

  • Bruce

    I read all the articles on this site and make many post as well. However, some recently released info about climate change causes me to believe ALL of this may be a moot pont anyway. They are talkng about extinction level climate change and SOON. Apparently even NASA and NOAA agrees we will see major changes as soon as 2020 and unsurvivable changes by 2030!
    It might be wise to search youtube for Guy McPhearson vids. The info he laid out with sources made me pay attention. Sorry for different train of thought.

    • jaded

      Time for another species to thrive… not that we really did.

    • stopthesocialism

      “Climate Change” is pure hype. You can also find articles that say the North Pole would be ice free by now, and the Maldives would be under water. Didn’t happen.

      • acel

        Carbon emissions have most certainly had some sort of effect. We are our own worst enemy. Some of these things may take many many years, doesn’t mean it won’t happen. If only people weren’t so short sighted.

        • LIBERALMENSWALLOWSEMEN

          why are liberal men so effeminate?

          • PotHead69

            Jealous. You must have a fat wife

      • thoomfoote

        Can’t wait to see the publication of your peer reviewed research in meteorology, climatology, geology, glaciology, oceanography and the other earth sciences that support climate change. Keep up the good work.

    • LIBERALMENSWALLOWSEMEN

      lmao

  • ZombieApocMan

    I see absolutely NO recovery in my city. Over the past couple years more retail stores have closed than ever before in this city. The only new complex that has gone up is a new IMAX theater. There’s so much empty retail space and warehouse space it would probably equal the size of a small city now. Most of the hiring jobs are well less than $15 an hr here seems to average $10 an hr. Of course if you go out and about there’s still plenty of people shopping. I myself w/a family of 3+1 dog spend a lot less money now on unnecessary items like movies, cars, tv’s, clothes and other misc items that aren’t really needed. Why our gas prices have recently skyrocketed to over $4 a gln and climbing, our taxes are slightly higher, my health insurance increased $60 a week with our new contract family plan, Food prices have steadily climbed with even smaller packaging, but food is our #1 major expense now. We drive less and go less places. I have No doubt that the Financial collapse will happen again probably with the stock market bubble. I just hope I’m more prepped with not only food and water but baby gear as well. Because I’m sure the next wave of collapse will be much worse than 08.

  • DJohn1

    Gerald Celente seems to think that we can predict an economic collapse as soon as June of this year.
    June until November is not a long time. But it might mean all the difference in the world to those attempting to get re-elected to the Congress.
    I predict that anyone in office right now might find themselves at a distinct disadvange in the coming election no matter what party they are from.
    Anyone interested should study the mini collapse of banks around Texas in 1988-89. People could not get to their money. As a result, many could not pay the mortgages on their homes. The same banks often owned the mortgages and foreclosed those homes even though they had people’s savings accounts at the same bank. The bankruptcy meant that they collected the bills but did not feel obligated to give the people their money back.

    Why am I not surprised?

  • LIBERALMENSWALLOWSEMEN

    ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha

  • LIBERALMENSWALLOWSEMEN

    is this the 5th summer of recovery? ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha

  • Dave Wilbur

    In The National Debt, the feral (sic) Reserve said: The Federal Reserve, in cooperation with the Federal Government has the inherent power to create money, almosts any amount of it. This power makes technical bankruptcy out of the question.
    I forgot next sentence but it is very important. You may find it with google.

  • Spy#1

    Here is where I stand on the issue. I am in my mid-fifties and long term unemployed. I have a pretty useless 4 year college degree, and have permanently stopped looking for a job. I have been downsized several times. I have had jobs in my working life which could have been considered middle class. I have also had jobs in my working life which were lower class high stress revolving door type jobs such as call center customer service, security…etc. What the majority of people who are unemployed and over the age of 40 don’t realize is that if they regain employment, it will in all likelihood be for much lower pay than their previous job. It will also not have the upward mobility of their previous position. This is not cast in stone, it is however pretty much the norm today. There was a time in this country where a person would be rewarded with a long career for displaying a hard work ethic and loyalty to their company. I am sure almost all of us know this. Today, there is no such thing as a loyal corporation. You can pretty much be singled out for dismissal by age, affirmative action status, and gender. I have worked for two companies in New Mexico: Qwest Communications and Motorola Ceramic Products, where being Hispanic or Native American always trumped ability. I have been called racist for stating this for the simple reason that racism against whites does not exist. You want to get ahead financially? Start you own business where you don’t have to put up with corporate BS.

  • Dewey Olsen

    The Struggle within America—Isaiah Saw It All!
    by Avraham Gileadi Ph.D.

    Many regard Isaiah’s prophecy as a sealed book. Who does it address, only people in the past? A key to this mystery exists in the linear and synchronous structures that govern the book of Isaiah. These enable us to read it as a prophecy about the past but also as a prediction of the future. The book of Isaiah, in other words, serves a twofold purpose. Without taking anything away from what happened in the past, it uses the past as an allegory of the future. In that case, persons and nations of Isaiah’s day typify ones who perform similar roles at the end of the world. The names of past persons and nations function as codenames for their endtime counterparts.

    The importance of understanding Isaiah’s message increases daily as world events line up like planets for the fulfillment of his prophecy. Under the codename “Egypt”—the great superpower of Isaiah’s day—America is predicted to suffer spiritual decline, political ineptitude, economic collapse, internal anarchy, and invasion by a foreign military world power from the North—a latter-day “Assyria.” On the other hand, a community of covenanters in “Egypt” will turn back to Jehovah,
    who will send them a savior and deliver them. In the end, at the commencement of the millennial age, America will again become “my people”—a covenant people of God (Isaiah 19).

    5. 20. 2010

  • Dewey Olsen

    End-Time “Egypt”—A Superpower in Decline
    by Avraham Gileadi Ph.D.

    Isaiah’s use of types of ancient world powers that foreshadow End-Time ones extends to the great superpower Egypt. As with all nations and persons who appear in the book of Isaiah, their true identity emerges when we observe how Isaiah characterizes them, not when we apply historical or archaeological data, though at times that may help. In searching the world today for a nation that matches Isaiah’s description of “Egypt,” the sole candidate is America. That connection is further strengthened by the fact that God’s people anciently dwelt in Egypt, that Joseph ruled Egypt, and that the birthright tribe of Ephraim sprang from Joseph and Asenath, an Egyptian woman.

    Isaiah’s “Egypt,” however, is a superpower in decline: “The ministers of Zoan have been foolish, the officials of Noph deluded; the heads of state have led Egypt astray. Jehovah has permeated them with a spirit of confusion; they have misled Egypt in all that it does, causing it to stagger like a drunkard into his vomit. . . . Manufacturers of combed linen and weavers of fine fabrics will be dismayed. The textile workers will know despair, and all who work for wages suffer distress. . . . I will stir up the Egyptians against the Egyptians; they will fight brother against brother and neighbor against neighbor, city against city and state against state” (Isaiah 19:2, 9–10, 13–14).

    11. 16. 2011

  • Dewey Olsen

    The book of Isaiah—Blueprint of Our Time
    by Avraham Gileadi Ph.D.

    What sets the book of Isaiah apart from all other prophetic writings is its all-inclusiveness in depicting an End-Time scenario. More complete in its portrayal of that time than even apocalyptic writings such as Daniel and Revelation, it spells out a great confluence of events to which humanity may look forward. Using Israel’s ancient history as an allegory of the end of the world, it predicts the future by drawing on events of the past. Only a prophet–poet with extraordinary literary skills could have predicted “the end” based on the world’s beginnings (Isaiah 46:10). Only a visionary who saw both time periods could have crafted such a prophetic masterpiece.

    While the book of Isaiah’s apocalyptic message accords with Jewish tradition, and while literary structures provide proof of its twofold applicability—Isaiah’s day and the end of the world—it still requires a leap of faith to believe that this is indeed a handbook for our time. For one thing, it may mean discarding much or all of what we have been taught. Isaiah foresees this confusion when he speaks of the deaf “hearing” and the blind “seeing” the words of his book. Only then will “they who erred in spirit gain understanding and they who murmured accept instruction” (Isaiah 29:18, 24). Fortunately, not all of God’s people fall in that category (Isaiah 66:2, 5).

    10. 12. 2011

  • Michael Mifsud

    So what is the root cause? GFC triggered this spiral but other factors are making it worse. Is the bailouts linked with money printing?

  • MellyDanielsisf321

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  • MellyDanielsisf321

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  • Bill

    And now the geniuses in government are actually talking Seriously about TAXING THE INTERNET! This will only make matters WORSE not better for anyone. It will destroy More jobs and actually some will actually be forced to choose between food and information. Seeing as how the Obama administration I the most Closed and secretive administration’s ever, this is most likely their goal. A VASTLY more Ignorant publc. This is perfect for politicians as their main goal is to steal from you (and me) and and avoid actually “governing. ” Of course they will be much freer to make more war, which is their hobby to fill in the time while they continue to amass huge amounts of cash at the expense of our wellbeing.

  • Chris Boris Smith

    I’m sure there are plenty of exceptions, but let’s not pretend everybody who’s too broke to buy what they want at Wal-Mart are otherwise pacing their living room, trying to think about what else they can do to contribute to others and themselves.

    I’m not saying we shouldn’t help people, but just be careful to not enable those who don’t help themselves. It is dependence and entitlement that have been major contributing factors to our financial situation. 69% of the federal budget to social programs? obscene. I’m sure some of them are useful and there are those who need it (disabled, etc), but think about the ones who abuse it. Instead of having these programs help them when they’re between jobs or trying to get a better education, they use it as an excuse not to work. Why would they, when they can rely on the government to provide? Why work hard for a raise, when the government can mandate a huge wage increase?

  • Meathead41

    A LOT of folks are hurting, so help where you can.

    As I was filling up with gas, an elderly black lady approached me and asked me if I could give her $5.00 for gas so that she could make it to the north end of the county where her daughter lived. I had her pull up to the pump beside mine and told her to “fill it up” after I saw that her car was filled with all of her earthly possessions.

    She wanted my address so that her daughter could send a repayment. I told her, “Just pass it along the next time someone needs help and you can help them”.

    Store up wealth where it really matters, not just here on Earth where everything will pass away.

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