The Beginning Of The End
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17 Reasons Why Those Hoping For A Recession In 2012 Just Got Their Wish

If you were hoping for a recession in 2012, then you are going to be very happy with the numbers you are about to see.  The U.S. economy is heading downhill just in time for the 2012 election.  Retail sales have fallen for three months in a row for the first time since 2008, manufacturing activity is dropping like a rock, sales of new homes are declining again, consumer confidence has moved significantly lower and a depressingly small percentage of businesses anticipate hiring more workers in the coming months.  Even though the Federal Reserve has been wildly pumping money into the financial system and even though the federal government has been injecting gigantic piles of borrowed cash into the economy, we still haven’t seen an economic recovery.  In fact, we appear to be on the verge of yet another major downturn.  In California the other night, Barack Obama told supporters that “we tried our plan — and it worked“, but only those that are still drinking the Obama kool-aid would believe something so preposterous.  The truth is that the U.S. economy has been steadily declining for many years and now we have reached another very painful recession.

And don’t let the second quarter GDP number on Friday fool you.  Analysts are expecting to see GDP growth of about 1.4 percent for the second quarter, but the only reason for our very small amount of “economic growth” is because the economy has been flooded with new dollars.

Let me give you an example.  If I could go out overnight and magically double the bank accounts of every single American, would we all be twice as wealthy?

No, because there would be twice as many dollars now chasing the same amount of goods and services.  The price of those goods and services would soon rise dramatically to reflect this new reality.

With all of those new dollars spinning around in the economy it would look like “economic growth” was going through the roof, but in reality the amount of real economic activity would be about the same.

So whenever we talk about GDP, we need to properly adjust it for inflation.  That means using accurate inflation figures and not the highly manipulated inflation figures that the U.S. government is putting out these days.

And as I noted the other day, after properly adjusting for inflation the U.S. economy has been continually experiencing negative economic growth since about 2005.

So let’s not deceive ourselves.  The U.S. economy has been declining for a long time.

But soon even the GDP number that the government gives us will turn negative.  We will probably see a slightly positive number for the second quarter, and the number will likely go negative either in the third quarter or the fourth quarter.

Economists will debate when this new recession officially “began” just like they do with every recession, but it doesn’t take a genius to figure out what is happening to our economy right now.

The following are 17 reasons why those hoping for a recession in 2012 just got their wish….

1. U.S. retail sales have declined for three months in a row.  This is the first time this has happened since 2008.  Every other time this has happened in U.S. history (except for once) this has signaled that the U.S. economy was either already in a recession or was about to enter one.

2. The Philadelphia Fed index of manufacturing activity contracted for the third month in a row during July.  According to the Financial Post, this is a very bad sign….

Seven out of eight times when the average reading has been that low (-11.8) for that long the U.S. economy has tipped into recession.

3. Manufacturing activity in the mid-Atlantic region has also declined for three months in a row.  In fact, the only time in the past decade when manufacturing activity in the mid-Atlantic has fallen more dramatically was during the last recession.

4. A factory index calculated by the Institute for Supply Management has fallen to its lowest level since June 2009.

5. The Conference Board index of leading economic indicators has fallen for two of the past three months.

6. According to a recent survey conducted by the Conference Board, only 17 percent of CEOs had a positive view of the economy during the second quarter of 2012.  During the first quarter of 2012, 67 percent did.

7. Gallup’s U.S. Economic Confidence Index is now the lowest that it has been since January.

8. Optimism among small business owners has declined in three of the last four months and is now at its lowest level since last October.

9. Believe it or not, the amount of waste being carted around on trains in the United States has an 82 percent correlation with U.S. economic growth.  Unfortunately, right now the number of garbage carloads on trains is falling dramatically.

10. Sales of previously occupied homes dropped by 5.4 percent during June.

11. Sales of new homes declined by 8.4 percent during June.  At this point new home sales are less than a third of what they were during the boom years.

12. An increasing number of Americans are relying on high interest “payday loans” to pay the rent and put food on the table.

13. Far more companies are defaulting on their debts this year than last year.

14. According to the U.S. Labor Department, the unemployment rate fell in 11 states and Washington, D.C. last month, but it rose in 27 states.

15. The unemployment rate in New York City is now back up to 10 percent.  That equals the peak unemployment rate in New York City during the last recession.

16. The teen unemployment rate in Washington D.C. right now is 51.7 percent.

17. A recent survey conducted by the National Association for Business Economics found that only 23 percent of all U.S. companies plan to hire more workers over the next 6 months.  When the same question was asked a few months ago that number was at 39 percent.

All of those are very powerful pieces of evidence that a new recession has started.

But do you want to know one of my favorite indicators that the U.S. economy is sliding into recession?

In a previous article, I noted that Federal Reserve Chairman Ben Bernanke made the following statement to Congress recently: “At this point we don’t see a double dip recession. We see continued moderate growth.”

As I mentioned the other day, Bernanke has a track record of failure that is absolutely embarrassing.  Back on January 10, 2008 Bernanke made the following statement….

“The Federal Reserve is not currently forecasting a recession.”

That turned out to be a great call, didn’t it?

On June 10, 2008 he doubled down on his call that the U.S. economy was going to avoid a recession….

“The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so.”

Just before Fannie Mae and Freddie Mac collapsed Bernanke made this statement….

“The GSEs are adequately capitalized. They are in no danger of failing.”

And there are dozens of other examples just like these.

This is the guy running our economic system.

I am very critical of the Federal Reserve, but there are very good reasons for this.

The Federal Reserve is running our economy into the ground, and we need to pound this into the heads of the American people so that they will wake up and demand change.

Perhaps this next recession will be painful enough to wake people up.

The Wall Street Journal is already even using the “D word” to describe what we are experiencing.  Just today, the Wall Street Journal ran an article that asked this question: “Do Two Recessions Equal One Depression?

Sadly, this is just the leading edge of what is coming.  By the time 2014 or 2015 rolls around, we are going to look back and long for the “good old days” of 2011 and 2012.

Over the next few years, the unemployment rate is going to skyrocket and poverty in the United States is going to get a whole lot worse.

Now is not the time to goof off.  Now is the time to work really hard to get yourself and your family into the best position that you can for the storm that is coming.

Nothing is going to stop the terrible economic crisis that is coming, but at least we can get prepared for it.

There is hope in being prepared.

Sadly, most people will never even see the next crisis coming until they get blindsided by it.

  • Rodster

    Michael, is that your car? :)

    • Michael

      No, thankfully that is not my car. :)

      Michael

  • Traffix

    I am so tired of seeing people spending like crazy and folks on television blowing money left and right. My wife and I have been saving every dime believing things are going to really get bad. I have to say I look forward to these articles keep me on tract. I just don’t understand how folks can be blowing $$ with so many out of work and homeless. Am I the only one who feels like this?

    • Drover

      We got rid of cable 9+ years ago. We don’t miss it and have put that money to better use.

    • http://windgenerators-forhomeuse.info/ Tom

      It is because most people do not have the common sense of a common house cat. They will keep spending themselves silly.

      Later they will ask you for food when the SHTF…

    • Michael V

      No you’re not the only one. I too have been saving as much as I can, and with the job I have, thats not much. I have though just paid off all of my debt. I think all of us need to take heed and start saving. Stock up on some supplies and make sure we have various ways to create an income. Don’t count on the government and don’t count on your job either (many may go out of business or one may have reduced hours or wages). Try to obtain skills that you can trade or sell if necessary in the future.

      PS. I agree. That isn’t Michael’s car. It WAS his car. He had to get rid of it when it got stuck going over a speed bump in his neighborhood. ;)

    • Marco

      If you think that’s bad, try living in Silicon Valley. Go to places like Santana Row and you can easily forget that anything bad is going on at all. It’s not as bad here as say, California’s own central valley which is only two hours away because many (high tech) companies around here still produce goods and services. And yes, developing software counts as “goods”, although you’ll never see “Made in the USA” on the virtual label. There are quite a few job openings – but they are very specialized and/or require significant experience.

      That said, this environment doesn’t bug me at all – we save and live below our means. At the same time, we enjoy what we have – it’s not a bad thing to do that, right? You can’t take it with you. But we’re also well aware of what is going on. We have zero debt (including no mortgage on our – wait for it – manufactured home aka mobile home). Many Chinese and Indian immigrants have the same mentality of paying things outright. Heck, one of my colleagues doesn’t even own a car – he just continues to save money and rents a car on the weekends.

      I think a big part of American consumerism is driven by “keeping up with the Joneses”. But don’t worry about them – the Joneses will take care of themselves one way or another. As long as your house is in order, just be prepared and take it as it comes. From my angle, God is in control anyways, so I don’t sweat it – I know where my ultimate priorities lie.

    • John W.

      We took visiting relatives to LegoLand last Friday. The place was packed with hour waits for most of the rides. Legoland costs 75.00 bucks a head unless like us you can get discounted tickets for 47.00 I used to work by Sea World San Diego and virtually every day was very busy at 76.00 bucks a head, same for the Zoo and Wild Animal Parks at 48.00 a head. You can also add parking fees to all these places. Not to mention the insane commercial building going on around San Diego. If this is a recession which I know it is then it is very selective.

    • Dirty Dave

      I’m saving my money to….House is two years from being paid off. Im in better shape than most.But I know what you mean. People still spend like crazy on stupid shit. We are watching the slow economic decline of the US. It is going to be ugly. We will look back 15 years from now and this will be the “good ole days”.

    • orionverin

      I would have to say nope your not alone.It is extremely sad how people waste their money, when in reality they should be preparing.The people that i know don’t want to face reality so they act like everything is business as usual!

    • David G.

      Nope, Traffix, you’re not the only one. We busy with food storage. We have lost of every item down to house cleaning items, wheat, sugar, flour, canned meats, canned beans, dried meats, dried beans, freeze dried fruits and veggies, even freeze dried yougurt, chile, you name it. We have toilet paper, paper towels, light bulbs, oil for the cars, gasoline, oil filters, prescription drugs for mothers parkinson’s disease stockpiled, hygenic items, tooth paste, hair color, shampoos, soaps, laundry detergent, toile bowl cleaner. If we use it, we store it. If we eat it we store it. If we put it in a car we store it. We started a garden and everything coming up cantaloupe, watermellon, cucumber, corn, squash, potatoe, tomatoe, and the list goes on. We’re planting six fruit trees this fall when it cools off a little bit. We’re moving our finances out of traditional savings intruments into commodities we think will weather the storm better. We’re trying to do everything we can to get ready for whatever shows up on our doorstep. Last week we got lots of #10 cans of flour, sugar and rice, to add to what we have, in case we need to use it for barter. We have a two years supply for five people of everything from water, powdered milk, powdered eggs, soup base, spices, encilada sauces, tomatoe paste, tomatoe sauce, tomato stewed, black beans, red beans, pinto beans, dried bananas, dried apples, hot coaco mix, juice mixes, cake mixes, brownie mixes, granola bars, honey, instant potato pearls, yeast, baking powerders, baking soda, dried celery, dried carrots, dried onions. We live in a small condo, but that didn’t stop us from getting permission to put in a garden on the steep slope beside our condo. We even started bee keeping with two hives om the middle of the city no less, and will harvest our first honey crop this September. We’re trying to figure things out. We just keep trudging along. We updated everything in our home so we won’t have things breaking down too soon. We keep our cars filled up at least half a tank in case of any sudden emergency where gas is not available. We have learned how to prepare all sorts of meals from scratch. Mexican. Chineese. American. We’ve learned to make our own rolls, breads, tortillas, jams, jellies. We’re updating our tools so we can repair everything from electric problems to plubming. We have everything to take care of plumbing issues in the house. We feel like we have A LOT to learn still and a lot to prepare for. We’d like to get a propane tank and hook up a special generator that runs on both natural gas and propane to provide electricity in case there is any outage or a sudden spike in prices, but we can’t afford to do that right now. But we’re hoping that we can soon. Like I said, we still feel like we have a lot to do still, but we are slowly getting there. Good luck. And may God bless all of you.

      • K

        David, you sound like you are well on your way to being prepared. With that in mind, might I point out you might be better off, without a generator. For very short outages, it is a fine thing to have. But for longer outages, it just makes you a target. If you have lights,or your generator is heard to be running. You will attract attention, from all the wrong kind of people. Mankind lived a long time without electricity. God Bless you as well.

    • Mad Max

      You might want to go ahead and spend it on the things you will need when the shtf. As things get worse, all the hard earned money you worked for will be worth less and less until it is totally worthless. Sorry! So stock up on things not too much on money if you can help it.

      FIGHT THE CAUSE – NOT THE SYMPTOMO
      siXs (Revolution 2.0 – The Smart Revolution!)

    • Save the Republic

      I’m with you on this. Sometimes I wonder why I feel like I’m one of the few people in my area that seems to be struggling with money while everyone else has been going on living with their new cars, clothes, cellphones/electronic gadgets, eating out and going to movies regularly, etc. Seems like they don’t have a care in the world, and they probably don’t, because they still don’t see what’s coming. They are still brainwashed by the t.v. that things are getting better.

      I try to keep in mind that these people are probably not paying off debts, saving, or stockpiling necessities for the storm that’s coming. They probably don’t own their cars, have no extra cash or hard assets, and charge up all their good times thinking they’ll pay it later as things “continue to improve”.

      Take heart in knowing that they probably haven’t paid for any of the things that make them appear so much better off, and when things get bad, you’ve got a fighting chance. They’ll probably be washed away in the flood that is coming with the storm.

    • Paul

      If you spend your money locally rather than on imported goods; if you support small businesses instead of big corporations, then you support those still in work and give those out of work a chance to get a job eventually.

    • Nickelthrower

      Traffix,

      The rate of inflation is such that saving money really means losing money. We take any extra money that we have and put it towards food, tools, and survival gear.

      I fully realize that it is a gamble to purchase assets as opposed to putting cash away but we feel the benefits outweigh the risks.

      As far as everyone else is concerned, let them blow their money as it is a free country after all.

      • GSOB

        In response to Nickelthrower.

        Hello Nickelthrower,

        Your response to Traffix…
        I could not have said it better.

    • JJ

      Not at all. YTD I have “saved” 71% of my income by either purchasing precious metals or purchasing property with cold hard cash. Wish I could feel sorry for those who aren’t doing the same but I don’t. That’s what they get for living reality show lives.

    • primrose

      Nope! I’m weary of the same thing. Those of us who scrimp and save and work like trojans to stay out of debt and do without lots of things, are really tired of those who spend, spend, spend money they don’t have and then collect every government handout available. Almost like our government, except it’s our (taxpayer) money they are spending.

    • DEFCONStudios

      You aren’t the only one Traffix. The reality hasn’t sunk in for the Majority of the population aka Sheeple and it won’t sink in till its too late. To them they are experiencing a ‘recovery’.

    • TripSeven

      No, you aren’t the only one feeling like that.

      TV shows sheeple that everthing is ok, (essentially the emporors new clothes) they will be very suprised and angry when the dollar bubble finally pops. But in the mean time, they keep plugging away faster and faster on the economic hampster wheel,going no-where… fast

      777

    • Macnasty

      Things are going to get bad, the people who blow money have normalcy bias,nothing bad is going to happen gonna be another day just like yesterday,its gonna be ugly when it happens, you can bet on it, so be like a boy scout and be prepared.this mess is unsustainable,you cant spend money you don’t have and if you do there is gonna be trouble,in one form or the other I see it all the time.Hey Michael and good news for a change!!!!!

    • HisArmsWide

      You’re not alone. Head meet sand is the prevailing reaction from my friends, relatives and associates that I talk to about this to any real degree. Of my close friends only one is looking forward and seeing that hey we might have to go through what our grandparents lived through so let’s plan ahead a bit. For the rest it’s business as usual.

    • JAH666

      Yo, Traffix
      The sheeple you and I see spending like there is no darkness on the horizon are the large percentage of americans that have been completely programmed by the Government/Corporate/Media machine. They are fully indoctrinated and in thrall to the message being trumpeted by TV and online Media that “ALL IS WELL”. They still have available capacity on their crdit cards and they are going to damn-well use it.
      When the SHTF the majority in America and other western nations will be outraged that they were lied to, and will whine and moan to be ‘taken care of’ as all this wasn’t their fault.

    • http://CreditRanker.com Nick

      No, you’re not the only one that feels like that. I’m constantly telling my significant other “no” all the time because she is always wanting to go out to eat, buy useless stuff, or buy “better looking” stuff to replace something that we already have.

    • Will

      My family of six is vacationing in Paris next week. Sound irresponsible? Actually, we budget for our four children to spend half the summer entirely immersed in the French language at their grandparents’ house. We actually avoid alot of summer camp and babysitting expenses by doing this. Also, with my children totally fluent in French, they are planning to open their own French Summer School in a few years in our town. It may be possible to recoup today’s travel costs with future revenue.

    • Barn cat

      If you have a job and you’re confident about keeping your job why would you worry?

    • Prepared Pastor

      People are just doing what they’ve always done. There is an axiom that says ‘people change when they learn enough that they want to or they hurt enough that they have to.’ Most people never learn. The average person isn’t that smart and half the people are dumber than them. They set future expectations based upon past performance.

      I have to admit that I’m one of those people who isn’t saving money. I had a good chunk at one time, but I have less than a thousand dollars left. A few years ago I spent 1/3 of it on provisions, 1/3 on a secluded retreat (produces it own heat, meat, water, and power), and 1/3 on precious metals. These things would cost 50% more today which sounds unreasonable, but I contributed a lot of sweat equity.

      Could it be that you are also suffering from normalcy bias? There are those who believe the dime you save today won’t be worth a nickel in a few years. Something to think about.

    • Stuey

      Maybe some feel like I do, what is the point of saving “money” ie federal reserve notes, because when the collapse comes your notes won’t be worth anything anyway.

      Instead, buy things that will be of value to you when the currency isn’t.

      And it may be crazy, but I am also enjoying myself a little with some of my extra money while I can, because I know when the collapse comes, there will be hell to pay, so why not live a little now?

    • Alpharamm

      You are not alone there Traffix. One of the young ladies (30’s) that works in my office makes good money, her husband about $60K/yr, and they stay broke. They (& 4 kids)eat out 6 nights a week, have a $400.00/mo. cell phone bill and she came in this morning belly aching about the family having to push their car the last 200 yards to the gas station last night on the way home from the mall.
      This is the same lady that calls my wife and I “Living in the Past” because we still can and freeze everything out of the garden. I’m blessed to have a wife that can squeeze a quarter out of a dime and lives by the motto, “It’s not how much you make, it’s how much you save!”
      We save what we can and stock up on grocery items on sale to put back for a rainy day.
      Yes Sir, you are far from being alone……………

      • Brent

        Really enjoyed your comments–especially your wife’s insight on savings. Can you share some of her saving tips ? since I am trying to do the same thing.
        All Best,

        Brent

    • Alex

      I live in Europe, but I feel the same way…people blow money for useless stuff, while they have to buying food and silver..and preparing for the storm

    • Ozmo

      I hate to say it but it might be time to start buying those things which might have value after the dollar no longer holds any. I would suggest anything really. I remember reading a story of a woman buying bed pans to trade away later. If I remember correctly it worked out for her. I’m sad to say soon the Dollar will not mean much of anything.

      While I do not condone throwing money away or being stupid with finances, I do suggest when one is able to buy something that is able to be traded later. For example I bought extra propane for a grill or camping stove. While I have no need for this 1. the price was too good to pass up and 2. I’ll be able to trade it if need be for something I can use later.

      Just my 2 cents.

      Michael great article. I apologize for not being around too much lately I needed a break from reality and put that energy towards much needed prepping.

      • Michael

        No problem at all Ozmo. It is good to hear from you again.

        Michael

    • Prepply

      No.

    • BFH

      You are NOT alone in your concerns. The problems is there are just not enough of us. We the prepared will have to find a way to hide from or fight off the masses. Bruce

    • Buzzy Watts

      I see it too–there’s a ton of people with pained expressions buying expensive junk they don’t need. My guess is that they’re middle-class dropouts desperate to convince themselves that they aren’t poor. If they still have enough money to blow on useless fluff, they surely must still be middle-class, because a poor person wouldn’t be wasting that much money! People are literally going insane because their daily experience is no longer consistent with what they have been brainwashed into believing about wealth and class status.

    • LordRhynn

      Not really “tired” of it per se, but definitely wondering for years if I’m the only one in my locale who cannot afford a 100K+ dollar car and to be in the clubs every weekend tipping 50% on every $12 bottle of beer. And the worst part is, the people I see doing this stuff are all 20 somethings, who I was sure I already saw in an unemployment line or under a 99% banner.

      Do I just need my eyes checked or what?

    • Paul

      If the money is losing value soon, then you better spend it now.

      During the hyperinflation of 1923 in Germany, people were running from the factory when they got their money to the next baker to get rid of the millions they just got, because tomorrow they wouldn’t get crumbs for it.

  • Traffix

    Oh,and Michael, sorry bout your car

  • grandpa

    unemployment in western ny is the highest in 20 yrs…

  • DaytoDay

    Funny how you don’t hear the ‘buy gold’ mantra anymore…

    And it is getting worse by the year… College tuition rises EVERY year, wages have stayed stagnant for 3 years (That I know of), the number of people on food stamps rises EVERY year, the average car is 10 years old!!! and it goes on and on…

    When I first woke up to all of this (2009), I was praying for an immediate collapse, mainly because, the reality of all of this was just so overwhelming… But now, I really understand the seriousness of all of this, because a real financial collapse means; no running water, no electricity, no sewage, no vehicle transportation, no supermarkets, no police, no firefighters, no hospitals, no NOTHING!!!

    So, we need to start doing something, (OWS had a good idea) Because, when the SHTF I don’t think it’s going to be the “Dystopian paradise” that many people think.

  • Drover

    In California the other night, Barack Obama told supporters that “we tried our plan — and it worked”, but only those that are still drinking the Obama kool-aid would believe something so preposterous.

    I propose that their plan did work. The results we see is what they wanted to happen.

  • Arkansan

    No, you are not the only one, I’m just wondering when things are going to get bad since I have been preparing since 2008. Tick tock.

  • H8TheFed

    You are not alone Traffix. Sadly though, I am one of a very few people in my circle of friends and family that is debt free and trying to prepare for what is coming. I try to tell the others but they seem stuck where they are or unwilling to consider the danger that is approaching. This is going to be ugly.

  • ScoutMotto

    I was able to pick up another case of #10 cans of some freeze-dried foods, along with salt and baking soda. Only a few folks know that I am preparing, and only immediate family is allowed to share my preps and ride out the storm under my roof. There is still time to prepare, but sadly we are running out of tomorrows.

  • lee

    I’m on the fence on the next recession starting in 2012 or 2013 for the US. Data like this has me ready to say it’s already started, but our local financial show in Houston, Street talk live; called the start of the 2008 recession correctly in December of 2007 and they are still saying the FED does QE3 this year and pushes the recession into 2013 saying that sometime in 2013 Europe will run out of options; and then its recession for everybody.

    But even with that idea, its alresdy a depression for me. I know what’s coming and I’m ready for it, but there’s a lot of good people I know that aren’t and I’m not going to be able to help them all. My mom picks up I’m in a sad mood, but I don’t tell her or most people what’s coming until it starts showing up locally. I figure I might as well let them enjoy things while they still can.

    The worst thing is many in charge now and for years knew this was coming and they did nothing to stop it, rather than have themselves look bad. The people in charge that knewingly let it get to where it is today sicken me.

  • Wilson

    The definition of a recession from Investorwords.com:
    recession – A period of general economic decline; typically defined as a decline in GDP for two or more consecutive quarters. A recession is typically accompanied by a drop in the stock market, an increase in unemployment, and a decline in the housing market. A recession is generally considered less severe than a depression, and if a recession continues long enough it is often then classified as a depression. There is no one obvious cause of a recession, although overall blame generally falls on the federal leadership, often either the President himself, the head of the Federal Reserve, or the entire administration.

    I really like that last sentence because when election day rolls around and the economy isn’t doing well, incumbents usually aren’t reelected. Now that’s my wish for 2012!! As for England, well they already have their recession/depression going for 2012. Check out the charts at this link: http://www.zerohedge.com/news/forget-double-dip-uk-now-depression

    • GSOB

      The difference between a recession and a depression is that a recession is when someone you know has lost their job.

      A depression is when you have lost yours.

  • gonzo

    @ Traffix,No your not the only one.

  • Bonus Gift

    Traffix: I think it’s some combination of denial and very strong cognitive dissonance. Of course, this is and has been added and abetted by mainstream media’s withering assault of false propaganda. For example, remember the “green shoots” and ever incessant “economic recovery”? Combine those kinds of economic lies with the incessant elevation of what are effectively lottery winners (e.g., American Idol, etc.) and most people are just not mentally clear thinking enough to avoid the trap. How else could we have what is essentially a depression and a clear usurper in the White House (and nary a peep from most people in protest), or as you point out, people keep acting almost like they did during the bubble times?

  • http://www.ianwelling.com Ian

    i live in Denver.
    Every day i read this blog.
    Everyday i get scared about the economy…

    Yet everyday i step out of my apartment.
    Everyday i see wealth and people doing fine
    Everyday i see crowds at malls and grocery stores
    Everyday the hotel i work at is full to capacity
    Everyday i see traffic jams of people going to and from work
    Everyday i see concerts selling out
    Everyday i see friends going on vacation
    Everyday i talk to friends and they look at me like i am crazy for mentioning that the economy is collapsing.
    Where do i look to see this economic hardship i keep reading about.
    Its kind of frustrating to read one thing and experience the complete opposite every day.

    • Rikki

      Ian:

      I think I know the answer…lots of those people with money are not paying their mortgage and living rent free for 3-4-5 years…we even have proof of 7 years in foreclosure and finally they had to move…

      I hope Michael lets me plug a housing website, probably the best one, such sharp people

      http://thehousingbubbleblog.com

    • Optimistic Pessimist

      http://goldprice.org/charts/history/gold_10_year_o_usd.png

      10 year gold chart
      end of 2002: $302 an ounce
      mid 2012: $1889 an ounce!

      Gold over the long term is a stable object of value, the fact that it has gone up so much means the dollar is losing value and takes more of them to purchase the same amount of physical tangible asset.

      Most people are completely unaware of the above increase of 525% over the last 10 years.

      GLtA and remember searching out the truth and getting informed is the best way to tackle your fears.

      OP

      • Paul

        Yes, Gold is a funny thing.

        I was thinking about gold in 2002. But then it went up to 300 from the previous 240. And they I thought, well, let’s wait until it comes down again…

        But then in 2004 I bought something better – a house. Now at least I have a place where I could store all that gold. LOL

    • Golden Child

      I think its because you live in Denver. I don’t know much about Denver. Do you think Denver has any truly bad crime-ridden ghetto areas? Most big cities have very dangerous ghetto areas. Even the cities you don’t think have bad areas do have them. I know being a San Francisco native.

      Most other major cities and metro areas have a huge gaping income inequality gap. For example, I live in the Baltimore-Washington corridor in Maryland. I live in the third richest county in America in Howard County. However, Howard County is a suburb or Baltimore. Baltimore city ranks as being one of the top ten poorest counties in America with a population over 250K. Get it?

      Nearby DC is not much better. DC is currently the richest and most educated big city in America. However, the notorious Southeast quadrant of DC has the highest recorded unemployment rate of anywhere in America. The Bay Area where I’m from is the same. San Jose and Silicon Valley have an excellent job market for technically skilled educated professionals. San Jose also ranks as the safest big city in America. However, nearby Oakland is the fourth most dangerous big city in America.

      • GSOB

        I live in Aurora, which is very close to Denver. We have a liberal state government and Obama had a big party over here. Before that, Ol Bill Ritter – before he left office, jacked up our automobile registration fees from less than 40 all the way up to almost 90 green backs.
        That was a few years back.
        Hickenloophead and Hancock is what we got now.
        great…………

        Presently, the people are getting over the loss of life at the theater, which is a mile from my house. Gun sales have gone up and so have the prices.
        That’s natural, after a loss of life like this happening.

        When I’m one or two days past due on my power bill, I get called at work as a friendly reminder to pay up, though I have been a faithful power payer for decades.

        Food prices at Kingsoopers, Safeway and Albertsons, Sams… have spoke up a bit over the last 20 months. 2013?? A subtle turn around the bend and downward trend will continue. Shopping carts at some of these stores have been stolen Tax increases like crazy is just around the corner -… 5 months.
        Come July 2013 we will miss what we have now.

        A part me keeps thinking or suggesting go spend like crazy now while I have the a better oppurtunity now for prepping. A friend today showed me a pistol that convers into a rifle and has a 33 round magazine. Wow. Just what I need to protect my family.. along with a 12 GA and a couple of crossbows.

        My retirment, though I’m 50, I’m not expecting at all. And my 6 year old boy and 21 year old daughter can stay with us as long as they like.

        That’s the best I can give them before I go.
        I wish I could be there with them as they go through the hell in this life.

    • Scott

      I live in Michigan.
      Most days I read this blog.
      Everyday I get prepared just in case what is written here comes true. In a best case scenario I wasted a few thousands of dollars. In a worst case scenario I am prepared and my family survives.
      Yet everyday when I step out of my home I see:
      wealth and people doing fine
      crowds at malls and grocery stores
      hotels at full capacity
      traffic jams of people going to and from work
      concerts selling out
      friends going on vacation – my wife and I just competed one
      Everyday I talk to friends and they look at me like I am crazy for mentioning that the economy is collapsing.
      Where do I look to see this economic hardship I keep reading about?
      It’s kind of frustrating to read one thing and experience the complete opposite every day.
      While the above is true, government welfare at all levels is masking the true nature of the financial trouble we are in – the information contained in this blog for the most part tells the hidden truth which is all happening right in front of our eyes yet I will admit that most people just want to live their lives and not be bothered with the negativity. Sadly and as an example they will be the ones who will wake up one morning after the financial system has collapsed overnight and say – When and how did all this happen!
      It was only a few years ago we could say almost the same thing the night before but a few hours after dawn the following morning at 8:46am American Airlines Flight 11 slams into the WTC 1, 17 minutes later United Airlines Flight 175 rams into WTC 2, 51 minutes later American Airlines Flight 77 crashes into the Pentagon and finally 74 minutes later United Airlines Flight 93 crashes into the ground.
      All within 90 minutes the world as we knew it changed. Financially, it may happen fast and/or it may happen slowly but one thing is for sure it’s coming unless drastic action is taken.

    • TtT Engine

      Ian, take a closer look. The greatest economy the world ever knew does not collapse in 4 years but it will not sustain indefinately the punishment left wing ideology has barraged it with. When you drive along in the car take notice of the amount of vacant commercial real estate. When you go to the malls, look and see how many people are actually paying for items at the cash register as opposed to people walking and hanging out. General Growth Properties [the mall landlords] was just in bankruptcy and is still carrying a massive debt load. The airlines are also very busy but are financially very unhealthy carrying massive debt. Take a closer look at the restaurants, many have closed and the others have many empty parking spaces. My barber shop used to have 6 people waiting regularly, now I get a seat almost immediately. Many hotels are no where near capacity and if you prepay, you can get some very discounted rates. Overall family vacations are down. I bet Michael could get us some very enlightening statistics on vacation, travel and restaurants. A&P has closed many grocery stores. The dry cleaner I regularly go to had a very strong customer base prior to 2008. Now the owners are constantly sick and worried that they have seen their best days. My dentist said his practice has noticeably decreased. Small business overhead continues to increase while revenues are falling. I know two other business owners who will retire because one had to add personal money into his business for 2 years in a row and the other’s revenues dropped to levels equal to 30 years ago. Yes, the stronger economic regions are hanging in there, but we are all sick and worried for the future as well. Unemployment, personal bankruptcies and foreclosures continue to be very high. Look at the number of people out and about during the work day. Towns used to be ghost towns between 10-6 during the work week while people were working at their jobs. Most of our factories are closed, particularly those numerous, beautiful red brick buildings from our industrial yesteryear. There are simply not enough people working to pay for all the bills government has sacked on us. The myth of increasing taxes on “the wealthy” does not amount to a hill of beans in solving our deficits. Cities at/near financial collapse are covered extensively on this web-cite. The USPS could collapse before the end of the year without a big taxpayer bailout. We are on borrowed time because our government runs on printed and borrowed money. Without a HUGE U.S. ENERGY BOOM from our existing traditional energy sources [Petro, Nautural Gas and Coal-STICK THAT BANKRUPT green renewable energy where the sun doesn’t shine], likened to the “Gold Rush” in North Dakota, the U.S.A. is similar to a keg of beer that is Tapped Out ! Christi Fidelis !!

  • LadyLiberty

    I don’t know who would wish for this but I know plenty of people who saw it coming and are preparing for the worse & it’s going to get worse – a lot worse.

  • LifeandLiberty

    Having only a high school education as a business owner I have known we actually entered a recession back at the end of the 3rd week in March when fuel prices hit the $4 mark. I saw the exact same situation occur back in late 2007.

    During the last recession (as if the last recession actually ended) my business contracted by over 66%. July of this year is the first time I have run out of work in my company’s 36 year history. After drastically making cuts and reforming my business my family and I have managed to prepare for the coming storm to the best of our ability. My only fear is whether or not we can survive for the long term.

    My wife and I are willing to make the sacrifices that are necessary to restore Liberty and financial security in the USA for the sake of our children and future generations.

  • Gary2

    Michael–Now I know that first picture is you in your younger days. Looks like you are happy that you got your GED :)

    Good article and look you did not even need to bash the poor this time. Don’t you feel better now?

  • http://n/a jgouig

    People are idiots, they will let this happen.

  • Paul

    It’s about time the US produced less rubbish.

  • chiller

    “Sadly, most people will never even see the next crisis coming until they get blindsided by it.”
    Truer words were never spoken. Once the kool-aid drinkers have this happen to them, they will no doubt have a natural reaction, feeling mislead by the waiters who served up their colorful drink. Denial and anger will soon follow. These folks will respond in excitable and unpredictable ways knowing how stupid and unprepared they must look after seeing the warning signs all around them.
    I’ll chose a planned response over a natural ‘reaction’ any day as natural human reactions often occur during and reinforce, blind panic.

  • chiller

    “There’s nothing to lose by doing a lot but a lot to lose by doing nothing”.

  • LC

    I don’t really see the point in saving any dollars, actually. They are being devalued every single second. The best thing you can do is purchase things that have intrinsic value perhaps storable food, gold, alcohol, medicine, etc. for the future when these commodities require an entire wheelbarrow full of dollars to buy. I’ve been spending most of my money since 2007 and either having a good old time or buying the things I’ve recommended above. The Fed is going to inflate away the value of the dollar, and just like Zimbabwe, one day we will all wake up to them slicing 3 zeros off of your bank account balance.

  • sally mae

    Just a question – in all your studies what small businesses did well during the great depression? Assuming you are correct with the way things are going (and I do not doubt that at all!) a lot of us are going to be unemployed. What can we do to earn during the coming hard times?

    • chris

      See’s candy did well during the Great Depression.

  • markthetruth

    Michael:

    Don’t you think this is what Hope and Change is about:

    Hope > the Fed hopes we don’t find out they lie to us , and use the glass half full instead of the half empty scenario to fool most of the uninformed. Until the glass is almost empty????

    Change > once we find out the truth, and its too late for the uninformed, they have to change there tune and admit the truth of the fact.

    Ben is a Liar and and always uses the “if and when” scenario in his statements to government.

    We are the first to pay for the show and the last to find out it’s been canceled and left out in the rain with no umbrella……

    only the 1% have enough to escape the economic disaster

    the end.

  • Dan

    most people have been brainwashed to believe things will go back to normal so they do nothing to prepare and sadly these are the people who will be in shock when the SHTF

  • tomydispik

    Unfortunately it really doesn’t matter if you are a spender or a saver, just like the collapse you saw in Greece if you can’t get your money out it either gets seized by the criminal government or you watch it turn into toilet paper in a matter of hours.

    Me, I am spending like crazy. Mostly using my credit cards. Yes, I spend about $500-1500 a month on things I may need to survive.

    If the collapse is avoided I have gear, if it comes I have things to sell or trade. If it comes while I carry a balance the bank just financed my survival.

  • john.s

    be prepared people. this thing is going to get WORSE!

  • Evie

    The key is that it is television, not real life.
    None I know are spending.
    What for, it only benefits the elite.
    No one wished for a depression it was just covered up by the media.
    Washington dc is an example all of the elite live like kings on taxpayer and printed fiat, while all around people on aides and living in poverty.
    What hypocrites, billions given to other countries to fight.aides, meanwhile in their own backyard.

  • S. Wiseman

    I agree with Traffix. It is definitely time for everyone to develop an Amish mindset of thrift and learn useful skills that can provide some sort of income if (when?) you lose your job.

  • brentster

    For us, we are doing all we can to get out of debt. We have lots of it and itll take 2 years to be totally debt free, but whats coming in the future makes me way more focused on getting out of debt asap!

  • Soundpolicy
    • Michael

      LOL

      I think you are right!

      Michael

  • nojoke4153

    Fees are like fleas. They nip at you until you’re sucked dry. This economy sucks big time.

  • NonAffiliated

    It’s amazing that more people haven’t awakened to what is coming.

    Most people continue to go about their usual mindless lives as if nothing is wrong and nothing even worse than what has happened in the last several years is coming down the pike.

    The America of today is not the America of just a few years ago. Maybe the zombie populace can adjust to it and make it the new normal, but I cannot.

    There is absolutely no reason to believe that everything is OK and that tomorrow will be brighter than today. This goes for everything: culturally, morally, ethically, economically, etc, etc. Everything continues to worsen and yet so many people can’t or won’t see it.

    I think the internet gives the false illusion that more people are awake than actually are. If you walk down the street in any area, the passing pedestrians are soaking with ignorance and stupidity.

    I won’t be too heart-broken when tough times hit and the herd will be thinned through starvation and disease; it’s probably best for the gene pool because most of them should never procreate.

    I don’t like watching people in misery but it’s not like they weren’t warned and didn’t see what was happening right in front of them. You can’t do much for a herd that is hell bent on suicide over a cliff. If anyone believes that I am cold, then try standing in front of the herd as they stampede toward the cliff behind you.

  • Jodi

    Barack Obama told supporters that “we tried our plan — and it worked”. I think that Obama really believes in what he says. It’s exactly where he wants the economy to be and that’s been the plan all along. Overwhelm the system so that it can be destroyed and I believe that has been accomplished. Now the waiting game begins. The only question left…when will the economy collapse?

  • http://YouCantHandletheTruth Marty

    If you switch to eating dog food instead of filet mignon there’s no inflation. BLS says so.

  • theguy

    to Traffix – no you are not the only one that feels this way. however, I might caution all of us to not get caught up in prepping for economics sooo much that we become survival exhausted and thus not have the energy left when we truely need it. Be sure to take some time out along the way to enjoy life as well. Set aside on one side and watch what’s happening for sure, as well as living a balanced life. Just my couple cents…

  • Barn cat

    Obama’s plan to destroy America has worked. The economic collapse hasn’t happened yet but the forces that are leading to it are now unstoppable.

    • mike Beale

      Four more years!!! (sarcasm)

    • Gay Veteran

      America has been going down since Reagan, and with each new president it gets worse and worse.

  • Karol

    I hear ya, Traffix. I know so many people that have zero savings and lots of debt, but they are buying $4.00 cups of coffee at Starbucks. Sometimes twice a day. They smoke, get tattoos, buy scratch tickets, drink, and get take-out food and then complain about how they have no money. Some of them even use payday loans. When I talk about donating food to the food pantry, or buying books for sick or homeless children, I get dumb looks and excuses about how broke they are. I can’t even get them to volunteer their time for turkey baskets at thanksgiving. It’s depressing. I think people are so selfish. Good luck and keep saving. Those people will realize how foolish they were someday and by then it will be too late.
    The economy never really recovered since 2008. I read that the economy more or less just flat-lined. There was no V shape or W just an L shape, and when I watched Bernanke on TV talk about those green shoots…I laughed and thought he was a clueless idiot, a liar, or both.

    • Optimistic Pessimist

      In my experience of how markets work there are several waves in a downtrend.

      1st wave down: the ‘watchful’ wake up to the fact the market has peaked and starting to turn and begin looking for an exit point.

      2nd wave up: the ones who couldn’t afford the previous highs rush in on the new lows created by the 1st wave. The ‘watchful’ exit.

      3rd wave down: this starts when the ‘just can affords’ suddenly notice that the ‘watchful’ have exited and the wave has run out of steam.

      4th wave up: a wave of new buyers come in at the bottom of wave 3 getting a bargain pushing prices up again.

      5th wave down: the 4th wave runs out of steam just as quickly if not faster than wave 2 and price falls rapidly causing many to head for the exit.

      looks something like this:
      \
      \/\
      \/\
      \
      obviously the steeper, the harsher.

      Some will loose a lot hoping for a recovery, others will loose less. A few may realise the situation and protect themselves.

      • Optimistic Pessimist

        *** Meant to look like this:

        \
        .\/\
        ….\/\
        …….\

        OP

        • Optimistic Pessimist

          I give up – hope you get the idea.

          OP

  • JAH666

    Good Morning Michael
    Something I have observed and inwardly predicted has been echoed lately by another blogger. As my time on Earth advanced I observed that the future was unfolding as a weird mixture of the fictional musings of Orwell and Huxley, who wrote two of my favorite dystopian novels. This week Charles Hugh Smith, who blogs on Of Two Minds, crystalized this notion in two short but powerful entries. I heartily recommend them to you and your readers.
    JAH666

  • http://Survive2balive.com GA

    How about those record numbers of Americans getting some type of government assistance? Traffix you are not alone in your thoughts. A good question is … Is saving USD worth it? Or should the extra cash be used for preps in advance of a collapse. All those saved USDs may be worthless.

  • proudmom

    They are living off credit cards. My husbands cousin, as an example, she and her husband both have good paying jobs, actually she is retired now with a union pension. She just became recently employed with a very low paying job just for something to do during the day.

    She told me that she and her husband had racked up about 45,000.00 worth of credit card debt.
    She also told me that the credit card company forgave everything but 15,000.00 worth of that debt.

    Her mother died and she took the money that her mother left (about 100,000.00) and paid off the 15,000.00. They are down to about 24,000.00 of that 100,000.00.

    I had always known that they took lavish vacations to Italy and other tropical ports of call. It’s only the two of them. They take vacations like it’s their job! They have a boat that they pay on their credit card and big screen TV’s and other such STUFF. They go out to eat alot, like every other night. They take in shows in Manhatten and eat a expensive resturaunts. They put both of their leased cars on their credit cards and in fact did a new roof to their house on credit.

    People aren’t blowing money, they are blowing credit card debt up again. In other words they didn’t learn a thing. They think, well if the wealthy are going to keep raping the system to gain their wealth, why can’t we live high on the hog as well. They have no intention of every paying any of it back. They pay the minimum payment due and maybe a little more towards the debt but they don’t pay in full. I pay in full each month. I have no debt and trust me, my husband and I would love a vacation. We have never been away anywhere. I refuse to live like that, even if everyone else is. It’s wrong!

    It’s a game to many people. That is how we got into this mess to start with. No one gives a crap if they pay what they owe. They still get to keep the boat, the TV’s, and the consumption of goods and services is long gone, ie..vacations to all inclusive resorts.

    Dirtbags live like that. Trashy people who can actually put their head on a pillow after just feasting away with no intention of every paying for any of it. It’s gross!

    I am wondering how our good Lord will account for their behavior in the end.

    • Optimistic Pessimist

      Well done for them for paying off the remaining debt. However, I am deeply saddened for them as I feel they could have used that money far more productively by buying something of use for the future or investing it wisely to grow it and live of the growth rather than fulfilling the present.

      It will be sad to think that there probably won’t be any of that 24000 left for them to pass on. Maybe they feel they cannot take it with them so why not enjoy as there are just the two of them.

      OP

  • Darko

    No Traffix, you are not the only one, you are doing the right thing trust me

  • goldnguns

    Traffix
    Take heart – if you are NOT doing what the sheeple are doing then you are NOT going to wind up where they do – penniless and depending on a handout. They suffer a fatal case of HISS (head in sand syndrome).

  • erheault

    The sheeple will believe what ever is put on their TV screens no matter what is happening in their lives so as long as tv tells them it is good to buy trash and believe what ever propaganda is fed to them, after all Opra can lead them to fame and wealth all they have to do is believe.

  • doctor blue

    What flavor KoolAide are they serving in the soup line? Anybody know?
    15 McDonalds restaurants closed permanently in the Sacramento Calif. area in just the last month and the only McDonalds restaurant in Oroville Calif. closed this July and they leveled the building and it was on the busiest intersection in town and right beside Hwy. 70. So there goes our McDonalds jobs, now you can’t even work at McDonalds anymore (IF THEY ARE CLOSED). Michael is right – things are getting really bad out there folks.
    If you still have money – if you still have an income,
    Prep hard – Prep fast – Time is VERY short!!!
    Pray for those that cant or wont!!!
    tick – tock, tick – tock!!!

  • El Pollo de Oro

    Gerald Celente and Alex Jones have been saying that this country is not in a recession—it’s in a DEPRESSION, and the depression is going to deepen considerably. They’re absolutely right. There will be no “economic recovery” in 2012. Things are only going to get worse in The Banana Republic of America (formerly the USA). Signore Celente describes the horror that lies ahead as The Greatest Depression, meaning a depression that’s even worse than the Great Depression of the 1930s. The real unemployment rate in the BRA, according to economist John Williams (Shadow Statistics), was 22.4% in Dec. 2011. But when all is said and done, we could easily be looking at 40% or 50% unemployment in the BRA.

    Here is a sneak preview of the type of thing we have to look forward to in the BRA in the near future:

    http://www.youtube.com/watch?v=3Ya554YaboE&feature=related

    http://www.youtube.com/watch?v=mJ6jLGl5hbs&feature=related

    These videos were filmed in España, where youth unemployment is a whopping 52%. And similar disturbios will be coming to the BRA. Actually, the violence in the BRA might be even WORSE than what we’re seeing in Spain and Greece because the BRA has a love affair with violence even in the best of economic times (I’ve been to both Madrid and Athens, and historically, those cities have had very low crime rates compared to American cities).

    “We are well on our way to seeing our great country move toward an oligarchic form of government, where virtually all economic and political power rest with a handful of very wealthy families.”—Bernie Sanders

    “We’re in the midst of a financial crash, and they want the Gestapo in place to keep the people in place because when the money stops flowing down to the man on the street, the blood begins flowing in the streets.”—Gerald Celente

    “If you’ve studied Rome, you know that wealthy nations do collapse into Third World squalor when they allow their currency to be debased.”—Alex Jones

    “If you want to get into a good entrepreneurial business, guillotines may be in fashion.”—Gerald Celente

    “Americans like to believe that the rest of the world looks up to us, but the truth is that the rest of the world is laughing at us.”—Michael T. Snyder

    “Brace yourself. The American empire is over. And the descent is going to be horrifying.”—Chris Hedges

    “Things look incredibly bleak for the global economy right now.”—Michael T. Snyder

    “In the greatest economic crisis that the United States has faced since the Great Depression, the rich barely lost a nickel. But the poor definitely got poorer. And people in the middle were crushed. If this continues any longer, then we can invite a priest to administer last rites to the American Middle Class.”—Alan Grayson

    “It is becoming increasingly impossible in America to get a good job without being connected to the system that serves the elites.”—Paul Craig Roberts

    “My next door neighbor’s two dogs have created more shovel-ready jobs than this current administration.”—Gary Johnson

    “For many, the American Dream became a nightmare long ago. It’s little wonder that Americans are afraid and angry.”—Michael Fumento

    Between social unrest, food riots, kidnapping and skyrocketing violent crime rates, there will be an absolute bloodbath in the BRA. Rivers of blood will drown American cities. Get ready for the riots of Spain and Greece combined with the horrific violent crime of Mexico and Honduras.

    God help Europe, and God help the rotting, decaying, collapsing Banana Republic of America.

  • sam

    No my friend. Your not the only one. If the rest of them dont wise up, They maybe the death of us all!

  • Jakartamn

    Traffix,
    No you are not alone.
    The shrinks will tell you that this is the Normalency complex.
    people turn off the negative and only see things as they were or are
    This is America it can’t happen here!
    Unfortunately, the world has been living way above its means and now the piper is calling!
    This will be a world event that will cost millions of lives – especially those that are living on the razor edge now!

  • Rodster

    Here’s a big reason why jobs are leaving the USA. I can’t say it any better than Congressman Mike Kelly who got a standing “O” on the House floor from everyone.

    http://www.youtube.com/watch?feature=player_embedded&v=F1YQDjpuY_U

  • sharonsj

    We all know that we never got out of the recession. Everything was done to save the banks and the stock market, but not us regular folks. And we also know that nothing is going to get done because Congress is too corrupt.

    I can tell you that things certainly will get worse, and that while it’s not doomsday, you need to be prepared. Stock up on what you can, buy local produce, and make sure you’ve got the necessary items for emergencies. We had tornado warnings yesterday, so I got my battery-powered camping lantern and battery radio ready. If the electricity had gone out, I could still cook on a propane camp stove. If I needed heat, I have various heat devices that work on a 20 lb. propane tank. So my advice is to prepare as though you expect a natural disaster.

  • Antonio Gonzalez

    Never work with fake numbers.

  • Al

    Traffix you are not alone. I have worked hard to be debt free. I do the best i can. Common sense is logical. People now have lost the order of things. Everything now and pay later, borrowing because the rates are low and gambling on captital gains. Ask a child to give you 2 dollars when he has 1 in his hands. He’ll tell i can’t I only have 1. That’s logical. Ask an adult and he’ll come up with different ways to get that extra dollar without considering the consequences. I know this is not the best example but just to illustrate common sense and the obvious.

  • John Jackson

    This blog is incredibly informative and is proof that we are heading towards a financial collapse. However for those who are prepared, it will be a time to survive and thrive:

    http://theelevationgroup.net/presentation/register.php?a_aid=a6affed9&a_bid=e6b01db8

  • Frank Bell

    Have you seen the DJIA? Yes?

    Does it look like a recession? No!

  • annie

    No Traffix, you are not alone. The stores in my area are always packed with people! Restaurants are hard to get into on the weekend! We have a huge regional boat show coming up, and people spend up to half a million for a boat!! But me and my husband quietly keep being frugal. We paid off our house a couple years back, and got the most puzzeled looks from the bank manager! lol! Actually, he really didn’t want us to do it! He wanted us to invest in some cocamaymie savings plan that offered 3% at the time! Ya right! :) We have all our food bought for what’s to come. NO consumer debt, a few barter items, we are set to go! And you know, we are at peace, and enjoying everyday GOD lets us have! God bless you all…

  • El Pollo de Oro

    One more thing: people in Madrid and other Spanish cities have been tossing flowerpots and other heavy objects from their balconies in the hope of injuring the riot police. That’s their way of expressing their solidarity with the protesters and saying that they see the riot cops as enforcers for the criminal banksters. Even wearing a helmet, I wouldn’t care to have a flowerpot fall 40 or 50 feet onto my head.

    In the words of Gerald Celente…..”when people lose everything and have nothing left to lose, they lose it.”

  • Gary2

    According to the Tax Justice Network, twenty-one trillion dollars in wealth– that’s trillion with a “t”– is being held offshore.

    There is plenty of money to tax the rich and end the recession.

    • mike Beale

      Again, much of that money belongs to the people on your side of the political spectrum. The super rich are not loyal to any country or political party, only to themselves and their god – money.

  • Piglet

    This CNBC piece, of course, puts a cheery face on the future:

    http://www.cnbc.com/id/48336894

    “[CSX railway] reported a positive outlook for the next quarter.”

    The article begins with, “To really learn how the U.S. economy is doing, you have to look to the railroad industry, ‘Mad Money’ host Jim Cramer said Thursday.” Yep, that’s the same Jim Cramer who yelled, “Buy Bear Stearns!”

    Why is anyone still listening to him?

  • Alex

    Saving money may not be enough. When the money you have saved becomes worthless it’s going to run low quick. People need to get the essentials now so that they can hopefully become self sufficient in the very near future. I try not to get involved in te conspiracy theories and dooms day preparations, but having stuff that can help plant crops, hunt and fish are what I have been doing. This isn’t going to end well. Thank you for the article.

  • Robert

    Thnk you, Michael for keeping this fresh in our minds.

    Hang in there, Traffix. Keep doing what you need to protect your liberty and family. I often think about the strange circus going on around me. There are three rings in this madhouse. The first is the Lords and Ladies who run the show, and have their own plane of existence. Everything is for their amusement, and their wealth is limitless, and often squandered.

    The Second Ring is those hooked on the Kool Aid of hope, dreams and government handouts. They are the actors who entertain the First Ring.

    The Third Ring is very quiet. We go about our daily business, work hard and covertly prepare for what is to come.We live frugally and provision for the Fourth Turning.

    Unfortunately, there is one other group who mill about outside the tent. Their hope is gone. They have already been ground up in the gears of the First Ring.They sometimes appear in news articles about suicides and mass murders.Some of those who survive may become allies in the struggle to come.

  • http://www.OlGreyGhost.Blogspot.com Ol’ Grey Ghost

    As sales of non-perishables continue to weaken due to a lack of capital reserves and basic demographics (people over 50 spend less than at any time in their lives and the last of the Boomers turn 50 in 2014) then a deflationary period will settle in (think: “clearance sale”). That will be the time to buy these non-perishables if one has the capital reserves but as perishables will be increasing at the same time due to shortages in the markets this might be few and far between.

    The central banks and governments of the world will continue their Keynesian attempts to prop everything up by monetizing their respective debts (read: print worthless fiat money) that will get everything back to its pre-deflation state. Unfortunately, this will lead to poor allotment of limited resources and drive everything right past this point in a hurry to a hyper-inflationary period and the world will find itself in a repeat of the Weimar Republic.

    http://en.wikipedia.org/wiki/Weimar_Republic

    Those with large quantities of hard currencies like gold and silver will be kings of their own small nations and those with weapons and munitions will be their well paid guards and soldiers. Everyone else? You decide…

  • Keith

    Chairman “O” is out today saying his economic policies and stimulus worked. Really? With that logic, I am relieved to state that my diet which resulted in a gain of ten more pounds over the last few months was a success.

    • thiscreepingmalaise

      And I just lost 25 Lbs on the Krispy Kreme diet!!

  • Jakob

    If it is soooo bad how come the Gov isn’t raising hell about people not paying their taxes

    • TtT Engine

      Jake, 50% of Americans are on a free ride, 25% are paying taxes plus on payment plans to the government thieves. If we place any more burden on the the top 25% [the left’s candy man], they are going to leave like they did in France. The argument that you have money, so I can take it from you is not going to get the job done. Please try to realize, it is no different than a household budget. Get control of spending and the revenues will take care of themselves. California is losing their tax base becausing they are stealing from wage earners. If we have the average Joe’s working like we had in the 40’s and 50’s, all problems would be largely solved. Government get the hell out of the way so we can get our industrial jobs back and with it comes the money. North Dakota has the answer ! Christi Fidelis !!

      • YH

        TtT Engine…as a former California resident and taxpayer I concur with your assessment about taxpayers leaving. Arrogant politicians in places like CA and Illinois are in for a rude awakening. Folks (taxpayers) who have the resources to relocate will relocate to protect their assets and investments from predatory politicians like Chuck Schumer of NY. That will leave huge areas of the nation with a high concentration of people who contribute little or nothing to the local economy. The examples are becoming too numerous to hide any longer.

      • Aper

        Our industrial jobs are never coming back, and if they do, they will be hell. Americans will be competing with Vietnamese that work for $.15/hr. North Dakotans don’t have the answer, they’re just having an oil boom. When the boom ends, they’ll go back to the way they were before. High unemployment, lots of youth fleeing the state, etc.

    • Scott-53

      The Federal ,State and Local governments spent about $5 trillion in 2008. Federal income tax
      collected was about $1.2 trillion. About 25% of
      total government spending.

  • Roger Smith

    No Traffix, you are definitely not the only one who feels that way. I live in a trailer house in a neighborhood full of 500K homes. I’m sure my neighbors love me. Ha! I just don’t care. Have spent the last couple years teaching myself to do everything I can: all my own car repairs, Home repairs and improvemnts, (re-roofed my dad’s house last week), rewired a utility trailer, etc, etc. Not having money forces you to learn the skills that everyone is going to wish they had a year from now. I believe the greatest place to build wealth right now is in your heart and between your ears. It’s the only wealth we have that “THEY” can’t steal. (a.k.a. tax)

    • Sue

      Good for you! Be more with Less!

  • Mortar Magnet

    My wife knows the system is coming down in short order.Therefore she want’s to do all the things now that she knows will be impossible or too expensive later.Thus she blows her money on exotic vacations,new furniture,dumb non edible landscapeing,everything she can do to maintain the old normalcy bias.For every cent I save to prepare for a more realistic future,she spends twice that to pile more sand on her head.Almost every word out of almost everybody I meet is a dead giveaway that people aren’t even aware of what’s about to smack them over the head,much less preparing for it.Thanks Michael for keeping my head out of the sand and being ready for reality.

    • Michael

      It is hard for a lot of people to shift gears on their spending. People just assume that things will always be the way they are now.

      Michael

  • Brian

    one thing for certain there will be a civil war in this country and mayham like you never seen if this becomes a realthing also the world would shut down so if america goes belly up so dose everyone else global trade will become a stand still

  • BFH

    The article said “Nothing is going to stop the terrible economic crisis that is coming, but at least we can get prepared for it”. No truer or more profound statement has ever been uttered on this site or any other for that matter.

  • JoeThePimpernel

    In a rational world, people would vote their pocketbooks during a recession.

    With all the Obamamabucks being pumped into pocketbooks, however, people without jobs are doing just fine, thank you.

  • Bryan

    Traffix I agree with you. Even if my wife and I had the money to spend, to blow it away on random stuff, we would not. We have no money for leisure activites. We pay our bills and budget budget budget what we have left, to get us through the rest of the month. I am very happy that my coupons a lot, it definitely helps with the grocery cost. We went from having two incomes in NM to just my income in CA, when I got stationed over here. We are just preparing for what we know is coming and watching as our neighbors and my coworkers continue on with being oblivious to what is going on in the world around them… Sad

    • http://www.ianwelling.com Ian

      in other words…you live in fear and dont live your life.

  • BA

    Michael, the end of this system of things is near. Next will be government attacking religion. There is a lot of wealth in a lot of religious organizations. (money is the root of all evil)

    • Paula W

      Jayhawk
      Total agree with you.
      We are now in the New Testament and in the kingdom of God, which Christ clearly lays out in ALL his teachings.
      That same kingdom where he said NOT to store up on earth, and to be content with what you hve, that is NOT what the majority of churches teach today.
      They have been teaching the American dream which I said a dedace ago, would become the American nighmare.
      I think the ‘Harbinger’ book describes it all very well.
      And now…through trial
      and tribulation you will ‘enter’ the kingdom of God which is within.
      Soon a lot of the ‘church’ may actually get saved.!!

    • Louise in MO

      BA

      Thereal biblical quote is “the LOVE of money is the root of all evil.”

    • Liam

      Money is not the root of all evil. We all need money to survive. It is the love of money that is the root of much evil in this world. People cannot have two masters. They will love one and hate the other.

  • Darren

    Recession… what Recession? Stock market is up over 600 points this week based on good news that the ECB will do whatever it takes to prevent the collapse of the Euro. Everything is now going to be ok. No recession or depression just good times ahead for all of us… right?

    I’m just being sarcastic, I am not that naive. I know good and well this is just a way to get a bounce in the stock market and by next week the market will come back to reality and realize that the Euro zone crisis is getting worse not better. Why would investors ever buy on the comments of Draghi that the ECB would save the Euro? It’s greed, plain and simple and I hope these greedy bastard on wallstreet loose everything when the ***** hits the fan.

  • Kent

    Cold hard facts when you are losing money even when it sits in the bank you know that our time is almost up. Look we all know that our currency will be destroyed and like all the other nations that are printing money out of thin air it must happen to usher in the One World Government. Trust the Bible. I know people tend to think it is outdated and talks about people long ago but what other book talks so much about what we are going through. The Bible, God’s Word, is quite simply a guide book that leads you to peace. 27% of the Bible is prophesy and the fact that it is 100% accurate should bring people to seek God (Trinity) and to serve the Trinity with all our hearts and mind.

    • Buzzy Watts

      It’s really amazing how many of the conclusions of contemporary “intellectuals” are contradicted by obvious reality. The economic, political, and sociocultural theories we are supposed accept as truth are failing before our very eyes, yet our “best and brightest” tell us that their bad ideas represent the pinnacle of intellectual and logical development. I believe Saint Paul said it best: “The wisdom of this world is foolishness before God” (1 Corinthians 3:19).

    • jayhawk

      I love the whole ‘outdated’ attack. How can a historical account be outdated? lol. The Old Testament became outdated as soon as Christ died on the cross and the veil was torn. That act however still remains today to be our only way to the father, and our only way to salvation.

      • Col. Wilson

        “The Old Testament became outdated as soon as Christ died on the cross…”

        Really?

        Funny because Yeshua stated in Matthew 5:18 “For assuredly, I say to you, till heaven and earth pass away, one jot or one tittle will by no means pass from the law till all is fulfilled.”

        Question is… has all been fulfilled?

        Not according to Yeshua because we are still waiting for the new heaven & new earth. BTW if the OT is outdated then the book of Isaiah is heresy because it states in Isaiah 66:22-24 that all flesh (all mankind, Jews & Gentile believers) will worship God from sabbath to sabbath in the new heaven & new earth…

        “For as the new heavens and the new earth Which I will make shall remain before Me,” says the Lord, “So shall your descendants and your name remain.

        And it shall come to pass that from one New Moon to another, And from one Sabbath to another, All flesh shall come to worship before Me,” says the Lord.”

        Hebrews 4:2 states… “For indeed the gospel was preached to us as well as to them (those in the OT); but the word which they heard did not profit them, not being mixed with faith in those who heard it.”

        IOW the OT had the same “gospel” as seen in the NT. According to your claim the OT was outdated so that means the gospel is outdated as well & that is not the case because we are to preach the gospel to all nations.

        You also forgot about 2 Timothy 3:16 which states… “All Scripture is given by inspiration of God, and is profitable for doctrine, for reproof, for correction, for instruction in righteousness, that the man of God may be complete, thoroughly equipped for every good work.”

        The “All Scripture” 2 Tim 3:16 speaks about is the Old Testament! Yes the NT is also included today but at the time it was written it was talking about the OT. Also remember the Bereans who searched the “Scriptures” was the OT. So we see the OT is not outdated if you believe in 2 Tim 3:16.

        So before you start making unbiblical claims, plz check the scriptures to see if what you saying lines up with God’s word, both OT & NT.

        Shalom

        • kcfyrdog

          Well said Col. Wilson. and maybe if the majority would pay attention to his ways we wouldn’t be in the mess we’re in.

    • Klean

      Is that why they print In God We Trust on the back of bills?? Just in case the currency is rendered completely useless God starts paying for everything?

      • phdinlogic

        It is not our God they refer to on the FED notes. It is their god lucifer.

    • GSOB

      Reply to Kent’s apocalypse

      Hello Kent.

      Not one word about Jesus Christ.
      Are you ashamed of the gospel or are you being a fisher of men or are you being politically correct or….?

      perhaps it’s none of my business.

      You are right. The bible is good reading.
      I like to add that it’s meant though for those…
      who know the truth and for…..
      those needing salvation, mercy from God’s wrath, first and foremost on their sin nature and it’s sinful appetites….
      And those wanting peace and forgiveness through repentance from God, he also give us faith hope and love towards him until he returns, by his spirit – that he pours out in our hearts – that reveals to us who Christ is and we are captured by his beauty.

      God does not forgive the sin nature, but the sinful deeds done past, present and future of our entire sinful existance.
      The sin nature is to be put to do death by enjoying God’s grace and truth. This is the kingdon that God has prepared from before the foundation of the world.
      We potray God when we prep.

      The redemption work of Jesus Christ is the ultimate bugout package. By God’s mercy, we must be born again. God regenerates us with his divine power through the sanctifying work of the holy spirit. This new life gives us is everything we need for life and Godliness and all the promises of God,…free us from our sin nature and from it’s shackles.
      Nothing but gratitude as we grow in the grace and knowledge and truth.

      As the potter works the clay, he’s working, transforming us into the image of Jesus Christ, whom is the firstborn of many brothers…, he’s redeeming us to full glory for the kingdom of God to yet to be revelaed, but within us as a foretaste and as comforter divine now.

      The ultimate prepping is to know where we stand with the one man Jesus Christ, the man who will return and is designated to judge all.
      Christ is the only hope of glory

      That’s the cold hard facts of the bible.

  • Washington

    How to FREE Your Mind: The Occulted Keys of Wisdom “I had written a presentation titled “How to Free Your Mind”, based on the use of the Trivium Method of critical thinking and creative problem solving; this was to be presented at the “Free Your Mind” Conference, in a lecture given by Jan Irvin of Gnostic Media. I published “How to Free Your Mind” as Peace Revolution episode 023, with transcript here; in an attempt to proliferate the ideas of Cognitive Liberty” – Richard Grove

    https://www.tragedyandhope.com/peace-revolution/how-to-free-your-mind-the-occulted-keys-of-wisdom/

  • Todd

    (It’s the LOVE of money)
    1 Timothy 6:10

    King James Version (KJV)

    10 For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows

  • Bryan

    Micheal i sure hope you can answer this for me if all this is coming why do the people keeping putting into the stalk market what is it going to profit them? i mean it just went above 13,000 today..I’ve never study any of this much of this stuff what is GDP? is that right? Thank you for all you do i’ve learned so much from you sight and continue to I share your articles often don’t know how much good it’s doing but i always do!!! :-)

    Godbless you!

    • Michael

      Bryan:

      GDP is “Gross Domestic Product” – it is a measure of all goods and services produced in a nation in a given year.

      And the stock market is doing well for the moment, but I fear it is going to take a really bad turn in the not too distant future.

      Michael

      • Rodster

        The stock market did well today because the leaders of the EU kicked the can today and appeased Wall Street until the next crisis hits which shouldn’t be too long based on their miserable track record. ;)

        • TtT Engine

          Dow Industrials hover at approx 12,500 despite pending euro meltdown, 24 million U.S. workers out of work, deficits that would bankrupt planets, entitlement programs bankrupt and gone wild, complete MidEast energy dependence [thanks Dept of Energy et.als., you pathetic bunch of thieves] despite the U.S. having more oil than Saudi Arabia. Cripling trade deficits and a GDP that is tanking. Industrial base going, gone, good-bye. Did you ever notice the nonsensical 1/8 truths that cause the stock market to rally ? I laugh my seat off when I hear someone actually have the nerve to state oil prices are based on supply/demand. OOOOOh, there’s a hurricane looming, better raise those gas prices another 20 cents, right ?? Hannity wall banger you got to give that one up, my good man. Oh, GWB only added 4 trillion to the national debt in 8 years. Ob PPP has added 6 trillion in 4 years. Wow, that’s a big winner wall banger. GWB was the exact guilty useful idiot the left needed to bring on world wide leftism. Come clean wall banger. Have the nuts to say GWB was the enabler in Chief to world-wide leftism. We know the fix is in, big time. OOOh, can I get in one the $4 trades, pretty please ? Hey, let’s go green, man. I like green sht that doesn’t work and goes bankrupt. I love those mega propellers spinning in my countryside chopping up birds. What a freikin eye sore. I love those mega metallic solar shields. They probably are play toys not even connected. Hey, let’s save the planet, man. Tax me into death, man. I love my taxes. Hit me with your carbo taxes, please. Can I get one of those freiked out e-cars that I plug in at night and make sure I get one equiped with those enviro-hazard batteries ? Enviro taxes are like a warm teddy bear. How can I become an enviro-pagan, man ? Can I get one of those Smart/Dumb A cars, man ? I’d rather walk or ride a horse than drive that rinky dink death trap Dumb Car. ->Answer : Full blown price fixing and money laundering scheme between the Fed, the Fed Reserve and Wall Street. You pathetic left wing Judas Catholics. Think of what the Egyptians did to the Israelites, you dumb pathetic asses. Can you say Financial Enslavement you 501(c)(3) pagans. Wie gehts P Bennie ? How was that 20 mile heli ride ? What did that cost the C Tax payers ? You enjoying the floral gardens and die concerte ? No worries. See you in Oktober P Bennie ? Christi Fidelis !!

          • Rodster

            Good grief man that was a wall of text, ever hear of punctuation or paragraphs? :)

            Anyway this weekends rally was confirmed that it was based on the Euro solutions that are in the works. In other words, kicking the can down the road worked again. ;)

  • chiller

    Invisible QE injection needed an excuse for world markets rising and they chose Draghons and Ladders for their opportunity.

  • http://Theeconomiccollapse Gregge Johnson

    I wish the car was mine so I could collect the insurance !…..Plan,Prepare,Protect,Provide,Produce,Practical ,Patients,Praise,Providance from Our LORD will give us Hope to survive this mess.

  • Debbie P

    Well said Kent…

  • http://ourdailydrink.wordpress.com Gene Benjamin II

    Check out Jeff Stanley’s informative short 4-part series on economics and the biblical Law of Jubilee. Debt cancellation every 50 years is absolutely essential in a fallen world. http://www.biblicalresearchjournal.org/brj-pages_html/001bp_2008-10-24.html
    It’s about time for a good old fashioned Jubilee Year!!

  • http://EconomicCollapse Already Gone

    Is the national troll warning still in effect or has it been cancelled? I am tired but continue to prep at a consistent pace and by doing so feel that we will be in a very strong position for the coming storm.It Is nice to have a well equiped lifeboat,good luck to those that do not.

    • mondobeyondo

      Looks like the troll alert is over. It’s safe to leave the storm shelter now. *giggle*

  • Traffix

    Thanks for the support everyone. We staying the course, paying off remaining debt,and investing wisely.

  • Miguel

    Well said buzzy… you remind me of a friend of mine, surname also watts.. wouldnt that be a wierd coincidence

  • Suzie

    Aloha Michael,
    I love all your informative articles and your commenters are just priceless!

    • Michael

      Suzie:

      We sure do have a collection of characters here, don’t we? :)

      Michael

  • mondo bizarro

    People were actually hoping for a recession?

  • Suzie

    Oh and good on you Traffix…no you are not alone(obviously). It’s a mad world out there..totally insane.

  • Mike

    Are we in a recession? Hell yes. I built my own company years ago and now am struggling to keep the doors open; my income is down 50% from last year. I fear a collapse is coming soon.

  • Orange Jean

    I am trying to keep things balanced in my life, and at this point I feel GOOD about my choices.

    What am I doing? A combination of paying off debt, saving, and spending “mindfully” … which is a little bit of prepping and a little bit of spending that supports my local economy. I can see why some of you make a choice to do major prepping, but for myself I have to come to grips with the fact that my health has been deteriorating a bit to the point where if TSHTF big time, no amount of prepping could help me. I have some conditions (bad arthritis & bad back and veins, now need to use a cane as I am not able to walk or stand for long without pain) that mean I could not do the heavy gardening, etc. that I did in years past… and I’d probably die laughing if I tried hunting or building myself a shack or log cabin out somewhere… or tried running away from some bad guys.

    So what do I do instead? Kind of live for today while doing what I can to try to prep for the future (even if mine ends up shorter than some folks).

    1) I am paying off debt I got into mostly from having to move 3 times in 5 yrs to keep gainfully employed and not under employed. My truck died about 6 yrs ago too and replaced it with a car. I am about 2 months away from having all debt paid (unless in the meantime I lose my job!), and it feels good.

    2) I have been saving money in the credit union, even though I know with inflation it may devalue at some point to being worthless. In the meantime, it’s a stash that would help me if I got laid off (a definite possibility, since I work for DOD, due for major cuts I think); if I find a job elsewhere I have money to move without getting back into debt or if I need it for medical emergencies (I have health insurance, but it is lousy… high co-pays and high deductibles for a number of things I may need).

    3) I use some of my money to visit friends and family who do not live near me (since I have neither nearby).

    4) I use some of my money to stock up on food and things like T-tissue, detergent, etc., especially when there are sales. I also keep a stash of good seeds (mainly heirloom and all open pollinated) both veggies and flowers (helps pollination). I already have a stash of fabric & yarn so I could keep replacing clothing if needed.

    I don’t think I’d ever have enough to buy land or a house, so I try not to think about that.

    and I also spend some money on things I don’t need but which support my local economy, mainly going out to eat a few times a week. How does that help? Despite the fact it’s more expensive than cooking all my own food… there are people out there who only can find jobs working in service industries like fast food and restaurants. If I eat out, I leave a generous tip when I get good service… and I think that really does help people keep jobs.

    and as part of my prepping by stocking up on food, I’ll buy bacon and pork from Smithfield Foods – because I live just down the road from them, and every day I drive by and see people going into work there. Yes, the people who own the place are rich… but there are also several hundred people at least every shift who have a job because the place is there and the business is making a profit. It’s not a job I’d care for, but at least the people they are working… many of them I suspect would have a hard time finding work elsewhere. (A month or so ago, they had some kind of hiring event going on and there were hundreds lined up waiting to get into their employment office).

    So I’d say, do what you can… do what feels right to you and don’t necessarily assume because you see someone spending something you wouldn’t choose to, that it’s not necessarily because they are foolish.

  • mondobeyondo

    Well, I’m not exactly WISHING for a recession in 2012… but the stars are beginning to align themselves.

  • Noe1

    A Bankers defeatism nightmare, Being forced to Return to Real Money=United States Note=Lawful Money, remove the elastic money from the system, and pay off the national debt.. The real reason you pay tribute, an income tax, is for the privilege of using a private currency. Also known As A: Federal Reserve Note, Demand from your bank or brokerage, lawful money and the tax goes away, with a tax exemption on lawful money, all of your money is yours. Use the Remedy within the Federal Reserve Act. http://savingtosuitorsclub.net/ Stop being a Slave!!!!!! This is Tax Free Money!!!!!!!! For the short version see http://www.stormthunder.com
    Republic vs CORP: http://www.USAvsUS.info
    Search: the communist takeover of america—the 45 declared goals
    Search: The united states isn’t a country—it’s a corporation by lisa guliani
    http://www.blacklistednews.com/Federal_Reserve_Banking_System_/19014/0/0/0/Y/M.html

  • we tried our plan it was a dismal failure

    Saw a page on interweb tubes that said the growth of China’s GDP was humming along at 7% while the Hopetopia’s GDP was growing at 1.5%! We need to scare more rich people off so they take their wealth to some other country. All those people who don’t pay any tax will pay for those social programs. We don’t need to make any products that people want to buy we have social networking and a cool president.

  • SMASH THE CONTROL MACHINE

    I CRY DAY AND NIGHT AVENGE US LORD OF THIS UNJUSTICE!!And he spake a parable unto them to this end, that men ought always to pray, and not to faint; 2Saying, There was in a city a judge, which feared not God, neither regarded man: 3And there was a widow in that city; and she came unto him, saying, Avenge me of mine adversary. 4And he would not for a while: but afterward he said within himself, Though I fear not God, nor regard man; 5Yet because this widow troubleth me, I will avenge her, lest by her continual coming she weary me. 6And the Lord said, Hear what the unjust judge saith. 7And shall not God avenge his own elect, which cry day and night unto him, though he bear long with them? 8I tell you that he will avenge them speedily. Nevertheless when the Son of man cometh, shall he find faith on the earth?I THINK THE EARS OF THE LORD HAVE HEARD OUR PRAYERS AND HE IS GETTING SICK OF THIS BS !!!HAVE YOU GOT FAITH???

  • Aper

    The main problem in our society is “money.” Not printing money nor spending more than we have, but the concept of “money” all together. Money was invented by man several thousand years ago, but we talk about it like it was invented by a supreme diety and is etched in stone. It’s not. It was just the best idea that man could come up with at the time to facilitate transactions. Money limits our society’s potential. There is nothing more frustrating than realizing that our society needs things but we’re not able to get them because of this limiting, old fashioned idea. It’s not “responsibility” to live within our monetary means, it’s outdatedness. When we figured out a way to move beyond money, then things will get better, if not, then I’m afraid Western Civilization is finished.

  • Washington

    HOSPITALS in the 27 Member States of the European Union. Knowledge on hospitals in Europe is sparse and spread in different sources. To make easily available the core information HOPE has developed three tools. Facts and figures provide detailed information about the situation of hospitals in each EU Member State. It considers the demographic and socio-economic condition, the healthcare systems features, hospital planning, governance and financing.

    http://www.hope.be/03activities/1_1-facts_and_figures-web_tool.html

  • Mr. G

    I already did the debt-free saver routine. Then all the idiots who were out buying 5,000 sq. ft. houses on their 20k a year incomes ruined the economy. I ended up being the guy who got screwed, since I had been doing right.

    So, I do not believe in any philosophy any more.

    I believe in taking what you can for yourself, and that’s it. It is cruel and unholy and that’s too bad because this is the nation the scum of the Earth have created, or should I say, ruined.

    There was no bail-out for me. It was bad enough when the did the banks, but then when they helped the “underwater” “homeowners,” I was sick. Most real HOME OWNERS I know, who actually owned their modest homes which they had paid off, got screwed just like me.

    Evil, evil America.

  • Mr. G

    I was not hoping for a recession.

    I figure it will get Romney elected, and then we will go from an elite-controlled but clueless, stupid president to one who is elite-controlled and a total fascist nut-job.

    It is really sad when a guy like me does not want to see Obama lose because I am afraid of the alternative!

  • Giddyup!

    You Michael are a great Drama Queen, gimme more! ****************************!!!

  • i’vegivenup

    We have been in a downward spiral since 9/11/01 imho. Nevermind the housing boom. That was a fantasy soon to become a nightmare. Bush started it all with his wars in Iraq and Afghanistan plus tax cuts. Jobs started disappearing in America and grew overseas. Outsourcing became the norm. Manufacturing has lost over 50,000 American facilities since 2001. REAL unemployment is over 20%. This is a protracted recession entering into depression status. Why is it so many people don’t understand what is really happening and that they are about to enter into the once unthinkable?

  • Cleo

    I don’t think we ever got out of the last recession. We need to account for inflation in our economic figures. Is a 1.5%increase just due to inflation? I believe it is.

  • Paul

    Have a look at this:

    http://en.wikipedia.org/wiki/Hyperinflation_in_the_Weimar_Republic

    The Weimar Republic was after WWI, just as the US today is after Golf War I, II and III. And the wars in Afghanistan, Libya are still ongoing.
    The wars in Syria and against Iran just around the corner.
    (Remember all those food rations and ammo just bought by the government?)

    And there is still that promise to Taiwan, to help against China. And China filling their strategic reserves right now with cheap oil from Iran, and wheat from their own fields in Kazakhstan and Africa…

    Let China dump 1 trillion in US treasuries on the market. And next week another trillion.

  • Todd

    Regarding the box car/trash correlation. . . Another item to look at (which you brought up in an earlier article) is the Baltic Dry Index: 1) The BDI mirroring of the trash box cars and 2) if you do a year chart you can see where the BDI was going UP going into the fall months (I assume because of retail shipments and Christmas) last year, but this year is going down for the same period. Trending down pretty steep too. Todd

  • Brent Fogle

    Why so much talk about freedom being connected to the bible and to the Christian church? You all sound very silly. Weren’t the development of the Roman Catholic Church (and the Spanish Inquisition – remember that?) the most strident examples of a minority’s attempt to create “one world power” that could successfully control people’s language and culture and collect all their tax revenue? If you bother to read about the development of the bible you will see it is and always has been a tool for control. While it definitely contains some wisdom in it, it is so foolish to take it literally. I mean, really?

    • Zodiac

      I have never understood why so many people think that america was given to us by god and that we only achieved our liberty by believing in an absentee father figure. We achieved liberty through determination and courage. i believe that if we stop holding so many things above us, whether in fear, fate, or faith, that we can set ourselves truly free.

  • http://malaysiandemocracy.wordpress.com/ AgreeToDisagree

    Nonsense. USA could simply distribute all unused land , and tell the people to grow their own crops and build their own houses, raise their own livestock, make their own leather or fur goods, compost their own sewage, collect their own rainwater or dig their own wells. End of problem, everyone gets a few acres. BTW there is no such thing as money. There is no such thing as economy or collapse. Too bad for the plutocracy or corporatocracy though! Even if education was free now, citizens will return to 1400s settler-era America! Citizens please elect ONLY a President or Governor with the above intent. Executive Order 0 (Zero) for land distribution will be that reset button America needs.

    BTW there is no such thing as money or a Global Financial System or a recession.

  • Ajax

    Praise the Lord and pass the ammunition will be my mantra when the ****** hits the fan. Lead will be the new gold standard when the scumbag liberals come to take what little I have left.

  • Ajax

    The risk of the hyper inflationary holocaust looms with each passing day and rational individuals should realize that the system is broken and beyond repair. All you can do is remove yourself from it. Prepare as best you can before it’s too late. The sheeple will never come to grips with the magnitude of what awaits them.

  • Nica

    We don’t need them, they need us. We all work and abide by their rules and regulations like slaves suffering and struggling, yet if we all simply realized just this and said no, they would crumble. We’re working and fighting for money, paper, that has no value. A made up value that has been believed by so many. There is a way out. We have to realize that we don’t have to be slaves to this group of people. We are all people. We all deserve happiness and necessities. If you choose to say that’s unrealistic then you are continuing to support this unrealistic reality that they have put up around us. Wake up all.

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