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18 Signs That Massive Economic Problems Are Erupting All Over The Planet

Volcano Eruption - Mount RedoubtThis is no time to be complacent.  Massive economic problems are erupting all over the globe, but most people seem to believe that everything is going to be just fine.  In fact, a whole bunch of recent polls and surveys show that the American people are starting to feel much better about how the U.S. economy is performing.  Unfortunately, the false prosperity that we are currently enjoying is not going to last much longer.  Just look at what is happening in Europe.  The eurozone is now in the midst of the longest recession that it has ever experienced.  Just look at what is happening over in Asia.  Economic growth in India is the lowest that it has been in a decade and the Japanese financial system is beginning to spin wildly out of control.  One of the only places on the entire planet where serious economic problems have not already erupted is in the United States, and that is only because we have “kicked the can down the road” by recklessly printing money and by borrowing money at an unprecedented rate.  Unfortunately, the “sugar high” produced by those foolish measures is starting to wear off.  We are going to experience a massive amount of economic pain along with the rest of the world – it is just a matter of time.

But for the moment, there are a lot of skeptics out there.

For the moment, there are a lot of people that are declaring that the problems of the past have been fixed and that we are heading for incredibly bright economic times ahead.

Unfortunately, those people appear to be purposely ignoring the economic horror that is breaking out all over the globe.

The following are 18 signs that massive economic problems are erupting all over the planet…

#1 The eurozone is now in the midst of its longest recession ever.  Economic activity in the eurozone has declined for six quarters in a row.

#2 Italy’s economy has now been contracting for seven quarters in a row.

#3 Industrial production in Italy has fallen for 15 months in a row.  It has now fallen to its lowest level in about 25 years.

#4 The number of people that are considered to be “seriously deprived” in Italy has doubled over the past two years.

#5 Consumer confidence in France has just hit a new all-time low.

#6 The number of unemployed workers seeking a job in France has hit a brand new all-time record high.  Many unemployed workers in France are utterly frustrated at this point…

“I’ve sent CVs everywhere, I come to the unemployment agency every day, for 3 or 4 hours to look for work as a truck driver and there’s never anything,” said 42-year old Djamel Sami, who has been unemployed for a year, leaving a job agency in Paris.

#7 Unemployment in the eurozone as a whole has just hit a brand new all-time record high of 12.2 percent.

#8 Youth unemployment continues to soar to unprecedented heights in Europe.  The following is from an article that was recently posted on the website of the Guardian that detailed how bad things are getting in some of the worst countries…

In Greece, 62.5% of young people are out of work, in Spain it’s 56.4%, then Portugal with 42.5%, and then Italy with 40.5%.

#9 Youth unemployment is being partially blamed for the worst rioting that Sweden has seen in many years.  The following is how the Daily Mail described the riots…

Sweden is reeling after a third night of rioting in largely run-down immigrant areas of the capital Stockholm.

In the last 48 hours violence has spread to at least ten suburbs with mobs of youths torching hundreds of cars and clashing with police.

It is Sweden’s worst disorder in years and has shocked the country and provoked a debate on how Sweden is coping with youth unemployment and an influx of immigrants.

#10 An astounding 10 percent of all banking deposits were pulled out of banks in Cyprus during the month of April alone.

#11 Economic growth in India is the slowest that it has been in an entire decade.

#12 Suddenly Australia is experiencing some tremendous economic challenges.  The following quotes are from a recent Zero Hedge article

-“We’re seeing a much sharper contraction in the Australian economy than we’d anticipated four or five months ago”. Coffey MD, John Douglas. The engineering group has seen its shares, which traded above $4 in 2007, hit 10c last week.

-“By 10am, the Fitness First gym in the city is packed full of brokers who’ve had a gutful of sitting at their desk doing nothing – salary cuts are starting and next it will be jobs” Perth broker

-“Oh mate, the funding market is dead. You are now seeing a few deeply discounted rights issues for those that are reaching desperate levels ….. liquidity has completely disappeared” Perth broker

#13 The financial system in Japan is beginning to spin wildly out of control.  The Japanese stock market has now declined about 15 percent from the peak, and many believe that the yen will continue to get weaker and that interest rates in Japan will start to rise significantly.

#14 Global cash flow is declining at a rate not seen since the last recession.  This indicates that we could be headed for a global credit crunch.

#15 Real wages continue to decline in the United States.  Even though we are being told that the U.S. is experiencing an “economy recovery”, real weekly earnings have declined from $297.79 in 2010 to $295.49 in 2011 to $294.83 in 2012.  (The preceding calculation is based on 1982-1984 dollars)

#16 Wall Street is buzzing about the fact that “the Hindenburg Omen” appeared at the end of last week.  So exactly what is “the Hindenburg Omen”?  The following are the criteria that are used to determine whether it has appeared or not…

1. The daily number of NYSE new 52 Week Highs and the daily number of new 52 Week Lows must both be greater than 2.2 percent of total NYSE issues traded that day.

2. The smaller of these numbers is greater than or equal to 69 (68.772 is 2.2% of 3126). This is not a rule but more like a checksum. This condition is a function of the 2.2% of the total issues.

3. That the NYSE 10 Week moving average is rising.

4. That the McClellan Oscillator ( a market breadth indicator used to evaluate the rate of money entering or leaving the market and interpretively indicate overbought or oversold conditions of the market)is negative on that same day.

5. That new 52 Week Highs cannot be more than twice the new 52 Week Lows (however it is fine for new 52 Week Lows to be more than double new 52 Week Highs).

When the Hindenburg Omen makes an appearance, it supposedly means that the U.S. stock market is likely to experience a serious decline within the next 40 days.

#17 As I wrote about the other day, the SentimenTrader Smart/Dumb Money Index is now the lowest that it has been in more than two years.  That means that lots of “smart money” has been getting out of the market and lots of “dumb money” has been pouring in.

#18 Margin debt on the New York Stock Exchange has set a new all-time high.  The following is from a recent Market Oracle article

Margin debt—that’s the amount of money borrowed to purchase stocks—on the New York Stock Exchange (NYSE) reached its all-time high in April. Margin debt on the NYSE registered at $384.3 billion as the key stock indices hit new record-highs. (Source: New York Stock Exchange web site, last accessed May 29, 2013.) The highest margin debt ever reached prior to this was in July of 2007, when it stood just above $381.0 billion. At that time, just like today, the key stock indices were near their peaks and “buy now before it’s too late” was the prominent theme of the day

Whenever margin debt spikes like this, a stock market crash almost always follows.  If you doubt this, just check out the chart in this article.

Wall Street has had a good couple of years, but it has been a “false prosperity” that has been pumped up by reckless money printing by the Federal Reserve.  Just like all of the other stock market bubbles that we have seen in recent years, this one is going to burst too.  And as Marc Faber recently pointed out, this bubble has been particularly beneficial to the wealthy…

The Fed has been flooding the system with money. The problem is the money doesn’t flow into the system evenly. It doesn’t increase economic activity and asset prices in concert. Instead, it creates dangerous excesses in countries and asset classes. Money-printing fueled the colossal stock-market bubble of 1999-2000, when the Nasdaq more than doubled, becoming disconnected from economic reality. It fueled the housing bubble, which burst in 2008, and the commodities bubble. Now money is flowing into the high-end asset market – things like stocks, bonds, art, wine, jewelry, and luxury real estate.

Money-printing boosts the economy of the people closest to the money flow. But it doesn’t help the worker in Detroit, or the vast majority of the middle class. It leads to a widening wealth gap. The majority loses, and the minority wins.

The fact that the U.S. stock market has set new all-time record high after new all-time record high in recent months means very little.  At this point, the stock market has become completely divorced from economic reality.  When this current bubble bursts, the adjustment is going to be very painful.  Wall Street will likely whine and complain and ask for more bailouts, but they may find that authorities are not nearly as sympathetic this time.

Much of the rest of the world is already experiencing the next major wave of the economic collapse.  Reckless money printing by the Fed and reckless borrowing and spending by the federal government may have delayed the inevitable in the United States for a little while, but those measures have also made our long-term problems even worse.

There was one piece of advice that Ben Bernanke included in his commencement speech to students at Princeton recently that I thought was particularly ironic…

“Don’t be afraid to let the drama play out.”

Will he take his own advice when the next great financial crisis strikes the United States?

That seems very unlikely.

Unfortunately, things are not going to be so easy to fix this next time.

What happened back in 2008 was just a preview.

What is coming next is going to absolutely shock the world.

  • K

    The worldwide unemployment numbers are bad enough. Add to that the shrinking paychecks, for those that have jobs. And as a result of the first two factors, the ever shrinking middle class. Add this all together, and I can see no way a crash can be avoided. You can only make believe that 2+2=7 for just so long.

  • Stezie

    Really, at this point, it’s not a matter of IF, but WHEN. Personally, I would like for this collapse to happen; I think it would be interesting to go back to simpler times. I can only hope this whole thing turns out for the best.

    • Rodster

      Unfortunately it won’t and that’s what concerns me. What is waiting in the wings is a New World Order, based on Global Governance overseen by the United Nations and controlled by the criminal banksters.

      This could get a whole lot worse before it gets better.

      • No New World Order

        RFID chips coming soon to a FEMA camp near you.

        • MichaelfromTheEconomicCollapse
          • FreeThinker

            Is there a list of all of your sites? You write such wonderful, thought provoking articles.

          • markthetruth

            The article is Correct. I own the emotiv Epoc Headset, and it’s for Real. But One Problem is as Far as we Can Tell ,Technology is Infinite and will NEVER BE RESOLVED.

            the end…

        • markthetruth

          Right now your already have one.its Called a Cell Phone.

          the end…

          • DownWithLibs

            It is also a listen-in device. Be care full what you say around it even if it is off!

        • GiantM

          Never! Not under my skin. If it means death… so be it. My Lord awaits.

      • DownWithLibs

        If you want to know what is coming, just consult the last book of your nearest bible!

      • LadyFloridaCracker

        It could get worse before it gets really, really bad. But Jesus said…”If my people who are called by my name shall humble themselves and pray, and seek my face and turn from their wicked ways. Then will I hear from heaven and will forgive their sins and will heal their land! 2 Chronicles.

    • No New World Order

      The collapse will not turn out for the best. It might lead to civil war or worldwide wars. When people lose their jobs and homes in a hopeless economy, they lose it. First will be the protestors clashing with the police, then martial law comes in, then as more people turn poor looting and similar crimes will skyrocket.
      The uber-wealthy in the gated communities will be protected from the chaos.

      • GSOB

        Very likely.

      • seth datta

        Protestors in the UK are having their angry energies diverted by ‘race’ riots and anti-fascist demonstrations sponsored by the very same people they are campaigning against. Leading the opposition, if you will. It’s sad.

        Recently, much news reporting over here has become diversionary and biased and has not mentioned the massive demonstrations taking place in the continent versus the ‘troika’ and the European Central Bank.

        • TooLittleTooLate

          Protesters in the UK are protesting but, you have to think of their protests differently. They’ve never had a free market or fair shot really. In the UK there are only the “haves” and “have nots”. They never had, “the good ol’ days” there. So, the solution for most of them is, “give me MY share”….. “you’ve stolen yours”. The average person over there could never think of making it on their own in a free market. There are too many there to put them back in their place. Therefore, their solution is in many cases anarchy, riots and other ways to get back at their captors. Most there really want a benelovant (sp?) socialistic system that will care for them fairly. This is the best they can hope for most think.

    • TooLittleTooLate

      Be careful what you wish for. I moved out of the city searching for simpler times… figured I try raising animals, growing a farm… a small farm… big enough for me and my family and even a few friends…. I still have a city job but am able to work from home most days.

      So, here is what I’ve come to understand about that… to manage a garden of any size, you have to have power tools, fertilizer and something to keep the bugs off the plants. To raise chickens, you need an electric fence charger to keep the coyotes out. To cut the grass you need gasoline, to plow the garden, put up fence posts, shred the pasture etc. you need diesel. If you want to heat and cool your house, you need electricity.

      So, even if you can live, “simply” without the electricity, you may have problems keeping your chickens alive, even if you can feed them…. No, I will be better off than most if I HAVE to live simply but, I like the power tools better.

      I’m not meaning to bash you… I used to think like you.

      • squashpants

        Well, people kept chickens for centuries before power tools or electric incubation. If there is a way to do it, someone will “rediscover” it. That is the nature of the human being. In the words of LOST’s John Locke, “don’t tell me what I can’t do”…

      • RS

        Not trying to pick an argument but I commute to an urban area for work, live in a small town and I garden and have raised chickens. Most of my fence I put in by hand. Admittedly I like to use a tiller in the garden but before I had one, I dug it out and turned the soil by hand. That’s how they used to do it and that’s how I did it. Stock up on basic tools and you’ll be good to go. Just think of all the extra time you’ll have for your garden and animals if you don’t have a job in the city to go to anymore. ;-)

    • cherylmeril

      You need to get right with God and read up on the Bible that tells us exactly where we are on God’s timeline. There won’t be any simpler times for us, get real and get to know God, His son and Word or you will perish for lack of knowledge.

  • markthetruth

    ………..” T I T A N I C “…………

    The Issue is We are the Passenger’s on the Titanic and told We are Unsinkable and when we Hit Trouble, they Give us Free Cocktails and Keep The Music Playing . Until the Boat is Half Under Then we Realize Where Sinking, Only Then There’s Panic and Disbelief . But Now where Told there’s not enough Life Boats For Everyone and basically Your only Choice is to Jump Freezing Water and Get Eaten By SHARKS .

    the end…

    • Ayn Rand

      Today I just gathered some wild onions from my yard and planted them in pots. Wild onions are considered a pest but are actually a very hardy and nutritious crop. The shoots just need to be washed, the bulb you eat like you would a regular onion. They also grow ridiculously fast. I could probably grow enough wild onion to feed my family just by gathering up what is in my yard and cultivating it. We also plan to plant watermelon, carrots, cantaloupe, and tomatoes. All of these are organic. I consider these measures a nice bit of reassurance against the decline.

      • No New World Order

        You are lucky to live on a house with land. The MSM has been pushing the Agenda 21 lifestyle to the masses while some have no choice but to live in a shoebox because of the lack of infrastructure to accommodate the traffic to and from the suburbs.

        • Ayn Rand

          I know. I feel so bad for the people stuck in the cities, or within a few miles from the cities. They will be living in a war zone.

          • LadyFloridaCracker

            The government is now patenting seeds. If you’re caught growing anything other than their seeds, there is a penalty to pay. What’s the penalty? That’ll be up to Monsanto at that time!

        • seth datta

          True. There actually is no space in the UK to build new houses, or we will further compromise our ability to feed ourselves, with so many people in the country.

          Worse still, if people did have land, there are those amongst us masses that don’t know how to farm and some even don’t know how to work. The economic collapse is happening all around us as people lose their jobs, we will witness a slow and painful process. There will be no real recovery of the West. It may not lead to an instant cataclysm, however, a long, drawn-out Armageddon is much worse.

          • bullishtar

            That’s the point… It will slowly but surely worsen like it did for 30 years now. No big war, no flash in the sky, no giant tsunami, no nothing, except an insidious decay spreading over.

      • Ayn Rand

        BTW: Before any of you go out and gather wild onion or garlic, make sure they aren’t death camas or Star of Bethlehem. Those things WILL KILL OR SICKEN YOU! You can tell the difference by smelling them (you know the distinct onion/garlic smell) or cutting open the stalks. If hollow they are onion or garlic. If not hollow, then throw them OUT!

        • Lori Alayne Weber Miller

          I have perennial onions( Walking Onions) and chives. The perennial onions will grown little tufts of onion sets out of their blossom head and you can plant them and get more. This chives go to seed all over
          and don’t kill off your dandelions they are edible.

      • Jen

        preparing is good but you must also stand on God”s promises to get you through. He can bless you and your family abundantly through these future storms. trust him.

    • bullishtar

      No shark in the arctic so far, just cold water…

      • markthetruth

        Tell that to the Greenland Sharks .

        the end…

  • marvin nubwaxer

    this site is nothing but a con job to sell the books advertised on this spam site.

    • Rodster

      Is that you BaracK?

      • Tybr

        Now that is funny!

    • Stezie

      How can you deny facts though? Over 50 million people on food stamps, growing poverty, increased violence, massive debt, etc. The US government openly admits these facts. Are you telling they’re lying as well? How is any of this indicative of a “recovering economy”?

      • No New World Order

        Marvin Nubwaxer believes that just because he sees some big Brazilian b*tts the economy is doing well for his waxing business.

    • markthetruth

      What a Name Like That i Guess you Wax alot of Nub’s of all size’s and shapes. How do you have time to be on this Site.

      Please Leave !!!

      the end…

    • Handog

      Sounds to me like you are merely voicing a personal experience of rejection and you want someone else to suffer the “unjust” pain you went through.

      Try forgiving your self for making mistakes and move on.

    • jokyjo

      The con is on the American people perpetrated by the U.S. gov’t and the banks and corporations. Get a clue you troll.

    • cateye

      Marvin, you pulled your head out of the sand long enough to scribble a few words…keep it out and learn about that which is coming at us.

    • No New World Order

      Have you been waxing too many Brazilian boo-ties lately? Your comment is a diarrhea of words with random allegations.

  • ArigatouGozaimas

    I just want to thank you Michael. I’ve been reading your blog for some time now, and I find that you are unafraid to speak truth about the situation in the world. Maybe it’s because I find myself in agreement with over ninety percent of what you say, but I can not help frequently checking backing for your articles. Thank you very much.

    That said I found number 15 interesting. Our freind Paul Krugman would argue that inflation is not a problem. Yet the main reason the Keynesian theorists do so is because wages have not gone up, in fact, they have probably gone down among the average worker because of the nature of the new jobs created. Real wages among industrial jobs actually seem rather flat.

    While these wages have remained flat, some prices for consumer and luxury goods have been depressed as well. Though prices for automobiles, utilities, rent, health insurance, repairs on products, food, essential clothing, education (Your article on tuition debt), and energy have all either gone up or skyrocketed.

    So if the inflation is coming from essential goods that people need to live, and that is being balanced out by stopping or slowing the wage growth of those same people, then at what point does this balance out? Where does it go. Does it not seem that the very reason inflation is not happening (much more heavily) is squeezing dry or putting those in debt with the least resources to afford it.

    My point being, I think we may be having inflation with the people at the top getting the money first. They hold the money and slowly extract maximum value from the people below. Personally, I’d rather see the money thrown from helicopters that are flying over my neighborhood. So I could go and spend it before it was worthless.

    • No New World Order

      The masses believe that the government will protect them—yea right. The government wants the masses poor so they have to become dependent on the system. People who are on government services will not bite the hand which feeds them. The microchip is coming soon to a Health centre in a FEMA camp near you.

    • MichaelfromTheEconomicCollapse

      Thank you for the kind words Arigatou. I very much appreciate the encouragement.

      Michael

  • crat

    I do believe that a significant societal change will happen, surprised it has not come about yet; however, without an approximate timeline, predictions don’t mean much. Any takers on what they believe a realistic time frame?

    • No New World Order

      The economic collapse is slowly, but surely coming. It looks as if the economic crisis in America might come in 2015 or late 2014. Europe is in an economic mess already. Once jobs are being lost and more people end up being unemployed the economy is withering away.

      • seth datta

        In the UK, a well-known shill for the NWO has suggested 2014 as the key year for ‘whether the next 100 years will be peaceful or violent’. Of course, it will be peaceful as long as we accept their solution. Which, as most of us believe, is not going to work anyways. So we are f@cked either way. Time to believe in Jesus.

        Btw, I am indian and am not a religious fundamentalist, so if I can see that turning away from God’s laws, which actually led to a healthy society, is the problem, then I’m sure many others can eventually admit that this ‘turning away from God’ has caused many problems.

    • BonusGift

      In my opinion I think that by wanting a specific date it indicates to me that you are not viewing this realistically. Collapse has already begun, but as has been said by the likes of Dmitri Orlov: economic “collapse is a process, not an event.” Economic or societal collapse is not, for example, like war where the war can turn on one battle one day. For example, things like economic collapse tends to be roughly symmetric around the lies/inefficiencies that drove the economy and culture away from a stable equilibrium. For example for macroeconomic financial bubbles in national stock and/or real estate markets, the length of time it takes to get roughly back to fundamental pricing tends to last about as long as the pricing was driven away from its true economic or fundamental value. Therefore, if prices are driven further and further above and away from fundamental value for say a decade, then after the bubble “pops” it takes roughly around a decade for the “collapse”. Many people expect that there must be some “crash”, and there might be one or more “crashes” on the way to fundamental equilibrium, but asking for a specific date misses the point. Honest historians will look back one day and say that one part of the “crash” began around late 2007-2008 when the “financial crisis” began, but other parts began after the final link to gold was broken around the early 1970s, and other “crashes” are yet to begin. So when you ask for a specific date, my answer to you is that it has already begun; and also I would ask you what specific types of “societal change” are we talking about? If we are talking about cultural Marxism’s destruction of the country by dominating the MSM, academia, politics, large corporations, etc. and continually first doubling down, then tripling down etc. etcetera then we have not even begun to unwind (as they continue to push the lies and inefficiencies up to even today) their lies and the impact of those lies (and I too wish to know when that will begin to unwind).

      • Crat

        I do believe you are right. I’m sure historians will look back and write about how quickly this happened, but it won’t be a one time event rather an ongoing grind. Living through it sure feels slow.

        • BonusGift

          The term grind sure describes what it now feels like to me as well.

    • TooLittleTooLate

      I take whatever the longest prediction is and add a day.

      While I know it will happen, I’ve come to believe that the guys pulling the levers are far from through. I think we’ll see our 401k accounts confiscated and left with IOU notes…. there will be more account confiscations and bail in’s…. mini crashes in the markets and everything will be done in the complicit media to tell use everything is fine… ( remember bagdad bob? )…. We’re being told we’re in a recovery… Have these fools been to the grocery store??? The stage has been set and the precedents have already been set. I have a feeling this will be a long bumpy ride. Of course, we could have another 2008/2009 anytime but, the big event may never quite get here the way some here think. Since, it seems, that all the big boys are easing at the same time, it appears more like a managed fall than a crash at the moment to me at least.

  • Jedi

    Wonder what percent of bank deposits were pulled out of the Cyprus banks for the month of May. Curious to find out.

  • No New World Order

    Nowadays university graduates are competing for minimum wage fast food jobs; jobs which may become outsourced, given away to temporary workers or automated by robots. The future of America brings concern.

    • glamandvamp

      Gotta say I’m glad I’m not young anymore in this economy. I think if I were young, I’d be tempted to get an a life raft and flee to Cuba just to go somewhere that will probably not be too affected by a worldwide collapse, as Cubans have had to make do for years with very little. I wonder if I am the only one who has had this bright idea?

      • nunjobizness

        I call it “Change before you have to…”

  • Rodster

    Turkey is officially in meltdown mode as the riots are picking up steam and getting more violent.

    • glamandvamp

      Turkey is in the EU, right? If so this can’t bode well for the EU and it’s future….Im going to google this as I did not know Turkey was doing so bad.

      • Mertet from Paris

        No, Turkey is not in the UE.
        But be sure we don’t need them to start our own riots…

  • glamandvamp

    The only problem I can see about your party – too many jobs that still do exist depend on the uber wealthy to spend their money. Once the market collapses, that’s gone, and things can’t get any better from there that I can see…..

  • Adrian

    The reason why things aren’t improving for the bulk of the population is because Keynesian economics has been replaced with the flawed neoliberal model. The economy is driven when money is in the hands of people who will spend it, also known as the middle class and working poor. By giving it to banks and the already super rich, it has almost no effect on the economy as a whole. This is obvious, but the bought-and-paid-for politicians in DC don’t care. No wonder it’s about to hit the fan. As the old song goes, “You ain’t seen nothing yet”

  • Richard

    Great article, Michael. And thank you so much for dialling back the emotive language. Your prose is so much more powerful for this. Allowing us to think for ourselves about the momentous facts you bring before us really drives the point home…
    Thank you again.

  • TooLittleTooLate

    I agree with the sentiment but, I really don’t. I moved to a small farm thinking I’d try to insulate myself from it as much as possible but, I’ve come to know that I may be somewhat better off than most when it falls apart, I’ll have my own set of different problems….

  • Ralfine

    I’m feeling better. I walk everywhere, and it is getting better each time.

    And at the market I look at all the cheap and fresh food I didn’t look at before. Just got me three big mangos for a pound. And a handful of roe for a pound. Add some potatoes and dill to the roe and some sticky rice for the mango, and I’ll be set for 1-2 days.

    • squashpants

      I understand where you’re coming from. I used to have a 70,000 dollar a year job. I got laid off, couldn’t get another computer job, and so retrained to be an x-ray tech. Making 33,000 dollars a year. I learned a lot about living frugally and still being happy. I am now retired, and getting along on about the same amount of money ($33,000 yearly). If I were not prepping, we would be living on $3,000 less yearly easily. But we have everything we need and are very happy in our non-affluent state. Living frugally and becoming more self-reliant is a blessing rather than a curse.

      • Ralfine

        Not those are happiest who have the most but those who need the least.

        • squashpants

          Yes, very nicely said. If your happiness comes from a source within you, then you do not need more and more toys and pleasures to fill a hole in your soul. You only need those things that sustain you.

          • Ralfine

            It’s not the toys that make me happy. It’s the people I can make happy.

  • Concerned

    I’ll say one more thing and start my work day. As I’ve said here, I think it will be MOSTLY a managed decline, watch the police state come into being….

    Besides what you see in the news with the scandals currently in play…. I have a personal friend that has been visited by the SS because of a post that was an implausible joke he posted on a board like this one… .they searched his home and took a 20 page report. ( would have been a 30 page report if he was in the military ) I don’t ride in a club anymore but, the club I used to be with started getting chased down by the HS folks… they’d just pull them over and take their picture as possible domestic hooligans…. the IRS is targeting folks just like us. They’re going after anyone that would speak out. They’re going after our firearms.. they’ve already taken our right to privacy. IF or WHEN things get really bad, how do you think this will go?????

    Prepare accordingly.

  • Jodi

    The local news was saying this morning that the economic front is doing well this morning with good news on the housing market. They will keep telling the sheeple over and over again that things are looking up until everything falls apart at the seams. There is no end in sight of all the lies from the MSM.

    • TooLittleTooLate

      bunch of “bagdad bobs”….

    • Adrian

      Jodi, that’s true, and they have been doing that ever since the 2008 collapse. Every bit of bleak news had a silver lining, according to the propagandists. The economy’s down now, but wait…good news! Signs show things are turning around! I remember laughing every day in my car on the way to work every time I heard that rubbish. It continues today, as you point out. At least you can spot propaganda when you hear it. Most Americans swallow it hook, line, and sinker.

      • Rich

        Adrian, so…what can we do to prepare ourselves?

        I dont’ want to be a sheep…

        • Adrian

          Rich, I think you start by becoming informed (not saying you personally aren’t, just speaking in general terms about what everybody should do). Know that those who run the show, the elites, only think of you as an instrument to enrich themselves. If you aren’t doing that, you’re an expense. Why else do you think they’re trying to eliminate all vestiges of the safety net in this country? I don’t do this ‘prepper’ thing, but I don’t begrudge people who do. I think they realize things are going downhill and they are trying to do what they can to be ready. The problem is, collapses can be sudden, or can drag out for over a century. There’s no telling when something like an economic collapse is going to happen. Try to have some land you can go to (yours or family land), but just be aware of the gradual transition towards what is coming. Individually if things fall apart we’re all on our own, at least initially. Collectively, before this happens, we can all act together only if we’re all on the same page and understand the problem. I wonder if anybody really thinks that the government is governing in the interests of its citizens anymore. I wonder how many trust the police and other private security details, or trust them to not brutalize the people if things turned south quickly. Look at how the cops beat the protestors at Occupy, pepper sprayed women and young people in the face, all for their amusement and to be bullies. Many were jackbooted thugs. Look at how little outrage we saw from our fellow citizens after that. Many thought that was a great thing, and laughed about it. These to me are very troubling. Just question everything you hear, read multiple sources, and have a healthy skepticism for any “official” statements on things; they usually turn out to be lies or half truths.

  • seth datta

    The unemployment in the UK is under-reported due to manipulation; also, including all discouraged and part-time workers looking for full-time work, the rate is nearer 24%.

    Also, according to agro-business, the number of people in the UK (including illegals) was 75 million in 2010, which is much higher that the 63 million UK popoulation official figure.

    Too many people and not enough jobs equals serfdom for the many by default and wealth for the few. This is a game that has been played for a long time and the masses are no longer independent enough in enough numbers to be able to play it differently or break free of the game.

    I once saw a diabetic patient who didn’t take his meds have his leg hacked off because of the complications of this. This op. could have potentially killed him as well as being so expensive that a girl with cancer and a blind old lady could not have their treatment funded as his op. took all of the hospital’s cash. Question is, are you going to herd together with the others so you can be sent down together with the stupidity of groupthink, or are you going to strike it out alone and in smaller numbers?

  • jakartaman

    The slow world wide economic bleed has begun. But those who believe the total economic collapse will continue in this manner are wrong in my opinion.

    When the tipping point is reached it will happen with dramatic effect. (wide spread bank failures in Europe or japan or USA or an all out middle east war.

    I also do not subscribe to a rich man conspiracy.

    Our Governments have done this and we are complicate – The world has been living on credit for decades and not the piper is Knocking. Its payback time.
    (watch cities like Detroit – they will be the canary

    • Adrian

      “I also do not subscribe to a rich man conspiracy”
      How many rich bankers went to jail for causing the economic collapse? How many rich men were allowed to remain rich and continue to make money by transferring # 12.8 trillion in taxpayer money to the private banks? Whose incomes continue to rise, while the incomes of the middle class and working poor flounder and stagnate? The only action of the Fed has been to pour tons of money into banks and prop up the stock market, while main street sinks. Oh, I almost forgot all those war profiteers at Lockheed, Raytheon, Blackwater, etc etc etc. who have profited enormously since 9/11, while the sons and daughters of regular Americana fight, die, and come back with missing limbs and severe emotional trauma. Yeah, no rich conspiracies here. Move along, people…move along.

  • AS55423

    Nothing to see here move along now back to ” Bread and Circuses “

  • Patriot Alice

    Maybe the USA is standing alone, because we have the best Federal Reserve in the world…Horrah for Mr. Bernanke..

  • http://www.facebook.com/people/David-Webb/100001371414176 David Webb

    Picture a chess set. The first game is equal. Then you put the pieces back on the board that are left from the previous game. Only this time, the game is not equal.
    That is how wealth in this country works.
    Bill Gates is a first generation billionaire.
    The Rockefellers are not.
    The Morgans are not.
    In England, we called this unequal treatment “Royalty” and even have a house of Lords set up.
    In this country, I think they call it the Senate. How many of those representatives come from wealthy homes? How many belong to the Lawyer’s association called the Bar?
    Even the House of Commons in this country is wealthy. I refer to the House of Representatives.
    Yet this is not the end of the game. For the inherited wealthy, it is just the beginning.
    The question becomes: Who do these people really serve?
    The motivation to serve foreign powers like China and the Oil empires of the east is very strong.
    The question then becomes: What does that mean to you and I? Well, it looks like this little Congressional Club is selling everyone down the river in some form of slavery.
    The problem is there are too many secrets buried in all their houses and one day those secrets will come to public attention. When that happens there will be a plague on all of their houses.

  • r.bitting

    The economic fallout will prove to be the least of the their problems. Unless they come to the realization that they ultimately will stand before God and be judged, and that whatever sins they have committed in their lives, they have committed against God, and not against man, they will remain without hope. However, if they will but humble themselves, and confess their sin to God and repent of their sin, and return to God by trusting in Jesus Christ’s sacrificial death on the cross, which He did willingly for them so that they would have eternal life in heaven and be called sons and daughters of God. This is GOD’S ONLY PLAN of salvation. It will only happen under His conditions not ours.

    • Kim

      The problem with the whole stand before God thing is that most if not all of us think we are better human beings than we actually are. I think many who believe in judgement day will be a bit shocked to see how the things they did or did not do in life contributed to hurt and pain in someone’s life. God is just a salve for the masses to feel like all the junk that happens in life is because of some master plan and not just random humans behaving badly.

      Without the whole eternal punishment thing that many wrongly mouth off about you have nothing to really make people want salvation. Life after death or just death. I could go either way really cause this life is just too darn hard sometimes to even care what happens in the after life.

  • Bad_Mr_Frosty

    We’ve moved so far to the right in this country? Are you serious? We’re 1 step away from full blown communism. Modern Republicans would have been considered hardcore liberals just 20 years ago.

    • Gay Veteran

      that’s funny, Reagan would be considered too “liberal” for today’s GOP

    • Adrian

      Yeah, as I say all too frequently to people here: what rock have you been under? Obama has been as pro-corporate as you can get. Clinton was the same pro-free market guy who destroyed welfare for the poor. Reagan and Bush moved to the far right. Just look at policies supported by Ike and even Nixon. Both would have been considered liberals today and not allowed anywhere near the GOP. Also the fact that Wall Street, oil companies, defense companies, and the big banks are making out like bandits while main street is more at the mercy of corporations, and labor has all but been destroyed is even more evidence for my assertion. Now, why don’t you present evidence for the mass nationalization of industry to show proof of your assertion. You can’t, because you know no such thing would ever be proposed even by the most leftist Democrat today.

  • Kim

    What is the point in creating a new heaven and earth? Doesn’t this take away from the reason that people are given free will because God did not want us to worship in because we were required to but only because we wanted to?

    What would be the point of eradicating sin and choice if it is in direct opposition to what so many christians believe is the reason for evil in the world today.

    And just how much worse do things have to get before this happens? Was the concentration camps not enough? The genocide that happens every day in other countries, all the injustices and wrong doings and evil that people have been doing for generations.

    My question is when is it enough? In the US we are a privileged in the fact that we are pretty immune to things North Koreans in camps as we speak go through or the starvation happening because of government fraud or the christians who are raped and murdered by muslims in arab nations, etc.

    Everyone says it will happen in God’s time and to me that is just another things to make people dealing with horrific things just feel comforted. It is meaningless in itself as a statement.

  • cwms2005

    Think of the world as one big container ship; a ship with no dividers inside as a “World economy” i.e free trade, etc. The ship hits an iceburg and ALL the contents begin to poor out. Now think of the ship as the economies of the world were 20 years ago, full of dividers. The ship hits an iceburg and only that portion is affected. This economy is designed to fail.

  • Shmeggle Marxist

    so R’s are bad, D’s are worse and the world economy ends this year?

  • daystrom

    And when he had opened the third seal, I heard the third beast say, Come
    and see. And I beheld, and lo a black horse; and he that sat on him had
    a pair of balances in his hand.
    And I heard a voice in the midst of the four beasts say, A measure of
    wheat for a penny, and three measures of barley for a penny; and [see]
    thou hurt not the oil and the wine. Revelation 6:5-6

  • John Sunol

    we are heading for one big show down which will see the rise of the New world order

  • Despot

    What is wrong with you people? Did hollywood fried your brain? You think that doomsday is coming with fire and brimstone and that you can return to the simpler times in your little corner of world just like that.

    We are never going to have big collapse but we are going to come close to it, maybe more than once, but never across the collapse line.

    Do you really think that corporations that have spent decades and millions of dollars to create and infiltrate markets will just say we had a good run, good buy ?

    This corporation are going to merger in bigger ones and exploit economic situation by offering solution which our fries brains are going to accept, and then

    THE END

  • HERB

    God is still in control. He has allowed the under-informed of the world to put incompetent collectives in charge and they will destroy our society. It will be our punishment for ignoring His gift of monetary efficiency of silver and gold. Keynes deceived them into false economy with fiat paper as a substitute for real money.

  • commen sense

    “You cannot keep out of trouble by spending more than you earn” Abraham Lincoln

  • Satya Pal Bindra

    Too much of pessimism is not what the world needs. We need to believe in our potential to make a better world for all. Let us help ourselves by developing our inner potential. We need to be our own friends and not the enemies by doing, thinking and writing some positive actions. Let us live and let live with hope and not a dooms day scenario. Let American help have nots so that they become equal partners for win-win situation towards a better future.

  • Kim

    Yes right and wrong matter to God so much that christians in the US walk around crowing about how blessed they are because of all the good things in their lives such as health, money, a nice house. Meanwhile what is the child being beaten and starved by his parents everyday? Not blessed.

    I believe that the world did have a creator. He created us because he could. But after that this creator stepped out of the picture. Seriously how much does one God need to be worshipped and loved by his creation? Sounds a bit egotistical to me to create us just for his own edification. One that is so much better than us lowly humans would not need that kind of worship.

    • r.bitting

      Right and wrong absolutely matter to God, and who are you to say that God isn’t going to repay those who persist in evil. Additionally, not everyone that claims to be a follower of Christ, is one, so steryotyping all Christians as materialistic and self centered doesn’t fly ( that makes as much sense as me thinking all women are thieves because I saw a woman steal something ). As for God creating the universe and then stepping away: what do you base this on? It seems that you fail to understand two things 1) How much God values righteousness and hates sin. You violate God’s standard ( we all do ) but then say He is too harsh, which leads to your 2nd misconception, you have grossly underestimated God’s incredible love for you, in that God sent his only Son into theworld to give his life as a sacrifice for all who would believe on him ( Jesus ). Please read the new testament book of Romans, specifically chapters 1 thru 8.

  • cherylmeril

    Free will is in Genesis at the time man fell from grace. God gave free will to fallen man with His plan to bring those who love and obey Him back to paradise. Your views demonstrate you form beliefs based on whatever you want to believe. You don’t seek truth. If you want to ever know spiritual truth read His Word that will set you free.

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