The Beginning Of The End
The Beginning Of The End By Michael T. Snyder - Kindle Version

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19 Signs Of Very Serious Economic Trouble On The Horizon

Most Americans have no idea how much economic trouble is heading our way.  Most of them just assume that everything will eventually "return to normal" just like it always has before and that those running our economy "know what they are doing" and that we should trust them to do their jobs.  Unfortunately, these beliefs are being reinforced by the bubble of false hope that we are experiencing right now.  For example, it is being reported that weekly unemployment claims in the United States have fallen to a four-year low.  That is a very good thing.  Let us hope that unemployment claims go even lower and that the current period of stability lasts for as long as possible.  We should enjoy these last fleeing moments of tremendous prosperity for as long as we can, because when they are gone they won't be coming back.  As I noted the other day, all of this false prosperity in the United States has been financed by the 15 trillion dollar party that we have been enjoying.  We are adding about 150 million dollars to our debt every single hour so that we can continue to enjoy an inflated standard of living.  Unfortunately, nobody in the history of the world has ever been able to keep a debt spiral going indefinitely, and our debt bubble will burst eventually as well.

Sadly, when you attempt to end (or even slow down) a debt spiral the consequences can be extremely painful.  Just look at what is happening in Greece.  Several waves of austerity measures have been implemented, the Greek economy has been plunged into a full-blown depression and Greek debt is still going up.

The rest of the nations of the eurozone are also now implementing austerity measures, and most of them are also starting to fall into recession.  The economic pain in Europe is just beginning and it will go on for quite a long time.

And eventually the United States is going to join the pain.  Right now the U.S. government can still borrow trillions of dollars at super low interest rates thanks to games being played by the Federal Reserve.  But it is simply not possible for this Ponzi scheme to last too much longer.  When it ends, the pain will be extremely great.

And even in the short-term there are some extremely troubling signs for the U.S. economy.

The following are 19 signs of very serious economic trouble on the horizon....

#1 According to one new survey, approximately one-third of all Americans are not paying their bills on time at this point.

#2 The U.S. housing industry is bracing for another huge wave of foreclosures in 2012.  The following is from a recent Reuters article....

"We are right back where we were two years ago. I would put money on 2012 being a bigger year for foreclosures than 2010," said Mark Seifert, executive director of Empowering & Strengthening Ohio's People (ESOP), a counseling group with 10 offices in Ohio.

#3 The Citigroup Economic Surprise Index, a key indicator watched by many economists, is on the verge of heading into negative territory.

#4 We are supposed to be in the middle of an economic recovery in the United States, but bad news just keeps pouring in from major companies.  For example, Yahoo is firing thousands of workers and Best Buy is closing dozens of stores.

#5 Richard Russell says that the "big money" is starting to quietly exit from the financial markets....

"My guess is that this is the big money that has been holding off as long as it decently can -- and then dumping their goods just before the close. I don't think the big money likes this market, and I think they have been slowly exiting this market, as quietly as they can."

#6 Goldman Sachs is projecting that the S&P 500 will fall by about 11 percent by the end of 2012.

#7 All over the country, local governments are going into default and we have not even entered the next recession yet.

#8 The U.S. government will add more to the national debt in 2012 than it did from the time that George Washington became president to the time that Ronald Reagan became president.

#9 The Federal Reserve is desperately trying to control interest rates.  The Fed purchased approximately 61 percent of all government debt issued by the U.S. Treasury Department in 2011.  This is the only thing that is keeping interest rates in the United States from soaring dramatically.

#10 German industrial production is falling at a pace that is far faster then expected.

#11 Italy's debt-to-GDP ratio is now up to 120 percent.

#12 The Spanish government admitted on Tuesday that Spain's debt-to-GDP ratio will rise by more than 11 percent this year alone.

#13 Yields on Spanish bonds are rising to dangerous levels.

#14 The Spanish government is projecting that the unemployment rate in Spain will exceed 24 percent by the end of the year.

#15 Unemployment in the eurozone as a whole has risen for 10 months in a row and is now at a 15 year high.

#16 In the aftermath of a 77-year-old retiree killing himself in front of the Greek parliament in protest over pension cuts, the economic rioting in Greece has flared back up dramatically.

#17 At this point, Greece is experiencing an economic depression with no end in sight.  Some of the statistics coming out of Greece are really hard to believe.  For example, one port town in Greece now has an unemployment rate of approximately 60 percent.

#18 The IMF is asking the United States to contribute more money for European bailouts.

#19 At this point, even some of our top scientists are projecting economic trouble.  For example, researchers at MIT are projecting a "global economic collapse" by the year 2030 if current trends continue.

But the truth is that we will experience a "global economic collapse" long before 2030 comes rolling around.

Let us hope that we still have at least several more months of economic prosperity in the United States before things really fall apart.

The truth is that the vast majority of Americans need more time to prepare for what is coming.

Sadly, most Americans are not preparing.  Most Americans have blind faith that those in positions of power are going to fix everything and set us on the path to even greater prosperity than ever before.

Unfortunately, all Federal Reserve Chairman Ben Bernanke and Barack Obama have been doing is kicking the can down the road and making our eventual collapse much worse.

As many of us have painfully learned, you can run from debt for a while, but you can't hide from it forever.  Eventually debt catches up with you, and when it does it can be very cruel.

The 15 trillion dollar party is coming to an end, and the consequences of decades of very foolish decisions are going to fall on this generation.

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  • http://www.conservativemormonmom.blogspot.com Eva

    Absolutely. And all the while the irresponsible mainstream media and Democrats go about preaching our economic prosperity as if that will change things for the millions of Americans underwater somehow or another. They seem to think that by running straight off this steep cliff they’ll be able to keep running at the bottom.

    • Lars Olfen

      Eva…really, dear, in reality it’s democrats AND republicans…get yourself out of the left right dichotomy and wake up…..we’ve been living under a gangster government for the better part of 150 years…this is what they’ve conditioned the sheeple to believe. The two “poles” are not left vs. right but anarchy vs. tyranny which our Constitutional Republic was established to finely balance. Read The 5,000 Year Leap.

    • JStevens

      Eva, share the blame. Republicans are no poster children for responsible acts either. Both sides contributed to the mess we are about to fall very deep into.

  • Erin

    From the stuff I’ve been reading, I’m really uneasy about the state our country, and the world, is coming to.

    Aside from the economic trouble we’re all in, laws concerning what is ok to view on the internet, the U.S.’s policy concerning other nations, and a new bill that I just heard about today that is under consideration about not letting U.S. citizens travel if they owe more than 50K in back taxes.

    I’ve got a really bad feeling in the pit of my stomach and I find myself wishing this was just some weird nightmare I’m having.

    And even scarier, is when I turn on “mainstream media”, thinking surely there must be some whisper of this on the 6 o’clock news, there isn’t, which scares me even more.

    • Ameen

      “I’ve got a really bad feeling in the pit of my stomach and I find myself wishing this was just some weird nightmare I’m having.”

      SPOT ON!!

    • Jodi

      Don’t count on the mainstream media doing their job. They will continue to tell shameful lies about the true state of the economy and many will still believe their lies. I watch the news once in a while and start screaming at my TV. The media frightens me!

    • simon salosny

      Have been commenting on this unstoppable race towards the huge, and already initiated, Depression; but most dangerous is what the Congress has allowed Obama to acquire; powers that no previous US President has ever had. What is most terryfiying, is that the media hasn´t duly informed the Americans about this and, lately,not even the fact of Obama´s lawyer confessing, IN COURT, that his Birth Certificate is FORGED. Obama also has been impeached by the Congress, which accused him of High Crime, and this has not been mentioned by the media either; nor by any of the GOP candidates in the presidential elections race. NHow doea anyb ody explain this fact? Just one answer; the GOP and the Dems have made a deal, in view of the huge Financial Problems and possib le violent reaction by the majoprity of American Citizen. So, they have preapred a series of legal instance, which will establish a Dictatorship.

  • Gay Veteran

    #19 At this point, even some of our top scientists are projecting economic trouble. For example, researchers at MIT are projecting a “global economic collapse” by the year 2030 if current trends continue.

    Because the world is overpopulated and we are destorying the environment.

    #16 In the aftermath of a 77-year-old retiree killing himself in front of the Greek parliament in protest over pension cuts, the economic rioting in Greece has flared back up dramatically.

    What did he write? “… I believe that young people with no future, will one day take up arms and hang the traitors of this country at Syntagma square, just like the Italians did to Mussolini in 1945″ the note said….”
    http://market-ticker.org/akcs-www?post=204336

    Traitors because they obey the banksters, not the people.

    Karl Denninger is right:

    “Our government is a pack of fools.

    They, like the Greeks, had the opportunity to take banksters and arrest them for their crimes, giving them a fair and public trial and then imprisoning them.

    Instead they fell into league with them, engaging in hinky derivative deals and other scams, effectively being their co-conspirators…

    History says that those who believe that the incessant screwing of the American people, or of any people, will be tolerated forever are wrong. Old men like this one will choose to take their own lives rather than scrape on the ground like dogs seeking a tiny scrap of food. But eventually, one of those old men will have a young son, and he will judge the injustices that he sees to be intolerable and that there is no longer recourse before the law. He will see the death of his father as a reason to take other lives — the lives of those who he judges to be responsible. The spark of his father will fall on dry tinder and catch fire….”

    • http://infowars.com cletus van damme

      You are right, the world is overpopulated. The wrong people are having kids. You notice the typical welfare recipient has a like 3-10 kids, while intelligent, educated, and sensible people choose not to reproduce or only have 1 or 2 kids. We are being bred out of existence by lower IQ simpletons who bring nothing to the table during their existence. But then again, they are all going to the fema camps when welfare runs out and ww3 starts.

    • simon salosny

      Veteran. Don´t think for a moment that the “old guys” in the US, with military experience, will take what is coming, lying down or bowing their heads. I have witnessed too many occasions where people prefer “taking with them” any number of guys like Obama and his crowd; because they do not mind losing their lives for a cause. They will welcome it. and such fighters who aren´t afraid of death, are good to be at one´s side.

  • Ranger

    Go and read blogs on various economic sites like zerohedge in late February and early March of 2009. Read Survivalblog archives at that same time. You’d swear the world was collapsing then, and i”IT” was all over but the crying. The markets turned around on March 9 and began a long, sustained, bull run. Most of the losses have been recovered in those investments if one stayed in. Now we hear the similar comments about economic calamity just around the corner. Celente is often cited. He was wrong last December, and he was wrong in the 4th quarter of 2010. Some people aren’t happy unless they are miserable as they await the next calamity.

    • Rain23

      Here we still have people sleeping under overpasses and breaking into abandoned buildings rather than sleep in their cars when it’s below freezing. Where is this slow upturn we’re hearing about?

      There are 2 groups in America right now: Those for whom it still matters what the stock market is doing, and those who only care if their warm coat is going to make it another year because unless jobs pick up there sure as heck won’t be a new one.

      We have good and sufficient economic calamity all around us. Our family worked hard, all had good jobs, and could all afford a decent apartment, a little entertainment like movies or dinner out once a month, new clothes when the old ones wore out. Now we budget who gets new shoes and who makes due with the ones from 2 years ago just a bit longer. We eat more rice and beans than anything else. We debate whether someone is sick enough to take a bus round trip to the doctor or if we can walk one way to save $2.

      The world did fall apart in 2008 for some of us, and it hasn’t shown any signs of gluing itself back together any time soon. Those jobs have gone overseas and taken 50% of our standard of living with them. Bull market? Bull **** as far as we’re concerned.

      • Gary2

        Good points! No one I know well gives a rip about the stock market. If they had any 401k/403B (i had 403B) they were cashed in years ago to pay living expenses like eating and living indoors.

        And Yet fools like Paul Ryan are still catering to the rich and low information dolts vote for him.

    • Malcolm Reynolds

      Good luck and God bless. You’re gonna need it because it’s too late for you.

    • Lars Olfen

      Ranger “the markets turned around” because the Fed rolled the presses…..the point is, fiat money can not be printed and an economy it (fiat money) can not sustain indefinitely. The acceptance of the USD as the worlds’ reserve currency and the “petro dollar” are both collapsing. Wake up, we’re living through the economic collapse.

      • simon salosny

        All of you guys (each day more) what is a confessed Illegal Alien doing in the White House?
        The banking and Leftist owners of the media are keeping the Americans dis informed about Obama having admitted the FORGERY of his Birth Certificate and the ongoing crisis,, because there obviously doesn´t exist ONE JUDGE who is not with Obama´s crowd. They aren´t imagining what is going to happen to them when Food, Water & Ammo becomes a reality. But the saddest part of this is that not only they are going to suffer.

    • Michael V

      It’s not a matter of if, it’s only a matter of when. Be like the ant and prepare, be not like the grasshopper who plays and never prepares. No one knows how “violent” or how “soft” this landing is going to take place. The only thing that is certain is that all of this debt load across the world is not sustainable. There is not enough money to pay it all off (by design)(When money is printed it is loaned to the government at an interest rate. The money for this is never printed, thus debt can never be fully paid back).

    • Brandon

      You are an idiot if you think the Dow Jones is any measure of reality anymore you are then also a fool. Its called inflation stupid and the Bernank is trying like a madman to create it. Only he doesn’t want to take credit for it in other areas as well like food and fuel prices. The ONLY reason you see this fake recovery is because central banks are printing to the moon in a last ditch effort to make everything appear ok to the masses. They are also keeping interest rates way artificially low, which can not last forever. If we have a REAL recovery interest rates will spike up and send us back to oblivion. There is no way out of this Mexican standoff there will be no winner in the end. You haven’t seen nothing yet and obviously will be dumbfounded when the collapse finally takes place. I pray for your family.

    • Bone Idle

      Collapse will be prevented as long as “can kicking” by central banks and other world financial agencies are not restrained.

      It will take some “Black Swan event” to initiate the crash. Or an uprising or assassinations in the club med countries.

      Other events on the cards include a major earthquake around Tokyo or the collapse of the containment pond at Fukashima No.4

      The suicide of that pensioner in Greece yesterday maybe a turning point there.
      Greece’s final ultimatum as to defaulting on it’s debts were supposed to be the 23rd of march. This was pushed back to the 4th of April. This has been pushed back again until the 20th of April.

      Ben Bernake is on record as saying that the current economic situation is extremely volatile. One of the reasons for not yet proceeding with QE3 is that he thinks it will not help the situation from deteriorating seriously.

      We are on the Titanic after it has struck the iceberg. To quote some lines from the movie.
      “This ship can’t sink”
      “Yes it can…and will…it’s a mathematical certainty”

    • Metzen

      They “markets” are only being fueled by crack in the form of money printing and bail outs. DOW 13000 means absolutely nothing. Look at the DOW in ounces of gold to see its true value. The DOW was as high as 44 ounces of gold, and now it’s at 8. Nice recovery! I predict it will get down to 2 or 3 (many predict 1) before this is over. The DOW (priced in dollars) mean absolutely nothing when the actual value of what a dollar will buy is going down the toilet, and the “official” inflation numbers are a load of steaming crap.

    • Laura

      Ranger,
      You do have a point that people like Celente appear overly alarmist. However, you miss a few things.

      2008 was terrible for a huge segment of the population, sending us to real unemployment that was MORE than was seen in the Great Depression. The Government managed to apply a few bandaids to prevent economic collapse, and we’ve seen a few jobs added here and there.

      The problem is that NOTHING has changed fundamentally in the way that we conduct our business in the US. We continue to live off of credit. We continue to face daunting medical bills (I, for example, received a $36,000 bill for a 2-day hospital bill, despite costly insurance!) We still don’t make anything. We still bleed jobs overseas. We still import more than we export, even food.

      So, while Celente et al may not get the day right, the point is valid that the government can only keep the bandaid from splitting for so long.

      Another thing is that other countries are doing just as badly as we are. I suspect that is also why we haven’t collapsed already.

      On a slightly different note, the hostility and paranoia that I see here in the US is like no time in my life. For the first time in my life, do I have to feel out a person’s political or Religious beliefs to be able to make the slightest of remarks.
      We are more Nazi-like than Nazi Germany. And having lived in Germany for a major part of my life, I can say that with certainty.

    • Geo

      Yes, you’re right. But you’re missing the point. It hasn’t happened yet, BECAUSE the government and the banksters keep kicking the can down the road. It could take another 50 years before total collapse. You can’t be that ignorant to simple math, can you?
      Eventually, debt has to be paid. The only other option is complete default. A reset. Do you know the consequences of that? I guess you don’t by
      your very simplistic reply sir.

    • Nexus789

      It may be true that the world has not collapsed – yet. The issue is when and this is hard to predict.

      There is no doubt that the underlying financial system is totally broken and the debt driven consumer model will not be coming back.

      The issues with the global financial system have not been addressed with over $600Trillion worth of useless derivatives. The majority of which are held by 5 US banks. There will be a systemic collapse at some point as our glorious leaders have not addressed the issues (too probably filling their pockets) and the bankers are carrying as they did before.

      The stock market is disconnected from the real world and has been ‘pumped up’ to create the illusion that all is well.

      The system has not collapsed yet because they keep kicking the can down the road.

      The the austerity nuts will gain the upper hand and there will be a phase in the US where they will slash and burn public services and all the evidence – economic and historical suggest that thus will collapse the economy and Greece and Europe is merely a foretaste of what could happen in the US.

      So while the system trundles along…get up, be happy.

    • Gay Veteran

      Ranger, the Federal Reserve is manipulating the stock markets

    • Fusah

      You did notice the name of this blog, no?

    • Rebel

      That’s because of FRAUD you idiot!! When the “Federal” Reserve creates worthless “money” out of thin air and then gives it to the gov’t-owned financial institutions, tells them to buy stocks…………the markets “miraculously” go UP!! Gee, go figure! Meanwhile, the nation is in a death-spiral because of the criminal zero interest-rates. Ever wonder why the market will be way down all day and then SUDDENLY, in the last 30 minutes of trading, they all of the sudden go up??? It’s the “Federal” Reserve ordering their bankster friends to BUY, BUY, BUY!! Open your eyes and THINK for once! Quit listening to the Lame Stream Media that is gov’t owned (by proxies) that spouts the gov’t propaganda!

  • MisterD

    You know, one can only hope for the best, but the obvious facts just say otherwise. It may be closer than we think. I’m honestly scared of what is to come. I am just an engineering student at college wondering if there will be anything left when I get out… that is if I ever do. I’m doing all that I can to ready myself when everything falls apart, but as we all know, most people think that those who are prepping are crazy. My ideas about being ready for something of this magnitude are not really supported by many. Hopefully it won’t come crashing down within the next few months but who knows.

    • Orange Jean

      Depending on the type of engineering you’re studying I’d say fear not! There are a lot of applications to prepping that engineers are able to figure out (albeit a lot of them are civil engineering).

      For example, if TSHTF and our road infrastructure were to fall apart – who might be better at figuring out how to construct a new bridge over some river, but an engineer? Who might have the practical knowledge needed to figure out how to safely build a small dam, so one’s land won’t flood during storms? etc., etc.

    • DownWithLibs

      We all hope we are wrong, however, when you prep you are insuring you and yours against a wide variety of trouble. At the end of the day we are all responsible to take care of ourselves. Those that poo poo us for taking just that step are very selfish (assuming they have the means to prepare). For they will be dependent on others in an already-strained moment.

      Good for you for being proactive and keep up the good work. It really does help you to sleep better at night. ;-)

  • Cinderella Man

    Ive almost given up that there would be a market crash this year! Looks like my prediction of the DOW topping out above 13000 is correct. Its soon to fall and I cant wait. I get sick to my stomach to think that these Wall Street power brokers and Fed Reserve bastards could keep the market going up all on their own. Lord knows its isnt the actual economy doing it. How long before the real effects of gas prices gonna sink in? This being an election year and all I know they have to fudge the numbers so the Democrap can get back in but come on this is crazy! Get real I can barely make it and Im 10 times better off than I was last year! Im definetley one of the 1/3 that cant pay their bills one time I feel truly blessed with an awesome landlady that is just grateful to have someone with a job renting her house. The sad thing about the illusion of a happy stable life is just that: an illusion. :(

    • Nexus789

      They should be able to continue for a while more as trillions of dollars have been created to fund speculation rather than be used to help main street – all the banks are doing is using the ‘money’ to speculate via the stock exchange and via international financial markets.

  • Deklan

    Michael,
    Your statement of “Sadly, most Americans are not preparing” is true…They refuse to weigh the evidence of which you abundantly present.

    My local paper provides blog comments. Many, if not most, of the articles which are commented on, deal with issues such as “pink slime,” “raising taxes for the schools,” with calls of “more stimulus funding is needed.”

    If anyone mentions cutting back on federal, state, and local spending, the person is maligned as a doom and gloomer, or you don’t care about the kids, etc.

    They can’t see they’re passing today’s spending onto the children.

    What I’m trying to say, your website is appreciated by one whose eyes are wide open.

    Thank you!

    • Michael

      Deklan:

      I am glad that people like you appreciate all the hard work that I put into the site. :)

      Michael

      • DAS

        Michael, I for one REALLY appreciate the work you put in! If more people cared about there jobs like you do, maybe we wouldnt be in this mess!!!!!!!!!

        • Michael

          DAS:

          Thank you for the very kind words. I will be back to putting up articles starting tomorrow and hopefully we can wake up as many people as we can during the months ahead.

          Michael

  • mike

    is all this reporting correct? where i live it doesent seem all that bad. i know our economy is not sustainable, but our gdp is lower than it has been in the past

    • ian

      i agree. The more i keep reading sites like this one, the less i see of any struggle. I just dont see any suffering or poverty just yet. None. Even those who are complaining they are broke live in nice apartments, and every single person i know has a job. No one is unemployed that i know of? Am i living in a bubble?

      very confused with what to believe anymore.

      I want to start prepping, but the sensible side of me tells me not to buy into fear.

    • Laura

      Peel it back a little, even in your area that is supposedly just fine.
      Look at the people around you who are in $500k homes without a salary to match. They are likely living month to month, just like many in a $90k home, or renting.
      Now take a drive, say, about 30 minutes from your idealistic cove. Take a road you normally skip. What do you see? My guess is you will see shacks, pawn shops, and cash for gold stores.
      You are living in a little insular cove, far from the reality of most Americans.

      • ian

        I live in Denver. Not exactly the most wealthy area and yet i have had 4 job offers in the last 3 weeks and i even had to turn down a job.

    • DAS

      Mike, I too live in a an area where things seem to be just fine. People have jobs, stores are packed, people are happy. I often think the same, is this all just B.S. and scare tactics. Well I say no. I do think we (America) is in a heap of trouble. At 15 trillon dollars in the hole, America still goes on like nothing is wrong. At some point (no one really knows the breaking point) this bubble will break if spending is not capped. Sure this could turn around, but all signs point to… well lets just say it doesent look good.

      • mondobeyondo

        The majority of people keep taking the bait, and keep moving forward towards the trap…

    • mondobeyondo

      You don’t happen to live in Beverly Hills, California do you? Hehehehee.

  • Gary2

    Here’s the thing with the austerity crap–the people who caused the mess in the first place–basicly the 1% are not the ones suffering. Its middle class and lower who are paying for the 1% party. 93% of all gains in wealth and income went to the top 1%. THAT is not sustainable.

    I sure did not have seat at the table during the good times so I sure as hell will not be happy paying for the 1%’s party during the bad times. This is why we have OWS/99%.

    Who would not be angered by this???

    • Gary2

      ps–93% of wealth and gains in income from 2010 went to the 1%. I hit submit before I caught that.

    • davidmpark

      Okay, we need your definition of 1%, 99%, wealth, wealthy, money, income, and redistribution.

      I already know it, but for the sakes of most folks here that have different definitions for these words; elaborate and define, please.

      • Gary2

        take from the rich and give to the poor. a millionaires surtax would be good.

    • Kevin2

      Gary2

      As a society collapses it becomes a winner take all grab of wealth and power.

      This situation is global effecting the socialized nations of Europe too. The reality is “self government” as we were told existed is an illusion. The citizens of all of these countries (us well included) had zero choice regarding the direction their respective countries were going in. If they voted Labor or Conservative, Democrat or Republican they were getting Free Trade and industrial evisceration and with it a series of events leading up to where we presently are.

    • McKinley Morganfield

      Yes, theTBTF banksters have committed fraud but the rule of law does not apply to them for the politicians provide them with cover. At most they get a relatively small fine and continue with their shady dealings. However, in a depression or a recession, everyone suffers except the super rich who can move their assets to a safe harbor.

      OWS has done some good, as has the tea party. Its going to be ‘interesting’ when the black swan arrives.

    • Rebel

      The 1% with all of OUR wealth is the criminal GOVERNMENT…….you dipstick!!! WHEN do THEY EVER GET A PAY-CUT, huh??????????

      • Gary2

        I heard jamie douche bag diamond complaining about dodd frank and how it limits jp morgan. Guess what–he can simply give up his banking license ie government backing and then he can trade any way he likes. Why can not the fool reporters call this scumbag on this??

        GIVE UP YOUR BANKING LICENSE IF YOU DO NOT WANT REGULATION.

  • SMASH THE CONTROL MACHINE

    YOU CAN CONTROL THE WEATHER JUST HAVE FAITH????Elijah was a human being like us, and he prayed earnestly that it would not rain and there was no rain on the land for three years and six months!Behold, AND THEN JESUS OUR MASTER INSTRUCTED !!!I give unto you power to tread on serpents and scorpions, and over all the power of the enemy: and nothing shall by any means hurt you. 20Notwithstanding in this rejoice not, that the spirits are subject unto you; but rather rejoice, because your names are written in heaven.

    21In that hour Jesus rejoiced in spirit, and said, I thank thee, O Father, Lord of heaven and earth, that thou hast hid these things from the wise and prudent, and hast revealed them unto babes: even so, Father; for so it seemed good in thy sight. 22All things are delivered to me of my Father: and no man knoweth who the Son is, but the Father; and who the Father is, but the Son, and he to whom the Son will reveal him.MAYBE IT JUST ISN’T REVEALED TO YOU?????????????

  • Jodi

    I thought unemployment was going down because people have exhausted all their benefits. I don’t think the people who have exhausted all their benefits get counted. I believe the Obama administration is going to rig the numbers to make him look good and they will congratulate themselves for saving the economy. The media will be all over this and they will be gushing and glowing. No president has ever been reelected if the employment rate is over 7%.

    • Michael V

      You’re correct Jodi. Once you exhaust your unemployment, are no longer looking for work, or you find a job, you are no longer counted.

    • McKinley Morganfield

      People who have lost benefits, including those who have given up on finding a job, are invisible to the BLS bean counters; as are those seeking jobs age 65 and older who are deemed “no longer in the job market” because they are eligible for SS. The population keeps growing, more and more people come into the job market (age 18) every day and the BLS keeps issuing inherently flawed statistics. Its all down the rabbit hole.

    • DownWithLibs

      You can bet your bottom dollar that the numbers are rigged. Most people I talk to don’t find it too hard to believe that the real number could be around 15%. I would guess that if Obama lost the election, then the real number will come out and, of course, be blamed on the newcomer. That is the Liberal MSM m.o.!

      • Gary2

        I totally agree that the numbers are rigged.

      • Gary2

        PS–its my understanding and I could be wrong on this but the EU countries measure their UE and report much more accurate numbers such that the UE in Spain may be 20% but it really is 20% not the reported 8.2% here bit everyone knows it is really 15% or higher.

        If I am wrong about the EU UE numbers being accurate let me know.

      • Jodi

        DownWithLibs: I believe you’re right! You bet your bottom the next guy will get blamed for everything. The MSM will ridicule and bash the next guy for the next four years he is in office.

    • http://TheEconomicCollapse Chip

      I think the Gov’t is controlling the data to make the present administration look good. I just wonder about the Fed Reserve buying 61% of the debt, does that mean they are printing up money for that purchase, just wondering how that works. All I really know for sure it will be a mess when whatever is going to happen, happens. It could come tomorrow. I have the ability to grow food and have a lot of food stored up.

    • Nexus789

      They are as people fall off a cliff. It makes you wonder how people are/or will survive.

  • Steve

    Hi Michael

    You might be aware that Egan Jones has cut its credit rating on the U.S. government to “AA” from “AA+” with a negative watch, citing a lack of progress in cutting the mounting federal debt.

    While they may be a small credit agency, their assessment shouldn’t be dismissed.

    http://www.cnbc.com/id/46970602

    Cheers
    Steve (from Oz)

    • Michael

      Yes, I saw that after I finished the article.

      Another sign that faith in U.S. government debt is faltering.

      Michael

      • Steve

        Cheers and great article by the way! As with many of them!

        • Michael

          Thank you Steve :)

          Michael

  • godsofold

    Michael, here’s another great indicator you might include.

    http://www.knowthelies.com/node/7234

    • Michael

      Yes indeed.

      I had mentioned that in an article a while back but I should have made a bigger deal about it.

      Michael

      • Nexus789

        You should have a read of M.K.Hubbert’s paper.

        http://www.uvm.edu/~gflomenh/CDAE170/2003/Hubbert-growth.PDF

        Many have tried to debunk Hubbert’s analysis but it is very sound. Hubbert warned a US Congressional committee that we should ‘change the system’ and use technology and innovation to create sustainability. Of course no one listened.

        The problem with humans is that we do not live very long so our actions now are someone else’s problem and many of us don’t care. Imagine if we lived 200, 300+ years our perspective would be totally different.

  • Imaplaneiac

    Tonight, it was reported by Fox News that JC Penney is axing 600 management staff at its’ Texas headquarters. While this may be attributed to the company’s ” tranformation plan ” the plan itself is necessary due to the faltering economy.

    • Michael

      I had not heard about that yet.

      Another bad sign.

      Michael

      • Nexus789

        Pretty sound research. The Earth is a finite system and population has already overshot based on accelerated resource extraction. If you want a good read download M.K.Hubbert’s paper. We are indeed transient. Lucky we are living now.

        http://www.uvm.edu/~gflomenh/CDAE170/2003/Hubbert-growth.PDF

      • Old German

        Dear Michael,

        As always, great post. I am a frequent reader on your posts.

        In Germany the prepper movement is extremely small – most people think things will go on just fine and trust the government to handle the crisis alright.

        On the other side more and more people start to get unsettled about what’s going on, but most have nothing on their radar screens about what is going to come.

        People are buying real estate as if there is no tomorrow, we are in a sort of bubble the first time since the re-unification. Mostly people talk about the next big vacation, the new car purchase or new furniture and electronic gadgets.

        Among the youngsters there are mostly sheeples – it only looks better in the small towns or villages where people are more down to earth and more able to prepare for bad times. As well they have in general more resources in terms of money and supplies then the city folks who more and more live paycheck to paycheck.

        It is sickening to see how otherwise smart and capable people refuse to accept what we are heading towards.

        I have nearly given up to tell people about prepping as they look at you as if you are kind of mad. As well they easy put you in the Nazi corner if you question the current Fiat money system.

        I am not at all positive what is going on, on the other side I am nearly sure that they will be able to keep this nonsense going for another couple of years.

        Anyway, I use the remaining time to prepare for the worst, while trying to enjoy my live nevertheless as good as I can.

        Keep up – cheers.

        • Michael

          Old German:

          It is great to hear the perspective of someone living in Germany. I hope that you will comment more often. :)

          I think that the decisions that Germany makes over the coming months are going to be absolutely critical to how things in Europe play out. Germany is definitely going to be one of the key nations to watch during this time frame.

          And hopefully we can get more people all over the world to prepare for what is coming, because it is going to be horrible when the global financial system falls to pieces.

          Michael

    • mondobeyondo

      Chalk that one up along with Sears/K-Mart closing stores, and Yahoo laying off over 2,000 employees…

  • http://EconomicCollapse Already Gone

    no.19 These people cannot be serious!

  • mike

    its very clear that all the big wigs in charge only care about right now and storing up their fortunes. blessed is he who stores up treasures in heaven!

  • mondobeyondo

    Just finished watching “ABC World News Tonight”, with the ever-chirpy Diane Sawyer. Tonight, Miss Diane’s lead story was about the lowest number of unemployment claims since 2008. Oh, goody! Hopefully they’re right about this. I’m redoubling my efforts on getting a job now. Hopefully, this time I will be successful…

    Enjoy/take advantage of this brief time being in the eye of the economic storm. Save. Prepare. Pray. Because economic Katrina is far, far from over. The “back side” of the storm is not going to be pleasant.

  • John Rambo

    Hi Michael, I had a question to ask-

    I see the insanely high costs of living in America. I checked an apartment price, and it costs like 2,000 dollars a month to rent.

    My question is this- how the ******* can anyone afford ANYTHING anymore? I mean, the economy is collapsing, and yet prices are INCREASING? Is this not total madness?

    So that is my question- how is it possible to even survive in modern day America?

    It just doesn’t make any sense at all.

    • Michael

      John:

      Well, apartments only cost that much in the major cities, but yes millions of families are having a really hard time making it these days.

      I should do another article about this soon.

      Michael

  • mondobeyondo

    I’m not sure if the American people are prepared for what’s about to happen. We’re too spoiled – too rich and too pampered, for too long. We’re three generations removed from true suffering (the Great Depression). Sadly, a lot of people aren’t going to be able to take it.

  • Klean

    For example you just said, I had mentioned that in an article a while back but I should have made a bigger deal about it.

    Michael

  • Klean

    Do you want the collapse to happen or are you just sort of loosely anticipating it from the current state of affairs? Nobody knows what to do here man and you keep acting like it’s one “living” person’s fault or something. This is simply a natural progression from what’s been happening over the last few centuries and throughout human history. Any properly educated or even mildly educated person should be able to see that. Yet, nobody is doing anything about it as long as the evils are all still in place for everyone. Get off the norms, and go try something fulfilling.

  • mike

    why did i get a stupid face?

    • Michael

      The default avatars are assigned at random by the software running this site.

      If you would like to get a different one, you can get a “gravatar” (like some of the commenters have) for free by visiting this site….

      http://en.gravatar.com/

      Michael

  • Another Richard

    The USA, EURO Land and Japan have huge HUGE and Completely Unpayable DEBT. The gig is kept going by our Federal Reserve pumping Trillions of dollars into zombie insolvent Banks in Europe and the US. Later this year IT will Crack and the Derivatives Market will start to crash and bring down the Euro and the Dollar and the stock markets and bond markets. It will happen by the End Of 2012. The Powerz that be who run this Global Financial System have ordained it. Purchase yourself some pre-65 Silver dimes, quarters and halves and some Silver Eagles as many as you can. They will preserve your purchasing power when the $ crashes. In 1964 I could buy a gallon of gas for 25 cents or a quarter. Today that 90% Silver 1964 quarter will buy me a gallon of gas and give back two fiat dollar bills in change.

  • Concerned Citizen

    I would be very cautious about concluding that because unemployment levels go down according to the official figures, the economy must be on the track to betterment. First, you have to take into account that only those people are officially counted as unemployed who are actively seeking a job; the ones who have given up or didn’t bother looking are not counted – but I guess most readers here know that. Second, you don’t know what kinds of jobs contributed to the employment gain: High-paying and quality jobs, or low-paying so-called”service” jobs? My biggest criticism on the published job numbers is that they never use the product of number of jobs created and their average salary. Instead, only the absolute number of jobs is reported, which can lead to misleading interpretations. Think of this: If you were to measure the annual economic performance of the United States, economists would laugh at you if you proposed to measure solely the amount of goods produced. They would laugh for a good reason, because the value of the produced goods is not incorporated. Using a product of the number of jobs created AND THEIR VALUE (=salary) would also provide a measure for their quality, yet I see no economist proposing this measurement.
    Also, we don’t know whether those jobs are full time or part time on a short contract. Any figures on job gains are of low relevance as long as they do not come with an indicator of the quality of jobs. But maybe such indicators are deliberately ignored, because they would paint a much less rosy picture?

  • Gary2

    Right wing christians are the biggest hypocrites in this country. You concentrate on abortion and birth control, which did not even exist during Jesus’s time, and completely ignore jesus’s teachings about helping the poor. There are actual words of Jesus in the bible about how to treat the poor and yet right wing christians fully ignore that and support people like walker and Paul Ryan who want to cut programs like medicare and medicaid.

    From a comment on js online. Pretty well sums it up.

    • mark

      Gary2, you do not seem to understand the difference between charity and forced taxes. Taxes are not charity. Charity comes from the heart and taxes come from the threat of prison. Jesus did not expect the Romans to use their tax money for charity. He expected his followers to donate to the poor after they had paid their taxes to the Romans. Quit trying to turn government socialism into religion.

  • Zombalypse

    The lame-stream media has been saying the same
    thing for the last month, “unemployment claims at
    4-year lows”, yet (as pointed out by ZeroHedge
    today) the April 5th week report was 357,000,
    which is HIGHER than the March 15th number
    (351,000, 4 weeks ago)!.

    So, claims are actually INCREASING, yet everyone
    is being led to believe they are Decreasing:

    This is pure evidence of the Uncle Sham trying to
    pull the wool over our eyes. Stay thirty!

    Michael: Congrats, saw your interview on RT!
    I’ve been reading your blog since back when you
    only had 2 or three comments….you’ve come a
    long way, and we all know.

    • Michael

      Yes, it is amazing how this website has struck such a chord with people out there.

      Michael

  • http://yahoo.com richard swank

    #19 I THOUGHT THE PEOPLE THAT WENT TO M.I.T. WERE SMART?

  • Colin

    Two days ago, the GAO reported that if Obamacare is not implemented the national debt will increase. This is because of the rising costs of health care. Considering that our Supreme Court is as polarized as the rest of the nation, I do believe that Obamacare will be overturned in June by a 5-to-4 vote.

    http://www.huffingtonpost.com/2012/04/03/gao-obamacare-national-debt_n_1399895.html

  • Andrew Bulles

    I deal in used books at my book shop in Simi Valley, California… today, I had three customers… all were people who needed to sell their books to me to raise some cash. Each was out of work. One lady told me her husband has been looking for work for a solid 15 months without even a call back and he’s a civil engineer with a 22 year career since college. Even our post office is laying off. This past week, our local Hometown Buffet closed its doors after 16 years in business here… the location was losing about $20,000 per month. I’ll miss Hometown Buffet… loved going there for breakfast on Sundays. Since the gas price crossed $3.75 per gallon, the sales at my shop have dwindled… I’m running about 30% off last years sales pace in the first three months of 2012. It really sucks!

    • nowwthen

      Blame the greedy food wasters who think they have to leave a full plate of uneaten food to feel like they got their money’s worth. Ask anyone who ever worked there about these customers.

  • davidmpark

    “Sadly, most Americans are not preparing. Most Americans have blind faith that those in positions of power are going to fix everything and set us on the path to even greater prosperity than ever before.”

    It’s worse than this. Many have a belief that someone will save them. It’s a Lois Lane/Superman mentality: they believe that when they get in trouble, someone will come to their rescue and put everything right.

    Problem is; there is no Superman.

    That’s what most folks I know refuse to acknowledge: their lives and all things associated with it is entirely in their hands.

    Here’s a good example: a man stands on the roof of a building during a flood; a police car comes while the waters are a few inches deep and the officer shouts to get out and head for the hills, man says, “No, I believe God will save me. Flood waters rise and some neighbors in a boat come near and say jump in, we’ll get you out; man says the same thing, “No, God will save me.” Flood waters encroach the roof, and a National Guard helicopter comes near and the pilot says grab the basket, we’ll get you out; but the man repeats the same thing. Eventually he drowns. At his judgement before God he complains, “I had faith in you, why did you not save me?!” God says, “What are you talking about?! I sent a cop, some neighbors, and helicopter! And you just stood there!”

    God gave us a lot; and right now folks keep up with ‘eat, drink, spend, and be ignorant, for tomorrow Superman or God will save us.’

  • Paranoid

    One gain; how long since you heard about any green shoots?

  • Ken

    I wish it was not so, but it does not take a rocket scientist to see what lies ahead for us. If we continue the path we are on, there is no escaping it, the debt bubble will pop. When it does, it will not be pretty. The only thing we do not know is when this will happen.

  • tappedops

    Noone shops at jc penny… everyones buying new cars… houses are a dime a dozen…the good-ol days are back… thanks helo-ben…

    • mondobeyondo

      No one shops at Sears anymore, either.

      What do JC Penney and Sears have in common?
      Both of them are over 100 years old.

      Something is seriously wrong – either with the economy, or with these retailers’ management. Both retailers made it through the Great Depression, so I’m betting it’s their incompetent management.

  • Airborne 71

    Sadly , you can lead a horse to water but you can’t make it drink ! The sheeple , have “itching ears ” for any positive news on the economy but with all the warnings that have been given they still refuse to hear the truth . Go on out and buy-buy-buy ! is the mantra they chant , well good luck to them , as for me , I will continue to get ready for the worst that is to come .

  • Nick

    In the year twenty twenty-five…

    http://www.youtube.com/watch?v=1FgSmdfRUus

  • http://wfoster2011.wordpress.com/ William G. Foster

    Really awesome work. Outstanding commentary, articles and subjects. This is something that every person on the planet should know. So many have no idea of the coming chaos. Great job and keep up the superb work.
    With Highest Regards,
    Bill Foster
    aka: The Master of Disaster

  • Douglas

    If it wasn’t for this site I wouldn’t be aware of many issues threatening the sustainability of the world economy. Thanks for this Michael. However many readers here seem bent on pointing the finger at Democrats or Republicans. The problem doesn’t lay here. It’s greed and the need for more and more. The premise of economic growth the basis for Capitalism cannot be sustained without corruption. Our banks are good example of the extreme in this country. Thanks to Michael I am now aware of this.

    • Michael

      Douglas:

      Thank you for the encouraging words. Sometimes it is really sad to step back and see the big picture and see how much trouble we are really in.

      Michael

  • JustanOguy

    Personally… I fall into the category of people that think a collapse of the current “system” would end up being more beneficial for the majority in the long run.

    Everybody needs a long term supply of food stashed away… and it’s really not that hard to accomplish. The more people that have a years supply of food handy, the much easier it will be to move forward. Geez… a hundred pounds of Rice as a minimum is not that expensive. Date night for many.

    To think that if the big banksters collapse and it’s all of a sudden Armageddon is foolish thinking.. it’s just going to be a re-set of the “system”. Several societies have gone through this in the past… nothing new.

    No big deal… as long as there are plenty of people that have plenty of food and water on hand… Personally… I see a lot of people getting ready due to good information such as what Michael posts and from other sites to help people get prepared. Can more people get prepared as the Ponzi scheme continues to buy more time? Absolutely… and everybody should do their part on helping out.

    We have ranches and farms… we are going to grow and trade for what we need… Ironically… it will probably be cheaper for people to buy from us direct then the current system where we have to pass all of the costs on to the consumer and a thousand middle men add their costs so they can make the big bucks.

    Trust me… out of the $12+ you are paying for that T-Bone… we only get about $1.00 and we are the ones actually doing all of the work to make it happen.

    We are stored up… many farmers and ranchers are and we’ll grow more food for those that are good. For those that are not… well… we are also stored up on things to take care of the bad.

    Regardless… people need to be reminded that this country is the richest in resources of any country out there.

    The cancer eating everything away is Wall St. and Washington D.C….

    People who don’t produce anything and make FAR more then the working people.

    By the way everybody…. go out and buy all of the food you can right now. Prices will be going up another 15% by the end of the year and we (farmers and ranchers) have no control over this.

    In other words…. if you want to invest right now… Invest in food for what I guarantee will be a minimum 15% return on your money by the end of the year.

    Regardless… for anybody that thinks we have to have Wall St. and Washington D.C. to survive… I say you are clueless. All you have to do is think back as far as Hurricane Katrina to see what happens to people that think the Govt. is going to take care of you when the Cat. 5 is coming at you full blast….

    Get prepared and stash up on food. If for some miraculous reason FB saves the economy (LOL!), you still save 15%+ on your food costs.

    Better then investing in Goldman Sachs as far as I’m concerned…

    Economic collapse happens.. some of us are going to still be producing what really matters.

    Maybe I’ll trade a cow for the Ferrari that some Bankster owns… More then likely…

    Probably not…

  • A.S.

    What can you expect from a G-dless society ruled by a G-dless government? May G-d have mercy on us, especially those that have faith and trust in Him!

  • chiller

    Our economy is like a hot air balloon and the government is its fat owner trying to hold it down with a rope from the ground. As the balloon fills with even more hot air, it lifts the owner off the ground and into the sky. The owner doesn’t want to lose his balloon so he holds on to the rope and is lifted into the air. The higher the balloon goes, the more it’s going to hurt when the owner lets go. Unfortunately, we the people are on the ground waiting to catch the obese owner. By this point, no one on the ground or in the air will survive the impact once the owner finally decides to let go.

  • William

    There is NO salvation for the USA. It is too late….we are over the edge now. There is NO ONE on the horizon in either political party, who will tell the truth, or take the necessary actions to save America. The likely fate of current US residents is to live in a country run by the likes of the TSA VIPR squads. This has been planned since the days of Adam Weishaupt. Neither the failed Obummer nor Romney will be able to take the necessary actions. So, be sure to reelect the incompetent FOOL who now represents you in the US Congress and watch the country circle the drain.

  • Winston Hackett

    As always, your post is informative and to the point.

    I must point out though that above you mention “it is being reported that weekly unemployment claims in the United States have fallen to a four-year low. That is a very good thing.”

    But two months ago your headline read “I Can’t Take It Anymore! When Will The Government Quit Putting Out Fraudulent Employment Statistics?”

    Fake stats aren’t putting people back to work. Many of your readers probably know the truth behind the stats but new viewers may not. Please call it like it is.

    Keep up the good work

    • Michael

      Yes, you are right. The official unemployment stats are quite fraudulent.

      I will be making this point again in an upcoming article. :)

      Michael

  • Tim

    Does anyone think it’s a coincidence that the worst jobs report in several months, in terms of the number of jobs that were supposedly added, comes out on a day when U.S. financial markets are closed?

    The only reason the March unemployment rate dropped to 8.2% is because more Americans are considered to have given up looking for work.

    In January 2009, when Obama took office, the unemployment rate was 7.8%. So they only need to get it to drop by .4% by November to convince Americans that Obama has created jobs and gotten the economy back on track.

    You’ve just crossed over into The Twilight Zone.

    http://www.youtube.com/watch?v=NzlG28B-R8Y

  • jolt

    How true this is. We can not keep adding to our debt and expect everything to turn out ok.

    Eventually, it is all going to implode and we are then in big trouble.

    I am so glad I found a way to prepare myself for what is about to come our way.

    http://theelevationgroup.net/presentation/register.php?a_aid=160667&a_bid=e6b01db8&chan=y

    This free video was prepared by a millionaire that is telling it like it is and is sharing what has helped him get where he is and how we
    can learn from others that are actually making a profit from all of this chaos.

  • Pingback: Who Has Believed Our Report? « L.A. Marzulli's Blog

  • Donald Wilson

    If you want to have a good idea how bad the economy is go to dailyjobcuts.com they break it down by layoffs, company bankruptcies and store closings. Enjoy.

  • http://None sammieg1941

    I recently turned 71 years old. Over the past year I have experienced many pains and some good times. However, with the loss of my wife of 35 years in October 2011 and my multiple hospitalizations since, I consider myself lucky to have lived this long with this Capitalistic Medical System we have enjoyed for nearly 300 years in this great Republic. I too believe that we are doomed to follow the rioting and chaos that is inundating the Old World today. The Arab Spring was just another indication of how we have lost control of this country from within, without the firing of one shot. Whom would ever have thunk that???? Question is, what do we that have worked hard and saved for the golden years, do with our savings before the Redistributor in Charge confiscates all assets of the people? Any clues?

  • Craig

    I like that first picture. Is that a watercolor?

    Our government is insane. With a real 16% unemployment rate, they are still letting Mexicans pour into the country by thousands/day. The top 10% like them for their votes and cheap labor. The top 10% couldn’t care less how this negatively affects the middle class. Then they let Muslims come here who want to take over the U.S. with Shariah law–even after 9/11/2001. We are in a self-destruct mode in the USA. There is no political solution. Only God Himself can stop us from destroying this once great American middle class lifestyle. The 60s and 70s were the best of it IMHO.

  • http://goto.glocalnet.net/pdn/ PDN

    A christian prophet (forgot his name) saw in a vision in mars 2012 how inflation will come to america this year!

    1 Thessalonians 5:20 – Do not despise prophecies.

  • mark

    You are correct that most Americans are not preparing. They are taking on more debt at the government and personal level. It seems that most people that I discuss any of the problems with do feel that we are broke, but they suffer from normalcy bias. They think that lifestyles here will never sink since we are the United States and we control the dollar, which everyone needs, (right) and we are the only super power on the planet. I can’t say what the outcome in the end will be, but it will not be good. There are and will be a lot of angry people and angry people are not nice. Normalcy bias is hard to overcome and until reality sets in most will not use this time of abundance to store food and other supplies to sustain their lives in the future. As an example, I am a member of the Mormon Church and members of the Church have been counciled to store at least a years supply of food, clothing, fuel and other supplies for years. Many of the members that I know have not followed this council. The Church even set up an infrastructure to make dry pack food easy to obtain at a reasonable cost and many have not steped up to the plate. I can only atribute this to normalcy bias. We just hide our heads in the sand and wait for whatever the future holds to give us a swift kick in the rear. That is going to hurt and many have their heads burried so deep that when that swift kick happens their necks will be broken and they will be paralyzed with fear. I would hope that if you have not already started yesterday that you would start today to prepare.

  • Tim

    I see Jim Quinn over at The Burning Platform posted this article to his site. Like you, Jim is one of the few who understands the situation we’re in.

  • Ghulam

    Major economic recessions have happened before throughout Western history, like Great Awakenings of religious fervour in the United States, they come around as regular as clockwork. Go look at the record. What usually happens when the bubbles finally break? Do Europeans turn on all those Mormons whose names are on all the banks, who run the federal agencies supervising finance, who own the media, and who make the jokes about it on Mormon-owned TV? Will the great herd of Americans when they find their world crashing turn again and take it out on the Mormons? It is amazing how reluctant the herd must be just now; it is weird reading articles that cannot mention the factor at the heart of it all, the Ponzi scheme economy and the fraudulent attacks on one Muslim country after another.

  • John Rambo

    What the hell man, you are not going to publish my comment?

  • karen

    FEMA DEATH CAMPS 2012www.uaff.us/femacamps.htmCached

    Mar 23, 2012 – This FEMA death camp was shown off as something the NWO and FEMA was literally PROUD OF!!! And there are MANY more FEMA detention …

  • Mainuh1

    #19 BWHAAAA HA HA HA!!! Are you kidding? 2030? We’ll be lucky if we make through this year.

  • sharonsj

    The unemployment number is going down because people are falling of the rolls and are not counted. I read that over 85 million people cannot find work.

    States that are run by the GOP have lost us another 150,000 jobs and the government has fired half a million middle-class workers. The new jobs being created are lower paying and don’t have health benefits.

    Europe is imploding because of their debts. Financial markets know it’s coming and have already figured out how to make a profit from it. By the way, many of those countries are going up in flames because of austerity measures.

    If Republicans gain control of more state governments and our federal government, their ideology of implementing austerity measures will make things worse for us. They plan to continue giving tax breaks to the rich while slashing the social safety net. For all their crowing about the Ryan budget, it actually adds trillions to our debt and kills medicare.

    I don’t see anything getting better and, as I’ve said in earlier posts, I’m stocking up on whatever I can.

    • Gary2

      If nothing else the ryan budget and the Obama budget mark a clear distinction and direction for the country.

      Paul Ryan–an Ayn Rand society- social Darwinism. Not my opinion a fact he makes his staff read that crap. BTW she was atheist so I do not know how Christians vote for this guy as he worships an atheist.

      Obama–A much more kinder gentler way of sharing the pain and having those who benefited the most pay the most–ie–tax the rich.

      Neither will balance the budget but who cares about that.

    • Mal R.

      What flavor is the Koolaid you’re drinking? Lol, no don’t answer, I know it’s red.

      • Mal R.

        Ha ha ha. Flavor = red. Loo hoo..

  • Old Man

    March. Same month, very different job picture in N. America. As reported by Canadian news:

    In March, US added some 120,000 so-called jobs. Vast majority of these are low pay service jobs, temp jobs, farm jobs. Way below expectations. Even when the expectations are already rock bottom low.
    http://www.cbc.ca/news/business/story/2012/04/06/us-jobs-march.html

    Meanwhile, Canada added 82,000 jobs, blowing pass optimistic expectations. Most of these are full-time jobs, permanent jobs, even an increase in manufacturing jobs. Alberta even goes begging for people to go there to fill 80,000 jobs.
    http://www.cbc.ca/news/business/story/2012/04/05/march-jobs-canada.html

    Using the usual 10:1 ratio, the number of jobs created in Canada in March is equivalent to 820,000 jobs in the US. Yes, more than 3/4 million full-time jobs in one month.

    Why? In one country, the only measure of success, the only bottomline, is corporate profitability. This is achieved by minimizing cost, including labor cost, at all cost.

    In the other country, employment, profitability, knowledge creation, social and environmental sustainability all receive equal priority.

    Wall Street has been calling Canada a ‘socialist’ country destined for national failure for a long time. Because they fail to do what the Masters wanted – maximize profitability of private corporations as the only measure of national success. But it was the U.S. who socialized Wall Street loss, while Canada profited handsomely from the world best banking system.

  • Snoopy_The_Economist

    Can someone explain why USAs GDP is not calculated to take into account the gov’t spending of $1.4T/yr? If gov’t spending was subtracted as it should be because it is fake growth – then GDP would be much less than the debt and debt-to-GDP ratio would be ~ 120% – revealing that the USA is bankrupt.

    It’s just another lie like the 8.3% unemployment which is actually closer to 20%.

  • tappedops

    the partys not over till the beer stops flowing…and theres still a hella beer still flowing… we got 16 months—party down…

  • http://itsafluffy.blogspot.com DL

    We Will get what we deserve.

  • Mustard Seeds

    I have a pretty good idea of what a depression is…read quite a bit about the last one. Lately, I am thinking about economic collapse. How will it be different than a depression?

    People are totally dependent on modern day conveniences like well stocked grocery stores, availability of emergency services, availability of fuel, well maintained public roads and parks, libraries, and schools. Very few people are prepared to live without their conveniences and luxuries.

    What happens to personal debt when the currency is revalued after a bank holiday? What happens to all the automatic payments that are set up for mortgage and other debt payments while the banks are on holiday? When the banks reopen, will all those payments be adjusted? The debt too? Or not? Seems like that would be total chaos.

    I expect to see more schools close as budgets fail to make ends meet. What happens to all those students? Seems like the schools attempting to absorb the extra students will be waaaay overburdened.

    We already see what is happening with jobs and infrastructure. Deterioration.

    I’m noticing the shrinking number of doctors available at our family practice clinic, and fewer vets at the vet clinic. Everybody is downsizing.

    And the price of everything continues to climb.

    The government keeps talking about a recovery, because they can still push a button to print more money. The BRIC and other nations are deciding they can do without U.S. dollars…soooo the plug is about to be pulled on our beloved printing press.

    What does a collapse look like? From the national level down to the local communities? What programs and services survive, and what doesn’t?

    Same or worse than a depression?

    • mondobeyondo

      A depression is bad enough. (We are in the beginning stages of a depression right now.)

      An outright collapse would be far worse.

      • mondobeyondo

        2008 = 1929
        2012 = 1931

        I’m not very good at timelines, but that sounds approximate.

        “The worst is yet to come, and boy, won’t it be bad”
        - George Sinatra (Frank’s brother, hehe!)

    • roadrunner

      1st…the unemployment #’s are down because the ppl getting those benefits have exhasted them. Once you use them up, you are no longer counted as being unemployed.
      2nd…there are NO meaningful full time positions available anyway, so whats there to count as far as jobs go ?
      3rd….your question about payments. If the currency is de-valued by 50%, then your payments stay at the same dollar amount. You just pay with those de-valued dollars. If you are trying to say that the banks will demand a 50% addition to the amount you owe them, (to make up for the 50% de-value)then I would say its time for a “payment holiday” all across this fruited plain. This would be tyrannical theft by the banks, and would require you to resist…by ANY means necessary.

  • http://earthypoetgrrl.wordpress.com Beth

    you bet the year 2030 is critical….that’s the year I believe 46% of our population will be eligible for “social security” benefits. That’s almost half the population, woah!

    • Alasha

      mmmmm, what about all the baby boomers? i understand its millions of them set to retire…..Heaven help us!!

  • puzzled

    Let me vent something here. I am a seller of gently used brand name kids clothes [Gap, Justice, Apple Bottom etc..] Most sell for under 5 bucks and are all modern in style. Who are my best customers? Divorced moms and grandparents. Most people want to ‘buy new’. I spoke with a woman in Sears yesterday who was buying play clothes that her 9 year old son picked out. Explaining that I sold very similar styles with better labels, she just whipped out the plastic, dropped $150 bucks and left. I remain stunned at the ignorance of the American people. Do they have to be ‘in a hard place’ to understand that now is not the time to be spending money they don’t have or jacking up their credit cards? My friend does very well online selling kids stuff but most of her customers are international. I just don’t get it…

  • http://TheEconomicVoice Gregge Johnson

    Thank You for research Micheal A very good source states that ECB and Germany are destroying the Euro on purpose along with the Federal Reserve destroying the US dollar>>>>so the currencics are worthless>>>thus new world finacial system The World Bank and IMF has the most gold in storage right now///The Golden Rule;;;He who has the most gold Rules.. Please see if you can find anything out Thanks

  • It’s all coming apart

    Michael writes;
    “For example, it is being reported that weekly unemployment claims in the United States have fallen to a four-year low. That is a very good thing. Let us hope that unemployment claims go even lower and that the current period of stability lasts for as long as possible.”
    ………………….
    Fox News on April 6th finally came clean with the real truth about falling unemployment claims.

    Fox news is just now reporting what Gerald Celente and others have been saying about the real unemployment numbers and it is not pretty, in fact it is deceiving.
    I Thought Michael WOULD HAVE POINTED THAT IN HIS ARTICLE BUT, I GUESS Michael REMAINS HOPEFUL as so do many other Americans, BUT HERE IS THE STORY FROM Fox AND IT AINT PRETTY!
    http://www.foxnews.com/opinion/2012/04/06/real-reason-unemployment-is-going-down/

  • http://prepperssurvival.com Prepper Stan

    And continuing on this trend…

    * Obama signs into law NDAA, that would allow him to effectively control mass, when SHTF

    Sadly, everything points to the fact that worst is yet to come and mass media from both left and right trying to tell us – everything is peachy and its getting better. Thre is no media outlet anymore willing to tell the truth to the people.

  • wheedle

    Michael,
    Perhaps we are seeing events that are synonymous with an Extinction Level Event. In movies like “Deep Impact” and “2012″ people in high places became privy to information that was kept from the general population.
    If this is the case, we will continue to see all types of crazy endeavors to keep the masses calm while “people in the know” continue to prepare for what is coming. Perhaps being aware of what is happening is our “heads up” that something big is coming and we should prepare as well.
    I’m not convinced that an ELE is in fact approaching, but an economic collapse is becoming more and more self evident.
    Good Luck To You And Yours

    http://ftmdaily.com/preparing-for-the-collapse-of-the-petrodollar-system/

  • http://www.magnifiedview.com Yoda

    Your line item documentation is superb.

    Be aware and be prepared

    http://www.magnifiedview.com/2010/09/17/yodas-little-known-tactics-to-avoid-being-a-target/

    Right on Economic Collapse – WRITE ON!

    Cordially, Yoda@magnifiedview.com

    P.S.: “May you live in interesting times.” Ancient CHinese curse.

  • patriot alice

    Once we force our debtors to give us a 70% haircut, we can continue the party….We have a lot to learn from the ancient Greeks…Sing it, PARrrrTY..

  • Proftel

    The End of the World Fashion

    (Rolando Boldrin)

    Cumpadi in Brasilia, espaiaram
    A rumor very annoying
    That the world will end

    Vance oreia get on the radio
    Vance stay in the oio Jorna
    Because, I tell you,
    The day the world will finish

    On this day we have to solve
    We fear to hide
    That ball cock
    Practical dispois doomsday folks to have
    A male chicken purchases,
    A male chicken purchases

    Cumpadi too afraid to hide
    That bull stallion
    Big and troublemaker
    Practical dispois the end of the world to us to have
    The animal that knows how to do calf
    The animal that knows how to do calf

    Vance oreia get on the radio …

    Cumpadi think well on d
    What will grab porva stinks
    And everything turns nóis porridge
    Practical dispois doomsday folks to have
    A couple of bug that makes meow,
    A couple of bug that makes meow …

    Link:

    http://letras.terra.com.br/rolando-boldrin/222599/

    :-)

  • mondobeyondo

    Happy Easter, everyone!
    ———————–
    Let there be peace on earth, and let it begin with me.
    Let there be peace on earth, the peace that was meant to be.
    With God as our father, brothers all are we.
    Let me walk with my brother, in perfect harmony.

    Let peace begin with me, let this be the moment now.
    With every step I take, let this be my solemn vow.
    To take each moment, and live each moment
    With peace eternally.
    Let there be peace on earth, and let it begin with me.

  • jr

    Obama signs broccoli mandate

    WASHINGTON, DC (Rooters) –
    By J. Horsesnort, Associated Presstitutes

    April 12, 2013

    By a vote of 219 to 212, the newly re-elected Speaker of the House, Nancy Peulousy and her Democrat dominated House of Representatives passed the Broccoli Reform Bill, mandating all United States citizens to purchase – and eat – at least 5 tons of broccoli per year. Members of the current Congress were exempted from this requirement on page 8,432 of the measure, as were all unions contributing to the “Re-elect Obama for a Third Term” campaign, which kicked off the day after President Obama was sworn in three months ago. While no one in the recently re-elected Democratic Congress has actually read the bill yet, Speaker Peulousy indicated that the measure will cover the estimated 32 million Americans who currently do not have full broccoli coverage on their dinner plates. Low income individuals – primarily anyone who does not work for the government – will receive supplemental broccoli coverage, similar to the widely popular SNAP (Supplemental Nutrition Assistance Plan) from the USDA, and its new sister plan, the U.N. mandated Supplemental Carrot Assistance Treaty (SCAT). The estimated cost of the reform over the next 10 years is currently expected to be $940 billion, which will be revised in three months time to $8,937 billion. A senior Obama administration official was quick to comment on this total expenditure, noting “Yes, this is a relatively large amount, but it is nothing we can’t print our way out of. Besides, even the revised figure is only 10% of the total cost of Michelle Obama’s last no-frills vacation, where she rented out the country of Lichtenstein for herself and 800 of her Chicago cronies.”

    Starting in 2016, individuals would be required to purchase broccoli coverage or face a fine of up to $695 or 2.5 percent of income, whichever is greater. The plan includes a hardship exemption for cauliflower eaters as well as a CO2/global warming exemption for those who get gas from broccoli. A “white folks” tanning bed tax of 10 percent would raise $2.7 billion between 2010 and 2019, and the administration is currently considering ways to tax those getting a tan outside from the sun. Companies with more than 50 employees will be required to pay the 10.9%: Broccoli Part A (broccoli insurance) tax rate, which will be increased by 12.35 percent per year. Kale and rutabaga eaters will be exempted up to 10% of their annual income per the “In Lieu Vegetable Rule,” as long as the kale or rutabagas are Monsanto approved.

    In related news, the Obama administration’s Broccoli Czar, Brachia Corrumpere, announced a $2 billion dollar government grant on Tuesday for a new solar powered broccoli factory, Broclyndra, to be located in Chicago. The newly appointed CEO, “Don” Corzini, stated from his head office in Antigua, which does not have extradition treaties with the US – that a new $735 million state-of-the-art robotic plant will utilize tax dollars from the rich by composting them, and using as fertilizer. Said Corzini “With our dollar already in the toilet, this is a truly fitting use for all that ‘extra’ money.”

    • nowwthen

      Funny! Very, very funny! Best laugh I’ve had in a while. “Broclyndra, to be located in Chicago.” Let’s hope the Obama administration views it as the satire it’s meant to be and won’t adopt it as the 2016 campaign platform.

      • pault

        And there will be a wonderful side benefit. Just think of all the extra natural gas it will produce. A new alternative energy source.

  • denny

    # 5 & # 9 – the giveaways.

  • Mad Max

    Unfortunately, America will have to fall very hard because of our own ignorance and arrogance. When you’re ready -

    FIGHT THE CAUSE – NOT THE SYMPTOM

    OsiXs (Revolution 2.0)

  • http://paradisevillagechiro.com/ russ

    Unfortunately, most Americans are like sheep being led to the slaughter. Our media continues to feed them what they want the people to believe. Like an ostrich with it’s head in the ground most people are oblivious to what is coming! It’s time to wake up and perform a little due diligence.

  • http://www.decroceblog.com/ Edward

    Very interesting post.
    And of course, as you pointed out…. The richest in Greece and in the U.S. make the bulk of their profits while the rest of us suffer.

    Additionally there are middlemen “agents” who have no other intent but to rip off the very folks who work so hard for them.

  • Philippino Bob

    Interestingly I have the year 2036 for the end days.
    However, I wouldn’t be worried for at least another 4 years. My date is 27th of January 2016. That is when the NORMAL ends.

    For more, read my article.
    http://escapetophilippines.wordpress.com/free-booklet-life-beyond-2012/

  • Yvonne

    Isn’t this article “A Voice of Doom”, like Jeremiah the ‘Weeping Prophet’? There are three things which this article did not specifically state. These are(i)That this is a ‘Global’ situation and that the USA is the only developed nation that is currently showing positive signs of growth, despite the economic depression that President Obama inherited from the Bush/GOP’s FAILED ECONOMIC POLICIES; (ii) That whoever wins the November Elections, MUST BE PREPARED to treat with this ‘Status of Doom’ that this article projects is apparently ‘here to stay’; and (iii) That absolutely no recommendations are being made, in terms of how the American People could PREPARE FOR, AVERT, and/or POSITIVELY TACKLE this SITUATION OF DOOM. What is the point of this article and/or announcing for example, that extremely bad weather conditions are going to hit the eastern,western,northern and southern States of the country simultaneously and within a specific timeframe, without providing assistance/guidance to thwart, protect and safeguard our people from the KNOWN/ESTABLISHED RIPPLE EFFECTS? We CANNOT, AS A PEOPLE OR A NATION, GIVE UP AT THIS POINT IN TIME. WE MUST HAVE HOPE just like in our other spheres of life. And, ‘What is hope?’ you may ask me….”Hope is like a road in the country; there was never a road, but when many people walk on it, the road comes into existence.” ~Lin Yutang
    Let us, as a people, continue to live in ‘HOPE’
    so that at least we will end up in ‘CONSTANT SPRING’!

    • Mal R.

      Hey Yvonne, how exactly are we

      “currently showing positive signs of growth, despite the economic depression that President Obama inherited from the Bush/GOP’s FAILED ECONOMIC POLICIES; ”

      when Obama not only changed NONE of Bush’s policies, he made alot of things worse?

  • Dave Mayton

    I don’t understand why there has been no mention of Ron Paul in either the article or comments. After all, he is the man who gave us the extremely accurate predictions of these occurrences over the last three decades. I can only hope that all of you will be supporting Dr Paul to the fullest degree in an effort to take back what is rightfully ours… Our lives, our liberty and the pursuit of our own happiness!

  • SMASH THE CONTROL MACHINE

    HAPPY EASTER !!!HERE IS THE EASTER SONG!!!!http://www.youtube.com/watch?v=7OEqavkJGCE

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