The Beginning Of The End
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20 Questions To Ask Anyone Foolish Enough To Believe The Economic Crisis Is Over

If you listen to Ben Bernanke, Barack Obama and the mainstream media long enough, and if you didn't know any better, you might be tempted to think that the economic crisis is long gone and that we are in the midst of a burgeoning economic recovery.  Unfortunately, the truth is that the economic crisis is far from over.  In 2010, more homes were repossessed than ever before, more Americans were on food stamps than ever before and a smaller percentage of American men had jobs than ever before.  The reality is that the United States is an economic basket case and all of these natural disasters certainly are not helping things.  The Federal Reserve has been printing gigantic piles of money and the U.S. government has been borrowing and spending cash at a dizzying pace in an all-out effort to stabilize things.  They have succeeded for the moment, but our long-term economic problems are worse then ever.  We are still in the middle of a full-blown economic crisis and things are about to get even worse.

If you know someone that is foolish enough to believe that the economic crisis is over and that our economic problems are behind us, just ask that person the following questions....

#1 During the 23 months of the "Obama recovery", an average of about 23,000 jobs a month have been created.  It takes somewhere in the neighborhood of 150,000 jobs a month just to keep up with population growth.  So shouldn't we hold off a bit before we declare the economic crisis to be over?

#2 During the "recession", somewhere between 6.3 million and 7.5 million jobs were lost.  During the "Obama recovery", approximately 535,000 jobs have been added.  When will the rest of the jobs finally come back?

#3 Of the 535,000 jobs that have been created during the "Obama recovery", only about 35,000 of them are permanent full-time jobs. Today, "low income jobs" account for 41 percent of all jobs in the United States. If our economy is recovering, then why can't it produce large numbers of good jobs that will enable people to provide for their families?

#4 Agricultural commodities have been absolutely soaring this decade.  The combined price of cotton, wheat, gasoline and hogs is now more than 3 times higher than it was back in 2002.  So how in the world can the Federal Reserve claim that inflation has been at minimal levels all this time?

#5 Back in 2008, banks had a total of 27 billion dollars in excess reserves at the Fed.  Today, banks have a total of approximately 1.5 trillion dollars in excess reserves at the Fed.  So what is going to happen when all of this money eventually hits the economy?....

#6 If the U.S. economy is recovering, then why are shipments by U.S. factories still substantially below 2008 levels?

#7 Why are imports of goods from overseas growing much more rapidly than shipments of goods from U.S. factories?

#8 According to Zillow, the average price of a home in the U.S. is about 8 percent lower than it was a year ago and that it continues to fall about 1 percent a month. During the first quarter of 2011, home values declined at the fastest rate since late 2008. So can we really talk about a "recovery" when the real estate crisis continues to get worse?

#9 According to a shocking new survey, 54 percent of Americans believe that a housing recovery is "unlikely" until at least 2014.  So how is the housing industry supposed to improve if so many people are convinced that it will not?

#10 The latest GDP numbers out of Japan are a complete and total disaster.  During the first quarter GDP declined by a stunning 3.7 percent.  Of course I have been saying for months that the Japanese economy is collapsing, but most mainstream economists were absolutely stunned by the latest figures.  So will the rest of the world be able to avoid slipping into a recession as well?

#11 Next week, Republicans in the House of Representatives are going to allow a vote on raising the debt ceiling.  Everyone knows that this is an opportunity for Republican lawmakers to "look tough" to their constituents (the vast majority of which do not want the debt ceiling raised).  Everyone also knows that eventually the Republicans are almost certainly going to cave on the debt ceiling after minimal concessions by the Democrats.  The truth is that neither "establishment Republicans" nor "establishment Democrats" are actually serious about significantly cutting government debt.  So why do we need all of this political theater?

#12 Why are so many of our once great manufacturing cities being transformed into hellholes?  In the city of Detroit today, there are over 33,000 abandoned houses, 70 schools are being permanently closed down, the mayor wants to bulldoze one-fourth of the city and you can literally buy a house for one dollar in the worst areas.

#13 According to one new survey, about half of all Baby Boomers fear that when they retire they are going to end up living in poverty.  So who is going to take care of them all when the money runs out?

#14 According to the U.S. Bureau of Labor Statistics, an average of about 5 million Americans were being hired every single month during 2006.  Today, an average of about 3.5 million Americans are being hired every single month.  So why are our politicians talking about "economic recovery" instead of "the collapse of the economy" when hiring remains about 50 percent below normal?

#15 Since August, 2 million more Americans have left the labor force.  But the entire period from August to today was supposed to have been a time of economic growth and recovery.  So why are so many Americans giving up on looking for a job?

#16 According to Gallup, 41 percent of Americans believed that the economy was "getting better" at this time last year.  Today, that number is at just 27 percent.  Are Americans losing faith in the U.S. economy?

#17 According to the U.S. Census, the number of children living in poverty has gone up by about 2 million in just the past 2 years, and one out of every four American children is currently on food stamps.  During this same time period, Barack Obama and Ben Bernanke have told us over and over that the U.S. economy has been getting better. So what is the truth?

#18 America has become absolutely addicted to government money. 59 percent of all Americans now receive money from the federal government in one form or another. U.S. households are now receiving more income from the U.S. government than they are paying to the government in taxes. Americans hate having their taxes raised and they hate having their government benefits cut.  So is there any hope that this will ever be turned around before disaster strikes?

#19 The combined debt of the major GSEs (Fannie Mae, Freddie Mac and Sallie Mae) has increased from 3.2 trillion in 2008 to 6.4 trillion in 2011.  How in the world is the U.S. government going to be able to afford to guarantee all of that debt on top of everything else?

#20 If the U.S. national debt (more than 14 trillion dollars) was reduced to a stack of 5 dollar bills, it would reach three quarters of the way to the moon.  The U.S. government borrows about 168 million dollars every single hour.  If Bill Gates gave every penny of his fortune to the U.S. government, it would only cover the U.S. budget deficit for 15 days.  So how in the world can our politicians tell us that everything is going to be okay?

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  • Anonymous

    I don’t understand one thing. Why can’t America steal oil from Iraq and libya to cover up their debt? It should be easy.

    Can the admin enlighten me on this please?

    • anonymousaswell

      We are stealing their oil. Thats what the war really is about. Its just going into Halliburton’s wallet not america’s.

    • Duck

      Because it is not about oil, it is about protecting Israel.

      • Rob

        Protecting Israel from what – what resources do they have that the USA would be interested in?

  • http://www.planorperish.com/ Gutter Economist

    “#5 Back in 2008, banks had a total of 27 billion dollars in excess reserves at the Fed. Today, banks have a total of approximately 1.5 trillion dollars in excess reserves at the Fed.”

    Question #21

    Are you employed by a bank or wall street?

    • Salamander

      why are you even asking that? But if you need someone to explain that graph to you I can. If you would care to go examine a graph of the money base you will notice a rather funny similarity. What it means is that a lot of the money the Fed is pumping into the system with QE I and II along with other monetization schemes is finding it’s way into the banks. Inflation is raging but the banks are acting like sponges to soak up much of the extra liquidity floating around. If at any time they cease to do that inflation will immediately get hotter. It also guarantees that the economy isn’t coming back because if it does and banks lend out the money and shrink their reserves to normal levels the resulting inflation would be so bad that it would take the economy all the way back down.

  • Paul

    Actually, the real estate crisis can be a good thing.
    It seems to be cheaper now to buy a home? So more money can be spent on refurbishing it to withstand the weather? Or maybe a solid concrete home in tornado and hurricane area can be bought cheaper and because it is more likely to withstand storm than a slum hut, next year the appliances and carpets and clothing don’t need to be replaced, saving that money for education or pension or insulation?

  • Paul

    It’s worse than socialism.

    So, where is all that government money going?

    • http://www.planorperish.com/ Gutter Economist

      See #5

  • A.Sharma

    Great 20 questions. The recession looks round the corner unfortunately. I think people have lost the confidence to spend and earn and when this happens economic collapse is ready eventually. I think its time for people to move on and not worry too much about recession and start doing things at individual levels. First of all we need to reduce the prices of eating out in restras. Because in stressful times like these we need to sit together and share cosy cooked cusines more than anything else. Restras are hiking their prices every month. I think its time to think not about profits but think about giving people comfort. The corporate world have to work for the benefit of the health of the people. Gas prices have increased so why food prices have to increase. Only when we couple food and oil. What a big mistake. Why cant food be grown more locally and packed locally and with shorter trucking routes. Truckers will get the jobs so does everybody else. Making our lives so dependent on oil is the root cause of why a few people in the world can take control of our lives. I think saving is good but to jump start the economy we as indivisuals on main street have to understand our roles and responsibilities and discuss and debates about whats going on. Democracy can defeat Depression.

  • mondobeyondo

    It’s over.

    No. The economic crisis isn’t over.
    Life as you know it now is over.

    • Ledbedder

      Hit the nail on the head, mondobeyondo. Hit the nail on the head.

    • anonymousaswell

      I agree. But no one is predicting what is actually gonna happen. Do we drain our own commodities, gold and silver, or sale Hawaii and Alaska?

      • rusty shackleford

        I think we should “sale” all the stupid people who use the word “sale” instead of “sell.”

        • Tuxey69

          I think maybe Anonymousaswell wants to sail to Hawaii and Alaska in his/her leaky boat Rusty…

  • http://BrophyWorld.com BrophyWorld

    It’s amazing to go back and read blog posts from 2009 where people claimed that the economic collapse is over. Many people refuse to believe that high government spending destroys vibrant economies, and that all governments must rely on the private sector to survive.

    The country has accumulated unprecedented debt that cannot be repaid, a huge penalty that will burden income earners for at least the next 40 years. Alternatively, imagine living with a responsible government like Hong Kong, in a Mediterranean climate like California. Unfortunately, no such Utopia exists; but Chile offers a combination of pleasant climate and fewer government burdens than many others. If you’re ready to shed the debt your government has imposed upon you, it is a good destination to consider:
    http://brophyworld.com/move-to-santiago-chile/

  • bobbobbobbob

    the good union jobs have been shipped overseas by you know who {blue dog dems and republicans}the business comunity wants to eliminate medical care for ist peasant workers and the troops are coming back watch out BRA China rules

  • mondobeyondo

    Jobs = employment.
    You can be employed anywhere.

    Wal-Mart. Kentucky Fried Chicken. McDonald’s. Sears. Yada, yada, yada.

    Or Motorola. Boeing. NASA. (Oops, NASA is going to cut jobs now that the shuttle program is going kaput.) A major law firm. A doctor at a large hospital. Maybe even a clerk at Tiffany’s in New York City.

    An increase in jobs sounds great!
    But just WHAT KIND of jobs are they??
    The network news doesn’t tell you about that, does it?

    Hmmm.

  • Matt

    Gary2, when the rich run out of money then what?…..If Bill Gates gave every penny of his fortune to the U.S. government, it would only cover the U.S. budget deficit for 15 days.

  • http://thecivillibertarian.blogspot.com/ Frankenstein Government

    I’m not sure it’s worth worrying about any more. Really. http://thecivillibertarian.blogspot.com/2011/05/is-it-too-late-to-give-shit-about.html

  • sharonsj

    Well I guess I count as receiving money from the government, but mine is Social Security, which of course I and my employers paid into over the decades. SS is NOT an entitlement, by the way.

    However, in the last two years, because the government says there is no inflation, I have not gotten a cost of living raise. Plus my Medicare payment went up, so I get less money each month. Meanwhile, everything I need to buy has gotten more expensive.

    I believe most of America is in the same position. Low-paid jobs cannot cover the basic costs of rent/mortgage, electricity, heat, etc. I constantly get shut-off notices because my electric company was allowed to keep raising rates on almost a monthly basis.

    If the politicians and the media had bothered to ask any American, we’d state there is no recovery and, in fact, the opposite is happening.

    • Noel

      You have a misunderstanding on how SS works. You are/were not putting money into an account which you draw out when you retire, you were/are paying for someone elses retirement. When you retire/go on ss disability someone else who is still working is paying your benefits. This is the way it has always been. So when there are more people retires/on ss benifits then are people paying into the system it goes broke. Which is why ss IS an entitlement.

  • 005

    Well, it’s like you said in another article;
    the lousy economy we’re in IS the recovery;
    and that’s not saying much.

  • new normal

    look at the bright side, they’ll raise the dept ceiling and we’ll have trillions of freshly borrowed cash to spend on even longer unemployment benes, food stamps, medicare, sec8, free job training, disabilty to folks who are even disabled, lets all go to disneyworld

  • Rev. Reggie Jackson

    This is incredible! The liars who rule and run our government are such dispictable devils that their lies and deceptions, knows no bounds. They work for and are ruled by Satan. And their destruction of the American economy is great. As the New World Order International Bankers/Illumninati kingpins and puppet masters have brought our government off; and only God will and can defeat them in the very near future.

    And they will force us into more wars; and later, they will try to make everybody take their zombie making and mind controlling, Mark of the Beast Chip that will be put in peoples forehead or hand. And this Mark (chip) will cause everyone who take it to be thrown into the lake of fire and brimstone; because it will mean that they have sided and joined Satan and his antichrist beast leader and their leaders.

    And those who take it will be tormented, day and night, 24/7, because they have made Satan and his leader and leaders; their god, according to Revelation 13 and 14.

    • steveg

      Dude, your social (in)security number IS the ‘mark of the beast’.

  • Paul

    In 2008 I had a job interview. When I asked the manager how his company is preparing for the coming recession, he told me THERE IS NO SUCH THING AS A RECESSION COMING, I WILL NOT HEAR THAT WORD AGAIN.

  • Big Dick

    But Old Blow Me promised a chicken in every pot! He wouldn’t lie would he???

  • Paul

    Just a thought.

    If one person produces goods for 100 dollar per hour and gets paid 10 dollar.
    And another person produces goods for 100 dollar per hour and gets paid 10 dollar.

    How can the first person afford to buy the goods from the second person?
    And how can the second person afford the goods of the first person.
    And who will buy the goods that are left over?

    You can extend this until the 6billionth person, and there is still the question:
    if on one day goods are produced worldwide for 100 dollar and salary paid only for 10 dollar, who can afford the goods and who shall buy the rest?

  • http://freefood2gocoop.com Free Food 2Go

    This one kills me… #19 The combined debt of the major GSEs (Fannie Mae, Freddie Mac and Sallie Mae) has increased from 3.2 trillion in 2008 to 6.4 trillion in 2011.

    The elite banks made huge profits on risky loans and derivatives, then they got Billions in bailouts from the government, and now the taxpayers are stuck with the bill for the bad debts and bailouts.

    And nobody in the banks or government has been held accountable.

    Free Food 2Go

  • http://erectuswalksamongstus.com Charlie Shkleen

    The fire and brimstone is going to throw itself
    on US here in a couple of months when comet
    Elenin gets here! Nothing, not Gowad OR Satan
    will save us then!

  • http://moneycrisisgameplan.com Money Crisis Game Plan

    The crazy part is that 90% of Americans just watch the news (which is owned by the financial elite who are responsible for the economic crisis) and they think everything will be okay, because the government will take care of them.

    What’s it going to take to get people to wake up to the fact that America is bankrupt?

    And cities and states are also in the red and making budget cuts on police and services that protect you, so you may want to make plans to move away from urban areas and become less dependent on the government.

    If you can’t leave your city, then the SURVIVE IN PLACE Urban Survival Guide shows you how to survive during a crisis, and protect yourself and your family.

  • jayoh

    yea things dont look good at all……..godspeed and good luck to everyone. stay alert and prepare as best you can..

  • Maria

    Even without knowing all of the facts listed, people still instinctively know the economy is getting worse. The government’s hypnotic mantra of “don’t worry, be happy” has stopped working…despite the best efforts of the MSM.

    People are losing their jobs and the assistance money isn’t even covering the minimal necessities. The dollar buys less today than it did last month…never mind last year. Avid coupon users are finding that grocery chain stores are implementing more limitations for coupon use. Growing numbers of people are finding it difficult to make their dollars stretch to the end of the month. Many are just not making it.

    Ever see a horror movie in slow motion? It’s more annoying than scary. People even laugh at the strangeness of what they are experiencing…until the film speed is properly adjusted. With sudden clarity of sight and sound comes the full impact. People stop laughing.

    The economic implosion is gaining clarity. The impact is intensifying. Fewer people are laughing at the notion of collapse.

    Prepare and pray.

  • sbenard

    Pollyanna is well today, thank you!

    Wall Street has a Pollyanna complex. It is so drunk on Fed money printing that there is no perception of reality or risk any more. The Fed has been throwing a Pollyanna Party now for three years.
    But we can only defy the laws of sound economics for so long. The day when the devil must be paid is not far distant — perhaps 2-3 years, tops. When that day arrives, we will see a vicious sell-off in the bond markets, a collapse of all entitlement programs, and a depression the likes of which none of us has ever seen.
    We must therefore plan and prepare accordingly!

    Thanks for the 20 questions. I’ve printed them out to regularly review and memorize for any conversations with those who are deluded enough to believe the propaganda.

  • jayoh

    soon the lower end jobs will be the vast majority…….

  • Gary2

    80% of Americans own about 8% of the wealth. American Dream? Well it seems to me the reality is anything but.
    As the late George Carlin once said, “ It’s not called the The American Dream for nothing, because you have to be asleep to believe it”

    TAX THE RICH HARD_SPREAD THE WEALTH

  • Gary2

    Michael-you must have censored my prior post about conservative policies and the republican politics being a cancer that has slowly destroyed this country and is the cause of everything that is wrong. I truly believe this.

    The constant focus on “me me me” that the republican ayn randian followers espouse are what is wrong with this country. We need a “we we we” focus as there is no such thing as a self made man/woman and the sooner this is realized the faster we can get our country to recover. People build on the success of others whether it is gov or private. Unless we all succeed none of us really succeed.

    • Michael

      Gary:

      Nope I haven’t censored any of your comments recently. I always enjoy reading your comments. Are you sure it was posted? I don’t remember seeing it.

      Michael

    • Colonialgirl

      IF you think it was the Republicans, then you have a major brain problem as well as a lack of ability to recognize reality. The Democrats have not so slowly been responsible for the destruction of this country with their idiotic “Wealth Redistribution” plans that take money from hard working taxpayers and hand it out to the low lifes and lazy slugs not to mention handing it out to those that supplied them with big campaign donations. Yup, I’d point at the Democrats and some RINO’s as being at fault.

    • BigM

      [quote]Michael-you must have censored my prior post about conservative policies and the republican politics being a cancer that has slowly destroyed this country and is the cause of everything that is wrong. I truly believe this.

      The constant focus on “me me me” that the republican ayn randian followers espouse are what is wrong with this country. We need a “we we we” focus as there is no such thing as a self made man/woman and the sooner this is realized the faster we can get our country to recover. People build on the success of others whether it is gov or private. Unless we all succeed none of us really succeed.[/quote]

      Boy Gary, you ARE lost and obviously a Liberal at heart. Pretty sad way to think of how things should be. You know what your statement lacks for those who do have their hand out??? Incentive to be someone.

  • richard Allen

    The recession is over??? huh?

    Ive been turned down for 5 jobs in the last 3 weeks because i am “overqualified”

    Employers have a once in a lifetime opportunity to hire a smart person for the same price as a Moron, and they still say get lost!

  • McKinley Morganfield

    Its all a huge mass of swollen, grotesque bubbles folks. The DJIA is climbing because Bernanke has been pumping cash into the big banks at extremely low interest rates and the banks then turn around and invest in the market via hedge funds and derivatives. The housing bubble of 2002-08 has not fully deflated (yet) as again Bernanke keeps blowing air into the balloon with a million tiny holes. However, the most dangerous bubble of all is the US debt/deficit bubble which Bernanke and congress continue to inflate. This is the crisis that will soon dwarf all other issues. When it pops the entire world will change and The Great Depression will look like happy days are here again.

    And, I’m not paranoid. ;-)

  • mondobeyondo

    “There’s something happening here
    What it is, ain’t exactly clear
    There’s a man with a gun over there
    Telling me, I’ve got to beware…

    Stop, children, what’s that sound?
    Everybody look, what’s goin’ down”

    “For What It’s Worth”, Buffalo Springfield, 1967

    ——–

    Looks like history is about to repeat itself…

  • morpheus

    Most of us are aware the country is sick. The president and media can only hide so much. The people know, because they actually have to live it. So we know. The real problem for us though, is the sheer depth and breadth of our problems. How do they wrap their heads around it. Some of us just tune out. It’s easier to block it out than to deal with it. You remember when you where a kid and you covered your eyes when you saw something scary. That’s how a lot of us cope. I don’t blame them because lets face it; these are only the problems we see and understand on the surface. What about the problems we can’t see or understand? Never the less, we have to get our heads out of the sand and face it. To remain a great country, we have do great things.

    Wake up America! It’s time… “Join the Revolution”

    Don’t expect change when you’ve done nothing.
    Read “Common Sense 3.1” at ( http://www.revolution2.osixs.org )

    “Spread the News”

  • mondobeyondo

    We did it before, and we can do it again.
    If the people kept the same spirit and will that we had during WWII, or the days just after 9/11, we could solve our problems overnight.

    But do we have the will?
    No.

    Just after 9/11, the spirit of togetherness was strong. American flags everywhere. Promises to help each other through anything, no matter what. Congress even got together to sing “God Bless America” on the Capitol steps. Red, white and blue ribbons on pick up trucks, minivans and SUV’s everywhere. American flags on their antennas. “Support Our Troops” magnets on the bumpers.

    Nearly 10 years later, it’s back to squabbling over a measly $61 billion on Capitol Hill. People don’t care about their fellow man these days, or so it seems. And “God Bless America” is just another song they sing as the food vendor hands you a hot dog at the baseball game, during the 7th inning stretch.

    I thought the after-9/11 spirit would last, I really did.

    Does it have to take another 9/11 to wake people up again?

    “When will they ever learn?
    Oh, when will they ever learn?”

    (Don’t ask me “where have all the flowers gone”…)

  • BigM

    If only I had my “Obama Money” I could prepare my bug-out bag, stock up on food, buy a getaway house somewhere deep in the woods.

    But as it is, I’m like most Americans…just a self-employed mid-age guy trying to keep his head above water, keep food on the table and keep my house at this point. :(

  • Troubled Waters

    Dear foreigners
    You who are reading these stories about the United States economic collapse.
    As an American I can tell you all of Michael’s stories are well written, factual and not exaggerated.
    The economic conditions in the north east are masked by excessive business activity.(NYC, NJ)
    when you peal away the busy highways and industry (whats left) you can see clearly the desolation that 2008 collapse has left in its wake.
    If you are thinking of moving your family here from another country do not, I repeat do not. It is as bad as they say, maybe even worse.
    Americans are trying to get out before the total collapse.
    Our pentagon is war training in preparation for massive civil unrest and total societal collapse.
    God bless all of you.

  • Gary2

    Michael-come to think about it when I did submit that comment it seemed like the web site/my computer “blinked” (for lack of a better tech term)but it showed as pending. Computers are great…when they work.

    Sorry I thought you censored this.

    Gary2

  • http://none gary

    Even after $3 Trillion in stimulus, only a half million jobs have been created. Unreal

  • 007

    And the real bad news is we all had better hope this sorry state of the economy holds together as long as possible.

  • 007

    Tax George Soros, Howard Dean, AL Gore, Ed Shultz, Obama, Biden and Rachel Maddow hard. These hypocrites are not paying their “fair share” while insisting everyone else pay more. They take advantage of every deduction and screwy credit they can find. They shelter their money through bogus foundations. They admit they should pay more tax yet they will not voluntarily pay it to the IRS. Until they pay their “fair share” and contribute their money first, I don’t want to hear any more of this tax the rich crap.

  • Sean

    The same in many country.
    A critical time of the world is around the corner.

  • Jerry Parker

    Keep it coming, Gary! As to any U.S. “recovery”, I suspect that such is day-dreaming. I’m all for open discussion, from any standpoint, of the issues. If the U. S. of A. does not change its militaristic/mercenary, pro-zionist, imperialist mentality, it is better that the U.S. NOT recover. The world does not need such a wealthy tyrant again.

  • Ken

    Gary:

    Why it it that America became successful before the Progressive movement ruined our country with big govenment in the 20th century. Inflation and debt all occured during that period. People came here for a chance at success. You feel govenment should guarantee people success which is a pipe dream. Why don’t you go live in Cuba, Venuezuala or North Korea. Western European Socialism is failing before our eyes. Why do you progressives admire brutal dicatators like Castro, Chazez, Mao, Stalin? Captialism isn’t perfect but works better than any other system, but what we have is an perverted crony captialism. I’ll take indivdual freedom over collectivism or statism any day

  • http://www.pathtoasia.com rhea

    We have growth in the one hand, however small, and increase in unemployment on the other hand. Is this not a case where the poor is getting poorer while the rich get richer? We need jobs for the poor, not more money for the rich. Whatever policies lead to this is not working.

    We help you find jobs in Asia – http://www.pathtoasia.com/ and in the USA – http://www.jobwaltz.com

  • Beau

    Hey Gary2,

    You have been listening to too much hog-wash. Self interest is what motivates everyone to do everything. Remove it and you have the “gimmie because I deserve it” society that government is promoting today. It is a parasite that lives on those who do. Also, nobody ever does anything totally on their own. The “self made man” concept is largely just a myth and a deception used to puff up someone who has a large ego. It is invalid. If there is a responsable party to our problems, it is both parties and the voters too. Everyone has had a hand in the trouble created and finger pointing is useless. If any one of the three “responsable” parties had been doing the right thing, we would not be where we are today.

  • 21st Century Plutocracy

    Ken, you are aware that America’s greatest ecomic expansion occurred under FDR’s policies and a 70%-90% tax rate, yes? There was no such thing as a middle class before this, the US was simply a plutocratic oligarch.

    Ever since FDR’s policies were removed and the top taxs rate was lowered it’s been bubble after bubble (1991, 2001, and now).

  • Jay

    I talked to a neighbor yesterday who is just certain that the price of housing is about to go up because inflation is hitting and all the boomers are about to drop their load of cash that they have been saving up.

    Well, he’s partly right. Inflation is about to get much worse and the boomers along with everyone else are about to drop their load of cash. But to say that housing prices are going to rise with inflation? I don’t think so. And the boomers will be dropping their load of cash into a wheel barrow to buy food with.

  • Seeing betweent the B.S

    250K jobs were created last month (so says the lamestream media). They fail to report (as they AAAALLLLWWWAAAYYYSSS DO) that 62K of them were hired by McDonalds.

  • This is it

    You can come armed with facts but people living in delusion will argue you down!! I’ve gotten tired of trying.. Most do not want to know the truth and accuse you of being pessimistic! God help us!

  • cheryl grooves

    wow a lot of great stuff here. Just some food for thought. I have been floating around the web and see a lot of preppers, patriots, survivalists, bloggers talking about the collapse of the economy, TEOTWAWKI, shtf, etc. I believe any and or all scenarios are likely, but as millions of Americans talk about this,and prepare as best as we can for it(whatever it is) nobody is talking about what to do about IT. We the people… think if we all gathered peacefully in DC or signed petitions or found somebody not in govorment to run for president we could change, but change starts at home, our community and it CAN happen, nothing is too late, I am sure slaves never thought they could be free, women 80 years ago never thought they would vote, think of all the good that has happened for the courage of one person who dared to dream, took the risk of their own lives and possibly their families lives in pursuing a dream, people around these “dreamers” must of thought they were crazy, but they made a difference in millions of lives, changed history rebuilt our futures. Remember we are not Jewish, Hispanic, Italian, Japanese, etc…WE are AMERICANS, united we stand divided we fall…God Bless OUR nation and I hope that God will protect us from IT, do not lose faith and be of good courage

  • mondobeyondo

    I just wanna know..
    How many of you have paid your home mortgage on a wage from McDonald’s.
    Two wages (husband and wife).
    Three wages (hubby, wife and 17 year old kid scooping fries from the fry bin).

    Even after all that, you will STILL need more income.

    Don’t worry. Burger King is hiring.

  • mondobeyondo

    If you don’t like “American Idol”….
    change the channel. and watch “American Idiot”) Wish there was a “Green Day” link!!”

    Sometimes it’s hard to tell the difference.

    Just my $4.52 (inflation is rising! Hee!)

  • mondobeyondo

    Apologies for the typographical errors in my previous post.

    I had a nightmare that Ben Bernanke was chasing me in a dark room.

    What else can I say?…….

  • KaD

    #15: I gave up looking for a job because I don’t feel there is any hope. I couldn’t take a really low paying job before I got out of my apartment. After that my UI ran out (they never told me when it was going to end although I got a letter every time the tier changed) so now my credit rating is tanked because I have no income and no longer pay my bills. I can’t get hired because of my credit rating. Can’t pay by bills because I can’t get hired. Can’t go back to school because nobody will loan to me with a bad credit rating. Can’t afford a bankruptcy. WTF am I supposed to do to get back on my feet???

    • http://anyshazwanie.blogspot.com hanis

      kad: don’t give up… maybe this is a hope for tomorrow. ;) be patience..

    • JohnFromIreland

      @KaD

      Go back home to your parents if you have nowhere to stay, grow food – try to store dry foods and fish.

      This is not your fault, pray to God Almighty for help! My heart goes out to you and all the people suffering in the world because of the greed and corruption of the elite…

    • JLR

      KaD,
      I am in the same boat as you. Lost my job 2 1/2 years ago, received UI for a bit & then ended up moving where the unemployment rate is the highest in my state. Once my UI ran out I had no choice but to stop paying my bills & I certainly cannot afford to go back to school. Thankfully I have a wonderful man who keeps a roof over my head otherwise I would be living out of my car. Chin up, things will turn around. Keeping you in my thoughts & prayers. :)

  • Jay

    Cheryl Grooves,
    I agree with the idea of recovery starting at home, but change started somewhere else. Did you know that the next year after women got the right to vote that taxes more than doubled in this country? Did you know that it was primarily the womens vote that put Bill Clinton and BHO in office? I won’t address the slavery issue because there is enough blame to go around there already. But the fact is that we as a nation have all become slaves as a result of our poor judgment. We got suckered into the equal rights trap not recognizing it to be a trap set by our nations enemies. I know it is not popular, but as long as our nation keeps allowing the gullible female and homosexual population to vote in communists and other enemies of America, things will only get worse. Much worse. If you don’t want the truth, then complaining about the consequences will not fix the problem.

    • Mr Neutron

      Wow Jay – i’m sure you would also mind if we stop collecting tax revenue from all those ‘women and homos’ that you clearly have issues with

      is that ok with your myopic view of the world?

    • dn3s

      hahahahahahahah… oh wait. you’re serious. that’s… frightening.

    • Rob

      WTF – What are you saying that homosexuals and women are the reason that the USA is in the mess that it is in??? Think about the cost of going to war…did that put the US in a deficit, ask George Bush Jr and George Bush Sr. Think about the cost of having the military invade another country because ‘they may have weapons of mass destruction’….Wake up – homosexuals and women are not the cause of this financial disaster and meltdown in the USA – The individuals who don’t want to tax the rich and stop corporate greed are responsible. Stop being so ignorant and do something positive with your life – positive change comes from those who are willing to change themselves!

  • rufus13

    #13 Who will take care of them?

    A: BB’s will take care of themselves, their children will take care of them if their children enjoy their company, or they will die. Old people die pretty fast in camps where stress is high, even if the camp managers don’t poison them with lithium and junk food. I expect that “life expectancy” will decrease among Americans born from 1935-1955 faster than any other group (end of labor potential? Good bye.), while financial and political elites with access to good food/1st world infrastructure/medical care will continue living into their 80′s and 90′s very often.

    Sucks, huh?

    It doesn’t have to be this way, but it will be if the current program and programmers stay in place.

    Cheers.

  • rufus13

    sharonsj
    May 26th, 2011 at 3:14 pm · Reply
    “Well I guess I count as receiving money from the government, but mine is Social Security, which of course I and my employers paid into over the decades. SS is NOT an entitlement, by the way.”

    Sorry, you are mistaken. Congress can “adjust” SS payments however they wish. You have no vested property right to SS payments. NONE. The payments you made into the system have been stolen, first by LBJ then by every Administration since to balance or adjust budgets. The “IOU’s” allegedly held by the Social Security Administration are not the same as marketable Treasury Securities, but must be “cashed in” by the sale of new Treasury Securities at auctions, driving interest rates up and prices for bonds down. The buyer of first resort (since foreign buyers are not stupid) is now the Federal Reserve Bank, effectively inflating the currency until a fixed or COLA’d SSI check no longer pays for rent/heat/catfood. My question is “which will become worthless first; Foodstamps or SSI payments?”

    I expect military Base Pay (with Commissary access) to not be worthless for quite a bit longer than SSI or Foodstamps/EBT cards.

    Cheers.

  • Chris

    What we have today isn’t socialism or even communism. In fact it’s called fascism. The combination of State and corporations. Where as the corporations become the government and begin to make the laws.

  • David

    Dear KaD, and others who have lost faith in their life situation due to job loss, poor credit and no visible prospects for recovery. In New York 1990-1992 it was really bad. I could not buy a job, even working for free.

    My family and I lost our home, no job and we had 4 children and a credit score in the 500 range. However, we as a large family never went hungry. We ran an old junk car and somehow always had fuel and our needs met, kept the electric on too. You are not alone in these things.

    I encourage you to pray and ask God for help. When all the systems and nets fail, He does not.
    Eventually, we experienced great recovery. Now we have a paid for home today, very good credit, savings etc.

    I can tell stories of others who were provided for when times were at their darkest including the Great Depression. Hang on, do not lose hope. God is faithful. Get in touch with Him.
    We all need help to face the days ahead. I hope you find a place of rest in your struggle.

    • Rob

      Such a great and positive message….I believe that you must hang on to hope….whether that is hope in God, the universe or in the goodness of others – For all those people around the world who are struggling to live, look within yourself, quiet the mind and find the answers within you and through the universe or God and goodness will come.

      Thanks David for spreading good energy instead of doom and gloom!!! Love reigns.

  • Carl Jones

    The economic collapse was planned, and sure, things are going to get worse, but they have more plans…like WW3! Are you ready for the ride?LOL

  • Journalism R Spells

    1.The bank driven economic system are sucking the blood out of ordinary people through the process of usury and taxation. People are enslaved personally through threat of loosing basic necessities: food, shelter, health and education (mortgages, credit consumerism, insurances etc), while we suffer double-jeopardy of paying interests on corrupt government borrowing (to support the bankers) through taxation. Smarten up people, STOP BORROWING FROM THESE BANKS AND LOOK FOR LOOP HOLES TO AVOID PAYING TAXES. If we stop cooperating with them they will not be able implement their evil designs on us.

  • http://freshnewsin.com/stockmarket Carroll B. Merriman

    Interesting article. Were did you got all the information from… :)

  • http://www.writersnight.com Bob Baker

    Those of you who remain after the corporate state collapses, remember what happened. Do not build, or allow anyone else to build, another STATE on top of the ruins of this one. Institute government. Our constitution would have served liberty well, had it ever been implemented. The ideals were great, the concept was great, but it was never put into practice.

  • wyattearp

    The ECONOMIC CRISIS is just gettin STARTED! Democratic solution…everyone working for the GOVERNMENT…protecting the ENVIRONMENT! Most DIVERSE, least PRODUCTIVE work force in the HISTORY of the world!

  • Have2MakeHope

    Waiting for things to turn around is foolish as well as waiting until a larger portion of the public decides that their lives are in jeopardy. the majority needs to realize that people are more important then luxuries, profits and classes! our monetary system being manipulated by the most wealthy of us is all part of a plan to enlsave the majority. Which is what they have done but After the oil shocks of the 70s these elitist realized that the population was unsustainable and they would lose control of the masses if they ran out of resources so they decided to funnel up any wealth that enabled the masses to live. They knew this would eventually cause many to perrish and when the population comes back to sustainable levels they will reassess control over the planet with all the reserves they had saved for their restart.
    We are just useless eaters to these meglamaniac narcissists and they will kill off most of us one
    way or another! I don’t know about the rest of you but i’m not going to die of starvation, I would rather die in the fight for freedom. There are billions of people suffering right now and we can change all that. the untold 10s of millions of us truthers can start by informing the rest of the world to what evil our world is being tyrannized by, as well as whom is responsible, how they are doing it and why. We are all that stands against these most powerful world elitist. We must be willing to do whatever it takes, we have nothing to lose unless we let our fear take over our humanity.

  • h5mind

    The most effective, patriotic thing any citizen can do right now is refuse to support the utterly corrupt system “the banks and corporations have built up around us.” And I’m not talking about the one thin reed of your vote every four years.

    Starting immediately, stop paying mortgage, credit cards, car loans, etc. Use the money you save to buy yourself an older car outright, garden seeds, and food storage. That credit score you worked so hard to maintain will be meaningless if there’s no money to put food on the table this time next year, or if the dollar itself hyper inflates into Monopoly money.

    Most Americans have no more than three day’s worth of food on their shelves. How much do you have? Once the stock market crashes, then everything else will follow– prepare now. And to hell with the banks. They can’t repossess every home in the country.

    “We must all hang together, or assuredly we shall all hang separately.” — Benjamin Franklin at the signing of the Declaration of Independence

  • http://www.yesorganicfood.com Morgan Aldarondo

    Thank you for this wonderful source of information, keep it coming , peace

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