The Beginning Of The End
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20 Signs That The Economic Collapse Has Already Begun For One Out Of Every Seven Americans

For most Americans, the economic collapse is something that is happening to someone else.  Most of us have become so isolated from each other and so self-involved that unless something is directly affecting us or a close family member than we really don’t feel it.  But even though most of us enjoy a much closer relationship with our television sets than we do with our neighbors at this point, it is quickly becoming undeniable that a fundamental shift is taking place in society.  Perhaps you noticed it when two or three foreclosure signs went up on your street.  Or perhaps it got your attention when that nice fellow down the street lost his job, and he and his family seemingly just disappeared from the neighborhood one day.  The Census Bureau made front page headlines all over the nation this week when they announced that one out of every seven Americans was living in poverty in 2009.  Every single day more Americans are getting sucked out of the middle class and into soul-crushing poverty.   

Unfortunately, most Americans don’t really care because it has not affected them yet.

But this year, millions more Americans will discover that the music has stopped playing and they are left without a seat at the table.

Meanwhile, neither political party has a workable solution.  They just like to point fingers and blame each other.

The Democrats blame Bush for all the poverty and advocate expanding programs for the poor.  Not that there is anything wrong with a safety net.  But the “safety net” was never meant to hold 50 million people on Medicaid and 40 million people on food stamps.  The number of Americans on food stamps has more than doubled since 2007.  So do we just double it again as things get even worse?

The truth is that welfare programs are only short-term solutions.  Unfortunately, the Democrats do not understand this.  What Americans really need are good jobs.

The Republicans are so boneheaded that they don’t even like to talk about poverty because they think it is a “liberal issue”.  Some conservative commentators have even been so brutally cold as to mock the “99ers” (those who have been unemployed so long that even their extended federal benefits have run out).

Instead of showing some compassion and being the party of the American worker (as they should be), the Republicans are often very uncompassionate and they allow the Democrats to be “the party of the poor” by default.

Both political parties need a big wakeup call.  There is a tsunami of poverty sweeping the United States, and somebody better wake up and do something about it.  More handouts will help people get by in the short-term, but there is no way that the federal government can financially support tens of millions more poor Americans.

How long is it going to be before the “safety net” simply collapses under the weight of all this poverty?

The path we are on is not sustainable.

The economy is falling apart, and somebody better wake up and do something before even more Americans find themselves drowning in poverty.

The following are 20 signs that the economic collapse has already begun for one out of every seven Americans…..

#1 The Census Bureau says that 43.6 million Americans are now living in poverty and according to them that is the highest number of poor Americans in 51 years of record-keeping.

#2 In the year 2000, 11.3 percent of Americans were living in poverty.  In 2008, 13.2 percent of Americans were living in poverty.  In 2009, 14.3 percent of Americans were living in poverty.  Needless to say the trend is moving in the wrong direction. 

#3 In 2009 alone, approximately 4 million more Americans joined the ranks of the poor.

#4 According to the Associated Press, experts believe that 2009 saw the largest single year increase in the U.S. poverty rate since the U.S. government began calculating poverty figures back in 1959.

#5 The U.S. poverty rate is now the third worst among the developed nations tracked by the Organization for Economic Cooperation and Development.

#6 Today the United States has approximately 4 million fewer wage earners than it did in 2007.

#7 Nearly 10 million Americans now receive unemployment insurance, which is almost four times as many as were receiving it in 2007.

#8 U.S. banks repossessed 25 percent more homes in August 2010 than they did in August 2009.

#9 One out of every seven mortgages in the United States was either delinquent or in foreclosure during the first quarter of 2010.

#10 There are now 50.7 million Americans who do not have health insurance.  One trip to the emergency room would be all it would take to bankrupt a significant percentage of them.

#11 More than 50 million Americans are now on Medicaid, the U.S. government health care program designed principally to help the poor.

#12 There are now over 41 million Americans on food stamps.

#13 The number of Americans enrolled in the food stamp program increased a whopping 55 percent from December 2007 to June 2010.

#14 One out of every six Americans is now being served by at least one government anti-poverty program.

#15 California’s poverty rate soared to 15.3 percent in 2009, which was the highest in 11 years.

#16 According to an analysis by Isabel Sawhill and Emily Monea of the Brookings Institution, 10 million more Americans (including 6 million more children) will slip into poverty over the next decade.

#17 According to a recently released Federal Reserve report, Americans experienced a $1.5 trillion loss in combined household net worth in the second quarter of 2010.

#18 Manufacturing employment in the U.S. computer industry is actually lower in 2010 than it was in 1975.

#19 Median U.S. household income is down 5 percent from its peak of more than $52,000 in 1999.

#20 A study recently released by the Center for Retirement Research at Boston College University found that Americans are $6.6 trillion short of what they need for retirement.

How anyone can look at those numbers and think that things are about to “get better” absolutely boggles the mind.

It is time to wake up.

Things are not going to get better.

Things are only going to get worse.

The United States is rapidly becoming a nation where poverty is absolutely rampant.

As poverty continues to spread, crime will not be far behind.

Meanwhile, the international community wants to impose a global tax on us so that they can “redistribute” even more of our wealth around the world.

The following was just reported by CNSNews.com….

A group of 60 nations will meet next week at the United Nations to push for a tax on foreign currency transactions as a way to generate revenue to meet global poverty-reduction goals, including “climate change” mitigation.

Well isn’t that great?  As American descends into poverty, the rest of the world is pushing for a global tax that will drain us of wealth even more.

It is just a tax on foreign currency transactions, but history has taught us that once taxers get their foot in the door they always go for more eventually.

Sadly, it is not just the United Nations that is discussing a global tax.  In fact, the IMF and the World Health Organization have both been very open about the fact that they want to impose global taxes of their own.

Not that we aren’t taxed enough already.  We already pay dozens of different kinds of taxes each year, and 2011 is already being dubbed as “the year of the tax increase“.

But most Americans don’t have any more to give.  Most Americans can barely make it from month to month.  More Americans than ever are slipping into poverty. 

What a mess we have on our hands.

Do any of you have any suggestions for how we should go about fixing all of this?

  • PS

    “Not that there is anything wrong with a safety net”
    The literal and historic definition of a safety net was the net used under circus high wire performers to allow them to do death defying acts without actually dieing. Now we have the same for economic decisions. Take the net away, let them die an economic death then we can start over with the sane business people who don’t need a safety net.

  • Chris L

    To Biff:

    I was really touched by what you wrote. A solution for you is to come to Canada. Economy is still good here, were good, friendly people that care about each other. You can have a future here, move to Alberta where the oil sands boom is happening (cities like Calgary, Edmonton). I really hope America can solve its problems as it is a great country and friend, all the best.

  • http://www.nds-gear.com R4i

    While I agree with the sentiment of the article, I’m not 100% sure that just because somebody is on Medicaid that necessarily counts them as part of the poor – while that may be what the program was designed for, that doesn’t mean the poor exclusively use it.

  • http://www.reinkefaceslife.com/ reinkefj

    I think there are two things that can prevent TEOTWAWKI (The End Of The World As We Know It).

    One, we must redefine the money back to a commodity money. I think the easiest way to do that is to repeal the “Legal Tender” laws. Allow everyone the freedom to transact in whatever currency they wish to. Competition will supply the discipline.

    Two, we must end Gooferment education. It took decades to destroy American education; we need a transition plan back to “you had them; you educate them”. (I proposed a 40 year plan back in the Eighties during the NJ tax revolt days. If it had been adopted, we’d be almost done with the propaganda camps.)

    From these two actions, we’d turnt he Titanic away from the iceberg.

  • jj

    The preacher man says it’s the end of time
    And the Mississippi River she’s a goin’ dry
    The interest is up and the Stock Markets down
    And you only get mugged
    If you go down town

    I live back in the woods, you see
    A woman and the kids, and the dogs and me
    I got a shotgun rifle and a 4-wheel drive
    And a country boy can survive
    Country folks can survive

    I can plow a field all day long
    I can catch catfish from dusk till dawn
    We make our own whiskey and our own smoke too
    Ain’t too many things these ole boys can’t do
    We grow good ole tomatoes and homemade wine
    And a country boy can survive
    Country folks can survive

    Because you can’t starve us out
    And you cant makes us run
    Cause one-of- ‘em old boys raisin ole shotgun
    And we say grace and we say Ma’am
    And if you ain’t into that we don’t give a damn

    We came from the West Virginia coalmines
    And the Rocky Mountains and the and the western skies
    And we can skin a buck; we can run a trot-line
    And a country boy can survive
    Country folks can survive

    I had a good friend in New York City
    He never called me by my name, just hillbilly
    My grandpa taught me how to live off the land
    And his taught him to be a businessman
    He used to send me pictures of the Broadway nights
    And I’d send him some homemade wine

    But he was killed by a man with a switchblade knife
    For 43 dollars my friend lost his life
    Id love to spit some beechnut in that dudes eyes
    And shoot him with my old 45
    Cause a country boy can survive
    Country folks can survive

    Cause you can’t starve us out and you can’t make us run
    Cause one-of- ‘em old boys raisin ole shotgun
    And we say grace and we say Ma’am
    And if you ain’t into that we don’t give a damn

    We’re from North California and south Alabam
    And little towns all around this land
    And we can skin a buck; we can run a trot-line
    And a country boy can survive
    Country folks can survive

  • ken lusk

    Admiral Mullen just recently announced that the Pentagon spending is the threat to national security because it is funded by the Treasury bond proceeds which fund the Federal deficit and the debt is the threat to national security.A regression analysis of the Reagan initiated huge deficits and the simultaneous funding increases for the Pentagon/spy agencies explains our economic collapse.

  • Owen

    “For in one hour so great riches is come to nothing. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off. And cried when they saw the smoke of her burning, saying, What city is like to this great city! And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.”

  • Brian H

    Michael Engineer;
    Here’s something to plug into your circuit diagrams:

    Suppose the capital and operating cost of producing electricity was divided by 20? With deployment of the generators possible anywhere that twice-a-year servicing was available?

    It could, and may well, happen. The start may be within 4-5 years, and would proceed world-wide at warp speed.

    Check out focusfusion.org — the tech papers are all accessible at http://focusfusion.org/index.php/site/category/C30/ .

  • clarence swinney

    I want to cry as to what Democrats are doing to be dumbocrats.
    They are throwing the Middle Class to the Wolves (WSA)
    The numbers are available to attack the vicious Wolves(Wall Street Of America)
    PROOF
    1945 to Reagan each percentile gained almost evenly, percentages, in Income and Wealth.
    In 1980 the top 1% owned 20% of Total Financial(non-home) Wealth.
    In 1989 it was 36%.
    An 80% Increase for 1,200,000 Rich people.
    Reagan gave them a 60% Tax Cut. Plus Market growth
    Jobs. A decline from Carter. Carter created 218,00 net new jobs per month
    and Reagan got 175.000.
    Reagan had highest “real”interest rates since WWII.
    Average little over 1% since 1945 then 5% under Reagan and high as 8.5%.
    Home loan interest rates 10-14% in his first term.
    Student Loans high as 16%.
    High Interest Rates increase wealth of already rich
    They have the money to loan.
    Reagan + Democratic House hit the jackpot changing S&L Rules.
    400 local investors owned them. Loan only locally.
    Great history of helping local home ownership.
    Then, WSA Raiders were able to buy them.
    Michael Milken and his Horde of raiders took over.
    Use bank assets to buy/sell corporations. Close. Lay off.
    Raiders now multi billionaires. Milken-Perleman-Ichan-Jacobs now worth 10B each.
    Ok! I note all have similar religious names. So!
    Reagan huge increase in Military Spending enriched already rich owners of defense industry stocks.
    Then came 1994 Control of Congress by Republicans.
    In 1999, the repeal of Bank Law allowed WSA to take over our Banking Industry.
    Clinton admits he should have vetoed it. WSA Rubin-Summers Influence!
    Today, 10 Banks own 80% all Bank Deposits. Rich own those banks
    .
    In 2000, Republican Congress passed a Bill freeing WSA to open a new GAMBLING CASINO
    Called DERIVATIVES OF AMERICAN RICH CASINO.
    Clinton admits he should have vetoed it. WSA Rubin-Summers.
    Then 2000 to 2009 one of Worst Periods in our history. No deniable. Not spinnable
    PROOF
    2008-1% owned 3% of Total Financial Wealth
    80% or 120,000,000 owned 7% praise allah
    2001-2009—1% took 66% of Total Income Growth.. 90% got 10%. Wow!
    Praise Allah.
    DERIVATIVES TRUMP STOCKS
    Dow was 11,820 in 2000 and 10,700 on 9-21-10.
    S&P lost 30% of value 2000-2008
    JOBS—Praise Mohammed. Bush got 31,000 Net New Jobs Per Month
    Worst record since Hoover.
    WHY?
    Rich investors rushed to new Gambling Casino paying off
    big profits in short periods of time.
    Investments in stock past practice of creating new businesses, expanding current businesses and creating jobs.
    Housing Rush to Profit one of all all time Disgraces.
    Greenspan low interest rate and huge money supply.
    WSA Ten Banks loaded with cheap money.
    Please borrow was cry.
    Bad mortgages? Who cares! We will not get stuck.
    We just trade them as securities to suckers all over the world..
    Income $14,000 and wants $700,000 mortgage sock it to em..
    Bigger the mortgage bigger our profit.
    Toxic? Heck! Sell them to Fannie-Freddie in a bundle maybe they will not notice the toxics.
    BAILOUT
    700B Tarp?
    Ho hum! Dumbocrats sleeping to defeat.
    Bush committed 8500B in Bailouts in 2008.
    Republicans scream he took over AIG.Bush bought 80% of the stock in 2008
    Obama took over Fannie-Freddie?
    Bush took over 9-13-08
    First Bailout to Chrysler by Bush in 2008.
    details-google kathleen pender + bailouts
    The Republican Congress and Bush create our HELL ON EARTH
    Current.Future Deficits result of Three Wars—Bush Great Recession—Housing/Financial Volcanos.
    In 8 Years Bush increased size of government by 100%
    Cutting size of government? Up is down to those nuts
    Budget 1800 to 3600
    Debt 5700 to 11800
    Jobs 237,000 to 31,000
    Two horrid invasions of two of most destitute and unarmed nations on earth.
    Polls in major nations all but three said it is stupid to invade Iraq.
    Poland-Argentina-Israel
    In America, each major religion leadership said Dumb. Southern Baptist Nashville only proponent
    70% american said no no no..Pope said no no no.
    GHW Bush said no no no
    Bill Kristol and His Hebrew Imperialist PNAC said yes yes yes Most draft dodgers.
    In Sept 2010 Kristol said on a talk show we should build a larger military.
    I heard him say it and was shocked. Is he a nut or desiring the Rapture?
    I am in no hurry.
    Democrats act like dumbocrats.
    Nuclear Weapons to attack are easily available.
    Why so timid? Owned by WSA?????
    olduglymeanhonst

  • clarence swinney

    1999 and 2000 Laws created opportunities for WSA to become World’s Biggest Casino.

    Republican bills. Clinton admits WSA Rubin Summers
    influence and he should have vetoed.

    Bush neocon Free The Gamblers regulations.

    Disaster started 2000.

    1993 to 2000 were Great years.
    Biggest Market gain in history
    Each percentile gained in Income.
    Rich got super rich from market growth
    Jobs– Record number created.
    Above min wage starting pay
    Health Care costs increasing at 10% pr year in 1993
    Hillary plan got it down to 3% per yer.
    Bush let them go wild.

    Obama making mistake. Using WSA in control of our finances.

    Use Academia.

  • http://users.beagle.com.au/peterl P.M.Lawrence

    Mr Carpenter wrote:-

    … we should forget trying to save the Europeans and Brits from themselves for the 3rd time in 100 years, since they essentially deserve what they get; they apparently love to hate us for rescuing them anyway …

    I count not two times already, but one half: western Europe, 1942 to 1945, since the USSR did most of the work and kept most of those they saved, and since earlier US intervention ended up being too little and too late to make any difference – apart from a place at the peace talks that ruined the peace. And, of course, the USA deserves no gratitude for what it did do, since it went all Indian giver and took away many of the things Europeans had had (particularly, it put onerous conditions on Britain and France, and ruined the Dutch empire).

    mondobeyondo wrote:-

    Perhaps the best option is to grab a passport before they charge $250 for one, and get away. England, Sweden…New Zealand…Argentina?!

    England does not issue passports, as it is not a sovereign state. However, the UK does.

    Michael Engineer wrote:-

    If someone lives in the desert in Phoenix and wants a piece of corn how exactly does he get one? Well in reality, he is dependent on a far off farmer in someplace like Iowa who has enough gasoline to run his tractor to plant, fertilize, and harvest his crop. Then a truck driver needs enough gasoline to deliver the corn from Iowa to Phoenix. If there were no gasoline, then it would be very, very, difficult for someone in Phoenix to get any corn from Iowa. Even if you could print billions of new dollars in Phoenix, it wouldn’t get you any corn without a tractor running on gasoline in Iowa.

    No, actually. It is quite practical to run farm power equipment off gasifiers burning crop waste, running the ash through settling ponds that grow nitrogen fixing plants to give “green manure” for most fertiliser needs (or you could just use peasants and draught animals, as Russia did before the Revolution – but you’d probably need immigrants for that and there might not be enough land to support the increased population of people and animals, since it is unlikely that enough current residents would want to take up that lifestyle)). Transporting the crop is far less practical with this or other biofuel approaches, because of the logistics, but the actual production is a non-problem.

    jj wrote:-

    … Country folks can survive / Because you can’t starve us out / And you cant makes us run / Cause one-of- ‘em old boys raisin ole shotgun / And we say grace and we say Ma’am / And if you ain’t into that we don’t give a damn …

    Oh yeah? I’d bet that’s what the wealthier and harder working Russian peasants with a bit more land than usual thought too, until Stalin dekulakised and collectivised them (Lenin had already effectively disarmed them, by beating their side in the Civil War or by tricking them into coming on side with him – registered weapons and all, no doubt).

  • Laurie

    There is a peaceful way of ending tryranny imposed upon the people by a sick greedy evil it is called “NONCOMPLIANCE” when WE the people stop complying and believing in their evil horrendous lies for evil cannot tell the truth…they fail…STOP supporting the insanity of it all…we give power through compliance of this evil agenda and we can take it away just as easy…

  • Tom

    Republicans dont just hate hispanics and gays, they also hate the middle class. They want the rich to pay no taxes and to reduce the middle class to the working poor.

  • ecofeco

    All I have to do is read some of the posts here and realize that nothing will be fixed because the majority are hopelessly uninformed and divided.

  • http://pauca_lux_ex_oriente.blogspot.com Bernard Brandt

    Do any of you have any suggestions for how we should go about fixing all of this?

    Why, certainly.

    In the spirit of the late George Carlin, who said: “My job is to think up goofy stuff.”, I propose these Ten Commandments as ways of fixing all of the problems mentioned above (and sorry for the rather crass way I’m doing so, but think of it as a 2 x 4 to get one’s attention):

    1. Start making stuff.
    An economy works by producing goods and services, and exchanging them with one another for things of different value. Our economy is tanking because not enough people are making things of value. It will get better when more people start doing so. So, start making stuff, already!

    2. Start doing stuff.
    “Services” are when people do things for others in exchange for things or goods of value. It is the other half of that phrase, “Goods and services” mentioned above.

    3. Start helping out with stuff.
    In addition to making goods and services, free men and women in this country did a lot of volunteer work that helped build this country. I believe that some 19th Century Frog by the name of De Tocqueville had something to say about this. Our recent failure to do this in local, state and federal government has allowed a bunch of creeps, nuts and flakes to take over. If you want to rebuild this country, helping out might just help us all out.

    4. Start teaching stuff.
    Because we allowed those creeps, nuts and flakes, among many other matters, to take over the schools, we have a largely illiterate, innumerate, and just plain pig ignorant society. Anyone who can actually teach people stuff would be doing a great and wonderful service.

    (Oh, and by the way, just to show that I am putting my money where my mouth is, as I have been afflicted with a law degree, I have begun updating Sir William Blackstone’s Commentaries on the Laws of England, and I will be putting it online, for free. )

    (By the bye, Blackstone’s Commentaries were the text that helped teach the basics of law to the Founding Fathers, to the Pioneers, and to such as Abraham Lincoln. I believe that its disuse in the 20th Century, and the subsequent monopolies of the ABA and the Harvard Law School method of teaching law, are at the base of the rot in modern law.)

    5. Start trading stuff.
    If you don’t have the cash to buy stuff, start by trading it with stuff that you have made or can do or can teach. There are plenty of online places where you can do this, either for cheap or for free.

    6. Stop taxing stuff.
    I know, I know: it’s those creeps, nuts, and flakes of either party that have been doing that for decades. But start taking charge. YOU have been voting for those guys, or just not getting involved, and letting them get away with it. Try voting for, or helping out, or becoming yourself, the sort of person who will both say they will stop taxing stuff, and who will do what he or she says she will do. It would be a start.

    7. Stop regulating stuff.
    See #6 above. As one example of my maxim: “Observe locally, grouse globally,” I have a friend who works around the corner, an Armenian from Lebanon, who tried to open a Lebanese restaurant. After following L.A.M.C., Cal and Fed OSHA, and other state and federal requirements, he had put more than $100,000.00 into his new place. The local economy is making it difficult for my friend to get out from underneath this debt. To quote that eminent philosopher, Will Smith: “That just ain’t right.”

    8. Stop talking stuff.
    In this context, the “stuff” I am talking about is a word of four letters, beginning with “S”, ending with “T”, and usually emitted by rap artists, congresscritters, and other more-or-less animate critters.

    If you are pointing fingers, engaging in the blame game, doing an “I’m right, you’re wrong” spiel, without offering an alternative or a plan, you are officially “talking stuff”. Please stop. Even if you are right, and what you are saying is true, but if you are not offering at the same time a solution to the problem, stop it. Right now. What you are saying merely falls into the category of what the late Robert Adams called: “True, but unhelpful.” That means you commentors here, too.

    9. Stop believing in stuff.
    By “stuff” can also be meant “stuff and nonsense”. Like the idea that piling regulation upon regulation, without emphasis on who is going to enforce the regulation, will do the least bit of good. Or that the government is the solution to our problem. From where I’m standing, both appear to be the causes of such problems.

    10. Stop voting for stuff
    If someone says that he or she is going to change things, without telling what he or she is planning on changing, or that they are working for a bill that they have not read, or that they are going to cut taxes and regulations, but are not telling you what they are going to cut and why, THEN DON’T VOTE FOR THEM! It’s just that simple.

  • some user

    “What a mess we have on our hands.

    Do any of you have any suggestions for how we should go about fixing all of this?”

    END THE FED. ABOLISH THE IRS. FORCE POLITICIANS TO SERVE THE AMERICAN PUBLIC, NOT THE INTERNATIONAL BANKERS, HEDGE-FUND MANAGERS, AND CORPORATE OWNERS. POLITICIANS ARE MERELY PUPPETS TO INTERNATIONAL BANKERS & CORPORATIONS (CURRENTLY). THEY ARE SUPPOSED TO BE PUBLIC SERVANTS.

  • ΔИθᴎЎϻɸᵿƧ

    Bernard Brant (from 3 years ago) is correct. We need to: Start making stuff, start doing stuff, helping out with stuff, start teaching stuff, etc. We also need to stop doing all the stuff that is destructive, such as regulating and taxing stuff. In other words, not only end the Federal Reserve Bank, but put an end to governments as well, at every level. It’s high time we realized that governments always fail at whatever they try to do. No matter their benign intentions at their beginnings, they always find a way to throw off their limitations and do whatever they want to do, by law and by force if they deem it necessary, and always at the expense of their subjects. No one has the right to arbitrarily kill, so no one can assign anyone else that right, including a group that calls itself “government.” Government today is our most dangerous superstition, just as the Church tried to make everyone believe that the Earth is flat and that everything in the Universe revolves around it, 500 years ago. Too many people today believe that governments are necessary, but they are not. Communities of people know the difference between right and wrong, and we are smart enough to know how to oust the wrongs in our communities without government. Use a medium of exchange that cannot be inflated, such as bitcoin, or use barter. Anarcho-capitalist communities can use voluntary services to provide what people cannot get for themselves. Laws and ordinances can be written that everyone would have to unanimously agree with, or agree with before moving to a community. There are many ways that people can live peaceably and securely without government, and without exposing themselves to the evils of humankind.

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