The Beginning Of The End
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The Mystery Of The Shemitah

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?

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  • CJFYuma

    There wont be a political solution to this “mess” we’re in – at least in my lifetime (currently 50 years old). We have become an overpopulated, culturally, and politically “balkanized” nation, which is headed for third world status. There are no jobs because the multinational corporate elites seized control of our economy, and government, a long time ago. American workers are no longer needed by these corporates who profited from the rampant consumerism that bankrupted the middle class, and working classes.

    I say “abandon ship”, and prepare the lifeboats. I agree, the economic state of affairs will worsen dramatically, and rather quickly, until American society collapses altogether. Remember this: There is “NO” democratic, political solution. Our democracy has already died. Cause of death on the death certificate reads “moral decay and corruption”.

  • http://none joe

    no I don’t have any suggestions. We’re screwed by the elite banksters!

  • CJFYuma

    I believe there wont be a political solution to this “mess” we’re in – at least in my lifetime (currently 50 years old). We have become an overpopulated, culturally, and politically “balkanized” nation, which is headed for third world status, and is impossible to unite for the common good.

    There are no jobs because the multinational corporate elites seized control of our economy, and government, a long time ago. American workers are no longer needed by these corporates who profited from the rampant consumerism that bankrupted the middle class, and working class. The multinationals subsisted on the middle class to consume what they produced in third world nations by cheaper foreign workers who took away the same middle class jobs m the middle class depended on to keep consuming! Now, the game is over for the American consumer because his job was “exported”, so all that’s left in our depressed economy are multinationals who both produce and sell their widgets to “emerging growth nations”, and their “emerging” middle classes.

    My solution is “abandon ship”, and prepare the lifeboats. By this, I mean prepare to do what is necessary to become self-sufficient, and self-reliant, during an imminent U.S. economic collapse. I agree, the economic state of affairs will worsen dramatically, and rather quickly, until American society collapses altogether. Again, I emphasize that we can’t wait for a democratic, political solution at this point. Our democracy has already been dealt a mortal wound. Cause of death on the death certificate reads “moral decay and political corruption”.

  • Concerned Reader

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

    There are three solutions to this problem and I am almost too affraid to mention them, but I will do it any way. Here are the solutions:

    A world wide revolt against the elites from the world’s lower classes and even those of America. Think of it similar to what is going on in Europe right now, but on a scale much larger than you imagine.

    Secondly, we could have another world war. This third world war would have the benefit of diminishing the world’s population enough that competiton for scarce resources deminishes. Also, most of the nations that we owe money to such as China and the middle east would be destroyed and therefore we would not have to pay them back the money we owe to them.

    The third and final solultion is to just lay down and let the elites have their way with us because there is no escape from their grip. At this point we would just be their slaves and do their bidding at their every whim. All of our rights and privaledges would be gone.

  • JanB

    1.Cut war deficit spending by ending wars and repatriating the military from foreign bases

    2. Use the military as emergency work force to create the conditions for production that is useful both at home and abroad (export) – think renewable energy projects

    3. End all “free trade” treaties if just because “free trade” is a hoax (like the ban plus bogus war on drugs shows beyond doubt)

    4. Introduce “fair trade” and “fair income” policies so an inhabitant of an icy climate isn’t at an economic disadvantage with someone living in a subtropical region

    5. Develop the foundation for a sustainable economy, which means maintaining an environment that can support human life despite variation in solar cycles, huge volcanic eruptions etc.

    6. Bring the fat cats who manufactured the economic collapse to justice and confiscate all their possessions as preemptive punishment

  • Gary

    Tax the rich and spread the wealth. Lets not continue our slide into a banana republic (bra).

    What good will it be to be rich when you have to live in fear behind gated communities because the formerly middle class have to lower their standard of living so you can still be rich? I would not think twice if I needed to feed my 4 children of getting your wealth anyway I can. I will never watch my children suffer so you can have mansions all over the world.

    Read David Degraw at http://www.ampedstatus.com

  • http://themonkeeswrench.blogspot.com/ Richard W. Posner

    We have only a little more than two years to prevent the total destruction of America. We were promised change. We were lied to. Again. The only way the change will come is if we make it happen.

    We’ve done everything we could think of to get the message to our “government”. What we have failed to understand is that we no longer have a government. It has been privatized. The Senate, House, Judicial and Executive branches of the former government of the United States have all been purchased by special interests. Very nearly every member of every branch is merely an employee of those interests, not a representative of the people of America.

    The one thing we haven’t tried is the one thing that will work. Solidarity and money. Unity with the right purpose will allow us to beat those special interests with their own weapon; debt-based commodity currency.

    Donate to the Green Party.

    Check out their monetary reform plank.

    Donate to the American Monetary Institute.

    They have been trying to pass monetary reform legislation for years.

    These are the only organizations focusing on the disease rather than the symptoms. They are now working together and have the requisite expertise, personnel and access to the political process. They are already on the inside and the overthrow of the plutocracy will have to be an inside job. The only thing they don’t have is the funding they need to fight the system.

    There is only one weapon that can successfully combat the plutocracy and that weapon costs money. If we provide sufficient funding for the two organizations named above, they will be able to beat the profiteers at their own game.

    The consumerist marketing machine, which is used to sell the status quo, cannot be defeated by reason, logic or argument. It can only be beaten by a better marketing campaign. The only way to acquire air time, print media space and internet advertising is to buy it. The only way to buy it is with the currency that is in use at this time. If we adequately fund the Greens and the AMI they will be able to buy the marketing solutions needed to outsell the competition. It’s the only way.

    Don’t shrug your shoulders and say there’s no chance for a third party. As long as you succumb to that attitude you’re creating a self-fulfilling prophecy. Stop being defeatist and get to work. Democracy only works when the people participate.

    You have the internet. You probably have Facebook, Twitter and who knows what else. You have a phone and you have a voice. Use every resource at your disposal to get everyone on the same page. It’s past time to put aside all irrelevant disputes and focus on saving our country before it’s too late. And we don’t have much time. If things continue on the present course, the 2012 election will slam the door on Freedom and Democracy once and for all. I am working on single page fliers suitable for handouts, windshields and mailbox stuffing. I will send them out to everyone I can via email as soon as they’re ready. We must become a real grassroots movement that does something more than spout hatred and vitriolic slogans.

    We have been robbed and beaten by banks and corporations for far too long. If we don’t give a little of what we have left now, we will soon have nothing left to give. We’re headed for the tunnel at the end of the light.

    I’ve been studying this intensely for the past twelve years. I swear to you, fundamental monetary reform is the only thing that will make any other change possible. As long as the control of the banks and monetary system are in private hands, no other progress is possible.

    If only one million Americans give just one dollar to each of these organizations, that’s a million dollar budget boost for both. What would you give for your Freedom? If word can be spread around the world, who knows how much can be raised?

    Please people, come together. Give a dollar to the Green Party and a dollar to AMI. You can change the world for less than the cost of a cup of crappy Starbucks coffee.

  • mbabsit

    A number of persons here will not believe this, but I used to be DESPERATELY poor. Because of reverse discrimination, I was not allowed access to higher education, to a good-paying job, to buy a home. All of that was reserved for minorities by the libtards, who felt bad because they had it so good, and because the minorities stupidly believed they were getting something when they were really on the plantation.

    My heart goes out to the poor, especially then NEW POOR, those middle class who have lost all because of a flap-eared fool in the WH.

    So, what does this conservative who’s “been there, done that” do? I give 10% of what I EARN to local charities, those who can do the most good. To those libtards, socialists, and communists reading this, I strongly SUGGEST you stop thinking about your selfish selves, put aside your wine and cheese, and GIVE. If I can, so can you. I really wish I can do more, like HIRE SOMEONE instead, but less spending of disposable income means less sales on my end. SO COME ON YOU SELFISH LIBTARDS, GIVE!

  • VegasBob

    From the post: 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.

    I must have missed something. What wealth is the international community talking about? The US isn’t wealthy anymore. We are bankrupt. The US is the biggest debtor deadbeat in world history.

  • Maria

    My thoughts are not on how we fix anything that’s rotten. Life in America as it was is OVER. Stop the bailouts, TARP, QE, and all the last ditch efforts. Save the “Hail Mary” passes for football where it doesn’t cost everyone over a trillion dollars if the pass is dropped. Let the “too bigs” die already.

    I am thinking only of how we will begin rebuilding America. Those of us who do survive…

    Will we keep the same political system which has proven to us its vulnerabilities?

    Will we keep the same monetary/economic system with all of its inequities?

    Will we continue supporting the same entertainments which have marginalized our family values?

    Will we continue sending our children to schools unable to educate, but willing to indoctrinate our children?

    The list goes on…

    I know one thing. Procrastination is no longer an option. Our proverbial chickens are coming home to roost, and I think we have a bunch of foxes in the hen house.

    Whose job is it to make sure this country runs effectively, efficiently and honorably? CONGRESS. Whose job is it to hire the right men (or women) for the job? OURS.

    I say we start over. Kick out every stinking rotten egg in Congress. I want to see some ideological John Does or Mr. Smiths in Washington! Put some people in “the House” who will work for us…and just U.S.

    Get rid of the electoral college…that’s a rigged system. If every man’s vote counted, then every man might just vote!

    Then, maybe, we can finally begin to build something our children will be proud and happy to inherit.

  • thomas

    I read your blog posts often but one thing strikes me. You are very concerned about peoplese wellfare to the point that as you correctly say we have to get together and do something. Just like socialists. But on the other hand as soon there is a word about taxes you say it is the devils invention and they should all go away. But i dont understand, how will you make people better off without collecting taxes and redistribute the wealth? In other words, how will that man on the street that has no job today get on his feet without some government help? Isnt this where taxes come into place? It seems like you are two headed and want to keep as much money for yourself and in the same time no one shall go hungry. I dont get how this works.

  • http://www.ecolnomia.tk minosabe

    Ok, you’re describin a reality. But where’s your advice to fix all this problems and drive the US to the wright way?
    Hope your solutions didn’t involve the 7000 milion people in earth that deserve a redistribution of richness from rich countries to poor countries.

  • Not so Mad Max

    This is a timely article last night I had a long talk with a close family member. She lost her job has three kids and has been it public assistance. She tells me it has been a nightmare documents getting lost, a ton of other issues the safety net is showing signs of cracking.

    On the subject of the Democrats and Republicans one can’t seem to understand that taking money from the productive part of the economy and give it to the unproductive part of the economy eventually you reach a point where capital flees or simply stops producing. The Republicans don’t understand not everyone can run their own small business most small business fail in the first few years, many people simply don’t have the mind set the skills or the resilience.

    Neither understands that globalization has gutted the economy, education has not kept up, too much money had been blown stupid wars, badly run government programs, and too many people expect a middle class life style simply because they’re an American. The United States was never designed to be an empire the American People don’t like long wars, the commercial classes are to short sighted, the political class doesn’t have the skills.

    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.
    The above comment just proves the global elite are just a bunch of delusional fools. How many hundreds of billions have been “invested” in poverty reduction? Pakistan one of poorest nations on earth spent billions on Nuclear weapons. Africa is a basket case of corruption, mismanagement, it’s own elites fighting wars just to line thier own pockets. Anybody sees poverty reduction? Climate Change what a crock.

  • http://www.danielrevelationbiblestudies.com Robert Stout

    Good morning,
    You personally write some very interesting articles of which I enjoy very much!!! I’ve been a serious Bible student for many years and according to Bible prophecy, the USA and the rest of the world will not ever be able to recover from all these critical problems with the economies of the world. Our present government has taken America and have turned it into a third-world country very fast. After listening to many tea-party activists and other top professionals in the field such as Rush Linbaugh, Glenn Beck, Alex Jones, our world has now passed the point of no return. The American people are just about to the place where a Revolution may in order!!! The only person that can fix all of this is Jesus Christ, the Son of the living God. Just take a look around you, no man can fix our current problems, because there are too many to list!!! Time is running out for America and the rest of the world. Thank you for your attention in this serious matter!!!

  • bob

    Capitalism is 400 years old ancient economic system . No effective resource allocation.( palaces and megayachts for the rich , military spending , domestic spying ) No democracy in making important economic designs. Very sad. There is ability and means for everybody having decent life.

  • http://theafricanamericanclarioncall.com Greg L

    There is no government fix for any of this and the best they can do is ameliorate the pain for now. The people will need to move in another direction and that means moving away from the things that control and expose us to the vagaries of the economy. I often think of the Amish people and how unaffected they are by any of this. For the most part, they live off the land and very simply. Whatever the larger economy does has a muted effect on them as they’re not as “tied in”. They are in the position that most of us need to be in. But that’s a two edge sword as well, because as we free ourselves the economic and political overlay that created this mess loses its fuel and collapses on its on weight. That’s not the worst outcome in the world for it.

  • terrymac

    The problems in America are very real, but this article suffers from serious defects.

    One: numerous stats about the number of people in poverty are quoted, but nowhere is “poverty” defined; there are some issues with the various definitions used.

    Two: “only one emergency room visit away from bankruptcy” is scare-mongering; most emergency room visits are for moderate problems, not huge problems.

    This article simultaneously bemoans the rising number of people on Medicaid, a program designed to provide health care to the poor, and suggests that Medicaid ( or something like it ) should cover even more people. Is the rising number of people dependent upon government for medical care a plus or minus?

    I’d suggest several areas for solutions. First off, the big picture: the crisis of today is not due to Keynes’ “animal spirits” – it is an inevitable result of the irresponsible creation of money out of thin air which preceded it – which was meant to paper over earlier problems, such as the dot-com crash which in turn was caused by a similar bout of monetary expansion. In short, the Federal Reserve Bank’s inflationary policies are poisoning the economy and must be stopped.

    Second, with respect to medical care: government intervention is causing many, many problems. First off, there are 50 state cartels created by state regulatory agencies. A person who lives in Pennsylvania can’t buy insurance from just anybody, but only from a few firms licensed by Pennsylvania; the same for the other states. We’d be better off shopping across state lines. We’d buy health insurance differently if it were not tax-exempt; we probably would not buy the “every sniffle is treated for free” model, and we’d be smarter shoppers, if not for the tax exempt status of employer-provided health care.

  • David

    Its as clear as can be: for forty+ years we have tried decreasing taxes on the wealthy and decreasing the safety net for everyone else. The result is ruin. We need to go back to increasing the tax burden on the rich back to a reasonable point and strengthening the safety net.

  • Mike

    The two party system is a fraud, because there really isn’t any difference. The Democrats tax to pay for social programs, most of which are unconstitutional, and the Republicans tax to pay for bombs and bullets for unconstitutional wars. Either way the end result is the same, more debt for We the People and less respect for the Constitution.

    What we have is a two headed dragon. One head Republican and one head Democrat, but the heart and soul (if it had one) are the same; pure evil! The heart of this system is the nightmare called Keynesian Economics.

    Keynesian Economics is a system of credit and debt. This system could not have been possible without the unconstitutional Federal Reserve System. It requires a fiat currency to function properly, if that’s even possible. Most people do not realize that we have no money in our society, what we have is currency. What’s the difference? Currency is a receipt, and I.O.U. or a debt obligation. Currency is supposed to represent money; unfortunately, our system doesn’t have any money. What is money? Money is something which has innate or intrinsic value. Money doesn’t represent something; it is that something in and of itself. Money is Silver, Gold is a store of value or wealth, but Silver is money. Hell, a bushel of apples can work as money, as in: I’ll trade you a bushel of apple for transportation to the City and back. The apples have an intrinsic value and therefore can function as money, but silver fits in the pocket better.

    In this Keynesian nightmare there is for every dollar in circulation or on a ledger some where, a corresponding dollar of debt. In our system there can be no currency without debt. If you go to the bank and borrow $50,000, along with the $50,000 comes $50,000 of debt, one balances the other. Unfortunately, as soon as you get the loan, interest starts to accumulate and soon you will be paying interest on interest, unless you can pay the loan off quickly.

    This is where we are as a Nation. We have so much more debt than currency in the system, that the system has stopped flowing. This is why the Federal Reserve, a Private Corporation owned by a group of International Banking Elites, keeps printing Federal Reserve Notes (currency). They are desperately trying to get the system flowing by balancing the currency/debt ratio. The real problem is that if they print enough currency to get the flow going, the currency will lose value, as if it actually had any value to begin with.

    In 1961, a Federal Reserve One Dollar Note would buy an ounce of silver. Today, it takes over $18 at spot price ($20+ Street Price) to buy that same ounce of silver. That makes today’s Dollar worth about 5.6 CENTS compared to the value it had in 1961!

    The only way to save this Nation is to return to a Constitutional Government. This means no Federal Reserve, no Keynesian Economics, No IRS, No Fatherland Security, no FEMA, no CIA, no NSA, no TSA, no Fiat Currency, No unapportioned direct tax and on and on and on. It also means a return to a Gold and Silver standard, yes real money.

    The Koran forbids usury, and this doesn’t sit well with the International bankers, who thrive on debt. If you want to understand gold and silver, as well as, why we are in the Middle East, watch this video http://www.youtube.com/watch?v=qs9_dZK_fnw

  • Michelle

    Get rid of the federal reserve, and the money owed to it.

    Impose import tariffs on goods made with below minimum wage labor in foreign countries.

    Bring back manufacturing jobs to the US.

    Everyone plant food wherever it will grow.

    Stop wasting money on wars.

    Give all federal employees minimum wage.

    Don’t let those on the dole (or federal employees) vote in elections.

    Go back to paper ballots. Count them in public.

    Quit putting fluoride in the water so people can think better and will get less cancer and other diseases.

    Stop paying farmers to not produce food.

    Bring back the free market, free of govt. intervention.

    Repeal Obamacare.

    Abolish the income tax.

    Legalize all natural drugs (that grow in the ground) to take the criminal element out of them.

    Go back to the Constitutional money system (silver standard).

    Open carry legal in all 50 states.

    Term limits for all elected officials (two terms max).

    For a start…

  • jon

    yo tumacacori, arizona has a permaculture system set up. eternal culture. this is the answer.

  • El Pollo de Oro

    About #10: back in 2006, a good friend of mine in Spain predicted that The Banana Republic of America (which I was still calling the USA at the time) was heading for a major economic crash and that Spain’s economy would be collateral damage in the globalist nightmare. I responded, “I’m in total agreement with you, but there’s a crucial difference between the two countries: Spain, like the rest of Western Europe, has universal healthcare, whereas Americans don’t. So when the American economy runs into a brick wall, our appalling health care crisis is going to get a lot worse. Europeans will become poor, but Americans will be sick AND poor. Trust me, it’s much easier to lose your job in a country that has universal health insurance than in a country that doesn’t.”

    Sure enough, the BRA economy went into violent cardiac arrest in September 2008, and unemployment is now a whopping 22% in Spain (actually, the BRA’s real unemployment rate is equally bad, if not worse, when you factor in all the unemployed Americans who’ve dropped off the radar). But Southern Europe, for all its economic problems, isn’t saddled with the BRA’s monstrous health insurance system–and fixing the BRA’s broken economy will be impossible without serious health insurance reform, which we are unlikely to get under either the Democrats or Republicans. The Democratic bill that passed earlier this year is a weak piece of legislation that doesn’t go far enough, and the clueless Republicans don’t even realize that we have a health insurance crisis. The Republican Party is a wholly owned subsidiary of Blue Cross and Aetna; the Democratic Party is only a partially owned subsidiary of Blue Cross and Aetna.

    Almost 51% of Americans lack health insurance in 2010. That number is staggering, and the problem is going to get much worse because most of our boneheaded politicians are unwilling to seriously address this crisis. But politicians aren’t the only culprits–some of the blame also goes to all the brain-dead Americans who are too busy watching dumbass reality shows to demand a decent health insurance system.

    Welcome to the fall of the Roman Empire. Welcome to Third World America.

  • Sammyone

    Poverty in this country is the result of A having too much stuff or B counting a form of wealth was false.

    Real poverty is something else. I have seen real poverty

    Having shelter and food is not poverty. Thinking that it is, is.

  • Lawrence

    1. cut expenses for Government by 50% including across the board cut in ALL salaries-except military-including Obama.
    2. Cut employment of government by 30%, expcet Congress which the staff are cut by 50 to 60%.
    3. drop all taxes to 19% of all income.
    4. round and DEPORT immediately ALL illegal aliens.
    5. cancel NATFA , GATT, and put all trade aggremmehts under review-reviews end in 90 days with either cancellation or re-draft to favor US based jobs.
    6. ALL students in schools MUST learn English to continue to obtain welfare.
    7. ALL able bodied erpsons on WELFARE must work public service jobs-even sweep streets to maintain welfare aid.
    8. ALL energy producing sites are NOW open for development-all environmental blocks end-unless clear evidence of damage is done.
    9. Bankers and brokers found guilty of graft, violations of banking or security laws-forfeit all funds and suffer jail for minimum of 20 years-NO probation-NO parole.
    10. ANY rioters or looters will be arrested and IF necessary-summarily excuted to maintain law and order.

    ….too harsh? Then starve a while then re-think your opinion.

    Pissed off enough to want the death to bankers and Bernanke?…wait long enough and you will get your wish with the poor, homeless and starving who will fulfill your wishes.

    Wait until November and THEN get revenge in the voting polls?…I hope by then it is not too late!

    Think about it.

  • Benjamen Franklin Jr.

    Nationalize the Fed, remove the corporate boot lickers from office, outlaw lobbying by groups that are not citizen funded, and reform tax codes so that they only take up two or three double spaced pages of print, and one of those is definitions. Go through the US Codes books and rescind any that violate individual rights starting with laws affecting private use of property by individuals(not companies remember they have no rights despite what the SCOTUS says). After all that come up for air and see where we are at…

  • Dave Cydell

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

    Sure do, but I’m not saying, just laughing.

  • http://www.myspace.com/zydecodj Richard Allen

    #1 we have to let housing fall to where it cash flows…most places are not even close yet.

    If you “invest” in housing you must make a profit when you rent it out over your costs….

    When housing reaches that point a recovery can begin.

    #2 We must demand our people learn how to read, write and speak English. With so many people failing in our public schools we should be embarrassed HS graduates have to take remedial courses to get into college.

    Check out my website for some new and interesting music this flooding the airwaves of ghetto crap has to end..

    #3 In the new digital age mobility is key…less is more, moving to a new job is more important then ever. And that requires cash in the bank, no debt, and a clean drivers license.

    #4 I’ll bet most of America can downsize 1 or even 2 bedrooms full of clutter…you need less space therefore less cost to live.

    There are more things..but truthfully I don’t think OH or the repubs can or will do much…It has to be personal commitment to Change… Buy and have what you need..look at what money you have as an investment.

    Spend for things that you can make money with.

  • cab

    lets face it we are in a depression, not a recession, not a jobless recovery, not a down turn but a depression. people today have what the 1930′s did not. This a safety net. the tent cities in the US are as the hoovervilles of the 30′s. I agree 100% on the short term of the safety net. unemployment benefits and food stamps were not meant to be a permanent benefit. our system cannot go on in this direction because the balance of carriers verses the payers into the system will bankrupt this country further than it already is. the fact the the coming year we will see more austerity measures as the debt free america act presented in congress as well as the mandatory savings plan know as the 401k tax—these are iffy bills, no matter, these are being considered. states are facing bankruptcy and cutting funding as Arizona shutting down some of it’s national parks. government today is too influenced on corporation money from the supreme court decision to give corporations the rights as an individual.2010 elections will be a side show of big money to bs the public. American people will have to move forward to straighten this mess out, just as was done in the 1930′s. not gov, gov is too corrupt for this.

  • Rick Fox

    Vote for every tea party and against every democrat candidate on the ballot this fall. They are fundamentally changing the GOP so that we will never again have policies which led us into this, and hang on, it is going to get worse before it begins to get better.
    The inauguration of tea party candidates will lead to a huge stock market rally and businesses will begin to hire again knowing they wont just have any profits they make from hiring and expanding seized by the Democrat Party in Govt.

  • bigbadjohn

    yes i have a suggestion for you…..bring back all the jobs that have went to china. we have almost no manufacturing in america. if there is ever another world war, then you might see manufacturing come back. but if it were up to me i’d tell the countries leaders to go to hell. you didnt want me when you were rolling high. now you want me to make the things to protect your ass! you can kiss mine!

  • Concerned Reader

    In the coming years, globalization is going to fade away and in its place will come both nationalism and populism.What exactly is nationalism and populism? Nationalism is The belief that nations will benefit from acting independently rather than collectively, emphasizing national rather than international goals. Populism, on the other hand, is A political philosophy supporting the rights and power of the people in their struggle against the privileged elite. These two idelologies were what lead to the first and seond world wars. Afterwards they were supressed by the two remaining super powers, US and USSR, to avert another world war. Then in the early 1990s when the Soviet Union collpased, America and its capatilist economy ushered in an era called “Globalism” and America had a monopoly on it.

    Globalism had the unfortunate result of dismantling and shipping America’s manufacturing base over seas and enslaving third worlders, but it kept nationalism and populism down for a limited time. It mainly did this because globalism made each individual nation interdependant on each other for trade and economic, or financial, stability.

    However, by the 2000s the plans of the internation elite were begining to back fire. The economic down turn has in some ways set globalism on the course of failure. With globalism fading, what will keep nationalism and populism at bay? Perhaps nothing, or anything that I can think of at the moment.

    When ever I hear people talk about this nation’s current economic dilema, I hear talk about we need to rebuild our own manufacturing base(and we do!) and stop being dependant on China for goods. I also hear talk about being energy independant, or that we should quit the UN or the IMF or that America needs to stop being the world’s police man all reek of nationalism. Anti-immigration is a good sign of nationalism and we see that growing in the US with Arizona.

    On top of this, we see populism growing stronger through socialists and communists in our own country and worldwide. We are also seeing the poor citizens of both the world the America becoming aware that a handful of elites control all the power and wealth at the little peopple’s exspense.

    Where is it all going to lead? As I said before, nationalism and populism are dangerous in the sense that both ideologies can push nation states into massive conflicts. But conflicts will not arise before strong men do. One thing about an upsurge of nationalism and ppulism is that a strong man emerges. In the 1930s Hitler, Mussolini and various other iron fisted rulers took charge using the strong sense of nationalsim and populism brewing within their masses. Fast forward to today’s world and we see several strong men emerging. Barack Obama is just the first of several of these rulers taking charge these days. Along side of him we have Chavez, Ahmadinejad, the ruler of North Korea and several others gaining ground because the deepening economic depression is helping them gain power.

    If I had to make a prediction, I would say that within the next ten years(or five, take your pick) we are going to see major wars break out all over the globe thanks to the surge in nationalism and populism brought on by the bad economy.

  • http://www.aquaponicsusa.com AquaponicsUSA

    Throw the Bums out! That’s right. There are a lot of politicians who are in the Globalist camp and are actually pushing for the US to become more intwined in that dangerous sticky web of World Power, World Taxation and (wait for it) World Government. Once a country gets caught in that web, they can’t get out. That’s what’s happening to Greece right now. They are lost and at the mercy of the World Bank and the World Trade Organization and all the other World Traps.

    We have to get rid of every single one of our globalist leaders; and that won’t be easy. We have to really pay attention to what our politicians are saying because the globalists, as they are being called, give themselves away in their speech. How? They advocate for global agendas.

    Our own President (dare I say it out loud) is a globalist. He went to the Copenhagen Summit last December ready to sign a World Carbon Restriction Treaty that would have made our electric bills skyrocket. It didn’t happen because the Summit fell apart from the inside. Bill Clinton actually signed the first World Carbon Restriction Treaty called the Kyoto Agreement; but his Congress would not ratify it (Bless them). NAFTA happened under Bill Clinton. That was the beginning of the manufacturing rug being pulled out from under the US. There are also globalists on the other side of the aisle because it isn’t about which party you are in. It’s an ideology. Right now this nation is in a headlock and the winner of this wrestling match will decide if we become part of the Global stranglehold or will we maintain our sovereignty. I VOTE FOR SOVEREIGNTY!

    The other way out is to get off the grid and the entire governmental system as much as possible. Become as self sufficient as you can as fast as you can. Get energy independent and food independent . As for the Food Independence, learn about the most sustainable way to grow your own food at: http://www.aquaponicsusa.com

  • Something Wicked This Way Comes

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

    Some great comments on this blog. I write and do a lot of internet research on this topic. Unfortunately, there is a solution. I say unfortunately, because nobody has the balls to implement it.

    Our banks are bankrupt. Our country is bankrupt.

    We must call a constitutional con-
    vention with the states.

    We must dismantle the FED immediately. Quit paying interest on treasuries. Reorganize to repay principal to the countries we owe. Put our bankrupt banks into receivership. Let housing deflate naturally.

    Term limits and campaign reform. It should be deemed illegal to take any contribution above 1000 from anyone. Period.

    Lump sum payouts to all SS entitled citizens at some fraction on the dollar. People can use that money to buy the glut of homes or repay debt. It would help reduce the pending liabilities of our bankrupt SS system.

    We are in a world of hurt. The world’s fiat currencies are collapsing everywhere. This is the perfect storm. This situation was engineered for many years while world bankers plundered every economy. We are on the verge of complete and utter economic ruin and if drastic steps are not taken immediately- we will soon pass the point of no return. We simply cannot pay what we owe and if that meat head in the WH doesn’t figure this out soon there will me no possibility of saving ourselves.

    I don’t want to call it quits. We need a patriot with a spine and instead we have this communist lackey who runs his mouth non stop passing even more spending bills like we have the capacity to pay it. He is completely insane.

    We need Chris Christie. Now. We need someone willing to step up and shoulder the immense pain this is going to bring. A man with courage not some blowhard narcissist conducting the same business that got us in this mess to begin with.

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

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

    Yes.

    Oh, you want me to tell you?

    There are actually two areas involved, which are only somewhat coupled. The most urgent one is undoing the faulty incentives that encourage retrenching and discourage hiring. The longer term one – just as important in the long term – is the tendency of business activity to be offshored, also produced by faulty incentives. The thing is, the faulty job incentives make jobs leak somewhere, and right now that somewhere is often offshoring. But even if that weren’t there, they would leak somewhere else, e.g. into automation levels higher than optimal, and conversely, just restoring the job levels would still let businesses leak offshore and take a proportion of their profits with them. So there is a link, and each is important at its own level, but they are separate enough issues to need to be handled separately.

    On the jobs side, there is an externality cost that should be undone. That’s the one whereby each person let go or never hired in the first place doesn’t just represent a cost to himself and a benefit foregone by the employer but also a burden thrown on the wider community and economy. That’s clearer in countries like Australia where I am, where unemployment benefits are open ended and funded via consolidated revenue from the wider tax base, but even in countries with none at all (let alone the time limited US system that’s ostensibly at least partly funded by workers’ own payments) there are “Vagrancy Costs” from having beggars around and from poor people forming a breeding ground for crimes of necessity – even if you don’t mind shooting street kids like vermin, as has happened in some countries, having to do that is a cost.

    There are several ways to undo that externality cost, provided only that a country hasn’t hit absolute shortages. Some are quicker acting than others, and some are more self maintaining, so you could use a mixed approach with a transitional path. I describe one quicker acting way adapted for Australian conditions here and here. Using different analysis and modelling, Professor Kim Swales of the University of Strathclyde and his colleagues have researched something very similar for British conditions, here; that modelling shows that this reform would help GDP as well as employment by about half as much in percentage terms. And Nobel winner Professor Edmund S. Phelps, McVickar Professor of Political Economy at Columbia University has done something related but slightly different again for US conditions with different US taxes and benefit systems, here. Technically, this overall approach is “a Pigovian virtual wage subsidy integrated with the tax system, to improve both employment and GDP without the problems usual with wage subsidies, Negative Income Tax, etc.”, if I may quote myself (it’s nothing to do with Income Tax – for some reason when I try to tell people about this sort of tax reform, they often mentally stick the word “income” in there and accidentally set up a straw man).

    The big problem is, governments just aren’t interested, and politicians of any sort just tune it out – even from a reputable economist like Professor Swales and a Nobel winner like Professor Edmund Phelps. I’ve certainly regularly been given the run around.

    That should do for now. If there is enough interest, I will comment later on the longer term issue of the faulty incentives for business activity to be offshored and how to correct them.

  • http://leherensuge.blogspot.com/ Maju

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

    Try socialism?

    Yah, I know it’s too early for people to be in “revolutionary mode”, as you say at the beginning “for most Americans, the economic collapse is something that is happening to someone else”. But soon it won’t be anymore somebody else’s problem, as you also say well.

    IMO this is a structural crisis similar in many aspects to what happened to the Soviet bloc in the late 80s and early 90s and also resembles somewhat the deep structural crisis of the Ancien Régime in the late 18th century (and of course the Great Crisis of the 1930s). In the mid run it’s likely that the very Capitalist system will need to be scrapped and recycled into something different. And I don’t think that there are better ideas around than some sort of Socialism (not Stalinism, of course). I don’t see any solution within the system, it needs a radical overhaul.

    So why wait?, it’s all a matter of organization.

  • Bill

    Wow! Some people need a real lesson in economics.
    1. Capitalism is not a failure like some people on here portray. If the ACTUAL ideas of Adam Smith were followed, competition and self-interest [do not confuse for selfishness] then we would not have many if not most of the issues we face. Sadly folks we are NOT a capitalist country. Our business leaders and political leaders see to it that competition is eliminated. What we have is corporate statism.
    2. Keynesian economics as practiced has failed…but again the real ideas of Keynes get ignored. Keynes never imagine nations would run budget deficits for decades without end. He envisioned deficits during hard times, surpluses during good times. Somehow current keynesians seem to forget that. I am not of the keynesian, am perhaps more Austrian School, but I find fault in the logic of many schools. When we start holding economic theory as some sort of religious mantra, that is when we lose our grasp of reality.
    3. Debt based money is NOT a keynesian thing as someone insisted but has been around long before Keyes wrote his General Theory. Debt based money IS one of the key problems with our global system, but resorting to a gold or silver standard will NOT solve the problem. We had similar issues under those standards and just like any commodity, these markets can and WILL be manipulated. The problem with debt based money is is if you want growth you eventually run into a pyramid like scheme because in a debt based system the only money created is the principal, the interest must come from some other sucker. In order to have the interest paid you need new loans and new suckers. Hence we ran into a situation where banks lent money to people with no incomes…NINJA loans. The pyramid collapsed but the taxpayer has bailout the banks. The key to sound money is NOT what backs the money, but who CONTROLS the quantity. Even fiat money can have an asset value if it is printed like toilet paper.
    4. Finally, to turn this around we need to go back to the basics of creating wealth through the only viable methods…you mine it, you grow it, or you manufacture it. Government and Bankers do NOT create wealth, they simply transfer it.

  • Bill

    sorry for the typos above. My last comment was fiat money can have an asset value if it is NOT printed like toilet paper.

  • El Pollo de Oro

    Oops! I meant to say that “almost 51 million Americans lack health insurance in 2010,” not “almost 51% of Americans lack health insurance in 2010.”

  • Jeff Wright

    The fact there is a “trade deficit” is not the problem. The problem is that the allowable ‘deficit’ with the other countries is only made possible by the excess of money creation and credit. The “credits” given and received with China, or any other country, are only possible in magnitude by the monetary and credit creation.

    Without all that fiat creation the vast majority of the deficits accrued and debts booked would not exist to begin with as the purchases made would be more on a productive wealth basis and the discipline that implies.

    It’s not trade that’s bad its the amount of trade (or consumption) based on excess money and credit creation.

  • alice

    Europe can print their own money, and borrow as we do in the USA. The PIGS problem is equivalent to our California, Florida, Arizona, Nevada problems etc..The Asian countries with cheap labor markets are going to continue sucking the life out of the West, and we will continue to downgrade at a slow and steady pace until, labor valuation is the same throughout the world. That is the end result of Globalism! It’s as if the Dam of Wealth that we used to hold, broke and is poring throughout the world, and all that will be left is a stream of Wealth that was there before the Dam was built! Capisce?

  • Lisa

    Michelle has got a great list going. To her list I would add:

    Stop the barbarian invasion. Deport all illegal citizens.

    End birthright citizenship for all babies of illegal immigrants.

    No drivers licenses, welfare benefits or citizenship to immigrants who do not demonstrate verbal and written proficiency in the English language. Stop issuing ballots and government documents in languages other than English.

    Repeal the Patriot Act.

    Reinstitute the Glass Steagall Act.

    Abolish the IRS.

  • alice

    The solution is not war or revolution! The solution is not as painful,,,, we have to be more competitive. Just as our economy grew the size of our government grew too! The opposite now has to occur FAST. We have to reduce all taxes across the board, cut and consolidate government services at all level, Town, Village, County, State and Federal! Eliminate deficits and balance budgets, stop this borrow and spend mentality public and private, review all government pensions and bring them par to private pension plans, anyone with excessive salaries and pension plans that were self awarded, returned to the proper officials, repeal all income taxes, replace it with an import tax,,, close all IRS offices, get the Unions out of our Governments, and more…. This will reduce the costs of production and make us more competitive! More solutions to come once these have been enacted,, to be continued!!!!

  • alice

    I agree, we need Chris Christie with the old Republican mentality people and the Tea party United for the Presidency in 2012!!! United, not divided, Chris Christie for President the change this country needs desperately and very soon! I’ve seen him in action, and I like him a lot, you will too! Chris Christie for President,,,,Chris Christie for President,,,,,,Chris Christie for President,,,,,Chris Christie for President,,,,,Chris Christie for President,,,,,Chris Christie for President

  • William

    But, remember, this is the nation that believes a Boeing Commercial airliner disappeared into a 16 ft wide hole in the wall of the Pentagon on 911; and that does not sound good for the majoirty of Americans WAKING UP!

  • Tom

    We need to get rid of the religous right and the backwards red state mentality folks.

    We need jobs, healthcare, and a fair wage system. Tea Baggers are just uneducated trash screaming about the goverment. Billionaires are funding them to stop any benefits to us and low taxes for them.

    Wake up

  • http://www.cslab.pepperdine.edu/warford/index.html Stan Warford

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

    Yes. This is an economic problem, and the only solution is to educate as many people as possible about the Austrian School of Economics. Federal economic, fiscal, and monetary policy are at the heart of the problem with its Keynesian approach to stimulus spending, deficit financing, Federal Reserve-based fractional reserve banking, and advocacy of war and welfare.

    Do yourself a favor and educate yourself by reading all the free literature at the Ludwig von Mises Institute here:

    http://mises.org/

    Ideas matter, and only by educating more people on the Austrian School of Economics will we see our way out of this mess.

  • Lynn D.

    “Thus it happens in matters of state; for knowing afar off (which it is only given a prudent man to do) the evils that are brewing, they are easily cured. But when, for want of such knowledge, they are allowed to grow so that everyone can recognize them, there is no longer any remedy to be found.” Niccolo Machiavelli

  • Gary

    We need to get rid of the religious right and the backwards red state mentality folks.

    Tom your right on. These tea baggers have the IQ of a carrot stick. (on a good day)

    When ever I see them or hear them its hard to believe we live in the same country. They should get their own country and call it wingnuttastan

  • http://www.zeitgeist-movement.com ConceptDestiny

    Capitalism nowadays is bad, and far from necessary. What isn’t talked about, is how a competition based economy invariably leads to strategic corruption, power and wealth consolidation, social stratification, technological paralysis, labor abuse and ultimately a covert form of government dictatorship by the rich elite. If we take up the same form of capitalism system again, then we will be in the exact same position as we are right now. Why are we NOT realising this?

    Some relevant quotes that come to mind in regard to this situation:

    “Insanity: doing the same thing over and over again and expecting different results.”
    - Albert Einstein

    “The world we have made as a result of the level of thinking we have done thus far creates problems we cannot solve at the same level of thinking at which we created them.”
    - Albert Einstein

    Needless to say, we need to think hard about the direction of our future. Otherwise, we will find ourselves in the same position as we are now.

  • Dave in TN

    You’re spot on about things going to get a lot worse. First steps for what you can do now: We have to emulate our immigrant ancestors and act locally as much as possible. Keep your money off of Wall Street — invest and bank locally. Get off of your bended knees to multi-national corporations — they have no interest in helping you. Does anyone seriously believe in the “trickle down” growth model anymore? Support local family farms and other local businesses that produce products necessary to survive daily life. Get control of your local government — especially public employee benefit plans than are out of sink with those received by the taxpayers. The more people in local communities act this way, the sooner we’ll starve the Beast and affect national policy.

  • Mr Carpenter

    Tom and Gary, perhaps you’d be better to join your compatriots in lack of compassion and coherent logical thought, and move to the east or west coast of the soon to be broken up Untied Status of Amerika. You’ll be welcomed in those (morally, fiscally and spiritually) bankrupt areas, as will what passes for “thinking”.

    As for me, I’d rather be around hard working, average intelligence individuals in the middle of the country who are sick to the back teeth of watching what was a great country, with a God-given Constitution, flushed down the toilet of history.

    I can’t wait for this country to break up – it is going to be necessary for the majority of it to survive.

    You utopian-minded, coasties can fend for yourselves. Best of luck.

    The sane people whom you derisively call “religious right” and “red state mentality” folk have got a grasp of a reality that you probably will never perceive, and that’s your loss, not theirs.

    Normally I would prefer to build others up and not tear down, but I’ve had enough over the last 1/2 century of listening to you people spout your idiocy – and I’m also sick of watching what was my country on it’s terminal decline because of “thoughts” along the lines of yours.

    So I hope you get your wish; except that it is your countries on the coast which will prove to be incapable of surviving.

    Oh and by the way, I furthermore hope that we Real Americans are sane enough to realize that you can’t be educated and cannot learn to change, therefore should take your lumps and that we should not rescue you from your (many) enemies both foreign and “domestic” once you DO get your own countries/this nation collapses into pieces.

    Likewise I hope we’ve learned our lesson that 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; and they apparently love to dive right back into behaviors which got them into wars in the first place.

  • Bill Koehler

    When you have compulsory unemployment. What did you expect? We have unemployment because it is mandated by law. Don’t believe me try selling something that the government has declared illegal or limited to their friends. Try to make whiskey or open a casino. Regulation is a synonym for unemployment.

  • Gina

    This disaster started years ago with NAFTA, the WTO and the IMF, not to mention the FED.

    The only solution is to get our jobs back from foreign countries.

    Boycott any store that does not sell American-made items. I used to say “yeah sure” to that suggestion, but now it is imperative. Slap crippling taxes on American companies that outsourced their manufacturing. Pressure them to bring jobs back!

  • sharonsj

    To the bible thumpers: Jesus isn’t available to hire me or help pay my electric bill. Businesses are, as long as they don’t get paid with tax breaks to outsource or to bring in green card workers that are paid less than Americans.

    It boils down to money. Congress is corrupt and takes campaign money to do the bidding of the multi-national corporations. The corporations don’t give a crap about you–they only care about the bottom line. And if you don’t earn enough money to buy their products, they’ll just find someone in China or India instead.

    If they don’t manufacture anything, then they are bankers, hedge funds, and stock market players. They produce nothing of value and get rich by gaming the casino with insider trading, flash trading, derivatives, etc. And if things don’t work out, they convince Congress to use your money to bail them out.

    So most Americans are left holding the bag. Most Americans live paycheck to paycheck. Yes, a medical problem will bankrupt you. 60% of all bankruptcies are because of medical bills. If we were “socialist,” we’d have national health care and no one would go bankrupt or die. But the conservatives have convinced the sheeple that health care and unemployment insurance is a Marxist plot. I guess we should just let folks die in the street instead.

    One of the solutions is to throw out most of the incumbents (state as well as federal). But tea baggers have no viable solutions. Just try to find somebody who is less likely to be bought off and who isn’t a religious nut.

  • lostinmissouri

    Big Government is the problem.

    How can we have more in poverty today, than in 1959? Because Big Government started a “war on poverty” in 1964, under Johnson. Then came “war on drugs”, “war on environment”, “war on discrimination”, “war on war”…..endless mandates.

    It’s the old “I’m from the government, here to help you” routine.
    For 50 years, the sheeple or “want it for nothing” crowd, has bought into this lie.

    It is easy to see, yearly, that the bigger Government gets….the poorer this nation becomes.

    Many, want to blame Corp.America, for no jobs……But a bigger part of the blame is Big Government, who has mandated, regulated, flat out closed down, manufacturing, and chased it off shore.

    It is well past the time to take the “BIG” out of government and repeal all the “war on” legislation.

    I’m all for “saving the planet”, but if everyone starves to death in doing it, what’s the point?

  • Biff

    I am tired.

    I really am tired. I am losing my mind. I never thought it would ever be this bad for me. I always thought that if I went to school and did well, and if I worked hard, I could enjoy the fruits of my planning and labor. I never planned that the government would want bad things for the people to protect themselves.

    I graduated B-school two years ago. I worked my ass off and studied hard. I didnt party in college. I graduated at the wrong time. My time and money have been wasted. Fortunately, I am not drowning in debt.

    Our society and government now rewards bad behavior and has created a hostile environment for those that want to succeed. They demonize me when i have never done anything wrong and want to tax me from the air I breathe to the ground I walk on.

    I really am angry. I have invested so much into a career that I hope to one day have. I have been working at a fast food job. I am still a crew person because there are no manager openings. No one has made manager in over a year, Every day I live in fear that I will lose my job because anyone can come into the restaurant to scam free food, they can only say without a shred of proof, that I was rude to them when I wasn’t. Management, to keep people coming in, would have have people just coming in, even for free stuff, than telling them to leave. A couple of people have complained against me so much, they wanted more free stuff when it was all lies. Why should they tell the truth, when they have learned in from our government, to reward bad behavior?

    I want to be optimistic about the midterms. I know I will never vote for a Democrat, but what will make me trust a Republican? Nothing. I can’t. No one wants to control spending. Our elites have taken a free society and are slowing turning into a society of two classes: The government and serfs.

    Things are so bad that I think the only thing that can save us is the entire collapse of the United States on itself. I don’t want to die poor and miserable. I want to suceed, not be a slave.

    I don’t want anything from the government or anyone else. I just want to be left alone, not be ruled by those that think they know what is better for me, and to live in peace.

    I need to take a nap now before work. I have hit pavement and the net for work all day today.

    I just want to be someone someday.

  • Lennie Pike

    Mr Carpenter:

    I’m sick of it too, 53 years of watching them. The only problem is they can’t fend for themselves and after the split which probably will happen, they will have to attack us to survive. It’s not going to be pretty.

    If you want to see the ocean you can still come to the coast of South Carolina or Georgia, but it is rapidly filling up with the worst ones from the northeast. They are still a small minority there except for Hilton Head, SC and I would like to see if they can be driven back to where they came from after the split. We need and deserve to have our ocean for those who have saltwater running through there veins. Also for our navy.

  • Lennie Pike

    Sorry Louisiana, Mississippi, Alabama, and maybe the great state of Texas. You all given up your coast to illegal aliens yet? Forgot about you Gulf Coast States because I do like to watch waves but you do qualify as having an ocean just barely. I think even the Redneck Riviera of Florida is history I’m not sure. The rest of the state is that’s for sure, except the Jacksonville area, but they’re being approached from the south by something that could be even worse. With that it’s every man for himself – I have lived in it in Brazil. No, on second thought it’s not as bad and in some ways it is a good thing. It is not America though and sucks compared to what we had.

  • Paul

    The wiping out of the middle class in America is exactly what Wall street wants. With poverty comes lower wages, with lower wages comes more profit. The banks profit if we are in debt. As the jobs go to India and China, Wall street keeps going higher. The only way to solve the problem is to break the strangle-hold that the banks and the multinational companies have on congress. I saw a ststistic that in 1970, there were 500,000 US jobs in the auto industry. Now there are 50,000, but 500,000 in China.

  • mondobeyondo

    Re: “…suggestions for how we should go about fixing all of this?”

    Umm… no. We’re toast.

    The system is already too broken to be able to fix now. Maybe there are a few glimmers of hope – establish programs like the WPA, CCC, NRA (National Recovery Act, not the National Rifle Association) that we had during the Great Depression. However, we are so broke, we can’t afford to do this.

    The decline of this country is truly appalling. There are six American flags on the moon. And our present government can’t even give its hungry and unemployed green cheese. It’s not all Obama’s fault. But at least he can step off of the spending accelerator. You can not get out of debt by creating more debt. That is ludicrous! It’s like saying I can eliminate my credit card debt by charging it to another credit card.

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

  • mondobeyondo

    Most of the mainstream media are reporting that the recession is over. It ended in July of 2009.

    They are correct. The recession is over.
    The depression is just beginning…

  • mark mcbee

    Economic Panel Says Recession Ended in June 2009: http://www.youtube.com/watch?v=ih7L0wd-1iI

  • Tom

    As long as the knuckle dragging religous right are screaming to control everyone an dprevent progress, we will not move forward.

    Send the red states to an island and let them pray for rain. They are morally bankcrupt and add nothing but hate and division.

    Social conservatives have highjacked this country long enough. The rich banksters use them to call attention while they steal from us all. Get the right wing away from abortion rights, marriage rights, and end their failed war on drugs. America needs to heal.

  • emma

    I have always worried about losing my house, but I have gold an silver and realise that this is a valuable asset. i do not want to wake up one day and look at the sad faces on my kids and tell them we have to go out and live in a tent. I am glad i have woken up. I listen to people like peter schiff and the oz guy at http://www.forecastfortomorrow.com who know their stuff and spread the truth. When the SHTF, I want to know i am safe.

  • http://www.zeitgeist-movement.com ConceptDestiny

    Quoting one of the most sensible post that I’ve seen:

    “www.huffingtonpost.com/2010/09/20/obama-on-cnbc_n_731917.html

    Video:
    http://www.huffingtonpost.com/video/video_3103.html?1285020176

    No one has a clue, do they? They don’t get the game at all…

    No one understands the monetary/fractional reserve pyramid scheme that has created an international global bubble, 200 years in the making, that can only be overcome by total global collapse, if the debt/expansion game is adhered to.

    No one understands that Wall Street is the central catalysis/mindset for anti-social intent which is able to capitalize on the fall and destruction of a soceity itself.

    No one understands that Obama has proven already that he is going to do nothing because he has been put into his position under the pretense of monetary protection and every policy he has advocated has proven this. He is only a scape goat as of now.

    No one understands that the jobs are not coming back in America and that the new paradigm is a permanent unemployment class which can only grow as purchasing power is eroded by both mechanization and perpetual, infinitely growing debt both public and private.

    No one understands that sooner or later even unemployment checks will fail to materialize, if they are not utterly eroded into nothing by hyper-inflation.

    No one understands that the stage is set for global warfare as the dominant and unprecedented energy crisis goes un- addressed.

    No one understands that the game will end one way or another… yet from here on out it is a looming choice – either we change everything or we continue a progressive and constant move of decline/suffering for the majority of the world’s population.”

    The above description sums up our choices quite effectively, if rather harshly.

  • One of the “Coasties”

    Mr. Carpenter –

    You’re doomed, man. Doomed. It’s the states on the coast who are the economic engines of this country. We support pretty much everybody else.

    Look to the states you cite: Highest levels of divorce, abortion, unfinished high school.

    The region you trumpet is a myth. You can’t sustain a myth when TSHTF.

    Having lived in West Virginia and a few other rural middle of the country states, I know there are good people there. But if you think they’re going to be the ones who survive the downturn, you’re sorely mistaken.

    It’s becoming a digital world. We “Coasties” realize that. You don’t. You’re doomed.

  • Rick

    We need Chris Christie. Go to Youtube and search on PkuTm-ON904 This is the kind of thinking that is needed at the highest levels

  • http://www.TOGB.org Cole

    You asked if anyone has a solution. Yes – one potential. See my website:

    http://www.TOGB.org

  • Al

    Mr. Carpenter: And yet it’s the ‘utopian-minded coasties’ who contribute more to the federal budget than is spent on them, while your ‘Real Americans’ in the middle of the country depend on their charity. So yes, the ‘coasties’ CAN fend for themselves– that would relieve us of the annoying burden of supporting you.

    As for “Europeans love to dive right back into behaviors which got them into wars in the first place”, I’m pretty sure they weren’t the ones who started the latest round of endless warfare.

  • Something Wicked This Way Comes

    The national Ponzi scheme. It didn’t start out Ponzi but it sure as hell looks like one now.

    http://thecivillibertarian.blogspot.com/

  • alice

    The solution is not war or revolution! The solution is not as painful,,,, we have to be more competitive. Just as our economy grew the size of our government grew too! The opposite now has to occur FAST. We have to reduce all taxes across the board, cut and consolidate government services at all level, Town, Village, County, State and Federal! Eliminate deficits and balance budgets, stop this borrow and spend mentality public and private, review all government pensions and bring them par to private pension plans, anyone with excessive salaries and pension plans that were self awarded, returned to the proper officials, repeal all income taxes, replace it with an import tax,,, close all IRS offices, get the Unions out of our Governments, and more…. This will reduce the costs of production and make us more competitive! Unions used to be a good org. to have, but they squeeze the life out of businesses and governments skyrocketing costs of goods and services. More competitive is the goal, means lower costs of production! There’s no way around this!

  • Something Wicked This Way Comes

    The missing ingredient. It’s personal.

    http://thecivillibertarian.blogspot.com/

  • EUROPE
  • Anne

    Bill gates should use his foundation resources to create jobs and quit spending the money on people in other countries.

  • Michael Engineer

    My comments below contain some links to other web sites. Please read all my comments here first, then go back and review all the websites.
    The first thing I would like you to review is an analysis about the possibility that our world economy may have seen the end of growth. It’s at the below link.

    http://www.silverbearcafe.com/private/08.09/end.html
    The next thing I would like you to review is a crash course analysis on how much of the world functions relative to the economy, energy, and the environment. In particular, the most important chapter is chapter 17A regarding peak oil. This crash course was put together by a research scientist who is a former Fortune 300 Vice President. On the Chris Martenson web page below, in the upper left corner, click on and watch the crash course video material.
    http://www.chrismartenson.com/
    Both analyses above are very well written but they don’t consider thoroughly the possibility of a contraction of the economy. The below two analyses do consider the possibility of a contraction.
    http://www.postpeakliving.com/blog/aangel/estimating-economic-impacts-peak-oil
    http://trainsnotlanes.info/Documents/HIRSCHHOUSTON-ASPO-USA.pdf
    There are warnings about possible massive unemployment and homelessness problems should a contraction in the economy occur and that world gross domestic product could fall at a rate of 2 to 5 percent a year. A falling world gross domestic product year after year would almost surely result in higher unemployment year after year. Our unemployment rate is around 10 percent right now in America. What affects would there be if unemployment started to increase every year by let’s say 2 percent a year? In 3 years, unemployment could go to 16 percent and in 5 years it could go to 20 percent, and in 10 years to 30 percent. Under this scenario, would many business models fail? Under that kind of pressure, even local, state, and federal governments may be forced to drastically restructure to keep functioning. And that would apply to most countries of the world.
    Even the U.S. Military sees that potential economic issues could lead to serious consequences in the United States and the world and countries like Mexico could collapse.
    http://www.telegraph.co.uk/news/worldnews/centralamericaandthecaribbean/mexico/4271720/Mexico-in-danger-of-collapse-says-US-army.html
    http://www.foxnews.com/story/0,2933,479906,00.html
    Mexico has serious oil issues with its Cantarelli oil field declining at a rate of 10 percent a year, as documented below, and since we currently import oil from Mexico, affects would probably be felt in America too.
    http://www.cnn.com/2009/WORLD/americas/08/22/mexico.economy/index.html
    http://www.dailykos.com/story/2006/1/26/9229/79300
    These things do seem a little incredible, but remember that President Bush warned of a possible global financial collapse and panic.

    Here are some more good links.
    On the History Channel on cable TV, they have been broadcasting a Mega Disasters episode about peak oil. It can be watched on the internet at the below link.
    http://video.google.com/videoplay?docid=495148273412977176&hl=en
    In that documentary, they say that serious problems for the world could be occurring as early as 2012.
    Here are a few other links to sites with information about peak oil, but the above link is probably the best.
    http://video.google.com/videoplay?docid=-2266387029939225044
    http://video.google.com/videoplay?docid=-1196967662079130915
    http://video.google.com/videoplay?docid=2088037667104408930&total=40&start=0&num=10&so=0&type=search&plindex=9
    http://www.silverbearcafe.com/private/11.09/denile.html
    http://www.commondreams.org/headline/2009/11/10
    Can we consider some forward looking projections?
    I have documented some reports that indicated that we may be at the end of a growth phase for the world economy, and that we may have reached a peak or a plateau where the world economy tries to sustain at a constant level of gross domestic product, or that we may have even started into a decline of the world economy with declining world GDP.
    There is evidence that world GDP has started to decrease, including America’s GDP.
    In the last quarter of 2008 the U.S. economy shrank by 6.3% followed by a 6.1% drop in the first quarter of 2009 as shown below:
    http://www.cnbc.com/id/30472516
    Europe’s economy has shrunk too:
    http://www.nytimes.com/2009/05/16/business/global/16euro.html?_r=1
    Many rail road cars and ships have been idled.
    http://www.thestreet.com/story/10515764/idaho-us-rails-clogged-with-cars-due-to-recession.html
    http://www.dailymail.co.uk/home/moslive/article-1212013/Revealed-The-ghost-fleet-recession-anchored-just-east-Singapore.html
    12 percent of the worlds container ships are sitting idle where normally they would be in use, and there are projections that 25 percent of the container ships may be sitting idle in two years.
    Let’s consider the business models of housing and banking and how a decline in world GDP might affect them. Most home purchases are done when a home buyer gets a home loan from a bank with 5 to 20 percent of the homes sale priced used as a down payment at purchase, with the remainder being lent to the home buyer with almost always a 30 year loan, but sometimes a 15 year loan is used. Do you think there would be any impact to this business model if at some point between now and the next 10 years, there is a good chance that world GDP will start to decline by several percent a year and for this to occur year after year after year? Are 30 year loans a good investment for banks if the real possibility exists that there will higher levels of unemployment each following year if there is declining oil production year after year after year? A big part of the current financial problems is that a large percentage of the 30 year loans that were made over the last 5 to 10 years have proven to be part of a bad business model.
    For almost all of our lifetimes, the housing business model always had an expected appreciation of 4 to 6 percent a year. Housing was a very safe investment because oil production was increasing in almost every year and future oil production was not yet close to peak production. It was even said that housing prices always go up and never go down and that belief became almost universally held by most people. But in 2007 and 2008 when oil prices skyrocketed many business models started failing, and housing and banking were among them. Oil production may be very close to its peak, or we may already be past the peak and have started into a declining oil production trend that could drop at a rate of several percent a year.
    Our economy is a system, and one of the biggest inputs to this system is oil production as it is our prime energy source. Outputs of this system are jobs, cars, planes, food, electronics, and in general all consumer goods. One of the things they teach us in engineering is that if there is a change in the inputs to a system, then there will be a change in the outputs of the system. It is just cause and effect. Engineers are very good at system analysis and it is very well understood since the math and computer models used are very well developed and very well proven. Electrical circuits are viewed as systems with inputs and outputs. Typically, electrical energy of a certain frequency and voltage are viewed as inputs and then the output are analyzed such as work done, etc. Since oil is a form of energy and used as an input to a system, just like electricity is a form of energy and is an input to a system, it would seem to reason that electrical engineers would have a natural understanding about possible effects due to a change in the inputs.
    As a result of the rise in oil prices and the shock to the world economy that occurred, the banks and governments are now incorporating into their business models the risks of high priced oil and a decline in oil production and what that may mean to world economies. It has been well documented that credit has become hard to come by now and that banks are not making loans like they used to. There are smart people at the banks, and the rich investors are smart too, and they don’t want to see their money loaned out and lost. As long as the world economy was stable, investors and banks were looking for profits and credit was readily available. But when there is a risk of a global financial collapse and panic, investors and banks don’t want to lend money as it may easily be lost. That is why our government and many other governments around the world had to step in and do bailouts. And it does look like the situation in many of the business models, including the banking business model had deteriorated to a point where the business models were going to fail.
    The science and projections behind peak oil is not a secret and many people have known about it for years. Many hoped that the few people who projected that we will not hit peak oil until 2030 were the ones who were correct and that the people that were saying that it would be around 2006 were wrong. But a lot of evidence is mounting that that we are very close to the peak or even past peak oil production now and about to enter declining production. As long as the price of oil was low, around $35 dollar a barrel, almost all business models worked well, growth could be expected, and there was money to be made by investing. When the price of oil went to $147 a barrel and the housing, banking, and other business models started collapsing, it fundamentally changed the way investors and consumers have to think about their business models. Governments, banks and investors are now starting to put credence into peak oil occurring very soon, or that it may have already occurred and they are trying to come to terms with and grip the consequences of that.
    Recently, Germany’s government did an analysis that was leaked to the internet which warns of serious political and economic crises being possible.
    http://www.silverbearcafe.com/private/09.10/oilcrisis.html
    If you stop to think about it, what really runs the world is energy, and not money. Maybe the current economic situation could be best understood if I were to explain things in layman terms considering one specific example. 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. This is an example taken to an extreme but it just goes to show that the world economy runs on and depends on energy and that even printing huge sums of money won’t necessarily solve a problem.
    It only stands to reason that if any changes to available energy sources occur then there will be changes in other parts of the economy too.
    Smart, influential, and very important people in the world do recognize these things as credible as shown here.
    http://www.usatoday.com/news/washington/2008-07-15-2573469553_x.htm
    If we do enter a declining world GDP situation with high levels of unemployment, the effects on people and their way of thinking, coping and behaving will be affected.

  • Robert

    You seem to have everything right here in this article and yet you still think that ‘something can be done’. Sure something ‘could’ be done, but that will never happen. If the powers that be really wanted a recovery we would all be in happy land buying house after house and paying off credit cards with other credit cards by now. This is not going to go away through any kind of ‘political’ action, unless that political action is revolution from the middle and lower classes. This has all been planned for a very long time, there is more of the plan yet to be unveiled. I have an inkling that it will involve another false flag attack like 9/11 to get Obama in for another term as Chief Teleprompter Reader. With all this talk about “Al-Qaeda” (read: CIA) in Yemen and Pakistan and us sending over more troops to handle 300 alleged Al-Qaeda operatives in Yemen I really can’t see this year ending without another fake ‘terror’ attack. Hopefully the American people will not be so stupid to fall for it this time.

  • chris dietel

    congress already solved the social security problem.those 41 million americans on food stamps,of which i am one,will not be allowed to draw social security benefits,unless we can re-imburse the federal government in full by writing them a check for what we took out just so we can eat,while millions of illegals are allowed into this country amd are sucking up the benefits like crazy.can you spell armed revolt!!???!!

  • Vic Anderson

    JUBILEE.

  • Agoraphobic Plumber

    Bob/Gary,

    Well….I’m aligned with the tea party. I’m currently working on my master’s degree. I know you probably consider that “uneducated”, but hey, I’m working on it.

    My IQ, while not tested for awhile, 15 years or so ago tested at 141. Not genius-level, but not bad.

    On the other hand, I AM a God-fearing man, so I suppose you’ll peg me as a knuckle-dragger for THAT. And I DO live in flyover country, which I suppose is grounds for throwing my opinions in the trash in your book.

    If your name-calling is supposed to convince me that reducing government spending is bad, I don’t think you’re succeeding. And one of the many beauties of America is that for the most part, my vote counts the same as yours does.

    If you don’t like America, though, perhaps it is YOU who should get your own country. I plan on fighting for this one any way I have to.

  • Charles

    The article said…

    “#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.”

    How do those numbers work? How many on Medicaid are also counted as uninsured?

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