The Beginning Of The End
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30 Signs That The U.S. Economy Is About To Go Into The Toilet

If you think the U.S. economy is bad now, just wait for a few months.  Things are about to become absolutely nightmarish.  None of the long-term economic trends that are hollowing out our economy have been addressed and more bad economic news seems to come out virtually every single day.  Now there is constant talk of the "next recession" in the mainstream media.  But did the last recession ever truly end?  The number of good jobs continues to decline, more stores are closing, incomes continue to go down, credit card debt and student loan debt are soaring, the housing market resembles a corpse, the number of Americans living in poverty continues to rise and government debt is at unprecedented levels.  We are losing blood fast, and almost all of our leaders are either too corrupt or too incompetent to be able to do anything about it.  The U.S. economy really and truly is about to go into the toilet, and if something is not done very quickly we are going to experience a complete and total economic disaster in this nation.

Americans have been promised over and over that this economic downturn is just "temporary" and that things will return to normal soon.  During this upcoming election cycle, the Democrats will swear that they have all the answers and that if we just elect them everything will be okay.  The Republicans will also swear that they have all the answers and that if we just elect them everything will be okay.

Well, both sides are lying.  The economic plans of both major political parties are a joke.  Neither of them can restore economic prosperity to this nation.

Our politicians could delay the coming economic collapse by borrowing gigantic piles of money and pumping all of that cash into the economy.  But stealing from our children and our grandchildren is not exactly sound economic policy.

Yes, the U.S. economy is in bad shape right now, but things are about to get even worse.  The long-term problems that are destroying our economy have not been fixed, and the leaks in our ship are going to continue to grow.

The following are 30 signs that the U.S. economy is about to go into the toilet....

#1 An increasing number of unemployed Americans have become so desperate that they have started to look for work overseas.  For example, the number of Americans that are submitting applications for temporary work visas in Canada has approximately doubled since 2008.  Other Americans are willing to learn foreign languages and travel to the other side of the world if that is what it takes to land a decent job.  Just consider the following quote from a recent USA Today report....

Job placement firms are reporting a surge in American worker interest in booming economies such as Hong Kong, Singapore, China and, increasingly, India. Hunt Partners, an executive search firm, estimates that it's getting 50% to 100% more unsolicited résumés from Americans looking for Asia-based positions today than before the recession.

#2 When Barack Obama first took office, the official U.S. unemployment rate was 7.6 percent.  Today it is 9.1 percent.

#3 The number of Americans that are concerned that they will lose their jobs continues to hover near record highs.  According to Gallup, 30 percent of all employed Americans are worried that they will soon be laid off.

#4 After three straight years of very high unemployment, you can feel frustration and desperation in the air almost everywhere that you go.  Many unemployed Americans are now at the end of their ropes.  The following is from a testimonial that was recently posted on The Atlantic....

The most difficult part of the job search is:

1. that I don't live near a factory or outsource outlet in China, India, or Malaysia.

2. trying not to appear desperate for a job when I am, in fact, quite desperate for a job.

3. that I am subject to everyone's advice on how to get a job, but no real job leads.

4. that I am reminded that having a good job is not an entitlement.

5. that when I become depressed from my job search, I'm told told to cheer up or else give a bad vibe to prospective employers ... yet when I become happy through non-search related activities, I am reminded that I should be looking for work

7. that when I confide to friends and family that I have "given up" to pursue more fruitful interests,  it elicits a crushing look of disbelief, disappointment, and disgust

8. waiting for permission to give up.

#5 The percentage of American men that are employed continues to plummet.  In July, only 63.5 percent of all men in the United States had a job.  Since 1948, that number has only been lower one time (63.3 percent in December 2009).

#6 Back in the 1950s, manufacturing accounted for about 28 percent of U.S. GDP.  Last year, it accounted for just 11.7 percent.  Meanwhile, manufacturing now accounts for about 25 percent of GDP in China and they now actually have more factory production each year than we do.  Sadly, Barack Obama is pushing for even more trade agreements that will send millions more of our jobs overseas.

#7 The percentage of Americans that are working low paying jobs continues to relentlessly march upwards.  Back in 1980, less than 30% of all jobs in the United States were low income jobs.  Today, more than 40% of all jobs in the United States are low income jobs.

#8 According to John Williams of shadowstats.com, after you add in all short-term discouraged workers, all long-term discouraged workers and all Americans that are working part-time because they cannot find full-time employment, the real unemployment rate should be approximately 23 percent.

#9 We are starting to see another huge wave of store closings and layoffs.  For example, the parent company of Payless stores has announced that it will be permanently closing 475 stores.  Borders is in the process of closing every single one of its 399 stores.  Also, Bank of America has just announced that it will be closing about 600 branches, and that could result in the loss of about 30,000 good jobs.

#10 Median household income has fallen for three years in a row.

#11 Americans are really starting to rack up consumer debt once again.  According to Time Magazine, U.S. consumers are on pace to collectively add 54 billion dollars in credit card debt in 2011.

#12 Student loan defaults are rising very sharply. Just consider the following excerpt from a recent New York Times article....

The share of federal student loan defaults rose sharply last year, especially at for-profit colleges and universities, where 15 percent of borrowers defaulted in the first two years of repayment, up from 11.6 percent the previous year.

#13 According to a chart in The Economist, whenever the number of newspaper articles in the Financial Times and the Wall Street Journal that mention the word "recession" goes over 1,500 in a particular quarter, the U.S. economy almost always goes into a recession.

#14 The U.S. housing crash just continues to get worse.  The index of home builder sentiment put out by the National Association of Home Builders fell once again during the month of September.  With such a glut of unsold foreclosed homes on the market, it is making things really hard of home builders.  Things have gotten so bad that even the U.S. government now owns nearly a quarter of a million foreclosed homes.  The impact of this housing nightmare on families has been absolutely devastating.  Just check out what a recent Time Magazine article had to say about what has been going on in California....

The impact on children has been brutal: since 2007, 7% of the state's children have had a foreclosure process started on their homes, the fourth-highest level in the nation, according to a study released this month by the Annie E. Casey Foundation.

#15 Many believe that due to much tighter lending standards, it is now harder to be approved for a mortgage than at any other time since World War II.  This is absolutely crushing the housing market.

#16 Most Americans don't seem to expect housing prices to recover for an extended period of time.  One recent survey found that 54 percent of Americans believe that there will not be a housing recovery until "2014 or later".

#17 The combined debt of the largest GSEs (Fannie Mae, Freddie Mac and Sallie Mae) has increased from 3.2 trillion in 2008 to a whopping 6.4 trillion in 2011.  If that debt goes bad, U.S. taxpayers will be left holding the bill.

#18 There are now nearly 50 million Americans that do not have health insurance, and the percentage of Americans covered by employer-based health plans has fallen for 11 years in a row.  Meanwhile, Americans now spend about 3 times as much on health care as they did back in 1990.

#19 The Postal Service has publicly announced that it is "on the verge" of financial collapse.

#20 The number of small businesses continues to fall.  I recently noted this fact on The American Dream Blog....

The number of "self-employed" Americans continues to rapidly shrink.  According the Bureau of Labor Statistics, 16.6 million Americans were self-employed back in December 2006.  Today, that number has shrunk to 14.5 million.  Even though we have 14 million unemployed people in this country and jobs are incredibly difficult to come by, the number of people trying to work for themselves continues to decrease because the environment for small businesses in this country has become so incredibly toxic.

#21 American consumers have become tremendously pessimistic.  According to one recent survey, 61 percent of all Americans believe that they will not return to their "pre-recession" lifestyles until at least 2014.  According to a different recent survey, 39 percent of Americans actually believe that the U.S. economy has now entered a "permanent decline".

#22 Many U.S. investors certainly seem to believe that trouble is coming.  According to CNN, last month the number of bets against the S&P 500 was the highest that we have seen in about a year.

#23 The number of U.S. households that are "doubling up" continues to grow.  According to the U.S. Census Bureau, the number of combined households has increased by 10.7 percent since 2007.

#24 When Barack Obama moved into the White House, the average price of a gallon of gasoline in the United States was $1.83.  Today it is $3.58.

#25 The number of Americans living in poverty grew by 2.6 million last year.  That was the largest increase since the U.S. government began calculating poverty figures back in 1959.

#26 Back in the year 2000, 11.3% of all Americans were living in poverty.  Today, 15.1% of all Americans are living in poverty.

#27 On Barack Obama's first day on the job, there were about 32 million Americans on food stamps.  Today, there are more than 45 million Americans on food stamps.

#28 If there is a financial collapse in Europe, that will definitely plunge us into another recession.  Right now, things do not look promising.  At this point, headlines all over the world are proclaiming that Greece is dangerously close to defaulting.

#29 At some point soon, investors all over the globe may decide that it is time to start dumping U.S. government debt.  For example, Chinese officials are now openly talking about the need to "liquidate" their holdings of U.S. Treasuries.

#30 The U.S. national debt continues to explode in size and spiral out of control.  According to Professor Laurence J. Kotlikoff, the U.S. "fiscal gap" increased by about 6 trillion dollars last year.  In fact, Kotlikoff makes a compelling argument that Greece is actually in better shape financially than the United States is.

Do you now understand how much trouble we are in?

The long-term trends that are destroying us continue to get worse.

The United States is steamrolling directly toward an economic collapse.

When this economy hits bottom and splatters all over the place, it is not going to be easy to fix.

The America that we know today is going to be wiped out by a gigantic mountain of debt and by the consequences of decades of really bad decisions.

We were handed the keys to the greatest economic machine in the history of the world and we have wrecked it.

So prepare for really, really hard times ahead.

The era of endless prosperity is ending.

Next comes the pain.

 

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  • Richard Weil

    One can pick and choose bad statistics to get the worst possible viewpoint, so I’d say the list is a bit biased. But I agree that things aren’t good, and as several posters have noted fearful people do stupid things (but does anybody really think electing Perry will turn things around?). Unfortunately no mainstream poiticans have had the courage to talk about the real problems facing this country or, for that matter, that the US is in decline at least relative to the rest of the developed world. For example, the 9/11 anniversary would have been a perfect time to ask about America’s place in the world, and where we are going, and why the attack even happened, but it’s easier to shout and wave a flag.

    On the plus side, maybe when things do get bad enough people will wake up and start demanding answers to some very serious questions. My guess is that the US will eventually abandon Afghanistan to a pupet government that will quickly fall to, or at least form a coalition with, the Taliban, after which China will move in–probably with Pakistani help–and take out all the minerals it can. (They already have an agreement to mine there.) At least parts of Iraq–the oil areas–will end up under Iranian control too. When the American public sees these sorts of things happening the results could be very ugly, at least for those in power.

    And, as side benefits, maybe a country going broke will finally stop trying to run the world through dictators and client states, not to mention give up a ridiculous “war on drugs”. But it will be a miserable time. Add in peak oil, climate change, and who knows what else, and I think America will be lucky to end up something like England. A midlevel power living with the memory and physical remains of its imperial past. Most people have an adequate standard of living, but with shrunken existences and limited future opportunities compared to those few at the top. And the hell of it is it didn’t have to be like this.

  • Big E

    I also thank you for the work you do. I also spend long hours in front of my computer researching. I would love to hear more from expatriates who’ve made the leap. This is very important, I have no contacts in other countries so I’m having a difficult time prepping to make the jump. Family thinks I’m crazy but I’m ready ..I have skills and schooling , just need to connect the dots.

    • Michael

      Moving to another country is definitely not an easy thing to do. It isn’t even easy spending a few months in another country. It is definitely something that needs to be prepared for and researched carefully.

      Michael

    • El Pollo de Oro

      Big E: I’ve done a considerable amount of traveling in Europe and have a lot of friends and business contacts in Europe as well as in Latin America and Australia. Moving to another country isn’t impossible, but it’s very difficult. For one thing, the immigration laws in other developed countries can be really tough for Americans. And another problem many Americans have is the fact that they’re monolingual, whereas people from the Netherlands, Germany, Sweden, Austria, etc. often speak three or four languages proficiently.

      But I don’t blame you for wanting to leave The Banana Republic of America. This country is an absolute basketcase (although things are really tough in parts of Western Europe as well, especially Spain).

  • ractivist

    Read “The True Story of the Bilderberg Group”.

  • ractivist

    This book lays it all out, it is the government stupid.

    A SUBVERTED AND CORRUPTED GOVERNMENT FOR THE GOVERNMENT BY THE GOVERNMENT OF THE GOVERNMENT.

    A one world government, a one world corporation, a fascist totalitarian nation is in the making. Consider GE and Jeff Ihmelt, they own Obama and are working to over take many areas of business, now they are expanding into the finance sector, hhhmmmmm.

    Could it be any more transparent? I agree, a total collapse is coming, after all, they have stated that is their intention. Dismantle this Republic brick by brick and rebuild it in a socialist framework. America’s sovereignty must be destroyed, so they are doing so thru economic warfare. Once we collapse financially, the civil society will collapse under the weight of starvation. Looting and riots will go unchecked in most places, Marshal law / state of emergency and a lock down. Disease will run rampant in short order and large percentages of the population will die. Again, that is their plan, it has been stated many times. Holdren and the secular elites want to cut the worlds population by 75 to 90%. Remeber Bill Ayers planned on killing 25 million in his revolution. To know Ayers is to know Obama, and Ayers has visited Obama in the WH numerous times, as had George Soros who also has America targeted. Many people know this truth, I hope you consider it.

    The premise, the prism one must look thru is very basic, they are out to destroy us. Once one accepts this, one recognizes how every action is working towards this, while every speech is a total lie that elevates him to the uninitiated useful idiots. Come Lord Jesus, I expect to see him in the sky in the not to distant future as well. The signs of the times are quite evident. Stock up folks, food, friends and fortresses (God first). Beans, bullets and bandaids, God guns n grub. Use your time wisely and stock up, make plans, organize amongst like minded friends (strength in numbers) and be sure to have a ham radio to communicate with patriots nationwide. God bless, Mark Thompson

    • James

      “Use your time wisely and stock up, make plans, organize amongst – like minded friends – (strength in numbers) The only friends I have are from sites like this. My neighbors think I walk around with that tin hat, so I have learned I have to keep my mouth shut. I know my neighbors are my friends, but when that day comes when the SHTF, I think that friendship will disapear and they will point a finger at my house to give themselves one more day without being taken away themselves. When Obama says, “God is on our side, God bless America”, I want to run for cover knowing that something is coming this way, and it ain’t going to be pretty for anyone on the continent. None of us should believe anything that comes out of his mouth, especially when he really says something like that, that he really can’t believe himself. Someday, not on this earth, I hope to meet all of you. From a true believer, God bless you and your loved ones.

    • Christy Di Lorenzo

      Yes, Ractivist you are so right! Our government is corrupt on both sides of the aisle, run by Luciferians hell bent on global government, and enslavement of the population. People please stop the anger and judgement on your fellow man. Love eachother, and get prepared to help yourself and others when the economy implodes, which it will by design. Our government has been squandering money, so we will go bankrupt, and demand they solve the problem, then they will restructure a socialist society. They create the problem, cause chaos, then implement their desired solution. Please go to prisonplanet.com or read about agenda 21, bilderberg group, council on foreign relations, federal reserve, etc. most of all read the bible in Revelations. Jesus is coming back soon, and boy do we all need Him soon!!

  • Paul

    About to? About??

    Been there since 2001.

  • BSH

    Okay, fine, the economy sucks, and the government caused the problem and won’t do anything about it.

    So what’s the solution?

    • Zach

      UUmmmmmmmmmmmmmmmmm, Wooooorrrrrllllllda Waaaaar 3!!!!!!!!!!!!!!!!!!!!!!!

  • http://americanpoor.com billy bob

    Gary , why don`t you go and do something in life that is productive to make some money , So we can Tax the hell out of you .Oh thats right , We have makers and takers , and we all know what Gary is.

  • ron

    Funny how many posts on other sites support the president.I tell people that his actions are that of someone out to destroy the country.

  • Souheil Bayoud

    And I gave her time to repent of her sexual immorality,and she did not repent.Indeed I will cast her into a sickbed.Rev 2:21-22

  • http://www.artistphotogintheraw.org Russ

    One cause for loosing jobs in manufacturing is those that make things over seas are often not paid a fair wage, which stops the prosperity cycle since they cannot buy things we make. We used to make it here, sell it here, and buy it here. An international agreed upon minimum wage or get taxed on their exports to advanced nations would reverse the trend and generate a tremendous economic engine that has been destroyed by corporate greed. Please, pass this along!

  • http://www.maxkeiser.com/ Ben Dover (America)

    To sum up, all of the above ‘solution’: Ron Paul, 2012.

  • http://www.maxkeiser.com/ Ben Dover (America)
  • Jonathon

    Democrats are bankrupting America by buying votes. Obama must go or America’s days are over.

  • Oslanod

    How do you expect me to belive the rest of what you have to write about…???!!! You mention in point #24 “When Barack Obama moved into the White House, the average price of a gallon of gasoline in the United States was $1.83. Today it is $3.58.” ************** I remember the gas hikes every summer when Bush Jr. Was president so dont try and pawn it off on someone else.

    • Rhondaroo

      It’s because everyone will blame whatever president in office for our negative things! I think gas was actually more than that though! I think it was years and years ago that gas was 1.83$ times are hard for everyone and I hate it! Just like anybody else I hate seeing our country having trouble but I’m not going to blame one person or president for it!

  • Ray

    Just some food for thought. I came across an article saying that Bank of America got the feds to allow them to merge their 75 trillion dollar derivitive branch into their already troubled FDIC insured bank, putting the FDIC on the hook for the whole thing. This is the same FDIC, who is already broke. At least we can all rest knowing the speculators will be made whole from the fruits of our toil.

  • rvsujit

    why the president of America not focusing on increasing agriculture productivity? Increasing food production can save the America. Many may feel it is a silly solution,but if you look at the increasing number of people on food stamps(nearly 45 million people) in America, it is somewhat a better solution.My strong feeling is that only farming can save America and no economic reforms and bailouts are going to save America from these dark days.If scarcity of food arises, then who will provide food to these 45 million people living in extreme poverty in America? Do the president of United States of America has a answer to this question?

  • http://terrorismbreedsterrorism.wordpress.com ebb

    the whole world’s banking system is corrupt and controlled by too big to fail and jail banksters, It is dysfunctional since it is actually a Huge Federal Reserve [Credit swap Derivative] Ponzi scheme to make rich richer on backs of the main Street labor and production

    see

    See
    |>
    Hedge Hogs; Gold Man’s Sacks; “financial terrorist attacks;” and the Obama sellout:

    http://abusalmandeyauddeeneberle.wordpress.com/hedge-hogs-gold-man%E2%80%99s-sacks-%E2%80%9Cfinancial-terrorist-attacks%E2%80%9D-and-the-obama-sellout/
    |>
    SUPER COMMITTEE BIG BANK ROBBERY and “this sucker” going down
    http://abusalmandeyauddeeneberle.wordpress.com/super-committee-big-bank-robbery-and-this-sucker-going-down/
    |>

    Terrorism by Economic Collapse, debt bondage, money as debt on interest, etc

    http://terrorismbreedsterrorism.wordpress.com/terrorism-topics/terrorism-by-economic-collapse/
    |>
    Derivatives ‘Mother of All Bubbles’ exploding

    http://inlightofrecentevents.wordpress.com/derivatives-%E2%80%98mother-of-all-bubbles%E2%80%99-exploding/

    |>

    Super rich 1% vs 99 %; Terrorism Cycle: Guillotines: Occupy “ALL” streets

    http://inlightofrecentevents.wordpress.com/derivatives-%E2%80%98mother-of-all-bubbles%E2%80%99-exploding/

  • YOOOOOOOOO

    So this article keeps pointing out tas if Obmam started it or made it worse- REGARDLESS who we have in office, it would have STILL gotten worse- you think Falin and old hot head MCLAME would have done any better? Hell no. It’s the ELITE causing this destruction. Hold on, it’s coming!

  • Craig

    I would get out of debt and do the buddy system ..If you can sell your home and move in with someone else , I would consider that.

    I would not carry any burdens .There is some validity to what is said , the question is When will all this take place .. Five years ? 10 years ?? Never???

    The Great Depression is a example to what can happen but in this example today , there are no jobs to come back to.

  • Lavera Compston

    FIRST ON THE 4TH VIDEO ON THE PAGE

  • ad d

    Now, here in March 2012 we’re being told again that the economy is improving. The stock market yesterdsy finished at a record high since the crash of 08. The media is telling us that things are great. All know it’s non-sense, but the lies continue to try and put us to sleep while the globalists finish their work to destroy the US. Business’ send me, personally numerous emails daily begging me for my business as they barely hang on by a thread. And I’m supposed to believe that things are getting better. The lies aren’t working this time. Most I know are waking up from their slumber. Realization of what is really happening is growing. Nothing short of sparks flying will halt this mess.

  • Kaylee Morgan

    America is heading for bankruptcy and those running the show in DC are damned to hell! Crooks. Thieves. Liars. Deceitful & Wicked.

  • Ted

    I’m am not trying to rub salt in anyone’s wounds, but things are going very well here in Asia. It’s booming. I left America in early 2008 and it seems to have been a great decision. I am not rich, but I have many career opportunities even though I am 55. I know it’s too drastic a leap for most. I am homesick sometimes, but it sounds so bad there that I guess I should just stay put and be grateful.

    • Zach

      Yes!!! You should stay if life is good there. I worked in Canada for over a year, making $2400 a week in 2011. My wife got homesick and we moved back to GA. Two years later, I still can not find employment (even with Bach. Degree), getting divorced and am a single parent on welfare. I am just wondering when it will all end!!!

  • Todd

    It’s been a few months, actually several, since this (and many other dire, imminent headlined posts) was posted. Are things significantly more nightmarish now than they were back in September?

    You know this kind of prediction has been around at least since the 1970′s when Howard Ruff was saying the total collapse of the US economy was imminent. After having heard about 40+ years of this claim, I can’t help but notice it still hasn’t happened.

    That’s not to say it won’t. All folks like you have to do is keep predicting the dire and imminent collapse of everything to instill panic in everyone (instead of doing something productive like running for office or otherwise trying to contribute to solutions) and I’m fairly sure it will happen one of these days …

    Of course, if enough folks decide to try to take some responsibility instead of crying doom and gloom all the time, it may take another 40+ years. Who really knows?

    The world is full of folks who claim to understand how the global economy works, but the fact is that we are now in a completely new paradigm for which there are no tried and true precedents, proven theories, or applicable charts or studies.

    Truly professional economists have been admitting for a while now that no one really understands all the implications of what is going on any more. So how about everybody get a life and try to make America a better and stronger country (and the world, a better world) instead of all this crap?

  • Anonymous

    It must get better, it has too.

  • Dan

    Everyone talks about JOBS but no one talks about JOBS that PAY THE BILLS! Why is that? What good is a $10/Hr JOB to a grown person with 4,0000/Mth of BILLS to pay? Dont people have the right to earn enough money to pay the bills and EAT HEALTHY? The people WITH the money are doing a GREAT job at making the people without the money feel they should just be thankful for whatever they get like a homeless person on the street and you have no right to complain. And what about those of us that dont want a JOB but to be in business for ourselves? Banks found out that giving people loans strictly and sloely based on credit scores was a bad idea but instead of changing the errors of their way what do they do? Make it even harder to get a loan? Back in the day when our Grandparents came off the boat were they approved for a loan based on cradit score? NOPE! And did 80% of businesses go out of business back then? I doubt it. I heard a story about an immigrant who worked three years sweeping floors in a barber shop and was able to save up enough money to BUY HIS OWN SHOP! Try doing that today!

  • Tony

    Um… actually Europe is a big place, and there are many countries in worse condition than the US. However, there are many places signifigantly better: The American Economy is in far, far, far worse shape than Finland, Norway, Sweden, England and where I live in Switzerland. Germany is still suffering permanant pain from the reunification with East Germany, and the fact that they need to provide credit for third world-like nations such as Spain and Greece where there is no hope left for really any solution. Germany is shouldering a huge amount of this load and at the same time continues to be a better economy than the US.

    This article is very, very negative about the US. America has a history of doing something effective about the different crises it has encountered. But now there seems to be no real interest… like no one wants to take the wheel of a ship heading for an iceberg.

    I would prefer to see more positive things being written about America. However, the blackness of this “wake up” article speaks volumes. The reality that Americans have faced in the last 3 years and the realities they must face in the future are in fact harsh.

  • Degaz

    Here we are 2 years after this was written and they are still able to kick the can down the road. Amazing.

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