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.
What matters most despite this economic crisis that the US is struggling with is to hold on together instead of pointing fingers at the government. We can only do so much and let us exert all our efforts in cooperating and stop becoming passive of what’s happening to our country.
“Squeeze the Charmin” anyone?
Seriously? What matters is that people know who to point their fingers at. Government and Money junkie Street are to blame for this fiasco. Greed to the infinite power along with dangerously and hopelessly corrupt government are clearly to blame for this massive economic collapse…………
Yes, let us all hold hands and sing “Kumbaya”. NOT! Hate to burst your bubble, but the Government IS the problem.
wow. i gotta go and hug my kid and complete my preparation.
Next comes the pain.
This is the absolute truth. America has only tasted a little bit of what is to come. I heard one man say that if you make $20,000 or more per year, you are in the top 1/2 of 1% of rich folks in the world.
Now that is something to think about. Are you in the top 1/2 of 1%? Be thankful and start preparing to be in the bottom 99.5%!
We know the solution-Tax the rich and spread the wealth. Its really that simple.
Ahhh – The Reagan Revolution. Trickle, trickle.
30 years later, the middle class virtually destroyed, our infrastructure on a par with El Salvador – and the rich richer than they’ve ever been. Ever.
I know, I know; if we’d only eliminate all taxes for job creators – everything would be fine again.
Time to drop another job creator in the toilet.
Obama Millionaire’s Tax: President To Seek New Tax Rate For Wealthy
Finally tax the ***** rich and spread the wealth.
Easily 80 plus percent of the people in various pools say the first thing we need to do is to “TAX THE RICH” over 80%!!!
The repubes want to raise taxes on the poor and whats left of the middle class and cut them further for the rich. I think the time is coming for some major wealth redistribution similar to London. The poor and formerly middle class are pushed to the brink.
I’m so completely not shocked by your perpetual display of willful ignorance, blind stupidity, meaningless platitudes, and disdain for humanity.
There are none so blind as those who refuse to see.
Makes me want to take my taser out to a homeless camp…again.
Immoral actions lead to immoral outcomes: Anybody who is strong enough to “tax the rich over 80%” is also strong enough to make sure that the tax revenue goes to him.
That is basically what is already happening:
The super-rich are not getting their wealth from the free market, no. They get their impossible riches from the taxpayer.
In other words:
More taxes = more money for the super-rich
What we need is less taxes and no more bailouts.
Hmmm…. Another liberal.
Liberals believe that all the money belongs to everyone and that no one person should hold or horde it.
Liberals do not believe they have to work hard for a living. Liberals in fact very much embrace the socialist and communist models of equalizing property and finance among all peoples despite any one person’s actual ability to do a job.
Yeah; I’d say you pretty much described your position.
They may tax the rich, but they won’t be “spreading” the wealth.
Not sure which “pool” you were in, where 80% said to tax the rich, but you still might want to head to Cuba where they already follow your plan. It is working real well for them. All the rich are government officials and the rest have left for less taxing environments…
So instead of changing this country into some marxist backwater, why don’t you just emigrate to a place where the folks are like minded?
Gary2
Taxing the rich will delay and dampen the fall for the lower end of the economic ladder but we’re falling none the less. Wealth needs to be created.
I do think the claim that “The Rich Create Jobs” has lost a lot of it’s merit. Once upon a time when the goods “The Rich” bought were made in the USA the concept of bleeding off their wealth being counter productive had merit. When what they buy is manufactured out of the US the jobs they are creating are not here. If you taxed them more would they not go out to dinner as much thereby reducing the “service economy”.It’s highly doubtful even if they did the impact would not be more then offset by feeding more poor.
I don’t think taxing the rich will have the negative economic impact it once had. However it will not fix the problem either.
I am happy to slow down the fall then. It will buy time to find a more perm solution.
Time to declare all out war. It’s no secret anymore. We are coming for you rich people. We’ve taken all we can take, and we aren’t buying your BS anymore.
You’re wrong there. ANY job that is created needs capital. It’s THAT SIMPLE. You take MORE capital away from those who create jobs, and there will be fewer jobs.
http://www.foxnews.com/politics/2011/09/20/irs-data-show-most-millionaires-pay-taxes-at-higher-rate-than-middle-class/.com/politics/2011/09/19/obama-yields-to-liberal-outcry-on-entitlement-reform/
Hey Gary, care to comment??????
Of it is on fox in is not news but propaganda trash that intelligent people disregard.
Nice try Gary…your response is what I expected. Next time go to the source!!!
Hint: IRS
Good find!
Gary, you never have anything new to say…
Because if the wealth is not spread more evenly nothing else will matter. I keep saying it because the wealth and income inequality is the biggest issue that all other issues arise from. Solve that and most other things will also be solved. One example-if the rich are not so rich they will not have the money/power to buy government like they currently do. If they can not buy government then maybe just maybe we will get campaign reform etc etc.
London didn’t redistribute any wealth. They had riots that cost everybody, and made the whole country less.
I started to respond earlier today and had to stop. I still wonder (sevreral hours later) how can you breath? with your head up your own…
Do you know the difference between a conservative and a liberal Gary?
Conservative want everyone to have the same opportunities.
Liberals want everyone to have the same outcomes.
But my friend we do not even come close to everyone having the same opportunities.
My definition of conservative-selfish pig I got mine screw you and liberal-willing to help others.
Selfishness could be substituted for republican/conservative as they are the same.
I direct you to the recent repube moran-a-than where they said to let the uninsured guy die.
Disgusting right wing libertarian scum.
You have got to be the single biggest dumb ass I have ever read in my life. We would need a jaws of life to remove your head from your ass. You have NO F***ING CLUE about how an economy works yet seem to believe in your theory craft which has been PROVEN to be wrong. Yet here you are like the heretical dumb ass you are spreading verbal diarrhea where ever you go. I could give you a HUNDRED links to educate you about what’s been done in nations over the planet throughout the history of the world, and you’re too damn dumb and willfully blind to learn.
Do these two SIMPLE things.
1) Show me a SINGLE study showing us that raising the taxes on the “rich” who already pay 70+% of all taxes makes the poor ANY welathier (hint, it doesn’t therefore it doesn’t exist)
2) Explain to us how taxing Buffet more on his post tax dollars helps make his secretary any wealthier, assuming he doesn’t fire her because of lost profits.
) Show me a SINGLE study showing us that raising the taxes on the “rich” who already pay 70+% of all taxes makes the poor ANY welathier (hint, it doesn’t therefore it doesn’t exist)
In the late 1990′s real income for the poorest % actually increased and taxes on the rich were higher.
I think it is you who have your head up Rush’s rear. I just proved you wrong.
2) Explain to us how taxing Buffet more on his post tax dollars helps make his secretary any wealthier, assuming he doesn’t fire her because of lost profits.
To all low info rush listeners: I found this on the daily kos and its so true. You are the problem–teapublicans.
We hear Millionaires who host Radio shows brainwash their middle to low income listeners into falsely believing that Taxing the rich 3% more will be worse for the US Economy than what we have right now.
Millionaire Talk Show host can’t possibly be the ones chanting “don’t tax me 3% more” so they get their brainwashed audience to do it for the millionaires. Meanwhile we have crumbling bridges.
— I always envision Rush Limpba//s, Sean Insanity, GlennDUH Beck et al laughing AT their audience all the way to the bank.
(D) Here’s how brainwashed the Tea Party Individuals have become.
We have: crumbling Interstate bridges, police stations closing, fire departments closing, hospitals closing, schools closing, 23% cuts in food programs for women and their infant children (WIC) and many more but the Tea Party Individual chants “We can’t afford any of those things”
http://www.dailykos.com/story/2011/09/20/1018489/-Foxs-Greta-is-Enraged-UnGlued-t-Give-a-Damn-about-the-Poor?via=siderec
Gary2
September 20th, 2011 at 8:59 pm · Reply
The United States has lived under the Bush Tax Cuts since 2001. 10 years later, the Poverty Rate has reached its highest level since it started being recorded in 1959
But an increase in the number of Americans living in Poverty is not all now we can to the “LOSS” of quality of living in the USA due to the Bush Tax Cuts:
- Your Bush Tax Cuts At Work = Crumbling/Closed Interstate Bridges
- Your Bush Tax Cuts At Work = Crumbling Interstate Roads
- Your Bush Tax Cuts At Work = Closed Police and Fire Departments
- Your Bush Tax Cuts At Work = Hospitals Shutting Down
- Your Bush Tax Cuts At Work = Air Pollution Rising
- Your Bush Tax Cuts At Work = Schools Shutting Down
- Your Bush Tax Cuts At Work = Uninsured in USA INCREASES
- Your Bush Tax Cuts At Work = Unemployment INCREASE
- Your Bush Tax Cuts At Work = Income Gap Between Rich and Poor Increases
- Your Bush Tax Cuts At Work = Stagnant US Economic Growth
Could these be Bumper Sticker ideas for the 2012 Election.
More money for single payer healthcare and a much more robust safety net.
It is obvious that you are using fox news.
Please get off the tea tanic talking points. please think for your self.
answer to your second question:
More money for single payer healthcare and a much more robust safety net.
It is obvious that you are using fox news.
Please get off the tea tanic talking points. please think for your self.
I messed up on my cut and paste from my post on Michaels other site
PS-when you look at all taxes and not just cherry pick the income tax the rich pay less than the poor as a % of their income.
Facts are facts. Again turn off fox and think as your 70% figure is so obviously incorrect I can’t believe you would even quote it.
America has been taxing the rich who pay the vast majority of the federal income taxes for the last 50 years and spreading tens of trillions of dollars around in redistribution. Look where the redistribution welfare entitlement ideology has gotten us – bankrupt!
Europe socks it to the rich far greater than America does. Look where taxing the rich has gotten them – financially bankrupt welfare entitlement countries.
Yes, I do see a pattern here by the centralized planners – imploding economies and huge government debt.
Your class warfare, class envy and hatred are not quality traits to have.
Government taxing income is THEFT! It’s immoral and inhumane.
why is it class warfare when we want to tax the rich but not class warfare when we the poor bail out the rich and continue to cut their taxes while cutting programs that help the poor?
I would direct you to the Scandinavian countries who have socialism and are doing quite well.
Europe is in the mess they are in due to coping the ways America does things.
Why don’t you move there?
You’re gonna have to define your terms more clearly.
For most of us, the poor are the 46% of the population who pay no taxes, but receive what is paid in by others.
The middle class is the largest group of taxpayers but they cummulatively pay in less than the rich. Hence the top 1% of earners pay the highest percentage of taxes already and you want to increase that amount for some reason.
Your claim that the poor bail out the rich… The poor, who pay no taxes… bail out the rich…
If you are paying taxes, then you are not poor Gary. You may not have as much as some, but you do have more than others.
Most conservatives don’t advocate cutting programs which help the poor. Washington DC lays the poor, the military, the children, on the sacrificial table everytime the subject comes up. Their rich, why don’t they cut their own salaries? why don’t they cut aid to foreign countries who would like to see us bombed into oblivion?
Conservative do advocate some things, cutting benefits to drug addicts, I have to pass a drug test to work (truly I do) why don’t they have to be drug free to gat a benefit?
I think the right to vote should be restricted to tax payers. If you want to vote then earn a paycheck and pay tax.
I’m not goin’ to scandahoovia. Direct yourself there.
Europes union woes are our federal fault? I don’t think so.
In closing, you regulartly tell us your side is winning, I truly hope not. If “your side wins” we won’t have scandahoovian socialism. We will have the return to the dark ages, peasants and lords. You and I both will be peasants, not lords.
Peace
It was both Dems and Repubs who voted for the bailouts of Wall St. It should not have been done….The difference is taking money from taxpayers and giving it someone else is WRONG whether it is a banker or a poor person…
Since LBJ we have spent TRILLIONS of dollars taken from taxpayers and given to the poor, and guess what we have more poor, not less.
It doesn’t work
Gary:
If you live in the US, congratulations: you’re already in the wealthiest 1% of the world.
If you don’t IMMEDIATELY give away all your wealth to those less fortunate, they have the moral right to come with guns and knives to take it from you by force, right?
Please leave your front door unlocked for them so they can put this grand new plan you’ve discovered into effect more easily. You might also consider a blindfold before they put you up against the wall.
About #1:
Are Americans willing to leave The Banana Republic of America (formerly the USA) and move to another country in order to get a decent job? You bet they are. Here’s an example.
In August, a young woman I know here in Philly accepted a high-paying job in Bogotá, Colombia. Although she had a degree from Temple University, she was working crappy dead-end, low-paying service jobs (not uncommon for today’s college graduates) and was buried in student loan debt. She spoke Spanish fluently as a second language, and it didn’t take her long to decide it would be much better to have a high-paying job in Colombia than be painfully underemployed in the BRA. Understandably, she was nervous about living in a city with as much crime, desperation and hardcore poverty as Bogotá—and I told her that yes, she would need to take precautions. Kidnapping is quite common in Colombia and other Latin American countries, where the poor and the desperate do desperate things. But I pointed out that the former USA is now a Third World banana republic—and it wasn’t as though she was still living in a developed country. As Gerald Celente has pointed out, this is the world’s first UN-developing country. The Temple grad grew up in a developed country, but thanks to The White Shoe Boys’ rape of the American middle class, the USA became the BRA and joined the Third World.
And make no mistake: the BRA is a Third World hellhole. The Banana Republic of America has been in a depression since Sept. 2008, and this depression is going to deepen considerably. The pain, suffering and misery will only get worse……….and worse, and worse. We’re seriously screwed.
By the way, I love the toilet paper visual–that is definitely an accurate way to depict the BRA economy.
Good comment El Pollo!
Michael
I’ve got to hand it to you Michael, you sure know how to keep us on our collective toes. I have a very good family friend, a neighbor, a couple of brothers and other friends who now read the blog every day. We read the articles and then discuss them and then we reformulate our plans a couple of times a week. Tomorrow we are picking up a camper to park deep in the woods in case the time comes that we must flee our homes.
My greatest concern is farming for survival. I have seeds and fertilizer, canning jars, a pressure cooker and everything you would need to keep family alive for several years to come. Water should not be a problem for us, but I worry about those who will simply steal from us to sustain themselves.
My group is as prepared in many ways as anybody else I know, but, I am sure we will still suffer in many unexpected ways. I am counting on the Word of God to sustain us and doing everything in my power to be a blessing during these trying times. Tonight I am saying a special prayer for you and all of those who are prepping. Tough times are coming, but, God is good! Thanks again for your constant commitment to your readers. You are a blessing to many.
Wow Highspeed – thank you for spreading the word.
I am really honored that your family and friends take the time to check out the site every day.
When I first started writing I didn’t feel much pressure because I figured nobody would see it anyway.
These days, there is a lot more pressure because I know that these articles will be seen by huge numbers of people all across the country.
So please remember to pray for me – the pressure is on.
Michael
All across the world Michael, and thanks.
Yes, I did not mean to leave the global readers out.
Michael
I hope you’re making money hand over fist doing this!
It’s very informative
Thank you!
It was good to see that Zero Hedge carried your blog article on poverty in America last sunday.
Jake:
Yes, it is a great honor to be featured on a number of really great websites. I always allow them to use my articles for free. The more people that see the articles the more good they will do.
Michael
that’s all because of bad government..
All the republicans want to do is replace taxes with debt.
All the democrats want to do is engage in debt based spending.
It is now time to pay the piper because the US economy can no longer be stimulated with more debt.
http://www.planorperish.com/?p=6186
Our politicians could delay the coming economic collapse by borrowing gigantic piles of money and pumping all of that cash into the economy.
At this point in time, more debt will speed up the coming economic collapse.
If you care about your future, demand an immediate end to any further debt expansion.
economic crisis is everywhere. and the US is not exempted from it. Times are going to continue to
get harder. Better tighten our belts and start saving.
When do we march?
Start praying for Ron Paul…he is good and decent, the opposite to the evil ruling today.
Avoid any violent clashes like they have in other countries, this only damages property of ordinary people like yourself, and the elite don’t care about that….they want that so that they can “bring order out of chaos” !! All part of the NWO takeover plan!
Until the problem of legalized corruption is dealt with in this country, there will be no solutions coming from our leaders. The reality is that our institutions have been corrupted by the influence of money and power.
For example, 8 million jobs can be made available to American workers if the government would enforce immigration laws. These are laws enacted to protect American workers from cheap foreign labor. No one in government wants to enforce such laws for fear of losing the Hispanic vote or incurring the anger of companies which hire illegal aliens.
Another example is revamping the tax code to penalize companies for hiring overseas workers and building overseas plants. No one in leadership wants to do so for fear of incurring the wrath of Wall Street.
When Americans get fed up with the corruption and start demanding reform in government, media, and business, then real solutions will appear.
In Israel there were recent non-violent protests regarding high real estate prices. The government of Israel got involved and moved to implement measures to lower real estate prices. For years, Israelis complained about high real estate prices. The government did nothing. When their roads were blocked by protesters, the government got involved.
Government is only thinking of
what will get them more money
and get them re elected.
They no longer care about the
people they represent.
Times are going to continue to
get harder and harder.
What to do about this?
I am so glad I learned the
answer in a web site I
found put together by a
millionaire.
How to Profit like the Ultra-Rich in Times of Economic Chaos
*** globaleconomicwarning.blogspot.com ***
I know this video can help you also.
“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.”
That is the issue in a nutshell. There is no way out of this coming collapse. We’ve built this disaster over the last 4 decades. However, destruction does offer opportunities. Do we choose chaos followed by repression or do we accept shared sacrifice and slowly rebuild a sane economy based on local and regional values and needs? Meanwhile, keep prepping.
good morning, the usa is was n always will be a nation to look up to, in every aspect of the word.True, it is going through hardship in every which way possible. Maybe it is karma. The way i see it, it is more like self cleansing, with all the earthquakes,fire,typhoons,flood,and etc u name it.From my observation,it might take a decade to come out of this rut. Hopefully, it won’t take much longer,otherwise all of us will be in deep shit.I read somewhere we might have a 3rd world war in our hands,in the not to distant future.Pray it does not happen,as the consequences will be devastating.I sincerely pray n hope the usa will some out unscathed by this financial crisis. GOD BLESS AMERICA
I don’t think so. This is my first comment. I am dumbfounded. Anyway,maybe someone read my thoughts. Ha ha ha.
That’s right, the recession never ended. I’m shocked that most of the media is starting to report real signs of a recession that that never ended on main street. Well here we are. Nothings going to get fixed until people stand up and say enough!
FIGHT THE CAUSE – NOT THE SYMPTOM
OsiXs (Revolution 2.0)
How do you write this stuff every day without taking 50 anti-depressants or being suicidal.
Harpo:
Life is not about what we own.
If you dig deeper, you will find that this site is all about love, hope and truth.
If you are looking for hope, keep coming back to this site. Eventually your eyes will see.
Michael
It helps to be rich all else being equal. I think people keep telling themselves that there is more to life than money to make themselves feel better. I would much rather be rich .
TAX GARY! HE’S RICH!
I wish
God is waiting for us to turn to Him, repent and change our lives…there is no need to fear when we have Him on our side.
There is too much greed/evil in the world now and the whole world cries out for cleansing and getting back to basics and a simple life with God in first place where He should be!
Only then will there be order. “God is the only One who can/will bring real order out of chaos” !
Only then will we know true happiness and peace!
Damn Michael, that is beautiful and you are correct.
And yet everywhere i look i see Mercedes Benz, BMW’s, packed football stadiums, events and concerts selling out at a rapid pace. I see lines at Whole Foods stretched to the door. I see every man woman and child with a cell phone or ipad. I see people wearing the latest fashions and trends. I see people filling up there gas guzzling SUV’S without a second thought and i see rampant decadence like never before. And not to mention, at least 5 new stores and restaurants have opened in town just in the last month alone.
Where is this economic downturn because it sure doesnt look like a third world nation or a banana republic to me. Maybe i live in an affluent area (in northern california) but honestly, i know of no one who is unemployed unless they choose to be. Maybe i am just focusing on the positive and maybe i have faith that things are actually going to be fine economically.
I dont know. i think i am just in an affluent area, but even when i visit other areas in California, i still see prosperity like i have never seen anywhere else in the world.
Perhaps this is what happens when you focus on the positive rather than the negative, I choose to focus on the positive from here on out.
Many of those folks are living on credit cards. Just wait till the final bill comes due.
They will just default. This is their way of redistributing wealth. More power to them.
You do live in an affluent area. Silicon Valley and parts of the financial sector are still doing relatively well. This current crisis is mainly affecting the people that were involved in the housing bubble. It has not fully reached white collar America. Just give it some time.
Ian, I know what you mean. I am confused because I see all these statistics that say how bad everything is, yet, the mall is packed, you can’t find a parking spot at Costco, everybody is on their iphone, etc., just like you said. You wait forever at restaurants and they’re supposedly putting in a Home Depot right near here. And my area isn’t particularly affluent.
I live in southern Oregon (probably not far from you), and on the other hand, I do see what used to be campgrounds that are now permanently occupied (several just within a few miles of here). Crime is up. Families have doubled up around me. I don’t know anyone that is unemployed, but there are signs of trouble around here.
I wonder if people aren’t just living on borrowed time and borrowed money with their heads in the sand.
I have a theory that as long as people’s various diversions (pornography, sports, TV, drugs, alcohol) are not interrupted they won’t get off the couch. The politicians know this and go to great lengths to keep things like these going (like by providing welfare and food stamps so people can use what little money they have to keep the cable on and liquor flowing). I call it my theory of diversions (http://farwright.com/2009/11/17/the-theory-of-diversions). It’s similar to what others call “bread and circuses.” Just my guess.
I’d like to focus only on the positive, but it’s very hard.
Anecdotal evidence is the worst kind, however, I also see in the Milwaukee area these same things. I get done with work around 730pm and its unbelievable the number of cars in the restaurants.
You are generalizing your personal perception. True, there are still plenty of prosperous places around the US, but there are also a riot of hell holes creeping up which were one amazing places. Statistics show it, and if you drive a little further (especially in CA), you will see it. Remember, bread and circus keep us docile.
It doesn’t take long to crumble wants a domino effect gets put in place. Everything can fall to the ground in one, very fast, hiccup.
The real problem is that nobody is willing to make the huge welfare-warfare state smaller.
When somebody proposes that maybe America does not need hundreds of military bases around the world, he gets shouted down by the right.
When somebody proposes that maybe we can no longer afford to feed an exponentially growing underclass that is not just unwilling but unable to pull their own weight, he gets shouted down by the left.
End result: A “compromise” is reached: More wars for the right and more welfare for the left.
Very true. Ron Paul is the only one who will take on both the welfare and warfare state. That is why the media try so hard to ignore him.
He is also a selfish pig and lets people die-see the recent right wing moran-a-thon debate.
Everyone dies Gary.
Gary Ron Paul did not say he should die, he said he should have to pay his medical bills.
The way you think, if you’re in an traffic accident without car insurance the gov’t (taxpayers) should just buy you a new car.
RSteiner,
You nailed it!
That is why the Repubs are scared to death of Ron Paul because he addresses those issues. Bill O’Reilly insults and demeans Ron Paul on a nightly basis.
You haven’t wrecked it, but I’m sure you know who has.
There is a war coming that is already here, and it silently wages a daily battle for our attention…
But up until now, we haven’t given it the attention it really deserves.
That might be about to change…
Well if the last three years of this mess are any indication, I will guess this will drag on for several more years. I think it will slowly get worse, however people will adjust to it as time goes on. The bankers will force the FED to print like mad to keep things above water so to speak. But then one bad rumor might bring down the house. I had to go work in the land of the rocket fairy because I could find anything at home.
Item #1 is spot on. Those who can will soon leave. If I was a young college grad, fluent in Spanish or Portuguese, I’d try to emigrate to South America. Any persons fitting that description should get out now while the getting is good. Things are likely to get ugly here real soon.
Lets not forget about the “Super”committee that is to report in November, just before Thanksgiving.Gridlock is already developing.Obama wants to raise the taxes on the rich, and the republicans say its a no starter.This issue will kill any increase in retail sales for Christmas even if employment for temporary help does increase for the moment.With all thats developing within the US economy, a more perilous situation exists in Europe,#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.This issue if not resolved and Greece as well as Italy,France,Ireland and other default will be the death nell to Western economies including the US.The US banks are heavily invested in Europe and should there be an actual default the US banks will, as they did, will go into default,forcing an economic collapse in the US.
My only advise is to prepare for the worst ?
It’s 4:30 am, can hear somebody going thru recycle bins to retrieve bottles etc – it’s stealing, but they must be desperate. Other stealing: I have coworkers who regularly cheat on their timecards, they clock out, continue to work, clock back in 30 min later, then proceed to leave the premises for an hour or more. Or they run errands on company time. I refuse to cheat or be a thief; I am left alone at noon hour or longer, to ‘mind the store’ but my conscience is clear. The boss knows what staff are doing, but can’t or won’t enforce policy. I can’t transfer out of the dept because there is no place else to go. But trying to stay positive, I’m glad I have work, and see the value of old school work ethics; and appreciate importance of prepping.
Good comment.
Keep hanging in there.
Michael
On Christ the solid rock I stand, all other ground is sinking sand.
AMEN!!!!!!!
AMEN TO THAT! AND IT’S THE TRUTH!
I, too, have been spreading the word and have some new folks reading your website. Thank you again and please keep up the excellent work!
Hello there in North Carolina!
I am really, really thankful for those that share this site with their family and friends. The farther these articles spread the more good they will do.
Michael
The Titanic is sinking. If you’re not climbing into a lifeboat, you’re going down with the ship.
You mean the tea tanic???
Let’s all hope Gary2 can’t find a lifeboat. THAT change would be good.
Wow this article sure brings it home!
I don’t live where there are many people and this article pointed out things I have never considered
http://www.placeofrefuge2012.com
The economy is already in the toilet, and Washington is about to press the handle.
There is no recovery. “Double-dip recession”? Ha! We never got out of the first dip. It may have gotten a little bit better for a few people, thanks to the “stimulus”, Cash for Clunkers, and so forth. But for the vast majority of people, the “recession” never ended. It’s like trying to stick an I-V needle in a skeleton. It won’t work.
The mainstream media loves to gloat about how Governor Perry of Texas has created all these new jobs. Texas has one of the highest rates of new job growth in the nation. Well, guess what? Many of those jobs are minimum wage restaurant and janitorial type jobs. You can’t pay your mortgage when you work at Burger King. Even if you do become manager (aka Burger Flipping Diety) and finally earn enough to pay the mortgage (fat chance!) – there’s still electricity, gas, water, cell phone, daycare if you have young children, etc. It can’t be done.
Housing will never recover unless we get quality jobs that earn enough for people to pay a mortgage. Those jobs are now in China, India and the Philippines. It ain’t looking too good for the US of A, folks.
Obama can’t fix the economy, even if he really wanted to. Neither can Perry, or Palin, or Romney, or Bachmann, or Congress. The problems with our economy go far deeper than what they could ever solve. But they’ll try to convince you they can fix them. All you have to do is vote for them!! If you want jobs, vote for Rick Perry! If you want more hope and change, vote for Barack Obama! Want a hot, sexy babe running the country? Vote for Miss America!
(You thought I was gonna say Sarah Palin, didn’t you?!)
The most obscene hyprocricy imaginable… is to try to appear happy, perky and optomistic when in fact you’re desperate to find any employment whatsoever.
It’s a struggle, but it must be done. No employer wants to hire someone who gives the impression of being discouraged.
Kind of like the story of a waitress that I met many years ago – putting on her happy face, trying to earn a few tips. She went through the usual drill – “Good morning sir! How are you today? Isn’t it a lovely day? Here’s our menu, what would you like to order?” I was tempted to pull her aside and ask her, “Tell me the truth – you broke up with your boyfriend last week, you’re 2 weeks away from being evicted, and you’re fighting to get child support. Am I right?” But I didn’t actually do that..
Theres alot of talk these days about class warfare. I agree. The rich have declared war on the poor. Yesterday when I watched Obamas speech on rasing the taxes on the millionaires I must admit I felt good. One issue in particular was him saying he will do away with the Conservation Resource Program or CRP. This is basically a government welfare program for rich farmers and ranchers not to use their land for grazing or farming. They get a check every year from the government. Meanwhile little ranchers like us can get livestock stolen and there is no relief for us. The millionaire ranchers look down on us and charge high fees for hay and grazing. I hope that this part of the bill passes. We need to level the playing field so people like us can have a chance at success. When this country was formed it wasnt meant for a select few to take all the wealth and say screw you to the rest of us. We want our piece of the pie too. The rich seem to hate the homeless so they have their thugs (cops) drive the people out. I like what you said in an eariler article “If you are homeless in america Im not sure what your supposed to do.” Well the elitists want you to quietly die off thats what your supposed to do. They are starving us to death when we cant afford to buy groceries anymore and freeze us to death when we cant afford to heat our homes. Another winter is upon us. I expect we will hear many more stories of suffering. I say screw the rich. Let their standard of living be brought down like the rest of us. Im tired of hearing about their gold plated faucets on their yachts or driving around in brand new pickups while my dad and I are walking around with holes in our clothes because we havent bought a new pair of pants in 2 years. This theft of our livestock has really hurt us so if I sound bitter I apologize. I hope the theives who stole from us dont get to enjoy a cent of the money they made off our lambs. God will pay all of them back.
While I am NOT a Clinton supporter, I well remember those days when the Federal budget under Clinton was in balance, or in surplus, and there was even talk of paying off all of the $5.7 trillion US debt. So, HOW did we get to this point?? While the Obummer has been a failure, he was handed a sack of –it by the war criminal and Smirking Chimp Bush, who took that $5.7 trillion debt and turned it into $10.4 trillion of debt. Bottom line, citizens of America get the government they vote for. Most supported the immoral and illegal war of choice against Iraq, which had no part of 911 and no WMD. It the WMD inspectors had been left in Iraq to do their jobs, how many US military personnel would be alive today….and, how many would not be wounded??? As for the Bush tax cuts, which are a root cause of the current economic nightmare developing in America, WHERE are the jobs that these tax cuts for the wealthy were to produce??? NO WHERE. Tax cuts for the wealthiest Americans just mean that these rich people have more money. You get what you asked for.
And yes Michael thank God for you and this website. I got me through some of the hardest times of my life, and it was nice to know there was a place on the web where fellow sufferers like me can have a place to vent and share stories of heartache, hope, and survival. We are going to continually need your insight and hope and warnings in the year ahead. I think next year is a tipping point whether America can survive as a country or if we will plunge further into the abyss that is the Economic Collapse.
Thank you for the kind words JD.
None of us will ever agree 100% of the time, but hopefully we can share ideas and all learn from each other.
Michael
yeah Michael-thanks for the web site. I am really beginning to see that both parties suck and the need for a third/fourth etc party. The 2 party system is a scam. I have heard folks say this repeatedly on this site and have come around to believing it. Thanks for helping me to be more open minded and exposing me to other views. I really think that most of us can agree on many things. I also believe that everyone on this site loves their country and only wants in their heart whats best for the country. Remember we are all Americans and we are not enemies. I look at this as brainstorming more than anything.
Only the Federal Government and Wall Street have access to capital at everyone else’s expense. We are truly enslaved and are idiots to allow it to happen when it can easily be stopped.
Capital in the hands of only the Elite allows the bubble to inflate for a little while longer than it would if everyone had access.
I can’t wait till it bursts so I can watch these heartless Elite wooses suffer also. I can’t help myself – I want revenge – even though I know it is wrong.
I still like that hope and change. I will never grow tired of Obummer’s campaign mantra. It is a classic! Hope and change! My opinion-the worse president in my lifetime.
Isn’t it ironic and sad, that our leaders spent so much time getting their expensive Health Plan passed, to supposedly help provide for the uninsured…
that in the mean time, millions more now need health insurance because they have lost their jobs.
This problem has been building up for many years. Now there is no stopping the economic doom. Only time will heal the wounds.
In 2008 I told my wife that we need to get the hell out of the US. It took us a couple of years, but we finally moved to Switzerland about five months ago.
Why are things so bad?
Basically, when you have a recession, then society has a chance to clear out all the dead wood. Unfortunately, the policy of western countries is to get the economy moving as fast as possible once a recessions starts. Therefore, the dead wood never gets cleared out. It builds up to the point of a catastrophic fire or collapse. At that point there is no fixing the problems. All the dead wood will finally get cleared out, but it will require years (8 to 10) of intense pain.
It gets worse. Major economic problems coincide with major wars. See the signs of nuclear war below:
http://www.1913intel.com/2010/11/30/25-signs-that-point-to-nuclear-war/
I was driving by a large saw mill yesterday and a homeless guy was walking down the hot pavement with all of his possesions on his back and he had no shoes. You could tell that this was not new as he did not seem to be bothered by the heat of the rosd. This just begs the question, is this our future? Look I know that this guy could get a pair of shoes at the Goodwill store and he has a lot of other problems that have brought him to this point. I have seen more people walking on highway 5 with all their stuff on their backs than in the past. With all of the problems to so many that are down and out we really need private charities to continue helping people. But Obama on his crusade to crush the so called rich by class warfare wants to remove the tax deduction of giving to charities. This would be one more step towards a nanny-thug state. Right, let’s just continue to grow the government worker class with all of the costs that come with it to distribute borrowed monry from china to the poor. This is what you will get when progresives run the show.
I’ve been beating the drums about the dangers of a fiscal collapse, followed by political/social collapse and chaos for a couple of years now, most recently in my short book, “The Coming Collapse of the American Republic.” Now, suddenly, I feel like the optimist in the room. I will link to this from my Old Jarhead blog
Robert A. Hall
Author: The Coming Collapse of the American Republic
(All royalties go to a charity to help wounded veterans)
It is good to see you pop up on this site Robert. I have enjoyed reading your stuff in the past.
Michael
The article you linked to entitled “Cleaver: If Obama wasn’t president, we would be ‘marching on the White House’” brings up another point. Rep. Emanuel Cleaver who is the chairman of the Congressional Black Caucus believes that Obama’s race prohibits the Congressional Black Caucus from marching on the White House. Similarly, many unemployed workers believe that his close ties with union leaders prevent those leaders from organizing any demonstrations directed at the Obama Administration’s failure to do anything other than speechify in the name of job creation. The exception – White House influence used to waste $535 million to pay for a year of Solyndra jobs prior to that company’s bankruptcy.
This itemizes the conquest of the United States. Corporatism monetizes and harvests people. The mask of pretense came off with outsourcing and investment in emerging markets. U.S. citizens have been paying for their own destruction, for a long time. They have paid third world countries to compete against them. Whether by importing cheap labor or by exporting jobs, people have built the mechanism of their replacement. In Corporatism, individuals are expendable and disposable. I realize that I’m quoting from one or more of my blogs, here. Rather than rewrite thousands of words, I’ll just post the link to one of the really good ones.We have to keep an eye on the central banks to see where this is going.
http://georgesblogforum.wordpress.com/2011/09/14/war-under-heaven-the-world-at-commerce-update-09142011/
Prepare while you can. The essentials will be most impossible to get when the collapse happens.
http://www.hotbedinfo.com
“If you think the U.S. economy is bad now, just wait for a few months.”
You’ve been saying this for about 2 years now.
Still waiting…
I you haven’t noticed the deterioration of the economic situation over the last two years, then you’re either willfully blind or have been living in a cave somewhere.
Don’t worry. Bad times are coming.
By God’s mercy and grace, we have been granted a little more time to get ready and prepare, more time than many people had expected.
But trust me, a hard rain’s gonna fall.
Maybe you should pay closer attention to what’s going on around you. Look at the dollar-valued costs of just a couple of ‘minor’ items you may use in everyday life, like food, fuel, and electricity. Unless you grow, refine, or produce your own, ALL of these are ~20%-25% higher than they were a year ago. Silver has roughly doubled, and gold has increased about 50%, from their dollar-denominated values in the last year.
If you can’t see the warning signs – and never mind the political climate, nor the wars and rumors of wars – of where current events are leading, then just crack another cold one and go back to watching American Idol or Jersey Shore while you still have electricity.
I dont see it too much, and i work in retail.
Recession. This is beyond a recession since the 2008 Financial Crisis unfolded. What we are witnessing is the Great Depression of the XXI Century. Recession is such a mild soothing word used by the manipulative Mainstream media to continue to tell the Sheeple that everything is alright.
With an unemployment rate of 23% and nearly $211 Trillion in Debt the United States along with the Eurozone Debt Crisis (PIIGS) is going to lead to a chain reaction. The truth is you can only print money for so long before it becomes worthless like the Zimbabwe dollar or Weimar Germany mark.
http://www.npr.org/2011/08/06/139027615/a-national-debt-of-14-trillion-try-211-trillion
“If you add up all the promises that have been made for spending obligations, including defense expenditures, and you subtract all the taxes that we expect to collect, the difference is $211 trillion. That’s the fiscal gap,” he says. “That’s our true indebtedness.”
Please make American companies bring back American jobs from India… Or better yet… stop buying products made in India and China. Is that even feasible?
This website is great at assembling information about the pending economic collapse.
I think that anyone that is smart enough to read the articles knows that the E.U. and U.S. are going to fail in the next year or so.
But just knowing about the problem wont help you when the crisis hits. Take action today to be prepared.
Preparing for the crisis takes money to buy water filters, food storage, etc. Here’s some tips to help you increase your cashflow.
http://moneycrisisgameplan.com/increase-cashflow/
The bankers did it and the people let them. Take ALL of your money out of stocks, IRA, 401k etc. (don’t worry about a penalty) and purchase items that you need to live(food, paper products, etc) Repair your cars, buy an electrical generator(w/ 50 gals+ of stabilized gasoline). Install new triple pane windows w/armor glass. Purchase 100′s of non toxic emergency candles etc.
How does one prep for judgement?
How much food and water storage will one need to wait out the judgement of God?
Our leaders deserve plenty of blame, but so do all of the people who have been careless with their money, their debts, their equity in the home, their investments, etc…
Much of the governments financial aid goes to people who have failed to provide for themselves.
The economy would NOT go in the toilet if enough people got financial education and took control of their personal economy.
http://elevationgroupvideo.com/presentation
Lollzzz! The glass is still half-full in my opinion. We’ve got till the next election cycle for the powers that be to hold it together then bets are off. Only a dream Ron Paul-Peter Schiff ticket would actually right the course, the other trolls are empty suits like Obama. Just work your plan, save,and have a goal. I’m gonna ride this pony till the utters are dry then move to South America. Been there, beautiful beaches, cheap food, and a wonderful culture. Every society has issues – favelas, villas,or tent cities. Watch your back, pray and love the gifts God provides for you!
I think the glass fell off the table and is smashed on the floor.
Good post, things look pretty bad despite all of the manipulated statistics… Look at what’s going on in South Korea, where they follow a lot of the same economic policies as the United States: http://aeinetwork.com/news345.html
The US is taking the exact road Israel did, and we are experiencing the 9 harbingers of destrruction…right to the T!! If this web site will post, please go see it! Since we have turned away from God, he is now turning awauy from us!!
http://www.sidroth.org/site/News2?abbr=tv_&page=NewsArticle&id=10457
Again with this god ?
Your situation is due to economic decisions that were made by Reagan and Bush, both of them religious.
Get god out of your head, and grow up. You caused these troubles, and it’s not by praying that you are solving them, exactly as it was not by praying that Europe got out of the dark ages. It was by getting *********** done.
I have lived abroad half of my adult life. The only chance this world had for freedom and quality of life was the United States. That is why “they” had to destroy America. That way there would be no country on Earth that could help the rest. No. I do not think the U.S. should be the policeman of the world. But I have had dozens of conversations with Europeans and they have no freedoms, no sense of liberty, no understanding of free enterprise, education, health, or even the right to say “no”.
If you really want to see dumbed down then speak to the typical European. They don’t even know their own history. They have no constitution. They have no Bill Of Rights. They had no John Kennedy or Martin Luther King, Jr. My point is that the people who turned them into sheeple are the same ones who have attacked the U.S. They want to be sure there are no high stepping, smiling healthy Americans around to teach the world how to overcome evil.
Wake UP. You have no right to be so unaware. My advice is simple. Turn off that TV. God Bless You all.
Having traveled much myself, and having had many similar conversations with people from other countries, I agree completely.
Dear Pat
I guess you are 18 years and 4 weeks old and spend a fortnight in Albania ?
If my country is on the books as a “Constitutional Monarchy” there would be no constitution only a monarchy ? The “Bill of Rights” are called “Human Rights” in Europe and are part of the “Handfest of Europe” (Constitution) as agreed to in the “Treaty of Rome” (founding document of the EU).
I am glad you found some typical Europeans you could relate to. I have to assume you were talking English because you don’t seem to catch the failure of one on one translations. And last but not least. How come the USA never had anybody like Napoleon or Lenin ?
Conquorors? How about why no Ghengis Khan or Mao?
You must be kidding Pat, Per your statement; Typical European don’t even know their own history. They have no constitution. They have no Bill Of Rights?? WTF??
You must be 99.999% retarded to say something like this you idiot. This is great example why America is *************** up and how well our education system works. Way to go hillbilly!!!
I’ll take the European standard of living anytime over the US:
- great information (less MSM propaganda and more diversity of opinions represented)
- better political representation (no 2-party/same-party system)
- better food! (and no GMO! … so far …)
- much, much more free time and vacations
- decent pension plans and other benefits
- less crime, less prisons and less prisoners
- great healthcare, and cheap, or free
- better education, and cheaper, or free
- good saving rate (little or no credit card debt, etc.)
- little or no trade-balance deficit
- technical innovations everywhere
- infrastructure (roads, etc.) in great shape
I am European living in the USA. I love Europe, but I also , even today, still see personally great advantages living here in the USA.
For example, if I were to move back to Europe, I could not take my arsenal of weapons and ammunition with me. Without that, I would feel helpless in Europe when it came down to needing to defend my family from another Nazi Regime, or something similar.
Plus, the reason I am really here, and YES, the American Dream full of Opportunities still exists, …. was because in order to start my business in Austria back before I left, the business licensing division required that I ask my competition for permission prior to being able to issue my business permit.
Plus, the people here in the USA they hang up more frequently the Flag of the USA than the people in Europe hang up and show the light of their own country’s flag. People here in the USA are more God fearing people, although still with much to learn…
And yes, the food stinks here in the USA. And definitely, the culture in Europe is great. Heck, I miss Europe, I want to come home….
Just kidding.
thanks and best wishes.
All that free stuff no wonder EUROPE IS GOING DOWN THE DRAIN.
Wow.
I’m one of the lucky 75% people that still have a job. Just got home to read this post by Michael and I must say it really makes me sad because the time has come.
Get prepared folks. Won’t be long.
Thank you Michael as your Website has informed many family/friends of mine.
Just wish more people would wake up.
SamColt:
Thank you for the encouragement. I spend long hours in front of the computer, and it means a lot to know that people value what I do.
Michael
Big new wave coming.
A MASSIVE WAVE IS COMING!!!
U.S. homes that received a default notice jumped 33% in August from July. This is a HUGE one month increase! In fact, it is the largest one month gain in 4 years with 78,880 properties receiving a default notice. Why the big jump? In the past few months, several key court decisions have been made that basically gave the banks the green light to continue sending out default notices to borrowers who are in default. Sounds crazy, right.
California, which has become the Mecca for foreclosure litigation attorneys, saw their default notices increase by 55% in the past month. Indiana climbed 46% and the state of New Jersey, where last month a judge ruled that banks could resume uncontested foreclosure actions, saw an increase of 42%.
Who is taking the hit? Bank of America, the largest mortgage holder in the U.S., B of A saw (ready for this?) a 200% increase in 1 month for default notices that they sent to borrowers. WOW, talk about a foreclosure pipeline.
The Data
Average loan in foreclosure is delinquent for a RECORD 600 days!
1.9 million loans are at least 90 days late and are NOT currently in foreclosure. In fact, of those that are NOT in foreclosure, nearly 800,000 have not made a payment in more than a year. Again, these are people who are not even in the foreclosure process yet.
There are 300% more foreclosure filings than sales.
4.1 million homes are more than 90 days late, this is 800% higher than before the housing crisis began.
6.9 million loans are delinquent by 30 days or more.
Please consider the above before making any major financial decisions. One of our goals here at FutureMoneyTrends.com is to help people to know the facts in order to live much better lives. People who listen to the government or pundits unfortunately will make life changing decisions off of ridiculous assessments, remember how everyone said housing was great in 2008 and we would see an annual 10% increase for the next decade? Imagine all the people who decided to become realtors, loan officers, or other jobs related to housing because they felt like they were making a sound decision based off of what the experts told them. Knowing the truth and being informed in our opinion is a true asset that can reap great dividends throughout your life.
Tomorrow Bernanke will speak at the Fomc meeting with the very real chance of him formally announcing Qe3.
Economics 101 – create and inject trillions of dollars of new money into the system and at the same time devalue the money supply (inflation)
Think things are bad in Europe? Europe is just an appetizer for what’s coming to the Us.
Be prepared!
Cheers,
James
Ps. Grab this free prepare for economic collapse report.
http://www.prepareforeconomiccollapse.org/free-report
Michael
You have failed to print two other posts I made and I don’t expect you will post this one either. That’s fine. I know you are trying to sell products and build viewship so that doesn’t surprise me. This is mainly for you anyhow, whether you choose to share it or not is up to you.
There is such a thing as a self-fulfilling prophesy and you are preaching it. Consider carefully your use of repetition, hyperbole and one-sided reporting when you write. You are accountable to everyone that believes what you say. It should be clear to your from the caliber of reader you draw that you are catering to the extreme personality by and large. They have enough trouble keeping it together without a daily rant about the imminent fall of society.
It’s bad, but you can make it worse. We should know the extent of the troubles, but inciting despair and panic is wrong. A little moderation please.
“It should be clear to your from the caliber of reader you draw that you are catering to the extreme personality by and large. They have enough trouble keeping it together without a daily rant about the imminent fall of society.”
I assume that you lump yourself in with this “group” of people that read the blog– since you are commenting on it and all. I think if all the readers of Michael’s blog were together in one room, you’d find quite a varied group. I think you’d find all walks of life and all levels of success (however you define the word). I wouldn’t be so quick to assume that we can’t read the articles and then use our brains to draw our own conclusions. Or maybe you were just speaking of yourself and not the whole?
Don’t include me in your “group”. I am successful, have a job, finished my education, had great difficulty finding a job, but can make these conclusions myself.
Sell insulting somewhere else.
Pot calling the kettle black.
Our country is broken and bankrupt. EVERY nation in history has fallen out of power at some point. can you here Nero playing yet? I can. I think this sums it up… I am scared. I believe most of my fellow countrymen are too. Scared people become desperate easily and desperation can be deadly. There will be no stopping this collapse. Gather your beans bullets bandaids and loved ones close and pray HARD.
All the corrupt leader’s I hope they somehow get hurt the most when they finally crash and burn. Somehow we all have to pulltogether and help are neighbor as long as there not bad neighbors if that makes any sense.
The most difficult part of the job search is:
…
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
I would urge anyone feeling this way to not be ashamed of it. The most judgmental creatures on earth when it comes to the unemployed are those who are independently wealthy and/or retired –especially the later– and don’t have to face the survival rat race on a daily basis. In other words, they don’t know what the f*** they are talking about!
Well, these creatures are going to be in for a VERY nasty surprise in the very near future, especially those retirees who feel ENTITLED to their social security handouts and underfunded pension payments. Once the dollar implodes and their cushy safety blankets evaporate like the morning mist, they are going to be scrambling for meager crumbs and menial jobs just like everyone else. We’ll see then who will be “giving up!”
To be fair, people who paid into Social Security were given a promise, and they were not given any choice in the matter either. If the system is underfunded then that’s because it was badly managed, so yes, people who were promised a payout, are indeed ENTITLED to that payout.
Whether they get it or not is another matter… but that’s what happens when you trust the government to keep promises. Blame the people who looted the money, not the people who paid that money with a gun at their head.
They are *not* entitled to the payout. Social Security is a TAX. Period. End of story.
In order for peter to pay paul, they must TAX someone. Your “contribution” does not even come close to your total payout – so don’t give me the fiction that somehow “it is your money you paid in”
Your problem is you believed politicans (“it is not a TAX”) verus the courts (“hell yes it is…”)
correct… when you carefully read the social security statement that you get about every quarter (I believe), or is it every 6 months… anyway, there is a disclaimer section that states (paraphrased) that you are not guaranteed that amount that is currently estimated for your future payout….
got it?
To all low info rush listeners: I found this on the daily kos and its so true. You are the problem–teapublicans.
We hear Millionaires who host Radio shows brainwash their middle to low income listeners into falsely believing that Taxing the rich 3% more will be worse for the US Economy than what we have right now.
Millionaire Talk Show host can’t possibly be the ones chanting “don’t tax me 3% more” so they get their brainwashed audience to do it for the millionaires. Meanwhile we have crumbling bridges.
— I always envision Rush Limpba//s, Sean Insanity, GlennDUH Beck et al laughing AT their audience all the way to the bank.
(D) Here’s how brainwashed the Tea Party Individuals have become.
We have: crumbling Interstate bridges, police stations closing, fire departments closing, hospitals closing, schools closing, 23% cuts in food programs for women and their infant children (WIC) and many more but the Tea Party Individual chants “We can’t afford any of those things”
http://www.dailykos.com/story/2011/09/20/1018489/-Foxs-Greta-is-Enraged-UnGlued-t-Give-a-Damn-about-the-Poor?via=siderec
Its true Gary, we cannot afford those things because we spend so much money on other crap. Crap like bridges to nowhere, studying the mating habits of gays in Hong Kong bars (we actually fund that). We provide free education and health care to millions of people here illegally. 1/3 of the 2 million people in prison are here illegally and we pay to incarcerate them. We waste billions and billions on stuff that is not important and is not the responsibility of the government in the first place. So if the Fed Gov’t only spent money on stuff it is supposed to do, then we might have the money available to repair a road or a bridge…But I for one am not willing to give the government another dime when it already wastes so much of what it gets now.
Me too. I am not giving any more my money to government either, risk of getting caught is very small.
Gary, enough. You constantly bash everyone with money, and want to pick their pocket. Why is it wrong for someone to have money, yet okay for .gov to take it and waste it? Why?
BTW, barry wants to tax the rich (whatever that means) to their knees, yet he is one of them. Socialist hypocrite!
I agee with you, but I see that you are brainwashed, thinking that it’s only the right wing talk radio millionaires, and not ones like pretty boy Anderson Cooper ( a Vanderbilt) Wolf Blitzer or the rest of the media news network elites who don’t know one thing about the real suffering endured now by so many Americans. They all laugh and joke on set, thinking of their cushy life styles, and turn to report this dire economic downfal, while putting on a straight face. They have the maturity of teen agers. So much suffering and they continue on, not missing a beat, living lives of pleasure, singing, “c’est la vie!”. I can’t stand it anymore. The phony factor is so huge!!!!
The United States has lived under the Bush Tax Cuts since 2001. 10 years later, the Poverty Rate has reached its highest level since it started being recorded in 1959
But an increase in the number of Americans living in Poverty is not all now we can to the “LOSS” of quality of living in the USA due to the Bush Tax Cuts:
- Your Bush Tax Cuts At Work = Crumbling/Closed Interstate Bridges
- Your Bush Tax Cuts At Work = Crumbling Interstate Roads
- Your Bush Tax Cuts At Work = Closed Police and Fire Departments
- Your Bush Tax Cuts At Work = Hospitals Shutting Down
- Your Bush Tax Cuts At Work = Air Pollution Rising
- Your Bush Tax Cuts At Work = Schools Shutting Down
- Your Bush Tax Cuts At Work = Uninsured in USA INCREASES
- Your Bush Tax Cuts At Work = Unemployment INCREASE
- Your Bush Tax Cuts At Work = Income Gap Between Rich and Poor Increases
- Your Bush Tax Cuts At Work = Stagnant US Economic Growth
Could these be Bumper Sticker ideas for the 2012 Election.
the uninsured increased because your great leader Obama passed ObamaCare and companies are dumping coverage so everyone can get “freeeeeeee” health insurance…ugh
WOW, Bush was one skilled ******. Who woulda thunk that a tax cut caused air pollution. In reality, revenue to the gov went way UP after the tax cuts. It’s not your money you ********* stupid commy fart.
Gary,
Honestly, take responsibilty
Obama and the Democrats had a veto-proof control of all branches of government for 2 YEARS.
*Gary REREAD THE PREVIOUS SENTENCE 100 TIMES*
Your side OWNED THE TAX RATES – NOT BUSH
Also, Gary, government SPENDS more than IT CAN POSSIBLY TAX. PERIOD.
Take ALL THE MONEY FROM EVERYONE – You *still* can not meet all of the obligations this government has “promised”