The Beginning Of The End
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40 Stats That Prove The U.S. Economy Has Already Been Collapsing Over The Past Decade

40The "coming economic collapse" has already been happening.  You see, the truth is that the economic collapse is not a single event.  It has already started, it is happening right now, and it will accelerate during the years ahead.  The statistics in this article show very clearly that the U.S. economy has fallen dramatically over the past ten years or so.  Unfortunately, there are lots of mockers out there that love to mock the idea of an economic collapse even though one is happening right in front of our eyes.  They love to say stuff like this (and I am paraphrasing): "An economic collapse is never going to happen.  We can consume far more wealth than we produce forever.  We can pile up gigantic mountains of debt forever.  There is no way that the party is over.  In fact, the party is just getting started.  Woo-hoo!"  That sounds absolutely ridiculous, but "economists" and "journalists" actually write things that reflect these kinds of sentiments every single day.  They do not seem alarmed about the fact that our national debt is nearly 17 times larger than it was 30 years ago.  They do not seem alarmed about the fact that the total amount of debt in our country is more than 28 times larger than it was 40 years ago.  They do not seem alarmed about the fact that our economic infrastructure is being absolutely gutted and we are steadily becoming poorer as a nation.  They just think that the magic formula of print, borrow, spend and consume can go on indefinitely.  Unfortunately, the truth is that a massive economic disaster has already started to unfold.  We inherited the greatest economic machine in the history of the world, but we totally wrecked it.  We have been able to live far, far beyond our means for the last couple of decades thanks to the greatest debt bubble in the history of the planet, but now that debt bubble is getting ready to burst.  Anyone with half a brain should be able to see what is coming.  Just open your eyes and look at the facts.  The following are 40 stats that prove the U.S. economy has already been collapsing over the past decade...

#1 According to the World Bank, U.S. GDP accounted for 31.8 percent of all global economic activity in 2001.  That number dropped to 21.6 percent in 2011.

#2 The United States was once ranked #1 in the world in GDP per capita.  Today we have slipped to #14.

#3 The United States has fallen in the global economic competitiveness rankings compiled by the World Economic Forum for four years in a row.

#4 Since the year 2000, the size of the U.S. national debt has grown by more than 11 trillion dollars.

#5 Back in the year 2000, our trade deficit with China was 83 billion dollars.  Last year, it was 315 billion dollars.

#6 In the year 2000, about 17 million Americans were employed in manufacturing.  Today, only about 12 million Americans are employed in manufacturing.

#7 The United States has lost more than 56,000 manufacturing facilities since 2001.

#8 The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.

#9 Between December 2000 and December 2010, 38 percent of the manufacturing jobs in Ohio were lost, 42 percent of the manufacturing jobs in North Carolina were lost and 48 percent of the manufacturing jobs in Michigan were lost.

#10 Back in 1998, the United States had 25 percent of the world’s high-tech export market and China had just 10 percent. Today, China’s high-tech exports are more than twice the size of U.S. high-tech exports.

#11 In 2002, the United States had a trade deficit in "advanced technology products" of $16 billion with the rest of the world.  In 2010, that number skyrocketed to $82 billion.

#12 The United States has lost more than a quarter of all of its high-tech manufacturing jobs since the year 2000.

#13 The number of full-time workers in the United States is nearly 6 million below the old record that was set back in 2007.

#14 The average duration of unemployment in the United States is nearly three times as long as it was back in the year 2000.

#15 Throughout the year 2000, more than 64 percent of all working age Americans had a job.  Today, only 58.7 percent of all working age Americans have a job.

#16 The official unemployment rate has been at 7.5 percent or higher for 54 months in a row.  That is the longest stretch in U.S. history.

#17 The U.S. government says that the number of Americans "not in the labor force" rose by 17.9 million between 2000 and 2011.  During the entire decade of the 1980s, the number of Americans "not in the labor force" rose by only 1.7 million.

#18 The average number of hours worked per employed person per year has fallen by about 100 since the year 2000.

#19 The U.S. economy continues to trade good paying jobs for low paying jobs.  60 percent of the jobs lost during the last recession were mid-wage jobs, but 58 percent of the jobs created since then have been low wage jobs.

#20 The U.S. economy lost more than 220,000 small businesses during the recent recession.

#21 The percentage of Americans that are self-employed has steadily declined over the past decade and is now at an all-time low.

#22 According to economist Tim Kane, the following is how the number of startup jobs per 1000 Americans breaks down by presidential administration...

Bush Sr.: 11.3

Clinton: 11.2

Bush Jr.: 10.8

Obama: 7.8

#23 In the year 2000, there were only 17 million Americans on food stamps.  Today, there are more than 47 million Americans on food stamps.

#24 In the year 2000, the ratio of social welfare benefits to salaries and wages was approximately 21 percent.  Today, the ratio of social welfare benefits to salaries and wages is approximately 35 percent.

#25 Since Barack Obama entered the White House, the average price of a gallon of gasoline in the United States has risen from $1.85 to $3.64.

#26 More than twice as many new homes were sold in the United States in 2005 as will be sold in 2013.

#27 Right now there are 20.2 million Americans that spend more than half of their incomes on housing.  That represents a 46 percent increase from 2001.

#28 The price of ground beef increased by 61 percent between 2002 and 2012.

#29 According to USA Today, water bills have actually tripled over the past 12 years in some areas of the country.

#30 In 1999, 64.1 percent of all Americans were covered by employment-based health insurance.  Today, only 55.1 percent are covered by employment-based health insurance.

#31 Median household income in the United States has fallen for four years in a row.

#32 As I mentioned recently, the homeownership rate in America is now at its lowest level in nearly 18 years.

#33 Back in the year 2000, the mortgage delinquency rate was about 2 percent.  Today, it is nearly 10 percent.

#34 Median household income for families with children dropped by a whopping $6,300 between 2001 and 2011.

#35 Back in 2007, about 28 percent of all working families were considered to be among "the working poor".  Today, that number is up to 32 percent even though our politicians tell us that the economy is supposedly recovering.

#36 According to the Federal Reserve, the median net worth of families in the United States declined "from $126,400 in 2007 to $77,300 in 2010".

#37 According to the New York Times, the average debt burden for U.S. households that earn $20,000 a year or less "more than doubled to $26,000 between 2001 and 2010".

#38 Medicare spending increased by 138 percent between 1999 and 2010.

#39 During Obama's first term, the federal government accumulated more debt than it did under the first 42 U.S presidents combined.

#40 Today, more than a million public school students in the United States are homeless.  This is the first time that has ever happened in our history.  That number has risen by 57 percent since the 2006-2007 school year.

Are there any other items that you would add to this list?  Please feel free to join the discussion by posting a comment below...

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  • MichaelfromTheEconomicCollapse

    Do you guys like when I do lists like this?

    Michael

    • jo6pac

      Yep and I normally pass them on to my clueless friends.

    • Rodster

      As the saying goes, “numbers don’t lie”. The numbers put’s things in perspective. You don’t realize how bad things are until you see number comparisons.

      • markthetruth

        Well, not really because the government numbers Lie.

        the end…

        • markthetruth

          Today’s Philadelphia Fed 19.8

          ……………But…………….

          States with an change of 1000+ layoffs or decrease
          PA +4,831
          Layoffs in the construction, educational service, and manufacturing industry.

          nj -4,370
          Fewer layoffs in the educational service,
          transportation and warehousing, accommodation and food service, public administration, retail trade, and administrative service industries.

          (no added Manufacturing)

          Go figure !

          the end…

        • Flossie

          Or they’re quietly “adjusted downward” when no-one’s looking.

      • Syrin

        Well, unfortunately, Mike is quoting the optimistic numbers. I read that when you use the numbers from shadowstats, every American is in debt to the gov’t to the tune of about $120,000. Real debt when using actuarial figures ranges from $60-210 trillion. He’s actually giving us best case scenario numbers. Keep in mind the gov’t has stopped reporting our national debt as the official number hasn’t changed for over 2 months now.

    • K

      Yes, it hopefully show people the width, and the depth of the current economic problem. As to a bit repetitive. It has to be. This blog is being posted in more and more places. I seem to see a steady stream of newcomers. If you are to be informative, you must at times review. I continue to think you are doing a fine job.

    • El Pollo de Oro

      Michael: I love it when you do lists because you offer evidence upon evidence to back up your points. The Pollyannas will ignore these facts, refuse to look at the big picture and say, “But in my yuppie condo building in Seattle (or Manhattan or Rittenhouse Square), people are doing great. Therefore, the economy is doing well.” Facts are facts, though. And the fact that the BRA went from 17 million foot stamp recipients in 2000 to 47 million in 2013 speaks volumes.

      • BobBurnitt

        Our so called “Economy” has been terrible ALL of my adult life, 45 years. There has NEVER been a time of prosperity for me. I have trained and retrained retrained AGAIN just to end up in another Rigged and manipulated Dead End. Nobody can forecast anything when the game is rigged except that the cheats will win. Get in to a rigged Card game or Fixed horse race and you will lose UNLESS you have CONTROL. BB

    • Pencrna

      When I see posts like this, I hope they are enough of a no-brainer in total to wake up my friends.

      Thanks for your hard work. I’m passing it on.

      • Mondobeyondo

        Sadly, lots of people out there don’t have any brains.

        “So how did they ever graduate high school?” you ask. Good question.

    • Mondobeyondo

      I, for one, don’t mind it. :)

    • Ash

      Putting stats as lists is one of the best convincing parts about your articles, Michael.

    • Eliot

      Appreciate all the work you put into your articles. I always look forward to the lists on economic collapse and end of the American dream. They’re great references and reminders. Thanks Michael.

    • cpgone

      Yes.

      Any progress on an easy share button like ZH?

      • cpgone

        Ok, now I see the new email share button.

        THANK YOU !!!!!!!!!!!!!!!!

    • Syrin

      This is the twitter instagram generation. Bullet points that deliver as much factual content as possible is crucial.

      However, Mike Adams has given up on trying to reach the masses. Some of HIS words from a recent article, “First, realize that you are not going to be able to stop the collapse…. You are not going to be able to reach these zombie masses with reason. They are far gone. Their brains have been turned to chemically-contaminated, media-warped neuro-mush. Some of them can barely speak in intelligible words, and many can’t read. They are the illiterate, poisoned zombie masses, and it is now a waste of time to try to reach them. Instead of trying to reverse the implosion that’s coming, it is now far wiser to prepare yourself and your family to survive it…. I now know with certainty that the zombie masses cannot be reasoned with, cannot be bargained with, and cannot be stopped by anything other than sheer force. Are you ready to exert force in defense of your life and property? ”

      I came to the same realization and conclusion about two years ago, in part due to discussions with the irrational we have in these threads. Rational thought, reasoning, historical analysis, and just basic logic are lost on these indoctrinates. Hopefully, he and I are both wrong, but I doubt it.

      • 2Gary2

        you can’t read anyway so what do you care if it is a list.

        • Syrin

          My best response is to tell others to read your posts. It’s amazing. I didn’t think it was possible to shoot yourself with your own crossfire, but your posts prove that theory wrong. Please, keep posting. I haven’t seen a train wreck since the last time you pulled this same garbage.

        • Summer_Too_Hot

          Tax the rich! Tax rates increase to 100% of total income. Billions of dollars stolen from the public treasury by a politician. The unions need more money. The senior members of the public unions need more retirement money!

          More taxes, food tax, tax on taking a dump, tax on the air we breathe, tax on tax, tax on credit card interest.

          The public unions need more tax monies to get richer.

        • Shmeggle Marxist

          you are a liberal piece of garbage

          • Gay Veteran

            oh noez! the Shmeggle troll is back

    • 2Gary2

      I like the lists.

      • Syrin

        and shiny objects. Hey, start typing “squirrel” in the middle of some of your sentences randomly. It’s a small mammal, but don’t worry about that as what it is isn’t important.

      • Summer_Too_Hot

        Gary are you a public school teacher represented by a teachers’ unions? You keep on chanting tax the rich all the time like most union members do to get more money and retirement money for less work.

        Teachers in a New Jersey public school were protesting for higher pay and more vacation allowance, but they didn’t highlight that the students’ washrooms were dilapidated and needed repairs. Shows how the public school teachers care about education.

        • 2Gary2

          no I am not a teacher. I do not have the patience to teach children like syrin.

    • Ralfine

      I like it when you provide links to external news sources. I don’t like it much, when you provide links to previous lists.

    • jrex918

      are you familiar with the venus project michael? i highly advise you to read up on it; the venus project is a complete re structure of our culture which plans to eliminate poverty, war. and hunger through science and technology and a new system for humanity

    • North of the 52

      You do a fantastic work with your efforts. Just to see facts and figures cuts through a lot of smoke and mirrors to get straight to the truth. Thanks a thousand!

    • TooLittleTooLate

      Yep, supporting evidence.

      I believe it sheds light on hard facts that most are living through and know something is wrong but, this helps put a finger directly on the hot spots.

    • Sequoia

      The lists are great,because they are short and get to the point. It is easier to share them with people,and with today’s short attention spands,people wont get borred by reading information,that regularly you will find in reading time consuming books.

      Here in Mexico,I have been able to share this information with Mexicans and American Expatriotes.
      The Mexican people can translate the information into Spanish on their computers.
      I have shared this information with a lot of Mexican Taxi drivers and hopefully they will share it with other people,because this is information that will affect their lives also.

    • Arjun

      They are the best part of the blog. Informative and to the point.

    • abby725

      just as Sandra implied I’m stunned that a student able to earn $7964 in 1 month on the internet. did you see this webpage w­w­w.K­E­P­2.c­o­m

    • MeMadMax

      I like the lists. It puts the information “as is” with no fluff, no BS.
      It makes for great ammo when fighting the liberals.

    • David mtns WNC

      Yes however provide a short version. My top 15 are 7-underline facility, 8,9,13,15,16,17-underline US Gov, 20, 23, 25-leave out O’Bama wasn’t his fault, 26, 29, 33, 34 36. While I appreciate the other stats – 40 is a lot to absorb without going numb
      LOVE YOUR SITE – following it for a couple of years now

    • GSOB

      depends, what are the other choices?
      It’s depressing really. The shorter the better.

    • Ryan

      Yes. Definitely.

    • smallergovnow

      YES Michael, they are awesome. And I try and share with as many friends as I can. They are great to get folks interested and begining to look at and question what is going on.

    • Eric

      I will be honest , the articles are repetitive . And what I mean by repetitive as is the same format . But it is awesome information my friend , love to read it . To bad the f***** sheaople cant understand

    • fatih

      I have a question about manufacturing related facts. Isn’t the reason for those numbers are getting smaller that the US has been outsourcing that kind of manufacturing to Asia?

    • BobBurnitt

      Its FINE, but it does not tell me anything I do not know. Preaching to the choir is fun. But this place has been collapsing for a LONG TIME, it is going down faster and faster now, it will NEVER straighten out without a CATASTROPHIC STRUGGLE of some kind. Its OVER. BB

  • sherlock32555

    Yes it helps people to see things more clearly.

  • ceryl

    Yes listing like that makes it ultra simple to read and write.

    you are repetitive in lot of recent posts.nothing new in present article.

    • Rodster

      Is that you Barack?!

      • ceryl

        what makes you think i am so?
        it’s only me here , who is arrogant enough to call this website owner as the ESTABLISHMENTS PUPPET.
        While Alex Jones,Mike Adams are the TRUE PATRIOTIC ONES.

        • Syrin

          You’re kidding right? Alex Jones sites this web site DAILY. Mike Adams references this web site frequently.

          • ceryl

            They are too busy to notice this.
            This LAWYER has deleted my very lengthy reply a while ago.
            i will be writing that reply to you someday in future again for sure.
            it took me nearly half hour to complete it.
            i replied it to 2 people..

        • El Pollo de Oro

          Alex Jones and his colleagues at Infowars mention this site on a regular basis. They consider it a valuable source of information (which it is). Typically, people who listen to Alex Jones, Dr. Paul Craig Roberts, Justin Raimondo and Gerald Celente are also likely to read Michael T. Snyder’s blogs.

          • ceryl

            They are too busy to notice this.
            This LAWYER has deleted my very lengthy reply a while ago.
            i will be writing that reply to you someday in future again for sure.
            it took me nearly half hour to complete it.
            i replied it to 2 people.

      • Mondobeyondo

        Let Me Be Clear ™ – and Make No Mistake ™ – yes, it’s me, Barack.

    • Shmeggle Marxist

      GEORGE ZIMMERMAN IS FREE

      • Mondobeyondo

        No he isn’t. Free as far as judicial proceedings, etc – yes. But, he’s not really free.

        Don’t believe it? Place Mr. Zimmerman on a street corner anywhere in America, unprotected and undefended. Let’s see how free he is then.

        • El Pollo de Oro

          Mondobeyondo: The New Black Panther thugs have put out an Islamic-style fattwa on George Zimmerman. They openly advocate murdering him because they don’t believe in due process or the rule of law.

          By the way, some of the “justice for Trayvon” idiots have gone after The Men’s Wearhouse because they think that Men’s Wearhouse founder George Zimmer (“you’re gonna like the way you look, I guarantee it”) is George Zimmerman. Amazing.

        • Shmeggle Marxist

          free i tell you, free

  • ceryl

    you aways mention that something like return to GOD will someehow will bear results.
    But fact of the matter is that ALL-most ALL of the critical thinking people are STAUNCH Atheists.
    so it makes you too in that list..
    so why NONSENSE GOD need to be bring i the discussion as a EASY unscienific solution.

    • Unix

      I think you are generalizing my friend and you have clouded thinking with atheism and unthinking with religion. Your argument is flawed, but nice try!

      • chilller

        Not much critical thinking going on in the cerly box…

    • Syrin

      Your premise is wrong, but answer this, and keep in mind I actually lean closer to your side than not before you irrationally attack me. What harm comes from him telling people to look to God? Is it bad for people to have something to inspire them, get a sense of spirituality, or to live by a moral code?

      • Ralfine

        Well, if god will fix everything, I don’t need to do anything and can continue as before.

      • ceryl

        The only handful of countries which are functioning somewhat or to a greater extent like democracy are Singapore Malaysia,south Korea,Taiwan.
        They are despite there miniscule population quite advanced in science and technology education.
        THEY ARE DOING ALL THIS IN COMPLETE ISOLATION WITH WORSHIPING OF ANY MAN MADE DEITY.
        Even there government official appear people friendly.
        While our politicians and officials , do attend churches but are worst kind of hypocrites ever.
        Being spiritual will be of any consequence only when the individual is truthseeker and follow religion of HUMANISM.

        • http://fishyluv.com/ FishyLuv

          Singapore and Malaysia are both largely Christian, especially in the cities. When I visited the biggest mall in Malaysia, they had Bible verses on walls and “Built in [year ] to the Glory of God” (in English) on the front entrance. South Korea is about half Christian and the faith is growing fast there. Taiwan is about 10% Christian and the faith is growing fast there too. Christianity is growing by leaps and bounds in China, Myanmar, Laos, and Vietnam. Perhaps it’s not an accident they are growing and getting better now.

    • chilller

      Over 900 people who looked like Jesus were crucified in the exact same manner He was. Why was this done? Because they knew the value of having the burial cloth from Him was highly coveted and many wished to have it…or claim they did.

      You don’t counterfeit something that is a fake, fraud or non-existent…only objects of great value. What made having this cloth so valuable? Because the people of that time saw with their own eyes the miracles He performed and realized He really was the Son of God.

      It makes the heads of “critical thinkers” hurt when they attempt to wrap their little minds around the possibility of God’s existence so it’s easier for them to just deny He exists.

      Albert Einstein believed in God…was he not the most critical thinkers of all time?…nuff said…

      • ceryl

        The only handful of countries which are functioning somewhat or to a greater extent like democracy are Singapore Malaysia,south Korea,Taiwan.
        They are despite there miniscule population quite advanced in science and technology education.
        THEY ARE DOING ALL THIS IN COMPLETE ISOLATION WITH WORSHIPING OF ANY MAN MADE DEITY.
        Even there government official appear people friendly.
        While our politicians and officials , do attend churches but are worst kind of hypocrites ever.
        Being spiritual will be of any consequence only when the individual is truthseeker and follow religion of HUMANISM./

  • markthetruth

    The truth is they know the earth is going to be overpopulated and don’t know what to do.

    the end…

  • El Pollo de Oro

    The fact that food stamp use in The Banana Republic of America went from 17 million in 2000 to 47 million in 2013 tells you just how bad the economy is. That’s a whopping increase of 30 million. In other words, 30 million formerly middle class Americans plunged into poverty. And it gets worse: there are millions of other Americans who are poor but not quite poor enough to receive food stamps.

    So what will happen if food stamps are cut? Well, having seen The Desperate People Doing Desperate Things Tax (DPDDTT) in action, I can tell you that you DON’T want to live in a place where you’re surrounded by folks who are desperate, hungry, cold in the winter, and seriously pissed off about it.

    • El Pollo de Oro

      “When people get hungry and desperate, things get ugly. And I’ll tell you where it’s
      really going to get ugly: crime is going to go to levels we’ve never seen before.”—Gerald Celente

      “In a total collapse situation, marauding gangs are going to be looking for anything
      they can get ahold of.”—Retired police officer turner trucker/prepper Martin
      Colville, profiled on “Doomsday Preppers”

      “Suppose, 300 million people can’t get their money out of the banks? Suppose there’s a bank holiday and you can’t get your dough out? Do you want to see chaos like we’ve never seen before? It’s going to be coming to a city and a town near you if the trends are allowed to continue the way they are going.”—Gerald Celente

      “People are very confused. They think the welfare bums are their normal neighbor next door, Joe Six Pack next door—whereas in fact, it’s the banking sector. They’re the ones that suck out and leach upon the economy.”—Stacy Herbert

      “It is probably going to be the messiest, darkest time that we’ve experienced in this country. I’d be very willing to bet that.”—The Patriot Nurse

      “We’re worse than Depression-level housing slump, worse than Depression-level job losses. They’ve been cooking the numbers. There never was a recovery.”—Alex Jones

      • Syrin

        See my quote above from Mike Adams.

    • Mondobeyondo

      Count me in as a new inductee in the food stamp program. (not by choice though! A guy has to eat…)

      Is it by design? I’m starting to think it is.

      • Syrin

        Yes, it is. They are RECRUITING people for the food stamp program. They want you to do as they say when they they pull the plug, or else.

        • Summer_Too_Hot

          I thought the urbanization was just a conspiracy, but seeing how millions of people live in cities and can’t grow their own food as they do in the rural areas….being poor, broke and having no fiat money can cause starvation.
          What happened to the days when food used to be grown in people’s backyards and certain produce could be picked free of cost…until the world changed and biotech companies are making it harder for farmers to operate their business if they dont use GMO seeds.

          • Ralfine

            People grow Marihuana in houses in the centre of London.

            I am sure you can grow veggies and herbs as well.

            The drug growers shut the windows and use high-powered lamps.

            You can use mirrors and light-tunnels to get the sun into the last dark corner of the flat. You can put the veggies on shelves and use a small solar-powered aquarium pump to circulate the water from the bottom drawer to the top.

            I’d even try raising mussels and fish in aquariums if I wouldn’t get into trouble with my hubby. :-)

            Try guerilla farming in city centres, using food seeds.

            In England it’s called digging for victory.

        • Mondobeyondo

          That’s a sad commentary on today’s society.

          In other words, we’e lost the will to work. It’s a defeatist attitude. Why bother, let the government care for me.

          Not good, not good.

      • El Pollo de Oro

        Mondobeyondo: One thing that really says a lot about the state of the economy in the BRA is the type of people who are on food stamps. The former construction worker who is now working at the dollar store, the MBA who graduated from a major university with a six-figure debt but is waiting tables. And the thing I typically hear is, “I never thought I would be in a position where I needed food stamps. Never.” That shows you how deep this depression cuts.

        • Mondobeyondo

          Yes, we are in a depression, it is an ongoing depression, and it’s deeper than many people realize. The majority don’t get it, because they’re not in this predicament. For them, the world is fine.They have jobs, go on vacation, and take their kids to summer camp. Their world is doing the 9 to 5 gig, hug the wife/husband and kids when you get home, and watch the evening news to see how much everyone else is suffering. Aw, those poor folks. (so glad it isn’t me!)

          To those people I say, “See you at the food bank”. You’re headed there. We all are, if things don’t change soon.

      • Flossie

        Do you feel any shame in accepting food stamps? Have you stopped looking for work? Or are you “disabled”?

        • Mondobeyondo

          I do feel shame in accepting food stamps. In my view, I shouldn’t have to be enrolled in the SNAP program. (“…but that’s why the program exists – to help people in need!” Yes, that’s true.)

          And to be honest, I had been avoiding taking that step for the longest time. It’s a pride thing. No man (or woman) should have to beg for their basic needs.

          But right now, there’s little choice, other than dumpster diving.

    • Syrin

      So what will happen if food stamps are cut?

      You, my friend, are one of the few clear thinkers. There’s a reason the DHS bought 2 billion rounds of ammo, 2700 tanks, targets depicting pregnant women, and the police are becoming increasingly militarized. There’s a reason they want the NDAA intact, the FEMA camps to expand, and the ability to use drones on us. All the pieces of the puzzle point to the same conclusion.

      • El Pollo de Oro

        The banksters know that the economy of the BRA isn’t getting any better. In fact, it’s getting worse. So when the you-know-what hits the fan, they want to make sure the police state junta can act swiftly and violently crush anyone who revolts.

      • Mondobeyondo

        If food stamps are cut, people will go hungry. And a hungry population is a very dangerous thing. It can spark revolutions. Think France in 1789, the Middle East in 2009-2011, etc…

        We haven’t seen it yet here in the U.S. But it’s coming. Do not underestimate the power of an empty stomach.

    • 2Gary2

      consider that most food stamp recipients are actually working. Its just that the 1% hoards all the money and pays so little.

      The rich will be taxed either peaceably or not.

      • Syrin

        Hey idiot, ALL taxation is done by coercion. I bet you think the first step to building a house is to staple a bunch of roof tiles together. Your lack of understanding the most basic concepts STILL surprises me, and my expectations for you are lower than a kindergartener because at least they are capable of reasoning. Your indoctrination is so thorough is trumps logic. You’re like a case study is propaganda brain washing.

        Hey, type “squirrel” for me.

        • Summer_Too_Hot

          Gary believes that more taxation on people would be redistributed back to the economy…..which is false because when a government is corrupt they could use the tax money for their enrichment. And the unions and public workers collude to get higher pay with benefits from taxpayers’ monies even if the worker may be incompetent.

          I agree with Gary that the rich must help the community, but taxing everyone higher doesn’t make sense since the middleman is the government handling the monies.

      • Summer_Too_Hot

        You really loved her—your social sciences teacher whatshername??

        what if the tax money goes to enrich a corrupt government?

    • f

      A person who accepts food stamps isn’t necessarily “plunged into poverty.” We’ve all watched people pay for groceries with food stamps, then carry the bags out to their new cars, all the while babbling into their cellphone. They take the food stamps because they can, and because they’re shameless. If you subsidize something, you get more of it, and this country’s “leadership,” especially those on the left, has worked overtime to make it possible for Americans to live comfortably at the expense of the tax-paying class.

  • Mondobeyondo

    Makes me want to break out the old hand cranked MP3 player, and pull up “Glory Days” by Bruce Springsteen.

    I do not want to say our “glory days” are behind us.Summertime at the park, playing baseball, Mom baking apple pie in the oven – I get it. I am an optimist at heart. But if we, as a people, nation, culture, etc – don’t do a 180 degree turn in a New York minute, we are doomed. Doomed. That’s right I said it. And yes, our glory days may well be behind us. It saddens me to say that, but the truth hurts.

    By the way, you might wanna check that apple pie. It could be overcooked right now. Heh!

    There is no indication we are even considering changing our ways, from the top (highest levels of government) to the bottom (guy begging for change at the bus stop). Therefore…..

    The future, for better or for worse, is in our hands.

    • 2Gary2

      springsteen sucks and is way overrated. he has all of one good song–”cover me” the rest are terrible.

      • GSOB

        agree

  • Chuck

    Could be me..

    my amazon account is open, i click on the “buy from amazon” link under the book picture an takes me to the next page.

    I then click on continue and it says my cart is empty.

    I did that 5 times before I quit.

  • TtT Engine

    How many Americans receive a rent subsidy, a utility subsidy, a cash allowance/EBT card and/or food stamps ? The generation that grew up in the 30′s, 40′s and 50′s, had their choice of both great paying white collar and blue collar jobs. People had pride in their livelihood and a paycheck that went into their pockets. Newark, NJ used to have 5 or more active breweries. Detroit, as you previously wrote about, used to have one of the highest standards of living in the country and now faces bankruptcy. The Woodstock lefties, when they weren’t growing pot, replaced God with gargantuan Government. Michael, look at the lavish palace the NEA runs their Romanesque operation out of that we pay for. Now we have a back breaking government that taxes/regulates us to death like a parasite on the sweat labor of what’s left in America. Is there any time left in the hour glass of time to capture back some of our great American manufacturing ? Look at the beautiful red brick manufacturing buildings throughout America laying empty. Let’s start by massively and responsibly harvesting our natural resources of energy so we can remove the shackles of OPEC and be truly energy independent. Enviro-pagans, please do not respond with your half cocked wind mills, green algae and grotesque metallic solar panels ruining our beautiful landscape. Remember how the lefty frauds used to obsess about open space. I actually feel anxiety passing through some of these disgusting wall to wall solar and windmill chambers. It may be our last chance. Let’s get people back to work in good life sustaining jobs. Lefties, take a look at the boom in North Dakota and sober up before it is too late. Christi Fidelis !

    • Mondobeyondo

      America was a different country half a century ago. Back then, Detroit was the powerhouse driving the U.S. economy. Everyone wanted our cars. People all over the world clamored to buy Fords and Chevys and Cadillacs (or so the popular perception goes. Probably true to a great extent though.)

      Look at Detroit today. If Detroit 2013 is the pride of American economic might – I fear for the future of this country.

    • Gay Veteran

      and how long is the boom in North Dakota going to last?

  • 19yearold_person

    I really wished I could have read this blog in the 2000s. I followed the sheep in high school. I should have really spent my money on gold and silver with my high school savings. Gold and silver were relatively cheap before the food speculation of 2006-2008. Buying $100 worth of silver in 2003 would be a true savings of wealth for me.

    I spent most of my high school savings on Pokemon cards, gaming systems and so many other junk.

    I think the millenium kids (born from 2000) are being trained to buy clothes, cosmetics, “Molly” and a host of overpriced goods than the 1980 and 1990s people. Ever watched Nickolodean TV shows these days? It’s mostly consumerism.

    I view this blog as something to read and form your own opinion. It’s different in a sense that the writer does not bring doomsday theories or instigate riots or violence.

    #Knowledge is power.

  • 2Gary2

    Gary2 prediction:

    I’m
    optimistic that America will survive the damage that is being done to it
    by the Republican party, the Republican party will not survive the
    damage that it is doing to itself – not that that’s a bad thing, you
    understand.

    The “party of Abraham Lincoln” ( HEE! HEE!) will
    cease to exist in about five years or so.George W. Bush will be
    remembered in history primarily for two reasons:

    First: As the most corrupt, insanely incompetent president in the annals of human stupidity and….

    Secondly: As the last Republican president. There will never be another one. Mark my
    words.

    • Syrin

      Wow, I had no idea the republicans passed the NDAA, Obamacare, raised the taxes, authorized drone killings of US citizens, weaponized the IRS, had the NSA spy one every single American, armed the DHS to the teeth, authorized QE infinity, recruited foreigners to welfare and food stamps, and held the presidency and Congress all these years. Thanks for informing us. Hey Gary, how many times did you “baa” when posting that? The Vegas line is a dozen even.

      The problem for you is you won’t be alive in 5 years to see how wrong you were, but when another Gary tries to take stuff from you in those moments before your demise, you may have a brief epiphany, but I doubt it.

      • 2Gary2

        you can ramble on all you want. I am correct and you are incorrect. Deep down all conservatives know they are toast.

      • Gay Veteran

        there is no difference between the 2 parties, they are both owned by the elites who use divisive social issues to get people to think there are actual differences between the parties

    • Shmeggle Marxist

      you are so clueless, you are dangerous. only a joke commie lib actually thinks as you do. keep drinking the effeminate KOOLAID you scumbag lib

    • TtT Engine

      And the lefty democratic demagogues were the party of slavery and today, the abortion party. They can never shed their depraved guilt because they are Godless. God will have the last word. Save your predictions. Christi Fidelis !

      • 2Gary2

        God may or may not have the last word, however, in the mean time conservatives are toast.

        • GSOB

          I admire your admiral stance on your position. Why? Because you make a valid point.

          ‘Obamacare is destined to fall.’

          Thanks. I hope it does.

  • 2Gary2

    tax the rich and spread the wealth!
    Tax the wealthy to keep us healthy.
    tax the greedy to help the needy.

    Obamacare is doing exactly as it was designed to do–fail so we can get single payer like all the other first world countries.

    • Summer_Too_Hot

      The rich will never get taxed pal!

      You keep on chanting conjectures from those public school teachers—and do you know unions and public workers collude to get higher wages and benefits from taxpayers’ monies?

      What about the rich using their money to contribute to the community through donations? Taxing people only makes the incompetent unionized public servants richer.

      And what will happen if the government is corrupt and use the tax monies to buy real estate and investments as most governments do in impoverished countries?

      Some countries have a Value Added Tax of 20% and a income tax of 40% and the country doesn’t even have a welfare system or even working toilets in the classrooms?

      Taxation is a manipulated form of redistribution.

      And I hope the IRS doesn’t audit me this country America ain’t free.

    • Shmeggle Marxist

      you are truly a piece of living SH**T

      • Gay Veteran

        oh, look at the foul mouthed troll

        • Shmeggle Marxist

          bwahahaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

    • otter1111

      So are you admitting Obama was really lying to America about Obamacare in the first place? Do you really support that kind of leader? What else is he lying about?

      • 2Gary2

        yes–I was in dem OFA meetings back when Obamacare was being discussed and the only way to get single payer was to not control costs so it would fail and we would have no alternative but single payer. Its about time this country catches up to the other first world countries healthcare systems.

        Yes Obamacare was designed to fail. I am surprised the media did not pick up on this. If I was in OFA meetings where it was openly discussed then everyone should have known this.

        • GSOB

          interesting perspective 2Gary2.

          presently, it’s not doing so well.

    • Sequoia

      OBAMACARE IS DESIGNED TO ENRICH THE INSURANCE COMPANIES AND SCREW THE REST OF US!

  • 2Gary2

    and the repubes are cutting food stamps–the repubes are toast. conservatives are going down so hard :)

    • Rodster

      Memo to Gary2 the low information voter. The Repubes are an extension of the Dems. Repeat after me. THERE – IS – NO- CONSERVATIVE – PARTY – ANYMORE. It is all an illusion. Just like Paul Krugman who thinks he’s an economist.

  • 2Gary2

    Michael–when is part 2 of your book coming out?? I want to know what happened to the characters at the end.

  • Dave

    The Problems with the United States are primarily structural.

    In the economic sense, it is simply logical that there will be no middle class in america or any other OECD country as in a globalised economy labour prices are at record lows. Every. Single. Job. will eventually move to where it can attain the most value for the employer.

    Another problem with a globalised world is that corporations can now absolve themselves of any moral or community obligations, as they can shift all their liquid capital to another jurisdiction at the click of a mouse. There is no longer an implied obligation to provide a living wage, train staff and give them experience, nor to clean up toxic wastes or brownfield sites, nor to adequately provide for injured workers.

    The US political system is corrupted by the fact that individual members of congress are not required to vote along party lines, and thus are able to be influenced by corporations much more easily than if a party voted as a bloc and a lobby group had to buy off a whole party.

    There is also too much overlap in goverment in the US. The reason the US education system is so poor is owing to the lack of a centralised school system in each state run by the state government. Each school district varies in quality, and the property tax regimen that funds the system allows for continued de facto segregation of disadvataged students into lower-resourced schools.

    In addition with no standard state or national curricum, school districts can add subjects to the curriculum to appease lobby groups. There is also less accountability in such a system

    The system of each city having its own police force is also a recipe for corruption. There are over 14,000 different law enforcement agencies in the USA. There is enormous overlap in jurisdiction in law enforcement, and paradoxically, poorer cities with more crime have less police per capita than low crime wealthy areas because they are all seperate. If the state police ran all policing in a particular state, they would be able to better allocate resources to where they are needed, rather than to which city has more money. A statewide Police Integrity body is likely more effective at combating police corruption than local investigators are.

    With regards to healthcare, in my country this is also run by the state government. There is a system of public hospitals that are free to attend. Everyone pays a small levy on income to fund this. Ambulances are funded by the state government to ensure the service is uniform statewide, rather than better in wealthy areas and worse in poorer areas.

    I see very little need for county and local government beyond maintaining roads, and collecting the trash.

    Retirement plans should have been left to the market a long time ago, with tax incentives to do so.

    Although within 30 years, there will be no “first” and “third” world countries, there will only be an elite of say, 5-10% of the population dispersed worldwide, living in gated or segregated communities, with current standards of living; and then everyone else will be on much reduced standards of living.

    Unfortunately we as humans are no different to seagulls fighting over chips. A select few seagulls will get most of the chips. Think back over 2000 years of history, this has been the economic model for almost all of this time, and is in most of the world to this day.

    Middle Class was a pipe-dream for 50-odd years, an illusion fueled by above average wage rates due to US industrial supremacy at the time.

    As much as many “aspirational” people want to support the status quo, believing they too will be one of the chosen ones in that 5%, they are deluding themselves.

    Most people will get left behind, and with enough lackeys on marginally better terms than everyone else, this system will be maintained.

    • Ralfine

      “to provide a living wage, train staff and give them experience, nor to
      clean up toxic wastes or brownfield sites, nor to adequately provide for
      injured workers”

      THAT comes through legislation. It means, you have to elect those parties that provide that sort of legislation and not those that win the best shouting match at a talk show on prime time TV.

      But then, every nation has the government it deserves.

      If you do not care who rules and do not even participate in elections (38% participation in the US), then you get what you asked for. Somebody doing something. And mostly not what you need, but what they want.

      With current 38% participation, half of that going to Dems, the other half to Reps, there is room for 60% communist vote, if participation is 100%.

      Just think about it.

      I am not saying that the US will ever have a communist president. When Salvador Allende was elected in Chile, he was brought down by the CIA and ITT.

      “Nixon said the choice of government by the Chileans was unacceptable to the president of the United States.”

      (wikipedia)

      It will be not different in the US, but at least you must try. Otherwise, you will never know.

      Replace “communist” by any party you like, Grey Seniors, Beer Drinkers, Greens, Pink Panther, Yellow Ribbon, Black Feet, whatever

      • Sequoia

        Here in the USSA,the political parties and elections are all rigged.You would have to see the masses rise up to another solution,but it aint going to happen here,because the masses are too dumbed down,and still believe in this system.
        Youonce said that we got what we deserve,because we keep the two party corrupt system in place. It is true,because the sheeple keep buying into the lies.

        • Ralfine

          The US has about 31 political parties.

          You have the choice but you don’t choose.

          • Sequoia

            You choose them and you are ignored. look what happened to Ron Paul,eventhough he ran as a republican.
            Since most everyone has been brainwashed here in the USSA,that is why it is the way it is.
            Here in Mexico, there is pretty much a two party monopoly also.

          • Gay Veteran

            and how many elections have those parties other than the Demolicants and Repubucrats won? the elite fund the 2 parties

  • Ralfine

    Cross check:
    #6: 12 million are 30% less than 17 million
    #8: 32% manufacturing jobs are lost.

  • Ralfine

    #11: That is the logical result when you prohibit the export of advanced technology.

    During the cold war, when almost everything was on the embargo list for the eastern bloc, we had to re-develop all the wheels, because nothing was available on the so-called “free” market.

    For too difficult stuff, the government resorted to arms deals with Iran and Iraq, when they warred with each other, drug deals, and selling political prisoners to the west to get dollars and then having that technology on some black market in the third world delivered by the CIA in some third- and fourth party deals.

  • Ralfine

    #12 is a direct result of #11

    You prohibit the export of high technology and force other countries to develop their own. Usually those underdeveloped countries can produce the same thing cheaper, since the only things they have in abundance are brains, and they use them extensively to make more out of little resources.

    As a result, they make money on the free market with technology you can’t buy from the US.
    And with that money they improve their industrial base.

    So, #11 and #12 are results of US “patriotism”.

  • Ralfine

    So, America like North Korea is isolating themselves from the rest of the world and not making many new friends. In addition they spy on allies, alienating them as well.

    So America will go the same way down as North Korea. Americans are even brainwashed like North Koreans, believing they are the greatest.

    There is still momentum keeping America moving forward. But there is more friction and less push.

    With some companies you can get a 7% discount if you pay in Chinese Yuan compared with US Dollar.

    The day will come when you can use US Dollar only within the US.

    China is building huge oil storage tanks, so they can use their US Dollar and buy oil.
    They seem to buy gold, and mines, and agricultural fields, and real estate and factories in the US. Anything to get rid of their greenbacks.
    And if the prices go up, they don’t really mind. As long as they get rid of the dollar.

    • Sequoia

      Here in Mexico,many places don’t want the US Dollar either. Before you could go almost anywhere in Baja california to pay bills and services,but since within the last few years,they only want Pesos.

      In the touristy areas.are about the only areas that will accept the USD.

      Some businesses will make it difficult for you. to purchase goods in Dollars.

      • safee

        is it safe to live in areas like Tijuana or rosarito i am planning on moving out of southern California it is a total mess and keeps getting harder to live out here, would you recommend me moving out there.

  • shadowking

    Time to move to asia. They are rising while we are falling.

  • Cincinnati Dave

    Michael – I check your web site EVERY day. I am 58 years old. I have been in banking/mortgages/finance for 30+ years. When I talk about “collapse” everyone thinks I am a gloom and doomer. It is so sad that 99% of the citizens of this once great nation have NO CLUE of how the economy works and what is about to transpire. We cannot continue to print print print spend spend spend – this whole thing is like looking at a train wreck coming in very SLOW motion. My personal income has declined every year since 2007 – and the cost of everything does nothing but continue to rise. My wife and I have some very tough decisions to make – unfortunately, for me, she is living in the land of fantasy also. Please keep up the good work!

  • James

    Michael,
    It seems to me that outside of the federal government (including the military) and Wall Street there are very little good paying jobs anymore in this country do you agree?

    • Mondobeyondo

      There’s always Wal Mart.
      Apply to be a Wally World greeter. Say “hi” to everyone. Get paid minimum wage!

  • chris

    If you consider that the central banks of the USA and UK (and others) have deliberately encouraged people and governments to get into massive debt in order to hide the collapse then Michael is correct. Simply look for the point where debt started to be used to keep the economy going and that is where the collapse really got going, sometime in the 90s i would say.

  • shadowking

    I have family members who ask for $4000 to go on vacation, and are living paycheck to paycheck. Some are planning on buying brand new cars, and asking others to co-sign. Many are having as many kids as they possibly can and going on welfare while living in basements. There is no reasoning with theses people. It is a YOLO mentality. You only live once. I’m not bringing any kids to this f#cked up world.

    • Mondobeyondo

      Just another example of our twisted values. Sometimes you have to ask yourself… WHY??

      WHY would you ask for $4,000 to go on vacation, when you’re living paycheck to paycheck? Shouldn’t you concentrate on more important issues? Like, I dunno, FOOD? Electricity? Water? Are they planning to leave the country with that $4,000?

      • shadowking

        No, just driving cross country. To Atlanta. I don’t think that was the the real reason for the money.

  • Covington

    I would add that the price of transportation equipment has been on a steady rise. I am, ofcourse, referring to semi trucks and trucks. 2% per year ever since 2004.

  • Covington

    I love the lists you do. And people always ask me why I live in Mexico especially those that dream of going to the US. Lists like this spell things out clearly but as you say people just don’t want to open their eyes. They’ld rather beleive that everything is fine and the problems are going away. I guess otherwise its just too much to wrap their heads around the situation and accept the facts as truth.

  • XSANDIEGOCA

    The Horror! The Horror! – Marlon Brando

  • Trailer Park Investor

    Everything is bad.
    The economy is bad(just look at Detroit&other cities)
    Jobs are bad. (no jobs OR part time jobs)
    Debt is bad. (evreybody owes somebody)
    Money printing is bad. (when we run out of trees)
    Derivatives are very very bad.(tick-tock, tick-tock)
    Banksters are bad (own everythng & want more)
    Politicians are very very bad (sold to highest bidder)
    Being disabaled and on a fixed income is BAD.
    The air we breath is bad. (chemtrails)
    The food we eat is bad. (GMO’s)
    The water we drink is bad. (flouride)
    Are kids are bad. (now raised by the State)
    And most of our wives are bad (think life should be like a soap opera, no one works, no bills, no money worries, everyone is a doctor or lawyer and still does NOT work)

    • Nicholas

      The teachers are bad. Especially the females who do the Missionary with students and end up being protected by the public unions.
      The government workers are so lazy most can’t spell properly and yet the public unions demand more job perks.

  • Tom_F

    Yep, I love it. All the evidentiary stats and stories in one place, backing up your point. Also, I come for the blog, but stay for your photos!:-)

  • seth datta

    Not just the US. The banksters have sold out the entire Western society for their lust for power.

  • Rufus T Firefly

    Blessed are the meek, for they shall inherit the earth. And let’s get them off to a good start by giving them dirt here on earth. The further we get into the 21st century, the more we liberate ourselves from this ridiculous notion that 90% of the population actually deserves anything more than the bare necessities of life. Do your work to keep the 10% living the luxurious life God wanted for them….that is why He made them rich. Revel in the glam life of Paris Hilton while you struggle to pay your bills. That iswhat life is…unfair as both John Kennedy and Jimmy Carter told you.

  • Paul

    You know what I’ve noticed the most Michael? I live in what would be considered an upscale suburban area. Lots of kids running around, people outside a lot, you know the type. When I approach people about “bartering” now, I don’t get that slack-faced look anymore. People seem only too willing to engage in barter now and they don’t seem put-off by the language anymore either. I recently bartered some tree trimming service for a few hours of my neighbors watching my Son while I was at work.
    One other thing I’ve noticed also is that the economic collapse is being hidden. People are prideful and don’t want to show that they are hurting. Same neighbors, I found out later, are 3 months behind on their house payment and in danger of foreclosure. Their bank is unwilling to work with them. They have 2 13 year old daughters.
    I, too, think that the economic collapse is already unfolding in front of our eyes. I think that people are just doing a good job of hiding it from others but that this will, inevitably, change. Down here in Tucson, I can’t even go through town anymore without seeing all the businesses that have closed down. And it’s not just your typical Mom and Pop that closed after a year or two. It’s large, big box type stores that are closing down. My Big Fat Greek Restaurant (multiple locations), Ultimate electronics, Marie Calendar’s and many more have shut their doors.
    On the flipside though, and my Wife keeps pointing this out to me as well, people are spending money like drunken sailors down here. Every time we go out, restaurants are packed, the mall parking lots are full to capacity and people are always on the golf course. I usually hear “I thought the economy was terrible?” from my Wife when she sees all this and, quite frankly, I’m a little stumped by it myself. I just keep thinking of the running of the lemmings to the cliff…

  • jakartaman

    Totally agree on a collapse-always have. My issue is will it continue to be a slow agonizing bleed out or will there be a straw that brings it all down fast.
    I use to think the latter but as time drags on – i am starting to think the former???

  • robert burns

    I think your articles are excellent and I do share them. We have seen collapse in our lifetimes such as the Soviet Union and Argentina to name 2. I think our American situation is a bit different in a few ways such as the prevalence of firearms, our dependence on automobiles and therefore fuel for them and our “just in time” distribution system for food and fuel as well.

    I don’t know what collapse looks like and I doubt many do who live in this country. Collapse would entail the national currency becoming essentially worthless but I imagine through government decree it would be required to continue to accept the currency with gold and barter being banned. Don’t ask me how it would be enforced on any count.

    The problem for “preppers” is that eventually they run out of stuff. You can only stock so much stuff and then it is gone. How many know how to make candles from scratch? What happens when your insulin is not available at any price or you have no electricity to keep it cool?

    So you store gasoline. 500? A 1000 gallons? It goes stale in months. Suppose you need a new battery for your vehicle even if you have fuel?

    My basic point is that we are a community like it or not. People have relied on communities for centuries with division of labor. There are few Jeremiah Johnsons and if he manages to break an ankle, he is done too.

    Sooner or later the pain is going to come no matter how financially fit you are. I am but I suspect the government will confiscate my money as happened in Cyprus. The 1% will escape as usual, but the middle class and the other 19% of the top 20 will likely be brought down.

    Americans are used to “easy living” even among the so-called poor. Most Americans have indoor plumbing, heat, a/c, transportation with enough left over to buy another tattoo. The government’s problem will be sustaining a system somehow, someway.

    I’ve tried several times to get several of my peers to join me in buying some land with water and cultivation prospects. No one is willing. It isn’t they don’t believe that we are in deep stuff, they just cannot bring themselves to accept it. I think that is true for most.

    • TtT Engine

      Prepping simply buys time for the Judaio-Christians to form a new world and the atheist enviro-pagans to build theirs. It is only a lifeline. Christi Fidelis !

  • Stef

    It’s a great way to quickly get a comparative snapshot of data. They are also quite useful for helping to wake up others to reality.

  • Rodster

    Detroit files for Bankruptcy !

  • Patrick

    Michael great article keep telling the true how wants going on with economic

  • Dave Jenkins

    Great stats Michael.

    Detroit filing for Bankruptcy sounds ominous.

    People should learn to barter and have barter items ready for the future. Bottles of vodka, whisky, cigarettes, female hygiene products, ibuprofen, aspirin, toilet paper, batteries, etc. will all be good barter items to have.

  • CollegeEducatedHooker

    You should mention the student loan debt crisis. It’s pretty awful. Imagine being college educated, in your 20′s, and totally, utterly hopeless. Your life opens to a massive debt that you were pressured into as an 18 year old in order to “better yourself.” Detroit can file bankruptcy, but students can’t. It’s not just a problem of youth either, it’s a problem that happens to people of all ages.

    My name is where my college education has gotten me.

  • Johnny Come Lately

    unbelievable to think that in a decade or two this economy has fallen literally down!

  • MichaelfromTheEconomicCollapse

    Keith:

    I love when people share links to my articles on Facebook. Please feel free to do so. In fact, I encourage everyone to share these articles as much as possible in as many ways as possible.

    Michael

  • Scotty Bob Johnson

    Lists are great if they are accurate, try inflation and recession adjustment, take the poliical bias out and don’t fear monger, we can get fearful all by ourselves.

  • Scotty Bob Johnson

    Not sure what a Shmeggle Marxist is, but sound like a GOPer who is very poor and mad because he did everything according to the GOP handbook and he is still poor.

  • Hammerstrike

    Project Mayhem!

  • cecilhenry

    In 1970 the US was 90% white.

    In 2013 its 74%.

    The problem is: AFrica for Africans, Asia for Asians, White Countries for Everyone!!

    Its GeNOcide. Enough.

    FTWR…..

  • frednash

    and 1470 its was 100% native

    with a much better lifestyle!

  • jessi

    fatca and fbar will save usa…
    now you can relax and borrow all you can. ;-)

  • http://www.stmartinsystems.com Gary Kuhn

    lists are good. reminds us of Harper’s Index

  • rokinurwrld

    All I have to say is we need to go back to basics piss on all these stupid regulations on businesses and let’s get the manufacturing businesses back to America that is what killed our economy them saying global warming etc what a joke all our mainstream jobs went to Mexico China Japan its like our government wanted the USA to fall I don’t blame the businesses for going elsewhere I blame these tree huggers don’t get me wrong I believe 100 percent that we need to take care of or great mother earth so why don’t we start pushing these other countries to fix their smog too let’s see like Mexico they have more pollution in 1 day than we have in a year so hmmmm I don’t believe we are the problem here and now that a lot of our jobs went there for cheap labor they even have more pollution bring big business back to the united states that would solve all our problems.

  • Darius Dpas Deepazz Smith

    That’s why they called the 2000s “the lost decade”.

  • John

    Global collapse is a mathematical certainty. It’s happening already. To know why you have to understand the global economy, the meaning of a bubble, and understand that the debt crisis is directly linked to the energy crisis. They are not separate. Infinite growth with finite resources can only lead to one place. A cliff.

  • Adam

    This is true and badass that someone finally understands

  • Wesley

    i think that when the world ends i will buy all the ice cream and shove it in my pants so my weewee shrivels up then ill stick it in my local atm and recieve enough funds to survive for a little while before i haveto eat myself starting with my weiner. just nibble away at it until my urine comes out so fast that i can drink it for years.

    • wesley routley

      >:)

  • James

    Ever see the movie Idiocracy? Too many people are just too stupid for their own good. The people of this once great nation have allowed politicians to think for them. This is what you reap for complacency & the abandonment of vigilance.

    Anarchy is the only way; just don’t physically directly harm anyone and all other ‘rules’ don’t mean a thing.

    All our ‘words’ of protest have fallen on deaf ears. Politicians don’t listen, they do what their paymasters tell them to do. It’s time for all of us to stand up & fight or die. Anything less would be to support this grossly criminal organization calling itself a government. You’re either with ‘them’ or against ‘them’.

  • BobBurnitt

    It has been “collapsing” LONGER than that. When we got on Keynesian Economics in 1934 we were forever DOOMED. But I was born in 1951, I started working in January 1969, that is when my “Adult life” began. The first 4 years were awful, I could not get a decent job, but by 1973 I had my own Business, however in 1973 something happened that was so PROPHETIC. Overnight the price of FUEL DOUBLED, the price I paid. My costs soared due to this, but my PAY stayed the same, in 1974 the “Stuck Market Crashed, we went in to a terrible “recession” and we have NEVER come out of it except for short bursts during Looting Sprees and Phoney Housing Booms that resulted in ever WORSE Recessions / Depressions, whatever you want to call them. So we have never truly been out. The late 70′s we have Depression and INFLATION at the same time. When fuel hit One Dollar a gallon, everything flew apart. in 1980 the Depression and 20% Inflation continued due to the MONEY PRINTING they were trying to do to “jump start the economy”. Then Reagan was elected, Paul Volcker was already Fed Chairman, he raised interest rates to 15% and it COOLED INFLATION which was very good, but the economy was still shot. then they started LOOTING the Savings and Loans and just about every stinking one of them collapsed but we had a “Housing Boom” that lasted a couple of years. Then that crashed. The 90′s were just constant STAGFLATION, I even went back to college as I had nothing else to do. I earned a degree in REAL ESTATE, people told me that was where the money was, and it IS if you *OWN IT*. but I was BROKE from the prior 20 years of depression and inflation.

    I am 62 YO and I can say, there has NEVER been a time of “Prosperity” in my life. The Post WWII Boom ended in about 1970, then Nixon Shock in 1971. We had the Fraudfest of the late 90′s in to 2008, I TOLD my Congressboy to his FACE in 2002 the WHOLE THING was going to COLLAPSE unless the government DID SOMETHING, he said that was “Ridiculous”. But you know what happened. There has NEVER been a good time in my life, but I am OLD now. I have nothing, and am disabled now. The USA is OVER and so am *I*. The USA is the biggest RACKET and Fascist Con Game ever proposed. Its a joke and it will NEVER get better, only worse, I have 45 years of HISTORY to back it up year by year, I LIVED IT. It has ONLY been GOOD for the THIEVES. When the Post WWII “boom” ran out, so did WE. We have been living on Credit and counterfeit money (fiat currency) ever since. it is TIME for people to WAKE UP. BB

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