The Beginning Of The End
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48 Percent Of Americans Believe Another Great Depression Is Likely In The Next 12 Months – 19 Reasons Why They Are Not Completely Crazy

Do you believe that the U.S. economy is steamrolling toward a depression?  If so, you are not alone.  According to a recent CNN poll, 48 percent of Americans believe that "another Great Depression" is likely within the next 12 months.  Americans have been waiting for almost three years for a "recovery" to materialize, but instead there are all kinds of signs that the economy is about to get worse yet again.  Inflation is rising but wages are not.  There are millions of Americans that would do just about anything to get a decent job.  The "misery index" is the highest it has been in almost 30 years.  All of the recent polls show that the American people are more pessimistic about the economy than at any other time in recent memory.  World financial markets are incredibly unstable right now and many analysts are expecting a repeat of 2008 (or worse).  Meanwhile, our state and local governments are drowning in debt, the federal government is drowning in debt and governments all over Europe are drowning in debt.  No, it is not crazy for 48 percent of Americans to believe that we are about to go into another Great Depression.

Just think about that statistic for a moment.  Nearly half of the country expects the economy to fall to pieces at some point over the next year.

So do I agree with them?

Yes, I certainly believe that an economic collapse is coming.  But that doesn't mean that it will necessarily happen within the next year.  The United States is in the midst of a long-term economic decline, and the next big financial crisis could potentially happen in 2011 or 2012.

But it might not.

There are so many variables and it is so hard to predict with certainty the exact timing of how things will play out.

However, it is true that incredibly painful economic times are coming.  Our long-term economic future looks unbelievably bleak.

So anyone that believes that we are headed for another depression is certainly not crazy.  The following are 19 reasons why it is perfectly rational to be pessimistic about the U.S. economy right now....

#1 Today, 25 million Americans are either unemployed or underemployed.  6 million of those have been out of work for at least 6 months.  The average duration of unemployment in the U.S. is now close to 40 weeks.

#2 The unofficial misery index, which is calculated by combining unemployment and inflation, is now at a 28 year high.

#3 Sadly, if unemployment and inflation were calculated the same way that they were back in the 1970s, the misery index would actually be much, much higher.  According to John Williams of Shadow Government Statistics, the current "real" rate of inflation is approximately 11.2% instead of the 3.6% figure that the U.S. government wants us to believe.

#4 Greece is on the verge of complete and total financial collapse.  The yield on two year Greek bonds is up to 28 percent.  The European Central Bank and the German government have been fighting over what to do to solve the Greek crisis.  The truth is that without a bailout the Greek government will default.  If Greece defaults, it would be a huge nightmare for world financial markets.

#5 Neil MacKinnon, an analyst at VTB Capital, is warning that a Greek implosion could set off a 2008-style financial crisis....

"The risk of a 'Lehman moment' for the eurozone is increasing"

#6 Spain is also potentially a major problem.  The Spanish economy is more than twice the size of the Greek, Irish and Portuguese economies combined.  Over the past 12 months, the yield on 10 year Spanish bonds has been rising steadily, and many believe that Spain could be the tipping point that pushes the sovereign debt crisis in Europe over the edge.

#7 State and local governments all over the United States are cutting their budgets and are implementing brutal austerity measures.  For example, one small town in Alabama has actually decided that they are simply going to stop paying pension benefits to their retirees.  In other areas, teachers and police officers are being fired in massive numbers. UBS Investment Research is projecting that state and local governments in the U.S. will combine to slash a whopping 450,000 jobs by the end of next year.

#8 The middle class in the United States is being systematically ripped to shreds.  The poorest 50% of all Americans collectively own just 2.5% of all the wealth in the United States at this point.

#9 It is never a good sign when even the big Wall Street banks start laying off workers.  CNBC is reporting that Goldman Sachs, Morgan Stanley and many other big firms on Wall Street are planning some large staff reductions in the months ahead.  That is a very bad sign for the economy.

#10 Things have gotten so bad that some mainstream media outlets are actually encouraging Americans to go out and start racking up credit card debt once again.  For example, one recent USA Today article was actually entitled "More credit card debt might be good for the economy".  Of course the big banks are ready to suck the lifeblood out of anyone that does slip up on making their credit card payments.  One major bank has announced that a single late payment could result in a penalty rate as high as 29.99%.

#11 According to the Bureau of Labor Statistics, the share of national income being taken home by American workers is at a post-war low and is rapidly declining.

#12 Reuters is reporting that many of Wall Street's biggest banks plan to cut their use of U.S. Treasuries starting in August.  China has already been dumping short-term U.S. debt.  But if most of the big players abandon the market, who is going to buy up the massive amounts of debt that the U.S. government needs to issue?

#13 Dean Baker of the Center for Economic and Policy Research apparently believes that we are already in a depression....

"At some point, the pain of high unemployment may lead to some new thinking in Washington – but until that time, welcome to the second Great Depression"

#14 The U.S. banking system could plunge into disaster at any moment.  The FDIC is backing up 7 trillion dollars in deposits with an insurance fund that barely has anything in it.

#15 It seems like almost everyone is talking about the next financial collapse.  Renowned investor Jim Rogers recently said the  following....

"I would expect to see some serious problems in the foreseeable future….By 2011, 2012, 2013, 2013, I don’t know when, we’re going to have an economic slowdown again."

#16 Legendary hedge fund manager Mark Mobius is bracing for the worst.  Just consider the following quote from Mobius that recently appeared in Forbes magazine....

There is definitely going to be another financial crisis around the corner," says hedge fund legend Mark Mobius, "because we haven't solved any of the things that caused the previous crisis."

#17 Between 2007 and 2010, U.S. GDP grew by only 4.26%, but the U.S. national debt soared by 61% during that same time period.  It is clearly unsustainable for our debt to be growing so much faster than our economy is.

#18 Peter Yastrow, a market strategist for Yastrow Origer, recently told CNBC the following....

"Interest rates are amazingly low and that, thanks to Ben Bernanke, is driving everything," Yastrow said. "We’re on the verge of a great, great depression. The [Federal Reserve] knows it."

#19 The American people are extremely pessimistic about the economy right now.  According to one recent poll, 56 percent of Americans have lost sleep due to the economy and about three-quarters of Americans believe that the nation is on the wrong track.

The nation is in a very sour mood right now, and this is causing even many in the mainstream media to ask some very hard questions.

For example, Jack Cafferty recently asked the following question to viewers on CNN....

"What are the chances the U.S. economy could eventually trigger violence in our country?"

You can view the video of Cafferty asking this question right here or you can just watch it below....

Sadly, we are already starting to see violence erupt all over North America.

Yesterday I highlighted the horrifying violence that we saw in Vancouver this week.

In previous articles I have discussed the insanity that has been going on in major U.S. cities such as Chicago.

Now even the mainstream media is being forced to report on the surge in violence.

A recent USA Today article described some of the most recent mob robberies that have been happening in Chicago....

A Chicago Tribune report tells of a 68-year-old man from Washington State who was set upon while he was smoking a cigar on a bench when youths surrounded him, attacked him and reportedly stole a phone and iPad. The report says a 42-year-old Japanese tourist also was beaten and robbed on a bicycle path by the lakefront. The paper says seven were arrested, but that the group participating in the felonies was estimated at 15 to 20 people strong. One 20something suburbanite told Chicago's WGN TV that he was hit so hard in the head with a baseball that it knocked his motorcycle helmet off. he managed to fight his way out of trouble and hail police, he said.

When people don't have hope, they get desperate.

There are millions of other Americans that are suffering through this economy quietly.

There are so many people out there that have worked hard and have followed all the rules and yet now find themselves struggling just to survive.

For example, a reader named Carolyn recently left a comment in which she shared her story with my readers....

My husband lost his long-term job in 2009 due to budget cuts. Don’t worry, I said. I’m still working, and we have a year of our salary in savings. You’re smart, you’re educated, you’re a hard worker. You’ll find a job soon.

Two months later, my long-term job was sent to India.

I still wasn’t worried. I’m smart, I’m educated, and I’m a smart worker.

A year and a half later, I haven’t found new career yet. I’m 50. No one is going to hire me. I am working – at a Home Depot. At a 79% pay cut from my prior position. But it doesn’t pay for anything. My husband found a new position in his field – at a 62% pay cut from his prior position.

We lived off unemployment and our savings, until both ran out. We put our house and investment property on the market the day after I lost my job.

We haven’t had one offer.

We just had our Chapter 7 bankruptcy discharged. Our foreclosure is still pending. No word yet when that will be done.

To add insult to injury, we owe Federal income taxes on the penalties we used to make withdrawals from our 401(k)’s to live off. My husband took a job in another state, and we were SHOCKED to learn that we owed NEW YORK STATE taxes on the income he earned in Mississippi – to New York state! Apparently there is some loophole that if you are a property owner in New York, but earn income in another state, you have to pay New York state income taxes on out of state earned income.

We’ve been told once our foreclosure is finalized, we may owe taxes on that as well.

What happened to our country?

It is so sad to see what is happening to America.

Things are so hard out there for so many millions of American families right now.

But the truth is that things are much better at the moment than they will be in a few years.

So what is America going to look like when there is no doubt that the economy has collapsed and people have no hope at all?

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  • a cruel accountant

    We are in a depression. 48% makes me think we are at the bottom and things can only get better.

    • Mike

      “48% makes me think we are at the bottom and things can only get better.”

      Admire your optimism, but it can be dangerous. Wait until entitlements begin to be cut back, and cut off. Think Greece is bad? This is an angry country…..and armed to the teeth. This year, next year, who knows. But this IS going to end badly.

      • mondobeyondo

        No, there will not be a happy ending to this, at least not in the USA.

        Seniors have guns. (“Don’t you even think about cutting my Social Security, etc…) The middle class has guns. And God knows our young people and teenagers are armed. They will most likely go mob rioting at the slightest hint of inflation or a price increase.

        Austerity measures will go down in this country like a lead balloon, or a Led Zeppelin if you prefer. There Will Be Blood, to quote a movie title.

      • SmokeDogg

        There’s going to be a Civil War Based on Race, Class, Party Affiliation, Generation differences, and a Currency Collapse- causing Hyperfinlation. It’s happens every time when there a currency collapse. There’s always a Civil War based on long time domestic internal problems like Race, Class, Politics, etc… If you havent been prepared, you will be dependent on a Poisoned Government issued MRE for dinner every night for 6 months or so.

        A North American Union/American Federation will come as the “Solution to the Problem” like the Russian Federation was the “Solution to the Problem”

        Then Earth Changes and World War will come- After 2019.

        The Story continues from there.

        • DownWithLibs

          Well, aren’t you a ray of sunshine!

  • Gary2

    Hi Michael-I think I should have posted this on this post of yours instead of the last. I really think right and left need to find common ground and fix what we all agree on that needs to be fixed.

    I think I have been sloppy in my tax the rich creed. I do not simply mean taking money from one person and giving it to another.

    Let me be more specific: We need to focus more on labor and less on capital.

    1. Stop almost all-legal immigration and deport all illegal and fix the border. This is a tax on the rich as all immigration depresses wages and this benefits the rich.

    2. Stop the wars of choice. This is a tax on the rich as the military industrial complex etc gains from war.

    3. Refocus the fed on their full employment mandate as opposed to only focusing on inflation. This would be a tax on the rich as most people are in the labor and not the capital (wall street etc)

    4. Pass the employee free choice act to give labor more power. Unions will force higher wages and employers will need to pay them as the illegal unskilled people will not be here to exploit (also see #1)
    This would be a tax on the rich. Higher wages would be spreading the wealth.

    5. Stop the insane free trade agreements. This would be a big tax on the rich and would spread the wealth to many poor.

    6. Demand corporations interests be subordinated to the countries interests. This would be a tax on the rich and would spread the wealth.

    7. Have a more robust social safety net similar to Europe-4-5 weeks mandatory vacation. Much longer maternity leaves etc. This would be a tax on the rich and would spread the wealth.

    8. Single payer health care. No explanation needed.

    9. Stop corporate welfare-no more rules like the gov not negotiating drug prices for Medicare etc.

    10. Remove cap on taxable SSI but exempt the first $10,000 from SSI tax. This would be a tax on the rich and would spread the wealth.

    11. Tax capital gains as ordinary income but exempt the first 50,000 from any tax. This would be a tax on the rich and spread the wealth.

    12. Break up the too big too fails. No explanation needed.

    13. Public funding of campaign’s for political office/ban or severely reduce lobby influence. They need to represent us and not the people who fund campaigns. This would be a huge tax on the rich and would hugely spread the wealth.

    14. Enact a national labor policy so states cannot compete in the race to the bottom. It is no help to the country to take jobs from one state and move to another to pay lower wages.

    15. Repeal all bush tax cuts and add additional tax brackets for the upper end i.e.: over 1,000,000 and over 10,000,000 etc. Top marginal rate should be 60-70 %. Close all offshore tax haven loopholes etc. This is a tax increase on the rich. Additional revenue can be used for the social safety net. This would be spreading the wealth.

    I have no doubt we can agree on some if not most of these tax the rich and spread the wealth ideas and can at least move ahead in addressing the inequality of wealth and income. Even advancing SOME of these would put us on the road to recovery. I would think that the rich would be better off having a smaller slice of a growing economy rather than a large slice of a stagnant economy.

    • Matt

      Gary,

      I agree completely with many of your points here. I do not understand our, the american publics, disdain with trying to maintain a healthy work/recreational balance. I also do not understand how the average working man can be against unions. Unions protect the average worker, fight for fair wages, and fight to ensure that management cannot just take benefits from you without making concessions of their own. Our middle class was the strongest and most vibrant in this country in the 50s and 60s, when the unions were a powerful force.

      Now, however, because of globalization and free trade agreements union membership roughly accounts for 7% of the workforce. Thus, this is the reason why many americans wages are depressed and why many americans do not even have a paid 2 week vacation. Without a unified voice of the workers management will always take advantage of them.

    • John S

      #16. Rescind the license of all 45,000 registered lobbyists in Washington. Make them all apply again. Appoint the most inefficient department in Washington to handle the applications.

  • Gary2

    Michael-only 48%??? think we are headed for/currently in a depression? I would have thought it at 60%. Maybe the other 12% were watching American idol or some mindless sporting crap on TV.

    • Mama G

      For once I agree with Gary. We are not at the bottom of a Depression. We are at the very beginning and it will systematically get worse. We can not fool ourselves any longer.

  • http://www.planorperish.com/ Gutter Economist

    The next Great Depression is here now.

    http://www.planorperish.com/?p=4918

  • Maria

    What is America going to look like?

    Hungry.

    I tried a little experiment this year. Planted one side of my garden boxes with non GMO seed grown locally and the other side with hybrid seed of the same vegetable. What an unbelievable difference! 100% germination for the hybrid. 50% at best for the non GMO. Ouch!

    I bought the non GMO seed a month or so before planting. It was expensive. All of my hybrid seed was leftover from the last two years of gardening.

    Called around to find out the price of some veggie starts to fill in the garden. Cheap was $1.50 for four plants. One place wanted $2.50 per banana pepper plant!

    I’m thinking our survival better not come down to my gardening skills.

    I wonder how many people are going to be able to get adequate nutrition.

    How many people will just be plain hungry?

  • Teknikid

    I read somewhere that it is unpopular, perhaps even dangerous, to be successful these days. For those of us that have managed to weather the storm so far, time to shut up about whatever you have managed to save, or what preparations you have been able to make, or what food you have in the house.

    Whatever it is, time to start looking out for yourself, and family. This isn’t about being selfish, this is about survival. I’m not advocating people be cold to others in time of need, but one person who thought ahead cannot save 100 people who sat around and did nothing to prepare.

    • josh

      “but one person who thought ahead cannot save 100 people who sat around and did nothing to prepare.”

      i think about this daily.

      i was a wedding this weekend and asked the people at my table if anyone followed the news and only one guy said yes. he said “i know wiener showed his wiener” unfortunately everyone at my table was a family member of my wife. i thought to my self how am i going to feed all these unprepared people. no answers yet.

      • expatriot

        You don’t have to feed them and if they come to your house looking for food show them what the end of a shotgun looks like. We have to look after our self first and foremost. If you have a significant other and kids them too. You can’t play superman for the world. I have a year supply of food and I don’t tell anyone I have it, I live with my mom and dad and us three are the only ones eating it and I got no shame in that. This shit is gonna be about survival of the fittest and people who spend their time watching the casey anthony trial or american idol don’t deserve to survive through these times. If the conditions we are under now with this economy dont cause you to do a google search about economic collapse theres nothing I or anyone else can do for you. Thats how my mind works. Its us versus them and theres way more of them than us.

    • Abia The Cat

      Getting rid of everything I don’t need so I don’t look prosperous at all. Keeping my old truck running good, but looking old and scrufty. If I haven’t used something in my possession in the past couple of years, it’s gone save for garden or fence repair or hand tools. Getting in shape and preparing for a life where crime could be like it was where highwaymen pulled over carriages and robbed and killed. When Katrina blew over Mississippi in 2005, an 18-wheeler tanker was hi-jacked right on the interstate for its load of gasoline. Katrina’s effect on New Orleans is a good example of what’s going to happen if this depression deepens to the point that food pantries are empty and the government state and federal stops sending out the free money. It will bring out the worst in a lot and the good in a few. Get ready if Greece collapses and Europe follows.

      • DownWithLibs

        Yes. Time to hunker down and blend in.

  • ken nohe

    Understanding the problem should not be a case for despair but a call to organize yourself.

    The economy is in the process of crashing. That much is obvious. We created and believed in an economic system which was based on perpetual growth to survive. This does not work and cannot. It will change.

    Can we rebuild something new? It will most certainly be extremely difficult. It is the base of our society which must be rebuilt. Although the board is probably gone now, the spirit remains so someone must go the the FED and tear down the “Greed is Good” slogan. And there are many, many other things that must be done.

    There is no fatality. We can change and will. But it will be a stressful experience.

    In China, there is a curse which says: “May you live interesting time!” Well, we are most certainly heading for interesting times. Buckle your seatbelt and enjoy!

  • http://food stingray

    realize now!!

  • Hello Kitty Karmic Justice Baby

    Roe v. Wade and Griswold v. Conn. and now Homo “Marriage”.

    America abandons the Ten Commandments and Fear of Yahweh and now as the Poet Pornographer Beast Snoop Doggy Dog says, “Let the Pandemonium begin y’all”.

    The U.S. is a War Based Military Economy and “They” will cook up another big war within a few years.

    • Abia The Cat

      You got it, man. The fear of the Lord is the beginning of wisdom. People don’t fear the Lord anymore and what we see is the man-made stupidity of self reliance. I fear for the babies being born now. What will their future be growing up in a Great Depression America? Mad Max and the Book of Eli movies come to reality?

      • DownWithLibs

        Even worse – they don’t want to her the word “Lord”. And look out if you mention Jesus name…get your butt handed to you. Yes, we are about done, no mistake about it.

  • The Jig’s Up

    50 Million Surgical Abortions–hundreds of millions of hormonal pill (“Morning After, Hormonal “contraceptives”, RU486, and the Two Weeks After” Pill).

    All forms of Porn, the most vile and debased are valued and revered.

    “Around us the wicked in high places strut and are valued and esteemed by men”

    Blow Back is arriving.

    Hell Air Conditioned!

  • prestodo

    The rug is about to be pulled out from Americans in the next 4 years. Inflation leading to Hyperinflation leading to Great Deflationary Depression.

    Yes, we are already in a depression, and people need to wake up to that reality right now or they will have a rude awakening in just a few short years.

  • El Pollo de Oro

    The Banana Republic of America (formerly the USA) is already in a depression and has been for almost three years. The BRA went into a recession in 2007; that recession became a full-blown depression with the crash of September 2008. So far, this depression hasn’t become as bad as The Great Depression of the 1930s, but all the bailouts, stimulus, etc. have not been able to nurse this incredibly sick patient back to health. This depression is going to get much worse, and Gerald Celente is absolutely right when he says we going into The Greatest Depression—meaning a depression that will be even more severe than The Great Depression of the 1930s.

    Michael T. Snyder asks, “So what is America going to look like when there is no doubt that the economy has collapsed and people have no hope at all?” I will use Celente’s often-quoted words to answer that question: “when people lose everything and have nothing left to lose, they lose it.” And that question can be answered with another chilling but totally accurate Celente quote: “when the money stops flowing down to Main Street, the blood begins to flow on the streets. And the money is not flowing down.” No, it certainly isn’t. The reality is that the BRA now has the economy of a Third World country; the uber-rich are getting a lot richer, while millions of formerly middle class Americans are now the neo-poor/neo-peasants. So get ready for the blood to flow like rivers through the streets in The Banana Republic of America. Get ready for civil unrest, and get ready for violent crime to skyrocket to the levels one sees in some Third World countries. Get ready for a steady diet of carjackings, home invasions, kidnappings and armed robberies in broad daylight. And get for the drug cartels to hire a lot of Americans who need jobs and need them badly. It’s very dangerous working for Los Zeta, La Familia Michoacana or the Sinaloa Cartel; employees run the risk of a bullet in the head. I don’t recommend that line of work, but then, I have the luxury of saying that because I’m still getting three meals a day. Someone who hasn’t eaten in three or four days just might take notice of the fact that drug cartels are always hiring while Corporate America is downsizing left and right and exporting American jobs to India.

    Kidnapping will be a major growth industry in the BRA. In Mexico, the Philippines, El Salvador, Venezuela and many other countries, professional kidnappers love to go after the relatives of rich people and demand ransom—and they love to do nasty things like cut off one of the kidnappee’s fingers and send it to the relatives just to show they mean business. Oh, and here’s another growth industry for the BRA: bodyguard. In some Third World countries, the wealthy spend a lot of money on bodyguards for their families because without a bodyguard, there is an ever-present danger of a kidnapping.

    In the words of Bette Davis: “fasten your seatbelts, it’s going to be a bumpy night.”

  • Survive

    Love your articles Michael but!
    Michaels headline reads:
    Americans Believe Another Great Depression Is Likely In The Next 12 Months – 19 Reasons Why They Are Not Completely Crazy

    Should have read:
    Americans Believe Another Great Depression Is Likely In The Next 12 Months – 19 Reasons Why They might be right

    • Michael

      Survive:

      Good point. :)

      Michael

  • El Pollo de Oro

    About #6: yes, Spain’s economic problems are a major concern. I’ve spent a lot of time in that country, which used to have a robust economy but now has the highest unemployment rate in Western Europe (higher than 20% for the population on the whole, higher for people in their 20s). It’s very sad. When I used to go over there on business, it was wonderful. Madrid and Barcelona are gorgeous cities, and even though they were bad for petty crime (pickpockets), Spanish cities didn’t have nearly the amount of violent crime one expects in Philly (where I live) or in certain Latin American cities. And I remember being in Málaga one hot Saturday in a major plaza where literally hundreds of Spanish teenagers would gather and hang out for hours. I was struck by how unthreatening those crowds of teens were—a real contrast to all the thuggish flash mobs here in Philly. It’s very sad what’s happening with España’s economy. Es muy triste lo que está pasando con la economia española.

  • http://www.reasonandjest.com/blog Scott Lazarowitz

    Theoretically, of course, America will look better in a few years after it is cleansed of centralism, of the tyrannical police state authoritarianism that is inherent in centralizing power and control in Washington.

    If we nullified the U.S. government’s power and freed each state to be the independent and sovereign state the Founders wanted them to be, there would be so much freedom, and so much prosperity.

    Imagine, no IRS, no central planning Federal Reserve banking cartel, no reporting to Mommy and Daddy federal government one’s finances that are none of anyone else’s business.

    Imagine, no police state TSA, DHS, FBI, CIA. No central planning imbeciles spying on their fellow Americans to persecute those who criticize the government and dissent. Instead, a decentralized security system that is actually accountable and works under the rule of law, and that doesn’t deliberately provoke the inhabitants of foreign lands to act against us.

    Or are the ideas of decentralizing, state secession and nullification themselves crazy ideas? Hmmm. I don’t think that’s crazy. I think that having blind faith in an inherently self-destructive system of central planning – now, THAT’s crazy!

  • digger

    To cruel accountant,
    Yes we are in a depresssion,but not near the bottom by a long shot!
    We have seen the best of times and the worst of times.
    Well at least what we thought they were the worst of times.
    Sorry but as thesaying goes “You aint seen nothin yet.”
    With welfare and foodstamps still being doled out the poorer people are still buying the latest gadgets and eating lobster ( as evidenced by a site where a fellow found a grocerystore receipt for alot of lobster paid for with foodstamps).
    When these people are hungry then the rioting begins.
    And do you really think the police will show up?
    Not a chance as they will be protecting their families.
    You will be on your own sister!

    Bottom,sorry but not a chance on that one!
    We will look back a few short yrs from now just wishing we could have it so good as today!!
    Good luck to all and remember this,my motto,”plan for the worst and hope for the best”

  • moses737

    I am in total agreement with the 48%. The New World Order Luciferic International Bankers/Illuminati/Freemasonry kingpins are intentionally bankrupting and crashing the economies of the world; so they can finally have their Luciferic One World Government; that will enslave the whole planet. And next; World War 3.

    And after that; they will force everybody that they can to take their zombie making and mind controlling; mark of the beast chip in peoples foreheads or hands. And according to Revelation 14:9-11, if you take it, you will be tormented, day and night, without rest, 24/7, forever and ever. Why? Because it will mean that you have chosen Satan and his antichrist beast leader and leaders; as your lord and god. And if you take this Mark (chip) it will cause you to also hate God and to hate Gods people; and worship Satan and his antichrist beast leader, instead.

    But the Almighty God the Father will send His Almighty Son Jesus Christ and His Army of angels down to defeat the antichrist forces in hours. And have them all judged and sentenced and in the great lake of fire and brimstone; where they will be tormented 10 times worse than your avereage beast chipped zombie lakey slave.

  • http://theeconomiccollapse JackieR

    Yes, what has become of our country?
    I am reading about austerity measures in other countries and it just sickens me. The politician, who have been overspending in every aspect everywhere, are now raising more taxes and fees to peanalize the taxpayers for their overspending binge. This is where the guilty should be held accountable for their behaviours. No, they are the ones that are being told to fix the problems they created. The family that gets themselves in this kind of problem, they end up loosing their home. They are being held accountable and have to suffer the consequences wheather they are responsible for their predicament or not. Why not the politicians?

  • foldenfan

    cruel accountant – what has been solved so that you think we can have hope that we are at a bottom? I don’t see that anything has been solved.

  • Dave in Scenic City

    The oligarchs are building bunkers, stocking supplies, hoarding precious metals, offshoring money, moving out of the cities — some even out of the country, while thinking that they can remain beyond the impending havoc. They are the ones that are in for a big surprise as there will be no refuge and no absolution. “The Road” (Cormac McCarthy) is nearly upon us.

    • Scaredy Cat

      I just finished reading The Road last week. I cried through a lot of it, because that scenario seems somewhat plausible right now. How did they find the “fire” to keep going? How will we?

      • Gary2

        I tried to read this but got bored after chapter 1…

  • randyvw

    who the hell are these 52% that think things are going to be ok? maybe they are the ones that don’t know how to read….

    • Steve

      These are the same 52% that already receive some sort of handout from the government. There’s probably a direct correlation to be found here.

  • Patriot Alice

    Borrow more to bail out counties and companies, just encourages more of whatever got into this mess, and makes it HARDER to get out of it..Example: If Greece gets bailed out, next you’ll have the other PIIS of Europe, and more countries with their hand out too, looking for a bail out…THAT IS JUST HOW THE WELFARE MENTALITY WORKS…..Letting Greece default will serve notice to the others, to get their house in order or else…..

  • Gregg

    Unfortunately, I think things will proceed downwards much slower than most people feel it should. It will be a slow painful descent into the inevitable abiss. Just prepare: Gold, God and Guns (and of course food and water).

  • Patriot Alice

    If the bail outs continue, then I think it is THEIR PLAN to continue the Globalization of the past 35 years, designed to enslave the people through bankrupting the present economic system….

  • William

    Maybe spending trillions of dollars on the military industrial con game so we can have unending and unnecessary wars of choice was not such a great idea, HUH?? Maybe the Smirking Chimp Bush tax cuts the nation could not afford were not such a great idea?? Of course, having a Congress composed of self-serving charlatans and fools is at the root of all this mess. Be SURE to put that same person back in office in your district or state at the next election. That is a surefire way to have the problems grow worse.

  • mark

    Yes, we are in the starting point of a depression. This is going to deepen slowly. All this debt is has to be paid back or the power brokers of the world will forgive the debt. (ha ha) The outcome of this could more wars as the pols try to blame their bad desisions on others. Remember in the 1930′s the government spent and spent and it did not work.It never works, just kicks the can down the road till the road ends against a brick wall and the can goes no farther. We do not stand a chance with all of the regulations this government is forcing on us. We can’t compete as long as these rules are on our backs.

  • Nickelthrower

    Greetings,

    And what, exactly, is going to make things better? Wealth can not be created by government nor by banksters creating money out of thin air. If that were true, our economy would already be back in boom times.

    Wealth can only be created by manufacturing things of value. We need to manufacture things in order to grow our way out of this mess. Now, given that we are not growing our manufacturing base and given that we really do not bother to educate our children much past the 3rd grade then how are we at a “bottom” as you suggest?

  • samseau

    “We are in a depression. 48% makes me think we are at the bottom and things can only get better.”

    You haven’t seen shit yet.

  • Poopy Pants

    Ha ha ha! GET BETTER?? We have not even collapsed yet. You’ve seen nothing yet.

  • Poopy Pants

    Let’s see. Our industry, once 50% of the worlds industry, is gone. Tens of trillions in dept. Trillions more piling on. Nobody wants our bonds anymore, like going further in dept will help. The 4.2% GDP growth they claim for the last 3 years was due to Quantitative Easing [printing money] otherwise it was NEGATIVE. If counting unemployment like in the 30s, we’re at 22%!! If counting inflation like before the 28 changes in how they count it in the last 30 years, we’re at 11%. Congress gets THEIR yearly raise, but not SS recipients. And you think we’re going to get BETTER???

  • McKinley Morganfield

    “Yes, I certainly believe that an economic collapse is coming. But that doesn’t mean that it will necessarily happen within the next year.”

    It is impossible to know the timing of such an event. I see an event horizon of 4 months to 3 or possibly as much as 5 years. I think it is important to consider that it will happen rapidly once it starts. IMO it will be a matter of a few days at most from the initial panic to the collapse of banks, markets, and currencies.

    • 007

      Agree, it took the Roman Empire 400 years to fall apart. It is amazing how far a rubber band can stretch before it breaks. However, the Europe debt crisis looks very ominous and we have already fired all our bullets.

    • josh

      remember QE2 ends in just what 12 days?!

      • DownWithLibs

        Come on Lucky QE3!!(while crossing my fingers)

  • Perry

    All of this is true and but we can reverse the mess we are in. We have to get our debt under control. That means voting into office people that understand the mess we are in and what got us here. Politicians buying favors with tax dollars and regulators trying to create a marxist state through crushing business killing regulation have caused this mess. Who cares about the spotted owl or building a turtle crossing when your babies are crying from hunger. The people in government are Progressive-Fascists that are trying to elevate misery in order to collapse our society into a new marxist “utopia” that they can control. They think we are all cattle and unless you act they will rule you with a brutal regime that does not value you as a person but only as what you can do to advance their agenda. We are standing on the edge of a new despotic darkness the likes of which mankind has never seen. the combination of marxist-fascist-socialist ideology and technology that will allow them to administer a soul crushing horrible regime to rule us and extract everything of value from our lives. Join the Tea Party and fight for liberty. “Live Free or Die”. And by die I mean if you have to take 10 fascist/marxist rats with you. The American people will never accept serfdom!

    • Gary2

      Terry-I understand your point, however, based on what I have seen the tea party is nothing but cannon fodder for the rich. How many Tea Party candidates are actually doing what they said they would do? Mr. Boehner sold you guys out in a new york minute as soon as the chamber of commerce and the interests f the wealthy were threatened. The tea party is nothing but a cash cow for the likes of Palin/bachman etc.

      Even though I disagree with most of the tea party ideas there are many t5hings we agree on. See my post about these 15 or so ideas. We need to find some common ground and by fixing the things we agree on we can argue over the rest later.

  • Goldbull

    Americans in general are crazy. They do not know shit about the economy or finances and neither does the media so who cares what they think. We are certainly not going into a Great Depression in the next 12 months. May be a recession but no Great Depression.

  • RICKY

    this whole system is built on fraud it needs to crash, yes it will be painful, but the whole world needs a cleansing so we can *******************.

  • Gary2

    SO I am visiting my next door neighbor. He is 59 and I am 44. He was able to get a good union job( driving truck) with only his high school education. Because of union protections he has a good pension. All we want are good family supporting jobs like my neighbor had. He was able to have his wife stay home with the kids because he made a livable wage. He said with out the teamsters union his good job would have been a “shit job” (his words).

    He said on many occasions the company wanted to cut wages and benefits but the union prevented it. The company is to this day making a good profit but now they have the two-tier bullshit wage tier. He says he really feels for folks who have these low pay shit jobs (like me) and does not know how they are going to make it.

    • 007

      Hmmm, maybe if the unions had not destroyed so many businesses and bled them dry you could find a decent job. How do you know they are making a “good profit”? Why are they having to resort two a “two tier” pay scale if they are so profitable? I guess the unions just decided to sell out the new hire teamsters because they love management and are nice guys.

      Give them a little more time Gary, they will eventually suck the life out of that company too and everyone will be equally unemployed.

  • http://erectuswalksamongst.us/ Maximus Hardwoodius

    I rode my Harley into downtown Denver last week
    to attend a ‘block party’. Coming home, I went
    down 14th avenue, a one-way street that goes
    through the ‘classier’ part of town. To my
    complete surprise, there were beggars on every
    corner. Some held signs, other couples were
    just sitting and glaring. The trash dumpsters
    in some of the businesses were over-flowing. I
    was shocked…..I had no idea it was this bad.
    I kid you not, we are in some deep doo-doo.

  • http://www.truthmovementamerica.com/ European American

    Personally, from my somewhat skewed perception, I presently don’t see any signs of a Great Depression where I live. I seriously doubt the CNN poll that claims 48 percent, or roughly one half of those polled, believe there is a G.D. headed this way in the next 12 months. Why? Because they are too busy eating GMO junk food, becoming more obese, texting themselves in the closet, watching the tube lubed and just too busy being busy doing absolutely nothing with their lives.

    Now maybe in your neighborhood conditions are bad. But most Americans are so out of touch with what it takes to live a “normal” life-style, i.e. being in greater harmony with the pulse of natural law that maybe a good shake up will bring about the long overdue wake up call for humans to see the need to come together, as a collective, for the greater good. It’s all good, anyway.

    The World IS as you Are.

    • mondobeyondo

      A “normal American lifestyle” is a family having at least one SUV, at least 3 cellphones (one must be a smartphone), two computers, an XBox, a Playstation 3, anything with an “i” as the prefix (iPad, iPod, iPhone, iBoyfriend, iGirlfriend, etc.)… Oh yes, and if there are teenagers in the household, they MUST be intravenously plugged into their cellphone 24/7. Life isn’t worth living unless if you can text, text, text!!

      Anything other than this, and you’re a poverty stricken bum, and would be better off living in Ethiopia.

      • DownWithLibs

        LOL! You always get me laughing.

  • 007

    Greece and the PIGS are going to cause the economy to collapse unless they print more money or extort loans to bail them out. Amazing , the banks with their derivative blackmale are holding the worlds economies hostage. They just made Germany shut up and pony up cash for Greece. Of course, we are paying them off too with our money through the IMF. Why would anyone in their right mind lend money to Greece.

    Answer, they are terrified not feeding the black hole will trigger another “Lehman Brothers” catastrophic collapse.

    We are in big, big trouble and the world governments are having more and more trouble kicking this can down the road. It may be just a matter of months now.

  • 007

    Everyone on the Titanic eventually figured out the ship was sinking. Even though the Captain and crew tried to reassure everyone things were fine. The obvious lack of jobs, zero construction, closed stores, closed plants and bail outs are just the equivalent of the ice water starting to rise to the level of the public’s ankles.

  • OLDVET

    IMPROVISE-ADAPT-OVERCOME****SEMPER FI

  • Cal

    Of course it’s not a depression, it’s just a long slog in between consumeristic realizations which throw the markets. And/or competition of the global middle and upper classes, this is a sophisticated country, and world. It’s going to take a larger culture click to move corporations off mainstream, it’s tough, it is happening, just not as fast as many would like, and even need. Balance is important, yet easy to lose.

  • mondobeyondo

    While browsing through the feedback section of a popular U.S. news website, I was worried about how God was ridiculed as “the sky man”, the Bible as “a book of fables” and so forth. We haven’t turned our backs on God, we have kicked Him right out of our lives.

    I suppose we deserve what’s coming to us.

  • mondobeyondo

    We are in the beginning stages of a depression.

    Now, I’m not a trends forecaster like Gerald Celente – in fact, my crystal ball broke long ago and no longer works. But it doesn’t take a weatherman to know which way the wind blows.

    I don’t know when the crash will happen. It might be this September. Maybe early 2012, or mid-2012, maybe later. There are too many forces and X factors that can intervene in the meantime. But one thing is for certain. Things WILL get worse. Grandpa and Grandma’s stories about surviving 1932 are going to sound like a birthday party when all is said and done.

  • Doc C

    There is very little question that the assets in this country are top heavy. However, people making 250K a year are not rich. They represent the upper middle class, and the really rich are paying the same percentage of taxes as the upper middle class. That is not likely to change as long as political offices are bought and paid for by the truly wealthy.

    Also the government is sucking the life-blood out of the country by redistributing wealth from the middle and lower classes into the government coffers. It may be true that almost 50% of Americans do not directly pay Federal income taxes, but they pay indirectly because of inflation. The Fed continues to print money, plus the Federal government puts so many taxes and regulations on our goods that they killing our economy with reckless spending that is directed at nothing more than for the politicians to keep getting re-elected. And we voters are dumb enough to re-elect them because all we think about is the goodies we expect them to bring back to us from Washington.

  • SmokeDogg

    Please ECB, Vancouver is Horrifying? Man, You havent seen nothing yet, and this isnt going to be horrible compared to Revelations in the Bible.

    This will be just a warm up to the real storm of the future in 10 years or so.

    • Michael

      Yes, you are right – things are going to get a whole lot worse.

      Michael

  • HeyNowHereNow

    I don’t understand many of the comments on here saying bad things will happen in a few years. A few years? The kicked can is at the end of the road.

    One commenter said that “They” will start a big war in the next few years. Huh?! Try the next few months, if not weeks. The US is going around the world slapping countless countries in the face, trying its damndest to start new wars, and some of these little guys they’re slapping have some big pretty big friends. We already had Iraq and Afghanistan, but have recently added Pakistan, Yemen and Libya, and on deck are Syria and Iran.

    And all these new ones at once. I have to ask, does anybody believe that these wars are suddenly being started for “humanitarian reasons”? Give me a break.

    The truth of the matter is that the US is bankrupt and the economy is going to collapse bigtime in weeks or months, so they desperately need to start a war somewhere, anywhere! – any one will do, in order to distract the drooling sheep from the cresting economic tsunami, and to blame these wars for the coming ecomomic wipeout and institution of fascist martial law. And soon, people will be mindlessly chanting the Orwellian mantra “we have always been at war with Eastasia”.

    So, wake up and smell the napalm. You don’t have “a few years”.

    • mondobeyondo

      Ummm…. if you believe the U.S. mainstream media, then yes. These little wars are all being fought for the common good. We’re in Afghanistan to “get the terrorists”, in Iraq to “bring democracy and freedom”, and in Libya to “drive out the evil Khadafy” and to “support the rebel freedom fighters”. Yeah, uh-huh.

      The U.S. is so eager to help oppressed people and nations, as long as they aren’t Rwandans, or Sudanese, or Ethiopians, or Bosnians….

  • jameswho

    What ya’ll aren’t mentioning is that much of the “poverty” in the United States today is “voluntary poverty”. The “poor” are having children in order to access the benefits of food stamps and disability checks. The autistic kids are a flying carpet of benefits (since the classification is that all autistic kids are “different” in their own way means that Every Kid can be classified as autistic, the parents get a disability check for the kid, and a check for themselves to care for the kid as the kids “nurse). When you see articles on families with several autistic kids, you know or should know, what is going on: scam!
    The voluntary poor have ever another kid because they then blackmail all those nice college educated people into scrambling after them to teach them parenting skills and to put the kids in a program where they are fed breakfast and lunch at school, and food stamp dinners. Where the medical for the kids comes through “non-profits” that are funded with government money and where the parents claim “treatements” aka vacations, for drug abuse, alcoholism or whatever ails them. Poor used to mean people working hard because they were uneducated and needed to improve themselves, we had a proud ethic of getting out the iron and the shoe shine kit and aiming for achievement; now we are corrupt completely and the voluntary poor spend their days exchanging tips about how to scam the system. The third worlders forced upon us in the “compassion” scam to genocide the white, English speaking, Successful culture is just about complete.

  • http://thenagual46.blogspot.com apsmack

    Gary2: I like all your ideas except the border beef-up. The alien underground economy is here to stay. Much employment demands johnny-on-the-spot and the illegals are able to supply this need, their tight networking can bring 10 or more workers to a jobsite on demand and that’s something that legals simply cannot match.

    Plus, border security brings us a higher level police state mentality. Better to legalize, and tax, marijuana, cocaine, etc., and end the brutal no-win war on drugs. 40 years is long enough.

    But beyond even these measures is the simple fact that the public has been trained to believe in violence and extreme tactics as the only means possible to create progress. We are going to experience city riots, as New York was experiencing the “wilding” of gang attacks on women in broad daylight in Central Park, in the year before 2001.

    The horrendous blood sacrifice of 9/11/01 resulted in a temporary (although mistaken, of course) identification of an external enemy, which gave direction, for a time. More importantly, it yielded a palpable feeling of kindliness and tenderness on the streets of New York and temporarily restrained gang violence.

    Unfortunately, the public has little experience of conflict resolution beyond the level of an Oprah or Dr. Phil show, and has no experience at all of a body of legislators meeting in a productive way, meeting as a “group of all leaders” as Scott Peck once termed it in his visionary writings.

    “Without a vision the people perish.” I believe that is from Proverbs.

    • Gary2

      Thanks-so we forget about the one we disagree with and do the others. This would solve a lot of our problems.

      I loved the Oprah/Dr Phil analogy. If you do not mind I am going to steal that one from you to use elsewhere!

  • QuietRevolution

    Quaetion for Michael the author:
    Are you familiar with “The Quiet Revolution”?
    source wiki:
    (French: Révolution tranquille) was the 1960s period of intense change in Quebec, Canada, characterized by the rapid and effective secularization of society, the creation of a welfare state (État-providence) and a re-alignment of politics into federalist and separatist factions.

    I believe that is what is happening to America today. To just think that we will be more like Canadians in the coming years is Very scary.
    Most of Canadians meagerly salaries goes to taxes to pay for their welfare country.

    • Michael

      I was not familiar with that – thank you for sharing that information with us.

      Michael

  • Colin

    I don’t know what this country will be like in the next Great Depression. I do believe however that in this century more humans will die than have died in the 20th century. Along with economic collapse, I see an environmental collapse. I think our government may not survive both of these collapses. Our government is not very adaptable, is not very proactive, and reacts far too slowly to crises.

  • expatriot

    I sure as hell won’t lose any sleep over number nine. With all the terror the bankers have unleashed on our economy I don’t see how some of them being laid off will have a negative impact on the economy. Even if it does, so what at this point.

  • A.S.

    Did I hear that Obama wants to give as much as 750 billion to bail out Greece? Is he extremely stupid or a super genius. I think it is the later, because it will allow him to have unlimited terms. How, you may ask? Because it will only increase the chances and make the time closer of the economic collapse, which will lead to major violence in the streets, which will lead to FEMA taking over (Marshall Law), which will lead Congress allowing Obama to be king of the U.S. in order to oversee FEMA.

    So, who wants the biggest Communist ever to come into government to decide if the common citizen lives or dies? Not me…I will shoot any person that comes to my door to take me away!

    • Otown Right Guy

      Obama is extremely stupid. If he was a genius he certainly wouldn’t be hiding the grades he received at Harvard. He may not have even attended Harvard.

      • mondobeyondo

        Sure he did! Harvard Elementary School, Jakarta, Indonesia!

        (And that, folks, is why I’m not a stand-up comedian.)

      • eric

        I don’t think the grades are the issue — I think he attended Harvard as an international student. That’s why he does not want his records released.

  • Abia The Cat

    I am always praying to God to prepare me in advance for what’s coming down the road so it doesn’t take me by surprise and overwhelm me. It’s good to be prepared.

    Have developed and practiced skills for living off the land and finding water. Practicing backyard survival skills like fire building or shelter making that can also be used on the road or out in the woods. Watching shows like Dual Survival and the old Les Stroud Survivor Man( before he went New Age and began bowing down to false idols) and Bear Grylls survival shows. Reading articles about coming water shortages and how to prepare for them by collecting rain water in tarps or distilling sea water in case I wound up living near a sea coast.

    Personal security is my next big project for survival. From guns to archery to trapping and snaring enemies that could hurt me, my family or friends, and pets is next on my list.

    If we remember God first and put him ever before us first in whatever we do, He’ll protect us and help us prosper. America, as a whole, doesn’t do that anymore and the entire nation is suffering for it. Until we humble ourselves before Him once more and beg forgiveness, we’re doomed as a world power. The Babylonians seized Israel when she sinned, so I suppose China will seize us when God has had enough and decides to punish us for our ungratefulness.

    • ForrestNinja

      Amen and pass the ammunition brother!!!!!!!!!

    • paula

      Amen to that! Good advice!

      We have to remember that the reason everything is in such a mess now is because so many put money, power, greed and material things first with no thought of God, let alone “thanking” Him… as our fore-fathers did…hence,we have lost God’s grace and protection!.

      Best now to prepare for the worst,grow a vegetable garden, have chook’s, rabbits to eat, and think about forming a close-knit community together with others to help each other (maybe big community garden as well)

      Trade and share ‘skills’ etc. Damper bread can be made in camp-ovens…and “share with your brothers”…(believe this..miracles still happen with ‘multiplication’ of food when God is included, we pray, have faith and we love each other!!!)

      Look back in history at how our fore-fathers and early pioneers did it, and follow their lead. Maybe form your own community ‘security’ as they did….

      “Most of all” – MAKE PEACE WITH GOD, repent and ‘rely’ on Him,(not the Government!) God is all-powerful and loving and He can do anything, but He is waiting for us to change our ways and turn back to Him..

      Everything you do, back it up with prayer and thanks-giving!

      God bless America, and the world!

  • Brian

    “Men’s hearts failing them for fear, and for looking after those things which are coming on the earth…”

  • Steve

    Obama, the GOP and the Wall Street banksters are setting up another economic train wreck and looting of the public treasury, i.e. you and me…Please check out the ideas of the Great Conservative economist Martin Hutchinson for the SEC regulations necessary for a transparent stable financial market that will not crater again due to Wall Street banksters. (Bring back Glass Steagall, outlaw derivatives no one understands while setting up an exchange for the others, outlaw “naked shorting” of equities, require buyers of credit default swaps have a direct insurance need as the counterparty, treat CDS’s like insurance and require reserves to be set aside like every other insurance firm, require banks to continue to have a financial interest in any MBS or CDO products they sell).

  • 007

    Good news, Obama says this is “just a bump in the road”…so I guess we should all relax.

  • Txjack

    I think Obama is sending up trial baloons indicating he might be a 1 term president. Who after announcing his re-election run starts talking about how it’s okay to be a 1 termer, and it’s okay with his wife? Even he seems to see what is ahead.

    • mondobeyondo

      I doubt it. Obama is more likely a megalomaniac who will do anything to stay in power. His claims about it being okay to be a one-termer, is just a ruse. He’s already released his 2012 campaign announcement video. It’s on Youtube, although I don’t have the link for it right now.

  • http://www.familysurvivalcenter.com Jill

    Like no other time in history, the whole world is now embroiled in chaos and catastrophe most similar to a world war. We have been basically stripped of our rights, options and opportunities like refugees of an occupied defeated country.

    People need to gather their family and friends together and begin caching food, water and other supplies in order to outlast the economic and environmental collapse that will play out slowly over the next couple years.

    http://www.familysurvivalcenter.com/supplies.htm

  • Brandon

    Quit my job, moved out to the country on 90 acres, garden growing strong, raising chickens, lake on property stocked with fish, enough arms/ammo for a small militia, enough solar power to keep my freezer/fridge running, been working with neighbors on bartering system…I hope you good people out there are preparing for your family as well. May God be with you all.

    • Joy

      I want to come live with you! No, really, you are very smart to have done this BEFORE it’s too late. Be well!

    • ForrestNinja

      Again Amen and pass the ammunition. Get your weapons now to protect what you have or he who has weapons will take yours!

    • paula

      this is the key…rely on yourselves NOT the Government…who cannot be trusted!!

  • Colin

    I spoke earlier of environmental collapse. It’s happening as we speak today. Our oceans are dying faster than anyone expected. When the oceans die, many in the coastal regions will starve, and the survivors will begin to compete with those less dependent on the oceans for food.

    From the Huffingtonpost.com –
    http://www.huffingtonpost.com/2011/06/20/ipso-2011-ocean-report-mass-extinction_n_880656.html

    One other item I would like to mention. I recently learn that the Obama Administration declared a news blackout over a Level 4 catastrophe occurring at the Fort Calhoun Nuclear Plant in Nebraska. This administration is out-of-touch and irresponsible.

    News article –
    http://nation.com.pk/pakistan-news-newspaper-daily-english-online/International/18-Jun-2011/US-orders-news-blackout-over-crippled-Nebraska-Nuclear-Plant-report

    I wish I was older, much older than I am now so that I could die quicker. I am at the age where I can see the beginning of the end of our civilization. I am thankful that I am not a child for I just don’t see how their lives can get better.

    Humans have repeated this mistake – of destroying the environment time and time again – and each time the prevailing civilization is destroyed.

    Article –
    http://www.mindfully.org/Heritage/2003/Civilization-Collapse-EndJun03.htm

    • Nebraska Resident

      Ft. Calhoun Nuclear Plant supplies much of the power Omaha uses. If it had suffered a meltdown Omaha would be shut down. However the College World Series goes on and they have lights for the night games. They have power to broadcast the games all over the world. The only part of the city without power is the area that has been flooded. The airport is still open and the lights are on.

      The “emergency” that was reported happened in the cooling system for spent fuel. It was out of commission for about an hour. There was no meltdown.

      Never trust the Russians…they have never stopped working to destroy the US and this sort of disinformation is how they have always operated.

  • Mindy

    We never got out of the recession and are now deep into a depression and folks things are about to get a whole lot worse! Are you people aware that Obama has signed another executive order that establishes a White House Rural Council. This Rural Council has been given the task of developing “public-private partnerships” that will seek to bring the “economic prosperity” of our big cities to rural America. In other words, the U.S. government and the big corporations are going to team up to dominate the economies of our small towns and rural communities just like they dominate the economies of all of our big cities. Yeah, look how that has worked out for them. This is the UN’s agenda 21 beginning to be implemented…if we do not get our country back you will see in the next decade genocide on an unimaginable scale! Think I am nuts? Read agenda 21. It is not hidden any longer, it is posted on the UN website, go read it for yourselves.

  • http://everything-survival.blogspot.com/ Jäger

    Plan & Prepare, free info and advice, not selling anything, like to help people out, I know that’s hard to beleive with the world the way it is.
    http://everything-survival.blogspot.com/

  • Darien

    Every time you buy a foreign made product, remember the following:

    1) We have a $15 Trillion national debt, much of it owed to foreigners.
    2) Our trade deficit is about $800 Billion annually.
    3) Foreign workers pay ZERO in US income tax, sales tax, etc.
    4) Foreign workers buy almost ZERO US goods.
    5) Every US company manufacturing in places like China just gave away for free US technology to people who will use it against us.
    6) China is using their US supplied profits to build a military whose goal is to defeat the USA on the battlefield.
    7) Angry about redistribution of wealth? Every time you buy a foreign made product, you redistribute US wealth to foreigners.
    8) Etc., etc., etc.

    We should also start demanding that US corporations make their products domestically. It is treason to sell the US out for personal gain. What would Stalin have done to these businessmen miscreants?

  • VietVet

    Very sure there is or will be another great depression. Definitely sure the government is behind making sure it is or will happen and on purpose. Not sure there will be that much violence, people today are brainwashed, complacent, and without backbone, honor or skills. We would be seeing much more violence RIGHT NOW if it were going to happen. Those that voted in the current administration are merely getting what they asked for and actually deserve it. Just try to take what I have… I have real survival training, not the BS from youtube videos.

  • kelly

    From JFK…
    “There exists in this country a plot to enslave every man woman and child. Before I leave this high and noble office, I intend to expose this plot.” – President John F. Kennedy – 7 days before he was assassinated.

    Our Government is not controlled by the people.Like our media it is owned by an entity outside our control,for now. We must become aware and united before control can be regained.Tipping point is 18%…God Help Us

  • Joshua Gavina

    48% of Americans believe in another Great Depression?! You’ve got to be kidding me. If Americans were so conscientious and concerned about the economy, why aren’t they stepping up against their rulers who are destroying this nation? Congress, Ben Bernanke, and many other clowns are abusing their power to support the wealthy elites. People are overly concerned about celebrities, the latest movies, new fashion styles, the Super Bowl, and many other things that blind the general public until it is too late!

  • Gray2Hairs

    Colin, I understand your “environmental” concerns. However, you might dig deeper into your sources. Much of our “economic” disaster is based on environmentalism. Read the “studies” carefully and then find out who paid for the study. I am a conservationist not and environmentalist. I have a carbon footprint that resembles a 3rd world farmer. Not because of environmentalism but because I want to be completely self supporting when we reach TEOTWAWKI.

  • http://healingabreakup.blogspot.com/ Freeman Schuffert

    An impressive share, I just given this onto a colleague who was doing a little analysis on this. And he in fact bought me breakfast because I found it for him.. smile. So let me reword that: Thnx for the treat! But yeah Thnkx for spending the time to discuss this, I feel strongly about it and love reading more on this topic. If possible, as you become expertise, would you mind updating your blog with more details? It is highly helpful for me. Big thumb up for this blog post!

  • GBUG

    This collapse was told to me 10 years ago and to prepare then, i slowly started and everyone laughed. I bought silver at $4 and ounce and Gold at $300 and ounce, now the same people, have stopped laughing and are asking what to do , i tell buy they still question that things will get this bad. Looks like i have to buy more food for them too. Here is a good website to read on what’s happening next. http://www.collapsenet.com/ and http://www.financialsense.com/ and http://news.goldseek.com/InternationalForecaster/

  • http://rogerpriest.com Roger Priest

    It will be interesting to see if Congress rolls back some of the restrictions they implemented in the bankruptcy laws in 2005, now that we appear to be in a tailspin.

    • brian

      That kind of thing only happens when you have a congress that represents the people and not the corporations.

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