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50 Things Every American Should Know About The Collapse Of The Economy

Right now, we are witnessing a truly historic collapse of the economy, and yet most Americans do not understand what is going on.  One of the biggest reasons why the American people do not understand what is happening to the economy is because our politicians and the mainstream media are not telling the truth.  Barack Obama and Federal Reserve Chairman Ben Bernanke keep repeating the phrase “economic recovery” over and over, and this is really confusing for most Americans because things sure don’t seem to be getting much better where they live.  There are millions upon millions of Americans that are sitting at home on their couches right now wondering why they lost their jobs and why nobody will hire them.  Millions of others are wondering why the only jobs they can get are jobs that a high school student could do.  Families all across America are wondering why it seems like their wages never go up but the price of food and the price of gas continue to skyrocket.  We are facing some very serious long-term economic problems in this country, and we need to educate the American people about why the collapse of the economy is happening.  If the American people don’t understand why they are losing their jobs, why they are losing their homes and why they are drowning in debt then they are going to keep on doing all of the same things that they have been doing.  They will also keep sending the same idiot politicians back to Washington to represent us.  There are some fundamental things about the economy that every American should know.  The American people need to be shocked out of their entertainment-induced stupor long enough to understand what is really going on and what needs to be done to solve our nightmarish economic problems.  If we do not wake up enough Americans in time, the economic collapse that is coming could tear this nation to shreds.

The U.S. economy was once the greatest economic machine in modern world history.  It was truly a wonder to behold.  It worked so well that entire generations of Americans came to believe that America would enjoy boundless prosperity indefinitely.

But sadly, prosperity is not guaranteed for any nation.  Over the past several decades, some very alarming long-term economic trends have developed that are absolutely destroying the economy.  If dramatic changes are not made soon, a complete and total economic collapse will be unavoidable.

Unfortunately, the American people will never agree to fundamental changes to our economic and financial systems unless they are fully educated about what is causing our problems.  We have turned our backs on the principles of our forefathers and the principles of those that founded this nation.  We have rejected the ancient wisdom that was handed down to us.

It has been said that those that sow the wind, shall reap the whirlwind.

We are about to experience the consequences of decades of really bad decisions.

Hopefully we can get the American people to wake up.

The following are 50 things that every American should know about the collapse of the economy….

#1 Do you remember how much was made of the “Misery Index” during the presidency of Jimmy Carter?  At that time, the “Misery Index” was constantly making headlines in newspapers all across the country.  Well, according to John Williams of Shadow Government Statistics, if we calculated unemployment and inflation the same way that we did back during the Carter administration, then the Misery Index today would actually be higher than at any point during the presidency of Jimmy Carter.

#2 According to the U.S. Bureau of Labor Statistics, an average of about 5 million Americans were being hired every single month during 2006.  Today, an average of about 3.5 million Americans are being hired every single month.

#3 According to the Wall Street Journal, there are 5.5 million Americans that are currently unemployed and yet are not receiving unemployment benefits.

#4 All over America, state and local governments are selling off buildings just to pay the bills.  Investors can now buy up government-owned power plants, prisons and municipal buildings from coast to coast.  For example, the mayor of Newark, New Jersey recently sold off 16 government buildings (including the police and fire headquarters) just to pay some bills.

#5 When Americans think of “government debt”, most of them only think of the federal government, but it is not just the federal government that has a massive debt problem.  State and local government debt has reached an all-time high of 22 percent of U.S. GDP.

#6 If you can believe it, one out of every seven Americans has at least 10 credit cards.

#7 Credit card usage in the United States is on the increase once again.  During the month of March, revolving consumer credit jumped 2.9%.  Sadly, it looks like Americans have not learned their lessons about the dangers of credit card debt.

#8 Last year, Social Security ran a deficit for the first time since 1983, and the “Social Security deficits” in future years are projected to be absolutely horrific.

#9 The U.S. government now says that the Medicare trust fund will run out five years faster than they were projecting just last year.

#10 Right now we are watching what could potentially be the worst Mississippi River flood ever recorded play out right in front of our eyes.  One agricultural economist at Mississippi State University believes that this disaster could do 2 billion dollars of damage just to farms alone.

#11 The “tornadoes of 2011” that we just saw in the southeast United States are being called the worst natural disaster that the U.S. has seen since Hurricane Katrina.  It has been estimated that up to 25 percent of all of the poultry houses in Alabama were either significantly damaged or destroyed.  It is also believed that millions of birds were killed.

#12 The economic effects of the BP oil spill just seem to go on and on and on.  The number of very sick fish in the Gulf of Mexico is really starting to alarm scientists.  The following is how one local newspaper recently described the situation….

Scientists are alarmed by the discovery of unusual numbers of fish in the Gulf of Mexico and inland waterways with skin lesions, fin rot, spots, liver blood clots and other health problems.

#13 The number of “low income jobs” in the U.S. has risen steadily over the past 30 years and they now account for 41 percent of all jobs in the United States.

#14 All over America, hospitals that care for the poor and needy are so overwhelmed and are so broke that they are being forced to shut down.  Recently, a local newspaper in Florida ran an article about two prominent charity hospitals in Illinois that have served the poor for more than 100 years but are now asking for permission to shut down….

Two charity hospitals in Illinois are facing a life-or-death decision. There’s not much left of either of them – one in Chicago’s south suburbs, the other in impoverished East St. Louis – aside from emergency rooms crowded with patients seeking free care. Now they would like the state’s permission to shut down.

#15 The U.S. dollar is in such bad shape that now even Steve Forbes is predicting that the U.S. is “likely” to go back to a gold standard within the next five years.

#16 Most Americans don’t realize how much the U.S. dollar has been devalued over the years.  An item that cost $20.00 in 1970 would cost you $115.93 today.  An item that cost $20.00 in 1913 would cost you $454.36 today.

#17 Over the past 12 months the average price of gasoline in the United States has gone up by about 30%.

#18 U.S. oil companies will bring in about $200 billion in pre-tax profits this year.  They will also receive about $4.4 billion in specialized tax breaks from the U.S. government.

#19 It is being projected that for the first time ever, the OPEC nations are going to bring in over a trillion dollars from exporting oil this year.  Their biggest customer is the United States.

#20 According to the Pentagon, there are minerals worth over a trillion dollars under the ground in Afghanistan.  Now, J.P. Morgan is starting to tap those riches with the help of the U.S. military.

#21 Speaking of J.P. Morgan, most Americans don’t realize that they are actually the largest processor of food stamp benefits in the United States.  In fact, the more Americans that go on food stamps the more money that J.P. Morgan makes.

#22 When 2007 began, there were about 26 million Americans on food stamps.  Today, there are over 44 million on food stamps, and one out of every four American children is on food stamps.

#23 Back in 1965, only one out of every 50 Americans was on Medicaid.  Today, one out of every 6 Americans is on Medicaid.

#24 Only 66.8% of American men had a job last year.  That was the lowest level that has ever been recorded in all of U.S. history.

#25 The financial system is more vulnerable today than it was back in 2008 before the financial panic. Today, the world financial system has been turned into a giant financial casino where bets are made on just about anything you can possibly imagine, and the major Wall Street banks make a ton of money from this betting system.  The system is largely unregulated (the new “Wall Street reform” law has only changed this slightly) and it is totally dominated by the big international banks. The danger from derivatives is so great that Warren Buffet once called them “financial weapons of mass destruction”. It is estimated that the “derivatives bubble” is somewhere in the neighborhood of a quadrillion dollars, and once it pops there isn’t going to be enough money in the entire world to bail everyone out.

#26 Between December 2000 and December 2010, the United States ran a total trade deficit of 6.1 trillion dollars with the rest of the world, and the U.S. has had a negative trade balance every single year since 1976.

#27 The United States has lost an average of 50,000 manufacturing jobs per month since China joined the World Trade Organization in 2001, and the U.S. trade deficit with China is now 27 times larger than it was back in 1990.

#28 In 2010, the number one U.S. export to China was “scrap and trash”.

#29 All over the United States, many of our once great manufacturing cities are being transformed into hellholes.  In the city of Detroit today, there are over 33,000 abandoned houses, 70 schools are being permanently closed down, the mayor wants to bulldoze one-fourth of the city and you can literally buy a house for one dollar in the worst areas.

#30 During the first three months of this year, less new homes were sold in the U.S. than in any three month period ever recorded.

#31 New home sales in the United States are now down 80% from the peak in July 2005.

#32 America’s real estate crisis just seems to get worse and worse.  U.S. home prices have now fallen a whopping 33% from where they were at during the peak of the housing bubble.

#33 According to a new report from the AFL-CIO, the average CEO made 343 times more money than the average American did last year.

#34 The European debt crisis could cause a global financial collapse like the one that we saw in 2008 at any time.  The world economy is incredibly interconnected today, and the United States would not be immune.  A recent IMF report stated the following about the growing sovereign debt crisis in Europe….

Strong policy responses have successfully contained the sovereign debt and financial-sector troubles in the euro area periphery so far. But contagion to the core euro area and then onward to emerging Europe remains a tangible risk.

#35 According to one study, the 50 U.S. state governments are collectively 3.2 trillion dollars short of what they need to meet their pension obligations.

#36 A different study has shown that individual Americans are $6.6 trillion short of what they need to retire comfortably.

#37 The cost of college tuition in the United States has gone up by over 900 percent since 1978.

#38 According to the Bureau of Economic Analysis, health care costs accounted for just 9.5% of all personal consumption back in 1980.  Today they account for approximately 16.3%.

#39 One study found that approximately 41 percent of working age Americans either have medical bill problems or are currently paying off medical debt.

#40 The combined debt of the major GSEs (Fannie Mae, Freddie Mac and Sallie Mae) has increased from 3.2 trillion in 2008 to 6.4 trillion in 2011.  Thanks to our politicians, U.S. taxpayers are standing behind that debt.

#41 The U.S. government is over 14 trillion dollars in debt and the budget deficit for this year is projected to be about 1.5 trillion dollars.  However, if the U.S. government was forced to use GAAP accounting principles (like all publicly-traded corporations must), the U.S. government budget deficit would be somewhere in the neighborhood of $4 trillion to $5 trillion each and every year.

#42 Most Americans don’t understand that the Federal Reserve and the debt-based monetary system that it runs are at the very heart of our economic problems.  All of this debt is absolutely crushing us.  The U.S. government spent over 413 billion dollars on interest on the national debt during fiscal 2010, and it is being projected that the U.S. government will be shelling out 900 billion dollars just in interest on the national debt by the year 2019.

#43 Standard & Poor’s has altered its outlook on U.S. government debt from “stable” to “negative” and is warning that the U.S. could soon lose its AAA rating.

#44 In 1980, government transfer payments accounted for just 11.7% of all income.  Today, government transfer payments account for 18.4% of all income.

#45 U.S. households are now receiving more income from the U.S. government than they are paying to the government in taxes.

#46 59 percent of all Americans now receive money from the federal government in one form or another.

#47 According to Gallup, 41 percent of Americans believed that the economy was “getting better” at this time last year.  Today, that number is at just 27 percent.

#48 The wealthiest 1% of all Americans now own more than a third of all the wealth in the United States.

#49 The poorest 50% of all Americans collectively own just 2.5% of all the wealth in the United States.

#50 The percentage of millionaires in Congress is more than 50 times higher than the percentage of millionaires in the general population.

  • Tia

    Impeach the lot.. Invest in *********** then use it !!

  • Tia

    Oh yes…. Get right with GOD and I do NOT mean that lying pedophile.. God is going to come soon.. I highly recommend that you join the winning side ASAP!
    Read the greatest history book ever written !!

  • VyseLegendaire

    #43 Standard & Poor’s has altered its outlook on U.S. government debt from “stable” to “negative” and is warning that the U.S. could soon lose its AAA rating.

    Cracks me up every time :)

  • Gary2

    The problem started with the republicans funneling wealth from the bottom to the top.(Yes I know the Dems also suck but they suck a whole lot less than the repubes)

    It worked and we now have the biggest wealth and income inequality in this nations history.

    Unless and until the rich are taxed hard and the wealth spread more evenly we are not attacking the root of the problem and will only continue to treat the symptoms.

    TAX THE RICH HARD AND SPREAD THE WEALTH!

  • Charlie

    There actually are some people who are doing great. Let’s just say it didn’t ************* trickle. But hey, if we keep giving them money, it’s going to work eventually, right?

  • http://lppgh.org DaveP

    Re: #25 – Not to nitpick, but I’d hate for your otherwise well researched article to be picked at over this:

    There are indeed a quadrillion dollars worth of derivatives, but *most* (supposedly all) of them are “offsetting”. AFAIK this means that once you write a contract, you can’t really cancel it, but you write another contract to offset it, so the net exposure *should* be zero.

    Makes sense on paper…but you have classic counter-party risk, in that if your offsetting contract cannot be fulfilled due to something completely unrelated (let’s say, a Bernie Madoff that just stole the money and didn’t write the contract) there could be a domino effect of cascading risk.

    So what I’m basically saying is that there realistically isn’t $1Q of money at risk, but some fraction thereof. Which is still a *lot*. Let’s say a half of 1 percent of contracts fail…my bad math says that’s still $5T (or maybe $500B – hard to count so many zeros!).

    Still way too big to bail.

  • http://www.catholicthinker.net/ PaulF

    Michael, you killjoy, can you PLEASE devote the next 100 posts to the next season of American Idol??

  • http://lppgh.org DaveP

    Bad Math indeed – here’s an article that explains derivatives “notional” value better…and it’s apparently up to $1.2Q, so 1% would be $1.2T, and half of one percent $600B:

    http://real-agenda.com/2010/06/24/1-2-quadrillion-derivatives-market-dwarfs-world-gdp/

  • http://ahref=title= Lazy Ike

    This all started with President Reagan who created the massive structural deficit which the Senate Finance Committee could not deal with in 1985. Ross Perot made it an issue and it was dealt with a short period of time in the 90s then W blew the lid off by starting two wars off budget, a new costly Medicare Drug program and a huge tax cut directly mainly at the very rich. The USA has reached the point of no return. The sooner it devalues the dollar, it can then start over.

  • DM

    Is credit card debt increasing because people are using credit cards to pay for necessities? I think so.

    Our problem in this nation is leadership. No leaders are willing to make the changes necessary to turn this nation around. Greed is destroying this nation. There is a proverb that says a greedy man destroys his house. How true regarding this nation. Greedy men in business, government, education, entertainment, media, families and churches are destroying this nation.

    This nation is long overdue for leadership changes in business, government, media, education, entertainment, families and churches. Either changes in the people or in the hearts of leaders.

  • VegasBob

    The US is effectively bankrupt already. What’s left is a printing press and a wizard behind a curtain.

    Americans now routinely accept things that would have caused riots or worse just a few decades ago.

    For starters, how many people back in 1985 could have imagined the police state apparatus in America’s airports today?

    How many people back in 1985 could have imagined the endless wars America is now involved in?

    Next, take a look at the trillion$ of counterfeit dollars Mr. Bernokio of the Federal Reserve has created over the past 3 years to try to paper over America’s fiscal problems.

    A hundred years ago, a counterfeiter would have been tried, convicted and executed. Now, counterfeiting and fraud are just accepted business practices.

    It’s sad alright, but unfortunately it is too late to fix the problems. The American economy is like a brain-dead heroin addict on life support. Withdraw the heroin and the patient dies. Withdraw the money printing and the economy dies. It really is that simple.

  • dhruv jain

    US should try to capture more market of BRIC countries in terms of exports……If this could be done this could be a great relief to US….also try to built a niche market for Africa……

  • Billy

    I’m British and I can tell you the same thing is going on here, the main problem as I see it is that the sands of time move slower than a clock and the sheeple don’t need to be bothered, because the way they see it is that the worst case scenario is they spend like hell and if they lose their jobs, go bankrupt and live on benefits like a lord.

  • William

    Do you think America should prosper when America started an unnecessary war of choice in Iraq which has killed hundreds of thousands of innocent Iraqi citizens, created hundreds of thousands of orphans, and created over 4 million refugees??? As a Christian, I value the sancity of human life. Clearly, some Americans do not. We will all be judged. What will YOU say to St Peter when he judges you for entry into the pearly gates?? Will your answer be that you supported the Smirking Chimp and war criminal Bush?? America’s economic collapse has been neatly engineered by the evil behind the war in Iraq. Just ask Wolfowitz, or Perle, or Feith. That TRILLION (plus) DOLLARS borrowed from foreigners and wasted in Iraq could have wonders for America, but YOU chose to waste it, right???

  • Josh

    We are still better off than billions of people making less than $2 per day.

  • MichaelR

    I attended my son’s collage graduation thursday in Minneapolis. Afterwards we went to a nice Mexican Restuarant with family and friends. I could not get over have crouded and noisy the resuarant was. Everybody was happy and in celebrative mood. The same is true with all the restaurants at home, you can barely get into the parking lot. You would never know the economy is at risk of collapse. Those that still have our same jobs (which is the majority of us) seem to have no fears and are enjoying the same lifestyle oblivious to any danger. How can there be a total economic and societal collapse looming? Christ answered this in Matt. 17:27 “They did eat, they drank, they married wives, they were given in marriage, until the day that Noah entered into the ark, and the flood came, and destroyed them all”.

    Sounds like boom times. Judjement doesn’t fall at the depts of depression when people are humble and on their knees. It comes when the great majority are still ” eating, drinking, marrying, and giving in marriage.”

    • howdydoody

      Great point. If only the rich would believe what is in the Bible, instead of hearing the words from country club church ministers.

  • mondobeyondo

    Europe gets it.
    There are protests in the streets of Greece, Italy, Great Britain, Ireland, etc.

    North Africa gets it.
    There are (or have been) protests in Egypt, Tunisia, Libya, Syria, Jordan, etc.

    The U.S. hasn’t gotten it.
    Quick…press that “snooze” button on the alarm clock again.

  • mondobeyondo

    Re: #20

    So THAT’S why we’re really in Afghanistan!!

    “Looking for terrorists”? Ha!!

  • Owen

    Welcome to the New World Order. Things are progressing just as Satan planned them. Massive worldwide misery is already awful but you haven’t seen anything yet. Just as the Bible foretold us, we now have the conspiracy of the rich against the worker. You may try to prepare for all of this, and that certainly would be a wise course of action, but know this: Most of us will probably not be here in 10 years, and maybe not in 5. Some will be raptured (not likely on May 21st) but most will die from wars, famine and disease. Ready or not, the future is upon us.

    • howdydoody

      Correct. Read the Bible. It’s all been foretold.

  • Jim Jones

    47% of U.S. citizens pay no income tax. About half of those, get thousands of dollars given to them every year that they did not earn and did not pay a single cent towards. In some states, a person making minimum wage, can make the equivalent of about 60K a year after all the hand-outs are added in (and we wonder why they have no motivation to work towards a better job). These are the very people that screech “Tax the rich!!).

    End class warfare, stop redistributing other people’s money, tax everyone on the same, fair level and we’d be doing a lot better. The poor need to get some skin in the game. You’d quickly hear them shouting for tax reform and working towards a better job/life if it was actually their money getting taken away.

    • Lee

      This is hard core but we didn’t get into this over night. The answer is PERSONAL RESPONSIBILITY. Political correctness will be our downfall.

      We need a new replacement tax structure instead of the income tax, like the fair tax (a value added tax where everyone pays the same rate). The tax payers would all receive the amount they would pay in tax at the poverty level at the start of each year. If you spend less then you keep the excess. If you spend more you pay it out of your pocket. The rate will have to be around 25%. This is a not a real good explanation, but short and to the point. Pass the 28th ammendment so the US Congress can not exempt it’s self out of anything. All entitlements are cut 10% the first year unless you actually worked and earned them over the years. Druggers take all they are caught with on the spot. China cured the problem in about 2 weeks, they just shot you, here you could go out in a drugged and humane way. Deport all illegals. Give people work to do to get entitlements if not earned. Drug test those that get benefits, if you don’t pass, no benefits until the next month. Stop the majority of foreign aid and use it here in the U.S. Reinstatute the draft. Put hard core prisioners on anchored, out dated aircraft carriers with no propellers 20 miles off the coast and let them govern them selves. Each 5 Years recirculate them. Bring our troops home and put them on the boarder patrol. There is a whole lot more but not enough time or space. We need Statesman not career politicans. Go back to the basics with the Constitution. It’s time for action not more talk.

    • howdydoody

      Wrong. True wealth wants to remain wealthy.
      Human nature does not, however, tolerate inequity. All wealth must be made equal. But – it will never happen in an evil-based world.
      Bring on the God machine. Can’t wait.

  • Antonio Gonzalez

    Really Congress is for rich only.

  • Gary2

    Making the very rich even richer. That is all that matters in this country. Everyone else can go die under a rock for all the very rich and their minions in Congress care.

    The situation in the United States is Social Darwinism, pure and simple. The poor will die and the rich will live. Now, more than ever, we need Single Payer Health Care to bring our country up to the standards of the rest of the civilized world and to ensure our very survival.

    Let tax the wealthy to keep us healthy!

  • Know_then_do

    These 50 assertions deserve scrutiny. For instance, #46 claims 59% of Americans receive Federal funds in one form or another. Are Social Security benefits (loaded word)Federal funds? Those employees and employers who pay into FICA are not getting a “handout.” Rather, they are getting their income which has been deferred for many years back to them with interest. They are ENTITLED to the funds!

    In point of fact every American “receives funds” directly or in kind. Get a tax break? Ride on a highway? Use the public library?

  • http://www.povertylinejournal.blogspot.com/ the optimist

    I’m sure there are lots more people not getting unemployment, me being on of them. There’s just no way to count the formerly self-employed whose businesses closed or who can’t get clients now.

    My home is going to be in foreclosure on Monday. I have $14 in the bank…and in June, my bank is starting a $10/month basic fee. Funny huh?

    But hey, things are looking up! I got a piecework job — in the foreclosure industry. The irony is astonishing…I drive out to houses that are going into foreclosure and take photos of them to verify that they haven’t been burned down. The pay is a whopping $5 to $8 each. With gas, it nets me maybe $4 an hour, if they aren’t too far apart. Last week, I made $60.

    I feel like I’m sinking into a poverty spiral that I will never get out of.

    I used to believe in a lot of good things about our country. Now I know they aren’t true.

    I want my country back.

  • karen

    There was a quote made by one of Hitler’s close aides, tell a big enough lie and repeat it over and over again and people will become to believe it. That is what has happened for many years now, the some old lie, but people are starting to wake-up, because the lie is fading away, and more lies told aren’t working, because peoples security bubble is broken and reality is seeping in.

  • Walkyrie

    Gov’t “workers” treat citizens like dirt, both on and off the job. The federal ones received a fat raise from their “messiah” just before the 11/10 election, they now conspicuously consume whilst their employer, the citizenry, is forced to do without. But, do not lose hope, for gov’t is at the height of a bubble, and soon the bubble will pop. The fiat will be worth next to nothing, gov’t trash will be stuck with “toys” that they cannot make any more payments on. Those who have hitched themselves to the gov’t star will find that it was a falling one, and the taxpayers will have the last laugh, especially the ones who have prepared.

  • Dan

    Here’s a solution to #29….this is 100% possible and would be fun….a large group of people buy up or some how “get permission” to occupy these abandoned buildings, houses, schools, etc….We have the science and technology to design a system independent from our current profit/monetary system….we could use some of the buildings to cultivate food using hydroponics/Aeroponics……we could use renewable energies like wind/solar…..there would be a ton of people that would volunteer to live and run a city/community like this…..what do you guys think?

  • Otown Right Guy

    I don’t think any “collapse” will happen. Just a continuing decline in real wages combined with mass inflation. If looked at since WWII you could say our economy has collapsed by way of comparison. One parent used to be able to provide for a large family. Now it takes two just to scrape by with one child. And that’s assuming both parents can even find jobs!

    Banksters and other Manhattan money changers will continue to do well, of course. The perpetual wars and the debt they cause will continue. Brain dead Americans love to wave the flag and “rally around the President” know matter what the reason, or lack thereof, for the war.

    The only thing that could impede any of this is the election of Ron Paul to the Presidency. But I keep hearing that he is unelectable, so I guess that’s not going to happen.

  • Michael

    Michael, you wrote:

    “The U.S. government spent over 413 billion dollars on interest on the national debt during fiscal 2010, and it is being projected that the U.S. government will be shelling out 900 billion dollars just in interest on the national debt by the year 2019.”

    Actually, it’s much worse than this. In March, the US gov’t dpent over 8 times more than it took in, and a whopping 705 billion in interest, mostly on maturing short term notes.

    http://www.cnsnews.com/news/article/march-madness-feds-spent-more-eight-time

  • http://www.youtube.com/watch?v=QlUbg3rUGrU Smash the Control Machine

    DAVID WILKERSON DIED ITS OVER!!!

  • http://survivalrealestate.com T.J. Jackson

    There is no longer a question of economic collapse. The only questions are, how soon will it occur and how bad will it be? I am appalled by the number of people that I meet that still believe the MSM and the governmental liars. I believe that the collapse will occur within three years and it will be the collapse of western civilization. All of these problems will be compounded by a world war of biblical proportions. If you are hoping for the best and preparing for the worst, don’t waste your time! Just prepare for the worst, the hoping for the best is not going to occur. Remember, the future belongs to the prepared.

  • http://endtimeinfo.com Doe

    The collapse of the US economy will bring chaos to the whole world, not just America. And chaos is what the power elite needs to bring in the world government. People have to get even more desperate to accept the new world order.

    http://endtimeinfo.com/2011/04/imf-bombshell-age-of-america-nears-end/

  • Maria

    I know you are trying to wake people up, but most of them are just hitting the snooze button.

    The only thing that will make people change is pain. When the status quo becomes more uncomfortable than making the necessary changes…that is usually when people will wake up…basically when they are forced to.

    I wonder how many people actually prepare for a natural disaster much less an economic collapse. One percent? Maybe…on the high side.

    It’s kind of like death…everyone knows it will happen someday, but how many prepare for it?

  • CitznKate

    And I heard another voice from heaven, saying, Come out of her, my people, that ye be not partakers of her sins, and that ye receive not of her plagues. –Revelation 18:4

  • http://www.catholicthinker.net/ PaulF

    Michael draws attention to an area of the employment stats I don’t see anybody else talking about: the massive move to lower-quality jobs. Even Mish and other sources that see the MSM/govt BS for what it is have not been talking about that.

    That is a VERY important angle to the whole situation.

    In ten years, maybe we’ll all either

    a) work for the government or in the financial industry
    b) work at McDonald’s
    c) wish we worked at McDonald’s

  • http://www.catholicthinker.net/ PaulF

    Sorry, Owen, but the notion of a pre-tribulational Rapture is completely un-Scriptural. Which is one reason the idea didn’t exist before the 19th century.

    http://www.catholic.com/library/Rapture.asp

  • http://www.catholicthinker.net/ PaulF

    Jim Jones, the other half of the equation would have to be stopping (and reversing) the flow of wealth to the top. Is it 35% of everything in the hands of the top 1% now??

    Gary, I’m a bit surprised to see a liberal speaking out against social darwinism – now go the extra mile and reject the politics of the culture of death altogether. :)

    “The Optimist” – stories like yours are very sobering. I hope you have or find the peace of the Lord, the only thing that will matter in the end for us all anyway.

  • http://www.catholicthinker.net/ PaulF

    Otown, there may not be a “hard collapse” but a slow and constant decline brings us to the same point in the end.

    You’re right that it will take more than a continuing decline in the economy to bring society to a screeching halt. But if something puts gas prices past the point where they pushes food prices past what people can pay to feed their families, even with the govt cards, then what? Social unrest doesn’t necessarily follow any linear law or any reason. If something ignites it it’s anybody’s guess where it could end up.

    It’ll start, of course, in the biggest/worst cities first. That’ll be a first sign.

    Of course, in 20 years, perhaps China will just decide to invade and take what’s left of us. (But that ain’t happening in 5 years.)

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

    If Americans ever wake up, they will discover 2 related problems:

    (1) The US industrial base is too small to support the current US population.

    (2) The US government revenue is too small to support current government spending.

    “Unfortunately, the American people will never agree to fundamental changes to our economic and financial systems unless they are fully educated about what is causing our problems.”

    The US industrial base has been shrinking for decades. This trend could not be reversed in the short term so here are other options for change (take your pick):

    (1) Americans would have to agree on population growth limits including family size.

    (2) Americans would have to deport all illegal residents of the US.

    Americans can not be educated about taxes or spending. It would be easier to convince a Christian that Christ is a hoax than getting a democrat or republican to change their views about anything.

  • http://www.pathtoasia.com rhea

    We have growth in the one hand, however small, and increase in unemployment on the other hand. Is this not a case where the poor is getting poorer while the rich get richer? We need jobs for the poor, not more money for the rich. Whatever policies lead to this is not working.

    Outsource your job search to us. Premium job search assistance – http://www.jobwaltz.com

  • http://www.globalbx.co Liz De Ocampo

    The collapse of the economy is affecting the whole world and not just US so everyone must know these 50 things (or more) and see readers’ comments.
    #6 statistic is so true. And #7 is the result. The list continues and everyone should pay close attention to his or her expenses in order to survive.

    Liz De Ocampo – “Freelance Writer for http://www.globalbx.co

  • TodP

    Oil companies do not receive “specialized tax breaks”. The tax laws apply to all heavy manufacturing and mining and encourage domestic production. Government policy which rewards failure (Freddie Mac, GM) and punishes success (Chevron, Conoco) is a major factor destroying our economy.

  • http://http;none Norm

    Hey.Here’s a novel idea.
    Lets re-elect Obama so his progressive,(sic)advisors can push us forward into destruction.
    Also,keep Reid and Pelosi in charge.They have such a remarkable record.
    Stay tuned.Obama will be re-elected by the masses of government takers so Obama can finish the great job he has done so far.What President has alerted everone that they have a billion dollar re-election fund ready.Wonder where all that money came from.
    He wouldn’t lie , right?????

  • Steve

    April 12, 2012 marks the 100 year anniversary of the sinking of the TITANIC.

    I bet our economic ship sinks before this date!

  • Jeff

    See if I got this right…. Every politician, prisoner, pensioner, welfare, unemployed, state, local, federal, military, educator, policeman, firefighter, illegal immigrant, poor third world country is on the hook for my private sector taxpayer dollars and some think that more taxes are needed????? There are a lot of people who are candidates for a plexiglass bellybutton! They have their head so far up their ( ! ) that they need a porthole just to see the light of day.

  • http://johndavidstutz@gmail.com JOHN DAVID STUTZ

    DONT WORRY ?…..BEE HAPPY ?
    when Jeb Bush { or Romney Reagan ? } preaches the gospel of free trade
    all dim trailer park teabaggers gonna bee born again !

  • http://inflation.us/videos.html Matt

    The dark days of deception are upon us like a mist, but “Those who call upon the name of the Lord shall be saved.” A promise we all can believe in.

    If you guys haven’t seen it yet, you should watch the National Inflation Association’s new video called “College Conspiracy.” It is really well put together. There are a couple things I disagree with, but I definitely think everyone should watch it.

    God bless you all.

    http://inflation.us/videos.html

  • Sad

    Would it be better to just give up? My understanding is that as u starve you eventually loose your hunger. Just drink water tell your done.

  • Joanna Reed

    Ron Paul 2012!! :)

  • cprice

    For those that think that taxing the rich will solve all our problems… it won’t. If you were to tax every millionaire at the rate of 100% of their income the amount taken in by the government would not cover ONE HALF OF ONE PERCENT of the debt that this country has right now. Also increasing taxes on the very people that create the vast majority of our jobs will make them create less jobs. Think on this for a bit… how many POOR people have you ever received a paycheck from?

  • bobbe

    It all began with FDR and the “new deal”. Americans mistakenly thought that Social Security was the “be all, end all” and they would no longer need to save for retirement. Thought the Social Security would be enough and stopped saving for a rainy day. Government can NEVER be a solution. We don’t even follow the laws that the pols make. Ridiculous what has happened to this great country!

  • The Unicorn

    51) could be the exploding prison population.These are basically goverment employees.

  • Pedro

    For all you Obama,Democrat,Liberal,Communist, lazy morons, it all doesn’t matter because the USA is broke and as mentioned earlier the Fed has to print money to keep the fraud going! But the best part is, you Libs,Dems,Commies etc who have always not believed in the 2nd Amendment, I think of the fable about the Ant(conservative) & the Grasshopper(liberal) and the fact the grasshopper didn’t do anything to to provide for his future and the Ant did. The he goes to the local government to get “Justice” and as good Liberals/Democrats, the are scorned and the local judge says that the Ant has to share his bounty. That’s where the fable ends in reality and when you
    Libs/dems/Commies come to get anything from the conservatives the 2nd Amendment arsenal will provide you with the justice you deserve! Viva la Gold! Good Luck & May God pity you poor liberal souls!

  • http://www.battlefield315.com/2011/04/what-liberals-really-think-about-tea.html 007

    It is amazing the stock market has not collapsed with all of these facts. I guess they are more concerned with being raped in a money market or treasury note with inflation.

    Looks like Greece is going to default. Could be the first domino to fall.

  • mondobeyondo

    High quality jobs are being replaced by low quality jobs in the U.S.

    That is globalization. Leveling the playing field between the worker in India, the worker in China, and the worker in the United States. Great for them. Not so great for us.

    Good luck… it’s going to be hard to pay your mortgage working that WalMart job.

  • Paul

    What is the danger of credit card debt?
    You spend like the is no tomorrow and have a good life.
    When you cannot pay back you declare bancruptcy and that’s it.

    After three years you start spending again. And you will get a new credit card and another one, because spending looks good on the books of the banks.

    And bank managers get paid on what looks good. They convert your debt into turnover and that into bonus and that into gold and silver.

    In the end, everybody is happy.

  • Paul

    So actually, who is cashing in on those interest payments of the US government?

  • Randome-11

    Food stamps, if the US gov cut them, there would be riots far greater than those in 1992 Los Angeles.

    Welfare for illegals, the south-west US south-west would face a massive armed insurrection.

    The Uncivil war is coming.

  • http://theeconomiccollapse JackieR

    Keep the american people in the dark so they keep spending.
    #2 & 3 – With 3.5 ml people being hired monthly today (#2) then for #3 they just have to wait 2 months and they should be hired.
    The gov will find more creative ways to tax us more and more.

  • Gary2

    End corporate welfare-example-in the Bush medicare part D the gov agreed to not negotiate for reduced prices for drugs. This is MASSIVE corporate welfare.

    There are many more hidden corporate welfare going on in addition to the out in the open type.

    But hey-lets cut programs for the poor, the rich corporations need more money

    Paul F-you are 100% correct about the low pay crap jobs making up many of the new jobs that are being created. I have often said that creating a bunch of low pay McJobs is not progress unless they can be unioniz3d and these jobs turned into good family supporting jobs. I am sure McDonald’s could pay living wages and still be profitable. How much corporate welfare does mcdonalds get-most of their employees get food stamps and state health care for the poor. Make these scum bag corporations pay by passing employee free choice.

  • DownWithLibs

    So whats up with Indiana and trampling on the 4th amendment????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????

  • Lennie Pike

    Good time to leave since you still can.

    Why stay when Babylon is filled with demons of all kinds? There is nothing pleasant about living there anymore. It is not a good life and the food is poisonous, not to mention the aerosol spraying of the sky – whatever that is all about it can´t be healthy. Things will only get worse.

    It once was a great country with knowledgeable people of character. We are now in the extreme minority.

    It is a big world, leave before it is too late.

    Leaving is not as hard as you may think.

    Your entire family will not go? Leave alone and be the first to prepare the way. They will want to leave sooner or later, probably sooner.

    CRIMINALS ARE IN 100% CONTROL OF YOUR LIFE NOW IF YOU LIVE IN THE U.S. AND THEY WANT TO DESTROY YOU. THEY WILL REMAIN IN POWER.

    LEAVE THE U.S.

    REVELATION CHAPTERS 17 18 19

  • http://jpbulko.newsvine.com/ Joseph Patrick Bulko

    Regardless of the particulars, more jobs will help resolve the economic difficulties that we are facing. To that end, I’ve devised a private sector solution to the high unemployment problem that will create jobs on Main Street by harnessing the financial power of Wall Street. Read the proposal here: A Modest Proposal to Save the American Economy: Entrepreneurial Blitzkrieg as Job Creation Vehicle

    Joseph Patrick Bulko, MBA

  • don

    The problem is that both parties are worthless. They tax the industrious to buy votes from the indolent. The concept that everyone “DESERVES” free medical, free housing, free food and should not be overly encouraged to work has destroyed this country. We have millions of illegals that never paid in a penny sucking us dry. We encourage production of illegitimate children by paying all the bills for whoever wants to have a kid. We need to throw them all out!

  • Mike D

    Gary2/
    Please go back to school. But learn something this time!
    And get a job!

  • Mingo

    Walmart should be DONATING their empty buildings (as many as there are) to the government to sell off to help pay the bills.

  • Afi K. James

    Gary2
    May 14th, 2011 at 4:12 pm
    Making the very rich even richer. That is all that matters in this country. Everyone else can go die under a rock for all the very rich and their minions in Congress care.

    The situation in the United States is Social Darwinism, pure and simple. The poor will die and the rich will live. Now, more than ever, we need Single Payer Health Care to bring our country up to the standards of the rest of the civilized world and to ensure our very survival.

    Let tax the wealthy to keep us healthy!

    Who cares about taxing the wealthy and the middle class, end the income tax, the IRS, The 16th amendment and more.

    VOTE RON PAUL 2012.

  • Afi K. James

    Gary2
    May 14th, 2011 at 3:18 am
    The problem started with the republicans funneling wealth from the bottom to the top.(Yes I know the Dems also suck but they suck a whole lot less than the repubes)

    It worked and we now have the biggest wealth and income inequality in this nations history.

    Unless and until the rich are taxed hard and the wealth spread more evenly we are not attacking the root of the problem and will only continue to treat the symptoms.

    TAX THE RICH HARD AND SPREAD THE WEALTH!

    GET OFF THE DEMOCRATS AND REPUBLICANS, THEY BOTH SUCK.

  • Colin

    Sixty years ago, our nation competed against Russia in the space race. We beat Russia to the moon. This year, we are ending the space shuttle program and will be sending our astronauts on the Soyuz to the ISS. Not only are we ceding our economic future to our greed, we are ceding our ambitions to our greed as well.

  • McKinley Morganfield

    There as been an ongoing “crumbling” of our society since the mid-1960s (yes, I’m actually old enough to remember first hand what has been happening between then and now) as little by little, for various reasons, we have lost our way. Civility is a joke, rudeness and vulgarity are hip. Social cohesion is fading fast. Fewer and fewer people are willing to work hard and save. In fact we penalize frugality (via taxes & low interest rates) and reward instant gratification all the while pretending the party is never ending.

    As someone noted above, nearly 50% of the people are no longer producers of wealth & capital but instead are consumers of wealth & capital. We have been living in an easy credit economy since the 1980s where borrowing from tomorrow to pay for yesterday has become the norm. While I think a few these 50 points are a off target, for the most part they are valid.

    As we all know, the crumbling has greatly accelerated these past 3 years. Someday, no one know when, but I suspect it will be within 2-3 years, we will reach a point where the slightest tremor will turn the crumbling into a collapse. When that point is reached the collapse will unfold in short order. It might take a week or 2 or it might take a month or 2, but it will be swift and violent.

    Bad moon on the rise, get your caca together folks.

  • Dipstick

    I can’t believe how many people here think that al of our problems are caused by the greedy rich businessmen. How how the greedy rich government officials who are in bed with the greedy rich businessmen? How about the envious middle class who wants to have all the trappings of being upper class even though they can’t afford it? (as evidenced by the housing bubble and bust)
    How about the idle poor, who would rather have the rich congressmen steal money from the middle class and have it redistributed to them so that they don’t have to work as hard as the middle class? How about the cynical congressmen who have corporations pay for their elections, pay lip service to the poor and then hold the gun to the middle class’s head to pay for all of their ‘generosity’ to the poor?
    Too many people here are trying to blame one group or another. EVERYONE is to blame: rich, poor, middle class, priavte sector, public sector. Everyone has been out to live like kings when only kings can live like kings.
    Those people here expecting the Second Coming of Christ had better not hold their breath. The first time around people were expecting a political messiah to come down and wup the Romans’ ass. It didn’t happen as they expected, and neither will the Second Coming.

  • http://freefood2gocoop.com Free Food 2Go

    Between the farm damage caused by the Mississippi River flooding, the Southeast tornados that destroyed 25% of the poultry houses, and inflation… food prices are going to continue to rise and squeeze people even harder financially.

    Stock up now on food storage products, so that you save money and are prepared for a crisis.

    Free Food 2Go

  • Garrett2112

    There are so many things our government can do to help the people, but do not. If the crash of 2008 was allowed to run its course, we would be pulling out of this by now. As of now, Iceland is the only country in the world who has stood up to the banking cartel. Unlike Iceland, the U.S. allowed the oligarchs to stay out of prison and remain behind thier Brazilian mahogany desks, firing infinite growth dropping bombs on the remaining 99% of the population.

    Well guess what? Nothing in the physical universe grows infinitly, . . nothing. Even stars have life cycles. These bankers, politicians, and Corprate CEO’s are dinosaurs. Thier infinite growth paradigm is going extinct and them with it. They will do everything they can to take us down with them. That’s what they do. It’s all they know. It’s all they want.

    These so called, ‘people’ do not know how to exsist without thier infinte growth. Until we the people change money, we change nothing. Most Americans still seem asleep at the wheel. I’m sure that will change as the effects of Tim Geithner cutting off federally-backed state & local bond programs take effect. Or when, not if, austerity cuts come. What about Fukushima? Reactor 1 is in full meltdown as of 5/15/2011. The worlds third largest economy has been devestated by the lack of electricity.

    Japan just achieved a cold shutdown of a seperate facility that lays untop of a major fault line. As the power goes down, the GDP does as well. I cant wait until the third quarter reports. Stock up on food while you can. It’s gonna get rough.

  • Jase

    Wait a minute, I thought now that Obama bin..I mean Osama Bin Ladin was now dead it was going to be nothing but global peace and prosperity from now on….?

  • Gary2

    Paul Ryan said “chasing ever-higher spending with ever-higher tax rates will decrease the number of makers in society and increase the number of takers. Able-bodied Americans will be discouraged from working and lulled into lives of complacency and dependency. That’s not who we are.”

    What a crock. Right now, today, Americans are paying the lowest tax rates in 50 years. And where is the economic prosperity the GOP promised? While American businesses are recording record profits and sitting on 2 trillion dollars in cash, unemployment remains near 9%. This is Paul Ryan’s Ayn Randian fantasy world writ large.

    The only “takers” are the elite 1/2 of 1% that have scooped up all of the wealth produced by the rest of us over the last 30 years. American worker productivity has skyrocketed, and before the GOP Reagan revolution, that meant a rising standard of living. No more. Now, the worker gets nothing, goes backward because of destroyed pension funds and home equity, and the rewards all go to the richest of the rich.

    This is ridiculous. This guy is defending the indefensible.

    TAX THE GREEDY TO HELP THE NEEDY, TAX THE GREEDY HARD NOW!

  • Watch, Share, Repeat

    As long as money determines our decisions we will continue to see the degeneration of our environment and quality of life. A resource based economy is inevitable if we are to continue to survive on this planet. A monetary system breeds competition, corruption, deceit, over consumption of resources etc.. We can not survive on a system that relies on the cyclical consumption of resources on a finite planet.

    Research for your self, think for yourself, and realize for yourself that a resource based economy is at least, a whole lot better than what we’ve got now.
    http://www.thevenusproject.com
    http://youtu.be/4Z9WVZddH9w

  • sharonsj

    Billy, the U.S. isn’t England. You may have a good welfare system, but in America it varies from state to state. Most of the time, you get barely enough to live on. Even the food stamp money can be ridiculous (for example, here in Pennsylvania, all I get is $25 a month). All that Reagan crap about welfare queens is a fraud. The only welfare queens we have are ExxonMobil and General Electric.

  • Val1224

    #33…..what AFL-CIO doesn’t tell you is that their union bosses are also making 343 times more than the average worker. Scumbags. I hate unions.

  • Paul

    Thanks to articles like these, people are able to counter a possible collapse. Therefore the collaps might not happen or be not as dramatic as predicted.
    As a result, those who warn about a collapse are ridiculed.

    Like those guys who warned about peak oil.
    Where would we be now, if cars still would use 25 liters per 100km and not 5 liters or less?

  • dan17

    does anybody remember chuck harder and for the people back 17 years ago and how cnn was trying to smear him but he refused to be interviewed. he was warning back then that our future would turn into an economic collapse. can we find him now?

  • http://www.blogicalcomment.com Blogicalcomment

    Very worrying when you consider all of these indicators together.

    I hope that you don’t mind but I wanted to help to get this info out there. I have used your list and have linked back to you on my UK-based blog. Please let me know if this is ok and keep up the good work you are doing in trying to educate people about the seriousness of the situation we all face.

    • Michael

      Blogicalcomment:

      Of course it is okay. I actually encourage everyone to use these articles like tools. My hope is that they are republished and passed out and emailed and distributed as widely as possible. The more people that see them the more good they will do.

      Michael

  • ann44

    My husband (& anyone else AF between 26-29 service yrs) was forced into early retirement from the military because of budget cuts. He can not apply for unemployment because he gets a retirement check. He isn’t even counted in this number- and is going on month 5 looking for a job. There’s nothing out there. I started a part time job & then had my hours cut to 8-10 per week!! Everything we worked & saved for 25 years may be lost. Thank goodness the family van is paid off, we may end up living in it!

  • nimrod

    It is not one political party or the other, it is the bankers who own them and the FED RESERVE system.

  • Mitchell Goldstein

    We should have been investing the bailout money in rebuilding our infrastructure. We would have a stable and efficient communications grid, electrical grid, high speed rail system and transportation system. Instead, we have rich banks that are hoarding money.

    Nice work for the last 10 years.

    BBB – Bring Back Bill (Clinton)

  • Janet Carucci

    I really enjoyed the comment that chaos is what the elite needs to bring in the New World Order! Also the Scripture,’Come out of her,and be not and be not partaker of her sins.’Every American should read this!

  • James V. Burnette

    I retired in 2001 and took the time to find out about our government, our economy, our trade policies, our immegration policies and on and on and on. I did this to educate myself and protect my small nest egg so that it would last to support my family and myself for the years I had left. Every one of the 50 items above is not only happening now but “will” happen in the very near future. I’m not a gloom and doomer. Every time man is in control of governing others no matter what name you put on that form of government it has failed. No country has ever pulled off a welfare state or the “take from the rich and give to the poor policy”. It always ends up the rich get poor, the poor stay poor and the government is the only “short term beneficiary” until the whole thing collapses. A statement was made by one of the past prime ministers of England that covers this well. She said that the problem with a Socialist Government was that sooner or later they run out of everybody elses money. If you don’t think that is happening hear just look at our Federal Governments 14.3 trillion debt. It doesn’t matter who you think got us in this mess or what wars or what government policies got us hear because “we are hear”. If we, as a people, don’t drop our (its someone elses fault) attitude and start paying to play and thats “everyone” we might as well hang up our jock straps for good because there isn’t going to be another season.

  • Gabrial Singh

    the sheep like it this way. it will be someone elses fault, as everyone is too busy watching american idol.

  • Soontobeexpat

    Gary2 these socialist ideas of taking from those that work to redistribute it to blood sucking ticks like you is what has ruined this country for everyone. Dumb ass the rich will just leave. Then who will you suck on. I am no where considered rich, but I am about to leave, because of the dam bloodsuckers like you.

  • Maria

    Michael,

    Great article. We need another about how to take back our American sovereignty.

    End the FED, end the IRS, end income taxes, get back on the gold standard, dissolve useless branches of government, use tariffs to level the field and bring back industry, get out of the IMF, get out of the UN, end the fake war on terror, etc. Each of these efforts brings us one step closer to a healthy economy and reestablishing a sovereign nation.

    The mega banks created all this fiat debt. This whole debt based economy was designed to fail, so they could play “rescue” and make trillions more playing savior. We the people have the power to stop this farce. The people behind this game are getting scared.

    Mondobeyondo,

    I agree…too many of us have been hitting the snooze button,

    BUT

    that is changing.

    A R E Y O U A W A K E A M E R I C A !!!!

    Stand up and say what you think! Be Heard! Start now!

  • CLC

    Spot on Vegas Bob- only problem is we will never get back to Kansas because the Wizard is brain dead and bankrupt

  • AuntEllie

    @PaulF don’t need ten years. It’s reality for many, many people right now. I believe from the ashes we will build a better day.

  • http://bigcash.zipnadazilch.com/index.php?referral=122223 fick

    well i bought my house in 98 for 75k; now 12 yrs later its valued at 60k.

    got sick in 2006 out of work for about 1 1/2 yrs. back to work in 07, 08 now economy crashes. always self employed so NO unemployment. drained savings since getting sick & losing work, bs, or when working earning shit compared to past.

    now working an $8 an hr job pt cuz all i can find. 50K in savings gone over the last several yrs. about to lose my house. Oh and paid the HOA fees on my house late; but now have HOA trying to steal my house over a $300 bill for the year 2011 Which Isn’t Even Over Yet! bill for 1/11 thru 12/11 but in may are saying their liening/foreclosing in june.

    course if things dont change quick the house is gone after 10k down & 12 yrs payments!

  • http://itsmycrisisandillcryifineedto.blogspot.com/ Yocheved Golani

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  • http://www.battlefield315.com/2011/04/what-liberals-really-think-about-tea.html 007

    Gary wants to tax the rich. Not that that will accomplish anything. However, I will play along fist let’s assess a 90 percent tax rate on George Soros, Chuck Schummer, Nancie Pelosi,Barnie Franks and Hary Reid. On top of it tax them on their campaign account balances.

    How dare they not pay their fare share.. This money could be redistributed and used to fund the study of car farts in Montana.

    If we are going to tax the rich, let’s get the super rich . Get everyone of these political cronies sucking off of the government tit. Get all the banksters too on wall street. By all means tax Bernanke at 95 percent.

    Ahhhh, I love communism in the spring time.

  • C

    The world economies will roar again, eventually. It’s all pretty much hinged on cheap energy, nutrient rich top soils, an ocean that is still fairly full of fish, you know .. all the things that we take for granted.

  • Gary2

    Soontobeexpat-Where will the rich go???Somalia? I hear the view from the coast is wonderful this time of year. The rich will get a good look at the pirates as they take all their ill gotten wealth. I hear taxes are low to non existent so you will be very happy.

    What you are saying is so wrong. If you don’t want to pay your fair share then leave. The rich are the parasites sucking the wealth from the rest of us, enabled by the government they bought.

  • bobbobbobbob

    aug 2 usa folds on its debt Yea HAAAAAAA

  • Pat

    We need to unravel the welfare state. We have millionaires legally collecting welfare and food stamps. We have entire families immigrating here and getting hooked up on welfare and ultimately social security that haven’t paid a dime.

    We have a welfare system that promotes procreation by offering larger payouts instead of demanding sterilization.

  • mondobeyondo

    Things aren’t looking too happy in the land of the free and the home of the brave, are they?

    As to whether I would personally leave the USA… weeelll, ya know, I love this country. My dad served in the Air Force during the Vietnam era. He fought for everything this country stood for (and hopefully still stands for).

    But given a choice between personal survival and patriotism… ooooh, that’s a toughie. Hundreds of thousands, if not millions, of Americans have died for their country.

    YES. I would be willing to do the same. Don’t get me wrong. But I’m too old to join the armed forces as a teenager (my dad encouraged that I do so, but I refused. Didn’t want to get blown up in Lebanon like those good men and women did in ’83).

    But what the hell would I be sacrificing my life for, if I were still young enough to sign up for the armed forces? For my neighbor to have a bigger LCD television set?? Or a bigger Ford Explorer? It seems to me, so many of the sheeple out there don’t even care anymore. I will not risk getting killed for a sports utility vehicle. Sorry, ain’t happening.

    The whole thing leaves me in a state of despair. We have GOT to take our country back! We have to! Otherwise, those brave men and women who fought at Gettysburg, Normandy, Vietnam, Iraq, Afghanistan, etc. would have died in vain.

    Should I hop on the next train to Canada, or the next flight to Australia?

    Keep Fighting the Power! (Public Enemy, 1989)

  • mondobeyondo

    “Don’t get me wrong. But I’m too old to join the armed forces as a teenager “…

    Gosh, I hate it when I screw up.
    Might have caught that using spell check or something… but I never use spell check on my computer. I don’t need it. Having spent time in an American elementary school in the 1970’s, it wasn’t necessary. It wasn’t even invented yet.

  • Afi K. James

    Mitchell Goldstein
    May 18th, 2011 at 1:30 pm
    We should have been investing the bailout money in rebuilding our infrastructure. We would have a stable and efficient communications grid, electrical grid, high speed rail system and transportation system. Instead, we have rich banks that are hoarding money.

    Nice work for the last 10 years.

    BBB – Bring Back Bill (Clinton)

    Not this time, cunton is the one who pushed NAFTA/WTO and Kosovo down our throats
    not to mention secretly sent nuclear weapons to china.

    VOTE RON PAUL 2012, Our last hope

    BHI (Bring him in).

    • Steve

      I don’t think the bankers and politicians are all to blame. There’s really very little politicians can do to affect the economy. The debt crisis started because people took on loans and mortgages they couldn’t afford. Do you blame the buyers or the sellers? I place more responsibility on the buyers. The supply and demand for jobs has been permanently altered since post WWII. The supply because of women in the workplace and immigration. The demand because of computers and global outsourcing. Politicians can’t do much about any of that. The American Empire is on the fall.

      • CapnCook

        You sir are an idiot! The politicians are the one’s that made the banks give out loans to people that could not afford to pay the loan in the first place. Our damn politically correct government made the banks make these loans to minorities, it is called wealth transfer and the result is this debt crisis we are in now.

        • summarhein

          Hooray Capnhook…I agree with you 100%

      • spktruth200

        Not so. They have proved it was the biggest banksterss who knowingly gave out mortages they knew were toxic…then bundled them and sold them around the world to Greece, Ireland, Portugal, Spain…thats why those nations are going under. The Wall Street Casino ponzi scheme is too blame and not one of those white collar crooks have gone to jail…wanta blame somebody blame them…they have all the wealth and left the people with chump change. Boner, Kantor and McConnell along with the idiot boy Ryan is playing with worldwide economic hell, they are refusing to raise the debt ceiling which is costing the US billions every day just in interest payments. Blame the frickin repukes who brought this country to its knees, with illegal wars Iraq cost 3 trillion…and not on the books. The Bush Crime family and their neo con right wing New World Order buddies (bankster elites) around the world are to blame.

      • John Handforth

        I beg to differ with you about the failures of Fannie Mae, Freddie Mac and too many commercial banks. The primary reason for these institutions was, and is political.

        Our politicians guaranteed loans made by Freddie and Fannie, EVEN THOUGH THE BORROWER DID NOT HAVE THE MEANS TO REPAY THE LOANS, OR THE CREDIT HISTORY TO JUSTIFY TAKING A CHANCE. Many commercial banks had to show that they loaned mortgage money based more on community racial balance than on the ability to repay the loans. That is not good banking. It was a plan for failure, but Fannie & Freddie bundled up these bad loans as investment packages and put them out in the investment world with a government guarantee. We taxpayers should be proud.

        The problem went back to the Carter Administration, where the government required banks to loan a certain percentage to the disadvantaged neighborhoods to improve community development. Those borrowing the money had no real history of repaying a loan and had no desire to do so. If they were evicted, they could always apply for a new form of government assistance.

        The problems grew under each administration since Carter, including those run by the Republicans. The Republicans just lowered the rate a bit. Whenever a free money government program gets established, no politician in his or her right mind wants to end it. They would be voted out.

        It not only was political, but it has been that way for more than thirty years.

      • Pat

        Get a grip. The buyers nor the sellers were at fault for those loans, it was the politicians in with fannie mae and freddie mac – all government backed mortgage insurers. Look on the net and read up on this. Oh, but be sure us loan officers took it in the pocket book for it because it was definitely our fault. The programs were there and the government pushed the american dream down everyone’s throat and made it happen anyway they could – thus, liberal lending and now bad loans.

      • dave

        No, all that happened because the federal reserve kept lowering interest rates, making money so cheap for speculators. Peter Schiff spells it all out. Peter Schiff and Ron Paul are our only hope.

    • spktruth200

      Vote Ron Paul? Crazy idea. Ron Paul who wants to get rid of social security, medicare and medicaid, foodstamps and unemployment. That old fool is not a liberteran but a fascist whose idiot son wants to put people in prison for speaking out against their government. Dissent is as american as apple pie, but not with the Paul family. They are villians who despise ALL government and are going to tear down the last 100 years of progress that made this country strong. The only thing Paul is right about, is ending these wars..other than he is a fascist.

      • cheri vanswearingen

        spktruth200, you don’t even know what you’re talking about. Senator Rand Paul, Ron Pauls son, is the only one that stood up and argued against the Patriot Act for a solid week!!! You sit and spew your hate out of ignorance. Get your facts straight little boy, you look like a fool.

        • John Handforth

          I forgot to mention your comment about our Country being strong. We once were strong when the poeple had a work ethic and we weren’t shipping out our manufacturing jobs overseas.

          If our military uniform that are made in China, start getting tight in some areas and have toxic or itching powder sprinkled throughout, you can be sure that China is about to attack. We have been decling, as a country, for fifty years. That won’t change until we start making things again.

      • John Handforth

        I missed something in your post. We voted for Obama because he promised HOPE & CHANGE. Ron Paul is doing something similar, but he is being honest and proposing real changes.

        I’m not sure if Rand Paul was quoted properly, but jailing someone for attending a speech is going too far. It is possible, though, that the speechmakers could be jailed for trying to incite a riot or cause harm to others by promoting violence. The First Amendment gives the right to free speech, but not the right to harm our Country or its citizens.

        Now I would be tempted to jail Jeremiah “GOD DAMN AMERICA” Wright for trying to incite violence and threatening our Country and the people in it.

      • Paul Lidberg

        Do you even have a clue what a “fascist” is? Or are you one of those kool-aid drinkers that believes everything the left tosses out? If you want to see a fascist, take a look at that joker in the White House…he’s a lot closer to a fascist than Ron Paul could ever be. A fascist is for a socialist state – they want to increase the role of government NOT shrink it!

  • mn8

    Some of these statements are the same statements preached by communist party line. Communists ofcourse, believe that the fall of capitalism is inevitable and that they also have to work subversively to make that fall happen.

    • Dostoyevsky

      Capitalism is ALREADY dead in the USA. We are a fascist/socialist military industrial complex that already embodies all 10 planks to the communist manifesto in its political, social and economic fabric. (http://goo.gl/VQF4v). Read it and weep!

    • spktruth200

      We dont have communism in this country you idiot, nor do people want it. What we do have is fascism. STATE run facism. I notice the countries doing very well are socialist/capitalist. Like Germany. They have free health care, their economy is thriving. Because they are smart people who care about their citizens, invest in their citizens. China is investing in their people, their elderly got a raise, their children go to free public schools and if good students are sent to free colleges. They are building their country from the ground up, they are becoming what America used to be. They are putting solar on every new home, they are building new cities with green schools, hospitals, while american politicans talk abortion, abortion abortion. If you vote republican you are voting for the elite 1% class and against yourself.

      • cheri vanswearingen

        Please, by all means, move to China. Enjoy that freedom over there and see how much you think about it. You are beyond ignorant.

  • Owen

    PaulF, as a former Catholic I have learned it best not to put too much stock in what the Catholic Church teaches. I have read that the road to Heaven leads through a narrow gate (that would be Jesus) and few travel that road. To me, it’s always seemed best that every man should think for himself. I do not see that happening around me. It is what I see as being the primary reason most people are not heaven-bound and it also explains why we are losing our country today. Jesus said the Jews of His day should have recognized the time of their visitation. Jesus also has told us that we, too, should recognize the time of His return. The Bible contains many mysteries that the Bible itself reveals. The Bible identifies the Rapture as one of those mysteries: Corinthians 15:50-57 “Now this I say, brethren, that flesh and blood cannot inherit the kingdom of God; nor does corruption inherit incorruption. 51 Behold, I tell you a MYSTERY: We shall not all sleep, but we shall all be changed– 52 in a moment, in the twinkling of an eye, at the last trumpet. For the trumpet will sound, and the dead will be raised incorruptible, and we shall be changed. 53 For this corruptible must put on incorruption, and this mortal [must] put on immortality. 54 So when this corruptible has put on incorruption, and this mortal has put on immortality, then shall be brought to pass the saying that is written: “Death is swallowed up in victory.” 55 “O Death, where [is] your sting? O Hades, where [is] your victory?” 56 The sting of death [is] sin, and the strength of sin [is] the law. 57 But thanks [be] to God, who gives us the victory through our Lord Jesus Christ.” After studying this matter for more than 35 years, I am convinced that no other explanation of a Pre-Tribulation Rapture makes any sense at all. I have left several denominations that do not recognize this truth. Like the Bereans, I listen but I search the Bible on my own to see if these things are true. I highly recommend the practice. Wouldn’t it be great if all Christians did so? I would think that there would be more people striving to enter in by the narrow gate. The 21st will come and go and nothing extraordinary will occur, but one day soon, millions of people will vanish from this Earth, bound for their true country. I hope you are one of them, PaulF.

  • Fred

    There were a lot of interesting comments made regarding this article. The one I found most interesting was Lennie Pike’s comment. He may have a point. If anyone can afford it, it may be an option to have a place in another country for the safety of your family.

    The United States is in serious financial trouble as this article points out. It may pay to be prepared to leave on short notice, when the economic collapse begins.

    • spktruth200

      It wont matter where it the world you go…the economic collapse is worldwide. You can thank the Wall street bankster gangsters for that. The people reading this should share it with everyone you know and get a plan together for your family. Its time we stopped buying anything but basic necessities. Put in a garden, barter for the things we need wherever we can. Stop the privatization of schools, prisons, elderly homes, stop them from selling off our buildings and infrastructure or you better learn Chinese. Blame Ronald Reagun for the US collapse, and the Bush crime family they were instrumental in taking down america with their trickle down economics which gave the 1% all the wealth and the 99% are now their slaves. We dont need to make a run on the banks, we need to be en masse in front of the banks demanding they release OUR money to stop this worldwide depression. And the right wing neo cons, Boner, Kantor, McConnell et all….if they have their way they will collapse the country, get rid of all the social safety nets, like Social security, medicare and medicare, food stamps, and unemployment. These rats are all about giving oil companies and banksters even more of our money…its about the New World Order…we will be slaves to the master class.

      • Robert

        @ spktruth200

        Stop blaming the Republicans, and start educating yourself about U.S. History, economics, especially progressivism. The article did mention that both parties are mostly to blame for our failing economy; Democrats and RINO’s.

  • CabotAR

    Great article!! It’s going to get ugly when the market crashes & most Americans are put on food stamps. Like drugs….Americans will quickly enjoy not working & getting free food.

  • El Pollo de Oro

    “Wall Street has hijacked Washington. This isn’t socialism. The merger of state and corporate powers, by definition—according to Mussolini, who knew the definition very well—is called fascism. And fascism has come to America.”—Gerald Celente

    Signore Celente is right. The Banana Republic of America, formerly the USA, is screwed. God help the BRA.

  • Jenna Thalia

    The U.S.’s financial problems are actually SECONDARY to the REAL causes of its collapse: to wit, RAMPANT FRAUD, LACK of RULE of LAW and LACK of ACCOUNTABILITY.

  • Joet

    Consider set a Upper income limit (say $26,000,000)annual for the people here!
    Anything over to be donate to the charities of person’s choice and redistribute back to the society.
    How’s that sound?

    • JW

      It sounds like no one will bother working anymore once they reach $26 mil a year.

  • mickeythepirate

    We need to all relax and cheer. Let the idiots in Washington DC spend as much as they can as fast as they can..eventually its all going to collapse anyway, and face it, we can NEVER pay off the massive debts we owe..so Default (declaring ourselves as a nation bankrupt) is the only option we have. So We need to hurry up and get something done. That way the misery and social disruption does not have to go on so long. Sure the dollar will collapse, and everything valued only in dollars will too..but when we are done with the shock and pain.. we can start over again. Personally, I see that our nation and our people will be far, far better off, when we are broke, than we are now. We are at a minimum over $14 trillion ($14,000,000,000,000) in debt. When you count up all the future promises that our mentally deficient elected leaders have made it is actually $75 Trillion dollars!!! So Go for it Republicats and Democans..spend! spend! spend! spend!!! Give your buddies and paid sponsors all the freebies you can too, give foreign governments lots of money (we all know that you can buy friends)and throw the serfs and peasants down here in the mud some crumbs and a flash of a smile sometimes too.
    And you too Mr. and Mrs. America, have some pride!!! We in The United States have the very best government that money can buy… sadly, though…you degraded, unwanted, unwashed, masses, are not the highest bidder… so stop being good little lapdogs for a change. They don’t love YOU or need you anymore…except to vote for them and to give them your hard earned money to play games with in Washington.

  • Colin

    One of the many issues our country has is misplaced priorities. While the politicians find ways to defund Planned Parenthood, our infrastructure is collapsing. While the politicians find ways to privatize education, many of our citizens can’t find jobs. While the politicians find ways to ‘fix’ voter fraud (voter suppression), many of our citizens are having to make tough choices on what they should pay for on their smaller and smaller wages. The list goes on and on.

    In my city of Walnut Creek, a concrete factory is closing and the jobs are being offshore. In its place, there will be a chicken fast food restaurant and a fitness center. There are a great many empty office buildings and retail store lots in this city. Our city is based on retail – the council wants to create a Beverly Hills of the Greater SF Bay Area. I feat that when the economic collapse comes, this city will be devastated. There are more and more people unemployed in this city, and the crime rate is rising.

    • http://www.facebook.com gina

      dude, you seem to know alot! its kinda scary reading this and noone wants to accept it…simply because its scary….however if you dont mind…im gonna steal it and put it on my facebook so people can read it and “get a grip” :) thanks for posting.

      • Michael

        Yes, please feel free to take this information and spread it to as many people as you can.

        The more people that see this stuff the better.

        Michael

  • SmokeDogg

    It’s a Global Ponzi Scheme.

    Every country is rigged to fall so we can have New World Order regional Governments.

    We will Have a Hyperinflationary Depression leading to a Racial/Class/Generational/Societal/Financial Armageddon in America by 2013. It will make the 1960s look like nothing. It might even make the 1860s look like nothing.

    Martial Law + FEMA/Homeland Security Camps + Amero + North American Union + Permanent Deployment of International Troops as American Police/”Peacekeepers” = the “Solution” to the problem.

    The plan within the next 5 years is to have everybody living in the same standard of living. The World is currently undergoing the “Post Industrial Revolution” by design (look it up).

    However, it’s too late now, those of our belief saw 2003 as the “change or we cant turn back year- 2003 was the stop raping the people’s pockets year or else.” Too bad we missed the boat.

    HOWEVER, PROPHECY MUST BE FULFILLED.

    We must have a New World Order with an Amero Currency in America.

    America will become a Homosexual Bathhouse rife with the most despicable sins, much much much more so than today. You think Gay marriage is something, Lonely Women will be allowed to marry Animals, and the state will allow this for much needed tax dollars and fees. Christians will be blamed for the Hyperinflation and economic collapse and persecution will increase. Muslims will be given new rights, while Christians get theirs taken away. Christians will eventually be forced to renounce their faith by the state or be killed by beheading. Many young Christians will be forced into the very same Terrorism and Martrydom that goes on in the Middle East today with Muslims- BUT ON AMERICAN SOIL.

    God will be VERY VERY VERY VERY VERY ANGRY WITH THE WORLD- ESPECIALLY THAT DAMM AMERICA, and THAT DAMM CHINA (Who harvests the Organs of Christians they capture- look it up).

    If we dont change our ecologically raping ways by 2019 then we must have the Geological Earth Changes as ordained by GOD that will: bring a 13.0 Earthquake to California sinking 1/2 half of the Western US with it (Denver will be a Seaport), and in the Midwest turn the Mississippi River into an inland sea that runs from the Lakes to the Gulf.

    (THIS WILL BE THE TIME OF THE DENVER AIRPORT MURAL-look it up) AND THE BIBLICAL TRIBULATIONS because GOD is Fed Up and he will force Americans to repent as a test run, but will ultimately force Himans to repent as a whole.

    America along with the rest of the world will then have a 2 Billion Human Killer Famine that will make men weak so a 2 Billion Human Killer pandemic will sop them up like a biscuit.

    THERE WILL BE A SUPER MEGA DEPRESSION WHERE THE ANERO AND ALL WORLD REGIONAL CURRENCIES WILL FAIL SOME TIME IN THE FUTURE. The FEMA Camps will be used again to “Protect the Children.” ALL Children will become property of the state and Corporations.

    The World will then have a World War 3 that will last ten years leaving 3 Billion humans left on the planet out of the future 8 Billion population. After World War 3 Women will become equal all over the world.

    The 3 Billion Humans will have a peace treaty and the Antichrist will reign for 7 years.

    Christians Will lead the world in Rebeling against the Antichrist system, and this will lead to the Battle of Armageddon.

    Earth’s People will all repent AND BECOME CHRISTIANS or die.

    There will be 1000 years of peace with the 2.5 Billion or so survivors to start anew.

    At the end of the day it’s not that bad. We could have gone extinct you know.

    To try to change things is subverting God’s will. The job of people should be to take care of the people during these times.

  • Jeff198524

    America deserves every bad thing that happens to it. Only a completely ass-backwards country would be dumb enough to buy everything on credit and use their homes as an ATM. Americans are obsessed with a 2,000 year-old book of fairytales and gay people having sex then they are about anything of substance.

    I suggest anyone with half-a-brain to do what many are doing, and what I plan to do, and expatriate. I can make a lot more money being a translator or interpreter in Asia then I can doing virtually any other job in the US.

  • http://alienperfume.net Click

    Leaving the USA seems like a wise idea. I did it 4 years ago and loving life as an ex-pat.

  • M Treadway

    Owen, I agree with you on the fact that the only thing we have to look forward to is Jesus’ return. I use to be a pre-tribber until I learned the truth. For the pre-trib to hold any truth it must take place before the tribulation, at the sixth trump when the antichrist (satan) is here on earth, defacto. Cor 15:52 states the rapture,the change to spirit bodies, the catching up,Jesus’ return does not happen until the last trump! That is the seventh, the last one! You must learn to count. I can give you lots of scripture to put man’s tradition of the rapture theory to rest but read Rev 12:17 and think about it! May the lost sheep find their way home and be free of their fear and doubt!

  • http://www.investorzblog.com Investorz’ Blog

    The united states isn’t as screwed as you say it is. The foundation of this country is still strong. Americans have the best university. The most innovative companies. The most freedom thinking people. As long as these foundations are still strong, the U.S. will not fall.

    • Dan

      You live in a police state which has taken and destroyed your bill of rights. There is no middle class. Only 60% of male adults are employed. 41% of all jobs are minimum wage. 50 million americans are on food stamps. There is no industry other than Chem plants, oil refineries, and big AG. 60% of Americans are upside down in their home’s value. Its all good. We live in the greatest nation on earth. Would a free person allow another human being reach into his pants and touch his private parts in front of a crowd of other human cattle? Would a free man allow anyone into their home without his permission? Would a free man stand and watch someone abuse their child in a public place with your consent? Would a free man allow his wife to have nude photos made of her in an airport and recorded for all to see? Would a free man forget that he is the owner of his own body? I will never understand your freedom sir. The US has become the largest police state to exist in human history. You should be ashamed as should anyone that agrees with you. You are not an American. No other nation on earth would submit to these abuses. I am ashamed of any American who continues to accept this way of life.

  • DownWithLibs

    @ OWEN:

    Congratulations on escaping the Catholic Church. (Those who don’t believe what I just typed – read Hebrews – it’s all there!) Yes, if more people actually READ their Bibles instead of just expecting someone to tell them what is in it, we would have a lot less “religion” and more informed believers!! I am very much pre-trib, although I hope its not just wishful thinking! :-)

    P.S. – See you on the other side!!!

  • A.S.

    Maybe the Bilderberg group is behind the whole collapse of the U.S. economy? Maybe this is done on purpose in preparation for the 2012 Marital law and/or 95%+ human extermination. Why else would there be FEMA death camps and secret underground cities for the elite being built?

  • The Doctor

    In 1965 you could get 5% interest on your savings account, and no one could charge more than 12% interest on a loan(except a shylock). Today you can’t get 1.5% on your savings even if you have millions and the banks can charge 35% interest on loans……. WHAT HAPPENED!!!!!!!

  • Sunshine

    Someone mentioned the crap they’re spraying in the sky.
    Solar Radiation Management (SRM) is one reason.
    Geo engineering to control the sunlight. To paraphrase one climate scientist (David Keith) there are people with enough money to create a new ice age if they wanted to. It’s supposed to be all transparent but it certainly isn’t on your 6 O’clock news to inform people who don’t read up on the science of hacking the planet. Sulfur dioxide and aluminum nanoparticles proposed (Alzheimers on the rise) for use to prevent the sunlight from reaching life on the planet. But if you watch the skies, looks like the research phase is well underway to my eyes. Somehow this is supposed to counteract C02 in the atmosphere if you believe the sales pitch. (plants consume C02. Sulfur dioxide degrades the ozone layer and if memory serves makes for acid rain.
    Can’t help but think “In curing the disease you are killing the patient”. My opine is that they just want to control everything, including the sunlight.
    Expect the global dimming will affect agriculture; FOOD.
    Agreed, stock up the pantry.
    On economics, starve the beast and if you must consume, buy USA made/grown or second hand. Go lightly on energy/fuel use. No sense feeding the beast more than you have to.

  • Randome-11

    There is but one solution my friends, after 1776, 2016!

  • Paul

    It isn’t called capitalism for nothing – capital is everything, everything else is nothing.

    If you have capital you win, if not you lose.

    And please – don’t fight capitalism. According to Marx, communism comes AFTER capitalism. That is, after economic necessity has removed the current political system and put away with states and governments, and people are mature enough to govern themselves.

  • John

    What’s going on with this site – there hasn’t been an update in over a week. Does anyone know?

  • Delawarebill26

    Yeah! I was wondering the same thing. I love the articles and you are known for new content daily. Hope all is well and this is just temporary.

  • Owen

    Treadway, I am not locked in to pre-trib and I acknowledge what you say has merit. Though I lean toward pre-trib, I believe that the eternal rewards of a martyr’s death make dying for Christ a worthy goal for every Christian. Having made my decision to seek God’ grace, I am content to leave such matters in the hands of God. In the troubling days ahead, God’s peace is an amazing gift.

  • mondobeyondo

    I believe the site’s administrator was one of the people who were “raptured” on May 21st… when the world ended. LOL!

    Seriously, I don’t know what’s going on. I hope Michael is alright…

  • Colin

    I can’t decide what is more frighteningly – the state of our economy or some of the comments I am reading. Our nation is on life support, our people are struggling, and the elite are disengaging from the rest of us. I hate living in these interesting times. I would much rather prefer living in a quieter time.

  • McKinley Morganfield

    Colin,

    I agree. The great contraction (collapse) has to occur before we can begin the painful process of rebuilding our economy and our society. The sooner it occurs, the less painful it will be.

    Ashes, ashes we all fall down; and when it all falls down each of us must be prepared in the basics as best we can. Food, water, fuel, ammo, seeds, and readily traded metals (silver rounds) are my strategic reserve. If you can’t provide for yourself for 6-12 month you are going to be at the mercy of others in a time of severely limited mercy.

    “Hope you got your things together.
    Hope you are quite prepared to die.
    Looks like we’re in for nasty weather.
    One eye is taken for an eye….

    There’s a bad moon on the rise.”

    (courtesy of John Fogerty)

  • Davey Jones

    yea, I was wondering about the site myself. I know it costs allot to keep these things up, hoping nothing bad has happened to the crew.

  • http://www.mat-rodina.blogspot.com Stanislav

    Rapture is a non-Biblical heresy that was thought up by a preacher named Miller, in the US and spread also to the UK, in the 1830s. His first prediction of the end was for 1844. It was renamed, by the media as the “Great Disappointment” go figure out why.

    The very Bible says that no man, no angle and not even Christ Himself knows the time or the date, only the Father.

    As for the heresy of the Rapture, it is non-Biblical and uses extremely loose interpretations of select passages.

  • ray

    Maybe we should all put our ‘collective’ minds together and curse the ‘criminally’ rich, (not all rich people), and send as much negative energy as possible to them. They they would self destruct, have ‘accidents’, (self created), have such nightmares that they would commit suicide, etc. We could chant that they be accursed to the Avichi Hell (the lowest hell. For traitors.) Their ‘seed’ (spawn)be ‘bastards and barren forever and ever. Not necessarily their children, but their nature in human bodies that they bring into this world (hell). Thoughts have power. Let us Curse them Satanic hypocrite religious, political leaders. Whatever it takes.

  • aperebik

    Instead of sitting around enraged about the economic collapse, here is what we can do about it: Pass Glass Steagall now! Its the first step to cut the head off the snake of this failing monetary system and get our nation and banking system functioning again. With Strauss Kahn just thrown in jail, and the bailout policy averted, we have a chance–so let’s mobilize like hell!

    http://www.larouchepac.com/node/18247
    http://www.larouchepac.com/node/14584

  • mondobeyondo

    “A hard rain’s gonna fall” – Dylan, 1963

    And you thought tornadoes were bad. They are, make no mistake about that. Tornadoes are awful.
    But compared to what’s coming, financially speaking….not to mention otherwise….

    I’ve read Matthew 24. I know what’s coming. It will not be pretty. Enjoy your present day life while you still can.

    (Happy Birthday, Bob Dylan! He turned 70 years old a couple of days ago!)

  • mondobeyondo

    “The times, they are a changin'” (Dylan, 1965)

    Yeah I know, I quote Bob Dylan way too often.
    But he’s right.

    My dad trained and raised me in the belief that you should go to high school, then college, then get a good job at a good company which offered great prospects of personal growth and achievement, along with an increasing salary. 40 years later, you’d get your gold Rolex and a nice compensation package to fund your retirement. Then you’d spend your days vacationing, or playing shuffleboard or golf at a sunny retirement community. A nice reward for your years of hard work.

    It doesn’t work that way today. Today, college is a gateway to eternal debt. Young people fund their college education with student loans (which can not be dismissed in bankruptcy court).

    Part time jobs won’t cut it anymore, either. Burger King does not pay for your tuition, and McDonald’s won’t pay the apartment rent. And then there’s your textbooks… oh yeah, you’ll need a place to live, too. Who knew? A place to sleep and study! Wow! So cool!! How about camping out at the river bottom? It’s so adventurous! You’ll get to mingle with all sorts of wildlife, insects, rodents and so forth (great for those who plan a biology or nature studies major at a university. You can write a firsthand thesis!!) And the river fish are free, if you can catch them!!

    But seriously…
    What the hell happened to this country??? How have we fallen so far? And we still call ourselves a “superpower”?
    (I suspect many of you already know the answer)

    Yes, I feel sorry for today’s college students. But I will tell you, 1982 was also rough. There was a bad recession that year, and it took months to find my first job at Burger King. This recession is way tougher, and the responses that eased the pain in 1982 (i.e. Volcker raising interest rates, etc) will NOT work today. Interest rates now are hovering just above zero. (Paul Volcker could hike the interest rate to 20 percent, because we didn’t have a $14 trillion national debt in 1982. But guess what? WE DO NOW!! Wheee! Isn’t living beyond your means fun??) If Bernanke raises the interest rate, which he will have to do eventually… owwwieeeee!!! And he doesn’t have a financial tourniquet – or even have a Band Aid! Help!!!

    And no, this recession is not over. There is no “recovery” when 50 year olds and 20 year olds are competing for the same jobs. That’s called “survival”, not “economic growth”. And guess what? The 50 year olds have a 30 year head start on experience. (*giggle!!*)

    Forget the “higher employment”, “more jobs created” and “recovery” garbage you hear from the network news, and focus on the QUALITY of the jobs being created! Seriously, can one man support a wife and two children working as a clerk at Home Depot?

    It’s not the same as it was when this old geezer (chuckle!) got his HS diploma in 1983.
    But just have faith. The kids will be alright, to paraphrase a song by The Who.

    Anyway…just my $6.27 worth (inflation is beginning to take a hit on me.. hee!)

    • Michael

      Mondo:

      I always enjoy your comments. You do a great job of putting things in perspective.

      Michael

  • Jeff198524

    I’m hoping to live in Japan. The nation has high debt, but massive financial assets, so it’s still solvent. It’s economy hasn’t “recovered” because it’s people are savers and not spenders. It’s common for Japanese to have 10 million yen (1 million = over $14,000) by age 30.

    They’re peaceful. pleasant, cute (women only), smart, caring, and friendly.

    • http://theeconomiccollapseblog.com whackinstick

      You do know they had a massive nuclear accident over there? And 14,000 isn’t that much money. I made almost twice that serving 3 years in the US army. Well, have fun with the radioactive sushi.

  • Joe Myrick

    Please; to all of you watch the YouTube video entitled “The financial collapse of Argentina” full version.

  • Macdoodle

    Corporate Tea is profitable but not hiring and won’t until most middle class is happ y wihtlow pay no bennies jobs. They can get cheap labor ans sell junk products in a world market and Middle class USA workers are just cutting into profits.
    Please note shiney objects /emotional and religious topics will continue to be used to deflect and entertain so we Do Not address outsourcing ,no hiring, welfare subsidies to US Corps. +3bill a year that goes to Israel and 3/4 comes back to make weapons to promote ongoing aggression and bloodshed tax payers cover, taxpayer subsidies to corps who donate to politicians, Corporate Tea Politicos creating hostage situations like witholding aide to the recent tornado disaster victims while protecting tax cuts to the top 2% and asking for the 98% to be bled dry or let them rot. and more ,more, more..

  • Jeff198524

    Read again, I said ONE million yen is $14,000.

    Your comment is an excellent example of American ignorance. You know nothing of Japan or the Japanese people, only what American media tells you. Don’t you have to wait for the rapture, protest against homosexuals, or some other wholesome American activity?

  • Wil

    The United States is , sadly, finished as a great country. The best strategy is to leave the country, or if you can’t then retreat into a small town in a sparsely populated, out of the way loa5tion, and build yourself a 19th century small farm. There will be no recovery, and much worse things are coming down the pike.

  • Anonymous

    @ DownWithLibs: Funny how you use the Epistle to the Hebrews to justify leaving the Roman Catholic Church, when that epistle is totally anonymous, and the one single reason that it is in Bible to begin with is because the Roman Catholic Church canonized it 1600+ years ago at the Council of Carthage in 397 AD.

    Oh well, I’ve come to not expect much from heretics. Thankfully, I’ve come home to the only Church today that can claim to by founded by Jesus Christ himself.

    Too bad most protestants today don’t have the testicular fortitude to follow through with what Martin Luther originally wanted to do, namely remove Revelation from the Bible. Sadly if they all did that, things would be much more boring today…

  • Steve

    I don’t think the bankers and politicians are all to blame. There’s really very little politicians can do to affect the economy. The debt crisis started because people took on loans and mortgages they couldn’t afford. Do you blame the buyers or the sellers? I place more responsibility on the buyers. The supply and demand for jobs has been permanently altered since post WWII. The supply because of women in the workplace and immigration. The demand because of computers and global outsourcing. Politicians can’t do much about any of that. The American Empire is on the fall.

  • chris

    I just think that what goes up…must come down,,,,every powerhouse will fall at somepoint…what goes down will go back up?

  • roy

    theres good times and bad times. You have a choice in any circomstance to be good or bad. Jesus Crist is a the best example

  • http://www.tartanmarine.blogspot.com Robert A. Hall

    This column should be widely read, especially by decision makers and opinion leaders. Unfortunately, as I lay out in my recent book, I think if anything it understates the enormity of the challenges we face. Add to the economic problems the threat of uncontrolled illegal immigration, the threat of Islamic Jihad and the rise of China as a military as well as economic competitor, and we are facing a complete collapse.

    Robert A. Hall
    Author: The Coming Collapse of the American Republic
    (All royalties go to a charity to help wounded veterans)

  • cabbagehead

    Years ago, like 60-65, my grandfather and his brother use to talk about the conspiracy that runs the world. Grandpa knew things no sharecropper in Arkansas should know, when all he had was a third grade education. He once told a neighbor who was going to join the army and seve his two years ang et out as he would not have to go overseas: “Within ___, you will be oversears fighting in a world war.” After the War, the neighbor came back and said, “Well, you were right about the war and only wrong about the time.” I forget whether grandpa said it was 6 mos. or a year. In any case, it was just the reverse that actually took place. How did grandpa know. Well his brother had been in the Spanish American War, the Philippine War, World War I, the Siberian Expedition, and World War II. He knew Macarthur in the Philippines, when the latter was a shavetail Lt. fresh out ofWestpoint. My great uncle had a battle field commission as a 2nd Lt. signed by Woodrow Wilson in World War I which I saw as a child, and he served in intelligence on Macarthur’s staff in intelligence. The conspiracy seems to be very much alive. In ’83 our son, then 11 yrs. old, attended a school for bright kids for two weeks that Summer and worked on a computer mentored by a 20 year old black college student. One day our son told us there was a strange question on that computer today: “If you were an official in a world government and had an overpopulation problem with a country in Africa, how would you handle it: a. have a war and kill tem off. b. use an infectious agent, germ or disease, and kill them off. c. let them starve.” A friend who took a state dept exam. in the 60s that he had the same question. H.G. Wells talked in his book The Open Conspiracy about getting rid of the useless eaters. Things are stated publically about getting rid of 5.5 billion people….leaving certain folks to reap the rewards…..Shades of Malthus and Bentham. It also pays to have studied under one of the leading theoreticians of world communism. After all fascism and communism are but two sides of the same coin, used to manipulate the masses back and forth until they have a collapse and in the ensuing chaos, the powers that be can get rid of the excess population. Long ago someone said communism was an invention of the capitalist to control the masses!!!!

  • http://www.greenpoweredhome.net Building Solar Panels

    Can’t say enough good things about this post and I just hope more people read it.

  • DeborahTexas

    Agenda 21 for dummies on youtube….this explains what their agenda is! You can of course read that dry piece of crap but it takes a while!

  • DeborahTexas

    oh, then google iclei and look at membership to see if your county has committed you to slavery or worse!

  • http://edmunddunnnewyork.blogspot.com/2011/05/americas-political-dominoes.html Ed Dunn

    I suggest you read the rest of the story, in a book entitled “America’s Political Dominoes”. You will realize America is in deeper trouble than thought and no ones job is safe and what your seeing was planed.

  • Weird Al

    Sieg Heil is the direction we’re heading.

  • BILL RUSHING

    FOLKS ALL IT WOULD TAKE TO SEND IT OVER THE EDGE IS FOR OPEC TO START USING THE EURO INSTEAD OF DOLLARS … NOBAMA 2012 …

  • greg

    After reading all these comments, I am going to put foil on my windows, make a real nice foil helmet and hunker down for a decade or two

  • http://theeconomiccollapseblog.com/archives/ Harold Buzbee

    I believe our fate was written long ago and we are seeing the end of our USA as we know it. The Gov’t has gotten too big and out of hand, should have been made to have a public audit and been accountable to the citizens….but what will be, will be and i’m afraid it is much too late to reverse our present course.As it is said the lambs shall be led to slaughter…such a terrible end for such a Great Nation.

    • Michael

      Harold, you seem to have some Biblical knowledge. Keep it up my friend, things are on the downward slope.

    • rinda thomas

      I’m afraid you are right Harold…..

  • Sky King

    Steve: U don’t know what you are talking about. While it’s true, buyers bought homes they couldn’t afford (Many on 5 year ARM’s they didn’t understand) it was the government and greedy banks that encouraged it. The government decided it wasn’t fair that the lower class couldn’t own a home so they made all kinds of disastrous rules that would allow them to buy beyond their means. Things like ARM’s, Stated Income, Zero Down Loans, etc. By the time their ARM’s came due the market had fallen apart and their property wasn’t worth what they owed on it so they couldn’t refinance. Oops, here comes foreclosure. And THAT’S the rest of the story…

  • Scott-n-texas

    Don’t use these Liberal, class warfare talking points to address such a serious matter. I’m disgusted, Did you get an Obama speech writer to write this?

    • http://igst.blogspot.com Col. Bunny

      Good man. The U/I author of this piece has got some good points but the class warfare gloss on some is a disappointment. So the oil companies have a pre-tax profit of $x. What is their ROI and what are their after-tax revenues likely to be? He doesn’t tell.

      Nor do we learn about the myriad other ways that the oil companies are hampered and harassed by the government. Maybe we should be happy that they’ve got such profits. Then they can better finance defensive measures to keep from being bankrupted.

  • John

    Congress should immediately impeach Barak OBAMA FOR REFUSING TO ENFORCE THE CONSTITUTION. hE REFUSES TO ENFORCE THE IMMIGRATION LAW, THE SAME-SEX MARRIAGE LAW,AND MANY OTHERS THAT HE DOES NOT LIKE. THAT ALONE IS GROUNDS FOR IMPEACHMENT. HE HAS WRECKED OUR ECONOMY WITH HIS “REDISTRIBUTION OF THE WEALTH POLICY”. WE NEED TO GET CONGRESS TO DO THEIR JOB AS OUR REPRESENTATIVES, NOW!!!

    • http://naturalrightscoalition.org Steve

      It’s funny that you think that congress represents you. Not only is that false it’s not even possible. They don’t know you from Adam so how could they possibly represent you? Additionally congress could not impeach Obama without implicating themselves in the process (which would be fine with me but people tend not to want to face justice for their crimes). Bottom line there is no one in government who is not culpable in crimes against humanity so to think they would hold one of their own accountable for crimes they are also guilty of is laughable. Until we have complete liberty and are all held equal under the law (as opposed to having a political class who are above the law) you will never see real change.

      • Gwen Wood

        Steve YOU make PERFECT SENSE! Mahalo/THANKS for being a VOICE OF REASON in a SEA OF HYPERBOLE! Jus’ sayin’! Aloha, Gwen Wood, Honolulu, HI 6/13/11

    • DueBACCI

      John if you think all the problems of this once great nation are caused by Oboma, you sure don’t know much about recent history.
      Our problems go back many years, look at very big business, and you will find most of the problems. They benifit by ever new regulation, or lack of, all of which is paid for by the sinking middleclass.
      Oboma sucks, but had almost nothing to do with the problems we face today.

    • TMo

      You are such an idiot. You have not idea what you are talking about. If anybody wrecked this country it was Bush. From surpluses to deficits with a republican house and senate. Tax cuts that wern’t paid for. Worst job creation record of any President in history. This economy was losing 700k jobs per month BEFORE Obama came to office. Don’t be an idiot like Sarah Palin. Watch something other than Fox News.

  • Kathryn

    All this stupid doomsday for the United States of America is enough to make any one puke. Why don’t all of you doomsayers run away to another better country — after all there ought to be a lot of them out there now. Doomsayers are always right in their own way. The country, the earth and all it worlds upon worlds has always been on the verge of dying but the fire of freedom and of liberty will never die. This country is not “America” is symbol of freedom and liberty and self determination and opportunity. And this country is called the United States of America and this is a system of government based on the Constitution and the Bill of Rights and a government of checks and balances with an Executive, a Legislative and Judicial Branch of government. We experienced worst times in our history and we have come through the fire by the grace of God and not anything we ourselves could do. Give me a break. If God is willing we come through again then we will do that and nothing but the grace of God ever saved us before and nothing but the grace of God will save us now. Why didn’t some of the smug people on this comment section leave us during the Rapture. It’s hard to deal with saints and martyrs when we are sinners all.

    • perfectsplit

      I just hope you’re right about that, Kathryn. Particularly the, “We experienced worst times in our history and we have come through the fire”
      (I suspect you meant to say ‘worse’, not ‘worst’)

    • http://americanlibertyriders.ning.com/ FrustratedPatriot

      Kathryn you are ignorant and blind in so many ways, WAKE UP and LOOK AROUND YOU. The Government doesn’t give a sh*t about you or any other citizens, our leaders are corrupt and power hungry. By the way there was no rapture, and the fact that you think there was is a testament to your perception of reality.

    • TrustinGodandrow to shore

      Kathryn,

      Yes, I believe that you are correct that our life depends on God. But the threats mentioned in the article are real. In addition, America has many enemies in the world (and in the US) who seek to destroy our way of life and replace it with their agenda. We must pray as if everything depends on God (as it does) and work as if everything depends on us! Hope for the best but plan for the worst. Thank you for your comments.

  • Rick

    Who is John Galt?

  • trav

    start learning how to speak Chinees, its a coming…………..

  • Dave Mace

    Day is done, gone the sun from the lake, from the hill, from the sky. All is well, safely rest. God is nigh.
    Thanks and praise for our days neath the sun neath the stars neath the sky As we go this we know. God is nigh. “TAPS”

  • dhannok

    Here’s a plan…

    Buy a house in Detroit for $1. Put about $1000 and some elbow grease (or maybe next to nothing) into it, to make it liveable.

    When the annual property tax bill for $3,000 arrives, pay only 50 cents and claim that the 50 cents represents HALF of the actual value of the house. If they reject that argument, then live in the house for as long as you can before being evicted by sheriff’s deputies.

    Next, REPEAT the process (after all… there are apparently plenty of other houses for $1/each).

    On a separate note: Abolish the Federal Reserve, IRS, Income Taxes and institute a simple National Sales Tax and cap’ the rate. Also SHRINK the Federal and State Govts and throw away the Health Care Reform Bill and completely redo the false/fraudulent/inept Financial Reform Bill so that Wall St can’t continue to deceive and rip off the public – reinstate the Glass-Steagle Act amongst other financial regs that were eliminated and enabled this massive theft to occur!

    • http://americanlibertyriders.ning.com/ FrustratedPatriot

      You’ve got it right brother.

    • Kerri

      to dhannok,
      Have you read the Fair Tax book yet? You should, it suggests to abolish the IRS and the income tax and make it a consumption tax. I have always like Huckaby because he agrees with the Fair Tax ideas. It has been a while since I read it but it also suggests we stop penalizing manufacturers here in the US with high taxes so they will stop sending the work out of the country. It is a great book and a fantastic solution to part of the problems we Americans are facing. We need to support the good ideas when we see them. Lets revive the Fair Tax and get people on board!!

      • Crystal

        The Fair Tax is not what it appears to be. While it is better than the income tax, it’s still a bunch of BS, and the amount we are taxed will not change. While the book was good, it painted a lot of roses and sunshine and “If we do this, then that will happen” type of stuff that I just don’t believe will indeed happen. Also, there is no guarantee that the income tax would be abolished prior to the “Fair Tax” being implemented. How about we get rid of the income tax, go back to what Article 8, Sect 1 of the Constitution says? We can do much better than the “Fair Tax”.

    • kimmerp

      YESSSSSSSSSSS

    • angel

      Amen!

  • Rodger

    At some point you will all realize that this was caused by the same people that killed President Kennedy.

    War Industry, George W Bush and Dick Chaney, the puppet master, they are war profiteers and should be tried and hung as such. Big business and the Billionaires that own it have fuelled the middle class and upper classes with bull shit. Causing most Republicans to be too afraid to think strait, this is all propaganda and they are master of it. 1% of America is richer than god and 40% are not even working poor. Are national debt is out of control. And we are fighting a 2 front war with no out and little reason to stay in. I say we put a Fascist in power, take what we want and burn the rest, trim some fat. If war is are business let’s make business good for the middle and upper middle case.

    Hale Schwarzenegger

    The fact is they mesmerize you with shiny things and scare you with thing dark things. But it is the shit they don’t tell you or you see that you want and should be afraid of.
    It is all about power to them.
    Meditate on it with no impute.
    Sincerely:
    Rodger

    • G

      Finally someone with a clue!

  • http://Mariahjadeshrimp,com webfoot fisherman

    Your #12 thing everyone should know about the economy is wrong. There were some fish stocks that were injured BY THE DISPERSAL AGENT the federal geniuses okayed for use to cope with British Petroleum’s oil. The dispersal agent is long gone. The fish stocks and other seafood assets are perfectly safe and luscious. We don’t need your muckraking to further depress our seafood markets. The flooding of the Mississippi River is doing in our oysters as they didn’t move out of the fresh water quickly enough and perished. You owe us a retraction.

  • John Galtisafag

    DO WHAT YOU KNOW WORKS. Organized Labor, a progressive tax rate, and strong regulation led to the boom of the fifties and the sixties.

    Deregulation is sugar in the the gas tank, and the bulls*** laissez-faire voodoo economics drained the oil out of the engine.

    Ayn Rand can kiss my fat, hairy butt.

    • JW

      That only worked in a non-global economy. Since previous “booms” can be used to show the alternate conclusion your point is worthless.

  • Randy Overton

    Sad, but as you read the comments, many still do not have a clue. They think it is gloom and doom folks. Do you not see the trends? Do you not keep up with the markets? Putting your head in the sand and hoping this goes away will not fix anything. Republicans and Democrats you need to wake up!

  • Penny T

    For those of you who are waiting for God to save us, I’m afraid you should re-read the bible. God is there for guidance, not to save us from our own mistakes. We have to do that ourselves. That’s why God gave us free will. So we need to take action to correct the economic situation.

    • Arcosanti

      I think you need to reexamine the bible. God is in the preparatory stages of setting up his one world government. This will be set up on the ashes of the Satanic one world government that is being set up right now and that will be set up on the ashes of the majority of the nations of the world.

  • The Jabba

    You are all crazy, noone seems to simplify and create a solution, u just rant on and on about the problem as you hide behind your screens, and thats is the problem. How about make it 100% illegal to hire, house, or contribute to an illegal person here in the US. Punishable by minimum 2 years served prison term. Afterall it is a form of theft anyway you slice it, its our tax money.

    • JW

      There is no solution when a majority of the voting public does not understand the problems. Collapse is coming, it is a mathematical certainty.

      • Arcosanti

        I agree. So many people today are so lost. Also has anyone here even noticed that one of the prophecies of the Book of Revelation is in the process of coming true right now? The one concerning the drying up of the Euphrates River? It’s not dried up yet, but the water in it is getting less due to the various dams in Turkey, Syria, and Iraq. I also imagine that less water is coming from it’s head waters are on the decline from less precipitation.

  • perfectsplit

    Can you say, “Fall-of-the-Roman-Empire-in-America”?
    I think I need to immigrate to India or China.

  • http://na Rhett

    A lot of these are very true and a lot of this posted is nonsense and what I would call fuzzy math. They fail to mention the population has gone up some and that we have more elderly in our population. Those who stuck to manufacturing who knew full well after nafta passed to go retrain themselves they failed to do so and now are unemployed. Those who call the rapture bullshit your delusional at best.

    • angel

      Rapture is not BS but pre tribulation rapture is and many believe they will be spared from it. Man are they going to be disappointed :(

  • othercousin

    Hi Kathryn.
    Ever hear of the Roman Empire? History shows that all governments have been cyclical. As far as the God “argument”, please remember our Bible makes no mention of a power in the west being involved in the final days or the battle at Armegeddon. Are you suggesting that because we WERE once a nation founded in Gods principles that we wonn’t have to reap what we sowed? Surely you don’t think all of Americans will be raptured leaving only the pagens?

  • Sterling

    It’s all very simple. Despite what these bafoons in Washington and in the mainstream media say, we cannot spend more than we collectively take in forever.

    Current U.S. fiscal policy is suicidal. There is no way for this to end other than total economic ruin and our elected officials know it. They are complicit in it. The majority of them are perfectly content to step aside and let global plunderers divide up the wealth of our once great nation as they grow rich themselves.

    Nothing short of a restart…a physical cleansing of the halls of power will save this nation at this point. Until the American people wake up and show our government that we posess the spirit of resistence, and fertilize the tree of liberty with the blood of patriots and tyrants, we are doomed.

  • Anne in NC

    To all of those who continue to stick their heads in the sand and say “God is nigh, God is nigh!”….Yes, God is nigh and He has been warning all of us for the last 2011 years to change our ways or we are doomed. The US has become nothing in the world and what we are seeing right now is the slow destruction of a once great country. To Kathryn, yes we have come through very trying times during the growth of our country but what you are forgetting is that the whole world is changing and there is a prophecy(Revelations) in our Bible that will come to pass. Sadly, the time is not far off. May God keep us all.

  • http://facebook.com/youjustbecameapauper G.E. Brant

    We began a new political movement on Facebook “You Just Became a Pauper” which supports everything you are saying!

    Best wishes,

    G.E. Brant, Founder

  • G

    Kathryn you are typical of the average American ostrich speaking with an uneducated opinion. Bet you know more about Grey’s Anatomy or Desperate Housewives than you do about The Bilderburgs or The New World Order or The Federal Reserve or Revelations or The Kenites etc.

    • http://americanlibertyriders.ning.com/ FrustratedPatriot

      You got that right G.

  • Dave the Wonder Wave

    AQUAPONICS

  • The End

    If this does not wake people up I don’t know what will. **shakes head**

    Get those gardens going, raise a few head of cattle. That may be the only thing of substance you’ll have to eat.

    I have a friend who went through the economic collapse in the former Soviet Union, what she described was not pretty.

  • Sonya

    You know, I love this country, but are values are as gone as our money…wanting bigger and better. Go to Europe and see their little 3k cars that are good on gas. I realized I would die in a wreck over here in that small car, so I have to “follow everyone else”. People borrow and borrow…get upset when “their” car gets repossessed. It’s NOT YOURS until YOU pay for it!! Stop worrying about what your friends have! They have what you have…debt! I don’t understand why I’ve been sitting on unemployment for a year with a master’s degree while my child’s father was a learning disabled student who didn’t join the workforce until he was 33. Making 10k more than I was when I was working. Talk about having suicidal thoughts…

  • william

    NUTS

  • Paula Fultz

    If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn away from their wicked ways; then will I hear from Heaven, and will forgive their sin, and will heal their land. To me, this is the answer and only answer to the problems of our nation and the world.

    • Cliff

      If only everyone could see that Paula. :( It’s true.

    • angel

      Well said!

  • http://www.facebook.com/al-kidya al Kidya

    Obama and his A.C.O.R.N. set us up for the crash long before he took office as POTUS.
    According to his rule book: Saul Alinsky’s “Rules for Radicals”, the way to communism is to first set up economic collapse, then create civil disorder, chaos erupts then the government colapses with revolution. This is the way to communist takeover. Obama’s first big gig with ACORN was the initial setup of this collapse. It was well planned.
    http://answers.yahoo.com/question/index?qid=20100521090040AAEgpBe

  • http://mealercompanies.com JL Mealer

    I CAN FIX THIS—-

    http://mealercompanies.com/?p=708

    IF I wanted to be on each state’s ballot running for President 2012, WOULD YOU help spread the petitions for the needed signatures? You don’t have to vote for me, just put me on the ballot… As a Republican as a Democrat and whatever third party your state would allow. [Meaning add me as a candidate for all parties in the primary]. It’s all about the Mealer Economic Plan… it’s all about decent paying jobs and business expansion.

    http://mealercompanies.com/?p=708

  • Mrhuh

    “DO WHAT YOU KNOW WORKS. Organized Labor, a progressive tax rate, and strong regulation led to the boom of the fifties and the sixties.”

    Not true. After WWII ended, the government CUT SPENDING by over a trillion dollars. John Maynard Keynes nearly had a heart attack and foretold disaster. However, the result was massive gains in prosperity and peace. The kind that John Kenneth Galbraith and the sixties generation all condemned. Keep in mind that in the fifties there was no EPA, Medicare, etc. It’s simply a matter of the fact that much of this countrie’s problems stem from the gimme gimmes and desire for instant gratification. Lack of self-control is what has led to this country’s collaps. Nothing else.

    • Biggie

      “Not true. After WWII ended, the government CUT SPENDING by over a trillion dollars. John Maynard Keynes nearly had a heart attack and foretold disaster.”

      I think it fascinating that so many Keynes bashers seem to think they can spout obvious, blatant lies. It’s not that hard to fact check claims like this and find out that….

      – Keynes expected spending cuts once WWII ended because governments always cut spending following a war. He wasn’t surprised by the United States’ postwar budget at all and he certainly didn’t nearly have a heart attack

      – Keynes expected the spending cuts to have a negative effect on the economy, but he never predicted they would bring about “disaster”.

      – He also said that the high saving rates of the war years would help mitigate the slump following the cuts. There was a lot of pent up demand waiting to be released when people started spending again.

      Oh, and there’s one more thing. I’ve noticed that Keynes’ detractors never seem to bring it up. It’s almost as if they don’t want people to know about it….

      – THERE WAS A RECESSION IN 1945.

  • http://Enteryourwebsite... M.W.

    Washington D.C. is not America. Yes, D.C. will collapse and the States will reorganize. Restore currency, work to a triple AAA rating. Possibly using precious metals or cheaper metals to back the new treasury notes. We need to De-fund the U.N. cut all foreign aid, and worry about ourselves. The Fair Tax is a good start. Contact your reps to support it.

  • Chas

    This has nothing to do with republicans or democrats. The downfall of this country can be directly attributed to CORPORATIONS!!! They move all of our jobs to India, China, and Mexico…and do you actually think these CORPORATIONS would lower the price of their products because they are being produced so cheaply? Hell no!

    As a nation, we don’t make anything but weapons and debt anymore. There will be a time when we can’t pay our debt anymore and others will follow…hello WWIII. Get ready and start buying gold.

  • http://www.daymonjhartley.com Daymon J. Hartley

    Our present capitalist economic, social and political system is a victim of its own success. With the robotic and electronic revolution well under way we are replacing manual and mental labor as we know it. And that is not a bad thing. If we can get machines to do the back breaking work in the factories, mines etc. then that should be a plus for humanity. But unfortunately they haven’t figured out how to get the robots to buy back what they produce. And with a system still based on the premise that you have to have a job to earn a wage to buy the necessaries of life and there are no jobs….you have an irreconcilable contradiction. The profits and market system can no longer function to meet the needs of the majority of society. With Globalization there is an evening up process with the spread of the technology. And rather then bringing the rest of the worlds workers up to the living standard we have enjoyed…our standard of living is being driven down to theirs. I used to think it was a big conspiracy by the elite but now I believe that every economic system has its own objective motion and laws. They think that if they just throw more of our taxpayer money at the problem it will go away. Democracy in this country has been reduced to merely casting a vote. Every 4 years they let us decide which of their leaders is going to mislead us for another 4 years. To enjoy the fruits of democracy the average person would have to have access to the tools of democracy. Television, print, radio. The only folks who have that access are the millionaires and billionaires. Michael Moore is right in demanding economic democracy. The democratic right to a job, house, food, healthcare and that elusive right to human happiness. You can call it a cooperative society, socialism, communism, or a duck. Bring it on!

  • Donna J Gamache

    Why are none of these claims footnoted and a validated source referenced? I really would like the source for #15. I have actually seen interviewed about this saying EXACTLY the opposite. If the US went back to a gold standard, and had to back every dollar to an equiv. amount of gold, you would see a collapse beyond anything suggested in this article, above. There has never been enuf gold mined in the entire world (I can verify this info, and have on other posts) to back the currency in the US economy. The economy still is GIGANTICALLY large now compared to what it was when the gold standard ended, and the only reason it could grow was b/c it was no longer tethered to a limited supply of gold; it was set free of that and allowed to expand based on our wealth of skills and knowledge and productivity. Everything else said in the post, above, should be brought into question 1. w/o footnotes for the claims, and 2. based on the #15 statement. My bullshit meter lit up when I saw that one.

    • Kyresearcher

      If we do go back to the G/S(and we will) The lifestyles of most Americans we be pushed back 60 to even 100 years. Most Americans have taken for granted the air and heat always ready to use at home, or leaving the t.v. on when it’s not being watched, lights, everything! We live far above our means with no way to keep paying for it all. So when the G/S comes back, most people will have a hard time re-verting back to paying for everything upfront, no credit cards, and literally most people will have to rely on trades as well as small farms for each home to keep food on the table.
      When this does happen, a large number of people will simply die of starvation as well as exposure, a lot of people will even kill others to take or protect what they have.

      Far to many Americans have for years taken advantage of the special benefits that our government offers, simply because they can.

  • Terea

    Here is what I see. There are many people in this great country that are taking advantage of th benefits offered to them because they are poor! I know plenty of people who are living together but not married, claiming that they have no way to support themselves. They live better than I do with an above average income and yet, every month, they get funds deposited on a card so they can buy food and other things (not to mention the amount they receive would buy steak every day of the week) And their rent is paid for them, they get all kind of government subsidies and live in nicer homes and drive nicer cars than I do. All the while, we are paying taxes and supporting them! It makes me sick. I have reported this fraud numerous times(with specific people not just in general), but nothing seems to change. We need to make people more accountable!

    • The Die Hard

      You’re either an idiot or a liar. I live on food stamps, and it pays for old bread and canned vegetables for maybe twenty days, when supplemented by dumpster-diving. The rest of the time, I eat whatever I find growing along the road.

      • Askil

        But u just happen to have access to a computer AND the internet huh?

        • Arcosanti

          If this person is homeless, like they are implying, it’s not all that of a stretch of the imagination to see them on the net. All they would have to do is have a library card and they can use the computers in the library for free.

  • timturk

    A lot of true facts, but like so many other people, no answers. I blame people like you just as much as I do anyone else for the state that this great country is in. There may be a lot of folks out there that would like to be a part of pulling America up by its bootstraps and showing the world the great country we are. People like you discourage them in that you through a lot of facts out there about the way things are, you offer little, if anything in the way of solutions. The solutions are tough and will call for much sacrifice, but we can do it, this is America!!!!!

  • Have2MakeHope

    Wake up and stop playing the blame game. We are all
    complacent cause we were sold on a dream that was nothing more then a dellusion. Inequality is a large part of the monetary system even though our
    constitution says all men are created equal we have
    to know by now this is nothing but foolishness. If
    we want a world where all men are created equally we have to fight for it, sacrifice for it and maybe
    even die for it. We are living in a dream world of
    materialism pasified by corporate controlled media,
    government and the american dream which are all BS.
    These evil heirarchies are responsible for the mess
    we now find ourselves in and unless we grow some balls to unite against our common enemy we will only decay into an inevitable apocalypse. We will never be able to change a system that they created
    and it seems our only hope is to destroy them, create an economy based on resources dedicated to
    the necessities of life, equal standards of living, sustainability for our children and happiness based
    on universal cooperative understanding!

  • patriot

    join the American Third Position the only party that is willing to represent the people of america.

  • http://www.MickeyCarroll.com Mickey Carroll

    I hope you don’t mind my musical insight regarding the economy . Song title – They Did The Wild Life Boogie .

    http://www.orangetvfl.net/mickey-carroll/they-did-the-wild-video_3b4f15e27.html

    Mickey Carroll
    Grammy Nominee
    Gold Record Recipient

  • dreamer

    300 people attend a major city’s council meeting and this is BIG News. 300,000 turn out for a parade to honor a basketball team. You get the Government you deserve.

  • An Old cattleman

    America weeps!!!

    • Daniel

      yes america weeps, we need to crash to get things back to way it use to be. anyone got a horse i can buy on credit

  • The Die Hard

    Of the thirty or so correct statements in here, EVERY LAST ONE OF THEM WAS CAUSED BY BUSH ONE AND BUSH TWO. President Obama was STARTING to bring us back to an even keel, when the crooked billionaires, panicked at the thought of having to pay even one percent more in taxes, bribed to Supreme Sores to allow unlimited money from all over the world to be funneled to elections of repugnant-baggers to protect their bushiosi tax handout giveaways. So we ended up with crybaby Boeh-ner and Cornyn-hole, throwing two-year-old tantrums over the very idea that Murdoch (whose pimps hacked into the phones of dead soldiers and deleted personal messages to their families, looking for tabloid dirt) should have to pay taxes on his propaganda media network instead of donating that hundred million directly to the politicians he owns. Why, his personal pimp might have to get an actual job instead of spending all his time falsifying videos about ACORN!

    The repukeli-teabagging-libertards are now officially joined at the hip with the neo-klan-nazi A3P. Here’s hoping they all have a convention together and the minimum-wage waiters they sneer at put strychnine in their steak.

    • nikki

      It take a real ignorant peron to not see the dangers of the current person in office. PEOPLE LIKE YOU ARE THE PROBLEM. You stand by and want people who have earned their money to take care of everyone else, why should my money go towards paying for someone’s Escalade? Especially when that person or group of people can get out and get a job but are to lazy too? When the economy crashes, people like you will be the first ones crying out for help, while the rest of us will find a solution.

      • Arcosanti

        When the economy collapses, you may very well be in for a very rude awaking. May you reap what you sow in life.

        As for the solution you mention, you may find it harder to achieve than you imagine. There will be a solution offered by the very same people who have orchestrated this mess. This solution will not be anything that you will want. You will then have to either choose the solution or reject it in favor of God and Christ. The question is which will you choose?

  • Georgiaboy61

    Among the many reasons for the economic collapse of the U.S., one seldom commented upon is that of the basic psychology of the common thief or bank robber to “go where the money is.” Expert safecracker Willie Keeler was once asked why he robbed banks, and he quite reasonably answered, “That’s where the money is!” During the long economic boom following WWII, the USA concentrated more wealth in shorter period of time than any nation in history – but we forgot to bar the door and lock the windows. The looters rushed in, suitably disguised as bankers, businessmen, politicians, bureaucrats, lobbyists and so on – and the rest is history. The carcass is almost picked clean now. There is a silver lining, however, which is that once we are broke and destitute, the looters will move on to fresh game, perhaps in China or elsewhere. We’ll have become an American version of Somalia by then, but at least the thieves may devote less attention to us. The moral of the story for us, should we have the chance to rebuild our nation, is to design our national institutions to be more robust in terms of moral and economic security. We will have to sacrifice some wealth and efficiency to do so, but these will be worth the cost in fewer sleepless nights.

  • howdydoody

    Whatever. Until all wealth is distributed evenly and people can live like humans, don’t expect much. Greed is universal. So is sin.

  • Mike Sanders

    I have been following this whole financial problem in the United States in relation to Bible prophecy. I read several articles that point to the US not being involved in the End Time events. One article refers to the upcoming events that will happen in the next year: http://howlongolord.com/?p=36

    Out of all the prophecies in the Bible, all have been precise and happened exactly as foretold.

    From Forbes Magazine:

    Muslim Prophecy

    forbes magazine link

    “Is Barack Obama the ‘promised warrior’ coming to help the Hidden Imam of Shiite Muslims conquer the world?” asked columnist Amir Taheri in Forbes. “The question has made the rounds in Iran since last month, when a pro-government website published a Hadith (or tradition) from a Shiite text of the 17th century. The tradition comes from Bahar al-Anvar (meaning Oceans of Light) by Mullah Majlisi, a magnum opus in 132 volumes and the basis of modern Shiite Islam.

    “According to the tradition, Imam Ali Ibn Abi-Talib (the prophet’s cousin and son-in-law) prophesied that at the End of Times and just before the return of the Mahdi, the Ultimate Saviour, a ‘tall black man will assume the reins of government in the West.’ Commanding ‘the strongest army on earth,’ the new ruler in the West will carry ‘a clear sign’ from the third imam, whose name was Hussein Ibn Ali. The tradition concludes: ‘Shiites should have no doubt that he is with us.’”

    The Khomeinist establishment in Iran sees Obama’s rise as another sign of the West’s decline and the triumph of Islam and the return of the Mahdi.

  • Mike

    I’m one of those Americans who has at least 10 credit cards. (Two of them are tied to my Hong Kong bank accounts– Bank of East Asia and Hang Seng Bank. The rest are from American banks). But this is not a big deal. Having a credit card is not a problem; it’s a good thing. In my personal experience, credit cards never EVER under any circumstances charge fees or interest, and they ALWAYS offer cash back bonuses or other perks. (I’m willing to admit that other people have different experiences, but I can’t live my life according to them. So I’m stuck with my own personal experience, however inadequate).

  • Mike

    #16… well, a phone call that would have cost you $20 in the 1970s costs you $0.20 today, and a computer that would have cost you $1,000,000 in the 1970s costs under $1000 today (and is about 98% smaller, too).

  • http://kippyatwork susan parker

    You have to be able to take care of yourself and many can’t. The government can not take care of you. Grow a garden for food, have a safe place to go and get a generator for power. Learn to sew to make clothes, get ready to go it alone again. Lean to hunt, fish and be self sufficient.

    • Vic

      There is a growing trend to think we can solve our problems with self sufficiency….It is true no government should be burdened taking care of all its citizens, but at this stage I am dissapointed to say you and I will never be able to “care for ourselves” where do you get “clean” non patent seeds to grow your own food, and well most people have no place to go if you have a mortagage, get a generator? which works on what fuel?, Lets get real, we can try prarie days but ultimately you have to go to walmart for the darn thread and needles for the dress you want to make…and last I go hunting or fishing and I will land in jail my friend…unless I wait my lottery and pay the fees to even try…. So, our problem still grows….but self sufficiency is a start…keep your consumption low, and be adaptive.

  • http://Google Andy

    Let me get this straight. We are a democracy and we owe trillions of dollars in loans that we cannot repay…to a dictatorship government? Am I stupid if I were of the opinion that dictatorships are founded on atheism and that our greed and collective crimes as a nation and selfishness demonstrated a course reflective of an atheistic attitude, and that we can no longer alter the consequences that have begun to unravel and we will soon collapse and be one day conquered and become a slave nation? And that as prophesied in the bible not even the rich will be saved by their riches from the wrath that is to come?

    • Robyn

      We are NOT a democracy. We are Constitutional Republic.

  • http://google.com Phil

    It is a shocking fact that “The wealthiest 1% of all Americans now own more than a third (33%) 0f all the wealth in the United States.”

  • Mike

    Nothing surprises me! I hate living in a world so bent on destroying itself! Nobody knows anything noone wants to know and knowbody cares!
    Someday we will realize that we should have done things to stop the flames of destruction before the world was enveloped in greed, worry, wars and poverty more then at any time since the dark ages! Ignorance is really the parent
    of destruction and not bliss at all! Many also believe that there is time to fix things or let our leaders fix this cause that’s what they get paid for but nothing could be farther from the truth! Noone likes being taken for a sucker but
    the American public is taken again and again and again and more nieve then that, there is none!

  • http://www.draimanformayor.co YJ Draiman for Mayor of La

    Americas financial sustainability begins with Made in America

    Americans must wake up and take action to protect our liberty and way of life.

    America must rejuvenate itself and become the huge industrial power it once was.

    It starts by re-inventing the wheel and building manufacturing facilities in the United States that employ Americans who produce quality goods at a competitive price with space age technology and modernization.

    Organized workforce and benefits has to be revamped to meet today’s economic conditions.

    Government and its bureaucracy must be reduced and streamlined. Rules and regulations must be revamped to be conducive to business growth and development.
    This is a must in order to increase employment and bring back America’s economic vitality.
    We could try to give tax incentives for products made in America. It brings revenues and employment, reduces financial drain on the government.

    “It is cheaper to save energy than make energy”

    YJ Draiman for Mayor of Los Angeles 2013

  • barbara wesley

    Does it matter? Really? We are overpopulating this world and soon enough there will not be enough…

  • Tim

    I don’t see the economy improving any,
    and it is a false hope to think that it
    will. And when people tell you that it
    will they are giving you a false hope.
    You need to be preparing for the worst.

  • bob57@yahoo.com

    our “leaders” don’t know what to do in any crisis, all they care about is filling their pockets with our tax dollars. they could give a care less. what people don’t realize is america isn’t what it used to be, the US used to mean something now it might as well mean my used toilet paper. what our forefathers worked for has all gone down the drain. many people don’t know this but criminals in jail have it made: free food, free health care, free everything. some jails even have pools and tennis courts.

  • Curtis

    You are not the only one leaving this mess up country

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