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.
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.
What’s going on with this site – there hasn’t been an update in over a week. Does anyone know?
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.
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.
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…
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.
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)
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.
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.
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.
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
“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!)
“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!)
Mondo:
I always enjoy your comments. You do a great job of putting things in perspective.
Michael
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.
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.
Please; to all of you watch the YouTube video entitled “The financial collapse of Argentina” full version.
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..
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?
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.
@ 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…
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.
I just think that what goes up…must come down,,,,every powerhouse will fall at somepoint…what goes down will go back up?
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
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)
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!!!!
Can’t say enough good things about this post and I just hope more people read it.
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!
oh, then google iclei and look at membership to see if your county has committed you to slavery or worse!
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.
Sieg Heil is the direction we’re heading.
FOLKS ALL IT WOULD TAKE TO SEND IT OVER THE EDGE IS FOR OPEC TO START USING THE EURO INSTEAD OF DOLLARS … NOBAMA 2012 …
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
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.
Harold, you seem to have some Biblical knowledge. Keep it up my friend, things are on the downward slope.
I’m afraid you are right Harold…..
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…
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?
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.
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!!!
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.
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
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.
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.
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.
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’)
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.
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.
Who is John Galt?
start learning how to speak Chinees, its a coming…………..
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”
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!
You’ve got it right brother.
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!!
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”.
YESSSSSSSSSSS
Amen!
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
Finally someone with a clue!
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.
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.
That only worked in a non-global economy. Since previous “booms” can be used to show the alternate conclusion your point is worthless.
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!
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.
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.
There is no solution when a majority of the voting public does not understand the problems. Collapse is coming, it is a mathematical certainty.
Can you say, “Fall-of-the-Roman-Empire-in-America”?
I think I need to immigrate to India or China.
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.
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
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?
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.
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.
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
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.
You got that right G.
AQUAPONICS
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.
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…
NUTS
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.
If only everyone could see that Paula.
It’s true.
Well said!
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
I CAN FIX THIS—-
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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