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58 Facts About The U.S. Economy From 2015 That Are Almost Too Crazy To Believe

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58The world didn’t completely fall apart in 2015, but it is undeniable that an immense amount of damage was done to the U.S. economy.  This year the middle class continued to deteriorate, more Americans than ever found themselves living in poverty, and the debt bubble that we are living in expanded to absolutely ridiculous proportions.  Toward the end of the year, a new global financial crisis erupted, and it threatens to completely spiral out of control as we enter 2016.  Over the past six months, I have been repeatedly stressing to my readers that so many of the exact same patterns that immediately preceded the financial crisis of 2008 are happening once again, and trillions of dollars of stock market wealth has already been wiped out globally.  Some of the largest economies on the entire planet such as Brazil and Canada have already plunged into deep recessions, and just about every leading indicator that you can think of is screaming that the U.S. is heading into one.  So don’t be fooled by all the happy talk coming from Barack Obama and the mainstream media.  When you look at the cold, hard numbers, they tell a completely different story.  The following are 58 facts about the U.S. economy from 2015 that are almost too crazy to believe…

#1 These days, most Americans are living paycheck to paycheck.  At this point 62 percent of all Americans have less than 1,000 dollars in their savings accounts, and 21 percent of all Americans do not have a savings account at all.

#2 The lack of saving is especially dramatic when you look at Americans under the age of 55.  Incredibly, fewer than 10 percent of all Millennials and only about 16 percent of those that belong to Generation X have 10,000 dollars or more saved up.

#3 It has been estimated that 43 percent of all American households spend more money than they make each month.

#4 For the first time ever, middle class Americans now make up a minority of the population. But back in 1971, 61 percent of all Americans lived in middle class households.

#5 According to the Pew Research Center, the median income of middle class households declined by 4 percent from 2000 to 2014.

#6 The Pew Research Center has also found that median wealth for middle class households dropped by an astounding 28 percent between 2001 and 2013.

#7 In 1970, the middle class took home approximately 62 percent of all income. Today, that number has plummeted to just 43 percent.

#8 There are still 900,000 fewer middle class jobs in America than there were when the last recession began, but our population has gotten significantly larger since that time.

#9 According to the Social Security Administration, 51 percent of all American workers make less than $30,000 a year.

#10 For the poorest 20 percent of all Americans, median household wealth declined from negative 905 dollars in 2000 to negative 6,029 dollars in 2011.

#11 A recent nationwide survey discovered that 48 percent of all U.S. adults under the age of 30 believe that “the American Dream is dead”.

#12 Since hitting a peak of 69.2 percent in 2004, the rate of homeownership in the United States has been steadily declining every single year.

#13 At this point, the U.S. only ranks 19th in the world when it comes to median wealth per adult.

#14 Traditionally, entrepreneurship has been one of the primary engines that has fueled the growth of the middle class in the United States, but today the level of entrepreneurship in this country is sitting at an all-time low.

#15 For each of the past six years, more businesses have closed in the United States than have opened.  Prior to 2008, this had never happened before in all of U.S. history.

#16 If you can believe it, the 20 wealthiest people in this country now have more money than the poorest 152 million Americans combined.

#17 The top 0.1 percent of all American families have about as much wealth as the bottom 90 percent of all American families combined.

#18 If you have no debt and you also have ten dollars in your pocket, that gives you a greater net worth than about 25 percent of all Americans.

#19 The number of Americans that are living in concentrated areas of high poverty has doubled since the year 2000.

#20 An astounding 48.8 percent of all 25-year-old Americans still live at home with their parents.

#21 According to the U.S. Census Bureau, 49 percent of all Americans now live in a home that receives money from the government each month, and nearly 47 million Americans are living in poverty right now.

#22 In 2007, about one out of every eight children in America was on food stamps. Today, that number is one out of every five.

#23 According to Kathryn J. Edin and H. Luke Shaefer, the authors of a new book entitled “$2.00 a Day: Living on Almost Nothing in America“, there are 1.5 million “ultrapoor” households in the United States that live on less than two dollars a day. That number has doubled since 1996.

#24 46 million Americans use food banks each year, and lines start forming at some U.S. food banks as early as 6:30 in the morning because people want to get something before the food supplies run out.

#25 The number of homeless children in the U.S. has increased by 60 percent over the past six years.

#26 According to Poverty USA, 1.6 million American children slept in a homeless shelter or some other form of emergency housing last year.

#27 Police in New York City have identified 80 separate homeless encampments in the city, and the homeless crisis there has gotten so bad that it is being described as an “epidemic”.

#28 If you can believe it, more than half of all students in our public schools are poor enough to qualify for school lunch subsidies.

#29 According to a Census Bureau report that was released a while back, 65 percent of all children in the U.S. are living in a home that receives some form of aid from the federal government.

#30 According to a report that was published by UNICEF, almost one-third of all children in this country “live in households with an income below 60 percent of the national median income”.

#31 When it comes to child poverty, the United States ranks 36th out of the 41 “wealthy nations” that UNICEF looked at.

#32 An astounding 45 percent of all African-American children in the United States live in areas of “concentrated poverty”.

#33 40.9 percent of all children in the United States that are being raised by a single parent are living in poverty.

#34 There are 7.9 million working age Americans that are “officially unemployed” right now and another 94.4 million working age Americans that are considered to be “not in the labor force”.  When you add those two numbers together, you get a grand total of 102.3 million working age Americans that do not have a job right now.

#35 According to a recent Pew survey, approximately 70 percent of all Americans believe that “debt is a necessity in their lives”.

#36 53 percent of all Americans do not even have a minimum three-day supply of nonperishable food and water at home.

#37 According to John Williams of shadowstats.com, if the U.S. government was actually using honest numbers the unemployment rate in this nation would be 22.9 percent.

#38 Back in 1950, more than 80 percent of all men in the United States had jobs.  Today, only about 65 percent of all men in the United States have jobs.

#39 The labor force participation rate for men has plunged to the lowest level ever recorded.

#40 Wholesale sales in the U.S. have fallen to the lowest level since the last recession.

#41 The inventory to sales ratio has risen to the highest level since the last recession.  This means that there is a whole lot of unsold inventory that is just sitting around out there and not selling.

#42 The ISM manufacturing index has fallen for five months in a row.

#43 Orders for “core” durable goods have fallen for ten months in a row.

#44 Since March, the amount of stuff being shipped by truck, rail and air inside the United States has been falling every single month on a year over year basis.

#45 Wal-Mart is projecting that its earnings may fall by as much as 12 percent during the next fiscal year.

#46 The Business Roundtable’s forecast for business investment in 2016 has dropped to the lowest level that we have seen since the last recession.

#47 Corporate debt defaults have risen to the highest level that we have seen since the last recession.  This is a huge problem because corporate debt in the U.S. has approximately doubled since just before the last financial crisis.

#48 Holiday sales have gone negative for the first time since the last recession.

#49 The velocity of money in the United States has dropped to the lowest level ever recorded.  Not even during the depths of the last recession was it ever this low.

#50 Barack Obama promised that his program would result in a decline in health insurance premiums by as much as $2,500 per family, but in reality average family premiums have increased by a total of $4,865 since 2008.

#51 Today, the average U.S. household that has at least one credit card has approximately $15,950 in credit card debt.

#52 The number of auto loans that exceed 72 months has hit at an all-time high of 29.5 percent.

#53 According to Dr. Housing Bubble, there have been “nearly 8 million homes lost to foreclosure since the homeownership rate peaked in 2004″.

#54 One very disturbing study found that approximately 41 percent of all working age Americans either currently have medical bill problems or are paying off medical debt.  And collection agencies seek to collect unpaid medical bills from about 30 million of us each and every year.

#55 The total amount of student loan debt in the United States has risen to a whopping 1.2 trillion dollars.  If you can believe it, that total has more than doubled over the past decade.

#56 Right now, there are approximately 40 million Americans that are paying off student loan debt.  For many of them, they will keep making payments on this debt until they are senior citizens.

#57 When you do the math, the federal government is stealing more than 100 million dollars from future generations of Americans every single hour of every single day.

#58 An astounding 8.16 trillion dollars has already been added to the U.S. national debt while Barack Obama has been in the White House.  That means that it is already guaranteed that we will add an average of more than a trillion dollars a year to the debt during his presidency, and we still have more than a year left to go.

What we have seen so far is just the very small tip of a very large iceberg.  About six months ago, I stated that “our problems will only be just beginning as we enter 2016″, and I stand by that prediction.

We are in the midst of a long-term economic collapse that is beginning to accelerate once again.  Our economic infrastructure has been gutted, our middle class is being destroyed, Wall Street has been transformed into the biggest casino in the history of the planet, and our reckless politicians have piled up the biggest mountain of debt the world has ever seen.

Anyone that believes that everything is “perfectly fine” and that we are going to come out of this “stronger than ever” is just being delusional.  This generation was handed the keys to the finest economic machine of all time, and we wrecked it.  Decades of incredibly foolish decisions have culminated in a crisis that is now reaching a crescendo, and this nation is in for a shaking unlike anything that it has ever seen before.

So enjoy the rest of 2015 while you still can.

2016 is almost here, and it is going to be quite a year…

  • Mondobeyondo

    As Winston Churchill once said, “This is not the beginning of the end, it is the end of the beginning”. In 2016, the other shoe isn’t going to drop. It’s going to be an anvil.
    “Laissez les bons temps rouler”. But you say, these are not good times.
    Heh heh heh. Ha!

    • RICHARD

      Your always on the Money Mondobeyondo, Personally I am surprised we have lasted this long.

  • Creepy Pedro

    The USA is a depressing country in many ways, Im only here till I can move out to S.America next year. Adios!

    • HM

      You can’t leave; they built a wall.

      • Creepy Pedro

        Not yet…..

    • So long

      How much would I have to give you to get you to leave tonight?

      • Creepy Pedro

        You dont have enough

      • Jim in Chiang Mai

        Hey big bucks, I left three years ago .. you wanna give me “back pay” for being smarter than the frogs left behind? No, you are just all talk.

    • SunnyFlaSnotress

      Power to you Pedro.
      Exciting geology in Brazil.. love the agates.

    • John Doe

      If its such a great place why do we need a wall to keep your ilk out?

      • John Byde

        Is “ilk” a caribou like creature?

        • SunnyFlaSnotress

          Let’s keep Creepy Pedro and put John Doe out.

          • Rorschach

            Let’s keep you out Sunny. After all shills and trolls such as yourself don’t deserve to be inside the wall. You should be just left there but nobody will want you.

    • John Doe

      Good. Take all your grease-ball relatives with you.

      • Creepy Pedro

        Merry Christmas to you too gringo.

        • merrileerj

          what’s the matter, did you get all the freebies from the U.S. you could, time to go home?

          • SunnyFlaSnotress

            Merrilee is crabby cuz her self-employed hubby doesn’t tell her about the bank account where he REALLY has his money stashed.. He buys her hotdogs for dinner and pays good money to his sexy gals.

  • recovery

    Another amazing fact about the USA is that there are plenty of people making 6 figure salaries. Plenty. There are now more millionaires than ever before and the country has never been better before. People need to stop complaining and accept the fact that the economy has recovered and people are now doing very well.

    So many jobs, so many homes and cars being bought. So many people are happy and have made a success in this country, that it truly brings a tear to my eye. America truly is the land of the free.

    • victor

      That’s why I see all these car commercials with big bows and ribbons, just in time for Christmas. I think I’ve been good, maybe one awaits me Christmas morning!!!

    • Bill G Wilminton NC

      America is the land of DEBT…….those new cars have 84 month payment books lol, and the houses are carrying huge mortgages.

      Our money has lost 97% of its value since the Fed Reserve Act was passed in 1913 ha ha what happens when it hits 100%….what a joke.

      100 million out of the workforce and 46 million on foodstamps. If it were not for foodstamps there would be SOUP KITCHENS in every city and town in the US. Then you could get a job as a circus barker with a plaid suit, pork pie hat and big long red sneakers and you you could tell all the people what a good show is in the BIG TENT.

      • So long

        Yet amidst all that we are still alive. Amazing.

        • Bill G Wilminton NC

          No, we are DEAD !…. except WE LIVE in CHRIST…………..

        • Joe Woolf

          I see it as perspective…. in 1928, there were many people like you saying that, “it will always be this way”….

          here’s the kicker…. we have not recovered from the 08 mini-crash……

          and because, it’s always been pretty good here is no indication that it will always be…. do you know, for example, that china and russia killed way more of their own people in the last century than wwii did even with all the jews that were put into ovens?

          So, it’s cool… I got your number and, that’s fine to think that way if you want to.

          but, you must at least admit that your grandparent also had a root cellar, right?

          maybe you should think about one?

    • K

      Well now we know 4 of the names the troll posts under. It would seem, your major goal in life, is to be annoying. Not much of a goal.

      • Mike Smithy

        I hope Media Matters isn’t paying him much as a propagandist tool because he is completely ineffective at making a persuasive argument.

    • Bob332

      Where do you live in the District of Corruption or the Land of Oz?

    • rant1200 .

      Spoken like a true 1%er.

    • Liberty First

      Perhaps you are from India or from Guatemala, one of those slave wage laborers who comes into the U.S., riding high on affirmative action laws that basically guarantee you a college education or a job if you are a minority and can tie your shoes, who took out a loan that U.S. taxpayers subsidized and then replaced those same good people in the job market? I am fortunate that I am doing okay, but if you think that this economy has recovered bro, you are one screwed up dude. Given your penchant for shoving it in other people’s eyes, I hope that you are first to go during the next round of layoffs.

      • Bill G Wilminton NC

        well said…………

    • Rick

      OK Alice.

    • John Byde

      Recovery, how can you say this? Don’t you know there are only 315 days left till September 2016? My poodle has just given birth to three-headed puppies and their howling at the blood moon above our house. Get real, guy!

  • recovery

    The USA is the best country in the world. People need to be more strong than ever before. This country has provided so many opportunities and dreams have been fulfilled.

    So many people in the neighbourhoods are happy and with the look of joy on their face, is making me cry as I type this. The economy has recovered, people are back at work, working more than ever before and making 6 figure salaries. Its beautiful.

    I love the USA.

    • victor

      Don’t forget, lots of presents under the Christmas tree.

      • Bill G Wilminton NC

        Hopefully a pistol or two………..and ammo.

        • Mike Smithy

          Lead is the new gold standard.

          • Bill G Wilminton NC

            ha ha lol…….you got it!.

        • victor

          Yeah, I like that, only God knows how long before you may have to use it.
          Just remembering old Charles Bronson, and his Death Wish movies, the vigilante.

          • Bill G Wilminton NC

            Always remember you mean for self defense I know that is what you are saying……….yup good ole bronson he is gone about ten years I believe…….

    • http://karmaeconomics.blogspot.com/ lavista4u

      Americans are good at Sarcasm …LOL

    • Bill G Wilminton NC

      REMEMBER THE FACTS OF 07…….They have not improved only worse !!! The joy your seeing might be the fact that they just came back from the pistol range.

    • I

      If the economy is so good why does the Salvation Army have there red kettle campaign year after year. If the economy is so good why are there always toy drives for toys for tots? If the economy is so good why are they filling police cars with groceries this time of the year? I think so many people get use to a free hand out they come back every year for there hand out.
      There are jobs out there if you look hard enough for one. I realize everyone’s circumstances are different but to have the same people year after year standing in line for a free handouts where not happening them at all

    • Liberty First

      Lol, what a moron.

    • jaxon64

      Recovery troll…. said, “So many people in the neighbourhoods are happy and with the look of joy on their face, is making me cry as I type this”..Thanks for the laugh, that was pretty good–I needed a chuckle and the over-the-top satire was perfect.
      Happy Christmas Eve everyone–and as “recovery” suggests, keep the joy on your face for this is the season we have chosen to remember the greatest gift mankind could have ever received. Candlelight services, quiet hymns of praise and gratitude, times with family, cookies and friends–and lights to represent the Light of The World who was the Word become Flesh-Emmanuel- the Prince of Peace and our Blessed Hope.
      God bless each and every one of you, even the trolls…

      • Bill G Wilminton NC

        Jesus Is Coming Soon……………..

        • SunnyFlaSnotress

          Pill is the hopeless online equivalent of a sandwhich sign bell-ringer

          • Bill G Wilminton NC

            If consistency is a virtue you have a battleship full……….ding ding

          • merrileerj

            lol…I wish we all, including myself, could manage to not respond to that sick looking avatar, maybe it would find some other site to troll instead.

          • Bill G Wilminton NC

            ha ha lol….. she is just a simpleton probably has no friends and no one to talk to……..so we are the lucky ones lol

          • Rorschach

            She’s a paid troll. Note the upvotes by her of other troll comments as well.

      • SunnyFlaSnotress

        lots and lots of beautiful neighborhoods around here.. if they’re doing badly, they’re fooling me

    • Rorschach

      You are a broken record recovery. So when the economy falls apart you will take those words with you to the mental asylum.

  • Rufus T Firefly

    I’m doing great and I am having laughing at these losers. Har dee har har.

    • Bill G Wilminton NC

      Remember O7 FINANCIAL COLLAPSE the only one laughing then was Ben Bernanke…….at all the fools who believed the dream…….and HE never lost HIS job….now that is really a Har dee har har

      • SunnyFlaSnotress

        well, i was laughing as I daytraded Lehman.. I had already prettymuch pulled out of the market in expectation

        • Bill G Wilminton NC

          Glad to hear that………..you are just a genius.

          • SunnyFlaSnotress

            Thank you.. you know they never did give me my IQ scores after transferred HS’s and I never pursued it.. not that I think I’m a genius ..just saying

          • Bill G Wilminton NC

            Sorry but I meant geniass……

          • SunnyFlaSnotress

            whatever,Pill

          • Bill G Wilminton NC

            YUP…………..

      • Rufus T Firefly

        When the 2008 Wall Street meltdown happened, I increased my 401(k) savings because I KNEW the market would come back like it always has. You got to keep your eyes on the prize, tinfoil hat wearers. Now I’m a happy 10%er.

        • Bill G Wilminton NC

          What the gov did was illegal…..the banks should have taken the hit.

          Iceland had the same situation but the people said no bailouts. The too big to fail banks folded and took the hit. Iceland was back in action in a bout 1 1/2 years and better than ever without the BANKS DEBT which THE BANKERS had planned for them to take. The Bankers all went to jail and a check was just sent to every Iceland citizen from the liquedation of the banks.

          The Iceland way no debt to the people and the bankers went to jail the American way ALL the debt to the people and no one went to jail.

          We are now so in DEBT that when this blows and its going to…..we are finished.

  • Lao Tzu

    Was not there a prediction of an apocalypse of some sort in this site, about six months back?

    Or will someone play with the word ‘apocalypse’, claiming the 3-4% year over year correction of S & P 500 as such?

    • Bill G Wilminton NC

      How short are memories…….In 07 Ben Bernanke then Chairman of the Federal Reserve SAID right before the FINANCIAL collapse. Congress was told if nothing is done THERE WILL BE TANKS IN THE STREETS. That was 8 years ago……….so ha ha lol…..do you get it ?

      • Lao Tzu

        Yeah, precisely. So this site prides itself in being an equal of Bernanke? Haha LoL. ROFLMAO!

        • Bill G Wilminton NC

          No Michael gave a warning…….for those that listen…..was he too early maybe, better than being too late.

          • You know who I am.

            WRONG! Timing is of EXTREME importance when giving a warning. Warning of a tornado and being wrong on the timing by years is useless.

          • Bill G Wilminton NC

            I don’t believe that you will get this but we will try…….a very successfull trader when asked what he attributed to his phenomenal trading success answered ” I ALWAYS SOLD TOO EARLY “.

            If people listened to Michael they got out of the market EARLY no harm in that.

      • SunnyFlaSnotress

        When I was in NC, there were occasional military vehicles in the street.. and Ku Klux Klan marches etc.. interesting for someone from NY.. and no, I’m not ancient history.. I think the marches may have stopped,but I’m not sure..lemme google.. probably in the smaller towns now..tough to tell.
        I’m glad I wasn’t so annoyed at the rightwing back then.. I worked on an awful lot of churches.

        • Bill G Wilminton NC

          Gee you are right……I saw the HIGH SCHOOL MARCHING BAND at the Thanksgiving Day Parade they were marchin all over the place !……so you are right again they are still MARCHIN down here ! ! not easy being a GENIASS.

          The work on the churches ARE YOU A ROOFER I heard those steeples are tough.

          • merrileerj

            LMAO!!!! He no doubt does well with fire also…

          • SunnyFlaSnotress

            Snotress..feminine form.. check the dictionary :giggle:

          • SunnyFlaSnotress

            Pill, be real, HS band aside, the Ku has a real presence. Diversion doesn’t change reality.

          • Bill G Wilminton NC

            The Ku as in “Ku Mang Ding” my favorite dish at HOP CHOWS chow palace in Raleigh, NC.

            I always say more Ku please ……..yes sir plenty of Ku’s alive and well in NC

            Also I have a cousin last name Kuchowski and we call him Ku. He has 16 kids so he’s got plenty of Ku’s running around also.

          • merrileerj

            Kudos. Wow, 16 kids, he’s almost got a tv show hasn’t he….will/are they taking care of him in his old age?

    • alan

      I think its a slow motion train wreck taking years to play out. Mean while loot all you can loot. Then the same people who created this mess will be the same people who try to rebuild the collapsed economy with another ponzi scam.

  • The next crisis

    I just watched the movie The Big Short. Wow was that eye opening! I knew some of that stuff but that movie made it crystal clear. It is amazing how the whole system collapsed because of the sub prime mortgage bubble that blew up with all the CDOs and mortgage backed securities compounding the problems.

    Things look very scary now with the global economy slowing down and ZIRP and infinite central bank stimulus. My question is what will cause the next collapse? With the sub prime crisis it took years and years to collapse because of the fraud and deceit by Wall Street bankers. The next crisis looks like another act that could go on for years… What will bring us down this time? And how long can Wall Street and central banks cover this one up?

    Thanks for your time and love the info!

    • Bill G Wilminton NC

      Well said……………..

  • http://karmaeconomics.blogspot.com/ lavista4u

    This is what happens when you chase money and better life. Only true path for humanity is SPIRITUAL.

    Suit yourself – With history repeats itself con, everything is cyclical in nature and what goes up must come down SCAMS.

    There is no suffering in spirituality, you find your love of your life on this path easily, you don’t need tinder to sleep around till you find the one. You get all necessary help from NATURE to go higher up in life.

    Guys, reject money – before it rejects you with strings attached.

    Be always happy 24/7 with spirituality.

    • alan

      Works fine until you get hungry.

  • VigilanteCaregiver

    Mike, here’s a good start for those having economic difficulties: providentliving . lds . org

    Employment, temporary assistance (food and utilities), basic financial training, job training, health, disability assistance, emergency preparedness, etc.

    Helped me a lot with keeping my family going through the wife’s disabilities and family issues.

    And one doesn’t need to be Mormon to get benefits; just be someone who is working hard to get back on their feet qualifies.

  • Richard

    “#55 The total amount of student loan debt in the United
    States has risen to a whopping 1.2 trillion dollars. If you can
    believe it, that total has more than doubled over the past decade.”

    Is that true, even if I CAN’T believe it?

    • Richard

      “When
      you look the cold, hard numbers, they tell a completely different story.”

      What about when you don’t look at them? What do they tell you then?

      Why not just write. “The cold, hard numbers tell a completely different story”?

      • Oren

        Who is that one who give lesson to others on how to write on their own blog?
        Oh, yes, it is the little “Mother Theresa of English language”, the “Mister Perfect of Grammar”
        Comment on the data and the fact, stick to the article and keep your egocentric discourse for yourself. This is not an English Class.
        And if you don’t like the way Michael lay down his words, Write your own f**king blog Mo*on

        • Richard

          Spoken like a true American! Mediocrity writ large. Let’s all dumb down the language and bow down to the lowest common denominator. Congratulations, Oren!

          But then, of course, Michael loves to emote and pull the heart strings until they snap. Hey, (M)oren, why don’t you go and join Tear Jerkers Anonymous.

    • Bill G Wilminton NC

      YUP those numbers are accurate……….and this debt cannot be dissolved by a bankruptcy……a total scam to control the young people.

    • alan

      A lot of smart people walking around these days!

    • True Grit

      They arbitrarily raised my wife’s student loan from 26,000 to 58,000 because she went in to default. They think she owes 58,000 now! We don’t

    • merrileerj

      Don’t worry, if Hillary is elected or any democrat the student loans will be wiped clean. Gee, I wonder who will pay them…

    • Bill G Wilminton NC

      YUP its True……….and its growing. “THEY” the Elites have captured a whole generation in a web of non defaultable DEBT…….a plan from the pits of hell.

      My wife and I had a conversation with a young server at a local cafe. She was so cute and attentive one could not help but wonder what her life plans were. We chatted and she explained that she was a dental assistant and she was 38 K in school debt and was going back to school and figured she would be over 100K in debt when her schooling was finished This was explained so nonchalant and blase that when she left the table we were speechless. Throw in a car payment, rent and medical and she is at 2500 easy without food gas etc. By design the younger generation is captured to debt.

      • merrileerj

        Not if a Dem becomes president. They’re going to wipe out all student loan debts. Wonder who will pay for that…hmmmmm

        • Bill G Wilminton NC

          Cud be you are right…….I like the way you analyze…..thanks

      • Richard

        So if it’s true ANYWAY, why does Michael have to add the proviso that it’s true only if I can believe it? Does he really mean that?

        • Bill G Wilminton NC

          You’ll have to ask Michael.

  • J B

    It’s kinda funny that people are living paycheck to paycheck because the Banks are living QE to QE, and we led to believe this is a healthy economy.

    • Bill G Wilminton NC

      Keep speaking the TRUTH………maybe it will help…maybe but I read posts on this site that are total BS and misleading people.

    • SunnyFlaSnotress

      I see Mike is playing w/his boys…. numbers again.

      • jhowell882

        the troll is here again ^^^ his lover must have left him

        • SunnyFlaSnotress

          Snotress..feminine form.. check the dictionary :giggle:
          I am currently at my lover’s place

          • Richard O. Mann

            If I were a younger man, I would chase Sunny around the table. Or, she could chase me.

          • SunnyFlaSnotress

            LOL…:giggle::

          • Al

            Can I ask a simple Question to you, if you do not agree with the Hypothesis proposed here by Michael. Can I ask you to supply a theory of what you think may or may not happen financially in the US, and Indeed the world? I have read many of the things that you say but they are all Barbed comments that literally go nowhere.

          • SunnyFlaSnotress

            If you seek answers, don’t lie and insult. I do more than poke.. though I do like to poke.

          • John Byde

            I hope he’s a dentist.

          • SunnyFlaSnotress

            lol.. You know some people strive to get this look.. I’m naturally fangy.

      • hai li

        what do you mean? Mike has links to all his numbers and those numbers are from someone else, even from MSM. I am ultimate optimistic person by nature. But something is very wrong about this country. Ordinary people is mentally, spritually, physically sick and financially broke. that is why medical expense is too enormous and keep growing. number of Foodstamp recipients is high and going higher.
        So, unless you have something to back up your rosy opinion about this country’s economy, well-being to contradict mike’s then please provide link and proofs. otherwise, your opinions are merely uneducated guesses.

        • SunnyFlaSnotress

          Who the heck said I have a rosy opinion?

          • hai li

            his articles are mainly doom and gloom. you basically refute or make fun of his articles. again i am not all that doom and gloom, but a person with a sense can feel something very wrong, extremely wrong about this country. And those numbers, from someone else and MSM, indicate that. Sad and Tragic. He just raises awareness of the well-being of this country. that is all

          • SunnyFlaSnotress

            I make fun of ASPECTS of Mike’s Gloom and Doom.. In particular his tendency for ill-timed and overly dramatic predictions that end up being blatantly WR.. not correct. (Mike deletes comments when he is called out for being WR.. not so correct) Also, he and others mix in their personal/religious bias that I don’t believe in and tend to be off-topic even apocalyptic.. so I have my fun.

          • Lennie Pike

            weak and lame.

          • CASTIEL

            no……you are just mentaly unstable….and came here only to insult and make fun of people who opened their eyes about this corrupted system ……you are a troll like that dog named recovery…a sheep that refuse to acept this current situation.

          • SunnyFlaSnotress

            You are a slimey gun-toting toad.

          • CASTIEL

            really???? go find a shrink….crazy girl

          • SunnyFlaSnotress

            you are socially rejected in your weird lil european country that you are ashamed to mention

          • jj.

            you are really a weirdo bud. really. you think and talk as ugly as you look. why don,t you bother someones else,s blog goofball

          • geoffandmarie418@aol.com

            America no longer has what it takes to make it out of this downward spiral!!!

      • bc

        Keep drinking your cool aid. Everything is fine.

  • afaar

    I want to make a prediction: the more Recovery will post, the closer the collapse will be.

    • Bill G Wilminton NC

      haha lol……..YUP

  • mtntrek3

    I for one wish a collapse would never happen, but as I and some of my friends have been saying for the past several years………. we’re on an unsustainable path nationally and worldwide. Big banks, big corporations and big government are the “unholy trinity” orchestrating this mess we’re in. Keeping my faith in God above to the best of my ability as a sinner saved by the grace of God.

    • Bill G Wilminton NC

      Well said……..Brother…….He Is Coming Soon !

  • alan

    Lower the poverty line to $10,000 for a family of 4.
    Then redefine full time employment as 20 hours a week.
    Since welfare is income then you are now employed by the government.
    Now things look a whole lot brighter. /sac

    • Bill G Wilminton NC

      ha ha lol………….that is a good one……….I needed a laugh.

    • Philosopher

      It is called a guaranteed income. Norway is looking at that now. Everyone gets a basic income and can work on top of that with no penalty. The USSA is basically a full-blown socialist / communist country now. Only a matter of time.

  • John Byde

    Thanks for cheering us all up, Michael. May your predictions be completely wrong in 2016 too! No man knows the day or the hour except God.

    • SunnyFlaSnotress

      lol..

    • Bill G Wilminton NC

      The Truth is just the Truth…………..May Jesus Come Soon And Take Us Out Of This Septic Tank….glub glub glub

  • im4truth4all

    It all comes down to morality and this country as lost its moral compass. I am almost 73 and, in my opinion, have never seen an administration as corrupt as this one.

    The American population has embraced corruption. It seems to me that we have passed the point on no return. Time will tell.

    • Bill G Wilminton NC

      Our Country Has embraced The Man Of PERDITION !

    • Harry Merkin

      I wish I were your age. I’m 53 in 2 months. I’m going to see some bad things before I pass.

      • Plextt Plextt

        You may find this hard to believe, but a positive mindset would provide you with a more rewarding outcome.

        • SunnyFlaSnotress

          Well said.

        • Joe Woolf

          positive mindset == cognitive dissonance sometimes. ( when approaching facts and new data to resolve )

          • Plextt Plextt

            No kidding, and all along I thought that that was common knowledge.

        • merrileerj

          RRrrrrrrighttttt, let’s all skip down the road with our 5 day suckers in our hand LALALALALALALA …..(can’t hear you, everything that is happening….)

          • Plextt Plextt

            That is precisely what the sheep in front of you would say. You get an A+=)

      • John Byde

        We probalby are Harry, but God predicted it all and we’ll be fine if we stick with him. By the way, I’m 53 and envy your apparent healthy looks.

        • SunnyFlaSnotress

          He looked like a fat kid yesterday. Today’s picture makes him look like a geeking space cadet.

      • SunnyFlaSnotress

        You wish you were 73 instead of 53…lol..

      • Joe Woolf

        That’s a funny handle Harry!

        I wanted to write a blog…. maybe I will sometime called the “Merkin Spring”…. lol

        HINT: if you don’t know what a, ‘merkin’ is…. look it up.

        • merrileerj

          LOL! I looked it up, wouldn’t have guessed that definition in a million years.. Wouldn’t have thought there’d need to be a word har har.

    • Ricardo Fontanot

      I am certain, because I have studied it in depth, that the solution to our world problems is not economic or political in character, but spiritual. That is the only solution, period. And that needs everybody of us to change beliefs. We don´t need negative bible interpretations, where death and suffering is interpreted to be the fate of non-believers, in God, Allah, and many, many more “Gods”, when there is only one in there (in your heart, not “out there” as the religious leaders teach). Jesus Christ lived in a society where what we now define as Old Testament was the rule of a God that knew revenge against beings of his/her/its own creation. Jesus went to the temple when he was very young and said: “You say one thing and do a very different one”. Same as Obama, Peña Nieto, etc., etc., etc. Don´t believe in misinterpretations of the Bible or any of those “old” books. Just believe in something very simple to say, very, very, very difficult (apparently) to do: Love others as you love yourself. Don´t do to others what you don’t want others to do to you. Very simple to say. NOTHING (I REPEAT A MILLION TIMES) NOTHING more is needed. CHANGE YOUR BELIEFS. If you continue believing what we humans have been believing for thousands of years (The Law of The Strongest, that there are better human beings than others out there, that changes to the economy or to democracy are the solutions, etc., etc., etc…), we will get the same results. The US ruled the judgements in Nurenberg, and do maybe worse crimes than what they fingerpointed at. Change your most intimate and basic beliefs. We were not born as sinners (under the “primordial sin”)! I was born under the “primordial blessings” and are made to the image of God. I am the way, I am the life, follow me!

      • Plextt Plextt

        I thought that we, as a whole, are entirely responsible for the outcome of our everyday life. Imagination can be extraordinarily rewarding if it is not done in a way to allow the idea of a higher power to control our destiny.

    • John Byde

      That’s it. I have the impression that in the past there was always a reasonably sane majority, but no longer. I have friends who think Obama is one of the great presidents of US history. With that kind of delusion, it’s easy to give up hope.

    • Joe Woolf

      I believe what you believe, Sir.

      I’m 51yrs old and, I’ve come to the same conclusion.

  • Rick

    Michael, the country doesn’t care! Don’t you know there’s a big party going on.
    When you say “this generation” wrecked the economy, I’m assuming that means all federal politicians, and most high end executives at large corporations. And we’ll throw in the Federal Reserve folks just to round it out. I know a lot of middle and upper class people from 40-85 age range that have done things the right way, the prescribed way over the years, and then been penalized and devistated by the new rule makers in DC, and regulations that are only meant for those who actually have something. It’s called socialism, communism, and fascism. We didn’t start it, we never approved of it, and I know most of us never will. So if you use the blanket term “this generation”, please also make the disclosure “with the exception of Mainstreet, Conservative, Bible Loving, Gun Toting, Gold Hording, Common Sense, Do Right people.” There are still a few of us out there.

    • Bill G Wilminton NC

      Well said…………Brother.

    • John Nickerson

      I am one of them!

    • jaxon64

      Yep—did everything right and can’t get interest on my savings, crossing my fingers that the 401k’s and IRA’s won’t get looted, hoping my precious metals won’t get confiscated and praying my property taxes will stop going up.
      Raised 2 responsible kids who worked while in college, never been involved in drugs, never had handcuffs on their wrists and are both responsible, productive members of society living on their own in their mid to late 20’s.
      There are many of us who have messed up and some of our kids have made poor choices.. but the majority of us conservative, bible believing (and bible living) members of this generation have just quietly kept our eyes on the good path and are the last vestiges of stability in our unraveling country.

      • SunnyFlaSnotress

        You got all that and you’re still whining.. sheesh..

        • Bill G Wilminton NC

          SunnyFlaSnotress Why don’t you put a SOCK in it !!

          • SunnyFlaSnotress

            I don’t want to.. nyah nyah
            You don’t like my posts, go elsewhere

          • J.L.W

            I looked up your comments, and it seems that the only place you have ever posted is economic collapse forever! You just troll economic collapse and have no other disqus activity, apart from one singular natural news comment.

          • SunnyFlaSnotress

            you don’t look hard enough..
            i post on other sites too.. My other favorite fruitcake site is SteveQuayle dotcom, but he doesn’t do blogging so i have to blog on his posted links.

          • J.L.W

            Scrolling through your Disqus comments only shows comments at economic collapse.

        • jaxon64

          Nope–no whining in my entire life, just humble gratitude.
          My post, oh hateful snotty one, was in reference to having spent a lifetime ensuring that I would never be dependent or a burden on society. Yet with our increasingly Marxist government taking and redistributing and in concert with the greedy bankers and 1% who want ALL of the pie, I only expressed my desire to enjoy the fruits of my lifetime of labour…Merry Christmas to you and like the Grinch in the cartoon, I only hope that that shriveled heart of yours can grow 10x and you may have some kindness and empathy some day.

          • SunnyFlaSnotress

            Whining.. a rose by any other name

          • merrileerj

            Jaxon I’m sure your post was taken as it was meant to be, snotface satanface just likes telling people off because he doesnt’ have anything better to do besides checking his mailbox for his welfare check.

          • SunnyFlaSnotress

            Snotress..feminine form.. check the dictionary :giggle:

          • J.L.W

            Also, from going through your comments I’m calling the ‘feminine form’ thing:

            Snotress:’Well good.. then maybe you won’t feel the need to go off topic so many times about your unresolved female issues.’

          • SunnyFlaSnotress

            I didn’t say you were female, I said you have female issues.

          • J.L.W

            You were addressing someone else.

          • The GOOSE

            I use to think I had problems.

          • SunnyFlaSnotress

            I’m glad you gained self-clarity.

          • AzDi

            Amen!

          • Lennie Pike

            Youtube: search “Mormon Tabernacle Choir O Holy Night” and watch the 6:28 version, and then watch the music video from INXS “Devil Inside”. Check out the faces of the people in both – who are the happy ones, the stronger ones, the confident and fearless ones, and the victors? – which side to you want to be on? Why do you choose that which is obviously the wrong one? Actually, I recommend watching INXS first to save the best for last. Yeah, I decided to speak to you one more time – it’s Christmas!

          • Lennie Pike

            Speaking to you indirectly of course.

          • Joe Woolf

            didn’t the leader of INXS… the singer…. didn’t he have some unfortunate death?…. like with a belt and some sexual perversion where he strangled?

          • Lennie Pike

            I think so, thanks for the link, and Snot, I was talking to you.

            It was “unfortunate” and I know it’s so easy, and even makes sense to call addictions a disease, but there is still a Choice and the only way to end addiction is for an individual to make that Choice.

            What are the chances one of these six drugs found in his system were marijuana?

            I think at least 50% of Americans smoke marijuana – the most insidious drug – probably The Tree Of Knowledge Of Good And Evil.

            George Soros endorses it’s use because it’s users can be easily led, lied to, and controlled with no inkling that it’s taking place.

            Do it, and you will have no desire for God in your Life.

          • Lennie Pike

            And no desire to defend your country from people like George Soros.

          • Lennie Pike

            Words ARE weapons, sharper than knives, but I like to bring a gun to a knife fight.

            I’m really starting to hate this Lennie Pike guy.

            Merry Christmas.

          • SunnyFlaSnotress

            You’re weirding out even more when you argue with yourself.

          • Lennie Pike

            Arguing with myself? More like low comprehension and perception skills, and short attention span on your part but you’re not alone especially in the U.S., so just ignore what I just said – you won’t notice anything is wrong until TSHTF.

            You’re also still running and hiding – from the Christmas Present I gave you – but…………..

            You can run, but you can not hide

            Throwing you back in, bye.

          • SunnyFlaSnotress

            Where did addiction become a topic? I call Non Sequiter. Put down the bong.

          • Lennie Pike

            It was part of your Christmas Present from me but originated from you and and was a response to your response to… well to pretty much everyone who you respond to. But if you were as perceptive as you think you are, you could figure out where the topic originated – but your not.

            Your present was the two music videos I recommended – one with people that remind me of you, and from a music group from the early 90’s named INXS (in excess) that had a drug addicted lead singer. Did you even open your present?

            Wake up.

            I put it down 25 years ago and am now a member in a choir. In other words, I read you like last years Sears Roebuck Catalog and it’s not very interesting.

          • SunnyFlaSnotress

            Your post was a Christmas Present?
            You flatter yourself.

          • Lennie Pike

            Exactly wrong again.

            And weak and lame.

            You don’t ever get embarrassed do you?

          • Lennie Pike

            Very bad comprehension skills – one more time – the two music videos were the Christmas present, not the post.

            Did you open the present? Show a little courage. What effect did my present have on you. Let’s hear the results.

          • derek sibert

            So you’re a Mormon now?

          • SunnyFlaSnotress

            I keep telling people I have no kindness and empathy and they never believe me.. Thank you for validating me

      • Bill G Wilminton NC

        Wow jaxon64 great job…….when I was of college age we all worked our way thru….never thought that there was another way lol.

        God Bless

      • Philosopher

        Crossing your fingers that the 401k and IRA won’t get looted is stupid. Of course they are going to be looted. Look at Cyprus. (Test run). Look at Greece, heck look at most of Europe as there are capital controls in most European countries now. There are in the US, too. Try taking out more than $5,000 and your friendly banker has to file an SAR (suspicious activity report) on you. Try opening a foreign bank account. Basically you can’t because the US has bullied foreign banks into reporting the assets of US citizens to the US to prevent tax fraud.

        Finger crossing isn’t going to save you or your income and investments. I would take the tax penalty and dump them all. Physical possession is all that is going to matter. That and your ability to defend or hide what you own and to protect it from the thieves. Land where you can grow food or where you can hunt food and PM’s that you keep are all that is going to count.

        The USSA has gone full-blown communist and they are not going to take what the top 20 richest people have, oh no, they are going to take what YOU have and give it to the poor (supposedly).

        • Joe Woolf

          I think you’re right and, I have done a few things to protect myself but, removing my 401k isn’t one…. I’ve taken it out of the market but, I haven’t taken the money out….. if everything goes all at once, I’m done but, if I see it crashing and withdraw what isn’t in the market, I’ve got a chance to get it….

          Regardless, you’re right…. it’s just hard to know how bad it will get and how fast it will drop and, when it will be, right?

          I’ve got at least 6mos cash in a small credit union and my investments, as I described…. and, of course more physical metal than I weigh in pounds locked away. So, the way I see it is that, unless you’re all in and go to only metals then you have to make decisions about investments and how to handle them…. I’m keeping cash in a small credit union in case of emergencies….. the rest will always be a gamble, right?

      • SunnyFlaSnotress

        Merry Whinefest to you!

      • Joe Woolf

        I think I’m about where you are, jaxon.

        My 401k is parked at the moment, it’s not in the market but, I haven’t taken it out either.

        I’ve got metals that I keep in my possession that are locked up but, that doesn’t mean that they won’t just make them illegal to own at some point.

        Moved out of town too about 4yrs ago but, I’m not sure you could ever be far enough away from the mess but, I’m quite sure that it’s better to be where I am than in a city somewhere.

        So, 7mi from a gas station isn’t always ideal but, it’s quiet out here, I can see every star in the sky and, that is at least a little peace of mind.

        It’s just hard to know how bad it will get… I know something is coming but, how bad?

        Meh, I’ve done about what I can do. I still have to work and, you can’t stop life because you know that something will happen….

    • SunnyFlaSnotress

      “”with the exception of Mainstreet, Conservative, Bible Loving, Gun Toting, Gold Hording, Common Sense, Do Right people.” There are still a few of us out there.
      Oxymoronic statement

      • Joe Woolf

        I have lived all over the country in my 51yrs on earth.

        what I have learned in that time is that some places in the country think different than other places in very large ways.

        For example, my perish sheriff where I grew up in S. Louisiana had a rifle team that would go around and compete against universities…. you could take the classes in Jr. High and get into the club but, you had to be better than everyone else to get on the team….. you’d get your hunter safety training that way and every Sat. morning, you’d go to the range to win your NRA awards and maybe earn you way to the shooting team.

        My point being that, in Calif. to own a gun is to be mocked and spurned by everyone you know there…… I lived there in the Bay Area for several years too.

        At this point, I live in the country and, I have to shoot coyotes and, at the same time, I write software for a living….. so, I hope you see where I’m going with this.

        I’m one of those Gun Toting, Bible guys and, believe me…. city people get the same reputation out in the country….. if you don’t know how to sharpen a chainsaw, run an auger or bushog/boxblade it’s the same stereotype but in reverse….. if you own land, you’d better know how to take care of it.

        Despite what many city dwellers think, country people aren’t stupid for the most part. Most have chosen a different way to live….. I’m one of those guys with one foot in each world.

        • SunnyFlaSnotress

          you don’t expect me to really want to read and absorb all that, do you?
          ..not happening

          • Jill

            Would it not be more prudent to simply not respond with a comment that basically admits to a poor attention span and a deficit of comprehension?

          • SunnyFlaSnotress

            You confuse short attention span with “i don’t give a ding-dong”

          • CASTIEL

            what a big idiot you are….so many good people die…..and people like you tend to stay alive…

          • Rorschach

            CASTIEL you can probably just imagine Sunny who is 600lbs trying to outrun a horde of zombies. She (if she is even a she) will have difficulty surviving in a situation where government welfare and dependence is not possible.

          • merrileerj

            Of course it would. But it thrives on responses to drool & be rude about.

    • Joe Woolf

      I believe this sickness started around about the time of the 20th century….

      Think of where we were in 1900 and where we are now with corruption.

      Back in 1900, the govt. had to sell bonds before it could build a road or a tank…. Also, in 1900, there was no such thing as a lobbyist….. Our money was backed with something also.

      It wasn’t until govt. meddling that the corruption took hold and started to rot the system from within.

      I think we’re finally at the point where the parasite is going to kill it’s host.

      • Rick

        Joe, much of what you say is true. In my estimation the primary events were the creation of the Fed in 1913, and the illegal amendment that wasn’t ratfied properly that allows for government taxation. Everyone yaks about the destruction of the dollar, but hasn’t that already been accomplished? Since 1913 our dollar has lost 97% of its purchasing power. If that isn’t destruction, I’m not sure what is. To put it another way, think of this. In 1920 you could buy a very fine suit for one gold ounce coin. Today you can buy that same fine suit for about an ounce of gold as well. So you see, the value of gold has not changed. It retains its same purchasing power. The value of paper dollars has changed tremendously. You can no longer use $20 to purchase that suit, now it takes $1,000 or more. The Fed has inflated the dollar literally to death.

    • randy wellman

      party like it’s 1941!!!

  • MichaelfromTheEconomicCollapse

    Yes, we are in the last days of “normal life” in America.

    As for your allegations, where did I ever predict that electricity would not work, the water would not run, gas would not be at the pump, there would be no food in the stores or money at the ATMs by the end of 2016?

    If you are going to criticize me for something that is fine, but please do not put words in my mouth.

    Michael

    • You know who I am.

      You did not predict it but you certainly put that thought out with your articles.

      • Gay Veteran

        in other words now you’re just making it up

    • You know who I am.

      You should allow the countdown guy the courtesy to finish. What can you possibly loose?

      • SunnyFlaSnotress

        Yeah! What He said!

    • SunnyFlaSnotress

      damn, i’m away from home &don’t have all my scripted text that Mike always deletes.

    • Michael Dubin

      Sorry for coming off as rude, and I wasn’t trying to put words in your mouth. I have been a reader of yours for a number of years. My point is that with the extreme manipulation and money creation the Fed and PPT can keep this thing propped up for much longer than most people think.

  • LWZRGHT

    If 20 people have more money than 150 million people, maybe its time to raise the taxes on those 20 people. Get rid of special rates for capital gains and charge taxes on investments like they are income (because they are.) Use the tax revenue from those new taxes on the super wealthy to pay down principal of U.S. debt.
    Half of this post is about income inequality. We agree on the problems but not necessarily on the solution.

    • SunnyFlaSnotress

      Then the 20 people move to a country where their money is worth a lot more.

      • Bill G Wilminton NC

        Eliminate Foundations and the kids will lose all the wealth in two generations……..this is called suspenders to suspenders in two generations.

        • SunnyFlaSnotress

          I hardly think that the rich are hogtied to foundations when they have all sorts of crafty methods of channeling money abroad

          • Bill G Wilminton NC

            There are trillions and trillions in the foundations, ford, firestone, etc

          • Philosopher

            Not to mention the endowment funds for places like Harvard and Yale. But those schools still allow poor students to go into debt — for life. Bad choice for those kids. Bad, bad choice.

          • Bill G Wilminton NC

            well said…………

    • Bill G Wilminton NC

      Taxes should be paid on capital gains and investments.

      Focus on ways to radically raise the income on the 150 million not lower the income on the 20.

      There will always be wealthy people.

      Shalom

  • http://www.coroflot.com/joelpeeters/portfolio Joel Peeters

    And that is mainly US data… if we put the US tree, in the Global Forest we have an enormous mess on our hand…

  • Mr. Jameson

    I wonder JUST WHAT exactly it would take to actually wake this country up and say “enough’s ENOUGH!!” “I’m MAD AS HELL, and I’m NOT GONNA TAKE IT ANYMORE!!” Oh well, daydream time is over, back to sleep…..

    • HeyAHuman

      It would probably take nukes going off right at home, since most people live in a perpetual state of denial.

      • Philosopher

        I agree. Either direct nukes or tactical nukes which turned off the grid or a cyber attack where the grid was hacked. Oh last week I saw two reports about Iran hacking the grid in Cali and NY. If you turn of the power most people would be lining up at the nearest FEMA feeding station within 7 days. “Nine Meals to Anarchy” talks about this.

        • HeyAHuman

          Very interesting. I’d imagine that, with the power cut, you’d see robbery and violence within 48 hours in cities.

  • DJohn1

    Yet every retail store in the area yesterday was full of people buying Christmas Presents. The parking lots were full even as late as midnight.
    The roads were heavy with traffic all over the area.
    Tonight the churches will be holding candle light services celebrating the birth of Jesus.
    Something is definitely not right!
    Despite every fact you have mentioned.
    The lines at WalMart were back to the merchandise.
    And the carts were often filled with hundreds of dollars worth of merchandise.
    The medical profession is constantly raising the rates on prescriptions.
    And you are right in telling that people are going bankrupt because the treatment cures the patient at the expense of killing the wallet of the patient involved.
    Other countries also have problems with social medicine not able to accommodate the number of people sick.
    Our problem is one illness and you are likely on welfare and bankrupt.
    We cured the patient but he died from his financial losses.
    Premiums on health insurance have gone through the roof.
    Thank you Obamacare!
    Deductables have gone up at least 10 times what they were before the government made laws interferring. Sounds like they were in the pay of the insurance business, not the people.
    The penalties under this law are outrageous. And everyone knows it.
    Do not see Congress doing anything about it. So they have to be in on it.
    The new trade agreements world wide threaten every job in the country.
    So why is an Archie Bunker political person running away with the polls in the Republican Party?
    Could be people are fed up.
    There are people in this country that never ever give up and never ever run away from their problems. Even those people see a losing proposition.
    I think the existing parties have finally exposed themselves.
    No one is fooled by their lies any more.
    I think any person running against them only has to expose their voting records or lack thereof to bring them all down.
    So we are more than likely moving towards martial law in the near future in order for the established people to stay in charge.
    Humpty Dumpty had a great fall. All the king’s horses and all the king’s men, could not put Humpty Dumpty together again.
    Well, our great egg is about ready to fall.
    And the people in charge? They are all for making omelets.

    • Philosopher

      I bought one thing for Christmas this year (other than food). A string of lights that a few years would have cost $1 was $2.33 plus tax. Everyone I know has more than enough stuff. I don’t need anything new. If I want something, I buy it. I have to say, other than a 30.30 Winchester or a 30.06 there isn’t much I want these days. Oh sure some more PMS added to the stack would be nice.

    • Bill G Wilminton NC

      Yes, we have a problem coming.

    • merrileerj

      I’m confused about this too….when I see it on regular news I just think they’re lying, gotta keep the people thinking all is well…but when regular people like you say things like this, how busy stores are, I think how can it be? Can anyone answer this? Someone said once they’re all charging themselves into deep deep more debt, is this what it is?

      • You know who I am.

        Not everyone is broke. Many, yes, but not all. I am not.

  • Richard O. Mann

    I currently have 43 cents in a standard bank savings account. It makes 0.01 percent per quarter. The way things are set up now, it does not pay to have a savings account.

    • natxlaw

      I thought for a second there that you said you were getting 0.01 dollars per quarter on 43 cents. I was going to call shenanigans.

    • SunnyFlaSnotress

      (what Richard doesn’t tell us is that his Lamborghini is paid in full)

  • Mad Monkey

    One does not need a PhD in economics to know that if you spend more than you earn you go broke – the same applies to governments.
    58 It is one very scary indicator list, I agree with those that say we have breached the point of no return.
    I am fully expecting very bad things in 2016 of a global banking holiday, mass chaos with the US election, Japan, China and EU economically decimated. Japanese stocks have continued to fall since last week Friday when they out of the ‘blue’ increased their QE it shows that reserve banks have/are loosing control.
    Merry Christmas and enjoy the last normal one – peace from Australia.

  • Robert

    No one was forced into debt. No one was forced to go to college on borrowed money. No one forced someone to buy a house rather than rent. No one forced someone to take drugs, legal or illegal, and become dependent on them. No one forced anyone to become fat and wind up with diabetes. No one was forced to get a degree in an unmarketable field. No one was forced to buy the big TV and to sign up for cable or satellite service so they could watch every football game ever. No one was forced to buy game machines and games so their fat kids could sit for hours numbing their minds. No one was forced to live above their means and to keep up with the neighbors. No one was forced to buy that new SUV hog instead of driving a perfectly decent Honda or Toyota that is ten years old. Read The Millionaire Next Door.

    Blame the person in the mirror. Not China. Not Walmart. I wish Sam had been my dad. Stop listening to the mob and listen to some common sense.

    • AirborneSoldier

      Hey, dont go making sense. It is more fun to blame “banksters”, and the Evil Rich.

      • Joe Woolf

        I’d rather see it as an, “all the above” thing… 😉

        The banks own our congress… you must at least see that, right?

        And, yes, it’s true that the country fell for the bait…. this country has never seen war on this soil…. nobody alive has and, there isn’t anyone alive with parents of memory that have either.

        It’s a sad state of affairs to see it coming and not be able to do anything about it except for try to make some good choices about how you will deal with it…. at least in my opinion.

        The most thing I could ever hope for is that I’m wrong on this….. I don’t want it…. don’t hope for it, never ever would want to see our country in that condition……. and yet, why would be be surprised if it were?

    • John Byde

      Agreed. There’s massive personal responsibility here. It’s very easy to blame some nasty conspiracy: Soros, the NWO, those nasty Joos, immigrants, banksters, etc. than look in the mirror.

  • Philosopher

    There are a few things in that list that scare the heck out of me. With more than 100 million Americans not in the workforce that means that 1/3 of the US population is not working. That is crazy. The shadowstats about the real unemployment rate being 22.5% is low. I think that rate is between 25 to 30%. People not having any extra food and no savings is incredible to me. If there is any type of major event from an earthquake to a hurricane to a huge snowstorm let alone a terrorist attack, an EMP event (natural or man-made) or a cyber war where the grid is hacked what do people think is going to happen? Do people seriously think the US government is going to show up and save them?

    After watching the video feeds of dead and bloated bodies lying on the streets and in front of the dome in New Orleans after Hurricane Katrina I started to wake up! FEMA was useless. After the housing crisis I learned to live within my means. I have some credit cards but I don’t use them. If I don’t have the cash I don’t buy it. Period.

    I also have 12 cases of MREs. It sounds like a lot. It isn’t. That is 1 meal a day for 144 days. Longer if I don’t eat one meal every day. Could last 200 days on partial rations. Maybe. PM’s and cash in three currencies (USD, Candadian dollar, and Swiss francs). I don’t think it is enough. I am not rich but if things go to heck my plan is to get on a plane and leave. Where would I go? Probably Iceland. Maybe Ireland. Not sure yet.

    • merrileerj

      I’ll never forget the videos on tv after Katrina. And that was from a distance, I was never in it. Oh how shocked I was to see people living on off ramps, other places, begging, begging for food & all we heard was they were working thru the red tape to get food to them. Oh God. Drop sandwiches & water with helicopters, to hell with red tape. I was so so shocked & mad at FEMA & I too woke up then. They get help to third world countries faster than to our own. To look good I guess. Lord help us.

      • AirborneSoldier

        Blame the state and city. There was no “red tape”. There was a reluctance by the idiot mayor and incompetant governor to ask for federal help. There were many food/water missions that la national guard troops were supposed to fly that they failed to. The people on the ground only got help 8n s3veral instanc3s b3cause US Army, USMC, USN Coast Guard, and other federal entities just got it done. Nagin left 1000 buses empty rather than get people out. Another example of liberal incompetence. No, red tape is no excuse. I was involved with this, and privy to much info during daily ops.

    • AirborneSoldier

      Underemployment is a huge problem too.
      There is no place to go. Support your state level pols who stand against the federal tyranny. It is going to come down to the secession of states and regional cooperation. I suggest moving to MO. There are quite a few ppl here who want to secede and live in freedom. I see lots of changes in the next 25 years.

    • AirborneSoldier

      MREs…be careful. If they freeze, the main entrees will expand, often tearing a small, barely visible seam that allows air in and rot to start. Botchulism is very possible. If in doubt, throw them out. Save the crackers perhaps. Real issued MREs are kept in temp controlled facilities, and regularly inspected to ensure said temp control. Keep a mix of safe MREs, freeze dry, and regular old canned food that you like to eat. Oh yes, a spare hand operated can opener is a great idea as well.

  • Donald Wilson

    Michael Snyder,

    I will be brief, everything that has been happening over the last several decades is being done intentionally. The end game is the destruction of the United States, the eviseration of our freedom, and sovereignty and ultimately the takeover by the elitists. Anyone who believes otherwise is as you stated is delusional. Read the book “Tragedy and Hope” by Carroll Quigley, within the one thousand plus page book Mr. Quigley spells out what the elitists have in store for America.

    Merry Christmas to all and the best of luck in the new year.

    • A spartan woman

      Mr Wilson,
      I’m happy to see that you realise what is really happening to your country. (Most Americans don’t).
      The elitists unfortunately have already takeover most of the world by controling our countries’s economy.
      The elitists ultimate plan is Human control, concerning all aspects of our lives.

      Merry Christmas and a happy new 2016

    • Fwalker2016

      Lmaorofl you people are gullible! Mind control, mind control – watch out for the boogie man.

      • merrileerj

        You have it backward F, the mind control is what you believe. What the mainstream media feeds you. Notice your eyes with pupils wide as you march down the street…

      • AirborneSoldier

        Only someone under 50 would write such rubbish. Those of us older remember a bit of real freedom, real property rights, etc.
        I dunno what we are, but we arent America

    • Bill G Wilminton NC

      Mr.Carroll Quigley was the mentor to Bill Clinton. Ha ha it just never stops.

  • Shawn M.

    All the a-moral, pleasure seeking, anti-government, anti-authority, make love not war, rebellious brats from the sixties are running the country now. They have sucked the life out of this country.

    • Shawn M

      Damn! All the parents had to do was discipline their kids! This is what we ended up with.

      • AirborneSoldier

        I blame Dr. Spock. The real 9ne, not the Star Trek dude with rad ears. The guy who taught that spanking was bad…

        • John Byde

          Didn’t his son commit suicide? Hope I’m wrong.

          • df NJ

            No everyone is a sadistic a hole. I never spanked my sons and both are straight A students. There’s more to it than just whipping them.

    • Bill G Wilminton NC

      Yes…….well said.

    • AirborneSoldier

      Yeah, but they still fear a few of us. Why do you think they want to restrict effective firearms? You can keep your Elmer Fudd bolt action “hunting rifles” but not anything that might actually pose a threat to the tightening noose of centralized gubmint.

      • df NJ

        Unless you advocating making stinger missiles, 50-caliber machine guns, and bazookas legal you really do not have a chance against the US government. Just what are you suggesting?

    • SunnyFlaSnotress

      Quite the opposite, ..Bush started the war moneypit.. Obama kept the ball rolling.

    • SunnyFlaSnotress

      Quite the opposite, ..Bush started the war moneypit.. Obama kept the ball rolling.
      http://useconomy.about dotcom/od/usdebtanddeficit/p/US-Debt-by-President .htm

  • George Washington

    it is time to put every single politician , judge and banker (past and present) in prison and then punish them for treason

    • AirborneSoldier

      I dont think so. There are plenty who have tried to do good. Ron Paul in prison? Nope.
      Senator McCarthy was right, read his book. We are now reaping the full effect of our descent into Godless, globalist communism.

      • George Washington

        i dont agree, I believe all politicians judges and bankers are complicit in allowing the unlawful federal reserve to exist and are guilty of the blackest treason. They have taken our sovereignty by allowing a foreign private bank to unlawfullly print our money and thus seize our nation. making elections a farce, a private banker only tradition; as it takes privately owned fed money to run, that is called treason and every single one the people are complicit in the treason. they are guilty of the blackest treason and must suffer punishment.

        • HeyAHuman

          Why do you think one of the Ron Paul slogans was “End the Fed”? To say that “all politicians are guilty” is literally incorrect.

          • George Washington

            You are guilty because you belong to an organization of people who are in contempt

      • George Washington

        no such thing as a good politician or banker

    • df NJ

      “Give me control of a nations money supply, and I care not who makes it’s laws”. Mater Amschel Rothschild

  • AirborneSoldier

    Liars, Damn liars, and Statistics! Some of these only support the popular current trend of demonizing the “rich”…In fact, ALL of our problems have been created by a complacent citizenry who allowed the growth of the Welfare State, and the eventual destruction of the Free Market.
    This is what things look like when politicians run out of other peoples money.

    • df NJ

      You have to realize you may be completely wrong. How can you blame the factory worker in this country when the Chinese have pegged their Yuan 6 to 1 to the dollar. This means a CEO gets 6 Chinese workers for every 1 American worker. How can any one American worker compete with 6 Chinese workers. Have you ever wondered why all the factories have closed in the US and moved to China? From 2001 through 2012 I purchased goods from China. No one can compete with Chinese labor. On top that, the Chinese companies spend no money on branding. As a communist country, they do not care about profits. Everything at each company goes into hiring the most workers. Many companies share intellectural property. Everything in China is labor intensive on purpose. Everything in China is about maximum employment. We have a lot problems in this country but blaming the American worker when the American government has been bought and paid for by foreign interests is not fair.

      If you really think the “Welfare State” is the problem then google and watch the video “wealth inequality in America” and pay close attention to the dreaded “socialism” graph. We are about as far from socialism as you can get and still have our currency have a shred of value.

  • J.L.W

    Check out Isaiah 17:1!

  • John Byde

    I’m not worried about the failing economy because we’re all going to die in a terror attack this Christmas anyway. At least according to Michael.

  • jakartaman

    This makes me want to run out and vote for Hillary now – We need 4 more years of this!

  • AtomicMetroid

    Yeah…but the you know who’s live really good.

  • Sackman

    I like how Michael gets excited by market drops Saying this is it. He knew the market would tank when rates rise. Then. it rallies. LOL.

  • SunnyFlaSnotress

    January 26,2016 12:33 EST

  • victor

    Relax, don’t worry, be happy.
    2016 is going to be your best year..

  • df NJ

    Any public policy intended to address any of those issues will be labeled “liberalism”. God forbid we try to help labor in this country. Long live King Grover Norquist!

    • Ron

      Ask Obama why he didn’t approve Keystone, he is a Democrat.

      • df NJ

        Obama has no power, he’s just a puppet. The Texas oil interest did not get a big enough cut otherwise it would have passed. The problems with our country are not rocket science. The lobbyists force the politicians to pass laws creating cartels and monopolies in exchange for campaign financing. We have no free markets to wring out inefficiencies in CEO pay.

  • df NJ

    2015 was a great year! The CEOs got richer. Who cares about the number of people in poverty. America loves a winner. Vote for the CEOs!

  • none

    Thank god President Obama can live in the white house!
    He was able to save enough for his Hawaiian vacation this year.
    On another point in 1979 it was explined that a sustained 15% unemployment rate, after six months would cause the economy to collapse?(#37).

  • Neighborly Jim

    I think using blacks in the statistics to show that we have gone down hill is a kin to spiking the punch bowl. It should not be surprising that blacks a poorer and that there are now more of them. They breed because of welfare.

  • Evil_shadow

    those facts about homeless and hungry kids are terrifying.How on earth did people allowed that?! those are your children for god’s sake, residents of USA, one of your own …is capital and being richer than others more important then your next generation? if so, any country that goes the same path is condemned to extinction.

  • abinico

    You make it sound like these figures are somehow note worthy – they are not – nothing new here – just capitalism at work.

  • Charles Noble

    The biggest US export in 2015 was US dollars and dollar-related instruments in the massive ‘long the dollar trades’ that other nations engaged in.

    It’s sad when a nation’s biggest exports are pieces of paper and 1’s and 0’s because of a perception at that time, a perception that will undoubtedly reverse sooner or later. It seems manufacturing moved from Main Street to Wall Street & the Eccles Building of Federal Reserve Printing Works Inc. My question is what will the US economy produce in exchange to shore itself up when other nations return their USD under the terms of the ‘product warranty’?

  • geoffandmarie418@aol.com

    America’s day of reckoning is coming. More and more good folks are working harder and harder for less, to many good folks have lost their careers/jobs, homes, savings, etc… Economic terrorist have crashed the american dream, just as terrorist crashed the world trade towers on Sept, 11, 2011., they just did it in a more subtle way.

  • rbblum

    58 consequences of the government’s perpetual growth.

  • Some College

    I think that describing Wall Street as a giant casino is fitting, but it could also be described as a swarm of locusts.

  • picomanning

    The ongoing commodities price declines will continue downward. Interesting how all major economies, perhaps with the exception of India, are so shaky at the same time. Fiat follies indeed.

  • Bruce

    If you took EVERY statistical statement on ANY of his articles and threw them away as hog wash (except the National Debt) then you’d still be in a world of trouble just due to the debt. The National Debt FACT all by itself is enough to keep people awake at night. Yet, some seem to think it will just fix itself with some magic fairy dust.
    How can ANYONE with a rational mind think things are okay?

  • Sheilag67

    According to # 18 I have more wealth than 25% of All Americans!
    And, because I have $180.00 in cash right now, not just $10.00, I outdo even more Americans!!! If course that $180.00 is going to buy me about 8 chuck roasts, so I can pressure can them. I have no money, but I don’t owe anyone, and what I do own is paid for. Go cash while you can. I did, and man, what a way to live. Outstanding!

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