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Are You Better Off? 40 Statistics That Will Absolutely Shock You

Are you better off today than you were four years ago?  This is a question that comes up nearly every election.  This year the Romney campaign has even created a Twitter hashtag for it: #AreYouBetterOff.  The Democrats are making lots of speeches claiming that we are better off, and the Republicans are making lots of speeches claiming that we are not.  So are most Americans actually better off than they were four years ago?  Of course not.  One recent poll found that only 20 percent of Americans believe that they are better off financially than they were four years ago.  But the same thing was true four years ago as well.  Our economy has been in decline and the middle class has been shrinking for a very long time.  The Democrats want to put all of the blame on the Republicans for this, and the Republicans want to put all of the blame on the Democrats for this.  A recent CNN headline defiantly declared the following: "Decline of middle class not Obama's fault", and this is the kind of thing we are going to hear day after day until the election in November.  But obviously something has gone fundamentally wrong with our economy.  So who should we blame?

Sadly, you hear very little on the mainstream news networks or the talk radio shows about the institution that has the most power over our economy.  The Federal Reserve has far more power over our financial system than anyone else does, but the media and both political parties tell us that the Federal Reserve is "above politics" and that their "independence" must never be questioned.

Unfortunately, most Americans have gone along with that.

But the truth is that the debt-based financial system that the Federal Reserve is at the core of is absolutely central to our economic problems.  If you do not understand this, please see this article: "10 Things That Every American Should Know About The Federal Reserve".

The Federal Reserve has done more to mess up our economy than anyone else has.

So shouldn't they be held accountable?

That is a very good question.

Have you ever wondered why financial markets move so dramatically whenever Federal Reserve Chairman Ben Bernanke gives a speech?

The same thing does not happen when Barack Obama gives a speech.

That is because the financial markets know who holds the real power in our financial system.

But during this election season the American people are told to put all of their attention on the "red team" and the "blue team".  We are told that the two major political parties are philosophical opposites and that they want to take the United States is two completely different directions.

The "true believers" on the blue team are completely and totally convinced that Barack Obama will be able to rescue the economy and save America.

The "true believers" on the red team are completely and totally convinced that Mitt Romney will be able to rescue the economy and save America.

Once upon a time I was one of those political activists.  I was fully convinced that America could be turned around if we could just get enough Republicans into office.

But then I noticed that nothing really seemed to change no matter who was in power.  I became disillusioned as I realized that Republicans were doing things pretty much the exact same way that Democrats were doing them when they got into power.

Yes, there are some minor differences between the two parties on taxes and regulations.

If we elect one guy over the other our economy might decline at a slightly different pace.

But in the end both political parties are taking us to the exact same place.

Down the toilet.

I wish that wasn't true.

But we need to be honest with ourselves....

-Both parties fully support the Federal Reserve.

-Both parties supported the nomination of Ben Bernanke to a second term as the head of the Federal Reserve.

-Both parties endlessly push the job-killing "free trade" agenda of the global elite.

-Both parties see nothing wrong with running absolutely enormous trade deficits with the rest of the world.

-Both parties supported TARP.

-Both parties supported the "economic stimulus" packages.

-Both parties supported the auto industry bailouts.

-Both parties have run up massive amounts of federal debt when in power.

-Both parties have greatly expanded the size of the federal government when in power.

-Both parties are full of control freaks and both parties have added more layers of ridiculous regulations to our already overburdened society when in power.

-Neither party supports getting rid of the income tax or the IRS.

-Neither party has any intention of doing anything to prevent the coming derivatives crisis that could bring down the entire global financial system.

-Both parties are absolutely showered with cash from the big Wall Street banks.

-Both parties think that the TSA is doing a great job.

-Both parties supported the NDAA and the renewal of the Patriot Act.

-Both parties have greatly expanded the unconstitutional surveillance of American citizens by government agencies.

-Both parties are extremely soft on illegal immigration.

-Both parties have treated military veterans horribly.

-Both parties are absolutely packed with corrupt politicians that are living the high life at your expense.

-Neither party plans to balance the federal budget in 2013 if their candidate wins the election.

-Neither party has a plan that will fix our deeply broken health care system.

-Neither party has any plans to shut down the Federal Reserve.  In fact, both parties see absolutely nothing wrong with our current system.

Of course this list could go on indefinitely, but hopefully you get the point.

But I can understand those that are deeply frustrated with Barack Obama and that desperately want to avoid another four years of his policies.

I also believe that Barack Obama has been the worst president in U.S. history and that he and his entire cabinet should immediately resign in disgrace.

However, the Republican party foolishly chose to nominate the Republican candidate that was most like Barack Obama to run against him.

That was an enormous mistake.

No matter what the talk radio shows are telling you, the truth is that this country will continue on pretty much the same path no matter who wins the election.

I know that statement is going to make a lot of people angry.  But it is the sad reality of what we are facing.

Even if you focus on just the economy, the truth is that Mitt Romney's "five point plan" is almost exactly the same thing that Barack Obama has been saying.

Many Americans believe that since Mitt Romney made lots of money on Wall Street conducting leveraged buyouts of vulnerable corporations that he understands how to fix our economy.

Sadly, that is not the truth.

I have listened to many Romney speeches about the economy and I keep waiting for some pearls of wisdom, but I have found that he is just as clueless about the economy as our other recent presidents have been.

Look, I know that there are a lot of people out there that have good hearts that want to have someone that they can believe in.

They want to believe that things can get better.

They want to have hope.

And I don't blame them for that.

I just think that it is time to pull our heads out of the sand and realize that things are not going to be getting any better.

A political savior on a white horse is not going to come riding in to save the day.

So by this point in the article a whole lot of Democrats and a whole lot of Republicans are very upset with me.

But I am not against you.  There is way too much hate in our society today.  Even if we disagree with someone else we can still love them.

I just think that it is very important that we understand that there is not going to be a solution to our problems on the national level and that our economy is headed for collapse no matter who gets elected.

The total amount of debt in the United States has risen from less than 2 trillion dollars to nearly 55 trillion dollars over the past 40 years, and there is nothing that Barack Obama or Mitt Romney can do to prevent the "correction" that is coming.

So are Americans better off than they were four years ago?

Of course not.

But things will soon get a whole lot worse no matter how the election turns out.

The following are 40 statistics that will absolutely shock you....

#1 During the time Barack Obama has been in the White House, median household income has fallen by 7.3 percent.

#2 Back in 2007, 19.2 percent of all American families had a net worth of zero or less than zero.  By 2010, that figure had soared to 32.5 percent.

#3 According to the Federal Reserve, the median net worth of American families dropped "from $126,400 in 2007 to $77,300 in 2010".

#4 According to the Pew Research Center, 61 percent of all Americans were "middle income" back in 1971.  Today, only 51 percent of all Americans are "middle income".

#5 Back in 1970, middle income Americans brought home 62 percent of all income in the United States.  In 2010, middle income Americans only brought home 45 percent of all income.

#6 The unemployment rate in the United States has been above 8 percent for 42 straight months.

#7 The percentage of working age Americans with a job has been below 59 percent for 35 months in a row.

#8 In June, the number of Americans added to the food stamp rolls was nearly three times larger than the number of jobs added to the U.S. economy.

#9 Approximately 53 percent of all U.S. college graduates under the age of 25 were either unemployed or underemployed last year.

#10 Since Barack Obama entered the White House, the number of long-term unemployed Americans has risen from 2.7 million to 5.2 million.

#11 Today, the average duration of unemployment in the United States is about three times as long as it was back in the year 2000.

#12 According to a report that has just been released by the National Employment Law Project, 58 percent of the jobs that have been created since the end of the recession have been low paying jobs.

#13 According to the Center for Economic and Policy Research, only 24.6 percent of all of the jobs in the United States are "good jobs".

#14 In 2010, the number of jobs created at new businesses in the United States was less than half of what it was back in the year 2000.

#15 The average pay for self-employed Americans fell by $3,721 between 2006 and 2010.

#16 According to U.S. Representative Betty Sutton, America has lost an average of 15 manufacturing facilities a day over the last 10 years.  During 2010 it got even worse.  That year, an average of 23 manufacturing facilities a day shut down in the United States.

#17 At this point, one out of every four American workers has a job that pays $10 an hour or less.

#18 While Barack Obama has been president the velocity of money has plunged to a post-World War II low.

#19 According to one recent survey, 85 percent of middle class Americans say that it is harder to maintain a middle class standard of living today compared with 10 years ago.

#20 Electricity bills in the United States have risen faster than the overall rate of inflation for five years in a row.

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

#22 Over the past decade, health insurance premiums have risen three times faster than wages have in the United States.

#23 Health insurance costs have risen by 23 percent since Barack Obama became president.

#24 As I wrote about yesterday, back in 1980 less than 10 percent of U.S. GDP was spent on health care but now about 18 percent of U.S. GDP goes toward health care.

#25 In a previous article, I noted that 62 percent of all middle class Americans say that they have had to reduce household spending over the past year.

#26 Family budgets in America are being stretched to the breaking point.  Today, 77 percent of all Americans live paycheck to paycheck at least part of the time.

#27 While Barack Obama has been president, U.S. home values have fallen by another 11 percent.

#28 More than three times as many new homes were sold in the United States in 2005 as will be sold in 2012.

#29 The United States was once ranked #1 in the world in GDP per capita.  Today we have slipped to #11.

#30 Since Barack Obama became president, the number of Americans living in poverty has risen by 6.4 million.

#31 The number of Americans on food stamps has grown from about 17 million in the year 2000 to 31.9 million when Barack Obama entered the White House to 46.7 million today.

#32 Approximately one-fourth of all U.S. children are enrolled in the food stamp program at this point.

#33 It is being projected that half of all American children will be on food stamps at least once before they turn 18 years of age.

#34 It is estimated that child homelessness in the United States has risen by 33 percent since 2007.

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

#36 As I wrote about the other day, it is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.

#37 It is being projected that the number of Americans on Medicare will grow from 50.7 million in 2012 to 73.2 million in 2025.

#38 The number of Americans receiving federal housing assistance increased by a whopping 42 percent between 2006 and 2010.

#39 At this point, well over 100 million Americans are enrolled in at least one welfare program run by the federal government.

#40 Amazingly, more than half of all Americans are now at least partially financially dependent on the government.

So are you better off than you used to be or worse off?

Please feel free to post a comment with your thoughts below....

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  • http://www.assheadnation.com Mr. Head

    BUT…BUT…BUT…The speakers from last night have “THE CURE”

    I really wanted to thank the Democratic Party for Inspiring and motivating me with their speakers. I am REALLY REALLY grateful for the EDUCATION I received from the likes of:

    Eva Longoria,
    Mary J. Blige,
    James Taylor,
    Marc Anthony,
    Natalie Portman,
    Kerry Washington,
    Scarlett Johansson

    And Others

    After listening to these GENIUSES I am now qualified for the MENSA SOCIETY. I am really-really disappointed, however, because SNOOKI did not talk. I know that she would have inspired and educated me further…to the point my IQ would exceed 200+ and I would then be able to cure disease, lower the oceans, cool the climate and persuade the world into peace, love and a Woodstock FEVER…worldwide.

    Yep, goes to show all of us that going to college is a waste of time, for you can be a Celebrity Politician and educate the world with no more than a GED. Kinda flies in the face of Obama saying we need good teachers & schools, when botox, boob jobs and liposuction can make you really “relevant”….and I guess REALLY REALLY SMART

    Oh, and the part about BOOING GOD & Jerusalem really informed me & helped me see the light…How inspiring was that!!!!

    ASSHEADS !!!!

  • Steve

    I read more than this website that you may call “alternative news sources”. The facts are not related to emotions but rather hard data that can be accumulated through online sources. What we have happening right in front of our eyes is a total breakdown of accountability on every level.
    People do NOT want to be held responsible and would rather “pass the buck” and hold the government-religious affiliations-to task regarding why we are where we are. It’s the same for EVERY problem we face. Why are these situations compiling? Because we have fallen further and further from the reality we made. Stupid T.V. Stupid hobbies. We do not want to admit it but-we are lost.
    Can anyone use the P.C. for anything other than work or porn? Obviously…not!
    Can anyone use their math skills and draw a conclusive area of the sumation of the difficulties we face with the national deficit and budgetary allowances? No.
    Again, can anyone see that there really and truly is no way for this to go. Because the truth is, some of us are not meant to survive or some may be taken out despite how prepared they were because……………..this is Gods plan. He did not get us here, but the truth is the truth. God will not be mocked, He will not deter the outcome, He is the same yesterday, today, and forever. And what He has done is saved us from ourselves. How? By allowing us to see our faults, our sins, and no amount of “deeds” or “preparation” is going to stand in the way of the outcome. Why? We are our own worst enemy. All I hear is talk, talk, talk, talk….it’s depressing. All I see is houghtiness, prideful boasting. “Oh, I’m so prepared-we’re so prepared-we’re all so prepared….” really??!!!
    And why can’t people hear or see the error of their ways? They simply do not want to. No one feels remorse. Not really. Why? When your so prepared how can you. And you voted but every decision of yours was the correct one. Everyone else was wrong. Listen, if you ask me, no ones getting out of this. YOU ARE PART OF THE PROBLEM! How can you say you deserve more than your brother? YOU LIVE HERE CORRECT? YOU helped get us here, now you deserve to be spared? Listen, it may not be around the corner but it’s coming. You WILL face your fear, you will either accept Christ and it will cost you your life, or you will accept the nature of your eslavement that will end your enternity in damnation. Remember how your world is ending, because of your love of money, yourselves, and how little you cared for your brothers. NOW YOUR STILL DOING THE SAME THING! So you should live and die by the rule you made your weapon against one another, no. No sir! For all we know the ones that Christ will appear and rescue will be those that NEVER had a chance to hear the gospel in foreign lands. Yes, the babies in Ethiopia, in Europa, in Asia….because they never had the chance. They would be the ones to listen to His words now. We, we are the ones who favor knowledge over love, and money over the common good. I see it. I see it now. It really seems were all in this dream phase and really convincing ourselves that we should remain untouched. Why? My acceptance in this reality leads me to believe when it comes, it will come like a messenger of death for all who can be accountable. That means EVERYBODY. The Bible has spoken that EVERYONE will be held accountable. And only the meek shall inherit the Earth. Why? Think for a moment, God said thou shall not kill, not covet, shall love one another, and all this foreboding coming catastophe has devided us yet again. Pitting those who have against those who have not and I do not believe this will be what God wanted for us to glean from this. I may be wrong but, I may be right. I’m in a bad place but what am I doing? I have to rely on God. And I may survive but I may not. My wife and sons may accept Christ or they may not. They may be saved or they may not. All I can do is rely on the faith He bestows upon me that my will does not errode during these difficulties and…just keep praying. I know everyone wants a “good and cheerful sermon” but, sometimes we need the opposite to wake the HECK UP! I know this is not for everyone but whats the saying—those who have ears-LET THEM HEAR.
    Thank you Michael for this site and the insite of your knowledge. I feel better now that I had to say what I said.
    God be with us all!

    • GSOB

      Steve,

      Take it easy. Your will won’t erode.
      Liked your so called sermon, as you call it. Just chop your thoughts to 4 scentence paragraphs – max, and you’ll attract more readers of your blog.

      God has already decreed this will happen.
      By His word, He will bring about another catalclysmic change.

      that is….
      2 Peter 3:7
      But by the same word the heavens and earth that now exist are stored up for fire, being kept until the day of judgment and destruction of the ungodly.

      Lets use our time living according to our hope as best we can, despite our body of sin still with us.

    • Whirlaway

      Very true and good reply Steve.

  • chow

    I read all your blogs and understand everything your pointing out is true but you’re not suggesting any solutions especially with the election. You’re saying you don’t like O but R is just as bad…so what exactly are you saying? Remain with what we have since the consequence of the other is the same? I know you’re not suggesting anything vote for who you want.

    As for the congress I believe it’s been held more by the Democrats over the last 50 years, I believe the Republicans only held it for 8 years over that time. Since the congress makes the legislation thus the blame goes more to the Democrats, don’t you think? Except recently when O has been giving executive decisions bypassing congress.

    • Gay Veteran

      “Since the congress makes the legislation thus the blame goes more to the Democrats, don’t you think? Except recently when O has been giving executive decisions bypassing congress.”

      WHERE have you been? did Republican presidents veto all the spending bills and the bills reducing our rights? BOTH parties are complicit!!!

      • chow

        I’m really glad a Republican president veto spending bills. Do you realized that we are now in $16 trillion debt not counting unfunded liabilities. All you commies want to do is to borrow and spend for your pensions and entitlements to be paid off by taxpayers.

        As for bills reducing your right…you must mean “GAY RIGHTS” to marry? Marriage is a religious ceremony and to us Christians it’s between man and a woman. What you gay people want is justification of your behavior and to force everyone to accept by destroying our religious belief; thus, if we’re all sinners in the eyes of God your sin is justified.

        BTW, your name “Gay Veteran”, why did you name yourself that? To announced that you’re proud to be a queer and you’ve infiltrated the military and you’ve force them to accept your behavior? I tell you what I’m not just a veteran I’m also a veteran of foreign war and proud of it. And when I signed my enlistment there was a clause that I wasn’t a homosexual. I say that because back then homos were not allowed.

        • Gay Veteran

          guess you don’t recognize sarcasm, WHEN did a Republican president veto spending bills. Do you realized that we are now in $16 trillion debt not counting u???

          “All you commies want to do is to borrow and spend for your pensions and entitlements to be paid off by taxpayers.”

          you sound like a teabagger, “keep government out of my Medicare”

          “As for bills reducing your right…you must mean “GAY RIGHTS” to marry?”

          I meant the rights of ALL of us.

          “Marriage is a religious ceremony and to us Christians it’s between man and a woman.”

          Marriage CAN be a religious ceremony, OR it could be a CIVIL proceeding. And there are plenty of Christians who accept CIVIL marriage equality for Gays, and in fact there are Christian churches more than willing to have relisious marriage ceremonies of us.

          “What you gay people want is justification of your behavior and to force everyone to accept by destroying our religious belief”

          No, we want equality under the law. Destroying your religious belief? HOW?

          “BTW, your name “Gay Veteran”, why did you name yourself that? To announced that you’re proud to be a queer and you’ve infiltrated the military and you’ve force them to accept your behavior? I tell you what I’m not just a veteran I’m also a veteran of foreign war and proud of it. And when I signed my enlistment there was a clause that I wasn’t a homosexual. I say that because back then homos were not allowed.”

          Interesting that a so-called Christian would use an epithet like queer.

          And welcome to the 21st century, I know that upsets you SOOOOOOOOOOO much

      • Paul

        Both Parties are equally inside the Corporation. Same now for all “democracies” around the world. The President may change but the plot continues unabated.

    • http://www.prepper-resources.com PJ Prepper

      Chow it’s quite funny how often people mention “solutions.” Check out one of my recent posts about solutions (or the lack thereof):

      http://www.prepper-resources.com/its-too-late-for-solutions/

      Michael is right on point, he truly gets it and really lays out his arguments well. If you are arguing Repub vs Dem you are already behind the power curve. Wake up man, the parties are more alike than anyone could ever imagine. As long as they have the masses arguing over the latest topics bestowed on them by the MSM…they will be free to pursue their real objectives without much push back.

      Cheers.

      PJ

      Prepper-Resources.com

  • chow

    Scott, why would you rank O above Bush Jr? What has he done that made your life more miserable than it is now? Would you blame the war in Iraq and Afghanistan? Because we’re still in Afghanistan and money was spent in Libya and still being spent in Afghanistan, Pakistan and ME countries. would you say the deficit? The average deficit under Bush Jr was $450 billion/year except in Oct 2008 where it went to $1.2 trillion because of the TARP ($787 billion added) but it’s for the 2009 budget which was spent under O. Deficit since O took over has been $1.5 trillion/year. Are you saying job layoffs? Yes, there were 750,000 jobs lost in Oct. 2008 and November and December 0f 2008 but the of 790,000 jobs were lost in March of 2009 and succeeding months were equally high and still on going until now.

    So don’t you just tell the truth that you are a Democrat and can’t survive without your handout that your party can promise more.

    • Scott

      Chow. Well I’m not really a democrat. I did vote for Obama in ’08 but that was because I could clearly see the other choice was worse. And yes I blame the wars in Iraq and others on Bush. Granted I did actually think Obama was going to get us out of it(I’m young and naive oops). Honestly if I were still registered to vote I would vote for Ron Paul because I think he’s about the only on in congress who gets it. My point about the deficit was Obama HAD to raise the deficit with huge fiscal stimulus because our economy was just absolutly horrible. But I’m doing better now not because I was on welfare or anything, I’ve never been on welfare of any kind. I have a job now because I moved out of a bad location, and took a job I had skills in and knew the people who I work with. Obama did NOT help out at all, except that stimulus check we all got back in ’09 I think. By using our current Keynesian Economy model we had to get a huge rise in government spending when the economy collapses. Unfortunatly we never seem to be able to run a surplus like we are supposed to when we have good years. Its just easier to keep on spending in congress. And thats the problem with our economy, the fed can only create more debt and at some point we are going to pay for that.
      P.S. I find it hard to believe that Obama or Bush would actually be the worst president ever. I can’t remember the others but I think back in the late 1800′s and earlier 1900′s we had a few that were also hated.

    • Gay Veteran

      “Are you saying job layoffs? Yes, there were 750,000 jobs lost in Oct. 2008 and November and December 0f 2008 but the of 790,000 jobs were lost in March of 2009 and succeeding months were equally high and still on going until now.”

      prove it

  • http://intellectualconversation.wordpress.com intel con

    Yeah but as far as your dates go the president inheits the first fiscal year as they are set the year prior like all annual budgets. so i dont know if that will affect your numbers but….ultimately we are in less of a hole than we would have been and the republicans are the party of NO. they admit their only job is to obstruct the president. that is sinister. that is unamerican.

    • The Claymobile.

      The Republicans in the House have sent bill after bill after bill to the Senate to get the economy going again and people back to work and Harry Reid refuses to even have a debate on these bills much less a vote. Now who is the party of NO? The Democrats!!!

  • Nathanael

    I’m confused. Since when are economics the only measure for “better”?
    I don’t disagree with any of your points here. But I feel it is exceptionally narrow, shallow, and terse to only measure our “success” by monetary measures. There is so much more to who we are as a nation than just our money. I understand economics is important but conscience and equality, rapport and education, society and culture, they are all as important, if not greater than economics.

  • Michael-in-CA

    There are a lot of good comments here. I would tend to agree most with Scott (9/7 @ 10:47). Neither Obama nor Bush Jr. caused our economic situation alone. Congress and both major political parties are responsible more so. The Federal Reserve was a monumental mistake from its inception. Both the Republicans and the Democrats are picking away at our Constitutional Rights. They seem to think they know what is best for everyone when they are mostly fools. Most just have big egos and don’t want to have real jobs. Living off the tax payers is the easy way. There are a few that see elected office as a way to help their fellow citizens — but only if they actually work for the common good of all, and follow the Constitute. Few do. The only way I see that we can even begin to fix things is by eliminating lobbyists, and by having totally publicly funded elections, with specified budgets for each type of office.

  • chow

    So intel con, why are the succeeding years the budget deficit is $1.5 trillion/year when TARP is already spent? Where’s the money being spent? Again, I said Bush’s last year deficit included TARP so I’m placing the blame squarely on Bush for the first fiscal year of Oweblama. and if you’re talking about jobs? where are the jobs after 4 years even if you say the first year is Bush’s fault? What happen to the stimulus that Owebama spent to create jobs? Why do you support Oweblama if he couldn’t solve the problem caused by the last administration? If you were working for me and you couldn’t do what I want you to do in 2 years shall I keep you?

    • paul

      2 years is a very short time if you work with people and organisations.

      Usually problems you create will start showing after 2 years in a company. They can only be solved by people staying longer than 2 years. If you promote someone because he did exceptionally good work in the first year, he did it most likely with borrowing from the future – hiding current issues and creating long-term problems.

      It’s like paying the mortgage by credit card.

  • chow

    You know intel con, everything is like a bouncing ball…the first bounce is always higher than the next until eventually it just rolls in the floor. Job losses are the same in the first month job loss is high but eventually deteriorate to almost no losses because if the losses are the same month over month from the start we’ll all be unemployed by now. But job losses is supposed to be negated by jobs created over time and it is not happening even now 4 years going when people filing unemployment is higher than number gained.

    • paul

      You probably need customers who have money in order to buy goods and services, so these companies can pay wages and salaries.

      Let’s assume, $100 are sales to customers. Then $20 go into profit, and $80 into wages and salary. The profit is used to buy gold and state treasuries. And is unavailable for further business. Only the $80 can go into the next round of sales.

      That’s the way in a closed system. Let’s further assume that with evermore globalization the business on earth gets closer to become a closed system.

  • chow

    Icon man, I can’t help but to be angry and reply to your ignorance…

    “republicans are the party of NO. they admit their only job is to obstruct the president. that is sinister. that is unamerican.”

    I’m glad they’re the party of NO. Of course NO to more spending, NO to higher taxes, NO to illegal amnesty, NO to Obama care, NO to bailouts, NO to appointment of so many communist czars, etc, etc.

    So to go against the president is UNAMERICAN? What are you a communist? Of course decent is patriotic isn’t that what HILLARY said during Bush admin? BTW, decent is the way the founding father established the government with 3 branches for check and balances. Read up on the constitution and US history before you post ignorantly it’s shows your a DEMOCRAT.

    • Gay Veteran

      “I’m glad they’re the party of NO. Of course NO to more spending, NO to higher taxes, NO to illegal amnesty, NO to Obama care, NO to bailouts, NO to appointment of so many communist czars, etc, etc.”

      unless it’s more spending for the Pentagon
      cut taxes for the mega-rich while leaving the middle class and working poor in the dirt
      yes to continued obscene insurance company, hospital and pharmaceutical company profits (and no, I do not support Obama’s gift to these companies)
      czars? you mean like the one Bush appointed?
      etc, etc

  • http://www.surviving12-21-2012.blogspot.com Doctor Blue

    It don’t matter who gets in Romney or Obama were still ALL screwed.
    You can NOT print that much money without some repercussions.
    You can NOT owe that much money with out some kind of fall comming.
    We can NOT survive the collapse of the Eurozone and that’s coming.
    You can NOT afford to bail out the “to big to fail” banks & businesses – again… Once was too much!!!
    You can NOT continue to borrow 40 cents on every dollar you spend.
    You can NOT keep shipping your jobs off overseas and expect any kind of a middle class.
    YOU now owe $222 Trillion Dollars for all entitlements and that bill keeps going up every year as more and more Baby Boomers retire and draw retirement, disability, Medicare, Medicade and don’t forget the drug prescription program too.
    When tax time rolls around in 2013 our Government will have a LOT LESS money than it expects and that will cause our credit rating to drop to near Junk Bond status and cause our interest on our debt to soar.
    Germany votes Sept. 12th as to weather the Eurozone can print trillions of Euros and buy all the bad debt from Greece, Portugal, Spain, Italy, Ireland and several others. IF Germany votes this down it GAME OVER and Germany will pull out of the Eurozone and that crashes and then the whole of Europe crashes and it spreads to China, Russia, South America and North America. IF that happens we all are screwed and SOON!
    You can NOT expect our Government to save you. (it can’t save itself).
    You have NO chance in Hell of surviving the coming ecenomic Apocalypse – unscathed. (You will loose EVERYTHING). (unless your a big shot banker)
    You can NOT bail out your top 9 “to big to fail” banks when their derivatives start popping to the tune of $200 Trillion dollars.
    Hope you like rat on a stick, sitting by a camp fire night after night to keep warm down by the river. I’ll see you there Brother, save my spot!

    • The Claymobile.

      Good post, Doctor Blue!

    • chow

      I understand everything you wrote and I agree with you but when you said “It don’t matter who gets in Romney or Obama were still ALL screwed.”. What do you suggest, don’t vote or stay with Obama?

      I for one believe what you said is correct…there’s no way out, sooner or later we’re doomed. But I also believe that with Romney we may have some reprieve before the doom to make preparations. But with Obama I would think it will be immediate. If you think there’s no time difference then why don’t we just organized now and over throw the gov’t.. After all isn’t that what the constitution said that the people have rights to over throw the gov’t when the gov’t is no longer to to their satisfaction?

      • Gay Veteran

        as if there is any difference between Mitt “Wall Street” Romney and Barack “Goldman Sachs” Obama

  • Mondobeyondo

    Neither candidate seems to think we might actually be WORSE off four years from now. All we’re hearing are vague phrases and statements and promises. “Forward!” “A better America!”, etc.

    I know it’s only American to be optimistic about the future, but at some point we are going to hit a brick wall of reality. The national debt is $16 trillion. Obama says if he’s re-elected, he will reduce the debt. (To what? $15,900,000,000?) Don’t know what Romney will do – he doesn’t seem to want to talk about it.

    The jobs report is dismal. The rate dropped to 9.1 percent, but only 96,000 new jobs were created in August. That’s not enough jobs.

    Four years from now, we may be talking about how good things were in 2012.

    • chow

      “Obama says if he’s re-elected, he will reduce the debt. (To what? $15,900,000,000?) Don’t know what Romney will do – he doesn’t seem to want to talk about it.”

      Where’d you hear this from??? If this is what he said, I have a beach front property in Yuma I want to sell. The arithmetic does not add up. We have a revenue of $2.2 trillion/year and spending of $3.7 trillion/year with the deficit of $1.5 trillion. You’re saying that Obama will cut spending by $1.6 trillion/year?? How is he going to cut this much? Did he tell you? The Obama care coming up with more expenses and even if you take all the income of the rich, it still wont be enough to pay for the expenditure if it remains the same.

      I hate to says this but you sir are a gullible idiot. He promised the same last election but instead increased spending by $5.7 trillion deficit in 3.5 years while Bush had deficit of $4.7 in 8 years. And now he’s telling you the same thing and you believe?

  • Mondobeyondo

    Oh, I get it now. Obama wants a $300 million jobs bill passed, so “we can hire more teachers! More construction workers! More scientists and…”

    Oops, turned off the TV! Sorry about that!
    News flash: This country’s broke! Where are we going to get $300 million?
    By raising taxes? SURE! Why not?
    Who’s to say much of that cash isn’t going into some lobbyist’s pocket?

  • GSOB

    Evolution……
    hummmmmm

    huuuummmmmmmmm

    hhhummmmmmmmmmmmmm

    From goo to you by way of the zoo

    • Paul

      That’s a great, great line, no matter where you sit on the belief train.

  • Theresa

    AMEN!

  • http://EconomicCollapse Already Gone

    Vote for Will Havtowate He is no different than Romney and Obummer

  • gwynmarilyn

    My Mother inform me her Dr. took her hand and told her he could no longer help her, with treatment because she 83, which is not for another year. And that it a Medicare rule. The only thing left would emergency operation. If the knot in the intesten blocks any thing.

    And I read Paul Ryan plan that fail to pass threw to the Senate. It would cut Medicaid and food stamps and other social programs. The cuts are already being try and if Republic win there will be lot more. So I believe most of us who have little are better off now. Then we will be in the next four years no matter who win.

    No matter what they claim if we go to war the only place they will cut is from those program. And SS no matter what they promise it all that left. To steal from those who paid into.

  • SMASH THE CONTROL MACHINE

    ARE YOU BETTER OFF AFTER 4 YEARS??THE SUB PRIME CAR INDUSTRY IS BETTER OFF!!!Two thirds of all car sales are for used cars, so the fact that 37% of all new cars are being sold to subprime borrowers is exacerbated by the ridiculous lending practices for used cars. The fine folks at Zero Hedge have provided the outrageous data and a chart that proves beyond a shadow of a doubt what awaits the American taxpayer – another bailout. Zero Hedge has already revealed the GM fake recovery by detailing their channel stuffing over the last two years. Now they’ve dug up more dirt on why car sales are surging. What could possibly go wrong providing loans for more than the value of the asset to people with a history of not paying their debts?

    Subprime borrowers received 56.46% of loans on used cars in the quarter, up from 52.70% a year earlier.
    The average loan-to-value on new cars was 109.55%
    The average used car loan-to-value ratio rose to 126.62%
    77% of Subprime Auto Loans are for a period greater than five years
    It’s amazing how many cars you can sell when you aren’t worried about getting paid. This is the beauty of a fiat currency, a printing press, and a taxpayer available to pick up the tab after the drunken party gets out of hand. The chart below provides the details of our superhighway to disaster. The percentage of used car loans to prime borrowers is now at an all-time low, while the percentage of loans to subprime borrowers is near all-time highs reached just prior to the 2008 crash. When lenders cared about being paid back in the early 2000′s, they rarely made loans longer than five years. Today, more than 77% of all subprime used car loans are longer than five years and average FICO scores are now well below 600. Just to clarify – if your FICO score is below 600 – YOU ARE A PIECE OF SHIT IN THE THREE CREDIT REPORTING AGENCY’S EYES!!!!THAT ABOUT 25 PERCENT OF AMERICANS!!!!!

    When you start to connect the dots, things that didn’t seem to make sense begin to crystallize. This is all part of the master plan concocted by Bernanke, Geithner, Obama and the Wall Street Shysters. The auto section of my local paper now makes sense. Offers of 7 year financing at 0% interest and monthly lease offers of $150 to $200 for brand new cars now are understandable. The newer model BMWs, Cadillac Escalades, Volvos, and Jaguars I see parked in front of the low income luxury gated townhome community in West Philadelphia now makes sense. A pizza delivery guy driving a new Lexus is now explainable.

    The master plan is fairly simple. The Federal Reserve lends money to the Wall Street banks for 0% interest. These banks then turn around and provide credit card debt at 13% interest, new & used car loans to prime borrowers at 5% interest, and new & used car loans to subprime borrowers at 16%. When you can borrow for free, you can take a chance that a significant number of your borrowers will default. Essentially, Ben Bernanke is screwing the prudent savers and senior citizens by paying them 0.15% on their savings in order to subsidize the bankers that destroyed the country so they can make auto loans to the same people who took out the zero percent down interest only no doc mortgage loans in 2005. In addition, Wall Street knows the Bernanke Put is still in place. If and when these subprime loans explode in their faces again, Bennie, Timmy and Obamaney will come to the rescue with your tax dollars. Its heads you lose, tails you lose, again.
    The top 20 auto lenders control half the market. And look at the leader of the pack. Our friends at Ally Bank are the market share leader. You remember Ally Bank – they conveniently changed their name from GMAC (also known as Ditech – biggest subprime mortgage lender) after losing billions and being bailed out by you. They still owe you $11 billion and are 85% owned by the U.S. Treasury. No conflict of interest there. You have the biggest auto lender on earth controlled by the Obama administration. Do you think they have an incentive to make as many loans as humanly possible to help Obama create the illusion of an auto recovery? The only downside is for the American taxpayer when we have to eat billions more in Ally/GMAC losses. This insolvent excuse for a lending institution has been extremely aggressive in the subprime auto lending market and has forced the other wannabes – Wells Fargo, JP Morgan, Capital One and Bank of America – to lower their lending standards. Does this scenario ring a bell?

    We’ve become a subprime auto nation, addicted to easy debt, living lives of hope, delusion and minimum monthly payments. Storylines about economic recovery, fraudulent government statistics showing lower unemployment, feel good propaganda from the corporate mainstream media, and a return to easy money debt fueled spending does not constitute a real recovery. Until the bad debt is purged from the system and saving takes precedence over spending, the country will stagger and ultimately fall under the weight of its immense debt. We are lost in a blizzard of lies. This subprime fueled engine of recovery will propel the country into the same canyon of reality we entered in 2008. The crack up boom approaches.ARE YOU BETTER OFF ON A BURNING PLATFORM???HELL NO!!!CARS SELL BUT WHO’S BUYING???NOT ME!!!! http://www.mtv.com/videos/megadeth/114842/peace-sells.jhtml What do you mean, “I don’t believe in God?”
    I talk to him every day
    What do you mean, “I don’t support your system?”
    I go to court when I have to

    And what do you mean, “I can’t get to work on time?”
    I got nothing better to do
    What do you mean, “I don’t pay my bills?”
    Why do you think I’m broke?

    If there’s a new way
    I’ll be the first in line!!BUT IT BETTER WORK THIS TIME!!

    What do you mean, “I hurt your feelings?”
    I didn’t know you had any feelings
    What do you mean, “I’m not kind?”JUST NOT YOUR KIND!!

    What do you mean, “I couldn’t be the President
    United States of America?”
    Tell me something
    It’s still “‘We the people, right?”
    Sing louder

    If there’s a new way
    I’ll be the first in line

    Can you put a price on peace?
    Peace, peace sells
    Peace, peace sells
    Sing with me

    Peace sells, but who’s buying?
    Peace sells, but who’s buying?
    Peace sells, but who’s buying?
    Peace sells, but who’s buying?

    Peace sells, but who’s buying?
    Peace sells, but who’s buying?
    Peace sells, but who’s buying?
    Peace sells, but who’s buying?

    Peace sells, but who’s buying?
    Peace sells, but who’s buying?
    Peace sells, but who’s buying?
    Peace sells, but who’s buying?

    No, peace sells
    Peace sells!!!!THIS WAS BEFORE DAVE MUSTANG WAS A CHRISTIAN ???WTH!!PS MY MERCEDES IS A 1984 RUNNING ON FRYER OIL AND ITS A FRYBRID AND ITS PAID OFF.TIME FOR A WVO RUN!!WASTE VEGTABLE OIL!!600 GALLONS AND COUNTING.

  • SMASH THE CONTROL MACHINE

    SUBPRIME AUTO NATION!!!!http://www.theburningplatform.com/

  • SMASH THE CONTROL MACHINE

    SOUNDS LIKE A BURNING PLATFORM!!!!http://www.theburningplatform.com/ARE YOU BETTER OFF IN YOUR TENT???Funny, I didn’t hear about this during either campaign; tent cities. They’re everywhere, but don’t fit into the talking points and platform of either candidate. Seems the 2.7 million people in the last bullshit BLS jobs report that “left the workforce”, the ones that didn’t sign up for the gold standard of entitlement programs (disability), may be living in a tent. Obama says the economy is recovering. This looks more like a classical depression for me. Thank goodness for entitlements and SNAP.

    Top ten tent cities in the U.S.:
    Camp Quixote, Olympia, Washington State
    Camp Take Notice, Ann Arbor, Michigan
    Dignity Village, Portland, Oregon
    New Jack City and Little Tijuana, Fresno, California
    Nickelsville, located in Seattle
    River Haven,[5] Ventura County, California
    Safe Ground, Sacramento, California
    Temporary Homeless Service Area (THSA), Ontario, California
    Tent City, Lakewood, New Jersey
    Tent City, Avenue A and 13th Street, Lubbock, Texas
    Tent City, New Jersey forest
    Tent City, banks of the American River, Sacramento, California
    Tent City 3, Seattle
    Tent City 4, eastern King County outside of Seattle
    The Point, where the Gunnison River and Colorado River meet
    The Village of Hope and Community of Hope, Fresno, California
    Transition Park, Camden, New Jersey

  • Maria
  • Ray

    Really Bible Thumpers, you need to stop it, you are driving away more people that anything else.

  • gayle

    it’s going to take a miracle of God to expose all the corruption in Washington. I know Mitt Romney and Paul Ryan will get rid of all this corruption with God’s help.

  • Tom

    I agree with the American Empire theory, so I post a question for a peer conversation. I have been thinking about a way that would be of a great benefit to not only us Americans, but also our debt collectors. I am curious if it is possible to handle this issue of our foreign debt by the same way that the British Empire handled theirs. One possible way I believe would be to dismantle our military might in areas where we owe substantial debt to for a price of absolving our debt and interest to that nation. We could in theory continue this procedure with all countries inwhich we are indebted to. Yes we would be eliminating our empire, but we could absolve at least a portion of our our debt. Also, there is the savings from having not to pay for all of those bases. Imagine what great things we could use that much needed funds for (like everything). The greatest obstacle that stands in our way is our lack of knowledge of this great problem. It is not just societal, economical, or militaristic problem, but a problem which entails everything. If you need an example of this, here is a fantastic comparison model and it is available on google, but you need to look for scholar journals that have been peer reviewed. The topic to type in is Roman and American empire comparisons and downturns. Then research what an empire is and how one fails. What you will find is a clearer mind and a more critical thought process with a greater understanding of the circumstances surrounding our problem.

  • janice

    Can anyone explain how an economic collapse will directly affect a 
    worker  or retiree with a mortgage, car payment, small savings and misc living expenses.  Will the banks call in mortgages,  car loans & credit card balances?   Will paychecks, pension, social security stop coming?  Will city services disappear?  Will everyone  lose their jobs.   Pls give a scenario  of some  immediate, long term problems we will face.   Other than prepping  are there other things  people should be doing?   Tks.

  • Washington

    Reality Check: DNC Runs Over Delegates With Scripted Platform Vote

    http://www.youtube.com/watch?v=HmaE2Aez_XY&feature=plcp

  • Truthanazia

    I think I am doing personally a lot better than I was six years ago, even though my monthly income is still about two hundred dollars. Not bad for a college graduate and an A student is it?

    During the last six years, I received as a gift a nice car, a new furnace, and I have some food stored away to eat when what we are all waiting for finally arrives.

    I went through a whole winter without heat and I almost froze to death, that is I suffered daily for months.

    I have no friends, and most people are jealous of me.

    In my poor situation, I am able to give a lot of food to people now who are in need, instead of waiting to help them when there is no food to buy.

    I also have a dog and I have the Lord Jesus Christ, and a good education, and I have a lot of books in my house.

    I am ready, but I am afraid that many will not be ready, and that is when I am going to hide out for awhile.

  • Gay Veteran

    read and weep! the latest from Paul Craig Roberts:

    Spinning Bad Financial News Into Good

    “Friday’s payroll jobs report says that 96,000 new jobs were created in August and that the unemployment rate (U.3) fell from 8.3% to 8.1%. As 96,000 new jobs are not enough to keep up with population growth, the decline in the U.3 unemployment rate was caused by 368,000 discouraged job seekers giving up on finding employment and dropping out of the work force as measured by U.3. Discouraged workers are not included in the U.3 measure of unemployment, which makes the measure useless. The only purpose of U.3 is to keep bad news out of the news. the U.3 unemployment rate only measures those who have not been discouraged by the inability to find a job and are still actively seeking employment.

    The government produces another unemployment measure, U.6, which includes people who have been discouraged by the inability to find a job and have been out of the work force for less than a year. This measure of unemployment is 14.7%, a number that would get attention if reported.

    When the long-term (more than one year) discouraged workers are included, the US unemployment rate is about 22%. In other words, the real US rate of unemployment is almost three times higher than the reported–headline rate–of 8.1%.

    What is the purpose of reporting an unemployment rate that is about one-third the real unemployment rate? The only answer is deception through Happy News.

    Let’s have a look at those 96,000 jobs. What kind of high-tech, high-income super jobs is “the world’s only superpower, the indispensable nation, the world’s greatest economy and capitalist heaven” creating? The answer is lowly paid third world jobs, which is why there is not and cannot be an economic recovery. All the good jobs have been moved offshore in order to maximize the incomes of the rich.

    According to the US Bureau of Labor Statistics (BLS), 28,300 of the 96,000 jobs or 29% are waitresses and bartenders. http://www.bls.gov/news.release/empsit.t17.htm

    Health care and social services, primarily ambulatory health care services and home health care services, provided 21,700 jobs or 22.6% of the jobs.

    So, 52% of the new jobs created by the American superpower are lowly paid waitresses, bartenders, practical nurses, and hospital orderlies.

    Highly paid manufacturing jobs declined by 15,000. The incomes lost by these jobs most likely exceed the income gains from the waitresses, bartenders, and hospital orderlies jobs.

    Where did the other 46,000 jobs come from?

    Formerly, in hard times government employment would expand, but, despite Republican propaganda, not today in today’s mean times. Government (federal, state and local) lost 7,000 jobs.

    Professional and business services gained 28,000 jobs, primarily in computer systems design and related services (mainly Indians on H-1B work visas) and management and technical consulting services (mainly former corporate professional employees who now eke out a living by consulting, without pension or health benefits, with their former employers; in other words, they are working the same for less).

    These three categories account for 81% of the new jobs.

    Where are the remainder?

    A few thousand jobs in finance and insurance, jobs that absorb consumer incomes but produce no product. Telephone, cable, water, electricity, and heating produced 8,800 jobs. Transportation and warehousing to store unsold goods produced 5,700 jobs. Retail trade, primarily food and beverage stores (alcohol), produced 6,100 jobs.

    And there you have it. The “powerful American economy” is an economy that cannot produce its own clothes and shoes, or the manufactured products, including high technology products, that it consumes, or its own energy, all of which it imports by issuing more debt.

    The “great hegemonic American economy” is on the verge of total collapse, because the only way it can pay for the imports that sustain it is by issuing more debt and printing more money. Once the debt and money creation undermine the dollar as world reserve currency, the US will become overnight a third world country, much to the relief of the rest of the world….”

  • Washington

    The Convention is where delegates are meant to cast votes for the nominee, yet the Tampa Bay Times Forum was already plastered with embedded Romney banners, and additional ‘Mitt’ signs for people to hold were also smuggled in to make it appear that many are behind him. All Ron Paul material was promptly confiscated.

    http://www.youtube.com/watch?v=B39W91O-rUg&feature=watch-vrec

  • http://theeconomiccollapseblog.com Randy Rolloff

    Well, what do we do folks? As a Christian of course I’ll be praying. How about less frivolous spending. Stop building: Bike trails, dog parks, and light rail that need our tax subsidies to survive might be a start. Drill for the oil we’re sitting on to bring down gas prices. Cut back on EPA regulations concerning drilling, refining, ect. Get rid of the extra principals, counselors, and extra non-producing jobs that run up the price of education! All government positions have to work 20 years to earn a pension like the rest of the working class. With term limits. No special interest or lobbying payouts to government employees. Their salary should be ALL they make. A flat tax rate with no loopholes. That would be a good start. God Bless America! ( we need it)

  • Washington

    So, what if Paul Ryan was delving into the federal budget when he was still in high school? I didn’t peek at a federal budget until I was out of college. Yet there is no way I would have cast the votes in Congress that Ryan has through the years. Ryan voted for TARP, the auto bailouts, No Child Left Behind, the Medicare prescription drug benefit, the Bush stimulus, the Patriot Act, and military adventurism abroad. No policymaker is perfect, but no one with a real Conservative bone in their body could have supported these policies.

    http://www.cato.org/publications/commentary/paul-ryan-biggovernment-conservative

    Ryan is the face of the ESTABLISHMENT, and should be considered as such! Wake up folks, and put down your pom poms!

  • David Hammond

    Michael – can you do an article on quantitative easing and explain to us how that harms the United States?

    • Michael

      I will start thinking about that. I would say if Bernanke announces a new round of QE next week then I will definitely be writing about it.

      Michael

  • CatNap

    American’s love their sports.

    That’s why you have two “teams”.

    Irony: Both are owned by the same owner.

    Joke is on those who root for their fave to win.

    Michael is right. The attention needs to be focused on the Federal Reserve as the cause for our woes. As long as the majority are caught up in the “game” of Red vs. Blue, we will all be worse off in the future!

    This will be the first time since I was 18-I’m 46-that I won’t vote. What’s the point.

    My husband is still caught between the truth and the lie. On one hand, he sees what has transpired over his 48 years and acknowledges neither “side” has helped one iota. On the other, he is “programmed” as another poster so aptly put it. It’s like a compulsion to vote, or something!

    We are not better off-inflation takes away our wealth faster than we can increase it.

    I fear for our son’s future. :(

  • Louise in MO

    Michael, this is a first for me ….I disagree with some of your statements beginning with “both parties etc.” Some are true, but you have not mentioned those that are hugely different. The Federal Reserve is not the only issue facing this country.

    MOST Americans are more worried about how to pay the rent and buy food for their families. MOST Americans want a decent job. MOST Americans want government to get out of their way. ETC. ETC. Are we to believe that we need to “storm” the Federal Reserve en mass and throw the bums out, and just how would you do that?

    If I was a first time reader to this site, I would give up and not even bother to vote! If this article was somehow meant to suppress the vote on both sides, you will have succeeded!

    You were preaching to the choir and the congregation went home feeling worse than they did when they came to the service. Reminds me of “hell fire and damnation” preachers.

    • Michael

      Louise:

      Nobody is going to agree with me 100% of the time and that is okay. :)

      Michael

  • slip

    Hi Michael been reading here for a while.
    Find it very interesting.
    I am 52 and live in Canada.I remember returning from Florida in 1983 my wife was
    driving I said wake me up in one hour we will
    be at the boarder watch for the little sign
    Bridge to Canada.Well she missed woke me up.
    I said get off at the next exit and we will turn around.Well it turned out that there was no on ramp going back.
    With what we seen of a least that part of Detroit back in the 80s there is no news here.
    It was a scary place then.
    No one fixed in 30 odd years and life goes on.
    I do agree things are not getting any better but things have been bad for a long
    time for some folks.
    Also even 20% real unemployment means 80%
    employed. glass 80% full I guess.

  • Do It Yourself

    Actually much better off than 5 years ago, but that is because I Actively made changes. Paid off 15 thousand in Debt. Owe noone a dime. lost 70 lbs, by quitting McDonalds and going Organic. Reading about Healthy foods, Letting my Doctor know I want food as my Medicines, not pills.
    Dropped my Triglicerides from 325 to 87.
    THE SYSTEM isnt about helping you, you need to help yourself.

  • paul

    In the past it was usually necessary to have slaves, or cheap labour for runaway economic activity. If you don’t count in snow ball or pyramid scams.
    Economic activity that can be sustained over a long time without state intervention and tax payers money is rare and does never come with huge profits.

    So, whenever business says they hate the state, they lie. Business needs the state as guarantor of big profit.

    Communists don’t need the state. They can handle everything within the commune. That’s why they are hated so much by big business. When the state goes their profit goes, too.

  • Highspeedloafer

    Am I better off? NO!!!

  • Orange Jean

    Michael,
    That “October Surprise” you all are always talking about… any chance this could be it?

    http://www.foxbusiness.com/industries/2012/09/06/if-us-port-workers-strike-billions-dollars-will-be-at-stake/

    Sounds to me like that could have a HUGE impact, but I first heard about this possible huge east coast port strike in a little local paper, when I searched on it mostly I was hearing about it in industry specific website (like some news site for people working on cranes).

    ~Jean

    • Michael

      Jean:

      I had not even heard about that yet.

      And yes – that could be quite a big deal potentially.

      Michael

  • Hayden

    The problem can’t be solved because most people are oblivious to who is really causing the problems.

  • Mondobeyondo

    Whaddya know? Not one single mention of Ron Paul during either convention, in the mainstream press.

    Well, you wouldn’t expect it from the DNC. But even the RNC didn’t acknowledge his existence. Clint Eastwood’s empty chair got more attention.

    Yeah, Bill Clinton hit it out of the park, Obama’s acceptance speech was a snoozer, Michelle’s speech was good, Castro’s speech (the San Antonio mayor, not the former Cuban dictator) was very good. But no shout out for Ron Paul?

    You do know Paul is still in the race, right? Yes, he has an iceberg’s chance in hell of winning, but he’s a viable alternative between Tweedle Dee and Tweedle Dum.

  • Old Man

    Am I better off?

    Yes. A resounding Yes, I am better off. Way better off.

    That’s because I’m an expat. I saw things will combine to blow things up big time in a decade, a decade ago. I saw the forces at played unstoppable. So I saved myself and family.

    Is the severe downsizing of the middle class Obama’s fault?

    No. Obama is not responsible for creating the condition, and the subsequent collapse of the middle class. But he, if re-elected, must play a vital policy role in arresting the collapse. That means he must reverse the culture and policies of the 3 parties responsible.

    Who are responsible for the middle class collapse then? Three, in order of responsibility:

    1) The middle class themselves
    2) GW Bush administration
    3) Greenspan Fed and Congress of the past 2 decades

    • Guest

      So, you’re an Expat (to those who don’t know, that means he packed his bags and left the country- permanently.. some of us have a different name for people like this…)
      But back to you, Expat.. since you’re hot IN country how the hell is is you think you know so much about what’s happened in your absence? Been listening to the foreign media (who are as liberal as our own)?
      You aparently aren’t paying much attention to what IS happening. And even then, you didn’t have the balls to stick around and help get things back in order.
      Just one question: Hiding in Canada like the draft dodgers of earlier?

      • Old Man

        I expated after full retirement. After 40 years of good old fashion hard work and contributed to some of the biggest, most important projects, product design and build.

        So I well deserve a break and hold my head high choosing to live anywhere in the world, funded 100% myself. But one of the key reasons is the election of GW Bush. I knew he will flush the country down the toilet. And he did. This is a fact millions in America still deny – such is the degree of brainwashing. This has nothing to do the political ideology (I voted each party equal in my lifetime). It has everything to do with a stupid president packed solid with hubris. A true American Nero. The damages those in charge in his era did are largely irreversible. The existence of this blog, and so many similar blogs, is devastating confirmation of the historic damage and decline all done in one decade of recklessness.

        As to you, I suggest you flush your mind clean of ‘exceptionism’ ideology and be very afraid.

        • http://comcast.net David

          Smart move, Old Man. These people deriding you are the kinds of ostriches that pick a non-issue and beat it to death in the hope “things will get better”. This country has not long to go before it’s over. All empires quickly meet their end when they try to police the planet and become the ruler of the world.

    • Bull#$%#

      Wow! Old Man must be living in a bunker listening to Rush and CNN! How dare you blame the middle class. The ones to blame are the elite behind our presidents, the FED, big pharma, big agri, wall street, congress who gets showered with money from big corporations and banks, ect. If it wasn’t for the central banks creating infinite money and credit out of thin air and telling people to shoot for the “American Dream” (which you have to be asleep for right now), the country wouldn’t be in a gigantic, political and financial debt hole. If it wasn’t for the middle class (no separatism intended) creating businesses then there wouldn’t be any JOBS, then there would NOT be any productivity to make us the wealthiest nation on earth. What’s devastating is to see people like you who run and still believe in the illusion of left and right when we truly need people to see past that and fall back into the reality that both sides destroy the constitution and take our freedoms. Big government = less freedom, more control, more dependency on them, devalue our currency with the Fed, less wealth for the people, less transparency, more propaganda, more lies, more wars, more spending on programs that suck the energy and wealth out of our country. Your dear ole buddy Obama is just another puppet like Bush was and the people behind both of them have made everything worse. Please just do some research and try to flush your mind of the false propaganda brainwashed lies that are stuck in your head. If it wasn’t for the middle class propping up this great nation for all this time you wouldn’t be able to “choose” to live anywhere in the world 100% funded yourself, you ungrateful marxist. The only recklessness is the ignorance you spew onto people and sites that actually believe in freedom. Oh, and I think you may want to live in China, you will most likely receive a very good welcome there!

  • Sad American

    I think we have spent more than enough time on searching out who to blame. When are we going to start doing something about the problem…each of us. Blame doesn’t create change. Working together would make a dramatic difference.

    • Silence DoGood

      Amen.

    • Don Duncan

      Sad American: We can’t fix the problem until we identify it. Since the U.S. has been going downhill for many decades (40 years?) the cause of our decline must be systemic. You imply we have a “glass of spilled milk” and should just roll up our sleeves and wipe it up. You are in the majority and that is part of the problem: superficial thinking, i.e., no critical thinking.

      The critical analysis needed has been done by economic professors, businesspeople, and political theorists. It can be found on the net if the public researches. They won’t. They will wait until it gets so bad that a popular uprising based on fear and violence erupts. Then they will follow the strongest leader. He will destroy what is left of America. Democracy will not work without an informed public. Information will not be gained with gov’t school (public school) indoctrination. No critical thinking skills were taught. Just obedience. Blind obedience.

      If you want to survive, face that fact. That is our problem.

      • http://comcast.net David

        (50 years)

  • Sue Stangl

    I notice this started getting messy about 1965, about the time we kicked God out of America and put Him in the box we call the church. America used to lend money too other nations. We used to be rich in love for others. We used to speak like the lamb, but now most speak like the dragon. The words of Christians in the past were compasionate now they are full of hate and condemnation. “then lawlessness shall increase and the love of many shall wax cold” these are the words of Jesus about the last days. But God said this would happen. As usual people don’t believe God. They want to pick and choose what to believe. But because you don’t believe something, it does not make it untrue. This is what God said: If we walk in the ways of God, this is what He will do: “The LORD will open to you His good treasure, the heavens, to give the rain to your land in its season and to bless all the work of your hand. You shall lend to many nations, but you shall not borrow. And the LORD will make you the head and not the tail; you shall be above only, and not be beneath, if you heed the commandments of the LORD your God, which I comand you today, and are careful to observe them.” Deuteronomy 28:12,13 But this is what will happen if you reject God and His ways: “The alien who is among you shall rise higher and higher above you, and you shall come down lower and lower. He shall lend to you, but you shall not lend to him; he shall be the head, and you shall be the tail.” Deuteronomy 28:43, 44. You can keep reading down and it gets real clear of what God will do. And it matches perfectly with what is going on today. For the person who says, ‘this was written for the Jews’, God’s word is written to all, His word never changes, and this is proven through the things of today that are going on. This is not just a government problem, this is a Christian problem. We have been instructed how to live, and just like the Israelites we have chose to ignore the instructions of God, we are reaping what we have sown!

  • Matt P, RN

    Better off than I was four years ago?? I have to say “Hell No” ! It isn’t because of what any of the Democrats or Republicans did – It was the Catholics!! How? 4 years ago, I worked as a nurse at the Catholic hospital (Penrose) here in Colorado Springs. Came down with a bad gall bladder. The hospital’s surgeon botched the operation and I was in a septic coma for a month. Left the hospital pretty well crippled for life. The good Catholics FIRED me a month later because “I could no longer do the work”….. Burned up a good part of our retirement over these last four years. So, no, I am NOT “Better off than I was four years ago”…

  • JustPlainAmerican

    I have watched the politcal process and the politicians themselves get more and more extravagant, entitled, and indifferent to their electorates’ needs or wishes. And now you tell me that the two dominant parties are basically reacting in the same methods to the burgeoning debt, the overwhelming despair and anger of the public……so let’s get them out of there.

    There is no earthly reason for “career” politicians. Or “politial dynasties.” Strict restrictions should be made regarding the length of service, nepotism, and qualifications of candidates. Why allow family members to “establish residence” in various states in order to qualify for elections?

    If candidates KNOW that they will only be serving two terms maximum, that no relatives will be allowed to enter politics if they are elected…..what would that do to our political process? If they KNOW that they will not receive full pension and benefits for life after serving only a four-year term, but will take their chances like the rest of us after their jobs are done, wouldn’t that assure us that the people running for office are wanting to serve their country and not just line their pockets or bask in the limelight of power?

    I am truly a wide-eyed wishful optimist, but I think it can and should be done at a very grassroots level. Ron Paul has been ignored because he hasn’t followed established political policies. He may have been an answer……with a huge and unpredictable groundswell, he may still be. But remember, we’re not going to be pleased with HIM either because there is NO easy answer and no fast solution. You don’t erase decades of indifference and decadence in one four-year term.

    I only know that I grew up feeling so fortunate that I was born in America. I loved pledging allegiance to the flag every morning in school, saying the Lord’s Prayer. Knowing somewhere within my child’s heart that America was wonderful and free and part of God’s plan for all people on earth. Millions of immigrants would echo that sentiment. Until lately……

  • Larry Macey

    soap box, ballot box,cartridge box ,pine box

  • Trailoftears

    This one of the first times I’ve read an article about the failure of our economic system and not preaching the virtues of Obama or Romney being able to save America and our coming downfall, yes I said it Americas downfall. We as country have accumulated Debt, No savings, Max our credit cards, Bought homes we couldn’t afford, taken out equity loan on those same homes and bought Fancy Cars, Boats, Vacations, swimming pools like the bill would never come due, and it did! Only a few people were thinking with a level head. And is one of them, when the Bank said you qualify for a $450 thousand dollar loan my brain “Yea Right!” I bought at $160 with 50% down. I learned long ago “NEVER GIVE SOMEONE YOUR LAST DOLLAR” and Always have a 3 to 6 month rainy day fund. So you see the U.S Government and the America people mirror each other “They’re Both Broke” and as for the so called 1%’ers which I am not. I learned a lot from them
    1. Always have a rainy day fund 3 to 6 months.
    2. Never buy something you can’t afford to pay for.
    3. Always own Gold and Silver.
    4. Never listen to the News Mainstream or Cable “Ratings is number#1)
    5. And never leave the future of your family in the hands of the U.S. Government, State or City!!

  • MickeyG

    Fiat currency is the root of all our problems. If real money, gold and silver, where needed to fund anything from war to cheap credit, we would have none of them. The ability to create money has enslaved us all. Until this is fixed, get used to being a slave to those who control the printing presses.

  • Ed_B

    “The ability to create money has enslaved us all.”

    Close, Mickey, very very close. Creating money isn’t really the problem, though. It is creating debt that is the problem. When the Fed creates money it automatically attaches debt to that money. This debt must be paid. Printing the currency allows the Fed to collect HUGE sums of interest from everyone working in the US. Over time, this debt earns the Fed (and the banks that own it) trillions of dollars that we all must pay. It was not an accident or a coincidence that the Fed and the US income tax arrived in the same year, 1913. An income tax is necessary if the huge sums in interest are to be paid. Oh, and we must always trust the Fed, don’t question or audit them, and pay no attention to the Fed Chairman standing behind the curtain, pulling all those levers. He IS The Great Oz!

  • http://fubarandgrill.org Mark E. Smith

    The election boycott movement is gathering steam.

    Those who are not better off can find out why by reading Consent to Tyranny: Voting in the USA for free here:

    http://fubarandgrill.org/node/1431

    Those who are better off can get it for their Kindles on amazon.com for 99-cents here:

    http://www.amazon.com/Consent-Tyranny-Voting-USA-ebook/dp/B0095OHZ9G

    Casting a ballot that doesn’t have to be counted and is completely unverifiable, for candidates who, once in office, cannot be held accountable, is the equivalent of declaring yourself incompetent and designating guardians to manage your affairs for you.

    Don’t vote! Boycott 2012.

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