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The bad news about the economy just keeps rolling in.  If this is an economic recovery, what in the world is the next “recession” going to look like?  Today there was another huge truckload of bad economic news.  The stock market had another 400 point “correction”, applications for unemployment benefits are up again, inflation is higher than expected, home sales have dropped again and Europe is coming apart at the seams.  The financial markets have been in such a state of chaos recently that days like today don’t even seem “unusual” anymore.  But we should all be alarmed at what is happening.  We haven’t seen anything quite like this since the darkest days of 2008 and 2009.  If more bad news keeps pouring in, we may soon have a very real panic on our hands.

I would have thought that my article yesterday, “20 Signs That The World Could Be Headed For An Economic Apocalypse In 2012“, would have contained enough bad economic news to last for a while.  But today there was another huge bumper crop of depressing numbers.

Are you ready for the carnage?

*The Dow fell 419 points today.  That was a 3.7% drop.  The S&P 500 shot down 4.5% and the Nasdaq plummeted by a whopping 5.2%.

*European bank stocks got absolutely hammered.

*The number of Americans applying for unemployment benefits jumped back above 400,000 last week.

*The recent inflation numbers have really taken analysts by surprise.  The consumer price index rose at a 6.0% annual rate during the month of July. As I mentioned yesterday, the producer price index in the U.S. has increased at an annual rate of at least 7.0% for the last three months in a row.

So now we have high unemployment and high inflation.  Oh goody!  All of this stagflation is almost enough to make one nostalgic for the 1970s.

*The housing market is getting even worse.  According to the National Association of Realtors, sales of previously owned homes dropped 3.5 percent during July.  That was the third decline in the last four months.  Sales of previously owned homes are even lagging behind last year’s pathetic pace. Mortgage rates are now the lowest they have been since the 1950s, but there are very few interested buyers in the marketplace.

*The Philadelphia Fed’s latest survey of regional manufacturing activity was absolutely nightmarish….

The survey’s broadest measure of manufacturing conditions, the diffusion index of current activity, decreased from a slightly positive reading of 3.2 in July to -30.7 in August. The index is now at its lowest level since March 2009

*Morgan Stanley now says that the U.S. and Europe are “hovering dangerously close to a recession” and that there is a good chance we could enter one at some point in the next 6 to 12 months.

All of this bad news is sending the price of gold through the roof.  The price of gold soared to a brand new all-time high of $1,829.70 an ounce on Thursday morning.  So far, the price of gold is up almost 30 percent in 2011.

Meanwhile, millions of average American families are deeply suffering and are desperately hoping that things won’t get even worse.  Everywhere you turn, there is a tremendous amount of stress in the air.

According to the New York Times, 25 million Americans “could not find full-time jobs last month”.

As the economy crumbles, good paying full-time jobs are becoming increasingly scarce.  People are hurting and they are looking for leadership.

Well, Barack Obama is running around the country promising that he will unveil some “solutions” very shortly.

So what are those solutions going to include?  Well, the plans are still in the development stage, but the Obama administration is reportedly considering the following….

-The creation of a new government agency that will be dedicated to job creation.  This will entail more government spending and more government paper pushers, but it will probably not do much to create good paying full-time jobs.

-Pushing even more free trade agreements through Congress.  That way even more of our good jobs can be shipped to countries on the other side of the globe where paying slave wages to workers is still legal.

-A “reverse boot camp” that will train military veterans for civilian jobs.  That sounds like a good idea, but we already have millions and millions of highly trained Americans that can’t get jobs.

-An extension of the payroll tax cut for at least another year.  That will put more money into the pockets of U.S. workers, but it will also mean less revenue for the federal government.  The existing payroll tax cut has not exactly resulted in a “jobs boom”, but removing that tax cut is certainly not going to help the economy either.

-An extension of long-term unemployment benefits.  Yes, that will help the unemployed survive and will give them some money to spend into the economy, but it will not create many jobs for them.  Plus it will put the government into even more debt.

-The creation of an infrastructure bank.  Like most of the proposals above, this will entail even more government spending.  I know that a “shovel-ready” joke is called for about now, but I can’t think of one at the moment.

The ironic thing is that Barack Obama is riding around on his multistate “jobs tour” in a $1.2 million bus that was made in Canada.

You just can’t make this stuff up.

Things have gotten so bad out there that even Wal-Mart is suffering now.  Sales at Wal-Mart stores that have been open for at least a year have fallen for nine quarters in a row.

Not that anyone should have much sympathy for Wal-Mart, but it is a sign of just how bad things are getting out there.

So is there much hope for the future?  Well, considering the fact that only 32 percent of 15-year-olds in the United States are proficient in math, things don’t look good.

Our education system is a joke, tens of thousands of factories have already closed, more are closing every day, millions of jobs have been shipped overseas and most of our politicians are either incompetent or corrupt (or both).

So you would think that with all of our problems, authorities would be focused on the big issues.

But no, time after time they just keep picking on average Americans.

For example, a woman that lives in the Salem, Oregon area that is fighting terminal bone cancer tried to raise some money for her medical bills by holding a few garage sales on the weekends.

Well, the authorities in Salem got wind of this and now they are shutting her down.

This is absolutely unbelievable.  A video news report about this incident is posted below….

Massive fraud and corruption at the big banks caused a worldwide financial crisis in 2008 and yet not a single Wall Street executive has gone to prison because of it.

Yet a cancer-stricken lady tries to hold a few yard sales to pay her bills and authorities come down on her like a ton of bricks.

Does that seem fair to you?

Our world is getting crazier every day.  The bad news is going to keep pouring in.  Global financial markets are being held together with chicken wire and duct tape.  At some point the pyramid of corruption and con games is going to come crashing down.

If you still have faith in the system, you are not very wise.  We are heading for an economic collapse that will be absolutely unprecedented, and you need to be getting prepared.

  • Mr. G

    There is no way 32 percent of kids are proficient at math. I have worked tutoring them and the truth would be less than 10 percent. We just have very, very low standards.

    I am not joking around here. They are not required to learn their multiplication tables and they cannot perform the most basic algebra because of this. They go off to college to become engineers and some actually manage to pass all four calculus classes, but this is because we have no standards whatsoever.

    Schools have become a game and some people know how to play. You don’t need to know jack to make it. You need to have social skills and be cunning while looking good.

    Mr. G

    • Ben Dover

      We have high standards when it comes to the global warming religion.

    • Cat

      No one manages to pass all of their calculus classes in this country not knowing their multiplication tables or basic algebra. I don’t know where you are getting this stuff, but it is not true. By the time an engineering student finishes calculus classes, they are also finishing up physics courses, statics, & dynamics courses among other classes requiring high math skills. Any engineering program that allowed that to happen, would loose it’s accreditation very quickly. Let’s stick with the truth here.

      • Mr. G

        I am sorry, but what I say about our students’ math skills is true.

        Math in our schools is basically a case of one mediocrity being piled upon another. They do not learn what they should in grade school. Then by the time the are in algebra in junior high, they are so mediocre at basic arithmetic that they really shouldn’t pass, but you can’t fail everybody. So then they are in trigonometry and they can’t do it because they don’t have the algebra. But you can’t fail everybody. Geometry is the same deal.

        Since you can’t fail 95 percent of the class, the standards are lowered and lowered. And, that is what has occurred since the 1960s.

        Some of these kids will take a calculus class in high school, but they STILL won’t be prepared to take calculus at a college level. Yet they will pass that high school class…

        And yes, they keep passing. They know nothing when they are done but they learned when they were in nursery school that the techniques to pass are not the same as the techniques to learn.

        Since our society values nothing but the status of a degree rather than the knowledge, it is not surprising that this situation would be upon us. It is necessary to look to foreigners to find people who have really good skills in math. And, that is what a lot of companies and universities are doing, sadly.

        Mr. G

        • A.S.

          Mr G is absolutely right. Even in a school like Stanford (Stanford, CA), they are teaching kids (yes, 18-21 yrs olds, but still kids compared to me) how to regurgitate the ultra-global-liberalism-garbage). These kids have no skills besides B.S.-ing (not the degree) to get what they want. How many of these kids actually know, upon finishing their BA or BS, that the Federal Reserve and Income Tax Amendment are unconstitutional? I bet less than 10%. How many of them can actually formulate their own theory why JFK was assassinated? How many of them can actually write a 20-page paper without any red marks by the professor, pointing out spelling and/or grammatical errors, rather than missed or misinterpreted points and/or half-truth reasoning? Yes, we are in very big trouble.

          I can tell you from personal experience, that when I was in college, I never read more than 20 pages from MOST required textbooks (yes, there was one or two textbooks where I read most of the pages). And I still got away with mostly A’s and B’s. And today’s standards are even lower.

          My parents, born and raised in the former USSR, said that in 8th grade, Calculus was taught and understood by most of these 13-14-yr olds. Can you imagine that!? How many 14yr olds in advanced-placement understand Calculus? I bet almost none! Advanced-placement for 8th graders in the U.S. today means Trigonometry at best!

          And the list goes on and on for any given subject. Just do a google search to see who comes up on top in math, physics, geography, etc. The U.S is not even in the top 10! For shame to us, for we have lost our way. No wonder countries like China are beating us.

    • mondobeyondo

      You know it’s bad when high schoolers can’t even do simple math.

      A week and a half ago, I bought a Dasani water bottle ($1.29) at a local convenience store. I gave the clerk two $1.00 bills.

      25 or 30 seconds or so later, I had to intervene. “I gave you 2 dollars, the water bottle was $1.29, with tax (at your hyper expensive store, hee!) $1.41. But I’ll give you the priviledge of the convenience, and realize that you guys aren’t in the low price market. (Hint to self – shop at Wal-Mart for water.)

      Okay, you owe me 59 cents change.”

      The young lady said, “59 cents?”

      “Um, yeah. 59 cents. That’s three quarters and a dime.

      The girl said, “Okay”.

      Oh my gawddd.. she actually believed me?! I did correct her, and told her she just needed two quarters, a nickel and 4 pennies.

    • Golden Child

      You’re exactly right. All the voluntary out-of-touch internet guidance counselors all love to chastise every college grad for not studying “engineering” and “science” even though America has the lowest math test scores in the developed world. We can’t compete.

      It’s not like the people who get paid the most in this country actually work anyway. The working class are called “the working class” because they actually bust their asses and work. People who make over 70K a year usually are deadweight desk jockeys with a lot of “downtime” at work; and I mean A LOT of downtime. Federal paper pushers are paid roughly double the salary of private sector workers to surf internet porn all day everyday and still can’t get fired because of union protection.

  • TucsonKK

    Don’t always blame OB he is 1/3 of Washington and the REPUBLICIANS/TEA PARTIES control the House and they will not pass NIL.
    True OB should have seen this comming and be prepared. His proposals are not bold they are the same old C–P!
    Trade deals will outsourch 800,000 jobs.
    OB is listening to his CEO & Wall Street budies that all consult him as they work at the White House. They are all CRROKS and we are screwed!!!

    • McKinley Morganfield

      “OB is listening to his CEO & Wall Street budies.. ”

      He was bought and sold 25 years ago in the corrupt pressure cooker known as Chicago politics. BHO is but a puppet. Get used to it.

      • Dave

        WELL SAID McKinley Morganfield! All those who take the office in the Executive Branch are lap dogs and take their marching orders from the central bankers and BIG corporations like Haliburton, Lockheed Martin, Dupont Etc…

        The office of president and the Congress are as useless as breasts on a bull!!!

  • You don’t understand how much we appreciate you writing these articles.

    Thank you Michael!

    • Michael


      You are welcome. I hope all of you regular visitors know how much I appreciate all of you and your great comments. It is a joy to read them every day and I find that I learn a lot from them.


      • knightowl77

        I come to your blog 1st or 2nd every morning. You are 1 of my “must reads”. Thank you.

        • Michael

          I am honored. It takes a lot of work to put these articles together, and it means a lot that people say that they appreciate them.


          • neos1

            you know what the politicians will do what they think will creat jobs:
            1. The politicians in Washington will give big, billion dollar corporations tax breaks- thinking they will hire more employees-says the politicians and the CEO of the company.
            Listen, if they needed extra help, wouldn’t they just hire them now?
            2. The politicians will give the big, billion dollar corporatiopns subsidies to hire more employees. The companies CEO will tell the politicians they don’t have any money (ha-ha) to hire anyone right now, but if the government will give them say, 100 or 250 million, then they might be able to hire a few people. More than likely, the corporations will give the money to their CEO and board of directors as a bonus!
            3. If any of these big, billion dollar corporations do hire anyone, just to look good to the politicians, it will probably be 2 or 3 employees, part time, for around 2 or 3 months, and then lay them off, saying they weren’t needed anymore.
            4. The working poor, and the working middle class-what’s left of it, will have to pay more in taxes, so the politicians can give the money to the poor, billion dollar corporations to hire a couple of employees.

  • Mario

    How much more do we have to see or read about, we are in serious trouble.
    Between now and when the whole darn thing stops there might be a few good days but the over all result will be the same.
    On a day not to far off in the future the world economy collapse dragging the worlds population down with it. The world will basically stop, and because all the money is worthless no one will sell or move anything unless they get paid for it causing food shortages and many other shortages. After about a month or so of this while the governments of the world blame each other and try to get things moving someone will come on the scene with a solution, but he will insist that all the governments give him full control. The people and the governments will gladly follow him since them have no other solutions them selves…..
    If you want to know the end result you will have to read it in God’s word the Bible. You see God already new this was coming, he tried to warn us He wrote about it, he sent his prophets to warn us. We chose to go it alone an removed Him from our everyday lives and replaced it what we thought is best. We know have the results…….and it doesn’t look to good.
    But it isn’t to late yet, you see God sent us his Son Jesus to give us hope, all we have to do is have faith in him.

    Read about it.

    • BigM

      Good post Mario.

      When all seems hopeless, there is always hope in Christ.

      I know there are a handful of regulars in here who believe the same thing.

      We just need to continue to be that bright light in what will soon be a very dark world.

      Fear will not control my life but faith alone will prevail.

  • Gregge Johnson

    You guys a painting a very accurate view <however get out in the: street: and you will find much worst situations. with class warfare.

  • 99er

    “We are heading for an economic collapse that will be absolutely unprecedented, and you need to be getting prepared.”

    It’s no longer just good advice. Think of it as a warning or an alarm. We have have weeks – not months – before it all comes unglued.

    • BigM

      You say weeks? Can you pin point just exactly what will trigger the ciaos?

  • Gary2

    Until we have a more equal distribution of wealth and income nothing will change. Also need to ban political contributions by corporations.

    It is sick that the 400 richest people have more wealth and income that the bottom 155 million in the country. This is sick and immoral and yet the disgusting tea baggers want to cut taxes even more on the rich.

    53% of Black and 64% of Hispanic households have lots all their wealth. So much for all the progress Dr. King worked so hard for. You don’t think this will cause problems???

    Lets just say it will be in the rich best interest to beg to pay more taxes.

    PS-Why the hell can’t the gov negotiate drug prices through medicare? WTF??Corporate welfare at its finest. Why don’t the right wing deficit scum fix this??/Oh yea that’s their campaign contributors. The Dems are only slightly better.

    • Frank

      Wow Gary….can you be any more programmed? Give up the false left/right paradigm already. Open up your mind a little.

    • knightowl77

      Gary…us “tea baggers” want all taxes cut. The Gov’t spends toooo much money period. You cannot grow the private sector, creating more jobs, more income, by taking more money from the private sector.
      Growing government means taking more from the people that actually produce something, leaving them with even less to try and produce. This is very counter-productive and in the end (where we are now) will only accelerate the collapse.

      • Nexus789

        What a numpty. No wonder the US is in the crapper with simpletons like you. You have no idea how you country’s financial, political and economic system operates and are ignorant to the facts – many of which are paradoxically published and in the public domain and illustrate things like poverty, income distribution, etc. Gary2 is merely stating the facts.

        • Gary2

          In my experience most on the right and the tea baggers do not care about the facts. They are more interested in parroting Rush and fox news in the mistaken belief it makes them sound smart.

      • bobbobbobbob

        bs!! u forget the bluedogs and the rebuplicant errorists have always voted for outsourcing. u ignoramus — go to bobsfurniture and u will not find one thing made in us same with raymonflannagans. why dont teas look into this?? because they r corporate junk. se u at chinalowes chinatarget chinasears. in ny where i live there raising the bridge tolls again – a tax on uscitizens. taxtherichpigsnow

    • uncurable wound

      WOW,-The troll is strong in that one…

    • Ben Dover

      Tax Gary2 to help the worthless leeches! Spread Gary2’s wealth!

      • Gary2

        I have no wealth to spread, sorry.

        I do not consider people to be worthless leaches.

        You are selfish and think I got mine to hell with you which is typical for the right wing nuts and tea bag terrorists.

    • BigM


      You have no idea/clue why you say the things you do, but you sure like to repeat what you here.

      Even if we took 100% of the money made by these 400 richest people you mention, it would do absolutely no good or make any difference.

      The problem is a corrupt government on BOTH side of the aisles. They all need to go with the exception of a handful of course.

      • Gary2

        Even if we took 100% of the money made by these 400 richest people you mention, it would do absolutely no good or make any difference.

        wrong wrong wrong, why don;y you Google the progressive Caucas budget and see in detail how that money we tax from the rich would help the poor.

        Again-you need to think critically and not parrot Rush and fox news. What you said word for word is what they say.

  • Mad MaX

    Things are guaranteed to get worse because the people in this country are mere spectators. We act like things are going to get better by ignoring them. Soon your chance to be the victim will come. Just keep doing nothing like all the other mindless victims in the last recession/depression.

    America has one chance. GOOD LUCK! You’re going to need it.

    OsiXs (Common Sense 3.1)

    • Therrion

      You are spot on Max. The way the citizens of this country bury their heads in the sand in unreal. They have earned this moment in history. I for one have been yelling about this at the top of my lungs for over 15 years now and nobody listened. I Think I’ll just sit back now with a bucket of pop corn and watch the chaos unfold.

      • Luis

        yeah Therrion, but remember this- many of those people who buried their head in the sand will be the very ones trying to break into your house to steal your popcorn!


    You haven’t seen nothing yet.

  • nepenthean

    Au at 1847.7xUSD during asian trading!

    • mondobeyondo

      And it’s going even higher.

      Back about 7-8 years ago, there was a route driver for our wholesale printing shop where I worked. He was one of those “crazy people” who cashed his weekly paycheck and bought gold and silver coins. He insisted on buying precious metals, and kept telling the rest of us, “Buy gold! Buy silver! Do it now!!! Cash out your 401(k) and buy gold!” The rest of us employees – myself included – said, “But we have bills to pay, we can’t afford it, you can’t eat gold, you are a nut case”, etc.

      Yes, it’s true that gold isn’t very tasty. But if you cash it in right now, you can buy a year’s worth of bread. I didn’t realize that at the time.

      Damn. Wish I had listened to that guy.

  • 007

    Today Americans lost trillions of dollars in their retirement accounts. Everyone is trying to find a safe place to put their money. They are fleeing the stock market. It is just like watching the people on the Titanic scramble to find a place to survive.

    Ironically, they are putting their money into Treasury bills which are probably the most dangerous, bankrupt instrument they could have chosen. It’s equivalent to people rushing to invest their life savings with Bernie Madoff and hoping he will save them. When the interest rates rise, and they will, it is going to crush the value of these treasury investments.

    Gold continues to be a hiding place for wealth. Gold is now functioning as a reserve currency which can not be printed by any government. Hence, it keeps rising as more countries print more and more paper money. I believe it will continue to be a great place to keep your money, at least until the government outlaw it’s ownership.

    Gold is going to keep going up. However, they are getting ready to raise margin requirements substantially to discourage you from owning it. When they raise the margin requirements it should cause gold to correct down for a few days. Watch for it because it will be a good opportunity to buy gold.

    People buy gold when there is inflation, debt monitization, frightening economic events and general money printing. Now is the perfect storm for gold to go up to at least 2,250.00 an ounce.

    • bobbobbobbob

      where were u when gold was 300oz this is fools goold sell gold now

  • McKinley Morganfield

    Ship of Fools

    “We’re setting sail to a place on the map
    From which no-one has ever returned.
    Drawn by the promise of the joker and the fool
    By the light of the crosses that burned.
    Drawn by the promise of the wormen and lace,
    And the gold and the cotton and pearls.
    It’s the place where they keep all the darkness you need
    You sail away from the light of the world on this trip, baby.

    You will pay tomorrow.
    You’re gonna pay tomorrow!
    You’re gonna pay tomorrow!

    Oh, save me, save me from tomorrow.
    I don’t want to sail with this Ship of Fools, no, no.
    Oh, you’ve got to save me, save me from tomorrow.
    I don’t want to sail with this Ship of Fools.
    I want to run and hide.
    Right now.

    Avarice and greed are gonna drive you over the endless sea.
    They will leave you drifting in the shallows,
    Drowning in the oceans of history.
    Traveling the world, you’re in search of no good
    But I’m sure you’ll build your Sodom like you knew you would.
    Using all the good people for your galley slaves
    As your little boat struggles through the warning waves.
    But you don’t pay.

    You will pay tomorrow.
    You’re gonna pay tomorrow!
    You’re gonna pay tomorrow!

    Oh, save me, save me from tomorrow.
    I don’t want to sail with this Ship of Fools.
    Oh, you’ve got to save me, save me from tomorrow.
    I don’t want to sail with no Ship of Fools.

    Oh, where’s it coming from,
    Where’s it going now?
    It’s just a, it’s just a Ship of Fools.”

    — World Party

    That pretty much says it all.

  • Highspeed

    I just watched the video. That was a very sad story. Its sad what is happening to that poor woman, but what’s really sad is that there is just no common sense or common decency anymore. I know there are good reasons for our laws and ordinances and I try to always obey them, but sometimes they just need to be exceptions. We are seeing more and more of this kind of behavior with HMO’s, school administrators, police and various other groups. I’m just speechless, where is common decency anymore???

    • Michael

      It is true – sometimes I can hardly believe the things that I am reading these days.


    • Jeremy

      I was in my city today after a forum today. At the forum were the most famous political figures from our state, some are running for governor, some are presidential candidates. After lunch, my boss tells me that he cannot keep me anymore because despite the best equity managers in the business, they are not turning a profit. I believe him, because this is a very profitable business. Afterward, I went outside and walked to the library. I counted about five groups of vagrants talking and yelling in the streets. They huddles by the county building, by churches, at bus stops. There was no decorum. From two of the groups, fights broke out. In each group, at least two people were yelling at each other.

      In all: there is NO optimism in our economy, political system, and in ourselves. This man who is running for governor, I spoke with him, and he looked exhausted. I told him that we are praying for him, and that God uses us in different ways (told him my way, and he his). He hugged me, and asked me to pray for this country. So please everyone, I know this man, and he is truly a good, God-fearing man.

      It will take the extraordinary efforts of men to restore decency, optimism, and self-respect. I will always attempt to do this. Who’s with me who us?

    • 007

      The Nazis had some amazing rules in their Jewish death camps. These people were starving to death and being gassed to death. However, it their overcrowded barracks were the slightest bit out of order the prisoners would be punished to death.

      Such laws as those in Salam, Oregan are the same insane rules. They are the result of our government overstepping it’s bounds into our lives. The poor homeless people can not even find a place to sleep without being driven away by the police. They are told you can’t go on private property and you can’t go on public property. One day soon we will have violent riots. People need the freedom to at least breath and exist.

      The progressive liberals sure change their tune when homeless people try to camp in their neighborhoods. There is not much difference between them and the Nazis.





  • Mister C

    As if things wern’t bad enough. BureauNATZIS telling a woman with cancer that she can’t sell her own stuff. What a shock it will be (to the virtual brown shirts/control freaks) when in the future the BureauNATZIS will be told they can’t have children without permission from the state. Hope the revolution comes before that!

    • neos1

      But you know if she got arrested and put in jail for a yard sale, wouldn’t she be able to get medical help in jail free of charge?
      Then she could sell her story to TV and magazines and cash in on it!

  • David

    Start with the following to solve the problem.

    1) Close most military bases in the world specially those costing a lot of money.
    2) Cut the military budget by more than 50%.
    3) Stop the so called fake war on terror and concentrate on the economy.
    4) Require all offshore US companies to base 80% of their high paying jobs in the US and at least 75% of their employees to be based in the US.
    5) Take back the Federal Reserve.

    • bobbobbobbob

      good luck — good ideas but teas say no

  • michelle

    To me the sickest thing about the woman with the bone cancer is that her neighbor turned her in.

    The lack of compassion for our fellow man is the thing that is going to make this economic collapse even worse. When we can’t even stick together in our own neighborhoods, things are going to be horrible. Dying of bone cancer now might be a great gift given the situation we are looking at.

    I would not want to be in a debilitated condition requiring medical care during this coming time. It’s likely going to be very rough for even those who have prepared and are in good shape…

    Things look to be escalating. The situation in Fukushima also is not looking good, either.

    And now I see they are saying that the GOM is leaking oil at the capped well site….

    **** – triple doom

    Oil Volcano erupting again?

    • Ben Dover

      The state will be really happy with the local gubmint when she goes on Medicaid. I think she should get on Medicaid as soon as possible and cost the state as much as possible just to be spiteful.

  • Nostradamus

    We are now entering phase 2 of this crisis. Phase 1 consists of government playing games to bailout the financial elites who caused the crisis. Governments hope using vast amount of public money will fix things. It didn’t.

    What’s the solution? I list the solution steps below, something I guarantee you won’t hear from the elites:

    1) A country currency reflects its overall worth. America overall worth is far less than its currency today. But the Fed, who controls the currency, absolutely refuse to let the dollar float to its real value. Because they want to maintain the dollar as a reserve currency for foreign governments and currency of trade for all the financial elites. It’s all about maintaining the wealth of the rich. Besides, failure to do so will mean the Fed itself might be hit.

    So solution #1 is to let the dollar floats to the real value by stopping Fed power to intervene in open market operations. When this happen jobs insourcing will begin. FDI (foreign direct investment), the thing that powers China rise, will come to USA, creating millions of jobs.

    2. We have heard of all the financial bust ups and everybody lost their shirts right? Wrong! The people who owns the debt, i.e. the bond holders of trillions of debt, has not lost a dime. Many have been saved by government bailouts. Others saved by secret financial games, while the law saved the rest. The law? Yes – see bankruptcy and financial laws always put bond holders at the top of protection. So the system is rigged to protect bond holders to the last dime no matter what.

    Solution #2 – Let the bond holders, i.e. the elites who own the trillions of consumer debt, many who played their toxic schemes and bust things up, let them take their rightful lost for a change. Demand governments restructure bond and bond derivatives under special emergency laws so that the bond holders take their lost. Let banks who hold vast amount of bad loans go the bankruptcy and liquidate. This is the ONLY way to clear the debt and get out of the stranglehold of the elites.

    3. Put a cap on the Federal Reserve QE power. Today, that power is infinite. The Fed have played their infinite game of money creation and zero interest rate long enough. It is therefore infinitely corrupted.

    Solution #3 – Strip the Fed of its infinite monetary powers. Replace them with legislated targets where failure to meet them will result in immediate dismissal of the governor.

    4. The role of financial derivatives in creating a runaway economic disaster, much of which are unregulated and run by shadow banks such as the notorious Lehman Bros., is crucial.

    Solution #4 – Ban all financial derivatives. Then commission a public study to prove the long term merits of any proposed derivative that wish to be exempted from the ban. If lifted, that derivative must be traded transparently. This single action will remove the vast hidden and sinister powers of the financial elites to control world money outside of public knowledge and control.

    Many more can be proposed. But do the above 4 and the poisoning air of FUD (fear, uncertainty, doubt) will greatly clear. Only when the death-hold on much of the world by the elites is downsized if not destroyed can common people begin to take charge of their lives and chart a different future.

    • D

      Nostra – you are 100% correct. Of course, doing the solutions proposed, even though accurate, are unfortunately unrealistic in today’s society. It would cause the elites, especially the Federal Reserve, to lose all their power. The power of the Federal Reserve was once challenged by JFK. He was assassinated 6 months later. If presidents can’t bring down the Federal Reserve, who the hell can?

      There are always decent solutions to every problem, but power-mongering corruption and greed in the financial elite will do all they can to stop it from happening. And because they have the tools and resources to manipulate every law, person, and fallacy, it is difficult for them to get taken down by ordinary people.

      Mostost politicians know this. They are all in bed with the elites of all forms in order to ensure their pension, money, and protection. The Democrat vs. Republican mindset is the greatest illusion ever made. It is to make us believe we actually have a choice, when in reality they all have to same motives: make money and power. They don’t care about you. It is a distraction.

      This is just another repeat of human disaster. It has been going age since the age of man. We don’t learn from historical mistakes because we only care about our self interest in our lifetime. It’s sad that we can’t go 50 years without chaos and conflict. Dog eat dog. At least it’s exciting to know our generation may actually have the opportunity to witness the end of the world with our own eyes- front row seats to the mushroom cloud.

      • Nostradamus


        You said “Of course, doing the solutions proposed, even though accurate, are unfortunately unrealistic in today’s society.”

        Not a bit surprised at this response. I did say you won’t hear any of my 4 solution points from Big Fed, Big Pol, Big Money and Big Media. Like Gaddafi, they won’t concede one inch of power without a fight to the death. Such is the level of locked-in corruption today.

        But let me ‘shock’ you by pointing out the all 4 of my ‘radial’ solutions are already reality in the EU & rest of G8:

        1. Market-priced currency – Because US the the only dominant reserve, all other currencies float on market demand/supply, including the Euro. Only US has a policy of ‘strong dollar’, meaning centrally-managed policy to hold value irrespective of current accounts reality.

        2. All EU countries who needed bailout have taken a big haircut on bond. Except the US.

        3. The Fed has infinite QE power and have used it to issue some $10 trillion since the financial crisis to bailout the banking, insurance, and FM&FF mortgage systems. In contrast, the ECB (Euro Central Bank) EQ power is highly limited and controlled by the EU constitutional treaty. All other G8 countries central bank money creation power is limited by legislation.

        4. After the crisis, the EU passed legislation severely limiting the type and operation of derivatives. In other G8 countries, some derivatives are allowed but who can conduct such business is tightly controlled. Only approved banks and only if they firewall derivatives from banking. No such firewall exists in the US.

        So you see, what is virtually impossible in America has already been substantially implemented elsewhere.

        This is why I believe the EU, who enjoy strong, rational, uncorrupted leadership in the anchor countries, will solve their financial problems and come out in a winning position. Yes, the PIIGS countries have borrowed more than they can repay. But their political systems are not corrupted, they are paying the necessary price, and they will fix it. In contrast, US corporate-fascism continues to have a stranglehold on politics, as witnessed on the sorry scene during the debt ceiling civil war. Instead of fixing, they are going to borrow another $2.4 trillion in Obama term and hit the next debt ceiling again.

  • DM

    God will defend the cause of the poor and the needy. He hears the cries of the poor who have lost their jobs at companies who moved their jobs overseas. God hears the cries of the poor who have lost their jobs at companies which hired low cost illegal aliens from across the border.

    God also sees the leaders who turned a blind eye to these practices and did nothing.

    James 5:1-4
    “Now listen, you rich people, weep and wail because of the misery that is coming upon you.
    Your wealth has rotted, and moths have eaten your clothes.
    Your gold and silver are corroded. Their corrosion will testify against you and eat your flesh like fire. You have hoarded wealth in the last days.
    Look! The wages you failed to pay the workmen who mowed your fields are crying out against you. The cries of the harvesters have reached the ears of the Lord Almighty.”

    My advice to leaders is to repent before it is too late.

    • Gary2

      What is GOD waiting for, an invitation. Less talk more action.

  • JD

    The good lord will feed his people…Woe to the wicked.

    • Jeremy


      On a side note, can the moderator give me a different face from the scared, timid look? Hehe, just a little request.

      • Michael

        Sorry Jeremy I don’t have the ability to manually override this.

        However, if you do go here I believe you can set up a custom face for yourself….


        • A.S.

          Michael, I am testing to see if my personal image will be put next to my comments, as I just made an gravatar profile. If it does not appear, please help me, at your convenience, figure out what went wrong. Thank you.

          • Gary2

            Michael-repost my step by step guide on how this is done.

          • Michael


            I am afraid that I don’t have your step by step guide handy. 🙂


    • Gary2

      I’m waiting for the good lord to have my gas tank filled and to make my cup runneth over. Less talk, more action. Show me the money!

      • McKinley Morganfield

        The Lord helps those who help themselves. The Lord has better things to do than fill your gas tank or cup, fill your own gas tank and your own cup. The Lord helps those who help themselves. Grow up and be a man.

  • Just like resistance, all the dire warnings from Michael and the bloggers are futile.
    I warned people to get out the stock market just before each of the last three crashes, and not a soul listened to me. The level of cluelessness and naivete in this country is breathtaking. Hell is coming and the uninformed and unprepared are on their own.

    • 007

      Most of the small investors are not in the market. The only ones in the market are hedge funds, 401(k) managers and high frequency traders. Thankfully, more people than you think are in money markets, cash, gold and treasury bills. The media does not sound any alarms, but the public knows there is a market crash.

      I think it is somewhat amusing watching the banksters and wall street scum trying to cheat each other out of money in the market. It’s like watching a bunch of crooks trying to cheat each other at poker except they are all steadily losing.

      I wonder how long before they start jumping out of their wall street windows.

  • Tina

    Michael, thanks for your blog. With all the lies out of the media, it’s refreshing to just see actual facts.

    The oscillations are getting wilder, and this ship is going to break soon. There’s no fix, because those who could are corrupt, criminal, and totally invested in the status quo.

    Please keep doing what you’re doing. I for one sincerely appreciate it.

    • Michael

      Thank you Tina – I very much agree with your thoughts. All of the tremors that we are seeing right now are not signs of something good.


    • Bill Brasky

      “the oscillations are getting wilder…”

      This is one of the best comments I’ve seen on this site.

  • Irun

    We’re preppers, so we’re ready for anything thrown our way. The problem is those of us who are prepared can only offer limited help to others when the time comes. I just can’t see anything other than survival of the fittest scenario. The Fed is either going to keep printing more $, leading to more inflation, or raise interest rates. leading to more inflation. If you haven’t figured out that Keynesian economics doesn’t work, you soon will. The only solution is limited Federal Gov’t and personal responsibility, and that isn’t going to happen until we collapse. The reset button will have to be pressed.

    • mark

      Irun, we will need to do what we can for our neighbors. You will not survive the survival of the fittest scenario without help from your neighbors. You have to go to sleep sometime and you will need others watching your back. One thing that concerns me about the reset is what we will get. The powerful will not want to give up power. Will they try for a police state to keep a thumb on us. Let us all choose freedom.

  • Bring On The Apocalypse!!! Roll Tide Baby!!

    Bad News is Good News!!! The “Collapse” is the Rebirth!!!

    The Apocalypse is bad news for the Worldly, wimpy secularists!!!

    I have my Guns, Yahweh, Bomb Shelters, Wilderness and Urban Survival Skills!!!

    To all the Mall/Grocery store “tough guys” with lap tops at Starbucks with their secularist “investments” I say—Get Your Bibles little boys!!!

    Time for the Real, Tough and Brave Christian Warriors to dominate!!!

    Tremble and flee secularists!!!

    The Moment of Vindication for Christians is coming!!!!

    Hahahahahah all your empty sin filled lusty debauched hours with porn are going to be with you rotting and burning in Hell for eternity unless you repent!!!

    Love It!!! Mad Max Days Are Coming!!!!

    • mondobeyondo

      Onward Christian Soldiers! Marching as to war…

    • Ben Dover

      Be careful what you wish for. The near future may suck beyond belief.

      I am also optimistic about a rebirth, but understand that it will be a living hell getting there. Mostly sad that my children will go through the worst of this.

    • BigM

      I’ll say a prayer for you Roll Tide. As Christian myself, your post is very concerning to me.

      Where is the compassion? Boasting of your preparedness may just be your demise.

      God has read every word you posted. It’ll be interesting to see if you are where you are now in the near future.


    (click on my profile name to go to my blog to see my full video)

  • kenw


    Define rich? at what income do you become rich?
    Are you also for a ban on union political contributions?

    • Gary2

      rich is 200,000 per year and up. This is backed up by the tax tables and the % of people who make more/less mainly less than this.

      if you are making over 120,000 you are in the top 5% and this is rich rather you like it or not as defined by the % of folks making less.

      Corporations and the rich contribute so much more than Unions there is no comparison, however, I would also ban union contributions.

      I would ban all contributions and have public financing. I would force the TV stations to provide free advertising and TV time as a condition of their FCC license.

  • Jack

    Gold is not the solution!
    Silver is not the solution!
    Hoarding,holing up,and holding out is not the solution!

    Acknowledgement of,and obedience to the Law of God is the solution!
    Only when mankind stops looking inward,to his fallen self for solutions,will his plight be reversed.

    When your gold,guns and gardens fail you,what then?
    (No matter how much you have,it will all eventually run out,be destroyed,or be looted from your dead body)

    The Law of Jubilee(odious debt repudiation) look it up!

    • JackieR

      God gave us all the right to choose and make our own decisions. To sit back and wait for him to save us is just stupid.

      • Jack


        Making our own decisions,as you say,has not,and will not profit mankind.
        (Mankinds “choices” over the millenium have been poor at best,would you not agree?)

        Make no mistake,I am no dispensationalist!
        Mankind is not going to be raptured out of this mess!
        To wait is a given,sitting back is not,or else I would not have even bothered with this response.
        The point of my post was to show folks the futililty of placing their faith in material,worldly things.
        I am not discounting the prudence of physical preperation,but simply emphasizing the need for spiritual readiness as well.

        Babylon crumbles,and His Kingdom comes!
        Mankind should be preparing for an arrival,not a departure!

        Babylon is trash,why worry over its disposal?

  • The video brought me to tears. There, but for
    the grace of god, go I. People, those of us
    who are awake, must band together for the good
    fight. Our government is out of control. Very
    little time remains to save our country.

    Our symbol will be the American flag design
    on kerchiefs used to cover our faces.

    Our goal: Take back our beloved country.

  • crusty curmudgeon

    “An extension of the payroll tax cut for at least another year. That will put more money into the pockets of U.S. workers, but it will also mean less revenue for the federal government. The existing payroll tax cut has not exactly resulted in a “jobs boom”, but removing that tax cut is certainly not going to help the economy either.”

    I’m confused. The proposal you mention is to EXTEND the tax cut. Your last sentence then says that “REMOVING the tax cut [won’t do any good].” I agree and would go further…that removing the tax cut would be bad, but again, that’s not what the proposal was according to your first sentence.

    • Michael

      Hmmm I guess I should not write when I am sleepy 🙂

      I was just trying to say that extending that tax cut is not going to do that much good, but letting it expire is certainly not going to help either.

      Personally, I like the tax cut because it means a little bit less taxes that I have to pay.


  • Paul

    Didn’t you elect your government?

    Can’t you just unelect them, when they don’t do their jobs?

    Isn’t it time for a third or fourth or fifth party in the US, if neither Republicans nor Democrats are up to scratch?

    • Ben Dover

      We have a one-party government that pretends to be a two-party government.

  • Morninginamerica

    I wanted to say thanks for the blog as America needs the truth.

    A note to those tax the rich people. When the government confiscates wealth the money only goes to barely support the poor and keep them there while also going to the very wealthy. Very simple. Note wealfare,Medicare,Medicare for the poor and low paying temp jobs. Note stimulus and crony deals for the rich. The taxes are taken from the middle class and small business never to return and this is where most people on this blog feel and see it. Small business used to be 90% of the economy. Please take note when you vote as it is the only chance I see….. Thanks again for the great blog.

    • Michael

      Thanks – when I originally started this site I figured I would scare everyone away fairly quickly, but somehow people keep coming back. 🙂


      • pranah

        Not all of us have our heads in the sand, Michael. Thanks for helping us with all the fact-finding. I read your blogs daily–wouldn’t miss them!

        • Michael

          Thank you Pranah – I enjoy getting online daily and seeing what comments all of you have left. 🙂


  • The answer to these problems that are not going to go away is to become self sufficient. Things are only going to get worse from here.

    and if your in the cities…………….. move

  • ScoutMotto

    This is “Hope and Change.” Are you ready for more years of this?

    More like “Choke and **********.”

    • ScoutMotto

      Hi Michael. I hope you don’t think I meant that as a threat to officials. What I meant by it is what is happening to us as a nation, and not the warm fuzzy Obama wants us to think is happening.

  • Tel

    An extension of the payroll tax cut for at least another year. That will put more money into the pockets of U.S. workers, but it will also mean less revenue for the federal government.

    I wish to pick a bone with you here.

    Payroll tax is not intended to be revenue for the federal government, it is intended to be investment via the social security system for people to retire on. There’s an important different (at least in principle) the social security system is separately accounted for and serves a separate purpose to general federal revenue.

    • Michael


      Sadly, the federal government has been stealing Social Security funds for other purposes for years and years.

      At this point it is hard to consider Social Security funds a “separate entity” – at least in my opinion.


      • Tel

        If you stop considering it a separate entity then you are just letting them off the hook for stealing.

    • 007

      They spend the social security revenues as fast as it comes into the treasury. Face it, their s no social security trust fund. If someone will not loan us the money, social security benefits can not be paid.

      Screw it I say, they are going to have to means test it, raise the age to receive social security as well as reduce benefits. I seriously doubt anyone in their right mind would agree to contribute to it if they knew what little if any benefit the system could actually pay.

      So let them cut the payroll tax to zero. Most of us will never see social security benefits anyway. It is just a Ponzi scheme even Bernie Madoff would be envious of.

  • Alan

    My guess is… martial law just before the elections. Elections delayed or cancelled.
    Obama’s second term could be already in the bag, hum I wonder????

    • BigM

      Alan, that is my fear. That one way or another this man in the White House will find a way to worm his way into another 4 years.

      If he can forgo deporting the illegals without congressional approval and get away with it, something tells me the sky is the limit with him. 🙁

  • obamaville

    it strikes me as as a wonder how a single guru on the subcontinent can create a storm over various issues related to corruption and its like, while americans will not raise a finger when it comes to the rapacious aactivity on wall street and its executives…. Maybe its time for warren buffett to step up, put on some robes, and go on a hunger strike for accountability, but he will probably die of starvation before wall street gives up its bonusus. or face trial.

    • McKinley Morganfield

      Warren Buffett is such a hypocrite. If he’s concerned that the superrich are not paying enough taxes all he has to do is voluntarily donate a few of his billions to debt reduction.

      If I can find it I’m positive one of his many secretaries can find it.

  • Syrin

    Gary, facts keep smacking you in the face and you keep denying them. I’ve given you historic numbers, links and analysis, yet you repreat the same mantra. Enjoy your willful blindness and continue to propagate the class warfare and exacerbate the problem. Stalin loved people like you. he called them “useful idiots”.

    I hope everyone started preparing years ago like I did. The US is the least prepared and least capable Western nation able to handle the economic tsunami about to hit us. People like Gary will revert to their feral instinctual state. Look at his mentality. Think that he won’t go out and take what he wants by any means necessary? This is the mentality the regressives have groomed the masses for. Don’t work hard, no sense of individual responsibility, and half the country contributes nothing while consuming the vast majority of the tax dollars, but it’s not enough. The demand the other half surrender even more of their property. Our poor have a standard of living in excess of the majority of Europeans, validated by a study less than a year old.

    The solution is to remove the burdensome tax structure that picks winners and losers, the excess regulations estimated to cost 1.75 TRILLION annually. GROW THE ECONOMY !! It’s the only solution, and this CANNOT be done by the gov’t. The private sector is what generates wealth. Gov’t destroys it. What the useful idiots like gary can’t grasp is that gov’t does not generate a dime of wealth. Every cent it has it forcibly took from the priavte sector and its citizens. It’s no co-incidence that every country throughout the planet that is in dire financial straights have a gov’t that exceeds 70% of GDP. It’s pratically a mathematical equation lost on the uneducated masses like Gary. It’s the same pattern throughout the world. Easy to see, easy to understand unless you’re a moron and willfully blind.

    • Ben Dover

      Many like Gary ARE educated. They are just educated fools.

    • Nickelthrower

      Really? And how many times have you visited Europe? I’ve lived and worked in both Italy and Germany (and traveled through just about every country in Europe)and I can say that whoever told you that our poor had it better than most Europeans was just flat out wrong.

      Sure, our poor may have electronic gadgets but Europeans don’t really get into that scene like we do here. And while my grandparents never owned a car, they never needed one as the trains took them where ever they needed to go efficiently and on time.

      I fully understand that only 3% of Americans even have a passport (true!) which is why the establishment can tell you anything they want about the rest of the world. Also, given the fact that Americans only get 10 paid vacation days a year (if they are lucky) they never get an opportunity to spend months exploring other countries.

      When I worked in Germany, I had a total of two months off a year paid. I had free health care and downright amazing public transit. I never needed to own anything more than a bicycle. Also, the Germans would never dare attempt to market the swill we call food in this country as they have pure food laws that go back hundreds of years. My relatives can’t come visit because our frankenfoods make them sick.

      Now, maybe I’m wrong about you and if I am then I would love to hear about all the time YOU spent in Europe but I’m guessing that you are one of the 97% of Americans that have never left the country. As a matter of fact, I’d bet on it.

      • Gary2

        Totally off topic-is it really true only 3% of Americans have a passport?

        An old neighbor of mine worked for a major company everyone has heard about. When he worked in Germany and Briton he got the vacation you describe and all the other things. When he transferred back to the US branch he got the shitty 2 weeks etc we get here and no longer got the free health care. Yes his taxes were somewhat lower but it in no way made up for the benefits he lost. He said he asked the HR dept why there was such a difference-(same company same job both branches profitable etc) and was told they do not have to provide these generous benefits in the US so they don’t.

        And yet there are still fools who blindly think this is the best country ever. We need to stop being so arrogant and learn form others. We are not #1. I believe we could be but not with tea baggers etc pulling us backwards.

        European and especially Scandinavian countries look at the USA like we look at Mexico and Central America. This may offend some but its true.

    • Gary2

      So Gov spending on infrastructure and education do not generate wealth for the private sector???

      Tea baggers like you are terrorists and taking this country down. I am glad my side is finally calling out the tea baggers for being the terrorists they are. (They are also not too bright as evidenced by your post)

      • bobbobbobbob

        viva GARY

  • Just me

    If we took all the money away from the millionairs and gave it to middle class and the poor, the millionairs would still have all the money back in a few short yrs.someone said, you can’t help the poor by distroying the rich.People should have seen this coming when Reagan and people after him said that deficits don’t matter and everyone went on a spending binge.deficits do matter especially in the governments case, they have to borrow to pay it, home owners can’t borrow to pay debt so we lose our homes.

    • Ben Dover

      Can’t really blame it on any president. The lower house of congress holds the purse strings.

    • Gary2

      If this is true and I am not sure it is them why are the millionaires and billionaires not all advocating they be taxed more? There are a few like Warren Buffet who is telling it like it is. There are way too many dolts that think they will be rich also (they will never make it out of the trailer park) so we better not tax the rich. These are the tea baggers who are low information people easily conned by the Kochs.

  • Otown Right Guy

    Michael, you must be breathless keeping up with the bad news. It looks like Europe has a banking crisis on their hands. I know that because they are saying that this is “nothing like Lehman Bros was”. That tells us that it is or maybe worse.

    I have been reading lately that they hired a Chinese artist to design and Chinese laborers to build the new MLK Jr. monument in DC. It even looks like a Chinaman. Or as Steve Sailer might say, a cross between Mike Tyson and Mao. Too bad we don’t have an unemployed people that need work.

    • Michael

      Wow I had not heard that about the new MLK memorial.

      What a crazy world we live in.


    • mondobeyondo

      That’s awful.

      Will China be hiring unemployed Americans to build a brand new statue of Mao in Tianamen Square?

  • Hosanna

    If we knew what to do we might do it. The current/worsening situation makes me concerned that somebody will appear out of nowhere who does “know what to do” and people will follow him or her…right off a cliff.

    The stage is getting set for someone to lead the rebellion, and that is the scariest truth of all.

    • Your “somebody” appeared several years ago and is also known as President Obama.

  • sharonsj

    When I read that something like 50-75% of stock trading in the U.S. and Europe was “flash trading,” I knew the end was coming. Flash trading is computerized trading that lasts for 20 seconds or less; it’s a scam that skims off cents on the dollar. But when you have banks of computers doing it, then the investment companies and hedge funds are literally stealing money. Of course the SEC does nothing.

    I guess the market is tanking because reality can no longer be covered up. You can’t have a succession of jobless recoveries and burst bubbles, and think the economy (which is 70% consumer driven) will not tank.

    I think the survivalists have it right.

    • bobbobbobbob

      tax each stock trade .01ct

  • Eric Blood Axe

    you are happy enough to take our oil, and timber, but a manufactured item, and you bitch.

  • onecansay

    Looking at most posts on MANY blogs, just not this one, seems that the BIGGEST problem is NO ONE WILL TAKE RESPONSIBILITY FOR THEIR OWN ACTIONS!

    Always blame someone else. Anyone heard this quote: “You get what you pay for”. Also: “Be careful what you wish for”.

    STOP using THEIR monetary system. Barter. Trade. Grow your own food or trade LOCAL.

    The article articulates how brain dead our children are.

    Maybe most adults should look at themselves first. You ASKED for freedom. YOU DO NOT ASK FOR ANYTHING. You go out and find it yourself.

    Asking SOMEONE ELSE for anything relinquishes your freedoms!

    Get a grip, stop you bloody whining and get your F#t A$$es off the couch. Get involved in local affairs, LIKE YOUR KIDS!

    Please, please Mr. Government, come save US.

    Surely WE will! How many FREEDOM credits do YOU WISH trade for PAID privileges?

    Cost (OUR) money to run the SYSTEM for YOU.

    “HEH HEH HEH HEE HEE HEE. Hey Uncle Sam, thanks for all the suckers born every minute.”

    (THEIR wealth IS YOUR blood, sweat and tears of YOUR future generations).

    • mondobeyondo

      I agree completely. There are consequences for your actions. It’s in the Bible. (“You shall reap what you sow”). And Isaac Newton recognized it as well – although I don’t remember which law of gravity he was referring to anymore. It may have been the 3rd law – high school physics was 32 years ago for me. It’s the one where he said there was for every action, there is an equal and opposite reaction.

    • mondobeyondo

      That’s true. The Declaration of Independence (NOT the Constitution! I’m not falling into that trap again, hee!!) – states that all men are endowed by their Creator with “life, liberty and the pursuit of happiness”

      It’s the freedom to PURSUE happiness. Happiness very rarely falls into your lap on a silver platter. You have to go out and pursue it, and there are no guarantees you will succeed. But it beats living in a land with no prospect of happiness whatsoever.

      That was how it USED to be. These days, it’s harder than ever to achieve happiness. Lots of unhappy unemployed people. Lots of unhappy people with jobs. Lots of people on food stamps (hard to be happy when you’re hungry).

      Don’t know for certain where we are headed, but it definitely is not a happy place.

  • Donald Wilson

    The government, whether it be local, state or federal are full of carpet baggers. The unfortunate thing is that many people still have faith, I do not. Most politicos are out to enrich themselves at the citizens expense. I say throw the bums out and be done with them hit the reset button. One last thing use this time to prepare. Bravo 2 out


    (click on my profile name to go to my blog to see full video)

    watch the 7 lifecycles of a country to see why we are going bankrupt and what we all need to do right now… see how the top richest people are protecting themselves and their families and how you can do the same

    7 Stage Life cycle

    1. Good Money (backed by precious metals)
    2. Social Programs
    3. Massive Military
    4. Expenses Goes Up because of Military
    5. Steal the wealth of people for spending by printing money- FIAT
    6. Lost of Faith of Currency
    7. End of Currency and Inflation

    I’m posting my blog video here because I need to reach out to the real people who are effected by the Global Economic Crisis. Please pass this video on.

  • JackieR

    Another bank? For what?
    How do we cut back on spenting when those in the gov keep inventing new ways to spend more. Our current system is already broken, so lets create more ways to fleece america.

  • mondobeyondo

    The bad news is starting to roll in like that tsunami that hit Japan earlier this year. Just get ready, and be prepared. Whatever the Fed or the government has in mind to “fix” this situation, that dog won’t hunt, and this boat won’t float.

    Oh yes, there’s a fix, all right. The game’s been rigged. Wall Street and the fat cat bankers are dancing while Main Street is crying.

    If you are NOT ready or prepared, you will be joining the masses singing that classic, “Under The Sea”…. (it’s from “The Little Mermaid”).

  • Arivernameddenial

    Inflation!? Hah, do these people in Washington shop? Inflation has been going on for the past two years or more at a fast rate. Some items have more than doubled! Check out your prices at the stores. Even the day old mark down items have increased. Used to get a loaf of mark down bread for .98 cents-now it is 1.09! This increase withing the past few weeks. The so called cheap foods are going up. It is hard to stock up with prices going so high-and you have to make choices-save money for needs or stock up? Not a good atmosphere in our world right now.

  • Maria

    Wow Michael!

    Nice job! Judging from the reader comments from your last few articles, you’re stirring the bees nest pretty good. People are waking up…all across the political spectrum.

    Problem is…people are too busy arguing to solve anything. It’s the same all across the country and around the world.

    The people behind this orchestrated collapse definitely have a plan, and it is well organized…and well financed. They are counting on all of us “little people” to remain divided and weak.

    I don’t see how anything will change until someone emerges as a LEADER…and that LEADER better have a concise plan that is well financed and structured.

    I don’t see THAT anywhere on the horizon. The corrupt MSM is making sure of it.

    Even if we could see that LEADER here in the US, we would need likeminded leadership in most of the industrialized nations in order to stop the economic carnage that is happening.

    Sorry to say, this mess has gone way past the point of no return.

    Folks, you better get ready, because THAT is the only choice you have.

    Do it or die.

  • callmecordelia1

    “Well, considering the fact that only 32 percent of 15-year-olds in the United States are proficient in math, things don’t look good.”

    Hey, I think that’s a higher percentage than the politicians we have in Washington right now. I never was very good at math, but even I can add up the numbers they fail to add up.

    I saw a blip on the news yesterday that groceries have gone up 2.2% in the past year. Hmm. Let’s take one example. I’ve been buying the same brand of cheese for probably 5-6 years. It was always $5.00 for 2 lb. About a year ago, it went up to $6.00. The other day I went to buy it, and it was $8.00! 2.2%?? Interesting math there.

    Another great article. I saw the story about the lady in Salem on the news yesterday. That’s Oregon for you. Shameful! I lived there for 7 years and was happy to get out. (which is sad because it’s such a beautiful state!)

    Thank you as always for the food for thought. I’m a compulsive checker of your blog! 🙂

    • Michael

      I am so glad for all the compulsive readers of the site. I am just sad that my moving meant there were quite a few days when I didn’t get something posted. Things should be back to normal for me now.


    • Rev. Reggie Jackson

      Don’t you get it yet CallMeCordelia!? That is Obama math. And there is more to come; because his International Banker/Illuminati puppet masters are great math scam artist. As they are bankrupting and collasping the worlds economies; so they can eventually own everything. And most of you will be their slaves and serfs if you take their mark of the beast chip in your forehead or hand; according to Revelation 13 and 14:9-11.

      • callmecordelia1

        Yes, I get it Reggie. I was being facetious about their lack of mathematical skills. I know we are being lied to. That was my point.

  • jerry O

    The stock market is down again today.

    I hope you are not trusting solely on the market to prepare for your future.

    A lot of average people have lost a lot of money in the last couple of days hoping that the market will turn and they will make their money back.

    Looks like we are repeating the same mistakes that they made just before the depression.

    I don’t know if it will get that bad but we need to be prepared.

    I learned a long time ago to find someone who is successful and duplicate that if you want to be successful.

    See what a millionaire says about how to make money in bad economic times.

    See his free video:

    How to Profit like the Ultra-Rich in Times of Economic Chaos

    I know this info will help you

  • DianeS

    I have been a lurker long enough. Micheal thank you for all you do on this site to try to wake people up.

    I have silently been preparing as my family is to scared to talk much about it. They know I’m working on it but they let it go at that. I feel slightly alone and would like to find people in my area who are of like minds but I am unsure how to contact them. Do you or anyone out there have any suggestions. I live in a small semi rural area in southern AZ.

    • Michael


      I am always glad when lurkers become regular commenters. 🙂 I have tried to become a lot more active in responding to comments myself. I have already read every single one, but sometimes my days become so crazy that I find myself really short on time. But I definitely want everyone to know how much I appreciate them.


    • Check out the Arizona Preppers Network:

    • Phil

      Try out this website:

      We are a small group trying to get started.

  • Neo

    I can’t believe you didn’t mention the philly fed number of 30% decline. That was the biggest data point of them all telling us what we aalready knew.

  • LES

    Rumor: Verizon has hired Blackwater/XE security to bust the 40,000 striking union members on the East coast. It is going to get ugly fast.

    • Rev. Reggie Jackson

      Oh my!! Are these the same Blackwater devils that have killed 10’s of thousands of innocent civilians in Iraq and in Afghanistan!!??

  • Maria

    Max Keiser gives the best explanation I have heard about how the banks accumulated all of this fiat debt and are placing it on the shoulders of tax payers around the world.

  • Maria

    Only one way to solve this problem….

    D E B T J U B I L E E

    Wipe the slate clean and start over!

    I am all for that!

    What do you think, Michael?

    • Michael


      I agree with you.

      Unfortunately I don’t think we have a chance of ever seeing such a thing.


    • mondobeyondo

      It may have worked in the Old Testament days. No way will the U.S. government try that now.

      Oh, they’ll have their “Jubilee” all right. Massive pay raises for the CEO’s of Goldman Sachs, JP Morgan, Citigroup, and Bank of America… Party time, baby!! Woo-hooo!! One more Wall Street bailout, please! Thank you sir, may we have another? (A line from the movie “Animal House”, 1978. John Belushi… Google it…) Jubileeee!!

      What? What was that? YOU weren’t invited to the party? Boo-hoo, maybe next time. How about a 50 cent raise on your paycheck next year?

    • 007

      This May be a great idea but our financial system is based on debt and owned by banks. With massive debt forgiveness off the table, that leaves two other outcomes. Default or money printing and inflation. Both will be horrible.

      • Rev. Reggie Jackson

        007 no matter what we do; the International Bankers/Illuminati kingpins will counter it with something horrible for their world economic collaspe and takeover. And their wicked and evil plan is to make all of us their slaves and serfs eventually. And if you take their coming zombie making mark of the beast chip; they will be successful; at least when it comes to the masses. But the Great God of Heaven will defeat them and have them all in great agonies!!

  • It’s only a matter of time until another “Black Swan” event shatters the final bone to our extremely weak economy. The only question will be where it comes from. Islamist jihadists? Collapse of the ECB (European Central Bank)? Nuclear terror from a rogue nation or group of terrorists?

    Only God knows for sure. I pray that your soul is saved. Until then, prepare your family for a possible very unsettling future.

  • Gay Veteran

    The financial oligarchy (billionaires, Wall Street banksters, multi-national corporations) owns BOTH parties. Obama is Bush’s third term: wars abroad, national security/surveillance state at home, tax cuts. Calling him a socialist or liberal is a sick joke.

    But the financial oligarchy do appreciate the tax cuts. Gives them more money to buy politicians (thanks to our reactionary Supreme Court). And it gives them more money to invest in jobs … in China, India, Vietnam, etc.

    The climate change deniers are even worse than the shills who for years said there was no link between cigarette smoking and cancer, heart disease, etc. They are traitors to our species!

    • 007

      Hate to burst your bubble but the climate has been changing since the earth was formed. Throughout history there have been droughts, famines and massive climate changes. Deserts have become jungles and vica versa. Thirty years ago the expert scientists were convinced we were entering a new ice age. NASA’s latest satellites have confirmed green house gas is not being trapped in the atmosphere, but instead simply drifts into space.

      There may have been moderate and insignificant temperature changes in recent years. However, it is absolute fantasy to believe the climate variations are man made. You should just follow the money to see how Al Gore and company hope to profit from convincing you that the sky is falling.

      • Zedgehero

        Hate to burst yours too, but…..

        Tuesday, May 24, 2011
        Refudiaters’ claims of “fraud” and “hoaxes” show a complete lack of understanding of the scientific process and the motivation that drives scientists.

        In case you didn’t know, scientists do not hang around in back rooms plotting to fool the public. Our aim in life is not to confirm existing dogma; we do not dream of writing paper after paper confirming what everyone already knows.

        On the contrary, our driving ambition is to upset the apple cart, to prove everyone wrong (when that is the case), to revolutionize scientific thinking so profoundly that maybe we get an equation or a principle named after us, assuring years and years of ample research funding.

        If I (and, I daresay, the majority of my colleagues) could prove that the climate is not changing or that human activities were not a cause or that the risks were minimal, we would do it in a heartbeat and our reputations would be made. Suffice it to say no one has been able to do so in a scientifically rigorous way because the evidence points in the other direction.
        End Quote.

        Dr. Bill Chameides, dean of the Nicholas School of the Environment. 23 May 2011. Extracted from: Climate Change Repartee: Report and Retort

        So again you have have been mislead by talk radio or talk TV. Now you are free.. 98 out of 100 climate change scientist say it’s happening, would you go with the same odds if your child had a disease and 98 out of 100 doctors had the same conclusion and treatment? I didn’t think so. Even Huntsman is saying that the republicans are wrong on this,and it’s rare to see an honest politician, screw both parties!

  • DownWithLibs

    Off topic:

    And now amnesty for illegals coming soon, you know, before the election!!!

    • Rev. Reggie Jackson

      Okay DownWithLibs – But remember; the illegals were given easy passage by the Republican’s also. I use to be a Republican’t myself about 15 years ago. Until I noticed how Limbaugh and the Republican’ts talked about black welfare moms like they were sub-human; but allowed the illegal aliens to invade the country with little said. And when I saw the blatant hypocracy in this; I became a conservative independant who will be voting and campaigning for Ron Paul; one of the few last honest politicians!!

  • DownWithLibs

    Anyone know where I can get a pair of those wonderful rose colored glasses that the current administration appears to be waring? They are so completely out of touch with reality that I want to get in on the act too. Might just be the RX I need for my economic depression!

  • Neo

    Nevermind. I’m

  • Steve

    Syrin, thanks! We’re all a little tired of poor Gary2 and hits rants.

  • Michael C. Ruppert calls upon the world’s artistic and musical leaders to take part in the global generational revolution taking place right now. He pulls no punches as is apparent in the title, “SAY MY FU**ING NAME” …

  • Has EveryBody Forgotten That Back In The Nineties That G.W.Bush Would Not, Along With China Sign The Kyoto Treaty Because Of The Irreversable Damage it Would Do To The United States. So WhaT Happens Obama And The Democrats
    Have Done Exactly That,And China Thumbs There
    nose At Them Laughing. Now We Are No Longer The Biggest Pollution Creater in The World.We Are Broke Because Of Arrogance,egotistically self
    centered people who just do not get it or are in complete denial.To Me This is Another Failed Obama Tactic And God Help Us All.

    • Rev. Reggie Jackson

      AlreadyGoneButNotForgotten – It is not all of Obama fault. The International Bankers/Illuminati puppet masters had their great puppet Bush do some very horrible things to hurt America and I watched it in horror. I knew that our Republic was doomed when Bush started doing all kinds of things that would irreversible doom America. And now their puppet; President Obama is finishing us off. They are like 2 peas in a pod. And now the black one is surely burning our bacon!!

  • McKinley Morganfield

    IMO we are going to enter a very rough period within 2-6 months. The price of commodities will rise and rise and rise. The value of paper assets and non-farm real estate will fall and fall and fall. Meanwhile, Bernanke & Timmy crank the printing press all through the night. And eventually the panic will begin.


    • bertaggle

      are you a rollin’ stone?

  • Davey Jones

    Yea the nuts are starting to crack around here. This is Eastern Kentucky, a place more or less used to poverty-and the welfare/nanny cancer state. I figure…12 months and it will be dangerous even taking your groceries home without being tailed by a hoard of mad max rejects. (Not joking)…..

  • Nickelthrower


    Maybe, just maybe, we need to admit that Democracy is a failed institution. First, how can a system that allows 51% to tell the 49% what to do ever work? Clearly it can’t and what we end up with is tyranny of the masses.

    For example, the Baby Boomers make up the largest voting block and can, at their discretion, vote themselves unlimited largess at the expense of those still working. Whether it is right or wrong is immaterial as they have the power to do so – hence, end of argument.

    I constantly have to listen to blowhards go on and on about Democracy. My response always is: “If Democracy is so wonderful then shouldn’t we have MORE Democracy? How about having Democracy in the work place? How about having Democracy at the family level?” I mean, if Democracy is so wonderful then shouldn’t we practice it every day and in every aspect of our lives? No?

    Anarchy offers the only true solution to the problems at hand. It offers the freedom to participate the things you want to participate in (you like Social Security then you can freely join with like minded people) and skip the things you wish no part of. It allows for people to come together to solve problems without creating these monolithic institutions that never go away. It empowers communities to solve problems without the heavy hand of some bureaucracy located 3000 miles away.

    It is how we lived for most of our existence on Earth.

    • 007

      We always have had tribes and leaders and governments and taxes. I agree our democracy is screwed up when half the country can pay no tax and refuse to work and suck the life out of those that do work. It is a recipe for eventual failure.

      • Rev. Reggie Jackson

        What 007OfThe1980’s – Are you blaming welfare moms like the Republican’ts use to do with Rush Limpbrain and other Republican’ts including me!!?? The Illegal aliens are working hard to take American jobs from Americans who do need them and want them. They are not lazy at all. And look at how many black people and white people have been honestly and vigorously looking for jobs for 1 to 2 years now. Are they lazy? Absolutely not!! The International Bankers/Illuminati kingpins got our traitorous Congress to pass NAFTA and GATT, 20 years ago or so and we are seeing the fruit of their de-industrializing America and making us a huge debtor and import nation; instead of a wonderful free enterprise and capitalist mecca of great manufactoring and a gigantic export power!!

    • mondobeyondo

      I don’t think that democracy itself is the problem. It’s the people and groups in charge of the democracy, who do not have the people’s wishes in mind.

      Why does Obama have such a low approval rating?
      Why does Congress have such an even lower approval rating?
      They represent us, don’t they? Well… obviously not.

    • bertaggle

      THIS IS NOT A DEMOCRACY!!IT IS A REPUBLIC!! we are screwed up not because of politicians, but because we the people vote for these idiots!! we are to blame!!!

  • Marz

    ‘The Federal Reserve Note is backed by the full faith and credit of the U.S. government.’ I have no faith in them and they have no more credit! Enough said.

  • Richie

    Those extreme, liberal socialists continue to ask for higher taxes on US corporations and say that they are not taxed enough? Seriously, like it or not, corporations provide jobs which are now getting harder to get! Why? Other countries are business friendly and tax corporations at way much lower rates. Take Ireland which is about bankrupt. It taxes our corporations at 12%. Singapore taxes foreign corporations who move to that country at 8%. We currently tax our corporations at a whopping 35% And these liberals who do not have and ounce of common sense want to tax our corporations more? If Obama and the Democrats are able to do so, more US jobs will go overseas because of it! And these dumb ones continue to wonder why there are no jobs? If
    you saw the 60 minutes special on corporations and why they are moving abroad (slanted to favor the left) but, exposing the fact that liberals have no clue John Chambers, CEO of
    Cisco Systems explains why US corporations are merely asking for a level playing field but, instead are being taxed unreasonably by the dumb politicians in Washington explains it best!

  • William

    When the system crashes, the Wall St criminals who created this nightmare will be laughing at you from their multimillion dollar mansions in Greenwich… with their loot.

    • 007

      All these bail outs and government payoffs are all just people taking the life boats from the Titanic. You need to find your lifeboat.

      • Rev. Reggie Jackson

        Sorry 007 but the only life-boat available is the Great One that Jesus Christ has offered. His Lifeboat will never never fail or be too overcrowded and it will take you to the promised land baby!!

  • Ben Dover

    I think the US is hopelessly divided politically and the best thing we can do is peacefully break into pieces and go our separate ways. The biggest obstacle would be that the leech class knows their corner of FUSA would suck and they would want a piece of somebody else’s pie, just like now.

    My biggest gripe with the do-gooders is that they want to great and noble things, and they want to use MY money. How often does a rich bleeding heart (Bono comes to mind) spend their own fortune to achieve their goals?

    • McKinley Morganfield

      I have long favored dissolving the union and fracturing into regional zones of mutual cooperation, with an understanding that disparate regions will allow other regions to peacefully co-exist. I envision the following regions: New England, the Old South, Texas, the Rust Belt, the Great Plains and upper Midwest, the Rockies, the Southwest, the Pacific Coast, and the city states such as NYC, DC, Chicago, etc.

  • Thank you very much for this blog. It is very high on my list of reading each day. These are scary times but thanks to people like you, many of us are ready for these difficult times. I have invested much blood, sweat and treasure to get prepared and prepared we are. Still I do not look forward to the destruction that is coming. For a glimpse into the future, get a good book on the civil war in the US in the 1860’s and multiply the pain by ten. Remember, the future belongs to the prepared!

  • tank

    On November, 1st, 2010 in the late evening at 22.42 the British parliament becomes the witness of very strange performance of lord James of a baron Blekhitsky which essence was reduced to that he tried to inform members of chamber of lords the fact of existence of a certain strange organization which wishes to give the huge sum of money for restoration of economy of Great Britain and which it in the performance called as “Fund X”.

  • Vincenzo

    Michael, you have to wonder sometimes if gold will really be worth anything in the long run. It may hold its value for a while, but what happens when the everyday essentials become harder to acquire, and people become more desperate just to have enough food and water to live on? Are they really going to care about a South African krugerrand? I am not suggesting we don’t prepare, as I have a couple of coins myself, but I think we need to keep it in perspective.

    • Michael

      There will be a time when gold will be really wonderful to have, but eventually food will be far more valuable than gold


      • Rev. Reggie Jackson

        Agreed Michael!! You can’t eat gold when your belly is empty, and the NWO says that you can’t grow your own food.

  • hung

    Thanks for your updated news. Yes seeing the latest crisis being played out in Europe and USA, the mother of all crashes is coming real soon for sure. I don”t think we have to wait till 2012…

  • mondobeyondo

    So – are the American people going to make it through this crisis?

    And the Chinese say, “Make what? We make almost everything you use”.
    Thank you, I’m here all week! Or at least until the comedy club fires me.

  • john paul

    Most of you do not pay attention to 2012. The Mayans to the chinese were correct. We all live in a world of “robotic” reality without knowing what the next day will bring. The “left brain” emisphere is enjoying for now the control of our life. I love this site, because the economy collapse will happen soon.
    My predictions,
    Dow jones will hit the 9k mark in August
    will be in the 7k in September
    October will be in the 2/3k .

    For the ones that will laugh at this prediction,
    I am a “Chi” master and you will see in October 2011 that I am correct.

    For the love of the light and the changes of 2012

    Chi master

    • Rev. Reggie Jackson

      Great Chi Master but hopefully; we will be strong enough to avoid World War 3 and reject their coming mark of the beast chip that I will also project will come in 2016!!

  • pauly

    Call a spade a spade. The politicians are traitors. 911 comes to mind.

  • The Unicorn

    In the Youtube vid the neighbors should be helping this woman with her sale, donating stuff and be there just to help not complaining.

  • Libertymike

    First, respect no person is who a public sector employee.

    Amongst public sector employees, the worst are those who freely choose to wear Caesar’s clown costumes. Military, national guard, police and the like. They are the hilarioulsy haberdashered hitmen of the state.

    Laugh at, mock and scorn those who wrap themselves in the fabric of “public service” and “protecting [your][our] freedoms”. Ditto for those who support such tax feeders.

    No military person actually protects your freedom. Liberty is your birthright. One’s liberties inhere in one’s humanity-they are not gifts from a prince or some anti-intellctual jarhead.

    Ask yourself, has any military person ever assisted you in the protection of your liberties? For example, has any grunt prevented the IRS from confiscating your wages? Has any Navy Seals sissy ever prevented a bank from rolling over and complying with a Notice of Levy submitted to the bank to take funds from your bank account?

    Ask yourself, has any military person ever interposed himself between a SWAT team serving a warrant, with no-knock, pre-dawn raid tactics? Have any commandos swooped in and stopped DEA agents raiding a family farm which has several acres devoted to marijuana growth?

    How about conducting a lemon-aid stand? Have any brave soldier boys ever taken any action to thwart the efforts of local cops and health agents seeking to shut down the lemnon aid stands?

    Soldiers, by definition, like cops, tend to be bullies, pussies actually. Joining a state sponsored military or para military organization is not a sign of courage. Nor is it a sign of self actualized maturity.

    No, remember, force always attracts scum.

  • Gary2

    How equal do Americans want America to be? In “blind testing,” says Duke University’s Dan Ariely, 93 percent of Democrats in the United States and 90.5 percent of Republicans pick Sweden’s more equal wealth distribution over the more unequal distribution in the United States.

    Yes that’s correct you right wingers-socialist Sweden. Refute that tea bagger terrorists.

    Tax the greedy to help the needy.

    PS-Do I need to explain blind testing???This means that you do not know where on the income scale you will be. Obviously the rich knowing they are rich would choose the current flawed system. The low information tea bagger terrorists would keep the same flawed system in the mistaken belief they will make it out of the trailer park and be rich someday.

    The rest of us with brains, not knowing where on the income scale we would be overwhelmingly choose Socialism.

    Sorry baggers-you loose again.

    • Jake

      Gary2, are you unemployed?

      • Gary2

        No I work and also volunteer.

        • Jake

          Thanks, I try to wade thru the clutter of economic opinions to see where people are coming from. I suspect the answer is somewhere in the middle. I have been called upon to help more “almost” homeless people this year than ever before. I’m coming to the conclusion that govt. can’t fix this problem.

    • 007

      Funny, I read your socialist link. I didn’t see any poll you referred to. I knew it was not true as most Americans do not have a clue how Sweden’s political and economic system work.

  • Dear Michael

    Ok your working part time at Home Depot , and at Sears. Your wife is working at Miky D’s and cleaning houses for over paid Ceo’s. With any luck between the both of you your keeping your heads above water. Your praying that none of your kids get sick. Then some moron comes on the nightly news telling you that there are “good” jobs out there. BLA..BLA..BLA. People have got to start fighting back. Stop voting idiot into office. Both parties need to a over haul and I’m not talking about the “TEABAGGERS”. They are just as nuts as the rest.
    9 minutes ago rate uprate down
    Anyone in the metro Atlanta should try to watch a news segment coming up Monday 5/16/2011 on wsbtv channel 2 – 5PM news on how they are bringing foreigner into GA to fill well paying jobs while Georgians are dying here. GA just passed an Immigration Bill into law but just about 3 out of 5 job listings require Spanish bilingual a plus how hypocritical – wonder if they require one to speak English to get a job South of the border
    12 minutes ago rate uprate down
    I’m promoting my deficit reduction plan. Towards our debt tally all the foreign aid U. N. contributions we’ve made to those countries over the decades and deduct it from our debt. The U. N. contributions include the years when we funded the U. N. pretty much alone. Also to be included is interest on the money given to those countries at the same rate they are charging us. Using that formula I’d be willing to bet that the countries who hold our debt would actually owe us money.
    15 minutes ago +1 rate uprate down
    why should the Goverment care – we take it and vote them back in – a US Senator makes how much a year? with full benefits and a gold retirement package – my plan is to vote everyone in my district and state out of office starting with that head of state who promised change – people were so caught up in rewriting history with having the first black President and primarily young kids who probably never held a job nor paid a bill voted him in office – the guy has no idea what the hell he is doing nor did the one before him – people in Greece not only took to the streets but they are also voting them out one by one. ever call a 800 number to only get a machine – called my internet provider last month to fix a problem only to get a guy named Steve with an Indian accent on the other line – in my book they all have to go and the new elected ones will shape up and get it right – vote them out – unemployment for us all
    32 minutes ago rate uprate down
    Bout time you guys woke up. Out with ALL incumbents and whoever goes in their place make it clear it’s a one shot deal. No more career politicians and for chris sake NO lawyers getting elected to line their own own pockets as hahvahd an yahl teach em. nothin new..i was too old in 91 when i graduated from college, overqualified as they put it..and over qualified for everything i done before that. only solution is think outside the box or sleep in it.
    45 minutes ago rate uprate down
    Willy Wise
    The latest trend by US companies is to either offshore their labor to a foriegn country or hire only foreigners whether legal or illegal. And our sh*thead president is encouraging it by working to bring more immigrants to take our jobs to help the greedy businesess in their quest to hire only foreigners.
    The ******************* sh*thead Obama also wants to give the corporations even more tax breaks to encourage more offshoring of jobs. ******* what a teo faced lying sack of goddamn sh*t Obama turned out to be . And i’m a liberal….
    47 minutes ago rate uprate down
    Bin Laden’s Dead, Just like the US Economy
    (Thanks To Our Sh*t Government)

    Yes our troops did a excellent job of getting rid of Bin Laden but our evil ****************** rotten to the core government also did a fantastic job of helping the corporations and banks to destroy our economy and completely wipe out the job market in America causing tens of millions of foreclosures and massive bankruptcies as the banks suck up everything we own

    It’s called Financial terrorism and our rotten to the core, corrupt as hell government totally promotes it as long as it benefits the banks, the corporations and them with bribes and campaign donations..

    No More God bless America, Land of the free

    Our new Slogan:

    *********************** America, Land of the Greed
    1 hour ago -1 rate uprate down
    I’ve been with work for more than two years – tried getting a real estate license just to do something but never sold any – my wife thank God still works – can’t even get a fast food job because of my BS degree over-qualified – jobs that I’m qualified for now tell me I have not held a full time job in a while – now it a crime not to have a job when everywhere you go there is always some load of BS. I heard here in Atlanta a new Porche plant will open soon cause they stroke a deal with the city just also found out that soon means 2013 and no one knows where to even get an application – if this mess goes on for much longer we are all done – even heard from a friend with a Masters degree that he was denied employment for having too much balance on his credit cards – we are all done I tell you it’s time to start voting people out of office.
    1 hour ago rate uprate down

    Although it appears new unemployment claims have slowed, economists like Gerald Clemente are predicting possible 35% unemployment by 2014. This is Americans unemployed because they can’t find work, NOT the bogus unemployment rate that the government uses. They are only count people actually COLLECTING unemployment. Not the people who did not qualify, those whose ran out, or younger American who have recently entered the job market.

    Every year millions more people enter the job market, Sure some retire but for every 2 people retiring, 3 more enter the job market. So of course you’re going to need more jobs. not less. But the biggest problem is a massive campaign by BIG BUSINESS to offshore every Goddamn American job. If you can’t replace the employees with automation than they must be outsourced is their only goal. Companies that can’t afford to outsource will instead use illegal aliens.

    And thanks to our worthless, greedy, corrupt beyond belief piece of **** government, the corporations have succeeded in offshoring more than 40 million American jobs over the last 25 years. Thanks to all the bribes and favors our politicians received, deals by ******** head Bill Clinton and A s s wipes George Bush JR and Senior, the outsourcing overseas and to Mexico has exploded.

    Even if you stop the outsourcing, we would still have a shortage of jobs because the population is growing fast however when you combine this with massive offshoring of jobs you eventually end up with massive unemployment.

    it’s simple mathematics.
    Population expanding + massive offshoring = massive unemployment

  • Dear Michael

    I went back and made the angry american in caps


    Most debt in Europe is held by banks and about half of these banks are American (investors in European debt).

    The Fed is planning to print more money to bail out all of the above.

    Bailed out banks are expected to invest this free money in US treasuries.

    Where are all the Tea Party protesters at?

    • 007

      Rick Perry is right!

    • drago

      if you recall, biden,kerry, some other big mouthed libs as well as their MSM buddies are attempting to isolaet TP’ers, calling them terrorists… kerry even went to far as to say they dont deserve any media air time. hence you dont hear from them anymore- selective reporting. welkome to obama’s amerika

  • Chris

    Things are only going to get worse. I don’t know who would invest in the stock market right now!

    • 007

      65 percent of trading is now high speed trading with stocks being held on average less than 3 minutes. Now that is amazing.

    • Rev. Reggie Jackson

      Yes Chris!! This will be a great time to buy low and sell low and then lose it all.

  • tony N

    Regarding the SS Disability Insolvency Article–+National+News

    Our Economic Collapse is due too this …… DE-DEVELOP the USA , and the S&P and Obama are part of it

    Actually they are Tanking the supply-side economy on Purpose……UN Agenda 21 ICLEI , NGO’s

    S&P and Obama are part of it

    This Preacher is GREAT !!!!!

    its time for we the people to take back control of Our Monetary Policy and Put Our nation back to work producing our NEEDS not being SERFS and dependent on imports and DE-DEVELOPING our USA !!!!!

  • Gary2

    I think its time for a little wealth redistribution here in the USA.

    The working people and poor need to tax the rich hard and not wait for congress/Obama.

  • john paul

    Invest in yourself first. Blaming things around yourself is a basic method of consolation for most. Are you ready? Do you have the basic needs for October 2011? If your answer is NO, then start now preparing for it. When the communication systems are no longer available from TV to phones, most people will be in serious trouble. Banks will be closed. Plan NOW..
    John Paul
    Chi Master

  • 007

    Good article, it is amazing you so articulately explain our economic crisis while the rest of the media can not even admit we are in a recession. Bad news is frustrating to hear, but everyones only hope is that the public realizes what we are really up against.

  • bobbobbobbob

    u say europe is falling == more bs!! u have the higest divorce rt; u have the highest auto thefs; uhave the highest incarceration rt; ect ect see your own blog “number one not so good categories”. u r a FAILED STATE and cannot compete Mcpain should have won destroying your auto industry!!!! and shipping it to CHINA RULES

  • 007


    Have you received any Government pressure yet to silence your web site yet? I would not be surprised if you don’t face that soon. Especially as your site’s popularity and noteriety increase.

    • Michael

      Well, hopefully I am insignificant enough that they will not even take much notice of me.

      After all, I am just one guy writing some articles about economics.


      • D

        This blog is the first thing that popped up when I searched “economic collapse” in google. I don’t think I had my website cookies entered either. If this is the case, I would imagine this blog gets plenty of activity.

        It is a powerful tool, but I don’t think it is enough for the general population to dig their heads out of the sand. They avoid this type of news because they don’t want to believe it. The elites fabricated the thoughts into the general public that these information sites are types of conspiracies. The greatest “conspiracy” generated by the elite, media, and gov’t is that there are none. This blog has a solid base and clear articulation of basic facts.

        This blog is very helpful for those who want to prepare or have a general spectator interest in seeing everything go down in flames. The big dogs won’t attempt to stop this blog. They are too busy preparing where to move with their dough as they all laugh while watch the carnage.

        • Michael

          Hopefully this site can wake a few people up every day. The general public may be sleeping, but if this site can make a difference for a few people every day then I will be pretty pleased with that.


  • IQD

    Remember the unsinkable Titanic…crashes the iceburg and those aboard who refused to acknowledge the evidence that the ship was sinking. Some continued to party on as the band played not believing their life was in peril. There were those on board who recognized the crisis at hand but were paralyzed by fear to formualte a plan to save their own lives or anyone else’s. The few who reconized the catastrophy that was in their face got one of the few seats on a life raft or found anything at all to serve as a flotation device.

    I certainly hope that come the next round of elections that every elected politician gets a pink slip.

    Everyone of us, every American could have made small changes decades ago when we first started seeing the flaws with the decisions our elected officials were making and yet the party was allowed to continue …and here we are now.

    I do believe that monumental issues also provide monumental opportunities. We can impact millions of people who could benefit from alternate, affordable housing ( think shipping container convertions ), urban small scale farming…find something that is wrong with our society and provide a solution. Millionaires are created when you impact millions of people. We don’t need jobs, we need people who are accountable for their choices.

  • mondobeyondo

    Move deck chairs to edge… futons and sofas, move from starboard to bow… allow first class passengers to relax and get excellent photos of iceberg.

    Yep, nothing to worry about. We’re fine!

  • Charles

    Investing in gold now is a waste of time and money. Invest in a trade if you’re young enough. That can’t be stolen and you can trade your craft for food if need be.

    Stock up today on the things you use. They will be doubling and tripling in price soon. Gold will not be doing that. The risk of gold is all to the downside.

    Many people don’t actually own physical gold, they own gold equities and we all know how that ends. The bookies on WS aren’t going to let you get out of dodge with YOUR money. They’ve set up shop to take it.

  • Bez

    Perspective & priorities are the REAL issues here!
    It is very sad that people are still focusing energy on making money! Even knowing its useless and about to become obsolete.
    Why commit our precious time in life to nothing? LOVE and the understanding there of, focused energy need be! All have the power to obtain enlightenment. Take action to harness this power! When one knows self, the world of change can be!
    Live reality, AND IT SHALL BE!!!! Together, all for one and one for all, reality can be!
    Change is not a requirement, refocusing power may be. Recognize the BEAUTY, and the reality of life may be seen! Thank you to ALL!!!!!!! Keep on focusing your power Michael!!!!!

    • Michael

      I will try Bez 🙂


  • Dee

    Hi everyone and Happy Tuesday.

    • mondobeyondo

      Good Wednesday morning to you, Dee!

  • The creation of a new government agency that will be dedicated to job creation, will only create more government jobs. 😛

    What a joke! The government can’t create jobs. Our only hope is to support small businesses, which create the majority of new jobs.

    And you need to take control of your finances by getting financial education. The market is rigged against you. Your IRA and 401K are in danger of becoming worthless.

    Learn how to leverage the financial crisis to create wealth and protect your family.

  • Crazy Horse

    We are at the end of the American Era. And its natural for all things that go up, to go down too. We are now officially in an “era of collapse”.
    The best we can now do is play golf.
    A round of golf teaches us 18 times, that when we hit a golf ball UP into the air, it finally ends up going DOWN into the HOLE!
    End of story…

  • Here is current US Economic Data:
    Econoside | Latest Economic Data

    USA > Market Focus

  • Our society is definitely collapsing, physically and economically.
    We are heading back to a more simpler times.

    – C.M. Banks

    (click on my profile name to go to my blog to see my full video)

  • It is perfect time to make some plans for the long run and it is time to be happy. I have read this submit and if I could I desire to recommend you some attention-grabbing issues or suggestions. Perhaps you can write next articles regarding this article. I wish to learn more things about it!

  • you are right sahara

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