The Beginning Of The End
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Economic Recovery?

If this is supposed to be an "economic recovery" it sure is pathetic.  In fact, as you will read below, the numbers tell us that this is the worst economic recovery that the American economy has ever seen.  If what we had experienced was a "normal" recession and a "normal" recovery, then jobs, economic growth and home values would have come roaring back by now.  But they haven't.  The Federal Reserve injected unprecedented amounts of new money into the system and the federal government went into unprecedented amounts of new debt, but all of that effort has not accomplished much.  It did buy us a little bit of time and a period of relative economic stability, but now there are all kinds of signs that we are about to go into another recession (or something even worse).  So is it really honest for Ben Bernanke and Barack Obama to be using the term "economic recovery" to describe what is happening?

The truth is that what is really taking place is that the long-term economic decline of the United States is beginning to accelerate.

But most Americans simply don't understand what is going on.

The mainstream media teaches us to blame our politicians for the economy.  One recent survey found that 44 percent of the American people believe that the U.S. economy is "worse than when Obama was inaugurated".

Yes, Barack Obama is a horrible president.  But the economic downfall of this nation is not all his fault.  George W. Bush was a horrible president too.  So was Bill Clinton.  Congress has been corrupt and incompetent for decades.

Of course the institution that is most responsible for our economic problems is the Federal Reserve.  Thankfully, more Americans than ever are starting to realize this.

But if you listen to Ben Bernanke and Barack Obama, you would think that a great "economic recovery" has begun.  They would have us believe that they know exactly what our problems are and that they know exactly how to get us out of this mess.

Unfortunately, what we have experienced is not much of an "economic recovery" at all.  According to the Wall Street Journal, this is the worst "recovery" from a recession that the U.S. economy has ever seen....

On economic growth, real GDP has risen 0.8% over the 13 quarters since the recession began, compared to an average increase of 9.9% in past recoveries. From the beginning of the recession to April 2011, real personal income has grown just .9% compared to 9.4% for the same period in previous post 1960 recessions.

So what is really going on?

Sadly, what we are experiencing right now is a brief period of stability in the middle of a downward spiral toward economic oblivion.

The CEO of Pimco, Mohamed El-Erian, says that it should now be obvious to everyone that all of the efforts of the U.S. government and the Federal Reserve to stimulate the economy simply have not been enough to solve the structural economic challenges that we are facing....

"It's clear that the stimulus-induced recovery hasn't overcome the structural challenges to large-scale job creation."

The U.S. economy is not producing enough jobs.  Today, there are 25 million Americans that are either unemployed or underemployed.

But the inability to create jobs is not a new phenomenon for the U.S. economy.  The truth is that between 2000 and 2007, the U.S. economy had its poorest stretch of job creation since the Great Depression.

However, since 2007 the employment situation in this country has gotten a lot worse.  Take a minute and watch the stunning video posted below.  It shows how rampant unemployment swept across this country between 2007 and 2011....

Our politicians promised us that globalization would be great for the U.S. economy.

Well, it was great for the big corporations to be able to pay slave labor wages to workers on the other side of the globe, but things have not worked out so well for workers in this country.

Millions of our jobs have been lost.  Millions more jobs are being lost.  Yet our politicians do nothing to stop the bleeding.

Things have gotten so bad that even the top of the food chain is shipping jobs overseas.

Just consider this recent headline which appeared in Business Insider: "Goldman Sachs Is Firing Employees In The US So It Can Hire 1,000 In Singapore"

If even jobs at Goldman Sachs are being sent out of the country, are any of our jobs safe?

Many Americans would love to start a business instead of having to work for someone else, but the economic environment has become incredibly toxic for small businesses in the United States.

The rate of new business creation in the United States has been declining steadily since the 1980s.  Our politicians are literally choking the entrepreneurial spirit to death in this country.

Today, more Americans than ever are dependent on the government.  In fact, it has gotten to the point where the U.S. economy itself is highly dependent on the government.

So what is going to happen when the government is not handing out so many goodies?

The era of rampant spending in Washington D.C. seems to be coming to an end, at least for now.  The U.S. national debt has become so outrageous that many members of Congress are finally determined to start making some cuts.

While it is true that cutting government spending is long overdue, most Americans don't realize that cutting government spending will also mean that "the economic sugar high" that we have been experiencing will start to wear off.

If we try to live within our means, that is going to cause a lot of economic pain, and the American people are not too good about making sacrifices these days.

Look, whoever is elected in 2012 is going to be in for a rough ride.  Some very difficult economic times are ahead, and whoever is elected in 2012 is going to get blamed.  By 2016, the president is probably going to be the most hated person in America.

But the truth is that these economic problems have been building for decades.

We didn't get here by accident, and our economic problems are not going to be solved overnight.

In fact, many financial analysts are warning that they are about to get a lot worse.

For example, David Rosenberg of Gluskin Sheff says that there is a 99 percent chance that the U.S. will fall into another recession by the end of 2012.

As the economy continues to crumble, U.S. cities will become increasingly hostile places in which to live.

According to a recent Rasmussen Reports national telephone survey, 41 percent of Americans say that crime has increased where they live over the past year and only 6 percent of Americans say that crime has decreased where they live over the past year.

But just wait until the economy really collapses - that is when all hell will break loose.

In a recent article entitled "Is The Economy Improving?", I quoted statistic after statistic that showed that the U.S. economy is actually continuing to decline.

The American people are starting to lose patience.  In fact, people all over the country are starting to get more than a little crazy.  For example, there is a now a national "epidemic" of people robbing pharmacies in order to get a hold of painkillers.

Pharmacists all over the country are being robbed at gunpoint.  Some prescription painkillers will reportedly sell for as much as 80 dollars a pill on the street.  As a recent article in the Washington Post noted, things are getting really dangerous out there for pharmacists....

“It’s an epidemic,” said Michael Fox, a pharmacist on New York’s Staten Island who has been stuck up twice in the last year. “These people are depraved. They’ll kill you.”

Armed robberies at pharmacies rose 81 percent between 2006 and 2010, from 380 to 686, the U.S. Drug Enforcement Administration says. The number of pills stolen went from 706,000 to 1.3 million. Thieves are overwhelmingly taking oxycodone painkillers like OxyContin or Roxicodone, or hydrocodone-based painkillers like Vicodin and Norco. Both narcotics are highly addictive.

But this is what our country is turning into.

We are a nation of addicts.

Our national addiction to debt and our national addiction to greed have brought us to the brink of economic disaster.

If you are waiting for an "economic recovery", you should stop waiting.

This is about as good as things are going to get.

From here on out, things are just going to keep going downhill.

Most Americans are going to be absolutely blindsided by the economic collapse that is coming.

But that doesn't have to be you.

You still have some time to get prepared.

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  • Steve

    Check out the great Conservative economist Martin Hutchinson’s “Alchemists of Loss” for a perspective of why the meltdown occurred and how to change the financial system in order to prevent an occurrence.

    • moses737

      Steve – Are you saying that there is a way out of this economic nightmare? I will check this out. But I think that these new world order devils have been robbing the nations for 250 years and they have gotten great at it. But just in case.

  • Hognutz

    Aint nothing going to change until “We the People” break out the tar and feathers…….

    Wake the hell up sheeple, cant you see what is being done to y’all?

  • Johnson
  • OldPhart

    Too bad the wrong choice was made at the wrong time. This was all predicted.

    http://www.youtube.com/watch?v=xQ7kn2-GEmM&playnext=1&list=PL1E74DA8C1718C76A

  • Paul

    Well, I’m busy as hell and we are looking for people. We need to increase our personnel by 30% if we are to handle all incoming orders.
    The job advertisement is out for half year and there is no one who applies. And the requirements are not that stringent – the applicant needs a bachelor or master degree in our discipline. And the only applicants we had so far have worked in the industry at the lowest level and never have seen an university from the inside.

    So, my advise to everyone interested in investment – invest in education, your own and that of your children, nephews and nieces.

    We got our first niece through college, the second just entered. Their parents couldn’t afford it.

    • moses737

      Where are you at Paul? In the swamp lands of Louisiana? What state has that many jobs that the illegals haven’t stolen; or the corporations haven’t fled America? Or the Chinese doesn’t already own, lock, stock, and barrel? Tell me something good.

    • middleClassMan

      Are you for real? Your post seems like a farce.

      Do you really expect people to have at least a bachelor’s degree to handle “incoming orders?” I don’t know exactly what “handle” means but it must be very complicated.

      If you want more responses, lower your requirements to a high-school diploma.

  • Ben Dover

    Main street didn’t get the memo concerning starting s recovery.

    In my adult life, during “recoveries” things have never seemed to get as good as they were before.

    Like the picture. Something about hott, desperate women.

  • http://www.1913intel.com Matt

    It’s so hard for people to understand why things aren’t getting better. Here are a couple of examples to you understand better:

    1. Imagine a large sandpile where the sand never stops falling. Over time there are going to be hills, valleys and mountains that develop. If a hill or mountain gets too steep, then it may start to collapse.

    What would happen if you put you hand on the collapse to prevent it from happening?

    You could prevent this collapse, but as the sand keeps falling the hill/mountain will be prone to even bigger collapses. You could put your hand on another collapse, but eventually you’ll run out of hands. Also, the collapses will keep getting bigger and bigger, and come faster and faster. Eventually, the sandpile will become so big and unstable that it will experience a crash so large that everything gets wiped out.

    2. What happens to a forest if you put out every forest fire?

    Eventually the forest will build up so much dead wood and brush that a fire will be impossible to stop. The entire forest will get wiped out.

    What do the economy, sandpiles and forests have in common? They all move into the future in the same way. Each future move builds on prior ones causing a feedback loop. This causes each of these systems to crash.

    How can we avoid large crashes? By embracing small and intermediate ones.

    Since the Western world and Japan have worked very hard to suppress crashes or recessions, that means we are now at the point where the entire sandpile is going to come crashing down. Game over.

    One historian said that if our current pain level is a 2, then it will eventually reach a 10 before this is all over.

    What does this all mean?

    You need to prepare with food, water, gold, guns and shelter. Be prepared for war.

    Did you know that Russia and China are in a pre-collapse state? America, Europe and Japan are in an economic pre-collapse state. The Middle East is in a collapse state.

    What would happen if Russia, China, America, Europe and Japan all start to crash? Think war.

    In a sandpile, it is likely the mountain would not crash first. It is more likely that a hill will start a crash that eventually brings down the mountain. So to in the real world. It is likely that an event in the Middle East will start a war involving America. Be prepared.

    • Ben Dover

      One would be a fool to think that China is not eyeballing Siberia. Lots of useful resources and much closer than North America.

      • Markus

        China is not eyeballing Siberia at all.
        Ever heard of the Shanghai Cooperation Organization??
        Be certain that if US defaults, both Russia and China will cope far more better than expected. The reason is that they are both prepared for it.
        Main change will be that the dollar will lose its force and global transaction will be made with currencies backed by commodities.
        After the default, US won’t be able to pay for its troops and myriads of bases around the world.
        American influence will cease especially in the middle east and thus cheap oil supply will end.
        Austerity is coming.
        Regards
        Markus

      • moses737

        Great Analogy Matt. But you forgot to mention who is pouring the sand; and how can we stop them from pouring it so fast; that it will eventually cause a great collaspe. And the answer is; the International Bankers/Illuminati has bribed and brought our Congress and whole government. And they even own our President. And now we have to find a way to cut them off; and greatly limit their control over our government and country.

        But dont’ worry! After these devils have enslaved the whole world with their coming mark of the beast chip in everybodies forehead or hand; and after they have martyred and killed millions and millions who wouldn’t take their zombie making and mind controlling, mark of the beast chip; the great God of heaven will defeat their whole antichrist beast system and have them all in the lake of fire and brimstone; for some very agonizing and horrible tormentings. While we that know and serve Jesus Christ will be living like gods and goddesses on the renovated and beautified Earth.

      • moses737

        What Ben? China and Russia are cousins. And they are still communist. And they would both rather attack America; than each other. And it has nothing to do with each others resources; when they have the resources of the whole world for the taking.

  • William S

    The only “Economic Collapse” that is going to happen is against the responsible. If you are a saver, responsible, have morals, and try to do the right thing, you are going to be reamed and eventually bludgeoned to death in the coming years.

    On the other hand, if you can learn to be irresponsbile with your money; if you can learn to love debt and use it to your advantage; if you can learn to be dishonest, to lie, cheat and steal, well, you will thrive in the new money printing paradigm where it is not what you do, but what you say that is important.

    Listen, I respect all of you doomsayers and your predictions, however, you are looking at it the wrong way. Yes, our way of life is changing—to thrive in the “new world order” you just have to redouble your efforts to be selfish; to be intelletually dishonest; most importantly, you need to learn to love debt and redefine what it means to be financiallyr responsible. Under the “new world order”, being financially responsible means doing your part to create fiat money—-that is accomplished by using credit—borrrow to the hilt, and when you can no longer pay—-just squat, declare bankruptcy—-just adapt and you will be fine.

    So you see, no worries—-you just need to change your value system and you can thrive in the new world order.

  • NUF

    Re. Steve (comment 1): “…how to change the financial system in order to prevent an occurrence”

    Ahhemmm… it is already TOO LATE to change the financial system – after this plays out there will be nothing left to change.

    Think “crashing ito a brick wall at 120mph”
    Will remedial driving lessons help this hapless driver?

  • Macnasty

    Darn Michael I love these articles they are an addiction too,got and e-mail from a friend which states that this is exactly what the POTUS wants, this is the change part,the hope part is if we survive.

    • Michael

      Yes it is true – the global elite do not always want stability. In fact, they very much believe in “order out of chaos” and many people believe that they will try to use the coming economic problems to reshape the global economy the way that they want to.

      Michael

  • http://www.youtube.com/safearmsreview SafearmsReview

    The facts show we are heading down a dark road & those that are not prepared will suffer. All we need is one natural &/or man-made disaster to kick us off the edge of the abyss. When that happens (not IF) we will see even higher crime, more unemployment & at worse, the collapse of the U.S. dollar as the world reserve currency. The time to prepare was YESTERDAY! Get your emergency supplies of water, food, medicine, guns, ammo, etc while you still can before super-inflation hits (tho it seems it already has = wheat up 80% since last year, etc).

    Thanks for keep up informed & keep up the good work. P.S. I would love to see an article about your personal preparations &/or what you think ppl should do to prepare.

    • Missy

      I know many people like ourselves don’t have a ton of money to go out and buy stockpiles of gold, so what does the common person do? Personally, I think the most daunting part of knowing there is going to be a collapse, is not knowing HOW bad things are going to be. Do you buy a gun or don’t you? Can we trust our neighbours? I guess one thing I have been pondering on is really trying to get to know the people around us, because like a fence, they are our line of defense. We can be there for them, as they can be there for us. Like many of the people who comment on this site, we are stocking up on dry food. We know in the next coming months we are going to make even more of an effort to stock up more. You know, we can stock up the best we can, but we also know that we trust in Almighty God. There are so many reports around the world where people pray in Jesus’s name and are able to feed hundreds with very little food. We are going to do our best to prepare the best we can, but also knowing God will not let our faces be dragged in the mud. There is a couponing show called “Extreme couponing” The show is a great way of learning how to stock up on next to free food. I think it will be the hardest on those people who live in condos, and apartments. Even then they can make ways of getting prepared. We are all trying.

      • moses737

        Yes Missy!! The best advice available is to trust God and know Him personally. And go to other websites like, http://www.americaslastdays.com so that you can hear what God is saying to other people concerning the end.

        • Missy

          WELL AMEN BROTHER!! That is David Eells website!! Are you associated with him? You know my all time favorite prophecy club video was that of David Eells. He talked about how his sons split their heads open and they stood on prayer and they were healed. His testimony was very very encouraging. He also mentioned that when his child was born, it was blue. It was a home birth, and they stood on prayer, and the baby was healed. His testimony is amazing. We have a VCR tape around here that a friend gave us, and I have been meaning to dig it out. THE SAD thing is Prophecy club no longer sells that video. I might have to write them to get a dvd copy, as our old VCR finally has stopped working. Thanks for that link.

      • heyletsevolve

        Such delusion. Look at history — there is NO proof of what you claim. For thousands of years the most faithful people in the Abrahamic traditions have been slaughtered mercilessly, as well as doing the slaughter themselves. I mean, this kind of statement is just so insane, you are living in a totally brainwashed delusional state that will not help you. Jesus is not going to stop the destruction. Faith in the Abrahamic God and in Jesus has more often than not caused people to be burned alive. That goes for other traditions as well. Faith and spiritual power have not stopped the Tibetans from being slaughtered by the Chinese — and those people are some of the most spiritually evolved and powerful people on the planet. It doesn’t mean we shouldn’t awaken as we can, but don’t think for a moment that your personal faith can stop the juggernaut we’re all a part of.

  • SoObvious

    So amazing is it not people?

    Though the main stream news media made up of extremely wealthy publishing/media families tries to distract the main population from the daily horrors and impending danger, yet they still cannot hide it from us.

    The very same news media elite can’t hide the economic train wreck disaster that is heading straight head on for the United States and the rest of the world.

    Take for instance the TV commercials GOV.com “preparedness”, or NASA’s recent warnings to “NASA families about being prepared”, or the NYC/NJ “If you see it report” campaign, or the many other horror stories thrown into the mix bag of news about Layoffs, bankruptcies, debt, Companies closings to name a few.

    That is why most of us Totally APPRECIATE Micheal’s SITE, because he does all the leg work for us.

    Michael sifts through myriads of Bull crap main stream news combined with his acute sense of economic reality to write about the “REAL” impending horrors that are most definitely coming to our shores.

    Michael’s stories most definitively have our best interest in mind.

    We should all take time in our daily prayers to pray for Michael and his family and help him in any way we can.

    Money, donations, time, clicking on ads, contributing to his comment sections in a supportive way or whatever way helps to keep His site alive and well for many, many, years to come.

    • Michael

      SoObvious:

      My wife and I definitely appreciate the prayers and friendship from the people on this site. I read every single comment and I am always impressed by how sharp and informed the people that visit this site are.

      Michael

    • Gary2

      Yes-even if I do not always agree with Michael he does a wonderful job on both of his web sites.

      PS-Michael I planted some tomato plants to go along with my raspberry plants I told you about earlier. This prepping thing is kinda neat!

      • Michael

        Great job Gary! Let us know how the tomatoes turn out.

        Also, I want to make a comment about something Gary said. Very few people that come to this site are going to agree with 100 percent of what I write, and there is nothing wrong with that. I value the people that have very different viewpoints on some issues (such as Gary) that keep coming back to the site and that leave comments which keep the debate going. I think that we can all learn from each other.

        We are all never going to agree 100 percent on everything. But hopefully by debating the issues things are starting to become more clear for all of us.

        It certainly beats letting the mainstream media do our thinking for us.

        Michael

        • Missy

          It is true, everyone is going to have their own take on an issue, and that is great. The best thing about this site, is we can learn from one another. We haven’t tried planting tomatoes or raspberries yet, but we will next year. Way to go!! I am sure they will be yummy!! Yum Yum !!

  • TK

    A nation of addicts is absolutely correct. Most Americans are addicts to self-gratification, and will turn to wickedness in their pursuit of gratifying self.

    It seems that taking joy in helping others and living a clean life has been abandoned at large by the American populace. The blame for this belongs mostly to the church, instead of being the moral standard for America based on the Bible, they have lowered the moral standard to move more people into the church. In an effort to grow the offerings and size of the church, any sin is considered normal.

    We can not blame this on our circumstances either. There are poor people all over this world who do not resort to stealing or drugs to escape the reality of being poor. There are millions who are perfectly content with their lot in life.

    Proverbs 27:20 Hell and destruction are never full; so the eyes of man are never satisfied.

    • Ben Dover

      Scary to watch people and see what zombies many are and contemplate having to keep them at bay in a crisis. Their numbers will be great.

    • Hank

      Great response! Third paragraph says it all.

  • credit card nation

    we’ll have plenty of fresh printing and borrowing on tap once the republicans cave in(and they will), which will pump trillions into the banks and wall street.if the economy so wonderful, why are we borrowing trillions just to get by?

    • Ben Dover

      Repubics cave? Ha! never happen!

      Excuse me, I lost my mind there, just for a moment!

  • Pete B

    I always enjoy the commentary here.The author is very well informed and very even handed. I would like to say that I believe that one man in our nations history had it right,and that was Andrew Jackson,our greatest President.He was the one responsible for disolving the first bank of the united states (precursor to the federal reserve) and paying off the national debt through the sale of Western lands.As unimaginable as it is,in 1835-1835 the country was totally out of debt.It is criminal that the legacy of this great man has been squandered by thieves and crooks,but by 19th century standards,most people today in politics are bumbling incompetents.The sad fact is that our current state of affairs is the result of a serious lack of character,both in our leadership and our people.We all share in the blame for squandering what our forefathers have made for us.We all collectively deserve what is to come.

    • Ben Dover

      Ironic that Jackson ended up on a FRN. Surely a face slap by the banksters running the Fed.

  • Perry K

    “Yes, Barack Obama is a horrible president. But the economic downfall of this nation is not all his fault. George W. Bush was a horrible president too. So was Bill Clinton.”

    Well said! In each election I voted for someone else, but I did vote for Reagan and Nixon. Also big mistakes. I don’t think it matters which puppet we vote for . . . the corporations are still the puppet masters.

    In defense of Obama, it would be even worse if he said the economy is not recovering. If he is nothing else, at least he is cheerleader-in-chief. I had hoped for more but got what I expected. At least he is buying some of us some time to prepare for life in America without a middle class.

  • Erik

    Amen, glad this pointed out that economic decline has been building over decades. Bush Jr. finished burning the house down, while Obama sits there and kicks the ashes around and then pours salt on the ground so nothing can grow again.

    Every job opportunity I look at has a minimum of 30-40 applicants. Some are much more.

    This truly is a depression, and we haven’t even seen the worst yet. Economic collapse is a real possibility, as what was once a snowball is becoming an avalanche. Focus on strengthening your faith, family, and firearms for what is ahead.

    • Gary2

      also the pay in these jobs is also poverty level.

    • moses737

      Sorry Erik. But I watched Clinton destroy our nuclear arsenals and military. And I watched him allow the Chinese to raid our military technical/computer labs. And watched Bush Jr destroy the economy and Obama finishing us off. This was an elaborate scheme of the International Bankers/Illuminati who want to bring America down economically.

      So they can have their solution; A One World Luciferic Government that will enslave you and force you to take their mark of the beast chip in your forehead or hand; according to Revelation 13 and 14. But Rev. 14:9-11, says that if you take their Mark (chip), you will be forever tormented 24/7. Why? Because it will mean that you have chosen Satan and his antichrist beast leader to be your lord and god. Instead of Jesus Christ and His Heavenly Father.

      • heyletsevolve

        Do I get to choose Jesus AND nuclear arsenals? Because they really go together. As Jesus clearly stated, Bomb Thy Enemy and Kill Your Neighbor as You Would Kill Yourself.

        Oh wait . . .

  • John S

    “By 2016, the president is probably going to be the most hated person in America.”

    The only good that would come from an unfortunate Obama re-election. He’d be the lamest of lame ducks and a Republican Congress might get something done that isn’t completely destructive to the U.S.

  • Mad Max

    Think this is bad. Keep living. You’ll get a huge chuckle out of the next fake recovery.

    FIGHT THE CAUSE – NOT THE SYMPTOM
    OsiXs (Common Sense 3.1)

    • Ben Dover

      My wife lived the Soviet meltdown and later the Ukrainian crash in the 90s. She laughs at our current “crisis” and says we have not yet seen a real crisis.

      • Missy

        That is an interesting comment Ben. I met a hairdresser from Russia, and she could see all the signs that a crash is coming to our nation. Some people have been through the real horrors of a collapsed economy. The worst part of her experience, is she said the GVT wouldn’t help what so ever. They could care less, she said. I suppose when the gvt has nothing left to give they cannot help. That is what we are facing as well in the next 10 years if not sooner. Ah* Here is the gist of the site, – You and I know in advance. We can prepare. We are able to deal with the stress and just prepare for the storm. I feel bad for the people who are still buying and selling, getting married and the storm arrives. At least we will be calm when it comes because our boats will stay a float. Stay calm and carry on. You are armed with the facts, where as many people have no idea what is going to hit them. We need to pray for our nation, and pray for our neighbours.

      • CatNap

        @Ben D.
        Had had a conversation with a guy from work who came from Russia and endured what your wife did. His advice: above all-Get Out of Debt! Revolving or otherwise, you don’t want to owe with what is coming. Close second: Own Gold and Silver.

  • http://newpapyrusmagazine.blogspot.com Marcel F. Williams

    The US government is spending nearly a trillion dollars a year to protect ourselves from hostile nations that lack freedom and democracy, yet we continue to send jobs and import products to these nations that we are trying to defend ourselves from. IMO, a 10 to 100% import tax should be placed on all products imported from countries that are not free and democratic like China and Saudi Arabia.

    But its really our hyper expensive government and private health insurance system that is killing jobs in America. Obama care only forces people into the arms of the private health insurance companies which operate the most expensive and inherently inflationary health insurance system on Earth. The idea that the Republicans want to force people on Medicare into the highly inefficient private health insurance system should be viewed as Obama care part 2.

    • Ben Dover

      If you think health care is expensive or inefficient now, wait until it is “free”.

  • El Pollo de Oro

    There’s a reason why this doesn’t feel like a “normal recovery from a normal recession.” This is not a recession; it is a depression. The Banana Republic of America (the Third World horror movie that used to be the United States) went into a recession in 2007, and a full-fledged depression began with the crash of September 2008. And there is no recovery. The depression remains, and it is only going to get worse—much worse, in fact. All the stimulus, bailouts, etc. of the last three years have not cured a very sick patient that is going to get a whole lot sicker. Steve Cordasco, an economist who does a weekly talk show here in Philadelphia, has described this economic mess as a “managed depression”; that’s a good way to describe it, but the depression of 2008-2011 won’t be manageable much longer. The BRA will be going into what Gerald Celente calls “The Greatest Depression,” meaning a depression that will be even worse than the Great Depression of the 1930s. And when that happens, all hell will break loose.

    Get ready for food riots and civil unrest that will make the Los Angeles riots of 1992 look like a picnic. Get ready for violent crime to skyrocket. Blood will flow like rivers through the streets of The Banana Republic of America. Here is what the BRA will resemble in the future:

    ***Raskol gangs of Papua New Guinea
    ***Hillbrow, Johannesburg
    ***Barrio Tepito, la Ciudad de México (que ten cuidad el Barrio Bravo de Tepito, guay, porque en aquel barrio hay mucho peligro).
    ***Favela slums of Rio de Janeiro
    ***Maras of El Salvador and Guatemala
    ***Kidnapper gangs of Manila, Philippines

    Kidnapping, carjacking and drug trafficking will be major growth industries in the BRA. Things are going to get really nasty, and millions of formerly middle class Americans will find out what it’s like to be dirt poor, broke, hungry, malnourished and just plain desperate in a Third World hellhole. Many of them will turn to violent crime when their lives go from bad to worse.

    God help The Banana Republic of America, formerly known as the USA.

    • Gary2

      Also remember the DPDDTT that will be levied on the rich. The rich can pay now by agreeing to MUCH higher taxes or they will pay later when the Desperate People Doing Desperate Things Tax is levied on them.

      • El Pollo de Oro

        Gary2 in Wisconsin: As someone who has been in about 15 different countries, I’ve often said that if I made six or seven figures and had a choice between living in Germany, Switzerland or the Netherlands (which have rich people and poor people but are mostly middle class) or a Third World country with a 2% filthy rich/98% dirt poor scenario, I’d take the Netherlands in a heartbeat. I’d much rather pay Dutch tax rates than live in a country where I’d be paying lower tax rates but would need 24-hour bodyguard protection for my relatives so that they wouldn’t be kidnapped. There is no DPDDTT in the Netherlands–gypsy pickpockets on the Metro in Amsterdam, yes, but no DPDDTT. But in many parts of Latin America, DPDDTT is the norm.

        • Markus

          If you really want to live in Holland then i’d suggest Delft or Utrecht.
          If you really want to live in Europe then i’d suggest these places:
          1. Tuscany
          2. French Riviera
          3. Southern Dalmatia
          Regards
          Markus

          • El Pollo de Oro

            Markus: Yes, Tuscany’s really nice. I’ve been in Firenze and speak a fair amount of Italian. The funny thing is that even though I’m an American from Philadelphia and grew up around a lot of Southern Italian-Americans in this part of Gli Stati Uniti, I’ve had people from Italy tell me I have a bit of a Tuscan accent when I speak Italian.

    • Notreally

      Crime will shoot up but one thing will be different then your South American comparison, those countries like the Philippines do not spend a lot of money of policing the people.
      the wages of police in those countries are disgustingly low. Poverty level.

      The corporate elite here in the BRA spend quite a bit on police salaries and expect them to keep order and raise revenue through tickets and violations.

      The response to South American crime here in the BRA will be very harsh, that is why we are known as a police state.

      • El Pollo de Oro

        Notreally: You’re absolutely right about how underpaid the police are in many Latin American countries. As a result, there is a lot of police corruption in those places. When you’re getting mugged, carjacked, or kidnapped in Caracas, la policía just might be helping the criminals.

        I think that in the future, the BRA will be a crime-ridden police state. A friend in South Philly recently asked me, “Aren’t you contradicting yourself? Wouldn’t a police state automatically be low crime?” Not necessarily. Countries with a lot of human rights violations aren’t necessarily countries with low crime rates.

    • bobbobbobbob

      i started reading your comments about 8 mos ago and i now use the term BRA THANKS TO U. BUT YOU dont get specific enough WHY did these things happen??? ans is specific laws promugated by the Republican and blue dog demterrorists who support the WASP ceos. to be specific U idiot americans dont even realiZe the rich through their surrogates make U pay for jobs that they export that put americans out of work with tax credit for exporting jobs. all republicans recently voted again for this. the rich pay only 15 percent tax on dividends and hedge fund managerS again only pay 15 percent tax max

  • realist

    Michael,

    Great post as per usual. When you say “get prepared” in the conclusion of this article, what are some things you are doing to get “prepared”.

    I agree 100% we’ll be in for some perilous times. However, I’m still not at the point of point hordes of gold/bullet/bomb shelter phase… yet. :).

  • mondobeyondo

    I clearly remember the recession of 1981-82. It was bad. I was a junior in high school. Dad got laid off. People were in the streets chanting, “Reagan, Reagan, he’s no good, send him back to Hollywood”, and Billy Joel’s song “Allentown” (about the decline of the steel industry) was on the radio. Chrysler declared bankruptcy. I managed to find a part time job at Burger King in the summer of ’82. It was not a happy time. But we were able to bounce back. This was long before NAFTA and globalization. The U.S. still had a manufacturing base.

    But this… THIS recession (depression), has a whole different feel to it. It’s more like the “Dirty Thirties” of the Depression, than any previous recession. The economic base has been gutted and sold off overseas. The steel industry will never come back. Yes, there were hungry children in ’82. But there’s lots more of them in 2011, and if not for food stamps, many kids would be downright starving. President Reagan famously said, “Government is not the solution to the problem – government IS the problem!” Well, government is far more invasive now than it was then.

    And then there are the myriad of issues we have now, that we didn’t have in the early 80′s. Over $14 trillion in debt. A bloated government bureaucracy. A broken health care system. Good paying U.S. jobs fleeing to third world countries where their employees are paid a tenth of what a U.S. worker would be paid. A bad business climate in the U.S. which stifles any incentive to begin a new business, and makes existing businesses flee to greener pastures. For the first time ever, I am not optimistic about the long term future of this country.

    It’s easy to blame Barack Obama for all this. President Obama can toot his horn all he wants about “job creation” and “recovery” – things are not getting better under his watch. But after January of 2013, he may find out what the rest of us are feeling. He may find himself unemployed himself. Evicted from the White House by the American people.

    • El Pollo de Oro

      Mondobeyondo: Very insightful comments. I also remember the recession of the early 1980s (as well as the recessions of the early 1990s and early 2000s). The early 1980s recession was rough. I knew a lot of people who were laid off, especially on the blue-collar side. I had one sociology teacher who, in 1982, claimed we were in a depression. My response: “yes, times are rough, no doubt about it. But some of my older relatives lived through the Great Depression of the 1930s, and believe me, this is a walk in the park compared to that. I hope to God I never have to live through a depression.” America bounced back, and Reagan got re-elected by a landslide in 1984. Well, fast forward to 2008-2011, and Americans are living through the very thing I hoped I would never have to live through: a depression. This cuts much, much deeper than the recessions of the early 1980s, early 1990s, or early 2000s. The pain is much more widespread this time. Those recessions felt like a bad case of the flu that you knew would pass eventually—this depression feels like a permanent state of illness with no end in sight. These are very dark times that we are living through. And I concur with you: for the first time ever, I’m not optimistic about the country’s long-term future.

      In the words of Bette Davis, “Fasten your seatbeats. It’s going to be a bumpy night.”

    • Gary2

      People should have voted for Ralph Nader. They had plenty of chances to do this but stupidly did not.

      • Afi K. James

        I Didn’t vote for ralph nader, nader is pro-united nations, I Voted for chuck baldwin instead 3 years ago.

    • mondobeyondo

      Another blast from the past, circa 1981:

      “I’m proud I’m an American
      I’m glad that I am free
      But I wish I was a little dog
      And Reagan was a tree.”

      And you thought the vitriol against Obama is something…

  • Maria

    The American economy is behaving EXACTLY as it has been designed to behave within the framework of the global central fiat banking system. The American dollar is being purposefully devalued to destroy the entire world’s economy…an economy that has been forced to use the dollar as the reserve currency…a fiat system where central banks completely control interest rates, money supply, financial instruments and credit availability.

    Are we a nation of addicts, or have we been force fed credit dependency? We are a nation, like many others, that naively allowed multi-nationals to run our country into the ground! Are the people of poor African or South American countries guilty of greed as well? Of course not! But they are forced into indebtedness to pirahna-like banks and corporations that are stealing all of their natural resources. Listen to the Economic Hitman http://www.youtube.com/watch?v=yTbdnNgqfs8 . Their countries have been the proving ground for the tactics those multi-nationals are now using to destroy America and the remaining world economy.

    Corruption is rampant. This fiat world economy was built through decades of layering on fiat indebtedness. The true economic potential of the world’s nations has been completely suffocated by power addicted mega multi-national banks and corporations.

    It is time to cure ourselves of multi- national dependency and free ourselves of the central banking tyranny!

  • mondobeyondo

    Love the quote from the Pimco CEO:

    “It’s clear that the STIMULUS-INDUCED recovery hasn’t overcome the structural challenges to large-scale job creation.”

    A STIMULUS-INDUCED recovery. That is all it really is. If it wasn’t for QE1 and QE2 money going into Wall Street and the big banks, there would be no “recovery” at all! It is the result of the Fed pumping more money into the economy (fake wealth) – not from Americans manufacturing products of value (real wealth).

  • JasonD

    I like the analogy of financial stimulus to a sugar high. It is as if the economy is the metabolism of a diabetic and the patient’s body is no longer sensitive to the insulin that is needed along with the sugar. So the sugar, instead of being efficiently burned and revving up the system (the economy), gets stored as fat (inflation and accumulation for the wealthy).

    • Michael

      Good comment Jason

      Michael

  • mark

    Our economy seems to be in a rolling brownout mode. It could be called a slow moving depression for many people. The uber rich and the government class are protected with tax payer funds and the middle class continues to be taken to the wood shed. Will we ever elect enough small government types to make a difference? Or will some voters want of continued government benifits to themselves send us over the economic cliff. Very few want to take a hair cut for themselves. I would prepare in case we choose poorly and go over the cliff.

    • Otown Right Guy

      No, we will never elect small government types. Ron Paul would be the overwhelming favorite for President if that were the case. Too many people like the welfare-warfare state. You have a Gary2-parasite class. And then there are a lot of Republicans, including many so-called Christians, who like to drop bombs on brown-skinned people.

  • GoneWithTheWind

    We have choosen poorly. In 2009 I believed that Obama and his team were terribly incompetent as well as dishonest (in that they were giving money away to their friends). I no longer believe they are incompetent (although they are still giving money away to unions and other groups). Today I think what they are doing is intentional. I do believe that Obama is intentionally crashing the economy and that it is part of a bigger plan to take over the country in the resulting chaos. I also think that Obama and his puppet masters know full well they might lose in 2012 so they are going to do what they must before the next president takes office. Unless he can be impeached and soon we are done for. clearly our current batch of idiots in congress are not going to impeach so we all better prepare for some really bad times ahead.

  • Gary2

    Until the wealth and income inequality is addressed, along with campaign finance reform nothing with be fixed and things will get worse.

    Where are all the jobs the Bush tax cuts for the rich were supposed to create? Oh that right there are none because tax cuts for the rich is a loosing proposition, yet these doltish repubes want to do more of what is proven not to work.

    They need to be taxed HARD and the wealth spread.

  • Otown Right Guy

    Greece is on the brink of collapse. I didn’t think it would happen in the US, but if Europe starts falling like dominoes, sooner or later we are going down too.

  • John F D

    I believe Micheal is correct. The swans just are circling and haven’t landed. I believe it will be an incident that leads to all out war. The default mechanism of elites is war, plus it’s from profit standpoint excellent.
    Preparation is pretty much what “m looking at now. I have being doing what I can food wise, and need to move away from the city. Already the warning signs in my city are everywhere if you look. What really disturbs me is the people I have known seem to feel it will get better. I am looking now to move quickly as I see the clock ticking faster.
    God Bless

    • Missy

      What are some of the warning signs you have seen John F? I am just interested…..

  • Stephen Byerly

    Reminds me of a Bible verse and the interpretation of it I was taught when I was about 11 or 12 (I’m 22 now).

    (KJV) Revelations 6:5-6 “And when he had opened the third seal, I heard the third beast say, ‘Come and see.’ And I beheld and lo a black horse; and he that sat on him had a pair of balances in his hand. And I heard a voice in the midst of the four beasts say, ‘A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.’”

    This was the third seal judgement, which will take place after the Rapture. In this instance, the word “penny” was translated from the old word “denarius,” which was equivilent to about a day’s wages. A measure of wheat or three measures of barley is about what someone in the old days would eat in a day. Oil and wine have been used to symbolize the wealthy for years. So basically what this is saying is “A man will have to work all day to get something to eat for himself (and therefore will not have enough to provide for his family), but the wealthy will not be harmed.”

    It isn’t quite that bad yet, but it’s getting there in a big hurry. Agree Michael?

    • Michael

      Stephen:

      That is where things are headed eventually.

      I hope people are preparing.

      Michael

    • CatNap

      Reminds me of the verse about it being easier for a camel to pass through the eye of a needle, than a rich man to enter the Kingdom of Heaven.

  • Afi K. James

    America is dead and people better wake up before it’s too late.

  • VegasBob

    I keep waiting for the people to rise up and revolt against the system, but that won’t happen as long as the sheeple have cable TV and sepnd their time watching garbage such as America’s Got Talent, Dancing With The Stars, Survivor, American Idol, The Real Housewives From Wherever and so on.

    Also, Michael wrote: Our politicians are literally choking the entrepreneurial spirit to death in this country.

    It isn’t just government regulations, Michael. It’s also the rise of huge mega-corporations such as Walmart that use their economic power and government connections to kill off any real competition to their business models.

    In today’s world, an individual entrepreneur hasn’t got a chance when trying to compete against the unholy alliance between government and the corporations.

  • Colin

    I think, and others think like me, that the Republicans in the Congress are deliberately undermining efforts by the president to revive this economy. The Republicans believe that if the economy hasn’t improved by 2012 that Barack Obama may be rejected by the voters, and the Executive Branch may be headed by a Republican.

    Here are some articles on this subject:

    http://www.thedailybeast.com/articles/2011/06/24/gop-out-to-sabotage-american-democracy-by-michael-tomasky.html

    http://finance.yahoo.com/blogs/daily-ticker/republicans-intentionally-sabotaging-economy-political-gain-164843992.html

    http://www.tnr.com/blog/jonathan-chait/75904/gop-economic-sabotage-ok

    I don’t know if this has precedence or is new to our political discourse. I just know that I feel queasy thinking that a political party would sacrifice this country’s future for their political interests.

  • Matt

    Michael, I must say this site is very well done and becoming a guilty pleasure of mine! I check it several times a day to see the next article.

    I am sitting here, for what seems like 12 hours straight, studying for the bar this July and I cannot help but to feel depressed. It should be a time of great joy and a sense of accomplishment, but unfortunately it is not. I am now unplugged from the Matrix and can see the economic tsunami that is on the horizon.

    It is truly depressing to know that our politicians,on both sides of the right left paradigm, have taken the greatest country this world has ever seen and turned it into a soon to be third world hell hole. What is even more disheartening is that they have done it by design to usher in a “new world order.” The thing that really makes me mad is that we the uninformed, dumbed down, american idol, and football loving american public have allowed this to happen. Probably 90 percent of americans have no idea what the federal reserve is or what the bilderberg meetings are, but ask them who the third string qb on their NFL team is and 95 percent will get that question right.

    • Michael

      Hi Matt!

      You only have to check it once per day because I only am able to get up one article a day. :)

      I also remembering studying for the bar. What a nightmare that was. That was not a pleasant time in my life. Thankfully I passed it the first time. If I had to go through that process a second time I probably would have pulled all of my hair out.

      Michael

    • DownWithLibs

      If it helps you feel any better Matt, we were warned that this would happen a very long time ago. It is sad to see and quite frustrating, but better times will be ahead.

  • Ted

    I would like to thank all those who comment on this site and to Michael. It is great to know that I am not alone. It hasn’t been that long since someone woke me up to what is really going on. There are more and more of us everyday and when the shtf, you will need each other, family and God.

    • Michael

      Well said Ted.

      We are going to need each other, our families and God in the days ahead.

      Most people that try to go the “lone wolf” route probably are not going to make it for long.

      Michael

  • McKinley Morganfield

    “While it is true that cutting government spending is long overdue, most Americans don’t realize that cutting government spending will also mean that “the economic sugar high” that we have been experiencing will start to wear off.

    If we try to live within our means, that is going to cause a lot of economic pain, and the American people are not too good about making sacrifices these days.”

    There are 3 choices:

    1.) Continue to kick the can down the road until there are no other options other than 2 and 3, below.

    2.) Hyperinflation.

    3.) Default.

    I’m anticipating 1 followed by 2 followed by 3. No more than 5 years remaining before collapse.

  • John

    The third seal is the third horseman, which symbolizes a great famine. The four seals will be unveiled during the first Tribulation and I think we are experiencing the birth pangs at the moment.

    My interpretation is that during the time that Revelation was written, wheat was the food of the wealthy, and barley was the food of the poor. So the wealthy nations will have less food (one double measure); but the poorer nations will have more food (three double measures). The text describes one double-measure of wheat in exchange for a denarius (a day’s pay), but three double-measures of barley for the same amount.

    I think during the famine, luxury items (electronics, cars, etc.) are available, but food is not. Oil and wine were expensive items in the time that the NT was written. This indicates that the famine will be more severe in wealthy nations than in developing nations. Poorer nations have more persons working in agriculture, more persons growing their own food, and shorter food distribution channels.

    Just so you know whom your readership comprises of, I live in Ireland and have a keen interest in eschatology. I chanced upon the two sites and have now followed your posts now for a number of weeks. Hugely informative and well composed. Thank you.

    • Michael

      John:

      It is great to hear from someone from Ireland. I have never visited Ireland but I would love to have the chance someday. I hear that it is beautiful.

      Michael

  • shypuffadder

    I, too, am very grateful for this site. I try to encourage everyone to read the articles here but most would rather stick their heads in the sand. Here in Maryland, the decay seems to accelerate almost daily. McKinley is right: “the American people are not too good about making sacrifices.” Crime is on the rise and getting worse. If the president doesn’t get out of campaign mode soon and start addressing the problems, all of his re-election efforts will be for naught.

  • Madeleine

    All politics is local. People need to work on those who are our local elected and in control. People need to get out of their homes and join groups that are already in place, like the Tea Party. It is a depressing thought, all of this stuff. Obama is a bad person and so are all his cohorts. See the bad he has done before he became our POTUS. His record on voting for abortion is down right evil. There is just no way around that and if people don’t speak the truth about the evil of abortion, expect more of the same and worse in the coming days ahead. If you don’t believe in God, then chalk it up to Karma, but if we don’t stop killing babies in the womb, we are in bigger trouble than anyone can imagine. You think these are troubling times, wait…it can and will get worse. The biggest trick the devil ever played is to make people believe that he doesn’t exist.
    This is a battle of good vs evil, a battle of morals and basic values and humanity,so as our nation is being torn from our bedreck of judeo-christian values, the closer our nation moves towards very sad and unrelenting suffering.
    The way to fix things is locally, fix yourself first, return to Christ, return to church or synagogue read scripture and admit that there is a higher power than yourself. Next go to your local township and work on them there, and then go to your county, and then your state. If we each did our part in this, if we each took our head out of the sand, trust me, those in power, our elected who think they are the elite, will begin to quake in their shoes. They will know that they are being watched and held to accountability. Accountability is the key, with no second chances, and with no excuses, for there is always someone else who can and will do a better job for less money and be proud of supporting a healthy government for the people. It is never too late. Our nation has been blessed, you are all a part of this blessing. We have others among us who curse this great nation because they follow evil thoughts and perform evil deeds. It’s real, evil is real. I’m not going to argue anyone who denies it either. If you don’t know it by now, I am certain you won’t ever. There are no athiests in a fox hole, consider that pretty soon the fox hole will be the entire nation. Just watch as people begin to fill the churches and get on their knees. I hope the good Lord will know us then, when many did not know him during what they were experiencing as prosperity, very Godless times. Don’t wait to make the adjustments in your life, yes tomorrow isn’t promised to anyone, indeed you need to be found with oil in your lamp when the Prince arrives and you need to be awake in your faith so you are preparred for the thief in the night.
    Read your bibles to understand those words, the bible tells us to be ready.

  • http://moneycrisisgameplan.com The Elevation Group

    There’s only ONE option, for the U.S. to default on our trillions in debt. Our leaders know this, it’s just a matter of time.

    When that happens, Dollars will have no value, so people won’t be able to buy food. They will beg for a new currency. And the elite will offer us a gold-backed currency as part of the NWO.

    Your savings, 401k’s, IRA’s, will all be worthless, so you better move to gold and silver now.

    http://moneycrisisgameplan.com/the-elevation-group-mike-dillard/

    • CatNap

      If you can, take out your 401k money and invest it in physical gold and silver. I say “if you can” because many of us, me included, are locked into an employer’s 401k that won’t allow for withdrawl unless fired/laid off or for “hardship” such as medical bills. (which have to be proven by statements from the hospital)

      This prepper is kissing the 401k “nest egg” goodbye.

  • James Pettit

    Great time lapse map showing unemployment by county. Where or who makes this map? Lets see one showing the third world parts of America (poverty stricken) centers, cities and areas.

    This will show how America is declining while the Government invests (gives money to) Wallstreet– Shifting money from main street to wallstreet while wallstreet enables and drives offshoring of jobs and technology

  • Josh

    Just curious, what’s the problem with Clinton?

  • Tatiana Covington

    How do we know that this would not have happened anyway, regardless of who got elected?

    Besides, it’s coming time to face the reality, that people are becoming obsolete.

  • Markus

    Good morning,
    some relatives are living in Florida, I told them over the phone to leave immediately USA and come back to their home in the central italian appennines before it’s too late.
    Although they’re living on food stamps, freezed mortgage payments ’till september (apparently on a lawyers advice), buying food day by day and worst of all not even having enough cash to buy a plane ticket back… well they are some kind of hypnotized. They regard a US default impossible! “They’ll never permit it”! Obama won’t permit it!
    I can’t really understand how blind some people can get.
    I know it can get very depressing for someone to face the fact that the american dream is over.
    The fact is that neo-lib-capitalism has failed, it has made the rope with which it will hang itself.
    Say thanks to Nixon and his FIAT money strategy.
    Good luck.
    Regards
    Markus

  • SMASH THE CONTROL MACHINE

    In the United States, *************** are considered “destructive devices” under the National Firearms Act and regulated by the ATF.”

    Of course, Credit Default Swaps, Mortgage Backed Securities, and raping taxpayers for banker bonuses is perfectly legal.

  • moses737

    Oh well, how long will the Obama Administration continue to ride their wave of lies and deceptions. Not even Bill Clinton and Bush Jr. could do that. But when the whole worlds economy collaspes, then that will take some of the pressure off of President Obama. But this is what Obama always wanted.

    A One World Socialist Empire where everybody will be equal. And the government will take care of everybody from the crib to the grave. That is Obama’s utopia global world of slavery; under his new world order puppet masters.

    But dont worry. After they have killed and martyred 100′s of millions of Gods people; who wouldn’t take their zombie making and mind controlling mark of the beast chip in their foreheads or hands; the Great God of Heaven will send His mighty plagues upon them for 42 months of hell on the Earth.

    And then just as Armageddon is threatening all life on the planet; Jesus will return with His mighty army of angels; and He will wipe them out in hours; and bring them all before His Fathers Great White Throne Judgement. And they will be tried and sentenced and thrown into the worst parts of the lake of fire and brimstone. As their tormentings will be 10 times worse; than your average beast chipped zombie brainless lakey slaves.

    • Angry Grizzly

      Obama is only the mere face of the operation, it is being controlled by Soros and Rockefeller and the rest of their ilk. The house of Rothschild keeps financing wars Look at the matter in Syria The united States has no interests in Syria. However Jordan has been friendly to the Untied States and Israel and those will be the countries we will reinforce with weapons if the need arises . But who makes the money of the wars? The banks that fund them. So we should stay out of a middle east war in Syria and do what we can to bring manufacturing back to North America to proved much needed jobs that will help inject new strength into the North American economy. We have relied on china too long to produce things that should have been made here in the first place. This will by virtue of more people working generate more tax revenue and put more domestic trade in the North American economy.

  • Gary2

    A One World Socialist Empire where everybody will be equal. And the government will take care of everybody from the crib to the grave.

    And the problem is?

    • Michael

      Is that really what you think the ultimate solution is Gary?

    • mondobeyondo

      The problem? Conform, or die.

      Umm, this sounds a lot like that Antichrist fellow that’s revealed in the Book of Revelation. Not that it would never happen here, of course (tongue in cheek). The Bible (God’s Word) does not lie.

      Get ready, and prepare.

  • Josh

    I don’t see a problem with taking care of people…

    Nor do I see an issue with a unified globe, with equal opportunities for everyone.

  • Peter

    i suffered the special period in Cuba, you can’t imagine what that means, and now the same is coming to this country,god bless us,you can have a small farm but how can you defend your land from the rst of the 95 % of people without food?i think is better to sail to a small island with water to survive this .

  • middleClassMan

    This blog is the only place where I have found that someone is telling the truth.

    We are not experiencing a temporary “blip” or “slow patch.” We are in the midst of a persistent decline which will bring grief to most people.

    I disagree with the author’s characterization of Obama as terrible. He is still president so he still has time. But so far, NOT so good.

    All of the presidents after Carter have been terrible. The best that we can hope from our politicians is to manage the decline. Our presidents have botched that by shifting the wealth to the Rich in the vain hope that they would bring back “happy days.” All that they are doing is creating a new plutocracy that will turn into the economic repression of the future.

  • Natron

    I’m getting desperate. I’m facing absolute economic doom, with enormous bills and almost no income.

  • heyletsevolve

    Helpful site, I will keep reading the blog posts. But I have to say that if you are only focusing on economic collapse and not also discussing climate change, you’re not giving the full picture. The full picture is one of NO recovery, and of the need to localize food and energy production immediately if there is to be any hope of survival, and even then there’s no certainty, depending on how disrupted the climate becomes. Because our seeds can only adapt to so much rapid change, and drought is drought.

  • eddie

    30 months ago we had the opportnuity to make a real positive turn away from what had been coming for quite some time. The crisis went to waste. Bailing out big finance put that opportunity to rest. That never should have happened. Now the problems are much bigger due to fiscal and monetary policies. Tax reform should have been one of the priorities at that time along with other reforms. So, where are we now? We are on the edge of an economic catatrophe leaps and bounds beyond ’08 and we all should realize this in order to become more prepared.

  • liverleef

    Read the book “Aftershock” by Robert Reich. It says much of what is said in this blog plus much more. No I’m not Robert Reich

  • GT

    Gotta love all the if we just redistribute the wealth everything will be ok. Get a clue no oen is equal and no one will ever be equal. Once you learn this basic law, you can move on and try to etch out a living. The key is you must try to produce soemthing the local economy needs. I could care less what someone makes. I could care less if someone has something I do not have.

    If the SHTF really hit the fan all the paper money in the world is not going to do squat for you. Some of you will never get it. The first law of nature is eat or be eaten. You may not like it but that is how it is. Hell even plant kill other plants to survive. Handouts do not work they never have. There comes a point in time when you go broke. We are almost at that point. Once the chaos ensues the only thing money will be good for is to start a fire.

    Learn a skill or your dead.

  • http://blacklistednews.com/index.php independent news that matters

    You actually make it seem really easy together with your presentation however I find this topic to be actually something which I feel I would never understand. It sort of feels too complicated and extremely large for me. I am taking a look forward in your next put up, I?ll attempt to get the hang of it!

  • ET

    I have just read a report on the BBC quoting the chief of the IMF talking about “the recovery”. My only thought was “*********** – do people actually believe this?”

  • anotheramethyst

    pretty much all the factors everyone listed have contributed to our current state. i do think dems r unfairly singled out, the gop n neocons have done just as much to tank our economy. no politician is deliberatelytrying to do it. they all follow bad advice from lobbyists and look out for themselves before the country. that said, there is another issue not mentioned.

    why did the world economy start collapsing when it did? sure, there were tons of systemic problems and bad decisions from policy makers, but our collapse really started in 06-07 because of peak oil. light sweet crude production plateaued from 05-present and will start to decline any year now. more expensive sources of oil r being used to fill the gap (shale oil, tar sands) but they r more expensive. when oil is expensive everything costs more. our economy was teetering on the edge of a knife before, now we r basically effed.

    because our economy depends so much on oil, we will stay in global recession while oil prices r too high for development. when demand for oil is low enough to lower the cost of oil, the global economy perks up again which causes an immediate spike in oil prices, which causes another recession. sound anything like the current economy? there isnt enough cheap oil for our economy to actually grow.

    which means we will also have food shortages and resource wars in our slightly more distant future (you know, after all the unemployment and wage slavery, and people going hungry because they cant afford food, rather than people going hungry cuz farmers cant afford diesel)

    there is no easy fix for this problem. we missed the opportunity to prevent it about 30 years ago. who was president then? does it really matter?

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