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Everything Is Fine, But…

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PovertyEverything is going to be just great.  Haven’t you heard?  The stock market is at an all-time high, Federal Reserve Chairman Ben Bernanke says that inflation is incredibly low, and the official unemployment rate has been steadily declining since early in Barack Obama’s first term.  Of course I am being facetious, but this is the kind of talk about the economy that you will hear if you tune in to the mainstream media.  They would have us believe that those running things know exactly what they are doing and that very bright days are ahead for America.  And it would be wonderful if that was actually true.  Unfortunately, as I made exceedingly clear yesterday, the U.S. economy has already been in continual decline for the past decade.  Any honest person that looks at those numbers has to admit that our economy is not even close to where it used to be.  But could it be possible that we are making a comeback?  Could it be possible that Obama and Bernanke really do know what they are doing and that their decisions have put us on the path to prosperity?  Could it be possible that everything is going to be just fine?

Sadly, what we are experiencing right now is a “mini-hope bubble” that has been produced by an unprecedented debt binge by the federal government and by unprecedented money printing by the Federal Reserve.  Once this “sugar high” wears off, it will be glaringly apparent that by “kicking the can down the road” Bernanke and Obama have made our long-term problems even worse.

Unfortunately, most Americans don’t understand these things.

Most Americans just let their televisions do their thinking for them, and right now their televisions are telling them that everything is going to be fine.

But is that really the case?

Everything is fine, but the city of Detroit has just filed for Chapter 9 bankruptcy.  It will be the largest municipal bankruptcy in U.S. history

Detroit filed for the largest municipal bankruptcy in U.S. history Thursday after steep population and tax base declines sent it tumbling toward insolvency.

The filing by a state-appointed emergency manager means that if the bankruptcy filing is approved, city assets could be liquidated to satisfy demands for payment.

Wait a minute, didn’t Barack Obama say that he “refused to let Detroit go bankrupt” less than a year ago?

Everything is fine, but continuing claims for unemployment benefits just spiked to the highest level since early 2009.

Everything is fine, but in the month of June spending at restaurants fell by the most that we have seen since February 2008.

Everything is fine, but Google’s earnings for the second quarter came in way below expectations.

Everything is fine, but Microsoft’s earnings for the second quarter came in way below expectations.

Everything is fine, but chip maker Intel has reported revenue declines for four quarters in a row.

Everything is fine, but the number of housing starts in June was the lowest that we have seen in almost a year.

Everything is fine, but the number of mortgage applications has dropped 45 percent since May.

Everything is fine, but the homeownership rate in America is now at its lowest level in nearly 18 years.

Everything is fine, but the United States is losing half a million jobs to China every single year.

Everything is fine, but the U.S. economy actually lost 240,000 full-time jobs last month.

Everything is fine, but the number of full-time workers in the United States is now nearly 6 million below the old record that was set back in 2007.

Everything is fine, but 40 percent of all U.S. workers make less than $20,000 a year at this point.

Everything is fine, but robots are starting to take over fast food jobs.  If working class Americans someday won’t even be able to work at McDonald’s, what will they do to earn money in the years ahead as the jobs disappear?

Everything is fine, but the average price of a gallon of regular gasoline has now reached $3.66.

Everything is fine, but the number of Americans on food stamps has increased by almost 50 percent while Obama has been in the White House.

Everything is fine, but the U.S. government is going to borrow about 4 trillion dollars in fiscal 2013.

Everything is fine, but worldwide business confidence has fallen to the lowest level since the last recession.

Everything is fine, but the Chairman of the Joint Chiefs of Staff just told Congress that Obama is considering using the U.S. military to intervene in the conflict in Syria.

Unfortunately, the cold, hard reality of the matter is that everything is not fine.

As a nation, we consume far more wealth that we produce.

As a nation, we buy far more stuff from the rest of the world than they buy from us.

As a nation, our debt is growing at a much faster pace than our economy is.

As a nation, our share of global GDP has been dropping like a rock over the past decade.

Our economic infrastructure is being systematically gutted, Wall Street has been transformed into a gigantic casino and poverty in the United States continues to explode even in the midst of this so-called “economic recovery”.

How in the world can the mainstream media get away with telling the American people that everything is just fine?

The economic fundamentals are absolutely screaming that massive trouble is on the horizon.  Hopefully people are getting ready, because a whole lot of pain is on the way for this country.

  • MichaelfromTheEconomicCollapse

    What do you think?

    Do you believe that everything is going to be just fine?


    • Louise in MO

      No, Michael, I do NOT think everything is going to be just fine. Today’s news that Detroit has filed for Chapter 9 bankruptcy is just the beginning of a long chain of the same.

    • Ayn Rand

      I want to hear from someone WHO DOES think everything is going to be fine. They are obviously insane if they think that.

      • Douglas M. Green

        Anyone who says things will be fine fails second grade math skills.

    • Mondobeyondo

      Nope. Not gonna be fine.

  • Mesquite

    Our economy is a war time economy. It has been for awhile now. Our older generation is telling their families to prepare for another collapse (it’s cyclical)
    and another war. Follow the advise of those who lived through the Great Depression. The youngsters of that time became our Greatest Generation. Hopefully we who are their offspring will have the strength and moral fortitude to persevere. God Bless the United States and may God Bless those who will experience the challenges ahead.

    • markthetruth

      We don’t have a budget for a War it would just put us in more Debt .

      the end…

      • Ralfine

        Yes, but when has that stopped anyone to start a war?

        • markthetruth

          It doesn’t but it used to be used to create manufacturing jobs from the defense money that actually existed . That is not the case anymore a war now does nothing for our economy except destroy it more.

          the end…

          • Pauly

            Right, that’s why the roads suck and electricity is transported on wood poles. The Empire is clearly a Second World Nation.

    • Louise in MO

      Good comment. I was a young child during the Second World War and I remember how life was back then. We served and in the 50’s our country was up and running.

      I have read that when the world economy is not good, war happens. I don’t understand the reasoning, but history bears it out.

      Like you, I believe we must prepare , physically , mentally, and spiritually.

      • Mesquite

        Thank you Louise for your reply. I think our world now is lacking what back in the 50 s was a sense of service and gentility. I was lucky enough to be raised by older parents who passed on some of those 40 s and 50 s personal characteristics. I see these in some of our youth but it’s not in the same numbers as it use to be….As an example, I said “Yes, ma’am” to someone recently and I was told that I was being submissive by someone listening. I replied he must not be from the South.

      • LeseMajeste

        After WWII was also when taxes on the richest was close to 90%. Of course, they had some loopholes, but IMO, the 1950’s was the time of greatest prosperity in the USA, with the family still a family. Enough money was made at ONE job for Mom to stay home and raise the kids, instead of shipping them off to some industrial setting child care place.

        That one job also helped pay for a house, a yearly vacation and some even bought a little ‘getaway’ cabin for enjoyment.

        Contrast that to now, with the rich owning nearly everything and paying less as a precentage in taxes than we working stiffs do and many parents working two or more jobs to survive.

        And the kids are handed off to strangers to be raised.

        • Habib Jamaroqui

          The rich pay more now than they ever have, thus is a liberal class warfare urban myth.

          • Gay Veteran

            and they have most of the income and wealth in the country, and have made out like bandits since the economic collapse the banksters caused

        • Through NAFTA, GATT, and CAFTA, American manufacturers were free to ship their factories overseas in search of near slave labor markets. The passage of these free trade agreements made it possible to hire foreign slave laborers and without the now prohibited tariffs on imports, the globalist controlled corporations could ship slave labor manufactured products back into the United States. Our government failed to protect local manufacturers and American jobs and the net effect is that we are beginning to see third world conditions inside of the United States in cities such as Detroit and it is spreading like wildfire. Since the 1970′s, America has lost 86% of its manufacturing jobs. Actually, the Globalists have been trying to get rid of American tariffs for 100 years in the name of free trade. Look up the Payne-Aldrich Tariff; it is part of our history. A year later, we got the Federal Reserve Act of 1913 and then real fun began in earnest.

          • Gay Veteran

            totally agree

          • Hammerstrike

            A giant sucking sound, as Ross perot warned!!

            But instead, populace listened to Bill The Clown and the free market claptrap instead!
            Same thing on the other side of the Atlantic.

        • Hammerstrike


          Tax evasion is an order of magnitude easier today than in the 1950s.

      • Ralfine

        Want to know the reason? Really?

        Those behind wars are businesses striving for profit. After they sucked you dry and there is nothing to gain anymore and the economy actually goes down from all the money sucked out of it, businesses need to expand.

        And since you feel so bad, it is easy to tell you it is all the aliens’ fault that the economy is down. THEY ARE OUT TO GET YOU.

        There you are. The politicians have the solution: It is Humbugistan that is the real enemy and totally evil. Now they even started to build their own cars which pushes your car sales down and makes you feel so miserable.

        So give us all your gold and money and sons and husbands and we will make war against them so you feel better at night. And to make you sleep even better we allow you to work in our factories, (making us even more profit) to support your husbands at the front line.

        Satisfied with this answer?

      • El Pollo de Oro

        Louise in MO: Muchas gracias for the historic perspective you bring to the table. I’m younger than you (grew up in the ’60s and ’70s, reached adulthood in the early ’80s), but growing up around a WWII Generation mom and a WWI Generation grandmother gave me a real sense of history. And yes, bad economic times often lead to war. As Gerald Celente says, when all else fails, they take you to war. Given all the financial misery and unrest in the world, WW3 is shaping up to a whopper of a world war.

        • Mondobeyondo

          War is the excuse the people in power use, when things aren’t going so well at home.

        • Gay Veteran

          yep, the next world war will take our minds off the economy

    • Ayn Rand

      The only difference is, this time around, the world has bombs that destroy cities and poison the countryside, chemical gases that can kill on skin contact, and viruses and bacteria that kill 99% of those who are infected. This war may be the ultimate war.

      • Mesquite

        Yes, I’m afraid so. It will come here.

        • Ayn Rand

          I don’t think the elite will use nukes though, they destroy too much. They want the resources intact. They will probably just use gas and infection to wipe us out.

          • Mesquite

            Yes, if you were running a war and you wanted to get into an area quickly, but preserve the infrastructure-what would you use?

          • Rodster

            EMP Bomb

          • Mesquite

            Yes, of course that is a possibility. However if they want to come in and use our infrastructure an EMP would render it useless. There is another option. As far as I know it has never been used in war so far.

          • MeMadMax

            Guns are not affected by EMP bombs. I suspect that if someone would to EMP us, they would do so NOT to invade us(nobody will invade us by the way) but to REMOVE us as a world power. Think about it, if we were to be EMP’d we would be crippled for a long term conflict. We would still be able to attack for a little while(nuke, and whatever the navy has out at sea, but not much else) and that would be a wrap. Right now, Iran is practicing how to fire an EMP bomb. They bring out a barge into the middle of nowhere, fire a missle that was mounted on it, and blow it up in the sky. Perfect practice. Now, if Iran EMP’d us and we go ahead and nuke them, that means we had just spent a huge amount of reserve offensive capability on one tiny country leaving the rest of the world on its own to invade each other. Nobody would even waste nukes on us… we would be like a drag race car with no battery, dead in the water…

          • Jacob

            There is no such thing as an EMP missile. The only way to get an EMP effect, at least for now, is via air burst of a fusion or fission device.

          • MeMadMax


          • Nexusfast123

            EMP would destroy much of the infrastructure needed to support a modern society. All the control systems would crash for gas, water, electricity and communications grids. It would leave the humans alive….for a while.

            Maybe use a Neutron bomb. Kills the humans with intense radiation but leave the infrastructure intact. Was dubbed the capitalist bomb.

          • Jacob

            Fission or Fusion detonation at 20,000 feet above would release an EMP effect. The only problem with neutron bombs is, neutron radiation is ionizing and would make the area of effect uninhabitable due to possible Gamma radiation being emitted from materials and left over organic material.

          • Hammerstrike

            No, the half-life is too low, won´t be a problem after a week.

          • Ralfine

            A bicycle? Can get around all the traffic jams.

            The Vietcong used bicycles a lot, and they won the war.

          • Habib Jamaroqui

            Yes, but they had conviction. The US is weak and feminized. Even our military is queer now .

          • Ralfine

            Tell your mother she is weak, and get your rightful slap in your face.

          • Gay Veteran

            Tell that to an active duty member of the military. You’ll get your teeth knocked down your stupid throat.

          • Habib Jamaroqui

            I know former future recruits that have waived off because they think it’s a joke, and they are right.

          • Gay Veteran

            why would they want to be a cog in the imperial war machine???

          • It is I only

            They can always scare the enemy by telling them, “If I catch you, I’ll kiss you”

          • Ayn Rand

            Feminine does not equal weak. Ever heard of Joan of Arc? Killed a lot of people. Many women soldiers slaughtered the enemy in many wars. They were at times revered as better soldiers.

          • Boadicea

          • Jacob

            Botulism toxin in the water supply and grain supply. Not a nuclear device. Weaponized chemical weapons leave too much residue and biological weapons can come back and bite you.

          • geauxgeaux

            neutron bomb

          • Nexusfast123

            Don’t underestimate the level of stupidity involved. Once one nuke goes off then the other side will respond.

          • Ralfine

            There is no intact infrastructure in America.
            It might be a little bit better than in Afghanistan or the Middle East, but who would want that?

            No, you don’t have to fear any foreign power. Your worst enemy are Americans. Those who tell you they need your money to protect you from aliens.

          • Mondobeyondo

            What do ya mean, no intact infrastructure? The trains still run on time! (ugh, that was bad.)
            The 11:15am bus is late, again. *sigh* Oh well.

          • Ayn Rand

            Don’t worry Ralfine, I know we all want to kill each other deep down. I just think it is highly possible the elite will use a world war to kill a lot of us off. It would be very easy you know?

        • Ralfine

          There is absolutely no need to attack America.
          Americans kill each other more effectively.
          Now you just need to leave a black backpack at a street corner, with a wire sticking out and their homeland security will shut down the city.

          • Hammerstrike

            No invasion, there is nothing in North America that China wants.

          • Ralfine

            They might want to buy some agricultural fields, together with some workers to produce food for China.

          • Hammerstrike

            Africa have more arable land and better climate.

          • Ralfine

            But the land might be cheaper in America?

      • Hammerstrike

        There´ll be survivors and they´ll have to be pretty smart to survive and have childrens of their own.

        So things would improve for them, not get worst.

    • Ralfine

      When was he last time America experienced war on their own soil?

      • Mondobeyondo

        War of 1812, from a foreign invader (the British).
        Civil War, 1861-65, if you’re counting fighting amongst ourselves.

        • Ralfine


      • Pauly

        September 2001, An attack by Israel.

      • Hammerstrike

        This war started in 1913 and it is ongoing, it won´t stop until one side is completely annhilated.

        • Ralfine

          Oh well, the rich complaining about the colour of M&Ms

    • JustanOguy

      The youngsters of that time became our greatest generation?

      The same ones that allowed a Federal Government to grow out of control, corporations running Washington D.C. and blowing all of the money this country raked in when the U.S. was the manufacturing powerhouse of the world and a Creditor nation?

      What’s going on today was put in motion decades ago… by your so called “Greatest Generation”.

      • Kim

        Yes I agree. I am tired of hearing all this nonsense about the greatest generation.

        The truth is every generation has its heroes and its villains. Moral and immoral. Selfless and selfish.

        No one generation is the greatest and yes the so called greatest generation did help to put into motion what is happening today.

        Just like the generation before them and the generations to come after us.

        • Mondobeyondo

          Well, that “greatest generation” proved how tough and great they really were. To quote JFK’s inaugural address, they were forged by war, and tempered by a hard and bitter peace (hope that’s right! I’m going by memory -. No Google searches here!)

          Are we, the Gen X’ers and Millennials, up to the task? Yes, we are. Do we have the will to fight for what is right? That’s debatable. I don’t have the answer to that. Our heavily tattooed, Playstation playng youth may bolt and run when the real deal goes down. Or they may not.

          • Kim

            Speeches by politicians are nothing more than words cleverly constructed to make people feel a swelling of pride, of patriotism, etc. in other words it appeals to emotion and human sentiment which is easily fooled and easily convinced. These words are called propaganda and are used to get people to go along with the agenda.

            World War II could have been stopped as they knew the Japanese were planning on bombing Pearl Harbor so please do not wax poetic about that generation and their internal fortitude to fight in a war that should never have happened. Our government allowed innocent people to be killed to spread an agenda. It succeeded.

            If anything the greatest generation should be called the most easily fooled and most easily manipulated generation.

            I am grateful we have so much more access to information than any generation before us and I believe this country has yet to see the greatest generation as they are farther in the future than most of us will be alive to witness.

            Knowledge is the first step to freedom but absence of fear is the key to truth and true freedom.

            We live in a society cloaked in a veil of what could be; not what actually is. The freedom we know today is actually the chains of our oppression cloaked in fancy words and speeches and patriotism and the rewriting of history.

            There will be a time when the masses reject everything they have learned, the values they were force fed as children, the lies they were taught in their history books and replace those myths with a strong dose of reality. Then and only then will true change happen.

          • Gail

            Instead of observing, commenting, blogging, whining, complaining – WE NEED TO ORGANIZE!! ENOUGH IS ENOUGH!!

          • Gay Veteran

            the Federal debt started exploding under Reagan

        • Hammerstrike

          Even more, why would the WW2 generation be the greatest generation and not Lincoln or Wasington´s generation?

          Why is stopping Hitler more important than the sovereignty of the US itself?
          Did Roosevelt get the US involved for democracy and freedom? Hardly, this war was fought for specious interests.

      • Laura Vale

        I absolutely agree. It was “The Greatest Generation” that spawned “The Hippy Generation.” Has anyone thought of that? “The Greatest Generation” had everything and squandered it.

        • Hammerstrike

          They let themselves be screwed time and time again.
          First time, the Great Depression.
          Second time, WW2.
          Third time, the Cold war and its threat of atomic warfare.
          Fourth time, when their own childrens where turned against them.

          How sad and pathetic, the “greatest generation” is a human face getting turkey slapped forever.

      • Mondobeyondo

        Yes, they did. Those same kids who hung out at Beaver Cleaver’s house back round 1957 or so? Yep, those guys. They’re now Marines, Army grunts, married homeowners, and some of them even have dogs! Don’t know if any of their pets are named Spot though.

  • markthetruth

    100% Americans are being Manipulated by will and are in Zombie Mode.

    the end…

  • josh

    No everything is not fine. Our economy will collapse and living standards will be in permanent decline even for children of the 1%.

  • Louise in MO

    Detroit is just the beginning. It is, however, a chance to talk to people who otherwise would not be interested in a “financial collapse” conversation. What city is next…Baltimore? St. Louis?

    • Ayn Rand

      Agreed. I still do not see how any sane human being can believe our “Dead Man Walking” economy can be “getting better.” Biggest crock of crap I have ever heard from the Lamestream Media.

    • Douglas M. Green

      Somebody, Mish Shedlock? pointed out about two months ago that Philadelphia has already had a secret meeting with its creditors.

    • Gay Veteran

      and what do you know about Baltimore?!?!?

      • Louise in MO

        Don’t know much about Baltimore other then what I read. Violent crime is up, high unemployment etc. Just mentioned it as an aside.

        St. Louis on the otherhand is only 40 miles from my home. The inner city is very much like Detroit. Unemployment runs 12% and 15% for the youth. NO middle class jobs with the exception of health care and teaching. The St. Louis Dispatch is in shambles. I could go on and on but you get the picture.

        • Gay Veteran

          yes, the picture is that corporations have shipped American jobs to China

  • Patrick

    Michael the mainstream media is controlled by the government and they will never tell the public the truth until it is to late. Most of the problems in the middle east is caused by the policy’s of this government. This economic is about to collapses and take every nation down with it and then war will break across this planet like we have never see before.
    Prepare the best you can and get right with God!

    • jsmith

      No Patrick you have it wrong, the corporations own the government! And the corporations in turn are owned by the banksters who are the major stockholder. It’s fascism, the alliance of business and government to the detriment of the middle class. while enriching Wall Street and the elite. Michael will agree with this. Oh Michael?

    • Dee R

      and who is the govt controlled by? The corporations! and who owns the media? A couple of corporations. So who controls everything? The corporations which in turn are owned by the banks which in turn are owned by a group of who?

      • Ralfine

        Jews, right?

        Are you a descendent of Adolf?

      • sharonsj

        Whoda thunk that Rupert Murdock and Roger Ailes are Jews. Oh, wait, they’re not….

  • markthetruth

    Now Fruits and Vegetables are bad for you !

    the end…

  • Patrick

    Detroit filed the largest-ever municipal bankruptcy. Now other cities are talking about doing the same does this mean the dominos are about to fall. One of the other cities can be Chicago IL. Time will tell

    • Ayn Rand

      For many big cities in America, this movie quote describes the situation:
      “Game over, man! Game OVER!”

      • cateye

        That same character also said “put her in charge!” , which I might agree with as long as the “her” is not Hillary, Michelle or Nancy.

    • Douglas M. Green

      If Obama, Inc. bails out Detroit, it will become like Germany bailing out southern Europe, with failing cities expecting to get their bailout too, and REPEATED bailouts as they have no incentive to reform when they can just get more federal dollars. It would just accelerate the US bankruptcy that is close at hand anyway.

    • Gay Veteran

      don’t worry, the banksters will make sure they get paid

  • Dave Jenkins

    Everything is fine… in some other countries around the world (not many). Some other countries have a healthy growing middle class right now.

    Detroit will be the first of many cities to sink. Watch out for Cleveland, Philly, Los Angeles, Pittsburgh, Baltimore, etc.

    • Dee R

      then the big fat jews come in and clean house!

    • bluejanuary

      Don’t leave out St. Louis. That place feels like a ghost town. Eerie

  • K

    From the Government viewpoint everything is fine. Their rich friends are getting richer. The American public is too dumb to see what is going on. They just about never get voted out of office. And lastly they can make decisions that enrich themselves, and never be charged with anything. Yep everything is fine if you are the Government. And if you are not the Government or their rich friends. I think the message has been very clear as of late, silence slave.

    • K

      Update 7/19/13. on first appeal, Detroit bankruptcy declared in violation of Michigan state constitution.

  • Mondobeyondo

    Do you know when you’re in the middle of a collapsing economy? No? Didn’t think so. “Oh wow, I didn’t get the memo”. Of course you didn’t. Nobody’s gonna tell you you’re in a collapsing economy. Not any sane government anyways. What are you gonna hear? Yeah, “Dow Jones hits new record high”. “Unemployment rate hits new lows”. Whatever.

    News for all y’all: The economy is collapsing. It’s rather evident, if you open your eyes. Wake up!! Don’t listen to Channel 7, listen to the people.

    Did you expect someone to tell you you’re in a collapsing economy? You mean the government? And presume you accept it as the truth? Really? I mean, really? REALLY??

    Ha ha ha haaaa hee hee hoo hooo.
    Ha. Hee hee. HAAA!!


  • Rodster

    Trade Wars, Currency Wars, World Wars.

    – Gerald Celente

    • markthetruth

      cyber Wars and Space wars

      the end

  • Colin

    While one of our biggest cities is entering bankruptcy, the House of Representatives is voting to overturn Obamacare one more time. How many times have they attempted to overturn this bill? 30…35…40.

    • Ralfine

      Bet they wouldn’t have any problems voting yes to new debts for a new war.

    • JustanOguy

      Detroit is and has not been one of the biggest U.S. cities in well over a decade. It spent all of the money it used to rake in on garbage and raised taxes / fees / cost of doing business until it drove everybody out of there.

      Obamacare is a joke… it does nothing to control the exorbitant costs found in the U.S. medical business that’s BK’ing U.S. citizens.

  • Mondobeyondo

    To quote a song lyric from Nirvan’s last recorded hit song…

    “I have never felt so well
    And things have never been so swell!

    Eyerything’s fine.
    You know it. I know it.
    When someone asks you how you’re doing, what do you say?
    “Um, my arm was just cut off in a chain saw accident on Tuesday, but I’m fine!”

    • El Pollo de Oro

      Mondobeyondo: One of my Gen-X favorites is “Mother Mother” by Tracy Bonham. I love the lyrics “I’m freezing, Im starving, I’m bleeding to death…….Everything’s fine.” In other words, people putting on the fake happy face when everything is falling apart. The irony is that when that song was a hit, back in 1996, the economy was doing really well.

  • Tosheba

    As the psychopaths foment civil unrest in America. They’re cooking up something.

  • Gregge K Johnson

    Everything will be Refined ! Stay ready and Hope ! Without Hope life is meaningless

  • JailBanksters

    There is a concerted effort to deaden the Impact of a crash, to make the public believe it’s not that bad, and just go about your daily business as if nothing unusual is going on, nothing to see here.

    Why would want to do that?

    Well, a crash would have a bigger impact if they didn’t know it was coming and they just woke up one morning and found everybody’s Bankrupt. Like Detroit, only bigger.

    And again, Why would they want to do that?

    There’s only kind of Parasite that will benefit from a Crash this big and it’s the Dimonicus Blankfeinicus.

    And again, Why would they want to do that?

    To answer that one, you really have to believe in the Bilderberg and New World Order, because that is the only thing that actually makes any cents from this point forward.

  • Jacob

    Water, food, guns, silver, gold, platinum, and civil disobedience.

    • Ralfine

      I started walking and jogging and stretching and weights. Tried to pull the bow of my niece – no chance. And she is hitting the 10 at 70 meters.

    • Shmeggle Marxist


      • Jacob

        Yep, platinum has inherent value – as well as copper.

  • Dee R

    two words, Ashkenazi Jews

    • Shmeggle Marxist

      ^2 words, “Jew Hater”

  • Ralfine

    ” but the average price of a gallon of regular gasoline has now reached $3.66.”

    Extremely cheap, never seen this low price in Europe in my whole life.

    • Shmeggle Marxist

      that is because Europe is an economic mess and europeans like yourself are effeminate bastards

      • Ralfine

        Love you too. LOL

      • Mondobeyondo

        Oh, and are things really that much better this side of the pond, um, mud puddle?

        Have you seen America’s finances? Me neither. The Fed refuses to be audited. What have they got to hide? By default, they have a LOT to hide. Otherwise, why not be audited?

    • Dave Jones

      The difference it taxes. The price per barrell is the same everywhere. Don’t gloat to us about your taxes. Europe is going down the sinkhole thanks to the same delusion Obama is promoting.

  • chilller

    The largest most bankrupt cities have one thing in common…they’re run (into the ground) by liberals.

    • JustanOguy

      Exactly. Financially mismanaged to begin with.

    • Douglas M. Green

      Absolutely TRUE!!!

    • otter1111

      True, but the liberal voters never make the connection.

    • ian

      Suuure…you mean like that liberal bastion i live in called Denver. Which is probably one of the most wealthy and upcoming cities in the country? Or san franciso which continues to grow and prosper. Should i go on?

    • Gay Veteran

      get a clue, the one thing they have in common is that the manufacturing jobs in those cities are now in China, India, Vietnam, etc.

  • Legal Tender Fiat Currency

    “Everything is fine, but robots are starting to take over fast food jobs. If working class Americans someday won’t even be able to work at McDonald’s, what will they do to earn money in the years ahead as the jobs disappear?”

    ^This. The future looks concerning. Leave politics and religion aside, and the incoming robotic technology is one of the risks to job security for humans.

  • Ralfine

    Dow Jones rising? Yes, everybody getting rid of their dollars.

  • Ralfine

    The American government has always money to shoot other people, but no money to keep their own people alive.

    And the crazy thing is, they are applauded for this by these neglected people, because everything else would be evil socialism.

    Crazy, isn’t it?

  • Sack man

    Michael. Do you truly understand the stock market? It has its cycles and always goes up due to corporate profits increasing. Mention intel, Microsoft. Google. How about the thousands of corps reporting increasing earnings ? Its mentioned on cnbc. And the cities that have been fiscally responsible? Care to talk about those positives? Michael. Why do you tolerate the disgusting comments posters make about women, raes and religious groups? Do you ever reprimand them or welcome it to your site? Not becoming of such a god loving man. Mortgage rates still at historic lows. Bash the markets. Keep making people afraid to invest where they should invest. More and more people I know getting good jobs.

    • Gay Veteran

      you sound like a troll ignoring the facts that Michael has cited

    • Adrian Smith

      # troll femen-shill alert.

  • JustanOguy

    Is anybody surprised that Detroit would eventually file BK? It was a long time coming as everybody fled that rat infested city.

    Even during the phony credit / false economy days the city was a rat hole.

  • edrobar2978

    Boosting “Growth” through indebtedness leads to this situation. Regarding the stock market, that’s the biggest bubble known after the real statement one.

  • seth datta

    Don’t panic, everything is going fine

    (says this as he backs towards the emergency exit)

  • Boo-urns

    Don’t worry, everything will be OK, Jesus will fix it all. Right? Isn’t that the message I’m supposed to believe?

  • SafetyViking

    Sorry, but with some exceptions I don’t see a major problem yet. I have a massive family, 7 sisters, 2 brothers, 30+ nephews/nieces, and none of us are unemployed or underemployed or facing any undue financial hardships.

    Sure, that may be considered ‘lucky’, but you would think that -proportionally compared to society at large- someone in the family would be on the unemployment line, evicted, etc…

    How about the rest of you?

    • ian

      that’s what i keep harping on about on this website. All i hear is doom and gloom on this site, but i see the complete opposite. I dont see anyone struggling, not a single one, unless they did so on their own accord through drug abuse.

      Wealthy white families everywhere i go, and they all look at me like i am insane if i even slightly mention economic despair. I dont know if the people on this site actually go out of their homes, because the country seems to be doing just fine.
      Not to mention huge parts of the rest of the western world.

      • Handog

        “because the country seems to be doing just fine.”

        Seriously? Did you read the article along with the statistical facts to back up the claims?

        It may be all sunshine and lollipops in your world, good for you. Here’s the thing, we are all on this ship of fools together. The Detroit bankrupsy, which Micheal has been warning about has happened and will have ripple affects. You call it doom and gloom but its hard to put a happy face on that one unless your sniffing some opium optimism.

        All or my brothers, sister, cousins are either under water on their homes or have lost them. I have an uncle in CA. With a roofing company which before 08 was doing 2.2 million in annual sales. He’s now considering shutting down for good.

      • Adrian Smith

        I’m a 26 year old male college graduate who is unemployed for 9 months. I can’t even find a part time Mc Donalds job in Windsor, Ontario, Canada and I don’t have enough money to pay for $700 month bachelors apartments in the cities of Hamilton or Toronto. Even those cities have a youth unemployment problem or underemployment problems.

  • robert burns

    Our nation is divided in so many ways that it makes our country unfixable. Race. Politically. Religion. Conservative/Liberal. Job/no job. Good job/poor job. Drug user/not drug user. Smoker/non-smoker. Sexuality: straight, gay, whatever. Pro-life/pro-choice. Democrat/Republican/Libertarian/independent. Rich/Poor. Climate Change/ not changing. You can make a list that would be quite long with a little effort. Diversity, despite the mantra, does not work. A homogenous culture has a better chance of sustaining than one that is mixed and divided. Japan and Germany came back from total defeat and massive destruction. A major reason for that was their shared values, shared history, shared culture overall. In the US, there are too many competing agendas. Some will weather a storm better than others. Some are just more fortunate in their circumstances. With 9/11, the nation seemed to come together for a few days but then got right back to agendas and infighting. It isn’t just the economy stupid, it is everything and everyone.

    • Gay Veteran

      uh, Japan is going down the toilet, drowning in debt

  • jakartaman

    What is going on in our economy is a nature cyclical occurrence. In no way could the USA sustain our level of living.
    Only a few questions need answered:
    When/how will the world economy collapse?
    How bad/violent will it be? survivors?
    What type of societies/gov/relgion etc will emerge?

  • Trailer Park Investor

    Everything is fine, just fine, go back to sleep and dream of ferries and sugar plums and all kinds of sweet nummers. Tomorrow will be a better day, you will go to work in your suit and tie with your brief case like so many times before. (In reality it’s a part time job at McDonalds).
    All is well, go to sleep, go to sleep, go to sleep my little baby, rock ah bye, rock ah bye.
    That’s the tune our media is singing to us.
    Instead of the COLD HARD FACTS that we don’t really want to hear.
    I say the truth is the truth and I can deal with the truth. But a lie is a lie and you can NOT depend on a lie, a lie is still a lie no matter how bad you want to believe it. You can not depend on it, you can not build on it, no matter how you slice or dice it a lie is still a lie.

  • John

    If you expect GOD to BLESS America here’s the prerequisite:
    If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.
    2 Chronicles 7:14 King James Version (KJV)

    • Kim

      That bible verse is referring to Israel not to anyone else. The bible is not a reference guide for America or any other country. While you can apply the moral principles to your life a lot of things such as the verse above are talking to a specific group of people at a specific period of time.

      • Bill

        While you are correct Kim, the same does hold true for other people and nations. Would you not say that the US was blessed at its founding and shortly thereafter? It was founded on God, Jesus, and His Word; and it appears clear to me that the US was indeed blessed for its first few generations as a result.

        • Kim

          Was it blessed or was it created by design by the elites. One has to wonder since the US is responsible for over throwing and instating governments all around the world. Perhaps the blessings we believe we received from God were not blessings at all but just a clever illusion by those in power to gain influence and support of other nations and than use their trust to make them conform to what ever the political, economic and social climate that the real power players wanted for each and every individual nation.

          • Bill

            The natural resources this country received an abundance of was nothing short of a blessing from the Lord. The elite have no control over where the resources lay on this planet.

          • Kim

            Do you really think that the area that was picked was done so because of the natural resources God put on the earth? Really?

            Every country has natural resources. There is nothing special about that in America. Each country has it’s pros and cons. Strengths and weaknesses when it comes to topography, etc.

          • Kim

            The elite have no control over where the resources lay on this planet.

            Yes but they sure as heck have control over which countries provide which resources. Case in point the abundant oil America has and does not use.

          • Gay Veteran

            what abundant oil? fracking? those wells quickly deplete

          • Kim

            They could still be used regardless. In most countries when natural resources are used it creates destruction to the environment but being the good Americans that we are we do not mind it so much as long as it is not right in our our backyards. Not that I am one of those in crazy environmentalists but it disgusts me to see our manufacturing going over to third world countries where they pollute and contaminate everything because they buy people off to look the other way.

            These corporations are not just faceless entities, there are real people making these decisions and looking the other way.

            How they live with themselves no matter how big their paychecks are is a mystery to me.

            There are so many evil things that people do based purely on the short term and their own self interest I could write billions of words and still never be finished.

            Did God bless this country and our expansion when we gave small pox infected blankets to the Indians? When we massacred them and lied to them as we moved them off their land? What exactly was God blessing here? The very things he hates: lying, cheating, stealing. So I still say God’s blessings have nothing to do with America’s prosperity unless you are speaking of a different God.

            P.S. yes I know that the Spaniards were also brutal towards the Indians as most countries are to other inhabitants when they want land and power I am just making the point that America did not exactly use its Christian values to achieve its super power status.

          • Gay Veteran

            what you have in mind is Mammon

          • Bill

            No Kim, I don’t think that when the country was settled in, that they had any idea what kind of resources were actually here. God knew they would come, and He knew what would happen upon its founding, so He blessed the land and made it plentiful. As far as every country having its natural resources, yes of course thats true. But in the US we happen to have the absolutely “perfect” setup of resources. Look at the Mississippi river for example, that river is called the lifeblood of our nation, and has been labeled as the primary reason that we are such a successful and plentiful nation. Something like that couldn’t have been known upon settlement by people. And now recently as we dive further away from God as a nation, our resources are drying up, the Mississippi included. Every bit of it is too coincidental and too absolutely perfectly timed to just be “random chance” as many would say it is.

        • Gay Veteran

          the Revolution and the Constitution are the result of the Age of Reason, the Enlightenment

  • doomer69

    The House Of The Rising Doom

  • AzDesertRat

    Everything is fine my butt…

    Two days ago one of our sister divisions laid off 25% of their staff. Some of those people had been hired within the last 6 months because “business was picking up!”. Yesterday, their primary competitor laid off approximately 20% of their staff. Both companies are middle tier aerospace repair and overhaul businesses. Whatever mild “bump” the economy may have felt the last few months is winding to a close.

    Be ready. I think the 20-teens and 20-twenties are going to be some long, hard, decades in America.

  • Saint natty

    Just another birth pang

  • Mondobeyondo

    Q. “Why is life so hard?”
    A. “Because life isn’t easy.”

    Gee, thanks Captain Obvious!

  • Mondobeyondo

    **DISCLAIMER** This is meant to be humorous. In spite of this disclamer, some people are going to take this post seriously. Whoa Nelly!!

    DETROIT, July 19th – Rap star Eminem has decided to run for governor of the state of Michigan

    Marshall Mathers, also known by his nom de plume, Slim Shady, heard about the bankrupcty declaration of his home town, Detroit, Michigan. Having heard of the dire straits of his former hood, Mr. Shady has decided to enter the political arena to save his city and state further embarrasment.

    (okay, roll the sound bite, Emily!)

    “.. Mr. Shady, 37 years old, who famously declared in 2001 as the real Slim Shady, said in his mayoral announcement, “They call me Shady? How about those bankers? They are TRULY shady!” Live from Detroit, Emily Dickinson, KRAP News Channel 4″

    Oh no, did you just say that? Who’s your agent, Florence Nightingale?

    Okay – sarcasm off.

    • jaded

      Your posts rule. I’d love to meet you in person.

  • K

    Roger, ignorant can be taught, dumb is a choice. I believe most Americans have made a choice. It is just a very bad choice.

  • SamsungS4Smearing

    I think what Americans are figuring out is just because they are poor doesnt mean the whole world stops and cares.

    Get use to being poor and get use to people not caring… Sort of like you were once upon a time.

    This country was bought and sold a long time ago. It never existed. Just a little footnote to a few hundred year old failed experiment.

  • Abby

    I’m so beat down- I’m ready for the FEMA camp. Judge me if you wish- don’t care anymore.

    • Browser

      WTF you kidding me or are you really throwing in the towel to Satanic bankers?

  • Arizona

    THE RUSSIANS ARE HERE,and it ain’t to help with anything,but they did say they wanted the vehicles,and all the construction equipment,which obama said if they help him take down america,they could have everything they wanted,and america thinks the russians work free………………

  • Patrick

    Detroit Bankruptcy is now getting fed bailout money. How much more can the government dish out before the system can’t hold anymore? Do you have any answers to this question Michael?

  • defaultplayer

    Detroit’s demise is 50+ years in the making. It didn’t happen overnight.

    As for bailout money, I have not heard anything about that other than Detroit unions demanding it.

  • Anon

    There is actually A LOT that Americans can do, right now, where they are
    – to combat the European Central Bankers, and their takeover of the
    United States, by stealth, and fiat paper. First and foremost – 1) Buy
    SILVER bullion – as much as you can afford – there hasn’t been a better
    time to buy, since mid-2010. However, there are MANY MORE things we can
    all do, like 2) Buy MADE IN USA, when buying a NEW item, and 3) Buy
    USED for everything else – it keeps the $$ in the LOCAL economy, rather
    than them being sent off to CHINA, or somewhere else, overseas. 4) BUY
    ORGANIC food – whole food, preferably, and locally-sourced, ideally.
    Those are just 4 things everyone could be doing, to help save this

  • anonymous

    Well, THEN POST IT!

    There is actually A LOT that Americans can do, right now, where they are – to combat the European Central Bankers, and their takeover of the United States, by stealth, and fiat paper. First and foremost – 1) Buy SILVER bullion – as much as you can afford – there hasn’t been a better time to buy, since mid-2010. However, there are MANY MORE things we can all do, like 2) Buy MADE IN USA, when buying a NEW item, and 3) Buy USED for everything else – it keeps the $$ in the LOCAL economy, rather than them being sent off to CHINA, or somewhere else, overseas. 4) BUY ORGANIC food – whole food, preferably, and locally-sourced, ideally. Those are just 4 things everyone could be doing, to help save this country.

  • It is I only

    Everything Is Fine!
    Trust me! I am your elected democratically & respected President!
    Would I lie to you?
    Keep watching on respected TV Aghanistan (oops sorry I mean) America’s got talent!
    All’s fine TRUST ME! YES WE CAN!

  • Mondobeyondo

    Here’s this morning’s RBWU (Royal Baby Watch Update”….

    Um, no kid yet.
    Come on Kate, pump that baby out of your uterus already!

    (Yes, I’m bored. Sorry)

    • Mondobeyondo

      Back on topic –somewhat…
      I didn’t used to be cynical of our government. That changed around 1973 or so, with the Watergate hearings being broadcast on TV.This was long before the Anita Hill – Clarence Thomas Supreme Court hearing thing, High Drama, At Highest Levels! ™
      Oh, and there’s even hair and Coca Cola involved. .

  • cecilhenry

    But the real problem is: Africa for Africans, Asia for Asians, White Countries for Everyone!!

    America in 1965 was 89% European. America tried to make itself non-European.

    America’s economy has collapsed. America is 100 trillion in debt. Why do you think that is? People matter.

    No one’s talking about flooding African with non-Africans and giving them affirmative action, special rights and privileges, and free health

    Only White Countries are doing it, only White children are affected, only White politicians are doing it.

    Its Genocide.


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