Any economy that constantly consumes far more wealth than it produces is eventually going to be in for a very hard fall. Many point to relatively stable GDP numbers as evidence that the U.S. economy is doing okay, but the truth is that we have had to borrow increasingly massive amounts of money to keep GDP numbers up at that level. The U.S. government is going to run an all-time record deficit of about 1.65 trillion dollars this year and average household debt in the United States has now reached a level of 136% of average household income. But borrowing endless amounts of money and consuming massive amounts of wealth with that borrowed money is a road that leads to economic oblivion. The only way to have a healthy economy in the long run is to create wealth. But how can America create wealth if our industrial base is being absolutely destroyed? According to Forbes, the United States has lost an average of 50,000 manufacturing jobs per month since China joined the World Trade Organization in 2001. Hundreds of formerly thriving industries in the United States are being totally wiped out. China uses every trick in the book to win trade battles. They deeply subsidize their domestic industries, they openly steal technology, they blatantly manipulate currency rates and they allow their citizens to be paid slave labor wages. So yes, the products coming from China are cheaper, but in the process tens of thousands of factories in the U.S. are shutting down, millions of jobs are being lost and the ability of America to create wealth is being compromised.
In 2010, the U.S. trade deficit was just a whisker under $500 billion. Much of that trade deficit was with China.
During 2010, we spent $365 billion on goods from China while they only spent $92 billion on goods from us.
Does a 4 to 1 ratio sound like a "fair and balanced" trade relationship to anyone out there?
Our trade deficit with China in 2010 was the largest trade deficit that one country has ever had with another country in the history of the world.
In fact, the U.S. trade deficit with China in 2010 was 27 times larger than it was back in 1990.
Needless to say, that is not a good trend.
Our industrial base and our ability to create wealth is being wiped out so rapidly that it has now become a very serious threat to our national security.
According to Forbes, there is only one steel plant inside the United States that is still capable of producing steel of high enough quality to meet the needs of the U.S. military, and even that plant has been bought by a European company.
Meanwhile, China produced 11 times as much steel as America did last year.
Not only that, China is now the number one supplier of components that are critical to the operation of U.S. defense systems.
How in the world did we let that happen?
So what happens if we have a conflict with China someday?
But of more immediate concern is the loss of jobs that the destruction of our industrial base is causing.
For example, the Ivex Packaging Paper plant in Joliet, Illinois just announced that it is shutting down for good after 97 years in business. 79 good jobs will be lost. Meanwhile, China has become the number one producer of paper products in the entire world.
But China is not just wiping the floor with us when it comes to things like steel and paper.
The truth is that China has now become the world's largest exporter of high technology products. Back in 1998, the United States had 25 percent of the world’s high tech export market and China had just 10 percent. Ten years later, the United States had less than 15 percent and China's share had soared to 20 percent.
So how is China doing it? Well, as noted above, they are pulling every trick that they can think of.
Most Americans think that we have "free trade" with nations such as China. That is a complete and total lie and anyone that believes that we have "free trade" with China does not know what they are talking about.
China subsidizes their domestic industries to such an extreme extent that many global industries no longer even come close to resembling "free markets" as a recent story in Forbes noted....
According to a story in the January 20, 2009 New York Times, government subsidies so thoroughly disrupted pricing in the global market for antibiotics that many western producers had to either move facilities to Asia or exit the business entirely. The reason this might matter to intelligence analysts is that the last U.S. source of key ingredients for antibiotics — a Bristol-Myers Squibb plant in East Syracuse, New York — has now closed, leaving the U.S. dependent on foreign sources in a future conflict.
Our politicians and our business leaders have pursued economic policies that are so self-destructive that it defies explanation.
How in the world could anyone be so stupid?
Since 2001, over 42,000 U.S. factories have closed down for good. Millions of jobs have been lost. The ability of the once great American economic machine to create wealth has been neutered.
The business environment in America is completely and totally pathetic at this point. The number of small businesses that are being created is also way, way down.
According to the U.S. Census Bureau, only 403,765 small businesses were created in the 12 months that ended in March 2009. That was down 17.3% from the previous year, and it was the smallest number of small businesses created since records began being kept in 1977.
The truth is that the U.S. economy is dying.
We continue to consume about the same amount of wealth that we always have, but our net worth is declining.
According to the Federal Reserve, more than two-thirds of Americans have seen their net worth decline during this economic downturn. In fact, the Fed says that between 2007 and 2009, the wealth of the average American family declined by 23%.
So if it seems like your family and everyone around you is getting poorer, that is because it really is happening.
We really are becoming poorer as a nation.
We can see evidence of this all around us. Just consider a few of the examples that have been in the news in recent days....
*One school district in the Chicago area is laying off 363 teachers.
*The U.S. Postal Service is offering $20,000 buyouts to thousands of workers as they attempt to slash 7,500 good paying jobs.
*The city of Detroit, once a shining example of middle class America, is now a rotting cesspool of economic decline and it saw its population decline by 25 percent over the decade that recently ended.
Americans are not feeling the full impact of America's industrial decline yet because we have been filling the gap in wealth creation with massive amounts of debt.
In the years since 1975, the United States had run a total trade deficit of 7.5 trillion dollars with the rest of the world. That 7.5 trillion dollars could have gone to support U.S. businesses and U.S. workers, but instead it left the country and went into the hands of foreigners that do not pay taxes.
Therefore, the U.S. government, state governments and our local governments have had to borrow massive amounts of money to make up the difference.
Most people do not realize it, but the destruction of America's industrial base has played a very significant role in the government debt crisis we are facing today.
In addition, the millions upon millions of workers that have lost their jobs as America's industrial base has been destroyed are now a drain on the system. Instead of creating wealth and being involved in economically productive activity, millions of American workers are now totally dependent on the U.S. government for survival.
Do you think that it is just some sort of accident that we have 44 million Americans on food stamps?
Don't you think that a large percentage of those people would actually like to have good jobs that would enable them to sufficiently feed their families?
If we continue on the path that we are currently on we are not going to have much of an economy left.
Not that all trade is bad. Certainly not. For example, trade with Canada is generally a very good thing.
However, the horribly unbalanced and unfair trade relationships that we have with nations such as China are ripping our industrial base apart. Our politicians have not been telling us the truth about what the "global economy" will mean for American workers. Most U.S. workers never realized that globalism would mean that they would be competing for jobs with workers willing to work for one-tenth the pay on the other side of the globe.
Those people that believe that we can indefinitely maintain an economy where we consume far more wealth than we create are completely and totally delusional.
Until the American people wake up and start demanding change from our politicians on these issues, 50,000 (or more) manufacturing jobs will continue to fly out the doors every single month and even more Americans will become dependent on government welfare.
Is that what you want?
The republicans added one trillion to the debt by giving tax breaks to millionaires. They do not care about jobs. They only care about the corporations they represent. Not people.
From Senator Orrin Hatch,
This week the President released his budget that spends, borrows and taxes too much. It was sadly a missed opportunity to free our children and grandchildren from a mountain of spending-fueled debt. It’s time to dramatically cut spending to get our fiscal house in order, which is why I continue to fight for balanced budget amendment to force Congress to live within it’s means.
Reply to Senator Orrin Hatch,
With all due respect, a balanced budget amendment sounds like a great idea but Americans do not need more laws – they need more leadership! I am sure that you are aware of the many ways that our constitution has been violated. If congress is not honoring our existing constitution, why would it do any good to amend it?
The first thing that congress needs to do is start supporting industries that create wealth (agriculture, energy, manufacturing, and mining). At the present time, congress is doing everything they possibly can to destroy these industries or drive them out of the USA. In addition, congress remains silent while foreign nations take over our remaining farms, factories, and natural resources. With foreign ownership, where do you think that the profits from these industries end up?
After the above industries start creating wealth and jobs again in the USA, tax revenue will increase and the need for deficit spending will decrease. After Americans are back to work, the cost and size of government could and should be reduced. Dramatic spending cuts at this time would cause a dramatic increase in unemployment.
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To hear media flacks soft-selling the reality of out situation here in the U.S. is truly despicable. Most all of this simply couldn’t have happened without media complicity.
It has been said before but given the general level of sheer somnambulance it appears that things will have to get a lot worse before some momentum can be generated for some fundamental change for the better.
The government/corporate nexus must be taken apart, that’s for sure.
I just can’t believe that more of the same (Print, Borrow, and Spend) in greater quantities is the real solution. Maybe our political Parties need to come together as one and focus only on repairing our fiscal mess. Cutting, consolidating, eliminating some services, seems to be the only way to go in order to bring some sanity back…..
Austerity In Perspective (hilarious video):
http://www.youtube.com/watch?v=_LgDjHOX_UE
I hope you realize the economic collapse of america is intentional… it’s all planned out —
you do realize that right Debt Slave???
Yes YOU Debt Slave!!!
If you want to do something about it… buy silver NOW! Arm up (buy a decent gun w/ a good supply of ammo) and Stock up on Food! And Fresh water!
It’s only a matter of time now – when they’re gonna completely default on the dollar and then YOUR FCK”D!
Your money is going to be worth less than toilet paper!
Get It????
I hope you do…
In an open system, everything with an extreme disparity will move to an equilibrium. This is what will happen when “Free Trade” is established.
I’m sure that BHP would be overjoyed to sell the US military any steel they want, but I rather suspect that Germany and Japan would be pushing to get in first. Of course, soon BHP will not be able to burn any carbon, and that’s going to be a bit of a sticking point with the steel production.
Just locking down the debt ceiling is every bit as effective as a balanced budget amendment and a lot easier to implement. Wait for the next debt ceiling raise and vote no.
Trouble is, we know the US economy is tanking. The Democrats are looking around for a scapegoat to try and convince party faithful that their policies would have worked if it wasn’t for those terrible Tea Party guys with their tight fiscal policies. The tighter the Tea Party decide to get, the more the Democrats will frame the failure narrative.
You must admit though, that a period of hardship will do Americans a lot of good. You guys are at your best when you face real problems, all these decades of easy living have made you complacent.
This is an epic collapse. To individuals it is slow motion decline, or perhaps not a decline as they still have a job and income. But put in the context of national statistics and trends it is almost terminal as all the negative trends converge. These multiple issues build upon each other and will tend to compound problems rapidly.
Are we perhaps witnessing the de-industrialisation of an advanced economy. If this is a war not fought with bombs and guns but via commerce and supply chains the Chinese have been very shrewd and are on the verge of wining.
Both parties are up to their neck in guilt regarding US industrial evisceration. Eighty five percent of US Senate Republicans and eighty percent of US Senate Democrats voted for China Free Trade and a Democratic President signed it into law; not that a Republican President would do anything different. So much for the Democrats being the friend of the “working man”. The reality is the “working man” has no friends.
How interesting that the destruction of America can be traced to the beginning of the Shrub Bush presidency…….
Democrat or Republican, it doesn’t matter. The politicians have figured out that they can by votes, therefore privelages by “giving” us national programs. We are now doomed. I really see no way out of it other than a complete meltdown and then starting all over again from scratch but that will probably take a few hundred years.
This Ponzi scheme is starting to come unraveled!
Gentlemen, gentlemen! There were all planned to destroy America and those corrupted govt, politicians and corporations . . . have succeeded. It is time for the American people to take the country back and bring a real constitution back to the people and restore the country before it is too late!
“How in the world could anyone be so stupid?”
For a long time I thought it was just innate stupidity, but no one can be that stupid, especially if they are smart enough to win elections. I used to think it was stupid to believe in conspiracies, but it is the only explanation that makes sense. There is a plan to destroy this nation, so “they” have a free hand in the world, without American interference.
Welcome to the New World Order, everyone…!
Oh, it’s a wonderful place, alright, where you won’t have to worry about your grand children not having jobs—there’ll be PLENTY of work for the pretty-looking ones in the sex trade industry catering to the visiting Chinese (remember, the boys FAR outnumber the girls in China now, thanks to their one-child-per-family policy—these boys are BOUND to be “frisky”!)…the unattractive plain-Janes can work as chamber maids in the service industry for the legions of our visiting Chinese friends…
If worse comes to worst, heck, there’ll be a slow boat off to Choina every day, I’m sure, with work available in the rice paddies & sweat shops! (what nouveau-riche Chinese person wants to dirty his hands doing manual labor…?!).
A great scenario, is it not…? Sounds like some bad, stupid nightmare—but isn’t that exactly what’s become of the “American Dream”, thanks to de-regulation & the just-plain-down-and-dirty greed of our political leaders & so-called “captains of industry”…?
We reap what we sow—and the harvesting is only just now getting underway.
i am sorry but we do not need leadership, we need representation!!!
The US Congress has sold the American people down the river. They have in the past years allowed corporations to move our jobs and factories to foreign countries operated by communists. This in my opinion TREASON. Giving aid and comfort to the enemy is the definition of treason. Are we not fighting communism anymore? Would not their votes then to send these jobs and factories there be proof enough? Remember NAFTA? Remember G.H.W.Bushs most favored nation treaty with China. Did congress just pass the trillions in bailouts to the world’s largest banks? QE2? We the People paid for that. And most of that money goes to foreigners. And we will pay it. We put too much of the blame on the presidents figure head. It all lies at the feet of Congress. It is they who pass every budget, every president’s budget, every bank bailout, and every law that allows the corporations to move our work to communist slave workers. Remember it was Congress who passed the unconstitutional FED Act, the unconstitutional Income Tax Act, and on and on. I would like to know from these men in Congress at what price did they sell us? $100,000, $1,000,000? What was your price? What did you get in return for your vote? Was it worth the price we the People will pay? Was it not enough to slap us in the face when you voted for these treaties? And now you have allowed inflation to devalue my dollar to nothing more than a green piece of paper.
What can we do? A lot. Let us elect a sheriff to our counties and parishes who have the backbone and the will to defend the American people and the US constitution. Let us form Grand Juries (yes we can do this) to gather evidence against these treasonous congressmen and put them on trial by a jury of their peers and convict them. Let our sheriff arrest them on the charge of treason as soon as they set foot in our counties and parishes. Their voting record in congress should be enough to do this easily. Then once this traitorous bunch is rotting in jail we can elect Patriots who believe in liberty to represent us once again.
To stop these undeclared wars.
To put an end to the FED and coin our own money.
To end the Income Tax Act.
To stop the ever increasing flow of jobs to communist countries.
To just follow the simple guideline known as the CONSTITUTION of The United States.
Enough.
please copy this and paste it anywhere you please, you have my permission.
American corporations have done nothing to create jobs even though their profits continue to become more bloated.
The American political leaders have taken on the scam of empire through endless war and fascism. Our leaders starting with Reagan set us on a path of destruction we will not recover from as long as we allow our corporate government to prevail.
America is headed toward a third world burnout like a train out of control and their is nobody left to bring it under control.
America is failing so fast even the corporate Media can’t keep up with the treason.
The end will come to all this madness but it’s going to be very painful for the public that has sat back and allowed it to happen.
There will be no demand for change in the US. We have a generation of (soccer) mammas boys, degree in hand and a sense of entitlements. They won’t march in the streets as in Europe and the Middle East when they realize there is no cushy job waiting for them after graduation. Their higher education tells them to wait till the next election. They can vote for Hope and Change.
Make no mistake. The pussification of America is upon us!
We have the largest consuming economy in the world. The USA should tap this economy to spark the recovery by imposing tariffs based on regulatory charges and the relative cost of labor in each country. Across the board tariffs discriminate against efficient industries. This policy would allow free trade with the western industrialized nations and Japan but would cut Asia and the subcontient out of the loop.
Sadly, the collapse of America cannot be stopped, it’s too late. The gargantuan house of cards built of dept is ready to suddenly collapse with the sound of a thousand freight trains. Our industry is gone, the artificially inflated housing industry was the only thing holding us up, and now that’s kaput. There’s nothing left but more dept which is being piled on at unprecedented speed. The Federal Gov, every state, county, city, municipality is drowning in dept and sinking deeper. We’re finished, but the masses still watch Dancing with the Stars as if nothing else matters. Good luck people, you’re going to need it.
All hail New World Order…
Well, quite simply, we are doomed! We now get to pay the price for selling our souls all over the place for profit.
@ impeachRonPaul:
Since even you know that we need corporations and such to have jobs, I will only give you a D- for your effort on that joke line! (If you want people to believe that you believe what you are saying, you need to work harder than that. Might I suggest Troll School?)
If you grow hemp on an industrial scale using undeployed labour, you could generate fuel and food locally to take the strain off fuel and food prices by bringing in a home grown alternative.
This is looking more and more like an extinction level collapse every day. We are just tool making apes and have made too many tools and can no longer maintain them. If we get smart and rebuild a partnership with Hemp then we might get out of trouble.
To all you GW Bush voters……man up and admit that the collapse began with the Shrubber in 2001. Not very funny, is it??
The webmaster of this site often exhorts his readers to contact our politicians – alleged public servants – in the District of Corruption / Criminals to ” demand change “,etc. I want to share my experiences with the staff of my senior US Senator, Saxby Chambliss,(R)Georgia, with my fellow bloggers. Since shortly after 9/11, I’ve attempted to arrange a personal meeting with him; to discuss my concerns. I’m still WAITING for his apparently incompetent staff to arrange my meeting – nearly ten(10) years beyond 9/11! Apparently, my senator is just too busy to meet with this 22 Year Veteran of Air Force active duty service to meet with me!? Furthermore, his staff has accomplished NOTHING to resolve two(2) injustices that the Federal Government caused me! They only gave me excuses; thus defending the federal government … and not me! In fact, when I took the time to drive to my senator’s local office, in Macon, GA., his staff member told me that they’re overburdened … and understaffed! Even after taking the time and bearing the expense of driving to my senator’s local office, his staff have failed to accomplish ANYTHING for me! Can you say:” Taxation without representation” – I knew you could?!
I hope I’ll have Tea Party candidates here in Georgia to vote for in future elections!
I wonder if fellow bloggers have been ” snubbed” by their alleged ” representative(s)”?
We have become a nation of pathetic pig ignorant fools. We have been sold out to the global corporatocracy.
What have we gained exactly from free trade and globalism? Nothing for the average American, but corporate profits are through the roof. Oh those corporations create jobs you say? Yeah well they have created millions of them….in CHINA.
Our politicians are bought and paid for. We know it (even our complicit media cannot keep the truth from us forever), and we don’t seem to care. If we just keep accepting the situation as it is, maybe we are not worth saving.
It isn’t Republicans or Democrats or Bush to blame. This has been happening since the 1980s. It’s a combination of high taxes, regulations, the cheapness of moving production overseas. After 30 years, my husbands company has had to close down because they kept production in the United States while the competition moved production to China and can offer way cheaper products than his company can. If we had continue to support American based companies (as in products made here, not just stationed here), perhaps this wouldn’t have happened. Maybe if we had kept control over politicians, and not allowed them to continue ruining this country, this may not have continued to happen. My husband is looking for another manufacturing job but because there are now so few, it’s becoming more and more difficult to survive. Quiet frankly, I’m tired of it. But until others come together and quit arguing over “it’s the republicans”, “it’s the democrats” and vote these life long politicians out of office, nothing will ever get fixed.
My theory is a simple one: our nation is leading other nations down the garden path of consumerism – there are a few extremely wealthy individuals who benefiting while we experience a massive middle class erosion, through tax favoritism(mortgage intrest write-off ) and social releif schemes our anger is kept in chek. This is necessary though because if the true state of our financial position were revealed we would lose first . All countries have adopted this stanz especailly china and india due to thier burgeoning middle class . Really we have to just sit tite till the domioes eventually fall could be a couple of years- they are very good at controlling this game.
Gutter Economist says, “The first thing that congress needs to do is start supporting industries that create wealth (agriculture, energy, manufacturing, and mining).”
I don’t know where you’ve been the last few decades, but the government has given these corporate whores fabulous tax breaks and cash rewards. Giant farms are paid handsomely not go grow stuff. GE made billions but paid no taxes last year, and neither did ExxonMobil. The large mining companies are never held accountable for breaking laws and killing miners. Gas and oil drilling companies pay the gov’t a lousy 5% royalty for the privilege of taking our oil and gas and selling it to non-Americans. As for manufacturing, companies that outsource get tax credits.
The Republicans scream about the deficit–but they’d cut food stamps and heating aid to the poor and elderly first before they’d ever ask the corporations for tax money.
Very informative and accurate article!!! Some people who are awake and asking questions are saying, What Happens Next? Please read carefully and very thoroughly so you can get a good grasp of the near future for the US and the world. The following is a brief summary of coming events that will affect the entire planet. The book of Revelation predicts three global earthquakes. These earthquakes will increase in severity as they occur. They will sever bridges, break down hydroelectric dams, tear train tracks apart, collapse freeway overpasses, and kill many people. Obviously, thousands of building will collapse. The world’s economy will implode. Communication, travel, and manufacturing infrastructures will come to a screeching halt. Prior to 1994, Scientists claimed that a global earthquake was physically impossible.This theory has been scattered. An earthquake shook the whole world in December 2004 and approximately 230,000 died in southern Asia as a result of the tsunami that followed. Folks, these things this writer of this article has so accurately explained is coming to pass because we as a nation and the world have turned their back on God Almighty. Greed has taken its sway, and the point of no return has come, and now the consequences and judgement of God will be next!!! We are on the brink of a ONE WORLD ORDER, and most of a person’s constitutional rights have been completely stripped away!!! Wake up and get prepared for the very near future!!!
This is a test to see what the formatting is like.
To fix the employment problem, we really need to know the reasons why we have an employment problem and employment is really so important.
First, we ourselves caused the employment problem because this is what we all wish for:
- The objective of business is to produce a profit for its owners and shareholders.
- Workers want the highest wages they can get.
- Consumers want the lowest price for the goods they buy.
Guess what? We all got what we wanted by out sourcing our jobs.
There are two reasons why jobs are so important:
- Workers pay taxes which keep the country's infrastructure working; roads, schools, police, fire, etc.
- Workers spend their pay locally which means the tax base is even larger; money will pass through the hands of at least 5 local people before leaving a vibrant community. Assuming a flat 20% tax rate, $68 will be collected from each $100 that a company employee earns.
To fix the employment problem, we really need to know the reasons why we have an employment problem and employment is really so important.
First, we ourselves caused the employment problem because this is what we all wish for:
- The objective of business is to produce a profit for its owners and shareholders.
- Workers want the highest wages they can get.
- Consumers want the lowest price for the goods they buy.
Guess what? We all got what we wanted by out sourcing our jobs. Now the stock market for businesses are booming even though the American economy is depressed. Is this what we want? Is this what the businesses really want? Why are jobs so important?
There are two reasons why jobs are so important:
- Workers pay taxes which keep the country's infrastructure working; roads, schools, police, fire, etc.
- Workers spend their pay locally which means the tax base is even larger; money will pass through the hands of at least 5 local people before leaving a vibrant community. Assuming a flat 20% tax rate, $68 will be collected from each $100 that a large company employee earns.
The rich and well-to-do do not really fit into this tax equation because they do not spend their money locally; how many CEO’s chauffeured limos do you see in a Walmart parking lot? Does Walmart sell yachts, 6 figure jewelry, etc?
Increasing the tax base is why there is a push to get small businesses up and running. This won’t work if these new businesses out source their jobs.
The solution is threefold:
- Businesses bring back jobs into the US and they and their shareholders must be willing to have lower profits.
- The workers have to accept a lower wage and reduced benefits. Also bonuses need to be given only if the US job situation is improved by the changes that are made. Increasing profit at the expense of American workers is a no-no.
- American consumers have to concentrate on buying American made goods.
The concern that “Buying American” will affect foreign relations is not as big a problem as one might think. Right now, most foreign made goods are destined for the American middle class market. The problem is that the American middle class do not have the jobs that will allow them to continue buying these foreign made goods. It is better if the foreign countries sold those goods to their own people at a price that their people can afford rather than attempting to sell in depressed American market. Once the American middle class is working again, then conditions will change for the better globally.
Business, workers, and consumers all have to understand that they are interrelated and what one does at the expense of the other can have detrimental effects on the entire system and a balance is needed for all decisions and actions. All it takes is uncontrolled greedy unscrupulous persons to cause a balanced system to fail.
What happens when we run out of rich people?
Who will pay the unemployed, medicare, disabled, social security, food stamps…etc?
With no middleclass who will support us? China! LOL! They will have won the war withour a fight while us in the United States of the Banana Republic Unions will still be fighting to keep there benefits and us in the silent majority will be wondering what the hell happened!
To All, there is a book out “The Fair Tax” cost about $15.00. It will tell you how to bring about the return of billions, if not trillions of money in off shore accounts, plus manufacturing plants,jobs, and make this country competitive with other countries that are stealing our place in the world market.It will make the USA the tax haven of the world. It will cost about the same for goods and services, but everyone will pay a fair share, and people will not be able to avoid,or cheat the government. The rich will pay more for their luxuries and high end toys. The I.R.S. will be gone and April 15th will be another spring day. No tax on the resale of your car or your house. Your pay check will be without FICA, witholding tax, eliminates Medicare witholding. People will be able to save more and buy that home sooner that they can afford. Please don’t listen to the “Nay Sayers” Read the book. Read the book.
One definition of “totally delusional”: Keynesian economics. The economic school that our current government & financial “leaders” and those of other western nations subscribe to, that is.
“Free trade” is a modern ideology – in the negative sense of the word. A dogma that can’t be questioned without invoking the outraged ire of virtually everyone including normally intelligent people. When you have “free trade” between completely disparate cultures you risk exporting the very means of production from one society to the other, eventually resulting in the destruction of one. That’s exactly the situation we are in now.
Many of us have known that America has a one way ticket to nowhere. We have to do more than sitting around crying about it. Do something about it. Join your countrymen.
“THE REVOLUTION HAS STARTED”
Read “Common Sense 3.1” at ( http://www.revolution2.osixs.org )
“Spread the News”
@Robert Stout
I find your comment to be sincere but woefully ignorant. Your almighty god is punishing us because of greed. Most people in this country and the world are poor. So your god’s answer is to punish us all. Sir, look for another answer…
America can create wealth by taxing the rich hard and spreading the wealth it already has. This will put $ in every ones pocket which will stimulate demand when they spend it.
impeachRonPaul,
Add Democrats, and probably even Bernie Sanders to your statement and I will take back what I said about you.
I will apologize now though for what I said – it was just way too mean. Sorry.
chazmd38,
Good Answer. Good Answer. I like the way you think. I’m gonna be watchin you.
Demand all you want people. The psychos that run planet earth have never listened to demands from the Hoi Polloi.
You are all acting like this is the “latest” – as an old man – we NEVER recovered from the 1980s rust belt collapse, the 1987 stock market crash, the savings and loan fiasco, the 2000 “dot com bust”, nor the 2008/09 housing bust. This has been going on for 30 years.
ONe big reason biz is moving out fast is the EPA and the green nazi’s – and their draconian decrees. One cannot simply stand and say that the EPA or some other government body’s rules are driving them away. Add “civil rights” – “affirmative action” and the EEOC to this mess, and all the total fines which they can and do assess, and it is no wonder biz goes elsewhere.
IF one was to stand and say it was the 60′s hippies “save the planet” mentality which is runing this world – they would be skinned alive by both the government and the “feel good” people.
WE need to repeal all social legislation, and replace it with common sense legislation which does address the problems which Title 7 1964, Title 9, Title 12 and all the other stupid other special interest groups got pushed thru congress to benefite their point of view.
IF we start to leave biz alone, it will come back. Don’t tell them “how many” of some type need to be on the payroll. Understand that industry is a messy business, but the mess can be controlled, and taken care of, — AND — show industry how it can make money by being “clean” — it will be back.
NOT until, nor before. China does not have EPA / EEOC / or other draconian laws. Biz will go where biz is welcomed and not fined to death for every infraction.
Peter
Our society is in decline, it’s too late to
stop it. Prepare, our future will not be the
same. A good study on societal collapse:
Http://www.ourcivilization.com/study.htm
Whoops: change ‘z’ to ‘s’=
http://www.ourcivilisation.com/study.htm
The tea party is even worse. They are frauds for the rich (Koch brothers) with a rigid social agenda of taking more freedom and letting the goverment control us with more “social issues” from the far right. Keep your freedom avoid the white trash tea party!
The US is doomed. If you don’t believe it just stroll through your local Walmart and make note of the typical shopper there. You think these people are going to change this country’s direction?
The American people have deluded themselves into believing a rising Dow Jones index, higher corporate profits, and a new big screen TV, automobile and iPod indicate wealth. In reality, it is greed masquerading as wealth.
True wealth comes from a strong industrial base – the ability to manufacture products which other people (i.e. the rest of the world) desires or needs, efficiently and better than the competitor (in our modern case, China and Japan).. A service economy does not produce wealth.
We’ve sold our soul to China. They own us now. If not literally, then financially and economically.
In less than 100 years, the U.S. has gone from technological innovation to… McDonald’s and Wal-Mart.
Today and in the future, there will be wars, famines, pestilences, and earthquakes in diverse place.
I didn’t say it. Jesus said it. Read Matthew 24 sometime.
The good news is, it’ll all work out well in the end. The bad news is, it’s going to get worse in the short term. A whole lot worse. All this is only the beginning of sorrows…
Posted by Suetonious
November 19th, 2010 at 10:28 am
Hopefully, the American people will begin to realize that this has all been by design. This is no “mistake”. This is not the result of “stupidity” or “incompetence” on the part of the true masters of our national destiny. Believing that crap makes a person one of the useful dupes that keeps spinning in circles as the Masters of Economic Destruction maintain their economic demolition activities.
Some brutal facts that Americans were just too fat and happy to notice until a few short years ago:
- Your government does not work for you and has not in your lifetime. It works for the banksters who themselves report to even nastier European banking families who’ve been porking the western world for several hundred years.
- America served its purpose in installing a corporatocracy around the world. This established the foundation necessary for the Illuminati megacorporates to move on in and dominate a country’s activities. During this gestation time (think of the movie “Alien”), the PTB made America prosperous and mighty in order to carry out that task.
- The above task is done, and now…Americans are a hindrance to their plans to establish a global governing body to control the wealth and activities of the entire world. Americans are considered too vehemently nationalistic and demanding of individual rights, to acquiesce to their plans for a Brave New World Order. Thus, you are now being actively – and I mean – ACTIVELY destroyed.
- If you understand the above, you might have a chance to fight back. If not – you will be caught in their endless “action-reaction-fascist solution” cycles to end up exactly where they want you – broken, destitute, angry and impotent.
- The PTB are now looking to screw over Asia. As long as you think China is the enemy, you play right into the hands of the insidious viper/vampire Rothschild moneygrubbers.
- You ain’t gonna hear anything like this on the sheepstream media, so if you wait for this to be verified by the bought-and-paid for MSM scum, yer gonna be dead or out of the way before it dawns on you.
Unpleasant facts, yeah – but it’s long past time where the delusionally trusting and/or complacently stupid have the luxury of dismissing things that don’t strike them as pleasant.
In short, yer s— sandwiches are up, and you either storm the kitchen en masse – or get ready to hold your nose and take some big whopping bites.
@William, “the collapse began with the shrubber”?? You single out a specific point in time for the beginning of the collapse and equate the arrival of Bush into office as the reason behind the collapse???
Are you not able to see how incredibly short sighted and downright ignorant that limited view of the variables involved really is?
As if any individual president bears responsibility, when if fact the presidents from Woodrow Wilson onto the present are all guilty. Guilty of enthroning corporations, the creation of a global corporatocracy and the planned wealth transfer from the western empire to the atheistic east.
I will add a comment from another intelligent post found on the economiccollapseblog.
Posted by Suetonious
November 19th, 2010 at 10:28 am
Hopefully, the American people will begin to realize that this has all been by design. This is no “mistake”. This is not the result of “stupidity” or “incompetence” on the part of the true masters of our national destiny. Believing that crap makes a person one of the useful dupes that keeps spinning in circles as the Masters of Economic Destruction maintain their economic demolition activities.
Some brutal facts that Americans were just too fat and happy to notice until a few short years ago:
- Your government does not work for you and has not in your lifetime. It works for the banksters who themselves report to even nastier European banking families who’ve been porking the western world for several hundred years.
- America served its purpose in installing a corporatocracy around the world. This established the foundation necessary for the Illuminati megacorporates to move on in and dominate a country’s activities. During this gestation time (think of the movie “Alien”), the PTB made America prosperous and mighty in order to carry out that task.
- The above task is done, and now…Americans are a hindrance to their plans to establish a global governing body to control the wealth and activities of the entire world. Americans are considered too vehemently nationalistic and demanding of individual rights, to acquiesce to their plans for a Brave New World Order. Thus, you are now being actively – and I mean – ACTIVELY destroyed.
- If you understand the above, you might have a chance to fight back. If not – you will be caught in their endless “action-reaction-fascist solution” cycles to end up exactly where they want you – broken, destitute, angry and impotent.
- The PTB are now looking to screw over Asia. As long as you think China is the enemy, you play right into the hands of the insidious viper/vampire Rothschild moneygrubbers.
- You ain’t gonna hear anything like this on the sheepstream media, so if you wait for this to be verified by the bought-and-paid for MSM scum, yer gonna be dead or out of the way before it dawns on you.
Unpleasant facts, yeah – but it’s long past time where the delusionally trusting and/or complacently stupid have the luxury of dismissing things that don’t strike them as pleasant.
In short, yer s— sandwiches are up, and you either storm the kitchen en masse – or get ready to hold your nose and take some big whopping bites.
America is toast, as planned by the mechinations of the NWO. Our troops are trapped overseas. Americas manufacturing is gone. Americas land was used as collateral for the Loans by China. In Law, they can come and take the collateral. Just like a car, don’t pay the loan, send the repo man, but this time it will be Chinas military. But first the planned civil war so when the chinese come Americans will already be at each others throats. But the media will be saying that they are here to “help us” restore order. Get ready.
America is now officially and unequivocally the under dog of the world. Our value as human beings becomes more diminished daily along with our home values, our education and our job experience. None of it means much more than squat these days although every commodity we buy is skyrocketing in price. We are being railroaded to *ell in a handbasket and there is no end in sight. We are not alone, Europeans are not far behind. All of these came home to roost in a few short years. To top it off, financial experts tell us we need $1 million to retire and be comfortable. Now that is a fine bit of advice. How do you save on poverty wages?
Tell Congress: Tax millionaires and billionaires
We are winning-Tax the rich hard and spread the wealth!
Tax corporations like GE who pay no taxes. Tax the mother F**** hard and spread the wealth!
http://act.credoaction.com/campaign/tax_millionaires/?r=7425&id=18539-2666779-P8uK3Sx
Follow UK’s example, why can’t people in USA unite againt the govt?
Wake up the citizens of USA…wake up…open you eyes…
stop watching your TV, it is brain washing you…
Take action…NOW
Take action, not for God’s sake BUT FOR YOUR OWN SAKE AND FOR THE SAKE OF YOUR KIDS FUTURE
When the unemployed cannot afford food on their table and gas to look for work Obama will tell helicopter Ben enough. What will provide the tailwind to corporate earnings as squeezed consumers spend more of their available funds on gas, heat and food? We may not import most of our food, but I sure am paying more! What will be replacing the strapped consumer to provide this tailwind?
We help Americans move to Asia for jobs and prosperity. Learn more at http://www.pathtoasia.com
Get ready, America: we are mere decades (or less) from becoming either a bonafide Fascist State, or a Communist one…
As soon as the “great unwashed” in this country are pried away from their reality shows on television, and the credit cards are maxed-out, they’ll be FORCED onto the street…and that’s when things will become interesting—VERY interesting.
Will we sacrifice personal liberty for security, by following the dictates of a corporate-propped strong man like Germany did in the 1930′s…? Or will we, instead, be part of a populist revolution that will see corporate carpet-baggers strung-up & hung from the lamp posts of Wall Street, and put power back into the hands of the people, a sort of “democracy-come-communism”…?
I don’t know—but something’s just gotta give. “Black Friday” in America is coming, and it’s very real…it’s only a matter of time.
Reagan started this disaster, GWB2 finished it. All right wingers are the enemy of the state and should be rounded up and thrown in the jails you have built for the brown and black people. your time is coming, and that right soon.