The Beginning Of The End
The Beginning Of The End By Michael T. Snyder - Kindle Version

The Prepper's Blueprint

Don't Buy Survival Food Until You Read This - If you stockpile the wrong foods, you could be setting your family up to starve. It sounds harsh, but the truth is too many people with good intentions are making critical mistakes with their food stockpiles. Watch this video now >>
The End of Obama? Approaching Obama scandal could change the White House Administration and our country overnight... Click Here
Gold Buying Guide: Golden Eagle Coins

Archives

Jobless Recovery?: 25 Unemployment Statistics That Are Almost Too Depressing To Read

Guess what?  Unemployment is up again!  That's right - even though Wall Street is swimming in cash and the Obama administration is declaring that "the recession is over", the U.S. unemployment rate has gone even higher.  So are you enjoying the jobless recovery?  The truth is that there should not be any talk of a "recovery" as long as the "official" unemployment rate remains at around 10 percent and the "real" unemployment continues to hover around 17 percent.  There are millions and millions of American families that are living every day in deep pain because of the lack of jobs.  Meanwhile, there are all of these economic pundits that are declaring that we are just going to have to realize that chronic unemployment is the "new normal" and that if other nations can handle high rates of unemployment then so can we.  The most optimistic economists are projecting that we can perhaps get the unemployment rate down to around 8 percent by 2012.  On the other hand, there are many economists that are convinced that things are going to get even worse.

If you have never been unemployed, it can be hard to describe how soul-crushing it can be.  As the bills pile up and the financial obligations mount, the pressure can be debilitating.  Being unemployed for an extended period of time can easily plunge you into depression and grind your self-worth away to almost nothing.  After getting rejected dozens of times (or even hundreds of times), many Americans simply give up.  There are countless marriages and countless families that are being ripped to shreds by financial pressure even as you read this.  When the money is gone and there is no job in sight it can be a really, really empty feeling.

Of course there is a whole lot more to life than money, but it can be difficult to tell that to someone who can barely sleep at night because of the intense pressure to find a job.

The vast majority of Americans have at least one family member or close friend that is looking for work right now.  Times are really, really tough and unfortunately the long-term outlook is very bleak.  We should have compassion on those who are out of work right now, because soon many of us may join them.

The following are 25 unemployment statistics that are almost too depressing to read....

#1 According to the Bureau of Labor Statistics, the U.S. unemployment rate for November was 9.8 percent.  This was up from 9.6 percent in October, and it continues a trend of depressingly high unemployment rates.  The official unemployment number has been at 9.5 percent or higher for well over a year at this point.

#2 In November 2006, the "official" U.S. unemployment rate was just 4.5 percent.

#3 Most economists had been expecting the U.S. economy to add about 150,000 jobs in November.  Instead, it only added 39,000.

#4 In the United States today, there are over 15 million people who are "officially" considered to be unemployed for statistical purposes.  But everyone knows that the "real" number is even much larger than that.

#5 As 2007 began, there were just over 1 million Americans that had been unemployed for half a year or longer.  Today, there are over 6 million Americans that have been unemployed for half a year or longer.

#6 The number of "persons not in the labor force" in the United States recently set another new all-time record.

#7 It now takes the average unemployed American over 33 weeks to find a job.

#8 When you throw in "discouraged workers" and "underemployed workers", the "real" unemployment rate in the state of California is actually about 22 percent.

#9 In America today there are not nearly enough jobs for everyone.  In fact, there are now approximately 5 unemployed Americans for every single job opening.

#10 According to The New York Times, Americans that have been unemployed for five weeks or less are three times more likely to find a new job in the coming month than Americans that have been unemployed for over a year.

#11 The U.S. economy would need to create 235,120 new jobs a month to get the unemployment rate down to pre-recession levels by 2016.  Does anyone think that there is even a prayer that is going to happen?

#12 There are 9 million Americans that are working part-time for "economic reasons".  In other words, those Americans would gladly take full-time jobs if they could get them, but all they have been able to find is part-time work.

#13 In 2009, total wages, median wages, and average wages all declined in the United States.

#14 As of the end of 2009, less than 12 million Americans worked in manufacturing.  The last time that less than 12 million Americans were employed in manufacturing was in 1941.

#15 The United States has lost at least 7.5 million jobs since the recession began.

#16 Today, only about 40 percent of Ford Motor Company's 178,000 workers are employed in North America, and a big percentage of those jobs are in Canada and Mexico.

#17 In 1959, manufacturing represented 28 percent of U.S. economic output.  In 2008, it represented 11.5 percent.

#18 Earlier this year, one poll found that 28% of all American households had at least one member that was looking for a full-time job.

#19 In the United States today, over 18,000 parking lot attendants have college degrees.

#20 The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.

#21 As the employment situation continues to stagnate, millions of American families have decided to cut back on things such as insurance coverage.  For example, the percentage of American households that have life insurance coverage is at its lowest level in 50 years.

#22 Unless Congress acts, and there is no indication that is going to happen, approximately 2 million Americans will stop receiving unemployment checks over the next couple of months.

#23 A poll that was released by the Pew Research Center back in June discovered that an astounding 55 percent of the U.S. labor force has experienced either unemployment, a pay decrease, a reduction in hours or an involuntary move to part-time work since the economic downturn began.

#24 According to Richard McCormack, the United States has lost over 42,000 factories (and counting) since 2001.

#25 In the United States today, 317,000 waiters and waitresses have college degrees.

But this is what we get for creating the biggest debt bubble in the history of the world.  For decades we have been digging a deeper hole for ourselves by going into increasingly larger amounts of debt.  In America today, our entire economy is based on debt.  Even our money is debt.  We were fools if we ever thought this could go on forever.

Just think about it.  Have you ever gone out and run up a bunch of debt?  It can be a lot of fun sitting behind the wheel of a new car, running your credit cards up to the limit and buying a beautiful big house that you cannot afford.

But in the end what happens?

It always catches up with you.

Well, our collective debt is starting to catch up with us.  There is a sea of red ink on every level of American society.  It is only a matter of time before it destroys our economy.

If you think that things are bad now, just wait.  Things are going to get a whole lot worse.  A horrific economic collapse is coming, and it is going to be very, very painful.

Be Sociable, Share!
  • William

    What the hell; BRING IT ON!

  • james bond

    there’s virtually no hiring goin on,so unemployed folks need create work for themselves.if you’re just sittin around at home emailin resumes and fillin out job apps. u better pray they extend unemployment benes into the next century

  • VegasBob

    Last month Bernokio revved up his printing presses for QE2 and claimed long-term interest rates would decline. Instead, long-term rates, including mortgage rates, have been rising.

    This means mortgage loans are more expensive. That won’t be good for housing.

    So yes, the US economy is going to get worse and that will become apparent in the next few months.

    At some point, the stock market will stop levitating higher in response to Bernokio’s money-printing, and will instead plunge. Then, millions of workers with 401K plans are going to suddenly realize that their retirement savings have simply vanished.

    Maybe at that point the people will finally awaken from their television-induced stupor and demand prosecutions and lengthy jail sentences for criminals like Bernokio and Lord Blankcheque.

  • Dino

    I cannot wait. Bring it on.

  • kasey

    approximately 5 unemployed Americans for every single job opening.

  • de Malfosse

    The cost of Empire.

  • stevo

    Alright I believe you… The whole shit house is going up in flames. This time next year the world will probably look something like Mad Max. What can we do about it??? Nothing!!! This thing is over the side of the cliff and there is no turning back. Buy a house full of groceries and hang on. The really sad news is that the U.S. deserves every lousy bit of whats on the way. Elections matter!!! Leaders with real character matters!!! We got drunk on fast food, fast cars, MTV, easy loans and life stopped working. When the crash does come I believe that it will take a couple of years for the real adults to take control and restructure a country and world where the government works for the people. Where bankers are not money whores. Where greed does not drive us every day. Where life feels like Mayberry again and that is OK!!! Meanwhile, we have got to prepare because this lesson is going to be HELLISH!!!

  • mondobeyondo

    “Jobless recovery” needs to join the classic lexicon of oxymorons. You know.. “jumbo shrimp”, “sanitary sewer”, “military intelligence”, etc.

    How can you have a recovery without jobs?

    If you ask Ben Bernanke that question, he’ll tell you the American economy is robust once again. Just look at Wall Street, it’s booming!

    Too bad they never ask We The People how the economy is doing. Because it’s not “booming” for us. Yeah, jobs are being created, but they are low wage and low quality jobs. What good is it to get a Ph.D. and have to work as a Wal-Mart greeter to make ends meet?

    9.8% unemployment… is this the “new normal”? This is depressing. No wonder they call it a depression.

    You want fries with this comment? Are you sure? I’ll even throw in a Happy Meal, free of charge!

  • http://brunolem.wordpress.com Brunolem

    November employment numbers were massaged…downwards!
    For many reasons, among which: helping the White House to get a vote extending unemployment benefits, helping to push the dollar down, as a “countermeasure” against the European crisis, which is pushing the dollar up!

    Having said that, I have written in the past that the biggest failure of our economic system is that it creates penuries of work and energy, two “things” existing in infinite quantities. That’s an achievement!

    Click on my name to visit my blog.

  • El Pollo de Oro

    Michael Snyder sums it up perfectly when he writes: “If you think that things are bad now, just wait. Things are going to get a whole lot worse. A horrific economic collapse is coming, and it is going to be very, very painful.”

    Sad, but true.

    Some Polyannas would have us believe that The Banana Republic of America (formerly the USA) was in a recession until last year but is now on the road to recovery. Nonsense. First, the BRA went into a DEPRESSION, not a recession, in September 2008, and the depression never ended. Second, the unemployment figures don’t begin to tell the whole story because they don’t reflect all the Americans who have been unemployed for so long that they have fallen off the radar. The real unemployment rate is more than 20%, and when you combine unemployment and underemployment, it gets much higher than that 20%. But this depression is going to get much worse than what we’re seeing now. All this misery and suffering is just the tip of the iceberg.

    Gerald Celente often says that the country is going into The Greatest Depression, meaning a depression that is even nastier than The Great Depression of the 1930s. And when that happens, all hell is going to break loose. Violent crime will skyrocket. Cities in the BRA will be as dangerous as Johannesburg, where armed robberies, kidnappings and violent home invasions in broad daylight are not uncommon.

    Right now, there is a debate in Congress over how much the top 2% should be taxed. Well, the uber-rich are going to be heavily “taxed” in the future, although it won’t necessarily be from the IRS. It will be what I call the Desperate People Doing Desperate Things Tax, which is collected in the abovementioned ways (armed robberies, kidnappings and violent home invasions) by individuals who are dirt poor, hungry, desperate, angry as hell, bitter and well-armed. The uber-rich in banana republics try to avoid paying the Desperate People Doing Desperate Things Tax by hiring armed bodyguards, which essentially makes them prisoners in their own homes. Bodyguard bills can add up in banana republics, as do medical bills every time you get shot, stabbed or beaten.

    Welcome to life in a Third World hellhole. Welcome to The Banana Republic of America, formerly the USA.

  • dino

    Now our days grow cold…..

  • dino

    Now ours days grow cold…

  • http://economiccollapseblog RICHARD SWANK

    THE THING THAT BOTHERS ME THE MOST IS MOST PEOPLE DON’T SEE IT COMING, AT LEAST TO THE EXTENT IT IS GOING TO HIT.

  • Gary2

    Consider this: The republicans are more worried about preserving tax cuts for the rich than they are about helping poor unemployed folks. Any unemployed dolt who voted repube deserves what they get. If the dems were still in power unemployment extension would easily have passed.

    If we were much more left of center we would be a much more caring/family values nation. To be conservative is to be selfish-”I got mine, to hell with you” Conservationism is destroying/has destoyred our once great nation.

    No one I know gives two rips about any defifiet/debt we want family supporting jobs and our money back that the rich have stolen.

    You see, when I say tax the rich and am accused of spending other peoples money I do not consider rich peoples money their money but the working peoples money they have stolen by not giving productivity increases and causing wages to stagnate. So as I see it I am advocating the return of something that was stolen. I can not remember who said this but is is very true. “any where you see great wealth you see also a great crime”

  • Gary2

    Michael-Your posts recently have been outstanding! Did you ever figure out how to change the icon to a picture?

    • Michael

      Gary:

      Thank you for the kind words.

      Which icon are you referring to? If it is for the icon for your comments, I think the way to get a picture is be using the Gravatar system. I don’t know that much about it, but you can check out their site here….

      http://en.gravatar.com/

  • Alton

    I am 58 years old and have been unemployed for 18 months. At my age it is hard to find a new job and I had been looking forward to retiring and never thought I would be in this situation. I am debt free but I am worried if my savings up this point will be enough. It really sucks, I should have gone into the government 40 years ago and then I would be on easy street now.

  • Gary2

    The same republican senators who are fighting to charge $700 billion in tax cuts for millionaires and billionaires to our national credit card say extending unemployment is “too expensive” and “must be paid for.” Meanwhile, more than one person a second is losing his or her lifeline.

    This is why I hate conservatives/republicans and why I want my country back.

    This is why we need to become more left of center more socialist and to turn our backs on the evil capitalists.

  • Richard W

    If you make it more difficult and expensive to hire people, you get less hiring. This is not rocket science. Reduce the minimum wage. Repeal a few thousand regulations.

  • Richard

    I’m sorry, I just cannot stand your soppy, sappy way of reporting this importnat information. the “very, very’s” and “really, really’s” just piss me off. And why always “Americans this and Americans that” instead of just “people”? And all ths stupid tear-jerker rhetorical questions. Trouble is I HAVE to read your site to get the info. I just hope I never have to meet you in person or I will throw up after less than 5 minutes.

  • Johnson

    Suggest everyone go to their Congressional representatives web sites and email this article to them.

    Also add that things are not going to get better until Congress takes away the tax breaks that make sending American jobs overseas viable.

  • John W

    I have been out of work for 2.5 years, wnet broke, loosing home, moving to trailer. I want the folks out there to know that in GA things are much worse than all the BS in the media. It’s scary and getting scarier.

  • thom j

    I sold all my 401k an paid a 10 percent penalty for this but I paid off my house an all debt 8 years ago and everyone I new said I was crazy….well Im now unemployed 2 years but I owe no one a penny, have my house, food in the pantry, and stress free…have a great day

  • john

    As this “recession” grinds on, more and more people(hopefully)are waking up to our new reality and are no longer in denial. This “recession” is all done by design by the people at the top of the pyramid and is accelerating.The only way to turn this around is by a mass awakening of everyone below the top of the pyramid. That will not be easy because it requires thinking out of the box. We have all been lied to since at least 1913 when the Federal Reserve was placed in power. People will believe a lie if it’s told to us over and over again. We have been dumbed down and programmed little by little since then to the point most of us don’t even know how to think anymore.The truth is out there for anyone who makes the effort to find it, but the truth is always sandwiched between two lies, and most people can not handle the truth when it is discovered, jumping back into denial. Only when the lights go out and water and heat are turned off will some finally wake up. People who have lost their homes,jobs,and are living in tents are fully aware of this new reality. People who still have a job and a roof over their heads do not.Thinking is the hardest work there is, that’s why so few people engage in it. Think about it people, there are only 545 people controlling over 300 million of us! We must all pull our heads out of the sand, educate ourselves, connect the dots and then collectively take action, but not by voting for new politicians for nothing will change by hiring new politicians. It should now be obvious that we can not depend on government. We must all learn to depend only on ourselves.Einstein said insanity is doing the same thing over and over again and expecting different results. Surely everyone should know by now how we got to in this position and who got us here. The economies of the world will never recover with out trust in the financial sector and in government. That would require the criminals who caused this go to jail, but white collar crime is difficult to prosecute,especially now because the legal system is also corrupt. We all must have hope. We all must be strong. We all must have faith.We all must plan for the worst and hope for the best.

  • Karen

    So SAD but the real reason that there are high unemployment rates(and getting higher) is that the jobs are in China, India, Mexico. The Stock Market goes up & down and so show a profit since not enough people are buying is to downsize or even better outsorce,then profits rise and share holders are happy.
    EXAMPLE: Harley Davidsion(made in USA forever) has now moved to India and even better they got one of the FED’S overnite loans so the Fed helped them relocate to India! Big companies and Wall Street need to stop big bonuses and hih pay and stay here and hire but that will not happen and more & more companies will leave. Then What! Be scared!

  • sharonsj

    What is this, the second or third jobless recovery we’ve had? Obviously there is no way our economy can survive without jobs, and the clowns in Congress are doing nothing and will continue to do nothing.

    My prediction is that the news will remain terrible for the next two years, at which point the 2012 elections will turn very ugly.

  • RunVampRun

    The sad thing about the unemployment situation is that with our current leadership (president & congress) we are not going to get anything done. Everyone in Washington seems to be in re-election mode (all the time) and would rather bend over for corporate cash than represent the people. My next-door neighbors (husband & wife in their late 50’s) have both been unemployed for a long time (she is a 99er he is about 2 weeks away). They both worked in the textile industry all their lives and went to work every day. In fact, the last year of their employment they were working 6 days a week. Both of them are hard workers and have not been able to find any permanent solution/job since they were laid off (factor closed down). I am sure they could have spent less, saved more, and better educated themselves so that when the bottom finally fell out of the textile market they would have been better prepared, but they did not and now everything they have worked for is about to be taken away. PURE GREED has taken away the American Dream they bought into all those years ago! Sure more sad situations like that of my neighbors are going to become our new normal….

  • http://www.povertylinejournal.blogspot.com/ the optimist

    It seems pretty obvious to me, that a “jobless recovery” . . . isn’t. That’s just invented gov-speak and would seem quite comical if the reality “out here” wasn’t so sad and frightening.

    I’m one of the unemployed, but I’m not in the official count, as I’ve been previously self employed. I do not get Unemployment Compensation. My income might be about $4k this year. I’ve been job hunting in earnest for about 6 months since I closed my business (retail shop). I’ve been radicalized by 5 years of poverty.

    Part of 2 job applications so far has been to submit to a request for a credit report. This seems an amazingly inappropriate “test” for whether I can do a good job for a company, and will of course throw my job app to the bottom of the pile, as I’ve lived hand to mouth for several years (bad credit just goes with that). I’d like to see a law against that one.

    I can’t help but thinking that employed people will never grasp what this is like, and are incapable of empathy. This can happen to everyone, of course, but most people choose to ignore reality and just worry about the daily details.

    I’ll tell you this, I’m making a public pledge that when I get a salaried fulltime job I’m going to at least double my DIRECT charitable giving – that is, none of this giving a faceless check at Christmas to United Way, but placing a $20 bill in the hands of a homeless person on a regular basis.

  • Joset Wales

    I just talked to a concrete pump operator yesterday, and he said his company was starting to hire more pump truck operators because things are strating to pickup, he said next year will be a booming year in America. So I ask him who he voted for, he said he didn’t vote because they will do what ever they want anyway, and as far as he could tell Obama was doing a fine job, after all Bush got us into this mess anyway.
    Poor Sap, I bet gold and silver are a barbarious relic to him as well. This is what most of the sheeple think, they get this from the mainstream media. Everything is good in America! IT MAKES ME SICK!
    Buy gold and silver with every penny you can get your hands on and sit back and enjoy the coming economic collapse, then buy all the land you can after this whole thing is over. That may very well be many, many years in the future though. Be patient and be prepared. Great article, keep up the good work! Not that the sheeple will ever read it, or take steps to help themselve. Let them starve to death!!! The strong will survive.

  • http://www.danielrevelationbiblestudies.com Robert Stout

    Thank you for another very interesting and insightful article on the “Unemployment Statistics” in America. Being an avid Bible student for years and also a student of prophecy, these are the things that are precisely coming to pass and will be fulfilled here very soon!!! Greed has taken over the entire world, but the United States in history has been given more than any other country of the world and look at what has happened!!! Your right, the economic collapse is coming right on time, just like a train coming into a station right on time!!! There is nothing that can stop the collapse now, the Lord God will allow this country to fall flat because they have chosen by their own free will to turn their back on God Almighty!!! Your articles are some of the very best in the entire internet today, I’m praying for you and the entire staff for continuing wisdom as you and staff bring these truths to others who would otherwise be duped by false information and propaganda from other organizations that lie to the public!!!

  • Beth

    I know this is a reality that is really depressing and the future looks rather bleak. My question though…I live in the midwest; where it is said we are “20 years behind the times”. Well–so be it. Our economy is largely agrigarian and we really, truly are not facing many of the problems like so many others are in our nation. I remember from History 101 that while the industrial based North was experiencing a depression in the 1800′s, down in the south where the economy was agriculturally based; they knew of no such thing.
    Instead of giving in to futility and depression; why don’t some of these families that are struggling to find work move west? I know of many people that had been job hunting and got hired in 1 day….one interview. Housing here: I went to an auction about a month ago and the house—huge rooms, immaculate, upkeep 100%, new roof/siding, gorgeous hardwood floors and woodwork, corner lot, 3 bedrooms 1 bath (well–nothings perfect!) went for 27k.
    And I do not of two entire tribes that have moved this way–hence no separating of the family.
    Just a thought!

  • epicure3

    Well…other than that, it looks like a nice summy day outside.

  • TodG

    >Well, our collective debt is starting to catch up with us.

    Absolutely, but the fact is that when bankers cause the cost of the average goods in the US to inflate by 40% due to interest incurred in manufacturing, debt is a certainty, even if people spend in a responsible manner. When the government is forced to issue (completely unnecessary) treasuries when getting money from the Fed, to the point that 1/3 of income tax goes down the crapper to pay the interest, debt is a certainty. When every new dollar of debt money yields like 10 cents of benefit or less to the GDP, of course the vultures are going to tempt people into borrowing more and more, as it takes more and more debt money to get the ol’ economy moving.

  • Uncle B

    America on the decline, Asia fills the gap! China rattles the Korea chain, can the U.S. muster a retaliation, or must they forsake South Korea?
    America smokes too much dope! They cause drug territory wars in Mexico, they smoke so much dope!
    What did we get for the $650 Billions spent on Iraq? Cheaper oil? Hell No! Free medical care for a few generations? Hell No! Remind me, why did we go there in the first place? Weapons of mass destruction? They were never found! Did Halliburton win big time? Hell Yes!
    The great hulking American Neanderthal, bred from the best European stocks by the capitalists. Designed and force fed richest diets for the rapid exploitation of North American resources, has run his coarse, and is no longer needed by those same capitalists. They now prefer Asians for their Uber-Modern Chinese factories. The great hulking neanderthal now found in soup kitchens and in ‘unemployables” lines across America cannot even get decent medical care for curable diseases, and is left without the protection of decent health insurance for himself and his progeny and will die off in America, the very country built by his brawn. We no longer build cars to accommodate his bulk, and soon he will no longer fly due to “excessive weight” surcharges! The Smokestack Era has passed! Brawn and endurance no longer industrial requirements! The America we all cherished is over, and the great hulking American neanderthal is facing his demise. Table tennis will replace foot ball, and great physical size will be frowned upon by our light bodied, veggie and rice over-lords and the pen having written will move on!

  • Gwen

    So what happens when the economy collapses in an even more dire way? My husband and I are in Canada right now because that’s where he had to go to find work. We are thinking of returning to the USA since we left most of our things behind (we both lost our jobs in the USA and then I also lost my unemployment only after six months), but I’m quite wary after reading all of this.

  • WhiteRose

    My son has a college degree & could not even get a job making donuts in N.C. I kept telling him it was a sign of the times now & later.

    Thanks for sharing this with everyone. Might add that I won’t be spending much this yr. on holiday gifts but I’ll definitely be giving this new book out cause it’s a thriller.

    It’s about Americans actually taking a stand against tyranny & it’s about each of us taking a stand. It’s that good. I recommend it.

    http://www.booksbyoliver.com

    Your #15 is interesting cause Biden said that none of the jobs were coming back to America. How sad our govt. exports our jobs & then tells us they are here to help. Great article.

  • http://www.planorperish.com/ Gutter Economist

    The US economy has NOT recovered. Government economists have been reporting debt expansion as GDP growth.

  • Blueskies

    The american citizen is being drop kicked. When congress is more worried about passing the Dream Act than extending unemployment benefits to the citizens of this country, that speaks volumes. We’re on our own.

  • http://www.robpongi.com/pages/comboFUCKINGUSAHI.html AntiGeorgeBush

    George Bush started all of this with his controversial election in 2000. Then it was 9.11. Then it was Afghanistan, then Iraq, then the subprime crash and, finally, the bailouts. He is not only the worst president ever, but one of the most evil war criminals ever in the history of the world. He and Dick Cheney and others should all be arrested and prosecuted in the world court. This is the only was that the USA can ever restore its world trust. ARREST ALL THE WAR CRIMINALS AND FRAUDULENT BANKERS NOW!!!

  • http://www.formypeople.org Mr kuntz

    http://www.formypeople.org http://www.amazingfacts.org This explains everything thats going on!!!!

  • schwartzeer

    bottom line… end the fed…idiots!

  • flek

    The real problem in the US is way too much control over everything. Progressive/ communists have basically taken over at every level. This is what made the industrial backbone leave America. It was the overburdening regulations and taxation put in place by the Utopian progressives/communists that have crippled America.
    Add to that the cost of employment and taxes to shoulder all the socialist/communist programs and you are set to fail.
    The counterfeit federal reserve printing press running 24/7 using the ‘funny money’ to corrupt anyone and anything is a real problem as well.
    Having money backed by something forces the government to work within a real and limited budget. Right now they increase the budget as easy as increasing the page file on a computer.
    I suggest decoupling from the BIS, ending the Fed, Wall St. gambling, usury banking, and fractional reserve banking, remove the IRS, and all unconstitutional institutions and regulations. Giving ourselves a fresh start.
    Peaceful rebellion to pull down the progressive/communist institutions is a way to roll back the damage. History seems to say this probably won’t work.

    We either act now or continue to help create our own demise and slavery.
    One last thing would be to keep our nose in our own backyard, and break all military alliances, and mutual defense pacts, remove all foreign lobbies, and remove the communist, failed cancer, the UN from US soil while also ending our membership.
    The world can solve their own problems without US involvement/intervention, believe it or not.
    Besides, I don’t want to pay for all this crap that does nothing but make me more a slave to someone else’s failed Utopian dreams.

  • William

    The above writer is correct that Bush is really the one who brought us this nightmare. The formal national debt when the Shrub was installed in the White House by the Supremes was about $5.7 trillion. Then, MORON Bush gave the nation two tax cuts (2001, 2003) that we could NOT AFFORD. Then, the MORON Bush started an unnecessary war of choice in Iraq for Israel, borrowing money from China to fight the unnecessary war. Bush doubled the national debt by the time he left office, leaving the next president a disaster. So, if you are unemployed or in difficult financial straits, and you voted for the war criminal and Smirking Chimp Bush, you have nothing to complain about! You did it to yourself.

  • Beth

    Hey White Rose!!!! Is your sign-in name coined after the German youth resistance group of the same name? Surely an inspiration for me!

  • Simple Facts

    Thanks to the Commie Obamie, the U.S. has wasted TRILLIONS of taxpayer money–SOCIALISM–on NOTHING. This is what the typical blood sucking parasite demoncrat freeloaders do everywhere. Just like in Europe with 20% unemployment in Spain with their 70% taxes. Commie Obamie has WASTED more tax payer money than all the previous presidents COMBINED. And he has flown around wasting millions of tax money on unnecessary flights with 2 jumbo jets,etc. Michelle Obama spend 241 THOUSAND dollars flying herself and 41 guests to Spain while Americans suffer. Typical blood sucking parasite democrat socialist thieves of always. Between the demoncrats and rinos America is doomed..American was built on hard working self reliant people. Stop tax slavery and take care of your families if you love them. It is not the government(taxpayer’s) responsibility. Cities will be dangerous places to be in the future.

  • http://www.iuniverse.com/Bookstore/BookDetail.aspx?BookId=SKU-000190526 Gregg

    $ for bankers, none for Americans, yet another violation of our rights. Add it to the list of gov’t violations of our right:
    They violate the 1st Amendment by placing protesters in cages, banning books like “America Deceived II” and censoring the internet.
    They violate the 2nd Amendment by confiscating guns.
    They violate the 4th and 5th Amendment by molesting airline passengers.
    They violate the entire Constitution by starting undeclared wars for foreign countries.
    Impeach Obama and sweep out the Congress, except Ron Paul.
    (Last link of Banned Book):
    America Deceived II (book)

  • KJB

    We have a majority population of Delusional Chicken-Neck Cowardly Trash who love to buy into frauds, worship tyranny and government and war and money and who do nothing but play the left/right BS as if the elected politician puppet show means something and blame the working class, all the while we have a montary system based on money that doesn’t even exist. I am as prepared as I can for collapse and I hope the delusional scum get everything they deserve, the dollar needs to collaspe because it is based on fraud and no one shold want to save or continue this fraud. A collapse will benefit the peopl prepared for it so Bring it on.

  • mondobeyondo

    I recently drove by a house in my city that was recently foreclosed. It had the real estate sign on the front lawn, the type of sign we’re all familiar with.

    On the top of the sign, it said “Foreclosure”. On the bottom, below the name of the real estate company and phone number, it said “Bank Owned”.

    A perfect analogy for the United States of America.

    Our great land is being foreclosed on, by our foreign lenders (most notably the Chinese). And soon it will be literally bank owned. Owned by the Fed, JP Morgan Chase, Bank of America, the Rothchilds, and God knows what other vermin.

  • Big Meech

    Beth, please wake up. As an HR director, there is a little thing called “local preference.” If you are not from a certain city, county or sometimes state, you will not get hired. Because of the high unemployment rate, this is a convenient way to narrow the pack. After all, there is plenty of talent out there, whether it be a chef, to an engineer with obscure experience.

  • Gary2

    El Pollo de Oro-I love you posts-they are spot on.

  • Gary2

    Michael, here are the steps to follow to get a picture icon by your post replies in this and other similar web sites:

    1. Go to http://en.gravatar.com/

    2. Sign up with your e-mail

    3. Click on a provided link in a confirmation e-mail you will receive. It is sent ASAP to the e-mail address you provide in step 2.

    4. Go through the sign up process where you choose a user name and password. Quite a few user names are already taken so you may need to try several. The user name is only for the gravatar site and will not display anywhere.

    5. You will be directed to choose and upload the picture you want to use and to associate with your e-mail address.

    6. You can browse many many different sources for a picture. They make it extremely easy.

    7. Confirm that you want the picture you selected. A separate screen pops up for this.

    8. You are done! When I finished and checked back to this site my cookie monster robing a bank picture was on all my replies/posts.

    9. If you want to change the picture simply log in to the gravatar site and choose another picture to go with your e-mail address.

    I hope this helps.

    Gary2

  • CJFYuma

    Ths country can no longer maintain steady, growing employment for its present citizens, yet Obama, Pelosi, and Reid want to legalize 15+ millon illegal aliens under the “Dream Act”? What a “Nightmare Act”!

    Our broken government should stop handing out legal “green cards”, decrease legal immigration, and stop accepting refugees, until they fix our broken, messed-up economy (which will be never). The feds can’t even help their own unemployed, refugee citizens become productive citizens again, yet alone provide for all the illegals in the country!

    By the way, does anyone know who’s spiking Pelosi’s and Reid’s eggnog with LSD? And as for you Mr. Presidente, perhaps you can play another full-court basketball game with the bros. Maybe this time you’ll get smacked in the head, and wake up to reality!

  • GoneWithTheWind

    AntiGeorge: This was started in 1999 when congress mandated that banks and Fannie Mae and Freddie Mac make sub-prime loans. I understand that psychiatrists can now treat the Bush-derangment syndrome, maybe you should go in for another treatment.

  • TruckerMark

    Posted by Simple Facts:

    “Commie Obamie has WASTED more tax payer money than all the previous presidents COMBINED”.

    Where do you get your facts at there my man??? Simple fact is that the national debt at the end of the Clinton Presidency was $5.7 Trillion, and at the end of your fearless leader’s Presidency it stood at $10.4 Trillion, a near doubling in just 7 years, as during the first year of King George II’s Presidency there was still a budgetary surplus left over from Bill Clinton’s era.

    As of today our national debt stands at about $13.1 Trillion, which means that during President Obama’s first two years, under the worst economy that this nation has seen since 1931, ONLY an additional $2.7 Trillion has been added to our national debt since King George II left office. If the Democrats accede to the conservative call for an extension of the King George tax cuts that they originally voted for in their current format, our national debt will immediately increase by another $700 Billion, plus likely the Democrats will manage to get an extension for unemployment benefits for long-term unemployed that will cost another $56 Billion too. If we don’t extend unemployment benefits for the long-term unemployed, there will be additional unemployment at service businesses that are currently serving the long-term unemployed population. Remember that currently our economy is mainly consumption and service-based, so the only way out of this is to increase spending and consumption, not to decrease it, which would only make things worse, as our ability to pay debt service will be further compromised.

    Since 1970 the average CEO’s salary has increased over 500% relative to the salary of his average blue collar worker, while the top tax rate has fallen from over 60% to 33%. Given all of the deductions available to the filthy rich, the average effective tax rate paid by the $1 Million + super-rich is only in the low-20% range, and thousands of large corporations pay no taxes at all on their incomes. No sir, it has been the middle and working classes that have been asked to suffer so greatly so that our super-rich class can increase their own income at a rate that far exceeds the rate of inflation.

    In my industry, wages relative to the inflation rate have fallen by 1/3rd since 1982. In 1982 I had 3 years experience driving a semi, with an annual income of $30K, and I rented a nice bungalow in an upscale suburb of a major city for $350/month, plus my utility costs were under $100 including electric, gas, phone, and CATV. My medical benefits were $125/month and included everything with full choice of provider, without a deductible, a copay, or a lifetime cap, while my dental coverage was 80/20, and I had full vision coverage too. I was also covered by a traditional employer-supplied pension and both our wages and pension plan had cost-of-living increases too.

    I have been out of work now for over 2 years, ever since I began loosing my eyesight in my left eye and my depth-perception. I drove a semi from the age of 21 right through the age of 52, 31 years of experience, the last 15 years of it highly specialized multi-stop refrigerated experience in Chicago, Grand Rapids, MI and Detroit originating in Denver where I live. In an ordinary economy I could have easily gone right into dispatch or safety with my experience level, but these are not ordinary times. I am very fortunate that my stepdad left my sisters and I small “icing on the cake” trust funds, which I have been forced to live on for these last 30 months now. Am I unemployed? NO.

    Today I am still able to pay my mortgage, and continue to pay my bills, though I have been forced to take a roommate into my house to make ends meet. During the last full year of my employment (2007), my mortgage on my 2300 sq ft 2 BR/Den ranch in an upscale suburb of Denver was $1475/month, my utilities were averaging $250/month for everything, and my medical coverage was running $430/month for a plan with a $2000 annual deductible, copays of $40 for an office visit and $25 for prescription drugs, with no cancer coverage and a lifetime maximum.

    Since 2008, our corporate group coverage, which I am now paying 100% instead of 50% of, has risen in price by another 40%, and my former employer has been forced to switch our policy to lower premium cost coverage with copays beyond the annual deductible. At this point my former boss (who has been generous in allowing me to stay on the group plan), is considering dropping his involvement in providing group rate insurance because of the skyrocketing cost. He is one of only a handful of employers that still offers an employer-match 401K plan too, he even-matches up to 3% of gross.

    I am a lifelong Democrat, not nearly as liberal now than I once was years ago. I strongly believe in much less income disparity than is the case now in America, along with a minimum social net that ensures that every American citizen enjoys a basic level of protection, including a minimum of basic medical coverage, a minimum of semi-subsidized generic groceries, and a basic retirement plan as part of American citizenship. I strongly believe that our companies that choose to offshore our jobs should be forced to compensate those who have lost their jobs in some meaningful way, whether that means import penalties or separation pay of several times their annual salary.

    How about an economic policy that demands that a minimum of 50% or even 67% of the entire labor cost of any product consumed in America has to be done by American workers? Other countries have laws like that, including some of our allies, Saudi Arabia is a good example. Forty years ago I also remember import tariffs too. All that free trade has accomplished over time has been to nearly destroy the manufacturing middle class while making their employers very wealthy. It is long past time for unrestricted free trade that costs the average American citizen so dearly to end.

    One more thing that I want to discuss, is that just 2 years ago the price of silver was a little over $9 per ounce, and now it is over $29 per ounce. Since everyone knows that precious metals are just a hedge against inflation, and not really an investment, this means that our Dollar is now worth just 30% of what it was worth in the late Fall of 2008.

    So what is worse, the last year of King George II’s Presidency, when the budget deficit was approximately $570 Billion, or President Obama’s last year’s budget, which was $1.3 Trillion? 30% is less than 1/3rd, and 3 times $570 Billion equals $1.71 Trillion in inflation-adjusted Dollars. Not only that, but so far, in November and December of this year both, when the Fed issues another $60 Billion of money out of thin air to buy up troubled securities, (QE2), the value of silver has skyrocketed, making my 1000 ounces of 10-ounce bars and my 500 ounces of numismatic coins more valuable too. My roommate is stocking-up on non-perishable foods, I am stocking-up on tp and Bic lighters, and I am considering buying a generator and an electric fence to protect my property.

    How about you there Simple Plan, what’s your plan for when the fat lady sings???

  • El Pollo de Oro

    Gwen: If you and your husband have consistent work in Canada, you are better off staying there instead of moving back to the former USA (now The Banana Republic of America). CBC just reported that Canada’s unemployment rate has fallen to 7.6% (lower than the BRA).

    http://www.cbc.ca/money/story/2010/12/03/money-canada-jobs.html

    Not that Canadians are breaking out the champagne—CBC reports that Canada’s employment situation is still dismal, but not as dismal as the BRA. The problem for Canada as well as Europe, Australia and New Zealand is that when the economy of the BRA goes into full cardiac arrest (it’s already on life support), there will be nasty repercussions all over the world. But if you and your husband have steady incomes in Canada (even if you aren’t making a lot), I wouldn’t recommend returning to the BRA, which is becoming more and more of a Third World economy. Canada might turn into a Third World country if the globalists have their way; the BRA is already there (and getting worse by the minute). We’re seriously screwed.

    Anyway, bon chance to you and votre marie!

  • Dave

    I like how the unemployment rate stays at 9.8% when we have been in a depression for 2 years.. How ridiculous is this? So sick of seeing a world that pretends all the time. Let’s just hear some reality for a change.

  • amhealy

    To Gary2: Do some research. Conservatives are not selfish. They actually donate more to the poor than liberals do, and yet liberals usually have more money than conservatives do. Go look it up and you’ll see that I am right.

    In fact, most of the democrats who have run (or ruined) our nation have more wealth than the conservatives. Go look it up. It’s true. I’ve seen it for myself.

    You are regurgitating a lie spewed by democrats.

  • Otown Right Guy

    All you sheeple keep buying stocks on the NASDAQ and the NYSE. Keep feeding the beast. Keep supporting the NY-DC axis of evil. Keep voting republicrat and demopublican. Keep doing the same thing and expecting “change”. That by the way, is the definition of insanity.

  • http://beursplaza.nl/web_analyses.asp?id=291&analyse=52160&type= Rob Wessels

    It’s just a matter of time. The economy is gonna kick in in 2011

  • William

    TruckerMark gives us an accurate assessment of how we got into this nightmare. The Smirking Chimp and war criminal Bush cut taxes in 2001 and 2003. These were tax cuts that the nation could not afford. Then, the Shrubber started an illegal, immoral and unnecessary war of choice for Israel in Iraq and borrowed money from foreigners, mostly China, to fight the unnecessary war. After eight years of lax, or nonexistent, oversight and regulation by the Republicans, and after bailing out the criminal trash of Wall St, the Shrubber waltzes out of the White House in Jan of 2009, leaving the new President a disaster. There are still FOOLS in America who refuse to look at the facts of how Bush and the Republicans wrecked America. And, now, in Dec of 2010, facing almost $14 Trillion in debt and runaway budget deficits, the Republicans in the US Senate only want to keep the tax cuts for the wealthy intact, which we clearly can not afford. The system of governance in America is badly broken. If you are unemployed, or in financial difficulties, and you voted for Bush, you did it to yourself.

  • James K

    Those are some pretty scary stats man!

    Also found this today – Have Your Say :-

    With all the stuff about wikileaks, Should Wikileaks Founder Release More Secrets?

    http://www.forecastfortomorrow.com/news/2010/12/wikileaks-website

  • zack

    I am afraid that jobs numbers will continue to underperform as long as the government continues to “stimulate” the economy. Unfortunately, Bernanke and Obama are too committed to their ideology of meddling in the private economy, choosing winners and losers, etc. That means we all lose except for their politically connected friends and favored constituencies.

    We help Americans move to Asia for jobs and prosperity. Learn more at http://www.pathtoasia.com

  • A Reader

    If this would be of any reassurance to you people are jobless almost all over the world because of the banks that are sucking in all the money from the market in the form of repayments of loans and accrued interest. In terms of indicator ‘Potential of Destruction’ this financial system starts exceeding the Mayas Calendar.
    If somebody wants to survive he should devise mechanisms to sell something directly to the banks (I don’t know what – art collections, computer technologies, investment projects, etc.), rather than borrowing money from them. It’s high time for the people to regain their money from the financial parasites.

  • Bill

    I am a small-town city manager. We have job openings. The pay is only $10 and up depending on job, but you get health insurance, retirement, holidays, sick days, vacation days, etc. We cannot find people who can read/write to read meters & read work orders; or, they cannot pass the drug test to ever get hired in the first place. That is pathetic.

  • WhiteRose

    Good Lord!! Where is the outrage? Read this morning this is now the highest unemployment since the end of WWII.

    The stimulus funds stimulated foreign banks (our tax dollars, thank you very much) but nothing for the citizens.

    Will be giving away this new book for the holidays (all I can afford) cause it’s about Americans who actually take a stand. A thriller w/surprise ending. It’s a good read.

    http://www.booksbyoliver.com

    While congress talks about extending the unemployment benefits there are now Americans without any income. Great article!!

  • Sheep

    Get educated folks and stop beating the puppet with a stick and realize that it does not move without the puppeteers.

  • Gillicuty

    @bill –

    Where exactly are you located? I have been unemployed for over a year and have no unemployment. I was a project manager in construction in CA. I may have lost everything I had but I’m still qualified for a $10.00 hr job and more then willing to work it.

  • http://marketwatch.com crazymarine

    A drama plays itself out every day in free market america that insures that unemployment will get worse; here is an anology, let,s see you, will call you blue boy, own a company that manufactures electric can openers that you sell thru sears and pennys for about $20 bucks, your biggest competitor is the crazymarine can opener company, I move my plant to mexico and save 75% on my labor costs, I offer sears and pennys a similar product to yours but they can sell my for $15 a make a better mark-up, they cancel your orders and buy my products, you are left with just two choices, move to Mexico or close up shop, either way goodbye american jobs. This drama has been and will continue to play itself out for years to come, or until we decide to re-evaluate unfettered free trade.

  • A Reader

    RE: ‘there should not be any talk of a “recovery” as long as’
    … the financial system is not repaired and fixed. The problem is not to save the financial system, which is fake anyway – the problem is to save the economy and the people.

    Question No.1: What is making the current financial system the greatest parasite of any age?

    Structure – too complex and too heavy, with redundant units.
    Lack of transparency – a large part of it is doing some transactions in ‘dark pools’ by HFT.
    Pseudo functionality – short circuit intra-system deals in the virtual world, detached from the real world problems and the economy.
    Pseudo investments – all that the financial system is doing at present is hidden redistribution of existing economic wealth.
    Lack of perspective – we are not talking that the financial system does not know where it is leading the economy to – the financial system does not know itself where it is going.

  • Aurora

    Bill, regarding those job openings, let us know where you are. Some of us are still drug-free and literate.

  • http://bobbyshead.blogspot.com Bobby Kearan

    The economy will not recover until we have an ethical economic structure. People paid a fair wage for their work. No price increases needed – just a better distribution of profits. The gap between CEO compensation and average Worker pay needs to be closed – by cutting CEO and increasing worker pay.

    “The wages we pay are too small in comparison with our profits. I think we should raise our minimum pay rate.” – Henry Ford, 1913

  • Ronda

    Isn’t the “actual” unemployment rate closer to 23%?

  • Aaron

    Yeah, I’d really like a $10 an hour job with extras. I have a Bachelors of Science and can piss for you tommorow.

  • Brian

    I love all this Bush did this Obama did that crap! It has nothing to do with the party your aligned with! It has to do with 99% of us are in the same boat while the 1% have all the money and power!

  • Mike

    I have lived this myself before in the mid 80′s. I would go for months to find a job only to keep it for a few months and be laid off again. That went on for almost 4 years. I understand how people feel it sucks the life right out of you. I did not work eneough to get any kind of unemployment to help and ended up on welfare. That was an even bigger kick in the rear. Those people degrade you even further. I finally did what most of us did at the time and move out of state to find work. I moved to Norfolk Va and have been here ever since. There have been a few tough times here but there was always work to be found and still is. This place is not the best in the world to live but I have never went without here. I work in the ship repair industry and right now they are having a really tough time finding people. We get alot who say they know what they are doing but like some of the comments above they either can’t pass a drug test or just flat out do not know what they are doing, but they are working everyday. If you know of anyone that has any experience at all or trainable this would be the place to look. I hope this helps someone out there.

  • Gary2

    Brian-you are 100% correct. Great insight my friend!

  • http://www.usatoday.com/money/companies/2010-07-28-cashcows28_ST_N.htm Albert B Contreras

    Companies hold record $837B in cash, yet won’t hire workers Has anyone seen this article in the USA Today ? Although its old newd; It explains why there hasn,t been no real job growth. I posted the link; Hope you can get and read the devasting facts !!

Emergency Essentials/BePrepared
Agora Financial
Thrive Life
FEMA Hates This

Austin Coins
Family Survival Plan - Check This Out!
High Blood Pressure?
The End Of America?
MHAdNew_125x125 copy(1)
FINCA BAYANO
Survive After Collapse
cheaper to burn dollars than paper

Silver.com

Camping Survival
Facebook Twitter More...