The Beginning Of The End
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Just Open Up Your Eyes And Look – 65 Signs That The Economic Collapse Is Already Happening

Do you want to know when the “economic collapse” is going to happen?  Just open up your eyes and take a look.  The “economic collapse” is already happening all around us.  So many people talk about the coming economic collapse as if it is some massively hyped event that they will be able to point to on the calendar, and a lot of writers spend a lot of time speculating about exactly when it will happen.  But as I have written about before, the economic collapse is not a single event.  The economic collapse has been happening, it is happening right now, and it will be getting a lot worse.  Yes, there will be moments of great crisis.  We saw one of those “waves” back in 2008 and another “wave” is rapidly approaching.  But all of the waves are part of a process that is continually unfolding.  Over the past 40 years, the United States and Europe have piled up the greatest mountain of debt in the history of the world, and now a tremendous amount of pain is heading our way.  Economic conditions in the United States and Europe have already deteriorated badly and they are going to continue to deteriorate.  Nothing is going to stop what is coming.

But many people are still in denial about our economic decline.  Some people still believe that everything is going to be just fine.  Way too often I get comments on my site that go something like this….

“I just don’t know what you are talking about.  Where I live everything is just fine.  The malls are packed, the restaurants are full and everybody I know is going on vacation this summer.  Personally, I am doing great.  I just bought a 60 inch television and a new boat.  Every year all the ‘doom and gloom’ types such as yourself proclaim that an economic collapse is right around the corner but it never happens.  And you know what?  It is not going to happen.  Those in charge know what they are doing and America has the greatest economy on earth.  We have overcome challenges before and we will be able to handle whatever comes this time.  Your lack of faith in America and in the American people astounds me.  Everything is going to be just fine, so why don’t you just *************************************.”

You get the idea.

I definitely understand that most Americans are terribly self-involved these days, but when I read comments like this I am once again amazed at just how delusional some people can be.

Why can’t people just open their eyes and look at the evidence of economic collapse that is all around us?

Yes, there are wealthy enclaves all over the country where things may seem better than ever, but that is not the reality for most Americans.

All over the country, our infrastructure is in shambles.

All over the country, our once proud cities are being transformed into hellholes.

All over the country, formerly middle class families are living in their cars.

There are dozens and dozens of economic statistics that clearly show that we are in the midst of a long-term economic decline.  I have listed 65 of them below, but I could have easily doubled or tripled the size of the list.

I simply do not understand how anyone can believe that things are “great” or that the U.S. economy is going to be “just fine”.

We are living through a complete and total economic nightmare, and hopefully we can get more Americans to wake up from their entertainment-induced comas so that they can begin to understand exactly what is happening to this country.

The following are 65 signs that the economic collapse is already happening all around us….

1. Since Barack Obama entered the White House, the number of long-term unemployed Americans has doubled from 2.7 million to 5.4 million.

2. The average duration of unemployment in the United States is nearly three times as long as it was back in the year 2000.

3. The unemployment rate in the U.S. has been above 8 percent for 40 months in a row, and 42 percent of all unemployed Americans have been out of work for at least half a year.

4. Unemployment in the eurozone has hit another brand new record high.  It is now sitting at 11.2 percent.  It has risen for 14 months in a row.

5. The U.S. economy lost more than 220,000 small businesses during the recent recession.

6. The percentage of Americans that are self-employed fell by more than 20 percent between 1991 and 2010.

7. Overall, the number of “new entrepreneurs and business owners” dropped by a staggering 53 percent between 1977 and 2010.

8. The unemployment rate in Spain is now up to 24.6 percent.

9. Morgan Stanley is projecting that the unemployment rate in Greece will exceed 25 percent in 2013.

10. Since Barack Obama became president, the price of a gallon of gasoline has risen from $1.85 to $3.49.

11. The average American household spent approximately $4,155 on gasoline during 2011, and electricity bills in the U.S. have risen faster than the overall rate of inflation for five years in a row.

12. About three times as many new homes were sold in the United States in 2005 as will be sold in 2012.

13. While Barack Obama has been in the White House, home values in the United States have declined by 12 percent.

14. According to AARP, 600,000 American homeowners that are 50 years of age or older are currently in foreclosure.

15. Right now there are now 20.2 million Americans that spend more than half of their incomes on housing.  That represents a 46 percent increase from 2001.

16. According to Gallup, the current level of homeownership in the United States is the lowest that they have ever measured.

17. Federal housing assistance increased by a whopping 42 percent between 2006 and 2010.

18. In some areas of Detroit, Michigan you can buy a three bedroom home for just $500.

19. All around us our cities are crumbling.  According to the American Society of Civil Engineers, 2.2 trillion dollars is needed just to repair critical infrastructure in the United States.

20. The unemployment rate in New York City is now back up to 10 percent.  That equals the peak unemployment rate in New York City during the last recession.

21. Back in 1950, more than 80 percent of all men in the United States had jobs.  Today, less than 65 percent of all men in the United States have jobs.

22. The U.S. Postal Service is about to default on a 5.5 billion dollar payment for future retiree health benefits.

23. According to Graham Summers, “when we account for all the backdoor schemes Germany has engaged in to prop up the EU, Germany’s REAL Debt to GDP is closer to 300%.”

24. According to the Federal Reserve, the median net worth of families in the United States declined “from $126,400 in 2007 to $77,300 in 2010“.

25. The U.S. trade deficit with China during 2011 was 28 times larger than it was back in 1990.

26. The United States has lost more than 56,000 manufacturing facilities since 2001.

27. During 2010 alone, an average of 23 manufacturing facilities permanently shut down in the United States every single day.

28. The U.S. government says that the number of Americans “not in the labor force” rose by 17.9 million between 2000 and 2011.  During the entire decade of the 1980s, the number of Americans “not in the labor force” rose by only 1.7 million.

29. Eight million Americans have “left the labor force” since the recession supposedly ended.  If those Americans were added back into the unemployment figures, the unemployment rate would be somewhere up around 12 percent.

30. Approximately 53 percent of all U.S. college graduates under the age of 25 were either unemployed or underemployed last year.

31. At this point, one out of every four American workers has a job that pays $10 an hour or less.  If that sounds like a high figure, that is because it is.  Today, the United States actually has a higher percentage of workers doing low wage work than any other major industrialized nation does.

32. Back in 1980, less than 30% of all jobs in the United States were low income jobs.  Today, more than 40% of all jobs in the United States are low income jobs.

33. According to one study, between 1969 and 2009 the median wages earned by American men between the ages of 30 and 50 declined by 27 percent after you account for inflation.

34. In 2007, the unemployment rate for the 20 to 29 age bracket was about 6.5 percent.  Today, the unemployment rate for that same age group is about 13 percent.

35. According to the Bureau of Economic Analysis, health care costs accounted for just 9.5% of all personal consumption back in 1980.  Today they account for approximately 16.3%.

36. Medicare spending increased by 138 percent between 1999 and 2010.

37. Over the next 75 years, Medicare is facing unfunded liabilities of more than 38 trillion dollars.  That comes to $328,404 for each and every household in the United States.

38. Back in 1990, the federal government accounted for 32 percent of all health care spending in America.  Today, that figure is up to 45 percent and it is projected to surpass 50 percent very shortly.

39. Back in 1965, only one out of every 50 Americans was on Medicaid.  Today, one out of every 6 Americans is on Medicaid, and things are about to get a whole lot worse.  It is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.

40. Since 2008, the U.S. economy has lost 1.3 million jobs while at the same time 3.6 million more Americans have been added to Social Security’s disability insurance program.

41. Since Barack Obama entered the White House, the number of Americans living in poverty has risen by 6.4 million.

42. The number of Americans on food stamps has risen from 32 million to 46 million since Barack Obama became president.

43. Right now the poverty rate for children living in the United States is 22 percent, and approximately one-fourth of all American children are enrolled in the food stamp program at this point.

44. The number of children living in poverty in the state of California has increased by 30 percent since 2007.

45. Child homelessness in the United States has risen by 33 percent since 2007.

46. According to the National Center for Children in Poverty, 36.4 percent of all children that live in Philadelphia are living in poverty, 40.1 percent of all children that live in Atlanta are living in poverty, 52.6 percent of all children that live in Cleveland are living in poverty and 53.6 percent of all children that live in Detroit are living in poverty.

47. Approximately 57 percent of all children in the United States are living in homes that are either considered to be either “low income” or impoverished.

48. According to the U.S. Census Bureau, the percentage of Americans living in “extreme poverty” is now sitting at an all-time high.

49. In the United States today, somewhere around 100 million Americans are considered to be either “poor” or “near poor”.

50. It is now being projected that about half of all American adults will spend at least some time living below the poverty line before they turn 65.

51. Total home mortgage debt in the United States is now about 5 times larger than it was just 20 years ago.

52. Total consumer debt in the United States has risen by 1700 percent since 1971.

53. Recently it was announced that total student loan debt in the United States has passed the one trillion dollar mark.

54. According to one recent survey, approximately one-third of all Americans are not paying their bills on time at this point.

55. In 1983, the bottom 95 percent of all income earners in the United States had 62 cents of debt for ever dollar that they earned.  Today, the bottom 95 percent of all income earners in the United States have $1.48 of debt for every dollar that they earn.

56. The United States was once ranked #1 in the world in GDP per capita.  Today we have slipped to #12.

57. According to the U.S. Census Bureau, 49 percent of all Americans live in a home where at least one person receives benefits from the federal government.  Back in 1983, that number was below 30 percent.

58. Incredibly, 37 percent of all U.S. households that are led by someone under the age of 35 have a net worth of zero or less than zero.

59. Today there are approximately 25 million American adults that are living with their parents.

60. The U.S. dollar has lost more than 96 percent of its value since 1900.  You can thank the Federal Reserve system for that.

61. During the Obama administration, the U.S. government has accumulated more debt than it did from the time that George Washington took office to the time that Bill Clinton took office.

62. Overall, the U.S. national debt has grown by nearly 10 trillion dollars over the past decade.

63. The U.S. national debt is now more than 22 times larger than it was when Jimmy Carter became president.

64. 40 years ago the total amount of debt in America (government, business and consumer) was less than 2 trillion dollars.  Today it is nearly 55 trillion dollars.

65. As Financial Armageddon recently point out, so many homeless people are pooping on the escalators at San Francisco’s Civic Center Station at night that the escalators are breaking down and repair teams have been called in to clean up the mess.  As the economy gets even worse, will scenes like this start playing out in all of our cities?

  • Ben Leone

    Dont believe everything you read on the internet. Somehow this seems to be directed negetively at Obama. Whatever happened to hope and prayer? I hope none of this is true.

    • o_O

      This is true, and the links go to respectable news sites.

    • Federalist45

      Seriously.

      Of course some of this is directed at BHO. His primary interest is in bringing down the political, social, and economic order of the United States. The Republicans and Democrats both have failed miserably to preserve our once-great Republic, and now, through BHO’s leadership, the collapse is a near certainty. Anyone who believes that BHO has not been wildly successful in accomplishing his agenda is a fool.

      As for hope and prayer, God offers us eternal life through Jesus Christ. He never told us to expect to be fat, dumb, and happy, sitting in front of the big screen 24/7, living off the taxpayer. Our hope is in God’s love as exhibited through the death and resurrection of His Son, Jesus Christ. But that hope is for eternal salvation, and not for peace, love, and the brotherhood of all mankind here on Earth.

      You hope “none of this is true”? Good grief man. It is ALL true. It is all as expected. It is, as it has always been. “There is nothing new under the Sun.”

      • sharonsj

        If Obama wanted to bring down the political, social, and economic order of the U.S., then why is Wall Street backing Mitt Romney by a factor of four to one? And Obamacare originally started out as a Republican idea because it favors the medical and drug establishments.

        Political–well, you ought to take a look at what the tea party is up to: cost the U.S. over $1 billion by pushing us to the edge of the debt cliff, cost us $50 million by trying to overturn Obamacare 31 times, and has yet to offer a jobs bill that the entire Congress would approve. But they sure are fired up enough to keep pushing a ban on contraception and abortion while taking away food stamps and medicaid.

        The Republicans are also trying to kill the post office in favor of Fed Ex and UPS. I bet you can’t wait to spend $5 to mail a letter instead of 44 cents. The Republicans are pushing voter ID laws even though voter fraud is almost nonexistent, but they pay no attention to election fraud (because they are the once usually committing it).

        Meanwhile, nobody can find a decent-paying job or pay their bills or deal with high gasoline and food prices. It would seem to me, based on actual facts, that you are blaming the wrong President and party. However, based on my experience, right-wingers don’t give a crap about facts.

        • Louise in MO

          SharonJ

          Today I went to the doctor for symptoms that seemed to indicate something serious. He sent me to the clinic for blood tests.

          The technician came to me and said “your doctor wants you to have a Vitamin D test, but we have to tell you that under the new health care law, Medicare will no longer cover the cost.

          I asked her what it would be. $230.00 she said.

          People like you are blinded by the so called “wonder boy” and his “cool” affect.

          I was smart enough not to vote for him the first time and won’t do it the second time around.

        • Gary2

          Sharonsj–anyone who wears bags of tea on a hat obviously is not smart. The tea billies can’t even get teeth. what else would you expect? These tea baggers are so dumb I can not think of adequate words to describe them.

        • Federalist45

          You poor, deluded fool. I truly feel sorry for you.

        • GL

          It is not which party has or has not done what… ALL of society is GUILTY for ALLOWING everything ignorant to go this far in the first place … now past the point of no return. Look, they all get over 100,000 dollars, for LIFE, for being allowed to “serve” the public. You are about to all get what you allowed. Half a TRILLION a year spent for the “police” of the planet ….. Too late to fix it now…enjoy the ride!

    • Winston Smith

      Interestingly, the gallon of gas quote/cost, ingnores what the cost was prior to Obama’s election….seems I can recall in the last 2+ yrs of Bush II the cost for 87grade over $4.00

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

        Yes, that is correct; that stat has always bugged me.

      • Gary2

        Michael is a right wing hack and needs to throw read meat to the tea billies once in a while.

        Once you take into account Michaels gross bias on everything conservative and discard 1/2 of what is said the other 1/2 is pretty good.

    • Jon

      Hope and prayer to the invisible man that lives in the sky, does not trump reality. It’s an article of faith, not an article of fact.

    • Selaretus

      Of course you hope it is not true. But whether you believe it or whether you don’t matters not at all. Collapse is upon us.

    • Col. Wilson

      Hope and prayer?

      Yes we are to hope & pray but scripture also says you will reap what you sow – in the U.S. we have sown stupidity & we are now reaping that 100 fold.

      obama has done lots of stupid; of course the repubs have too.

      Fact remains we are past the point of no return. With that said we can do what is right & not do stupid, get out of debt, prep & get prepared now.

    • Gen Mark

      not “hope and prayer,” remember? hope and change! yeah, how’s that working for us???

  • Rodster

    That example Michael gave sounds like someone who listens to Rush Limbaugh a little to much. Fact of the matter is the world economies are all in decline.

    If that were not the case other people in the know both in governments and finance watchers would not be sounding the clarion call. Economic doom is a reality in the future. It has not affected everyone but the signs are all there that painful times like in Greece are in our future as well as the rest of the world.

    • Matt

      You’re right, many other countries are in decline, Michael writes about this all the time. Something they all share in common is they have left-leaning economies (yes, including the U.S. ) with enormouse “benefits” packages that have been put into place by liberal legislatures and presidents/pms, and then later supported by both right and left parties because people become dependent on them and wouldn’t vote for them otherwise.

      • Gay Veteran

        left-leaning economy in the U.S.?!?!?!?!? you mean an economy ruled by the Wall Street banksters and billionaires, where corporations (which are hardly left-leaning) ship MILLIONS of American jobs overseas, where about 6 corporations control the media?

  • Ben

    Is that the all-seeing eye? You couldn’t choose a pair of eyes? Why just one eye?

    • Michael

      No, it is definitely not the all-seeing eye.

      Michael

      • Gary2

        Michael–I thought you had brown eyes?

    • ScoutMotto

      Michael, I think many of us in the know about the Illuminati and their symbols will simply default to that concept upon visual contact with any photo of a single eye. I doubt you had any Illuminati symbols in mind when putting this together.

      • Michael

        Yes, I definitely am 100% opposed to the New World Order.

        Michael

    • Ben

      Just checking.

  • Seth

    Frankfurt school of Marxism means that if you mention economic collapse to people where I live, they get all mad and hate on you. YOu can’t save them. No one can. They’ll just keep on until the whole thing falls apart at the seams. I reckon AUS and NZ will ride the whole thing out better due to more primary resources. I don’t know about Canada or rest of North America apart from NYC, where people have gotten real mean, even for NY. Also, UK (where I usually live) has gotten bad down South, though Scotland is still good. Europe is also okay socially speaking. As for the rest of the world, who knows, but probably not so good. I’m hoping that you guys make it through the storm that is surely headed our way.

    • none

      Australia will not do very well in this downturn.,,,,,, There economies are based on things like exports. Will kill in a few years.
      Also if you have a few feet of sea rise? Global warming? I think the whole continent will be underwater.

    • NorthernCanuck

      Seth, Canada is a great place to live. The economy is still fine, the people are courteous and polite, the cities are modern and safe, and – as might be expected of such a vast and beautiful country – there is no shortage of choice in terms of natural or urban environment or lifestyles. And we still lived in freedom here, unlike the CCTV-infested and PC-party line UK. Do yourself a favour and move here as fast as you can! I don’t know of a single Briton who, having emigrated to Canada, has ever wanted to go back to the UK. The ‘Great Britain’ of yesterday is gone for ever. For an Englishman (not forgetting the Scots, Welsh and Irish as well, of course), Canada is comparatively a heaven on earth. I speak from experience, having made the move myself and never having regretted it. Canada is the place to be yourself and to be free – and it still offers innumerable, almost unmatched opportunities for those who want to make something of themselves and their lives. From the bustle of modern Toronto, where I live, you can also, within three or four hours, be fishing, canoeing or camping in the vast interior of the 3,000 square mile Algonquin Provincial Park, surely one of the most beautiful wilderness locations in North America. Every Province across this great country has something distinctly different to offer in terms of opportunity and scenery, so you’d be spoiled for choice. We have lots of space and a relatively small population – so if I were you I’d be packing my bags!

      • NorthernCanuck

        I should add to this that one of the most amazing things about Canada is its fusion of British institutions and American energy, which makes it equally attractive to those moving here from both the UK and the US. Both of those countries, sadly, now appear to be failing fast but Canada is a country that works. And with its vast stores of natural resources it has continuing promise for the future. So, freedom-loving cousins from south of the border, y’all consider coming here, too. You’d be more than welcome.

        • Josh

          Canada’s only cheerleader. good job. eh?

          • NorthernCanuck

            Strange comment! Most Canadians are optimistic and enthusiastic about their country, its opportunities, its resources and its future. Unless you’re living in an igloo in the Far North, perhaps you should just get outside more often, see for yourself and count your blessings. And if you’re south of the border, just come and visit…

        • LordRhynn

          Is it going to continue to work after joining this Amero monetary program headquarters is trying to put through between Canada, the US and Mexico? Or is that kaput as far as Canada is concern since America is the Captain Smith of the Western financial boat and Canada is up top in the crows nest “smelling ice”?

          • NorthernCanuck

            Good points. But the best-laid plans of mice and men oft go astray! Though the leaders of all three countries have been quietly working on the SPP (the ‘Security and Prosperity Perimeter’ – the benigh name for ‘North American Union Without A Treaty’) at their annual meetings, it seems to me that this approach can only succeed through creeping gradualism: a sudden major, global economic crisis would certainly short-circuit that. And full=blown Union would be as unpopular with Canadians as it would be with Americans, although I suspect that Mexicans might see it as a desirable lifeboat. That aside, we can only deal with the present and the foreseeable future – if you want to remain aboard the USS Titanic until she finally gedts sunk by that iceberg of debt, fair enough. I can only share with you that there may well be greener pastures just over the border…

        • rudy

          If the USA goes down, how far behind do you think YOU will be? I often thought about Canada but I just don’t know.

          • NorthernCanuck

            Rudy, it would be tough on us because 80% of our trade has traditionally been with the US. So we’d be badly hit, but I doubt that we’d sink. I’m not saying this to draw unwelcome comparisons of any kind but the British colonial approach was always “peace, order asnd good government” in its Canadian Dominion and, as Canada acheived full independence, that sense of peace and order became infused into the population. There’s no shortage of strength, individuality and courage among Canadians,as the performance of Canadian troops in two World Wars amply demonstrates, but Canadians seem to have been able to retain a remarkable sense of civility and cohesion as well. There aren’t the strong racial and political divides that exist in the US and the cities are certainly safer. Economic pressures would have an effect on all of this, of course, but I think we have more ‘social margin’ as a buffer because of that. We have abundant oil and natural gas, we grow vast amounts of food, we have a spacious country with generally generous and tolerant attitudes, and we have Asian nations (especially China) as potential and growing trading partners who are hungry for our resources. Our smaller population and huge resource and water assets mean that we might have to painfully tighten our belts for a while but I doubt that we would go down. I like Americans and the original ‘American Dream’, and wish the US well – but it seems to me that there is less of a margin of national and personal safety for you once things really unravel. Add to that a government that seems increasingly to view its own citizens with suspicion and as potential enemies, and I’d be happy to take my chance on this side of the border any day! Why don’t you watch the Canadian news channels on the Internet, then come visit. That’s probably the best way to make your own mind up…

      • M Kyuch

        “and we still have freedom here” (in Canada) hahahahaha

  • DaytoDay

    Well, this is my perspective.

    I think that, the majority of Americans were still “comfortable” middle class, 5-10 years ago, and now, they’ve lost their home, business, job, whatever, and now, they’re waiting for the “right job” or “right opportunity” to rocket them back into the middle class life.

    Well, what people need to understand is, the jobs are gone, and they’re NEVER coming back,(Moved to 3rd world countries, automaton, and became obsolete), without a job, say, bye-bye to the house, car and “toys” (HDTV, boats, vacations, etc..)

    Now, I can see where that commenter is coming from. He probably is living high on the hog and taking trips to Madison Ave everyday, and you know what? That’s reality… There are people who are still living in 350k houses, driving Beamers, eating Fillet Mignon, you name it…

    But you know what else is a reality? The 100 million Americans, struggling to get by, just barely “living” paycheck to paycheck.

    And so, I ask you, which reality matters most? The one guy living in Beverly Hills, or the entire city of LA on the streets? Because both are reality.

    • dishesdealer417

      What will happen when those families realize they are never going to be middle class again and the longed for dream is just an old trailer home of their own somewhere? I think when that happens they are going to be incredibly angry. And they are going to see all the rich as people who caused their poverty. They may be angry enough to go be violent in rich neighborhoods or to start robbing the rich. When americans get angry enough the bankers will be lucky if they escape with their lives.

    • Phil

      DaytoDay

      I agree 100%! You said it like it should be stated. And if people cannot see reality, in your explanation above, they won’t ever see it till they are experiencing squall-er/poverty, personally. That WILL come to the majority of us, too. Buckle up! The ride has only just begun to get bumpy. :/

  • K

    Why can people not see the truth? They choose not to. Their life plan does not include any hardships. Therefor they will stick with their plan, until forced to do otherwise. It is sad. You have basically two types of people. 1. They paddle down the river, and control their course. 2. They drift down the river, and go where the current takes them. The problem with the second group? They always seem to end up going over a waterfall.

  • burst of flatulence

    My welfare check came on time, the link card works, Comrade Sobama is working on social justice. What economic collapse?

    • LordRhynn

      Wait till Herr Romney gets in. Collapse will be riding in shortly thereafter in the nose cone of an ICBM.

  • Pastor Joel

    America is not directy mentioned in the bible as other countries. we must fall from power in the west. I believe the usa will merge with europe under the leadership of the antichrist, after the rapture of the church, which is about to happen. Get ready

  • bob

    10. Since Barack Obama became president, the price of a gallon of gasoline has risen from $1.85 to $3.49.

    Funny..I clearly remember back in 2007 when..who was it…oh yea Bush was in office, I was paying $4.00 a gallon for gas. Last time I remember seeing gas at $1.85 was in 1995, so…yea, about that.

    Also a lot, I mean most, of your statistics are presented in such a fashion to raise alarm, using %’s of % increases and the like, for example:

    42. The number of Americans on food stamps has risen from 32 million to 46 million since Barack Obama became president.

    In reality thats only an increase from 10.67% to 15.3%, but I guess 14 million is a lot scarier than 5%.

    Don’t get me wrong I definitely know we’re going downhill, but I think you should pay more attention in researching the legitimacy of some of your “facts”. Besides Apophis is going to annihilate the Earth way before the politicians. ;)

    • Josh

      i have a great idea… wait ready?? here it comes…. click the blue link!

      also it was summer 2008 when gas was 4.00 then the economy crashed and gas went WAAAAY down..

      also in 1995 gas was cheaper than 1.85, i got my license in like 97 and it was just under a dollar.

      “but I guess 14 million is a lot scarier than 5%.” wake up man 14 million more people is A LOT OF PEOPLE. no matter what way you say it its THE TRUTH wait till that 46 mill dont get their reup and you wont care what the facts are.

      I THINK YOU SHOULD PAY MORE ATTENTION ON REALITY THAN TRYING TO SAY THESE FACTS ARE NOT LEGITIMATE.

      reminder all you have to do is click the BLUE link to go further into the facts.

      people need to lay off the hfcs

    • jaxon64

      Actually I also was skeptical and checked the facts–On inaugural day January of 2009 gas prices had dropped well back down after the oil boom coinciding with Hurricane Katrina that had closed Gulf Coast refineries and caused the surge in oil costs. The US average price of gas per gallon nationally was in fact $1.85 cents the day Obama had taken office–as much as Bush sucked, between some policies that actually worked, the drop in the stock market/barrel of oil costs and the rising unemployment leading to less demand–gas was indeed $1.85 for a national average on inauguration day 2009–sorry, this is a fact.

      Your second point– an increase from 32 million to 46 million is in fact a 41.025641% INCREASE in the amount of food stamp recipients–and the number 14 million is again FACT–whether you’d choose to spin this down by dividing it by the total population ( somehow you view 15+% of the population being unable to feed themselves as no big deal?) or factoring a true % increase or using the raw number of 14 million–it all is the same–abject failure and the poorer getting poorer and those hanging on by their fingernails are slipping from the ledge of self-sufficiency.

      So, everything you griped about was actually FACT. I can only presume that you are an Obama supporter and just got you natural reflexive knee-jerk reaction when someone exposed “your team” as sucking as badly as the other team did before Obama was picked to further the globalist agenda. I dare you to look at the records and tell me what Obama has done that Bush didn’t do also? What economic policy did Bush put in place that Obama has not continued? And for you die-hard repubs..you speak of socialistic Obama ( which is inarguably true) but Bush may have been worse!! Who granted TSA these initial powers that led to airport molestations?? Who invented the DHS after 9/11 and granted them powers to spy on US citizens?. Who expanded FEMA, created camps and funding after Katrina? Who empowered the “patriot act” to wire tap and invade your internet and phone calls?

      Sir, I challenge you to quit picking sides and face the facts–there is no true difference. They are 2 heads of the same monster. The whole red vs blue, repub vs Dem, conservative vs liberal hyperbole is a great distraction to keep the populace focused upon each other while the powers that be are slowly eliminating American sovereignty. There can be no American super power in a globalist society controlled by the elites–and there certainly can’t be people who don’t need the government to subsist…WAKE UP and put down the Obama Koolaid–it is very liberating to be independent and have the scales on your eyes removed.

  • davidmpark

    We were warned by the Lord back in 2004. My wife and I tried to warn family that we knew something bad was coming; they didn’t want to hear it. All I heard from them was that things are fine and we shouldn’t waste our money on food storage and such. They kept complaining about our exhortations for preparedness and many blocked us on email that we gave up trying after a while. Got shouted down at church a lot for urging the congregation to prepare.

    Now many of them are unemployed, evicted, facing foreclosures and divorces, and a few are facing jail time. Last Sunday at dinner when the complaining about the economy and their trials, coupled with the sadism we got earlier at church, I said, “Told ya.” That’s all I spoke the entire evening.

    There are many who will loose so much and will not thrive again; that much is certain. Thriving in this economy is a matter of private industry and providence, coupled with the Lord’s blessing.

    Something interesting: the vast majority of the wealthier folks in the family and in this area have not bothered to prepare at all. The 3 wealthier families in the area that did food storage have the idea they will become kings and rulers here during a crisis! Ha! The rest will target them first. Whilst a few of those who have lower incomes or in poverty have begun home production and industry. They’ve done some wonderful things and are beginning to thrive. The rest are planning suicides, prostitution, or robbery.

    Here is not in the best place, but it’s where the Lord wants us right now. Just hope that when the next shock hits we’ll all be okay. The fires and drought were enough without the economic and social collapses taking effect also. With all that government is doing to hose us over, steal what’s not nailed down, and enslave us all. Add to that my wife’s severe disability and the young kids needing me every minute of the day, and that I’m not taking good care of myself…

    Perfect storm.

    Lord help us this small shelter is enough.

    • Tim

      Hang in there, brother. We may have to endure some severe trials before the Lord comes for us, but we have glorious future.

      “For I reckon that the sufferings of this present time are not worthy to be compared with the glory which shall be revealed in us.”

      Romans 8:18

      Oh, what a wonderful verse!

      I will try to remember you and your family in prayer.

      • davidmpark

        WOW! Great scripture! Thanks!

    • Optimistic Pessimist

      David,

      I am amazed that people in your church shouted you down. I have always found the people I know who are religious are open to fully discuss both sides to come to a suitable solution. It’s sad that they didn’t heed your warnings or if they were sceptical at least look for information about your side.

      When I tell people what I think about the future in the UK they think my predictions are crazy and way off. They know its bad, they just don’t think it will get that bad. Time will tell.

      As the saying goes – prepare for the worst and you shall only know good times.

      Good luck
      OP

      • davidmpark

        Getting ridiculed, shouted down, verbally cut-off, blackballed, or ignored is very common in our church – most folks just won’t admit it.

        If it wasn’t for Christ commanding us to go and take the sacrament every Sunday, we wouldn’t go at all. Too much bad history between me and many a member.

        Thanks for the kindness guys!

  • Deklan

    Thank you Michael for compiling the list and for inserting the corresponding links to back the fact that the country is in a downward spiral.

    I always look forward to reading your site – it’s a beacon of truth in a world of propaganda spin…

  • jsmith

    So true Michael. All my family members and friends think I’m chicken little or the skeleton with the scythe and wearing black. Interesting thing is that one of my cousins was offered early buyout from AT&T. He’s got a full year of full pay. He’s 10 years younger than I am at 63, so I’m wondering what his chances of finding a job are, and at a comparable salary? I guess people are la-di-da until it hits them personally. Any future articles on silver and gold?

  • Bone Idle

    Greece’s unemployment figure is 22%, however this is an April based figure. I would not be surprised to see that the real number is above 25% already.

  • Dave in TN

    Can’t argue with the specifics, but why not use the following to introduce your facts: “Since the teabaggers shut down the House of Representatives…” OR “Since Sen McConnell (R-KY) shut down the Senate….”

    In other words, get off your hyper-partisan bandwagon and confess that most members of both ruling political parties are bought and paid for by the real villians: banksters and industry billionaires (abetted, BTW, by the SCOTUS Citizens United decision).

    • Dave in TN

      Here’s some other intros you might consider, too:

      “Since SCOTUS appointed George Bush president….”
      OR
      “Since George Bush started two illegal wars without asking Americans to pay for them…”
      OR
      “Since George Bush and his rethuglican Congress crashed the economy….”

      I’m just sayin, Michael….

      • Phillip

        you sound like an obamaite.you’ll see that voting for the stupid liberals this time will have you without your freedoms and either we will be in a civil war or , there will never be another FREE election. The entire REGIME in the White House are COMMUNIST dumb Ass. WAKE UP .. OPEN YOUR EYES.

  • http://TheEconomicVoice Gregge Johnson

    Come on Michael>>>>pooping on elevators in San Franciso.If you left that part out ,I would have believed the rest of your great informative article.

    • Michael

      Yes, people are really going to the bathroom on escalators in San Francisco. Just follow the link.

      Michael

      • Josh

        i think you need to come up with a way for people to understand that if you click the blue high lighted area that it will take you to the facts. when i sent a few articles to my father(he barely knows how to use a computer) he thought it was all propaganda because he did not understand that you have to click the link.

        maybe if you put something like (click the blue links to continue to the facts) next to every single link that they might get it. seems like that would take the fun out of what you do though. good luck!

        • Michael

          Josh:

          Yes, sometimes I assume that people already know what the deal is. After all of these years of using the Internet there are still some people that are a little behind.

          Michael

  • Fred

    I know perfectly what you are talking about. Where I live everything is in shambles. The malls are hardly packed, the restaurants are empty and nobody is going on vacation this summer. Personally, I am feeling bad. I can’t afford a 13 inch television or even a new toaster. Every year all the ‘doom and gloom’ types such as yourself proclaim that an economic collapse is right around the corner but it will eventually happen. And you know what? It is going to happen. Those in charge don’t know what they are doing and America has the worst economy on earth. We have overcome challenges before but we will not be able to handle whatever comes this time. Your faith in America and in the American people astounds me. Nothing is going to be fine, so I am gald you *************************************.

  • mondobeyondo

    More than 100 years ago, a great ship was built. It was constructed in Belfast, in what is today Northern Ireland. It was called the “Titanic”. The most modern, luxurious vessel ever constructed by man. They said it was unsinkable. Some people even claimed that “God Himself could not sink this ship”. Where is the Titanic today? Rusting away under 12,600 feet of sea water in the North Atlantic. It sank. Yes, the same ship that was unsinkable. Some people today claim America is “unsinkable”. We have a superior military, superior technology, nuclear weapons, space exploration, etc. Fools! FOOLS!!

    Somewhere in the Bible, it says “Pride cometh before a fall”, or words to that effect. As the Titanic went, so shall America go. There is still time to save this country, but it is growing short, and few people even bother to pay attention anymore. They are too arrogant, or naive, or narcissistic. “We’re Number 1!” “We’re the greatest nation on the face of the earth!” Yada, yada, yada.

    Stop living in the past, and look at the present day situation. The past’s future is today’s present, and right now you’re living in the middle of it. When you were a child, did you ever wonder what life in 2012 would be like? Sure you did. But…surprise!! No flying cars or moon bases. No transporter machines to instantly vaporise you from L.A. to New York in seconds, like in Star Trek. Sorry. Just more of the same crap that was going on 50 years ago. Wars, deficits, defaults, etc.

  • Mortar Magnet

    Hey Michael,can we scratch our heads and come up with at least one positive note to harp on.Throw the clueless a bone.There’s got to be at least one 7-11 that cut the price of a slurpie,or am I just dreaming?

    • LordRhynn

      This just in:

      – Slurpee replaced with Slusho.
      – Price dropped 30%.
      – Seabed nectar “secret ingredient” highly addictive, with gigantism and roid rage like symptoms commonplace.
      – 7-Eleven logo replaced with Slusho slogan : “Bet you can’t drink just six”.

      – In other news, average beverage expenditure per visit to 7-11 up by 963%.

      Now show us your smiles!

  • Marissa

    I see that much of the blame for the state of the economy is placed on President Obama in this piece. So what, our completely dysfunctional congess or previous spendaholic, never saw a spending bill I wouldn’t sign or a war I couldn’t resist former president had no hand in our current fiscal problems? Although you have some good insights and thought provoking data, I feel you give the president too much credit or power. A president is nothing more than a figure-head, Without a senate and house willing to work together for the good of our country, this is the result no matter who sits in the oval office.

  • Paula W New Zealand

    Michale with the greatest of respect to you, I also thought while reading through your list, ‘But this is happening in NZ also, e.g. our power went up about 70% in the last decade’ and the recession DID happen BEFORE Obama got into power.
    I know he is all spend spend spend, but I declard the recession was coming back in 2005, and it had nothing to do with Obama, then.

    • LordRhynn

      Paula I think that in the case of this article of Michael’s, many people here seeing a prevalence of references to Obama are unfortunately getting caught up with a bit of reversed economics based chronological snobbery.

      The correct way to look at this is to of course understand something about the history of this country in all aspects from foreign policy to political makeup to financial management, and accept as given that the nature of things in all of those areas is to have effects build geometrically over time, be it in a positive or negative direction.

      If you accept this, that situations of this nature take centuries to develop and can only be the result of universal greed, arrogance, and negligence, then you can see the truth about the Obama references, which is how completely ineffectual a president can be at this stage of development. It illustrates that the downfall is not slowing at present, but speeding up, and speeding up by orders of magnitude in the same fashion as compound interest does. It illustrates that everything we are being told will work now, or is working now albeit slowly, is actually not only not working at all, but is pounding a second and third nail in the coffin for every nail that was already there.

      Some here are alluding to the fact that there is no bipartisan ideological split in this country, and they are right. But true acceptance of that fact has to render this desperate need to absolve one side or the other of blame or to highlight that “everybody’s doing it” obsolete as well. Neither of these faux different facets of the same machine has earned such defenses and all said efforts do is distract from the main issues.

  • Morpheus

    Eventually the downturns will catch up with the people who haven’t been affected yet, that includes the 1%. Many of them don’t care. A lot of them will end up committing suicide. They won’t be able to cope. When you lose everything and the realization sets in that you have lost everything and your status forever, these people will lose it. Our world is changing into something that will be totally foreign to all of us. Many of us will just call it quits. The economic crashes that we’re experiencing now are nothing compared to what follows. The economic crash is just a soft crash. The hard crash will test us all because the hard crash will be about resources. We can’t avoid it but we could sure as hell soften the crash if the people were not so sheepish. Survival will wipe the sheep right out us because then we will have no choice.

    We have one last chance to avoid the worst possible scenario of a hard crash. A group of scientists came up with a plan called “the Nuclear Option”. If you ask me it’s the only option.

    “Be Smart!” –
    FIGHT THE CAUSE – NOT THE SYMPTOM

    U.S. Citizens
    Read “Common Sense 3.1” at ( http://revolution2.osixs.org )

    Non U.S. Citizens
    Read “Common Sense 3.2” at ( http://SaveTheWorldNow.osixs.org )

    If you know the world around you is collapsing and you do nothing about it, then who’s really at fault when you stood by and did nothing? We have to stop whining and do something about it. We don’t have to live like this anymore.

  • joel

    WW111 will be upon us SOON!
    The U.S. is nothing more than a “war machine” that starts bogus wars and arms the rest of the world to support arms equalization. We are run by corporations.
    Congress is financed by corporations. You have no voice.
    Peaceful assemblies to protest are looked upon as “terror” groups.
    Cops look like gestapo/ para-military/ boot stomping jerks who have little or no respect for the constitution.
    You are a tax slave.
    No “bankster criminals” go to jail, only grandmas and little kids lemonade stands get held up by the ever seeking bureaucrats looking for more revenue.
    Its all over folks, ozzie & Harriet are dead.
    Just another democratic/Republic thrown upon the dustbin of history, due to an ignorant populace.

  • Joe

    In 2005 I had a real estate appraisal company with 11 employees that made a good income and I was making about $10,000 per month and was thinking about retiring since I had been a good saver. By the end of 2008 my employees were gone and my income had dropped to $900per month. My stock investments, personal loan I had made and rental properties became great losses. In 2009 per the banks appraiser’s like myself caused the housing problems and wht few clients I had cold no longer order appraisals. The banks get to order the appraisals for about 1/2 the fee that I was used to. After a few appraisals it became obvoius to me that I could not remain honest and do work for the banks because they pressured me to raise the appraised values. At 57 I am starting over again, just filed chapter 13 BK to prevent the sale of my home and to keep a roof over my family’s heads. I no longer have any debt, I have a new niche of client’s. I am preparing for what I think can be civil unrest here in the US when the government checks quit coming and inflation hits with all of the money printing the fed is doing. These past 3 years have been depressing but eye opening. Just do the math. How can Uncle Sam pay the huge bills that are coming with the 2 trillion $ income. In 2005 I had no cares about government spending now I am preparing not to loose everything again.

  • Sackerson

    The US is still the world’s leader in per capita GDP when you exclude the tax havens and oil producers.

    Speaking as someone who encouraged his brother to take American citizenship, I say you have a great future.

    The problem you have – the source of many you list here – is excessive inequality, founded on unfair practices. But when America has cleaned out the pigsty of high-level corruption and mutual favouritism, she will find that she has an entrepreneurial population, abundant natural resources (e.g. an excellent population-arable land ratio), and a Constitution that will work just find when you get back to it.

  • chiller

    I like the wave description how the economic tsunami is battering us right now. A friend who makes good money had his head in the sand. For the past year I tried to convince him to wake up to no avail. Finally his son who works for UBS began to echo my sentiments and he awoke! If nothing Michael writes here grabs your attention then try this. The company I work is a leading manufacture commercial air conditioning (chillers). We are currently in the hottest summer on record, smack dab in the middle of our prime sales season and yet have the lowest backlog of orders in the history of the company. They are cutting over time, hours have been cut back to 32hrs/wk, rotating furloughs of workers and we’re working as fast as we can to move our mainstream products to China and Mexico. The AC industry is a staple of construction. No construction, no ac.

  • Eric

    66. Government budget deficit spending has been over $1 Trillion each of the last 4 years. Deficit spending is currently over 8% of GDP.

  • Corrina

    I do agree that collapse is upon us; you can’t continue with this inflation and debt by the federal reserve when circumstances and restrictions do not allow for proportionate pay. However, I would like to say that you cannot blame Obama for our crisis (remember, we’ve had years of bad decisions to lead up to this and the economy was already headed for recession when he came into office) and that economic variables do not allow for any decision made by Obama to immediately change the course of our economic woes. While I personally will not be voting for either him OR Romney, I know that lifetimes of bad decisions have led us to this point. Furthermore, most of Obama’s solutions have been changed by congress and opposers to a point of being no longer recognizable. My suggestion is that we should instead be focused on our state officials if we want to make changes, from the bottom to the top.

  • Corrina

    By the way, our federal government isn’t the main source that has made it impossible to run small businesses. As a person who comes from a successful small business with over 30 employees that lasted 7 years until JUST before Obama came into office, I can say that it was Washington State’s impossible regulations, crazy taxes, and its ridiculous Labor and Industries fees and regulations that took us down. When you are paying over $10 an hour PER employee, PER hour, for L&I, you know you’re being scammed. Furthermore, other businesses and clients who are not paying on time, thus giving you no chance to pay your quarterly taxes and crazy L&I rates, just lead you down that slippery slope…the domino effect that destroys many small businesses.

  • Corrina

    Here, we should be pointing the fingers at a pro-corporate-giant government (pockets lined by the billionaire corporations) and the federal reserve for the inflation that took us down.

    • LordRhynn

      You’d think right? But then California has had a rep for being the most anti-corporate state in the Union for decades. It’s also among the leaders in the country in municipal deficits, bankruptcies, unemployment, and business exodus.

      California has made it so pointless for corporations to start up or operate in state that it simply doesn’t have many, those it has are leaving, and so are the jobs they provide. Couple that with local job replacements by illegals, migrant workers, or legals who are willing to work at just above slave wages, and you’ve got little more than another side road that leads to Rome just like the pro-corporate ideal does.

      There is no one viewpoint, one ideology, one faction, or one “anything else” that caused this. The entire damned Capitalist system based on the ideal of debt and fiat currency is at fault, and the only true road to prosperity is through complete and total ruination and rebuild.

  • K Lanee

    I really dislike the way the author of this article keeps blaming the currant president. How quickly they forget that the Bush gang gave TRILLIONS to the banks. How quickly they forget that the budget was balanced when Bush took office and in a horrible state when he left it to the currant president. It is not his fault that the baby boomers are now claiming SS, or a number of other facts you blame him for. He ran up more debt than George Washington? Really how hard would that be? The average household in this year of 2012 could run up more dept than George Washington hundreds of years ago. Sorry you are going to have to try harder on this one.

    • Michael

      I have written about how horrible Bush was many, many times.

      Just because I am pointing out how horrible Obama is does not mean that I am saying nice things about anyone else.

      Michael

      • xander cross

        No, you don’t like him because he is black. I personally believe this by the way you write and most people on here hate him because he is black, but of course, bush get a pass on everything and so does Ron Paul, who is just as corrupt as his son. Also, attacking minorites is another of your favorite things to do, but then again, you never made an entire article about sandusky, paterno, or penn state raping of young boys. The problem is that many people on this tend to ignore problems in the white community and when something goes wrong in the black community, why all the racists on this stite blame everything on black people, thus proving that many people here (knighowl77, gudio, a young patroit) are racists and so is most ron paul supporters as well.

        • Michael

          Xander:

          What in the world is up with you?

          After reading my writing for so long, it should be ABUNDANTLY clear that I do not judge people based on the color of their skin or where they were born.

          I love all people no matter who they are, where they are from or where they were born.

          And I have criticized Bush and Romney repeatedly.

          I do believe that Barack Obama is the worst president in U.S. history, but that has absolutely nothing to do with the color of his skin.

          Xander I have absolutely no problem promoting people that are doing a great job that are black. For example, here is a television show that features an outstanding minister that is black as a guest….

          http://www.sidroth.org/site/News2?page=NewsArticle&id=9921&news_iv_ctrl=0&abbr=tv_

          I am going to have to ask you to quit lying about me.

          Michael

          • Pitchfork Ready

            Michael,

            Why even respond to these race-baiters? If these idiots truly believe Ron Paul is “corrupt” and “racist” then they must have an IQ of 50. They are probably O Bots, paid by the Obama campaign, to come here and stir up crap. Racism is always the preferred attack method of the left.

            What? You don’t agree with me? You don’t bow before Obama and lick his toes?

            You’re a racist!

            The only real difference between Obama and Bush is Obama is Bush on steroids. Both have paved the way to hell with low interest rates; easy money policies that have created economic bubbles of destruction; reckless wars (sorry, Conservatives, I supported the war in Iraq but in hindsight I was wrong); burdensome government regulations and interference in the free market; and seditious government spending.

            For Obama to run these trillion dollar deficits for this long without making any attempt to make necessary cuts is not even criminal at this point: it’s treasonous. In the aftermath of our countries destruction these people, with the help of useful idiots like K Lanee and Xander, plan on holding onto power.

            A political solution is no longer possible.

            Live free or die is the only option we have left.

  • pete

    I can’t say when “it” will happen either.

    But I can tell you exactly right to the day when it started….when it all began.

    It was August 15th, 1971. That was the day we all started to slowly circle the drain. Now, we are in a vortex miles across that is swallowing entire populations and quintillions of wealth.

    Anyone that claims they can close the drain and that we can go about our regular programming is smoking bath salts and shooting heroin.

    We have a date with destiny aboard the SS Fiat Balogna. And guess what kids…..there are not enough lifeboats or life jackets to go around. If you don’t know what a personal flotation device is by now and you don’t have one…..you are likely too late.

  • John

    Poland: unemployment of 13%, among young (25-35 years – 25%), on contracts junk – 2 million, the rate per hour – $ 3, in 4 years – 2 million young people have emigrated / escaped, industry – destroyed , after 23 years since the victory of Solidarity this poor country ruled by corrupt neo-liberals. How do you wrong in the U.S. then come to Warsaw

  • http://back2theland.com Old Timer

    The human mind has all sorts of defenses to realitry. The ego is very fragile and no amount of education and belief systems will permit a realitry check on the current world decline in economic downturn.

    We all rationalize, project and otherwise seek similar ilk to prop up our egos.

    However the world spins along into the sixth extinction, be it economic, or in toto.

    Keep crunching the numbers my young friend, it does reach some of us.

    OT

    • Michael

      I like that you called me young :)

      Michael

  • David

    I work in healthcare, specifically I am a registered nurse working in the community. I live in a rural area in the Appalachian mountains. The population I serve is senior citizens. 99.9% of all our patients are on medicare, medicaid and social security. Most of the families I visit have full time caregivers living with them. That is because they are out of work and have been for some time. They are collecting welfare, medicaid, WIC, and food stamps. A lot of them have an “Obama Phone”. Any industry in this area had dried up in the early 2000’s due to not being able to compete with 3rd world countries. I used to work in industry before I became a nurse. I had seen the writing on the wall with the direction industry was headed. I had seen first hand the oppression of government regulation from OSHA, EPA, and many others including local government agencies. I can say with almost certainty that the company I worked for could not even get approval to break ground today. They have not hired anyone in the department I worked in in nearly a decade! My point is that we cannot have all these social benefits and at the same time kill off the business’ that fund those benefits. The imbalance I speak of is everywhere in this country! I get the author. I understand his point, and as much as I wish it weren’t true it is…

  • Cleo

    The problem with the world’s economy is all about ideology. Big governments and Keynesian economics never work. Sometimes it appears they do, until you delve deep into what is actually going on. We hear Elizabeth “pow wow” Warren point to China and their 9% of GDP spending on infrastructure as a good thing, but don’t realize that most of it is for ghost cities. We see our government giveaway programs as needed, but finally realize when you pay someone to do nothing it becomes addictive and creates a permanent dependency. Should we really be paying farmers through the USDA CRP program to not grow crops? Government manipulations to maintain prices hurts us all.

    Man is always seeking a utopia that is never there. The Pilgrims came here for religious freedom. What most people don’t realize is that the original settlements were based on communal living. Looked like sunshine and lollipops on paper. So the first 2 years were hell, as they were starving and dying. Only until they gave each family their own plot of land and let them keep the fruits of their labor did they prosper. Communism failed…free markets thrived. I got an email recently from the Communist Party USA celebrating the anniversary of the Cuban revolution and touting Cuba as the way we need to go. Really? I see people wanting to flee Cuba. I don’t see people lining up to go to Cuba. Bottom line is that socialism never works because people are never happy. Is it just a coincidence that pursuit of happiness (originally was pursuit of property, but changed) is in our Declaration of Independence?

    A giant reset button is about to be pressed this fall. Be a boy scout.

  • Shan

    We still haven’t hit the tipping point. That’s the one defining moment where it becomes clear to everyone that a new age has dawned. Right now many believe that we are enduring an economic downturn which will eventually end. That remains to be seen. From the Industrial Revolution until the present there has been a period of economic growth, a dramatic increase in the standard of living and technological advancement. I suspect that we are entering a new Dark Ages. In my view, it all relates to energy production, specifically peak oil.

  • Paul

    Well, $300,000 costs in healthcare over 75 years is not so bad.
    Rearing a child to independence can cost as much.

  • Stephen

    I was just thinking today. We have this terrible drought and that means a lower crop yield. This Nation has great growing potential and we exported most of our manufacturing. What do we have to sell to the rest of the world? Looks like God is a little pissed I would say. Does anybody run into kids under 10 out there that come up to you and say give me a dollar or give me some money and these can be strangers. Manners and Morals seem to be getting lost somewhere here. Keep up the good work Mike and having a open comment section. Things don’t look good but that makes us stronger if you take the right path. Everyone keep up the fight for time draws near. It looks like another sunny day with no rain. Last rain Saturday for maybe 20 minutes worth and a decent rain last Thursday but still just a spit in the bucket.

  • Paul
  • TX4Life

    Michael, the saying “Some people can’t see the forest for the trees” applies here. All one needs to do is listen to the news and Bloomberg channel to hear about layoffs, bankruptcies, losses, declines, etc. Collectively, you can see how all of these will put a squeeze on Americans. Every month I see people I know personally having the squeeze put on them. Trying to figure out how they will continue to pay bills on reduced pay checks, plan for retirement when savings are not earning interest to keep up with inflation, pay for increased college tuition costs, etc. I also see more people I know personally either showing depression symptoms or actually going on depression medication. Not sure if the meds help them cope with the realization of the situation or help them remain in denial that things are NOT getting better any time soon. It’s also like the frog in the boiling pot analogy–a slow process but at some point, you have to realize that your own financial situation is heating up.

  • Betty

    The real issue isn’t that it isn’t happening, it’s that people can choose between seeing the news (if they don’t see it actually happening in their locale) and changing the channel to watch cartoons. Most people will deny things are happening, not take the time to learn, have been convinced to live in the moment, and can’t emotionally handle bad news. They think it will go away if they just ‘change the channel on the remote’. If they just shut it off it can’t be happening and certainly isn’t part of their world if they don’t turn the TV back on. Plus, people feel helpless to stop the madness, feel helpless against the political machine, the propaganda and misinformation, and just want to hide away in their little world and hope the tornado passes them by. Then they’ll thank what ever deity they worship. And the politicians know this very well. You are chicken little to them yelling the sky is falling but until someone gets knocked out by one of those chunks, they’ll just change the channel to the Real Housewives or Jerry Springer.

  • http://Earthblognews.wordpress.com C

    “To see what is in front of one’s nose needs a constant struggle. – Orwell, George

  • Cindy Sue

    my concern is the violence we will see, not only from those that are itching to ‘get it started’, but adding in those that will be taken by surprise because they didn’t open their eyes and see it coming. isn’t there a saying, apathy breeds tyranny, tyranny breeds poverty, poverty breeds apathy?

  • Patricia

    As a single woman, I always appreciate those “male” statistics. (sarcasm)

  • http://www.themessageofhiskingdom.com C.A. Bouthillier

    Sounds like a progress report.

  • Patricia

    I am one of the seniors now. I can speak to your from my life experience. We are in uncharted waters. I can well remember when I was in my 20’s and the government was putting off reforming social security. The reason they did not was it was their private piggy bank. I worked publicly from the age of 14. My husband was just diagnosed with Altzheimer’s. I took early retirement, sold my business and am now on SS. I am reconciled to the fact that I will most likely never get back what I paid into the fund. I follow the financial columns and keep myself informed. It is obvious that the economy will never recover. We are morphing into a Marxist- Socialist country. This “current crisis”has been in the works for a very long time. It is past the point of return. May I also add that, as a student of the Bible, we are in the days Christ called “the beginning of sorrows”. The days ahead are going to be difficult, but I know where my hope lies. Prepare for the days ahead or perish. The world IS spinning out of control. Corruption is the order of the day from the bottom up. Sin is “in”.
    GOD, forgive us.

  • Tim

    Last night on the CBS Evening News, the first words out of Scott Pelley’s mouth were “is there an economic upturn on our doorstep? Home prices are up, incomes are rising….” Pelley went on to report that home prices were up 2.2% in May and that incomes rose .5% in June and that these two statistics possibly portend a recovery.

    What a joke. Yet many Americans probably believe this garbage.

  • http://www.themessageofhiskingdom.com C.A. Bouthillier

    Sounds like a progress report.

    http://www.themessageofhiskindgom.com

  • Mark Are

    Driving a BMW doesn’t mean you are rich. As a matter of fact, the economy has decimated the resale value of high end automobiles. You can buy a 2006 85,000 mile 750 LI BMW for about $20-25 Grand. That is a car that was close to $100,000 in 2006. Same with Cadillacs, Lexus, Infinity, you name it. The depreciation is out of this world and makes the used ones more affordable for the middle class. I just bought a 2006 that was $63,000 in 2006 for about $19,000. Once we the people start moving away from the FRAUD money system and start using Gold and Silver for currency, things will turn around. We just have to change our mindset and be willing to work for .50 cents an hour in SILVER instead of $50 an hour in FRAUDS. And be willing to sell and buy using silver at reasonable rates. How much would that $19,000 BMW cost if I were to pay in silver at the current exchange rates? Barter will become a way of life for many. The founding fathers left us with a system of barter back when they founded this country, that is Silver and Gold coin but our ancestors pissed it away back in the last century allowing the money changers to take over our monetary system with their fiat FRAUD notes. (F.R.A.U.D. = Federal Reserve Accounting Unit Device)

  • r.bitting

    God is judging the world and this nation for it’s sin, and unless they repent and trust in Christ for the forgiveness of their sins, they can expect the bad news on the economy to continue. But they aren’t going to repent, thats why the Book of Revelation was written.

  • dishesdealer417

    Although you are right about how bad things are now and how bad they will be getting, I find it amazing that you think one sell out half black president caused it all. REal wages have been declining since the 1970s, the federal reserve has been destroying the value of the currency since 1913 and Nixon destroyed what was left taking us off the gold standard in 1971, none of which was the fault of one half black president, but apparently you can’t see past this false left v. right delusion. So I ask you your own question, WHY CAN’T YOU WAKE UP TO THE TRUTH THAT BOTH PARTIES ARE THE SAME AND BOTH CORRUPT????

    • Michael

      I think I have made it plain over and over that I believe both parties have been horrible.

      Just because I am criticizing Obama does not mean that I am promoting anyone else.

      Michael

      • CatNap

        Michael-

        I and many of your loyal readers are copy/pasting your articles in various social media. I personally have seen many people say on those sites that your articles are politically motivated, etc. Well, these newbies commentators may not take the time to read more than one or maybe two articles of yours and “write you off” as an Obama-hating fanatic, so just let comments like that roll off your back like water on a duck.

        They don’t take the time to listen to the message and instead attack the messenger…then get back to the Olympics & drinking their beers, waiting for their sex toy to arrive in the mail-(what economic collapse?)

        Pearls of wisdom before swine…

        • Michael

          CatNap:

          I appreciate what you and others do so much. It only takes a few moments to share an article on social media, but the ripple effects can be absolutely amazing.

          Instead of just “preaching to the choir”, I am constantly trying to push these articles out to those that are still asleep.

          Yes, a lot of people are not listening, but some people are.

          Michael

          • CatNap

            Remember Jesus and his disciples were persecuted for their message. That didn’t make the message any less important to get out and didn’t deter them. (most, anyway!)

            Praying for you.

            Thank you for this and your, “The American Dream” blog that’s opening eyes.

            Today I met a woman and her husband… (I’m guessing in their 70’s) at a kitchen supply store. They struck up a conversation with hubby and me about home gardening. The last thing she said to me, “There’s a famine coming!”

            We told her we’ve known for over two years what was coming and pointed at our 5 year old son. :(

            Thanks to your blog and others who sound the horn!

            ((hugs))

      • Paul

        Well, than what’s the point of putting Obama into these comments?

        Wouldn’t it be more helpful to talk in years?

        Lets say, in the last 5 years more people lost their jobs than in the previous 5 years?

        Or put some other dates in:

        Since we started to finance Afghanistan we lost 50 million jobs.

        Putting a name into these reports makes it look as if that person is to blame.

        Let’s not forget, that he inherited already a mess. And many things need time to develop.

        In order to get a good engineer, someone must have had sex at least 30 years ago. just as an example.

    • LordRhynn

      For what purpose do you repeatedly refer to Obama as “half-Black”? What is the relevance, unless you are trying to say he was half stupid or only half as likely to be able to help himself?

      His race is irrelevant to all who did not attach BS to it when they originally learned it. in other words, to the people who neither consider it a key to special privilege or a guarantee of incompetence.

      Are you defending him against Michael’s supposed bias or are you insulting him by implying his race should have made his failures a foredrawn conclusion?

      The rest of your point was sound. So close and yet so far.

  • David

    This is an almost childish economic “analysis” tinged with an irrational fear of the current president. Yes, there are many arguments for why the U.S. economy (indeed, the whole world) may be in decline. But this random list of frequently unrelated data doesn’t demonstrate what the author claims. Perhaps the biggest example of this is the half a dozen or so in this list that bemoan the level of federal debt without considering that this is more likely a symptom of economic problems more than a cause. More bothersome is the author’s fixation on Obama (for the record I did not and will not vote for him), blaming him, seven times, for things he either has no control over (e.g gas prices), for hangovers from the earlier administration (housing prices), or for programs established by the congress (number of people on food stamps).These are serious times and we need to be having serious discussions about how we can deal with the fact that we are all becoming a lot poorer. We need to focus on real analysis and real issues, not lists of bad news and scoring political points.

  • Tom

    I have been following this situation for a few months now, and I am glad that others are talking about it. I have tried to talk about this with others, but unfortunately they either shut it down, or just change the topic. I really would like to see more people talking about our issues. For without conversation and debate what are we left with? What I have seen, is that only the ignorance and misguided trust in those who move the masses under other guises seem to be of value. I always see that the presidents are mentioned as the faults from the critical thinkers to the ignorant sheep followers, but the problem is all of us. We elect from the masses, and what comes from the masses is what we can expect from them is what we can expect from ourselves. Unfortunately I have seen a large decaying of our moral fabric that resembles those of uncivilized brutes. Now this is a generalization, for not everyone can be classified under this label I know, but it is meant to strike up a debate on our social values. Now conversation and debate can only be surely successful when backed with science and determination. For Aristotle and Plato were smart but they believed you can reach truth and knowledge through debate and thinking. We know that this is not necessarily true, for we have thousands of years of examples. I hope that these debates can be fruitful.

    • Optimistic Pessimist

      oh if only we could have logical, reasoned debates about it. Unfortunately I find that whenever I engage someone in a conversation about this they want someone to blame be it politicians or bankers or minorities or whoever they dislike/distrust. As a result of this what started as a discussion ends up with the person forcing their beliefs on you in a not too pleasant manner.
      Sadly I have come to the conclusion that it is sometimes better to keep quiet and carry on. Hopefully they will wake up but I fear the times will only reinforce their ideas.

      OP

  • JAH666

    Here’s another stat to add to the “65 Signs” of the ongoing/accelerating economic collapse for anyone that is willing to open their eyes:
    Tuesday, August 1, 2012
    “Overnight, global July PMI data was released. In a nutshell: the contraction in the world economy is accelerating primarily due to that fulcrum continent, Europe, where 10 out of 11 countries indicated they are now in contraction. And since Europe is the nexus economy for global trade, what happens in Europe happens everywhere. As BAC summarizes: “From June’s levels’ global PMIs were mixed with roughly half (13) of the manufacturing PMIs decreasing over the course of the month. Out of the 23 countries that have reported so far, sixteen of the PMIs indicate that their manufacturing sectors are contracting.”
    Keep your prep current and keep trying to get your friends and family to open their eyes.

  • laura m.

    This country is obviously economically trashed. Even in better times, people shouldn’t be buying houses they don’t really need and can’t afford to maintain, just to keep up with the Joneses. Many are breeding children they can’t afford, otherwise why all the free lunch programs in the gov schools? EBY cards for stupid breeders too. Most everyone is stuck in stupid to really figure all this mess out (infected with brain fog)…yada yada.

  • Winston Smith

    my area, certainly a lot of building and people shopping, going outto eat…largely, oblivious and the ripple not hit my area as hard…….yet….

  • http://www.OlGreyGhost.Blogspot.com Ol’ Grey Ghost
  • Jon Q. Public Menace

    Get up today and show a stranger a smile, you’d be amazed what it can do. I do believe the times ahead will be tuff, but I have faith in the generosity and kindness that is deep in the American spirit. It is still there, some days you may have to look deep for it but I believe it shows it’s face much clearly when times get real tuff. Good luck to all of you and God bless.

    • Optimistic Pessimist

      I find that in the UK too. Usually people over 50 are the ones who nod and smile or greet you back. Smiling costs you nothing yet can bring warmth.

      If a picture says a thousand words then

      A smile says it all.

      OP

  • Kim

    If everything is so bad why is my realtor telling me housing prices are on the rise and to buy now before prices go even higher? Why are people buying fannie and freddie foreclosures above list price? I just don’t get it.

    Is this a case of the haves and the have nots?

    What is your take on housing?

    We want to stop renting and buy but just cannot pay over 100K on a house that has not been updated in 20-30 years. Has disgusting stained carpets, etc. I just want my family to have a place we can call our own, where we are not at the mercy of a landlord, yet we want to keep our house payment under what our rent is currently at with taxes and insurance.

    I just cannot see buying a home that looks worse than what we are renting right now. You are supposed to move on up (as the Jefferson’s song implies) not down.

    At least if you rent you can always move. Once you buy you have to stay put unless you can sell your home and not owe money at the closing.

    • Josh

      drhousingbubble.com has good info on why housing will take years and years and years to recover

    • unscathed

      Keep renting. Your realtor just wants to earn a living, and everybody can relate but whatever gains the housing market is posting will be short lived. Expect another, more cataclysmic crash within the next 12 months, if not sooner. Just look at the data. The optimism for a recovery is being manufactured by the corporate controlled media outlets. It has no basis in reality…

    • Josh

      also i believe the reason why people are paying a higher amount on foreclosures is there is a shadow inventory lurking that banks would rather not be on the market right now, i can drive around my area and see multiple houses vacant that are not “listed” just sitting there empty, these same houses were vacant not “listed” a year and a half ago when i bought my house.

      things that make ya say hmmmmmmmmmmmmmmmmmm

  • stmess

    What’s up with the Barack Obama references as markers for the start of something bad? You know it started bad long time ago before Barack Obama. Be fair.

  • Catherine

    This is where greed has gotten us. We protect the rich in this country. We give them tax breaks and loopholes. It used to be quality and good craftsmanship meant more than profit. Instead corners are cut and jobs shipped out all in the name of profit. Who benefits from the profits? Do these profits help the middle class, help the poor? No more tax breaks and loopholes until this country is fixed. Everyone needs to put into the system since we all benefit from it. Workers need to be paid so they can spend on goods and services. Workers and there spending help keep the economy growing. The income disparity is killing this country.

    • keith

      Catherine, please study economics, jobs come from busness folks not the govt, the wealthy are the only ones paying into the system, when you have it all where will the money and jobs come from, enjoy the gravey train while it still exists becuase it wont fbe here for long

    • Joe

      You do need to understand some basic facts that you seem to be missing.
      The tax and regulatory burdens and over priced union labor expenses placed on business in America has forced them to outsource jobs because as Americans has repeatedly proven, we will buy the cheaper Chinese made goods.

      I agree with you on one aspect though, we SHOULD in fact eliminate ALL tax breaks and loopholes and have one simple flat rate that EVERYONE pays.

      Of course, you probably meant just punishing those who have more than you, but I mean everyone. No more mortgage interest deductions, no more dependent child deductions, no more green energy deductions, no more Earned Income Tax credits. A simple flat rate of 10% on everyone, if you only made $1000 last year, that’s fine, pay your $100.

      Income disparity is not the problem, there will ALWAYS be people who have more and people who have less. The dirty little secret that made America great in it’s first 150 years, was that the rich were not rich by birthright or political standing, they became rich threw their own efforts.

      The choice will NEVER be between income disparity or not, it will be between wealth by dictate with no way to move out of your designated economic class, or a system that allows anyone to move (up or down) through the economic ladder.

      Simply put, for those of you in Rio Linda… the choice is between freedom or slavery.

      • BFH

        Joe you make some good points. However, in my opinion the ONLY true fair tax is a federal retail sales tax. If your poor you spend less therefore you automatically pay less tax. If your well off you obviously can and do spend more therefore you pay more tax.
        The collection process is streamlined and simplified. Good bye IRS! I’d omit Groceries and prescriptions and that’s all. The same methodology is the only way a fair health care system can be introduced into the US as well.

    • John

      This is where political correctness and socialism as gotten us with a lot of help from the Federal Reserve. This “great society” began under the Johnson administration.

      • Rob

        actually it was FDR who tried copying his HERO Stalin….. and thus began the decline of ‘Amerika’

    • Hamish

      Your ignorance is typical..Read a book and learn about the real world. FYI communism didn’t work. It isn’t the government’s responsibility to give you a job. You have to provide something that is in demand. Suffocating government regulations and taxes have made this increasingly harder to do thanks to leftists. When business is too expensive, to operate, they just leave and voila, this is what you get. Socialist thievery is causing the EU to collapse before our eyes.

      • Cheryl

        TRUE communism has never been tried!! Communism did not fail! A parody of communism did.. that had more in common with socialism. TRUE communism would work in a world where people weren’t so into their own agendas…

        • Rob

          Communism was developed by two guys who never worked (Marx & Engels), and didnt think ANYONE should….

    • Phillip

      If Lobama is re elected, the United States of America will either be in civil war ,or this Nov. will be the last FREE election you will ever see in your lifetime.

      • mike roberts

        you just got the name wrong , if big rom gets in , this country is doomed , there will be the rich and the slaves and that is definite , Rom and his blue jeans will disappear and he will reappear to gut this nation full of sheep that reminds me a lot of hitler and those fools that followed him .

        • Joe

          Mike Roberts….get your head out of your rear and open your eyes. If you want an Socialist government, move to Cuba or better yet, Venezuela. I see that both are doing wonderfully under the “rich pay it all” system. How much did YOU pay in taxes last year? Have YOU ever had a REAL job? From the way you think and talk, I doubt it! When was the last time YOU employed someone and had to meet payroll…..oh, that’s right, your Messiah didn’t either.

    • Canadian Girl

      What really stands out to me in these replies –besides the number of spelling and grammatical errors– are the amount of regurgitated left versus right “theories” that kind of miss the mark.

      Part of what is wrong with America is that it’s so politically and socially divided. What I don’t understand is why this article fails to mention that the Republican congress is the political body that has been blocking everything the Obama administration has been attempting to do. Like… raise taxes on the rich… so basically they let the president raise a bunch of social spending, and then refuse to let him make the rich pay for it. Which left no one paying for it… but rather than putting the blame on both sides it seems this is just another article that wants to put all the blame on a single human being, as if just one person can really have so much effect and power.

      Oh yeah and to those who think “socialism/communism” (aka a large middle class) doesn’t work… and that taxing the rich is bad for the economy… here’s a little history lesson for you: the American golden era coincided with a 87-94% tax rate on the wealthy, began to decline when the tax rate was brought down to 77%, and came to an effective end when it was brought down to 28%. During the height of this golden era the wealthy funded most infrastructural development, something which I hear America could really use more of now.
      Massive inequality does not make a healthy economy, but a large middle class does. You see my sweet but sometimes very ignorant American amigos, there has to be a large body of people with money to spend in order for businesses to make money, and in order for there to be a large body of people with money to spend there has to be businesses that are willing to pay more in some way (paying employees more, paying for healthcare, paying taxes, ect) and some minimal-maximal standard between the two to ensure that things remain balanced enough for the system to function and thrive. Nothing in the world thrives on imbalance except extinction.

      ~Canadian girl

    • George B

      I agree that this is where greed has gotten us. Greedy politicians demanding more and more money to be pulled out of the pockets of the people who have earned it and given to people in exchange for votes. It is greedy to demand more money from people who have earned it, it is not “greedy” for them to want to keep their own money. Things have gotten so bad that places like Canada and Japan now have more favorable tax rates for doing business and so the regulations are forcing the companies overseas in order to compete with other international companies. You just can’t stay here and compete in overseas markets anymore.

      I agree, we need to somehow cut the hands of the greedy politicians, scale back the “programs”, allow people to keep more of their own money, get people working again and get America an attractive place in which to grow a business.

      Stop government greed!

  • it is happening

    I live in a rural area and the largest employer in the area a paper mill is shutting down in two months. They no longer do paper after the environmentalist shut down the forests, they have been doing recycling material. They are leaving our community and we are loosing over 300 jobs but the shut down will affect over 1000 people. Schools will loose students and people will be moving elseware.

    Not only that, we have two coal power plants in the area that, of course, have been hit by the EPA new regulations, and if they don’t comply, guess what? They will shut down.

    So, many of you may not think that the economy is going down, take another look. The people you see in the big cities eating out everyday and driving everywhere, will be hit also. Look at the economy in the states. Look at CA for example. Yes you see people everywhere, however how many cities now have filed for bankruptcy. IT IS HAPPENING!

    • 314edpiper

      I live in rural Missouri and I hear you. I worked for 2 die-cast factories in 4 years, I only left because they both closed down and moved out of the country. One of them was Briggs & Stratton. After that i opened a small business maintaining cemeteries in Arkansas and Missouri, making low 6 figures, but then gas went up too high and we had to close down. Now I work for the USPS as an HCR rural carrier and now that is looking like a go nowhere job. What the hell do I have to do to support my family? If something doesn’t change, life as we know it (for better or worse) is going to become unsustainable.

      • John

        Well said.

    • http://www.ianwelling.com Ian

      Cry me a river…..

      At least when the collapse happens we will have more oxygen to breathe as a result of more trees being around. They should have switched to hemp decades ago. The hemp fiber can produce for more than trees with harldy a fraction of the environmental devestation.

      For our children and our grandchildrens sake, i say shutting down a paper plant is awesome and a step in the righ direction.

      • Trees Are The Answer

        You the man Ian, finally someone who knows how to think long-term, and not about short term dollars. What a breath of fresh air. Cheers to you

        • Gianni

          You and your pal Ian are really really nuts!!!!

          • http://www.ianwelling.com Ian

            Gianni….i think you are confusing ‘nuts’ with ‘educated’

      • Louise in MO

        IAN

        I bet the people out west who lost everything in wildfires, many of which were due to tree and brush OVerGROWTH because of EPA regulations would find your comments particularly nasty.

    • Ron

      I know the mill,it was bad enough when they shut down one line.Over one hundred people lost theyre jobs,i hauled in scrap and lost my regular run also.People ended up hauling to long beach.i wonder where all the scrap paper well go?
      Ive watched companys leaving the USA at a steady rate since the mid ninetys.No long term thinking.

    • bearly44

      Actually, here in the northwest, it was the greedy politicians and big business that sold the trees to foreign countries instead of milling them here. Laws permitting clearcut accelerated the process and voila – no trees and no mills. No work.

  • michelle

    So when do we hear this on the news at 11?

    • LordRhynn

      You don’t. The mouthpieces for the rich don’t trumpet the failures of the rich. Lest they become the next examples of those failures and join the ranks of the poor with everyone else.

      • keith

        failure, you run a business with ever increasing tax burdens, regulations, increasing fixed and variable costs, where do you think the milk from the teat you suck on comes from Obamas personal bank account, look at the reality 8.2 unemployment(which is a lie it is much higher), 16 trillion in debt, GDP 1% growth down form 1.5, down from 2.5, sure blame the rich they are the cause, lol, what will you do when the checks stop coming and if you are employed when the business that employs you ceases to exist. Enjoy this is what you asked for

        • it is happening

          Keith, this is what happens when too many people believe Obama’s lies. There were many good prosperous years before the last Bush got in and money started going to wars. But look at how it has been in just the last 3 1/2 years with Obama!!

          Wake up people… the US is dieing and it is not because of the rich. It is because of the Government period and Obamas failures in the last 3 1/2 years. You need to stop listening to him. He wants everyone to be on food stamps and welfare. If that is what you want, then vote him back in, but not me. I’ve had enough.

        • mohican

          keith it seams that you are standing up for the rich gready people who have failed are country. do not forget for one moment that it is the rich whom govern our country not the poor, not the middle class. first and foremost it is the american elite whom have failed this country. it is the rich whom take from the middle class and give to the poor to buy their votes while createing lopholes in the tax code and createing legislation for government demmand of there products, that are made from overseas.

          • CLASSIC57

            You would absolutely LOVE to be RICH! Get a job from a poor man or woman! Oh, you probably don’t WANT a J.O.B. HUH?

      • Joe

        The media is all controlled by “Left”. Are you calling the “Left” the rich? Make sense lad!

    • Atilla2

      The MSMedia are on ‘Os’ side, they want him to WIN so they will do ANYTHING to HELP him.
      Meanwhile they do JIHADS against anything Romney including his wife. Don’t forget the hatchet job they did on Sara Palin and even her kids and they made fun of her “special child.”
      The lame steam media deserve ALL of our scorn and disrespect.
      The more of these hatchet warriors that go out of business the better.

    • Cheryl

      The government controls the media!! Come on! If they don’t want the 6pm news anchor to report on the fact that we’re all going to be living out of our cars in another 6 months, then he damn well won’t! We only hear what they want us to hear, and they also know if they actually admitted on live television that things are as bad as they really are then the pea-brained population would totally freak-out…There would be riots in the streets.. THEN, Obama could do what he REALLY wants to do and make the U.S. a Police State and bring in the military to control us citizens!!
      WAKE-UP!!!!!!!

  • Stop The Maddness

    Michael writes “Economic Collapse Is Already Happening”
    A more telling but frighting headline would read…
    “Economic Collapse Is Already Here”

  • Gary2

    But as I have written about before, the economic collapse is not a single event.

    So true–I think many people including on this site are waiting for the event while all the while it is happening all around us in slow and sometimes fast motion.

    • Louise in MO

      GART2

      Well, Gary, I actually agree with your post!

      Miracles never cease!

  • John Jackson

    These stats and history itself do not lie. This is the end of the current fiat system as we know it. History proves every fiat currency that ever existed has collapsed. Learn how to thrive during these amazing times…

    http://theelevationgroup.net/presentation/register.php?a_aid=a6affed9&a_bid=e6b01db8

  • http://googlecrome sequoia

    Here in San Diego,CA,I personally see that things are getting worse.There is a widening gap between the HAVES and HAVES NOTS here and the ranks of the HAVE NOTS is growing.You can go downtown San Diego and see that some people are dooing well,and there are expensive high rise condominiums and expensive shops and stores with people spending money with CREDIT CARDS,like everything is fine.At the same time,there is a lot of homeless people roaming the streets,begging for money,or trying to sell you something.There are parts of downtown San Diego, the homeless people are camping and sleeping in the streets.You can walk down to Seaport village,a beautiful touristy area next to the bay,there are a lot of homeless people roaming around,especially by the park that runs along the bay.Some of these people try to make little shows to make some money.You can hop on the San Diego trolley,and see some of them that are fortunate enough to buy a bus pass sleeping on the trolley with their few possesions.Down by the interational border on the US side,there are people selling candies and odds and ends to make a buck.You can cross over the border into Tijuana Mexico and you will find some homeless Americans(both Black and White) roaming the streets of Tiuana Mexico,looking for aluminum cans etc.Many American economic refugees moved to Tijuana for much cheaper rent.You cannot survive in San Diego working for sub minimum wage and pay the rent.There are many people living in their cars here.
    I hope I don’t sound like I am criticizing the Homeless people.I feel sorry for them and we should have compassion and pray for them,because any one of us can be in their situation.REMEMBER many people reading this page are one or two pay checks away from being homeless.
    San Diego CA,thinks it is America’s FINEST CITY.It is NOT.It is one of America,s most ARROGANT cities.If you are rich,then everything is great.If you are poor,it is a nightmare to live here.That is why I have to live in Baja California, Mexico,just to survive.
    The only thing great about San Diego, is the weather.

    • unscathed

      I live in Oceanside in North San Diego county and I see the very same things here. “Prosperity” is an ambiguous concept these days. I laugh and simultaneously cringe at the plastic, materialistic spectacle that plays out before me on the streets and in the shops around town. I live in a beautiful place, but it’s a Potemkin village. Nothing of any true substance or lasting value can be born from such shallowness…

      • LordRhynn

        Potemkin Village is right. The burbs around San Diego look great, and cost like they do. The center of San Diego proper in the business district is full of shiny new buildings. What could be fake about that, right?

        The rest of the place has done nothing save being a Navy romper room since the base first got there. I went to both boot and A-school there in San Diego back in ’88-’90. My dad did too – back in ’51. When he came to my graduation he was able to drive me directly to the “Black and Tan” bar he and his shipmates used to frequent on weekends and the building was not only still there, it was still wearing the same original black and tan striped paint, despite the business itself going under something like 40+ years ago.

        National City is still a dump, full of drugs, gangs, and do nothings who lack even the basic ambition to investigate HOW to move up.

        It’s as though the money walks in and then right back out. Nothing that actually has needed it all along has ever gotten it.

        • John W.

          Nasty City has always been a dump, so what’s your point? Most of San Diego is doing quite well, at least the parts that have always done well. The huge number of illegals and other third worlders that cannot earn enough to support themselves and their five anchor babies have alot to do with the problems. The defense cuits if they happen are going to hit this place big time. Funny how people like yourself get so much pleasure from others misfortunes all the while whing ain’t that a bitch. You probably don’t do ***** to help anything.

        • Pitchfork Ready

          Saw the writing on the wall for San Diego and left in 2003.

          I’m still a Charger’s fan, though (God help us)

    • Orange Jean

      Just for the record, I lived in San Diego County (mostly in Alpine) and worked downtown SD from 2001-2004 – what you’re describing doesn’t sound much different from what I remember.

      Also I lived in Orange County back in 1989-1992… and what you are describing was similar there too.

      How long have you been in San Diego (or I guess I should say TJ)?

    • mike Beale

      Another San Diegan chirping in. Agree what others have posted. The large homeless problem is in part due to SD’s best asset – that beautiful weather. You won’t be sleeping outside on cardboard/cement or in a park somewhere in Chicago or Boston during winter, when SD is still in the 60’S. I wonder if Florida has a large homeless problem as well?

      • Alan

        I have read that Orlando, Jacksonville and Daytona have large hobo villages. I seen a bunch of people living in a closed gas station in Pensacola a few months ago. I think this winter we will see lots of homeless show up down here.

    • http://twitter.com/nwo_analyst conspiracyanalyst

      I lived in La Mesa, CA for 2 years and I have to live in Tijuana to survive. I have met many, many Americans, young and old who live here. They all say the same thing: they cannot afford to live in the San Diego area. Why pay $800 a month rent for a 1 bedroom place when you can rent a 4 bedroom house for $400 in TJ or a 1 bedroom apartment for $200 a month?

  • Col. Wilson

    While there are a lot bad symptoms presented, the majority of the U.S. poor are the richest poor in the world.

    With that said, I think this creates a false sense of security for the majority of Americans. Most are hiding their heads in the sand and when more frequent waves of collapse do hit, it will be like the story of the emperor’s new clothes. Most will be force out of their comfort zones & have to face the reality of no welfare, no jobs & a collapsing economy; this means no logistical resupply of goods & services, power outages & continued high crime.

    This well written article shows the NEED to prepare now while you can. Food, water, shelter, meds, guns, ammo, etc.

    Thanks for posting

    • LordRhynn

      The richest poor in the world. Stuff like that always makes me shake my head when I hear people try to defend this system with it. It’s basically the same thing as being the leper with the best tan.

      • Federalist45

        When “poor” has free housing, free medical care, free utilities, and enough pocket change to afford cable, flat screens, cell phones, and $200 shoes, “poor” ain’t so poor.

        • Anon in USA

          Cable? Flat Screen? Cell Phone? AND $200 shoes? Please PLEASE sign me up to be one of those “poor”. Youwant to know reality of low income? Let me tell you about me and my 3 children. We live in a trailer that has a lot of little problems that add up to one big mess. We just got a heater for the whole house last January after living with no heat other then a myraid of space heaters for 4 years. And there are below zero days in the winter here. Our air conditioning for the above 100 days?? 3 fans and spray bottles. The “$200″ shoes you say we are sporting? If I can we get them at payless or a friend has given my children her children’s hand me downs/ Or how about them flat screens I supposedly own? Hmm let see a friend gave me her mothers tv when she passed. it is at least 10 years old and is heavy as all get out. Oh and free housing?? Nope I am in college and pay my rent by the semester so I can put my children in a decent neighborhood. Cable-Haven’t had that in over 6 years. And where I live we get 1 channel over the air. Did I mention I HATE American Idol? So when that is on,4 nights a week, our vcr player gets ALOT of play!! Yep VCR I picked one up for $5 at a yard sale and was given peoples old movies for free. I’m not too proud to take them so we have something to watch other then stupid shows. And yes I do have a cell phone. It’s a cell phone that I pay $10 a month for. It’s on a friends phone plan so that I am always able to get help if I need it with our car which is 8 years old I got in the divorce settlement. Yes we do have free medical care. With this free medical care the kids get everything they need (thank you-honestly with the things that are happening in my little family i am truly grateful for that) but not so much for me. I have lost over half of my teeth as I can either feed my kids or fix my teeth. Can you guess what choice I did? free utilities? Nope when I had to use space heaters my avg electric bill in the winter was above $500 a month.We have had our utilities shut off 3 times in 6 years. I am grateful it hasn’t been more. Now I am not asking for pity for this as I am proud we are doing as well as we are. However it pisses me off when you paint a broad stroke of what YOU think represnts the poor. It is not true of the majority of the “poor”. It is true of the few who are abusing the situation. reality is more like me and mine. Don’t get me wrong until I finish school I will use what I can to keep my nose just out of the water and keep treading with whatever means I can and need to. And will gratefully return to the workforce with pride and turn in our state help with pride as well. But it grates me when ignorance is allowed to florish with the stereotypes such as yours. Until you open your eyes to the truth…ALL truth. then you are just as bad as those you are spouting about.

        • mike roberts

          get real , fool , who has that , you ?

  • dbomb12

    The bottom line is the current situation IS UNSUSTAINABLE. I am sure there were plenty of Germans doing well before hyperinflation hit them.Today all the govt social programs are unfunded as people continue to work at 10.00 an hr jobs and live off the govt dole without getting a job and dont forget 77 million Americans born from 1946 through ’64 10,000 a day will turn 65. That will continue for the next 19 years.Where will the money come from for medicare, medicaid and social security ONE word “NOWHERE” as the author implies collapse is imminent

    • http://www.infowars.com Anon

      I think it is entirely likely, that our “Representatives” in the District of Criminals, are aware of all these “unfunded” liabilities, as they call them, primarily, BECAUSE THEY HELPED WALL ST. STEAL – AT LEAST – $20 TRILLION from us, the people. ($4 TRILLION went to the TBTF Banks, themselves, who own and control the so-called ‘Fed’, and $16 TRILLION to foreign banks!, and other entities). IF they hadn’t stolen OUR money, in the first place, these “unfunded” liabilities would be covered. But, no, instead, what they did, was grab the $20 Trillion, while the grabbing was good (2008, after Obama got “elected”), and left the taxpayer holding the bag, on both the $20 TRILLION, they stole, plus all the future “unfunded” liabilities ($16 TRILLION), PLUS the National Debt ($15+ TRILLION). It is mathematically impossible, for all this debt, to ever be paid back, making us DEBT SLAVES. UNLESS – WE END THE FED, & declare a “debt jubilee”.

    • Cheryl

      $10 an hour? WHAT?? You couldn’t live on that? Hell, I have lived on that!…and recently! I’m out of work now, and living on the equivalent of $7 an hour!! I pay $900 a month RENT!! I’d like to see any of the spoiled 1% live for more than 1 day on what I live on for a week! Hell, even a MONTH! The Fed is not a part of the U.S. Government..THAT’S part of the problem!! They could care less if we survive or fall. It’s pathetic. What we’ve let our Government do to this country (meaning our so-called “elected” officials) is pathetic. Hell, WE’RE pathetic!

      • Joe

        You are so right on!

  • DEFCONStudios

    Michael unfortunately that is the attitude Sheeple conduct their lives on a daily basis with.

    Fact is that they wont awaken or realize what is going on until it is too late.

    The reality is that the Economic end game has begun.

  • erheault

    Welcome to the brave new world order, Do not disobey fearless leader or you go to the FEMA camps of renewal and reeducation at a Army base near you.If that dont work then the multi million .40 cal Bullets will be used.it is becoming scary complete with drones to spy on you quite possibly armed and being sent to police and local government agencys, Toss in a Depression and it will be very interesting how this turns out.

  • nader paul kucinich gravel mckinney baldwin ventura sheehan perot carter

    time has come
    Ron Paul Army

  • Anne

    Everyone sees the world through the eyes of their own experiences. Until bad things happen to most people, it seems anymore, they really don’t care what is happening to anyone else.

    I noticed you did not mention the soon to be exploding food prices or the impact of Obamacare being fully implemented next year. Both of these are going to impact everyone also and not positively.

    The concept of the dollar as the reserve currency of the world and how nations such as China are undermining that, is also going to have a huge impact soon.

    I don’t know what is going to come in the future, so enjoy today as much as you can, help who you can and stay positive, is all I can recommend.

    • Orange Jean

      Good points Anne, especially your comment about how everyone sees things from their own experiences.

      There are plenty of people I’ve heard saying the early 70s was some kind of wonderful time (economically at least). But for me – it was a very, very hard period in my life. I was a single parent, I cannot imagine a time too much harder.

      One of those years I was living in Maine, had no car (hard to find a job when you can’t get to one). I got a waitress job at a lobster restaurant I moved there for (albeit minimum wage), but was fired the first day because I showed up to work wearing my uniform with clogs (they decided that made me a hippy and they didn’t like hippies) and I told them I couldn’t start the day I’d agreed to because I was sick, but I wanted them to know I’d moved. I didn’t realize it at the time but I had tonsillitis (I hadn’t had my tonsils out as a kid, had to at 22). Then I got a minimum wage part time job for a few months sewing leather goods, but I quit when the boss-man started sexually harassing me (back before there was such a thing, ha ha… so nothing I would have known I could go to a lawyer about).

      I ended up unemployed and living on $95 a MONTH of welfare (while paying $75 month for my share of rent) – Maine didn’t have anything like housing support or food stamps then for sure; but I was trying desperately but unsuccessfully to find another job. No car and a 4 yr old to feed.

      Back then you could feed 2 people for maybe $12-15 a week (hard to believe isn’t it), but $5 a week really wasn’t cutting it. I do NOT know how we survived, really (the grace of God is all I can figure). I was eating buggy storage wheat from my prepper supplies (hand ground, had to wash the bugs out first… as I was too squeamish), a gallon of raw milk a week for $1 from the farmer down the street… and tried digging clams but never did find a single one (no rake), ate mussels instead… and tried eating every kind of seaweed I could find… it all tasted like salty rubber bands. Not really a fun time.

    • BFH

      Obama care is not fully implemented until 2014!

  • http://Survive2balive.com GA

    The normalcy bias and apathy will remain all the way to the end. It’s stitched into the fabric of our society. Michael, as always, you have backed your theory up with sound statistics. The problem is nobody wants to hear them. For those of us that are awake, prep expeditiously because it’s going to be painful.

    • keith

      Yup its the frog put in the pot of cool water, as the water slowly warms the frog does not notice till it’s too late. When the checks stop, the really bad stuff will begin, and the wailing and knashing of teeth will be deafening.

  • Piglet

    Here’s more denial. There’s a film called “We’re Not Broke” and it calls for more taxes. See: http://werenotbrokemovie.com/

    Yes, there are corporations that have been paying no income taxes (although the income tax is by no means the only tax out there) but the hole our government has dug is simply way too deep. Tinkering with the tax code won’t prevent what’s coming.

    We’re not just broke, we’re hopelessly in debt and there’s no way to meet the tidal wave of unfunded obligations coming our way. For some, the answer is always OPM – Other People’s Money. Surprising as it might seem, even looting the rich won’t solve these problems.

    And we’re supposed to fix these problems by giving MORE money to the federal government? The recent GSA scandal is a prime example of governmental financial responsibility. And as they say on TV, “But wait, there’s more!” From today’s news:

    http://www.foxnews.com/politics/2012/08/01/bonus-checks-for-gsa-workers-total-far-more-than-previously-reported-lawmaker/

  • Josh

    what i would really like to know is why in the F hasnt congress done anything about the postal service? they have had years to fix this problem and yet they do nothing. WHY!?!??!?!?!?!?!?!?!!??!?!!??!?!?!!?!?!?!?!??!!??!?!?!?!?!?!?!?!?!?!?!?!?!!??!?!?!?!?!?!?!?!?!!!?!?!?!?!?!

    their inability to do anything positive for the avg. person make me want to go there and ring their necks. at least they had time to NAME some post offices….

    http://news.yahoo.com/60-house-bills-name-post-offices-zero-fix-144624099–abc-news-politics.html

    • K

      Why are they not doing anything? MONEY. If the post office is allowed to fail. They and their friends will make very large sums of money. The net worth of the post office is around 100 billion dollars. At least that is the last figure I heard a few years ago. This would include machinery, vehicles, real estate, and buildings. In case of total collapse of the post office all these assets would be auctioned off. Ever been to a government auction? They usually get pennies on the dollar. Can you imagine how much money the rich insiders would make off of that? Add to all that. How many officials do you think, might hold stock in FEDEX or UPS. Without the post office competition, their rates would go sky high. So you see the answer is simple GREED. Remember, if they thought they could get away with it. They would discontinue the Navy, and hold a sale on Aircraft Carriers.

  • unscathed

    I’m a gainfully employed, 40 plus year old grocery store clerk and I can honestly say in 2012 I have nothing to hang my head about. I wouldn’t have had that mentality 15 or 20 years ago, and I predict that in another 15 or 20 years it will be as difficult to get a job working in a grocery store going the work I do as it is to enter any other line of work, even those requiring a degree. The concepts of “retirement”, “vacation”, a “40-hour work week” and having “disposable income” will all be quite foreign to the vast majority of American workers.

    But then again I may be painting a much brighter future than what reality holds in store. There’s a part of me that doesn’t believe the system will sustain itself for another 10 years much less another 20, and I’m a card-carrying optimist. The inescapable truth is that the federal reserve-plutocratic economic system is already in a state of collapse and can’t be mitigated. When the grocery and electric bills double and gas hits 8 to 10 dollars a gallon in less than a few months, look out.

  • xander cross

    I blame all of you tea party members who went to chick fil a today and brought a high chicken combo because of what a CEO says. Why are you all eating at ruths crips steak house on credit? Why are tea party members shopping at wal-mart and target, getting target credit cards and debit cards to buy things made in china? Why are tea party members shopping at whole foods grocery store buying expensive fruits on credit? Why are tea party members shopping at nordstroms, barnes and noble, buying 30 dollar membership cards at a bookstore? why are tea party members funding big banks and still using Bank Of America? Why are conservatives are attacking the poor and yet, they themselves buying tv’s from best buy? Why are conservatives buying purses from Saks fith avenue?

    • Louise in MO

      Well, I guess the Tea Partiers are buying and doing what everyone else is doing in this country. To think otherwise is ludicrous. No ONE group is responsible for the mess; we all are, if not now, then in the past.

    • John W.

      Why are you a moron?

      • xander cross

        I not the moron. You are for voting for ron paul and supporting the tea party.

        • John W.

          I never voted for Ron Paul. I consider him a sideshow. as for the Tea party what is your problem with them? They want spending controlled. You have a problem with that?

  • Moridin

    Just wait for a little more QE…. and then probably alot more QE, and before long the rest of the world will realize that toilet paper is worth more than US dollars. At least you can wipe your ass with toilet paper.

    Micheal you are right, and what sucks for people attempting to wake the masses is denial. Joe Sixpack Dumbass doesn’t want to believe that it will happen, because then he might have to actually do something about it. I mean really, who wants to cut spending, and stockpile food and ammo? What a bummer. It’s just so much easier to keep your head in your ass, and continue doing what you’re doing.

    For those of us who have eaten the red pill….

    we understand that gold isn’t worth more and more, it is a public display of the debasement of the dollar.(why do you think they manipulate the markets…to prop it up) It isn’t that precious metals are gaining in real value, but that the dollar is worth less and less when measured against a tangible commodity. (Hence the rise in oil, food,etc.)

    Just google BRICS. Is it any wonder that all of the emergent economies(not a part of the western hegemony) are meeting, discussing, and actually taking steps to disassociate themselves from the federal reserve system. IMO that event will be the event which will cause the crash everyone looks for. The loss of confidence in the dollar, and its removal as the global reserve currency….

    The worst part of it all is the libertarians and Austrian economists who understand what is going on… such as Ron Paul, Peter Schiff, Tom Woods are doom and gloomers, and according to the MIAC report, they are domestic terrorists….

    That doesn’t bode well for people who are self sufficient, and would never accept the dole as their way of life.

    LIBERTY is our answer (and restoring the republic that has been highjacked by the 6 megabanks and global corporations)… oops…. I must be a domestic terrorist…??

    • Kevin2

      Moridin

      “Joe Sixpack Dumbass doesn’t want to believe that it will happen, because then he might have to actually do something about it.”

      It would be impossible to discuss this with the above person because they don’t have the groundwork of knowledge to follow the conversation. I have a relative self employed that has a couple of employees and makes 100k tell me, “If there is not enough money print make more”. Brilliant, absolutely brilliant.

      If things fall apart the majority will be frozen in their tracks. In 72 hours they could be told to march off a cliff because there is help at the bottom and they would do it.

  • Rodster
  • Washington

    This week, the House of Representatives will take up a tax extenders package to prevent the Bush tax cuts of ’01 and ’03 from expiring at the end of the year.

    Earlier this month,the House Ways & Means Committee to include full repeal of the estate tax (AKA – the death tax) in their tax package.

    Unfortunately, Speaker Boehner and House Leadership have signaled the package will simply be an extension of the current rates – for the death tax, that means keeping the rate at 35% for those with an estate valued at over $5 million.

    Now, compared to the 55% tax on estates valued over $1 million, which the death tax would fall back to if the current rates aren’t extended, that doesn’t sound too bad.

    But when compared with H.R. 1259, the Death Tax Repeal Permanency Act, such a continuation of the status quo falls flat on its face.

    The Death Tax Repeal Permanency Act is a bill Campaign for Liberty has been supporting alongside a coalition of family businesses and outside organizations committed to lower taxes and limited government.

    Some may reply that “their families can afford it,” or “they’re just paying their fair share.”

    But let’s be honest.

    Aside from the hidden inflation tax, the death tax is one of the most insidious, immoral taxes forced on some Americans. Death should not be a taxable event, especially not on wealth that has already been taxed by the government throughout the individual’s life.

    And as our out-of-control government grows deeper in debt every day, what’s to stop them from lowering the threshold to require more Americans to pay up?

    Simply put – “No taxation without respiration!”

    Directory of Representatives
    http://www.house.gov/representatives/

    • Gay Veteran

      gee, you sound like a tool of the billionaires who run this country

      “…Death should not be a taxable event, especially not on wealth that has already been taxed by the government throughout the individual’s life….”

      capital gains are not taxed until the asset is sold

      massive inherited wealth perpepuates the new aristocracy running this country

  • Barn cat

    U-6 unemployment is 15%. The real unemployment rate as calculated by shadowstats.com is about 23%.

    One of the last and most important events in the collapse will be the collapse of the dollar. That will lead to a complete collapse of the economy, the loss of electricity, and mass starvation in America. I think that’s coming this fall.

    • BFH

      I’m most sure it is not coming this fall but, it is coming!

  • cerisa

    I think this is article is a good summary our current condition. Don’t bother to circle a date. I do my research, but, in the past few years, I only have to look at my own community to see it eroding. When denial no longer serves its purpose, and ‘circling the wagons’ isn’t working, there is a painfully long fall to what is and has been going on. At least it may allow people to have their delayed moment of righteous indignation. They can be the first on their block to wonder how this could possibly have happened to them? All I can say is, that in the end, we will only have our faith and whatever values we feel define us. No one here, walking on this earth,holds the script for where this is going. I believe when ‘it’s up close and personal’ for each of us, we will have ample opportunity to meet our ‘real selves’. Let us all hope it is a meeting we are relatively “OK” with….

    • BFH

      There is a silver lining to an economic collapse,
      and that is that it will put most of us in the same boat. As it is right now the economy is picking us off in small groups. As indicated by your post. Sadly it will continue that way for some undetermined period of time. However, at some point the straw that broke the camels back will be true. There will come a time that the so called slow collapse will go supersonic into a full blown total collapse.

  • Martin Zehr

    A perfect storm has hit us and we cannot escape. Our best intentions have produced the worst of consequences. Our schools have failed, our industrial capacity has moved overseas, our young people are self-indulgent, our cities are filled with below minimum wage workers, our resources have been pushed beyond their carrying capacity, our politicians have “kicked the can down the road” on everything, our debt grows on the individual and governmental level, our President has failed to lead and we have failed to roll up OUR sleeves to rebuild the mess left from the financial collapse of 2008. Blame him, blame her, blame them, blame me. (Oops, don’t blame me! I was out of town at the time!) Good intentions aren’t enough. We are stuck with the fact that we are not going to like the medicine we have to take. Suck it up, America. Stop whining and get to work!

  • http://economiccollapseblog.com bill

    NOW OBAMA SAID THINGS ARE GETTING BETTER,LETS GIVE HIM 4 MORE YEARS WHATS THE WORSE THAT CAN HAPPEN(THIS IS ME BEING SARCASTIC)IF OBAMA GETS IN OFFICE AGAIN,WE DESERVE WHAT WE GET PERIOD

    • mike Beale

      Fool me onc, shame on you. Fool me twice, shame on me.
      It’s sad that obummer can and may win again.

    • Eric

      Until people stop acting like sheep, not much will change. I direct people to sites like this so they can find out the real truth, not the lies spread by politicans.

    • Ron

      While im not an Obama supporter.I blame congress for a lot of our problems.Yet i hear liitle talk about this special class of aholes who have no term limits like kings.They are so out of touch! I wouldnt have let them go on break.At least other presidents shake some hands and make deals.I read Obama just leaves it all to Harry Reid and many of congress have never even met the president.I see no change no matter who is president with this congress.Prepare.

      • sk

        Thank you for seeing this! No matter who is the President, congress has the real power, they know that who ever only has 8 years and the can stone wall and filibuster til they get some idiot who will do what they want. I think all politicians should have a 2 term limit. Our founding fathers never intended people to be career politicians, they intended that people would do their service and go back home to their real jobs.

  • Louise in MO

    My earliest of recollections are that of being poor. I didn’t know we were poo. I thought everyone ate bread and mustard or bread and ketchup for a snack. Potato soup and navy been soup was our daily food. Sunday, was special because it was meatloaf.

    We went on to better places, better food and my family survived.

    So, poverty is a time in my past; And, I suppose it will for me be a return to my roots.

    It’s been nice to have “things” but I know by experience that your family is the most important thing you need and together you can live through anything!

    • Optimistic Pessimist

      You’ve just reminded me of a childhood memory. My parents used to lift share with a kid down the next street from us when I was 7-10 years old. Whenever I went round his after school his Mum made ketchup sandwiches. I wasn’t particularly fond off them, feeling that there should have been something extra in the sandwich but ate them out of politeness, I remember he and his sister loved them. It never occurred to me at the time that they might not have had a lot of money – doesn’t really occur to you at that age.

      I wonder how the children now will remember all of this in ten years time.

      OP

  • Antonio Gonzalez

    64- 40 years ago the total amount of debt in America (government, business and consumer) was less than 2 trillion dollars. Today it is nearly 55 trillion dollars.

    But some few people own millions and millions of dollars.

  • http://googlecrome sequoia

    Orange Jean:
    My family and I moved to San Diego in 1994,and in 1995,we mved to Baja California,Mexico.Since then I have noticed more and more Americans,moving to Tijuana and surrounding areas.Since the year 2008,is when I really noticed more people from the USA,living down there,and commuting over the border to San Diego,to work and go to school.
    There have always been homeless people in San Diego,but now I have noticed many more than before.
    Chula Vista used to be nice,but now the crime has gone up,and there are Narco kidnappings there,more violence and homeless people there,than back in 1994.

    • Orange Jean

      Thanks! I was having a hard time putting the dates on those comments, but I did not live in San Diego until a lot later. I only knew one guy who lived in TJ, but he was from there but had gone to school in San Diego and had a small business (trucking) where he’d cross the border daily.

  • Washington

    Court Demands TSA Explain Why It Is Defying ‘Nude’ Body Scanner Order BY DAVID KRAVETS 08.01.12

    http://www.wired.com/threatlevel/2012/08/nude-scanner-order/

  • doctor blue

    well when you are sitting around the camp fire to keep warm, eating rat meat on a stick and drinking water from a nearby stream you can joke with your friends about “the good ole days” (today that is!) You will talk about your SUV getting 12 miles to the gallon, your 60 inch Plasma TV, your 5 bedroom house with the pool. Today is as good as it’s going to get and tomorrow will be worse than today, you can bet.
    Prep Hard – prep Fast, Time is very SHORT!
    What is coming, is HELL ON EARTH!

  • Jonno

    Ok, your all going down the tube because you let a mob of mass murderers run your country for 8 years, Bush and Co. that is. The entire world hates the USA, I think you even hate yourselves now that many of you know what your baby killing military has been up to. Well what to do? Get off your arses and buy a ticket to somewhere the economy is great, the weather beautiful, the food delicious, jobs everywhere, the air and sea is clean and most people are happy and relaxed. You will be welcomed to Australia if you can just shut the f up and work at becoming one of us. Oh yes, the wine and beer are damn great too!!

    • Kevin2

      Jonno

      If Kerry won in 2004 Free Trade would have been reversed, jobs brought back to the US and the troops brought home.

      Oh, John Kerry voted for Nafta and China Free Trade and the war. Oops.

      We went down the tubes because the government through both party’s has handed over control to the power elite. It did not happen yesterday either. The “Saviors of the Working Man” Democrats marched lockstep with the Republicans and 80% of these Democrats in US Senate voted for China Free Trade which was ever so slightly behind the 83% Republican vote.

    • Doug

      @ Jonno. I live in the best country in the world… Canada. Sad, but our neighbours to the south are the Americans. When they say “jump”, our leaders say “how high”. I have an Aussy friend, she keeps saying for me to come down, im really thinking of it now….

    • Federalist45

      If you understood the United States, you would understand that in none of those 8 years of the Bush Presidency did the President enjoy, as Obama did for two years, a supermajority House and Senate. Indeed, Bush lost any control of Congress in 2006. While Bush’s was, pardon the expression, merely a pale imitation of Obama’s Statism, it was, neverthless, Statism. It certainly damaged the future of the U.S. over the first six years of his Presidency. But it was nothing–nothing–compared to either the last two years, under a Democrat Congress, or the years since 2008, when Obama has done all he can to sink the nation.

      By the way, you exist, of course, because of the sacrifice of hundreds of thousands of American sailors, soliders, and marines in WWII. If even alive, you would be speaking Japanese and working at a Mitsubishi plant today. I would suggest you and the rest of the Western World take a hard look at your history in the 20th C, then talk to us in the U.S. about how hated we are and why.

      Mostly, why don’t you read the Declaration of Independence, the U.S. Constitution, and a little U.S. history before spouting off like some dumb Crocodile Dundee imitation.

      • Kevin2

        Federalist45

        Yep great country but bad leadership.

        I totally agree regarding WWII. It’s also the last justified war, military action, conflict, police action, dispute, altercation or whatever it’s called. That action in which the military is used. Well we did right, contributed greatly in saving the world with that one.

      • Gay Veteran

        Obama has built on the foundation laid by George W. Bush and previous presidents

        • Louise in MO

          GAY VETERAN

          IF Obama has built anything at all, it’s filled with quicksand and he’s more than willing to kick us in it!

      • John W.

        Sad how things have changed. In 1967 I made a Med Cruise on the Carrier America.Every port where the ship visited and offered tours we were mobed by people wanting to see the ship and meet the crew. That would never happen now. The general attitude was friendly even though there was some resentment as to the Vietnam war. People still looked up to and admired the US and remembered the help we extended after WW2.

  • ralph nomad

    Comming economic colaps of course.If you want to know more read about the rothchilds they designed the system. Prepare now there is not much time thats true. But prepare for what? Prepare for Jesus’s return. If your not familure with the new testament read it.Jesus says money will fail. There is a time he calls the great tribulation in which he will return the bible writes. he says in those days the kingdom of heaven will be like ten virgins five wise five foolish. the wise braught extra oil to keep there lamps burning the foolish did not. The foolish had to return to the towns to buy oil in the mean time the bridegroom returned and let the wise in and closed the gates. When the foolish returned it was too late for them the gates were closed. It is written that Jesus said the lamp of the body is the eyes.Jesus says I come like a thief in the night at an hour you do not expect and then tells us to be on gaurd and watch for him less he comes at a time in which we are not looking for him and he leaves us to the fate of the world.So when the great tribulation starts our whole mission in life has to be watch the skies for Jesus day and night but be wise and bring enough oil (food and supplies) to keep your eyes watching.I do not know if he will return before or after money fails.We all need to be prepared not only with supplies but spirtually. be baptised and we need to confess our sins to a person all of your sins. It does not matter to who but not in a dark pullpit as the catholic church but in the light. Its hard but it is cleansing and will bring your sins from darkness to light. Then consider taking the lords supper after you have clensed your self. And stop sinning. do all you can to stop. Keep not only the ten commandments but also Jesus’s commandments. I believe its a good idea to prepare a place out side the cities and towns to wait. If you see a new jewish temple built in the place the old one stood thousands of years ago and a false leader on its throne leave the cities and towns immediately.But thats my own thinking. Jesus says when you see the abomination that makes desolate standing in a place it ought not be leave and dont return to your house for anything.I believe Jesus put this information in parables so it would not be changed and when the time came people would know. If you dont go with Jesus dont try to survive. It only leads to being inslaved to a computer and the devil when people recieve its mark on there right hand and forhead in order to buy and sell I believe.Will they give life to the computer? I believe so but worship the Holy Father not the Image of the beast which I believe is the living computer.The sad thing is this horable thing has been planed by the ones that own and control the central banks of the world.They have betrayed mankind and worked for the devil in order to enslave us. Yes this sounds crazy but its true.Find the truth for Yourself Reserch who owns our Federal reserve. These people who call themselves jews but are not.They can create money out of thin air then we pay them intrest on money that they have created.Find the truth for yourself. The wars we are about to start are not for good its only to give these bankers more control. Please don’t believe the lies we have been fed.find out for yourself. The truth seemes crazyer than any movie. Bless You and good luck.

    • GL

      My shopping list: total … $35,676.65 Dollars used for required toilet paper.

    • mohican

      god grants wisdom to thoose whom seek it i also see this is truth. I deny the rothshild, illuminait or whatever society that is behind these works. i know there works and they are the work of lucifier

    • Alan

      I wouldn’t worry about Jehovah showing up, but armed hungry people most definitely.

  • http://www.jefascianiworkcreation.com/default.html Joseph E Fasciani

    What are you thinking? Everything has played out purr-fect-lee for the ruling class. The USSA [not a typo] has achieved what Gerhard Schroeder said it would do, some thirty years ago, when he famously remarked [my German’s rusty] that the USA would be the first nation in history to go from First World status to Third World w/o passing through a transformational middle way. I say “Good JOB! Well Done, corporatist fascists!”

  • Attila the Fun

    Steps to recovery:

    1) Undo anything Woodrow Wilson did;
    2) renounce free trade and reinstate the tariffs;
    3) pass Glass-Steagall (and renounce TARP);
    4) vote 99% of the rascalions out of office (change their retirement to SSI, get rid of their Cadillac health plan and put them on Medicare);
    5) pass the Tobin Tax;
    6) Get rid of ZeroCare;
    7) Bring back the production jobs from overseas and;
    8) Shut off the television and read a book.

    • GL

      will YOU ALL do this? nope…so game over.

  • Gary2

    tea bikllies defending the bush tax cuts for the rich–what a bunch of foolish dolts.

  • Eric

    I love reading articles like this and then seeing President Obama stand in front of a crowd and tell them his policies have turned the economy around. I think to myself is Obama living in Oz? Our economy has not turned around and the lamestream media refuse to actually report the facts. People need to wake up and see the truth.

  • Insane

    In 1999 to 2001 my wife and I opened 4 successful business. By 2011 we had shut them all down due souly to State and government regulations. The only reason it wasn’t devistating was because I’ve watched and studied the economy for years and seen this coming along time ago. You have to be deaf, dumb and blind not to see what’s coming.

  • lee

    CONGRATS on being picked up by shtf site for this story !

    I looked at many prepper sites months ago and they are the best IMO.

    zerohedge and drudge will pick you up soon enough, you’re ahead of the curve on this economic collapse era !

    • Michael

      Lee:

      Thank you for saying that. I am always so honored when other sites consider these articles to be valuable enough to share on their own sites.

      Michael

    • mondobeyondo

      Thumbs up on my behalf! :)

  • liberal

    “So many people talk about the coming economic collapse as if it is some massively hyped event that they will be able to point to on the calendar, and a lot of writers spend a lot of time speculating about exactly when it will happen.” So coming is the kingdom of God.
    Luke 17:20 And when he was demanded of the Pharisees, when the kingdom of God should come, he answered them and said, The kingdom of God cometh not with observation:
    Neither shall they say, Lo here! or, lo there! for, behold, the kingdom of God is among you.

    • Alan

      Its a slow motion train wreck that will play out over the next several years. These things happen over and over throughout history. There is nothing magical about it.

  • maria

    i think that this site is just over-ly pessimistic….

    yes there is a crisis and an economic meltdown…. but with the right attitude you can find solutions … the important is that you have a strong family and friends network so that you can help each other … single mother with a baby to feed and cannot find a job? where are your parents and friends that can host you while you seek employment? cannot pay bills? again where are your parents and friends? do we all need an expensive car or eat outside? biking and cultivating vegetables will do …. cannot afford a house? a camper can do too…
    it is all about perspective and making sure that you have solid values to start with …

  • DeDannan

    An interesting report! However, I would remind that this crisis has started in 1989 after the break up of the USSR and is affecting most of the world,not only the US of A. There was already a preview in 1991, even if it did not do such damage as in 2008. But countries worldwide felt the pinch. and the slide started… Already then, people lost jobs and companies went bankrupt. But, debt was not as deep as now, and governments were able to hold on. In the 90’s, we were hearing about tens of billions. Now, it is by tens of trillions. Sorry to say, but it will get much worst and for some time before it starts to get a bit better.

  • Federalist45

    Jonno, You wrote: “Ok, your all going down the tube because you let a mob of mass murderers run your country for 8 years, Bush and Co. that is. The entire world hates the USA, I think you even hate yourselves now that many of you know what your baby killing military has been up to.” How something this vicious, hateful, and means-spirited can make its way through the moderators on this website is an interesting question, but more importantly, I am compelled to point out that my own uncle, and hundreds of thousands of other U.S. soldiers, sailors, and marines died to save Australia from the Japanese back in 1942. Hundreds of thousands of others died to save Europe twice. And much of the current debt of this country is the direct result of defending the entire world against the threat of totalitarianism of the Left, whether Fascism or Communism, since 1914. Has America lost her way? Yes, because Statists such as Bush and Obama insist on imitating the idiocy of the “liberal democracies” of Europe. But I never want to hear any of you–from Australia to France to Russia call Americans “mass murderers” or any such thing. Next time you get yourselves into a fine fix and face extinction, don’t ask us to die to save you.

    • Louise in MO

      FEDERALIST45

      You got it right! Amen!

  • David

    Let the whole thing collapse! There is no solution here but a new start . .. . Stop fooling ourselves with these get-around solutions . . .

    This fall, the whole Global Financial System will come to its knees and crash and that will be the new beginning for our civilization. The battle of Good and Evil is about to come to their final confrontation . . . .The Greed of the Rich, who are unwilling to distribute the money to the rest of the world, it finally would come to end soon. The Good should prevail . . .

    There is no way this could be sustainable and for those who are living in the fantasy land, it is about time for them to wake up and get a grip of reality . . . . ..because the party is about to be over. I know some people may be moaning about my comment . . . ., but hey, I am speaking the truth . I am sure time will tell . . .Whatever may come out of this crisis may be unpleasant at the glance but eventually it is necessary to reset itself, and the time is near.

  • GL

    Yes you guys in the USA scare crap out of me. I am from there but have been gone for the past 15 years and have just watched the circus from afar. The way things are ran there is the reason that I left in the first place. If you cannot fix it then forget it! Unfortunately I have kids and grandkids there. So now, after all of this time, I must return to PREPARE for what is coming. I am really sorry to be a part of the end of life as you all knew it. It will not be bad, it will, for sure, be VERY bad. I suppose we may be some of the lucky few that have resources to actually prepare for the depression days. I have calculated it will cost around 35,000 dollars to “be ready” in order to make it. I am aware this is a HUGE amount for the average Joe to come up with. Most owe that much on “cards” My father told me when I was a kid ( I am 53 ) that he would not live to see it but it would happen in my lifetime. He said that we ( now you ) would revolt and would go there and ************ those in control from every light post in DC. Dad was not wrong very often. Prayer is all I can offer…

  • stevefraser

    All according to Obama’s plan.

  • BFH

    Out of thousands of facts that are available none is more convincing of economic collapse than the fact that we are in debt thus far 15.9 Trillion and will reach the 16.4 trillion ceiling about election time. Then it WILL get approved to God knows what. We can NOT pay that back. I guess ignorant people think it just doesn’t matter. The masses will NOT wake up until it get REAL bad. Then we will have chaos in the streets. I suspect that when the cheeseburger breath goes to the wayside it will be replaced with utterances of revolution and growling stomachs.

  • Jonno

    Federalist45.

    Most Australians feel great warmth and friendship towards Americans and are very thankfull for the sacrifices your troops made in WW2. Most of our troops were in Europe helping the English keep their country. But please remember Australians were with you in Vietnam,Iraq and Afghanistan and have died for the same lies as your guys have. When I visited the USA in the early seventies I was amazed at the love everyone had for their country, so different to Australia back then, and how friendly and kind everyone I met was to me, once again so different to home. Now Australians love and are thankfull to be Australians living in this paradise and Americans have been deluded to believe they live in the greatest country in the world, but are now waking up to the inescapable fact that hell lies just around the corner. On another point, CANADA!!!

    • John W.

      When she was still in commission the old USS Coral Sea used to be on hand at the yearly Battle of The Coral Sea Celebration that your people used to hold. I have heard from sailors that were lucky enough to attend that it was one of the best times they ever had. We visited Sydney and I think you crazy Aussies are great.

  • cerisa

    I suppose we all define prosperity according to what we have. Our jobs, our lifestyles.
    Any and all of our possessions can be gone in the blink of an eye. All it takes is one more crisis to set the dominoes on a roll. Any of us. regardless of our current situation, can be sure that at any given time our ‘things’ can become just ‘things’. This situation we are facing is by no means an American issue. The problem is global. As the power brokers play “One Flew Over the Cukoos Nest”. with our national debt, gross misappropriations of the taxpayers funds, and exhorbitant parties, we need to remember that our government is passing the buck to us. We aren’t going to get back to being the most innovative country on the planet. The set-up for the demise of our paychecks,families, basic security. pensions and, above all. our peace of mind, is and has been insidiously taken from us. One problem is that as crises escalate, the more a population resorts to becoming increasingly self-absorbed. I think that’s a typical human response. It’s the response to stave off fear. loss or threat. I would like to think that our family unit would band together to care for those loved ones that are struggling. All we have to do is read the myriad of articles about the increasing interest in the “I” factor. Our family may be spread across the distances, but the ties are so much weaker. Our society has taught us to be the “me generation” or, “better you than me” attitude.The activities that used to draw family and friends together in disasters, has gotten frayed.How does it happen? We are lacking compassion and selflessness. Oh sure…we say we have those chracterisitics, but the very near future will present us with just how much we’ve actually retained.It is said “that when the going gets tough, the tough get going”. The jury isn’t in on that one. By the way…I am not tooting my own horn…I share equally in this as much as anyone.Once again…not doom and gloom….just some of the hard core issues we’ll be facing. God Bless, (or for my athiest friends….you’re blessed too whether you like it or not. :) Thanks again Michael. for this opportunity…..

    • Michael

      You are welcome cerisa.

      I enjoy reading your comments.

      Michael

  • mondobeyondo

    Q. Is the United States doomed?

    A. [Quick review of quadratic equation (a squared plus b squared equals c squared), and… oops, forget the rest. Let’s just stick to quadratic equations and stuff.]

    I hereby submit my final analysis:

    No, we are not doomed.
    Life is hard for countless millions of people.
    Most people do not care about anyone except themselves or their families.

  • Sarah Ringelberg

    I just want to point out that Barak Obama is not the cause of the economic problems in this country. It is WELL documented that the recession began while President Bush was still in office. The economic mess took many many years to get into.

    • Louise in MO

      SARAH ENGLEBYRD

      Barack Obama may not have started the mess, but he certainly has added MUCH fuel to the fire!

      I would rather believe he was and is inept than to believe he did this all on purpose.

      Now that is scary!

  • James Nelson

    I’ve been reading this blog off and on. While I thought it was somewhat informative, it always seemed a bit simplistic to me. This is the first time I have ever read any of the comments. I am amazed. I didn’t think there were this many clueless people who could actually read. Some of the posters here apparently couldn’t get a clue if they were taken to a clue farm and followed the free clue signs.
    Not having a critical thinking module in your head is a great handicap. What is worse is if it isn’t there, regular ignorance turns into belligerent ignorance. I suspect you couldn’t dumb this stuff down enough these people to get it. Anyway, I now understand the writing style.
    As we trundle along the pathway of our ongoing disaster we will a number of those who won’t pay attention sitting along side of the road crying and begging for someone to rescue them and demanding to know why them. Stupidity really is it’s own reward.

  • Nick

    “Since Barack Obama became president…”
    “Since Barack Obama became president…”
    “Since Barack Obama became president…”

    This refrain is humorous considering G.W.B accumulated a mountain of debt himself. I am Canadian and care little about the Democrats or RepubliCONS, but blind American political partisanship is a source of consternation to foreigners. Lets be clear, all the political parties have betrayed the American working class. The economic issues are about class warfare, and nothing else. And know I am not a communist.

    • Louise in MO

      NICK

      You may not be a commuist but you aren’t an American either.

      As such, you aren’t in a good place to make statements about our political parties.

      It all seems “so clear” to those who aren’t where we are.

  • EnlightenedIllumination

    I deliver pizza for Pizza Hut. And let me tell you, I’ve noticed the decline. I have delivered to families who livr in hotels. At first I didn’t think anything of it. Until month aster month I delivered to the same families in the same rooms… Its really sad that the decline is all around us yet ppl refuse to accept reality. Still connected to the matrix

  • Washington

    Court Upholds Domestic Drone Use in Arrest of American Citizen A motion to dismiss charges based on the use of a Predator drone was denied Wednesday By JASON KOEBLER August 2, 2012

    http://www.usnews.com/news/articles/2012/08/02/court-upholds-domestic-drone-use-in-arrest-of-american-citizen

  • VinnyTheBlade

    Whoever said that Obama hasn’t acomplished anything in his first term?

    WHAT AN IMPRESSIVE LIST OF ACCOMPLISHMENTS!…            

    First President to apply for college aid as a foreign student, then deny he was a foreigner.
    First President to have a social security number from a state he has never lived in.
    First President to preside over a cut to the credit-rating of the United States.
    First President to violate the War Powers Act.
    First President to be held in contempt of court for illegally obstructing oil drilling in the Gulf of Mexico.
    First President to defy a Federal Judge’s court order to cease implementing the Health Care Reform Law.
    First President to require all Americans to purchase a product from a third party, a violation of the U.S. Constitution.
    First President to spend a trillion dollars on ‘shovel-ready’ jobs when there was no such thing as ‘shovel-ready’ jobs.
    First President to recommend changing our National Anthem as it portrays and promotes violence and is warlike in its theme.
    First President to cancel the National Day of Prayer Breakfast and activities.
    First President to initiate a Cash for Clunkers Program to clean up exhaust that adds to global warming, then extended it because it was so popular — wasting hundreds of millions of taxpayer dollars.
    First President to abrogate bankruptcy law to turn over control of companies to his union supporters.
    First President to bypass Congress and implement the Dream Act through executive fiat.
    First President to order a secret amnesty program that stopped the deportation of illegal immigrants across the U.S., including those with criminal convictions.
    First President to demand a company hand over $20 billion to one of his political appointees.
    First President to terminate America’s ability to put a man in space.
    First President to have a law signed by an auto-pen without being present.
    First President to arbitrarily declare an existing law unconstitutional and refuse to enforce it.
    First President to threaten insurance companies if they publicly spoke out on the reasons for their rate increases.
    First President to tell a major manufacturing company which state they are allowed to locate a factory in.
    First President to file lawsuits against the states he swore an oath to protect (AZ, WI, OH, IN).
    First President to withdraw an existing coal permit that had been properly issued years ago.
    First President to fire an inspector general of Americorps for catching one of his friends in a corruption case.
    First President to appoint 45 czars to replace elected officials in his office.
    First President to golf 73 separate times in his first two and a half years in office, 104 to date.
    First President to pledge complete transparency while campaigning, then hide his medical, educational,and travel records.
    First President to win a Nobel Peace Prize for doing NOTHING to earn it.
    First President to go on multiple global ‘apology tours’.
    First President to go on 17 lavish vacations, including date nights and Wednesday evening White House parties for his friends; paid for by the taxpayer.
    First President to have 22 personal servants (taxpayer funded) for his wife.
    First President to keep a dog trainer on retainer for $102,000 a year at taxpayer expense.
    First President to repeat the Holy Qur’an and tells us that the early morning Islamic call to worship is the most beautiful sound on earth.

    Now it is up to us Freedom-loving Americans to see to it that he is voted out after his FIRST term. May God bless America again.

    • Joe

      and…..All Verifiable!

    • A.S.

      And it seems out of half of them, each item on its own would justify to impeach him asap. But the American people are stupid and Congress is too bribed by him to act.

  • Ivy Jones

    Jesus taught in the Loaves and Fishes story that all we have to do is to share. It is that simple. Fear drives people to hoard, whether it is food, money (profit), resources. Control and greed come from fear of not having. How much is enough? Its time we the people started challenging the status quo. Too many people fear change. Its time for a change, a big one. We need to demand openness in government, honesty in banking, and loyalty to America. No more jobs outsourced. We need to demand that taxes go first to help us in our daily lives like the Scandanavian countries. We need to get out the vote and promote every day people to run for office instead of voting for the same person with a different face at every level. Maybe a collapse is really a chance for change. The Indigenous people lived on Turtle Island for 10,000 years by living in harmony with the land. This is a philosophy of living we should look at. Community and not taking more than you need.

  • Daniel

    Why the collapse of US economy, and all American just want to focus on a scape goat – Obama, no one want to seat up and evaluate their own spending habit. Why US products is no longer consider as high values or off the right values in the global market. American failed to vote themselves on their own life stewardship – and leave their life for their leaders to help them.

  • Danielle Alexandra

    I took an economics (micro and macro) class in college, the teacher proceeded in ranting profusely like everyone in these comments. He was a big supporter of the upper 1% of the economic class, he claimed it would be detrimental to society to tax the higher income individuals because they are the reason the economy stays afloat in America.

    That seems wrong to me, why should anyone who’s richer be in charge of my well-being? I’m in charge of my health and safety, not the government, not Obama, not the Federal Reserve.

    How much do we really need, America? Why are our children spending money on clothes that say ‘SWAG’ and iPhones that break (or need to be upgraded) in a year? Why are there Americans who own four houses across the nation and only live in one? Why are there families of two or three living in a 8 bedroom home with six cars? Why did they assume they needed all that material and that they could continue to just pay it off for the rest of their lives? Why are there Gold Plated Cars roaming the streets in New York?
    Why are we spending our money buying that flat screen and not a solar powered generator? Why don’t more people have gardens?

    Sure, the statistics have been listed; but how static are those numbers? And where did they come from?

    Blame the government… blame the taxes… I blame myself and I’m going to work to create community and happiness around me, regardless of ‘economic speculation’. That’s what America is all about.

  • T

    The best explanation I’ve seen thus far is in Jerome Corsi’s “America for Sale.”

  • jon

    These 65 reasons that are supposed to put us into another recession are rubbish. We are and have been in a recession for quite some time. We are slowly coming out of it but will take a long time. The president no matter who is in office is not going to change the speed of the recovery. This information is biased since it mentions statistics that are bad specifically with Obama’s name on it, but fails to mention Bush’s name with the bad statistics during his administration which most of these problems on the list originated from. Bush destroyed the Clinton surplus and we have been going downhill since until Obama has “leveled off” the recession. Recessions take a long time to recover from, no president is going to change that in 1 or even 2 terms no matter who they are. Mitt the twit policies will just put us back in trouble.

  • Craig

    The partisan rhetoric is getting old .There are real problems in this country that neither party is addressing .We need a flat tax whether it is a sale tax or an income tax .We need true regulation of the banking and financial industries .We need strict and enforceable immigration policies .We need tariffs on cheap foreign goods being dumped into our markets .We need a strong military that imposes our presence worldwide .We need to make a living wage .We need to have affordable health insurance ,and everyone ,including dependent family members should have health insurance when we work and contribute .Our retirees deserve health insurance and social security ,and if they are getting a pension that should not be taken away by anyone .Lastly we need an economic environment that allows both American businesses and workers to thrive .
    This is not that c

    • stacie

      You should run for office ! I would vote for you!

  • Lou

    This is the first time I’ve been to this website, linked from https://www.facebook.com/pages/Homestead-Survival/189287804456890?ref=stream.
    I’ve read the article and most of the comments and find myself more enlightened as to what is really happening all around us. I will stay off the political nature side of things and just give my brief story.
    My husband and I are perfect examples of a crumbling economy. Just 10 years ago, we had a nice middle class home in the suburbs, hubby worked in the auto retail sales business and I for a major food corporation and things were good. That was when we blindly thought our ‘retirement nest egg’ was in real estate so, bought a vacation rental condo, then a few years later, bought another house for my business ‘rental’ after taking an early retirement to be a new business owner. Helped support and encourage five kids into adulthood, some with college and some into the workplace (where all are doing well to this day.) Things were good so we sold the condo and bought a house on the lake. Things went downhill from there. Hubby’s good paying job was gone as the car industry was one of the first ones hit by the economy, and then lost the business house (and of course, the business – my source of income) to foreclosure. Then we couldn’t keep both houses we were in and as parents were living at the lake house and not wanting to uproot them, sold our home of 19 years and moved to the lake house, too. Those lucrative jobs like we had are non-existent in this area so we now have no savings, no 401ks, no nice cars, and have been fighting foreclosure off and on for a few years, and burdened with business debt. But to this day we are very thankful that we still have a home, food from the garden and money where we can make it, working 4 part time jobs, selling what we don’t need, and hubby working on commission. We’ve again realized that what we once had and thought was normal – 2 nice cars, multiple homes, good savings, 401ks, stuff, (which all comes with a lot of debt) … is NOT necessary to survival and happiness. The facts that we have each other, family, wonderful church friends, good health, and the ingenuity to live on a lot less, makes us very grateful to the Lord for His blessings in our lives including a 10+ year old car that runs and a home that we hope we can stay in.
    My way of thinking has reverted back to when I was a single mom barely making ends meet and am thankful that I know how to cut corners and ‘make-do’. I believe that we’ve been blessed with these struggles as a personal warning so we can begin to prep and purge what is not really needed.
    Our country is in really bad shape, as is most of the rest of the world, because of greed for wealth and power, apathy, and uncaring hearts.
    Thanks to you and others with real issue websites for waking us up to what’s really going on and helping us to prepare for the inevitable. It will not get better, it will get worse but this Bible verse is hope for all who struggle and believe it: Philippians 4:19 “But my God shall supply all your need according to his riches in glory by Christ Jesus”.

    • Vicky

      Lou, I enjoyed reading your story and agree with you wholeheartedly! I loved your point of view and consider you to be ‘spot on’ with your views of this economy and how we all should be grateful for what we have! These are definitely tough times for most hard working Americans and the sloth and apathy of a lot of people is absolutely draining this country. The old phrase “You can draw a horse to water, but you can’t make it drink” comes to mind when we see how many people sit and wait for entitlements to come their way, instead of earning their own, is upsetting. I’m only speaking of the lazy individuals that don’t ‘want’ to work, not those diligently trying to find work. My husband has been layed off three times since ’06 due to the lack of work in his field of Drafting/Design from both Engineering and Architechtural firms. He always finds work again, either in his field or outside of it as he has the willpower to persevere. I pray that he will be able to do so again, as it’s been two month’s since his employer was forced to make budget cuts due to the lack of new business. I pray for all of America that things will get better, instead of the bleak future that appears to be inevitable. Thanks for posting your story, as it is refreshing to read positive feedback from what seems to be reality these days. I wish you Godspeed and all others reading this, as we will prevail if we do as you suggest and rethink our priorities and try to appreciate what we have instead of focusing on what we “used to have”. I just don’t understand how we as a free speech nation have become so full of judgement and “social class warfare” when we ALL are given an equal opportunity to thrive and have religious freedom to excel in our pursuit of happiness. Instead, we seem to have become more of an ‘intolerent’ nation that punishes good behavior: i.e., being successful, making money honestly (and paying taxes on it), or professing your religion (which is your right) just to name a few. I am proud to be an American and have worked consistently for 30 years of my life since the age of 18 and I will, no doubt, continue to work to “make ends meet” just as many others do, for a ;long time to come, (Lord willing). I pray for our Nation every day, as I hope God will take mercy on our souls and forgive us for our many sins. I am not a religious zealot, just a simple person trying to make sense of the world around me. I refer to the Bible for this quote: “Let no corrupt communication proceed out of your mouth, but that which is good to the use of edifying, that it may minister grace unto the hearers.” EPHESIANS 5:29

  • Coral

    This country was founded on the right to prosper. Being rich is not a crime! If you think the so-called “rich” folks are going to give up their lifestyle because they have additional taxes to pay, you are sadly mistaken. Business does not operate that way. A percentage of profit is controlled by expenses. If the profit is decreased, so are the expenses which translates into raising the price of the product or cutting overhead, the largest being payroll. The government is so big, the right had doesn’t know what the left hand is doing. The milking of our nation comes from many directions and until it is controlled, we will continue to spin out of control until it all crashes. Our spoiled nation thinks they are entitled and many use welfare as a way of life. We need to earn what we receive and if that means being poor, so be it. But don’t blame the rich for creating poor folks. Now, if a crime is committed, punishment is in order! By the way, I was raised middle-class and remain middle-class with a small business that is getting harder to run because of taxes, directly or indirectly….they drive the cost of everything up.

  • michael

    this man displays his extreme bias up front by pegging all our problems to the date Obama took office, knowing full well that most of this began well before that and was really accearated during the disasterous Bush years.

  • Virginia Nightengale

    I believe that you are correct. The USA will undergo an economic collapse within the next 1 to 4 years. It is absolutely inevitable because of the massive debt the government is creating and because of all the people who are jumping on the “entitlement bandwagon”. These two things, along with our dwindling job market is making our economy unsustainable, pure and simple. Which is why Obama MUST win this coming election! The last thing we want is for the collapse to happen under a conservative Republican or Independant Party president. I never thought I would ever say this, but if economic collapse IS coming (which it is), why not let it happen under the party that was mostly responsible for causing it? Then, maybe, everyone will remember, at least for the next 20 years or so.

  • Roger

    The signs of the times are all around us. The bible is more up to date than tomorrows news papers. Prophecy is being fulfilled right before our eyes. We are headed towards a one world government, one world monetary system, and one world military.

    The greatest thing you can do is to give your life to Christ 100%. Things are only going to get worse. Without HIM you and I are without hope. Your money, education, and college degrees will not get you into heaven.

    Give your life to Jesus before it is too late.

    • Dan

      Roger, I think your assessment is right on…I have to stop worrying so much about this, that and the other thing and wrap my arms around the fact that Christ said that he would never leave us or forsdake us..Are we headed into more bad times ?…I could see that from twenty miles away. We are paying the piper, so to speak, for decades of ignoring basic rules of finance and debt that our ancestors knew and followed without chipping their teeth about a new truck, a newer house, or the latest gadget coming down the pike.If there is anything I have learned in 56 years on this planet, is that we can not break God’s laws, they are fixed an immutable, we merely break ourselves against them…Kinda roiugh to predict what the country and society will look like after the ”re-set” that is no doubt on the way…Time to clear the decks with Jesus and get your head and heart where they need to be……

  • bas akkerman

    In my opinion this video says it all… http://www.youtube.com/watch?v=qmcyAMT-H3A

  • DailyObserver

    You cannot issue in the New World Order until you level all of the world’s economy. This is what is currently happening. We will soon be enjoying the same living standard as Mexico. Is there anyone left in America that gives enough of a damn to do something about it. The citizens of Iceland took back their nation from the global banksters and corporate oligarchs. Why can’t we? Is it time yet to say RIP America?

  • Gayle Davis

    I appreciate all of your points and I share your concern. However, I question your use of the phrase “Since Barack Obama took office…” in many items, which seems to imply that Obama is responsible. You could just as easily have started each of those sentences with “Following the Bush administration…” without changing your point. In fact, implying that Bush is responsible would actually be closer to the truth, since the economic collapse that became evident at the beginning of the current administration was rooted in events that were well under way as a result of bad management during at least the previous two administrations.

    • Liz

      Can you not see how badly things have gotten since Obama took office??!! I’m sorry but I find it crazy when people can’t see that! He is responsible for more debt than bush and the other presidents combined and he’s not done yet. Since he’s been in office it’s constant gloom and doom all over. Why? Because since him we’ve started losing more rights, acquired more debt, more small terrorist attacks, Chris over sees and he isn’t helping one bit not do I think he knows how! Yes I blame him along with the other dens and even some republicans that are allowing this to happen! I have never felt more uneasy about our country til now, it’s on fast forward with him in office. Westher it’s him, the ones pulling the strings, or both?? I don’t care, it’s since he took office!

  • k

    Blaming only obama(by conservatives) and blaming only bush(by liberals) is unfair.

    Both democrats and republicans took turns screwing the economy.But they want you to believe that its the other side and not them, who is responsible.

    And everything is getting worse since the last one year because america is reaping the consequence of that effect.

  • Johnny Shiloh

    And yet our leaders keep right on spending like there is no tomorrow. Why? And why do the American people not demand fiscal sanity of their law makers? Are they do deluded that they think they will not be left holding the bag, that they will not have to face the consequences of such gross mismanagement of the economy? It’s all a mystery to me. A nation of 300 million just stand by and watch as their politicians dismember their once greatest of nations?

  • http://malaysiandemocracy.wordpress.com/ AgreeToDisagree

    Nonsense. USA could simply distribute all unused land , and tell the people to grow their own crops and build their own houses, raise their own livestock, make their own leather or fur goods, compost their own sewage, collect their own rainwater or dig their own wells. End of problem, everyone gets a few acres. BTW there is no such thing as money. There is no such thing as economy or collapse. Too bad for the plutocracy or corporatocracy though! Even if education was free now, citizens will return to 1400s settler-era America! Citizens please elect ONLY a President or Governor with the above intent. Executive Order 0 (Zero) for land distribution will be that reset button America needs.

  • Steven

    I hate those types of people as well. “oh tra la la everythings all peachy keen in my little world, so its the same way for everyone”. They really piss me off. I am in with the 25 million adult Americans living at home with their parents. Sad to say I have since I graduated high school in 2003. The economy has been a mess alot longer than Obama or Bush has been in office. I know I was out searching for job when Bush was in office. Nothing but low paying service jobs and low paying construction jobs. This was back in 2003. Its no better now, same low paying jobs. No one wants to hire, if they do they use some lame excuse about experience and so on. I get sick of it. People told me to stay in high school and get my diploma because if I don’t I won’t get a good job, now all I can get is the jobs high school drop outs would get. Pushing carts at walmart. The same low paying depression jobs I was faced with in 2003. Its very disgusting how things are.

    But to touch base on something someone else said, no we don’t need a huge massive strong military to enforce our presence around the world. That is part of what has gotten us into this mess. We need a small military, like a small territorial defense force and to end the empire, bring all our troops home and close all the bases around the world. We need to deal with the illgal immigration problem and secure our borders because we can’t afford our own poor people, we can’t afford Mexicos as well. Its not so much as we can’t afford them but our countries government doesn’t seem to want to do anything for our own poor. Also we need to end the foreign aid, we give 3-4 billion to China, 2-3 billion or more to Pakistan, it was said we give 3 million to Israel then it came out that we actually give them 6-7 billion a year in foreign aid. This has to stop. We can not and should not find the zionist jews in Israel. They now want us to fight a war in Iran for them and expend even more money. Its insane! Also we have a wage crisis in the US. Wages have become extremely stagnant. We need to raise the minimum wage to $14-$15 an hour at least $14.50. Wages have not kept up with inflation. The president could easily do this with an executive order and then make it the legal minimum wage in all 50 states with a federal mandate. They should use their power to help us, not hurt us. Of course I am a Ron Paul supporter and was all for his ideas, but we won’t be getting Ron Paul. So we all have to work with the system we are cursed with. We won’t be getting the cut in taxes and the regulations that would spur on the massive insourcing which would cause competition for employment and wage increases. Raising the minimum wage would raise wages across the board.

  • Muzz

    Here in Australia a friend waved me down as I pulled into my driveway and as a kind justure advised me that if my car needs filling up it’s going for $1:35 a litre so get it while it’s cheap. After thanking him I was amazed at how conditioned we all were. Once it was “hey get for a dollar a litre” and soon we will be saying get it for a $1:90 a litre before it goes up again. This goes hand in hand with our ignorance in thinking life will just go on. So what will it take to believe in the coming financial collaps. Perhaps a complete meltdown which will be too late for many.Main stream media are controlled as we all suspect. What I do like about the web is sites like this that try to inform us dummies about the world outside. I guess we were warned.

  • Bob Dickow

    It’s pretty obvious that there is an Obama ‘blame game’ subtext on this site. Obama can not be behind all the problems in Italy, Spain, Greece, Iceland, etc. And he can’t fix it or even be expected to fix it nor can we think he should have fixed it when 99% of his administration’s legislative measures were stonewalled in Congress by conservatives who did so just to sabotage the system and make the Obama administration look like poop. Get real, people. Put on your thinking caps and see things the way there are.

  • jess

    gay gay gay.

  • Anonymous

    The account of Jesus with the loaves and fishes is actually about God Supernaturally Multiplying what we need. If all they did was “share” and “redistribute wealth”, the food would not have gone very far. This is about making wise choices. Depend on God and his Word and Follow His Ways. Defend the Constitution and Freedom. (Oh, and by the way, that means that people you don’t like will also have freedom. Grow up and live with it) Spend less than you have coming in. Don’t favor the rich by devising policies that kill the small business because the rich don’t want competition. Socialism is killing the goose that laid the golden egg.

  • http://obbop.wordpress.com/ obbop

    The USA is in the throes of class warfare.

    BIG government and BIG business are in an unholy alliance to skim immense amounts of wealth from the common folks, you and me and everybody we know, that create the wealth and send that wealth ever-upwards.

    Those atop the socio-economic hierarchy pay off their lackeys; politicians and others, who assist the elites in the class war.

    Voting at the federal level is a farce. The elite- and corporate-owned federal government can not be changed within the present system.

    Only a full-scale military coup by a patriotic officer corps can re-create the present systems used to enslave We, the People.

    The old must be destroyed to allow us to start anew.

    If not done we remain economic slaves to the ruling masters until the USA is a true oligarchy.

  • Jihaddosenotmeanholywar

    Obama is not in power. His administration and his campaign contributors are. Obama is a front man or “puppet” if you will. I believe Obama was very sincere during his campaign of all the things he promised, but then realized will serving in office that he really is not in control. Obama has three opposing sides to him – 1. Congress (still racists) still don’t like the fact that a black man is in the President seat, even though majority of them know that he is just a front man. Yes, America is still racists and your blind if you think otherwise. 2. His administration that I am sure he though was on his side, but later turned on him and started telling him what to do and there are rumors that they have threaten him. 3. His campaign founders – Obama is in debt himself to some very powerful corporations, indeed, so powerful they have what it takes to change birth certificates amongst other things. Keep in mind that the United States Government has been bought and sold by the banks/corporations and has been this way since Andrew Jackson when the Federal Reserve was put back in power over the financial system. Andrew Jackson was the Federal Reserve.

  • Katerina Meramveliotaki

    George W Bush started printing money and that was continued by Obama. Now it is difficult to stop without causing serious problems.

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