The Beginning Of The End
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One Piece Of Moderately Good Economic News And 14 Pieces Of Bad Economic News That Are So Horrifying You Might Not Want To Read Them Standing Up

Today the financial world was buzzing with excitement because there was one moderately good piece of news for the U.S. economy.  U.S. employers added 151,000 jobs during the month of October and the unemployment rate remained unchanged at 9.6%.  This is certainly welcome news, but these days it seems as though there are at least ten pieces of bad economic news for every hopeful economic signal.  So don't get fooled when the U.S. economy takes one step forward, because it is about to take another dozen or so steps backwards.  We are living in the middle of a nightmarish long-term economic decline that has been building for generations.  The deindustrialization of the United States, the horrific trade deficit caused by globalization and the skyrocketing national debt are problems that have taken decades to develop.  The Federal Reserve has been ripping the guts out of our financial system since 1913.  These are not things that are going to be fixed overnight.  In fact, there are some statistics that just keep getting worse and worse and worse as time goes by.  We are heading straight for a devastating economic collapse and hopefully we can all warn as many people as possible while there is still time.

The more research that you do into our economic situation the more depressing it becomes.  We are in big, big, big trouble.  The following are 14 pieces of bad economic news that are so horrifying you might not want to read them standing up....

#1 More than 42 million Americans were on food stamps during the month of August.  That is a new all-time record, and that number is 17 percent higher than it was one year earlier.  In fact, the number of Americans on food stamps is up more than 58 percent since August 2007.

#2 The number of "persons not in the labor force" in the United States has set another new all-time record.  The United States has not had such an extended bout of mass unemployment since the Great Depression.  The "official" unemployment rate in the United States has been at nine and a half percent or above for 14 consecutive months.

#3 More than 1000 people now live in the 200 miles of flood tunnels that exist under the city of Las Vegas.  Once one of the most prosperous cities in the United States, Las Vegas is now little more than a shiny, glittering corpse that it rapidly decaying.

#4 Poverty is absolutely exploding and it is hitting those who are the most vulnerable the hardest.  According to one recent study, approximately 21 percent of all children in the United States are living below the poverty line in 2010.

#5 In the past 60 days alone, the price of cotton is up 54%, the price of corn is up 29%, the price of soybeans is up 22%, the price of orange juice is up 17%, and the price of sugar is up 51%.

#6 One out of every six Americans is now enrolled in at least one anti-poverty program run by the federal government.

#7 The American Bankruptcy Institute says that there will be about 1.6 million consumer bankruptcies in 2010.  That would represent a huge increase over 2009.

#8 According to one recent survey, 28% of all U.S. households have at least one member that is looking for a full-time job.

#9 The individual U.S. states are mostly flat broke.  For example, it is being reported that the 15 largest U.S. states spent on average over 220% of their tax receipts over the past decade.  Clearly this is not even close to sustainable.

#10 The U.S. government is completely and totally broke.  After analyzing Congressional Budget Office data, Boston University economics professor Laurence J. Kotlikoff concluded that the U.S. government is facing a "fiscal gap" of $202 trillion dollars.

#11 In an attempt to keep our financial system solvent, the U.S. Federal Reserve has announced plans to create $600 billion out of thin air and pump it into the U.S. economy.  The Fed is calling this "quantitative easing", but what they should really be calling it is "cheating, debasing and inflating".

#12 Many of the major trading partners of the United States are expressing deep resentment regarding the new quantitative easing policy announced by the Fed.  Ambrose Evans-Pritchard recently described the growing animosity this way....

Li Deshui from Beijing's Economic Commission said a string of Asian states share China's "deep bitterness" over dollar debasement, and are examining ways of teaming up to insulate themselves from the tsunami of US liquidity.

#13 For many analysts, the economic collapse of the United States comes down to cold, hard math.  For example, the former CEO of the tenth largest bank in the United States says that it is a "mathematical certainty" that the U.S. government will eventually go bankrupt.

#14 According to a recent article on CNBC, the financial world is already buzzing about QE3....

"They're already talking about QE3," said Dave Rovelli, managing director of US equity trading for Canaccord Adams. "Eventually we're going to be printing so much money the dollar is going to really go down and everybody's going to try to deflate their currency against us. I just don't know how this could end well."

So is that all the Federal Reserve has left?

Are they just going to keep pouring bags of money into the economy until things get back to "normal"?

Are we going to have "Quantitative Easing 3", "Quantitative Easing 4", and "Quantitative Easing 5"?

It has been a long-running joke, but perhaps by the end of this thing Ben Bernanke will literally go up in a helicopter and start shoveling out huge piles of cash over the countryside.

The era of great prosperity that we have all enjoyed for so long is coming to an end.  It would be advisable to use the remaining period of economic stability that we still have to prepare for what is ahead.

These economic problems could have been fixed decades ago if people would have actually listened and would have followed sound economic principles on an individual and on a corporate level, but that did not happen.

Now we are up to our eyeballs in debt and the greatest economic machine in history is rotting all around us.

We are in deep, deep, deep trouble and denying it is not going to make it go away.

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  • Lynn D.

    Don’t blame the bankers? You must be a shill or a product of the government controlled school system and phony left/right Jackass vs. Pachyderm charade.

    “Socialism needs two legs on which to stand; a right and a left.While appearing to be in complete opposition to one another,they both march in the same direction.” — Paul Proctor

    The banks caused this financial crisis but you wouldn’t know judging from what the mugs in government are saying. Virtually every act is aimed at penalising the poor and victimising them simply for existing. There are two ways to enslave a nation – by force or by debt. This seems like a healthy combination of the two. Taking resources away from people who manage their resources well (as evidenced by the fact that the amount of stuff they have always seems to be growing) and giving those resources to people who don’t manage their resources well (as evidenced by the fact that the stuff they have always seems to be turning to trash) only serves to continually redirect resources away from creative activity towards destructive activity. Everything is pre-scripted. Secrecy and back room deals substitute for a free, fair and open process. Party bosses chose candidates. Big money owns them. Key outcomes are predetermined, and cheated voters get the best democracy money can buy, each time no different than others.
    Americans are not noted for their independence of thought – Fox “News” tells them what to think. As Eustace Mullins said, the Rothschilds own the Dissent, too, and thus control it. There’s no doubt that when an “opposition” group (such as the tea party) gets coverage in the media and doesn’t get totally tarred and feathered, it means that the group is fake. Inflation is the “painless” method through which the Federal Reserve has decided this country will commit suicide. It is like turning on the car in the garage and letting the carbon monoxide slowly put you to sleep. The ruling elite are content that the American public is dumbed down by the government run public schools. They count on the fact that 9 out of 10 Americans do not understand inflation. It is an insidious scheme of robbing the working middle class and funneling it to the Wall Street/K Street ruling class. The Federal Reserve has gotten bolder in the last few years as they realized the public doesn’t understand or care what they do. No one in the Tea Party leadership—and very few of the rank and file—are hollering: “Cut military spending; stop these futile, unnecessary wars; bring our troops home from the 130 countries overseas where they are stationed!”
    the gullible of the Tea Party faithful actually believe the laughable myth that 19 inept Arabs and a shadowy genius mastermind walking on a cane and living in a cave, Osama bin Laden, did 9/11 and that “domestic terrorists” surround us and are on every street corner. The Tea Party Republicans—most of whom worshipped and adored President George Bush and Vice President Dick Cheney—have no problem with the tens of billions of bucks thrown to the winds each year in building up a Big Brother Police State. They agree with the unAmerican idea of giving up freedoms in exchange for protection from the “mean, old terrorists.”All the elites need to do is say the word “terrorist” and the American people will lick their boots.
    What a joke. Ignorance is the opiate of the masses. Knowledge IS power. Two current wars based on lies, deceit, political agenda, and willful misuse of words and now we see the punishment; America is collapsing from within. The privately owned Federal Reserve makes its own rules. Everything they do is a state secret. You cannot resurrect an insolvent country in a system that is corrupt. The controllers of the US economy are about to lead the American economy and financial structure into a great dark pit. The US and the world is soon to face a global breakdown deliberately engineered by the forces of darkness.
    They are purposely trying to push though tons of foreclosures to collapse our market and destroy our government Just like when President Andrew Jackson had to close the central bank and he sighted similar reasons for doing it because the banks where attempting to control our government though currency.

    “The drive of the Rockefellers and their allies is to create a one-world government combining supercapitalism and Communism under the same tent, all under their control…. Do I mean conspiracy? Yes I do. I am convinced there is such a plot, international in scope, generations old in planning, and incredibly evil in intent.” Congressman Larry P. McDonald, 1976, killed in the Korean Airlines 747 that was shot down by the Soviets

    “Let me control a peoples currency and I care not who makes their laws…” Meyer Nathaniel Rothchild in a speech to a gathering of world bankers February 12, 1912.The following year, we subscribed to the “services” of the newly incorporated Federal Reserve, headed by Mr. Rothchild.

    “If we turn our monetary system over to the bankers our children will wake up as slaves in the country we fought to free”.Thomas Jefferson

  • Joe The Printer

    Yep, not pretty. The only short term hope for the markets is a weak USD, which is a disaster worse than crashing indices. Looking like primary and alternate counts all point down for the stock markets.

  • TV Truther

    I’m a Tv Truther, people who believe the TV and have millions of members in my TV Truther movement, just go along with the OBama Bush kool-aid and it will all be just fine, i’m unemployed and am just happy to be on teh library computer.

  • Teknikid

    Get rid of that open checkbook called The Federal Reserve, and you will reverse the tide of treason, fraud and debauched currency in this nation. Isn’t a century of fraud enough? Shut that bank down, and its collection agency known as the IRS, and get back to sound money. A federal reserve note is not a “dollar,” it is a liability.

  • http://jeffrense john

    Don’t tell me the bible predicted this rush to the mark of the beast.This world is about to be plunged into the arms of the great imposter.The marrage of state and religon won’t be pretty.All an illusion you say?

  • AdiosAmigos

    The last rays flicker away from a weak morning sun
    And we commence the day considering the selfish trash we`ve done

  • Paul

    Dave (3.23am). You are truly missing the point if you think that this is simply about having voted for the wrong Party and the “something for nothing crowd”. There’s a little more to this than FOX Talking Points.

  • http://WBDM Joe in JT

    Imagine playing the game Monopoly. One guy passes out the reality deeds, one guy is in charge of the green houses and red hotels. Most important of all is the person in charge of the money, the banker! Now just imagine you are playing Monopoly and that banker happens to be Ben Bernanke. Sitting over his shoulder is Tim Guitner giving helecopter Ben advice.
    It’s not Bernanke’s day and the only realistate he owns is Baltic Ave and Atlantic. Ben even lands in jail a few times and the railroads he keeps hitting is draining his money. Soon he runs out. With the advice of Timmy (I only dress up like a girl on Fridays) he suggests Ben take new money that Timmy was hiding behind his back. Wow free money, COOL! Ben say’s. After about three rounds of this bullshit quantitative easing Ben and Tim are pulling on the other players, one player named Chan-We-Hoe (the Chinese guy) says I’ve had just about enough of this and quits! But when the Chinaman quits instead of giving back all the loot he had gained he keeps it! Wow says Ben I didn’t plan on the Chinaman quiting the game, we are screwed. Timmy says “yup”.

  • Craig

    @CjfYuma Ya the smug Canadiens like MyLegacy will be in for a rude awakening. Last I heard the single biggest employers in Canada for men is trucking and sales clerks, if our economy goes, there goes many of those jobs and many of their exports. Guess there will be no more driving down to the states to escape that icebox eh? ya hosehead!

  • m

    Corrupt politicians have taken $million$ in the form of “campaign contributions” from lobbyists, corporations, special interests, foreign governments and rich crazies to betray the American people. The constitution says that to make another government more important than America is TREASON. Since they gave all the jobs to the Chinese, Indians, Mexicans etc etc, and we go to war for Israel, our politicains are TRAITORS.

  • m

    Store food, drink, meds and supplies. Do it NOW. Hide them and be quiet about it.

  • hanging_chad

    all of the above plus the fact that the elections are rigged so the tools of the elite always get voted back in…..ever thought of that ?

  • Ted Gray

    “Give us this day our daily bread”
    is what I plan to do

  • vagn

    Sun gazing is the answer: Check out HRM’s videos on youtube.

  • Ana

    Mondobeyondo – If our economy collapses so does Chinas’, the #1 importer of goods to the US; not to mention all the US debt they hold. No one in this country will be buying their shyte anymore, nor will we be able to repay them, no matter how high they raise the interest rate on that debt. I have no doubt that the collapse of the US dollar is an intentional act.

  • http://TheEconomicCollapse dwk406

    I would like to know who is the author of Economic Collapse, what credentials he or she has. Who is this “I” in the articles?

  • writerfool

    BRUCE, honestly, do you really think everyone on government assistance is a slaker? some with mentall disorders, needing medication. others with physical disabilaties, also needing medication?… they live entirely on that money..not that much ,i assure you.
    what are we to do with all of these ‘slackers’. let them starve, live in the streets, go starke raving mad.. some WILL ,without meds.
    what is your brilliant idea on what to do with these people when their aid is stopped. which, not so far fetched, as texas is talking about doing this this year.

  • Red Man



  • robertsgt40

    But, but, but Omama said the recession ended over a year ago. We’re just in a slowed recovery cycle

  • Nick

    Eli Wiesel you are a scumbag piece of **** PIG. You are the exact reason that the economy is in such bad shape. You don’t deserve any bonus, you should be putting $50 million into the economy instead of taking it out.

  • Rajun Cajun

    This group is actually protecting people from the Banksters. Yep a real time financial shield that blocks banksters. Gotta love it.

  • Steve Edward

    It’s odd, but it’s very hard to believe that this melt down is happening by happenstance.

    The U.S. is, or was, full of the world’s best and brightest. It’s hard to accept the behavior of the best and brightest is not much better than the worst and the dumbest.

    Is that what the data telling us? The Best and The Brightest of the World are really the Worst and The Dumbest?

    So, if that is difficult to believe. Perhaps there is another explanation? Perhaps The Best and The Brightest know exactly what they are doing. Perhaps someone, or some group (maybe the best and brightest) are benefiting from the fiasco.

    How these benefits can accrue to them is hard to determine from this vantage point.

    After all, I’m not one of The Best and The Brightest.

  • Phil Miska

    Here’s an easy way to pay down the “debt”:
    eliminate the tax free status of foundations & 501c3′s. Soros, Ford, Carnegie, Kennedy, etc. pay NO taxes because their money is hidden in these foundations. These same foundations all get our tax money in the form of government grants and they then use our money to lobby against us for more big government contracts, union jobs, & kickbacks. If you go to church nowadays your probably going to a phony church, in reality a government 501c3 corporation castrated by law so they cannot preach the same gospel our country’s founders heard. There would have been no uprising if the churches back then didn’t rebel against the state church. Your church has probably been infiltrated by the Jesuit communists since the sixties. Does your church have homosexual pastors? Does your church preach the social gospel or the green gospel? Does your church worship God in fear & reverence or have coffee klatsches?
    How about drums & dancing & rock music & clowns & hypnotists & parties & movie nights?
    Do they teach that you can do what you please and God will still save you? Do they teach God’s commandments “nailed to the cross” or “written in your heart?” Do they worship the Beast’s holidays or God’s Holy Days? Sun-day, Christ-mass, Ishtar Sun-rise service, Halloween, “Saints” Dyonisis & Bacchus? 40 day of weeping for Tammuz, (Lent?) God calls these things ABOMINATIONS! Read Jer. 10=3,5,8-15. Ez.8=5,6,14-16. Is.66=22-24
    Notice that above I wrote “debt’ in quotes because we are not borrowing money! The Federal Reserve is NOT Federal & there are NO reserves! It is 51% foreign owned & was specifically created by banking families to usher in the NWO. When we “borrow” money the fed writes a journal entry and creates the amount out of thin air! But we are duped into repaying real money (our blood, sweat, tears & life’s work) to these bankers along with interest for the privilege of being duped! Another way to solve this “debt” crises is for congress to print its OWN money, interest free, & tell the international bankers where they can stick their “debt!” Of course this will never happen because the politicians are beholden to these same bankers & foundations for their money & support. Goldman-Sachs has more influence than your vote does. There is a revolving door between these banks & foundations & the government Timothy Geitner, Robert Rubin, etc. Only 2 presidents have done this in the past= Lincoln & Kennedy.(wink, wink.)
    Google the CFR (Council on Foreign Relations) and the Bilderbergers & look at their members & you’ll see who’s really running the country. Some of our supreme court justices are even members along with all the usual suspects of the NWO corporate heads & politicians.

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