The Beginning Of The End
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Rampant Unemployment = The Death Of The Middle Class – 40 Facts That Prove The Working Class Is Being Systematically Wiped Out

Without an abundance of good jobs, the middle class in the United States is going to shrivel up and die.  Right now, rampant unemployment is absolutely killing communities all over America.  Hopelessness and poverty are exploding and many are now wondering if we are actually witnessing the slow death of the middle class.  There simply are not nearly enough “good jobs” to go around anymore, and even many in the mainstream media are referring to this as a “long-term structural problem” with the economy.  The only thing that most working class Americans have to offer in the marketplace is their labor.  If nobody will hire them they do not have any other ways to provide for their families.  Well, there is a problem.  Today wealth has become incredibly centralized.  The big corporations and the big banks dominate everything.  Thanks to incredible advances in technology and thanks to the globalization of our economic system, the people with all the money don’t have to hire as many ordinary Americans anymore.  They can hire all the labor they want on the other side of the globe for a fraction of the cost.  So the rich don’t really have that much use for the working class in America anymore.  The only thing of value that the working class had to offer has now been tremendously devalued.  The wealthy don’t have to pay a lot for physical labor anymore.  Thousands of our factories and millions of our jobs have been shipped overseas and they aren’t coming back.  The big corporations are thriving while tens of millions of ordinary Americans are deeply suffering.  Almost all of the wealth being produced by our economy is going to a very centralized group of people at the very top of the food chain.  The rich are getting richer and the working class is being systematically wiped out.

So the fact that we are facing rampant unemployment that never seems to go away should not be a surprise to anyone.  Today, the “official” unemployment rate went up to 9.2 percent even though a whopping 272,000 Americans “dropped out of the labor force” in June.  The government unemployment figure that includes “discouraged workers” went up from 15.8% to 16.2%.  The mainstream media is proclaiming that this was “a horrific report” because most economists were expecting much better news.

Well, guess what?

Things are going to get a whole lot worse.

More job cuts are coming.  One recently released report found that the number of job cuts being planned by U.S. employers increased by 11.6% in June.

It is also being projected that state and local governments across the U.S. will slash nearly half a million more jobs by the end of next year.

Needless to say, things don’t look good.

Most people that still have jobs are desperately trying to hold on to them.

Employers know that most workers are easily replaceable these days, so wages are not moving up even though the cost of living is.

We are right in the middle of the worst employment downturn since World War 2.  Jay-Z recently summed up the situation this way….

“Numbers don’t lie. Unemployment is pretty high.”

Jay-Z certainly has a way with words, eh?

If something is not done about the rampant unemployment in this nation, the death of the middle class will accelerate.

Most Americans just assume that the United States will always have a large middle class, but there is no guarantee that is going to happen.  In fact, there is a whole lot of evidence that the middle class in America is rapidly shrinking.

Take a few moments to read over the facts compiled below.  Taken together, they provide compelling evidence that the working class is being systematically wiped out….

#1 Right now, the U.S. government says that 14.1 million Americans are unemployed.

#2 There are fewer payroll jobs in the United States today than there were back in 2000 even though we have added 30 million people to the population since then.

#3 The number of Americans that are “not in the labor force” is at an all-time high.

#4 The United States has never had an employment downturn this deep and this prolonged since World War 2 ended.

#5 There are officially 6.3 million Americans that have been unemployed for more than 6 months.  That number has risen by more than 3.5 million in just the past two years.

#6 It now takes the average unemployed worker in America about 40 weeks to find a new job.  Just check out this chart….

#7 There are now about 7.25 million fewer jobs in America than when the recession began back in 2007.

#8 Back in 2000, the employment to population ratio was over 64 percent.  Today, it is sitting at just 58.2%.

#9 Only 66.8% of American men had a job last year.  That was the lowest level that has ever been recorded in all of U.S. history.

#10 During this economic downturn, employee compensation in the United States has been the lowest that it has been relative to gross domestic product in over 50 years.

#11 The number of “low income jobs” in the U.S. has risen steadily over the past 30 years and they now account for 41 percent of all jobs in the United States.

#12 Half of all American workers now earn $505 or less per week.

#13 According to a report released in February from the National Employment Law Project, higher wage industries are accounting for 40 percent of the job losses in America but only 14 percent of the job growth.  Lower wage industries are accounting for just 23 percent of the job losses but 49 percent of the job growth.

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

#15 Between December 2000 and December 2010, 38 percent of the manufacturing jobs in Ohio were lost, 42 percent of the manufacturing jobs in North Carolina were lost and 48 percent of the manufacturing jobs in Michigan were lost.

#16 Back in 1970, 25 percent of all jobs in the United States were manufacturing jobs. Today, only 9 percent of the jobs in the United States are manufacturing jobs.

#17 Do you remember when the United States was the dominant manufacturer of automobiles and trucks on the globe?  Well, in 2010 the U.S. ran a trade deficit in automobiles, trucks and parts of $110 billion.

#18 In 2010, South Korea exported 12 times as many automobiles, trucks and parts to us as we exported to them.

#19 The United States now spends more than 4 dollars on goods and services from China for every one dollar that China spends on goods and services from the United States.

#20 Since China entered the WTO in 2001, the U.S. trade deficit with China has grown by an average of 18% per year.

#21 The U.S. trade deficit with China in 2010 was 27 times larger than it was back in 1990.

#22 The United States has lost an average of 50,000 manufacturing jobs per month since China joined the World Trade Organization in 2001.

#23 In 2002, the United States had a trade deficit in “advanced technology products” of $16 billion with the rest of the world.  In 2010, that number skyrocketed to $82 billion.

#24 Manufacturing employment in the U.S. computer industry was actually lower in 2010 than it was in 1975.

#25 Since 2001, over 42,000 manufacturing facilities in the United States have been closed.

#26 There were more manufacturing jobs in the United States in 1950 than there are today.

#27 Since the year 2000, we have lost approximately 10% of our middle class jobs.  In the year 2000 there were about 72 million middle class jobs in the United States but today there are only about 65 million middle class jobs.  Meanwhile, our population has gotten significantly larger.

#28 When you adjust wages for inflation, middle class workers in the United States make less money today than they did back in 1971.

#29 One recent survey found that 9 out of 10 U.S. workers do not expect their wages to keep up with soaring food prices and soaring gas prices over the next 12 months.

#30 Only the top 5 percent of U.S. households have earned enough additional income to match the rise in housing costs since 1975.

#31 One out of every six elderly Americans now lives below the federal poverty line.

#32 According to one recent study, approximately 21 percent of all children in the United States were living below the poverty line in 2010.

#33 Back in 1965, only one out of every 50 Americans was on Medicaid.  Today, one out of every 6 Americans is on Medicaid.

#34 As 2007 began, there were 26 million Americans on food stamps.  Today, there are more than 44 million Americans on food stamps, which is an all-time record.

#35 Today, one out of every four American children is on food stamps.

#36 59 percent of all Americans now receive money from the federal government in one form or another.

#37 The number of Americans that are going to food pantries and soup kitchens has increased by 46% since 2006.

#38 In the United States today, the richest one percent of all Americans have a greater net worth than the bottom 90 percent combined.

#39 According to Moody’s Analytics, the wealthiest 5% of all households in the United States now account for approximately 37% of all consumer spending.

#40 The poorest 50% of all Americans collectively own just 2.5% of all the wealth in the United States.

The cold, hard reality of the matter is that the United States is experiencing a long-term economic decline.

Every single day, more American families fall out of the middle class and into poverty.  There are millions of American families out there tonight that are just barely hanging on by their fingernails.

More Americans than ever are constantly borrowing more money just to stay afloat.  Even as rampant unemployment plagues this nation and even as wages remain stagnant, middle class Americans are increasing their use of credit.

A CNBC article noted the increase in consumer borrowing that we have seen recently….

The Federal Reserve says consumer borrowing rose $5.1 billion following a revised gain of $5.7 billion in April. Borrowing in the category that covers credit cards increased, as did borrowing in the category for auto and student loans.

It is very hard to live “the American Dream” without going into huge amounts of debt these days.

But for an increasing number of Americans, “the American Dream” is just a distant memory.

Tonight, there are large numbers of people living in the tunnels under the city of Las Vegas.  As the wealthy live the high life in the casinos and hotels above them, an increasing number of desperate “tunnel people” are attempting to carve out an existence in the 200 mile long labyrinth of tunnels that stretches beneath Vegas.  It is a nightmarish environment, but it is all those people have left.

Don’t look down on them, because you never know who might be next.

If you lost your current job, how long would you be able to survive?

Unfortunately, as bad as things are now, the reality is that this is just the beginning.

You ain’t seen nothin’ yet.

Do what you can to make sure that you and your family are not totally wiped out by the next wave of the economic collapse.

  • Mookie

    Hey idiot rich guys:

    So when all the middle class are in poverty, who’s gonna buy your shit anymore? The Chinese? I think I just died laughing.

    • http://vietnamview.org Steady Footsteps

      I live in Da Nang, Vietnam and there’s a brand new Chevy dealership right down the road from me and loads of spanking new cars on the road. Seen any new Chevy dealers in your neck of the woods lately?

    • moses737

      Yes Mookie – the International Bankers/Illuminati doesn’t care who buys their stuff. Actually, once they have total control over the whole world; they will be living like gods and kings for a very short time. And then; after they have martyred most of Gods people who wouldn’t take their mark of the beast chip; then God will send down His mighty plagues upon them for 42 months of hell on the Earth. And even their trillions of dollars of stolen wealth from the nations won’t be able to secure them and help them.

      • Gary2

        WTF???We need solutions not sci fi…no wonder we are so screwed. Back in the real world…

        • moses737

          Sorry Gary. There aren’t any solutions. Other than to submit to the International Bankers/Illuminati devils and join their wicked and coming evil empire. Where they will eventually make you take their zombie making and mind controlling mark of the beast chip in your forehead or hand. And then you will be their brainless zombie slave.

          And that will be their grand finale. And this Mark (chip) will eventually cause you to worship and serve Satan and his antichrist beast leader. And according to Revelation 14:9-11, if you take their chip; you will be tormented 24/7 in hell, because by taking it, it will mean that you have joined and sided with Satan and his antichrist beast leader and their One World Luciferic Government, beast system.

  • RootCauses

    All this and not one word about immigration, either legal or illegal. Nothing about union intransigence and the stifling effect of government regulation that increases the cost of production. But you scarcely get five sentences into any blog post without mentioning banks and corporations.

    I abhor the never-ending creep of fascism as much as anybody, but it seems like you kinda have blinders on, fella. There’s another story you can tell alongside the one about American payroll jobs being lower than they were in 2000…that’s the story about how foreigners are picking up jobs while the native-born unemployment rate continues to climb.

    • Michael

      I have written extensively about illegal immigration and government regulation in the past too. :)

      Michael

    • moses737

      Immigration is just one of the five things that the International Bankers/Illuminati are using to destroy our Great American Empire. The other 4 are a lack of credit that is available. The inflation of our food and the high gasoline prices that are draining more of our disposable income. And the trade deficit with China. And the out-sourcing of Ameridcan jobs; which leads to the deindustrialization of America. And these unnecessary wars; that are costing us 100’s of billions of dollars.

    • fedup

      If you really want to see how bad illegal immigration has ruined our country’s economy, just read some of these threads and weep.
      http://www.city-data.com/forum/illegal-immigration/

  • Gary2

    Rep. Paul Ryan (R-WI), a leading advocate of shrinking entitlement spending and the architect of the plan to privatize Medicare, spent Wednesday evening sipping $350 wine with two like-minded conservative economists at the swanky Capitol Hill eatery Bistro Bis.

    http://tpmdc.talkingpointsmemo.com/2011/07/rep-paul-ryans-pricey-pinot-noir.php

    And this is the guy the republicans love. No wonder he needs to throw grandma out of the nursing home-he and his rich friends need the money for more $350 bottles of wine. Every scumbag repube is on record for supporting his path to poverty plan.

  • Maria

    “Do what you can to make sure that you and your family are not totally wiped out by the next wave of the economic collapse.”

    How many of us are really in a position now to do that?

    Recently, a friend told me the #1 reason people don’t pay attention to what is happening in this country is because they can’t do anything about it. They know Congress isn’t listening, so they give up on politics. If they have a new job, it brings in about half of what they made in their old job. If it is an old job, they haven’t had a pay raise in three years or more. They barely make enough to pay for necessities now…much less stocking up. The distractions are the only thing keeping them from losing it. Too many expect their families will be homeless or hungry or both in the next year. We won’t even talk about their medical needs.

    If anything is going to change for the better in this country, it better happen soon. Any more bad news, and it could end up being a free for all.

    • Gary2

      “If they have a new job, it brings in about half of what they made in their old job.”

      Maria-after growing the store 119% in one year and a lot of hard work I just got a .25 raise per hour. These employers are getting a lot of talent for nothing. I’m told that’s the best they can offer and thanks for all your hard work. I can’t pay my mortgage with their “thanks” or pay for gas by telling the attendant that my company thanks me.

      BTW-the CEO retired and the company paid him 1.5 million golden parachute in addition to a six figure yearly very part-time consulting gig.

      WTF-Were told only .25 because the company is struggling yet this guy got all that money???

      And people even need to ask why I always say tax the rich and spread the wealth.

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

    It’s sickening. And I now wonder, has this been done purposefully? To deliberately create a larger gap, a larger underclass for the benefit of the wealthy?

    I want to start a shaming/boycott campaign to bring visibility to this message:

    Labor outsourcing is UNPATRIOTIC. American companies need to hire American workers!

    • moses737

      Yes Optimist. But when you say more American workers; and to buy American; the new world order ran news media will start calling you an isolationist or just a plain cold racist. You don’t want to be called that do you?

    • moses737

      Yes Optimist. But when you say more American workers; and to buy American; the new world order ran news media will start calling you an isolationist or just a plain cold racist. You don’t want to be called that do you?

      • moses737

        Forgive me again Michael. How did I get 2 of these?

    • Gary2

      see usuncut movement. this would dovetail nicely into your cause.

      http://www.usuncut.org/

  • Yhird

    It’s not difficult to understand why this has happened. It’s actually quite simple. The U.S. has never imposed restrictions on the outsourcing of American middle class jobs to foreign countries, many of whom are unfriendly to say the least. Congress even refuses to secure our borders despite the clear and present economic and security threat open borders creates. It’s like leaving your front door unlocked in a crime ridden city while you sleep at night with a sign on the front lawn that reads “Mi Casa Su Casa”. Most foreign countries on the other have long standing economic barriers in place to keep jobs within their borders and the cheap labor to attract new economic investment. Such a disparity in “economic loyalty” can only be enabled by U.S. based multi-national corporations and the political prostitutes they pay for with huge re-election funds and palatial perks. As long as this political/economic disparity is allowed to persist, there is no tomorrow for the U.S. middle class.

    • moses737

      Yes Yhird but this is a diabolical plot of the International Bankers/Illuminati new world order devils; who don’t want to secure our border; and don’t want to stop the off-shoring of our jobs; and who don’t want America to prosper but to totally fall and fail economically. So they can replace our Constitutional Republic with their Luciferic One World Fascist/Communist/Plutocratic/Oligarchy.

      That way; you will all be their slaves and will eventually worship Satan and his antichrist beast leader, because they will force you to take their mark of the beast chip in your forehead or hand. And this Mark (chip) will turn you into thei zombie slave. And that chip will curse you to hell, 24/7, because it will mean that you worship and belong to Satan; according to Revelation 14:9-11.

  • Nexus

    A major global conflict is coming as the current band of idiots have painted themselves into a corner with no way out.

  • http://www.youtube.com/safearmsreview SafearmsReview

    Its statistics like these that show the importance of prepping. Its sad that our country was THE world leader but when you bend your knee to greed, corruption & debt you see what happens.

    Thanks for posting & God bless, Steve

  • unintended consequences(?)

    Who will pay the taxes and pay for all the entitlements?

  • patriot Alice

    In the 70’s I was making about $10 an hour as a computer operator, with a family. Unionized employees at a ship building company in the USA were making $23+ an hour went on strike demanding more….I remember thinking,”I wouldn’t go on strike if I were making $20+ an hour, I’d be grateful”..The ship building company shut down, and moved overseas…GET IT? 40 years later you still wondering why companies leave? I don’t blame them…

    • John B.

      Unions, lawyers, government (OSHA, EPA, etc.), have worked very well together to destroy US industries. Move offshore or be shut down, that’s the deal. Now government wonders why they can’t pay their bills.

    • moses737

      Good point Patriot Alice. But at the same token; the International Bankers wanted the union workers to do this anyway. And the union workers played right into their evil and conniving hands. The Union workers probably had International Banker/Illuminati spies and operatives that made them strike and lose their jobs. These devils think out side of the box. They are always planning and plotting the demise of the Great American Empire and they want few people having great paying jobs. As they want to destroy our way of life so that they can force us into their One World Luciferic Government and Economy and Religion.

  • mondobeyondo

    If you think your advanced degree or experience will save you, think again.

    Case in point: There will be thousands of unemployed NASA workers, due to the end of the shuttle program. People with advanced degrees in science, physics, chemistry, etc., and years of experience. People who helped build and operate the most complex machine mankind has ever created. When the shuttle Atlantis lands in a couple weeks, the pink slips will begin to land as well.

    So where are these people going to go now? McDonald’s? Red Lobster? Or the ultimate tragedy – going from “3,2,1, liftoff!” to – “Hi, welcome to Wal-Mart!”?!?

    Pick a number, brother, and step in line with the rest of us unemployed people. As President Clinton would say, “I feel your pain”.

  • patriot Alice

    The middle class, has wiped out the middle class by being too greedy. When the employees have the power to shut down businesses that hard working courageous people start, then no business can survive…The Unions can’t start businesses,they only know how to destroy them….It’s like a person with no skills, trying to make a living by killing people who have skills….

    • erdosain

      Of course, it’s not like there’s greedy and exploitative bussinessmen, that’s never, ever happened…

      • John B.

        For profit businesses are for profit. If an employee doesn’t like working there, or wants to run the show fine – they should go start their own business. Pulling an industrial and getting a crooked lawyer to sue should not be a business in the US, but unfortunately it is.

        Auto accidents, slip and fall, carpal tunnel, sexual harrassment, wrongful termination. Sue your employer, sue your insurance company, sue your doctor, sue the company that made your medication, sue the mortgage company that gave you the loan you can’t afford, sue your wife or your husband (even if you’re gay) for divorce. The only reason lawyers have been pushing for gay marriage is so they can charge gays for divorce – it’s a whole new market!

        • Gary2

          The only reason lawyers have been pushing for gay marriage is so they can charge gays for divorce – it’s a whole new market!

          I had never thought of this. Good insight.

      • patriot Alice

        If I invest my life savings, have the courage to take the risk of losing everything, then I as a business man deserve to run my business as I see fit, not the employees. If you don’t like it start your own…

    • moses737

      Alice is it possible that the Unions have been infiltrated by the International Banker/Illumninati kingpins who hate seeing Americans living the middle class dream with their families intact. These devils mentioned above hate the middle class because they are plutocratic/NWO/Fascist/Communist/Oligarchs that want totally control the whole world. But in hell will they be tormented 8 to 10 times worse than your ordinary sinner.

  • bobbobbobbob

    u r right. but you refuse to blame the culprits. those amerikans ecoterrorists who insist on cutting all the programs for the middle class while outsourcing the good jobs. google “Walmart Peasant Insurance” what the rich think of you and also google “Tax Credits for Exporting us jobs” every rebuplican and allthe bluedogs voted to do that. Will 2012 be the year that we will seemass starvation in us?

    • Otown Right Guy

      Excuse me. Who was the President that signed NAFTA? Bill Clinton! Stop watching Bill Maher and other lefty drug addicts and get some real information.

      • bobbobbobbob

        see u in med school as a cad

  • Total Vindication

    Americans don’t have “classes”. The British have “classes”. India has “castes”.

    America has Middle Income, Lower Income, Upper Income.

    Class involves a huge number of factors which transcend mere “Income”.

    Class involves character, good breeding, Morality, Integrity, thoughts, choices in art, music, literature etc.

    The “Middle Class”, “Upper Class”, and “Lower Class” may or may not be people of good character and grace.

    I encourage the author to use Middle Income.

    Middle “Class” is a socioecomic term created by liberal secularists to serve their own agenda.

    Middle Income is the superior and more apt term.

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

      I think that’s a great point. “Class” is a loaded word, and just plain inaccurate.

      I’m very very low income, but don’t consider myself “lower class”.

      • Gary2

        That YOU may not consider your self lower class is irrelevant. If it walks like a duck, quacks like a duck, its a duck. You can call it a dog all day but its still a duck.

        I am in no way trying to insult you specifically as I am also poor. I think you missed the point of the class adjective.

  • ScoutMotto

    Thank you for the warning. I’m starting to think that with all the preparing I’ve done to have supplies for weathering this coming storm, I feel like I’d bein the same boat as everyone else, except that I will have some “battery power” to run on for a while longer. Hopefully this storm will be short-lived.

  • Marvin Jenkins

    Just read a page that ranks the US economy in last place.

    https://www.cia.gov/library/publications/the-world-factbook/rankorder/2187rank.html

  • Bill Brasky

    “Jay-Z certainly has a way with words, eh?”

    No.

  • John S

    Starting in 2013 all of the middle class will have medical insurance. Obamacare will force them to fork over payments. What’s medical insurance these days? 400 a week? How much do I make in my new reality? $225 a week. Yeh, that will work.

    • usucdik

      Then you get Medicaid for free, durr…

      The real problem is that the Republicans and traitors like Lieberman were able to kill the Public Option, which would have been better and more affordable than any fat-cat private plan.

  • moses737

    The International Banksters/Illluminati have been working very hard to destroy the Great American Empire. And from all indication; they want it done by no later than 2012. And they are on track to do this. As their evil and diabolical god, Satan has taught them to rule the world and control the nations finances through their central banks that has taken over the economies of the whole world.

    But don’t worry! The Great God of Heaven will defeat them all; after they have forced everybody to take their mark of the beast chip in their forehead or hand. And according to Revelation 13 and 14:9-11, if you take their zombie making and mind controlling Mark (chip), you will be tormented in hell 24/7, because it will mean that you have joined and sided with Satan and his antichrist beast leader; and their leaders and workers.

    So it is imperative that you serve Jesus and God and reject their chip and go to heaven as a martyr; so you can return with Jesus and His mighty army of angels. And we shall wipe them out in hours; and have them before our Almighty Fathers throne; to be sentenced and judged and thrown into the great lake of fire and brimstone.

  • moses737

    The International Banksters/Illluminati have been working very hard to destroy the Great American Empire. And from all indication; they want it done by no later than 2012. And they are on track to do this. As their evil and diabolical god, Satan has taught them to rule the world and control the nations finances through their central banks that has taken over the economies of the whole world.

    But don’t worry! The Great God of Heaven will defeat them all; after they have forced everybody to take their mark of the beast chip in their forehead or hand. And according to Revelation 13 and 14:9-11, if you take their zombie making and mind controlling Mark (chip), you will be tormented in hell 24/7, because it will mean that you have joined and sided with Satan and his antichrist beast leader; and their leaders and workers.

    So it is imperative that you serve Jesus and God and reject their chip and go to heaven as a martyr; so you can return with Jesus and His mighty army of angels. And we shall wipe them out in hours; and have them before our Almighty Fathers throne; to be sentenced and judged and thrown into the great lake of fire and brimstone.

    • moses737

      Please forgive me for a 2nd post. It was a mistake. God bless you richly site manager and creator.

    • Nanette

      Amen . . . thank you, Moses, for being the watchman on the wall . . . what you’re saying is the bottom-line absolute truth. Nothing will change the march toward judgement that must come. If folks are too blind to hear/see, so be it . . . Maranatha!

      • Rev. Reggie Jackson

        Thank you very much Nanette. God loves His people and He will provide for us until we get our martyrs crowns.

  • sharonsj

    None of your readers dispute these facts, but neither the media nor the politicians seem to know what’s going on. And they probably don’t want to. Both are controlled by the corporations. So we get lots of lies that are believed by the average American.

    I have given up trying to get my elected reps to pay attention. And since I am not rich enough to bribe them, there are only two choices. 1. Hide in the house and stock up on food, ammo, and things to barter. 2. Join a revolution.

    Now by revolution, I don’t only mean an armed uprising. I was hoping that all the various organizations might get together and call for a day of strikes, protests, etc. I think we all know that this cannot go on and that something has to give.

  • HerrLT

    The jobs report yesterday showed what a farce this “recovery” has been. Alarm bells should be ringing in every American household of the storm clouds on the horizon.

    I was marinating on that topic at work the other day – the hope that more people would unplug themselves from the lies getting pumped through the idiot-box and mainstream media like the Times, Yahoo, etc. Then it occured to me that if evening half the people around me knew what was headed our way there would be chaos. The human mind is just not designed to accept looming disaster approaching and responsibily digest that information…

    To those rooting for a collapse soon, or a debt default, etc I beg the question (to those NOT living in no-mans land and without an armory of weapons and a chicken farm): what do you stand to gain? Leave the ideology, long winded anti-rich speaches at the door. The more time I have to buy some ounces of gold and silver, the more time I have to swap currency with foreign nations, the more time I have to work my plan the better. Because when the civil unrest starts here in America, God willing, I plan on being long-gone and sitting on a beach in South America sipping cocunut milk with my wonderful wife. I’ll leave the unwashed masses fighting over the scraps and protesters out there to do their thing, I plan on enjoying a peaceful life and maybe raising a few kids when the banana republic finally comes home to the good ol’ US of A!

  • Attila

    Bottom line our government and corporations sold the middle class out though unfair trade agreements with countries such as China that should have never had such broad access to a first world market. And they are still selling us down the river, ie mexican truckers.

    That being said as a small employer find that most Americans are not interested in working hard for their companies. This in turn makes it harder for us to compete. I have had job openings though this entire down turn but when I hire someone they work well for about 2 weeks then begin to figure out how to milk my company per say. Everybody wants to be boss right away, no one wants to pay their dues. Maybe more of us need to look in the mirror as well.

    • Gary2

      do you pay a living middle class wage??? If not you get what you pay for.

      • Attila

        Hey Gary 2, people ask me all the time how I made it, how I have managed to be my own boss now for almost 2 decades successfully. Well, never would have succeeded with your attitude buddy, I have held several jobs that I started at min wage. While working these low wage positions people always asked me why I worked so hard, its simple, my father taught me early if you ACCEPT a job, paid never should dictate job performance, if you feel the paid is not enough do accept the position.

        But the answer to your questions is three times the min wage.

    • Macnasty

      I agree with you, I’ve heard that people only want a pay check. Work wadda mean I gotta work !!!! it’s brewing folks

  • handog

    “Don’t look down on them, because you never know who might be next.”

    I began selling my possessions in 2007. Out of work I could no longer pay the mortgage. First a garage sale then the house. It took four years to erase 30+ years of blood sweat and tears to make. I spent my last bit of savings on a back pack and filled it with survival gear. A hand gun and some ammo.

    I’m now working part time. I’m one of those hanging on by my finger nails. My back pack is hanging on the wall as a reminder.

  • http://theeconomiccollapseblog.com/archives/young-girls-banned-from-selling-girl-scout-cookies-on-their-own-front-lawn Haalen

    I earned my living in small business. It is understandable that a business must be profitable to stay in business. I have been involved in at least a dozen political campaigns. My experience that small business cares about their communities and their employees.

    What has the wall street corporate world done for us? Do they care about the community or their employees? The evidence says no. They are strictly profit motivated. I am not against business or profit. They are both necessary. It’s the motive. These people aren’t motivated for the good of America or Americans. Of course the attempt to buy us off with dividends and stock appreciations.

    Now regulation that is another aspect. We have the argument of over-regulation versus deregulation and some myths that spring up around them. The purpose of regulation comes from the original intent of our government. When I say our government I mean the original constitutional form of government that was set up to protect us from “them”. You can fill in the blanks as to who “them” are. Our government has been taken over by “them”.

    A house divided against it-self can’t stand. Why do we have a left and a right; a democratic party and a republican party? Who gave this to us? Why? I am not anti-government. I can look at our southern border and see what can happen without good government.

    However, I can ask the question who are these politicians who divide America as democrats and republicans? Who says they are the government? Who says they represent me or my constitutional form of government? We have lived with these political parties so long most Americans identify one of these as the government, and they aren’t. Do I really have to choose to be a conservative or a liberal or identify with one side or the other? What if I am neither?

    America needs to wake up. We are being displaced in our own land. We are being discarded and replaced by third world labor, by an uncaring corporate system that owns the democrats and republicans and using “our” government against us. They keep us divided with promises and threats.

    The democrats scream tax the rich. Who are these democrats? Aren’t they the same rich guys as the republicans? Are they really going to tax themselves? Spare me. I haven’t noticed any carpenters, plumbers, cement finishers or common labors running the white house or surrounding the presidents.

    They aren’t intending to tax the rich. That’s a code word for tax the middle class. Liberals want to raise the debt ceiling and conservative want to cut spending. Of course the spending cuts are directed to the people and the country, while welfare continues to wall street. I am in favor of cutting spending and not raising the debt ceiling and no taxes on the middle class. However, conservatives are applying the rules of “real money” to a system of “debt money”, and that won’t work. If no new debt money is created, the system crashes. I think republicans know this. They are just shilling to their supporters.

  • Dr. Nancy

    Allow me to offer hope
    in the midst of all this economic craziness

    Several months ago a friend recommended this site put together by a millionaire.

    It’s helped me prepare for the future
    in several ways:

    Profit like the Ultra-Rich in Times of Economic Chaos

    Free Video here-

    http://theelevationgroup.net/presentation/register.php?a_aid=160667&a_bid=290b868b&chan=y

    Hope this helps everyone.

  • William

    The system of governance in America is totally broken. The root cause lies in the criminal trash in the US Congress. So, be SURE to vote again for the SAME US Representative or US Senator in Nov 2012, and things will never improve, but, rather, will get worse. Hey, did you see that now the US Constitution is being criticized again and again. This is just the beginning of having the Feds slowly and surely CRUSH average Americans for the benefit of the criminals in the Congress, the big corporations, and the overpaid Nazis in the federal government.

  • Nostradamus

    Today situation is the result of policy and business culture built up over at least 25 years.

    After Reagan became president, he put in motion the uniquely American ideology of ‘trickle down’ economics. Also called ‘supply-side’ economics. But these are actually not economics, because they have no foundation in any published economics theory. They are simply one of national policy, to be directed by politicians, the Republicans as principal. The goal of that policy is simple: shift all economic and monetary power to those who already have such powers. Because they are the one who will be able to deploy resources best for the good of the nation. Indeed, the most powerful and elite will see fit to pass some of their considerable wealth down to the rest – middle and poor classes. This is the grand trickle-down.

    Amazingly, America as a whole bought the whole show, and thus began the grand shift from balanced capitalism into elitist capitalism. This ideology, disguised as ‘Anglo-Sexton’ economics, was touted as the grand American advantage that will transform the USA from a mere superpower into a global hyperpower. Equally interesting, not a single country in the world, include other G8, has adopted this economic strategy. Were they blind to American wisdom? Or were they simply able to see a con from day 1?

    Today, the significant destruction of the American middle class is the consequence of trickle-down economics, which if anything was expanded to all facets of society and industry thanks to the Neo-con. Thus the rampant outsourcing of jobs. Thus the extreme corruption of Wall Street and DC. Thus the hollowing out of production. Thus the prosecution of any policy or action inconsistent with ‘trickle-down’ as the evil socialism.

    It turns out that when you give absolute power and wealth to the aristocrats, they get corrupted absolutely. The only thing that actually trickled down is bits of their own corruption.

    You know, old Europeans and ancient Chinese have discovered this phenomenon long time ago. America decided to establish an absolute-power aristocrat state and didn’t even bother to check History 101.

    • moses737

      I listened to one of Ronald Reagans speeches when he was running for the governor of California and it was great. Again I listen to several of his speeches when he was running for the President of the United States and it was also great. He wasn’t called the “Great Communicator” for nothing. He spoke very well and eloquently and was very sincere. But when he wouldn’t follow the dictates of the International Bankers/Illuminati devils; they shot him. But all of this is recorded in heaven and these monsters will all answer for all the people that they have killed throughout the ages. And hell is going to be full of them; as their agonies will be 8 to 10 times worse than your average doomed and lost sinner.

    • Gary2

      Thank you for your excellent analysis. Please post more.

      I say we need trickle up economics!

  • portals

    Excellent article, Mike, and so true. I used to be a computer hardware engineer way back in the late 70’s and early 80’s, and when our nation’s computer industries started to fail, I decided that I was going to try to create a computer manufacturing company of my own.

    At that time, Chinese imports were just starting to infiltrate the consumer computer retail markets, so the damage they were doing to us was not immediately evident, so I began doing a cost analysis for a design I created. What I found was so astonishing, that it floored me. It was soon evident that I would not be engaging in any such endeavor.

    I found that a single, American made ZIF socket for a 486DX-66 would cost me more, in bulk, than the cost of a complete Chinese motherboard that was fully populated, INCLUDING THE PROCESSOR.

    While many Americans today see what is happening to the middle-class as a relatively new phenomenon, it has been slowly creeping up on us all for the past 30 years, and we are just now starting to see the major ramifications of the stupidity of the American consumer.

    They wanted ‘cheap’, and that’s exactly what they got. For the last few decades they have been cutting the throats of their own neighbors with so many purchases of foriegn made products that, today, it is nearly impossible to find consumer items that are made by Americans.
    Since most middle-class jobs in this country were in manufacturing, it is not difficult to see the reason for what is happening now.

    While I blame the government, itself, for causing this with the Reagan Deregulation plan, the people of this nation did not have to support it. IMHO, this entire thing is a perfect example of the folly of a free people who were looking for something for nothing, and are now complaining about the outcome of their own faulty decisions.

    Some people talk about turning this situation around, but I don’t see this happening anytime in the near future. How can it be otherwise? We no longer have the resources to retool a new manufacturing base. Most of today’s industrial manufacturing equipment is now made outside of the US, and to add insult to injury, our domestic energy resources can never support another industrial revolution.

    I don’t like to be negative. I really have tried to maintain an optimistic outlook over the past thirty years, but in this instance, only a fool could do so. What we are seeing is just the start of a spiral that is not going to end until many things reverse themselves in this country, including our population growth, our buying habits, our wasteful energy usage, and the astounding level of our inequitable distribution of wealth.

    However, I’ve been told that miracles do happen, so let’s see. We need one.

    • http://www.hinner.de Harry

      This is exactly what I think. I’d be interested to hear more from your ZIF-story and experience in manufactoring (or giving up on it).

  • PaulF

    A great collection of grim statistics, Michael.

    FYI, this

    http://globaleconomicanalysis.blogspot.com/2011/07/hugo-salinas-price-and-michael-pettis.html

    is the best concise explanation I have seen on why & how are economy has been gutted. “Free trade” is still a dogma that can’t be question, and it’s also exactly what ruined us (one of the primary causes anyway).

    As Pat Buchanan has pointed out in his last book, free trade (in the global scenario we have) eventually causes the very *means of production* to be “exported”. That’s exactly what we’ve seen occur.

    Man, it is going to be grim in this nation in ten years.

    • Otown Right Guy

      Free trade is a nice ideal. But when your Chinese competition is using political prisoners as slave labor, ignoring environmental damage, devaluing their currency etc. it is rather hard to compete with that. Our “leaders” from BOTH parties have failed us. Many ex-Democrats and Republicans are now on the Chinese payroll as lobbyists.

      • John B.

        Don’t forget that after Clinton signed the China free trade agreement, the Chinese gave him millions of dollars for his library. There were opponents on both sides of the isle that warned this would be a disaster. Dropping the fed funds rate doesn’t help too much after your manufacturing industries have moved overseas.

      • PaulF

        Yeah, it’s freaking disgusting alright.

        If people REALLY knew what’s up, and what has gone on, we’d have a revolution tomorrow.

  • Michael

    The top 1% are richer than the bottom 90%? I guess Gary2 was right. Tax them heavily. If they try hiding their money overseas, find a way to confiscate it overseas. It’s either them or us. Screw them!

    • Gary2

      Thanks-Everything I am saying regarding the wealth and income inequality is not simply my opinion. People can check for them selves to see that I am correct.

      We really do need to tax the rich because they have all the money. (duh)

  • Gary2

    Allow me to set it straight because it seems many still do not get it.

    Republican economic plan-in order to feed the sparrows give the cows more oats. How about simply giving the oats to the sparrow directly??? (the dem plan)

    Raise the minimum wage by several dollars, heavily tax the rich and spread the wealth. Heavy tariff etc. We need trickle up economics and not trickle down.

    Republicans are so dumb as is anyone who votes for them that is not a millionaire or billionaire.

  • onecansay

    To begin ANY recovery:

    Stop Purchasing More than YOU REQUIRE!!!!!

    DO NOT USE THE DE-FACTO Monetary system.

    Trade YOUR “Blood, Sweat, and Tears” for same!

    Get OFF YOUR Fat ASSES!!!!!!

    OH, wait.

    Too dumb, Too Stupid and TOO Fat!!!!

  • Gary2

    the top 10 hedge fund elites make on average nearly $1 million an HOUR. We’ll never find the resources to solve the unemployment crisis until we redistribute some of this obscene wealth.

    What notion of economics or ethics justifies the fact that it would take the average family more than 35,000 years to earn as much as the top hedge fund managers earn in one year?

    And still the republicans are going to the mat so they do not pay more taxes on their income, opps capital gains.

    TAX THE GREEDY TO HELP THE NEEDY.

  • josh

    Which one are you talking about: the Middle Class or the Working Class?

    The title of the article makes little sense.

  • mondobeyondo

    Another recent story (I don’t remember the source) said something about the Bay Bridge in San Francisco being built piece by piece in China, and shipped over to the U.S. Not just the section damaged in the 1989 San Francisco earthquake, but the entire bridge.

    To me, that is unbelievable, if this story is true. How many unemployed steel workers and engineers do we have in the U.S.? Don’t say the U.S. doesn’t have the technological know-how to build bridges. Americans built that bridge. They also built the Golden Gate bridge, the Empire State Building, and the Sears Tower (it’s called something else now…) in Chicago, and many other projects. We have the individuals capable of the same type of projects here. They are probably subsisting on food stamps right now. People who know how to build bridges, and skyscrapers and dams, but are now living off of food stamps.

    HIRE THEM!!! Put their experience and expertise to work! I don’t personally know a single engineer, but I’m quite certain no engineer enjoys being unemployed living on food stamps. Why can’t we get these people hired, back to work and building again?? (Answer: Chinese labor is much cheaper, and California and the U.S. government are broke and cannot afford to hire U.S. workers to build a U.S. bridge on U.S. soil.)

    The projects are there, and they are sorely needed. We have crumbling bridges, crumbling highways, crumbling water and wastewater infrastructure, and pretty soon crumbling buildings too.

    Has it gotten to the point where we’re even outsourcing our construction projects to foreign countries?! Good grief… will the toll booths for the Bay Bridge look like little pagodas and temples? And do they accept yuan as payment?

  • John B.

    This has been a loooong time coming. I recall back in the 1980’s as jobs were being lost to imports, the genius economists were saying that it didn’t matter. There will be all these new “service” jobs. I suppose there are some new jobs at the unemployment office!

    Perhaps what everyone should be looking at is WHY those greedy mean spirited multinational corporations want to move operations overseas. Could it be because of union demands, OSHA, EPA, and various other government regulations? Or how about the plethora of workplace, liability, and other lawsuits? 1 lawsuit can shut a company down for good. And now when gas is heading to $5/gallon, the EPA just denied Shell a permit to drill in the Arctic.

    Unemployment is the price we pay for shutting down production in the US. The unions, the greens, and the lawyers should be happy. They won.

    • Gary2

      there are a lot of new service jobs at walmart, mcdonalds etc. try living on their always low wages.

  • http://cherylkicksass.blogspot.com Cheryl

    Is the author of this blog trying to bring in business for the ulcer industry?

  • Ben Dover

    Right. Don’t look down on the “tunnel people” because any one of us could be next, even if you have no mortgage. The gubmint is more ruthless than any bankster.

  • http://rapture-hoax.blogspot.com/2011/07/jesus-said-at-last-day.html TK

    Great Post!

    This post points out one of the biggest symptoms that proves we are in the beginning stages of a great depression. I am shocked that the main stream media is so biased toward promoting “the economic recovery” when all the data says otherwise.

    Folks, stay tuned to great blogs like this one. You will never get the truth from the main stream media.

    And do not forget to prepare, your job could be next very easily.

    I know some people who are not preparing because they believe that the “rapture” will save them before it gets to rough. Well, that is just a bunch of hog wash, remember what Jesus said “at the LAST DAY”.

    http://rapture-hoax.blogspot.com/2011/07/jesus-said-at-last-day.html

    • John B.

      Why should you be shocked at the MSM? Don’t you realize that it’s their job to get Obama reelected?

  • R. P. Reitz

    This economic collapse is being brought to you by the crooked Wall Street Banks and the politicians who represent them, not you the average American. To be sure, the American people are also to blame. They elected policitians for whom “character doesn’t matter.” As long as their own ox was not being gored, it didn’t matter what happened the Terri Shiavo’s of the world. Now the banksters have a crooked Top Cop in the White House. The banksters will be protected by the Criminal in Chief. The Justice Department will not prosecute the banks for the fraudulent Mortgage Backed Securities. The banks will not be prosecuted by the Federal government for fraudulently foreclosing on millions of Americans. Indeed, the Federal Reserve will continue to print more money to give to their bankster friends. Some of that money will, of course, find its way to our politicians in the form of book deals, speech gratuities and the ever popular campaign contribution. How’s all that “hope and change” working out for you, my fellow Americans. Have you had enough yet? Or will you vote next year for more of the same?

  • http://obbop.wordpress.com/ Obbop

    “There’s class warfare, all right, Mr. (Warren) Buffett said, but it’s my class, the rich class, that’s making war, and we’re winning.”

    • Gary2

      I have been trying to tell this to the other folks who post on this site forever. I feel like I am a broken record but the solution really is as easy as taxing the rich and spreading the wealth.

  • McKinley Morganfield

    We need tariffs that take into account wage, work safety, and environmental standards between trading partners. Goods coming into the USA would pay a stiff tariff to adjust for the disparities.

    • John B.

      Whenever there’s a candidate that talks about firing back in the trade war we’re in, they’re quickly made out to be buffoons. Besides that, there are enough people that still have jobs who want cheap imported goods, and couldn’t care less if their neighbor just lost his job. It’s all for one and one for none.

    • mondobeyondo

      Or as George W. Bush said, “We need bariffs and terriers”. Yes, he really did say that. Nice Bushism, but not quite as good as “Man and fish can co-exist peacefully”, or “It’s hard to put food on your family”.

  • 007

    The free trade bills with China and other 3rd world countries are destroying our economy. Why wouldn’t any business in it’s right mind simply move manufacturing to a third word country that pays $2.00 a day to their workers and not have to deal with the brutal regulations in this country.

    10,000 good manufacturing jobs are lost month lost each month. These are the real jobs that an economy builds around. Allowing these jobs to go oversees is just gutting this country.

    Absolutely no one is talking about placing a substantial tariff on goods sold by countries that charge slave labor. But this needs to be done and fast. It might hurt a few megacorporations in export retaliation. However we are the ones being destroyed in these trade wars. Slap a 25 percent tax on all their goods.

    Everyone will bring up Snoot-Halley in the depression. But those times were different and we were running trade surpluses at that time.

    Tariffs will bring jobs back here and pay down the deficit. We need to start screaming for this before the economy implodes. This is one big piece of the puzzle to turn things around. Damn the lobbyists that pushed through these trade deals.

    • John B.

      You could put a huge tariff on imported oil, and there still wouldn’t be any more oil produced in the US. Simply because the Obama Admin is not issuing permits for oil companies to drill in the US. They are also using the EPA to shut down mining and logging operations all around the country. Their new tack is shutting down commercial fishing operations. Don’t expect to see any of these stories in the MSM.

    • mondobeyondo

      Imposing tariffs on foreign products just might start a trade war though. Not necessarily a good idea…

  • Highspeed

    Michael, Thanks for all of the articles, They have helped me more than I can possibly say. I have sent many of my friends to the blog and most of my older friends get it and are as concerned as I am. Most of them are at least making some feeble attempt to prepare for the coming storm. However when I share this blog with young people, even my daughter and son in law, they think I am crazy. They think I am the one who is disconnected. All I know to do is to store up some food and ammo for them. Is anyone else seeing this trend?

    • Michael

      Highspeed:

      Thank you for the encouraging words. I like to hear that all of my hard work is appreciated. I am just trying to do the best I can, and it means a lot that it is actually making an impact.

      I think more people are waking up. That doesn’t mean that we are going to be able to keep the economy from falling apart, but at least we can help more people get prepared. The times we are moving into are going to be incredibly unstable, but at least we can help people understand why these things are happening and what they can do to get through them.

      Michael

  • Brandy

    You asked if we lost our job how long could we survive? my family lives paycheck to paycheck…. so you can say we are one paycheck away from being homeless and I’m embarrassed and sad to say it but it is completely true. I have never been rich or well to do, so we are use to being somewhat poor. I am trying to stock up on what I can.

  • mark

    It is simple to see what was happening to our economy for a long time. Just look at a large cities skyline as an example. You see a lot of high rise office buildings. It would be fine if they were full of people creating ideas for items that folks would like to buy. They are full of workers in the legal profession, insurance companies, stock brokers, bond traders, government workers etc. Do these people produce items of value for the economy or do they just suck it dry?

  • mark

    Things are going to get a lot worse for many Americans. It will become rather ugly in the cities. The trouble in Greece will come here when the big cuts start. You should prepare for this future series of events. Purchase extea food and supplies. Grow some food and improve your skills on growing some. I am starting my fall/winter crop. Learn how to cook from scratch. Learn a profession that will be needed. The government will not be there for you, the little guy.

  • El Pollo de Oro

    Countries that have little or nothing in the way of a middle class tend to be violent, dangerous, unstable, crime-ridden places. Tragically, the Banana Republic of America, formerly the USA, is moving in that direction more and more—and that will mean the horrors of DPDDTT. What is DPDDTT? Below is my FAQ on the dreaded DPDDTT.

    Q: What is the DPDDTT?

    A. DPDDTT stands for the Desperate People Doing Desperate Things Tax. It isn’t a “tax” in the literal sense and is not collected by government revenue agencies, but rather, is something that desperately poor people resort to in crime-ridden Third World countries. Examples of DPDDTT include kidnapping, carjacking, armed robbery and violent home invasions.

    Q: Where is DPDDTT collected?

    A: DPDDTT is quite common in Venezuela, El Salvador, Guatemala, Papua New Guinea, Brazil, México, Nicaragua, South Africa, the Philippines, Honduras, Jamaica and Haiti. Notoriously dangerous places like Hillbrow in Johannesburg, Tepito in La Ciudad de México (orale, guay!) and the favelas of Rio de Janeiro are full of DPDDTT collectors.

    Q: Will the DPDDTT be coming to The Banana Republic of America?

    A: Now that the BRA has the economy of a Third World banana republic, DPDDTT will no doubt be coming our way, sadly.

    Q: Have Gerald Celente, Alex Jones and Arianna Huffington discussed the DPDDTT?

    A: They haven’t actually used the term DPDDTT, but they have addressed the concept. Celente has predicted that Latin America-style kidnappings will be coming to the BRA, and in her book “Third World America,” Arianna Huffington has said that unless this country saves its middle class, it will become a dangerous, unstable place where the affluent will need 24-hour bodyguards in order to avoid being kidnapped in broad daylight.

    Q: How do I avoid paying DPDDTT when it comes to the BRA?

    A: In Third World countries, millionaires and billionaires hire armed bodyguards to avoid paying DPDDTT. And when those bodyguards prevent kidnappers, carjackers and home invaders from getting to millionaires and billionaires, DPDDTT collectors prey on those who cannot afford bodyguards (the middle class or people they THINK are middle class). Sometimes, DPDDTT collectors are disappointed when middle class or poor people cannot meet high ransom demands, and they express their displeasure by murdering the kidnappee. DPDDTT is no fun.

    Q: How will I know when I’ve been hit with DPDDTT?

    A: There will be no mistaking it. Here’s how DPDDTT works in Third World hellholes: a professional kidnapping gang lets you know that they’ve snatched your wife or daughter and demands a ransom. Just to prove they mean business, they sever a finger (possibly one with a wedding ring) and send it to you. Or, they torture her, film the torture and send you the video. In order to speed up the collection process, DPDDTT collectors might cut off additional fingers and mail them.

    So there you have it: FAQ on the horrors of the Desperate People Doing Desperate Things Tax, coming soon to a Philadelphia, a San Diego, a Boston or a Chicago near you.

    God help The Banana Republic of America.

  • Thomas

    Okay, what’s the back up plan, then?

    My suspicion is that we may have to do something like move to Canada. Look at them, they have oil, limitless land, and an increasingly strong dollar. North America is still America, right?

    Thing is, my French is limited to kissing that way. I guess that’s a start. Hahahaha.

  • primrose

    The middle class has been under assault ever since NAFTA and it’s only gotten worse. Not only have our jobs been shipped over seas, but we have imported illegal slave labor and the middle class taxpayers get to pick up the tab for their freebies, education, health care, food, shelter, etc. To add to the problem, the government has turned a blind eye for decades to this assault and while the middle class pays for illegal slave labor on the one hand, they also pay for the cadillac jobs and benefits enjoyed by public service unions. Middle class is a “lose, lose” situation and I don’t see it getting better any time soon.

    • Allen

      Thanks a lot Al Gore for being the tie breaker in the Senate to pass this POS legislation when you were vice president. Than to go to pass GATT right next to it makes it seem that you and Bubba had a plan all along

    • REED RICHARDS

      primrose,

      I love the fact that white-collar types now have their jobs outsourced to Pakistan and India. When NAFTA first passed and only blue collar jobs were being lost, you heard not a peep out of white collar types except that displaced workers need to go to college, get retrained, and accept lower jobs for lower pay. Now that they are on the receiving end of a NAFTA-like effect for white collar professionals and future college grads now find themselves working at hooters busing tables, now everyone seems to care. Personally, this is what you people wanted, this is what you asked for. As long as the two wings of the war party, (Dems and Reps) remain in power, the so-called middle class will become an ancient relic in the dustbin of history………….

    • REED RICHARDS

      People,

      Look, it goes like this: The two wings of the war party, both Democrats and Republicans, along with their masters on wall street and the aristocracy have put forth the following press release to the amerikan worker:

      To all middle and working class people of amerika, thanks for coming, your services are no longer required, and good with luck with your unemployment checks and food stamps………………..

      • Forrest

        It would seem that the parties are no longer what they originally were. They have lapsed into an endless torment for the country. They are now more like the communist party, instead of congress and senate we have now the Comrad, “brothers of the party.” No longer is the government what it was designed for. It no longer follows the principles of the Constitution. For all the parties are worth they are nothing more than treason. It has been said by a few for many years what this country is coming to and where it is going. History will bear this out. We not longer are the America we once were. We are no longer the people we once were. Time has passed time to wake up to what is happening to this country. Believe not the Lie people! Government is not your answer, it is “We The People!” Revolt but do it peacefully! Stand for the principles that the founders of this great country stood for, bled for, and died for. From the Pligrims to the Solder, they came and fought for a life clear and free. They fought for freedom so you could choose how to live. They gave of themselves and risked all. We must help one another, we must stand even if we lose everything. As long as you can think then you are free, not a subject of the state.

        They may take my life, but they can not take my freedom!

        • Matthew

          Yes revolt. No not peacefully because when they get sick of hearing your whining they are going to shoot you anyways. Stand up and fight for yourself and your community. You can b***h and moan all you want. But in the end you know they are not going to listen.

          • HecatesMoon

            Matthew, you shouldn’t say such a thing. These sites are monitored, and people’s statements logged. Such a statement as not revolting peacefully would make you one of the first people govt would make a point to disarm or silence. :(

  • Beau

    Michael Hiltzik recently wrote: “On Monday, the Fourth of July, Americans will gather to celebrate the overthrow of tyranny. But the ease with which we allow corporate employers to impoverish their loyal workers should make us pause under the fireworks and think about how over the ensuing 235 years we’ve simply substituted one set of tyrants for another, the new ones immeasurably more heartless and bloodthirsty than the ones we shed.”

    BMW layoffs exemplify the evisceration of the middle class
    Every working American should be dismayed by — and afraid of — what BMW is doing.
    http://articles.latimes.com/2011/jul/03/business/la-fi-hiltzik-20110703

    • Lisa G

      Excellent post. I have been saying this for some years, but add into the equation the harm that grown-far-beyond-their-purpose unions have done over decades – there is no one source of blame for the multi-sided squeeze put on the solid American worker.

      • David Schwartz

        What about all of the jobs technology has wiped out? I bet you that for every job technology has created, it has killed 3 jobs that already existed. Look at Border’s today. They are going to close all of their remaining stores, and they had 10,700 employees. I can’t remember the last time that I was in a book store. If I need any information today, I can just find it on the internet. Why would I have to go to Border’s? Fifty years ago, I always went to Barnes & Noble on Fith Avenue in New York City. Why? Because the only other way I could find the information that I was seeking was to visit the public library.

  • 007

    Unemployment seems bad at 9.2%. But consider the bull of how they come up with their numbers. They claim 18,000 jobs were created net. Whew, close call for Obama imagine the grief he would get if it showed we actually bled massive amounts of jobs.

    Well, it turns out another 270,000 workers must have been abducted by aliens because they disappeared from the work force. The percentage of the population working has now decreased to the lowest level since world war II. That includes the new burger flippers and Walmart greeters.

    But good news, the Department of Labor has created an estimate out of thin air that over 150,000 jobs were created by new businesses starting up this month. While they can’t prove these new start up businesses exist, I am sure you have seen them popping up around you.

    But a little more bad news, last months estimated job increases were reduced by 50%. This was somewhat puzzling since last month the aliens abducted an almost equal number of the work force and new business jobs were created.

    …the top national economists were surprised by these developments.

    • mondobeyondo

      The government does not count as “unemployed” the people who have given up looking for work, or who are no longer receiving unemployment benefits. Every month, there are more and more people who give up looking. The actual unemployment rate is waaaay higher than 9.2%.

      • fedup

        Self-employed people who lose their businesses are also not counted in the “unemployed.”

      • Cathy

        Or me… I’ve not had a “job” since May 2008, but I never collected unemployment.

  • 007

    The job losses to China is kind of bad news. Since we owe them so much money, I doubt they will easily go along with us changing our trade policy to their disadvantage.

    What is that saying? “The borrower becomes the lenders slave”.

  • primrose x2

    Indeed.

  • Gary2

    I would love a good government job. F the private low pay sector.

    • El Pollo de Oro

      Gary2 in Wisconsin: I have a good friend in New York City who works as a plumber for the city. Last year, he made a little over 100 grand. And when he retires, he will collect a full pension. My friend is part of a dying breed: the blue-collar middle class.

  • John Public

    Time to replace the President, Marxism or Communism has always failed, soon they run out of others peoples money, and printing more make what we have worth less.
    Compound that with being a ‘carbon constrained’ USA, = jobs lost. Why? Agenda 21 Strong & Soros $$$$ carbon offsets Hoodwinked by Watermellons!

    • Mr. M

      Well… it seems to me that People’s Republic of China – which is led by Marxists – is having the winning turn over capitalist USA by using the tactic of playing by the rule of the opponent (neo-lib capitalism) until the opponent is defeated.
      The Soviet Union collapse lesson has been learnt, the Russian made the mistake of opposing USA turbo-capitalism with orthodoxy which did not have a single chance against Nixon’s fiat money strategy.
      Face the fact: capitalism is dead and so is the mighty USA.
      Mr. M

  • Collapse

    “Rampant Unemployment = The Death Of The Middle Class – 40 Facts That Prove The Working Class Is Being Systematically Wiped Out.”

    Ummm!
    Maybe this was the intent from the start.

    • http://www.youtube.com/watch?v=wUl6aFgL41U&feature=player_embedded Ben Dover (America)

      Ummm, yes it was. DOCUMENTED. Read up on history – particularly economic history – start with the history of the Rothschilds, on youtube.

  • Neville

    Where are the promises and power of the American trade unions now!

    Their fighting for higher and higher wages without the concomitant increase in productivity and comparative education standards for like functions in Japanese,then Chinese companies, went ahead with gay abandon!

    Now, the factoires are gone!! Now the horse has bolted! What sort of “protection” was that.
    There can never be a “free lunch”.

  • Mr. M

    Most of the comments are so blindfolded towards what is really happening that leaves no chance as such for USA to survive.
    The fact is that “capitalism” has created the rope with which is hanging itself… that’s it.
    Even if Obama lifts the debt ceiling by 2000 trillion it will not change the grand finale.
    USA is enslaved to an ideology – the ponzi scheme fiat money turbo capitalism ideology – which has only one future: bankruptcy.
    In ancient Rome, it was a very severe crime to go bunkrupt. Whoever found himself in such a condition, if he wasn’t able to pay his debts, by law his creditors could demand his body. That is the creditors would slaughter him and divide the limbs.
    What does this metaphor for USA mean: remember Germany 1945.

    • 007

      Let’s hope China is more foregiving.

    • John B.

      Yeah let’s switch over to socialism and have the government run everything. This did wonders for Greece. Good thinking.

  • United We Stand for Prosperity

    ok, if part of the game plan to bring the people to their knees in desperation to accept the globalists dream of haves and have-nots is to offshore living wage jobs out to the dirt poor and import the dirt poor to replace American workers who fought for living wages and decent working conditions, I understand that, see the backwards decline in action with my own two eyes.
    The results are awful for the people. You get what you pay for.
    This game doesn’t work for my conscience because I don’t care how inexpensive an item is. I care about PEOPLE. I’m not looking at the price tag first on an item, I look at where it’s MADE. If it’s not made in a place that treats people to a decent standard of living wage and working conditions I’m not getting it. (there are a few exceptions to this rule) Generally, places that make things that also invest in their people put out a pretty good product too. If it’s something I need/want but can’t find new from a business with some ethics, I’ll get it gently used.
    As an aside, I really should email wallyworld and their ilk and tell them why I never step foot in some stores. Can’t support businesses that pay poverty wages. It’s not worth it because we all pay one way or another for poverty in America.
    And those places with scant labor laws? The children in sweatshops? There’s a reason why Unions evolved ya know! Right to work or no, people ought never be treated as slaves! People what are you supporting through your purchases? Stop the decline, power to the people through your own purse. Put some ethics in your consumption!

    • John B.

      It’s too late for that. There are too many products that are just no longer built in the US. Try buying a refrigerator or TV made in the US – there aren’t any. Even the products that are built in the US may contain many imported components. Any type of trade legislation now would be a can of worms. Unions did a good thing in the early 20th century for livable wages, and safe working conditions. Unfortunately, they have become TOO MUCH of a good thing. UAW workers want $70/hour to put a nut on a bolt. Unions want to dictate to the management what they can and can’t do, and who they can and can’t fire. They also help employees file the plethora of workplace lawsuits. If you built a refrigerator in the US and it costs $5,000 – no one will buy it anyway. Unions + government regulations + lawyers = the death of US manufacturing.

      • United We Stand for Prosperity

        Someone who makes $70/hr is a producer in many ways. Think about the differences in $8 an hour vs the $70 hour taxpayer.

        People with money buy things. And they pay taxes which in turn helps keep us solvent. Neighborhoods aren’t likely to fall to crime and poverty when people can make money. Detroit might be a good example.

        Others get subsidized by taxes.

        So, continue to buy your cheap televisions and refridgerators, but don’t turn around and blame the low wage workers in America selling that cheap foriegn made crap for needing foodstamps, subsidized housing and health care and whatever else they do to get by. (low wage or no wage worker since they aren’t making much but hamburgers here anymore)

        Given the choice of careening toward third world desperate people or a more expensive product, I think I’ll take the pricey fridge.
        I don’t think we can afford low wage workers, truth be told, in the long run far too expensive to support!

        • Bikkhu

          Higher wages and higher prices? That’s not solution, that’s inflation and things are the same. Dollar already lost 97% its value from 1900.

    • free pinkpanther

      make sure you don’t buy MADE IN USA… THEY DON’T TREAT OTHERS IN A WAY YOU WOULD ACCEPT FOR YOUR OWN LOVED ONES…

  • Maria

    Gary2,

    I totally get what you are saying about the 25 cent raise vs. the exec. retirement package. And I understand why you feel the way you do about taxing the rich. If I thought it would help, I might actually agree with it. But I HATE our tax system. It doesn’t work. One reason is because the rich never pay. You are right about one thing…there is too much corporate welfare.

    I also HATE our political system, because both sides are completely corrupt…they both work for and are funded by the same jerks who think it is okay to give someone a 25 cent per hour raise.

    I am so sick of the whole fiat currency and fiat economy that I am okay with the whole thing collapsing. I don’t want people to be hurt. Too many already have been. Frankly, though, I don’t see how this whole thing could end up in anything less than a free for all. I just hope the greedy corporations, central banks, IRS, and fiat anything goes down with it. Wipe the whole slate clean.

    The idea of an economic collapse scares me, but the idea of the corporate paradigm programming continuing scares me even more. I want it to end now, before the corporations and banks control everything.

  • BMM

    One thing I’d like to say, which has very little to do with this issue directly, is being mindful of the way we talk about those in low-paying service jobs – the “Walmart greeters” and “burger flippers.” Any honest work, to me, is honorable work, and many people have resorted to jobs they otherwise would not be doing, if theirs had not been outsourced, downsized or done away with by technology. The problem is that jobs that can actually support a household and an adult independently in relative comfort are going away.

    Some of those burger flippers have college degrees…

  • jayoh

    I agree, the middle class is getting destroyed and will likley never return….thats bad. thats the way 3rd world countries are……….a select minority of wealthy groups, the vast majority in poverty with very little in between

  • http://www.420usa.org Bud Tender

    We are ancient Rome.

  • Leslie Garrett

    So what is the downside here for the poor of the world? A crash of the USA and its economic camp followers would be the best thing possible for Africa, Asia, and South America, and especially for the world’s ecology. Destroy the USA and half the world’s military industries go belly up, oil consumption drops, and predatory trade policies collapse. These are the monsters who spread nuclear technology around the unstable Pacific rim, the ones who made usury into a way of life, the ones who intentionally set out to hook young people world wide on tobacco, while demonizing cannabis. These are the people who have bombed flat Southeast Asia in the name of freedom and are today making war on one Muslim country after another, because these people have the audacity to still pray, dress modestly, and live in families. When the USA crashes there should be dancing in the streets world-wide.

    • free pinkpanther

      so… bad for the USA it’s good for the rest of the world?… lets have it…now, b4 the money men destroy the rest…

  • ed dunn

    profs : “West’s go v’s borrow to pay int.,
    cant pay prin.” ” U + S. total pub
    pvt debts $200t, two hund tril, gdp$14/t/yr”

  • Mr. G

    I agree, Mr M. This phoney capitalism – which is really just corporate fascism – has destroyed our once great nation. Someday, people will get clear heads and recognize that while free markets and opportunity are great things, they are NOT what we have. I know it is natural for corporations to grow and merge, but when the resulting companies are under the control of cold sociopaths, we had better watch out. We have regressed to robber baron ways. But, everyone is so brainwashed into supporting “capitalism” and “free markets” that we will accept most anything the powerful people label as such. Mr. G

    • Gary2

      The problem is capitalism period. It is a system that is inherently flawed in that there are always booms and busts. Few people seem to gain during the booms and those who do not gain in the boom share in the bust. F-capitalism. We can do better. If someone I knew was that unstable they would be committed.

  • Mr. G

    PS – I would LOVE to live in a society with CAPITALISM, FREE MARKETS, and FREEDOM. I doubt that I ever will, though! Mr. G

  • http://willanystand.blogspot.com ex VRWC

    Here is what happened to the jobs – set to music:

    http://www.youtube.com/watch?v=y3SRWmV2WIE

  • mondobeyondo

    …are you SURE you don’t want fries with that??

  • Paul

    Well, don’t buy gold. That money is sunk. You can also glue it to the pavement. Or burn it.

    Get a house instead. Small, ugly, but made from stone or concrete to survive tornado and hurricane, maybe on stilts to protect your goods from flooding. Make it large enough to be comfortable but small enough to be payable. Perhaps with a patch of veggie garden and some fruit trees.

  • free pinkpanther

    …MODERATION OF ONE’S OPINION IS ANOTHER FORM OF OPRESSION…

  • http://pointyhairpride.blogspot.com Joseph M. Scandura

    Oh no the sky is falling!

  • Terry David Rumple

    All of this is indicative of Satan setting up his last great world empire, Mystery Babylon (USA), to enslave mankind and to enforce obedience to and worship of the coming Antichrist. Amerika has to be broken, morally, financially, and spiritually, before she can be made to yield to the NWO. DON’T GIVE UP and DON’T GIVE IN! Jesus Christ is coming soon!

  • fedup

    Can someone PLEASE explain to me why Americans are not out in the streets rioting???

    How bad will it have to get before we at least try to take back our country?

    • Ragemore

      We aer too lazy. Something about two and a half men season starts soon? Jajaja

  • Bluto

    Part of the reason that unemployment duration has spiked is because the govt keeps extending the benefits. The govt has caused this to happen.

  • Steve

    Our politicians are intelligent but do not have wisdom to govern. Why are we allowing China and other nations to manipulate their currencies in order to have an unfair trade advantage? Why are we allowing companies to outsource our jobs to countries that purposefully manipulate thier currencies to steal away our jobs? Why are we giving foreign nations billions in foreign aid if we have to borrow the money from China? Why are American tax payers footing the bill to police the world and keep other nations safe while we get nothing back for protecting them? Why has our government become a welfare nation giving out billions per year for lazy people who dont want to work? Why are we allowing huge trade imbalances to continue? Why are we burrying ourselves with enormous debt that we cannot pay back while we recklessy hand out so much money? Our politicians and the majority of Americans do not have the wisdom to know what is right for our nation. That is why unemployment is rampant in America and the economy cannot recover? The solutions are simple but most Americans and politicians continue to put the pedal to the medal to drive us over the cliff!

  • Darien

    We mostly have nobody to blame except ourselves.
    We have become complacent and lazy for accepting our impending demise.
    How many of you make a priority of buying American made goods over that of foreign produced when there is a viable American alternative? How many of you would complain to US companies manufacturing abroad?
    There are plenty of quality US made products, some more expensive (I am willing to pay more), some LESS expensive than foreign. Tires, automobiles, parts, appliances, tools, etc. are just a few examples of US produced products.
    Remember, foreign workers and companies pay ZERO US taxes, buy very little US made goods and many wish to eliminate us.
    Remember these things next time you go shopping.

  • SMASH THE CONTROL MACHINE

    WHERE IS BANNER MAN ?????/http://www.youtube.com/watch?v=3FV4_sNaDeA

  • patriot alice

    Too big to bail, and too big to fail is the new norm, it’s hard to believe that even though Europe is leading the way to hell because of their high debt, here in the USA we continue to print, borrow and spend our way to hell too. When will they stop? To continue borrowing 2 trillion dollars a year to prop up a false economy is crazy. Huge cuts in government spending and tax cuts for the private sector to create jobs is the only solution, but politics won’t allow it to happen…..

  • MTDEWY

    So let us boycott BIG BUSINESS and BIG BOX stores. Buy locally period.

  • DRTOBY

    President Obama’s Economic Recovery Program worked. It made American Corporations over 2 Trillion Dollars. Yes, thst’s a “T”.

    They are NOT HIRING. They are sitting on their money stashed away off-shore.

    The unemployment issue is NOT the President’s fault.

  • http://www.youtube.com/watch?v=_u81qXOYfKg Ben Dover (America)

    If you want to help people, webmaster, you’ll leave my post up entitled “What Can Americans Do, To Fight The New World Order”, instead of removing it, every time I put it up!

    • Michael

      Ben Dover:

      I am glad to post the same message a few times, but if it is done over and over and over then Google might look at all that duplicate content and start penalizing the site.

      Michael

  • http://www.youtube.com/watch?v=_u81qXOYfKg Ben Dover (America)

    The KEY word here, is SYSTEMATICALLY. This is actually correct. The EU/US Central
    Bankers have two openly stated goals: 1) Global Neo-feudalism, via debt for Nations,
    and Individuals, and profits for Central Bankers, Oil Conglomerates, Weapons Manu-
    facturers, and other Multinational Corporate Owners, & 2) Global De-population. Yet,
    in the MSM (Main Stream Media), there is still an argument, that there exist banks, that
    are TBTF (Too-Big-To-Fail), and must be bailed out(?!), with each new ‘crisis’? How stupid are people? Seriously.

  • http://www.youtube.com/watch?v=wUl6aFgL41U&feature=player_embedded Ben Dover (America)
  • http://yahoo.com Kafu

    Death to capitalism and corporate fascism!!

  • http://www.amazon.com/Psychological-Warfare-New-World-Order/dp/0932367232/ref=sr_1_1?ie=UTF8&qid=1311890494&sr=8-1 Ben Dover

    Keiser Report: Ghettofication of America (E168)
    http://www.youtube.com/watch?v=wxQUKCyf8YA&feature=player_embedded#at=653

    A boom in corporate profits, a bust in jobs, wages
    http://www.denverpost.com/business/ci_18533859

    What has caused this ‘Greater Depression’ in America?
    http://www.amazon.com/Psychological-Warfare-New-World-Order/dp/0932367232/ref=sr_1_1?ie=UTF8&qid=1311890494&sr=8-1

  • http://landdestroyer.blogspot.com/2011/02/real-revolution.html Ben Dover (America)

    Naming Names: Your Real Government (When dark deeds unfold, point the finger in this direction).
    by Tony Cartalucci
    http://landdestroyer.blogspot.com/2011/03/naming-names-your-real-government.html

    The Real Revolution
    http://landdestroyer.blogspot.com/2011/02/real-revolution.html
    “Boycott the globalists, cut off their support, undermine their system, and they lose their ability to commit these atrocities. That will be a real revolution and it can start today. Not burning cities and masked rebels waving flags, but communities no longer dependent and fueling a corrupt system we all know must come to an end.”

  • Jayme

    Clearly, opportunities to earn a decent living within the western world have been on the decline for over 30 years now.

    However, I say we can foster a more life enhancing economic paradigm for all people!

    Could this be true?

  • Awake&UnderRestraint

    To tell you guys what the real Unemployment rate would blow your minds. I hear if you include everyone that is between that ages of 18 and retirement age it’s something like 50% and that’s excluding part timers, people in school, the sick, injured and mentally handicapped. I really don’t know how acurate these numbers are but from what i see in my
    neighborhood on SI, NY that sounds about right!
    77% of these jobs are in the service sector!
    34% of these jobs are through government local or federal employment! I feel we all let this happen since we have not refreshed our struggle for freedom. People are willfully ignorant, afraid or complacent in this system! Until we are willing to risk our dwindling extravagant lives we will never break free from the powers that enslaving us as well as our children!

  • http://comcast jim

    I was in Corp. AMERICA 24 YEARS. My company got taken over. I have applied at 700 plus companies. Now I have been out work 3 years and it is looking even worse. A perfect picture -TITANIC !!! It will get them too. Thank got I have a degree in Agriculture and know how to garden. We are all deep trouble.

  • http://globaleconomics13.blogspot.com charlesnews

    The creation of a new government agency that will be dedicated to job creation, will only create more government jobs.

    What a joke! The government can’t create jobs. Our only hope is to support small businesses, which create the majority of new jobs.

    And you need to take control of your finances by getting financial education. The market is rigged against you. Your IRA and 401K are in danger of becoming worthless.

    Learn how to leverage the financial crisis to create wealth and protect your family.

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