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27 Facts That Show How The Middle Class Has Fared Under 6 Years Of Barack Obama

27 Facts That Show How The Middle Class Has Fared Under Barack ObamaDuring his State of the Union speech on Tuesday evening, Barack Obama is going to promise to make life better for middle class families.  Of course he has also promised to do this during all of his other State of the Union addresses, but apparently he still believes that there are people out there that are buying what he is selling.  Each January, he gets up there and tells us how the economy is “turning around” and to believe that much brighter days are right around the corner.  And yet things just continue to get even worse for the middle class.  The numbers that you are about to see will not be included in Obama’s State of the Union speech.  They don’t fit the “narrative” that Obama is trying to sell to the American people.  But all of these statistics are accurate.  They paint a picture of a middle class that is dying.  Yes, the decline of the U.S. middle class is a phenomenon that has been playing out for decades.  But without a doubt, our troubles have accelerated during the Obama years.  When it comes to economics, he is completely and utterly clueless, and the policies that he has implemented are eating away at the foundations of our economy like a cancer.  The following are 27 facts that show how the middle class has fared under 6 years of Barack Obama…

#1 American families in the middle 20 percent of the income scale now earn less money than they did on the day when Barack Obama first entered the White House.

#2 American families in the middle 20 percent of the income scale have a lower net worth than they did on the day when Barack Obama first entered the White House.

#3 According to a Washington Post article published just a few days ago, more than 50 percent of the children in U.S. public schools now come from low income homes.  This is the first time that this has happened in at least 50 years.

#4 According to a Census Bureau report that was recently released, 65 percent of all children in the United States are living in a home that receives some form of aid from the federal government.

#5 In 2008, the total number of business closures exceeded the total number of businesses being created for the first time ever, and that has continued to happen every single year since then.

#6 In 2008, 53 percent of all Americans considered themselves to be “middle class”.  But by 2014, only 44 percent of all Americans still considered themselves to be “middle class”.

#7 In 2008, 25 percent of all Americans in the 18 to 29-year-old age bracket considered themselves to be “lower class”.  But in 2014, an astounding 49 percent of all Americans in that age range considered themselves to be “lower class”.

#8 Traditionally, owning a home has been one of the key indicators that you belong to the middle class.  So what does the fact that the rate of homeownership in America has been falling for seven years in a row say about the Obama years?

#9 According to a survey that was conducted last year, 52 percent of all Americans cannot even afford the house that they are living in right now.

#10 After accounting for inflation, median household income in the United States is 8 percent lower than it was when the last recession started in 2007.

#11 According to one recent survey, 62 percent of all Americans are currently living paycheck to paycheck.

#12 At this point, one out of every three adults in the United States has an unpaid debt that is “in collections“.

#13 When Barack Obama first set foot in the Oval Office, 60.6 percent of all working age Americans had a job.  Today, that number is sitting at only 59.2 percent…

Employment Population Ratio 2015

#14 While Barack Obama has been in the White House, the average duration of unemployment in the United States has risen from 19.8 weeks to 32.8 weeks.

#15 It is hard to believe, but an astounding 53 percent of all American workers make less than $30,000 a year.

#16 At the end of Barack Obama’s first year in office, our yearly trade deficit with China was 226 billion dollars.  Last year, it was more than 314 billion dollars.

#17 When Barack Obama was first elected, the U.S. debt to GDP ratio was under 70 percent.  Today, it is over 101 percent.

#18 The U.S. national debt is on pace to approximately double during the eight years of the Obama administration.  In other words, under Barack Obama the U.S. government will accumulate about as much debt as it did under all of the other presidents in U.S. history combined.

#19 According to the New York Times, the “typical American household” is now worth 36 percent less than it was worth a decade ago.

#20 The poverty rate in the United States has been at 15 percent or above for 3 consecutive years.  This is the first time that has happened since 1965.

#21 From 2009 through 2013, the U.S. government spent a whopping 3.7 trillion dollars on welfare programs.

#22 While Barack Obama has been in the White House, the number of Americans on food stamps has gone from 32 million to 46 million.

#23 Ten years ago, the number of women in the U.S. that had full-time jobs outnumbered the number of women in the U.S. on food stamps by more than a 2 to 1 margin.  But now the number of women in the U.S. on food stamps actually exceeds the number of women that have full-time jobs.

#24 One recent survey discovered that about 22 percent of all Americans have had to turn to a church food panty for assistance.

#25 An astounding 45 percent of all African-American children in the United States live in areas of “concentrated poverty”.

#26 40.9 percent of all children in the United States that are living with only one parent are living in poverty.

#27 According to a report that was released late last year by the National Center on Family Homelessness, the number of homeless children in the United States has reached a new all-time record high of 2.5 million.

Unfortunately, this is just the beginning.

The incredibly foolish decisions that have been made by Obama, Congress and the Federal Reserve have brought us right to the precipice of another major financial crisis and another crippling economic downturn.

So as bad as the numbers that I just shared with you above are, the truth is that they are nothing compared to what is coming.

We are heading into the greatest economic crisis that any of us have ever seen, and it is going to shock the world.

I hope that you are getting ready.

Obama Declares War On ‘Extremism’ – Are You An ‘Extremist’ According To His Definition?

Prison Camp - Public DomainDo you know what an “extremist” is?  In the wake of the horrible terror attacks on the offices of Charlie Hebdo in France, Barack Obama is speaking very boldly about the need to win the war against “extremists”, and he has announced plans to host a major global summit on “extremism” next month.  And on the surface that sounds great.  But precisely how are we supposed to determine whether someone is an “extremist” or not?  What criteria should we use?  As you will see below, your definition of an “extremist” may be far, far different from the definition that Barack Obama is using.  When you do a Google search, you will find that an “extremist” is defined as “a person who holds extreme or fanatical political or religious views, especially one who resorts to or advocates extreme action.”  According to Wikipedia, “extremism” is “an ideology (particularly in politics or religion), considered to be far outside the mainstream attitudes of a society or to violate common moral standards.  Extremism can take many forms, including political, religious and economic.”  Please notice that neither of those definitions uses the word violence.  In this day and age, you can be considered an “extremist” simply based on what you believe, and as you will see later in this article there are now tens of millions of Americans that are considered to be “extremists” and “potential terrorists” according to official U.S. government documents.

When you use the word “extremist”, you may have in your mind a picture of ISIS fighters or the terrorists from the Charlie Hebdo massacre.

But for elitists such as Barack Obama, the word “extremist” has a much broader meaning.  In recent years, it has become a code word for those that do not have an “enlightened” view of the world.  If your views on politics, religion or social issues are extremely different from the liberal, progressive views of “the mainstream” (as defined by the mainstream media and by “mainstream” politicians such as Barack Obama), then they consider you to be an extremist.

Early in the presidency of George W. Bush, we were told that Islamic terrorists were the enemy.  And so most of the country got behind the idea of the War on Terrorism.  But over the years that has morphed into a War on Extremism.  In fact, the Obama administration has gone so far as to remove almost all references to Islam from government terror training materials

Deputy U.S. Attorney General James Cole confirmed on Wednesday that the Obama administration was pulling back all training materials used for the law enforcement and national security communities, in order to eliminate all references to Islam that some Muslim groups have claimed are offensive.

“I recently directed all components of the Department of Justice to re-evaluate their training efforts in a range of areas, from community outreach to national security,” Cole told a panel at the George Washington University law school.

Now, much of the focus in law enforcement training materials is on “domestic extremists”.  We are being told that “domestic extremism” is just as great a threat to our national security as terror groups overseas are.

But exactly who are these “domestic extremists”?

Well, the truth is that you may be one of them.

I want to share with you a list that I have shared in a couple of previous articles.  It is a list of 72 types of Americans that are considered to be “extremists” or “potential terrorists” in official U.S. government documents.  This list will really give you a good idea of what Barack Obama means when he uses the word “extremist”.  Each of these 72 items is linked, so if you would like to go see the original source document for yourself, just click on the link.  As you can see, this list potentially includes most of the country…

1. Those that talk about “individual liberties”

2. Those that advocate for states’ rights

3. Those that want “to make the world a better place”

4. “The colonists who sought to free themselves from British rule”

5. Those that are interested in “defeating the Communists”

6. Those that believe “that the interests of one’s own nation are separate from the interests of other nations or the common interest of all nations”

7. Anyone that holds a “political ideology that considers the state to be unnecessary, harmful,or undesirable”

8. Anyone that possesses an “intolerance toward other religions”

9. Those that “take action to fight against the exploitation of the environment and/or animals”

10. “Anti-Gay”

11. “Anti-Immigrant”

12. “Anti-Muslim”

13. “The Patriot Movement”

14. “Opposition to equal rights for gays and lesbians”

15. Members of the Family Research Council

16. Members of the American Family Association

17. Those that believe that Mexico, Canada and the United States “are secretly planning to merge into a European Union-like entity that will be known as the ‘North American Union’”

18. Members of the American Border Patrol/American Patrol

19. Members of the Federation for American Immigration Reform

20. Members of the Tennessee Freedom Coalition

21. Members of the Christian Action Network

22. Anyone that is “opposed to the New World Order”

23. Anyone that is engaged in “conspiracy theorizing”

24. Anyone that is opposed to Agenda 21

25. Anyone that is concerned about FEMA camps

26. Anyone that “fears impending gun control or weapons confiscations”

27. The militia movement

28. The sovereign citizen movement

29. Those that “don’t think they should have to pay taxes”

30. Anyone that “complains about bias”

31. Anyone that “believes in government conspiracies to the point of paranoia”

32. Anyone that “is frustrated with mainstream ideologies”

33. Anyone that “visits extremist websites/blogs”

34. Anyone that “establishes website/blog to display extremist views”

35. Anyone that “attends rallies for extremist causes”

36. Anyone that “exhibits extreme religious intolerance”

37. Anyone that “is personally connected with a grievance”

38. Anyone that “suddenly acquires weapons”

39. Anyone that “organizes protests inspired by extremist ideology”

40. “Militia or unorganized militia”

41. “General right-wing extremist”

42. Citizens that have “bumper stickers” that are patriotic or anti-U.N.

43. Those that refer to an “Army of God”

44. Those that are “fiercely nationalistic (as opposed to universal and international in orientation)”

45. Those that are “anti-global”

46. Those that are “suspicious of centralized federal authority”

47. Those that are “reverent of individual liberty”

48. Those that “believe in conspiracy theories”

49. Those that have “a belief that one’s personal and/or national ‘way of life’ is under attack”

50. Those that possess “a belief in the need to be prepared for an attack either by participating in paramilitary preparations and training or survivalism”

51. Those that would “impose strict religious tenets or laws on society (fundamentalists)”

52. Those that would “insert religion into the political sphere”

53. Anyone that would “seek to politicize religion”

54. Those that have “supported political movements for autonomy”

55. Anyone that is “anti-abortion”

56. Anyone that is “anti-Catholic”

57. Anyone that is “anti-nuclear”

58. “Rightwing extremists”

59. “Returning veterans”

60. Those concerned about “illegal immigration”

61. Those that “believe in the right to bear arms”

62. Anyone that is engaged in “ammunition stockpiling”

63. Anyone that exhibits “fear of Communist regimes”

64. “Anti-abortion activists”

65. Those that are against illegal immigration

66. Those that talk about “the New World Order” in a “derogatory” manner

67. Those that have a negative view of the United Nations

68. Those that are opposed “to the collection of federal income taxes”

69. Those that supported former presidential candidates Ron Paul, Chuck Baldwin and Bob Barr

70. Those that display the Gadsden Flag (“Don’t Tread On Me”)

71. Those that believe in “end times” prophecies

72. Evangelical Christians

Do you fit into any of those categories?

Personally, I fit into a couple dozen of them.

That is why alarm bells should go off whenever Barack Obama speaks of the need to crack down on “extremism”.

If Barack Obama wants to denounce Islamic terror, he should do so.  But because of his extreme political correctness, he goes out of his way to avoid any connection between Islam and terror.  Instead, he speaks of the need to recognize “Islam’s role in advancing justice, progress, tolerance, and the dignity of all human beings” and he insists that “the future must not belong to those who slander the prophet of Islam.”

Meanwhile, our liberties and freedoms are being eroded a little bit more with each passing day.  In the name of fighting “terrorism” or “extremism”, our government is constructing a Big Brother police state control grid all around us.  I like the way that Ron Paul described what is happening to us just the other day

If Americans were honest with themselves they would acknowledge that the Republic is no more. We now live in a police state. If we do not recognize and resist this development, freedom and prosperity for all Americans will continue to deteriorate. All liberties in America today are under siege.

It didn’t happen overnight. It took many years of neglect for our liberties to be given away so casually for a promise of security from the politicians. The tragic part is that the more security was promised — physical and economic — the less liberty was protected.

With cradle-to-grave welfare protecting all citizens from any mistakes and a perpetual global war on terrorism, which a majority of Americans were convinced was absolutely necessary for our survival, our security and prosperity has been sacrificed.

It was all based on lies and ignorance. Many came to believe that their best interests were served by giving up a little freedom now and then to gain a better life.

The trap was set. At the beginning of a cycle that systematically undermines liberty with delusions of easy prosperity, the change may actually seem to be beneficial to a few. But to me that’s like excusing embezzlement as a road to leisure and wealth — eventually payment and punishment always come due. One cannot escape the fact that a society’s wealth cannot be sustained or increased without work and productive effort. Yes, some criminal elements can benefit for a while, but reality always sets in.

Reality is now setting in for America and for that matter for most of the world. The piper will get his due even if “the children” have to suffer. The deception of promising “success” has lasted for quite a while. It was accomplished by ever-increasing taxes, deficits, borrowing, and printing press money. In the meantime the policing powers of the federal government were systematically and significantly expanded. No one cared much, as there seemed to be enough “gravy” for the rich, the poor, the politicians, and the bureaucrats.

The country that our forefathers founded is dying.

Now, individuals and organizations that attempt to restore the values that our founders once believed in so strongly are regarded as dangerous “extremists” that need to be watched carefully.

Sadly, most Americans don’t even realize what is happening to this nation.  As long as they are fed a constant diet of mindless entertainment, most Americans are perfectly content to let “the experts” do their thinking for them.

We are steamrolling toward oblivion, and most of the country is dead asleep.

So is there any hope for us?  Feel free to share what you think by posting a comment below…

The American People Are Utterly Clueless About What Is Going To Happen As We Enter 2015

Wrong Way - Public DomainThe American people are feeling really good right about now.  For example, Gallup’s economic confidence index has hit the highest level that we have seen since the last recession.  In addition, nearly half of all Americans believe that 2015 will be a better year than 2014 was, and only about 10 percent believe that it will be a worse year.  And a lot of people are generally feeling quite good about the people that have been leading our nation.  According to Gallup, once again this year Hillary Clinton is the most admired woman in America and Barack Obama is the most admired man in America.  I don’t know what that says about our nation, but it can’t be good.  Unfortunately, when things seem to be going well common sense tends to go out the window.  A couple days ago, the Guardian ran an article entitled “Goodbye to one of the best years in history“, and a whole lot of people out there are feeling really optimistic these days.  But should they be?

Sadly, what we are experiencing right now is so similar to what we witnessed in 2007 and early 2008.  The stock market had been on a great run, people were flipping houses like crazy and most people were convinced that the party would never end.

But then it did end – very painfully.

The signs of trouble were there, but most people chose to ignore them.

Sadly, the exact same thing is happening again.

On Monday, the price of oil hit a brand new five year low.  As I write this, U.S. oil is sitting at a price of $53.76 a barrel, which is nearly a 50 percent decline from the peak earlier this year.

There is only one other time in history when the price of oil has declined by more than 50 dollars a barrel in such a short time frame.  That was back in the middle of 2008, shortly before the worst stock market crash since the Great Depression.

Unless the price of oil starts really bouncing back, the U.S. economy is going to be hit really hard.

Since 2009, oil industry employment has risen by 50 percent.  And jobs in the oil industry pay quite well.  One figure that I saw put the average weekly wage at about 1700 dollars.

But now we aren’t going to be gaining those types of jobs.  Instead, we are going to rapidly start losing them.

Already, the oil rig count has dropped for three weeks in a row and is now at an 8 month low.  And as the oil industry suffers, all of the industries that it supports are also going to start feeling the pain.  In fact, Business Insider is reporting that Texas business executives are “freaked out” about what is happening…

Business executives in Texas are worried about the drop in oil prices.

On Monday, the Dallas Fed’s latest manufacturing survey showed that activity in Texas was slowing down.

The latest composite index came in at 4.1, widely missing expectations and down big from November’s reading. Expectations were for the index to come in at 9, down from 10.5 last month.

So while most Americans are feeling really good about the coming year, many of those with an inside view are becoming quite alarmed.  One Texas business executive went so far as to say that the stunning decline in oil prices was going to make things ugly … quickly.

Meanwhile, the 9 trillion dollar U.S. dollar carry trade is starting to unwind.

The following is an excerpt from a recent Zero Hedge article

Oil’s collapse is predicated by one major event: the explosion of the US Dollar carry trade. Worldwide, there is over $9 TRILLION in borrowed US Dollars that has been ploughed into risk assets.

Energy projects, particularly Oil Shale in the US, are one of the prime spots for this. But it is not the only one. Economies that are closely aligned with commodities (all of which are priced in US Dollars) are getting demolished too.

Just about everything will be hit as well. Most of the “recovery” of the last five years has been fueled by cheap borrowed Dollars. Now that the US Dollar has broken out of a multi-year range, you’re going to see more and more “risk assets” (read: projects or investments fueled by borrowed Dollars) blow up. Oil is just the beginning, not a  standalone story.

If things really pick up steam, there’s over $9 TRILLION worth of potential explosions waiting in the wings. Imagine if the entire economies of both Germany and Japan exploded and you’ve got a decent idea of the size of the potential impact on the financial system.

And that’s assuming NO increased leverage from derivative usage.

Ouch.

And yes, as that last excerpt mentioned, derivatives could soon become a massive problem.  The big banks are holding trillions in commodity derivatives that could blow up if the price of oil does not rebound.  Overall, there are five U.S. banks that each have more than 40 trillion dollars of exposure to derivatives of all types, and the total global derivatives bubble is at least 700 trillion dollars at this point.

At the same time, many are becoming concerned that the unprecedented bond bubble that we are witnessing could soon implode and trillions of dollars of “wealth” could disappear into thin air.

In fact, Bloomberg says that we should “get ready for a disastrous year” for bonds…

Get ready for a disastrous year for U.S. government bonds. That’s the message forecasters on Wall Street are sending.

With Federal Reserve Chair Janet Yellen poised to raise interest rates in 2015 for the first time in almost a decade, prognosticators are convinced Treasury yields have nowhere to go except up. Their calls for higher yields next year are the most aggressive since 2009, when U.S. debt securities suffered record losses, according to data compiled by Bloomberg.

That certainly does not sound very optimistic, does it?

Anyone with even a minimal amount of intelligence should be able to see the massive financial bubbles that the central banks of the world have created, and anyone with even a minimal amount of intelligence should be able to see that we are heading for a massive financial implosion which will be extraordinarily painful.

Unfortunately, as I wrote about yesterday, the American people have become “zombiefied“.  Instead of thinking for themselves, they let “the matrix” do their thinking for them.  And right now “the matrix” is telling them that everything is going to be just fine in 2015.

If you do not think that there is a propaganda machine that tells us what to think, I want you to watch the video posted below very carefully.  This video makes it so obvious that even a small child can understand it…

 

Obama’s Secret Treaty Would Be The Most Important Step Toward A One World Economic System

Barack Obama behind Resolute Desk in the Oval Office - Public DomainBarack Obama is secretly negotiating the largest international trade agreement in history, and the mainstream media in the United States is almost completely ignoring it.  If this treaty is adopted, it will be the most important step toward a one world economic system that we have ever seen.  The name of this treaty is “the Trans-Pacific Partnership”, and the text of the treaty is so closely guarded that not even members of Congress know what is in it.  Right now, there are 12 countries that are part of the negotiations: the United States, Canada, Australia, Brunei, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.  These nations have a combined population of 792 million people and account for an astounding 40 percent of the global economy.  And it is hoped that the EU, China and India will eventually join as well.  This is potentially the most dangerous economic treaty of our lifetimes, and yet there is very little political debate about it in this country.

Even though Congress is not being allowed to see what is in the treaty, Barack Obama wants Congress to give him fast track negotiating authority.  What that means is that Congress would essentially trust Obama to negotiate a good treaty for us.  Congress could vote the treaty up or down, but would not be able to amend or filibuster it.

Of course now the Republicans control both houses of Congress.  If they are foolish enough to blindly give Barack Obama so much power, they should all immediately resign.

And it is critical that people understand that this is not just an economic treaty.  It is basically a gigantic end run around Congress.  Thanks to leaks, we have learned that so many of the things that Obama has deeply wanted for years are in this treaty.  If adopted, this treaty will fundamentally change our laws regarding Internet freedom, healthcare, copyright and patent protection, food safety, environmental standards, civil liberties and so much more.  This treaty includes many of the rules that alarmed Internet activists so much when SOPA was being debated, it would essentially ban all “Buy American” laws, it would give Wall Street banks much more freedom to trade risky derivatives and it would force even more domestic manufacturing offshore.

In other words, it is the treaty from hell.

In addition to imposing Obama’s vision for the world on 40 percent of the global population, it is also being described as a “Christmas wish-list for major corporations”.  Of the 29 chapters in the treaty, only five of them actually deal with economic issues.  The rest of the treaty deals with a whole host of other issues of great importance to the global elite.

The following list of issues addressed by this treaty is from a Malaysian news source

• domestic court decisions and international legal standards (e.g., overriding domestic laws on both trade and nontrade matters, foreign investors’ right to sue governments in international tribunals that would overrule the national sovereignty)

• environmental regulations (e.g., nuclear energy, pollution, sustainability)

• financial deregulation (e.g., more power and privileges to the bankers and financiers)

• food safety (e.g., lowering food self-sufficiency, prohibition of mandatory labeling of genetically modified products, or bovine spongiform encephalopathy (BSE) or mad cow disease)

• Government procurement (e.g., no more buy locally produced/grown)

• Internet freedom (e.g., monitoring and policing user activity)

• labour (e.g., welfare regulation, workplace safety, relocating domestic jobs abroad)

• patent protection, copyrights (e.g., decrease access to affordable medicine)

• public access to essential services may be restricted due to investment rules (e.g., water, electricity, and gas)

Why can’t we get this type of reporting in the United States?

And if this treaty is ultimately approved by Congress, we will essentially be stuck with it forever.

This treaty is written in such a way that the United States will be permanently bound by all of the provisions and will never be able to alter them unless all of the other countries agree.

Are you starting to understand why this treaty is so dangerous?

This treaty is the key to Obama’s “legacy”.  He wants to impose his will upon 40 percent of the global population in a way that will never be able to be overturned.

Of course Obama is touting this treaty as the path to economic recovery.  He promises that it will greatly increase global trade, decrease tariffs and create more jobs for American workers.

But instead, it would be a major step toward destroying what is left of the U.S. economy.

Over the past several decades, every time a major trade agreement has been signed we have seen even more good jobs leave the United States.

And it doesn’t take a genius to figure out why this is happening.  If corporations can move jobs to the other side of the planet to nations where it is legal to pay slave labor wages, they will make larger profits.

Just think about it.  If you were running a corporation and you had the choice of paying workers ten dollars an hour or one dollar an hour, which would you choose?

Plus there are so many other costs, taxes and paperwork hassles when you deal with American workers.  For example, big corporations will not have to provide Obamacare for their foreign workers.  That alone will represent a huge savings.

Any basic course in economics will teach you that labor flows from markets where labor costs are high to markets where labor costs are lower.  And at this point it costs less to make almost everything overseas.  As a result, we have already lost millions upon millions of good jobs, and countless small and mid-size U.S. companies have been forced to shut down because they cannot compete with foreign manufacturers.

Later this month, consumers will flock to retail stores for “Black Friday” deals.  But if you look carefully at those products, you will find that almost all of them are made overseas.  We buy far, far more from the rest of the world than they buy from us, and that is a recipe for national economic suicide.

We consume far more wealth that we produce, and anyone with half a brain can see that is not sustainable in the long run.  The only way that we have been able to maintain our high standard of living is by going into insane amounts of debt.  We are currently living in the largest debt bubble in the history of the planet, and at some point the party is going to end.

Please share this article with as many people as you can.  We need to inform people about what Obama is trying to do.

If Obama is successful in ramming this secret treaty through, it is going to do incalculable damage to what is left of the once great U.S. economy.

19 Very Surprising Facts About The Messed Up State Of The U.S. Economy

19 - Public DomainBarack Obama and the Federal Reserve are lying to you.  The “economic recovery” that we all keep hearing about is mostly just a mirage.  The percentage of Americans that are employed has barely budged since the depths of the last recession, the labor force participation rate is at a 36 year low, the overall rate of homeownership is the lowest that it has been in nearly 20 years and approximately 49 percent of all Americans are financially dependent on the government at this point.  In a recent article, I shared 12 charts that clearly demonstrate the permanent damage that has been done to our economy over the last decade.  The response to that article was very strong.  Many people were quite upset to learn that they were not being told the truth by our politicians and by the mainstream media.  Sadly, the vast majority of Americans still have absolutely no idea what is being done to our economy.  For those out there that still believe that we are doing “just fine”, here are 19 more facts about the messed up state of the U.S. economy…

#1 After accounting for inflation, median household income in the United States is 8 percent lower than it was when the last recession started in 2007.

#2 The number of part-time workers in America has increased by 54 percent since the last recession began in December 2007.  Meanwhile, the number of full-time jobs has dropped by more than a million over that same time period.

#3 More than 7 million Americans that are currently working part-time jobs would actually like to have full-time jobs.

#4 The jobs gained during this “recovery” pay an average of 23 percent less than the jobs that were lost during the last recession.

#5 The number of unemployed workers that have completely given up looking for work is twice as high now as it was when the last recession began in December 2007.

#6 When the last recession began, about 17 percent of all unemployed workers had been out of work for six months or longer.  Today, that number sits at just above 34 percent.

#7 Due to a lack of decent jobs, half of all college graduates are still relying on their parents financially when they are two years out of school.

#8 According to a new method of calculating poverty devised by the U.S. Census Bureau, the state of California currently has a poverty rate of 23.4 percent.

#9 According to the New York Times, the “typical American household” is now worth 36 percent less than it was worth a decade ago.

#10 In 2007, the average household in the top 5 percent had 16.5 times as much wealth as the average household overall.  But now the average household in the top 5 percent has 24 times as much wealth as the average household overall.

#11 In an absolutely stunning development, the rate of small business ownership in the United States has plunged to an all-time low.

#12 Subprime loans now make up 31 percent of all auto loans in America.  Didn’t that end up really badly when the housing industry tried the same thing?

#13 The average cost of producing a barrel of shale oil in the United States is approximately 85 dollars.  Now that the price of oil is starting to slip under that number, the “shale boom” in America could turn into a bust very rapidly.

#14 On a purchasing power basis, China now actually has a larger economy than the United States does.

#15 It is hard to believe, but there are 49 million people that are dealing with food insecurity in America today.

#16 There are six banks in the United States that pretty much everyone agrees fit into the “too big to fail” category.  Five of them have more than 40 trillion dollars of exposure to derivatives.

#17 The 113 top earning employees at the Federal Reserve headquarters in Washington D.C. make an average of $246,506 a year.  It turns out that ruining the U.S. economy is a very lucrative profession.

#18 We are told that the federal deficit is under control, but the truth is that the U.S. national debt increased by more than a trillion dollars during fiscal year 2014.

#19 An astounding 40 million dollars has been spent just on vacations for Barack Obama and his family.  Perhaps he figures that if we are going down as a nation anyway, he might as well enjoy the ride.

If our economy truly was “recovering”, there would be lots of good paying middle class jobs available.

But that is not the case at all.

I know so many people in their prime working years that spend day after day searching for a job.  Most of them never seem to get anywhere.  It isn’t because they don’t have anything to offer.  It is just that the labor market is absolutely saturated with qualified job seekers.

For example, USA Today recently shared the story of 42-year-old Alex Gomez…

“I’ve had to seriously downgrade my living situation,” said Alex Gomez, a 42-year-old with a master’s degree in entrepreneurship. Gomez lost his last full-time job in 2009 and has been looking for work since a short-term contract position ended in 2012.

Gomez’s home was foreclosed on, so the Tampa resident lives with three roommates in a college neighborhood. He drained his 401(k) trying to save his house, and he has around $150,000 in student loans. His mother is tapping her 401(k) to pay his rent. Gomez subsists on that and about $200 a month in food stamps.

“I have been applying and looking for pretty much anything at this stage,” he said. Although he’s looking for work in engineering or data management, “I applied to a supermarket as a deli clerk because I used to be a deli clerk as a teenager,” he said. He was told he was overqualified and turned down.

Does Alex Gomez have gifts and abilities to share with our society?

Of course he does.

So why can’t he find a job?

It is because we have a broken economy.

We are in the midst of a long-term economic decline and the system simply does not work properly anymore.

And thanks to decades of very foolish decisions, this is only the start of our problems.

Things are only going to get worse from here.

Why Won’t Obama Ban Air Travel From Countries Where Ebola Is Out Of Control?

Plane Landing - Public DomainWhy does Barack Obama refuse to take even the most basic steps to protect Americans from Ebola?  Even though it has already been demonstrated that Ebola can be brought over to the United States by a passenger on an airplane, Obama refuses to do anything that would even restrict air travel from nations where Ebola is spiraling out of control.  Back in September, Obama said that it was “unlikely” that any individual with Ebola could get through the “extensive screening” at our airports and pose a threat to the general population.  But he was wrong.  That has already happened.  And yet the official White House position is that there is “no consideration of a travel ban” at this point.  What possible explanation is there for such gross negligence?

All of this talk about “extensive screening” at our airports is just a smokescreen because it does not exist.  As Mike Adams of Natural News has pointed out, Thomas Eric Duncan walked freely through our airports and entered the general population without ever being asked by U.S. security personnel about where he was from or if he had any health conditions…

Ebola “patient zero” Thomas Eric Duncan flew right into the United States and walked through the international airports of both Washington D.C. and Dallas-Fort Worth. He was never asked about his country of origin and was never screened for any health conditions.

Why are people whose flights originate in Liberia and Sierra Leone still allowed to openly travel to large U.S. cities?

And nothing changed even after news broke of a confirmed case of Ebola in Dallas.  Just consider the following excerpt from a CNN news story that I included in a previous article

CNN Senior Medical Correspondent Elizabeth Cohen said when she and two colleagues recently returned from reporting in Liberia, they got a mixed bag of responses from Customs and Border Protection officers.

“We all said we were journalists who had just been in Liberia covering Ebola,” Cohen said. “One of my colleagues was told, ‘Oh, OK, welcome back home, sir’ — and (was) just let in — that was it.”

Cohen herself got a different response.

“I was told, ‘Wait a minute, I think I got an email about this,’ and the border patrol officer went and consulted with his colleagues,” Cohen said.

That officer later told her she should check her system for 21 days.

“I said, ‘What should I be checking?’ And he wasn’t sure,” Cohen said.

Barack Obama is either lying or he is being grossly negligent when he says that we don’t need to be concerned about air travel from Liberia, Guinea and Sierra Leone because of how good the screening at our airports is.

When it comes to his primary fundamental duty, he is completely dropping the ball.  The following is from a recent Fox News opinion piece

The fundamental duty of the nation’s chief executive is to protect its citizens. Under Article II of the Constitution, he is duty-bound to respond to threats and to conduct the country’s foreign affairs. When a crisis presents itself, the president has nearly unfettered power and discretion to act. This includes protecting the health and safety of Americans. Does stopping the deadly spread of Ebola constitute such a crisis?

At this point, a whole host of lawmakers are calling for Obama to restrict air travel from West Africa.

And a petition on Whitehouse.gov to ban all incoming and outgoing flights has more than 10,000 signatures so far.

But the White House is not moving.

In fact, Press Secretary Josh Earnest says that there is “no consideration of a travel ban”…

There’s no consideration of a travel ban at this point.  But I can tell you that there is — well, let me explain.  There are a couple of good reasons for that.  The first is there is in place a very sophisticated, multilayered screening system in place to ensure that the traveling public is safe.

Those screening protocols begins at the point of departure; that in West Africa and these counties, under the supervision of international personnel, there are screening protocols in place to ensure that those individuals who are already exhibiting symptoms of Ebola don’t board aircraft.  This includes everything from a visual examination of passengers as they’re preparing to board aircraft, to giving them questionnaires that they have to fill out.  In other cases, it even involves taking the temperature of passengers before they board aircraft.  So there is screening protocol in place even before individuals enter the transportation system.

As with so many other things, it is hard to tell whether the Obama administration is lying, is being completely incompetent or is pursuing some sort of insidious agenda that we are now aware of yet.

Sadly, the CDC is actually backing Obama up on this.  Just check out what the head of the CDC said about a potential travel ban last week

Barring all incoming flights from Ebola-hit countries in West Africa might seem like the best way to prevent an outbreak of the virus in the United States, but doing so would actually hurt efforts to curb the outbreak in the long run, Tom Frieden, M.D., MPH, director of the Centers for Disease Control and Prevention, said today (Oct. 2).

“If we take actions that seem like they may work, they may be the kind of solution to a complex problem that is quick, simple and wrong,” said Frieden in a press conference. “The approach of isolating a country is that it’s going to make it harder to get help into that country.”

Of course medical personnel that are fighting this disease should be allowed to fly in and out of those countries.

But why can’t we ban all non-essential personnel  from flying back and forth?

Meanwhile, the Obama administration also continues to be negligent in guarding our southern border.

We know that people from Liberia, Guinea and Sierra Leone cross our border with Mexico illegally.  In fact, hundreds of such individuals from those countries were caught by border patrol agents during fiscal year 2013

Government figures indicate that 112 individuals were interdicted illegally crossing into the United States from Guinea, 231 from Liberia, and another 145 from Sierra Leone, the three Ebola hot spots. The period of these apprehensions was one in which we had a larger Border Patrol presence on the actual border than we do now.

And those are just the ones that we were able to apprehend.

The truth is that most of the people that cross our borders illegally we do not catch.

If Obama and his minions continue to refuse to take even the most basic steps to protect us, it is inevitable that more people with extremely deadly diseases such as Ebola will enter this country and circulate among the general population.

If our health system was ready to handle such diseases, that would be one thing.

Unfortunately, that is not the case.  In fact, one recent survey found that most nurses in the United States do not believe that their hospitals are ready to handle patients with Ebola…

A survey by National Nurses United of some 400 nurses in more than 200 hospitals in 25 states found that more than half (60 percent) said their hospital is not prepared to handle patients with Ebola, and more than 80 percent said their hospital has not communicated to them any policy regarding potential admission of patients infected by Ebola.

Another 30 percent said their hospital has insufficient supplies of eye protection and fluid-resistant gowns.

This Ebola outbreak has the potential to become the greatest health crisis that any of us have ever seen.

But Obama absolutely refuses to take even the most basic steps to keep us safe from this disease.

Why won’t Obama do something?

Once Again Obama Shows That He Is Clueless About What Is Going On In The Middle East

Barack Obama Discusses Strategy With National Security Staff - Public DomainWhy would Barack Obama want to give hundreds of millions of dollars of weapons to groups inside Syria that are selling weapons to ISIS and regularly fighting alongside them?  Is he really that clueless about what is going on in the Middle East?  The FSA and other groups of “moderate” fighters inside Syria do not consider ISIS to be an enemy.  Rather, they consider ISIS to be an important ally in the struggle to overthrow the Syrian government.  In fact, many “moderate” units have actually joined ISIS in recent months.  If Obama gives more weapons to the “moderate” fighters in Syria, it is inevitable that a lot of them will end up in the hands of ISIS.  In a previous article, I already discussed how ISIS is talking over vast stretches of Syria and Iraq using mostly American weapons.  If the Obama administration goes ahead with this plan to arm “moderates” in Syria, it is just going to make ISIS even stronger.

Without a doubt, ISIS is an organization that is absolutely seething with evil.  They have been running around beheading journalists, crucifying their enemies in public and even cutting children in half.  ISIS has promised to drown America “in blood“, and the only way to appease them would be for every single one of us to convert to their version of Islam.

But Obama’s strategy to “defeat ISIS” makes absolutely no sense at all.

First of all, if you want to defeat someone you don’t give weapons to their friends.

According to Fox News, the White House actually believes that the FSA and other “moderate” groups inside Syria will act as “ground troops” in our fight against ISIS…

According to one White House aide, the president is escalating the call for more aid to the rebels so they could act as the ground troops to support potential U.S. airstrikes against ISIS.

Can you imagine the laughter that will ensue when ISIS leaders read this?

Secondly, if you want to conduct air strikes against ISIS, you have got to get permission from the nation where you will be conducting those air strikes.

The Obama administration has permission from the Iraqi government to conduct air strikes against ISIS targets inside Iraq, and the Pentagon says that those air strikes have been effective.

However, it is being reported that Obama now wants to bomb ISIS targets inside Syria

President Barack Obama, who will set out a broad long-term strategy to defeat the Islamic State in a speech to Americans on Wednesday evening, is prepared to authorize air strikes against the group in Syria, U.S. officials said.

Pursuing the Islamist radicals inside Syria would complement an expanded military campaign to back government forces in Iraq following the formation of a more inclusive government in Baghdad.

But Obama does not have permission from the Syrian government to do that.  In fact, the Syrian government is warning that any U.S. air strikes within their borders will be considered an act of war.

Do we really want to declare war on Syria on top of everything else?

Sadly, Obama doesn’t seem to think that he needs permission to do much of anything.

In fact, he insists that he doesn’t even need the permission of Congress to start conducting air strikes inside Syria…

President Obama is prepared to use U.S. military airstrikes in Syria as part of an expanded campaign to defeat the Islamic State and does not believe he needs formal congressional approval to take that action, according to people who have spoken with the president in recent days.

We have a man occupying the White House running around doing whatever he wants without even having an elementary understanding about what is going on over in the Middle East.

And he has the audacity to stand up in front of the American people and “explain” to us why we need to spend hundreds of millions of taxpayer dollars to arm groups that are clearly aligned with ISIS.

Below, I want to share an extended excerpt from a recent article by Paul Joseph Watson.  In his article, Watson lists numerous examples that show that the “moderate” rebels and ISIS are still very much working together…

The lunacy of such a policy is illustrated by the fact that Bassel Idriss, commander of an FSA-run rebel brigade, recently admitted that Washington-backed “moderate” rebels are still collaborating with ISIS.

“We are collaborating with the Islamic State and the Nusra Front by attacking the Syrian Army’s gatherings in … Qalamoun,” Idriss told Lebanon’s Daily Star. “Let’s face it: The Nusra Front is the biggest power present right now in Qalamoun and we as FSA would collaborate on any mission they launch as long as it coincides with our values.”

A July report in Stars and Stripes also documented how the 1,000 strong Dawud Brigade, which had previously fought alongside the FSA against the Assad regime, defected in its entirety to join ISIS.

Also in July it emerged that “several factions within the FSA, including Ahl Al Athar, Ibin al-Qa’im” had “handed over its weapons to the Islamic State in large numbers” and pledged allegiance to ISIS.

Islamic State fighter Abu Atheer also told Al-Jazeera, “We are buying weapons from the FSA. we bought 200 anti-aircraft missiles and Koncourse anti tank weapons. We have good relations with our brothers in the FSA. For us, the infidels are those who cooperate with the West to fight Islam.”

The Obama administration has spent weeks working on a “strategy” to deal with ISIS, and this is what they have come up with?

Rather than “defeating ISIS”, this strategy is likely to make ISIS even stronger and have the added bonus of potentially starting a war with Syria.

Exactly what is Obama trying to accomplish in the Middle East anyway?

But in the end, the real fault lies with the American people.  Despite relentless warnings, the American people willingly chose to elect this con man to the highest office in the land two times in a row, and as a result we all get to suffer the consequences of those very foolish decisions.

The Road To World War 3: Russia And Ukraine Are Now Engaged In A Shooting War

Russian Tanks - Photo by Yana AmelinaRussian soldiers and Ukrainian soldiers are now shooting at each other in eastern Ukraine.  Could this conflict ultimately lead us down the road to World War 3?  This week, a very robust force of “tanks, artillery and infantry” has opened up a “third front” in the Ukrainian civil war in a part of southeastern Ukraine that had not seen much fighting yet.  Exhausted Ukrainian forces are suddenly being pushed back rapidly and many outsiders are wondering how the nearly defeated rebels were able to muster such impressive military strength all of a sudden.  But it really isn’t much of a mystery.  The tanks, artillery and infantry came from inside Russia.  In recent days, Ukrainian units have captured ten Russian paratroopers and there have even been funerals for Russian paratroopers that have been killed in action back home in Russia.  Even though it has become exceedingly obvious that Russia is now conducting a stealth invasion of Ukraine, Vladimir Putin is still choosing to deny it.  But if he did publicly admit it, that would be even more dangerous.  Barack Obama would be forced into a position of either having to do something about the Russian invasion or look weak in the eyes of the public.  And as the Russians have already shown, they are more than willing to match any move that the Obama administration makes.

There has already been much written about who is to blame for all of this, and I am sure that much more will be written about who is to blame in the future.  The western world is blaming “Russian aggression” for the mess in Ukraine.    In return, the Russians point out that it was westerners that funded and organized the groups that violently overthrew the democratically-elected government of Ukraine.  To the Russians, the current government of Ukraine is made up of neo-Nazi terrorist usurpers that are attempting to brutally oppress millions of ethnic Russians in eastern Ukraine.

So the Russians seem themselves as “the good guys” in this conflict and so does the western world.  But that is how most wars start.  Both sides usually feel morally justified at the start of a conflict.

In the final analysis, however, is it really going to matter very much who was “right” and who was “wrong” if the end result is World War 3?

If the rebels in eastern Ukraine had been able to defeat the Kiev government forces on their own, Putin probably would have been content to let them do that.  But instead, they had been pushed back to two major cities and seemed on the verge of defeat.

But now it is the Ukrainian forces that are experiencing “panic and wholesale retreat”

Tanks, artillery and infantry have crossed from Russia into an unbreached part of eastern Ukraine in recent days, attacking Ukrainian forces and causing panic and wholesale retreat not only in this small border town but a wide swath of territory, in what Ukrainian and Western military officials are calling a stealth invasion.

The attacks outside this city and in an area to the north essentially have opened a new, third front in the war in eastern Ukraine between Ukrainian forces and pro-Russian separatists, along with the fighting outside the cities of Donetsk and Luhansk.

How is this happening?

It is the Russians of course.

In fact, if you talk to Ukrainian soldiers, they are very clear on who they are fighting now…

“I tell you they are Russians, but this is what proof I have,” said Sgt. Aleksei Panko, holding up his thumb and index finger to form a zero. Sergeant Panko estimated about 60 armored vehicles crossed near Novoazovsk. “This is what happened: they crossed the border, took up positions and started shooting.”

The Ukrainian Vinnytsia brigade met the cross-border advance over the six miles of countryside separating Novoazovsk from the Russian border, but later retreated to the western edge of town along the Rostov-Mariupol highway, where soldiers were collapsed in exhaustion on the roadside. “This is now a war with Russia,” Sergeant Panko said.

And as I mentioned above, Ukrainian forces have even captured ten Russian paratroopers.  Rather than denying who they are, the Russian government is claiming that they wandered into Ukraine by mistake

Ten Russian soldiers were detained in the Donetsk region of eastern Ukraine, that country’s Security Service said Tuesday, as tensions simmered over the conflict between Ukrainian forces and pro-Russian rebels.

The Russian soldiers were captured with documents and weapons on them, the Security Service said.

Moscow has repeatedly denied claims by Kiev that it has sent troops and weapons over the border into Ukraine, where the Ukrainian military is fighting pro-Russian rebels.

Russia’s state-run RIA Novosti news agency cited a source in the Russian Defense Ministry as saying the soldiers had been patrolling the border and “most likely crossed by accident” at an unmarked point.

The denials that Russian forces are actively operating inside eastern Ukraine have become so absurd that even some in the Russian press are openly questioning them.  For example, just check out this excerpt from a USA Today article that was posted on Wednesday…

Vedomosti, a liberal business daily, published an editorial Wednesday on events in Ukraine under the headline, “Are We Fighting?”

It noted the recent capture of the Russian soldiers on Ukrainian territory and reports of “mysterious funerals” of Russian soldiers, some of whom are officially counted dying during training exercises.

“The number of questions that hang in the air of the dead and detained Russian troops on the territory of Ukraine has reached a critical number. Does Russia fight in Ukraine and, if so, on what grounds? If not, then who is in those freshly dug graves or giving testimony at SBU (Russian Security service) interrogations?”

A Bloomberg editorial contained some more details about the “mystery funerals” that have been taking place inside Russia…

One such burial, of two soldiers, took place in the village of Vybuty near Pskov in northwestern Russia, where an airborne division is based. Efforts to conceal the deaths produced a fiasco. Though the wife of one paratrooper had reported his death on the Vkontakte social network, when a reporter, Ilya Vasyunin of the Russian Planet website, called the wife’s phone number, a woman who answered stated that the paratrooper was alive and well. Two reporters, from Russian Planet and TV Dozhd, who visited the cemetery where the two fresh graves had been seen were immediately attacked by men in black tracksuits. Local journalists, however, succeeded in photographing the graves. According to the independent TV Dozhd, the soldiers’ names and wreaths have been removed from the graves.

There are other reports of paratrooper funerals, which are hard to conceal. Soldiers have grieving families who do not necessarily share the authorities’ desire for deception. In any case, Ukrainian troops have captured some Russian paratroopers. For the first time since the conflict began in March, they were able to record interviews with them.

Sadly, most Americans are not paying much attention to this conflict.

Most Americans are not really going to care much about a war on the other side of the planet that does not directly involve us.

But they should care.

Because things are about to escalate to a level that we rarely saw even during the darkest moments of the Cold War.  Relations between the United States and Russia are spiraling downhill, and that could end up having a huge impact on all of our lives.

For example, in my previous article entitled “Russia Is Doing It – Russia Is Actually Abandoning The Dollar“, I discussed how this tug of war over Ukraine was causing Russia to think about moving away from the petrodollar.  Well, it turns out that now the Russians are actually taking concrete steps toward abandoning the petrodollar for good…

The Russian oil company Gazprom Neft has agreed to export 80,000 tons of oil from Novoportovskoye field in the Arctic; it will accept payment in rubles, and will also deliver oil via the Eastern Siberia-Pacific Ocean pipeline (ESPO), accepting payment in Chinese yuan for the transfers, the Russian business daily Kommersant reported Wednesday.

The Russian government and several of the country’s largest exporters have widely discussed the possibility of accepting payments in rubles for oil exports.

Last week, Russia began to ship oil from the Novoportovskoye field to Europe by sea. Two oil tankers are expected to arrive in Europe in September. According to Kommersant, the payment for these shipments will be received in rubles.

That is huge news, but you probably haven’t heard a thing about it on the big mainstream news networks.

Meanwhile, one thing that you probably have heard about is how “Russian hackers” attacked JPMorgan Chase earlier this month

Russian hackers attacked the U.S. financial system in mid-August, infiltrating and stealing data from JPMorgan Chase & Co. and at least one other bank, an incident the FBI is investigating as a possible retaliation for government-sponsored sanctions, according to two people familiar with the probe.

The attack resulted in the loss of gigabytes of sensitive data, said the people, who asked not to be identified because the probe is still preliminary. Authorities are investigating whether recent infiltrations of major European banks using a similar vulnerability are also linked to the attack, one of the people said.

As relations between the United States and Russia continue to decline precipitously, both sides will be looking for ways to hurt one another.

And that won’t be good for any of us.

So let us hope that cooler heads prevail.

But ultimately, this current conflict could end up taking us to a destination that the Cold War never did.

World War 3 will probably not happen next week, next month or even next year, but right now we are on a road which could eventually lead to the unthinkable.

Let us pray that our politicians are able to find the exit ramp at some point.

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