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

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Is America About To Reach A Breaking Point? Anger Grows As Unemployment Benefits Get Cut

Breaking PointIn America today, there are close to 50 million people living in poverty and there are more than 100 million people that get money from the federal government every month.  As the middle class disintegrates, poverty is climbing to unprecedented levels.  Even though the stock market has been setting record high after record high, the amount of anger and frustration boiling just under the surface in our nation grows with each passing day.  And now extended unemployment benefits have been cut off for 1.3 million unemployed Americans, and it is being projected that a total of 5 million unemployed Americans will lose their benefits by the end of 2014.  In addition, as I have written about previously, 47 million Americans recently had their food stamp benefits reduced.  The conditions for a "perfect storm" are certainly being created.  So how much longer will it be until we see all of this anger and frustration boil over in the streets of our major cities?  Is America about to reach a breaking point? (Read More....)

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The Coming Food Stamp Riots

Riot Control - Photo by James McCauleyIt may not happen this month, or even this year, but food stamp riots are coming to America.  In fact, we got a small preview of the coming food stamp riots this past weekend when a "temporary system failure" caused food stamp cards to stop working in 17 U.S. states.  Within hours, there were "mini-riots" at Wal-Marts and other retailers that rely heavily on food stamp users.  So what would happen if food stamp benefits were cut off or reduced for an extended period of time?  As you will see below, if Congress had not pushed through a "deal", the USDA would have started cutting off food stamp benefits on November 1st.  Considering the fact that 47 million Americans are on food stamps and more than 100 million Americans are enrolled in at least one welfare program run by the federal government, that could have sparked massive rioting.  So the good news is that the coming food stamp riots will probably not happen in November.  The bad news is that the "deal" in Congress only delays the political fighting until after Christmas.  In just a few months we will be dealing with a potential "government shutdown" and a debt ceiling deadline once again. (Read More....)

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The Decline Of Breadwinner Jobs Has Resulted In The Longest Bread Lines In American History

The_Bread_Line_by_George_Benjamin_Luks,_Dayton_Art_InstituteAs the number of good jobs continues to decline, the number of Americans that cannot take care of themselves without government assistance continues to explode.  On Friday, we learned that the U.S. economy added "195,000 jobs" last month.  But when you look deeper at the numbers, another story emerges.  Last month, the U.S. economy actually lost 240,000 full-time jobs.  Overall, the U.S. economy has only added 130,000 full-time jobs in 2013, but it takes about 90,000 full-time jobs a month just to keep up with population growth.  So we are losing quite a bit of ground as far as full-time jobs are concerned.  Meanwhile, the U.S. economy has added more than 500,000 part-time jobs so far this year.  Unfortunately, there are very, very few part-time and temp jobs that can be considered "breadwinner jobs".  Part-time jobs are great for teenagers, university students and elderly people that only want to work a limited number of hours, but what most Americans need are good paying full-time jobs with benefits that will allow them to take care of their families.  Unfortunately, those jobs are continually becoming a smaller part of our economy. (Read More....)

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10 Amazing Charts That Demonstrate The Slow, Agonizing Death Of The American Worker

10 Amazing Charts That Demonstrate The Slow, Agonizing Death Of The American WorkerThe middle class American worker is in danger of becoming an endangered species.  The politicians are not telling you the truth, and the mainstream media is certainly not telling you the truth, but the reality is that there is nothing but bad news on the horizon for workers in the United States.  In the old days, when the big corporations that dominate our society did well, that also meant good things for American workers since those corporations would need more of us to work for them.  But in the emerging one world economic system that our economy is being merged into, those corporations have other choices now.  For instance, the big corporations can now choose to limit the number of "expensive" American workers that they employ by shipping millions of jobs to the other side of the world.  And from their perspective, it makes perfect sense.  They can make much bigger profits by hiring people on the other side of the planet to work for them for less than a dollar an hour.  If they can get good production out of those people, then why should they hire Americans for ten to twenty times as much, plus have to give those Americans health insurance and other benefits?  Another major factor in the slow, agonizing death of the American worker is technology.  We live during a period when technology is advancing at a pace that is almost unimaginable at the same time that it is steadily becoming cheaper and cheaper.  That means that it is going to become easier and easier for companies to replace workers with robots and computers.  As I have written about previously, it is being projected that our economy will lose millions of jobs to technology in the coming years.  Yes, some of us will still be needed to help build the robots and the computers, but not all of us will.  And of course the overall general weakness of the economy is not helping matters either.  The American people inherited the greatest economic machine in the history of the world, and we have wrecked it.  Decades of very foolish decisions have resulted in the period of steady economic decline that we are experiencing now. (Read More....)

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The More Illegal Immigrants That Go On Food Stamps The More Money JP Morgan Makes

Greed - Photo by J. Solana from Madrid, SpainRecently uncovered documents prove that the Obama administration has been working with the Mexican government to increase the number of illegal immigrants on food stamps, and when more illegal immigrants go on food stamps JP Morgan makes more money.  As you will read about below, JP Morgan has made at least 560 million dollars processing Electronic Benefits Transfer cards.  Each month, JP Morgan makes between $.31 and $2.30 for every single person on food stamps (and that does not even include things like ATM fees, etc).  So JP Morgan has a vested interest in seeing poverty grow and the number of people on food stamps increase.  Meanwhile, the Obama administration has been aggressively seeking to expand participation in the food stamp program.  Under Obama, the number of people on food stamps has grown from 32 million to more than 47 million.  And even though poverty in America is absolutely exploding, that apparently is not good enough for the Obama administration.  It has now come out that the U.S. Department of Agriculture has provided the Mexican government with literature that actively encourages illegal immigrants to enroll in food stamps.  One flyer contains the following statement in Spanish: "You need not divulge information regarding your immigration status in seeking this benefit for your children."  The bold and the underlining are in the original document in case you were wondering.  Overall, federal spending on food stamps increased from 18 billion dollars in 2000 to 85 billion dollars in 2012, and at this point one out of every five U.S. households in now enrolled in the food stamp program.  When people illegally or fraudulently enroll in the food stamp program, it makes it harder for those that desperately need the help to be able to get it. (Read More....)

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Rise Of The Droids: Will Robots Eventually Steal All Of Our Jobs?

Rise Of The Droids: Will Robots Eventually Steal All Of Our Jobs? - Photo by stephen bowlerWill a robot take your job?  We have entered a period in human history when technology is advancing at an exponential rate.  In some ways, this has been a great blessing for humanity.  For example, I am absolutely blown away by all of the things that my little iPod can do.  But on the other hand, all of this technology is eliminating millions upon millions of high paying jobs.  In the past, I have written extensively about how millions of American jobs have been sent to the other side of the world, but now we may be moving into a time when workers all over the planet will be steadily losing jobs to super-efficient robots.  For employers, robots provide a lot of advantages to human workers.  Robots never complain, they never get tired, they never need vacation, they never show up late, they never waste time of Facebook, they don't need any health benefits and there are a whole lot of rules, regulations and taxes that you must deal with when you hire a human worker.  In the past, robots were exceedingly expensive, and that limited their usefulness in the workplace, but as you will see later in this article that is rapidly changing.  As robots continue to become even more advanced and even less expensive, will there eventually come a point where the "human worker" is virtually obsolete? (Read More....)

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The Twinkie That Broke The Economy’s Back?

Can you hear that sound?  It is the sound of the air being let out of the economy.  Since the election, there has been a massive tsunami of layoffs and business failures.  Of course the company that is making the biggest headlines right now is Hostess.  On Monday, Hostess will be in a New York bankruptcy courtroom as it begins the process of liquidating itself.  Needless to say, Twinkie lovers all over America are horrified.  Many are running out to grocery stores and hoarding as many as they can find, and some online sellers are already listing boxes of 10 Twinkies for as much as $10,000 on auction websites such as eBay.  Well, there is really no reason to panic.  It is very likely that another company will purchase the Twinkie brand and continue to produce them.  In fact, it is already being rumored that a Mexican company may have the inside track.  But even though the Twinkie may survive, the failure of Hostess is yet another sign of how weak the U.S. economy has become.  Approximately 18,500 Hostess workers will be losing their jobs, and even if some of them are rehired by the company that takes over the Twinkie brand, the truth is that those workers will almost certainly be looking at greatly reduced pay and benefits.  Sadly, we are seeing this kind of thing happen all over America.  Large numbers of once thriving businesses are either shutting down or laying off workers.  Overall, the failure of Hostess is not that big of a deal for the U.S. economy.  But we may look back someday and remember Hostess as a symbol of the economic problems that were unleashed by the election of 2012.  Since November 6th, a wave of pessimism has swept over the economy and we are now seeing some of the worst economic numbers that we have seen in more than a year.  Many fear that we may have reached a tipping point and that things are only going to get worse from here. (Read More....)

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