The Beginning Of The End
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By The Numbers: 20 Facts About The Collapse Of Europe That Everyone Should Know

By The Numbers - 20 Facts About The Collapse Of Europe That Everyone Should KnowThe economic implosion of Europe is accelerating.  Even while the mainstream media continues to proclaim that the financial crisis in Europe has been "averted", the economic statistics that are coming out of Europe just continue to get worse.  Manufacturing activity in Europe has been contracting month after month, the unemployment rate in the eurozone has hit yet another brand new record high, and the official unemployment rates in both Greece and Spain are now much higher than the peak unemployment rate in the United States during the Great Depression of the 1930s.  The economic situation in Europe is far worse than it was a year ago, and it is going to continue to get worse as austerity continues to take a huge toll on the economies of the eurozone.  It would be hard to understate how bad things have gotten - particularly in southern Europe.  The truth is that most of southern Europe is experiencing a full-blown economic depression right now.  Sadly, most Americans are paying very little attention to what is going on across the Atlantic.  But they should be watching, because this is what happens when nations accumulate too much debt.  The United States has the biggest debt burden of all, and eventually what is happening over in Spain, France, Italy, Portugal and Greece is going to happen over here as well. (Read More....)

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37 Facts That Show How Cruel This Economy Has Been To Millions Of Desperate American Families

Have you ever laid in bed awake at night with a knot in your stomach because you didn't know how your family was possibly going to make it through the next month financially?  Have you ever felt the desperation of not being able to provide the basic necessities for your family even though you tried as hard as you could?  All over America tonight, there are millions of desperate families that are being ripped apart by this economy.  There aren't nearly enough jobs, and millions of Americans that actually do have jobs aren't making enough to even provide the basics for their families.  When you have tried everything that you can think of and nothing works, it can be absolutely soul crushing.  Today, one of my regular readers explained that he was not going to be online for a while because his power had been turned off.  He has been out of work for quite a while, and eventually the money runs out.  Have you ever been there?  If you have ever experienced that moment, you know that it stays with you for the rest of your life.  If you are single that is bad enough, but when you have to look into the eyes of your children and explain to them why there won't be any dinner tonight or why they have to move into a homeless shelter it can feel like someone has driven a stake into your heart.  In this article you will find a lot of very shocking economic statistics.  But please remember that behind each statistic are the tragic stories of millions of desperately hurting American families. (Read More....)

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Not So Fast On That Whole Economic Recovery Thing

Not so fast.  Those that are publicly declaring that an economic recovery has arrived are ignoring a whole host of numbers that indicate that the U.S. economy is in absolutely horrendous shape.  The truth is that the health of an economy should not be measured by how well the stock market is doing.  Rather, the truth health of an economy should be evaluated by looking at numbers for things like jobs, housing, poverty and debt.  Some of the latest economic statistics indicate that unemployment is getting a little bit worse, that the housing market continues to deteriorate, that poverty in America continues to soar and that our debt problem is worse than ever.  If we were truly experiencing the kind of economic recovery that the United States has experienced after every other post-World War II recession we would see a sharp improvement across the board in most of our economic statistics.  But that simply is not happening.  Sadly, this is about as much of an "economic recovery" as we are going to get because soon the economy will be getting much worse.  So enjoy this period of relative stability while you can. (Read More....)

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If The Economy Is Improving….

Everywhere you turn these days, someone is proclaiming that the economy is improving.  Barack Obama is endlessly touting the "improvement" in the economy, the mainstream media is constantly talking about "the economic recovery" and an increasing number of Americans seem to be buying into this line of thinking.  A new NBC/Wall Street Journal poll found that 37 percent of Americans believe that the economy will improve over the next year, while only 17 percent of Americans believe that it will get worse.  But is the economy actually improving?  Not really.  At the moment things are relatively stable.  Some economic statistics are improving slightly and some continue to get even worse.  However, it is very important to keep in mind that one of the biggest reasons why things have stabilized is because the federal government is pumping more than a trillion dollars a year into the economy that it does not have.  The Obama administration is engaging in a debt binge unlike anything America has ever seen before, and yet many economic indicators are still in decline.  So what is going to happen when the federal government stops injecting gigantic waves of borrowed money into the economy?  That is a frightening thing to think about.  The best efforts of our "leaders" in Washington D.C. are not accomplishing a whole lot.  The Federal Reserve has pushed interest rates as low as they can go and the federal government is spending unprecedented amounts of money.  But even with the federal government and the Federal Reserve pushing the accelerator all the way to the floor, the economy is still not improving much at all.  Millions upon millions of Americans out there are anticipating some sort of a "great economic recovery", and they are going to be bitterly disappointed. (Read More....)

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