The Real Economic Numbers: 21.5 Percent Unemployment, 10 Percent Inflation And Negative Economic Growth

Every time the mainstream media touts some “wonderful new economic numbers” I just want to cringe.  Yes, it is true that the economic numbers have gotten slightly better since Donald Trump entered the White House, but the rosy economic picture that the mainstream media is constantly painting for all of us is completely absurd.  As you are about to see, if honest numbers were being used all of our major economic numbers would be absolutely terrible.  Of course we can hope for a major economic turnaround for America under Donald Trump, but we certainly are not there yet.  Economist John Williams of shadowstats.com has been tracking what our key economic numbers would look like if honest numbers were being used for many years, and he has gained a sterling reputation for being accurate.  And according to him, it looks like the U.S. economy has been in a recession and/or depression for a very long time.

Let’s start by talking about unemployment.  We are being told that the unemployment rate in the United States is currently “3.8 percent”, which would be the lowest that it has been “in nearly 50 years”.

To support this claim, the mainstream media endlessly runs articles declaring how wonderful everything is.  For example, the following is from a recent New York Times article entitled “We Ran Out of Words to Describe How Good the Jobs Numbers Are”

The real question in analyzing the May jobs numbers released Friday is whether there are enough synonyms for “good” in an online thesaurus to describe them adequately.

So, for example, “splendid” and “excellent” fit the bill. Those are the kinds of terms that are appropriate when the United States economy adds 223,000 jobs in a month, despite being nine years into an expansion, and when the unemployment rate falls to 3.8 percent, a new 18-year low.

Doesn’t that sound great?

It would be great, if the numbers that they were using were honest.

The truth, of course, is that the percentage of the population that is employed has barely budged since the depths of the last recession.  According to John Williams, if honest numbers were being used the unemployment rate would actually be 21.5 percent today.

So what is the reason for the gaping disparity?

As I have explained repeatedly, the government has simply been moving people from the “officially unemployed” category to the “not in the labor force” category for many, many years.

If we use the government’s own numbers, there are nearly 102 million working age Americans that do not have a job right now.  That is higher than it was at any point during the last recession.

We are being conned.  I have a friend down in south Idaho that is a highly trained software engineer that has been out of work for two years.

If the unemployment rate is really “3.8 percent”, why can’t he find a decent job?

By the way, if you live in the Boise area and you know of an opening for a quality software engineer, please let me know and I will get the information to him.

Next, let’s talk about inflation.

According to Williams, the way inflation has been calculated in this country has been repeatedly changed over the decades

Williams argues that U.S. statistical agencies overestimate GDP data by underestimating the inflation deflator they use in the calculation.

Manipulating the inflation rate, Williams argues in Public Comment on Inflation Measurement , also enables the US government to pay out pensioners less than they were promised, by fudging cost of living adjustments.

This manipulation has ironically taken place quite openly over decades, as successive Republican and Democratic administrations made “improvements” in the way they calculated the data.

If inflation was still calculated the way that it was in 1990, the inflation rate would be 6 percent today instead of about 3 percent.

And if inflation was still calculated the way that it was in 1980, the inflation rate would be about 10 percent today.

Doesn’t that “feel” more accurate to you?  We have all seen how prices for housing, food and health care have soared in recent years.  After examining what has happened in your own life, do you believe that the official inflation rates of “2 percent” and “3 percent” that we have been given in recent years are anywhere near accurate?

Because inflation is massively understated, that has a tremendous effect on our GDP numbers as well.

If accurate inflation numbers were being used, we would still be in a recession right now.

In fact, John Williams insists that we would still be in a recession that started back in 2004.

And without a doubt, a whole host of other more independent indicators point in that direction too.  The following comes from an excellent piece by Peter Diekmeyer

Williams’ findings, while controversial, corroborate a variety of other data points. Median wage gains have been stagnant for decades. The U.S. labour force participation rate remains at multi-decade lows. Even our own light-hearted Big Mac deflator suggests that the U.S. economy is in a depression.

Another clue is to evaluate the U.S. economy just as economists would a third world nation whose data they don’t trust. They do this by resorting to figures that are hard to fudge.

There, too, by a variety of measures—ranging from petroleum consumption to consumer goods production to the Cass Freight Index—the U.S. economy appears to have not grown much, if at all, since the turn of the millennium.

In the end, all that any of us really need to do is to just open our eyes and look at what is happening all around us.  We are on pace for the worst year for retail store closings in American history, and this “retail apocalypse” is hitting rural areas harder than anywhere else

This city’s Target store is gone.

So is Kmart, MC Sports, JCPenney, Vanity and soon Herberger’s, a department store.

“The mall is pretty sad,” says Amanda Cain, a teacher and mother. “Once Herberger’s closes, we’ll have no anchors.”

About two-thirds of Ottumwa’s Quincy Place Mall will be empty with Herberger’s loss.

Of course it isn’t just the U.S. economy that is troubled either.

We are living in the terminal phase of the greatest debt bubble in global history, many nations around the globe are already experiencing a very deep economic downturn, and our planet is literally in the process of dying.

So please don’t believe the hype.

Yes, we definitely hope that things will get better, but the truth is that things have not been “good” for the U.S. economy for a very, very long time.

Michael Snyder is a nationally syndicated writer, media personality and political activist. He is the author of four books including The Beginning Of The End and Living A Life That Really Matters.

The Truth About The Employment Numbers – Nearly 102 Million Working Age Americans Do Not Have A Job Right Now

Don’t get too excited about the “good employment numbers” that you are hearing about from the mainstream media.  The truth is that they actually aren’t very good at all.  For years, the federal government has been taking numbers out of one category and putting them into another category and calling it “progress”, and in this article we will break down exactly what has been happening.  We are being told that the U.S. unemployment rate has fallen to “3.8 percent”, which is supposedly the lowest that it has been “in nearly 50 years”.  If these were honest numbers that would be great news.  But these are not honest numbers…

Let’s take this one step at a time, and we are going to use the Federal Reserve’s own numbers.

According to the Fed, there were 6,065,000 working age Americans unemployed in May.

That would be an excellent number if it was an honest number.  But of course that number does not tell the whole story.

We also have to factor in the other category of working age Americans that are not currently employed.  They are not considered to be “officially unemployed” because they are considered to be “not in the labor force”.

According to the Federal Reserve, 95,915,000 working age Americans were “not in the labor force” in May.

That is an all-time record high, and this is how the federal government has been making the employment numbers look so good.  The number of Americans that are “officially unemployed” keeps going down, and the number of Americans “not in the labor force” keeps going up.

When you add 6,065,000 and 95,915,000 together, you come up with a grand total of 101,980,000 working age Americans that do not have a job right now.

So we essentially have 102 million working age Americans that are not employed, and that is the same level that we had four years ago.

And back during the peak of the last recession, the number of working age Americans without a job never surpassed the 100 million mark.

That means that there are more working age Americans without a job right now than there was at any point during the last recession.

All of those economic optimists out there should chew on that number for a while.

According to John Williams of shadowstats.com, if honest numbers were being used our unemployment rate would be somewhere around 21 percent at the moment.  That is a slight improvement from the 22 percent level that we were at not too long ago, but it is not nearly good enough.

So please don’t try to convince me that the U.S. economy is “doing well” until we can get the number of working age Americans without a job under 100 million.

Meanwhile, Americans continue to spend far more money than they are making. In fact, Americans have now been spending more than they are making for 28 months in a row.  The following comes from Zero Hedge

For the 28th month in a row, YoY growth in spending has outpaced incomes, sending the savings rate back down to just 2.8, the lowest since the debt-funded holiday spending spree of December 2017, and just shy of record lows.

Spending YoY is the highest since April 2017:

Adjusted for inflation, real consumption rose 0.4%, double the median projection of 0.2%. The Commerce Department said spending for gasoline and other energy goods, as well as household utilities, were leading contributors to the monthly increase in real outlays. Real durable goods spending, rose 0.3% after a 1.9% increase in the prior month; nondurable goods advanced 0.4% for a second month. Outlays on services, adjusted for inflation, rose 0.4% after a 0.3% gain in prior month.

Obviously this is not sustainable.

And in the final analysis, there is really nothing sustainable about our current economic situation.  We are in the terminal phase of the greatest debt bubble that humanity has ever seen, and there are an increasing number of indications that the party is about to come to a very abrupt end.

We have never recovered from the last recession, and all of our long-term financial imbalances have continued to get even worse.  For the moment, much of the country is enjoying a debt-fueled standard of living that they do not deserve, and most of them have absolutely no idea that there is no way that this state of affairs can continue for much longer.

As individuals, we simply cannot consume far more than we produce indefinitely, and the same thing is true for our nation as a whole.

Time is running out, but most Americans are completely oblivious to this very simple basic fact.

Michael Snyder is a nationally syndicated writer, media personality and political activist. He is the author of four books including The Beginning Of The End and Living A Life That Really Matters.

Worst Jobs Report In Nearly 6 Years – 102 Million Working Age Americans Do Not Have Jobs

You Are Fired - Public DomainThis is exactly what we have been expecting to happen.  On Friday, the Bureau of Labor Statistics announced that the U.S. economy only added 38,000 jobs in May.  This was way below the 158,000 jobs that analysts were projecting, and it is also way below what is needed just to keep up with population growth.  In addition, the number of jobs created in April was revised down by 37,000 and the number of jobs created in March was revised down by 22,000.  This was the worst jobs report in almost six years, and the consensus on Wall Street is that it was an unmitigated disaster.

The funny thing is that the Obama administration says that the unemployment rate actually went down last month.  Almost every month since Obama has been in the White House, large numbers of Americans that have been unemployed for a very long time are shifted from the “unemployment” category to the “not in the labor force” category.  This has resulted in a steadily falling “unemployment rate” even though the percentage of the population that is actually working has not changed very much at all since the depths of the last recession.

The Bureau of Labor Statistics claims that the number of Americans “not in the labor force” increased by 664,000 from April to May.  If you believe that, I have a giant bridge on the west coast that I would like to sell you.  The labor force participation rate is now down to 62.6, and it is hovering just above a 38 year low.

When you add the number of working age Americans that are “officially unemployed” (7.4 million) to the number of working age Americans that are considered to be “not in the labor force” (an all-time record high of 94.7 million), you get a grand total of 102.1 million working age Americans that do not have a job right now.

This is not a game.

So far in 2016, three members of my own extended family have lost their jobs.

According to Challenger, Gray & Christmas, layoffs at major firms are running 24 percent higher up to this point in 2016 than they were during the same time period in 2015.

It was only a matter of time before those layoffs started showing up in the official employment numbers, and I fully expect that this trend will accelerate in the months ahead.

And here are some other brand new numbers for you to consider…

-Since Barack Obama entered the White House, 14,179,000 Americans have “left the labor force” according to the Bureau of Labor Statistics.

-The quality of our jobs continues to deteriorate.  In May, 59,000 full-time jobs were lost, but 118,000 part-time jobs were gained.

-Since September 2014, 207,000 mining jobs have been lost.

-We just learned that U.S. factory orders have declined once again.  This marks the 18th month in a row that this has taken place, and we have never seen such an extended decline outside of a major recession.

-JPMorgan’s “recession indicators” have just soared to the highest level that we have seen since the last recession.

Needless to say, the financial community is pretty horrified by all of this news.  They were expecting a much better jobs report, and many of them are not hiding their disappointment.  Here is one example from the Wall Street Journal

This was an unqualified dud of a jobs report,” said Curt Long, chief economist at the National Association of Federal Credit Unions, noting “the unemployment rate fell, but for the wrong reason as labor force participation declined for the second consecutive month.”

And here is another example that comes from David Donabedian, the chief investment officer at Atlantic Trust Wealth Management…

We can’t find a positive nugget in today’s job report. If we were looking for signs of strength in this report, there is nothing to hang onto here.”

But of course the mainstream media is doing their best to put a positive spin on these numbers.  For instance, CNN just published a laughable article entitled “America’s economy is stronger than weak jobs report“.

And the White House insists that this new employment report really isn’t that big of a deal

The White House doesn’t get “too disappointed” over the number of unemployed and underemployed Americans.

“I’ve been reacting to jobs numbers here at the White House for more than seven years, and what is true today has been true in the past, which is, we don’t get too excited when jobs numbers are better than expected and we don’t get too disappointed when jobs numbers one-month are lower than expected,” White House Press Secretary Josh Earnest told CNBC.

But of course the truth is that it is a really big deal.  We just received major confirmation that the U.S. economy has slipped into recession mode.

For months, I have been writing about how virtually every other indicator has been screaming that a new economic crisis had already begun.

But the employment numbers had remained fairly decent up until now.  Employment is typically considered to be a “lagging indicator”, which means that it isn’t one of the first places we would expect to see signs of a recession show up.  However, it is inevitable that the official unemployment numbers will reflect an economic downturn eventually, and that is what we are starting to see now.

What this means is that you probably have even less time to get prepared for what is ahead than you may have originally thought.

The U.S. economy has already entered the early chapters of the next great economic crisis, and most of the population is going to be caught totally off guard and will suffer tremendously.

If our leaders had made better decisions since the last crisis, things could have turned out differently.  But instead, they continued to conduct business as usual, and now we will reap what they have sown.

*About the author: Michael Snyder is the founder and publisher of The Economic Collapse Blog. Michael’s controversial new book about Bible prophecy entitled “The Rapture Verdict” is available in paperback and for the Kindle on Amazon.com.*

Recession 2016: In Some States, A Very Deep Economic Downturn Has Already Arrived

Recession 2016 - Public DomainDid you know that there are some U.S. states that have already officially fallen into recession?  Economic activity all over the planet is in the process of slowing down, and there are some areas of the country that are really starting to feel the pain.  In particular, any state that is heavily dependent on the energy industry is hurting right now.  During the years immediately following the last recession, the energy industry was the primary engine for the growth of good paying jobs in America, but now that process is completely reversing.  All over the U.S. energy companies are going under, and thousands upon thousands of good jobs are being lost.

On Sunday evening, Bloomberg published an article entitled “The U.S. States Where Recession Is Already a Reality“. The following is an excerpt from that article…

As economists size up the chances of the first nationwide slump since 2009, pockets of the country are already contracting. Four states — Alaska, North Dakota, West Virginia and Wyoming — are in a recession, and three others are at risk of prolonged declines, according to indexes of state economic performance tracked by Moody’s Analytics.

The three additional states that are “at risk of prolonged declines” are Louisiana, New Mexico and Oklahoma.  What all of those seven states have in common is a strong dependence on the energy industry.  Last year, 67 oil and gas companies in the United States filed for bankruptcy, and approximately 130,000 good paying energy jobs were lost.

If the price of oil does not go back up, this could be just the beginning.  It is being reported that a whopping 35 percent of all oil and gas companies around the planet are at risk of falling into bankruptcy, and the financial institutions that have been backing these energy companies are getting very nervous.

Of course things could shift dramatically for oil and gas companies if World War 3 suddenly erupts in the Middle East, and that could literally happen at any time.  But for the moment the outlook for the energy industry continues to be quite dreary.

Let us also keep in mind that the problems for the U.S. economy are not limited to the energy industry.  According to CNBC, corporate profits in the United States have now declined for three straight quarters, and this is the very first time this has happened since the last recession…

With 87 percent of the S&P 500 reporting, total blended fourth-quarter earnings have shown a decline of 3.6 percent, according to FactSet. Assuming the trend holds up, it will mark the first time profits have fallen for three straight quarters since 2009.

But the road ahead doesn’t get any easier.

FactSet is now projecting that earnings will decline 6.9 percent in the first quarter, a stunning move lower over time considering that in September the expectation was for 4.8 percent growth.

As corporate profits fall, layoffs are starting to increase.  Just the other day we learned that the number of job cuts in this country shot up 218 percent during the month of January according to Challenger, Gray & Christmas.

It is starting to look very much like 2008 all over again, and I am convinced that it will soon be much, much harder to find work in America.

Here are some more numbers that indicate that the U.S. is heading into a major economic slowdown…

U.S. exports were down 7 percent on a year over year basis in December.

U.S. manufacturing activity has been in contraction for four months in a row.

U.S. factory orders have fallen for 14 months in a row.

The Restaurant Performance Index in the United States has dropped to the lowest level that we have seen since 2008.

Orders for Class 8 trucks in the United States dropped by 48 percent on a year over year basis in January.

But the mainstream media continues to try to convince all of us that everything is going to be just fine.  Earlier today, CNN ran an article entitled “U.S. recession fears fade after market rally“, and the Wall Street Journal published an article entitled “The U.S. Economy Is in Good Shape” that got a tremendous amount of attention.

Well, if the U.S. economy is in such great shape, then why are some of the biggest retailers in the entire nation shutting down stores at a frightening pace.  The following list of store closures comes from one of my previous articles

-Wal-Mart is closing 269 stores, including 154 inside the United States.

-K-Mart is closing down more than two dozen stores over the next several months.

-J.C. Penney will be permanently shutting down 47 more stores after closing a total of 40 stores in 2015.

-Macy’s has decided that it needs to shutter 36 stores and lay off approximately 2,500 employees.

-The Gap is in the process of closing 175 stores in North America.

-Aeropostale is in the process of closing 84 stores all across America.

-Finish Line has announced that 150 stores will be shutting down over the next few years.

-Sears has shut down about 600 stores over the past year or so, but sales at the stores that remain open continue to fall precipitously.

Perhaps things look fine for the moment in New York City or Washington D.C. or San Francisco or wherever it is that these “reporters” write their articles.

But for ordinary Americans that operate in the real world, the pain of this new economic downturn is already exceedingly apparent.  Here is more from Bloomberg

Dale Oxley doesn’t need to hear about rising odds of a U.S. recession to dread the future. For the West Virginia homebuilder, the downturn has already arrived.

Everyone is going to have to tighten their belts,” said Oxley, the 48-year-old owner of a Charleston-area construction company. “The next couple of years are going to be difficult.”

Unfortunately for hard working Americans like Oxley, what we have seen so far is just the tip of the iceberg.

We have entered a long downturn that is ultimately going to be even more painful than the last recession was.

And everything changes if Saudi Arabia and Turkey get trigger happy and decide to invade Syria.  If that happens, it could very well be the spark that sets off World War 3 and a full-blown meltdown of the global financial system.

21 Facts About The Explosive Growth Of Poverty In America That Will Blow Your Mind

Poverty In America - Public DomainWhat you are about to see is more evidence that the growth of poverty in the United States is wildly out of control.  It turns out that there is a tremendous amount of suffering in “the wealthiest nation on the planet”, and it is getting worse with each passing year.  During this election season, politicians of all stripes are running around telling all of us how great we are, but is that really true?  As you will see below, poverty is reaching unprecedented levels in this country, and the middle class is steadily dying.  There aren’t enough good jobs to go around, dependence on the government has never been greater, and it is our children that are being hit the hardest.  If we have this many people living on the edge of despair now, while times are “good”, what are things going to look like when our economy really starts falling apart?  The following are 21 facts about the explosive growth of poverty in America that will blow your mind…

#1 The U.S. Census Bureau says that nearly 47 million Americans are living in poverty right now.

#2 Other numbers from the U.S. Census Bureau are also very disturbing.  For example, in 2007 about one out of every eight children in America was on food stamps.  Today, that number is one out of every five.

#3 According to Kathryn J. Edin and H. Luke Shaefer, the authors of a new book entitled “$2.00 a Day: Living on Almost Nothing in America“, there are 1.5 million “ultrapoor” households in the United States that live on less than two dollars a day.  That number has doubled since 1996.

#4 46 million Americans use food banks each year, and lines start forming at some U.S. food banks as early as 6:30 in the morning because people want to get something before the food supplies run out.

#5 The number of homeless children in the U.S. has increased by 60 percent over the past six years.

#6 According to Poverty USA, 1.6 million American children slept in a homeless shelter or some other form of emergency housing last year.

#7 Police in New York City have identified 80 separate homeless encampments in the city, and the homeless crisis there has gotten so bad that it is being described as an “epidemic”.

#8 If you can believe it, more than half of all students in our public schools are poor enough to qualify for school lunch subsidies.

#9 According to a Census Bureau report that was released a while back, 65 percent of all children in the U.S. are living in a home that receives some form of aid from the federal government.

#10 According to a report that was published by UNICEF, almost one-third of all children in this country “live in households with an income below 60 percent of the national median income”.

#11 When it comes to child poverty, the United States ranks 36th out of the 41 “wealthy nations” that UNICEF looked at.

#12 The number of Americans that are living in concentrated areas of high poverty has doubled since the year 2000.

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

#14 40.9 percent of all children in the United States that are being raised by a single parent are living in poverty.

#15 An astounding 48.8 percent of all 25-year-old Americans still live at home with their parents.

#16 There are simply not enough good jobs to go around anymore.  It may be hard to believe, but 51 percent of all American workers make less than $30,000 a year.

#17 There are 7.9 million working age Americans that are “officially unemployed” right now and another 94.7 million working age Americans that are considered to be “not in the labor force”.  When you add those two numbers together, you get a grand total of 102.6 million working age Americans that do not have a job right now.

#18 Owning a home has traditionally been a signal that you belong to the middle class.  That is why it is so alarming that the rate of homeownership in the United States has been falling for eight years in a row.

#19 According to a recent Pew survey, approximately 70 percent of all Americans believe that “debt is a necessity in their lives”.

#20 At this point, 25 percent of all Americans have a negative net worth.  That means that the value of what they owe is greater than the value of everything that they own.

#21 The top 0.1 percent of all American families have about as much wealth as the bottom 90 percent of all American families combined.

If we truly are “the greatest nation on the planet”, then why can’t we even take care of our own people?

Why are there tens of millions of us living in poverty?

Perhaps we really aren’t so great after all.

It would be one thing if economic conditions were getting better and poverty was in decline.  At least then we could be talking about the improvement we were making.  But despite the fact that we are stealing more than a hundred million dollars from future generations of Americans every single hour of every single day, poverty just continues to grow like an aggressive form of cancer.

So what is wrong?

Why can’t we get this thing fixed?

Tell us what you think we should do as a nation to solve this problem by posting a comment below…

 

19 Signs That American Families Are Being Economically Destroyed

19 - Public DomainThe systematic destruction of the American way of life is happening all around us, and yet most people have no idea what is happening.  Once upon a time in America, if you were responsible and hard working you could get a good paying job that could support a middle class lifestyle for an entire family even if you only had a high school education.  Things weren’t perfect, but generally almost everyone in the entire country was able to take care of themselves without government assistance.  We worked hard, we played hard, and our seemingly boundless prosperity was the envy of the entire planet.  But over the past several decades things have completely changed.  We consumed far more wealth than we produced, we shipped millions of good paying jobs overseas, we piled up the biggest mountain of debt in the history of the world, and we kept electing politicians that had absolutely no concern for the long-term future of this nation whatsoever.  So now good jobs are in very short supply, we are drowning in an ocean of red ink, the middle class is rapidly shrinking and dependence on the government is at an all-time high.  Even as we stand at the precipice of the next great economic crisis, we continue to make the same mistakes.  In the end, all of us are going to pay a very great price for decades of incredibly foolish decisions.  Of course a tremendous amount of damage has already been done.  The numbers that I am about to share with you are staggering.  The following are 19 signs that American families are being economically destroyed…

#1 The poorest 40 percent of all Americans now spend more than 50 percent of their incomes just on food and housing.

#2 For those Americans that don’t own a home, 50 percent of them spend more than a third of their incomes just on rent.

#3 The price of school lunches has risen to the 3 dollar mark at many public schools across the nation.

#4 McDonald’s “Dollar Menu & More” now includes items that cost as much as 5 dollars.

#5 The price of ground beef has doubled since 2009.

#6 In 1986, child care expenses for families with employed mothers used up 6.3 percent of all income.  Today, that figure is up to 7.2 percent.

#7 Incomes fell for the bottom 80 percent of all income earners in the United States during the 12 months leading up to June 2014.

#8 At this point, more than 50 percent of all American workers bring home less than $30,000 a year in wages.

#9 After adjusting for inflation, median household income has fallen by nearly $5,000 since 2007.

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

#11 47 percent of all Americans do not put a single penny out of their paychecks into savings.

#12 One survey found that 62 percent of all Americans are currently living paycheck to paycheck.

#13 According to the U.S. Department of Education, 33 percent of all Americans with student loans are currently behind on their student loan debt repayments.

#14 According to one recent report, 43 million Americans currently have unpaid medical debt on their credit reports.

#15 The rate of homeownership in the U.S. has been declining for seven years in a row, and it is now the lowest that it has been in 20 years.

#16 For each of the past six years, more businesses have closed in the United States than have opened.  Prior to 2008, this had never happened before in all of U.S. history.

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

#18 If you have no debt at all, and you also have 10 dollars in your wallet, that you are wealthier than 25 percent of all Americans.

#19 On top of everything else, the average American must work from January 1st to April 24th just to pay all federal, state and local taxes.

All of us know people that once were doing quite well but that are now just struggling to get by from month to month.

Perhaps this has happened to you.

If you have ever been in that position, you probably remember what it feels like to have people look down on you.  Unfortunately, in our society the value that we place on individuals has a tremendous amount to do with how much money they have.

So if you don’t have much money, there are a lot of people out there that will treat you like dirt.  The following excerpt comes from a Washington Post article entitled “The poor are treated like criminals everywhere, even at the grocery store“…

Want to see a look of pure hatred? Pull out an EBT card at the grocery store.

Now that my kids are grown and gone, my Social Security check is enough to keep me from qualifying for government food benefits. But I remember well when we did qualify for a monthly EBT deposit, a whopping $22 — and that was before Congress cut SNAP benefits in November 2013. Like 70 percent of people receiving SNAP benefits, I couldn’t feed my family on that amount. But I remember the comments from middle-class people, the assumptions about me and my disability and what the poor should and shouldn’t be spending money on.

Have you ever seen this?

Have you ever experienced this yourself?

These days, most people on food stamps are not in that situation because they want to be.  Rather, they are victims of our long-term economic collapse.

And this is just the beginning.  When the next major economic crisis strikes, the suffering in this country is going to go to unprecedented levels.

As we enter that time, we are going to need a whole lot more love and compassion than we are exhibiting right now.

As a nation, we have made decades of incredibly bad decisions.  As a result, we are experiencing bad consequences which are going to become increasingly more severe.

The numbers that I just shared with you are not good.  But over the next several years they are going to get a whole lot worse.

Everything that can be shaken will be shaken, and life in America is about to change in a major way.

 

When It Comes To ISIS, Obama Is Utterly Clueless

Barack Obama - FacebookThe most savage group of Islamic terrorists that any of us have ever seen has taken over large portions of Iraq, Syria and Libya.  As they go along, they are gleefully beheading, crucifying and torching innocent civilians.  They believe that they are living in the end times, and that they are part of a great Islamic army that will defeat “the forces of Rome” and bring about a glorious new age during which Islam rules the entire planet.  But Barack Obama and his minions absolutely refuse to use the words “Islam” or “Muslim” when discussing ISIS.  Instead, as you will see below, the Obama administration insists that the reason that ISIS exists is because of a lack of “job opportunities” in that area of the world.  If we could just find enough good jobs for the terrorists, apparently the entire problem of Islamic terror would just fade away according to them.  This kind of twisted politically correct thinking is going to be one of the things that leads to the downfall of this country.  Tens of thousands of crazed maniacs are not setting people on fire and beheading innocent civilians because they can’t find gainful employment.  Rather, the truth is that these radicals are obsessed with an apocalyptic version of Islam which dominates every moment of their lives.  If we deny why they are doing what they are doing because it does not fit with our view of how the world is supposed to work, then we are never going to have any hope of defeating this evil.  And without a doubt, ISIS is evil.

On Monday night, State Department Spokesperson Marie Harf appeared on the Chris Matthews Show.  What she had to say about the current situation in the Middle East during that television appearance shows how completely and utterly clueless the Obama administration is when it comes to ISIS…

“We’re killing a lot of them and we’re going to keep killing more of them,” Harf said. “So are the Egyptians, so are the Jordanians. They’re in this fight with us. But we cannot win this war by killing them. We cannot kill our way out of this war. We need in the medium to longer term to go after the root causes that leads people to join these groups, whether it’s lack of opportunity for jobs… We can work with countries around the world to help improve their governance. We can help them build their economies so they can have job opportunities for these people.

Really?

That is the best that our government can come up with?

What in the world is happening to this country?

These are religiously motivated killers that are absolutely obsessed with their Islamic beliefs.  To suggest otherwise is utter insanity.  But the White House has become so politically correct that it will not even use the words “Islam” or “Muslim” when talking about ISIS…

On the eve of a White House summit on “countering violent extremism” that has already drawn complaints from some Muslim groups, the administration in its response to the beheading of 21 Egyptian Copts has not mentioned the religious affiliation of either the killers or victims.

Absent from a 192-word statement from White House press secretary Josh Earnest condemning the brutal killings were the words “Christian,” “Coptic,” “Islam” or “Muslim.”

There was a single reference to “faith” – “ISIL’s barbarity knows no bounds. It is unconstrained by faith, sect, or ethnicity.”

These terrorists truly do seem to take great joy in slaughtering people.  For example, just today we learned that ISIS burned 45 people to death in one small Iraqi town

Militants from Islamic State have burned 45 people to death in the western Iraqi town of al-Baghdadi, according to the local police chief.

Col Qasim al-Obeidi said the motive was unknown but he believed some of the victims were members of the security forces.

He has pleaded for help from the government and international community and said the compound, which houses the families of security personnel and local officials, was now under attack.

It follows the capture of al-Baghdadi, near Ain al-Asad air base, by ISIS fighters last week.

With each passing day, ISIS grows even stronger and gains more ground.

In fact, the amount of territory that ISIS controls in Syria has doubled since the beginning of the airstrikes against them.

If ISIS continues to grow, someday they will conduct operations inside the United States.  And when they do, there will be no limits.  If they had the opportunity, they would kill virtually every man, woman and child in this nation.  That is how insane they are.

In order to understand ISIS, you have to understand what motivates them.  The following is an excerpt from a recent CNS News article

In The Atlantic magazine for March 2015, reporter Grame Wood wrote an extensive article on the Islamic State and noted,  “The reality is that the Islamic State is IslamicVery Islamic. Yes, it has attracted psychopaths and adventure seekers, drawn largely from the disaffected populations of the Middle East and Europe. But the religion preached by its most ardent followers derives from coherent and even learned interpretations of Islam.”

“Virtually every major decision and law promulgated by the Islamic State adheres to what it calls, in its press and pronouncements, and on its billboards, license plates, stationery, and coins, ‘the Prophetic methodology,’ which means following the prophecy and example of Muhammad, in punctilious detail,” said Wood.

In addition, as I noted above, the followers of ISIS consider themselves to be part of an end times Islamic army that will win the final battle against the forces that oppose Islam.  ISIS is publishing a magazine named “Dabiq” that describes their apocalyptic worldview very clearly

The name of the Dabiq magazine itself helps us understand ISIS’ worldview. The Syrian town of Dabiq is where the Prophet Mohammed is supposed to have predicted that the armies of Islam and “Rome” would meet for the final battle that will precede the end of time and the triumph of true Islam.

In the recent issue of Dabiq it states: “As the world progresses towards al-Malhamah al-Kubrā, (‘the Great Battle’ to be held at Dabiq) the option to stand on the sidelines as a mere observer is being lost.” In other words, in its logic, you are either on the side of ISIS or you are on the side of the Crusaders and infidels.

So how do you defeat such an enemy?

Needless to say, giving them “good jobs” is not going to solve anything.

Meanwhile, even though large amounts of the weapons that we have airdropped to the “Syrian rebels” have repeatedly fallen into the hands of ISIS, the Obama administration plans to send the Syrian rebels even more weapons.  In addition, he wants to give the “Syrian rebels” the ability to call in U.S. airstrikes

The Obama administration is preparing to equip the so-called “moderate” Syrian rebels with the ability to order U.S. air strikes despite the group’s admitted allegiance to the Islamic State.

The rebel groups will be provided with radios to call in strikes from American B-1B bombers as well as pickup trucks with mounted machine guns as the president puts the final touches on plans to train as many as 3,000 rebels in Jordan and Turkey by the end of 2015.

The planes will reportedly use similar munitions to those seen in Afghanistan, targeting anything from small vehicles to tanks with 500 and 2,000-pound guided bombs.

Aside from the Toyota Hi-Lux trucks, multiple groups of rebels will also be given mortars and possibly antitank weapons as well.

When I first read that the Obama administration wants to give the “Syrian rebels” the ability to order U.S. air strikes, I was absolutely dumbfounded.

How could anyone be so stupid?

When it comes to dealing with ISIS, it seems like Obama is almost constantly making the wrong moves.

In the end, our nation could pay a great price for his foolishness.

So what do you think about all of this?  Please feel free to share your thoughts by posting a comment below…