Right now, we are witnessing a truly historic collapse of the economy, and yet most Americans do not understand what is going on. One of the biggest reasons why the American people do not understand what is happening to the economy is because our politicians and the mainstream media are not telling the truth. Barack Obama and Federal Reserve Chairman Ben Bernanke keep repeating the phrase “economic recovery” over and over, and this is really confusing for most Americans because things sure don’t seem to be getting much better where they live. There are millions upon millions of Americans that are sitting at home on their couches right now wondering why they lost their jobs and why nobody will hire them. Millions of others are wondering why the only jobs they can get are jobs that a high school student could do. Families all across America are wondering why it seems like their wages never go up but the price of food and the price of gas continue to skyrocket. We are facing some very serious long-term economic problems in this country, and we need to educate the American people about why the collapse of the economy is happening. If the American people don’t understand why they are losing their jobs, why they are losing their homes and why they are drowning in debt then they are going to keep on doing all of the same things that they have been doing. They will also keep sending the same idiot politicians back to Washington to represent us. There are some fundamental things about the economy that every American should know. The American people need to be shocked out of their entertainment-induced stupor long enough to understand what is really going on and what needs to be done to solve our nightmarish economic problems. If we do not wake up enough Americans in time, the economic collapse that is coming could tear this nation to shreds.
The U.S. economy was once the greatest economic machine in modern world history. It was truly a wonder to behold. It worked so well that entire generations of Americans came to believe that America would enjoy boundless prosperity indefinitely.
But sadly, prosperity is not guaranteed for any nation. Over the past several decades, some very alarming long-term economic trends have developed that are absolutely destroying the economy. If dramatic changes are not made soon, a complete and total economic collapse will be unavoidable.
Unfortunately, the American people will never agree to fundamental changes to our economic and financial systems unless they are fully educated about what is causing our problems. We have turned our backs on the principles of our forefathers and the principles of those that founded this nation. We have rejected the ancient wisdom that was handed down to us.
It has been said that those that sow the wind, shall reap the whirlwind.
We are about to experience the consequences of decades of really bad decisions.
Hopefully we can get the American people to wake up.
The following are 50 things that every American should know about the collapse of the economy….
#1 Do you remember how much was made of the “Misery Index” during the presidency of Jimmy Carter? At that time, the “Misery Index” was constantly making headlines in newspapers all across the country. Well, according to John Williams of Shadow Government Statistics, if we calculated unemployment and inflation the same way that we did back during the Carter administration, then the Misery Index today would actually be higher than at any point during the presidency of Jimmy Carter.
#2 According to the U.S. Bureau of Labor Statistics, an average of about 5 million Americans were being hired every single month during 2006. Today, an average of about 3.5 million Americans are being hired every single month.
#3 According to the Wall Street Journal, there are 5.5 million Americans that are currently unemployed and yet are not receiving unemployment benefits.
#4 All over America, state and local governments are selling off buildings just to pay the bills. Investors can now buy up government-owned power plants, prisons and municipal buildings from coast to coast. For example, the mayor of Newark, New Jersey recently sold off 16 government buildings (including the police and fire headquarters) just to pay some bills.
#5 When Americans think of “government debt”, most of them only think of the federal government, but it is not just the federal government that has a massive debt problem. State and local government debt has reached an all-time high of 22 percent of U.S. GDP.
#6 If you can believe it, one out of every seven Americans has at least 10 credit cards.
#7 Credit card usage in the United States is on the increase once again. During the month of March, revolving consumer credit jumped 2.9%. Sadly, it looks like Americans have not learned their lessons about the dangers of credit card debt.
#8 Last year, Social Security ran a deficit for the first time since 1983, and the “Social Security deficits” in future years are projected to be absolutely horrific.
#9 The U.S. government now says that the Medicare trust fund will run out five years faster than they were projecting just last year.
#10 Right now we are watching what could potentially be the worst Mississippi River flood ever recorded play out right in front of our eyes. One agricultural economist at Mississippi State University believes that this disaster could do 2 billion dollars of damage just to farms alone.
#11 The “tornadoes of 2011” that we just saw in the southeast United States are being called the worst natural disaster that the U.S. has seen since Hurricane Katrina. It has been estimated that up to 25 percent of all of the poultry houses in Alabama were either significantly damaged or destroyed. It is also believed that millions of birds were killed.
#12 The economic effects of the BP oil spill just seem to go on and on and on. The number of very sick fish in the Gulf of Mexico is really starting to alarm scientists. The following is how one local newspaper recently described the situation….
Scientists are alarmed by the discovery of unusual numbers of fish in the Gulf of Mexico and inland waterways with skin lesions, fin rot, spots, liver blood clots and other health problems.
#13 The number of “low income jobs” in the U.S. has risen steadily over the past 30 years and they now account for 41 percent of all jobs in the United States.
#14 All over America, hospitals that care for the poor and needy are so overwhelmed and are so broke that they are being forced to shut down. Recently, a local newspaper in Florida ran an article about two prominent charity hospitals in Illinois that have served the poor for more than 100 years but are now asking for permission to shut down….
Two charity hospitals in Illinois are facing a life-or-death decision. There’s not much left of either of them – one in Chicago’s south suburbs, the other in impoverished East St. Louis – aside from emergency rooms crowded with patients seeking free care. Now they would like the state’s permission to shut down.
#15 The U.S. dollar is in such bad shape that now even Steve Forbes is predicting that the U.S. is “likely” to go back to a gold standard within the next five years.
#16 Most Americans don’t realize how much the U.S. dollar has been devalued over the years. An item that cost $20.00 in 1970 would cost you $115.93 today. An item that cost $20.00 in 1913 would cost you $454.36 today.
#17 Over the past 12 months the average price of gasoline in the United States has gone up by about 30%.
#18 U.S. oil companies will bring in about $200 billion in pre-tax profits this year. They will also receive about $4.4 billion in specialized tax breaks from the U.S. government.
#19 It is being projected that for the first time ever, the OPEC nations are going to bring in over a trillion dollars from exporting oil this year. Their biggest customer is the United States.
#20 According to the Pentagon, there are minerals worth over a trillion dollars under the ground in Afghanistan. Now, J.P. Morgan is starting to tap those riches with the help of the U.S. military.
#21 Speaking of J.P. Morgan, most Americans don’t realize that they are actually the largest processor of food stamp benefits in the United States. In fact, the more Americans that go on food stamps the more money that J.P. Morgan makes.
#22 When 2007 began, there were about 26 million Americans on food stamps. Today, there are over 44 million on food stamps, and one out of every four American children is on food stamps.
#23 Back in 1965, only one out of every 50 Americans was on Medicaid. Today, one out of every 6 Americans is on Medicaid.
#24 Only 66.8% of American men had a job last year. That was the lowest level that has ever been recorded in all of U.S. history.
#25 The financial system is more vulnerable today than it was back in 2008 before the financial panic. Today, the world financial system has been turned into a giant financial casino where bets are made on just about anything you can possibly imagine, and the major Wall Street banks make a ton of money from this betting system. The system is largely unregulated (the new “Wall Street reform” law has only changed this slightly) and it is totally dominated by the big international banks. The danger from derivatives is so great that Warren Buffet once called them “financial weapons of mass destruction”. It is estimated that the “derivatives bubble” is somewhere in the neighborhood of a quadrillion dollars, and once it pops there isn’t going to be enough money in the entire world to bail everyone out.
#26 Between December 2000 and December 2010, the United States ran a total trade deficit of 6.1 trillion dollars with the rest of the world, and the U.S. has had a negative trade balance every single year since 1976.
#27 The United States has lost an average of 50,000 manufacturing jobs per month since China joined the World Trade Organization in 2001, and the U.S. trade deficit with China is now 27 times larger than it was back in 1990.
#28 In 2010, the number one U.S. export to China was “scrap and trash”.
#29 All over the United States, many of our once great manufacturing cities are being transformed into hellholes. In the city of Detroit today, there are over 33,000 abandoned houses, 70 schools are being permanently closed down, the mayor wants to bulldoze one-fourth of the city and you can literally buy a house for one dollar in the worst areas.
#30 During the first three months of this year, less new homes were sold in the U.S. than in any three month period ever recorded.
#31 New home sales in the United States are now down 80% from the peak in July 2005.
#32 America’s real estate crisis just seems to get worse and worse. U.S. home prices have now fallen a whopping 33% from where they were at during the peak of the housing bubble.
#33 According to a new report from the AFL-CIO, the average CEO made 343 times more money than the average American did last year.
#34 The European debt crisis could cause a global financial collapse like the one that we saw in 2008 at any time. The world economy is incredibly interconnected today, and the United States would not be immune. A recent IMF report stated the following about the growing sovereign debt crisis in Europe….
Strong policy responses have successfully contained the sovereign debt and financial-sector troubles in the euro area periphery so far. But contagion to the core euro area and then onward to emerging Europe remains a tangible risk.
#35 According to one study, the 50 U.S. state governments are collectively 3.2 trillion dollars short of what they need to meet their pension obligations.
#36 A different study has shown that individual Americans are $6.6 trillion short of what they need to retire comfortably.
#37 The cost of college tuition in the United States has gone up by over 900 percent since 1978.
#38 According to the Bureau of Economic Analysis, health care costs accounted for just 9.5% of all personal consumption back in 1980. Today they account for approximately 16.3%.
#39 One study found that approximately 41 percent of working age Americans either have medical bill problems or are currently paying off medical debt.
#40 The combined debt of the major GSEs (Fannie Mae, Freddie Mac and Sallie Mae) has increased from 3.2 trillion in 2008 to 6.4 trillion in 2011. Thanks to our politicians, U.S. taxpayers are standing behind that debt.
#41 The U.S. government is over 14 trillion dollars in debt and the budget deficit for this year is projected to be about 1.5 trillion dollars. However, if the U.S. government was forced to use GAAP accounting principles (like all publicly-traded corporations must), the U.S. government budget deficit would be somewhere in the neighborhood of $4 trillion to $5 trillion each and every year.
#42 Most Americans don’t understand that the Federal Reserve and the debt-based monetary system that it runs are at the very heart of our economic problems. All of this debt is absolutely crushing us. The U.S. government spent over 413 billion dollars on interest on the national debt during fiscal 2010, and it is being projected that the U.S. government will be shelling out 900 billion dollars just in interest on the national debt by the year 2019.
#43 Standard & Poor’s has altered its outlook on U.S. government debt from “stable” to “negative” and is warning that the U.S. could soon lose its AAA rating.
#44 In 1980, government transfer payments accounted for just 11.7% of all income. Today, government transfer payments account for 18.4% of all income.
#45 U.S. households are now receiving more income from the U.S. government than they are paying to the government in taxes.
#46 59 percent of all Americans now receive money from the federal government in one form or another.
#47 According to Gallup, 41 percent of Americans believed that the economy was “getting better” at this time last year. Today, that number is at just 27 percent.
#48 The wealthiest 1% of all Americans now own more than a third of all the wealth in the United States.
#49 The poorest 50% of all Americans collectively own just 2.5% of all the wealth in the United States.
#50 The percentage of millionaires in Congress is more than 50 times higher than the percentage of millionaires in the general population.
































Barack Obama Is Wrong: 18 Facts Which Prove That Illegal Immigration Is An Absolute Nightmare For The U.S. Economy
Before we go any further, it is important for me to make a few points. It is not a bad thing that people want to come to this nation from another country. A lot of people that want to come to the United States are really hard working and have really solid character. This nation has a long tradition of immigrants arriving to build a better life here. At different times this country will need different levels of immigration, but we will always need new immigrants. People on one side of a border are not more “valuable” than people on another side of a border. There is a reason why our founding fathers believed that “all men are created equal”. In every nation on earth there are really wonderful people. We should love all men, women and children no matter where they were born and no matter what they look like. God created us all and He loves us all dearly.
The reason I went into all that is because of the way politics is played in America in 2011. The moment that anyone suggests that there might be a problem with illegal immigration they are immediately branded with all kinds of horrible labels. To put a horrible label on someone that is completely and totally untrue just to score political points is absolutely despicable.
The funny thing is that some of the organizations that denounce others the loudest should actually be examining themselves. For example, one of the largest pro-illegal immigration organizations is called “La Raza”, which literally means “The Race” (as if we all couldn’t figure it out). Perhaps it is time for them to come up with a new name.
Look, we all have to start learning to love each other. If not, our society is going to continue to break down.
A majority of the American people (yes, that is what the polls show) are not against illegal immigration because they “hate” another group of people. Rather, they just want all immigrants to go through the “front door” and they want the government to be sensitive to changing economic conditions.
The sad truth is that the U.S. government has absolutely refused to secure the U.S. border with Mexico for decades, and this has allowed millions upon millions of criminals, drug dealers and gang members to cross freely into the United States. In addition, by refusing to secure the border we have allowed new diseases to spread unchecked into this country.
Meanwhile, the law abiding people that would like to get into this country legally are put through absolute hell. I used to practice law and I have filled out immigration forms. The process is a complete and total nightmare.
So we have been making it really easy for law breakers to sneak in the back door of our country and we have been making it really hard for law abiding people to get in the front door.
What in the world could be wrong about wanting to fix that?
Once many illegal immigrants arrive in the United States they either try to make a living legally (by directly competing with blue collar American workers for jobs and driving their wages down) or illegally by selling drugs or being involved in other kinds of criminal activity.
Apparently Barack Obama believes that this kind of behavior should be rewarded with a “path to citizenship”.
The vast majority of illegal immigrants pay absolutely no federal or state income taxes and they never intend to. At the same time, they seem more than happy to take advantage of the free social services and benefits offered to them. In fact, stories of how “good” life in America is just encourages more and more immigrants to come to the United States illegally.
We need an immigration policy that insists that everyone come in through the front door.
Is there anyone out there that cannot agree with that?
We also need to set immigration levels that our economy can handle.
Right now our economy is struggling. Millions upon millions of Americans are out of work. 44 million Americans are on food stamps. 47 million Americans are living in poverty. We just can’t take in a whole lot of extra workers right now.
You would think that would just be common sense.
But instead, Barack Obama wants to grant amnesty to all of the illegal immigrants that are already here and put them on a path to citizenship.
Wow – do you think that might embolden millions more illegal immigrants to come flooding in?
Barack Obama is against a border fence. He says we don’t need it.
Meanwhile, thousands more illegal immigrants pour into this country every single day.
Barack Obama supports all of the “sanctuary cities” that have openly declared that they are not going to enforce our immigration laws.
So where do you think illegal immigrants are going to flock to? The truth is that word about these “sanctuary cities” gets around really fast. If you live in one of these cities, then you probably know all about it.
If Barack Obama gets his way, nobody will be breaking our immigration laws because essentially there will not be any more immigration laws.
Not that George W. Bush was any better. He was an absolute disaster on immigration as well.
The truth is that our immigration policy has been slowly eroding the U.S. middle class for many decades.
But according to Barack Obama, we desperately need to implement his “immigration reform” plan for the good of the middle class….
What a joke. The reality is that illegal immigration hurts that U.S. middle class and it is severely damaging to the U.S. economy. Because of illegal immigration, every single day wages are lost, taxes don’t get collected, hospitals provide “free health care” for which they are never paid, huge criminal gangs of foreigners are roaming our streets and the cost of providing social services to illegal aliens is slowly bankrupting state and local governments.
The following are 18 facts which prove that illegal immigration is an absolute nightmare for the U.S. economy….
#1 Illegal immigrants take jobs away from American citizens. According to a review of U.S. Bureau of Labor Statistics and Census Bureau data, legal and illegal immigrants gained over a million additional jobs between 2008 and 2010 even as millions of American citizens were losing their jobs during that same time period.
#2 The majority of our immigrants now sneak in through the “back door” that the federal government purposely leaves open. Thanks to the negligence of the federal government, far more people move into the United States illegally than come in through the legal immigration process. This has got to change.
#3 Illegal immigrants generally don’t pay taxes. The vast majority of illegal aliens would never even dream of paying income taxes, but Mexicans living in America send billions upon billions of dollars out of the United States and back to Mexico every single year.
#4 Although illegal aliens pay next to nothing in taxes, they have no problem receiving tens of billions of dollars worth of free education benefits, free health care benefits, free housing assistance and free food stamp benefits. Many communities in the United States now openly advertise that they will help illegal aliens with these things.
#5 The cost of educating the children of illegal immigrants is staggering. It is estimated that U.S. taxpayers spend $12,000,000,000 a year on primary and secondary school education for the children of illegal immigrants.
#6 Thanks to illegal immigration, California’s overstretched health care system is on the verge of collapse. Dozens of California hospitals and emergency rooms have shut down over the last decade because they could not afford to stay open after being endlessly swamped by illegal immigrants who were simply not able to pay for the services that they were receiving. As a result, the remainder of the health care system in the state of California is now beyond overloaded. This had led to brutally long waits, diverted ambulances and even unnecessary patient deaths. Sadly, the state of California now ranks dead last out of all 50 states in the number of emergency rooms per million people.
#7 It was estimated that there were approximately 7.7 million illegal aliens employed by U.S. employers during 2008. How much better would our economy look if all of those jobs were being filled by American workers?
#8 The region along the U.S./Mexico border is now an open war zone. Just across the U.S. border, the city of Juarez, Mexico is considered to be one of the most dangerous cities on the entire planet because of the brutal drug war being waged there. In fact, Juarez has now become the murder capital of the western hemisphere. Much of that violence has begun to spill over into areas of the southwestern United States.
For example, a while back NPR described one incident in the Juarez Valley that involved American citizens….
#9 A substantial percentage of young illegal immigrants end up in gangs. U.S. authorities say that there are now over 1 million members of criminal gangs operating inside the United States. According to federal statistics, these 1 million gang members are responsible for up to 80% of the violent crimes committed in the U.S. each year. Latino gangs made up primarily of illegal aliens are responsible for much of this violence.
According to the Center for Immigration Studies, some of the most notorious gangs in the country are made up almost entirely of illegal immigrants….
#10 The “18th Street Gang” is certainly giving MS-13 a run for their money. It is believed that the 18th Street Gang has thousands of members in the city of Los Angeles alone. In fact, the gang has become so notorious that there are even rumors that some police officers in Los Angeles simply will not venture into the areas most heavily controlled by the 18th Street gang.
The following is what Wikipedia says about the 18th Street Gang….
#11 The “drug war” in northern Mexico is one gigantic bloodbath. The Mexican government says that as many as 28,000 people have been slaughtered by the drug cartels since 2007. A very significant percentage of those deaths have happened in areas right along the U.S. border, and yet our federal government still sees no reason to get serious about border security.
#12 It is an open secret that Mexican drug cartels are openly conducting military operations inside the United States. The handful of border patrol agents that we have guarding the border are massively outgunned and outmanned.
One agent who patrols the border and who asked to remain anonymous told Fox News the following….
A different federal agent put it this way in an email to Fox News….
#13 Federal border officials say that Mexican drug cartels have not only set up shop on U.S. soil, but they are actually maintaining lookout bases in strategic locations in the hills of southern Arizona. If you go to Arizona today, there are actually signs that have been put up by the federal government warning American citizens not to venture into certain wilderness routes that are used by Mexican drug cartels to bring in drugs.
#14 The drug war being waged on both sides of the border is so violent that it is almost unimaginable. For example, one very prominent Mexican assassin known as “the soupmaker” has confessed that he made approximately 300 bodies disappear by dissolving them in acid baths. But right now there is essentially nothing that is preventing the next “soupmaker” from crossing the U.S. border and moving into your neighborhood.
#15 Arizona police are being openly warned by the Mexican drug cartels that if they try to interfere with the drug traffic in their area that they will be “taken out” by drug cartel snipers.
#16 While the U.S. military endlessly hunts for “members of al-Qaeda” in the caves of Afghanistan and on the streets of Iraqi cities, a very real threat has been building just south of the border. Over the past 15 to 20 years, Hezbollah has set up operations all over Mexico, Central America and South America. Hezbollah is reportedly making a lot of money in the drug trade and in trafficking illegal aliens. Sadly, our government is largely ignoring this.
#17 Each year, it costs the states billions of dollars to incarcerate illegal immigrant criminals that should have never been allowed into the country in the first place. It is estimated that illegal aliens make up approximately 30 percent of the population in federal, state and local prisons and that the total cost of incarcerating them is more than $1.6 billion annually.
#18 The drug cartels and the gangs always seem to be a couple steps ahead of our agents along the border. Approximately 75 tunnels along the U.S. border with Mexico have been discovered by law enforcement authorities in the last four years alone.
How much do you think all of this crime, gang violence and drug cartel activity is costing our economy?
Why won’t the federal government do what the Constitution requires and secure the border?
Oh, but Barack Obama says that he has a plan.
He says that he is going to save the day.
The following is how Barack Obama describes his plan…
So how many illegal immigrants do you think are going to step forward to pay a fine?
One percent?
How many of them do you think are going to show up for English classes?
Who is going to make them do it?
Obama?
Are we going to have law enforcement officials running around trying to collect fines from illegal immigrants and trying to get them to attend their English lessons?
According to Obama, the millions upon millions of illegal immigrants that are in this country are going to be glad to willingly do the following….
1) Admit they broke the law
2) Pay back taxes and a fine
3) Learn English
4) Be willing to undergo background checks before starting the legalization process
Those four points are taken directly from Obama’s plan.
So what are illegal immigrants going to do when this plan is passed?
99 percent of them are going to laugh and they are just going to keep on doing what they have been doing.
Large numbers of illegal immigrants are already enjoying the “high life” in the dozens of “sanctuary cities” across the United States.
The following is how the Ohio Jobs & Justice PAC defines sanctuary cities….
Sounds like a good deal to me.
Can I sign up for that plan?
After all, who wouldn’t want to earn all income tax-free and yet enjoy unlimited government services?
Today we are being told that we need to make life as comfortable as possible for the waves of illegal immigrants that are coming in. In fact, Barack Obama says that all of us need to make sure that our kids are learning how to speak Spanish….
All of this is utter insanity.
The cold, hard reality of the matter is that we have tightly secured the border between South Korea and North Korea for over 50 years and we could secure our own borders if we really wanted to.
But instead, we continue to leave our border with Mexico completely wide open. Thousands of criminals, gang members and drug pushers continue to come in completely unchecked every single day.
Meanwhile, the rest of us have to subject ourselves to some of the most humiliating “security measures” imaginable before we are even allowed to get on to an airplane.
It doesn’t make a whole lot of sense, does it?