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

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The Percentage Of Americans That Consider Themselves To Be “Lower Class” Is At An All-Time High

Urban Decay In BuffaloDo you consider yourself to be "lower class"?  Most Americans wouldn't dream of thinking that way.  Even at the toughest times of my own life, I always considered myself to be "middle class".  Traditionally, the vast majority of Americans have described themselves as either "middle class" or "working class", but now we are witnessing a huge shift.  According to survey results that were just released, the percentage of Americans that identify themselves as "lower class" is now at an all-time high.  It is still only 8.4 percent of the country, but the fact that this number is rapidly growing shows that something is changing on a very fundamental level.  In America today, less people than ever believe that they have the opportunity to make a better life for themselves, and according to a brand new Gallup poll that was just released, 20 percent of all Americans did not have enough money to buy food that they or their families needed at some point over the past year.  We have 47 million people on food stamps and we have more than 100 million Americans enrolled in at least one welfare program, and that does not even count Social Security or Medicare.  We have gone from a "land of opportunity" to a land where tens of millions of people are being crushed by the system. (Read More....)

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20 Signs That The U.S. Economy Is Heading For Big Trouble In The Months Ahead

20 Signs That The U.S. Economy Is Heading For Big Trouble In The Months Ahead - Photo by Frank KovalchekIs the U.S. economy about to experience a major downturn?  Unfortunately, there are a whole bunch of signs that economic activity in the United States is really slowing down right now.  Freight volumes and freight expenditures are way down, consumer confidence has declined sharply, major retail chains all over America are closing hundreds of stores, and the "sequester" threatens to give the American people their first significant opportunity to experience what "austerity" tastes like.  Gas prices are going up rapidly, corporate insiders are dumping massive amounts of stock and there are high profile corporate bankruptcies in the news almost every single day now.  In many ways, what we are going through right now feels very similar to 2008 before the crash happened.  Back then the warning signs of economic trouble were very obvious, but our politicians and the mainstream media insisted that everything was just fine, and the stock market was very much detached from reality.  When the stock market did finally catch up with reality, it happened very, very rapidly.  Sadly, most people do not appear to have learned any lessons from the crisis of 2008.  Americans continue to rack up staggering amounts of debt, and Wall Street is more reckless than ever.  As a society, we seem to have concluded that 2008 was just a temporary malfunction rather than an indication that our entire system was fundamentally flawed.  In the end, we will pay a great price for our overconfidence and our recklessness. (Read More....)

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We Are Witnessing The Death Of Small Business In America

Historically, small businesses have been the primary engine of new job creation in the United States.  If the economy was getting healthy, we would expect to see the number of jobs at new businesses rise.  Instead, we are witnessing just the opposite.  We are told that the economy is supposed to be "recovering", but the number of "startup jobs" at new businesses has fallen for five years in a row.  According to an analysis of U.S. Department of Labor data performed by economist Tim Kane, there were almost 12 startup jobs per 1000 Americans back in the year 2006.  By 2011, that figure had fallen to less than 8 startup jobs per 1000 Americans.  According to Kane, the number of jobs in the United States at businesses that are less than one year old has fallen from 4.1 million in 1994 to 2.5 million in 2010.  Overall, the number of "new entrepreneurs and business owners" has fallen by more than 50 percent as a percentage of the population since 1977.  The United States was once known as "the land of opportunity", but now that is fundamentally changing.  At this point we truly do have a "crisis of entrepreneurship" in this country, and that is a huge reason why America is in decline.  We are witnessing the slow death of the small business in America, and that is incredibly bad news for all of us. (Read More....)

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America In Decline: The Soul Crushing Despair Of Lowered Expectations

All over America tonight there are people that believe that their lives are over.  When you do everything that you know how to do to get a job and you still can't get one it can be absolutely soul crushing.  If you have ever been unemployed for an extended period of time you know exactly what I am talking about.  When you have been unemployed for month after month it can be very tempting to totally cut yourself off from society.  Those that are kind will look at you with pity and those that are cruel will treat you as though you are a total loser.  It doesn't matter that America is in decline and that our economy is not producing nearly enough jobs for everyone anymore.  In our society, one of the primary things that defines our lives is what we do for a living.  Just think about it.  When you are out in a social situation, what is one of the very first things that people ask?  They want to know what you "do".  Well, if you don't "do" anything, then you are not part of the club.  But the worst part of being unemployed for many Americans is the relentless pressure from family and friends.  Often they have no idea how hard it is to find a job in this economy - especially if they still have jobs.  Sometimes the pressure becomes too great.  Sadly, we are seeing unemployment break up a lot of marriages in America today.  Things are really hard out there right now.  A very large number of highly educated Americans have taken very low paying service jobs in recent years just so that they can have some money coming in even as they "look for something else".  Unfortunately, in many cases that "something else" never materializes.  In the past, America was "the land of opportunity" where anything was possible.  But today America has become "the land of lowered expectations" and the worst is yet to come. (Read More....)

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America 1950 vs. America 2012

Would you rather live in the America of 1950 or the America of 2012?  Has the United States changed for the better over the last 62 years?  Many fondly remember the 1950s and the 1960s as the "golden age" of America.  We emerged from World War II as the wealthiest and most powerful nation on the planet.  During that time period, just about anyone that wanted to get a job could find a job and the U.S. middle class expanded rapidly.  Back in 1950, America was still considered to be a "land of opportunity" and the economy was growing like crazy.  There was less crime, there was less divorce, the American people had much less debt and the world seemed a whole lot less crazy.  Most of the rest of the world deeply admired us and wanted to be more like us.  Of course there were a lot of things that were not great about America back in 1950, and there are many things that many of us dearly love that we would have to give up in order to go back and live during that time.  For example, there was no Internet back in 1950.  Instead of being able to go online and read the articles that you want to read, your news would have been almost entirely controlled by the big media companies of the day.  So there are definitely some advantages that we have today that they did not have back in 1950.  But not all of the changes have been for the better.  America is in a constant state of change, and many are deeply concerned about where all of these changes are taking us. (Read More....)

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Go West, Young Man (To North Dakota)

Are you unemployed and out of options?  Well, if you live in most areas of the country there is not much hope for you.  But there is one state where hiring is really hot right now.  If you are desperate for a job, you just might want to check out North Dakota.  Way back in the middle of the 19th centurty, author Horace Greeley gave young Americans the following advice: "Go West, young man, go West".  Well, we have reached another moment in U.S. history when it may be wise for many Americans to pick up and move to another part of the country in search of opportunity.  Of course traveling to North Dakota is not "going west" for all Americans, but for the majority of the population it is.  In the 19th century, many Americans traveled west because they believed those that told them that there was "gold in them thar hills", but today a different kind of "gold" is being found in North Dakota.  The state is currently enjoying a boom of "black gold", and all of that oil is creating a huge number of jobs.  If you are unemployed and you are desperate, you might want to check out North Dakota.  Desperate times call for desperate measures. (Read More....)

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