If you think that Donald Trump already has the Republican nomination locked up, then you don’t understand what is going on behind the scenes. It has long been my contention that the elite will move heaven and earth in order to keep Trump from ever setting foot in the Oval Office. One way that they could try to do this is by attempting to deny him the nomination at the Republican convention next month. Over the past couple of days, the Washington Post, CNN and a whole host of other mainstream news outlets have been reporting on a new “last-ditch effort” that has been launched by Republican operatives to get the Republican convention Rules Committee to unbind all of the delegates and allow them to vote however they want. As you will see below, they can do this, and if they get enough votes they will do it.
This current effort is different from what we have seen so far during this campaign season, because it is actually being organized by the delegates themselves. The following comes from the Washington Post…
Dozens of Republican convention delegates are hatching a new plan to block Donald Trump at this summer’s party meetings, in what has become the most organized effort so far to stop the businessman from becoming the GOP presidential nominee.
The moves come amid declining poll numbers for Trump and growing concern among Republicans that he is squandering his chance to defeat Democrat Hillary Clinton. Several controversies — including his racial attacks on a federal judge, his renewed call to temporarily ban Muslims from entering the United States and his support for changing the nation’s gun laws — have raised fears among Republicans that Trump is not really a conservative and is too reckless to run a successful race.
This movement is being spearheaded by a delegate from Colorado named Kendal Unruh. She is actually a key member of the Republican convention Rules Committee, and this is very important for reasons that I will explain below.
For her, it is not about getting some other specific candidate nominated. Rather, the entire goal is simply to stop Donald Trump…
“This literally is an ‘Anybody but Trump’ movement,” said Kendal Unruh, a Republican delegate from Colorado who is leading the campaign. “Nobody has any idea who is going to step in and be the nominee, but we’re not worried about that. We’re just doing that job to make sure that he’s not the face of our party.”
So what will it take for Unruh and her allies to be successful?
As Fox News explained, there are basically two courses of action…
To prevail, Unruh needs a majority of the 112 members of the convention rules committee, which has two delegates from each state and territory. Then, a majority of the full convention’s 2,472 delegates would have to approve.
There’s a Plan B. If Unruh can win over one-fourth support from the rules committee — just 29 delegates — the full convention must vote on her proposal. So far she’s got around 10 supporters though some prefer delaying the rule’s impact until the 2020 convention, she said.
On Thursday night, Unruh was on a conference call that included at least 30 delegates from 15 different states, and the Washington Post says that regional coordinators for this effort have been recruited “in Arizona, Iowa, Louisiana, Washington and other states.”
One individual that took part in this conference call on Thursday night told CNN that calls are pouring in from people all over the country that want to be part of this movement…
“I will tell you, about every two hours people contact me about how to join this effort,” Lonegan said. “This has never been done before, so there’s no textbook on how to do it. So we’re building an organic effort, state by state, to convince members of the Rules Committee to sign onto a rule that unbinds the delegates to vote their moral conscience.”
So could the Republican convention Rules Committee actually do this?
Could they actually unbind all of the delegates and allow them to vote however they wished?
Well, yes they actually could do this. As Time Magazine has explained, the Republican convention Rules Committee essentially has the power to make up any rules that they want…
It has the power to review and amend all of the rules of the Republican Party, pending ratification by the full convention. If it wanted to, it could insert a rule that says only candidates with blue hair could be the party’s nominee. It’s that powerful. In a contested scenario, the Rules Committee would be ground zero for fights over who and how candidates are nominated on the floor, as well as how the convention itself is conducted.
And thanks to political wrangling by the Cruz campaign, we do know that the rules committee is dominated by delegates that are loyal to Cruz…
The convention rules committee is made up of one man and one woman from each of the 50 states, U.S. territories, and the District of Columbia. Dominated by party insiders and loyalists to Texas Sen. Ted Cruz—who aggressively worked state conventions to secure slots on the committee—it remains to be seen what the committee’s appetite would be for such a dramatic break from the existing rules.
If I was Donald Trump, I would be taking this very, very seriously.
But at this point he seems to be brushing it off …
“I have tremendous support and get the biggest crowds by far and any such move would not only be totally illegal but also a rebuke of the millions of people who feel so strongly about what I am saying,” Trump said in a statement. “People that I defeated soundly in the primaries will do anything to get a second shot — but there is no mechanism for it to happen.”
Right at this moment we still have about a month left before the convention.
So that gives those involved in the anti-Trump movement quite a bit of time to rally their forces.
The rule change that would unbind all of the delegates and free them up to “vote their consciences” has already been drafted. Here is the text of the proposed rule change…
Preserving Delegates’ Ability to Vote Their Individual Conscience
The secretary of the national convention shall receive and faithfully announce and record each delegate’s vote in accordance with these rules. If any such delegate notifies the secretary of his or her intent to cast a vote of conscience, whether personal or religious, each such delegate shall be unbound and unconstrained by these rules on any given vote, including the first ballot for the selection of the Republican nominee for President of the United States, without the risk of challenge, sanction, or retribution by the Republican National Committee. Allowable personal reasons shall include the public disclosure of one or more grievous acts of personal conduct by a nominee candidate, including but not limited to, criminally actionable acts, acts of moral turpitude or extreme prejudice, and/or notorious public statements of support for positions that clearly oppose or contradict the policies embodied in the Republican Party’s platform as established at the national convention.
In my new book, I warn about the great political shaking that is coming to this nation, and if this rule change is even attempted at the Republican convention it would create seismic shifts in the U.S. political landscape.
Of course there is still one huge question that I have not even addressed in this article yet.
If Trump has the nomination taken away from him, who would the Republican nominee be?
Some are convinced that it would be Paul Ryan, but I believe that it would be somebody else.
Mitt Romney has certainly not hidden his disdain for Donald Trump, and right now he is quietly waiting in the wings. If the anti-Trump forces get their way, I believe that he would be the man that ultimately walks away with the prize.
*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.*
Because he can’t get Congress to approve the things that he wants to do, Barack Obama has apparently decided to rule by decree for the rest of his time in the White House. One of Obama’s latest moves is to try to ban some of the most popular ammunition for the most popular rifle in America. Previously, the Obama administration attempted unsuccessfully to ban the AR-15. That didn’t work, so now Obama is going after the ammunition. This is yet another example of the war on preppers that is going on all over the nation. Whether you are a gun owner or not, this assault on our constitutional rights should disturb you greatly. Barack Obama has promised to try to squeeze as much “change” as possible out of his last two years, and in the process he is “fundamentally transforming” America. But what will our country look like when he is done?
At the top of the Drudge Report today, there was a story from the Washington Examiner detailing this ammo ban…
As promised, President Obama is using executive actions to impose gun control on the nation, targeting the top-selling rifle in the country, the AR-15 style semi-automatic, with a ban on one of the most-used AR bullets by sportsmen and target shooters.
The Bureau of Alcohol, Tobacco, Firearms and Explosives this month revealed that it is proposing to put the ban on 5.56mm ammo on a fast track, immediately driving up the price of the bullets and prompting retailers, including the huge outdoors company Cabela’s, to urge sportsmen to urge Congress to stop the president.
And here is more on this ammo ban from the NRA…
As NRA has been reporting since the night the news broke, the Bureau of Alcohol, Tobacco, Firearms and Explosives (BATFE) is moving to infringe upon the rights of law-abiding gun owners with a drastic reinterpretation of a nearly 30-year-old law regulating so-called “armor piercing” ammunition. So draconian is BATFE’s new “Framework” that it would prohibit the manufacturing, importation, and sale of M855 ball ammunition, one of the most popular cartridges for the most popular rifle in America, the AR-15. Not coincidentally, the AR-15 is among the firearms the Obama Administration has unsuccessfully sought to outlaw. If they can’t ban the pie, so the thinking apparently goes, they might at least get the apples.
In an effort to thwart BATFE’s attempted action, NRA has worked with U.S. Representative Bob Goodlatte (R-Va.), Chairman of the House Judiciary Committee, to draft a letter to BATFE expressing the lawmakers’ opposition to the proposed Framework. To read a copy of the letter, please click this link.
According to the letter, “The idea that Congress intended [the ‘armor piercing’ ammunition law] to ban one of the preeminent rifle cartridges in use by Americans for legitimate purposes is preposterous.” It goes on to state that the law “should be construed in accordance with the American tradition of lawful firearms ownership, as protected by the Second Amendment.” This includes due consideration of “the many legitimate uses Americans make of their firearms including target practice, hunting, organized and casual competition, training and skills development, and instructional activities.“ The letter concludes with several pointed questions for B. Todd Jones, BATFE’s director, including why the agency bypassed the Administrative Procedures Act in proposing such a radical change to its prior interpretation and enforcement of the law.
The crazy thing about all of this is the fact that this ammunition has never met the legal definition of being “armor piercing”. So what the Obama administration is attempting to do is outside the law.
A recent Infowars article broke this down…
The ATF is trying to ban M855 AR-15 ammunition by declaring it “armor piercing,” despite the ammo containing lead which exempts it from the classification according to law.
To be considered “armor piercing” under 18 U.S.C. 921 (a)(17)(B), a bullet must have an entirely metal core or have a jacket weighting more than 25% of its weight, which wouldn’t include M855 rounds because their bullets are partly lead.
The definition in full:
(A) The term “ammunition” means ammunition or cartridge cases, primers, bullets, or propellent powder designed for use in any firearm.
(B) The term “armor piercing ammunition” means- (i) a projectile or projectile core which may be used in a handgun and which is constructed entirely (excluding the presence of traces of other substances) from one or a combination of tungsten alloys, steel, iron, brass, bronze, beryllium copper, or depleted uranium; or (ii) a full jacketed projectile larger than .22 caliber designed and intended for use in a handgun and whose jacket has a weight of more than 25 percent of the total weight of the projectile.
(C) The term “armor piercing ammunition” does not include shotgun shot required by Federal or State environmental or game regulations for hunting purposes, a frangible projectile designed for target shooting, a projectile which the Attorney General finds is primarily intended to be used for sporting purposes, or any other projectile or projectile core which the Attorney General finds is intended to be used for industrial purposes, including a charge used in an oil and gas well perforating device.
Needless to say, this ban is creating quite a bit of panic among gun owners.
Many gun owners are stocking up on this ammo while they still can…
Word of ATF’s proposal sparked a run on ammo at some Springfield gun stores, and steep price spikes for steel-tipped military surplus ammo at some online ammo dealers. Rounds that sold for 25 to 30 cents apiece tripled at some some stores after BATF posted its proposal on its web site.
“We sold out of what we had in stock,” said Ryan Cook, manager of Eagle Armory in Springfield. “We didn’t have a lot in the store but I might have sold four or five cases after ATF’s statement came out. I called our suppliers but they said there was none available to order. It’s like the ammo shortage before. People are going to panic.”
Like I said earlier, even if you are not a gun owner you have got to be extremely concerned about this erosion of our constitutional rights.
We have a man occupying the White House that seems absolutely determined to stretch the limits of presidential power as far as they can possibly go.
And at this point he has become so arrogant that he doesn’t even care if Congress believes that what he is doing is legal. Just consider what he said during one recent speech…
Pres. Obama is daring Republicans to vote on whether or not his executive actions are legal.
Discussing opposition to his executive amnesty orders at an immigration town hall Wednesday, Obama said he would veto the vote because his actions are “the right thing to do”:
“So in the short term, if Mr. McConnell, the leader of the Senate, and the Speaker of the House, John Boehner, want to have a vote on whether what I’m doing is legal or not, they can have that vote. I will veto that vote, because I’m absolutely confident that what we’re doing is the right thing to do.”
This is how republics die. When one man starts grabbing more and more power and nobody stops him, eventually a dictatorship is born.
This is not what our founding fathers intended. If they could see us today, they would be rolling over in their graves.
And a lot of Americans are getting fed up.
In fact, according to one recent survey only 47 percent of Americans still believe that Obama loves this country…
While the creepy #ILOVEOBAMA continues to trend on Twitter, fewer than half of American adults, 47 percent, say they believe that the president loves his country.
According to a survey conducted by Huffington Post/YouGov and released this week, a whopping 35 percent of Americans, more than one in three, believe that Obama doesn’t love the United States, while 17 percent said they weren’t sure.
The poll was conducted in the wake of former New York City Mayor Rudy Giuliani telling a gathering in Manhattan that “I do not believe, and I know this is a horrible thing to say, but I do not believe that the president loves America.”
So what do you think?
Do you believe that what Obama is trying to do is legal?
And do you believe that Obama actually loves this country and everything that it is supposed to stand for?
Please feel free to add to the discussion by posting a comment below…
A house divided against itself will surely fall. America is more divided today than it has been in decades, and the deep divisions that are tearing us apart continue to get even worse. In fact, a newly released Rasmussen Reports national survey discovered that 67 percent of voters believe that America is even more divided now than it was four years ago. We are angry, we are frustrated and we love to fight with one another, but none of this strife and discord is getting us anywhere. What most Americans can agree on is that we are facing tremendous problems as a nation. One average of recent polls found that only 26 percent of Americans believe that this country is heading in the right direction and 63.8 percent of Americans believe that this country is heading in the wrong direction. Unfortunately, there is very little agreement on what the solutions to our problems are. That is where the division is. As a nation, we no longer have a shared set of values or principles that provides a foundation for our decisions. Everyone just kind of does whatever is right in their own eyes, and the result is chaos. At a minimum, the U.S. Constitution was supposed to bond all of us together, but it has become clear that very few of our lawless politicians have any respect for that document at this point. And the American people must not have too much respect left for the Constitution either, because they keep sending the very same politicians back to Washington over and over again. Unless a miracle happens, everyone is going to keep pulling in different directions, and that is going to continue ripping our country to shreds.
The issues that divide us are countless. The following are just a few examples…
-U.S. Military Intervention In Foreign Countries
-Shipping Our Jobs Overseas
-Cost Of Living/Inflation
-The Gap Between The Wealthy And The Poor
-The Size And Role Of Government
-Global Warming/Climate Change
-The Emerging Big Brother Police State
-The War On Drugs
-The War On Terror
-U.S. Relationship With Israel
-The Role Of Faith In Society
I could go on and on with this list, but I think that you get the point.
If you pick just about any issue on that list, there are large numbers of Americans that want to take us one way and large numbers of Americans that want to take us exactly in the opposite direction. In many instances, both sides consider their opponents to be the epitome of evil.
Sadly, the fights that take place among those that are supposed to be on the same side are often even more disturbing. Some of the most bitter fighting that I have ever witnessed has been between people that should be working together. In fact, it often seems like a lot of people would rather fight others in their own “movement” than do something constructive.
And actually the establishment loves when we fight with one another. The more divided that we are, the easier we are to control.
I am often asked if I think that there is any hope for a political solution in this country.
I wish that I could be more optimistic when I answer, but as divided as this country is right now I see absolutely no hope for a political solution on the national level any time soon.
Even though Darth Vader has a higher favorability rating than any 2016 White House contenders, it is inevitable that one of them (with the full backing of the elite) will be our next president. And even though a few incumbents will be knocked out of Congress in 2014 and 2016, history has shown us that incumbents typically have a victory rate of more than 80 percent in election after election.
We keep sending the same jokers back to D.C. again and again and yet we continue to keep expecting different results.
Are we insane or what?
In a previous article, I noted a whole bunch of other polls and surveys that show how dissatisfied the American people have become with our government…
#1 65 percent of Americans are dissatisfied “with the U.S. system of government and its effectiveness”. That is the highest level of dissatisfaction that Gallup has ever recorded.
#2 66 percent of Americans are dissatisfied “with the size and power of federal government”.
#3 70 percent of Americans do not have confidence that the government will “make progress on the important problems and issues facing the country in 2014.”
#4 Only 8 percent of Americans believe that Congress is doing a “good” or “excellent” job.
#5 Only 4 percent of Americans believe that it would “change Congress for the worse” if every member was voted out during the next election.
#6 60 percent of Americans report feeling “angry or irritable”. Two years ago that number was at 50 percent.
#7 53 percent of Americans believe that the Obama administration is “not competent in running the government”.
#8 An all-time low 31 percent of Americans identify themselves as Democrats.
#9 An all-time low 25 percent of Americans identify themselves as Republicans.
#10 An all-time high 42 percent of Americans identify themselves as Independents.
Clearly the American people are sick and tired of politics as usual.
But even if we voted out every single member of Congress, who would we replace them with?
That is where not having a shared set of values and principles comes into play.
Even if we could start from scratch, the new politicians that the American people would send to Congress would not suddenly look like the founding fathers.
That is because we no longer believe in the same values and principles that they did.
Instead, an entirely new Congress would probably end up looking very much like the old Congress did.
I wish that national unity was just as easy as saying something like this: “Come on guys – let’s all just get together and agree to do what is right for the country.”
That sounds really good, but what is right for the country?
In America today, there is very little agreement about what is right and wrong anymore.
And politically, it is hard enough to get a handful of people to agree on much of anything these days, much less the millions upon millions of people that would be required to form a viable political movement.
So no, I don’t believe that there will be a political solution on the national level any time soon. The government that we have already reflects what is in the hearts of the American people.
Until we start seeing hearts change on a widespread basis, we are not going to see any significant change in Washington.
The American people are increasingly waking up to the fact that nothing ever seems to change in Washington D.C. no matter which political party is in power. In fact, as you will see later on in this article, an all-time high 53 percent of all Americans believe that neither party “represents the American people”. Over the past several decades, we have sent a Bush, a Clinton, another Bush and an Obama to the White House, but the policies coming out of Washington have remained pretty much the same the entire time. The mainstream media would have us believe that the Republicans and the Democrats are constantly fighting like cats and dogs, but the truth is that the Republicans want to take us to the same place that the Democrats want to take us – just a little more slowly perhaps. And behind the scenes, Republicans and Democrats have a good time with one another and they are ultimately controlled by the same set of oligarchs. The Americans people are really starting to recognize what a sham our system has become, and the numbers show that they are quite fed up with it.
I truly wish that things were different. When I was much younger, I was actively involved in politics and I enthusiastically campaigned for certain candidates. But then when they got to Washington D.C., they never did most of the things that they promised to do during their campaigns.
I was quite bewildered by this. At the time, I concluded that we just needed to send even more “good politicians” to D.C. and then things would finally turn around.
But things never did turn around. No matter which party had the upper hand, the same garbage continued to spew forth from Washington.
Ultimately, like millions of other Americans, I have come to see that there is not really much of a difference between Barack Obama, Hillary Clinton, Harry Reid and Nancy Pelosi on one side, and John Boehner, John McCain, Mitch McConnell and Jeb Bush on the other side.
Sure, if you listen to their campaign speeches you might be tempted to think that they were polar opposites, but when you watch what they actually do there is not that much that really separates them.
Fortunately, large numbers of Americans are starting to see through this disgusting charade. Most of our politicians are con men that tell us what we want to hear during their campaigns, and then after they are elected they forget all about us. Dissatisfaction with these politicians has risen to unprecedented levels in recent years, and that could be a good thing. The following are 12 numbers which prove that Americans are sick and tired of politics as usual…
#1 A national Rasmussen Reports survey has found that an all-time high 53 percent of all Americans believe that neither major political party “represents the American people”.
#2 According to a Real Clear Politics average of national polls, only 29 percent of Americans believe that the country is heading in the right direction.
#3 According to a Real Clear Politics average of national polls, Americans disapprove of the job that Barack Obama is doing by a 52.2 to 43.7 percent margin.
#4 According to a Real Clear Politics average of national polls, Americans disapprove of the job that Congress is doing by a 77.6 percent to 14.2 percent margin.
#5 52 percent of Americans “do not think the economy is fair to those willing to work hard”.
#6 65 percent of Americans are dissatisfied “with the U.S. system of government and its effectiveness”. That is the highest level of dissatisfaction that Gallup has ever recorded.
#7 Only 4 percent of Americans believe that it would “change Congress for the worse” if every member was voted out during the next election.
#8 An all-time low 31 percent of Americans identify themselves as Democrats.
#9 An all-time low 25 percent of Americans identify themselves as Republicans.
#10 An all-time high 42 percent of Americans identify themselves as Independents.
#11 60 percent of Americans report feeling “angry or irritable”. Two years ago that number was at 50 percent.
#12 70 percent of Americans do not have confidence that the federal government will “make progress on the important problems and issues facing the country in 2014”.
Of course at the heart of much of this dissatisfaction is the continuing problems in our economy. For example, check out the Gallup daily employment tracking survey that you can find right here. As you can see, the payroll to population number (those Americans working 30 hours a week or more) has been flatlining in the low forties for more than four years now. The truth is that there never has been an employment recovery in this nation since the last recession. For much more on all this, please see my previous article entitled “This Is What Employment In America Really Looks Like…”
The last wave of the economic crisis really devastated the middle class, and as a result record numbers of Americans have become dependent on the government. As I mentioned in one recent article, ten years ago the number of women working outnumbered the number of women on food stamps by more than a 2 to 1 margin. But now the number of women on food stamps actually exceeds the number of women that have jobs.
No wonder so many Americans are so angry. Things are not nearly as good as they used to be.
Unfortunately, even though so many people are angry and frustrated, there is very little consensus on the solutions to our problems.
Many Americans even want to throw out the principles that this country was founded upon entirely. For example, one recent survey discovered that 59 percent of all Americans believe that the U.S. Constitution is “outdated”.
That is a very chilling number. We live at a time when Americans are becoming increasingly ignorant about who we are, where we came from and how we get here.
And a lot of our fellow citizens do not even know how our system of government works. One survey actually found that only 25 percent of all Americans knew how long U.S. Senators are elected for (6 years), and only 20 percent of all Americans knew how many U.S. senators there are (100).
In the final analysis, it is hard to be optimistic about a political solution to any of our major problems in the near future. Most of our politicians are deeply corrupt, the American people are incredibly angry and are deeply divided, and the vast majority of campaigns for federal office are won by the candidate that raises the most money.
But perhaps there is something that I am missing. So what do you think? Do you believe that there is hope that we can get Washington D.C. turned around in the near future? Please feel free to share your thoughts by posting a comment below…
Show this article to anyone that believes that the economy has actually improved under Barack Obama. On Tuesday evening, Barack Obama once again attempted to convince all of us that things have gotten better while he has been in the White House. He quoted a few figures, used some flowery language and made a whole bunch of new promises. And even though he has failed to follow through on his promises time after time, millions upon millions of Americans continue to believe him. In fact, you can find a list of 82 unfulfilled promises from his previous State of the Union addresses right here. Soon we will have even more to add to that collection. At this point, you have to wonder if Obama even believes half the stuff that he is saying. Of course it is extremely unlikely that he is going to come out and admit that he has failed and that he has been lying to us this whole time, but without a doubt the gap between reality and what he is saying to the public is becoming ridiculously huge. To say that his credibility is “strained” would be a massive understatement. No, things have not been getting better in America. In fact, they continue to get even worse. The following are 32 statistics that Obama neglected to mention during the State of the Union address…
#1 According to a recent NBC News/Wall Street Journal poll, only 28 percent of all Americans believe that the country is moving in the right direction.
#2 In 2008, 53 percent of all Americans considered themselves to be “middle class”. In 2014, only 44 percent of all Americans consider themselves to be “middle class”.
#3 In 2008, 25 percent of all Americans in the 18 to 29-year-old age bracket considered themselves to be “lower class”. In 2014, an astounding 49 percent of them do.
#4 Right now there is approximately a billion square feet of vacant retail space in the United States.
#5 There are 46.5 million Americans that are living in poverty, and the poverty rate in America has been at 15 percent or above for 3 consecutive years. That is the first time that has happened since 1965.
#6 Barack Obama says that the unemployment rate has declined to 6.7 percent, but if the labor force participation rate was at the long-term average it would actually be approximately 11.5 percent, and it has stayed at about that level since the end of the last recession.
#7 While Barack Obama has been in the White House, the number of Americans on food stamps has gone from 32 million to 47 million.
#8 While Barack Obama has been in the White House, the percentage of working age Americans that are actually working has declined from 60.6 percent to 58.6 percent.
#9 While Barack Obama has been in the White House, the average duration of unemployment in the United States has risen from 19.8 weeks to 37.1 weeks.
#10 While Barack Obama has been in the White House, social benefits as a percentage of real disposable income has risen from about 17 percent to nearly 21 percent.
#11 While Barack Obama has been in the White House, the rate of homeownership in the United States has fallen to levels that we have not seen in nearly two decades.
#12 While Barack Obama has been in the White House, median household income in the United States has fallen for five years in a row.
#13 While Barack Obama has been in the White House, the average cost of a gallon of gasoline has gone from $1.85 to $3.27.
#14 At the end of Barack Obama’s first year in office, our yearly trade deficit with China was 226 billion dollars. Now it is over 300 billion dollars.
#15 Workers are taking home the smallest share of the income pie that has ever been recorded.
#16 Sadly, 1,687,000 fewer Americans have jobs today compared to exactly six years ago even though the population has grown significantly since then.
#17 One recent study found that about 60 percent of the jobs that have been “created” since the end of the last recession pay $13.83 or less an hour.
#18 Only 47 percent of all adults in America have a full-time job at this point.
#19 It is hard to believe, but an astounding 53 percent of all American workers make less than $30,000 a year.
#20 The Obama years have been absolutely brutal for small businesses. According to economist Tim Kane, the following is how the number of startup jobs per 1000 Americans breaks down by presidential administration…
Bush Sr.: 11.3
Bush Jr.: 10.8
#21 You can still buy a house in the city of Detroit for just one dollar.
#22 The U.S. cattle herd is at a 61 year low.
#23 It is being projected that health insurance premiums for healthy 30-year-old men will rise by an average of 260 percent under Obamacare.
#24 According to the most recent numbers from the U.S. Census Bureau, an all-time record 49.2 percent of all Americans are receiving benefits from at least one government program each month.
#25 When Barack Obama was first elected, the U.S. debt to GDP ratio was under 70 percent. Today, it is up to 101 percent.
#26 The U.S. national debt is on pace to more than double during the eight years of the Obama administration. In other words, under Barack Obama the U.S. government will accumulate more debt than it did under all of the other presidents in U.S. history combined.
#27 Right now, there are 1.2 million students that attend public schools in the United States that are homeless. That number has risen by 72 percent since the start of the last recession.
#28 Only 35 percent of all Americans say that they are better off financially than they were a year ago.
#29 Only 19 percent of all Americans believe that the job market is better than it was a year ago.
#30 According to a recent CNN poll, 70 percent of all Americans believe that “the economy is generally in poor shape”.
#31 According to a recent Pew Research survey, only 19 percent of all Americans trust the government. Back in 1958, 73 percent of all Americans trusted the government.
#32 According to another poll that was recently released, 70 percent of all Americans do not have confidence that the government will “make progress on the important problems and issues facing the country in 2014.”
Are you deeply concerned about the future of America? Is something in your gut telling you that our system is fundamentally broken and that the mainstream media is not telling you the truth about what is happening? If so, you are definitely not alone. Right now, there are millions upon millions of Americans that are absolutely horrified as they watch this nation deteriorate. In fact, according to an analysis of recent polling data conducted by Real Clear Politics, approximately 68 percent of all Americans believe that the country is on the wrong track and only 23.5 percent of all Americans believe that the country is on the right track. And of course our problems did not appear just recently. In fact, many of them are the result of decades of very foolish decisions and they are not going to be fixed easily. Unfortunately, there is very little consensus among Americans about how to fix any of our problems. There is more anger, frustration, hatred and division in the United States today than there has been in decades, and there is very little hope that the great storms that are looming on the horizon will be averted. Those that are wise are preparing for what is coming. Those that are not are going to be absolutely blindsided by what is rapidly approaching.
Once upon a time, America was the wealthiest nation on the entire globe by a huge margin and it had the largest and most thriving middle class the world had ever seen. But now America is drowning in the biggest ocean of red ink in the history of the planet and the middle class is being systematically destroyed.
If you read my articles on a regular basis, you already know all of this. But now there are certain factors that are going to cause the problems of the middle class to greatly accelerate.
For instance, just consider what Obamacare is going to do to millions of American families.
The Foundry recently posted a story that detailed the extreme hardship that Obamacare is going to impose on one middle class family in Sonora, California. This particular family is very healthy and does not have a history of health problems. Up until now, they have had a health insurance policy with Anthem Blue Cross Insurance that they have been very happy with.
Back in 2011, this family was paying $389 a month for health insurance.
In 2012, due to changes in California law that figure went up to $499 a month.
Now, this family has just received a letter informing them that their current plan is being canceled and that if they want a new plan it is going to cost them $1,252 a month.
Needless to say, that news did not go over very well with that family.
Just think about it.
Can you come up with an extra $753 a month for health insurance?
Most American families certainly cannot.
Well, Kate Joy and her husband sat down and started trying to figure out how they could squeeze the new health insurance policy into their budget. It turned out that they would have to cut out a lot of things. The following is a list of the proposed cuts that they have come up with so far…
- Stop paying the extra payment on my mortgage: $100/month
- Stop eating out: $150/month
- Don’t go to the movies: $36/month
- Switch to getting a haircut every other month: $15/month
- Stop getting manicures: $40/month
- Stop monthly charitable donations to Wounded Warrior and Habitat for Humanity: $70/month
- Stop saving for an annual anniversary getaway: $60/month
- No Christmas gifts to extended family: $40/month
- Quit buying beef at the grocery store: $100/month
- Teeth cleaning only once per year: $30/month
- Cancel all magazine/newspaper subscriptions: at least $30/month
- Cut DISH service to cheaper plan: $50/month
- Cancel land line phone service: $70/month
If they make all of those cuts, it will save the family $791 a month.
Understandably, that family is having a very hard time feeling optimistic about the future right now. In fact, at the end of the article Kate Joy is quoted as saying the following…
“I fear for what’s coming.”
And of course her family is not the only one that is being absolutely hammered by Obamacare.
In a previous article, I discussed the results of one study which showed that health insurance premiums for men are going to go up by an average of 99 percent under Obamacare and health insurance premiums for women are going to go up by an average of 62 percent under Obamacare.
And a different study found that health insurance premiums for healthy 30-year-old men are going to go up by an average of 260 percent under Obamacare.
All of this is going to suck a tremendous amount of “discretionary income” out of the economy.
In addition, millions upon millions of Americans are going to make the choice to go without health insurance altogether. And considering the level of care that we get in many of these hospitals that is understandable. For example, the body of 57-year-old Lynne Spalding was recently discovered in a stairwell at San Francisco General Hospital 17 days after she had disappeared from her hospital room.
Those that provide our “health care” don’t care about us as much as they did in the old days. Instead, the health care industry just wants to get as much money out of us as rapidly as they can and then move on to the next victim.
And of course health care is not the only thing that middle class families have to be concerned about these days. Our national employment crisis is getting even worse, incomes are shrinking, and Obama is pushing Congress to approve a secret treaty that will ship millions more of our jobs out of the country.
And there are certainly a lot of troubling economic signs as we head toward 2014. Just consider the following examples…
-Pending home sales in the United States have fallen for five months in a row.
-Machinery giant Caterpillar is reporting negative retail sales growth in every region on the globe. Historically, the sales growth of Caterpillar has been one of the most important indications of where the economy is headed next.
-Major banks are warning the Federal Reserve that they may have to start charging depositors a fee. In other words, you may soon have to pay for the “privilege” of putting your money in the bank.
Of course this is just the beginning. Things are going to get much, much worse in the years ahead as our economy continues to deteriorate.
And as things continue to fall apart, people are going to become a lot more desperate. To get an idea of what is coming to America, just look at what is happening in Greece. Some poor people in Greece have become so desperate that they are literally infecting themselves with HIV just so that they can get monthly government payments…
Suicides rose by 17% between 2007 and 2009 and to 25% in 2010, according to unofficial 2010 data (398). The Minister of Health reported a further 40% rise in the first half of 2011 compared with the same period in 2010. Suicide attempts have also increased, particularly among people reporting economic distress (610). Homicide and theft rates have doubled. HIV rates and heroin use have risen significantly, with about half of new HIV infections being self-inflicted to enable people to receive benefits of €700 per month and faster admission on to drug-substitution programmes. Prostitution has also risen, probably as a response to economic hardship. Health care access has declined as hospital budgets have been cut by about 40% (398) and it is estimated that 26 000 public health workers (9100 doctors) will lose their jobs (611). Further cuts are expected as a result of recent negotiations with the IMF and European Central Bank.
If you doubt this, you can find the original report with these findings right here.
A lot of people accuse me of being a “doom and gloomer” for writing articles like this.
A lot of people accuse me of trying to spread worry and fear.
But I do not see it that way at all.
I was recently asked what the number one issue is that has me so worried that it keeps me up at night.
Do you know what my answer was?
Nothing that I write about keeps me up at night.
I am not worried about what is coming and I do not believe in giving in to fear.
Rather, I believe that there is hope in understanding what is happening, and I believe that there is hope in getting prepared.
Do you want to know who is going to be totally giving in to worry, fear and despair in the years ahead?
The people that are not getting prepared right now.
Do you want to know who is going to be jumping off the top of tall buildings in the years ahead?
The people that are laughing at articles like this one.
For most adults in America, they primarily define their lives by their jobs, their material possessions and by all of the toys that they have accumulated. When those things get taken away, we are going to see a national hissy fit that is absolutely unprecedented.
The Republicans are not going to save us from the storm that is coming and neither are the Democrats.
It is coming.
That is why I am urging people to get prepared on an individual basis, a family basis and a community basis.
If you prepare yourself and your family now, you will have a much better chance of surviving the coming storm. And you will be in much better position to help those that will need your assistance.
If you think back throughout history, most of those that we consider to be the greatest “heroes” emerged during times of great crisis.
Well, another time of great crisis is coming, and this will be a tremendous opportunity for a new generation of heroes to arise.
So do not cower in fear because of what is coming. Rather, use this time to get prepared for the greatest challenges and the greatest opportunities that you have ever known.
When things are the darkest, that is when the light is needed the most.
Choose to be a light. America will soon need you greatly.
There is a war on compassion in America today. You are about to read about a Hawaii lawmaker that has used a sledgehammer to smash up at least 30 shopping carts that homeless people were using. Yes, you read that correctly. He is actually carrying a sledgehammer around so that he can destroy the belongings of homeless people. He claims that it is his intention “to do something practical that will really clean up the streets”. But as crazy as that sounds, the truth is that he is not alone. As you will read about below, there are dozens of major cities all over the country where feeding the homeless has been banned. In many of these instances, public officials are very open about the fact that the goal is to make their cities “cleaner” and “safer” places to live. They simply do not want the homeless around. In fact, there are some cities such as San Diego and San Francisco where social workers are actually giving homeless people one-way bus tickets out of town. If you doubt this, just keep reading. The United States is becoming a very cold, heartless place, and homeless people are increasingly being treated like human garbage in this country. So how bad will the treatment of the homeless become when the economy gets really bad?
When I first heard about a state representative out in Hawaii that was using a sledgehammer to go after homeless people, I could hardly believe it. But it is actually true. The following is a short excerpt from an RT article that was published earlier this week…
In the past two weeks residents in Hawaii noticed what appeared to be a crazed individual carrying a sledgehammer through the streets of Honolulu, a state lawmaker looking to rid the city of homeless people by targeting their belongings.
State Representative Tom Brower (D) is currently dedicated to dealing out his own personal brand of “justice” by seeking out homeless people and destroying their possessions. Brower estimates that he has used the sledgehammer to smash at least 30 shopping carts, rendering them useless by bashing in the front wheels.
“I got tired of telling people I’m trying to pass laws. I want to do something practical that will really clean up the streets,” he told Hawaii News Now. “I find abandoned junk, specifically shopping carts, and I remove them.”
How cold and heartless can one person possibly be?
The truth is that almost all of us are just a few bad breaks from being out on the street.
Hasn’t he ever needed a helping hand at some point in his life?
Unfortunately, government control freaks are cracking down on those that are trying to provide that “helping hand” all over the nation. For example, one Christian ministry in Harrisburg, Pennsylvania has recently been threatened with jail time for feeding the homeless…
Every week for more than five years, staff and volunteers associated with Isaiah 61 Ministries have provided meals, toiletries, clothing and other forms of assistance to the homeless men and women of Harrisburg, as well as to the poor and elderly. Because of the recent threats made by the Dauphin County commission, Isaiah 61 Ministries and several other ministries engaged in similar religious exercises throughout the rest of the week have been unable to serve those most in need of help at this time of year.
And in a previous article I wrote about an organization called Love Wins Ministries that made national headlines when police in Raleigh, North Carolina threatened to arrest them if they continued to distribute sausage biscuits and coffee to homeless people living in the heart of the city. The following is from a first-hand account from someone who actually witnessed the police threats…
On the morning of Saturday, August, 24, Love Wins showed up at Moore Square at 9:00 a.m., just like we have done virtually every Saturday and Sunday for the last six years. We provide, without cost or obligation, hot coffee and a breakfast sandwich to anyone who wants one. We keep this promise to our community in cooperation with five different, large suburban churches that help us with manpower and funding.
On that morning three officers from Raleigh Police Department prevented us from doing our work, for the first time ever. An officer said, quite bluntly, that if we attempted to distribute food, we would be arrested.
Our partnering church brought 100 sausage biscuits and large amounts of coffee. We asked the officers for permission to disperse the biscuits to the over 70 people who had lined up, waiting to eat. They said no. I had to face those who were waiting and tell them that I could not feed them, or I would be arrested.
Sadly, these are not isolated incidents. This kind of thing is happening all over the nation.
In fact, according to USA Today more than 50 other cities have passed laws against feeding the homeless…
Atlanta, Phoenix, San Diego, Los Angeles, Miami, Oklahoma City and more than 50 other cities have previously adopted some kind of anti-camping or anti-food-sharing laws, according to the National Law Center on Homelessness & Poverty.
And as I mentioned at the top of this article, some major cities are so disgusted by the homeless that they are actually giving them one-way bus tickets to other cities…
When her Greyhound bus pulled into town 6 months ago, Maria Castillo got off with two bags and dream.
“Start over, start a new life,” said the 42-year-old.
Castillo had been homeless in San Diego when a social worker offered her a one-way bus ticket to Portland.
“They said come here because all the opportunities in Portland, Oregon,” she said.
But Castillo said life isn’t much better in her new town. She’s still homeless. A Unit 8 investigation found several cities from San Diego to San Francisco are providing one-way bus tickets to the homeless.
When I saw that San Francisco was doing this, I just had to chuckle. San Francisco holds itself out as a “progressive” city that is a “model” for the rest of the nation to follow, and yet they are so disgusted by homeless people that they are giving them one-way tickets up to Portland.
What in the world is happening to America?
And this crisis is only going to get even worse in the years ahead. I write frequently about how the level of poverty in this country is growing very rapidly. If you doubt this, please see my previous article entitled “29 Incredible Facts Which Prove That Poverty In America Is Absolutely Exploding“.
When people think of the homeless, they often think of drunk bums sleeping on benches in our public parks. But the truth is that the ranks of the homeless include vast numbers of adults that would gladly work if they could, and the ranks of the homeless also include vast numbers of children.
Right now, there are 1.2 million public school students in America that are homeless. That is a new all-time record, and that number has grown by 72 percent since the start of the last recession.
There are so many people out there that are deeply hurting right now, but the control freaks that are running things don’t want us to help our neighbors.
The control freaks that are running things just want the homeless to go away so that their cities can be shiny and clean and pleasant for visitors that actually have money.
Well, I don’t care what those control freaks say. If I see someone that needs food or water, I am going to help that person out no matter what the “regulations” say.
And all of the cities that are banning feeding the homeless are literally cursing themselves. As a society, we will be judged on how we treat our most vulnerable members, and right now America is failing badly in this regard on a whole host of fronts.
The United States is steadily becoming a very cold-hearted place. Do not let that happen to you personally. Please remember to do what you can to love your less fortunate neighbors this winter.
Our society is literally starting to come apart at the seams right in front of our eyes.
In this kind of an environment, we are going to need a whole lot more love and compassion than we are seeing right now.
According to a whistleblower that has recently come forward, Census employees have been faking and manipulating U.S. employment numbers for years. In fact, it is being alleged that this manipulation was a significant reason for why the official unemployment rate dipped sharply just before the last presidential election. What you are about to read is incredibly disturbing. The numbers that the American people depend upon to make important decisions are being faked. But should we be surprised by this? After all, Barack Obama has been caught telling dozens of major lies over the past five years. At this point it is incredible that there are any Americans that still trust anything that comes out of his mouth. And of course it is not just Obama that has been lying to us. Corruption and deception are rampant throughout the entire federal government, and this has been the case for years. Now that some light is being shed on this, hopefully the American people will respond with overwhelming outrage and disgust.
The whistleblower that I mentioned above has been speaking to John Crudele of the New York Post. In his new article entitled “Census ‘faked’ 2012 election jobs report“, he says that the huge decline in the unemployment rate in September 2012 was “manipulated”…
In the home stretch of the 2012 presidential campaign, from August to September, the unemployment rate fell sharply — raising eyebrows from Wall Street to Washington.
The decline — from 8.1 percent in August to 7.8 percent in September — might not have been all it seemed. The numbers, according to a reliable source, were manipulated.
Two years earlier, the Census had actually caught an employee “fabricating data”, but according to this whistleblower the corruption at the Census Bureau goes much deeper than that…
And a knowledgeable source says the deception went beyond that one employee — that it escalated at the time President Obama was seeking reelection in 2012 and continues today.
“He’s not the only one,” said the source, who asked to remain anonymous for now but is willing to talk with the Labor Department and Congress if asked.
The Census employee caught faking the results is Julius Buckmon, according to confidential Census documents obtained by The Post. Buckmon told me in an interview this past weekend that he was told to make up information by higher-ups at Census.
Well, is it really such a big deal that some of the unemployment numbers were faked?
After all, hasn’t the unemployment rate been consistently going down anyway?
Unfortunately, as you will see below, that is simply not the case. The following are five massive economic lies that the government has been telling you…
“The Unemployment Rate Has Been Steadily Going Down”
According to the official government numbers, the U.S. unemployment rate has fallen all the way down to 7.3 percent.
That sounds really good, and it would seem to imply that a higher percentage of the American people are now working.
Sadly, that is not the truth at all.
Posted below is one of my favorite charts. The employment-population ratio measures the percentage of the working age population that actually has a job. As you can see, this number fell dramatically during the last recession and since the end of 2009 it has remained remarkably flat. In fact, it has stayed between 58 and 59 percent for 50 months in a row…
At the moment, the employment-population ratio is just one-tenth of one percent above the lowest level that it has been throughout this entire crisis.
So are we in an “employment recovery”?
Absolutely not, and anyone that tries to tell you that is lying to you.
So how is the government getting the unemployment rate to go down?
Well, they are accomplishing this by pretending that millions upon millions of unemployed Americans have disappeared from the labor force.
According to the government, the percentage of Americans that want to work is now supposedly at a 35 year low…
If the labor force participation rate was still exactly where it was at when Barack Obama was first elected in 2008, the official unemployment rate would be about 11 percent right now. People would be running around going crazy and wondering when the “economic depression” would finally end.
But when people hear “7.3 percent”, that doesn’t sound so bad. It makes people feel better.
Of course if you are currently unemployed and looking for a job that doesn’t exactly help you. At this point there is intense competition even for minimum wage jobs in America. For example, according to Business Insider you actually have a better statistical chance of getting into Harvard than you do of being hired at a new Wal-Mart that is opening up in the Washington D.C. area…
The store is currently combing through more than 23,000 applications for 600 available positions, reports NBC Washington.
That means that Wal-Mart will be able to hire one person for every 38 applications it receives — i.e., just 2.6% of applicants will walk out with a job.
That’s more difficult than getting into Harvard. The Ivy League university accepts 6.1% of applicants.
“Inflation Is Low”
This is another lie that government officials love to tell. In particular, the boys and girls over at the Federal Reserve love to try to convince all of us that inflation is super low because it gives them an excuse to recklessly print lots more money.
But anyone that goes to the grocery store or pays bills on a regular basis knows that there is plenty of inflation in the economy. And if we were being given honest numbers, they would show that.
According to John Williams of shadowstats.com, if the U.S. inflation rate was still calculated the exact same way that it was back when Jimmy Carter was president, the official rate of inflation would be somewhere between 8 and 10 percent today.
But the Federal Reserve certainly doesn’t want everyone running around talking about “Jimmy Carter” and “stagflation” because then people would really start pressuring them to end their wild money printing schemes.
And without a doubt, what the Fed is doing is absolutely insane. The chart posted below shows that the M1 money supply has nearly doubled since the beginning of 2008…
“Quantitative Easing Is Economic Stimulus”
How many times have you heard the mainstream media tell you something along these lines…
“The Federal Reserve decided today that the economic stimulus must continue.”
There is just one thing wrong with that statement.
As I showed in a previous article, it is a total hoax.
In fact, a former Federal Reserve official that helped manage the Federal Reserve’s quantitative easing program during 2009 and 2010 is publicly apologizing to the rest of the country for being involved in “the greatest backdoor Wall Street bailout of all time”…
I can only say: I’m sorry, America. As a former Federal Reserve official, I was responsible for executing the centerpiece program of the Fed’s first plunge into the bond-buying experiment known as quantitative easing. The central bank continues to spin QE as a tool for helping Main Street. But I’ve come to recognize the program for what it really is: the greatest backdoor Wall Street bailout of all time.
Yes, quantitative easing has most certainly helped Wall Street (at least temporarily).
Meanwhile, median household income in the U.S. has fallen for five years in a row.
Meanwhile, the federal government is now spending nearly a trillion dollars a year on welfare.
Meanwhile, 1.2 million students that attend public schools in America are now homeless. In fact, that number has risen by 72 percent since the start of the last recession.
“Obamacare Is Going To Be Good For Middle Class Americans”
There were three giant promises that were used to sell Obamacare to the American people…
#1 We would all be able to keep our current health insurance plans.
#2 Millions more Americans were going to be covered by health insurance.
#3 Most Americans would be paying lower health insurance premiums.
Well, it turns out that all of them were lies.
At this point, approximately 4 million Americans have already had their health insurance plans canceled due to Obamacare, and according to Forbes that number could ultimately reach 93 million.
And so far only about 100,000 Americans have actually signed up for Obamacare, so that means that the number of Americans with health insurance has dropped by about 3.9 million since the beginning of October.
Good job Obama.
Meanwhile, Americans all over the country are being hit with a massive case of sticker shock as they start to realize what Obamacare is going to do to their wallets.
According to one study, health insurance premiums for men are going to go up by an average of 99 percent under Obamacare and health insurance premiums for women are going to go up by an average of 62 percent under Obamacare.
And if you are a young man, you are going to get hit particularly hard. At this point, it is being projected that health insurance premiums for healthy 30-year-old men will rise by an average of 260 percent.
But you don’t have to be young to pay higher premiums. As I mentioned the other day, one couple down in Texas was recently hit with a 539 percent rate increase.
“The U.S. National Debt Is Under Control”
The mainstream media would have us believe that the budget deficit is now under control and the U.S. national debt is not a significant problem any longer.
But that is not the truth.
The truth is that we are on pace to accumulate more new debt under the 8 years of the Obama administration than we did under all of the other presidents in all of U.S. history combined.
Every single hour of every single day, our politicians are stealing about $100,000,000 from future generations of Americans. It is a crime so vast that it is hard to put into words, and it is literally destroying the economic future of this country.
Over the last 13 and a half months, the U.S. national debt has increased by more than 1.12 trillion dollars.
If you were alive when Jesus Christ was born and you had spent a million dollars every single day since then, you still would not have spent that much money by now.
And most Americans don’t realize this, but the U.S. government must borrow far more than a trillion dollars each year. Trillions more in existing debt must be “rolled over” just to keep the game going.
For example, the U.S. government rolled over more than 7.5 trillion dollars of existing debt in fiscal 2013.
So what is going to happen someday when the rest of the world pulls out and stops lending us trillions of dollars at ridiculously low interest rates that are way below the real rate of inflation?
Our financial system is far more vulnerable than we are being told. We are in the terminal phase of the greatest debt bubble in the history of the planet, and when this bubble bursts it is going to be an absolutely spectacular disaster.
Please don’t believe the mainstream media or the politicians when they promise you that everything is going to be okay.
Did you know that 40 percent of all American workers make less than $20,000 a year before taxes? And 65 percent of all American workers make less than $40,000 a year before taxes. If you work on Wall Street, or have a cushy job with the federal government, or work for a big tech firm out on the west coast, life is probably pretty good for you right now. But the truth is that most Americans are not living the high life. In fact, most Americans are just trying to figure out how to survive from month to month. For many Americans, making a choice between buying food for your family and paying the light bill is a common occurrence. But if you don’t live in that America, hearing that people actually live like that may sound very strange to you. After all, if everyone around you has expensive cars, the latest electronic gadgets and million dollar homes, the notion that America is in the midst of a very serious “economic decline” may seem very bizarre to you.
On Wednesday, the Dow hit a brand new record high, and Wall Street celebrated. Since the financial crisis of 2008, stocks have been on an unprecedented run. The top performers in the market have not just made millions of dollars – they have made billions of dollars. Luxury apartments in Manhattan and beachfront homes in the Hamptons are selling for absolutely astronomical prices, and it seems like life in the good parts of New York City is one gigantic endless party these days.
Meanwhile, life is quite good down in Washington D.C. as well. The wealth is spread more evenly, but on average the D.C. region actually has the highest standard of living of any major U.S. city. The reason for this is the obscene growth of the federal government. Over the past couple of decades, the U.S. government has ballooned in size and so have government salaries. During one recent year, the average federal employee living in the Washington D.C. area received total compensation worth more than $126,000.
Out in the San Francisco area, Internet money is flowing like wine right now. As I wrote about yesterday, top employees of companies such as Facebook and Twitter can make millions of dollars a year. And if you were lucky to get a piece of the ownership of one of those companies at a very early stage, you are essentially set for life.
And with the Twitter IPO coming up, Internet euphoria is once again reaching a fever pitch. For example, just check out what a 56-year-old administrative assistant said this week about why she is going to buy Twitter stock…
“I’m just buying because everybody’s talking about Twitter,” she said. “I’m just gonna take a chance.”
Is that how we should make our investment decisions from now on?
Just buy a stock because everybody’s talking about it?
That is the kind of insanity that is going on in “wealthy America” right now.
Unfortunately, the gap between “wealthy America” and “poor America” is greater than ever before.
If you live in “wealthy America”, what you are about to hear next will probably sound very strange.
CNN recently profiled a 44-year-old overnight prison guard named Delores Gilmore. She works really hard, but a lot of times she simply does not have enough money to pay all of her bills…
“The first of the month, I pay the rent,” she said. “The next check, I pay my light bills. Sometimes I won’t pay my rent and I pay the light bill from last month — if they cut if it off. Then I pay the rent the end of the month.”
Her life consists of going to work, taking care of her children, going to sleep, and then getting back up and repeating that same cycle once again…
“I’m not fooling anybody,” she told me. “I don’t have any friends. And that’s sad. … I go to work, come home, take them where they gotta go, if they gotta go somewhere, come back home, lay down, go to work.
“That’s what I do. All day, that’s what I do.”
Sadly, the truth is that tens of millions of Americans can identify with what she is going through on a daily basis. In millions of families, both the husband and the wife work multiple jobs and it is still not enough.
If we truly did have a free market capitalist system, the entire country would be a land of opportunity and things would be getting better for everybody. Unfortunately, that is not the case at all. The following are 21 facts about “wealthy America” and “poor America” that are hard to believe…
#1 The lowest earning 23,303,064 Americans combined make 36 percent less than the highest earning 2,915 Americans do.
#2 40 percent of all American workers (39.6 percent to be precise) make less than $20,000 a year.
#3 According to the Pew Research Center, the top 7 percent of all U.S. households own 63 percent of all the wealth in the country.
#4 On average, households in the top 7 percent have 24 times as much wealth as households in the bottom 93 percent.
#5 According to numbers that were just released this week, 49.7 million Americans are living in poverty. That is a brand new all-time record high.
#6 In the United States today, the wealthiest one percent of all Americans have a greater net worth than the bottom 90 percent combined.
#7 Household incomes have actually been declining for five years in a row and total consumer credit has risen by a whopping 22 percent over the past three years.
#8 According to Forbes, the 400 wealthiest Americans have more wealth than the bottom 150 million Americans combined.
#9 The homeownership rate in the United States is at an 18 year low.
#10 The six heirs of Wal-Mart founder Sam Walton have as much wealth as the bottom one-third of all Americans combined.
#11 18 percent of all food stamp dollars are spent at Wal-Mart.
#12 According to the U.S. Census Bureau, the middle class is taking home a smaller share of the overall income pie than has ever been recorded before.
#13 It is hard to believe, but right now 1.2 million students that attend public schools in America are homeless. That number has risen by 72 percent since the start of the last recession.
#14 One recent study discovered that nearly half of all public students in the United States come from low income homes.
#15 In 1980, CEOs at S&P 500 companies made 42 times as much as their employees did on average. Today, CEOs at S&P 500 companies make 354 times as much as their employees do on average. In fact, there are many CEOs that make more than 1000 times what the average employees in their companies make.
#16 U.S. families that have a head of household that is under the age of 30 have a poverty rate of 37 percent.
#17 At this point, one out of every four American workers has a job that pays $10 an hour or less.
#18 Today, the United States actually has a higher percentage of workers doing low wage work than any other major industrialized nation does.
#19 Approximately one out of every five households in the United States is now on food stamps.
#20 The number of Americans on food stamps has grown from 17 million in the year 2000 to more than 47 million today.
#21 At this point, the poorest 50 percent of all Americans collectively own just 2.5 percent of all the wealth in the United States.
So which America do you live in? Please feel free to tell us what is going on in your neck of the woods by posting a comment below…