Even though the stock market continues to set new record high after new record high, poverty is exploding all over America. It is being reported that 41 million people are living in poverty at this moment, and 9 million of them do not receive a single penny of income from anyone. Once you have been unemployed for long enough, you don’t qualify for unemployment payments any longer, and once you are on the street there is nowhere for other governments programs to send a check to. I have previously discussed the rising epidemic of homelessness in our nation, but most people don’t want to think about that sort of a thing these days. Even though New York City has the most homeless since the Great Depression, and even though homelessness in Los Angeles is at an all-time record high, most people want to pretend that everything is just fine.
Well, the truth is that everything is not just fine.
A reporter from the Guardian recently traveled with a special UN envoy to some of the most impoverished areas of the United States. His report is extremely eye-opening, and I wanted to share a short excerpt from his story. This portion of his article is about a 41-year-old woman named Ressy Finley who is desperately trying to stay alive on the mean streets of Skid Row in Los Angeles…
Ressy Finley, 41, was busy sterilizing the white bucket she uses to slop out in her tent in which she has lived on and off for more than a decade. She keeps her living area, a mass of worn mattresses and blankets and a few motley possessions, as clean as she can in a losing battle against rats and cockroaches. She also endures waves of bed bugs, and has large welts on her shoulder to prove it.
She receives no formal income, and what she makes on recycling bottles and cans is no way enough to afford the average rents of $1,400 a month for a tiny one-bedroom. A friend brings her food every couple of days, the rest of the time she relies on nearby missions.
She cried twice in the course of our short conversation, once when she recalled how her infant son was taken from her arms by social workers because of her drug habit (he is now 14; she has never seen him again). The second time was when she alluded to the sexual abuse that set her as a child on the path towards drugs and homelessness.
Los Angeles has declared a state of emergency because the number of homeless is rising so rapidly, and so have nine other cities along the west coast. For much more on this, please see my previous article entitled “As America Gives Thanks, Homelessness Continues To Set New Records In Major Cities All Over The Nation”.
The sad thing is that there are more than a million homes sitting empty in America right now. As economic opportunities have dried up, many communities in the middle part of the nation are becoming “ghost towns”, and it is getting worse with each passing day…
There are nearly 1.4 million vacant residential properties across the country — abandoned, not for sale, mostly unoccupied homes. With vacant properties comprising as much as 30% of residential properties, some neighborhoods are starting to feel like ghost towns.
Many believe that the answer to the decline of the middle class and the growth of poverty is even more socialism.
But if you want to see where that road leads, just look at what is happening in Venezuela. People are eating cats and dogs, and just today there were a whole bunch of mainstream news articles about how children are literally starving to death.
No, the real answer is to do what made our economy so great in the first place. Between 1872 and 1913, we didn’t have an income tax or a central bank, and it was the greatest period of economic growth in U.S. history.
What we have today is not free market capitalism. We have gone very far down the road toward government-controlled socialism, and it has created a giant mess.
If we want to have a healthy middle class again, we need to have a society that promotes entrepreneurs and the creation of small businesses. Today we are literally choking the financial life out of entrepreneurs and small businesses, and when I am elected to Congress I am going to fight as hard as I can to change that.
Michael Snyder is a Republican candidate for Congress in Idaho’s First Congressional District, and you can learn how you can get involved in the campaign on his official website. His new book entitled “Living A Life That Really Matters” is available in paperback and for the Kindle on Amazon.com.
Could you imagine spending the holidays in a homeless shelter, in a tent city surrounded by drug addicts and prostitutes, or in a sleeping bag on the cold, hard streets of an urban jungle? Unfortunately, that is what real life looks like for an increasing number of Americans. Most of the time when we think of “homeless people”, the image that comes into our minds is one of a grizzled old man asking for some spare change, but the truth is that vast numbers of women and children in our country do not have anywhere to live. In fact, Poverty USA has reported that last year a grand total 1.6 million U.S. children stayed either in a homeless shelter or in some other form of emergency housing. And you never hear the mainstream media report this number, but the truth is that the number of homeless children in the United States has risen by 60 percent since the “end” of the last recession. For the moment the wealthy are getting wealthier, but meanwhile things have just continued to get harder and harder for those that are struggling to survive in this economy.
In Wal-Mart parking lots and campgrounds all over America tonight, you will find formerly middle class families that are living in cars, trucks and recreational vehicles during this holiday season. Most of them will never complain and will try to put on a happy face outwardly, but inside the worry and fear are eating them alive.
As the weather gets cold, many homeless Americans head for warmer climates, and this is one of the factors that is fueling the unprecedented homelessness crisis in Los Angeles. The following comes from L.A. Weekly…
By nearly every metric, Los Angeles has the worst homelessness crisis of any city in America. According to the U.S. Department of Housing and Urban Development, there are more people suffering from chronic homelessness in L.A. than anywhere in the country, and their number is growing at a faster clip than those in New York City.
One homeless man in Los Angeles has decided to do what he can to make the best of his circumstances. He has transformed a depressingly bleak area underneath a freeway underpass into his own “personal paradise”…
A homeless man who turned a freeway underpass into his personal paradise by furnishing it with a make-shift jacuzzi and four-poster bed has become a viral hit and unlikely tourist attraction.
Ceola Waddell Jr, 59, began living in the underpass in L.A.’s 110 freeway near Coliseum six months ago.
He has since foraged two porcelain toilets, discarded refrigerators, couches and two beds to transform the space into his personal refuge.
You can’t help but smile when you read what Mr. Waddell has done, but the truth is that the homelessness crisis in the state is rapidly getting way out of control. In fact, Los Angeles is swamped by so many homeless people at this point that the L.A. City Council has asked California Governor Jerry Brown to officially declare a state of emergency.
On the east coast things are getting really, really bad as well.
You may find this hard to believe, but the number of homeless people in New York City has never been higher…
The number of homeless people living in New York City has reached a record-high.
The Department of Homeless Services reported there were 60,252, up 200 in two weeks.
Now, some are saying the city’s current plan to combat homelessness isn’t working.
So why is this happening?
The stock market is at an all-time high and the mainstream media keeps telling us that things are getting better, and yet poverty just continues to rise.
Other than the very wealthy, the truth is that things are not getting any better for virtually everyone else. In fact, it has been reported that over half of all New Yorkers “are teetering on the brink of homelessness”…
More than half of all New Yorkers are teetering on the brink of homelessness — without enough cash in the bank to cover them in the event of a disaster or lost job, a troubling new study has found.
Nearly 60 percent of all New Yorkers don’t have enough emergency savings to cover at least three months’ worth of household expenses like food, housing and rent, according to a recent report from the Association for Neighborhood & Housing Development.
This is one of the reasons why I am always encouraging my readers to build up their emergency funds. Sadly, the cold, hard reality of the matter is that most of the country is only a couple of paychecks away from losing everything.
To give you an idea of how deep the suffering can be this time of the year for those that have already lost it all, I want to share with you a story of a precious little dog named Ollie…
When Ollie was found, his fur was matted and so long you couldn’t see his adorable little eyes. He was clearly in need of dire help.
A woman and her sister saw Ollie outside her apartment, shivering in the freezing cold. They brought him in and quickly called the Michigan Humane Society to help take care of the dog.
Once Ollie was brought in, it was discovered just how sick he is. Had he not been rescued, he would have suffered a very painful death alone in the streets.
Very few people could come across a hurting dog like Ollie without helping him out, but what about the countless numbers of our fellow Americans that no longer have a warm home and will spend the night shivering in the cold?
Look, the truth is that you don’t have to have a whole lot of resources in order to make a difference. In Tennessee, there is a group of elderly women that refer to themselves as “the bag ladies” that are turning old plastic bags into sleeping mats for the homeless…
It all starts with cutting plastic bags into strips, tying those strips together, and rolling them into a ball.
The Bag Ladies call it “plarn,” instead of yarn. They then crochet the “plarn” into mats.
It takes 600 bags to make an 18 square foot mat. So far, this year, they have used 52,000 bags to make 88 mats.
“This is not young ladies doing this. This is older ladies with the arthritis,” said Akin.
How marvelous is that?
A single act of kindness can make a world of difference.
In the months ahead, temperatures are only going to get colder and economic conditions are only going to get tougher for those that are already living in poverty.
I would encourage all of us to think about what we can do to make a difference for those that are deeply hurting this time of the year.
Could you survive on just $2.50 a day? According to Compassion International, approximately half of the population of the entire planet currently lives on $2.50 a day or less. Meanwhile, those hoarding wealth at the very top of the global pyramid are rapidly becoming a lot wealthier. Don’t get me wrong – I am a very big believer in working hard and contributing something of value to society, and those that work the hardest and contribute the most should be able to reap the rewards. In this article I am in no way, shape or form criticizing true capitalism, because if true capitalism were actually being practiced all over the planet we would have far, far less poverty today. Instead, our planet is dominated by a heavily socialized debt-based central banking system that systematically transfers wealth from hard working ordinary citizens to the global elite. Those at the very top of the pyramid know that they are impoverishing everyone else, and they very much intend to keep it that way.
Let’s start with some of the hard numbers. According to Zero Hedge, Credit Suisse had just released their yearly report on global wealth, and it shows that 45.6 percent of all the wealth in the world is controlled by just 0.7 percent of the people…
As Credit Suisse tantalizingly shows year after year, the number of people who control just shy of a majority of global net worth, or 45.6% of the roughly $255 trillion in household wealth, is declining progressively relative to the total population of the world, and in 2016 the number of people who are worth more than $1 million was just 33 million, roughly 0.7% of the world’s population of adults. On the other end of the pyramid, some 3.5 billion adults had a net worth of less than $10,000, accounting for just about $6 trillion in household wealth.
And since this is a yearly report, we can go back and see how things have changed over time. When Zero Hedge did this, it was discovered that the wealth of those at the very top “has nearly doubled” over the past six years, and meanwhile the poor have gotten even poorer…
Incidentally, we tracked down the first Credit Suisse report we found in this series from 2010, where the total wealth of the top “layer” in the pyramid was a modest $69.2 trillion for the world’s millionaires. It has nearly doubled in the 6 years since then. Meanwhile, the world’s poorest have gotten, you got it, poorer, as those adults who were worth less than $10,000 in 2010 had a combined net worth of $8.2 trillion, a number which has since declined to $6.1 trillion in 2016 despite a half a billion increase in the sample size.
If these trends continue at this pace, it won’t be too long before the global elite have virtually all of the wealth and the rest of us have virtually nothing.
Perhaps you are fortunate enough to still have a good job, and you live in a large home and you will sleep in a warm bed tonight.
Well, you should consider yourself to be very blessed, because that is definitely not the case for most of the rest of the world. The following 11 facts about global poverty come from dosomething.com, and I want you to really let these numbers sink in for a moment…
- Nearly 1/2 of the world’s population — more than 3 billion people — live on less than $2.50 a day. More than 1.3 billion live in extreme poverty — less than $1.25 a day.
- 1 billion children worldwide are living in poverty. According to UNICEF, 22,000 children die each day due to poverty.
- 805 million people worldwide do not have enough food to eat. Food banks are especially important in providing food for people that can’t afford it themselves. Run a food drive outside your local grocery store so people in your community have enough to eat. Sign up for Supermarket Stakeout.
- More than 750 million people lack adequate access to clean drinking water. Diarrhea caused by inadequate drinking water, sanitation, and hand hygiene kills an estimated 842,000 people every year globally, or approximately 2,300 people per day.
- In 2011, 165 million children under the age 5 were stunted (reduced rate of growth and development) due to chronic malnutrition.
- Preventable diseases like diarrhea and pneumonia take the lives of 2 million children a year who are too poor to afford proper treatment.
- As of 2013, 21.8 million children under 1 year of age worldwide had not received the three recommended doses of vaccine against diphtheria, tetanus and pertussis.
- 1/4 of all humans live without electricity — approximately 1.6 billion people.
- 80% of the world population lives on less than $10 a day.
- Oxfam estimates that it would take $60 billion annually to end extreme global poverty–that’s less than 1/4 the income of the top 100 richest billionaires.
- The World Food Programme says, “The poor are hungry and their hunger traps them in poverty.” Hunger is the number one cause of death in the world, killing more than HIV/AIDS, malaria, and tuberculosis combined.
So how did we get here?
Debt is the primary mechanism that takes wealth from ordinary people like you and me and puts it into the hands of the global elite.
In my recent article entitled “Why Donald Trump Must Shut Down The Federal Reserve And Start Issuing Debt-Free Money“, I discussed how the Federal Reserve was designed to entrap the U.S. government in an endless debt spiral from which it could never possibly escape. And that is precisely what has happened, as the U.S. national debt has gotten more than 5000 times larger since the Federal Reserve was created in 1913.
In that very same year, the federal income tax was instituted, and that is a key part of the program for the global elite. You see, the income tax is how wealth is transferred from us to the government. And then a continuously growing national debt is how that wealth is transferred from the government to the elite.
It is a very complicated system, but at the end of the day it is all about taking money from us and getting it into their pockets.
And at this point more than 99.9 percent of the population of the world lives in a country with a central bank, and almost every nation on the planet has some form of income tax.
It is a global system that is designed to create as much debt as possible, and I recently shared with my readers that the total amount of debt in the world has hit a staggering all-time record high of 152 trillion dollars.
Interestingly, the Bible actually foretells of a time when rich men would hoard wealth in the last days. The following are the first five verses of the Book of James in the Modern English Version…
Come now, you rich men, weep and howl for your miseries that shall come upon you. 2 Your riches are corrupted and your garments are moth-eaten. 3 Your gold and silver are corroded, and their corrosion will be a witness against you and will eat your flesh like fire. You have stored up treasures for the last days. 4 Indeed the wages that you kept back by fraud from the laborers who harvested your fields are crying, and the cries of those who harvested have entered into the ears of the Lord of Hosts. 5 You have lived in pleasure on the earth and have been wayward. You have nourished your hearts as in a day of slaughter.
So much of the time we focus on the other great sins that we see all around us, but the truth is that one of the greatest sins of all in our world today is the sin of greed.
The borrower is the servant of the lender, and the global elite have used various forms of debt to turn the rest of the planet into their debt slaves.
As debt levels race higher and higher all over the planet, the elite are using the magic of compound interest to grab a bigger and bigger share of the pie.
Given enough time, those at the very top would have virtually everything and the rest of us would have virtually nothing. The middle class is shrinking all over the globe, and the gap between the wealthy and the poor continues to grow at an astounding pace.
But the vast majority of people out there have no idea how money, debt, taxes and central banks really work, and so they have no idea that this is purposely being done to them.
So please share this article with as many people as you can. The truth is that we don’t have to have this much global poverty, and if we correctly identify the root causes of this poverty we can start working on some real solutions.
Do you remember the old Saturday Night Live sketches in which comedian Chris Farley portrayed a motivational speaker that lived in a van down by the river? Unfortunately, this is becoming a reality for way too many Americans. As the middle class has shrunk and the cost of living has increased, a lot of people have decided to quite literally “live on the road”. Whether it is a car, a truck, a van, a bus or an RV, an increasing number of Americans are using their vehicles as their homes. Just recently, someone that I know took a trip down the west coast of the United States and stayed at a number of campgrounds along the way. What she discovered was that a lot of people were actually living at these campgrounds. Of course there are some that actually prefer that lifestyle, but many others are doing it out of necessity.
Earlier this week, Circa.com posted a story about “the van life”. One of the individuals that they featured was a recent graduate of the University of Southern California named Stephen Hutchins. Without much of an income at the moment, he decided that the best way to cut expenses was to live in his van…
“The main expenses are insurance for the van, which is like $60 a month,” said Hutchins. “Then, I have a storage unit for like $60.”
That puts his monthly rent at $120. The van cost him just $125 at an auction.
Living in a van is certainly not the most comfortable way to go, and many of you are probably wondering how he performs basic tasks such as cooking and bathing. Well, it turns out that he makes extensive use of public facilities…
He showers at the gym, cooks on a portable stove on a sidewalk (he stores his butane at his friends’ place nearby) and uses wifi at nearby coffeeshops.
For a while such a lifestyle may seem like “an adventure”, but after a while it will start to get really old. And not a lot of women are going to be excited about dating a man that lives in a van, and you certainly wouldn’t want to raise a family in a vehicle.
Sadly, just like during the last economic crisis many Americans are getting to the point where staying in their homes may not be an option. Just check out the following excerpt from a recent New York Post article entitled “The terrifying signs of a looming housing crisis“…
The number of New Yorkers applying for emergency grants to stay in their homes is skyrocketing — as the number of people staying in homeless shelters reached an all-time high last weekend, records show.
There were 82,306 applications for one-time emergency grants to prevent evictions in fiscal 2016, up 26 percent from 65,138 requests the previous year, according to the Mayor’s Management Report.
I put a couple of phrases in that quote in bold because I really wanted you to notice a couple of things.
First of all, it is very alarming to hear that the number of New Yorkers staying in homeless shelters “reached an all-time high” last weekend. I thought that we were supposed to be in an “economic recovery”, but apparently things in New York are rapidly getting worse.
Secondly, the fact that applications for emergency grants are up 26 percent compared to last year is another indication of how rough things are right now for average families in New York. We all remember what happened when millions of families lost their homes to foreclosure across the nation during the last financial crisis, and nobody should want to see a repeat of that any time soon.
During this election season, Barack Obama and Hillary Clinton would like all of us to believe that the economy is doing just fine, but that is not true at all. Even using the doctored numbers that the government gives us, Barack Obama is solidly on track to be the only president in all of U.S. history to never have a single year of 3 percent GDP growth, and he has had two terms to try to do that.
Gallup CEO Jim Clifton is also quite skeptical of this “economic recovery”, and he recently authored an article on this subject that is receiving a tremendous amount of attention. The following is how that article begins…
I’ve been reading a lot about a “recovering” economy. It was even trumpeted on Page 1 of The New York Times and Financial Times last week.
I don’t think it’s true.
The percentage of Americans who say they are in the middle or upper-middle class has fallen 10 percentage points, from a 61% average between 2000 and 2008 to 51% today.
Other surveys have found that it is even worse than that.
For example, a Pew Research Center study from the end of last year discovered that the middle class in America has now actually become a minority in this country.
Here are some other numbers that Clifton included in his article…
- According to the U.S. Bureau of Labor Statistics, the percentage of the total U.S. adult population that has a full-time job has been hovering around 48% since 2010 — this is the lowest full-time employment level since 1983.
- The number of publicly listed companies trading on U.S. exchanges has been cut almost in half in the past 20 years — from about 7,300 to 3,700. Because firms can’t grow organically — that is, build more business from new and existing customers — they give up and pay high prices to acquire their competitors, thus drastically shrinking the number of U.S. public companies. This seriously contributes to the massive loss of U.S. middle-class jobs.
- New business startups are at historical lows. Americans have stopped starting businesses. And the businesses that do start are growing at historically slow rates.
Once upon a time, America was the land of opportunity.
We were the place where anything was possible and where entrepreneurship was greatly encouraged.
But today we strangle small businesses to death with rules, regulations, red tape and taxes.
If we want a stronger middle class, we need to create a much better environment for the creation of small businesses. Small business ownership often lifts individuals into the middle class, and small businesses have traditionally been the primary engine for the growth of good jobs in this country.
If the middle class continues to shrink, poverty will continue to rise. Previously I have written about how the number of homeless children in the United States has shot up by 60 percent since the last economic crisis, and Poverty USA claims that a staggering 1.6 million children slept either in a homeless shelter or in some other form of emergency housing during 2015.
If you will be sleeping in a warm bed in a comfortable home tonight, you should be thankful. An increasing number of Americans are sleeping in tent cities, in their vehicles or on the streets. These hurting people deserve our love, our compassion and our prayers.
Can Donald Trump turn the U.S. economy around? This week Trump unveiled details of his new economic plan, and the mainstream media is having a field day criticizing it. But the truth is that we simply cannot afford to stay on the same path that Barack Obama, Hillary Clinton and the Democrats have us on right now. Millions of jobs are being shipped out of the country, the middle class is dying, poverty is exploding, millions of children in America don’t have enough food, and our reckless spending has created the biggest debt bubble in the history of the planet. Something must be done or else we will continue to steamroll toward economic oblivion. So is Donald Trump the man for the hour?
If you would like to read his full economic plan, you can find it on his official campaign website. His plan starts off by pointing out that this has been the weakest “economic recovery” since the Great Depression…
Last week’s GDP report showed that the economy grew a mere 1.2% in the second quarter and 1.2% over the last year. It’s the weakest recovery since the Great Depression – the predictable consequence of massive taxation, regulation, one-side trade deals and onerous energy restrictions.
And Trump is exactly right about how weak this economic recovery has been.
So how would he fix things?
The following are 10 things that every American should know about Donald Trump’s plan to save the U.S. economy…
#1 Donald Trump would lower taxes on the middle class
The tax savings under Trump’s plan would actually be quite substantial for middle class families. The following numbers come from a recent Charisma article…
• A married couple earning $50,000 per year with two children and $8,000 in child care expenses will save 35% from their current tax bill.
• A married couple earning $75,000 per year with two children and $10,000 in child care expenses will receive a 30% reduction in their tax bill.
• Married couple earning $5 million per year with two children and $12,000 in child care expenses will get only a 3% reduction in their tax bill.
#2 Donald Trump would lower taxes on businesses
Under his plan, no business in America would be taxed more than 15 percent. Alternatively, Hillary Clinton’s plan would tax some small businesses at a rate of close to 50 percent. So Trump’s plan would undoubtedly be good for businesses, and it would encourage many that have left the country to return.
But where would the lost tax revenue be made up?
#3 Childcare expenses would be exempt from taxation
For working families with children this would be a great blessing. Without a doubt this is an effort to win over more working women, and this is a demographic that Trump has been struggling with.
It is definitely an idea that I support, but once again where will the money come from to pay for this?
#4 U.S. manufacturers will be allowed to immediately fully expense new plants and equipment
This would undoubtedly lead to a boom in capital investment, but it would also reduce tax revenue. As an emergency measure this would be very good for encouraging manufacturers to stay in America, but it would also likely increase the budget deficit.
#5 A temporary freeze on new regulations
Red tape is one of my big pet peeves, and so I greatly applaud Trump for this proposal. I think that Bob Eschliman put it very well when he wrote the following about Trump’s planned freeze on new regulations…
In 2015 alone, federal agencies issued over 3,300 final rules and regulations, up from 2,400 the prior year. Studies show that small manufacturers face more than three times the burden of the average U.S. business, and the hidden tax from ineffective regulations amounts to “nearly $15,000 per U.S. household” annually. Excessive regulation is costing our country as much as $2 trillion dollars per year, and Trump will end it.
#6 All existing regulations would be reviewed and unnecessary regulations would be eliminated
In particular, Trump’s plan would focus on getting rid of regulations that inhibit hiring. The following are some of the specific areas that he identifies on his official campaign website…
- The Environmental Protection Agency’s Clean Power Plan, which forces investment in renewable energy at the expense of coal and natural gas, raising electricity rates;
- The EPA’s Waters of the United States rule, which gives the EPA the ability to regulate the smallest streams on private land, limiting land use; and
- The Department of Interior’s moratorium on coal mining permits, which put tens of thousands of coal miners out of work.
#7 Donald Trump would fundamentally alter our trade relationships with the rest of the globe
Donald Trump is the first major party nominee in decades to recognize that our trade deficit is absolutely killing our economy. I write about this all the time, and it is a hot button issue for me. So I definitely applaud Trump for proposing the following…
- Appoint trade negotiators whose goal will be to win for America: narrowing our trade deficit, increasing domestic production, and getting a fair deal for our workers.
- Renegotiate NAFTA.
- Withdraw from the TPP.
- Bring trade relief cases to the world trade organization.
- Label China a currency manipulator.
- Apply tariffs and duties to countries that cheat.
- Direct the Commerce Department to use all legal tools to respond to trade violations.
#8 Donald Trump’s plan would be a tremendous boost for the U.S. energy industry
Barack Obama promised to kill the coal industry, and that is one of the few promises that he has actually kept. Obama also killed the Keystone Pipeline, and right now the energy industry as a whole is enduring their worst stretch since the last recession. To turn things around, Trump would do the following…
- Rescind all the job-destroying Obama executive actions including the Climate Action Plan and the Waters of the U.S. rule.
- Save the coal industry and other industries threatened by Hillary Clinton’s extremist agenda.
- Ask Trans Canada to renew its permit application for the Keystone Pipeline.
- Make land in the Outer Continental Shelf available to produce oil and natural gas.
- Cancel the Paris Climate Agreement (limit global warming to 2 degrees Celsius) and stop all payments of U.S. tax dollars to U.N. global warming programs.
#9 Trump would repeal Obamacare
Trump claims that Obamacare would cost our economy two million jobs over the next ten years. And without a doubt, it has already cost the U.S. economy a lot of jobs.
Not only that, but Obamacare has also sent health insurance premiums soaring, and this is putting a tremendous amount of financial pressure on many families.
Trump says that he would “replace” Obamacare, but that is a rather vague statement.
What exactly would he replace it with?
#10 Trump’s plan says nothing about the Federal Reserve
This is a great concern, because the Federal Reserve has far more power over the economy than anyone else does. It is at the very heart of our debt-based system, and unless something is done about the Fed our debt bubble will continue to get even larger.
Since the Federal Reserve was created in 1913, the value of the U.S. dollar has fallen by more than 96 percent and our national debt has gotten more than 5000 times larger. For Trump to not even mention the Federal Reserve in his economic plan is a tremendous oversight.
We are in the midst of a long-term economic decline, and things have not gotten better during the Obama years. If you can believe it, a study that was just released by Harvard even acknowledges this…
America’s economic performance peaked in the late 1990s, and erosion in crucial economic indicators such as the rate of economic growth, productivity growth, job growth, and investment began well before the Great Recession.
Workforce participation, the proportion of Americans in the productive workforce, peaked in 1997. With fewer working-age men and women in the workforce, per-capita income for the U.S. is reduced.
Median real household income has declined since 1999, with incomes stagnating across virtually all income levels. Despite a welcome jump in 2015, median household income remains below the peak attained in 1999, 17 years ago. Moreover, stagnating income and limited job prospects have disproportionately affected lower-income and lower-skilled Americans, leading inequality to rise.
That same study found that the percentage of Americans participating in the labor force peaked back in 1997 and has been steadily declining since that time…
If we continue to do the same things, we will continue to get the same results.
Donald Trump is promising change, and many of his proposals sound good, but there are also some areas to be concerned about.
Ultimately, just tinkering with the tax code and reducing regulations is not going to be enough to turn the U.S. economy around. We need a fundamental overhaul of our economic and financial systems, and Trump’s plan stops well short of that. But without a doubt what he is proposing is vastly superior to Hillary Clinton’s plan, and so he should definitely be applauded for at least moving in the right direction.
When people get hungry enough, they will do just about anything for some food. According to brand new research that was just released this week from Feeding America and the Urban Institute, there are millions of teenagers in America that live in “food insecure” households, and researchers were stunned to learn what some of these teens are willing to do to feed themselves. Some resort to shoplifting, others deal drugs, and there were a surprising number of participants in the study that actually admitted to trading sex for food. It wouldn’t be a shock to hear that these kinds of things are going on in an economically-depressed nation such as Venezuela, but this is the United States of America. We are supposed to be the wealthiest nation on the entire planet. Sadly, even while the stock market has been soaring in recent years, poverty in America has been on the rise. For those on the low end of the economic scale, things have gone from bad to worse since the end of the last recession, and millions of children are deeply suffering as a result.
Let’s start with some of the hard numbers. The following comes directly from the Urban Institute website…
An estimated 6.8 million people ages 10 to 17 are food insecure, meaning they don’t have reliable access to enough affordable, nutritious food. Another 2.9 million are very food insecure, and roughly 4 million live in marginally food secure households, where the threat of running out of food is real.
Food insecurity takes a tremendous toll on teenagers. Poor nutrition—and the stress of hunger and poverty—can jeopardize their physical and mental health and development and their academic success. But despite the gravity and prevalence of teen food insecurity, we know very little about how these young people experience and cope with hunger.
The researchers already knew that lots of young people were hungry in America. But what surprised them were the lengths that many of these youngsters said that they would go to in order to get food…
Some of the youths said they or someone they know — mostly young men — have turned to shoplifting food, selling drugs or stealing items to sell.
The teens also reported knowing young women who have sold their bodies for food or had sex for money so they could buy food for their families.
Going to jail or failing a class in order to have to attend summer school were also some of the lengths teens went to.
Could you imagine your daughter or your granddaughter exchanging her body for food?
For most of us that is absolutely unthinkable, but the truth is that this is taking place on the streets of America every single day.
And this wasn’t just some blind random phone survey. The researchers conducted personal interviews with focus groups, and what these kids were willing to admit doing was absolutely astounding. Here is another excerpt directly out of the report…
- When faced with acute food insecurity, teens in all but two of the communities said that youth engage in criminal behavior, ranging from shoplifting food directly to selling drugs and stealing items to resell for cash. These behaviors were most common among young men in communities with the most limited job options.
- Teens in all 10 communities and in 13 of the 20 focus groups talked about some youth selling sex for money to pay for food. These themes arose most strongly in high-poverty communities where teens also described sexually coercive environments. Sexual exploitation most commonly took the form of transactional dating relationships with older adults.
- In a few communities, teens talked about going to jail or failing school (so they could attend summer classes and get school lunch) as viable strategies for ensuring regular meals.
Many of these young people understand that what they are doing is wrong. Just consider what some of them told the researchers…
A girl in Portland, Oregon told researchers: “It’s really like selling yourself. Like you’ll do whatever you need to do to get money or eat.”
Another comment from Portland: “You’re not even dating … they’ll be like … ‘I don’t really love him, but I’m going to do what I have to do.’”
Many prefer to rationalise what they are doing as dating of sorts. A boy in rural North Carolina said: “When you’re selling your body, it’s more in disguise. Like if I had sex with you, you have to buy me dinner tonight … that’s how girls deal with the struggle … That’s better than taking money because if they take money, they will be labeled a prostitute.”
When I read the information in this report, I was stunned. Yes, I write about our economic decline and the rise in poverty all the time, but I didn’t know that things were this bad.
And the researchers were surprised by what they were hearing as well. One of them said that the fact that girls are trading their bodies for food “was really shocking to me”, and she believes that things are “just getting worse over time”…
“I’ve been doing research in low-income communities for a long time, and I’ve written extensively about the experiences of women in high poverty communities and the risk of sexual exploitation, but this was new,” said Susan Popkin, a senior fellow at the Urban Institute and lead author of the report, Impossible Choices.
“Even for me, who has been paying attention to this and has heard women tell their stories for a long time, the extent to which we were hearing about food being related to this vulnerability was new and shocking to me, and the level of desperation that it implies was really shocking to me. It’s a situation I think is just getting worse over time.”
But aren’t we being told that things are getting better?
Aren’t we being told that our leaders “fixed” the economy?
Of course the truth is that America is mired in a long-term economic decline that stretches back for decades. With each passing year the middle class gets smaller as a percentage of the population, and poverty continues to grow. Last year the middle class became a minority of the population for the first time ever, and a lot of formerly middle class Americans are now among those that aren’t sure that they are going to have enough food to eat this month.
Hunger in America is a major crisis and it is growing. Just because you may live in a comfortable home in a wealthy neighborhood does not mean that this problem is not real.
Tonight there are millions of Americans that do not know where their next meal is going to come from, and they deserve our love and compassion.
Just like during the last economic crisis, homeless encampments are popping up all over the nation as poverty grows at a very alarming rate. According to the Department of Housing and Urban Development, more than half a million people are homeless in America right now, but that figure is increasing by the day. And it isn’t just adults that we are talking about. It has been reported that that the number of homeless children in this country has risen by 60 percent since the last recession, and Poverty USA says that a total of 1.6 million children slept either in a homeless shelter or in some other form of emergency housing at some point last year. Yes, the stock market may have been experiencing a temporary boom for the last couple of years, but for those on the low end of the economic scale things have just continued to deteriorate.
Tonight, countless numbers of homeless people will try to make it through another chilly night in large tent cities that have been established in the heart of major cities such as Seattle, Washington, D.C. and St. Louis. Homelessness has gotten so bad in California that the L.A. City Council has formally asked Governor Jerry Brown to officially declare a state of emergency. And in Portland the city has extended their “homeless emergency” for yet another year, and city officials are really struggling with how to deal with the booming tent cities that have sprung up…
There have always been homeless people in Portland, but last summer Michelle Cardinal noticed a change outside her office doors.
Almost overnight, it seemed, tents popped up in the park that runs like a green carpet past the offices of her national advertising business. She saw assaults, drug deals and prostitution. Every morning, she said, she cleaned human feces off the doorstep and picked up used needles.
“It started in June and by July it was full-blown. The park was mobbed,” she said. “We’ve got a problem here and the question is how we’re going to deal with it.”
But of course it isn’t just Portland that is experiencing this. The following list of major tent cities that have become so well-known and established that they have been given names comes from Wikipedia…
- Camp Hope, Las Cruces, New Mexico 
- Camp Quixote, Olympia, Washington State
- Camp Take Notice, Ann Arbor, Michigan
- Dignity Village, Portland, Oregon
- Opportunity Village, Eugene, Oregon
- Maricopa County Sheriff’s Tent City, Phoenix, Arizona
- New Jack City and Little Tijuana, Fresno, California
- Nickelsville, located in Seattle
- Right 2 Dream Too, Portland, Oregon
- River Haven, Ventura County, California
- Safe Ground, Sacramento, California
- The Jungle, San Jose, California
- Temporary Homeless Service Area (THSA), Ontario, California
- Tent City (100+ residents) of Lakewood, New Jersey
- Tent City, Avenue A and 13th Street, Lubbock, Texas
- Tent City, New Jersey forest
- Tent City, Bernalillo County, New Mexico
- Tent City, banks of the American River, Sacramento, California
- Tent City 3, Seattle
- Tent City, Chicago, Illinois 
- Tent City 4, eastern King County outside of Seattle
- The Point, where the Gunnison River and Colorado River meet
- The Village of Hope and Community of Hope, Fresno, California
- Transition Park, Camden, New Jersey
- Tent City, Fayette County, Tennessee, 
- Camp Unity Eastside, Woodinville, WA 
- China Hat Road, Bend, Oregon
Most of the time, those that establish tent cities do not want to be discovered because local authorities have a nasty habit of shutting them down and forcing homeless people out of the area. For example, check out what just happened in Elkhart, Indiana…
A group of homeless people in Elkhart has been asked to leave the place they call home. For the last time, residents of ‘Tent City’ packed up camp.
City officials gave residents just over a month to vacate the wooded area; Wednesday being the last day to do so.
The property has been on Mayor Tim Neese’s radar since he took office in January, calling it both a safety and health hazard to its residents and nearby pedestrian traffic.
“This has been their home but you can’t live on public property,” said Mayor Tim Neese, Elkhart.
If they can’t live on “public property”, where are they supposed to go?
They certainly can’t live on somebody’s “private property”.
This is the problem – people don’t want to deal with the human feces, the needles, the crime and the other problems that homeless people often bring with them. So the instinct is often to kick them out and send them away.
Unfortunately, that doesn’t fix the problem. It just passes it on to someone else.
As this new economic downturn continues to accelerate, our homelessness boom is going to spiral out of control. Pretty soon, there will be tent cities in virtually every community in America.
In fact, there are people that are living comfortable middle class lifestyles right at this moment that will end up in tents. We saw this during the last economic crisis, and it will be even worse as this next one unfolds.
Just like last time around, the signs that the middle class is really struggling can be subtle at first, but when you learn to take note of them you will notice that they are all around you. The following comes from an excellent article in the New York Post…
Do you see grocery stores closing? Do you see other retailers, like clothing stores and department stores, going out of business?
Are there shuttered storefronts along your Main Street shopping district, where you bought a tool from the hardware store or dropped off your dry cleaning or bought fruits and vegetables?
Are you making as much money annually as you did 10 years ago?
Do you see homes in neighborhoods becoming run down as the residents either were foreclosed upon, or the owner lost his or her job so he or she can’t afford to cut the grass or paint the house?
Did that same house where the Joneses once lived now become a rental property, where new people come to live every few months?
Do you know one or two people who are looking for work? Maybe professionals, who you thought were safe in their jobs?
Don’t look down on those that are living in tents, because the truth is that many “middle class Americans” will ultimately end up joining them.
The correct response to those that are hurting is love and compassion. We all need help at some point in our lives, and I know that I am certainly grateful to those that have given me a helping hand at various points along my journey.
Sadly, hearts are growing cold all over the nation, and the weather is only going to get colder over the months ahead. Let us pray for health and safety for the hundreds of thousands of Americans that will be sleeping in tents and on the streets this winter.
The world didn’t completely fall apart in 2015, but it is undeniable that an immense amount of damage was done to the U.S. economy. This year the middle class continued to deteriorate, more Americans than ever found themselves living in poverty, and the debt bubble that we are living in expanded to absolutely ridiculous proportions. Toward the end of the year, a new global financial crisis erupted, and it threatens to completely spiral out of control as we enter 2016. Over the past six months, I have been repeatedly stressing to my readers that so many of the exact same patterns that immediately preceded the financial crisis of 2008 are happening once again, and trillions of dollars of stock market wealth has already been wiped out globally. Some of the largest economies on the entire planet such as Brazil and Canada have already plunged into deep recessions, and just about every leading indicator that you can think of is screaming that the U.S. is heading into one. So don’t be fooled by all the happy talk coming from Barack Obama and the mainstream media. When you look at the cold, hard numbers, they tell a completely different story. The following are 58 facts about the U.S. economy from 2015 that are almost too crazy to believe…
#1 These days, most Americans are living paycheck to paycheck. At this point 62 percent of all Americans have less than 1,000 dollars in their savings accounts, and 21 percent of all Americans do not have a savings account at all.
#2 The lack of saving is especially dramatic when you look at Americans under the age of 55. Incredibly, fewer than 10 percent of all Millennials and only about 16 percent of those that belong to Generation X have 10,000 dollars or more saved up.
#3 It has been estimated that 43 percent of all American households spend more money than they make each month.
#4 For the first time ever, middle class Americans now make up a minority of the population. But back in 1971, 61 percent of all Americans lived in middle class households.
#5 According to the Pew Research Center, the median income of middle class households declined by 4 percent from 2000 to 2014.
#6 The Pew Research Center has also found that median wealth for middle class households dropped by an astounding 28 percent between 2001 and 2013.
#7 In 1970, the middle class took home approximately 62 percent of all income. Today, that number has plummeted to just 43 percent.
#8 There are still 900,000 fewer middle class jobs in America than there were when the last recession began, but our population has gotten significantly larger since that time.
#9 According to the Social Security Administration, 51 percent of all American workers make less than $30,000 a year.
#10 For the poorest 20 percent of all Americans, median household wealth declined from negative 905 dollars in 2000 to negative 6,029 dollars in 2011.
#11 A recent nationwide survey discovered that 48 percent of all U.S. adults under the age of 30 believe that “the American Dream is dead”.
#12 Since hitting a peak of 69.2 percent in 2004, the rate of homeownership in the United States has been steadily declining every single year.
#13 At this point, the U.S. only ranks 19th in the world when it comes to median wealth per adult.
#14 Traditionally, entrepreneurship has been one of the primary engines that has fueled the growth of the middle class in the United States, but today the level of entrepreneurship in this country is sitting at an all-time low.
#15 For each of the past six years, more businesses have closed in the United States than have opened. Prior to 2008, this had never happened before in all of U.S. history.
#16 If you can believe it, the 20 wealthiest people in this country now have more money than the poorest 152 million Americans combined.
#17 The top 0.1 percent of all American families have about as much wealth as the bottom 90 percent of all American families combined.
#18 If you have no debt and you also have ten dollars in your pocket, that gives you a greater net worth than about 25 percent of all Americans.
#19 The number of Americans that are living in concentrated areas of high poverty has doubled since the year 2000.
#20 An astounding 48.8 percent of all 25-year-old Americans still live at home with their parents.
#21 According to the U.S. Census Bureau, 49 percent of all Americans now live in a home that receives money from the government each month, and nearly 47 million Americans are living in poverty right now.
#22 In 2007, about one out of every eight children in America was on food stamps. Today, that number is one out of every five.
#23 According to Kathryn J. Edin and H. Luke Shaefer, the authors of a new book entitled “$2.00 a Day: Living on Almost Nothing in America“, there are 1.5 million “ultrapoor” households in the United States that live on less than two dollars a day. That number has doubled since 1996.
#24 46 million Americans use food banks each year, and lines start forming at some U.S. food banks as early as 6:30 in the morning because people want to get something before the food supplies run out.
#25 The number of homeless children in the U.S. has increased by 60 percent over the past six years.
#26 According to Poverty USA, 1.6 million American children slept in a homeless shelter or some other form of emergency housing last year.
#27 Police in New York City have identified 80 separate homeless encampments in the city, and the homeless crisis there has gotten so bad that it is being described as an “epidemic”.
#28 If you can believe it, more than half of all students in our public schools are poor enough to qualify for school lunch subsidies.
#29 According to a Census Bureau report that was released a while back, 65 percent of all children in the U.S. are living in a home that receives some form of aid from the federal government.
#30 According to a report that was published by UNICEF, almost one-third of all children in this country “live in households with an income below 60 percent of the national median income”.
#31 When it comes to child poverty, the United States ranks 36th out of the 41 “wealthy nations” that UNICEF looked at.
#32 An astounding 45 percent of all African-American children in the United States live in areas of “concentrated poverty”.
#33 40.9 percent of all children in the United States that are being raised by a single parent are living in poverty.
#34 There are 7.9 million working age Americans that are “officially unemployed” right now and another 94.4 million working age Americans that are considered to be “not in the labor force”. When you add those two numbers together, you get a grand total of 102.3 million working age Americans that do not have a job right now.
#35 According to a recent Pew survey, approximately 70 percent of all Americans believe that “debt is a necessity in their lives”.
#36 53 percent of all Americans do not even have a minimum three-day supply of nonperishable food and water at home.
#37 According to John Williams of shadowstats.com, if the U.S. government was actually using honest numbers the unemployment rate in this nation would be 22.9 percent.
#38 Back in 1950, more than 80 percent of all men in the United States had jobs. Today, only about 65 percent of all men in the United States have jobs.
#39 The labor force participation rate for men has plunged to the lowest level ever recorded.
#40 Wholesale sales in the U.S. have fallen to the lowest level since the last recession.
#41 The inventory to sales ratio has risen to the highest level since the last recession. This means that there is a whole lot of unsold inventory that is just sitting around out there and not selling.
#42 The ISM manufacturing index has fallen for five months in a row.
#43 Orders for “core” durable goods have fallen for ten months in a row.
#44 Since March, the amount of stuff being shipped by truck, rail and air inside the United States has been falling every single month on a year over year basis.
#45 Wal-Mart is projecting that its earnings may fall by as much as 12 percent during the next fiscal year.
#46 The Business Roundtable’s forecast for business investment in 2016 has dropped to the lowest level that we have seen since the last recession.
#47 Corporate debt defaults have risen to the highest level that we have seen since the last recession. This is a huge problem because corporate debt in the U.S. has approximately doubled since just before the last financial crisis.
#48 Holiday sales have gone negative for the first time since the last recession.
#49 The velocity of money in the United States has dropped to the lowest level ever recorded. Not even during the depths of the last recession was it ever this low.
#50 Barack Obama promised that his program would result in a decline in health insurance premiums by as much as $2,500 per family, but in reality average family premiums have increased by a total of $4,865 since 2008.
#51 Today, the average U.S. household that has at least one credit card has approximately $15,950 in credit card debt.
#52 The number of auto loans that exceed 72 months has hit at an all-time high of 29.5 percent.
#53 According to Dr. Housing Bubble, there have been “nearly 8 million homes lost to foreclosure since the homeownership rate peaked in 2004”.
#54 One very disturbing study found that approximately 41 percent of all working age Americans either currently have medical bill problems or are paying off medical debt. And collection agencies seek to collect unpaid medical bills from about 30 million of us each and every year.
#55 The total amount of student loan debt in the United States has risen to a whopping 1.2 trillion dollars. If you can believe it, that total has more than doubled over the past decade.
#56 Right now, there are approximately 40 million Americans that are paying off student loan debt. For many of them, they will keep making payments on this debt until they are senior citizens.
#57 When you do the math, the federal government is stealing more than 100 million dollars from future generations of Americans every single hour of every single day.
#58 An astounding 8.16 trillion dollars has already been added to the U.S. national debt while Barack Obama has been in the White House. That means that it is already guaranteed that we will add an average of more than a trillion dollars a year to the debt during his presidency, and we still have more than a year left to go.
What we have seen so far is just the very small tip of a very large iceberg. About six months ago, I stated that “our problems will only be just beginning as we enter 2016″, and I stand by that prediction.
We are in the midst of a long-term economic collapse that is beginning to accelerate once again. Our economic infrastructure has been gutted, our middle class is being destroyed, Wall Street has been transformed into the biggest casino in the history of the planet, and our reckless politicians have piled up the biggest mountain of debt the world has ever seen.
Anyone that believes that everything is “perfectly fine” and that we are going to come out of this “stronger than ever” is just being delusional. This generation was handed the keys to the finest economic machine of all time, and we wrecked it. Decades of incredibly foolish decisions have culminated in a crisis that is now reaching a crescendo, and this nation is in for a shaking unlike anything that it has ever seen before.
So enjoy the rest of 2015 while you still can.
2016 is almost here, and it is going to be quite a year…
What you are about to see is more evidence that the growth of poverty in the United States is wildly out of control. It turns out that there is a tremendous amount of suffering in “the wealthiest nation on the planet”, and it is getting worse with each passing year. During this election season, politicians of all stripes are running around telling all of us how great we are, but is that really true? As you will see below, poverty is reaching unprecedented levels in this country, and the middle class is steadily dying. There aren’t enough good jobs to go around, dependence on the government has never been greater, and it is our children that are being hit the hardest. If we have this many people living on the edge of despair now, while times are “good”, what are things going to look like when our economy really starts falling apart? The following are 21 facts about the explosive growth of poverty in America that will blow your mind…
#1 The U.S. Census Bureau says that nearly 47 million Americans are living in poverty right now.
#2 Other numbers from the U.S. Census Bureau are also very disturbing. For example, in 2007 about one out of every eight children in America was on food stamps. Today, that number is one out of every five.
#3 According to Kathryn J. Edin and H. Luke Shaefer, the authors of a new book entitled “$2.00 a Day: Living on Almost Nothing in America“, there are 1.5 million “ultrapoor” households in the United States that live on less than two dollars a day. That number has doubled since 1996.
#4 46 million Americans use food banks each year, and lines start forming at some U.S. food banks as early as 6:30 in the morning because people want to get something before the food supplies run out.
#5 The number of homeless children in the U.S. has increased by 60 percent over the past six years.
#6 According to Poverty USA, 1.6 million American children slept in a homeless shelter or some other form of emergency housing last year.
#7 Police in New York City have identified 80 separate homeless encampments in the city, and the homeless crisis there has gotten so bad that it is being described as an “epidemic”.
#8 If you can believe it, more than half of all students in our public schools are poor enough to qualify for school lunch subsidies.
#9 According to a Census Bureau report that was released a while back, 65 percent of all children in the U.S. are living in a home that receives some form of aid from the federal government.
#10 According to a report that was published by UNICEF, almost one-third of all children in this country “live in households with an income below 60 percent of the national median income”.
#11 When it comes to child poverty, the United States ranks 36th out of the 41 “wealthy nations” that UNICEF looked at.
#12 The number of Americans that are living in concentrated areas of high poverty has doubled since the year 2000.
#13 An astounding 45 percent of all African-American children in the United States live in areas of “concentrated poverty”.
#14 40.9 percent of all children in the United States that are being raised by a single parent are living in poverty.
#15 An astounding 48.8 percent of all 25-year-old Americans still live at home with their parents.
#16 There are simply not enough good jobs to go around anymore. It may be hard to believe, but 51 percent of all American workers make less than $30,000 a year.
#17 There are 7.9 million working age Americans that are “officially unemployed” right now and another 94.7 million working age Americans that are considered to be “not in the labor force”. When you add those two numbers together, you get a grand total of 102.6 million working age Americans that do not have a job right now.
#18 Owning a home has traditionally been a signal that you belong to the middle class. That is why it is so alarming that the rate of homeownership in the United States has been falling for eight years in a row.
#19 According to a recent Pew survey, approximately 70 percent of all Americans believe that “debt is a necessity in their lives”.
#20 At this point, 25 percent of all Americans have a negative net worth. That means that the value of what they owe is greater than the value of everything that they own.
#21 The top 0.1 percent of all American families have about as much wealth as the bottom 90 percent of all American families combined.
If we truly are “the greatest nation on the planet”, then why can’t we even take care of our own people?
Why are there tens of millions of us living in poverty?
Perhaps we really aren’t so great after all.
It would be one thing if economic conditions were getting better and poverty was in decline. At least then we could be talking about the improvement we were making. But despite the fact that we are stealing more than a hundred million dollars from future generations of Americans every single hour of every single day, poverty just continues to grow like an aggressive form of cancer.
So what is wrong?
Why can’t we get this thing fixed?
Tell us what you think we should do as a nation to solve this problem by posting a comment below…