The evidence that the middle class in America is dying continues to mount. As you will see below, nearly half the country would be unable “to cover an unexpected $400 expense”, and about two-thirds of the population lives paycheck to paycheck at least part of the time. Of course the economy has not been doing that well overall in recent years. Barack Obama was the only president in all of U.S. history not to have a single year when the economy grew by at least 3 percent, and U.S. GDP growth during the first quarter of 2017 was an anemic 0.7 percent. During the Obama era, it is true that wealthy enclaves in New York, northern California and Washington D.C. did thrive, but meanwhile most of the rest of the country has been left behind.
Today, there are approximately 205 million working age Americans, and close to half of them have no financial cushion whatsoever. In fact, a new survey conducted by the Federal Reserve has found that 44 percent of Americans do not even have enough money “to cover an unexpected $400 expense”…
Nearly eight years into an economic recovery, nearly half of Americans didn’t have enough cash available to cover a $400 emergency. Specifically, the survey found that, in line with what the Fed had disclosed in previous years, 44% of respondents said they wouldn’t be able to cover an unexpected $400 expense like a car repair or medical bill, or would have to borrow money or sell something to meet it.
Not only that, the same survey discovered that 23 percent of U.S. adults will not be able to pay their bills this month…
Just as concerning were other findings from the study: just under one-fourth of adults, or 23%, are not able to pay all of their current month’s bills in full while 25% reported skipping medical treatments due to cost in the prior year. Additionally, 28% of adults who haven’t retired yet reported to being grossly unprepared, indicating they had no retirement savings or pension whatsoever.
But just because you can pay your bills does not mean that you are doing well. Tens of millions of Americans barely scrape by from paycheck to paycheck each and every month.
In fact, a survey by CareerBuilder discovered that 75 percent of all Americans live paycheck to paycheck at least some of the time…
Three-quarters of Americans (75 percent) are living paycheck-to-paycheck to make ends meet, according to a survey from CareerBuilder. Thirty-eight percent of employees said they sometimes live paycheck-to-paycheck, 15 percent said they usually do and 23 percent said they always do. While making ends meet is a struggle for many post-recession, those with minimum wage jobs continue to be hit the hardest. Of workers who currently have a minimum wage job or have held one in the past, 66 percent said they couldn’t make ends meet and 50 percent said they had to work more than one job to make it work.
So please don’t be fooled into thinking that the U.S. economy is doing well because the stock market has been hitting new record highs.
The stock market was soaring just before the financial crisis of 2008 too, and we remember how that turned out.
The truth is that the long-term trends that have been eating away at the foundations of the U.S. economy continue to accelerate, and the real economy is in substantially worse shape this year than it was last year.
Just about everywhere you look, businesses are struggling and stores are shutting down. Yes, there are a few wealthy enclaves where everything seems wonderful for the moment, but for most of the country it seems like the last recession never ended.
In a desperate attempt to stay afloat, a lot of families have been turning to debt to make ends meet. U.S. household debt has just hit a brand new all-time record high of 12.7 trillion dollars, but we are starting to see an alarming rise in auto loan defaults and consumer bankruptcies. This is precisely what we would expect to see if the U.S. economy was moving into another major recession.
In fact, we are seeing all sorts of signs that point to a major economic slowdown right now. Just check out the following from Wolf Richter’s latest article…
Over the past five decades, each time commercial and industrial loan balances at US banks shrank or stalled as companies cut back or as banks tightened their lending standards in reaction to the economy they found themselves in, a recession was either already in progress or would start soon. There has been no exception since the 1960s. Last time this happened was during the Financial Crisis.
Now it’s happening again – with a 1990/91 recession twist.
Commercial and industrial loans outstanding fell to $2.095 trillion on May 10, according to the Fed’s Board of Governors weekly report on Friday. That’s down 4.5% from the peak on November 16, 2016. It’s below the level of outstanding C&I loans on October 19. And it marks the 30th week in a row of no growth in C&I loans.
Perhaps we will be very fortunate and break this pattern that has held up all the way back to the 1960s.
But I wouldn’t count on it. Here is what Zero Hedge has to say about this alarming contraction in commercial and industrial loans…
Here’s the bottom line: unless there is a sharp rebound in loan growth in the next 3-6 months – whether due to greater demand or easier supply – this most accurate of leading economic indicators guarantees that a recession is now inevitable.
We are way overdue for a recession, the hard economic numbers are screaming that one is coming, and the financial markets are absolutely primed for a major crash.
As Americans, we tend to have such short memories. Every time a new financial bubble starts forming, a lot of people out there start behaving as if it can last indefinitely.
But of course no financial bubble is going to last forever. They all burst eventually, and now the biggest one in U.S. history is about to end in spectacular fashion.
Trump will get a lot of the blame since he is the current occupant of the White House, but the truth is that the conditions for the next crisis have been building up for many years, and the horrors that the U.S. economy is heading for were entirely predictable.
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.
Many of the exact same groups that participated in Occupy Wall Street and helped organize protest rallies in Ferguson and Baltimore are now promising to bring us “the largest civil disobedience actions in a generation”. I recently wrote about the trouble that radical leftists have caused by attempting to disrupt Trump campaign events, but now there is a very organized effort to turn this into a national movement. On March 19th, thousands of angry protesters will descend on Trump Tower in New York City to denounce Donald Trump’s “fascist policies”, and on April 2nd dozens of leftist organizations will join together to launch “Democracy Spring” in Philadelphia. From there, large numbers of liberal activists will march to Washington D.C. where they will “risk arrest” during a “peaceful” sit-in at the U.S. Capitol from April 11th to April 18th. If the radical left is this freaked out about Donald Trump now, how bad will things get if he actually becomes the Republican nominee?
I suppose that it was only a matter of time before the radical left began to specifically target Trump properties. I hope that Trump has good security, because it will definitely be tested starting tomorrow…
Left-wing demonstrators have announced their latest anti-Trump event – a march on Trump Tower in New York City to protest against The Donald’s “fascist policies”.
A Facebook page for the rally outlines the plan, organized by a group called ‘Cosmopolitan Antifascists’, to march on the building at 2pm on Saturday afternoon.
“Donald J. Trump has made headlines in recent months with his divisive rhetoric, hate speech, and extremist plans to “make America great again”. We, in fact, believe this will do the opposite to this nation. Trump’s policy threatens many of us in the Black, Latino, LGBT, Muslim, and other communities,” states the page.
According to the Facebook page for “Cosmopolitan Antifascists”, 5,000 people plan to show up and 15,000 more are “interested” in this event.
Will it turn out to be a completely peaceful protest?
Let’s certainly hope so.
Perhaps even more disturbing is what is going to happen in early April. Dozens of far left groups have gotten behind a movement that has been officially dubbed “Democracy Spring”.
Obviously, that name was chosen to conjure up memories of the “Arab Spring”, and we all remember how “peaceful” that was.
The official website of Democracy Spring tells us the following about the goals…
This spring, in the heart of the primary season, as the national election begins to take center stage, Americans of all ages, faiths, political perspectives, and walks of life will bring the popular cry for change to Washington in a way that’s impossible to ignore: with nonviolent civil disobedience on a historic scale.
We will demand that Congress listen to the People and take immediate action to save our democracy. And we won’t leave until they do — or until they send thousands of us to jail, along with the unmistakable message that our country needs a new Congress, one that that will end the legalized corruption of our democracy and ensure that every American has an equal voice in government.
Do you understand the threat that is being made there?
They are purposely planning to break the law and get arrested. In fact, their website says that there are already more than 2,000 people that have “pledged to risk arrest” between April 11th and April 18th…
The campaign will begin on April 2nd with a march from the Liberty Bell in Philadelphia to Washington, D.C. where thousands will gather to reclaim the US Capitol in a powerful, peaceful, and massive sit-in that no one can ignore. Over 2,000 people have already pledged to risk arrest between April 11th-18th in what will be one of the largest civil disobedience actions in a generation.
And the list of groups that are backing this movement reads like a who’s who of radical leftist organizations…
15 Now Philly
100 Grannies for a Livable Future
African American Ministers in Action
American Ethical Union
American Family Voices
American Federation of Labor and Congress of Industrial Organizations (AFL-CIO)
Big Apple Coffee Party
Brave New Films
Center for Biological Diversity
Center for the Working Poor
Citizen Action NY
Coffee Party USA
Columbus Campaign for Arms Control
Conscious Elders Network
Democracy for America
Democratic Socialists of America
Dolores Huerta Foundation
East Coast Cannabis Coalition (ECCC)
East Point Peace Academy
Elders Climate Action
Energy Action Coalition
Food & Water Watch
Franciscan Action Network
Friends of the Earth
Get Money Out – Maryland
Human Earth Animal Liberation (HEAL)
Institute for Policy Studies
Interfaith Moral Action on Climate (IMAC)
Iowa Citizens for Community Improvement
Jewish Voice for Peace
Just Foreign Policy
Leadership Development Initiative
March Against Corruption
March Against Monsanto
Maryland Committee to Amend
Massachusetts Communities Action Network (MCAN)
Money Out! People In!
National Organization for Women (NOW)
National LGBTQ Task Force Action Fund
National People’s Action
Network of Spiritual Progressives/ Tikkun Magazine
New Hampshire Rebellion
Office of the Americas
PA United to Amend
Pay 2 Play
People Demanding Action
People for Bernie
People for the American Way
People Over Politics
People’s Empowerment Project
Pride at Work-New York City/Long Island
Progressive Change Campaign Committee (PCCC)
Progressive Democrats of America
Retail, Wholesale, and Department Store Union (RWDSU)
Small Planet Institute
Social Security Works
South Central Wisconsin United To Amend
Stop Police Terror Project DC
Unitarian Universalist Association
Unitarian Universalist Church of Delaware County
United Native Americans
United for Peace and Justice
United Students Against Sweatshops (USAS)
United States Student Association (USSA)
United We Dream
U.S. Climate Plan
Ursulines of Tildonk for Justice & Peace
We are Woman
We the People Massachusetts
Working Families Party
World Beyond War
Young Democratic Socialists
Youth Jobs Coalition / We Have a Future
This is just the beginning. The radical left has won the hearts and minds of millions of our young people, and many of these groups are preaching a message of anger, frustration and direct confrontation.
For now, let’s hope that these “protests” are at least somewhat peaceful. But throughout history, leftist revolutions have almost always turned violent at least to a certain degree.
And let there be no confusion – the radical left very much wants a revolution. There is a reason why Bernie Sanders uses that word so much in his applause lines. It is a buzzword that evokes some very powerful imagery for the radical left.
America is changing, and not for the better. From this point forward, the radical left in America is going to become much more active, and in the end that is going to have dramatic consequences for all of us.
It has been said that a journey of a thousand miles begins with a single step. Well, I would like to share a little bit of my journey with you, and hopefully this will inspire someone out there. We live in a day and age when you don’t have to be a celebrity to make a difference. I know this is true because ten years ago I was about as anonymous as you could possibly get. I was newly married and working as a lawyer in the heart of Washington D.C. not too far from the White House. That may sound glamorous to you, but it definitely was not. Approximately one out of every 12 residents of D.C. is a lawyer according to some estimates, and so they are a dime a dozen. And my work was about as meaningless as you could get. If there was a lawyer version of a toilet scrubber, that would have been me. Nobody knew who I was, and nobody cared who I was. I was having no real measurable impact on the world around me, but I wanted to. I just didn’t know how.
In 2008, I started to look into something called blogging. I learned that there were more than a million blogs already on the Internet by that time, and so I had no idea why anyone would possibly want to read anything that I had to say, but I decided to try it. I began with a few free Blogger blogs, and my readership in those days could have been measured with a magnifying glass.
But I stuck with it.
And that is one of the keys to success in any area of life. So many people give up if they don’t have immediate success. And that is so sad, because all “overnight success stories” had to start somewhere.
So do not despise small beginnings – they can ultimately lead to something great.
Eventually my readership began to grow, and the real turning point for me came when I left the legal world at the end of 2009 and started The Economic Collapse Blog. Of course that had very humble beginnings as well. The first month the site was live I only had about 4,800 pageviews. But that was a whole lot more than I had before.
Very early on I decided that I was going to try to put out the highest quality articles that I could possibly write, and people really responded to that. They knew that they weren’t getting straight answers about the economy from the mainstream media, and they were seeking out alternative sources of information. We have seen the “alternative media” absolutely explode in recent years, and I am proud to be part of that revolution.
In early 2010, my wife and I decided to take a leap and move across the country to a little town outside of Seattle, Washington. We didn’t really have much money, so it was kind of a crazy thing to do. But we felt called to do it, so by faith we packed up our lives and moved all the way across the continent. We figured that I could make a little money writing and she could make a little money painting furniture and we could figure out a way to survive somehow.
We spent a little over a year out near Seattle, and during that time The Economic Collapse Blog started to grow by leaps and bounds. We also had other websites such as End Of The American Dream and The Most Important News that were really starting to grow as well, and so we felt secure enough to seek out a more permanent home. That was always the plan anyway, because we wanted to get away from the large population centers.
God eventually led us to a wonderful home in the mountains in a very isolated part of the northwest United States. And my wife and I both agree that this is the best place that either of us have ever lived. We absolutely love the peace and quiet, and the view that we have across the valley is priceless. I could have very easily sat up on that mountain living a very quiet life for the rest of my days and been very happy.
But God had other things in mind for us. When we moved up there, we believed that God was instructing us to prepare for what He wanted us to do. So we studied, and we prayed and we kept working on our websites. And then we studied, and we prayed and we worked some more. We never knew what kinds of doors God was going to open up for us. By faith we just tried to do what we believed that He was instructing us to do.
And of course many of you already know about the amazing doors that God has been opening up for us over the past few years. He is doing things that I never even would have imagined asking Him to do.
The reason why I am sharing all of this is to say that if someone like me can be used to make a difference, so can you.
If a completely anonymous Washington D.C. lawyer can move to the mountains in the middle of nowhere and be used to touch millions of lives all over the planet, that just shows that all things are possible with God.
Of course not everyone has a talent for writing. But we all have some way to make a difference. Individually, each one of us in limited, but collectively we can make a massive difference in this world if we are willing to work together.
When I was growing up, I wanted to be a rock star someday, but to this day I still don’t have any musical talent. However, there are people out there with amazing gifts in that area, and I often find myself in awe of their talents.
Other people can make a different in other areas. What some people are about to do with YouTube videos absolutely amazes me. Others write gripping novels or host amazing radio shows. And yet others organize street protests or get heavily involved in local politics.
We all have different gifts and abilities, and we all have ways that we can make a difference.
Part of my message is to warn people about the incredibly hard times that are coming, but part of my message is also to give hope to people so that they can come through those hard times.
You may choose to curse the darkness when it comes, but I plan on lighting a candle.
No matter how bad things get, I will not bend, I will not break and I will not fear. It is when times are the darkest that the greatest heroes are needed, and we need people that are going to be willing to face the great challenges that are coming with tremendous strength and courage.
Even in the midst of all of the chaos and all of the darkness, my wife and I believe that the greatest chapters of our lives are still ahead of us.
And we invite you to work with us to make a difference. God took the broken pieces of my life and turned them into a beautiful thing, and He can do the same thing for you.
No matter how hard things may seem right now, please do not give up.
It’s not over.
In fact, your future is only just beginning, and all things are possible…
On January 22nd, one of the worst east coast blizzards in history slammed into Washington D.C. like a freight train. More than three feet of snow was dumped on some areas, hundreds of thousands of people were left without power, and coastal cities all long the eastern seaboard experienced flooding to a degree not seen since Hurricane Sandy. Tens of millions of people live in communities that were completely paralyzed by this storm, and it is being projected that the total amount of economic damage done will ultimately be in the billions of dollars. January 22nd also happens to be the anniversary of the U.S. Supreme Court decision that legalized abortion in all 50 states. Since that Supreme Court decision, more than 58 million babies have been murdered in abortion clinics in America. Could it be possible that it is more than just a “coincidence” that both of these events happened on January 22nd?
In a previous article, I noted that this east coast blizzard was officially given the name “Jonas”. It turns out that “Jonas” is actually a Greek transliteration of the Hebrew name “Jonah”.
In the Bible, Jonah was sent to the city of Ninevah to warn that the judgment of God was about to come. Some are suggesting that it may not be any accident that a historic blizzard named after this Biblical prophet hit Washington D.C. on the exact anniversary of the Roe vs. Wade decision.
And without a doubt, this was a whopper of a storm. According to USA Today, some cities broke their all-time records for snowfall from a single storm…
It was the biggest snowstorm ever recorded for three cities — Baltimore (29.2 inches), Allentown, Pa. (31.9) and Harrisburg, Pa. (34), the National Weather Service said. New York City picked up 26.8 inches of snow, missing its all-time record by one-tenth of an inch.
In the D.C. area things were absolutely crazy. Dulles Airport got a total of 29.3 inches of snow, and Baltimore-Washington International Airport got 29.2 inches of snow. Some of the outlying areas actually got closer to three feet of snow, and it could take weeks for transportation in the region to get back to normal.
New York City got absolutely pummeled as well. CNN is reporting that John F. Kennedy International Airport got 31 inches of snow and New York’s Central Park has been buried under 27 inches of snow.
In addition to crazy amounts of snow, vast stretches right along the coast had to deal with tremendous flooding. In fact, CNN is reporting that the flooding was even worse than during Hurricane Sandy in some areas…
Margate City, just down the coast from Atlantic City, was also affected.
“In a lot of our business areas and our back bay areas, water is coming over the bulkhead in a lot of the same areas as Hurricane Sandy hit,” Lt. Matt Hankinson of the Margate City Police Department said. “Some areas I would say it’s thigh- to waist-deep.”
Farther south in North Wildwood, the high tide was much higher than anticipated and caught many of the town’s 5,000 year-round residents off guard — with flooding levels that actually exceeded those during Hurricane Sandy, said Patrick Rosenello, the city’s mayor.
Meanwhile, a very powerful El Nino pattern continues to send storm after storm slamming into the west coast. It didn’t get much publicity because of the giant blizzard on the east coast, but the California coastal city of Pacifica just declared a state of emergency due to the damage from these storms. The following comes from the Daily Mail…
As the East Coast is hit with one of the most powerful storms in recent years, the West Coast is continuing to be slammed with storms thanks to El Nino.
The city of Pacifica in northern California declared a state of emergency Friday after continuous El Nino storms slammed into the city’s coastline,KNTV reported.
A sinkhole and a severely damaged sea wall are part of the destruction in the city from the wild winter weather.
‘El Nino is hitting the city’s coastline very hard and creating almost daily reports of impacts to both public and private property,’ City Manager Lorie Tinfow told KNTV.
All of this continues a very unusual pattern of disasters that we have been witnessing over the past six months. Just consider what we have seen happen since last September…
-Around the turn of the year the middle part of the country experienced absolutely horrific flooding. The only thing people can really compare it to is the great flood of 1993, and Missouri Governor Jay Nixon says that some communities saw floodwaters get to “places they’ve never been before”. Normally if the middle of the country is going to see flooding like this, it is going to happen when the snow begins to thaw in the spring. For something like this to happen in December is absolutely unprecedented.
-Prior to that, a conveyor belt of storms that barreled into coastal areas of Oregon and Washington caused horrible flooding in many areas. In fact, in early December we witnessed the wettest day in the history of Portland, Oregon. The resulting landslides and floods made headlines all over the nation.
-Before that, the remnants of Hurricane Patricia caused nightmarish flooding in many parts of Texas. The flooding was so bad that at one point an entire train was knocked off the tracks.
-Out on the west coast, flash flooding in southern California sent rivers of mud streaming across highways in southern California. The lifeless body of one man that had his vehicle completely buried in mud was recovered several days later because that is how long it took emergency workers to get to him.
-To kick things off, moisture from Hurricane Joaquin caused horrible flooding all up and down the east coast back in early October. The governor of South Carolina said that it was the worst rain that some parts of her state had seen in 1,000 years.
All of this flooding has happened since the end of September.
Never before in U.S. history have we ever seen a series of catastrophic floods like this within such a concentrated space of time.
And let us not forget that 2015 was also the worst year for wildfires in all of U.S. history, the state of Oklahoma absolutely shattered their yearly record for earthquakes, and much of the rest of the country has been experiencing highly unusual natural disasters. In fact, the state of Alaska was hit by a 7.1 magnitude earthquake just today.
In addition, my regular readers already know that global financial markets have just had their worst start to a year in all of modern history.
Could someone be trying to tell us something?
Most people out there would dismiss such a suggestion without even thinking about it. To most Americans, it must just be a “coincidence” that we have been hit by major disaster after major disaster since the month of September.
But there are others that would point out that you eventually reap what you sow, and this nation has been doing a tremendous amount of evil for a very long time.
As I mentioned at the top of this article, America has murdered more than 58 million babies since 1973. Instead of being horrified at our crimes, we just continue to shake our fist at God as we celebrate all of the evil that we are doing. In fact, Barack Obama took time out of his day on Friday to actually celebrate the anniversary of Roe v. Wade…
President Barack Obama issued a statement today, celebrating the 43rd anniversary of the Supreme Court’s 1973 Roe v. Wade decision that declared abortion a constitutionally protected right.
“Today, we mark the 43rd anniversary of the Supreme Court ruling in Roe v. Wade, which affirmed a woman’s freedom to make her own choices about her body and her health,” said Obama.
Despite being shown our guilt over and over again, we have absolutely refused to change our ways, and so now we will pay the price for our crimes.
As I have said on television, on the radio and in my articles, 2016 is the year when everything changes.
The fat cats in Washington D.C. are living the high life, and they are doing it at your expense. Over the past decade, there has been one area of the country which has experienced a massive economic boom. Thanks to wildly out of control government spending, the Washington D.C. region is absolutely swimming in cash. In fact, at this point the state of Maryland has the most millionaires per capita in the entire nation and it isn’t even close. If you have never lived there, it is hard to describe what the D.C. area is like. Every weekday morning, hordes of lawyers, lobbyists and government bureaucrats descend upon D.C. from the surrounding suburbs. And at the end of the day, the process goes in reverse. Everyone is just trying to get their piece of the pie, and it is a pie that just keeps on growing as government salaries, government contracts and government giveaways just get larger and larger. Of course our founders never intended for this to happen. They wanted a very small and simple federal government. Sadly, today we have the most bloated central government in the history of the planet and it gets worse with each passing year.
If you were to ask most Americans, they would tell you that the wealthiest Americans probably live in cities such as New York or San Francisco. But thanks to the Obama administration (and before that the Bush and Clinton administrations), the state of Maryland is packed with millionaires. In particular, the Maryland suburbs immediately surrounding D.C. are absolutely overflowing with government fat cats that make a living at our expense. Every weekday morning, huge numbers of them leave their mini-mansions in places such as Potomac and Rockville and drive their luxury vehicles to work in the city. As the Washington Post has detailed, at this point approximately 8 percent of all households in the entire state of Maryland contain millionaires, and the rest of the area is not doing too shabby either…
In Maryland, nearly 8 out of every 100 households in 2014 had assets topping $1 million, giving the state more millionaires per capita than any other in the country, according to a new report from Phoenix Marketing International.
The rest of the Beltway isn’t lacking in millionaires either: The District and Virginia ranked in the top 10 among those with the highest number of millionaire households per capita in 2014. In Virginia, which was No. 6 on the list, 6.76 percent of the state’s 3.17 million households are millionaires. And in the District, which rounds out the top 10, 6.25 percent of its more than 292,000 households are millionaires.
And while not too many of them are millionaires, your average federal workers that toil in D.C. are doing quite well too.
Once upon a time, it was considered to be a “sacrifice” to go into “government service”.
If you can believe it, approximately 17,000 federal employees made more than $200,000 last year.
Overall, compensation for federal employees comes to a grand total of close to half a trillion dollars every 12 months.
In fact, there are tens of thousands of federal employees that make more than the governors of their own states do.
Does that seem right to you?
If you want to live “the American Dream” these days, the Washington area is the place to go. Just check out the following description of the region from the Washington Post…
Washingtonians now enjoy the highest median household income of any metropolitan area in the country, and five of the top 10 jurisdictions in America — Loudoun, Howard and Fairfax counties, and Falls Church and Fairfax City — are here, census data shows.
The signs of that wealth are on display all over, from the string of luxury boutiques such as Gucci and Tory Burch opening at Tysons Galleria to the $15 cocktails served over artisanal ice at the W Hotel in the District to the ever-larger houses rising off River Road in Potomac.
And of course let us not forget the fat cats in Congress.
According to CNN, our Congress critters are now wealthier than every before…
The typical American family is still struggling to recover from the Great Recession, but Congress is getting wealthier every year.
The median net worth of lawmakers was just over $1 million in 2013, or 18 times the wealth of the typical American household, according to new research released Monday by the Center for Responsive Politics.
And while Americans’ median wealth is down 43% since 2007, Congress members’ net worth has jumped 28%.
Not only that, there are nearly 200 members of Congress that are actually multimillionaires…
Nearly 200 are multimillionaires. One hundred are worth more than $5 million; the top-10 deal in nine digits. The annual congressional salary alone—$174,000 a year—qualifies every member as the top 6 percent of earners. None of them are close to experiencing the poverty-reduction programs—affordable housing, food assistance, Medicaid—that they help control. Though some came from poverty, a recent analysis by Nicholas Carnes, in his book White Collar Government: The Hidden Role of Class in Economic Policymaking, found that only 13 out of 783 members of Congress from 1999 to 2008 came from a “blue-collar” upbringing.
But even though almost all of them are quite wealthy, they don’t hesitate to spend massive amounts of taxpayer money on their own personal needs.
For example, according to the Weekly Standard, more than five million dollars was spent on the hair care needs of U.S. Senators alone over one recent 15 year period…
Senate Hair Care Services has cost taxpayers about $5.25 million over 15 years. They foot the bill of more than $40,000 for the shoeshine attendant last fiscal year. Six barbers took in more than $40,000 each, including nearly $80,000 for the head barber.
And in one recent year, an average of $4,005,900 was spent on “personal” and “office” expenses per U.S. Senator.
So the grand total would have been over 400 million dollars for a single year.
That seems excessive, doesn’t it?
And even when they end up leaving Washington, our Congress critters have ensured that they will continue to collect money from U.S. taxpayers for the rest of their lives…
In 2011, 280 former lawmakers who retired under a former government pension system received average annual pensions of $70,620, according to a Congressional Research Service report. They averaged around 20 years of service. At the same time, another 215 retirees (elected in 1984 or later with an average of 15 years of service) received average annual checks of roughly $40,000 a year.
If you can believe it, there are quite a few former lawmakers that are collecting federal pensions for life worth at least $100,000 annually. The list includes Newt Gingrich, Bob Dole, Trent Lott, Dick Gephardt and Dick Cheney.
Of course the biggest windfalls of all are for our ex-presidents. Most Americans would be shocked to learn that the U.S. government is spending approximately 3.6 million dollars a year to support the lavish lifestyles of former presidents such as George W. Bush and Bill Clinton.
So does this make you angry?
Or are you okay with these fat cats living the high life at our expense?
Please feel free to add to the discussion by posting a comment below…
Did you know that 77 million Americans have unpaid debts that are “in collections” and that Congress is actually thinking about letting post offices offer payday loans? We live in a country where almost everyone is drowning in debt and where most people are either flat broke or very close to flat broke. Years ago, “your Mama is so broke” jokes were all the rage, and at the rate we are going they could make a big comeback. Some of my favorites were “your Mama is so broke she went to McDonald’s and put a milkshake on layaway” and “your Mama is so broke your family ate cereal with a fork to save milk”. Unfortunately, the facts that I am about to share with you are not funny at all. In fact, they are quite sobering. Yes, things are going fairly well for the elitists that live in the good areas of New York City, Washington D.C. and San Francisco right now, but most of the country is deeply struggling as our economic fundamentals continue to crumble. Please share these numbers with as many people as you can, because we need people to understand that there has not been an “economic recovery” for most of America. In fact, in many ways things just continue to get even worse. The following are 21 ways to end the phrase “Americans are so broke”…
1. Americans are so broke that about a third of them have debt collectors on their heels. One recent study discovered that more than one out of every three adults in the United States has an unpaid debt that is “in collections“. That is a total of 77 million people. In other words, the debt collection business in America is absolutely booming.
2. Americans are so broke that Congress is now actually considering allowing post offices to provide payday loans and check cashing services.
3. Americans are so broke that they are keeping their vehicles longer than ever. The average age of vehicles on America’s roads recently set a new all-time high of 11.4 years.
4. Americans are so broke that car dealers are having to go to extreme lengths to get new customers. Last year, one out of every four auto loans in the United States was made to someone with subprime credit.
5. Americans are so broke that 52 percent of them cannot even afford the homes that they are living in right now.
6. Americans are so broke that they are falling farther behind on their student loans than ever. The total amount of student loan debt in the U.S. has now reached a whopping 1.2 trillion dollars, and approximately seven million Americans are in default on their student loans at this point.
7. Young Americans are so broke that half of all college graduates are still relying on their parents financially when they are two years out of school.
8. Young Americans are so broke that only 36 percent of American adults under the age of 35 currently own a home. That is the lowest level that has ever been recorded.
9. Americans are so broke that many of them can’t even afford to shop at Wal-Mart and dollar stores anymore…
Discount stores are slowly dying.
Yesterday, Dollar Tree announced it would buy Family Dollar, a chain that is in the process of closing hundreds of stores and firing workers.
Other discount stores have been struggling as well, writes Heidi Moore at The Guardian. Fashion discounter Loehmann’s filed for bankruptcy, while Wal-Mart’s sales have declined for the past five quarters.
“There’s just not enough money deployed by American families to keep all the discount chains in business,” Moore writes.
10. Americans are so broke that they are running up record levels of debt. Overall, U.S. households are 11.68 trillion dollars in debt right now.
11. Americans are so broke that the wealth of the “typical American household” has fallen by 36 percent over the past decade.
12. Americans are so broke that one out of every four part-time workers in America is living below the poverty line.
13. Americans are so broke that more than 37 million Americans are now being served by food pantries and soup kitchens.
14. Americans are so broke that there are 49 million Americans that are dealing with food insecurity.
15. Americans are so broke that the number of people on food stamps has increased by about 14 million while Obama has been in the White House. Ten years ago, the number of women in the U.S. that had jobs outnumbered the number of women in the U.S. on food stamps by more than a 2 to 1 margin. But now the number of women in the U.S. on food stamps actually exceeds the number of women that have jobs.
16. Americans are so broke that the U.S. government has had to spend an astounding 3.7 trillion dollars on welfare programs over the past five years.
17. Americans are so broke that more than 20 percent of all children in the U.S. are living in poverty.
18. Americans are so broke that we have a record number of kids sleeping in the streets. In fact, we have more than a million public school children that are homeless at this point.
19. Americans are so broke that 76 percent of all Americans are living paycheck to paycheck.
20. Americans are so broke that 26 percent of Americans have absolutely no emergency savings whatsoever.
21. Americans are so broke that approximately two-thirds of all Americans do not have enough money saved up to cover six months of expenses if an emergency arose.
If things are this bad now, during the so-called “economic recovery”, how bad will things get during the next major economic downturn?
Unfortunately, most Americans have been lulled into a false sense of security. The financial crisis of 2008 seems like ancient history to most of them now, and most people appear to believe that our leaders have “fixed” whatever was wrong the last time.
Of course that is not the case at all. In fact, our long-term problems have just continued to grow since then.
The truth is that what we are experiencing right now is about as good as things are going to get for the U.S. economy. When the next crisis arrives, all of the numbers in the list above are going to rapidly get a lot worse.
So enjoy the rest of this “bubble” while you still can. It certainly will not last for too much longer.
Has the next major economic downturn already started? The way that you would answer that question would probably depend on where you live. If you live in New York City, or the suburbs of Washington D.C., or you work for one of the big tech firms in the San Francisco area, you would probably respond to such a question by saying of course not. In those areas, the economy is doing great and prices for high end homes are still booming. But in most of the rest of the nation, evidence continues to mount that the next recession has already begun for the poor and the middle class. As you will read about below, major retailers had an absolutely dreadful start to 2014 and home sales are declining just as they did back in 2007 before the last financial crisis. Meanwhile, the U.S. economy continues to lose more good jobs and 20 percent of all U.S. families do not have a single member that is employed at this point. 2014 is turning out to be eerily similar to 2007 in so many ways, but most people are not paying attention.
During the first quarter of 2014, earnings by major U.S. retailers missed estimates by the biggest margin in 13 years. The “retail apocalypse” continues to escalate, and the biggest reason for this is the fact that middle class consumers in the U.S. are tapped out. And this is not just happening to a few retailers – this is something that is happening across the board. The following is a summary of how major U.S. retailers performed in the first quarter of 2014 that was put together by Jim Quinn…
Wal-Mart Profit Plunges By $220 Million as US Store Traffic Declines by 1.4%
Target Profit Plunges by $80 Million, 16% Lower Than 2013, as Store Traffic Declines by 2.3%
Sears Loses $358 Million in First Quarter as Comparable Store Sales at Sears Plunge by 7.8% and Sales at Kmart Plunge by 5.1%
JC Penney Thrilled With Loss of Only $358 Million For the Quarter
Kohl’s Operating Income Plunges by 17% as Comparable Sales Decline by 3.4%
Costco Profit Declines by $84 Million as Comp Store Sales Only Increase by 2%
Staples Profit Plunges by 44% as Sales Collapse and Closing Hundreds of Stores
Gap Income Drops 22% as Same Store Sales Fall
American Eagle Profits Tumble 86%, Will Close 150 Stores
Aeropostale Losses $77 Million as Sales Collapse by 12%
Best Buy Sales Decline by $300 Million as Margins Decline and Comparable Store Sales Decline by 1.3%
Macy’s Profit Flat as Comparable Store Sales decline by 1.4%
Dollar General Profit Plummets by 40% as Comp Store Sales Decline by 3.8%
Urban Outfitters Earnings Collapse by 20% as Sales Stagnate
McDonalds Earnings Fall by $66 Million as US Comp Sales Fall by 1.7%
Darden Profit Collapses by 30% as Same Restaurant Sales Plunge by 5.6% and Company Selling Red Lobster
TJX Misses Earnings Expectations as Sales & Earnings Flat
Dick’s Misses Earnings Expectations as Golf Store Sales Plummet
Home Depot Misses Earnings Expectations as Customer Traffic Only Rises by 2.2%
Lowes Misses Earnings Expectations as Customer Traffic was Flat
That is quite a startling list.
But plummeting retail sales are not the only sign that the U.S. middle class is really struggling right now. Home sales have also been extremely disappointing for quite a few months. This is how Wolf Richter described what we have been witnessing…
This is precisely what shouldn’t have happened but was destined to happen: Sales of existing homes have gotten clobbered since last fall. At first, the Fiscal Cliff and the threat of a US government default – remember those zany times? – were blamed, then polar vortices were blamed even while home sales in California, where the weather had been gorgeous all winter, plunged more than elsewhere.
Then it spread to new-home sales: in April, they dropped 4.7% from a year ago, after March’s year-over-year decline of 4.9%, and February’s 2.8%. Not a good sign: the April hit was worse than February’s, when it was the weather’s fault. Yet April should be the busiest month of the year (excellent brief video by Lee Adler on this debacle).
We have already seen that in some markets, in California for example, sales have collapsed at the lower two-thirds of the price range, with the upper third thriving. People who earn median incomes are increasingly priced out of the market, and many potential first-time buyers have little chance of getting in. In San Diego, for example, sales of homes below $200,000 plunged 46% while the upper end is doing just fine.
As Richter noted, sales of upper end homes are still doing fine in many areas.
But how long will that be able to continue if things continue to get even worse for the poor and the middle class? Traditionally, the U.S. economy has greatly depended upon consumer spending by the middle class. If that continues to dry up, how long can we avoid falling into a recession? For even more numbers that seem to indicate economic trouble for the middle class, please see my previous article entitled “27 Huge Red Flags For The U.S. Economy“.
Other analysts are expressing similar concerns. For example, check out what John Williams of shadowstats.com had to say during one recent interview…
We’re turning down anew. The first quarter should revise into negative territory… and I believe the second quarter will report negative as well.
That will all happen by July 30 when you have the annual revisions to the GDP. In reality the economy is much weaker than that. Economic growth is overstated with the GDP because they understate inflation, which is used in deflating the number…
What we’re seeing now is just… we’ve been barely stagnant and bottomed out… but we’re turning down again.
The reason for this is that the consumer is strapped… doesn’t have the liquidity to fuel the growth in consumption.
Income… the median household income, net of inflation, is as low as it was in 1967. The average guy is not staying ahead of inflation…
This has been a problem now for decades… You were able to buy consumption from the future by borrowing more money, expanding your debt. Greenspan saw the problem was income, so he encouraged debt expansion.
That all blew apart in 2007/2008… the income problems have continued, but now you don’t have the ability to borrow money the way you used to. Without that and the income problems remaining, there’s no way that consumption can grow faster than inflation if income isn’t.
As a result – personal consumption is more than two thirds of the economy – there’s no way you can have positive sustainable growth in the U.S. economy without the consumer being healthy.
The key to the health of the middle class is having plenty of good jobs.
But the U.S. economy continues to lose more good paying jobs.
For example, Hewlett-Packard has just announced that it plans to eliminate 16,000 more jobs in addition to the 34,000 job cuts that have already been announced.
Today, there are 27 million more working age Americans that do not have a job than there were in 2000, and the quality of our jobs continues to decline.
This is absolutely destroying the middle class. Unless the employment situation in this country starts to turn around, there does not seem to be much hope that the middle class will recover any time soon.
Meanwhile, there are emerging signs of trouble for the wealthy as well.
For instance, just like we witnessed back in 2007, things are starting to look a bit shaky at the “too big to fail” banks. The following is an excerpt from a recent CNBC report…
Citigroup has joined the ranks of those with trading troubles, as a high-ranking official told the Deutsche Bank 2014 Global Financial Services Investor Conference Tuesday that adjusted trading revenue probably will decline 20 percent to 25 percent in the second quarter on an annualized basis.
“People are uncertain,” Chief Financial Officer John Gerspach said of investor behavior, according to an account from the Wall Street Journal. “There just isn’t a lot of movement.”
In recent weeks, officials at JPMorgan Chase and Barclays also both reported likely drops in trading revenue. JPMorgan said it expected a decline of 20 percent of the quarter, while Barclays anticipates a 41 percent drop, prompting it to announce mass layoffs that will pare 19,000 jobs by the end of 2016.
Remember, very few people expected a recession the last time around either. In fact, Federal Reserve Chairman Ben Bernanke repeatedly promised us that we would not have a recession and then we went on to experience the worst economic downturn since the Great Depression.
It will be the same this time as well. Just like in 2007, we will continue to get an endless supply of “hopetimism” from our politicians and the mainstream media, and they will continue to fill our heads with visions of rainbows, unicorns and economic prosperity for as far as the eyes can see.
But then the next recession will strike and most Americans will be completely blindsided by it.
Did you know that the number of Americans on welfare is higher than the number of Americans that have full-time jobs? Did you know that 1.2 million public school students in the U.S. are currently homeless? Anyone that uses the term “economic recovery” to describe what is happening in the United States today is being deeply insulting to the nearly 150 million Americans that are considered to be either “poor” or “low income” at this point. Yes, things are great in New York City, Washington D.C. and San Francisco, but almost everywhere else economic conditions continue to steadily get worse. The gap between the wealthy and the poor is at a level that America has never seen before, and this is beginning to create a “Robin Hood mentality” that could cause a tremendous amount of social chaos in the years ahead. Anger at the “haves” in America continues to rise at a very alarming pace, and the “have nots” are becoming increasingly desperate. At some point all of this anger is going to boil over, and you won’t want to be anywhere around major population centers when that happens. Despite unprecedented borrowing by the federal government in recent years, and despite unprecedented money printing by the Federal Reserve, poverty in the United States keeps getting worse with each passing year. The following are 29 incredible facts which prove that poverty in America is absolutely exploding…
1. What can you say about a nation that has more people getting handouts from the federal government than working full-time? According to the latest numbers from the U.S. Census Bureau, the number of people receiving means-tested welfare benefits is greater than the number of full-time workers in the United States.
2. New numbers have just been released, and they show that the number of public school students in this country that are homeless is at an all-time record high. 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.
3. When I was growing up, it seemed like almost everyone was from a middle class home. But now that has all changed. One recent study discovered that nearly half of all public students in the United States come from low income homes.
4. How can anyone deny that we are a socialist nation when half the people are getting money from the federal government each month? According to the most recent numbers from the U.S. Census Bureau, 49.2 percent of all Americans are receiving benefits from at least one government program.
5. Signs of increasing poverty are even showing up in the wealthiest areas of the nation. According to the New York Post, New York subways are being “overrun with homeless“.
6. According to the U.S. Census Bureau, approximately one out of every six Americans is now living in poverty. The number of Americans living in poverty is now at a level not seen since the 1960s.
7. The gap between the rich and the poor in the United States is at an all-time record high. The wealthy may not consider this to be much of a problem, but those at the other end of the spectrum are very aware of this.
8. The “working poor” is one of the fastest growing segments of the U.S. population. At this point, approximately one out of every four part-time workers in America is living below the poverty line.
9. According to numbers provided by Wal-Mart, more than half of their hourly workers make less than $25,000 a year.
10. A recent Businessweek article mentioned a study that discovered that 300 employees at one Wal-Mart in Wisconsin receive a combined total of nearly a million dollars a year in public assistance…
“A decent wage is their demand—a livable wage, of all things,” said Representative George Miller (D-Calif.). The problem with companies like Wal-Mart is their “unwillingness, not their inability, to pay that wage,” he said. “They hand off the difference to taxpayers.” Miller was referring to a congressional report (PDF) released in May that calculated how much Walmart workers rely on public assistance. The study found that the 300 employees at one Supercenter in Wisconsin required some $900,000 worth of public assistance a year.
11. The stock market may be doing great (for the moment), but incomes for average Americans continue to decline. In fact, median household income in the United States has fallen for five years in a row.
12. The quality of the jobs in America has been steadily dropping for years. At this point, one out of every four American workers has a job that pays $10 an hour or less.
13. According to a Gallup poll that was recently released, 20.0% of all Americans did not have enough money to buy food that they or their families needed at some point over the past year. That is just under the record of 20.4% that was set back in November 2008.
14. Young adults are particularly feeling the sting of poverty these days. American families that have a head of household that is under the age of 30 have a poverty rate of 37 percent.
15. As I wrote about a few weeks ago, one out of every five households in the United States is on food stamps. Back in the 1970s, about one out of every 50 Americans was on food stamps.
16. The number of Americans on food stamps now exceeds the entire population of Spain.
17. According to one calculation, the number of Americans on food stamps now exceeds the combined populations of “Alaska, Arkansas, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Iowa, Kansas, Maine, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Utah, Vermont, West Virginia, and Wyoming.”
18. We are told that we live in the “wealthiest nation” on the planet, and yet more than one out of every four children in the United States is enrolled in the food stamp program.
19. The average food stamp benefit breaks down to approximately $4 per person per day.
20. It is being projected that approximately 50 percent of all U.S. children will be on food stamps before they reach the age of 18.
21. Today, approximately 17 million children in the United States are facing food insecurity. In other words, that means that “one in four children in the country is living without consistent access to enough nutritious food to live a healthy life.”
22. It may be hard to believe, but approximately 57 percent of all children in the United States are currently living in homes that are considered to be either “low income” or impoverished.
23. The number of children living on $2.00 a day or less in the United States has grown to 2.8 million. That number has increased by 130 percent since 1996.
24. In Miami, 45 percent of all children are living in poverty.
25. In Cleveland, more than 50 percent of all children are living in poverty.
26. According to a recently released report, 60 percent of all children in the city of Detroit are living in poverty.
27. According to a Feeding America hunger study, more than 37 million Americans are now being served by food pantries and soup kitchens.
28. The U.S. government has spent an astounding 3.7 trillion dollars on welfare programs over the past five years.
29. It has been reported that 4 out of every 5 adults in the United States “struggle with joblessness, near-poverty or reliance on welfare for at least parts of their lives”.
These poverty numbers keep getting worse year after year no matter what our politicians do.
So is there anyone out there that would still like to argue that we are in an “economic recovery”?
And as I mentioned above, the “have nots” are becoming increasingly angry at the “haves”. For example, just check out the following excerpt from a recent New York Post article…
The maniac who butchered a Brooklyn mom and her four young kids confessed that he did it because he was jealous of their way of life, a police source told The Post on Sunday.
“The family had too much. Their income (and) lifestyle was better than his,” the source said.
The bloody suspect was caught holding the kitchen knife he used during the Saturday night rampage inside the Sunset Park apartment where he had been staying with the victims, the source added.
Sadly, this was not an isolated incident. All over the western world, a “Robin Hood mentality” is growing. This is something that I am so concerned about that I made it a big part of my new book. At this point, even wealthy Hollywood-types such as actor Russell Brand are calling for a socialist-style “revolution” and a “massive redistribution of wealth“.
Perhaps Brand does not understand that what he is calling for would mean redistributing most of his own wealth away from him.
When the next major wave of the economic collapse strikes, I fear that all of this anger and frustration that are growing among the poor will boil over in some very frightening ways. I believe that we will see a huge spike in crime and that we will eventually see communities all over America looted and burning.
But I am not the only one that is thinking along these lines. A new National Geographic Channel movie entitled “American Blackout” attempts to portray the social chaos that could erupt in the event of an extended national power failure…
American Blackout, National Geographic Channel’s two-hour, edge-of-your-seat movie event imagines the story of a national power failure in the United States caused by a cyberattack — told in real time, over 10 days, by those who kept filming on cameras and phones. You’ll learn what it means to be absolutely powerless.
You can view a clip of the film that was made available by NatGeo for the SHTFplan.com community right here.
What would you do if something like that happened to you?
How would you handle desperate, hungry people at your fence asking for food?
And what if those people were armed and were not “asking nicely” for your food?
Don’t ignore what is happening in America right now. It is setting the stage for some very chaotic times.
Get ready while you still can.