The Beginning Of The End
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The Number One Catastrophic Event That Americans Worry About: Economic Collapse

Can you guess what the number one catastrophic event that Americans worry about is?  There are certainly many to choose from.  Many Americans are deathly afraid of a major terrorist attack.  Others live in constant fear of natural disasters such as earthquakes, volcanoes and hurricanes.  Still others are incredibly concerned that a massive pandemic will break out at any time or that World War III will erupt in the Middle East.  Yes, there are certainly a lot of potential catastrophic events that one can worry about in the times in which we live, but the number one catastrophic event that Americans worry about is actually "economic collapse".  At least that is what a recent survey conducted by Leiflin Inc. for the EcoHealth Alliance found.  But this goes along with what so many other polls have found over the past few years.  Over and over again, opinion polls have found that the number one issue that American voters are concerned about is the economy.  The truth is that average Americans are deeply, deeply concerned about unemployment, debt, the housing crash and the steady decline in the standard of living.  It has been years since the U.S. economy has operated at a "normal" level, and many Americans are afraid that things could soon get a whole lot worse.

In the new survey mentioned above, those contacted were asked to select the top three potential catastrophes that worry them the most.

The following results come directly from the survey....

Economic Collapse: 63%
Natural Disaster: 46%
Terrorist Attack: 44%
Global Disease Outbreak: 33%
Global War: 27%
Nuclear Accident: 25%
Global Warming: 22%
Fuel Shortage: 15%
Cyber War: 8%
Famine: 8%
Oil Spill: 6%
Industrial Accident: 5%

As you can see, "economic collapse" was the winner by a wide margin.

So are there good reasons for the American people to be concerned about an economic collapse?

Of course there are.

Back in 2008, a financial crisis that began on Wall Street was felt in the farthest corners of the globe.

This time, ground zero for the financial crisis is going to be in Europe.  As I have written about previously, the European financial system is rapidly coming apart at the seams.  The euro continues to drop like a rock, and banking stocks continue their long-term decline.

Many people expect a "financial collapse" to happen on a particular day.  But that is not how it happens usually.  Instead, it is often like a snowball that starts rolling downhill very slowly at first but that eventually become a huge avalanche.

Right now, we are seeing the financial world come apart in slow motion.  A recent article posted on Automatic Earth included a list of the year-to-date performance of some of the most prominent global banking stocks.  These numbers are absolutely staggering....

  • BofA: -60.38%
  • Citi: -44.76%
  • Goldman Sachs: -46.41%
  • JPMorgan: -23.03%
  • Morgan Stanley: -45.24%
  • RBS: -50%
  • Barclays: -34.32%
  • Lloyds: -63.02%
  • UBS: -29.33%
  • Deutsche Bank: -28,55%
  • Crédit Agricole: -56.04%
  • BNP Paribas: -37.67%
  • Société Générale: -59.57%

But because these numbers happened over the course of a year and not on a single day it doesn't feel quite as much like a "collapse".

Unfortunately, things are about to get a whole lot worse.  Global credit markets are really freezing up - especially in Europe.

Considering the fact that the entire global financial system is based on credit and debt, that is a very bad thing.

Our system simply does not work when banks do not want to lend money to each other or to businesses.

Just yesterday there was an article in the Guardian that talked about how it looks like the credit crunch may be getting even worse....

"If European banks are still this concerned, it's not a good sign," said Karl Schamotta, senior markets strategist with Western Union Business Solutions. "That underlines the possibility that this liquidity crunch is getting worse and will continue into the new year."

When banks cut back on lending, that causes the money supply to shrink.  When the money supply shrinks substantially, it is almost impossible to avoid a recession.  A recent article by Ambrose Evans-Pritchard detailed how the money supply in many eurozone nations is shrinking at a very rapid pace right now....

Simon Ward from Henderson Global Investors said "narrow" M1 money – which includes cash and overnight deposits, and signals short-term spending plans – shows an alarming split between North and South.

While real M1 deposits are still holding up in the German bloc, the rate of fall over the last six months (annualised) has been 20.7pc in Greece, 16.3pc in Portugal, 11.8pc in Ireland, and 8.1pc in Spain, and 6.7pc in Italy. The pace of decline in Italy has been accelerating, partly due to capital flight. "This rate of contraction is greater than in early 2008 and implies an even deeper recession, both for Italy and the whole periphery," said Mr Ward.

Those are very, very frightening numbers.

About the only thing propping up European banks right now is the fact that the European Central Bank is loaning them gigantic piles of cheap money.

But there is a big problem.

European banks are running out of collateral for those loans as an article in the Wall Street Journal recently noted....

Even after the European Central Bank doled out nearly half a trillion euros of loans to cash-strapped banks last week, fears about potential financial problems are still stalking the sector. One big reason: concerns about collateral.

The only way European banks can now convince anyone—institutional investors, fellow banks or the ECB—to lend them money is if they pledge high-quality assets as collateral.

Now some regulators and bankers are becoming nervous that some lenders' supplies of such assets, which include European government bonds and investment-grade non-government debt, are running low.

So what happens when banks all over Europe start running out of collateral and can't get any more loans?

The answer should be obvious.

As I detailed a few days ago, many prominent voices in the financial world now believe that we could be looking at a financial crisis that will be even worse than 2008.

If you want to see what happens when a collapse happens and a depression begins, just look at what is happening in Greece....

*100,000 businesses have been closed since the beginning of the crisis.

*About a third of the nation is now living in poverty.

*The unemployment rate for those under the age of 24 is 39 percent.

*The number of suicides has increased by 40 percent in the past year.

*Thefts and burglaries nearly doubled between 2007 and 2009.

Things have gotten so bad that hundreds of families in Greece are abandoning their children.

Some are taking their children to charitable institutions and others are handing them directly over to the government.

The following sad story of one Greek family comes from an article in the Guardian....

"Psychologically we were all in a bit of a mess," said Gasparinatos. "We were sleeping on mattresses on the floor, the rent hadn't been paid for months, something had to be done."

And so, with Christmas approaching, the 42-year-old took the decision to put in an official request for three of his boys and one daughter to be taken into care.

"The crisis had killed us. I am ashamed to say but it had got to the point where I couldn't even afford the €2 needed to buy bread," he told the Guardian. "We didn't want to break up the family but we did think it would be easier for them if four of my children were sent to an institution for maybe two or three years."

Does that seem shocking to you?

Well, all of this is coming to America eventually.

Someday we will see American parents abandoning their children because they cannot take care of them anymore.

Someday we will see suicides absolutely skyrocket in America because people have lost all hope.

Someday we will see thefts and burglaries soar to unprecedented heights as millions of desperate people attempt to try to find some way to survive.

It is all coming.

The federal government cannot pile up a trillion dollars of additional debt every year indefinitely.

We cannot afford to see an average of 23 manufacturing facilities a day in the United States shut down.  Eventually there won't be anymore factories to shut down.

We cannot afford to keep putting millions more Americans on welfare.  At this point the government is feeding 46 million Americans a month.  Will the government eventually be feeding most of us?

The U.S. economy is getting weaker and weaker and weaker.  All of the long-term trends are absolutely nightmarish.  We are accumulating debt faster than ever, and our ability to produce wealth is diminishing faster than ever.

There is no way that things are going to be okay if we stay on the path that we are currently on.

So the truth is that Americans should be very concerned about an economic collapse.

It is coming and it is going to be very painful.

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  • http://www.muccings.blogspot.com Gerald Mucci

    Get used to it. 50% or more of Americans have become accustomed to be on some form of government payroll or dole. Whether by government employment, food stamps, housing subsidy, child welfare payment, social security, or a hundred other programs, these government-dependent special interest groups will see to it that government keeps spending more than it takes in. And this WILL increase the likelihood of financial collapse in this country. We’ve already endured several decades of moral collapse. It is inevitable the financial collapse is soon to follow.

    • M. Hapney

      Add in that millions of Americans are on anti depressant and other drugs and will not have access to them in an economic collapse.

      I have a friend who said if he lost access to his pharm fix he would off himself within a couple of weeks. Nice.

      It would be nice if an economic collapse meant the end of what our military is doing but they will be the last to die off. All of us first.

    • mark

      You are right. These people will never vote for a pol that will cut their government check. This will go on till a collaspe happens. I for one will be as prepared as I can.

  • r.bitting

    2012 will be a year unlike any in history. The day of America’s watchman has come. America at one time held the truth of the Bible in the highest regard, and as a result she flourished, but now America has foraken God and his Son, the Lord Jesus Christ and what you have seen as a result is a society that is deteriorating rapidly in every aspect of daily life. People will be quick to dismiss this as the judgment of God, but a cursory reading of Romans Ch. 1 verses 18-32 will point you to the fact that God’s judgment does’nt always come ” raining down from heaven “. When people reject Gods truth and reject his laws, then God removes his restraining influence and allows man’s bad choices to run there course. The result is moral, economic & spiritual collapse. Gotta read Romans ch. 1 people.

    • justamom

      Thanks for this post, r.bitting. I have been thinking about Romans 1 as well. Sadly, the description fits our nation almost perfectly.

      Just a heads up for 2012:
      The LORD gave;
      And the LORD has taken away;
      Blessed be the name of the LORD. Job 1:21

      We are moving into a season where the Lord will take away. Job lost everything and yet he continued to honor God. It is easy to bless the Lord when He is generous and gives liberally, but will we bless Him when He begins to remove those things He has blessed us with? Will we praise Him regardless? Will we be faithful until the end? Will the Lord Jesus Christ find faith on the earth when He returns?

      I appreciate your testimony here, r.bitting. There are many Christians who read the comment section and find hope in the words you post. God bless you!

      • r.bitting

        Thank you for the encouragement Justamom, BTW.. How did the baked goods outreach to your neighbors go?

        • justamom

          r.bitting,
          This article is so old now that you may never find my reply! Thanks for remembering my previous post and asking about it.

          Our outreach to our neighbors was amazingly successful! It seems that the Christmas caroling was a “disarming” and “non-threatening” way to meet and bless those who live around us, even those we don’t know personally. We discovered neighbors with cancer, poverty, illness, unemployment. Real people with real needs: Now we know how to pray and how to serve. Many that we caroled to turned right around and sent us Christmas cards and thank you notes and greetings—such a blessing.

          The three families that caroled together (21 persons in all) had such fun and are now even closer friends than before; you simply would never believe how much fun we had! It took 3 consecutive Friday nights to reach all 27 homes on our mountain. Around 8 PM each night, we returned to my house for soup and bread by the fire. We laughed and sang and prayed and played games and gave thanks together—just precious times for which I will always be grateful.

          We are more convinced than ever that THIS is the time to share the love of Jesus Christ with those who live on this mountain. We are asking HIM for a divine strategy for 2012 and beyond—but I guess that is for a different blog. This is economics, after all. :)

          God bless!

    • Gary2

      sounds like you think we are living in Sodom and/of Gomorrah?

      • r.bitting

        Yes, I do think America today does resemble Sodom and Gomorrah. But if you will recall, God provided a means of escape for the righteous. This is not to say that I believe Christians will be spared from experiencing the collapse, because I believe it’s during that dark time that they will be used the most. You would do well to reconsider with a new attitude, the means of escape that God has provided for you through the sacrificial death of Christ on the cross. But regardless of whether you accept this advice or not, know this, if you continue to mock God, it well not end well for you…I strongly suggest that you refrain in the future. God is not mocked, for as a man sows, that shall he reap.

      • mondobeyondo

        As a matter of fact, we’re worse than Sodom and Gomorrah.

  • http://HomelessMovie.com Prepared Pastor

    Someone was asking me about this on Facebook today. They wanted to know where to start preparing for this eventuality. I gave her my list of Five Things First:
    1. Order a water filter & source or store water
    2. Inventory your kitchen and buy three month’s of nonperishable food similar to
    what you normally eat.
    3. Start discussions with family members and high school or college friends who lives far from a major city. Facebook is great for this. It is pretty easy to spot posts by prepper friends who would likely be willing to train you.
    4. Assemble a medical kit including several month’s supply of any medically necessary prescriptions.
    5. Purchase a 12 gauge shotgun from a private seller or at a gun show and buy as
    many shells as you can afford (from several retailers).

    • Michael

      Good tips!

      Michael

    • Tim

      Re: point # 5.

      I’ve had a question about this. If one purchases a firearm from a private seller or from a gun show, are they not required to register the firearm?

      • Horse

        Can’t say about other states but here in WI, ANY private gun sales stays private.
        No inclusion of paperwork or gov meddling at all.
        Be it at a gun show, in parking lot of said gun show or in your living room.

        Paperwork is only involved if you personally register your weapon completely by your own choice.

        If you buy from a dealer at the show or any store then registration is done on the spot.

        Bought my last 12ga pump at a pawn shop, moss 500A love it.
        Yea, paperwork was done..

        Horse

    • Rancher

      Your water better equal your food. If you are counting o pressurized water then that is a big mistake. You also forgot about heating or staying warm. Most uneducated preppers imagine a crisis in warm summer…

      • jim steel

        Sir: Heavens no…..only weapons purchased from fire arms dealers[FFL] are required to pass scrutiny by our beloved “dear leaders”. Stay off the radar !!!If you live in Ill or DC the’re may be local regs that are made for non-compliance non-sheeple…..

  • Rodster

    I actually think if and when an economic collapse happens it may even be worse than what you pointed out. I can picture mass chaos around the world, panic. I can see riots in cities, looting, people possibly trying to overthrow their governments, killings.

    If an economic collapse happens it may be so catastrophic it may take decades to right the ship if it’s not too late by then.

    I have started to prepare. Yesterday I ordered some emergency portable drinking water filtration devices. I’ve been stocking up on food. I have been very nervous since 2008 and I felt more pain was on the way. And wait till Obamacare comes into effect, ouch.

  • Gary2

    Lets put the looney Ron Paul crap to rest. he can not win ever. First Racist and now anti-gay.

    Sasha Barron Cohen take Ron Paul down!

    Sacha Baron Cohen’s “Interviews” With Newt Gingrich and Ron Paul Tell Us a Lot About the 2012 GOP Field

    • r.bitting

      Michael, this is an economic collapse blog, can you create a site where the left and the right can go to blame one another at? ( just kidding, I just wanted gary to experience his own bias ).

      • highspeedloafer

        The Paul people can rest when Gary quits belching out the same tax the rich vomit.

    • Taylor

      Gary2 is an immoral degenerate, reprobate, and disgusting low-life.

  • Gary2

    The number one Catastrophic Event that I worry about is republicans being elected and their destructive policies to continue ruining this country.

    • Malcolm Reynolds

      psst! Be careful what you wish for (and believe).

  • Gary2

    Occupy Protesters Interrupt Ron Paul During Campaign Event: “Why Do You Hate Gays?”

    This guy ain’t gonna win-get over it!

    • knightowl77

      He may not, but he is still a damn sight better than Barry Hussein ….of course my dog would be better than Barry….the other rinos aren’t worth a damn either, but again they’d be better (barely) than the community organizer in chief…

      • mondobeyondo

        My chihuahua could garner at least 4 or 5 votes in the upcoming Iowa caucus.

    • J

      Too bad it is the GAYS themselves who are utterly filled with H8TE, H8TE, H8TE. Just ask any Prop 8 supporter

      • Gay Veteran

        yeah, Teh Gays are trying to legally void all those heterosexual marriages

        self-pity is one of the major characteristic of a lot of right-wingers and “Christians”

  • mondobeyondo

    Seriously? I thought the number one concern of Americans was Snooki’s current and future career.

  • mondobeyondo

    “The federal government cannot pile up a trillion dollars of additional debt every year indefinitely…

    Alice in Plunderland.

  • ScoutMotto

    Get those long-term storeable foods while the getting is good. Get the canned goods. Get the hygiene products – go the dollar store and get the shampoo and soap.

    When it all hits the fan, you won’t be able to whip out the credit card and buy a can of “instant survival.”

  • http://www.racelies.com SmokeDogg

    Forget the economic collapse, what worries me is the Conservative Dominionist Christian Dictatorship that will come as a result of this Crisis.

    4 more years of Obama, then the real dictatorship will be here.

    You’ll see sheepole.

    • Gary2

      you got that right!

      The conservatives are pro-birth but anti-life. What a bunch of low info dolts. I was listening to NPR and some low info right winger called and said “the rich pay 80% of the federal taxes”

      The guest said that when you look at the TOTAL tax burden the rich pay 29% and the rest of us pay 25%. When you look at the % of wealth and income the rich get they are not even close to paying their fair share.

      How can conservatives be such fools?

      So another caller says we have the most freedom in the USA. Guest says thats not true and the repeated gallop polls show people in the nordic countries are way happier and rate themselves as more free. He used the example of people stuck in jobs they hate for the benefits. So much for freedom! He explained how we in the USA pay twice what other countries pay for healthcare and get worse results.

      It is so easy for conservatives to get owned when their BS is exposed to anyone who has critical thinking skills.

    • knightowl77

      Thats why we need Ron Paul….

    • Malcolm reynolds

      “Conservative Dominionist Christian Dictatorship ”

      LMAO! You made a funny.

      • Gay Veteran

        you don’t see any left-wing militias

        • ronl11

          Gay Vet

          You dont see any because the MSM only knows about right wing militias. Unfortunately Militia movements arent right or left, they are constitutionalists, and survivalists that come from all walks if life. That includes scum bucket Democrats. Yes there are Democrats in the Militia’s.

  • http://EconomicCollapse Already Gone

    with all these polls that go on in today’s world
    i have yet to see one that would ask people if they have what it takes to survive this upcoming collapse.as i have stated before this country has no civil defense program what so ever of course there will be theft civil unrest riots murders rape looting because people are
    “uneducated” as to what they need to do martial law nor these so rumored fema camps are the answer this will no doubt cause a more defiant
    and rebellious attitude as individuals start to
    question why they are in this situation and blame the government does anybody think that people are going care? waiting until the problem
    finally develops and than trying to head it off at the pass is ridiculous by then chaos will be in full stride and very diffucult to handle all
    I can say is that people would be more confident
    and have less fear if they knew there was a safety net in place. People need to be educated
    on how to handle this kind of crisis before it is to late.

  • http://www.2americanrevolution.com Tom Pierson

    It does seem that a financial collapse is now virtually inevitable. It seems so obvious that we cannot continue to live beyond our means forever…no family can do this and neither can a government. Its high time we wean ourselves off the government dole because its going to happen anyway. The sad part is, the government (and many voters) have been encouraging this government dependence which is going to make the future “cold turkey” loss of government benefits all that more painful. Checkout http://www.2americanrevolution.com for more thoughts.

  • Alasha

    It’s so weird . . . why is the stock market going up and gold down. mmmmm.

  • Alasha

    Hi Michael – You are doing a phenomenal job! A true Paul Revere. Just curious: Porter Stansberry, End of America guy, was on the Alex Jones show recently and he did not own the fact the catastrophic event he talked about in 2011 did not occur. Then he said he thought things may appear to improve for awhile – something about inflation. I am sooooo confused. The rule used to be Stocks down, Gold Up. Now, both will be down. Stocks up and Gold still down. Nothing makes any sense.

    Help us Lord

    Any thoughts? I respect your op!

    • Michael

      Alasha:

      Thank you for the very gracious words.

      Yes, a lot of people out there were preaching imminent economic collapse in 2011 when I was saying that it would play out over time.

      As for gold, get ready for WILD swings. The price of gold is likely to go up and down rapidly over the next few years.

      The entire financial system is going to become incredibly unstable, and no one “strategy” is going to be successful at all times.

      Michael

      • highspeedloafer

        What else can happen when The Fed has a bunch of Hedgefunders advising them. It is called manipulation.

      • Alasha

        Thx and Godspeed!

  • http://www.planorperish.com Gutter Economist

    The next catastrophe to strike will be one that most Americans have never thought about:

    Economic Collapse: 63%
    Natural Disaster: 46%
    Terrorist Attack: 44%
    Global Disease Outbreak: 33%
    Global War: 27%
    Nuclear Accident: 25%
    Global Warming: 22%
    Fuel Shortage: 15%
    Cyber War: 8%
    Famine: 8%
    Oil Spill: 6%
    Industrial Accident: 5%

    Martial Law and the End of Freedom: 0%

    From Lee Bellinger…

    The Biggest Danger – Slowly Being Boiled Like Frogs

    “Eternal vigilance is the price of liberty – power is ever stealing from the many to the few… The hand entrusted with power becomes… the necessary enemy of the people. Only by continual oversight can the democrat in office be prevented from hardening into a despot: only by unintermitted Agitation can a people be kept sufficiently awake to principle not to let liberty be smothered in material prosperity.” – Wendell Phillips

    Do not let gradualism slowly extinguish your rights and liberties, nor condition you and your family to grow accustomed to these assaults and accept them as “normal.”

  • Bin

    I agree with Gerald.

    Also I think communism is coming in hard. The idea is always start socialism slow, then add more programs then a little more until the country is dependent on the state.

    That is after the collapse. Constitution has been defecated on (figuratively speaking). NDAA bill. Read it or just youtube it.

    • Gary2

      More socialism would be the best thing for this country. Repeated Gallop Polls clearly show the Nordic countries beating the USA in just about every catagory. These are facts and can not be disputed.

      The Nordic countries are proving that socialism/capitalism mix works.

      The countries in Eurpoe that are failing are the ones that followed the USA in the fincialation deregulation BS. The ones doing good did not follow the USA policies.

      Sorry to the low info right wingers-your just plain wrong.

      Unrestrained capitalism is the problem. If you feel better calling more socialism capitalism with a heart thats fine with me. I knopw you get panic attacks whenever anyone says more socialism is needed even though the facts that it works in the Nordic countries are there for anyone to see and are not debatable.

      • ronl11

        Gary, if socialism is so great why does it fail every time. Europe is socialist and look at that mess. Greece is socialist and look at that mess. Russia was socialist and what happened to it.

        The principles are good, but with Socialism you eventually run out of other peoples money to support it.

  • Save the Republic

    All of the statistics we are hearing indicate that 2012 will probably be the worst year most of us have ever experienced to date. Don’t be fooled into downplaying the enormity of the situation. I would like to say “Happy New Year”, but for the first time, I totally expect there will be nothing happy about moving from 2011 into 2012. My perspective is that you should try to enjoy a New Year’s get-together, but it’s not to celebrate a new year, but to cherish some time together with those you are close to while saying goodbye to the way things were, before things get really bad. God’s speed to you through the misery of 2012, let’s hope we bottom out and can celebrate the coming of 2013.

  • shypuffadder

    If you know someone (50% of Americans?) that has become “accustomed” to living on a government dole, please bring these highly knowledgeable people forward. They possess some valuable secrets that 49% of Americans desperately need to know. Not only are 49% Not Accustomed to living on government dole, they actually hate it – hate it – and will be happy to drop it as soon as they can find an alternative. So, please, round up some of these 50% of Americans so they can inform others how they too can become accustomed. By “accustomed” you DO mean being able to feed, clothe and shelter their family while paying utility and other bills – without criminal activity – because these 49% people that hate being on the government dole are honest and hardworking people that have already been robbed during this economic collapse.

    • Gary2

      I hate needing food stamps but am grateful for them. I would much rather pay my own way by having a job that pays living wages. I used to be the one donating to charity and now am receiving it.

      You need to ignore the right wingers who bemoan 50% of Americans on the gov dole. It is simply a made up number that they heard on Rush or Fox and they simply repeat it. They do not have the ability to do critical thinking to realize how absurd what they say is and how deviod of facts they are.

      Studies have shown that people whio watch conservative fox news are more stupid than the general population. As if we needed a study for this.

      • ronl11

        Gary, I assume you voted for Obama because you felt it your duty to vote for a black man, or to show your owe the black race something for your great great ancestors.

        Next time vote for someone else to show you aren’t a complete idiot and display some of that critical thinking you harp on

        ….oh and buy a gun and lots of ammo you will need it to protect yourself and your family from people who believe the govt will save you.

  • jox

    It is a shame that americans blame the government deficit on thins such food stamps, child welfare and other programs for the poor people. This idea of helping the poor can even be called ‘moral collapse’ (even when they like to be considered a christian country, and they make continous references to God).

    But yoy rarely see other federal expenses mentioned, several orders of magnitude bigger than the social programs. For example tax breaks for the rich and for big corporations. And the biggest one, the imperial military power, with hundred of bases around the world, development of new weapons, invasion of countries, etc etc.

    • Gary2

      you are correct-programs for the poor are nothing compared to the tax cuts for the rich and corproations. It makes for better tv for Fox and AM hate mongers to bash poor people.

      Even our estimed moderator Michael regularly bashes programs for the poor with nary a mention of all the tax cuts for the rich expense and corporations not paying their share.

      Its like red meat to the foolish conservatives who vote for the morally bankrupt republicans who screw them financially all the while telling them they are anti gay and anti abortion all the while laughing at them for being the cannon fodder for the rich by voting against their own self intrest. I honestly think a bag of dirt is smarter than the average republican.

      • saragirl

        You could not be more wrong in your appraisal of things. It’s quite laughable, really.

        I am so sick and tired of you misinformed liberals spouting off about how rich people don’t pay their fair share. If you had a clue you’d realize that the top 400 richest people in the U.S. according to Forbes magazine have a combined wealth of $1.5 trillion dollars. Obama has run the debt up from $10.6 trillion to $15 trillion in just 3 years’ time on entitlement programs, mostly, and to basically pay off his crony union friends at the taxpayers’ expense. So, if you confiscated every dime of the rich people’s wealth it would not even make a decent dent in our fiscal problems. In a word, this nation does NOT have a taxing problem it has a spending problem, plain and simple. That is what is hamstringing this economy, not ‘evil rich people.’
        Think about it on a personal, microcosmic level. How free are you to buy the things you want and to grow your personal wealth when you are under a mountain of debt? Same goes for a nation.
        Get off your ridiculous rants. Get a clue. Try being informed rather than opinionated! Regurgitating CNN soundbites does NOT make you some brilliant observer of politics and economics.

      • ronl11

        A bag of dirt=Obama policies
        My potted plant would beat Obozo in the next election.

        Get ready /Gary, the Democrats will loose both houses and the WH in Nov. get ready, then when it happens you might prefer to live in say Norway, Finland, North Korea they are nice socialist places with lots of freebies and if you like to ski…hey you cant go wrong!

        The Euro might be in the tank, but hey..you have prepared right?

  • Catman

    I’m so sick and tired of these stupid articles. Why? Well, gee, if things are so bad in this country then WHY does my Polish neighbor go to work every day? Why do the illegal Mexicans work at all our fast-food restaurants?

    Instead od writing these articles about how things are going to get so bad for AMERICANS…maybe you should write about how the illegal Mexiacns and Polish (who can’t speak one wor of English) are destroying this country!

    Think about it, folks. If American jobs went to people who were born in this country instead of these ingrates from other countries then the unemployment level would be close to zero.

    My theory? Tell these illegals and Polish to go get a job in their own countries!

    They come over here and wave their country’s flags on our Memprial Day and us Americans don’t do anything about it.

    Go wave an American flag in Mexico and in Poland and see what happens to you.

    • Gary2

      send them all home and their anchor babies with them.

      • ronl11

        Bingo I agree with you for once!

    • Gordon

      “Go wave an American flag in Poland and see what happens to you.” Catman, you know nothing about Poland, obviously. Admiration for America is unsurpassed.

    • WM

      Great thoughts indeed. But, have you considered how many Americans would be able and willing to take the job that the illegal has? Most Americans would be unable to do that. A part of it is pride, they will not work such crappy jobs for so little money, many Americans feel they are above working very hard for little money. Second reason is, most Americans simply could not pay their bills on the wages that these immigrants are getting. Also, most immigrants I know, live VERY humble, wear used clothing, ride bicycles or drive very used cars, and live with other people in very small, cheap housing.

      Are you willing to give up your lifestyle to “compete” with these workers?

      They are taking jobs for sure….they are taking jobs that most Americans simply will not or cannot do. Shame on the companies for hiring an illegal, they are saving a lot of money by doing so. I can’t blame them to one extant, but they should be required to hire citizens and pay a living wage…..oh, thats right, it’s much too expensive to live the American dream today, Americans need a certain wage to do so, too expensive for company. Solution: hire cheap help or move to Asia.

    • blueskies

      The Polish guy next door and the Mexican probably have work because they keep their heads down and do their jobs. My co-workers socialize, text/play with their technology, and do as little as possible. I’d fire most of them if I was their employer.
      Who would you rather hire:
      A) the guy that keeps his nose to the grindstone, does what he’s told and expects a modest paycheck.
      B) the guy who checks in with the wife 5 times a day (not on his break time), fiddles with his iphone constantly, gets little actual work done, wants special concessions because he has kids, and expects full benefits and a large salary?
      I don’t like illegals coming here either, using services and taking jobs but the Polish and Mexican guy are humble, at least. Most American’s are just ridiculous.

  • http://www.liquidenergyoasis.com DaVid

    Big deal about the year-to-date returns on the mega banksters. What do you expect when one’s business model is a Ponzi scheme on one hand and public bailouts on the other? Americans should be glad that these financial cancers are crumbling.

  • Catman

    If you want to save our country then we need to do 2 things:

    1) Get rid of ALL illegals and fine the crap out of the companies that hire them.

    2) Any US company that as a manufacturing plant in another country will be taxed into oblivion.

    We Americans are FOOLS for letting these foreigners treat us the way they do. Go get a job in their country and if you do get one they will beat you and/or kill you.

    Donald Trump was right when he stated that other countries laugh at us. THEY DO!

    Start writing articles about solurions instead of stats…we all know how bad it is out there. What are we going to do about it?

    • Gary2

      agreed!

  • Hello Kitty Karmic Justice Baby

    Lovin’ It Baby!!! Bring It On!!!

    Tremble and Flee all the secular, pro abortion, pornophile, fornicating, adulterous, promiscuous, alcohol fueled arrogant Godless Fools!

    The Economic Collapse might bring them back to an awareness that God (Triune Yahweh Father Son Holy Ghost) is the Boss of ALL!!!

    Roll Tide Baby!!!

    • Gary2

      you forgot to take your meds today!

      • r.bitting

        Why do you say he forgot his meds, don’t you like Bama?

  • rg

    I wonder where “Encroaching Police State” and “Erosion of Individual Rights” rank on that list.

  • http://MoneyedPoliticians.net Jack E Lohman

    It is absolutely a waste of time to talk about economics and totally ignore the root cause of our nation’s downfall: a corrupt political system driven by greedy CEOs and the corrupt politicians that alter laws to feed the kitty.

    • Michael

      A reader identified as Damien submitted this comment….

      Thank you very much for your tireless investigative reporting. I have been much too lazy in the past regarding the real world around me until a friend alerted me and woke me up to various programs including coast-to- coast etc. Your efforts are greatly appreciated and admired. Please do not ever stop doing what you do so well.

  • karen

    Everyone of the above results you have mentioned are going to happen other than Industrial Accident. Because histroy ALWAYS repeats itself. always until mankind finally figures it out which they have not since eons ago, some have but most haven’t. If you look back through history no empire has ever lasted, an neither will this one, we ahve built are lives around material objects failing to see the higher wonders of life, like love,compassion the wonders of nature, and the awsomeness of God.

  • TucsonKK

    If all the Social programs are creating all yhis DEBT then why did the Defense Budget Bill, that just passed Congress, Why was it higher at $650 BILLION?
    Please do not include Social Security in your welfare list.
    Include all the Subsidies for oil,gas,GE and all the Corporations that pay NO TAXES.

    • Gary2

      Michael-people are waking up that its not social programs but corporate welfare and tax cuts for the rich that are the real problems.

      The programs for the poor, that the right is always trying to cut, are a pittance compared to all the corporate and rich people welfare.

      Tell me again how much did it cost to bail out the fat cats on wall street? And they got the all the money in 3 days-a long weekend? There is plenty of money-its just in the hands of the rich and corporations and not the poeple who really earned it.

      Michael-what are you gonna do when Obama wins and we move hard left and things actually get better? Will you admit how wrong your conservative ideas were?

    • knightowl77

      Its ALL the spending! Our deficit each year is 1.2 to 1.3 TRILLION dollars each and every year….If you Eliminated ALL defense spending (and I don’t we should) it would still leave us more than $600 BILLION short….
      Spending on programs and entitlements which are not authorized by the Constitution and therefore illegal must be eliminated….Defense is one of the constitutionally mandated things the Fed Gov’t has to do….but we could stop these wars, close about 2/3 of all of our overseas bases and still be safe. We could stop killing people in more than 6 countries…think of all the money we could save on hellfire missiles????

      All in all, we could eliminate a lot of the things the Feds do, that they are not authorized to do and actually balance the budget….If Gary’s state wanted to tax the rich and spread the wealth they could do that…until the rich moved to another state and their state went bankrupt like California…

      • gary2

        studies have shown that the rich do not move to low tax states when their state raises their taxes. Again that was another Rush bs line that the low info conservadolts believe.

        Google for yourself-I am right!

        • DownWithLibs

          Depending on Google for all of your info. is as foolish as depending only on CNN for your “news”. A sign of intelligence is to reap info. from many different mediums and then decide for yourself who is lying to you. That is what most of us conservatives have done. All we can do is pity ignorant fools like you who trumpet lies and propaganda from the left. I really have been pulling for you, but if you continue to mock Christians (and, yes, you are mocking God!), I fear you may never learn any truths. I tell you this because I care, however, it’s your life to live how you please.

          I hope you have a Happy New Year and a better 2012.

  • Erin

    “As you can see, “economic collapse” was the winner by a wide margin.”

    Too bad the list of items was pre-selected for the survey. It would have been interesting to know where ‘dysfunctional government’ ranks among the disasters people worry about. The current economic disaster is caused by a number of factors, but few are willing to engage in a root cause search – which inevitably leads in the direction of “failed government”.

  • REED RICHARDS

    Michael, Gerald Mucci,

    THINK THINGS ARE BAD NOW, THE GLOBALISTS ARE JUST GETTING STARTED:

    I don’t worry about an economic collapse. I welcome it and am counting on it. A world society this dumbed down, this degenerate, this utterly decadent, deserves to collapse.

  • Nick Nailer

    Honestly I could care less. These sorts of things happen from time to time on this here rock.

  • Tripseven

    An eminent global economic collapse…
    Wars and rumors of wars…
    A muslim birthrate of 8+ per couple…
    A non-muslim birthrate of < 2.0…

    I'm curious.
    Am I the only one who sees a coming world war, followed by a one world government complete with a one world currency?

    Si vis pacem, para bellum
    777

    • DownWithLibs

      It’s referred to as Biblical Prophesy, and yes, we see it.

  • William

    Economic collapse…….well, maybe. But, the first thing that American citizens should be concerned with is their own dementia. You see, the voters keep reelecting the very same IDIOTS in the US Congress. Thus, voting for an incumbent is a variation of the classic definition of insanity….that is, doing the same thing time after time and expecting a different result. YOU keep putting the SAME criminal trash back in the Congress, expecting things to change for the better, and they do NOT!!!

  • Rancher

    While I do not agree (personally) with the order of the list I will agree the financial is top. But… one of the lower positions can bring the financial to burst yet sooner. It is the unexpected which always gets us all.

    Sadly the unexpected is never factored in but it always a player. That is why mankind invented “insurance” It is for the unexpected.

    So what kind of insurance do you have to help cover this list above? Life insurance is a sugar coated term for death insurance. it is activated when…you die, not live. it very real terms long term food storage, means for endless clean water, the ability to survive well with no grid, safety in numbers is critical but only when those numbers are also well equipped like you are. The a good location to stay under all the hard times ahead. Your apartment or subdivision is a joke by the way. So is your RV in the woods.

    Do what is in your plan other than opinions of what will or could happen. Your opinions will not get the job done when you and your children are hungry and thirsty.

  • Cinderella Man

    Ya know, Im concerned about the economic viablilty of the nation, but I cant let it consume my every waking moment. Sure, things look downright terrible at this time. Europe is barely hanging in there, the US is drowning in debt, China is going to have it’s real estate bubble pop at any time and so much more. But what can we do about it? Nothing really.

  • Syrin

    This is my greatest worry, but it’s too late. We WILL collapse.

    Dave Ramsey put it this way comparing ti to a family.

    We earn $55,000 per year but spend $96,000 per year with $380,000 of credit card debt.

    Now if we cut our spending in HALF, and NO politician has even made a suggestion of cutting spending by more than 5%, then we’d have $7,000 per year to pay off the credit card debt. That wouldn’t even pay off the INTEREST !!!!!

    NO GARY, if we took every last dime from those evil rich you are so greedily jealous of, and so tyrannical in your approach to, it wouldn’t get us enough money. Not even close. 51% of the country pays NO federal income tax, and the solution has NEVER been to make the minority who DO pay taxes, who are the economic engine of the nation, pay even more.

    A family in this situation would be forced to declare bankruptcy because they could NEVER pay off the debt.

    Gary, your boy Obamugabe wants to raise the debt limit to $17,000,000,000,000. Yeah, our problem isn’t spending is it? We just somehow collected that massive debt from a means OTHER than spending, right? The intellectually immature, aka, the regressives, the liberals, have DECIMATED this nation with the never ending spending of borrowed money to buy votes. They’ve created a dependency class that will suffer the most when the spending vuts are FORCED upon them because, and this is crucial Gary, economic laws don’t get suspended for “hope and change”. Only a dumb ass occucrapper thinks along those lines.

    • Gary2

      Happy New Year-Everything you said is false. I do not have the time or energy to point out all the false statements you made so I will just wish you a happy new year!

    • Gary2

      comparing the governemnt budget to a family budget is absurd to the extreme.

      • Malcolm reynolds

        Ooh, enlighten us oh wise dictator.

  • http://gardenserf.wordpress.com GardenSERF

    The survey is an interesting read since it also covers public perceptions regarding pandemics.

  • sharonsj

    The government-dependent special interest groups you ought to worry about are the corporations. Corporate welfare is killing us. Instead of bitching about the poor not paying their “fair share,” how about bitching about ExxonMobil, which made billions in profit but paid not one penny of federal income tax?

    You are ignorant of the true facts. Social Security and unemployment insurance are paid into by employees and employers; it’s not a government handout. I still don’t see you complaining about the handouts to big agriculture, big oil, big gas, or the Fed bailing out the international banks with our money. The financial industry, which produced nothing of value but steals our money, is responsible for any economic collapse.

    • Gary2

      its easier to bash the poor and the intellectully lazy conservatives and fox news bs eat that up.

      Its a false message for stupid people. The conservatives represent the rich and corporations so they will never bash corporate welfare.

    • knightowl77

      Very few, pay even half into social security what they eventually draw out of it….when it was created back in the 1930′s life expectancy was 59 and you couldn’t collect until you were 65…Also, there were 16 workers paying in for everyone collecting….today life expectancy is longer and there are only about 2 people paying in for everyone that collects…It is a PONZI scheme and in its present state is UNsustainable.
      The same is true for unemployment insurance, which has been extended and extended to a point that it is paying out much more than it takes in. It was never meant to cover people for Years…
      The subsidies to big oil and big gas are tax deductions that they are allowed to take to explore and drill. Just like everyone else is allowed to deduct their expenses such as looking for work, or supplies needed to do your job…
      But we can agree that Big Ag or solar power companies do not need taxpayer money…Deductions for expenses like everyone else, but no taxpayer money….
      The government should not pick winners and losers. If you eliminate tax deductions for big oil then eliminate them for everyone else as well….

  • http://www.youtube.com/user/TheMainStreetProject?feature=watch ex VRWC

    Hey Mike, thanks for the blog. These sometimes feel like a series of blows, coming over and over again, until we just sink to the mat. Unfortunately, I know it is true.

    I wrote one song that was an attempt to offer a little bit of hope. In this case, hope is based on readjusting expectations and becoming more selfless. I am afraid that even this hope lies beyond a nightmare, though, but we have to hold on to it.

    This one also has a nice lead guitar solo in the middle to listen for!

  • Old Man

    That modern economies are based on credit/debt is a reality, not a problem in principle.

    When too much credit are issued, thus too much debt on counter-parties who cannot repay, we have the usual problems. When this happen to companies or individuals, bankruptcy laws are in place to take care of matters. Debtors go into some kind of receivership, while creditors take a haircut. This happens all the time.

    The trouble, big trouble comes when the above happens to sovereign nations. There is no international bankruptcy laws for states. The politicians who permit this to happen then take over the entire game. They can play the game anyway they wish, and the game is not to solve the problem according to any legal resolution principles.

    What do you call such a game? Elected politicians and their rich and powerful cronies created a financial crisis, then proceed to play games that will surely result in national suicide while protecting themselves?

    I call it the games of kings and queens. We haven’t evolved that much since the 1700′s.

  • Steve Delaloye

    I am about to start collecting Social Security benefits. I reject the notion that I will be on the government ‘dole’. I started paying Social Security taxes in 1967 and every employer I worked for contributed an equal amount into an account with my name on it.
    Gerald if you still insist that I am about to be on the government ‘dole’ then I insist that everything that I have payed and everything my employers have payed into the SS trust fund be returned to me in a lump sum and I will shut up!

    • Antonio Gonzalez

      You are right.

    • Tim

      I’m in my 30s, and I believe that I will never see the money that has been withheld from my wages in the form of Social Security taxes. I started working when I was 14, and I have paid a lot of money into Social Security.

      I’ve researched and inquired as to whether there is a way to opt out of Social Security, and to my knowlege the only way is to join the Amish. No, really. There is a provision in the Social Security Act Amendments of 1965 (which created Medicare and Medicaid) allowing members of recognized religious sects, including the Amish, to opt out.

      Though I’d like to eventually live in an agrarian community with like-minded Christians, I don’t currently do so. In the meantime, I shouldn’t be subjected to extortion by having to pay into a government program that is insolvent. I would like to see legislation that permits younger Americans to opt out of Social Security with the understanding that they’ll assume responsibility for providing for their own retirement. I am willing to do so. Just give me back the money that I’ve paid into the system.

    • knightowl77

      If you collect more than 12 years, you will be getting paid more than you and your employer ever contributed…..Again you were forced into this and had no choice, so we owe you the money, no question…..
      But when you started paying in, there were a lot more people contributing than were collecting so it kept working….Now there aren’t enough people paying in to cover those entitled to collect.
      It is a classic Ponzi scheme just like Bernie Madoff except this one is legal…..
      BTW there is no account with your deposits in them…every contribution you and your employer made was spent the year it came in covering other retirees or to make up for budget shortfalls elsewhere….
      The only reason the Gov’t can do this, is because they can print all the worthless money they want….

      • Gay Veteran

        The problem is NOT Social Security.

        The mains problems are the bloated Pentagon budget and Medicare (which has been going up about 9% per year since Reagan, that is UNsustainable).

    • Malcolm reynolds

      “into an account with my name on it.”

      Uhh, sorry homie, you’ve been lied to… It’s really too bad you actually believe that but there ain’t no such critter and you will indeed be on the dole with some 3+ younger Americans supporting you through our taxes.

    • highspeedloafer

      I agree with you, and personally believe you’d be better off taking a lump sum payment and buying a horde of gold, food water guns and ammo.

      Good Luck on your retirement.

    • mondobeyondo

      Lucky you! At least you’ll have Social Security benefits to collect….

    • mark

      You are wrong. The law requires the money collected fron the social security tax to go into the general fund. This is just a flat tax. Congress decides the rules and amounts to give you as social security. They make the rules with all the different welfare programs. There is really no difference between income tax, capital gains tax, sales tax, property tax ,social security tax, fuel tax and all the other taxes and fees the government collects. Some of them go into one fund or another, but in the end they just keep on growing government. If you still do not understand about social security tax laws, read the Supreme Court case of Helvring vs Davis from May of 1937.

  • Rhynn

    The days of Americans turning in their kids and washing their hands came two years ago already. There were stories in ’08-’09 of centers in Nebraska taking in several kids a day from parents who could no longer afford to provide for them or could no longer deal with them and the other pressures of day to day life. Made the news and everything. It will just increase from here.

  • Chris

    Cheer up USA you are not the first country to be effectively made slaves by the Canaanite Masonic Bankers and their fractional reserve global central banking scam. Look at the UK and Europe.

    Didn’t one of your own presidents say words to the effect of ‘ if the American people ever allow private bankers to control the issue of money/credit first by inflation then by deflation the population will end up homeless and surrounded by the banks and corporations on the land their own fathers conquered’ ? Well it’s happened but some of you still have your houses…..for now.

    • mondobeyondo

      Thomas Jefferson said the quote you mentioned. We could use a guy like him now. Ross Perot tried to warn us 20 years ago. Today, Ron Paul is the closest we’ve got.

  • http://shelter101.com Dave Shelter

    There is a lot of fuel for the the economic collapse bon fire, it’s coming folks.

  • Ken

    Missing from the list but highly probable: false flag terrorist attack.

  • J

    It’s called “Barackalypse.” If it hasn’t already, it’s coming to a town near your soon!

  • newton

    A great article – some great observations and some really stupid comments. I agree Sharonsj – if one pays into it; it’s hardly a gov’t handout

    And people are just so friggin’ stupid – I mean ‘cmon now – if you don’t like Exxon Mobile
    DO NOT BUY THEIR PRODUCTS !!! Ya know people – it’s a big world out there; there are alternatives available – instead of being a bunch of freakin’ crybabies; do something about what you don’t like.

    Did you know their are millions of cars and trucks that run on Natural gas ? Do you know they still make high quality bicycles and that they are very good for you to operate?

    People in the cities will also be much more affected with what is coming our way. People that are rural in large part already know how to make things, live frugaly and in alot of ways are preppers and don’t even know it. There is a hellova lot of difference between someone living in manhattan with a six figure salary and paying 5 grand a month rent and someone in Iowa with 300 acres of fertile soil making 40 grand a year.

    It goes back to making things people – not only don’t our own factories produce anything; having been long ago shipped to China – but our
    people don’t know how to fend for themselves anymore. They rent – don’t even have to change a lightbulb; let alone know how to plumb, roof, wire, drywall, clean a chimmney etc etc. – drop the car off at 50 bucks an hour labor – having never even thought about rotaing a tire; changing oil or crawling underneath with a grease gun. Stop off at the super duper grocery store – having no clue when or where or how to plant a few seeds that cost pennies

    That’s where we’re really at –

    The women are off chasing the new dream of feminisim and watching american idol

    And the men are busy having 75.00 haircuts and watching charlie sheen

    What a year twenty twelve is gonna be ~

  • Old Uncle Dave

    My number one worry is the USA’s descent into a totalitarian police state, but that wasn’t an option on the survey.

  • FK

    2012 suppose to be the end of the world, looks like we are moving that way – may be just the end of fiat curr

    1.I worked my butt off and sacrifice a lot over 10 years to build a good net worth. I diversified my investments -stocks, IRA, real estates, restaurant. All that hard work did not matter, the greed of Wall Street, banks, and politicians wiped me out.

    2. Banks and creditors are asking people to try to earn more so one can continue to pay for the crisis they created, pay for a house that’s now worth 1/2 of its value, pay till the day you die. You call that incentive for people to get a job?

    3. Government asked you to save and put money in a retirement account while they spend to no end. By the time you retire, your $1 will only be worth 10 cent.

    4. We are earning much less today while food and everything are going up. Cereal box is getting smaller and price higher every day.

  • Steve Delaloye

    Malcolm you need to get your facts straight. You are not paying my benefits. I have already funded my SS benefits along with my employers contributions through withholding taxes amounting to 12.4% of my income for 45 years.
    Obviously you have not taken inflation into account. Inflation has averaged 3% per year for the last 50 years. Dollars I contributed 45 years ago were worth considerably more than they are today.
    Whether the funds have already been ‘doled’ out is irrelevant. A pact was made and I expect to collect.

  • Steve Delaloye

    “Honk if I’m paying yor mortgage”

  • http://TheEconomicCollapse Dave in OK

    It seems we are seeing in Greece now what within a year will be happening to the American people. Is there a good news source that covers day to day events in Greece, in English of course. Not just crash and burn trendy news, but what the average Greek is experiencing trying to survive.

  • Chuck

    A lot of intelligent well-informed opinions here. However, I am struck no one is talking about the root cause of the problem: jews and the way they are operating in our country.
    There’s a reason they’ve been kicked out of 109 different countries throughout history. They are organized and have monopolized everything, especially the media.
    Tripseven is right, this is all being engineered and going towards one world govt.

    • BW

      May God have mercy on you.

    • 53% er

      Here in Los Angeles there was a German Illegal Invader whose mother was to be deported
      So the POS set fire to 60 cars over a 4 night period causing $4 million in damage and hurting allot of people
      Unfortunatly I am not king because I would have taken him and his rotten scum mother, strung them both up and set them on fire!
      Would jews have done this much damage and destruction?
      I think not!

  • charles

    this is in response to chuck, you are an idiot;the jews had nothing to do with the situation we have.the problem we are seeing is directly due to governments trying to “fix” problems they themselves have created through regulations,and fictional problems such as global warming.if they were to step aside and let our economic engine run we would not be in the situation we are in now.as someone said not too long ago government is not the solution to our problem,government is the problem

  • mamat

    root causes:1-workers unions are too powerful, drive up prices 2:corporation concerns more of making profit to shareholders, send jobs overseas 3:too much regulations, society, people are put in straitjackets 4:media is making hype about free market, for whom? 5:normal american are detached from decision making and running the country 6:economic survives on military industrial complex 7:impersonal social support system, collapsing of family unit – suicide increases.

    • canadian entertainment

      you got it.

      special interest lobby groups for corporations and organizations.

      too much discussion.
      too many laws
      too little action.
      too much fear mongering
      back to the 1800 philosphy shut in the society and protect the people.

      Watching the American economy collapse is interesting, everybody runing around saying “but we’re America, we’re the greatest” surprise so was Rome, so was G.B.

      I used to travel to the states when all that was needed was a drivers license… no more.

      History repeats itself yet again.

  • Chuck

    Okay, charles.
    It must be that the Mexicans run the media, and the blacks run the Federal Reserve. Could be that the Polacks have a culture of deception against gentiles/goyim.
    On the other hand, it could be that until the real problem is recognized, no solution will present itself.
    If you don’t understand judaism and how they are operating, your opinion on anything political or economic is nearly worthless.

  • Mad Max

    I know with all the bad news it’s hard to believe anything out there can change our situation.

    How else can I say this? “We Are Free!”
    http://WeAreFree.osixs.org

  • Bruce Johnson

    All of this discussion is meaningless. It has been said that God looks out for fools, drunkards, and the USA. Given our propensity to elect those who promise the most while demanding only “they” pay for it, we rather deserve another swim in the sewer. Where is Alaric the Visigoth when you need him? We have had warning after warning but heed them not. The so-called Tytler cycle (H.W. Prentis should be credited) in 60 years America has passed through the 5th through 8th phases. I suggest the sooner we admit of the bondage phase, the sooner we can work our way toward the abundance phase.

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  • David

    Tax the rich. Problem solved.

  • David

    A deficit consists of two parts, income and spending.

    As the deficit increases, corporations have stockpiled nearly $1.9 trillion in cash, a record, according to new government figures.

    Tax the rich, tax corporations for hoarding the economy, and add a surcharge on financial transactions.

    Problem solved.

    • Sonya

      I agree with you David; the banks that created this mess should be the ones suffering; not us….Why are they able to get away with what they did? I read an article yesterday and it stated that 20 years of savings have completely been wiped in for families in America and now, middle-class Americans are applying for food stamps. I can attest to both….I have lost my 401k, pensions, etc that I’ve saved for the last 20 years. Completely gone. I complete on an average of 10-15 applications per week but because there’s so many others applying, I’m yet to get a call back. My back is completely against the wall. Living in a shelter is what I am facing next.

  • dee

    Yes tax the rich 20% and everyone else except the poor who live below the poverty line then reduce govt to the bare essentials meaning get rid of the stacks of books with all the idiotic regulations let govt do what they are suppose to do govern laws to protect the people and allow the entrepreneurs to re-build america strong again by getting rid of all the lobbyists and unions. oh almost forgot get rid of the federal reserve and institute the gold standard back. A govt meaning the politicians should never run a deficit budget make it law or go to jail and then lets see if the politicians would run a deficit budget!

  • Jerry Parker

    Perhaps a lucky start (for the rest of the population) would be for a wave of suicides to occur among denizens of both houses of the U.S. Congress and of the Pentagon—.

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  • Dennis

    Yes, this will happen. A national Sunday law will hit America. The Devil will declare himself to be Jesus Christ.

    The mark of the beast will be enforced upon the whole world. The beast is the Catholic church. Her mark of authority is Sunday. Eventually there will be a death decree against all those who keep God’s biblical sabbath. All in the bible just read it. Great Controversy too and Walter Veith on youtube

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cheaper to burn dollars than paper

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