The Beginning Of The End Ad
Gold Buying Guide: Golden Eagle Coins

Recent Posts

The Preppers Blueprint Economic Collapse Blog Get Prepared Now Ad

Enter your email to subscribe to The Economic Collapse Blog:

Delivered by FeedBurner

The Tim Tebow Comeback Story Continues But There Will Be No Miracle Comebacks For The U.S. Economy

Share on FacebookTweet about this on TwitterPin on PinterestShare on Google+Share on LinkedInShare on StumbleUponEmail this to someone

Never in the history of the NFL has there ever been anything like this.  Today, Tim Tebow engineered yet another miraculous 4th quarter comeback.  Almost everyone has been expecting this unprecedented string of comebacks to come to an end, yet Tebow just keeps pulling off miracle after miracle.  It seems like nearly every week now we are talking about another unbelievable Tim Tebow comeback.  It is truly a great story, and what is wonderful about Tebow is that he is not out to glorify himself.  He is very humble, he always recognizes his teammates and he is a terrific role model for a generation of American youth that is in desperate need of one.  Unfortunately, there is not going to be a similar comeback story for the U.S. economy.  It is late in the 4th quarter, we have accumulated over 50 trillion dollars of total debt as a nation, and our economic guts are being ripped out at a rate that is almost impossible to believe.  The game is essentially over and we are headed for an incredible amount of economic pain as a nation.

We desperately need a “political Tim Tebow” to come along to dismantle our current debt-based economic system.  But instead, the corrupt politicians in Washington D.C. just keep patching up our current system and hope that somehow it will recover.

Unfortunately, this is about as good as things are going to get for the U.S. economy.  The federal government and the Federal Reserve are already pushing things to the “red line”, and all of that effort has not accomplished much.

We have been experiencing “economic stagnation” for much of the past year, and there is not much more that they can do to improve things under our current system.

Right now, the Federal Reserve has pushed interest rates as low as they can go.  They can’t go any lower.

Right now, the federal government is borrowing and spending unprecedented amounts of money.  Federal spending cannot go much higher.

Right now, we have already seen tax cut after tax cut and virtually none of them have been paid for.  Any additional tax cuts will just send our budget deficits even higher.

Right now, we have already seen unprecedented intervention by the Federal Reserve.  They have done just about everything short of dropping huge bags of money over the countryside from helicopters.

The federal government and the Federal Reserve have done just about everything that they can possibly do to “stimulate” the economy, and yet things just keep getting worse.

So what is going to happen when the federal government and the Federal Reserve quit stimulating the economy?

As I wrote about the other day, when evaluating the future of the U.S. economy, it is vitally important to look at the balance sheet numbers and the long-term trends.

When you do that, you suddenly do not feel so good about the upward “blips” that we have seen in the economy lately.

Yes, the “official” unemployment rate recently went down slightly.  But as Mac Slavo recently pointed out, even with the recent “improvement” the truth is that the “real” level of unemployment in the United States is still well over 20 percent.

And all of the long-term trends indicate that we heading for a massive amount of trouble.

The number of good jobs continues to decline.  Even though our population is rapidly increasing, there are 10 percent fewer middle income jobs in the U.S. today than there were a decade ago.

In recent years, the employment to population ratio has been steadily declining.  At the start of the recession it was at 62.7%.  Today, it is at 58.5%.

Household incomes continue to go down as well.  Since December 2007, median household income in the United States has declined by a total of 6.8% once you account for inflation.

So why is this happening?  Well, as I wrote about recently, the United States has the worst balance of trade in the entire world by far.

Wealth, jobs and economic infrastructure are pouring out of this country and very few politicians are trying to stop it.

An average of 23 manufacturing facilities were shut down every single day in the United States last year.

That represents a huge amount of lost jobs.

So do you hear any political candidates talking about how they are going to stop this from happening or about how they are going to get all of those lost jobs back?

Overall, the U.S. has lost a total of more than 56,000 manufacturing facilities since 2001.

So how can an economy be great when it is constantly bleeding huge amounts of economic infrastructure?

We have become way too dependent on other nations for the things that we need.

How much trouble would we be in if Saudi Arabia suddenly decided to quit shipping us oil or if China suddenly decided to quit shipping us cheap plastic products to sell in our stores?

Right now, businesses are absolutely racing to get out of the United States.  Big corporations are shipping as many jobs as they possibly can out of the country.  Our insane economic policies have turned American workers into tremendous liabilities.

One economist from Princeton University is warning that 40 million more U.S. jobs could be sent offshore over the next two decades if nothing is done to stop this.

So why aren’t more politicians screaming and yelling about this?

Without good jobs, Americans are falling out of the middle class in staggering numbers.

Since 2007, the number of children living in poverty in the state of California has increased by 30 percent.

So is that a sign that things are getting better or that things are getting worse?

A higher percentage of Americans is living in extreme poverty than has ever been measured before.  Not only that, 2.6 million more Americans fell into poverty last year.  That was also a new all-time record.

So are those signs that things are getting better or that things are getting worse?

The American people generally do not understand why these things are happening, but they are clearly getting frustrated.

A recent Gallup poll found that an all-time record 76 percent of all Americans believe that most members of Congress do not deserve to be reelected.

But when election time rolls around, they will probably send most of them back to Washington D.C. anyway.

Our politicians keep kicking the can down the road, but time for doing that is running out.  The unprecedented “stimulus” efforts by the federal government will be coming to an end sooner or later.

In a recent article, author Bruce Krasting listed a whole bunch of reasons why the economic can is not going to be able to be kicked down the road much farther.  The following are some of the things that he says are scheduled to end by the beginning of 2013….

A) The Bush tax cuts on those making more than $200k will expire.

B) The Bush tax cuts on those making less than $200k will also expire.

C) The Patch on AMT will expire.

D) The 2% payroll tax holiday will expire for all workers on 12/31/12 (I’m sure the current holiday will be rolled for another year)

E) The 99-week extended unemployment benefits die on 12/31. (The emergency benefits will also be extended for 2012)

F) There will have to be a budget that is approved. Alternatively, a series of continuing resolutions is required to avert a government shutdown. We have not had an approved budget in over 900 days.

G) 2013 is the first year that there will be mandatory caps on discretionary spending. These limits will result in a YoY decline in government spending.

H) The Federal Reserve has promised to keep interest rates at zero into 2013. While it is possible that the Fed could continue the madness for even longer, the reality is that interest rates have nowhere to go but up.

I) By January 2013 it will be painfully evident that the country’s key social programs, Social Security and Medicare will be running in the red at a pace that is far higher than anyone considered possible. The need for dramatic changes in these programs will have to come onto the table. The implications of this will be significant.

J) In 2013 the issues of Fannie, Freddie, FHA and the Federal Home Loan Banks must be addressed. The problems at the housing agencies has festered too long.

K) The country will face another debt ceiling extension. The last time cost us our AAA.

Sadly, we will probably not have to wait until 2013 to feel a whole lot of economic pain.

The reality is that a 15 trillion dollar debt and trillion dollar yearly budget deficits are not sustainable.  We have created a situation where a horrible crash is inevitable, and there is no way that our current debt-based system can be fixed to keep a nightmarish collapse from happening.

During the Obama administration, the U.S. government has accumulated more debt than it did from the time that George Washington took office to the time that Bill Clinton took office.  That is a recipe for national financial suicide.

Meanwhile, despite what you may have heard, the European debt crisis has not been fixed.

Not at all.

The truth is that none of the fundamental problems were fixed by this recent “agreement” as Ambrose Evans-Pritchard recently noted in one of his columns….

There is no shared debt issuance, no fiscal transfers, no move to an EU Treasury, no banking licence for the ESM rescue fund, and no change in the mandate of the European Central Bank.

In short, there is no breakthrough of any kind that will convince Asian investors that this monetary union has viable governance or even a future.

Germany has kept the focus exclusively on fiscal deficits even though everybody must understand by now that this crisis was not caused by fiscal deficits (except in the case of Greece). Spain and Ireland were in surplus, and Italy had a primary surplus.

For many more reasons why Europe is headed for big trouble, please read this article: “22 Reasons Why We Could See An Economic Collapse In Europe In 2012“.

When Europe goes down, it is going to have a devastating impact on the United States.

Meanwhile, the economies of China and Japan are also steamrolling toward recession.

There is simply way too much debt in the world, and a great day of reckoning is coming.

Combined, the industrialized nations of the world borrowed more than 10 trillion dollars this year, and that number is expected to soar even higher next year.

Jim Cramer of CNBC stated recently that the global economy is at “DEFCON 3, two stages from a financial collapse so huge it’s hard to get your mind around.”

Most Americans don’t understand this yet.  But hopefully we can get more of them educated while there is still time.

The global financial system is a big shell game.  It is a gigantic mountain of debt, leverage and risk.

You would have thought that we would have learned some key lessons from the financial crisis of 2008, but we didn’t.

Back in 2002, the top 10 U.S. banks controlled 55 percent of all U.S. banking assets.  Right now, the top 10 U.S. banks control 77 percent of all U.S. banking assets.

Today, the “too big to fail” banks are larger than ever.  The total assets of the six largest U.S. banks increased by 39 percent between September 30, 2006 and September 30, 2011.

So instead of doing something about the “too big to fail” banks, they are now more “too big to fail” than ever.

As big banks and big corporations have come to dominate our economy more than ever before, wealth and power have also become much more concentrated….

*The wealthiest 1 percent of all Americans now own more than a third of all the wealth in the United States.

*The poorest 50 percent of all Americans collectively own just 2.5% of all the wealth in the United States.

*The six heirs of Wal-Mart founder Sam Walton have a net worth that is roughly equal to the bottom 30 percent of all Americans combined.

*Overall, the wealthiest one percent of all Americans have a greater net worth than the bottom 90 percent combined.

It would be wonderful if we could send a “Tim Tebow of politics” to Washington D.C., but instead the Democrats and the Republicans look like they just plan to give us more of the same.

Are the Republicans really going to nominate someone who co-sponsored 418 bills with Nancy Pelosi?  The truth is that the latest “anti-Romney candidate” is almost a clone of Mitt Romney.

Newt Gingrich is essentially an older, ruder version of Barack Obama.  If you are counting on him to “save America” then you are going to be incredibly disappointed.

Sadly, we just do not have nearly enough men like Tim Tebow in America today.  The following comes from a recent profile of Tebow that recently appeared in the Wall Street Journal….

While at Florida, Mr. Tebow became well known for spending his summers helping the poor and needy in the Philippines. He also spoke in prisons and appeared to accept every opportunity to volunteer. He encouraged his teammates and classmates to follow his lead.

You can see video of Tim Tebow speaking to a group of prisoners at the Lake City Correctional Facility while he was still attending the University of Florida right here.

Unfortunately, there is no “Tim Tebow comeback” on the horizon for the U.S. economy at this point.

But when the U.S. economy does get worse, we can take a cue from Tim Tebow and be very generous with those in need.  There are going to be a lot of people that will be really hurting, and those of us that have been blessed should do what we can to help them out.

A lot of people say that my site is all about “doom and gloom”, but telling the truth to the American people is never a bad thing.

We do not do ourselves any favors by sticking our heads in the sand and pretending that everything is going to be okay.

There is going to be no miracle comeback for the U.S. economy.

A horrific economic collapse is coming.

You better get ready.

  • r.bitting

    A horriffic collapse is indeed coming, and nothing will stop it. The endgame for a godless nation, as written for all to see beforehand in the pages of the bible ( deuteronomy ch.28 ). If you think things are bad now, you are in for a rude awakening in the very near future people. Almighty God is not mocked, as we have sown, we are about to reap. America is surely about to fall, thats not some anti- american sentiment, it’s just calling it for what it is. The nation forsook God, wanting no more to do with him, and now he’s forsaking the nation. The chaos and misery you will see in the next couple of years will be more than most will be able to bear. But God will use this time of great darkness to bring many people to the end of themselves, that they may turn back to God, and through Christ, be saved. This will prove to be a great opportunity for believers to show others the way of salvation. But theres another side to this unfortunately, during this time, many who professed to be Christians, who thought that God was only there to grant them their every wish, when the trouble comes, they will forsake God. Pray for perseverence, and pray for the perseverence of all the saints…. God bless you all.

    • Hendrik Mills

      R. Bitting, you are so right that we as a nation have turned our backs on God. Today my family ate in a local restaurant with this sign on the entrance: “Prayer may be banned in schools, but prayer is welcome in this establishment.” We should be making Christ visibly welcome in our homes, businesses, private schools…everywhere we have a presence or an influence. And the mission of Christians (I am a traditional Catholic) will be difficult, but possible with Grace: to show justice and mercy, not panicked selfishness, in the coming maelstrom of economic collapse.

      • DeusVult

        I too am a traditional Catholic (Latin Mass only), and I agree that America has gone so far off the deep-end that the only way for us to even begin to see the light of day again is to return to the land, be productive and take up our cross (embracing suffering). To many people aren’t willing to suffer even the slightest for other people, we have become so selfish and so fixated on our new gadgets, pornography, and celebrity lifestyle that we have forgotten that sweet sting of love in our hearts when we act in ways which please God. Seperation of Church and state doesn’t exactly help either, it leaves to much room for evil cults and false religions to spread their errors and demonic ways into the minds of all Americans. If we keep legalizing blatantly evil acts, abortion, gay-marriage, etc. then you can rest assured God will not allow such disorder to continue, and it never had in the history of mankind, all evil nations were destroyed by their own evil.

      • Gay Veteran

        there will be prayer in school as long as there are algebra tests

        oh, you meant state-sponsored prayer! yeah, that’s gone and good riddance

    • NMCB3

      The “Nation” does not exist. Its just a group of individuals living in a common geographical area. God surely knows this, Why punish everyone collectively for the sins of a few?

  • “We desperately need a “political Tim Tebow” to come along to dismantle our current debt-based economic system. ”

    Actually, if you asked Tim he would tell you that what we ‘desperately need’ is deeply rooted, unwavering Faith in Jesus, & a return of all Americans to being on their knees thanking God for what we still have, asking, no, begging God to forgiver the sins of this country, & pleading for Mercy & redemption for the whole world.

    “in God’s hands at this point; not a voting booth.” S.Cooper

    • Tripseven

      Well said.

  • NWO Alert

    The Miracle Comeback for the U.S. Economy

    The bringing in of the New System he said probably would occur on a weekend in the winter. Everything would shut down on Friday evening and Monday morning when everybody wakened there would be an announcement that the New System was in place.

    • Mal R.

      You may wanna check yourself. Websense filter lists it as “racism and hate”.

    • DeathSpiral

      Here’s a Pastor which claims links to the NWO. He’s made some incredible predictions for 2012 based on these contacts:

  • Pitchfork Ready

    Not as ready as I would like to be but more ready than others. I’m a Charger’s fan but I admire Tebow alot. He seems like he’s a great kid with a good head on his shoulders.

    • expatriot

      I believe God does miracles. Not sure he cares about football but with all the shit talked about tebow being a christian God stepped in yesterday during the fourth quarter once again. Tebow was 3 for 15 passing the first three quarters and in the fourth there was a stretch of 11 of 12 completions. I pray every morning and night for my higher powers will to be done in my life. Maybe Tebow has the same prayer.

  • joe

    if the USA and every country in Europe were to balance their budgets tomorrow, the national debts still could not be paid. There are only three outcomes: Significant inflation, hyper inflation or economic collapse. As much as I try to convince myself that I am wrong, I just can’t see any other outcome as possible.

  • Golden Child

    I wish that the coming economic collapse could be another exaggerated semi-fictional media-created fear frenzy like Y2K, the Avian Bird Flu, Africanized killer bees of the Swine Flu. The truth is that the average American citizen doesn’t know much about, well, anything. We are very ignorant of the world around us. Most of us don’t know how our magical cellphones and computers work or even what we are really eating when we go grub at McDonald’s. Many of us live in the bubble of our own very socially restricted lives. The economic depression we live in today in America does not affect everyone. There are hundreds of thousands of people who are doing well. Many of these people don’t even know anyone who is unemployed on a personal level.

    All in all, we believe what we are told and we believe what we read. But herein lies the problem. Statistics are spun and skewed to say anything in the media. For example, one article may claim unemployment is steadily declining using skewed statistics while another may claim unemployment is rising using a different set of stats. Who is right here? Are we truly headed toward economic armageddon or is this just another temporary recession? The proof of the pudding is that people in America are pissed off right now. But why now? Things must be really get worse by the day to make thousands of mostly law-abiding American citizens want to protest across the country. Huge crowds and crowds of people in America have taken to the streets in the Occupy protests because of all of the corruption in our government and the favoring of the wealthy few.

    Despite all of this, America has weathered recessions and spurts of civil unrest many times in the past few decades, alone. The real proof is when the sh*t hits the fan, or doesn’t. This entire economic downturn hit pretty unexpectedly so it is both entirely possible and probable that the economy will collapse any day now.

  • Tapper P.

    How about giving the Jesus nonsense a rest. There are plenty of Jesus/Mythology nutty forums on the web. You can share stories of a man riding a horsey through the sky over on one of those.

    THIS is a forum for rational people to obtain the latest news on the failing economy.

    • Kathy Smith

      It’s not nonsense

      • Antonio Gonzalez

        Tapper P. you are rigth.

    • DownWithLibs

      I think that we are all adult enough to share facts/opinions with out someone telling us what we can and can’t do. After all, you are aloud to state your ill-informed opinion with the expectation that you won’t be censored.

    • Me No Likey

      Thank you. all the talk about getting on the god train is a bit much for me, too..think I’ll go commit a sin just to get a little balance…

  • “tax cut after tax cut and virtually none of them have been paid for?” STOP THIS NOW! Argue the wisdom of the tax cuts, if you will, but please stop implying that allowing taxpayers to keep more of THEIR money needs to be “paid for.” That phrase seems to say that government is GIVING money to people by giving them back what it took from them in the first place. It’s their money!

    • If you want to keep more of YOUR money, you should reduce the size of YOUR government (spending cuts).

      Replacing taxes with debt is not responsible or wise behavior.

  • Bill

    God helps those who help themselves. Our problems are numerous and complex. What we need is a new coach (President) and a new TEAM of Tebows (Congress), winners that will play for the people by the people, not the elite owners. Like I have said previously “TIME TO FLUSH THE BELTWAY TOILET”.

    We have the power to elect a new team. Do we have the courage?

    • i’vegivenup

      It won’t happen. Power…greed…and a corrupt government will keep it from happening. Prepare for the worst…

  • Charlie

    Tebow is an annoying jackass and a cry-baby.

    • Highspeed

      Typical Raiders fan response. Hahahaha!!!

    • Otown Right Guy

      That’s funny, he looks like a winner to me.

      • Charlie

        I’ll wait for the obligatory downfall involving women, drugs, arrest, perhaps another man, whatever, and then the scripted press conference complete with tears and references to god. Let me know when it gets here. I love to see that boy cry!

  • We are entering the next Dark Age. Our systems are failing, our economy has no way forward, civilization is crumbling around us even as we rush to get that last minute gift.

    Now is the time to start preparing for the collapse, to get our houses in order, and also to make sure we have something to carry forward to subsequent generations.

    Visit the Leibowitz Society at for discussion about the coming Dark Age, as well as saving our valuable knowledge for the future.

  • It is frustrating to see our brothers and sisters in faith still asleep.

    As followers of Christ, we don’t have the luxury of picking and choosing what commands to follow, and what commands to ignore. We are responsible for all of them, and 90% of all the Christians that I know are ignoring this passage:

    Matthew 24:

    42 Watch therefore: for ye know not what hour your Lord doth come.

    43 But know this, that if the goodman of the house had known in what watch the thief would come, he would have watched, and would not have suffered his house to be broken up.

    44 Therefore be ye also ready: for in such an hour as ye think not the Son of man cometh.

    You have a house to defend. Go, defend it. And no, I don’t mean that you should take up arms against some foe. (True Christianity is pacifistic.) No, I mean for you to take action to preserve what God has entrusted to your care.

    More than that, you need to take action to preserve your ability to continue your God-given duty – whatever that is. You cannot feed the poor, if you’ve prepared no food to feed even yourself. You cannot help the helpless if you are helpless yourself. You cannot be an example of Christ in this dark world if you are dead.

    And, all of that is coming. It could come as early as next year. It could – by some miracle – take as long as ten years. But. It. Is. Coming.

    And no, you are NOT going to be ‘raptured’ before what’s coming destroys both you and your family. Even if I agreed with that quaint 180 year old notion that Christians won’t experience the Great Tribulation, I would still tell you that destruction is in your future. What’s rolling down on us is NOT the Great Tribulation. No, THAT comes later.

    Israel Outlook

    • Harry

      Israel, America’s #1 ENEMY

  • The Fed Audit

    The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses during the worst economic crisis since the Great Depression.

    Michael, I am surprised you never mentioned the fed audit back in July in your articles.
    How many people know about this?????

    $16 trillion dollars printed and handed out to world banks? Can you imagine the governments want us lowly middle class and the poor to accept austerity, destroying the middle class and the Fed has printed this amount of money?
    How insane is this?
    Am I the only one who is seeing this insanity?

  • Maria

    Saturday, I was at the bank withdrawing some cash….more than I could get from an ATM. The teller asks me why I need so much cash….obviously not approving of my withdrawing. Like I was doing something wrong!

    I went to the local big box store and purchased a few cases of food supplies. Nothing major. I had a basket….not a cart. People were commenting about the items in my basket. A case of tuna. A case of peanut butter. A case of laundry detergent. Other people were buying expensive gizmos and gadgets. By the reaction of the checkers, I could tell not many people buy more than a week’s supply of anything food related. But nobody questions the thousands of dollars spent on stuff with blinking lights and buttons on it.

    I hear the same comments and questions every month. The mindset of most Americans has nothing to do with preparing for an economic collapse. Absolutely nothing.

    • Michael


      It is true – banks are getting a little touchy about large cash withdrawls.


      • Gary2

        I do not need to worry about that one. I have almost no cash to withdraw.

    • J Stevens

      Keep your withdrawals below $5000 and make it an uneven number. I pulled more than that once and WOW the tellers were in a tizzy. Just write on the check (in the FOR section) something expensive, like truck, trailer, horse, plumber, etc. As for food, I never shop at the same place twice for big purchases. Tell them it’s for your summer house if the cashier gets nosey. NEVER get going on a rant.

  • Most all of my rural neighbors discount the economy going further south. They just plant more food and gripe about taxes and non-whites.

    Our local gun dealer is making money hand over fist with sales. The unemployed- the long term semi skilled workers who have absolutely no chance of work lay idle and wasted – turning to meth and alcohol.

    Day by day the malls in the larger city are closing and stand vacant. On line stores are no longer.

    Violence is returning as the stressor of employment deminishes – another random shooting near by.

    This is the common folk still driving 10 plus year autos, shoping in thrift stores and applyimng for food stamps. Their information source is agitation from FOX and CBS/NBC and also NPR.

    My young entitled part time workers from highschool will soon learn the realities of the labor market. As their meal ticket parents with maxed out credit can not afford to buy them cars and X-Boxes.

    Inner cities are crumbeling and at the pits of dispair where english is no longer; writing skills decrease as texting language becomes a norm. You can only sell so many burgers if no one has money to buy them.

    Minorites are fearing for their lives; and mom and pop businesses from the majority of armed citizens.

    The beat goes on but government lacks the ability to change anything. In fact no matter who is in the government, very little can be done, or will be done. The “New World Order” has failed. What will emerge will be in a decade or two, worse. To prepare for this with 300 million alone in this country becomes unfathonable and many will perish indeed.

    We the common man must umnderstand that those in political and military power are ahead of the curve in understanding and being advised what is coming. It is all a matter of stalling for time while new models of theory are bantered about.

    A case in pount is Europe and the Centralized Bank with the giant ponzi scheme of giving all to one manager system. The peasant always pays.

    ZSpcial qwelfare p[rograms and monies will continue as that is the opnly real system holding us together: Cash Flow.

    Old Timer –

    • Michael

      Good comment. Things certainly are not looking good.


  • Toomanyfakeconservatives

    Even if you removed all the financial-political corruption and tyranny detailed above, the U.S. economy would still be facing collapse due to peak oil production. Our current financial system demands endless expansion and endless profit, yet oil production is maxed out at 85M bbl/day and will only decrease from here on out.

    Just skip to 2:23:43 of Zeitgeist: Moving Forward and you’ll understand why collapse is inevitable…

  • robert

    I think there will be a collapse, shortly followed by a limited nuclear war.the winner of this exchange will put in whatever monetary system they want. Think about it, two birds with one stone. debt that we cannot pay. and thin the herd out ala wwII.

    • i’vegivenup

      Limited nuclear war? No. It will be full scale with nothing left to save or live for…

  • Jo

    People fail to realize that, when a society becomes more efficient through technology of all kinds, you will always need a smaller workforce. That is the basic formula of efficiency, doing more with less. So human capital and capital is reduced to produce more. Coupled in with increase population, devaluing of the monetary unit, S*%T is only going to Hit the FAN within the next two decades

    Think of money as OLD OUTDATED software, we need to change it. Lower taxes and so on is just patch work.

    This system is more wasteful and is in its inevitable decline due to the intrinsic flaws

    • 007

      Hogwash. They have yet to create a computer that has the intellect and motor skills or creativity or imagination of a human being. How much would any of us trade for the use of our arms, legs or our brains. There is no amout of money we would trade. Unemployment is only here because of government regulation, laws and tax. I would hire 20 tomorrow if it were not so.

    • Toomanyfakeconservatives

      Indeed, The concept of money is dangerously outdated. I think you meant to say when *manufacturing* becomes more efficient through technology, society will need a smaller workforce.

  • rockclimber

    As always Michael, fantastic job. I send all of your articles to my Facebook page and to many political forums so thanks. Most people are speechless but many are slowly waking up.

    Michael I think you could be a bit of a Tebow and on that note can I pose a question? I have been following you for about the last 3-months and I know you have answers, but have you wrote an editorial with your proposed solutions? If so can you post a link and if not, are you willing to post them? I would imagine you could ‘Tebow’ this economy if given a chance. 😉

    Thanks and God bless,

    Scott in Colorado

    • Michael


      Thank you for the kind words. The people that post these articles on Facebook are a huge, huge help. I wish I could personally thank everyone that sends these articles out using Facebook, Twitter, other social media outlets or Twitter. It takes just a few seconds to do it, but it helps this site out immensely.

      I do write about solutions sometimes. For example, one of the first things I would do would be to shut down the Federal Reserve and start issuing United States money that is not based on government debt. For much more on the need for debt-free currency and the need to shut down the Federal Reserve, please see this article….


      • Harry

        Ron Paul 2012

  • The Republicans need a “Tim Tebow” to inspire voters. Ron Paul could be it for his views/stance on the issues but just not inspiring enough.

    On Tebow, remember, the defense has been pretty darn good over this span. Also, Prater DID kick a 59 yd field goal (and a 51 ydr). It’s not like Tebow drove them down to the 5.

    By Failing To Prepare, You Are Preparing To Fail.

  • The Mayans were right. The “free, democratic” West will collapse, and its unelected oligarchs will start a nuclear war to avoid losing power–how many Wall Street bankers do you think wouldn’t use nukes to stay in power (or make a profit)? I suggest re-reading the New Testament (especially Matthew 24, which seems eerily relevant to current events)–you might need it sooner than you think!

  • mondobeyondo

    Here’s my scouting report:

    Well, there are several “quarterbacks” we can draft, er, vote for next year.

    The best one would probably be Ron Paul. He knows the plays that “the powers that be” are drawing up. And he knows the game. Team America might have a chance with Paul as QB. But too many “fans” (that’s We The People) think he’s a crackpot and nut case. In next year’s Republican convention, he’ll most likely be a third round draft pick, which is really sad.

    Obama as our nation’s QB has proven to be a disappointment. Every pass he throws gets intercepted by Republicans, and he gets sacked often. His running game is decent, he proved that in the last election with huge Internet support from young people. But those people have largely abandoned him. This guy won’t get a contract extension in 2012.

    Salamander, um, Newt Gingrich, perhaps? Well, maybe. But he doesn’t seem to know the game. When you are President, it’s not the time for on the job training. You need to be ready to get in the game and make big plays. That’s kind of the position Obama is in. Big, big leap from being a community organizer, to leader of the free world.

    Herman Cain is on the disabled injury list, and is out for the season.

    Rick Perry seems to be suffering from turf toe, and could be out for a long time.

    Oh, for the days of Brett Favre, Kurt Warner and Joe Montana….

    • Gary2

      Oh, for the days of Brett Favre–yeah the guy who sexted his genitals to people. He would fit right in in DC

      • r.bitting

        Or OWS.

  • mondobeyondo

    One possible explanation for people splurging on cheap plastic Chinese crap:

    There’s no incentive to save.

    Why bother putting money in bonds or a savings account, when it’s gaining almost no interest? Might as well spend it while you have it, right?

    Interest rates WILL eventually have to go up though. And when that happens, there will be economic doom for the middle class… or what’s left of it.

  • chris

    “You better get ready.”

    I keep reading this. How exactly is a married guy with a family, firmly in the middle class, with a bit of savings, no debt but a mortgage, supposed to get ready?

    I don’t have money to buy citizenship or a passport in another country. I can’t just go live in a new country. I don’t have that kind of money. I’m far from retirement.

    I’ve done all the things the empire said to do, save in a 401(k), IRA, and now the SHTF blogs say the government is going to take them away. They say to buy gold and silver, which I have, but then the government confiscates it. I get my handgun training and permit and collect bullets and guns. Is that getting ready or just makes me a target? We have transferred our spare bedroom upstairs into a food and supply storage locker. Great. I’m good for 6 months or more if we really stretch things.

    Get ready… Are we now 1930’s Germany? Unless we move to Uraguay or Panama are we all screwed? Will I be detained in FEMA camps in a few years for owning a gun and a few bars of gold and stacks of silver? Should I disrupt my family, freak them out, and completely uproot them into a culture that I have no idea about and unsure that they would even accept us?

    It’s insane.

    • Michael


      There are things that almost everyone can do to slowly get ready.

      -Store up food little by little.

      -Try to get out of debt.

      -Become more self-sufficient.


    • DownWithLibs

      The reason it seems insane is because no one really knows what will happen. All we have is prior precedent to be our compass in these days. My approach to this (possible) coming trouble: Accept the fact that I have no clue what will happen and in that regard, make sure I am right with God (He sees far more than I do!). Then I examine my life and figure out, as Michael said, little by little what I can do to help me and my family’s position when the SHTF. We all need food and water – and don’t forget to rotate them on a regular basis. What meds do you and your family need? You can slowly stock up on over the counter meds like aspirin and neosporin – each time you shop, toss in one or two items. If you need prescription meds, talk to your doctor about getting ahead on your presrcip. I keep hearing about a shortage of pharmaceuticals, so this would be your excuse. What else do you need? Have you ever been camping in a tent or small trailer? You have to take EVERYTHING with you that you need. Think along those terms for preparing. Disposable dishes, bleach (for disinfecting when water/soap are in short supply), alternative heat/light, battery powered/wind-up radio…the list goes on and on. Try not to think of all of what you want to do all at once, because, yes, you will freak out.




    You must be joking! Invoking the good name of Tim Tebow on the blog of “Doom and Gloom”? How could you be so shameless? Of course being Mr. Sunshine, Touchdown Tim would say pray a lot and eat your vitamins. But alas, to no avail.

    The economic collapse is coming. Personally I am counting on it. And like McFadden and Whitehead used to say: “Aint no stopping us now”, we’re on the move! (MEANING THE COLLAPSE)

    You talk of educating the public. We are long past that option. Why? Because Ralph Nader, Cynthia McKinney, Kevin Zeese, Nomi Prins, Naomi Wolf, Naomi Klein, Lew Rockwell, Ron Paul, Scott Horton of, and many others have been doing this for years and years upon end to no avail. People will not hear any message which is contrary to their preconceived notions, hence, reelection of a Congress with an 8 percent approval rating. Anyone stupid enough to vote for the current batch of thieves, killers, and gun runners running this government (From Obama on down) is getting exactly what he/she deserves……….Occupy movement (shills for Obama) included……..

  • Sam

    Humble? Did not Christ himself chastise those who would pray publicly on street corners, drawing attention to themselves? Instead, did he not say to pray privately to the Father in the privacy of one’s own room? Or is that yet another teaching Christians choose to ignore because it does not serve their purposes?

    • Clan Wolf

      Oh? I guess by using your logic, not Jesus’s, the NT must be blank because Jesus never prayed out loud. Never preached to masses of people.

      He sat in a house and made sure no one heard.


    • Highspeed

      In the prayer you refrence, I think the pharisee was boasting of all of his good deeds. I see Tebow more like a Daniel in the lions den. Forgive me if I am confused, but, didn’t Daniel pray too? I am sure he did.

      I’ve followed Tebow for several years now and he always seeks to give God the glory. I would like to see even more of that in this day and age.



      When christians profess to helping the poor, sheltering the homeless, and then cheer for death sentences and wars, well, you pretty much know all you need to know about so-called christian wannabes…………..

      • Harry

        You’re right, let’s get the moneychangers!

  • Cinderella Man JD

    As a long suffering Broncos fan, this is a delight for me. I had given up on hope for Denver this year and this young Christian comes like a soldier and restores faith not only in Broncos land but the entire country is watching this team. They are the true Cinderella Men. This nation needs a champion right now. We are in alot of trouble, and theres not much hope on the horizion. I know its just a game, But God is showing us that with faith he will make the impossible, possible. No struggle is too great and no challange cant be met. Im sorry for being such an asshole for the past few weeks I just get tired of all this shit. I need to take a cue from T2 and start acting mor christian towards my fellow man.

    • wcnitram

      Some of you people need to grow up. Has there ever been another quarterback who seemed to have a knack for forth quarter comebacks that didn’t give all the credit to an illusion? You also need to realize that everything comes from within, god or no god. Tebow is a good athlete with inner strength that he has learned to tap into. Nothing more. I wonder if he is smart enough to be preparing for our difficult future or if he thinks his god will provide for that also?



        I agree with you. Being the NFL’s latest
        “golden boy” de jour, he will be untouchable from any economic crisis. Lest of course, he be caught with some crystal meth or a couple of prostitutes……(LOL)

        Can you imagine the level of depression that Michael and other “true believers” on this site would fall into were that to happen to their newest “religious icon”…………

        • r.bitting

          Reed Richards, Sounds like you hope that he fails. Is that so that you can feel bettr about you? As for true believers on this site falling into depression over another icon failing, Please, in the first place he won’t fail as you portray it, in the second place if he did it still would’nt make christianity any less true.

          • REED RICHARDS


            If Tim Tebow is the kind of amerikan that cheers illegal and unnecessary wars along with death sentences all the while professing to be a “christian”, then you are 100 percent right, I want him to fail in that case. And not to feel better about myself, I already feel good about myself for many reasons. Not the least of which is I am one of the few people who saw Obama and McCain as massive frauds and nutjobs. As for christianity being “true” well, that is only for true believers of which I am NOT ONE OF YOU. We’ll see were Tiny Tim ends up five or ten years from now………


      Cinderella man JD,


      The words “christian” and “soldier” in the same sentence? Until you separate the christian faith from the warrior ethos, you will oontinue down the road in which you are currently traveling. The road to complete annihilation………….

      • Harry

        Ain’t a one of you on this blog that’s crossed to the other side, so to say that faith is false is downright ignorant.

        • xander cross

          Prove it.

  • karen

    Gerald Celenta has a awesome vedio on economic martial law, he says shortly after the new year something is going to happen and there will be bank holidays, the fed is checking united states wide all food comp. who are selling large quanities of food supplies to people, if you have over 7 days supply of food you are on the traitor list of Obama, they can arrest you for hoarding, you have seen the show hoarders well it is against the law to hoard, mayo clinic classifies hoarding as mental illness. Gleen Beck was visited by some top people who told him something is going to happen and 15 days after the happening, what ever it maybe, all heck is going to break loose. Do a lot of canning they can’t get you for doing something natural, grow a large garden they know most folks are not going to waste there time canning they will do it the easy way and buy food, you leave a trail, get ready for some REAL rough times soon too.

    • Highspeed

      That story that came from “Oathkeepers” has been pulled off of their website. They can not verify it as true. The LDS church in question denies that any federal agents have sought any information from them concerning lists of customers. Who knows, maybe they were threatened or maybe the story just isn’t true after all.

      Having said that, I still think its a good idea to keep prepping.

  • William

    You get the government you vote for. Either STOP complaining, or vote all incumbents OUT of office.

  • Gary2

    *The wealthiest 1 percent of all Americans now own more than a third of all the wealth in the United States.

    *The poorest 50 percent of all Americans collectively own just 2.5% of all the wealth in the United States.

    *The six heirs of Wal-Mart founder Sam Walton have a net worth that is roughly equal to the bottom 30 percent of all Americans combined.

    *Overall, the wealthiest one percent of all Americans have a greater net worth than the bottom 90 percent combined.

    And yet there are still right wing dolts who want to further cut taxes on the rich.

    We need to tax the rich HARD in order to quickly reverse the trends Michael points out above.

    • Tripseven

      You need to more closely define your terms. “Tax” isn’t tax in your usage. It’s theft. Just taking the wealth from the wealthy isn’t taxing, it is stealing.

      I’ve read your argument that the “wealthy have stolen the wealth of this country”. I disagree. They have created products and services that were traded for money faster than they spent what they earned. they saved and invested and are now wealthy.

      The only group I advocate taking from in the manor you suggest is our politicians. They have passed laws they are exempt from, they have bilked the american taxpayer out of billions in the name of serving the country.

      On what basis would you take their wealth? just because they have it? What happens when you have more than your neighbor, and they take it just because you have it?


      • Gary2

        oh yeah those wall street crooks really worked hard. Please!

  • Gary2

    A lot of people are raising a stink about Mitt Romney making $10,000 schoolyard bets while running for president in a nation where the child poverty rate is 19.8%.

    We are so going to crush republicans in 2012. Hopefully for a generation. A second new deal in 2012 as it will be the year of taxing the rich.

    Romney is the best the right can do? Do they want to loose?

    I spent the better part of the day yesterday holding recall walker signs. In this very conservative area (I do not know how I stand living here) We had people buying us refreshments at Culver’s (hamburger joint) and we got a ton of signatures. Remember, it’s worth repeating, this is a VERY conservative area (Waukesha County).

    Yes some people cussed us out. I don’t care as I have broad shoulders and my side is taking action while the other side is really doing nothing.

    I had a good talk the other day with one of the state reps who told the republicans during the special jobs session, where they discussed everything but jobs, that there were no jobs in her uterus.

    Oh yeah the right is going down hopefully for ever.

    • Harry

      The Right?? The Left???
      There is just one beast.

  • Kathy Smith

    I pray that enough American people are paying attention to this mess, so they will not send those crooked b****** ‘s back to Congress. Micheal I am grateful for your daily reminder. Somebody has to wake America up. Keep up the good work.

    • r.bitting

      I believe Tebow knows his God will provide. Question is do you?

    • r.bitting

      Sorry Kathy, that last reponse was’nt meant for you. BTW, you are a light to many, keep speaking up! God bless you…

  • Bill

    It appears from comments I read from week to week that a large percentage of readers would agree that things are not good and we need real change. The variety of comments also tell me that agreement on how to get real change is the difficult part and is therefore probably not possible. Think about this for a minute and then consider that perhaps this is why the 1% stay in control.

    Now, PLEASE, how many readers agree with my earlier statement: “IT IS TIME TO FLUSH THE BELTWAY TOILET”,and start a new team with a new coach ???

    If we do not find consensus we will be stuck for four more years and the end for sure.

    • nowwthen

      You are 100% correct Bill. Flush the toilet, drain the swamp, hit the reset button, throw the bums out, clean house or however you prefer to phrase it. I refuse to vote for any incumbent senator, representative or president until we begin to see some cooperative bilateral, bicameral and executive branch effort in trying to rescue this country from what will surely befall us if we continue along this path. Let them all know that we voters are more concerned with action and economic recovery than their party’s and their personal successes. Our loyalties lie with the USA not the 535 PAC and lobby funded perpetual candidates sitting on their hands in Washington watching as the greatest country in history crumbles.

      If our representatives were, in this economy, stupid enough to allow themselves to be conned or intimidated into signing Grover Norquist’s pledge (to never raise taxes in any form) they don’t deserve to be reelected anyway. If they’re dumb enough to believe that adding 30 million Americans to government financed healthcare will reduce spending they don’t belong there either. But we all know there are many who have taken these stands for the sake of party loyalty despite personal objections. This cognitive disonance has caused even further division between the two parties.

      We couldn’t do any worse if we voted out every incumbent up for reelection in 2012. Third party candidates usually wind up taking away votes from the lesser of the other two evils so even a last minute Ross Perot won’t help. The party we should support for now is the ABI “Anyone But the Incumbent” party.

  • “I know I‘m a Muslim and he’s a Christian, but I admire somebody who thanks God for everything that he gave him.” Khaled Hamideh, chairman of the board, Colorado Muslim Society

    via Signs&Wonders

  • The Republican Comeback Miracle

    Two thirds of American industry is owned by foreign corporations / investors.

    All republican presidential candidates are promising lower taxes for the above corporations / investors so America can compete with the rest of the world.

    • Highspeed

      Gutter Economist,
      I think the above statement is 100% on target.

      These are tax cuts for foreign corporations.

  • Mojo Man


    What should someone 50-ish do with their money if they have a decent job, no debt, and have all their money in the stock/bond markets? I’m prepared with respect to food, water, etc.

    Thanks very much. I enjoy reading all of your well-thought out and well-written posts – keep up the great work.

    • Michael

      Mojo Man:

      I don’t give out specific financial advice. But one thing I would say is to figure out how you would survive if your job was suddenly gone.

      We all need to become as financially independent of the “system” as we can.


  • Hope

    The only presidential candidate who is willing to do what is necessary to fix the economy is Ron Paul. He will actually put an end to the Federal Reserve and he will kill unnecessary government departments, he will cut spending and everything else that we need.

    He truly is our last hope, this is the time and he is the only candidate to make a change, if he doesn’t make it to the white house, we are eternally screwed.

  • Rancher

    I read a lot about religion in these comments. I thought the application of and continued use of the FIAT money system single or double tiered failed in Christian God fearing countries and or non Christian God fearing countries the same. If not then history should have success stories of previous Christian counties getting away with massive Fiat money applications.

    I believe it will fail in this country because it has to. It is the destiny of the board game we got involved in. God has given us a free will. We willfully elect these leaders and now we say it has to do with us and our relationship with God?

    God is not going to create gold and silver to pay off our debt even if we all went back to church and got saved. He is bound to stick by the Spiritual principles he has created. Try …sow and reap… for openers.

    God will let us as a nation reap in the coming future. Thus I admonish each man/woman get right with their relationship with their God and then get their lives in order and corrected as to wrongful sowing if any, which had been done. Build your storehouse reserves as Biblical history shows has been done and expect the worst.

    All will suffer, many will perish. Some will survive. It is really in your hands today what will happen to you. Isn’t personal accountability taught throughout the Bible? This site has given much advise and warning. My question is…just what have you done to get your life and house in order.

  • Canada pulled out of the kyoto protocal today
    saying it is not going to solve climate control
    in reality all it was is another failed policy
    they will soon be followed by japan and russia
    and by doing so will allow these countries to create jobs and growth plus this policy did not include the u.s or china two of the biggest pollution emitters in the world.let us look at this from a different angle by sending jobs to other countries this not only creates tremendous
    wealth for corporations but helps lay the base for there global economy free trade markets plus
    by sending jobs out and shutting business
    down there is a smaller use of energy less coal
    less oil less pollution the problem with a proactive government is they never respond until it is to late we are now at that point anybody counting on miracles well good luck. in order to achieve this somebody has to be sacrificed so america you are the expendable
    ones again we are responsible for this and this is one problem we will never be able to walk away from economic collapse or pollution or corrupt greed to crooked politicans we all had a part in creating this living hell and the heat is on.

  • David Gurney

    We once had a QB running for President-the late Jack Kemp.

  • skip

    there is a tim tebow willing to lead us to victory! His name is Congressman Ron Paul.
    He has been fighting for us for 30 years!
    The only man that has the guts and values
    to lead this great nation where it belongs.
    Freedom is in the future if we will let this great man take the lead. Look him up and please listen to what he says from his heart.
    Dr. Paul 2012

  • DM

    The Bible says, “The love of money is the root of all evil.” (1 Timothy 6:10) God is saying that when people do things based upon the love of money, they become evil. God says our economic policies driven by the love of money are evil.

    We have evil politicians. We have evil companies. We have evil executives. We have evil families. We have an evil government. We have an evil Federal Reserve. GE is an evil company. Apple is an evil company. The executives at these companies are evil. Nancy Pelosi is an evil politician. Ben Bernanke is an evil person. The Federal Reserve is an evil organization. And so on.

    We do not normally think of these individuals and organizations as evil. However, God calls them evil.

    God also says that evil will be destroyed. Time and time again, God has wiped evil people and organizations off the face of the earth. Some examples, are Ahab, Jezebel, Manasseh, Saul, the Amorites, the Perizites, the Hivites, the Jebusites, Girgashites, and so on. In fact, the Heavenly Father has a 100% track record for destroying evil people and evil organizations.

    God MUST destroy evil because His righteous and ethical nature demands it. God must destroy the Federal Reserve. God must destroy corporations that plunder people and our government. God must destroy politicians who permit plundering when they have been given authority by God to stop these things.

    God is being patient waiting for the these leaders to repent. If they do not repent, they will be removed and replaced with leaders, Tebows, who will do the right thing.

    God’s prophets have been issuing the decrees for the last several years. The only way to stop these economic judgments is repentance. Repentance on the part politicians, business leaders, media, and wealthy families.

    God is not initiating our problems. God is merely reacting the decisions made my our leaders. The pain the people are suffering is a direct result of the economic decisions made by our leaders in government, business, media, and wealthy families.

  • Chris

    Buy gold and silver on line. Enroll for free. Enjoy a nice affiliate marketing system that goes with it. Enroll others for free and earn commission on their purchases. Call Chris at ************* for details.

  • We need to unite in order to get our country on back on track. we all have a common enemy and it is our own government and the Federal Reserve.

  • Great headline! We could really use a “leader” like Tebow in government right now.

  • Regarding “doom and gloom” and people who don’t want to hear about it–I find this blog enormously uplifting. You have to know the truth about what is going on before you can formulate solutions. I see this blog as an amazing compilation of facts and figures, and as a starting knowledge base for rebuilding. It also validates my experience, and makes me know that I’m not alone.

    Those who are screaming for a democrat/republican solution in the White House are two steps behind in their understanding of what is going on and what can get our country out of this catastrophe.

    I have one simple solution for citizen action: DO NOT BUY IMPORTED “GOODS” this holiday season or in the future. Just. Don’t. Do. IT. It’s YOUR job, your country, and your LIFE that this will contribute to. BE RESPONSIBLE to your extended family of Americans.

  • Robert

    The difference is that Tim Tebow is a Christ-follower. Enough said…

  • Easily the most ridiculous thing I’ve ever heard. I’m pretty sure it can be in MVP talks if they appear only in the fourth quarter every week and somebody comes out with a win. i can inform you all to access thanx.

  • Do you think ETNs will be banned too? Thank you.

Finca Bayano

Panama Relocation Tours



Facebook Twitter More...