The U.S. economy is dying and most American voters have no idea why it is happening. Unfortunately, the mainstream media and most of our politicians are not telling the truth about the collapse of the economy. This generation was handed the keys to the greatest economic machine that the world has ever seen, and we have completely wrecked it. Decades of incredibly foolish decisions have left us drowning in an ocean of corruption, greed and bad debt. Thousands of businesses and millions of jobs have left the country and poverty is exploding from coast to coast. We are literally becoming a joke to the rest of the world. It is absolutely imperative that we educate America about what is happening. Until the American people truly understand the problems that we are facing, they will not be willing to implement the solutions that are necessary.
The following are the top 100 statistics about the collapse of the economy that every American voter should know....
#100 A staggering 48.5% of all Americans live in a household that receives some form of government benefits. Back in 1983, that number was below 30 percent.
#99 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.
#98 Since Barack Obama was sworn in, the share of the national debt per household has increased by $35,835.
#97 The U.S. national debt has been increasing by an average of more than 4 billion dollars per day since the beginning of the Obama administration.
#96 It is being projected that the U.S. national debt will hit 344% of GDP by the year 2050 if we continue on our current course.
#95 The Congressional Budget Office is projecting that U.S. government debt held by the public will reach a staggering 716 percent of GDP by the year 2080.
#94 In 2010, the U.S. government paid $413 billion in interest on the national debt. That is projected to at least double over the next decade.
#93 According to one new survey, one out of every three Americans would not be able to make a mortgage or rent payment next month if they suddenly lost their current job.
#92 State and local government debt has reached an all-time high of 22 percent of U.S. GDP.
#91 In 1980, government transfer payments accounted for just 11.7% of all income. Today, government transfer payments account for 18.4% of all income.
#90 U.S. households are now receiving more income from the U.S. government than they are paying to the government in taxes.
#89 According to a new study conducted by the BlackRock Investment Institute, the ratio of household debt to personal income in the United States is now 154 percent.
#88 If you can believe it, one out of every seven Americans has at least 10 credit cards.
#87 According to the Bureau of Economic Analysis, health care costs accounted for just 9.5% of all personal consumption back in 1980. Today they account for approximately 16.3%.
#86 The cost of a health insurance policy for the average American family rose by a whopping 9 percent last year, and according to a report put out by the Kaiser Family Foundation and the Health Research and Educational Trust, the average family health insurance policy now costs over $15,000 a year.
#85 One study found that approximately 41 percent of working age Americans either have medical bill problems or are currently paying off medical debt.
#84 An all-time record 49.9 million Americans do not have any health insurance at all at this point, and the percentage of Americans covered by employer-based health plans has fallen for 11 years in a row.
#83 According to a report published in The American Journal of Medicine, medical bills are a major factor in more than 60 percent of the personal bankruptcies in the United States. Of those bankruptcies that were caused by medical bills, approximately 75 percent of them involved individuals that actually did have health insurance.
#82 Average yearly tuition at U.S. private universities is now up to $27,293.
#81 The cost of college tuition in the United States has gone up by over 900 percent since 1978.
#80 In America today, approximately two-thirds of all college students graduate with student loans.
#79 In 2010, the average college graduate had accumulated approximately $25,000 in student loan debt by graduation day.
#78 The total amount of student loan debt in the United States now exceeds the total amount of credit card debt in the United States.
#77 One-third of all college graduates end up taking jobs that don't even require college degrees.
#76 In the United States today, there are more than 100,000 janitors that have college degrees.
#75 In the United States today, 317,000 waiters and waitresses have college degrees.
#74 In the United States today, approximately 365,000 cashiers have college degrees.
#73 It is being projected that for the first time ever, the OPEC nations are going to bring in over a trillion dollars from exporting oil this year. Their biggest customer is the United States.
#72 U.S. oil companies will bring in about $200 billion in pre-tax profits this year. They will also receive about $4.4 billion in specialized tax breaks from the U.S. government.
#71 The United States has had a negative trade balance every single year since 1976, and since that time the United States has run a total trade deficit of more than 7.5 trillion dollars with the rest of the world.
#70 The United States has lost an average of 50,000 manufacturing jobs per month since China joined the World Trade Organization in 2001.
#69 The U.S. trade deficit with China is now 27 times larger than it was back in 1990.
#68 Today, the United States spends more than 4 dollars on goods and services from China for every one dollar that China spends on goods and services from the United States.
#67 China has surpassed the United States and is now the largest PC market in the entire world.
#66 In 2002, the United States had a trade deficit in "advanced technology products" of $16 billion with the rest of the world. In 2010, that number skyrocketed to $82 billion.
#65 In 2010, the number one U.S. export to China was "scrap and trash".
#64 Do you remember when the United States was the dominant manufacturer of automobiles and trucks on the globe? Well, in 2010 the U.S. ran a trade deficit in automobiles, trucks and parts of $110 billion.
#63 The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.
#62 If you can believe it, more than 42,000 manufacturing facilities in the United States have been closed down since 2001.
#61 Between December 2000 and December 2010, 38 percent of the manufacturing jobs in Ohio were lost, 42 percent of the manufacturing jobs in North Carolina were lost and 48 percent of the manufacturing jobs in Michigan were lost.
#60 Back in 1970, 25 percent of all jobs in the United States were manufacturing jobs. Today, only 9 percent of the jobs in the United States are manufacturing jobs.
#59 According to Professor Alan Blinder of Princeton University, 40 million more U.S. jobs could be sent offshore over the next two decades.
#58 If you gathered together all of the workers that are "officially" unemployed in the United States today, they would constitute the 68th largest country in the world.
#57 There are fewer payroll jobs in the United States right now than there were back in 2000 even though we have added 30 million extra people to the population since then.
#56 Back in 1969, 95 percent of all men between the ages of 25 and 54 had a job. In July, only 81.2 percent of men in that age group had a job.
#55 Only 55.3% of all Americans between the ages of 18 and 29 were employed last year. That was the lowest level that we have seen since World War II.
#54 Today, there are 5.9 million Americans between the ages of 25 and 34 that are living with their parents.
#53 The economic downturn has been particularly tough on men. According to Census data, men are twice as likely to live with their parents as women are.
#52 According to one recent survey, only 14 percent of all Americans that are 28 or 29 years old are optimistic about their financial futures.
#51 Incredibly, less than 30 percent of all U.S. teens had a job this summer.
#50 According to one study, between 1969 and 2009 the median wages earned by American men between the ages of 30 and 50 dropped by 27 percent after you account for inflation.
#49 Since the year 2000, we have lost approximately 10% of our middle class jobs. In the year 2000 there were about 72 million middle class jobs in the United States but today there are only about 65 million middle class jobs.
#48 In 1980, 52 percent of all jobs in the United States were middle income jobs. Today, only 42 percent of all jobs are middle income jobs.
#47 Back in 1980, less than 30% of all jobs in the United States were low income jobs. Today, more than 40% of all jobs in the United States are low income jobs.
#46 According to Paul Osterman, a professor of economics at MIT, approximately 20 percent of all employed Americans are making $10.65 an hour or less.
#45 Half of all American workers now earn $505 or less per week.
#44 Since December 2007, median household income in the United States has declined by a total of 6.8% once you account for inflation.
#43 New home sales in the United States are now down 80% from the peak in July 2005.
#42 The all-time record for fewest number of new homes sold in the United States was broken in 2009. Then it was broken again in 2010. It is on pace to be broken once again in 2011.
#41 At one point this year, U.S. home prices had fallen a whopping 33% from where they were at during the peak of the housing bubble.
#40 U.S. home values have fallen approximately 6 trillion dollars since the housing crisis first began.
#39 According to the U.S. Census Bureau, 18 percent of all homes in the state of Florida are sitting vacant. That figure is 63 percent larger than it was just ten years ago.
#38 Historically, the percentage of residential mortgages in foreclosure in the United States has tended to hover between 1 and 1.5 percent. Today, it is up around 4.5 percent.
#37 According to the Mortgage Bankers Association, at least 8 million Americans are currently at least one month behind on their mortgage payments.
#36 According to a Harris Interactive survey taken near the end of last year, 77 percent of all Americans are now living paycheck to paycheck. In 2007, the same survey found that only 43 percent of Americans were living paycheck to paycheck.
#35 Starting on January 1st, 2011 the Baby Boomers began to hit retirement age. From now on, every single day more than 10,000 Baby Boomers will reach the age of 65. That is going to keep happening every single day for the next 19 years.
#34 According to a new poll by Americans for Secure Retirement, 88 percent of all Americans are worried about "maintaining a comfortable standard of living in retirement". Last year, that figure was at 73 percent.
#33 One out of every six elderly Americans now lives below the federal poverty line.
#32 In 1950, each retiree's Social Security benefit was paid for by 16 U.S. workers. According to new data from the U.S. Bureau of Labor Statistics, there are now only 1.75 full-time private sector workers for each person that is receiving Social Security benefits in the United States.
#31 According to the Congressional Budget Office, the Social Security system paid out more in benefits than it received in payroll taxes in 2010. That was not supposed to happen until at least 2016.
#30 The U.S. government now says that the Medicare trust fund will run out five years faster than they were projecting just last year.
#29 According to one study, the 50 U.S. state governments are collectively 3.2 trillion dollars short of what they need to meet their pension obligations.
#28 A different study has shown that individual Americans are $6.6 trillion short of what they need to retire comfortably.
#27 Between 1991 and 2007 the number of Americans between the ages of 65 and 74 that filed for bankruptcy rose by a staggering 178 percent.
#26 According to a shocking AARP survey of Baby Boomers that are still in the workforce, 40 percent of them plan to work "until they drop".
#25 Last year, 2.6 million more Americans dropped into poverty. That was the largest increase that we have seen since the U.S. government began keeping statistics on this back in 1959.
#24 Back in the year 2000, 11.3% of all Americans were living in poverty. Today, 15.1% of all Americans are living in poverty.
#23 More than 50 million Americans are now on Medicaid. Back in 1965, only one out of every 50 Americans was on Medicaid. Today, approximately one out of every 6 Americans is on Medicaid.
#22 More than 45 million Americans are now on food stamps.
#21 The number of Americans on food stamps has increased 74% since 2007.
#20 Approximately one-third of the entire population of the state of Alabama is now on food stamps.
#19 Right now, one out of every four American children is on food stamps.
#18 It is being projected that approximately 50 percent of all U.S. children will be on food stamps at some point in their lives before they reach the age of 18.
#17 The poverty rate for children living in the United States increased to 22% in 2010.
#16 There are 314 counties in the United States where at least 30% of the children are facing food insecurity.
#15 In Washington D.C., the "child food insecurity rate" is 32.3%.
#14 More than 20 million U.S. children rely on school meal programs to keep from going hungry.
#13 It is estimated that up to half a million children may currently be homeless in the United States.
#12 The number of Americans that are going to food pantries and soup kitchens has increased by 46% since 2006.
#11 According to a recent report from the AFL-CIO, the average CEO made 343 times more money than the average American did last year.
#10 The wealthiest 1% of all Americans now own more than a third of all the wealth in the United States.
#9 The poorest 50% of all Americans collectively own just 2.5% of all the wealth in the United States.
#8 The percentage of millionaires in Congress is more than 50 times higher than the percentage of millionaires in the general population.
#7 According to the Bureau of Labor Statistics, 16.6 million Americans were self-employed back in December 2006. Today, that number has shrunk to 14.5 million.
#6 According to one recent poll, 90 percent of the American people believe that economic conditions in the United States are "poor". To put this in perspective, only 11 percent of Americans rated economic conditions in the U.S. as "poor" back in January of 1999.
#5 According to another recent poll, 80 percent of the American people believe that we are actually in a recession right now.
#4 Our dollar is being systematically destroyed by the Federal Reserve. An item that cost $20.00 in 1970 will cost you $116.78 today. An item that cost $20.00 in 1913 will cost you $457.67 today.
#3 The Federal Reserve made $16.1 trillion in secret loans to their friends during the last financial crisis.
#2 The Federal Reserve is a perpetual debt machine. Today, the U.S. national debt is more than 4700 times larger than it was when the Federal Reserve was created back in 1913.
#1 According to a new CNN/ORC International Poll, 27 percent of all Americans have never even heard of Federal Reserve Chairman Ben Bernanke.
We need to educate America.
Please share this with as many people as you can. Time is running out for America, and 2012 is going to be an absolutely pivotal year in the history of this nation.
We are in the midst of a long-term economic decline that is rapidly accelerating. If dramatic changes are not made very quickly, we will soon witness a full-blown collapse of the economy.
Wake up as many people as you can.
We are running out of time.
This is a great compilation of facts about our dismal state of affairs!
Thanks very much for doing this. I’m saving it on my computer “Favorites” and will be disseminating the info here and there, wholecloth and in pertinent bits and pieces.
You’re quite correct: There isn’t much time left! No time to waste; it’s time to wake up– and wake up those we can awaken!
Remember, the USA’s downward spiral began after the wife and political party swapping Ronald Reagan became president. His nearly tripling of the deficit had nothing to do with the collapse of the former USSR. Pentagon programs wasted trillions of $’s that still can’t function as envisioned. Reagan took the USA from being the #1 creditor nation to #1 debtor nation in less than 8 years and his economic recovery was based on debt that several generations from now will still only be paying on a fraction of its compounding interest.
Ronald Reagan’s “Freedom Fighter’s” Saddam Hussein, Osma Bin Laden and his supporting of Al-CIAda with weapons in the 80’s whose surpluses are now the IED’s killing US soldiers in their illegal occupations known as the farce, ever expanding War of Terror today. If the most convicted Felons of the Reagan administration had been swinging from the ends of ropes for their Treason fomenting Iran-Contra weapons for cocaine scandal, then there would have been no PNAC “New Pearl Harbor”- 9/11. Werhmacht soldiers were hung for lesser crimes.
Reagan’s championing of deregulation is what spawned the S&L scandal and every other financial calamity requiring government bailouts’ culminating in the QE the US is facing today. Reagan’s firing the union FAA Air Traffic Controllers was the first shot at organized labor that started the off-shoring and out-sourcing of American jobs. The EPA scandals under Reagan are what have allowed the polluting of the air, land and water unabated.
If the USA had followed through on the Carter Energy Policy, then it would already be operating on a grid of mass transit using 2nd-3rd generation of alternative fuels and not beholden to ME oil. The USA would be leading the world in the desirable “Green” technology jobs today and not China.
“Extreme Mental Cruelty” is what Reagan’s first wife accused him of after engaging in pre-martial sex, resulting in his marrying a 3 month pregnant Nancy; that all debt slave American citizen’s and those who have lost a loved on in the War of Terror can now utter this phrase too.
There is nothing to be proud of the unpatriotic, immoral and unethical Ronald Reagan. How’s that “trickle down” working out for you and your progeny?
He’s DEAD Jim.
What killed him, Bones?
Overdose of Communist Koolaid.
Sad… So sad.
@Stanimal. Nice piece, but bringing Reagan’s marital issues into it did it no favors. Unless of course, you are also trying to criticize him for not being a good Christian? Which of course, is silly when trying to explain his economic policy failings.
Reagan took the USA from being the #1 creditor nation to #1 debtor nation in less than 8 years and his economic recovery was based on debt that several generations from now will still only be paying on a fraction of its compounding interest.
Don’t know where you get your information but it is plain and simply BS. How do you explain the fact that in the 90′s while Clinton was President we had a budget surplus. You’re crazy if you think we’re still paying on 1980′s debt.
Nothing like a fair and balanced assessment. This may have been cathartic, but really, get a grip, dude.
CriCross, I was going to write a rebuttal letter, but you said it all so much better
Those Reagan lovers, pee on them and they love you. I think most of the top couple percent must see the lower class republicans as a bunch of sheep, that well deserve what is heading our way. bah bah it’s Obama’s fault. wah wah damm liberal media.
The Pentagon, like every government bureaucracy, wastes tons of money. Whether you want to realize it or not, military spending by the Reagan administration represented a co-ordinated effort to spend the USSR into oblivion. That is exactly what it did, and so effectively, that the USSR went from superpower status in the late 1970s to a backwater in 1992.
Unlike the community organizer, Reagan inspired hope into Americans and his policies redefined prosperity in America.
Men’s hearts failing them for fear, and for looking after those things which are coming on the earth: for the powers of heaven shall be shaken.
Inheritance is usually squandered away, the beneficiaries never fully appreciate the ammount of effort the creator of that wealth had to endure..
I’m a reader from France and I would like to congratulate you for this blog and for your job.
The situation in Europe and in France is probably worse as in the US because here there is no hope more in the souls.
I always think that american people are optimistic and loves to create as Steve Job! Then, I’m sure, you have a future.
But please, kick out this stupid Mr. Obama. We will do the same with our stupid Mr. Sarkozy.
It doesn’t look like it will help Leroy – as the elite will only put another “puppet” {marionette} in their place.
Some of us are working on it, Leroy. Thanks, and good luck with that Sarkozy thing.
I keep reading your articles because they say something more than mainstream media, which I no longer watch or read. I have found them to be very insightful and practical for these times.
I do however, want to hit delete of your website on my favorites when you continue to say things that indicate you believe this mess is blamed on Obama. I did not vote for him, nor do I think he has the answers to get us out of this. But I don’t think either party has. It’s like hiring someone as a financial counselor who has run up huge debt, filed bankruptcy and had their cars repossessed.
Why would the very two parties we have that got us into this mess, have answers to get us out. We need a new view, new leadership.
(also, did you check to see that a very large sum of that money that came into view and added to the deficit was Obama adding the costs of the two wars and medicare advantage which was not on the books.) If you are going to present yourself as a facts person, then give the facts.
Balanced:
In my articles I slam Obama really, really hard. I also slam the Republicans really, really hard.
Right now Obama is in the White House and he is a complete basket case. I am going to slam him continually. If the Republicans elect someone just like George W. Bush in 2012, I will be slamming that president continually.
Michael
Dont forget to slam all the ************************* in Congress too.
Michal-a lot of people are calling out your conservative bias. I can’t believe we are all wrong. You need to really think about this flaw you have. If you would like I can preview and fix the conservative bias when it crops up in your posts.
I offer this as a friend.
How about checking out the red map strategy that repubes are employing. Jane Mayer has a good article on this in the New Yorker. There is absolutely no way the similar agenda in all the tea bagger states is a coincidence. It is a plan for the right to disenfranchise voters and further rig the system.
http://www.npr.org/2011/10/06/141078608/the-multimillionaire-helping-republicans-win-n-c
Bush and Obama promised to defend the Constitution. Instead, both have pursued collectivist agendas and both deserve to be slammed.
The Madness Of Society – By now everyone on the planet knows that there has been the introduction of an evil element into our society. That element shows itself daily in chaos and tragedy. Most families are struggling just to survive. Whether they will or not is another story.
In these two videos 1 and 2 you will see in less than 10 minutes the real threat you are faced with and be given a choice in what you want to do about it.
We at KB Gold do not mean to give you a ringside seat at the greatest battle of good and evil to ever confront the human existence on this planet. We are not voyeurs. But you are in the arena and now must decide how you plan to survive.
If you choose to, you can start a gold savings plan today and prepare to handle the challenge, We will be more than happy to get you started for free. Or if you like, go back to your TV or video game and pretend this is not happening.
Go to: http://www.kb-vision.com/?s=greenshield
Sign Up for free and begin getting ready for the economic collapse.
” . . . and we have completely wrecked it.”
Who in Hell is “we?”
Give your own 2-cents and say it LOUD. “END the FED!” JFL
The Obamaites call this “crash the system”…looks like it’s going according to plan.
“This generation was handed the keys to the greatest economic machine that the world has ever seen, and we have completely wrecked it.”
[What "generation" are you talking about??]
“Decades of incredibly foolish decisions have left us drowning in an ocean of corruption, greed and bad debt.” ["Decades"...so again, which generation are you refering to? Like since when? 1980, 31 years ago, when Reagan started running up more debt than all the presidents before him? Or his VP that did same when elected president...or his idiot son who did same likewise, as well as blow through a $150 billion surplus, and a balanced budget he tore a $500 billion/year hole into, left him by the creep that pushed through the horrid NAFTA trade agreement and dismantled Glass-Steagal Wall Street regulations...or the current assclown Obama trying to break Dumya's record...WHO??? BE SPECIFIC if you want credibility. 31 years ago was a year before my oldest son was born...are you blaming his "generation"...or mine, or my grandfather's, or father's, for not hanging Reagan and all his backers, which amounted to the majority of the voters at that time...sheesh, what vague and clumsy generalization and journalism.]
And what a unprincipled, partisan response. Progressives like FDR and Wilson and Federal power-mongers like Hamilton and Lincoln have been trashing the Constitution and the free market for generations…long before Reagan and his mistakes.
dude, re-read the post. He bashes Clinton and Obama as well…”creep” and “assclown” are not meant as compliments. Face it, both parties have been on a destructive rampage for 30 years, and even longer – farang just points out that Reagan turbocharged the theft and inspired the crooks and incompetents that have come since.
The real issue is automation. The jobs are gone to machines and every day they find ways to eliminate more jobs. So without major league FDR style labor reform(unlikely), min. wage $21/hr and a 25 hr. work week the nation is doomed to crumble into a fourth world hell hole. And of course the rich will become richer than they are now, and wealthier than any other time in history. This will be followed up by some form of mass kill of of the useless eaters. They will extract some of the serfs to interbreed with them to boost their gene pool.
“#100 A staggering 48.5% of all Americans live in a household that receives some form of government benefits. Back in 1983, that number was below 30 percent.”
That’s correct: Reaganomic’s, aka “trickle-down” (aka “piss on the workers”)had not had but 2 years to start to negatively affect the economy… yet by 1988, his last year in office (Jan 1989), the brain-addled B-actor had borrowed more than all the presidents before him….. *funny* how you don’t mention that….only DEBT grew, all else was illusion based on using Uncle Sam’s Credit Card…and running up debt…. Reagan left us destitute…or did you NOT KNOW we WERE the largest CREDITOR NATION when Reagan took office, and the largest DEBTOR NATION when he left? You act like it *just happened* recently….you are sadly mistaken.
I think you do know…I think you intentionally mislead Americans.
Here’s the facts:
It was Nixon who first defaulted on the dollar. He refused to honor what the Reserve Note promised at the time – dollar for gold. He defaulted by removing gold backing to the currency and gave the Fed full and unfettered power to issue fiat money. with that Nixon was the first president who ‘paid off’ the vast debt of the Vietnam War by simply debasing the currency. In short, he pushed the bills to the next generation.
That next generation took shape in the form of Reagan. Reagan wanted to expand the US military empire by a full $1 trillion dollar over 4 years. He even built US first 1000-ship navy. When Reagan left office, he smiled at the fiat money power he inherited from Nixon, because it allowed him to rack up the national debt by $2 trillion to finance his dream of grandeur.
In Bill Clinton 8 years he spent well too but he also grew the economy even more. So that he left behind a surplus and a national debt only moderately more. The debt was almost $4 trillion with a GDP of $10 trillion – 40%. [Note: Bush I Gulf war in Kuwait was expensive, but it was fully paid for by major coalition partners.]
Bush II came to power. By the time he left office, he added $5 trillion to the nation debt in 8 years. Thus US had $4 trillion from 1776 to 2000, and added $5 trillion 2000-2008. Total was $9.5 trillion on a GDP of $12 trillion. All $5 trillion of Bush II debt is due to wars, tax cut and Wall Street bailout.
Obama came to office. In 3 years, national debt went from $9.5 to $13.5, all from loss of revenue due to economic downturn, almost $1 trillion of stimulus, and a couple of hundred billions to continue to wars.
Yes, US was the largest creditor nation during Reagan time. But the people didn’t seem to mind as the leadership racked up $10 trillion of national debt and $20 trillion of unfunded obligations since. Until today, when everybody knows the situation is impossible to finance. It is too late. Just ask the Greeks. National downsizing is inevitable for the next 15-20 years.
“Reagan, Reagan, he’s no good, send him back to Hollywood”. Ah yes, those were the days.
Michael-again you are called out.
Reagan-bashing may be justified, but to portray Reagan’s mistakes as something unique or new is simply ignorant. American history is replete with examples of progressive, collectivist usurpers who have destroyed the Constitution and the free market and long ago set the stage for the abuses we have endured under Reagan, Bush, Obama and may others who acted as if they never read the Constitution or had a clue about the nature of free markets.
It is nice to see the focus on wealth/income inequality. I have only been saying this was the major issue for years now.
And the more we focus on class envy and collectivist policies as a solution, rather than progressive abuses by the left and the right, the more “major” this distracting “issue” it will become. Sad.
u r so rt
The bank “Max Bank” in Denmark is now disintegrating.
CAQ, the best thing to do is to buy only american made products from this point on. This will jump start the economy faster than any politicians or government policies can ever do. I started today to only buy anything from now on that is Made in America. Bought a coffee
mug and some baseball hats online. Sure they
cost a little more and you cannot do any impulse
buys, but it is possible, if you just search online and pre-plan every purchase. If everyone
reading this site just spent $32 a month buying
only Made in America, that would create 2 million new jobs–not the paltry 103,000 just
announced. My next purchases are a bicycle from
Worksman bicycles online, and a Chevy Cruze made
in Lordstown, Ohio. Keep buying are way to a recovery and stick it to China and the soulless
American corporations.
Sorry, the Chevy Cruze is a European designed car with all mechanical parts imported. But yes, it was assembled in OH.
Sure by US products. So that the maker of the products will have profits, so that they can invest that profit in China and other countries who can offer a higher return. Don’t you like American capitalism? Now I said American capitalism because you certainly ain’t going to see German corporate profits get invested in China for superior return. See, the German corporate CEOs will get skinned alive if they do that.
The most troubling and scary statistic here is:
#35 Starting on January 1st, 2011 the Baby Boomers began to hit retirement age. From now on, every single day more than 10,000 Baby Boomers will reach the age of 65. That is going to keep happening every single day for the next 19 years.
—–
I am no mathematician, but based on my basic arithmetic, 10,000 per day means around $10,000,000 (assuming a $1000 monthly pension) that needs to be paid out per month. After one year $120 million needs to be paid out for the first year for the first day’s baby boomers. But since there will be a compounded overlap–every day, $120 million is added for each day–the number grows in a summation function.
So, I am requesting some help here…how much will be paid out the first year through the 19th year assuming these facts:
1. 10,000 added per day for 19 years (take into account the leap years)
2. $1000 per person (forget about an increase in pension payout due to inflation for the following years)
3. Everyone will live until 75.
And everyone will eventually die.
It matters not the money, the fame or the fortune. Just ask the late Steve Jobs.
FYI, social security is solvent for another 24 years. Social security is the second largest debt holder of US debt. That is, the US government owes social security a lot of money, understand that. If people can be put back to work, then there would be surplus and no need for SS to call in the debt the US has with it. FYI wealthy are not job creators. We live with a supply and demand economic system. Do the math. 1% cannot provide enough demand for anyone to supply. To put this country back on track we must. Get money out of politics, that’s a no brainer. We don’t need a mob boss or drug dealer influencing US elections, especially not a corporation, conflict of interest, obvious. Second tax the he’ll out of companies that outsource labor. This is another one, that even an ivy league educated person might understand. If everyone is working then we wouldn’t need the tax from corporation
I just did a rough estimate: $8.328 trillion will need to be paid out for 10,000 baby boomers per day for 19 years: 120 million * 10 years = 1.2 billion; 19 years has roughly 6,940 days; 1.2 billion * 6,940 = $8.328 trillion (assuming my criterion above). That is a lot to add over 19 years, even with Obama’s and Obama-like policies!
To bad the decades of bad decisions weren’t accidental – that’s right this is a manufactured crisis that took decades to bring about.
The decisions were and are intentional. The politicians and media know why it’s happening they are simply complicit in covering up the truth.
Read this article about George Soros – in his own words – he isn’t alone and he is more poweful than most dare imagine.
Educate yourself – Knowledge is Power.
http://www.theblaze.com/stories/in-his-own-words-an-examination-of-some-of-soros-socioeconomic-philosophies/
Why on earth do people kowtow to money? Because a person has it doesn’t make a person the world’s savior or a genius.
And this whole global business buzzword thrown about just reeks of aspirations of total control over the whole world and it’s populace.
Ought to do some good with it, rather than trying to rule the world.
Money talks and BS walks and the power elite have the money. Your absolutely correct that this is no accident. What is an accident of history is the 20th century’s rise of the USA. Thanks to being spared the destruction of two world wars we climbed up post WWI and was more or less last man standing post WWII. You want manufactured goods? Well we have industrial capacity untouched by war just waiting to supply the world with tools so they have future industrial capacity. Oops, their industrial capacity now will compete with our industrial capacity. Worst yet our post war enemy that more or less controls half the world just called it quits leaving us no choice but to expand further. While we’re at it lets make nice nice to the remaining cold war enemy and trade with their slave wage society duty free. Great idea, should have thought about that decades ago. Oh, we did think of that decades ago but the timing was not right. Well it’s time to move on from the UK, to the USA and now to Asia and East Asia.
Globalization 101.
And still you are exporting jobs and pay CEO $millions in bonuses. Wake up America the Banksters and CEO’s are the 21st century aristocracy…you are the peasants/surfs/ what ever. Capitalism is good, but out of control, you get what you have got. Greed is evil!
Free market capitalism is good and should be pursued as a significant solution to the problem. State and crony capitalism are bad since they are anti-free market and contribute to the problem.
http://motherjones.com/mojo/2009/03/how-nation’s-only-state-owned-bank-became-envy-wall-street
North Dakota model was the conclusion I drew after spending a bit of time on wikipedia’s explanation of the federal reserve, which seems a bewildering quagmire with it’s fingers in everything.
Can’t wait for the zombies to come a callin.
I’ll finally get to act out my ****************************
I think the Occupy Wall Street protests will result in this “education of Americans” the article spoke of. These protests are not going to end until the changes are made. A majority of Americans will finally wake up and understand that they have a Fascist government, are being severely abused by the Elite, that they have zero representation in Congress, that the main reason for the campaign against “Terrorists” has been mostly manufactured to eliminate Constitutional rights, and that they have been conditioned by the PTB to be citizens of a slave labor concentration camp One World Government complete with the physical torture and killing that “they” are so fond of.
By attempting to discredit the protesters by painting them as a bunch of nuts without a specific complaint who don’t really know what they want, the Main Stream Media will unmask themselves and awaken the Sheeple. Taking sides with this protest is obviously the one thing the MSM can never do. In the past they have been able to swallow a few bitter pills and change their tunes so as be able to allow the abuse of Americans by their employers to continue in other ways, but if the protesters get what they want, the abuse will be over with.
Their attempts to discredit will not be bought by the sheeple this time – even the deepest sleeping Americans now know that something is seriously wrong and are finally willing to be educated. They will believe the protesters and not the MSM especially since the MSM can not strategically back-off and agree with the protesters on this one.
On these news shows where there are multiple commentators arguing their positions, there will be some on the side of the protesters only because there has to be so as not to look ridiculously biased – but the debate “win” will always go to the side ridiculing or disagreeing with the protesters. And if it looks too bad for that win to take place, then they will attempt to confuse The Sheeple with countless different opposing points of view. That’s already the reason for having sometimes up to eight paid propaganda agents spewing crap. They are very cunning, but their B.S. won’t work this time – the MSM won’t be able to fool any of the people any of the time any more.
Commenters to this site and others like it for sure have been the only reason these protests have been launched. Shutting down the internet for security reasons due to protesting is now very likely but that would only cause the protests to get larger.
“They” will very soon be in between a rock and a hard place due to these protests with only two options – leave the U.S. or crackdown hard. I know from personal experience that cornering the Federal Government (the people who own it) with their back up against a wall is something no one would ever want to do on an individual level. But when everyone does it to them at once – they’re the ones that will quickly go whimpering off in fear.
So far, the MSM has intentionally only interviewed and filmed the nutty looking and sounding protesters and laughed them off saying that these people don’t even know what they want. The MSM knows that the Average American has no respect for those types of people and could easily write-off all the protesters as being the same – young kids (untrue)who know nothing about life – just as they did with the riots in England.
Many protesters though have clearly stated that they want the U.S. Constitution to be enforced, bribery of Congress (lobbying) to cease, the Federal Reserve and the IRS abolished, rigged markets to be regulated and Wall Street Criminals prosecuted, Credit Default Swaps and other derivatives regulated or made illegal, bailouts by American Workers of banks in the U.S. and in other countries prosecuted, Glass-Steagal re-instated, fair trade agreements implemented and on and on.
This time I think these requests will be granted by the Protesters themselves just as the principles in the Declaration Of Independence and the U.S. Constitution were granted to Americans by Americans themselves. Back then after Americans took control of their own lives and ended the abuse from foreigners, the British whimpered off back to England.
The exact same thing is about to happen again – these assholes that are destroying the U.S. are not Americans, and London is their headquarters – the rothschilds.
yea ha!!!! the only good rebuplicanterrorist is an deleted1!!! ctrl + alt + delete all rebuplicannns except jacob javits john rockefellar dwight eisenhower ect
The “Wall Street” protests will disappear after the 2012 election. They are about as spontaneous as the election of Rahm Emanuel as mayor of Chicago. There is a mixture of anarchists, communists (there are still a few despite the track record of such movements), party-goers, looters, and even a few rational but deluded well-intentioned, but the entirety of it is planned as part of information manipulation that even George Orwell could not imagine in his worst nightmare.
To a large extent we are resposible because we elected the politicians who told us what we wanted to hear instead of what we needed to know.
But some politicians are more guilty than others:
1) Bill Clinton and Democrats in Congress along with 5 Republicans who repealed the Glass’Steagall Act, which Clinton signed into law.
2) The Democrat controlled Congress during most of the last 40 years and their excessive Deficit spending.
3) Obama’s excessive deficit spending which is 4.5 times greater than that of George W. Bush.
4)And Obamacare which will eventually cause the loss of yet another million jobs plus guarantee that we will be bankrupt within 5 years. Blame Reid , Pelosi, Schummer and Weiner along with Obama and The head of the AFL-CIO along with the SEIU.
Daniel – federal spending requires the approval of Congress AND the president
Corruption? Greed?? Bernie Madoff? The Chicago Thugocracy in action?
Dostoyevski summarized it all 125 years ago:
“If there is no God, ***everything*** is permissible”
OBAMA WHITE HOUSE: A DIV. OF GOLDMAN SACHS
A speech that every American voter should hear:
http://www.stansberryresearch.com/pro/1108PSISHOVD/LPSIM968/PR
This is the second such column to gain notice, but the issues remain. Despite the cryptic, teabag-esque code of “We need to educate America,” there’s still the refusal, despite ample evidence of an insane concentration of wealth, to deal with issues of class and the effective role that government can play in a solution. (And before you totally lose your ******, ‘government’ means ‘applied democracy.’) Certainly, government has been the vehicle for establishing this level of inequality, because the super-rich aren’t bashful about seizing government in order to destroy you and me.
An anti-government stance these days is like being on a sinking ship, standing next to the lifeboats, life jackets, flares, and radio gear, and claiming not to know what people should do. Here’s a start: a shift in philosophy towards the real world. Complaining about inequality when you’re shacked up at the Ayn Rand Motel is a bad joke, isn’t it? Standing alone, spouting free market nonsense, isn’t going to get us closer to solving these problems. ******************************, Charles Koch himself sold Freddy Hayek Social Security!
Pardon my ranting, because I respect your taste for probity, but this is really too much to let pass. Even Max Keiser rolled his eyes when Joe Weisenthal from BI balked at prosecution of Wall Street criminals. Whether we get through this disaster isn’t clear, but there’s no excuse for ignoring the obvious course of action.
There will be NO substantive change unless 95% of the members of the US Congress are voted OUT of office in Nov of 2012. With the corrupt system that we have here in America, that is nearly impossible. But, if you do vote to reelect your US Senator or US Respresentative, you will be part of the problem.
Anger Mill – use some control and put some solutions to your whinning…
This is something to see posted in one spot. Hey I did read through all of it. Not really shocked by it, as I know America is under extreme judgement by God ALMIGHTY, and this blog really puts it into perspective. Things will not get better with the current President, nor can a NEW one make a DENT of change to help. It is WAY TO LATE. America has become a third world country via its Pride and Greed, and Sin. There is NOTHING we can do now…save, ask God’s forgiveness, and turn from our wicked ways….even then, I think we will still crash and burn….
If you check with the CBO Budget page, you will see that GWB increased the debt by 6.1 trillion.
Barack Obama increased the Nationl Debt by 1.65 trillion in 2010.
Considering the shape GWB left us in, it would be fair to give our president a little slack.
But some Americans don’t like facts, especially when the get in the way of ideology.
As a former life-long Republican (never a democrat) who is totally disgusted with the Repub. party, the only reason I have re-registered as a Repub. is they have the ONLY candidate that has a clue about real world economics (non-Keynesian).
Seriously, please take time to check out Ron Paul …research how he has CONSISTENTLY (rare word in politics) voted over decades to truly uphold the Constitution and to promote Liberty. READ about his proposed solutions. He is the ONLY one running who will not continue the destruction of America. He may not be able to save it, because of the ignorant (or evil) bozos in Congress and the welfare populace that has been brainwashed in gov’t schools, but he alone would do as he promises (check out his history) and do the right thing:
Promote sound money.
Re-chain the federal government.
End the privately held Federal Reserve bank.
Bring military home to defend our borders.
His position on the issues:
http://www.ronpaul2012.com/the-issues/
Good organization which promotes liberty:
http://www.campaignforliberty.org/about
p.s. Read the U.S. Constitution at least once a year and hold all of your representatives responsible.
p.p.s. Remember, a founding father said that this government (Constitution) would only work with a moral and religious people. Look around, I think we have a big problem with this point. I see the media and the gov’t schools (“Gov’t as Savior” propaganda centers) and ignorant clergy (unable to think as a result of the schools) as the main forces behind the decline of America; these have lobotomized/ emasculated the people.
see u in med school as a cadaverrrrr
Ron Paul is a good candidate, but he will not end the Fed. They will make sure of that by either threatening kill him or actually assassinating him, just like the other opponents of the the Fed and fractional-reserve banking: Andrew Jackson, Abe Lincoln, James Garfield (probably missing a few others).
The same happened when Ross Perot tried to intervene with NAFTAs plans. They threatened to kill his family if he didn’t throw out of the election. He stated this many times. I didn’t believe it then, but now I see it has a highly probable scenario.
All politicians know the Fed is the problem. The thing is, the same private, international banks fund their terms. They want to get elected, so the politicians obey their command. Calling the Fed the “Federal Reserve” is ironic and cunning because they sensibly know it will fool the majority of the public into believing the Fed is actually a government-controlled entity. And hence, the problems get associated in the liberal/republican fight, the greatest illusion ever made by the Fed and other private, international bankers (the elite).
Most sheeple won’t understand Mr. Paul when he talks about the Fed. He will lose the ground.
All worrying stuff. You can’t argue with the empirical evidence. Just open your eyes to the truth and you shall see.
Stanimal & farang- Time is proving you right. I was in grade school and high school when Reagan was shaking his fist at the USSR, and too young to understand his economic and social policies and their implications. Let’s not forget who Reagan’s VP was for 8 years either. It seems to me that all presidents since JFK, especially Reagan, have been bought and paid for by the banksters.
All the blaming in the world is not going to fix anything. Even the author of this article hasn’t managed to do more than point out the obvious. Where are the actual solutions?
Say blog host, have a question about the movie “Contagion.” Are you going to comment about it? In some respects the movie is quite accurate in showing the effects on the economy of a major contagion outbreak.
However, as usual, like the cheap cable sci-fi movies about catastrophies, somehow mankind saves the day in the last 10 minutes of the movie. Some problems I saw with the movie:
1.) The government steps in and takes control. In our present condition of being broke, there is no way the government is going to be able to restore order. Look at Katrina.
2.) The national guard has been scavengerized in manpower and equipment for America’s wars in the Middle East. I do not see the quick mobilization that we see in the movie.
3.) In a contagion outbreak where 25% are dieing, the rest of humanity in laying low with their families. That includes the national guard and U. S. forces soldiers as well as the police.
4.) The same with utilities; I see the lights stayed on during the entire movie. Not realistic.
5.) The hero of the movie at the beginning is looking for food from the authorities with limited success, he seems not have have prepared ahead for this, yet he seems to survive throughout the movie without any visible loss of weight by him or his daughter.
6.) The lady working at the CDC says there is no way that they can role out a vaccine for the general populous, once they find it, for months, maybe a year. Yet, somehow they get it rolled out in weeks and (sure enough) by the end of the movie, mankind saves the day. This is not realistic. No talk of a contagion outbreak being the breaking point for an economy that is already on the edge. Where are we getting the money to pay the soldiers, police, and government agencies to investigate the contagion, and pharmasutical companies to produce the vaccine?
7.) The pharmasuticals are working overtime to get the vaccine on the street, but again with a mortality of 25% or higher, and people who are well staying home to take care of the sick or hiding in their homes so they do not get sick, where are employees going to come from to man the lines to make this vaccine?
The movie raises some important issues, but pulls too many punches and leaves the movie-goer walking away thinking that a contagion outbreak is survivable by civilization.
Good comment.
I have not seen that movie yet – I think I will definitely check it out once they release it on DVD.
Michael
amerika=BRA
It didn’t take long to realize this list was a pro-Republican biased piece of propaganda.
#100 is presented as being part of the cause of the collapse. If true, it is simply part of the result of the collapse (which is caused primarily by the trade deficit caused by corporations sending American jobs overseas for Chinese and third world slaves to perform).
#99 conspicuously left out the black hole of the Bush II regime years. Obama has done his share to harm this country, but much of the debt under his watch was committed to under the Bush watch.
etc. etc. etc.
If any one person is to blame for the economic collapse currently underway, it would have to be Allen Greenspan.
Doug
Your correct that the problem is the loss of US manufacturing and it’s associated good jobs. The cause was the Free Trade Agreements that removed tariffs from the slave labor nations. While the Republicans called for for these agreements the Democrats got them passed into law. It’s watch the right hand while you get hit with the left. NAFTA was the baby step and Bill Clinton personally got the necessary Democrat congressional votes needed for passage. BH Bush #41 did not have the political horse power to do the same. Watch the right and get hit with the left. A couple of years later after being re-elected the Democrats supported China Free Trade which virtually eviscerated US manufacturing. While 83% or US Senate Republicans voted for it 80% of US Senate Democrats followed suit. Bill Clinton considered the “God” of modern Democrats signed that into law too. When labor has friends like that who needs enemies?
The Democrats gave Wall Street what the Republicans couldn’t.
As we speak another Free Trade Agreement is being pushed by the present administration.
The sad truth is be it Democrat or Republican you don’t have a choice because both feed from the same corporate bowl.
the first thing everyone needs to know is that MONEY = DEBT, and think about this, if there were 2 dollars in existance and i pay you those 2 dollars for something (pack of gum) and i ask for intrest HOW ARE YOU ABLE TO COME UP WITH ANYTHING OVER 2 DOLLARS EXCEPT PRINT MORE MONEY AND RAISE INTREST???????????????????? END THE FED., REPLACE CONGRESS, CIVILIAN “PRESIDENT” (TO SIMPLY WATCH OVER WHAT CONGRESS IS DOING) CONGRESS ARE THE RULERS OF THE WORLD…. EVERY LAW TAKES AWAY SOME OF YOUR FREEDOM
we need a public option in banking like we need in health care. If the free market is so wonderful they should have nothing to worry about.
Cheers! Bring the outsourced jobs back to America so we can return to bieng a country of producers not just consumers!
Businesses are not loyal to their nations… (ever). They are only loyal to their shareholders. Americans themselves will not pay more for products, simply because they’re “made in America”. Why will anyone else in the world? So outsourced jobs will never be brought back to America. Plan B, elect a guy like Ron Paul. He’ll make America a rich nation again by eliminating the Federal Reserve and inflation, canceling all the wars, reducing big government, eliminating corporate bailouts, and at the same time – eliminate income tax so we all have more money to spend – which itself will boost the economy.
Whoa, I provide income protection insurance as a voluntary employee benefit in Georgia and I thought my stat of at least 8 in 10 Americans living paycheck to paycheck is bad, ************** look at stat number 92!
If you are one of the 1 in 3 Americans, or have no interest in being one, then you will benefit greatly from the service we offer and simply click here – http://incomeprotectionatlanta.com/income-protection-insurance-marietta-ga-individual-coverage/
Thank You,
Jelani Asar, Internet Marketing Manager, Income Protection Atlanta
you mean 93.
i sell insurance and a DA too!
great advertising
That’s quite an impressive list of statistics, but isn’t it rather easy to find out what’s wrong rather than what’s right?
A focus on what’s wrong, and advertisements for doomsday investment and hoarding of goods as if the world is coming to an end – what will that fix?
Big government and its spending is a massive problem, and so is corporate greed and income inequality, but none of these are solutions. They just lead to fear mongering, which is a cottage industry in itself.
Here’s a book that addresses how to fix the problem rather than how to identify it….which is the hard part of the equation.
http://www.amazon.com/Progress-Technology-Billion-People-ebook/dp/B005NLPVUU/ref=sr_1_1?ie=UTF8&qid=1318438033&sr=8-1
Our issues boil down to two facts:
1)A congressional system made up of congressmen who lower taxes on themselves and whichever special interests throw enough money at them.
2)Consumers who want to live a lavish lifestyle A) borrowing money from the rich- where the rich make a killing in interest and B) Preferring cheaper products to ones made here for more money, therefore losing jobs and making the market much more competitive and making any job you hold worth less because there are plenty of people to replace you.
The american public needs to wake up and realize that It isnt a “have your cake and eat it too” scenario. there simply isnt enough service jobs (cashier, janitor, lawyer, doctor) to cope with the onslaught of workers coming in from the manufacturing industry, because the service industry makes 99% of it’s profits from within the country. if we cant export anything to even out the cost of the products from the manufacturing industry we are now importing, we will continue to pile up debts to other countries that we cannot cover. and they know it. The more debt we stack up the less countries want our debt and basic high school level economics explains that the less it is wanted the less it will be worth.
Exactly why drug prices plummet when their patent runs out and they can be made in generic versions. The original maker can no longer manipulate the supply and demand (demand affecting price) as they would have before and demand is way down for your product now that the generics are available, so you must lower your prices to bring your demand back up to a balanced level and be able to continue to make money.
Same reason that computers and video games are sold for less after a better model is released.
Unions Faults? Good intentions, but increasing wages here just increased the incentive for companies to go elsewhere for labor
Bush’s Fault? Not necessarily
Obama’s Fault? More so than bush’s but still not much
Congress’s Fault? The democratically controlled congresses have not helped the matter with increasing welfare availability, Just gave the unemployed an easier to use crutch. And neither party has created any type of incentives for companies to continue to operate here. not a whole lot at fault in the end.
So who’s fault is it?
THE CONSUMER AND THE VOTER! They fail to get the entire picture before making decisions. They vote in the same politicians year after year, not knowing that for the past 10 terms they have been in the pocket of big oil companies and other foreign buisness entities. And buy being a naive consumer they continue to support the companies paying off your politicians by using their products. Do your research independently. look at what your reps support and what they add in for their own earmarks. Then find reps that add earmarks that reflect the views of those who voted for them, Not those who give them big campaign donations.
What is happening is not by co-incidence. What is seen here in this article are things that are the result of an economic subterfuge and bogey that has long been in the works for milenia. We cannot do anything about our situation unless we identify and physically remove those individuals from their positions of power and seize their hords of gold and their accounts. Do any of you know who to go after and do it effectively ? How can we get big enough to really do something about their conspiracy against mankind with out, at some point, our numbers become infiltrated by their agents and they know every move we would make. It isn’t just merely financial. It encompasses the religions, the media,the banking system,the academia,the merchants,the industrialists,the medical. Unfortunately their filth is everywhere. Any one who really makes it and becomes a “force” is going to be “tapped” at some point. Tapped meaning approached and made an offer-”So you want to build an empire ? Join us and we will build a world empire and rule together…” The problem at that point is, if you join them it will cost you your soul. You will then have lost it all to temporal gratification. We all live only once. Re-incarnation is a lie from the pit. There is only Ressurection. Do you want to be amongst the elect who will live for ever with and in the presence of the one and true God ? Or do you want death and to not be any more forever. Choose Life-Eternal LIfe. You cannot take anything you have made with you to the next world. All of us will stand before God individually for judgement. Carefully consider that. It will take an act of Almighty God to free us…and He will. That you can count on. We can do something on our own against the Illuminati scum that are enslaving mankind for their “god”. It would take the massive turning of all of us, everyone on this earth who has not sold out,to change from our , corrupt and sinful ways and then living Holy and calling out to God. He will answer. He will come.
Obama, Obama, Obama. Not one word about Reagan who deregulated everything and began the collapse over 30 years ago, and Bush who sealed our fate…handing the mess to Obama. Puh-leeeze!!!
its all because of bush ***********
Those who swallow usury cannot rise up save as he ariseth whom the devil hath prostrated by (his) touch. That is because they say: Trade is just like usury; whereas Allah permitteth trading and forbiddeth usury. He unto whom an admonition from his Lord cometh, and (he) refraineth (in obedience thereto), he shall keep (the profits of) that which is past, and his affair (henceforth) is with Allah. As for him who returneth (to usury) – Such are rightful owners of the Fire. They will abide therein. (275) -al quran
Those who swallow usury cannot rise up save as he ariseth whom the devil hath prostrated by (his) touch. That is because they say: Trade is just like usury; whereas Allah permitteth trading and forbiddeth usury. He unto whom an admonition from his Lord cometh, and (he) refraineth (in obedience thereto), he shall keep (the profits of) that which is past, and his affair (henceforth) is with Allah. As for him who returneth (to usury) – Such are rightful owners of the Fire. They will abide therein. (275) al-quran
O ye who believe! Devour not usury, doubling and quadrupling (the sum lent). Observe your duty to Allah, that ye may be successful. (130) al-quran
And of their taking usury when they were forbidden it, and of their devouring people’s wealth by false pretences, We have prepared for those of them who disbelieve a painful doom. (161) al-quran
And thou seest many of them vying one with another in sin and transgression and their devouring of illicit gain. Verily evil is what they do. (62) al-quran
CALL FOR ACTION: Take your money out of the major banks by Nov. 5th…
Put it in a local credit union. Take a stand to end corrupt banking systems in the USA
Remember, remember, the fifth of November.
THIS IS OUR COUNTRY– UNITE AMERICANS!
what about the refugee fund that comes right from socail security..why is this so faux paus in EVERY circle?
Why do ************* somalians russians koreans etc taht get citizenship get government assistance that is equal to or better than middle inome? a whopping$1800 per person of family of 4 somalians makes 6,400 a month! Now i have to wait until 70 to get SS!
Let the Americans wake up and remove the cause of all such debt ridden, doubtful banking debacles. Save the U.S to savor the fruits of sweat and toils of productive people rather than sell herself to the speculative vagaries of Big Corporate Bankers and suffer perpetual misery.
Funny thing is none of these statistics reflect what the US spends on the military, the wars, and Pentagon as if they just don’t exist. BTW just the other day Sen. McCain was in Jordan boasting that Sysria would be next and then Iran. How he plans to pay for it all is obvious. Just take it out of Social Security and Medicare. Incidentally, cutting off Israel’s aid would be a step in the right direction insteat of cutting aid to the children of single mothers.
75% of what Israel gets from USA is coming back to USA in form of purchaces from USA. GOt to count this.
i say we organize & withhold our TAXES!!! if everyone “just said NO!” to sending their hard-earned $ to pay for war on people like us,
to pay for subsidies to corps., to pay for everything except the needs of We The People – then the message would hit home. they can gas us, shoot us – but can they jail an entire population for not paying the IRS? does anyone have an idea as to how this might be organized? i say refusing to pay taxes is “YES, WE CAN’T” until the system is restructured to reflect justice, sharing & wisdom!!!
Get ready for problems with russia, comrades
I glanced down your list of 100 and noticed your claim that our “top export to China” was supposedly trash and waste. This is really quite absurd. When you make such statements, it casts doubt on everything else.
http://www.uschina.org states that electrical machinery and equipment is the category of top exports to China, followed by power generation equipment. Please stop trying to deceive people.
Hey gays, don’t worry. Your federal system will make more money! But at one day, your government will start big war with strong enemy. Who it will be? Russia, China, Iran&Syria… Or all of them together?!
War is necessary for your financial system.
Are you ready for that?