The Beginning Of The End
The Beginning Of The End By Michael T. Snyder - Kindle Version

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The U.S. Economic Collapse Top 20 Countdown

So just how bad is the U.S. economy?  Well, the truth is that sometimes it is hard to put into words.  We have squandered the great wealth left to us by our forefathers, we have almost totally dismantled the world's greatest manufacturing base, we have shipped millions of good jobs overseas and we have piled up the biggest mountain of debt in the history of mankind.  We have taken the greatest free enterprise economy that was ever created and have turned it into a gigantic house of cards delicately balanced on a never-ending spiral of paper money and debt.  For decades, all of this paper money and debt has enabled us to enjoy the greatest party in the history of the world, but now the bills are coming due and the party is nearly over.

In fact, things are already so bad that you can pick almost every number and find a corresponding statistic that shows just how bad the economy is getting.

You doubt it?

Well, check this out....

20 - Gallup's measure of underemployment hit 20.0% on March 15th.  That was up from 19.7% two weeks earlier and 19.5% at the start of the year.

19 - According to RealtyTrac, foreclosure filings were reported on 367,056 properties in the month of March.  This was an increase of almost 19 percent from February, and it was the highest monthly total since RealtyTrac began issuing its report back in January 2005.

18 - According to the Bureau of Labor Statistics, in March the national rate of unemployment in the United States was 9.7%, but for Americans younger than 25 it was well above 18 percent.

17 - The FDIC's list of problem banks recently hit a 17-year high.

16 - During the first quarter of 2010, the total number of loans that are at least three months past due in the United States increased for the 16th consecutive quarter.

15 - The Spanish government has just approved a 15 billion euro austerity plan.

14 - The U.S. Congress recently approved an increase in the debt cap of the U.S. government to over 14 trillion dollars.

13 - The FDIC is backing 8,000 banks that have a total of $13 trillion in assets with a deposit insurance fund that is basically flat broke.  In fact, the FDIC's deposit insurance fund now has negative 20.7 billion dollars in it, which actually represents a slight improvement from the end of 2009.

12 - The U.S. national debt soared from the $12 trillion mark to the $13 trillion mark in a frighteningly short period of time.

11- It is being reported that a massive network of big banks and financial institutions have been involved in blatant bid-rigging fraud that cost taxpayers across the U.S. billions of dollars.  The U.S. Justice Department is charging that financial advisers to municipalities colluded with Bank of America, Citigroup, JPMorgan Chase, Lehman Brothers, Wachovia and 11 other banks in a conspiracy to rig bids on municipal financial instruments.

10 - The Mortgage Bankers Association recently announced that more than 10 percent of all U.S. homeowners with a mortgage had missed at least one payment during the January-March time period.  That was a record high and up from 9.1 percent a year ago.

9 - The official U.S. unemployment number is 9.9%, although the truth is that many economists consider the true unemployment rate to be much, much higher than that.

8 - The French government says that its deficit will increase to 8 percent of GDP in 2010, but by implementing substantial budget cuts they hope that they can get it to within the European Union's 3 percent limit by the year 2013.

7 - The biggest banks in the U.S. cut their collective small business lending balance by another $1 billion in November.  That drop was the seventh monthly decline in a row.

6 - The six biggest banks in the United States now possess assets equivalent to 60 percent of America's gross national product.

5 - That is the number of U.S. banks that federal regulators closed on Friday.  That brings that total number of banks that have been shut down this year in the United States to a total of 78.

4 - According to a study published by Texas A&M University Press, the four biggest industries in the Gulf of Mexico region are oil, tourism, fishing and shipping.  Together, those four industries account for approximately $234 billion in economic activity each year.  Now those four industries have been absolutely decimated by the Gulf of Mexico oil spill and will probably not fully recover for years, if not decades.

3 - Decent three bedroom homes in the city of Detroit can be bought for $10,000, but no one wants to buy them.

2 - A massive "second wave" of adjustable rate mortgages is scheduled to reset over the next two to three years.  If this second wave is anything like the first wave, the U.S. housing market is about to be absolutely crushed.

1 - The bottom 40 percent of all income earners in the United States now collectively own less than 1 percent of the nation’s wealth.  But of course many on Wall Street and in the government would argue that there is nothing wrong with an economy where nearly half the people are dividing up 1 percent of the benefits.

The Beginning Of The End by Michael T. Snyder

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  • Paul

    That is terrible what the last fact states. The American dream is now official dead, even though you could say it died a long time ago.

  • http://donusa.blogspot.com Don

    These facts are the facts, and only the delusional sheeple or other brain-dead Americans believe that all is well, and that the economy is strong and/or recovering.

    Another excellent article which backs up all of the facts in this one, can be found at http://tinyurl.com/28xn6nq

    Readers should visit this blog regularly for details on what is really happening.

    For lots of other regularly updated news against the globalist agenda, you can also visit my blog Wake Up America !!! at http://DonUSA.blogspot.com

  • Steve

    The American dream died when President Lincoln signed what is now known as the National Bankers Act of 1865. Forty one days after his re-election and having second thoughts on having signed this legislation, he was going to repeal the Act. One problem, John Wilkes Booth made sure that didn’t happen.

  • Mike`

    Economy’s finished. It’s like a dinosaur….it’s dead, but the nerves haven’t transmitted that fact yet.

    We should never have let the manufacturing base go, now virtually all that is left is service sector and the financial sectors, the latter of which seems only to shuffle paper, and most of that worthless.

    We’re done. Let’s hope something better comes out of it(though I’ve got my doubts).

    Be prepared for anything.

  • SilverMoon

    It’s all gloom. I was just wondering if there was any good news?

    My only suggestion is to buy canned food now, at 2010 prices so that you can eat them in 2012 (expiration date) & not have pay the inflation over the next 2years because it’s going to kick in sooner or later.

  • Anne

    Tick-tick, it won’t be long. Time to make sure we’ve got food and water for our families. I am watching from Canada with fiendish glee the demise of my homeland, the once-great USA; only trouble is, that monster will take the rest of the world down with it. Add “decline of morals” to the mix and – boom!

  • Jeff

    What do ya expect when 90% of the US population are a bunch idiots that only care about themselves, MTV, dancing with the stars, and driving a SUV. I remember back in the 80′s, one could go to the store, and most of everyone in the store seemed pretty well mannered and well kept. I was at the store yesterday, and saw nothing but loud obnoxious white trash. These are the degenerates of our time that believe everything the television tells them. If the television tells them to go reproduce and have babies on welfare, then they will do that. If the TV tells girls to date losers gangster scum, then they will do that. If the TV tells them that forced diversity is great and if you don’t like it then you are a racist, then they believe it. If the TV tells them to vote for obama, then they follow with what they are told. If the TV shows paris and Kim K., then all the females in America adopt their morals. If the TV and tabloids makes divorce seem widely accepted and cool, then lots of women file for divorce on their husbands. America was once great. But the people living in it today are worthless scum with no morals and no Christian values. America deserves to fall and I hope every worthless narcisistic piece of white trash around starves in the streets. That’s what they get for caring more about who’s in People magazine rather than who is in the white house.

  • http://jeffchristen-mitchell.com/ Jeff Christen-Mitchell

    - American Presidents, the last hundred years, have either warned us of American Fascism or made it the reality it now is

  • Pat

    The US was better off when we had hundreds of useless military bases at the edge of most cities.

    Now that we closed our bases here and have hundreds of real military bases overseas, we’re BROKE.

  • http://www.unknown-creatures.com RWBenjamin

    This part I know as a fact: “The bottom 40 percent of all income earners in the United States now collectively own less than 1 percent of the nation’s wealth.”

    In 2009 I left my job of 30 years, I started there in 1978 and worked until April 2009. I worked at this same place all them years and always worked as a full time worker. When I left in 2009 because I was just tired of it, I was making $12.14 per hour… I lived check to check, even after working full time 30 years…. I never knew there was an American Dream for a natural born American Citizen! The American Dream id for the illegal aliens and the aliens that do become citizens. They are provided with college programs at cut rates. Social Security, Disability, welfare, Food Stamps, rental help….. yes, there is an American Dream, if your not a natural born American Citizen.

  • microserf

    I agree, I’m not an economist but I ain’t no dummy either. The world is built on a giant pyramid scheme. I give it 5 years max. before there is a forced paradigm shift due to the collapse of the world economy and way of life.

  • http://rense.com ED

    Internationalists such as CFR,Tri-lateral,World Bank,Rockefeller foundation etc are some of the major traitors involved.A weakened USA is much more likely to give control of country to UN and there masters.

  • Franz

    Good article except I am confused about the “We have squandered…” WE?

    The Bankers, sure. Government, yes. Corporate traitors who both offshored work and hired millions of illegals, definitely.

    But that’s not WE. That’s the perps.

    When the REST of the country gets angry enough, the perps can be erased in about two days. Maybe three. Force them out of office, pull their charters, cancel their licenses to steal and limit them to the rottenest scutwork in the economy thier crimes helped create.

    Simple solution, the perps. And after that, WE WHO SQUANDERED NOTHING can get back to work and clean up the mess they made.

    First order of business: Repudiate the “national” debt. That debt belongs to the perps, it did nothing for the rest of us.

  • http://www.new-holistic-medicine.com/ stephen

    If we do not get rid of the Fed, reinstate Glass/Steagall and a national bank then there is no course but to enter into a long term dark age similar to that of the 1300′s. The entire financial system is finished.

  • Freedom61

    The solution to all of these problems is local. Instead of waiting for the federal calvary to arrive, we need to organize our local and state governments to be able to adjust to these situations.

    America has a lot of smart people residing inside it. I’m certain we can solve these problems-when we take the opportunity to do.

  • 3rd worlder

    The welfare state killed Rome. The welfare state killed Europe. And now, the welfare state has killed America. Rand Paul was right when he hinted problems with the Civil Rights act. Imagine what would of happened if he told the truth. It’s the welfare state of 1964 that destroyed America.

  • http://rense Cuda

    On top of all the things stated, what was not mentinoed is the millions of illegal alien invaders, balkanizing our country AND scavenging any blue collar job not nailed down. All while the contractors cry we don’t want those jobs, when the truth be told, they fired us, for the illegals, and will never hire another American if they can help it. That’s that redneck republican contractor in construction, just ask any American construction worker if you don’t know. America needs a revolution.

  • Gulf Captain

    Scared people do funny things. First they emotionally ignore or deny the glaringly obvious that is right before there eyes because the sheer gross reality of it all is too frightening and since most people have a soul, they deep down know that if they know too much about the situation, they may have to do something about it and secretly fear the Government while at the same time say we live in a “free” country. By kidding themselves they allow themselves to emotionally handle another day where the evidence relentlessly mounts against their best hopes. Take my advice, don’t expect to be welcome when you tell your friends and family what is really going on. The reaction is generally anger, ridicule, and denial. I am moving to Belize……Good luck bailing out the USSR garbage skow “O’bummer”

  • ToldYa

    Gee, I wonder why we are not hearing of this on the major network news? Every day AP and other “news” sources are claiming how much better the economy is improving.

  • http://msn.com BUTCH

    THE CIVILIZATION WE NOW LIVE IN IS A TOTAL LIE!! EVERY ASPECT OF GOVERNMENT IS COLLAPSING BEFORE OUR EYES.GREAT VIOLENCE AND CIVIL DISRUPTION IS ON THE NEAR HORIZON!THE BODY RULES THE HEADS OF STATE.WHAT IS A HEAD WITHOUT A BODY TO SUPPORT IT?

  • Ragnarok

    It’s called the american dream because you need to be asleep to believe it

  • James de Juste II

    Later this year, 2010, there is projected to be the BIG crash and the start of the mother of all depressions.

    You are advised to be liquid starting now. Have cash on hand, not in the bank, buy some gold and silver now while it is still relatively cheap, (for it will be going parabolic).

    Keep minimum balance in bank as there may have to be a bank holiday and you wont have access to your dough.

    Have some food storage. Survival will be the name of the game. Do not spend unnecessarily; save instead, like the Japanese do.

    In your spare time NOW, learn new tradable or barterable skills, like how to repair things. It makes no difference if you have a PHD in Sanskrit from Harvard, get practical. Start to accumulate a kit-of-parts that will help you in a possible survival trade.

  • Cat Callahan

    And I just read another article on how great things were! But for who? Are they trying to trick us out of our last pennies and then kill us? That is EXACTLY what Wall Street wants-maybe we should turn-turtle on them first? During the Depressions of the past, bankers were taken out and hanged. Perhaps we are being too ‘decent.’?????

  • Colin

    I was in the 40% that shared 1%. Untill I decided to be in the top 10% of my feild. I studied, learned, sacrificed and got there. Now I dont have to work. Although I agree things are not good, The individual if motivated enough can suceed in any environment.

  • rich

    The American people got what they deserve when they believe everything the government said.Smart ones have already moved to Asia.

  • day in day out

    There really is no mystery behind these facts … the US is irredeemable and as Freud prophesied over a century ago:

    “America is a mistake, a colossal mistake!”

    The colossal crimes of the US will never be fully accounted for, nor will the future generations be able to save its terminal demise.

    Forget about your beloved US. The world prays for its collapse and disintegration everyday.

  • John Hendricks

    Actually, the situation is even worse. The US is about to go to war with the most of the world and the answer to all this, according to the politicians, is RAISE TAXES on the citizens still standing.

  • http://rightspokenhere.blogspot.com/ THE RIGHT SITE

    Cat, they do want your last penny. Movie Theaters, Cable companies, Booze houses, Panaceas all. James is right.

    If you can, put dollars aside, but not many. Whatever you can afford to lose. In a hyper-inflationary environment, they will be worthless.

    Hard assets are best, trade goods, food, silver or gold.

    This is not going to be a slow burn. I believe it will happen fast, in a heartbeat. Something will trigger the total collapse.

    No fun will be had.

    THE RIGHT SITE

  • rrr

    I agree with Franz. I didn’t do it either.

  • EDWARD

    It’s not an oil “spill.” A “spill” is when a ship is holed and its contents spill out. A container is knocked over and the contents are spilled. A spill is a one time, short duration event.

    This is a gushing volcano of poisonous chemicals with no end in sight. It only takes one quart of motor oil to contaminate two hundred and fifty thousand gallons of sea water to threaten marine life.

    How long before the volcanic flow (millions of gallons a day – times four)threatens all the oceans? This oil volcano is not a straw over the camel’s back…it is a logging truck full of heavy timber.

    This disaster should be number one on your list!!

  • el magnifico

    You got that right Gulf Captain. I ranted and raved like a madman at the very obvious crimes that really started with 911. The more you squawk the deeper their heads go into the sand until YOU are the one that looks crazy. Well, I moved to Mexico three months ago to distance myself from the insanity of the US. The gringos better wake up before someone steals the bed right out from under their sheeplike asses. Go to Belize or wherever you choose and don’t let one penny of your tax money go to the aggression which is the US war machine.

    But I will not be quiet. Those that do will get what coming to those that don’t stand up NOW!

  • TOM

    It is true gold and silver will go parabolic. But don’t forget that before that
    happens, it will actually drop in price quite a bit when the stock markets crashes
    in the fall (2010). Once everyone jumps out of the DOW, etc, they will then jump
    into gold and THEN it will go parabolic. Save some cash for when that happens,
    although you should be buying some every pay day RIGHT NOW! (fools)

  • http://www.instituteofsocialsurvivalism.org/ Casey Zander

    Social Survivalism is the only thing that can put the USA back on its feet. http://tinyurl.com/2am6ebn

  • pete

    Things are getting better. Hope and Change have arrived. Obama is the best thing that has ever happened to the US. He is on a roll. He is the hero to millions. We should remove term limits and let him rule for decades. What wrong with you people? Can’t ou see the good he has brought?

  • frydaddy

    To the author of this article….. What is this “WE” stuff you babble about?

  • Chickenlegs

    Well Pete, on the sarcasm scale 1-10, I give you a 9. Congrats!

  • Cynical Optimist

    Wow!! Great article and a lot of excellent comments made above…:)

    In a world full of ignorance… atleast some of us see the logic in what’s really going on in the world. Appearantly we all decided to take the red pill…

    Morpheus contacts Neo just as the machines (posing as sinister ‘agents’) are trying to keep Neo from finding out any more. When Morpheus and Neo meet, Morpheus offers Neo two pills. The red pill will answer the question “what is the Matrix?” (by removing him from it) and the blue pill simply for life to carry on as before. As Neo reaches for the red pill Morpheus warns Neo “Remember, all I’m offering is the truth. Nothing more.”

    Sometimes I wish I had taken the blue pill…

    live free… die hard…

  • Steve

    I think the article forgot that besides the debt we have poisioned the earth and stripped it of resources and media blaming the consumer for lackluster spending. Take out any morals and fill the streets with criminals. Its an epidemic of stupidity. Disconnected political leaders failed to vote based on the moral majority. So sorry …. the conclusion is its too late…..Good Bye… It was fun while it lasted…

  • Matt

    Most people have no clue what is going on, which is the way its been throughout human history. They don’t care as long as they aren’t suffering. Now that the personal suffering has begun, they will start to care. Just the way it is. There will be some sort of revolution next generation, just hope its not a bloody one.

  • Bobber

    Pete, at 5:13AM, your post was hilarious! I hope everyone caught the sarcasm.

  • http://www.digitaluniverse.net/MonSanc/ William Blight

    We in Montana agree with the majority of posts here; however, a number of us are beginning to develop a contingency plan called the “Montana Sanctuary”. No doubt we are headed for a new Dark Ages, but civilization survived and emerged from that age. Church monasteries assisted in saving civilization. If you are interested in a plan not only for survival, but emergence, go to our site.

  • http://www.watchman2009.blogspot.com Cliff Hilbert

    Friday, August 14, 2009
    The Eye of the Storm
    August 14, 2009

    Right now we are in the rather calm eye of the storm. But the worst damage comes after the eye passes and the winds come from the other direction. The first winds of this storm weakened the economic structure in this country, but they didn’t destroy it. At this date, there is a relative calm in the economy of this country – it seems to have stabilized and the stock market has rallied. Our politicians and newspapers are declaring that the recession is over and there will be good times ahead. DON’T BELIEVE THEM!!!!

    This is just the calm in the eye of the storm. The winds are about to hit us from another direction and they will completely destroy the economy of this country. It is coming very, very quickly. Be prepared to live on virtually nothing. Be prepared to live without many of the conveniences you have today. Be prepared for exhorbitant price increases on everything from food, to electricity, to gasoline, to clothes, to just about anything you buy. Hyperinflation is coming very, very quickly.

    You must learn to do with much less than you have today. Energy prices will skyrocket to unbelieveable levels and many of you will not be able to afford to air-condition or heat your homes. Gasoline prices will be higher than anyone could ever have predicted, be prepared to drive only for essential errands. Food prices will skyrocket and you will be able to afford only the basic necessities. Salaries WILL NOT rise accordingly. Cut back on your expenses and save as much money as you can.

    I can’t tell you how dire this warning is! It is from the Lord. When I woke up this morning I had no idea that I would be writing this today. But I read something in this morning’s Dallas Morning News Business section where the reporter asked the question “Are we in the eye of the storm?” Then the Lord put this message upon my heart.

    What should you do? I don’t give blanket advice except to tell you to spend more time in prayer and fasting, asking the Lord what He wants you specifically to do. His direction will be different for different people. I do believe that many families and friends will be living together to try to conserve money and resources. I do believe that it is time to begin planting your own vegetable gardens. I do believe that it is time you learned to ride bikes again. I KNOW that it is time to get your prayer life in order and make it the most important part of every day. Turn off that idiot box and pray and read the Bible. Seek the Lord while He may be found. The days of darkness are almost upon us.

    http://www.watchman2009.blogspot.com

  • Matt

    Jeff’s comment above is right on. Period! I can’t say it any better!

  • http://thegreatrecessionconspiracy.blogspot.com James Taylor

    There are two points I want to make.
    1) In the 1800′s, a French priest named Alex de Touqueville, came to the U.S. to study this new form of governing, democracy. In 1835, the wrote a book entitled “Democracy in America”. It is so prescient that it is still used as a text book in college. His most pertinent insight was that in a democracy, the people have the power to vote themselves more than there is. A perfect description of our problem today.
    2) Most economic theory is complete crap. For five hundred years, every capitalist country has gone through a cycle of Expansion and Contraction, and the characteristics are consistent every time. However, economists don’t want to admit the existence of the Business Cycle because it doesn’t fit their silly mathematical models. Our basic problem today is that government policies are based on Larry Summer’s crappy theories, instead of actual facts. You can find a concise, easy to understand a description of Business Cycles, and the appropriate government policies, in our book, The Great Recession Conspiracy. You can find it at http://www.scribd.com/doc/16864582/The-Great-Recession-Conspiracy. It is also a Kindle book.

    If this column on the coming collapse is not enough to convince you, take a look at http://thegreatrecessionconspiracy.blogspot.com. I vent my spleen about the government and its inappropriate policies on most days.

  • http://survivalrealestate.com Hank

    This is a great article. The only problem is that the situation is probably worse than stated because they are not factoring in Obama’s attempt to trigger a war in the middle east. Read the article again then think what will happen when the Israeli’s are forced to nuke half of the countries around them to prevent their enemies from completing the plans of Hitler.
    There is still time (maybe)..Check out survivalrealestate.com, remember, the future belongs to the prepared..

  • Not Done Fighting Yet

    Well, kiddies, don’t give up on the USA so soon. What we have scrwed up, we can fix. We just need the government to get out of our way. The BIG government is not the solution, it is the problem. Lazy people who expect something for nothing will either learn to work or they will starve…Period.

    I love America and what she had stood for, but we have become some type of socialistic-fascist nanny state with no drive and no morals. Time to let our Constitution be the Law of the Land again and forget about feel-good policies that make people brainless clones.

    Don’t give up. Instead, make yourselves into the new Jeffersons, Madisons, Washingtons. We need real leaders, not commies in the capitol.

  • Sarge

    Remember, with God, all things are possible. Matthew 11:12 “From John the Baptist until now, the kingdom of heaven suffers violence, and the violent are taking it by force.” (NAB) Prepare well for the difficult times coming and then become the blessings that so many pray for. May God bless and protect you, always.

  • Motomojo

    ‘It is pretty stunning when you just replace the DNA software in a cell and the cell instantly starts reading that new software and starts making a whole new set of proteins, and within a short while all the characteristics of the first species disappear and a new species emerges. That’s a pretty important change in how we approach and think about life.’

    He would not have realized it, but that is one key way the Reptilian geneticists changed the human species, switched off access to most of our brain capacity, the overwhelming majority of our DNA potential (hence the so-called ‘junk’ DNA that appears to have no function), and tuned the body-computer into the Moon Matrix, the Reptilian hive mind.

    They gave the body new ‘software’ (information) to read – ‘you just replace the DNA software in a cell and the cell instantly starts reading that new software and starts making a whole new set of proteins, and within a short while all the characteristics of the first species disappear and a new species emerges.’

    They changed the computer code that the body-computer was reading and thus changed what appeared on the ‘screen’ – the human form.

    Encoding new ‘software – information – changes its holographic expression, or what we call the human body.

  • Jerry Cohen

    I know people selling on the web and just in the last year their sales have fallen 80%. When things cumble it will be a surprise to millions, but it’s exactly what the Communists did in Russia. One day they partied and the next day martial law.

  • Laura

    Jeff: I couldn’t have said that any better!

  • Bill

    This is a nightmare! We will either need a another world war or a innovative industry to jumpstart our economy.

  • Thomas Jefferson

    World Wars aren’t good for an economy, you’ve been misled.

    We need the elimination of taxation, regulations, and corporatism.

    • Pops

      TJ you nailed it. The cost of regualtion alone runs most small companies out of business. !

  • AJ

    I don’t believe for a moment that what has happened to our country is by any stretch an accident. Both political parties have abandoned us. There are so many things occurring at the same time that will effectively weaken our country even more.

    I’m afraid our demise will occur very soon. Unfortunately too many people who support the systematic dismantling of our country never thought to ask “Why are they doing this?” The answer will become known later. But make no mistake there is a REASON for our downfall.

    I agree with many of the people who have suggested to stockpile food for the future. The food will probably be helpful but if you don’t have the means to protect it, the food will only help those who are willing to take it from you. Good Luck

  • AJ

    The oil spill is another example of how far someone will go to bring us down. I doubt seriously if this was an accident. Made to look like one for sure. An event that could take down the entire platform. And they no idea something like that could happen. I don’t believe it for a minute.
    I like the idea of buying gold or silver for a hedge, but the problem is you can’t eat it and getting change may be a problem.
    Our predicament is so convoluted no one entity is responsible and there are many responsible that no one can be blamed for fall.
    The center of our problem is most likely the European Bankers in charge of our Federal reserve. If we can somehow dismantle the Fed we might have a chance. But realistically I believe the die has been set. Good Luck

  • lostinmissouri

    Our country has been taken over by organized crime. Fed reserve, and other TBTF banks are the new Banksters who are stealing us blind.
    Who would of thought that in America, we would sit and watch our Criminal Government toss 200+ years of law and nationalize complete industries, stealing all the shareholders/bondholders monies?
    BHO and his thugs are now going after the oil industry….watch BP american assets be taken.

    GIVE ME BACK OUR CONSTITUTION AND OUR COUNTRY!

  • Doooglas

    Hey. If the Gulf gets declared ” dead” There wont be any problem with drilling permits in the future.
    It’s the Murkin way. Smoke and mirrors.

  • http://windowslive.com GRIPE

    CRASH OF THE CRETINS!

  • http://www.thunderdrake.com/blog/ Aury (Thunderdrake)

    Detroit has certainly become a most terrifying location, to say the least. I’ve been keeping my eyes on that place for some time now… It’s overwhelming, really.

    I keep my eye on anything financial as a whole though. We just got hit with a tax hike in Canada, and that ain’t helping.

    It’s also ironic that banking shares are absolute dog crap right now, and yet the banks own that much in assets.

  • Lawrence

    I think America is GREAT as long as we can use the WORTHLESS Toilet Paper known as the US dollar and exchange it for REAL ****! You are fooling yourself if you think this Ponzi Scheme is going to last very much longer.

    Free Bernie Madoff and put Washington & Wall Street AWAY!

  • Ninja

    When is it going to finally start to free fall? When will the **** finally hit the fan?

  • http://www.worldsalvation.info/ How-to-save-the-world

    @ Bill, world war III cannot be done/won without money: the US will have to import petrol and other resources.

    The innovative technology is not there either.

    USA owes to much money to foreign creditors. What will they do when they will understand USA cannot reimburse?

    Think of what the bank do when you cannot repays your mortgage: your house is repossessed. It is possible that China and other countries will look into seizing US assets, and they will do so when it will be clear USA can’t afford to defend itself anymore.

    We will not have war, we will have colonization.

  • SilverMoon

    Well, this is what we get when we get the government involved. I wish someone could tell me one social program that the govt. has done that was successful.

  • yenor galazio

    You think as a typical american.
    The USA, the SHERIFF of the world can fix it starting a new war.
    Israel as the 51 th state of america, for shure will follow it.
    And the british, american poodle, too
    But believe me, america is crashing. Things are changing. A lot faster than you can imagine.

  • Ross

    Just a note about another World War. We are in this mess while at the same time engaging in two prolonged and expensive wars. These expensive wars did not prevent our financial crisis.

  • http://www.axxiem.com David Lewenz

    The present administration has done everything in its power to push this nation into a second recession. Business leaders have one thought on their mind, how to maintain profitability while reducing cost and doing more with less. Not only do we have a deer in the headlights syndrome, with business leaders, but a nation that is dependent on consumer spending for a recovery. The vast wealth lost in housing, job losses, and the stock market; have most Americans asking themselves we too need to do with less not more.

    With IRS tax collections down almost 20 this year vs last year, the amount of money that will be borrowed will pass 2 trillion dollars this year alone. What we face is a nation that is on the ropes, with a marginal hope of a turnaround. I believe a second half downturn is in the cards, and the effect will not be welcomed on Wall Street.

    We have an administration that is hell bent on destroying this nation and the effect may come true by 2012. The ability to turn our economic conditions is totally dependent on major tax and spending changes from this administration, that happening is unlikely. As I tell many just look at Michigan, to see the future of this nation. Michigan economic conditions started to erode in 2005 and have been ahead of the country by two years since 2005.

  • bill h

    well lot of readers wont like or understand what is going on with America an the Economic trouble. The world is going through a change to a one world goverment. This is what Jesus Christ has shown in the Bible starting in revolation. Looking at this in a world event the U.S.A must collapse along with other goverments what going on now in the goverment of America and economy is part of the process. If one look at what the head goverment leaders of America are doing is nothing just spend increase taxes. in the history of the U.S. it took 200 years reach 1 trillion dollars and now just recently went to 13 trillion dollars. I dont think any person can stop Gods judgement to us an the world. if the leaders of the U.S. would or desire to make this country strong agian they need to make major changes in they way they run this country quit dragging us down by serving their own selfish gready desires. ( republicans and democrats). Jesus Is about to come very soon just like in Noahs days. in short to all the major details of the problems in the world today this is whats happening. ps seek the truth it comes by Jesus and the Bible.

  • Tony

    Funny. Keep in mind people this ALL revolves around oil. We hit “peak oil” sometime in the mid 70s, which means we are now running out. We are losing oil production at a rate of 9% every year. And when EVERYTHING you use depends on oil, you get a global collapse.

    If you look at human population numbers, the global population sky rocketed with the turn of the 20th century, which yet again, means that oil is the reason for our current numbers. Soon things will return to a more, “balanced” state. A sustainable human population.
    YAAAAY fun.. -_-’

  • roger tiffer

    this culture cannot progress & successful in the modern world
    1-they dont know how to save & invest
    2-laid back & lazy(not hard working)
    3-too many laws to destroy small & large businesses cant compete with other third world countries
    4-every where is lawsuits,every one is try to rip other person to get free money
    5-lawyers are biggest conspirators,encouraging to sue innocent people
    6-too much freedom,drugs,tv’s internet for abuse
    7-don’t believe in religion & principals
    8-allowed nudity,short clothes,expose breast, what you expect to corrupt human mind in a name of fashion
    9-people are eating too much junk food ,pizza & poisonous sodas do you know what it does to you
    10-doctors are writing unnecessary tablets to earn cruises as bonus
    11-no justice in legal system 95% percent forced in to pleas
    its lot more may be some other time i will write

  • Debbie

    I’m sure alot of people saw this all coming true a long time ago. I did in the 1970s. The companies followed the baby boomers from the day we were born until old age. They made alot of money off of us and when we became adults we were very hard working. They continued making money off us until we got old. Now we are a burden. They desided to just ship when we might need help in our later years. They had this planned along time ago. I see the relaxed foresight of our government such as over population, cutting down forest and tearing and destroying out environment,for housing, etc. What for? PROFIT, that’s all they care about, control and money. Politicans have created a monster that no one can stop. One world government is the agenda. That is why the top 1% does not want to be taxed because they will be ruling the world soon. I just fell very sorry for the children, let’s all pray for them.

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