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This Is About As Good As Things Are Going To Get For The Middle Class – And It’s Not That Good

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Depressed - Public DomainThe U.S. economy has had six full years to bounce back since the financial collapse of 2008, and it simply has not happened.  Median household income has declined substantially since then, total household wealth for middle class families is way down, the percentage of the population that is employed is still about where it was at the end of the last recession, and the number of Americans that are dependent on the government has absolutely exploded.  Even those that claim that the economy is “recovering” admit that we are not even close to where we used to be economically.  Many hope that someday we will eventually get back to that level, but the truth is that this is about as good as things are ever going to get for the middle class.  And we should enjoy this period of relative stability while we still can, because when the next great financial crisis strikes things are going to fall apart very rapidly.

The U.S. Census Bureau has just released some brand new numbers, and they are quite sobering.  For example, after accounting for inflation median household income in the United States has declined a total of 8 percent from where it was back in 2007.

That means that middle class families have significantly less purchasing power than they did just prior to the last major financial crisis.

And one research firm is projecting that it is going to take until 2019 for median household income to return to the level that we witnessed in 2007…

For everybody wondering why the economic recovery feels like a recession, here’s the answer: We’re still at least five years away from regaining everything lost during the 2007-2009 downturn.

Forecasting firm IHS Global Insight predicts that real median household income — perhaps the best proxy for middle-class living standards — won’t reach the prior peak from 2007 until 2019. Since the numbers are adjusted for inflation, that means the typical family will wait 12 years until their purchasing power is as strong as it was before the recession. That would be the longest period of stagnation, by far, since the Great Depression of the 1930s.

Of course that projection assumes that the economy will continue to “recover”, which is a very questionable assumption at best.

Meanwhile, total household wealth has been declining for middle class families as well.

According to the New York Times, the “typical American household” is now worth 36 percent less than it was worth a decade ago.

That is a pretty substantial drop.  But you never hear our politicians (especially the Democrats) bring up numbers like that because they want us to feel good about things.

So why is all of this happening?

The biggest reason why the middle class is struggling so much is the lack of good jobs.

As the chart posted below demonstrates, the percentage of the working age population that is actually employed is still way, way below where it was prior to the last recession…

Employment Population Ratio

The “employment recovery” (the tiny little bump at the end of the chart) has been so miniscule that it is hardly even worth mentioning.

At the moment, we still have 1.4 million fewer full-time jobs than we did in 2008 even though more than 100,000 people are added to the U.S. population each month.

And a lot of the workers that have lost jobs since the start of the last recession have never been able to find a new one.

According to a brand new survey conducted by Rutgers University, more than 20 percent of all workers that have been laid off in the past five years still have not found a new job.

Meanwhile, the control freak bureaucrats that run this country continue to kill off small businesses.

In recent years we have seen large numbers of small businesses fail, and at this point the rate of small business ownership in the United States is at an all-time low.

As a result of everything that you have just read, the middle class is shrinking and dependence on the government is soaring.

Today, there are 49 million Americans that are dealing with food insecurity, and Americans received more than 2 trillion dollars in benefits from the federal government last year alone.

For many more statistics just like this, please see my previous article entitled “30 stats to show to anyone that does not believe the middle class is being destroyed“.

Without a doubt, things are not that good for the middle class in America these days.

Unfortunately, the next great wave of financial trouble is rapidly approaching, and once it strikes things are going to get substantially worse for the middle class.

Yes, the stock market set record high after record high this summer.  But what we have observed is classic bubble behavior.  So many of the exact same patterns that occurred just prior to previous stock market crashes are happening once again.

And it is interesting to note that September 22nd has marked important market peaks at various times throughout history…

For traders, September 22 is one of those days with a notorious history. UBS’s Art Cashin notes that September 22 marked various market highs in 1873, 1929, 1980, and even as recent as 2008.

Could the coming months be the beginning of the next major stock market decline?

Small-cap stocks are already starting to show signs of real weakness.  In fact, the Russell 2000 just hit a “death cross” for the first time in more than 2 years

The Russell 2000 has been diverging from the broader market over the last several weeks, and now technicians point out it has flashed a bearish signal. For the first time in more than two years, the small-cap index has hit a so-called death cross.

A death cross occurs when a nearer-term 50-day moving average falls below a longer-term, 200-day moving average. Technicians argue that a death cross can be a bearish sign.

None of us knows what the market is going to do tomorrow, but a lot of the “smart money” is getting out of the market right now while the getting is good.

So where is the “smart money” putting their assets?

In a previous article, I discussed how sales of gold bars to wealthy clients is way up so far this year.

And CNBC has just reported that the ultra-wealthy “are holding mountains of cash” right now…

Billionaires are holding mountains of cash, offering the latest sign that the ultra-wealthy are nervous about putting more money into today’s markets.

According to the new Billionaire Census from Wealth-X and UBS, the world’s billionaires are holding an average of $600 million in cash each—greater than the gross domestic product of Dominica.

Why are they doing this?

Are they concerned about the potential of a market crash?

And if we do see another market crash like we witnessed back in 2008, what is that going to mean for the rest of us?

2008 certainly did not destroy our economy.

But it did cause an immense amount of damage that we have never recovered from.

Now the next wave is approaching, and most people don’t even see it coming.

  • GSOB

    ISIS will cost all of us.

    • knowyealso

      No. We’ll give them our ‘women’ under the condition that they cannot return them. Then there will be much rejoicing in the land and the trees will once again burst forth with fruit.

  • CynicalGuy42

    Even with all this people will still try to feed you that BS about Obama’s economic policies being a wild success. Not letting Republicans off the hook but they’ve not had the presidency for what’ll be 6 years.

    • Malfador

      Supporters from both parties will continue fight amongst themselves. Meanwhile the government will do as it pleases and rake us over the coals.

  • Bill

    This may sound like the same ole same ole but someday soon we will be saying this was the last “of the good ole days”.

    • Richard

      There is a “Light” at the end of the tunnel though. No. It is Not the light of economic “Recovery”. May God help us all. It the light of a runaway freight train called economic “Collapse”. This train is due to arrive around September 22, 2015. Plan, Prepare and PRAY.

      • liberalsaretotalexcrementnewol


      • Guest

        What’s the significance of that date? Or is it just pulled out of thin air?

        • Richard

          It’s the Due Date of the next 7 year cycle (Down).

          • Guest

            From what source? Just curious why you say the 22nd and not some other date

          • Richard

            Read above in this article. Sep 22nd is historically a down day. It has to do with the Occult. The Rothschilds who Control all the world financial markets are Occultist. and use Occult numerology. They do their demonic deeds on those occult days.

          • K2

            It depends on whether they want the next prez to be democratic or republican. If they want a democrat again, they will crash it after the prez elections, and if they want a repub prez, they will crash it before the elections.

  • VegasBob

    If the government admits that inflation-adjusted median household income has declined by 8% using its falsified inflation figures, you can be sure that the decline is more than double that, or at least 16%, and maybe even 20%.

    And if you exclude the super-wealthy 1% who’ve reaped 95% of the income gains of the last 6 years courtesy of various Federal Reserve-inspired flimflams, you’re probably looking at more like a 30% decline in inflation-adjusted median income…

    This Ponzi economy benefits only those who are already very wealthy.

    • seth datta


      • JacqFlint

        I seriously doubt it.

  • K

    We will never fully recover. As long as greed, is looked on as a good thing, or at least an acceptable thing. What can change? As long as corruption in high places, is looked on, as a normal everyday occurrence. What can change? When bad is good, and good is bad. No recovery is possible. When the people no longer even know, what direction they should go in. Well if you know your history, you know where that ends up..

    • Occupy Wall Street

      I blame Corporate Greed!

      politifake. or g /image/political/1203/unemployable-employment-recession-punks-occupy-politics-1333142411. jp eg

  • Guest

    It’s not hard to see why the price of gasoline is dropping: Election Day is approaching. They (The Powers That Be) did this two years ago before Obama was reelected. Remember? They have more control over the markets than we may think.

  • Wally

    2 Examples on how the Government is killing small business here in California.

    On the Mike Slater show from San Diego today he had a very interesting guest on. An owner of a small winery that has to close and is out of business at the end of the year. Why, you ask? The place was small and couldn’t afford to pay full time employees but a few friends and family were helping out out of the goodness of their heart. What do the bureaucrats do? They are fining them and saying it is illegal for any business to have employees that are not paid…Non-Profits and the Government are the only exceptions. The place has to close because it cannot be profitable with having to pay employees. The California Government is broke and in their thinking, it is better to fine and close businesses down then to collect some taxes instead of payroll taxes they will never get anyway from employees that will never be hired.

    Take the case of Drakes Oysters another California business who has been fighting with the feds for 10 years over the claim their boats were too close to seal breeding grounds which a professor who was brought in to testify before a federal hearing said the boats posed no threat to the seals. The government won and it wasn’t about the seals at all it was the fact that oysters purify the water??? Yea, so how does that tie into this story? It was the area cattle ranchers whose cow refuse would flow into the ocean killing the seal life plus methane gas emitted by the cows is a big part of what the climate change freaks are after.

    • liberalsaretotalexcrementnewol

      more evidence that liberalism is beneath excrement

      • Nexusfast123

        Stupid comment. Does not matter who is in power in the US. Both parties have the same core policies. A vote is meaningless.

        • Priszilla

          America has 31 political parties, not just 2.

        • Syrin

          No, you are completely and utterly wrong. LIBERALISM is the problem, and liberals have taken over both political parties, academia, the media and the judiciary. Stop being an intellectual sloth, use some critical reading and thinking skills, and stop being part of the problem.

          • Libs=Garbage

            EXACTLY Syrin! Liberalism is an (idiotic) way of thinking, NOT a political party!! And yes They have a HUGE part in killing this country!

  • James Rogers

    I have given up any hope of having a life worth living. There is no recovery. The quality of jobs in the u. S. Is bad and has been since the early 80’s. The unions have been busted, the breadwinner jobs have been shipped to China. . The past two presidents have been dumbasses who have ruined this country. Obama and Bush are vile pieces of crap who only care about the rich. Tens of millions of boomers will never be able. To retire and if they do the will live in poverty. Tens of millions of under 40’s. Can’t start families or have a middle class life. The American dream is dead. Vote for R or D. . It doesn’t matter. They are the same. . A college degree won’t get you a middle class job anymore and hasn’t for 10-15 years. . There is a special place win hell for these rich scumbags

    • Nella Rogers

      There is only one answer and that is to believe on Yeshua of Nazareth (AKA Jesus Christ) that he is who he said he is and be saved.
      5Trust in theLord with all thine heart; and lean not unto thine own understanding.
      6In all thy ways acknowledge him, and he shall direct thy paths.
      7Be not wise in thine own eyes: fear the Lord, and depart from evil.
      8It shall be health to thy navel, and marrow to thy bones.
      9Honour the Lord with thy substance, and with the firstfruits of all thine increase:
      10So shall thy barns be filled with plenty, and thy presses shall burst out with new wine. Proverbs 3:5-10

      • Rob W

        I’m sure he believed it himself…

        “But I tell you truly, there are some standing here who will not taste death before they see the kingdom of God.”

        • Richard

          Three of them Did see “the kingdom of God” before their physical death – Peter, James and John. Please read Mathew 17:1-13 and learn about the time where the Lord Jesus was transfigured, along with the appearance of Moses and Elijah on the mountain top. Most people do not Know what the Holy Bible says, Hence their ignorance.

          • Rob W

            You really gotta twist it around to make it seem like it makes sense. I was never given faith although I prayed for it. It was like talking to an empty phone line, for years. So, either there is no god (my belief), or I was pre-destined to burn in hell. I don’t really care for the judeo christian god anyway, and am much happier since I admitted the truth to myself.

          • Richard

            No. Did you read Mat 17: 1-13? Tim pointed out that one verse before Your original quote of Jesus is in Mat16:28 is where you got that from. So, read Mat.16:28 then Mathew 17:1-13 and let the Word of God simply speak. Look up the definition of some of the words to be sure you have the correct meaning. Moses and Elijah lived hundreds of years before this mountain top encounter (they have been in heaven for thousands of years today) and the Lord Jesus is transfigured to reveal a portion of the glory HE now has in heaven. Of course, HE can only reveal a bit of HIS glory, otherwise any mortal man would DIE instantly. HE is Almighty God. Rob just simply take HIM at HIS word – that’s all HE asks of us. God bless.

          • Rob W

            Meh. LOL

          • Richard

            Ask the Lord Jesus to give You faith Rob. HE will. HE will give You faith to believe HIM at HIS word – simply take HIS word as the pure Truth. That is what HIS word is – pure Truth.

          • Rob W

            Thanks, but I’m happy with my current situation. Perhaps you could join reality? J/K, don’t bother to reply, you will not change my position, I assure you.

          • Tim


            One thing that has helped me in my study of the Scriptures is remembering that chapters and verses were added by the translators. I don’t think it was a good idea to put a chapter break between Matthew 16:28 and 17:1.

          • Richard

            True. That’s just part of study. Bible study takes time and is Work. Many don’t want to put in either – just want somebody to tell them what it says and that is Dangerous, because they may not be telling it correctly. God bless.

          • Tim

            “Bible study takes time and is Work.”

            Absolutely. I’ve been studying the scriptures for 19 years, and there are still many portions of scripture that I don’t understand.

            If you do much reading you know that there are many conflicting views of bible prophecy. It’s mind-boggling.

          • Richard

            We Never understand it all. The written Word is the living Word (Jesus) in print. We never know all of our infinite, omnipotent, omniscient and omnipresent God. We will spend all of eternity marveling at His glory and His wonders HE will reveal to us continually. Prophecy is the toughest of all studies and really takes much prayer for the Lord to reveal His truth.

          • GSOB

            John Calvin writes

            “Till the Lord opens them, the eyes of our heart are blind.

            Till the Spirit has become our instructor, all that we know is folly and ignorance.

            Till the Spirit of God has made it known to us by a secret revelation, the knowledge of our divine calling exceeds the capacity of our own minds.”

            R.C. Sproul says:

            “At regeneration, the Holy Spirit opens our eyes so that we can see who God is and who we are for the very first time. But after conversion, He continues to work to give us insight into His revealed Word and to deepen our personal relationship with Him.”


            Ephesians 1:17

            (This is how the Lord builds his body the church)

          • knowyealso

            Be that as it may, all agree that it is coming to life as we speak.

          • GSOB

            Prophecy – as in eschatology – is summed up as the Revelation of Jesus Christ.

            Revelation 19:10

      • III

        “Trust in theLord with all thine heart; and lean not unto thine own understanding.”
        That is what you have been doing in the last few decades.
        Some choose Progress and others choose the Bible but the practice remains the same, trust in some mystical forces to fix things for yourself.
        Have faith and above all don´t think on your own, especially using critical thinking! Surrender your reason and ignore your worlds problems and they will be go away.
        How exactly have that been working? What have been the fruits of collective apathy and ignorance? Have the end of wicked people come yet? No, the most wicked of them all have only been allowed to become more and more powerfull.

        John Galt and John Doe.

    • Priszilla

      Vote for green or communist instead? America has 31 political parties!

      To live a life you need to open your eyes and live YOUR life. Not just copy someone else’s.

    • Orange Jean

      It sounds like you are depressed and going through a hard time… believe me, I’ve been there, done that and it sucks. Don’t believe me? Well 45 years ago I was living in a 5’x5′ tent with an infant I had to raise by myself. We are both doing a lot better today, in part because I am stubborn enough I wouldn’t give up.

      Because .. a “life worth living” is something each and every one of us has to figure out how to create ourselves. If you focus only on the things money can buy… I don’t believe you’ll never be truly happy. Going for the “pity party” isn’t going to do it…. and focusing on envying what someone else has isn’t going to do it either.

      I can recommend starting with something small that you can achieve… even something as small as doing some little but kind thing for another person. Let the guy who’s trying to pass you… go ahead, even if you had the right of way. Offer to help someone struggling with a heavy bag. BE a better person, no matter what.

      Or do something little for yourself… wash those dishes you’d rather let “soak” in the sink. Sweep off your stoop. Plant a marigold seed in a pot. Etc. etc. etc.

      The small things eventually add up. You have no idea today what tomorrow will bring. You might be one of the lucky one’s who meets the love of your life.

      • Dan Hanner

        Outstanding post!

        • Orange Jean

          Thank you!

      • Firstgarden

        I float along on a Zoloft cloud, and everything is beautiful…. not.

      • Roark

        Thing is 45 years ago is a long time and a single parent (for example)
        could pick themselves up by their bootstraps. This is a very different
        world we live in today. Easy for someone who lived 45 years ago to tell
        someone today to just have a better attitude.

        Nothing wrong
        with doing something nice or planting a flower but these acts in the
        economy we have today won’t lead to employment.

        an old saying I think Alex has quoted. “Behind every huge fortune is
        an equally huge crime.” I’m paraphrasing, of course.

        the elites like Queen Elizabeth have made their vast fortunes through
        their drug dealing (Opium) and money laundering. To wit, their money is
        hardly earned.

        There needs to be some sort of reset
        with the economic system, but instead I think we’ll have some kind of
        “natural” reset be it truly from nature, or caused intentionally by the
        Bilderberg freaks.

        • Orange Jean

          I’m not intending to be argumentative here, but I am well aware this is a very different world today.

          Also I suffered from depression and bad attitude myself for years and it was not until I was able to change myself and my negative attitude that I was able to change my life for the better.

          But no, it wasn’t by any stretch of the imagination easy for a single
          parent to pick themselves up by their bootstraps then any more than it
          is today. Some people who weren’t there think that just because jobs were more plentiful back when… it was easy to get your life started. I agree it was easier to find work… but to give you a more realistic idea of those times… my first job (part time after school) paid $1.25 an hour, hospital kitchen. All the jobs I had until maybe 10 years later were minimum wage jobs and that was a lot less then. Yes, cost of living was also lower and yes minimum wage jobs may have been easier to get then… but it was still very hard to get a job that paid enough to live on, even back then.

          • Lugh

            The Elite who sold us out love it when people blame themselves for not being able to find a job. Absolutely love it. But a Gentleman does not turn the other cheek on questions like this – he seeks satisfaction. And that means Justice. And Justice probably means the extension of policy by other means at this point.

        • James Rogers

          Yes orange Jean is old economy Steve.

        • sandra schmidt

          I didn’t know this was a commie news site. Perhaps you should learn some new skills.

        • muldoon55 .

          There will be a reset when The Soveriegn of the universe intervenes by means of his warrior king Jesus Christ and myriads of soldier angels.Then by force will conclude the 6000+ year experiment of human rule which has demonstrated beyond all doubt the total inability of humans to govern themselves. There is no other solution to the problem other than divine extermination.
          Seek the God of Abraham,Isaac and Jacob now while he can still be found. After the removal of the vermin who rule now and the imbecile populace that prefer and support them, those left standing on this earth will enjoy the blessings of a government that really cares about them.Just look at Jesus’ life and you’ll see what kind of a compassionate impartial ruler he will be as King of God’s Kingdom.Even now we can be liberated from economic despair by putting our trust in God to care for our essentials(Matthew 6:33)
          Stop trusting in human rulers in whom no salvation reides (Psalms 146:3-5)

      • Handog

        Better yet, you might be one of the lucky one’s who meets the love of your life and has lots of money.

      • Priszilla

        You are right. The big picture is the sum of the small pieces of the puzzle.
        My partner is on minimum wage. One day he was travelling and met an old man with heavy luggage who had no food no drink and the whole day ahead waiting for the bus.
        He bought him food and drink after he had him settled with his luggage.

        When I was unemployed I went out and picked up rubbish in the park. I also picked the cherries and berries in the park.

        • Orange Jean

          Thanks for your response! You have great examples…

          Oddly enough, one of the things that made me change my attitude was I lived for a time with my cousin and his ex who was dying of AIDS (before they had any drugs). The guy that was dying was an optimist by nature… it didn’t keep him alive or cure the disease… but it made his last days better than they might have been. In the process he taught me an important lesson in living life, which I will always be grateful for.

          • Gwynn Ap Nudd

            The above is prima facie evidence why women shouldn’t be voting. They translate real issues into smiley faces and pastel ponies.

          • Orange Jean

            I don’t know about you… but I sure didn’t vote for the guy currently in the WH.

        • knowyealso

          Is that where you picked up the aids virus, at the park ? Or was it from when your ‘partner’ parked ?

          • Priszilla

            Does your mom know where you are and how you talk to strangers?

          • knowyealso

            Yes. No woman TELLS me anything, ever. I am a free man!

          • K2

            I think prizilla is a guy. What do you say prizilla?

          • Gwynn Ap Nudd

            You are very creative. The double l’s and the z in your name! You must be an artist.

          • Priszilla

            Man was made in the image of the creator.

      • James Rogers

        In this climate of economic chaos, with families destroyed. People living on pocket change and feminism ruining men’s lives I question the sanity and intelligence of anyone who isn’t depressed and can’t see the truth.

        • knowyealso

          It could be worse. Imagine if you manned up and married one of those worn out sloots.

        • sandra schmidt

          It is no wonder you are such a loser with your hateful attitude. The reason feminism is so prevalent is that most American men are whiny metrosexuals who have no idea of how to be successful or take care of a family, much less conduct themselves with a modicum of common decency, as illustrated by the comment of your buddy knowyealso. You have earned your life. As for me, I’m doing well.

          • lefty62366

            You know they say; here today gone tomorrow. Doing well today in the gutter tomorrow. So don’t get too cocky !!

      • knowyealso

        That’s some real polly anna bullish right there.
        Hey, grey skies are gonna clear up, put on a happy face.The police have all been militarized, put on a happy face.Illegals run through the border, put on a happy face.Democrats worship satan, put on a happy face. Today’s dollar is worth a penny, put on a happy face.
        Consider the fact that our manufacturing basehas been purposely destroyed, ( no good jobs). The welfare leeches out number the producers by a wide majority.
        Think of the welfare parasites as ebola……There is no antivirus, just the eventual death of the nation.

        • Orange Jean

          Sorry, but you are totally misunderstanding me! I don’t put on a smiley face on everything. I do have real concerns about everything you’ve mentioned in your post, and then some.

          At the same time, I don’t feel there is much I can do about any of those things. The only thing I have any control over is choices in my own life, to the extent of how I choose to live it.

          Gray skies, Ebola, ISIS, illegals, the economy… not much of anything I can do about any of those things. But I do know that being in a constant state of worry and anxiety can totally paralyze you… and make it impossible to control the things you could do something about.

        • Orange Jean

          This is what I mean by positive. Suppose we just look at one issue – assume the economy is going to hell in a handbasket (I’ve been thinking it was going that way for over 20 yrs now).

          The positive approach to this might be: believe there is a way you and your family can survive and be determined that you will be one of the survivors by learning everything you can about how people survived before there was a market economy. Get access to some land, learn how to garden, hunt, fish, preserve food. Perhaps you’d call that Pollyannish – I call it survival skills!

          The negative approach to this might be: give up, whine and complain about it incessantly but also assume there is nothing you can do and that everyone will die because there will be looting, killing people for food, and that neither you or your family have a snowball’s chance in hell of surviving because TSHTF.

          Now my version of reality: it’s highly likely that many people might not survive because the the arguments posed by the negative thinking person. HOWEVER… there will most likely be some survivors, and those will be the ones who had the positive attitude, prepared and adapted to change. Not all of them will survive, but some will! Humans have been around a lot longer than modern technology and somehow survived… the capacity is till in some of us.

          As to me personally, I doubt I’d last long (I have some pretty bad disabilities at this point in my life, and am recovering from a 2nd fall in less than 2 months). I am determined to get to the root of the problem and learn to adapt to using the walker I now have to use…. and get back to work! However, in the past I learned a lot about basic survival skills in the area of gardening, preserving, sewing, and cooking… and am willing to share that knowledge with anyone interested. Perhaps I’ll even luck up and manage to team up with someone who has the physical abilities I now lack, but not the know how and could help one another.

          If any ISIS or Sharia nut comes after me and tries to put a burka over my head or make me convert to Islam… I’d likely be killed, but I’d try kicking them in the b*lls first! Maybe at least damage their ability to produce kids seeped in their evil ways.

    • Orange Jean

      Another thought… if you are physically capable of doing so… go on a walk. Doesn’t cost anything.

      When you do take a good look around you at some of the other good things that don’t cost a cent. Maybe you’re lucky to live in a place where the air is clean an fresh and you can enjoy breathing it. Maybe you live in a place where you’ll see some natural beauty, the sun, the wind, the rain. There is truth in the saying that the best things in life are free.

      Maybe you’ll see some little kids playing, innocent and sweet. Maybe you’ll see some pretty birds singing their hearts out. Live in a big city, in a slum? Been there, done that too… but I can almost guarantee if you take a look around you’ll see some stubborn little weed sticking it’s head out of a crack in the pavement. How is that possible? Be like the weed!

      • Roark

        That’s “funny” because I think the super elites have referred to the
        vast majority of the world population as weeds. They certain see us as
        equally useless / worthless.

        This still seems to be the same old Norman Vincent Peale “crap” from the 60’s and 70’s.

        there’s nothing wrong with Positive Thinking or Having a Good
        Attitude. But in today’s economy it’s just simply not enough. There
        are plenty of wonderful people out there who work to stay healthy and
        stay positive, yet have been unemployed for years.

        I have to
        “laugh” at the boomers today who used to care enough to be anti-war, for
        example, who now just have the same mindset you seem to. They feel
        they’ve earned their cup of tea, so if they can do it, everyone else
        can, otherwise, they’re just lazy or have a bad attitude.

        is, we’re kind of all in this together and there are too many
        millionaires and billionaires and WAY TOO MANY stuck in poverty. This
        is not how America was before and that’s why America USED to actually

        • knowyealso

          The boomers are the worst. Sold their children out for a bowl of pottage.
          Look at the bright side, when obamacare kicks in, they’ll be off to the ovens, or the ditches.
          Either way, they will for once suffer what they created.

          • Richard

            Boomers will reap What they have sown. Yes.

    • krinks

      When I was a younger man Reagan won big when only ~33% of the people were on the dole. Today ~50% are parasites making it impossible for freedom and liberty to win elections. There is a reason the apostle Paul said a man who doesn’t work doesn’t eat.

      • Rob W

        And jesus said consider the sparrow, but whatever.

        • knowyealso

          Paul did meet Jesus…. On the road to Damascus.

          • Rob W

            LOL… I can’t believe you drank the whole thing!

          • Rob W

            Ah, but he wasn’t a man then, according to the story, was he? Pfthbt….

      • James Rogers

        How Christian of you to want people to starve. . Well I could throw out stats and numbers to clearly prove how the American dream is dead. How there are fewer and fewer good jobs each year. How while there are parasites who milk the system quite a few of these people would love to have a good job and have some dignity. . Shaming people to work is not effective when there are no jobs. It just pisses them off and you make enemies. No wonder church attendance is dropping. No wonder 60%of church members are women and only 40%men. When a man goes to ask for help at a church he is often met with blaming and shaming and called to man up. I guess now preachers have resorted to telling people they deserve to starve. . There are not enough jobs and the ones that exist are low pay crap jobs. Good luck convincing someone who has a good job of that fact.

        • GSOB

          You need to chill.

          You represent everyone it seems… except for Krinks.

          It is clear your words are not of the Lord Jesus but of the power of the prince in the air.

          Which came first human beings or human government?

          That is where Krinks is coming from, …we are all on that level.

          Keep it there.

          • James Rogers

            Spare me your imaginary friend worship.

        • III

          You should not try to understand anything and you should just ignore the real problems of the world and not ever do anything about them, especially if it may change anything.

          You should only have faith, trust, hopes and prayers.
          It doesn´t really matter if it is Das Kapital or the Old Testament. What counts is the practice of it, you must stop using critical thinking. You should always be on your knees, you should always be a sheeple that has no hope of survival without a shepherd, regardless of whever there is one available or not…
          You can tell yourself you are a good christian or just a good person but such dellusions are acceptable because you are still member of the Church of Eternal Dependency and Victimhood.

          You know who else used critical thinking? The nazis, so there!

        • knowyealso

          Church membership has dropped because men no longer go. Men no longer go because Christianity is not spoken there. The modern American church is churchianity, aka, the cult of estrogen. It repels genuine men.

          • James Rogers

            Yes. Churches are beta male factories. . They blame and shame men to try to get them to marry a fat single mom and pay for another thugs kids.

          • knowyealso

            Exactly. The tradcons, in league with their sister -feminism are pulling out all the stops in an effort to blame and shame men. Man up, ( somebody’s gotta pay for this sh*t).
            Peter pan boys, grow up ! and overproduce so our perverse system can continue, ( at your expense).
            Come on boys, war up!, ( you are after all disposable).
            Dalrock puts it in perspective quite well.
            Example – Men, we’re trapped on sloot island and tradcons are our gilligans.

          • djc

            When I go to daily mass its majority male and not mostly elderly male’s either. lol. And not weak, sissy men either.

        • krinks

          If you want to give your money for what you think needs done is your business. When you elect perverts such as Obama, Clinton, or Bush to take my money and do it for you, that makes you an ignorant pervert.
          How is it that when people take my money by force it is theft, but when you get Obama, Clinton, or Bush to do it for you it isn’t?

          • Nicknakthetruthspeaker

            Dude, the USA dollars is legally not yours. If you want have your own money, print yours (Bitcoin, litecoin,…)

      • zombiekiller117

        He said “A man who WILL not work should not eat”
        2 Thessalonians 3:10
        Big difference between ‘does not’ and ‘will not’ .
        Calling your fellow countrymen parasites for not willingly starving to death, after being taxed for the support net they now use, makes you a jerk and a stooge for the real parasites who caused mass unemployment by their greed.

        • krinks

          Try again. The Apostles took donations from willing and cheerful givers ONLY. They didn’t go to a gov’t agency for so much as a proverbial stick of gum. They used their own funds and did charitable deeds THEMSELVES. You that do nothing and pretend gov’t is some sort of benevolent agent are ignorant perverts.

          • zombiekiller117

            (1) You misquoted scripture.It says those who ‘WILL not’, that a big difference from those who ‘do not’.

            The .gov didn’t take donations from cheerful givers, it was ripped from pay packets under threat of force, SILLY

            These unemployed people had money ripped from their own pay packets by the .gov to create this safety net.

            Why are you upset at people accessing the very service they were FORCED to pay into ?

            Had the .gov added a tax for welfare after the economy crashed you would have a point, however that money was ripped from their pay packets while they were employed, SILLY

          • krinks

            Unemployment is not welfare.

          • zombiekiller117

            First off you misquoted scripture.

            2nd How does anything you posted address what I posted ? OK, if where you are you don’t class unemployment as welfare then insert unemployment where I wrote welfare.

            So again,
            The .gov didn’t take donations from cheerful givers, it was ripped from pay packets under threat of force, SILLY

            These unemployed people had money ripped from their own pay packets by the .gov to create this safety net.

            Why are you upset at people accessing the very service they were FORCED to pay into ?

            Had the .gov added a tax for welfare after the economy crashed you would have a point, however that money was ripped from their pay packets while they were employed.

          • krinks

            In the end you dodge the real facts of the case. There was no provision in Biblical times for money to be taken by force to support those who refuse to work. Paul as a Roman citizen could have lived on the dole were he inclined to do so but worked his way from place to place. Hence the whole social safety net in unbiblical.

          • zombiekiller117

            Again you miss represent scripture “A man who WILL NOT work should not eat”
            2 Thessalonians 3:10

            ONLY an American could not understand the difference between ‘Will not’ and those who ‘do not’.

            Given that the money was forcefully ripped from the pay packets of those who are now unemployed you have no cause to begrudge them.

            Good ‘Christian’ attitude labeling the unemployed Americans ho lost their jobs du to bankers greed as ‘parasites’.

            If you want to whine, then whine about ‘foreign aid’ to ‘lazy’ Africans in Africa.

    • I feel your pain brother. At the end of the day it’s a numbers game and if fewer jobs exist, then more of us will be unemployed/underemployed and it’s usually the good guys.

      Author “The Art of Debt Guerrilla Warfare, how to beat debt
      collectors when your back is
      against the wall.”

    • Hammerstrike

      What is a life worth living?

      • James Rogers

        Family, stable finances, purpose in life such as religion hobbies etc. The American dream. .

    • knowyealso

      Obama and Bush aren’t dumbasses. They are tools, puppets sent to destroy America. None of this is an accident. I, like you have all but given up. There will be no recovery because it is not desired. You cannot enslave a well educated, moderately wealthy, gov’t independent people.
      You tube – grinding down America.
      There are no more conspiracy theories, only conspiracy facts.

      • Richard


    • james cole

      agree. except that there is no hell or karma or heaven or any of that mumbo jumbo waiting for these crimelords when they die. with a failed political system, the only recourse the common man has left is to take the law into his own hands. the only way the elites can make up for the mayhem they have caused is for them to pay in blood. angry mobs, hunting and chasing down criminals is what it will eventually take. and incidentally, the elite knows this too-it’s why they are either arming themselves to the teeth or fleeing to other continents to escape the wrath the know they deserve.

    • MrPissonyourgrave .


    • Dave

      You nailed it, early 80s. That pins it in Ronnie…….
      Raising the top tax rate to 50% or more is the only way out. See, at that rate they spread their wealth around thereby lowering their tax burden. The middle class makes more, then pays a little more. We all pay a little more. There is no need to have multiple 100s of millions under your name. NONE. I will be challenged as before; name one country that taxed its way to prosparity.
      Answer: The United States of America 1945-1980

  • Bill

    Very significant.

  • Bill

    Someday soon—– .

  • Firstgarden

    Learn wild edibles.

    • knowyealso

      Kill women. Hold them responsible for their treason that enabled our destruction.

  • Enjoy the cruise on the USS Titanic while you can!

    Or escape when the doors are still open!

  • chilller

    When the economy begins to implode, all those billionaires will be trying to pile into PM’s which will instantly wipe out availability. All that cash on hand will become worthless and they will be broke…the common man’s “silver lining”.

    • Black

      When the economy implodes the 1% is in big trouble. I know where they live

      • Roark

        Well, and what they refuse to see is that “nature has a way”.

        Seriously, have you ever “won” over nature? If a weed wants to grow through the cement it will.

        Oh sure, you can bring out a can of RAID, like the elites want to use on the vast majority, but now you’ve got poison in your house, on your deck, and your kids are potentially getting into it.

        And the weeds will just grow all around the deck, or in your neighbor’s yard. lol

  • Priszilla

    I don’t care what the ultra rich are doing. For me they live in a different universe.
    I invest my money in reduction of operational costs.
    My last two investments: running shoes and house removal. Now we both can walk to work. In any weather. Next investment: bicycle.

    • K2

      If you removed your house, where are you living?

      • Priszilla

        Good question. Don’t know why it’s called removal if you just move the content of the house.

        • K2

          The stupid govt must be responsible for it.

    • Orange Jean

      It’s a good idea… IF you can do it. Works great … until you end up with some kind of health problem you never expected.

      I spent most of my life walking to work, averaged about 5 miles a day… but could easily walk 15 miles in a day on a weekend. I also biked a lot. About 10 years ago I started getting arthritis in my back and knees, add to that degenerative disc disease. Now I am lucky if I can walk 6 feet without a problem; just had to change from a cane to a walker about a month ago. I’ve also fallen twice in the past 2 months. So remember it’s important to have Plan B!

      Just sayin’!

      • Coffeedrinker

        Plan B would be to continue with spiritual development (via prayer and meditation) absent exercise. Exercise is a very good way to begin clearing the mind of thought so that you can then have your intents, voiced, aired or heard by the Lord (the Christian Lord).
        Spiritual development is just as challenging as physical exercise.

        • Rob W

          Good luck…

      • Priszilla

        Plan B is a scooter. Costs £400 second hand.
        I also had knee and hip pains two years ago. Got painkillers from the doctor. ???
        Tried acupuncture instead. And walking. All pain gone.
        Now got me these running shoes to lessen the impact. Lost almost 2 stones as well.
        My grandpa still walked with 90, even after his thigh bone was broken. Cancer finally got him.

      • knowyealso

        “It’s a good idea… IF you can do it. Works great … until you end up with some kind of health problem you never expected.”
        Like when your bum starts dragging the ground because that’s where your ‘partner’ has been ‘parking’, lol.
        Although I would think one could expect that outcome before it became reality.

    • danbax

      What about your iPhone?! Just kidding

      • Priszilla

        I don’t have an iphone.

    • knowyealso

      I wouldn’t live in a city. Too many people too close proximity. When the eminent collapse happens, you’ll wish that you didn’t either.I won’t celebrate your demise, but I won’t be welcoming you either.

  • Frank Bell

    If the situation is so bad, why are so many young people buying Apple iPhones like madmen?

    • Orange Jean


      or as they might answer… it’s “COOL”!

      I know a lot of Millennials who’d buy an expensive phone like that even if they had to keep living in mom’s basement. I kid you not!

      • Rob W

        Things are going to hell in a handbasket no matter what. Might as well enjoy the ride down as much as you can…

      • knowyealso

        Enough with well worn shaming tactic – living in mom’s basement. It’s as accurate as the rest of your feminazi propaganda.
        Here’s another thing, what is so terribly wrong with children living with their parents ? Every other culture in the world operates this way, as do the Amish. Dopes buy into that lie and would have your children out the door while renting their room to a stranger.Gee, do you ever think that maybe, just maybe that propaganda was put forth to weaken and eventually help destroy the family?

    • Black

      Easy credit

    • Priszilla

      Those on benefits also buy booze and cigarettesand drugs.

    • Roark

      The reason so many young people are buying Apple’s iPhones is THAT IS ALL THEY CAN AFFORD, seeing as how they can’t begin to afford to own a car, pay for insurance, the high price of gas, etc.

  • Darth Maul

    The American Dream is basically nothing but GREED.

    Our Nation was built on greed. That’s why we killed the native Indians.

    • underaged

      Oh, but don’t you know that after the Native Indian slaughter we confronted the errors of our ways and became righteous and just and the moral standard for the rest of the world to follow. Forget that we participated in more killings during some of the deadliest decades the world has ever seen from roughly 1860 – 1970. But hey, those wars were righteous and just, especially if the result is cheap oil and cheap labor. But the most righteous and just wars are the ones we are currently engaged in with Syria, Pakistan, ISIS. most of Northern Africa and whoever else has a pile of oil ripe for the taking.

      The beat goes on.

      • Roark

        Please see my post to Darth Maul above. England and Now America have been overtaken by these Bavarian types (initially in England) and now America is ultimately controlled by the British Empire also. They’ve been financing these evil wars on both sides for hundreds of years.

        But don’t fall for another trap of theirs. They WANT you to give up on America and everything it used to stand for. They want the world to hate America as well.

        The point is, America of today is simply not what America was laid out to be by some of our great founding fathers, any Benedict Arnold types, notwithstanding.

    • Roark

      Have you not listened to Alex? He explains how humans are naturally
      inclined to battle and kill each other. The natives were doing the same
      thing to each other. Gorillas are similar. They attack other clans of
      gorillas, unmercifully, brutally, and for no apparent reason.

      it was the mindset of the Bavarians who overtook England and have been
      in charge ever since who deliberately invoked much of the mindless
      killing of the indigenous peoples.

      These evil families control the US and are responsible for leading America into so many needless, meaningless wars recently.

      not only bankrupts the US due to the horrendous expense of the wars, it
      makes them and their war mongering crony friends even more insanely
      wealthy and powerful. Another side effect they benefit from is
      America’s fall from grace in the eyes of the world as they ultimately
      want to destroy anything that once could stand on its own two feet.

  • Darth Maul

    Please be aware that James Turk is a shill.

    His advice to buy Gold and Silver has proven fatally wrong regarding the huge losses Gold and Silver buyers are facing.

    The was wrong on the Dollar, too.

    His advice is nothing but financial fraud.

  • Black

    All that we have left is war and “wealth management”

  • Black

    The average age of cars on the road in the U.S. is 11.4 years. It seems like 90% of the commercials on TV are for new cars or fast food.

  • sharonsj

    Michael, you say the politicians (especially the Democrats) say nothing. I challenge you to list the Republicans who addressed this problem and actually got legislation passed.

    Will you also go after the Republicans who stopped the Democrats from action? Sen. Byron Dorgat (a Democrat) tried half a dozen times to bring up a bill taking tax credits away from companies that outsource and the Republicans stopped him every time.

    I can’t stand most politicians of both parties, but you need to be factually objective.

    • Frank Bell

      Most people think that Democrats are evil.

      But at the end of the day, all politicians, either Democrats or Republicans, just follow orders from the wealthy elite.

      They don’t care about you or me.

      They care about who gives them money. Lots of it.

      • Firstgarden

        I was born and raised a NY liberal democrat, so I don’t believe I am biased. I am not a dummycrat now, nor a publican. You are most correct in pointing out that they are (today) just hirelings, and not shepherds in any sense of the word. There once was such a thing as “civil service.” Notice that it has fallen out of the modern vocabulary?

        Now, it’s more like, “Stand aside and do homage. Royalty is passing through.”

        Also, words like “principle”, “honor”, “duty”, to name just a few. Lost to our “leadership” today, is all sense of integrity, stewardship and moral responsibility.

        Conscience has become “Con-Sense”. Sincere has become “sin-seared.”
        It’s almost funny, were it not so serious.

  • Rob W

    “That is a pretty substantial drop. But you never hear our politicians (especially the Democrats) bring up numbers like that because they want us to feel good about things.” – MS

    And, if there were a republican potus, the same would be said about them. It’s called politics, and you had it right without the parenthetical insert.

    • knowyealso

      Democrats don’t want you to feel good about anything. Fear, uncertainty, doubt, mistrust and division is what they preach.
      That’s why you need to keep reelecting them……….
      Women are complete tools, idiots, gullible and easily led.That’s why women are democrats.

      • Rob W

        I take it you are a woman.

  • danbax

    10 million have bought the new iPhone. Things are fine! (Sarcasm)

    • Roark

      Good one.. And sadly, HOW MANY are going to have brain cancer as a result?

  • Firstgarden

    I don’t recall if this has been mentioned here. And I don’t necessarily believe every word of it, as such articles tend to be more or less hyped, with a sales pitch at the end. But this sure is food for some serious thought:

    Buffett’s $55 Billion Gamble is a Bet on U.S. Collapse, Warns CIA Economist


    Did Warren Buffett just make a $55 billion bet on an imminent market crash?

    A single financial document has emerged that may hold the answer.

    According to a new SEC filing, Buffett is sitting on $55 billion in cash through his company Berkshire Hathaway. This is highly unusual behavior from a man often called “the world’s greatest investor.”

    It’s the biggest cash hoard the company has ever amassed, in the 40 years he’s been in charge.

    At a cost of $29 million every single day he keeps his money out of the markets, from all outward appearances, this is a risky and costly gamble. Unless Buffett is sure a Wall Street crash is at our doorstep.

    Shocking: See the chart that may have caused Buffett to bet on a U.S. collapse.

    But he’s not the only famous investor who fears a dangerous correction is coming.

    Jim Rogers recently admitted to Yahoo! that he is staying far away from U.S. stocks.

    New filings also revealed billionaire George Soros’ massive short position on the S&P 500.

    Previously, Soros allocated 3% of his portfolio to shorting the S&P. It’s a common practice major investors use to insure their positions against unforeseen pullbacks.

    But he just increased his short position on the S&P 500 over 5X fold, taking it to 16% of his entire portfolio.

    That is an alarming sign that Soros is betting on a market collapse. And given his track record of predicting these events, it’s one we should not ignore.

    So the question remains: Why are some of the “greatest investors alive” betting against Wall Street?

    According to Jim Rickards, the CIA’s Financial Threat and Asymmetric Warfare Advisor, they are taking emergency measures now before a historic economic meltdown strikes – one he, and many of his colleagues at the U.S. Intelligence Community, fear is unavoidable.

    In an exclusive interview with Money Morning, Rickards warned, “The signals we’ve been tracking are quite clear, a 70% stock market crash is imminent.”

    “Think of the market down 70%. If Buffett has that $55 billion in stocks, he loses $38 billion,” he explained.

    Rickards, a three-decade veteran of Wall Street’s biggest hedge funds and investment banks, knows billionaires like Buffett are well-connected to both the financial markets and U.S. government.

    So it’s logical they’d have the luxury of receiving an advanced warning of a coming catastrophe similar to what his work with the CIA is forecasting.

    “Every business in the world whose back is to the wall, they’re distressed, they go to Warren Buffett” asking for a bailout, Rickards explained. “Think of the information he has. He sees everything.”

    “I think Buffett is seeing the same things my colleagues and I are.”

    Rickards stepped forward to take part in this exclusive interview so average Americans could receive this early warning as well.

    During the discussion, Rickards shared a series of dangerous economic patterns that have recently appeared that he and those in the highest ranks of the intelligence community have been tracking.

    What they reveal is an economy that has reached what he refers to as a “super critical state.”

    “Everybody knows we have a dangerous level of debt. That’s no secret,” he said. “But all signs are now flashing bright red that our chickens are about to come home to roost.”

    Frightening: Single chart reveals which banks could collapse (and how soon). If your life savings is in a major bank, please look at this now.

    Rickards focused on five “flashpoints” the Intelligence Community is closely monitoring that they believe will soon ignite this collapse.

    “This nearly instantaneous 70% stock market crash is just Phase 1. From the outside, nobody will see it coming,” Rickards explained.

    “Once it becomes clear that it’s not a flash crash – it’s a systemic meltdown in the economy itself, that’s when the gravity of the situation will sink in. And there will be no digging out from it.”

    He went on to explain how a $100 trillion meltdown would quickly unfold in the aftermath. Then he used five words to describe what this was all leading to.

    “A 25-year Great Depression,” Rickards warned.

    Editor’s Note: Money Morning has released their exclusive interview with Jim Rickards to the public. And it’s a must-see for every American who is concerned about our country and their financial security.

    Rickards warnings are a part of a growing wave that have begun to appear from areas of our government who are not historically known for making their findings public.

    Recently, a sensitive report containing the consensus view of all 16 branches of the U.S. Intelligence Committee surfaced.

    These agencies, which include Rickards’ CIA, as well as the FBI, Army, and Navy, have already begun to jointly estimate the impact of, as the report stated, “the fall of the dollar as the global reserve currency.”

    And our reign as the leading superpower being annihilated in a way “equivalent to the end of the British Empire in the post-World War II period.”

    The nightmarish endgame presented in this report involved “a worldwide economic breakdown and an extended period of global anarchy.”

    “Look at it this way,” Rickards stated near the end of the interview. “Americans are standing at the bottom of a very tall mountain – Mt. Everest, Mt. Kilimanjaro… they look up and see an avalanche barreling down.

    “Determining the one snowflake that started this chaos shouldn’t be our focus. Recognizing the severity of the situation and moving to safety should be.”

    Buffett, Soros, and Rogers may be prepared for anything, but few individual investors are.

    That’s why Rickards is now urging Americans to ask themselves a simple question.

    “What if we’re right?”

    • DJohn1

      This is about the best comment on the economy that I have read in quite a while. Following the financial geniuses of our time and what they are doing rather than what anyone is talking about.
      Putting their money where their mouths are. I totally agree with this comment.

    • sharonsj

      I don’t know if or when there will be a crash but, based on all the financial sites I’ve read, the stock market is rigged. Nearly 75% of trades are flash trades, done in milliseconds by banks of computers that skim money off the top. Very few are actually investing in anything for the long haul.

      The bottom lines of these corporations are made to look profitable by (a) firing workers and (b) buying back their own stock. But retail is dying. If only the very rich have money to spend, then an American economy based on 70% consumerism can only fail at some point.

      • Firstgarden

        I was hoping the economy could at least flatten out, in a long, slow landing sort of fashion. Wishful thinking.

  • Harrison Bergeron

    I just finished reading “The Mystery of the Shemitah”; excellent book that I highly recommend.

    The Shemitah is a Sabbath of years; the next one starts 9/25/14 and ends 9/13/15. Too much detail to share in this post, but the last two Shemitah years, 2007-2008 and 2000-2001, have brought terrible things for the defiant and unrepentant America.

    Not to mention that after this Shemitah will most likely come the year of Jubilee (kind of a Shemitah of Shemitah years – seven sevens).

    I expect an interesting two years ahead of us.

    • Firstgarden

      Harrison, check out “Jubilee on Wall Street: An Optimistic Look at the Global Financial Crash” by David Knox Barker
      (Foreword by Billy Graham)

      Although I don’t share his optimism that much, in this late age, it is a VERY interesting approach to the subject, based on the 50th year of Jubilee – a great settling up of debt, among of things. This somewhat corresponds to the long wave theory that some hold. Others hold to unique events, not cycles, as triggers for recession and depression. (I hold to both.) Kind regards.

  • King Pete

    While there is truth to much of the information posted here, I think that part of the blame is that there are a lot of lazy people around now who don’t want to work. I own two businesses, and it is very hard to find a good, conscientious person for some of the support roles in the company due to ineptitude, sloth and indifference. I see many jobs go unfilled because people do not want to work them, or take a chance of losing their welfare benefits. The sad fact is that there is a whole class of tattooed, pierced freaks and drugged out idiots with criminal records that are virtually unemployable. Many of our citizenry have lost the strong, independent , self reliant traits of out forbears and have become dependent, government owned losers; such is the product of our cultural disintegration, rejection of the Christian God, and adoption of socialism. I am glad that I will not be around much longer to see America’s descent into Sodom.

    • Roark

      Not what I’ve heard and not what AJ has said. Folks aren’t lazy. Sure, if you’re talking about the teens still in school or those in their early 20’s in college. Some may be a little reluctant to do actual work.

      But really, due to all of the outsourcing, there really aren’t that many decent manufacturing jobs, for example, to be had.

      You may have service jobs and there’s nothing wrong with them, except, that’s primarily all that remains. See Paul Craig Robert’s site and read his assessment of the job situation, and why folks like you make that comment about decent jobs going unfilled.

      • King Pete

        Folks aren’t lazy? Is that why so many of our population are now obese, unemployed, and on the dole? I, as an employer, provide jobs for people through my company; the sad fact is, the pickings are slim. There is work, but people do not want to work their way up; They want to start at the top, and bring little to nothing to the table. I only have pulled myself up by my bootstraps and worked long and hard for many years to provide for my family; served in the marine corps, stayed married to the same woman for over 25 years now and raised my own child, and have paid off my home and truck as well as put away20% annually in a 401k.I owe no one , been on my own since I was 16;I could cry and blame others for the hardships I have endured, but instead I worked hard and took advantage of the opportunities that came my way, and am comfortable. If people would quit blaming the world for their troubles, assume responsibility for themselves and work to succeed, they would get there eventually.In the end,the only one you can depend on is yourself.

        • James Rogers

          I highly doubt you would think this way if you had support a family on the wages you want to pay people.

          • King Pete

            I star my people at twelve dollars per hour plus benefits to include paying 3/4 of their medical for medical office help.I don,t pay them what I want,I pay them what they are worth.That is how it works;if you are going to work for someone else,you get what the job is worth to them.don’t like that?Start you’re own business!Then you can pay yourself what you want!Crying like a little baby because life is hard is what losers do.I started with nothing and now own two businesses.You can either adopt a winners mindset or wind up a loser blaming everyone else for your failures.You can’t change the world by crying on these chicken little websites,but you can change your lot I. Life by bucking up and working hard.The only one who can do it is you.

          • King Pete

            Truth hurts,James.You have a losers mindset and blame the world for not giving you a job.How is that working out for you?I know immigrants who came from Vietnam and Cambodia back in the 70s who stated with the clothes on their back who started businesses,and now their children are doctors and engineers.Quit being a crybaby poosy and work your way to success…or keep trying to ride the whambulance to the pity party.

    • James Rogers

      Maybe you should pay more. . You can’t expect people to slave for you.

  • DJohn1

    And when the barn burns, are the horses in it or out of it?
    Economists everywhere follow one man from the depression era. That this man was wrong, does not matter because they all follow him. His answer to everything was to gather more taxes and spend more money to bring the “economy” back.
    Gary North over at Lew Rockwell talks about this all the time. He follows a different line of thought of balancing budgets and keeping inflation and keeping counterfeiting down to nothing. They both are partially right and wrong.
    The world is divided between those that have money and those that do not have money.
    Those that do have loads of money are the new Royalty. Those that do not are the new peasants.
    There is a thrid class of people. Those that serve the people that have money. I call them the butler class. They often share the wealth of the wealthy. Their idea is to serve the people with money and keep them dependent on their services. They are often well paid for their efforts.
    In the next few months, and it can happen at any time, the entire financial system of the world will be as I have just described. Those that escape the demise of the stock market and other investments will be the new wealthy class.
    The big mistake of all wealthy people is to think they are invulnerable. The reaction of the masses of poor people has throughout history overturned this wealthy class when it becomes to obvious. The results are not always sane.
    The mistakes of the wealthy of this generation are numerous.
    We are entering into a time when labor is going to be needed to produce goods a lot less than it has ever been in history. Notably automation is doing what the assembly line did in the thirties. Automation means many things. Basically we no longer need bolts put on machines because we can do it without workers.
    3-D Printing means that parts suddenly can be reproduced for a few cents on the dollar. This is just beginning to come about.
    Workers from poverty stricken and starving countries have to be fed. They are doing this by giving them our jobs.
    This is being done by the leaders of both parties. No matter who gets in, they are voting the same.
    The result is we are swapping places with the poverty stricken workers all over the globe. No one saw the long term results of doing this? I cannot believe that.
    In the 70s, we had blackouts all over the east coast of our country. I have to believe something was going on. After that, we started moving industry out of this country. I think the two events are related. One caused the other.
    You have to understand that the people doing this must be extremely long lived. No one normally thinks in terms of 60-70 years. Yet this is what has been going on.
    The biggest nail in the coffin is Obamacare. With the advent of social-type legalized medicine we are getting fleeced big time by the insurance industry.
    The foundation of retail in this country is based on people being able to buy goods with what money is left to them by the rules set up by the Congress on all of our finances and IRS payments.
    Obamacare is a huge blunder. It has taken the money left to people. That means they are now not capable of buying all the pretty toys in the store. So Retail is going bankrupt. You see it in big stores everywhere.
    The only chance this administration would have to put things back together again will be to reduce the effect of Obamacare on the average person’s wallet. Bush had the right idea when he made all kinds of tax breaks for the working classes of this country. When that went away, Bush guaranteed the overthrow of the current political party in power. They were sucker enough to allow it to happen. That is why in 2010-12, most of the tax breaks went away.
    The key is disposable income. But people who have never had to save a dime in their life are not aware of how things work. The wealthy class and their servants control the rules and govern with the help of bureaus and people in the congress. They look at things from a wealthy person’s standpoint.
    Now we are faced with a collapse of everything we know because these people do not understand exactly how things work. Without the money provided by our people, the poor all over the world are doomed. Yet that is exactly what will happen. Then it is on to things like plague, starvation, and a savage turning over of everyone now in charge.

    • Firstgarden

      I agree with much of what you said. Our nation’s noble destiny seems little more than the reflexes of a dead body sprawled across the landscape.

  • Firstgarden


  • piccadillybabe

    I have no idea what is must be like to be young these days, i.e. the millennial generation. I guess what you never had, you never miss is one way to look at it. The millennials pretty much raised themselves since their parents were either working or too tired to pay attention. Getting off the treadmill should be a relief but to people accustomed to getting their identity and social contacts from their jobs, it’s been a sobering/shocking experience for Americans who are no longer employed, under employed or working parttime and making 1/2 of what they used to make.
    I am looking forward to the day when we no longer have any CEOs, COO’s, etc. These people have taken this country down with all their mismanagement of corporate entities in order to make mega profits. The jobs at the bottom (lowest paying) always disappear first. I’d like to see the king pins fall first. One of their salaries alone could feed and house a whole city of people comfortably. Take away corporate welfare and start taking care of those most in need.

  • Daystrom2012

    Woe, woe, woe, to the inhabiters of the earth….

    Revelation 8:13 KJV

  • The American people need to begin their transition from being an employee to becoming an entrepreneur. Job losses due to outsourcing and globalization will continue and soon we will have to contend with the robots and the machines (automation) that is coming.

    Author “The Art of Debt Guerrilla Warfare, how to beat debt collectors when your back is against the wall.”

    • Rebecca

      You are absolutely correct!

  • Realist

    The destruction of the American middle class is being carried out under the myriad rubrics of the various oh-so-courageous Ruling Class “crusades” to, ahem, remake our society with perfect “fairness” and perfect “justice”, and neither of those words (as majestically spouted by out Ruling Class pseudo-saviors) have any relation to the traditional meaning of those words. In fact, the Ruling Class meaning of those words is likely to mean the direct opposite of what we little peeps think they do. Its all part of the deception.

    The Big Media deception machine of the Ruling Class (both left and right) are now “all in” in their faithful obeisance to their Ruling Class paymasters agenda. So yes, by all means, invest in the fiction of the two party political system in which you think you have a voice. The two party political system in the USA is now merely a rope-a-dope diversion to keep the little peeps in flyover country occupied with “fighting the good fight” while the selfish, self-serving Ruling Class power-hungry monsters who deceive them plot their ultimate destruction.

    The neo Ruling Class pseudo-royalty MUST ARISE and lead us out of our non-imperial darkness!!!

  • Mondobeyondo

    Yep, this looks like it’s about as good as it’s going to get. Time to adapt to the “new normal” – which is absolutely nothing like the old normal used to be.

    Sure, the economy is bouncing back. But it’s a dead cat bounce.

    Meow…. splat.

  • Kimo

    The problem is not the economy and never has been. The problem is the government.

    • knowyealso

      The gov’t is a symptom of the problem. The problem is stupid, useless women that vote for pandering politicians because……. ‘oppression’, or ‘war on womyn’, or abortion, or free birth control and tampons.
      Keep pulling the trigger you cupid stunts, one of these times you will get the loaded chamber. With every election cycle, that becomes more certain.

  • FortuneSeek3rz

    It just isn’t that bad. The times we are living in now are better than at any point in the past. No one would go back to 1950, 1850 or 1750 given a time machine if they could. We have internet, smart phones, HD TV, medicine, health care insurance, Social Security and more. The safety nets are plentiful and America is the prime economic engine of our age. Excellent time to be alive.

  • GSOB

    Life has lots of disappointments.

    Monday mornings are one them.

  • ian

    After having travelled to many third world nations over the last several years. i now call this site “first world problems.”

    • El Pollo de Oro

      After having visited many banana
      republics and seen first hand all the secuestros (kidnappings), asaltos armados
      (armed robberies), policías corruptos (dirty cops), pandilleros (gangbangers),
      sicarios (hit men), favelas (shantytown slums), guardaespaldas (bodyguards) and other “fun” things that go with widepsread economic misery, I call this site “a wake-up call.”

  • Jodie Lynn Gaeta

    A “liberal” doesn’t mean the same thing in the U.S. as if does in the U.K. Here we mean someone who believes in greater government interference for the common good. Over there liberal means what we call “libertarian”.

  • George Reichel

    So by 2019 things will be ok?Yeah right!

  • nohomehere

    Dear Michael, Why do you have so much optimism for this ages ungodly continuance! I’m personally of the belief that all this is a final act in the fullfilment of God’s plan! The hope of the saints to see his kingdom on earth and the revenge God is going to exact Rev 6: 10 It is just being released over a long period of time , unlike the concept of a fast end! true the harlot will be burned in one hour but that is but a step towards the antichrist domination ! I think everone has their priorities messed up! It’s not weather we get but rather can we give! May God show more and more His True Grace and allow us to except his only son Jesus as our propitiation for our sins and enlighten the paths of our minds by his holy spirit to the end of days!

  • margaretbartley

    It was only for a very few decades in mid-century America that “working class” and “middle-class” were interchangable. Traditionally, military conquerors became the ruling class, and the conquered became the peasants. As society industrialized, the underclass became the working class. The middle class were rich people who had to work for a living – successful artists, doctors, architects, merchants, etc.

    What is really going on is that American working class is becoming more like the working class on the rest of the planet.

    The reason trains work so well is Europe is because working class people can’t afford cars, and the bosses need to get their people to work. In most places, people like nurses, pharmacists etc live in concrete cinder block apartments with plastic furniture and if they are lucky, they drive a moped.

    Semi-skilled labor, like factory workers and truck drivers live with the whole family in a tiny apartment, and unskilled workers live in a slum with the water down the street.

    A deliberate decision was made in the 70s by the people who own the US media and US politicians to make the American working class more like the working class in the rest of the planet, who cannot afford cars, to own their own homes, take vacations, send their kids to college, etc.

    For several decades, US trade policy and corporate investment policy has been to move production to Asia. I personally lobbied all my elected representatives back in the late 90s, as I saw the articles in the Asian financial press change from announcing American companies moving millions of dollars of investment to Asia, to moving tens and hundreds of millions of dollars. There were dozens of articles every week. Meanwhile, American voters were being distracted by abortion and gay rights.

    Jobs follow investments. American companies are still moving production overseas. It’s pretty obvious to me that they are trying to convince American to go deeper into debt. Quit buying stuff at the mallls. Save your money. Double up . Move close to work. Most people won’t even share a kitchen, much less a bedroom.

    Get over it. And learn to pay attention to things like US trade policy and the current propaganda on carbon tax emissions, and quit getting distracted by what Ralph Nader called “gonad politics”.

  • knowyealso

    And the dictionary definition of feminism is equality between the sexes. In reality it is the marxist religion of man hate and perpetual victim hood. Go sell your snake oil elsewhere.

  • JacqFlint

    I’m on Social Security, which doesn’t pay all my my bills. I have no credit card debt – just a mortgage, car and utilities. I applied for assistance and receive $59 a month in food stamps. Not enough at today’s prices (and I eat sparingly). So, here’s my plan. I’m going to drop my car insurance, surrender my driver license and ride my bike to the grocery store once or twice a week. In May 2016, when I pay off my car, I’ll get insurance and a DL again. I’ve already reduced costs drastically. I built an antenna and have free HDTV. I pay $17/month for the cheapest, slowest internet, which is as fast as what I used to have. I’m in the process of building a rocket mass heater so I can use the wood on my property to heat my home. Never again will I allow myself to be raped by propane companies.

    I had always heard that Social Security benefits were determined by the highest 40 quarters worked. Seems that has changed. It is now the last 40 quarters worked. For a lot of people, that works just fine. But I don’t fit the mold. When I retired, I was making less than I did in 1990. I don’t regret my choices, but I’m angry at yet another way the government is shafting us.

    With all that said, I am happy and at peace. I have a little garden – it will be bigger next year. And I use Heirloom seeds that reproduce viable seeds for future harvests, not the sterile ones they sell everywhere.

  • Will-I-Am

    One of the problems slowing economic growth is technology. I recently did some contracting work at a new Amazon distribution plant in Ruskin, FL and noticed that Amazon was investing more money into the development of robots that could fill orders instead of hiring and training workers.

    It is capitalistic greed and corporatism that will be the downfall of America above anything else. Say goodbye to the America that you once knew because in order for the “old America” to be resurrected, the evolution of technology must stop. And it’s not going to stop because capitalism and technology are in a symbiotic relationship.

    It was good while it lasted…

  • lefty62366

    Some people make me laugh. People have to resort to name calling, and then belittle people. Such as metrosexual and modicum. Look up modicum this person copied it almost verbatim from the thesaurus/dictionary. “He hasn’t even a modicum of common sense.” Sometimes people do a wikipedia research project and copy. All to sound superior and sophisticated over someone else. Cut me break. Get a life.

Finca Bayano

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