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

The Prepper's Blueprint

The Mystery Of The Shemitah
Don't Buy Survival Food Until You Read This - If you stockpile the wrong foods, you could be setting your family up to starve. It sounds harsh, but the truth is too many people with good intentions are making critical mistakes with their food stockpiles. Watch this video now >>
The End of Obama? Approaching Obama scandal could change the White House Administration and our country overnight... Click Here
Gold Buying Guide: Golden Eagle Coins

Archives

Young Living Thieves Oil Spray

Tipping Point: 25 Signs That The Coming Financial Collapse Is Now Closer Than Ever

The financial collapse that so many of us have been anticipating is seemingly closer then ever.  Over the past several weeks, there have been a host of ominous signs for the U.S. economy.  Yields on U.S. Treasuries have moved up rapidly and Moody's is publicly warning that it may have to cut the rating on U.S. government debt soon.  Mortgage rates are also moving up aggressively.  The euro and the U.S. dollar both look incredibly shaky.  Jobs continue to be shipped out of the United States at a blistering pace as our politicians stand by and do nothing.  Confidence in U.S. government debt around the globe continues to decline.  State and local governments that are drowning in debt across the United States are savagely cutting back on even essential social services and are coming up with increasingly "creative" ways of getting more money out of all of us.  Meanwhile, tremor after tremor continues to strike the world financial system.  So does this mean that we have almost reached a tipping point?  Is the world on the verge of a major financial collapse?

Let's hope not, but with each passing week the financial news just seems to get eve worse.  Not only is U.S. government debt spinning wildly toward a breaking point, but many U.S. states (such as California) are in such horrific financial condition that they are beginning to resemble banana republics.

But it is not just the United States that is in trouble.  Nightmarish debt problems in Greece, Spain, Portugal, Ireland, Italy, Belgium and several other European nations threaten to crash the euro at any time.  In fact, many economists are now openly debating which will collapse first - the euro or the U.S. dollar.

Sadly, this is the inevitable result of constructing a global financial system on debt.  All debt bubbles eventually collapse.  Currently we are living in the biggest debt bubble in the history of the world, and when this one bursts it is going to be a disaster of truly historic proportions.

So will we reach a tipping point soon?  Well, the following are 25 signs that the financial collapse is rapidly getting closer....

#1 The official U.S. unemployment rate has not been beneath 9 percent since April 2009.

#2 According to the U.S. Census Bureau, there are currently 6.3 million vacant homes in the United States that are either for sale or for rent.

#3 It is being projected that the U.S. trade deficit with China could hit 270 billion dollars for the entire year of 2010.

#4 Back in 2000, 7.2 percent of blue collar workers were either unemployed or underemployed.  Today that figure is up to 19.5 percent.

#5 The Chinese government has accumulated approximately $2.65 trillion in total foreign exchange reserves.  They have drained this wealth from the economies of other nations (such as the United States) and instead of reinvesting all of it they are just sitting on much of it.  This is creating tremendous imbalances in the global economy.

#6 Since the year 2000, we have lost 10% of our middle class jobs.  In the year 2000 there were approximately 72 million middle class jobs in the United States but today there are only about 65 million middle class jobs.

#7 The United States now employs about the same number of people in manufacturing as it did back in 1940.  Considering the fact that we had 132 million people living in this country in 1940 and that we have well over 300 million people living in this country today, that is a very sobering statistic.

#8 According to CoreLogic, U.S. housing prices have now declined for three months in a row.

#9 The average rate on a 30 year fixed rate mortgage soared 11 basis points just this past week.  As mortgage rates continue to push higher it is going to make it even more difficult for American families to afford homes.

#10 22.5 percent of all residential mortgages in the United States were in negative equity as of the end of the third quarter of 2010.

#11 The U.S. monetary base has more than doubled since the beginning of the most recent recession.

#12 U.S. Treasury yields have been rising steadily during the 4th quarter of 2010 and recently hit a six-month high.

#13 Incoming governor Jerry Brown is scrambling to find $29 billion more to cut from the California state budget.  The following quote from Brown about the desperate condition of California state finances is not going to do much to inspire confidence in California's financial situation around the globe....

"We've been living in fantasy land. It is much worse than I thought. I'm shocked."

#14 24.3 percent of the residents of El Centro, California are currently unemployed.

#15 The average home in Merced, California has declined in value by 63 percent over the past four years.

#16 Detroit Mayor Dave Bing has come up with a new way to save money.  He wants to cut 20 percent of Detroit off from essential social services such as road repairs, police patrols, functioning street lights and garbage collection.

#17 The second most dangerous city in the United States - Camden, New Jersey - is about to lay off about half its police in a desperate attempt to save money.

#18 In 2010, 55 percent of Americans between the ages of 60 and 64 were in the labor market.  Ten years ago, that number was just 47 percent.  More older Americans than ever find that they have to keep working just to survive.

#19 Back in 1998, the United States had 25 percent of the world’s high-tech export market and China had just 10 percent. Ten years later, the United States had less than 15 percent and China's share had soared to 20 percent.

#20 The U.S. government budget deficit increased to a whopping $150.4 billion last month, which represented the biggest November budget deficit on record.

#21 The U.S. government is somehow going to have to roll over existing debt and finance new debt that is equivalent to 27.8 percent of GDP in 2011.

#22 The United States had been the leading consumer of energy on the globe for about 100 years, but this past summer China took over the number one spot.

#23 According to an absolutely stunning new poll, 40 percent of all U.S. doctors plan to bail out of the profession over the next three years.

#24 As 2007 began, there were just over 1 million Americans that had been unemployed for half a year or longer.  Today, there are over 6 million Americans that have been unemployed for half a year or longer.

#25 All over the United States, local governments have begun instituting "police response fees".  For example, New York Mayor Michael Bloomberg has come up with a plan under which a fee of $365 would be charged if police are called to respond to an automobile accident where no injuries are involved.  If there are injuries as a result of the crash that is going to cost extra.

Be Sociable, Share!
  • Mark Q. Petola

    “… as our politicians stand by and do nothing. ”

    U.S.A. is a free market economy.
    Do not mess with the invisible hand of a free market, that is: Governement, keep your paws off of the free market. Let the free market take care of the depression! No better than the free market!

    Why cry for help from the politicians and the government?

    Or maybe the free market religion is not totally correct? Maybe free markets need some regulation?

  • Ken

    This “Karen” talks about stereotypes (including opinions). She misses the point that stereotypes are mostly correct

  • andy

    yea the dollar is going to collapse the more they spend the faster it will, will you be living in this bloody country when the **** hits the fan?!

  • MaryBethC3

    There are some good comments here but how about some solution-oriented ideas for the average Main Street person already struggling? I am wondering what people are doing to safeguard whatever assets they may have left after 08 such as Mutual Funds that are being managed by a solid investment company. I am wondering how the little people can find out what people in the know are doing. I know there are no magic bullet solutions but I bet there is are some good ideas circulating.

  • Kim

    Solutions? Get your money out of the market and buy your own private stock of wheat, oats, beans…seeds. It’s gonna come crashing down. I am amazed it hasn’t yet. Most people I know are still living like its going to get better in just a few more months.

  • joseph leonaitis

    The federal government is preparing for this eventuality.
    1). There is a massive underground building by the feds. They will hide during the inevitable horror.
    2). Haliburton has a contract to build stockades on all military bases, including 3 temporary ones.
    3). An Indiana railroad car manufacturing facility,has built the first prototype restraining car for rioters,looters,etc,for the feds.
    4). The feds cannot confiscate guns,so the will overprice or make scarce ammunition.
    5)Pray for a miracle.
    FINIS PAX

  • joseph leonaitis

    The gold bubble is next to burst. There is not enough gold to cover all the paper purchases.

  • CHARLIE BENSON

    IF IT WERE NOT FOR OBAMA AND HIS MARXIST/COMMIE GOVERMENT PLANS AND HIS WANTING TO BE “GOD” I WOULD TOUGH IT OUT HERE IN THE UNITED STATES, BUT IT IS TOO LATE…I AM OUT OF HERE JUST AS SOON AS I CAN FIND A PLACE IN COSTA RICA.

  • http://christiewall.co.cc/ Christie Wall

    Why not simply view 2 websites I found – exactly on point with a /the solution: cafr1.com taxretirement.com Why are these sites not getting attention?

  • Steven Anderson

    You and about 400,000 other Americans that have already moved there. I too am looking for an escape hatch. Collapse of this country is inevitable, and our leader is ushering it in as fast as he possibly can in order to trap most of the population.

  • DG

    Gary2
    You should just quit trying to justify your point, You have been hammered by responses here, EVERYONE knows your wrong and I suspect you know your wrong. Quit while you’re behind because you’ll never get ahead in this debate.
    Sorry if it hurts, but people like you probably weren’t meant to survive infancy.

  • Pingback: Friday Five for November 25 « Thoughts on Business and Faith

  • Freedom Lost on 911

    Ronald Reagen stated he “would turn America into a consumer nation” no one was listening to the words, just clapping and cheering, now they wish they had listened to their “Great Leader” who assisted in the destruction of America as we knew it! Just keep listening to politicians and keep reaping those awsome socialist benefits like unemployment and loss of a home…and I always considered myself “not as bright” as some educated people..but hey..I’m a freeking GENIUS considering how most Americans have been dumbed down “by their school indoctrination centers”!!!

Emergency Essentials/BePrepared
Agora Financial
Thrive Life
FEMA Hates This

Austin Coins
Family Survival Plan - Check This Out!
High Blood Pressure?
The End Of America?
MHAdNew_125x125 copy(1)
FINCA BAYANO
Survive After Collapse

Silver.com

Camping Survival
Facebook Twitter More...