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

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Where Is The Recovery? A Higher Percentage Of Americans Had Jobs Three Years Ago

Where Is The Recovery?If you think that the latest employment numbers are good news, you might want to look again.  In April 2013, 58.6 percent of all working age Americans had a job.  But three years ago, in April 2010, 58.7 percent of all working age Americans had a job.  Well, you may argue, that is not much of a difference.  And that is precisely my point.  The percentage of Americans that have a job fell like a rock during the last recession.  It dropped from about 63 percent all the way down to below 59 percent, and it has stayed below 59 percent for 44 months in a row.  So where is the recovery?  This is the first time in the post-World War II era that the employment-population ratio has not bounced back after the end of a recession.  So anyone that tells you that we are experiencing an employment recovery is lying to you.  Yes, the U.S. economy added 165,000 jobs last month.  But it takes nearly that many jobs just to keep up with population growth.  The truth is that we are just treading water.

So why has the unemployment rate been going down?  Well, it is because the government has been pretending that millions upon millions of unemployed Americans “don’t want jobs” anymore.  In fact, an astounding 9.5 million Americans have “left the workforce” since Barack Obama took office.

Some in the mainstream media have started calling them “missing workers”.  But whatever label you want to use, the reality of the matter is that they are really hurting.  They are part of the reason why food stamp enrollment has soared from 32 million to more than 47 million while Barack Obama has been in the White House.

If you still believe that the employment market is getting better, just look at the following numbers.  The percentage of working age Americans with a job has been sitting at about the same level for four years in a row…

April 2008: 62.7 percent

April 2009: 59.8 percent

April 2010: 58.7 percent

April 2011: 58.4 percent

April 2012: 58.5 percent

April 2013: 58.6 percent

So why is everyone getting so excited over the latest numbers?  When you step back and look at what has happened to the employment-population ratio over the past decade it really is quite horrifying…

Employment-Population Ratio 2013

So exactly what part of that chart are we supposed to get excited about?

Yes, I suppose that we should be thankful that the percentage of Americans with a job has not continued to decline over the past few years.  Unfortunately, the next major wave of the economic collapse is rapidly approaching and that is going to make our employment crisis far worse.

A recovery was supposed to already happen by now.  Now we are running out of time before the next major downturn strikes.

And things have been particularly hard for our young people.  Even if our young people do go to college, there is a very good chance that good jobs will not be waiting for them once they graduate.

According to Accenture’s 2013 College Graduate Employment Survey, 41 percent of all Millennials who graduated from college during the past two years are working in jobs that actually do not require a college degree.

And a different survey conducted a while back found that 53 percent of all college graduates under the age of 25 are either unemployed or underemployed.

Perhaps you have noticed this.  Perhaps you have noticed that there seems to be large numbers of young people that are living with their parents or that can’t seem to get their lives started.

It is because the economy is not producing enough jobs for them.

We have shipped millions of good jobs overseas, we have replaced millions of jobs with technology, and we have created an economic environment that is murdering our small businesses.

Sadly, the future does not look bright for the American worker.  The big corporations that dominate our society are feverishly trying to increase profits by getting rid of as many “expensive” American workers as possible.  That is one of the reasons why corporate profits as a percentage of GDP are at a record high, but wages as a percentage of GDP are at an all-time low.

At this point there are more than 101 million working age Americans that do not have a job, and that number is going to go a lot higher in the years ahead.

But the financial markets seem to be absolutely thrilled with the present state of affairs.  The latest employment numbers caused the Dow to shoot past 15,000 and the S&P 500 to push past 1600.

Of course stocks have become completely and totally divorced from economic reality, but this does happen from time to time and it never lasts forever.  At some point there will be a rude awakening.

And I anticipated that we could potentially see the Dow hit 15,000 before it finally crashed.  Back in February, I made the following statement…

Right now, everyone seems to be quite giddy about the fact that the Dow is marching toward an all-time high.  And I actually do believe that the Dow will blow right past it.  In fact, it is even possible that we could see the Dow hit 15,000 before everything starts falling apart.

Well, now we have seen the Dow hit 15,000.  But that doesn’t change any of the long-term trends that are absolutely eviscerating our economy.

So enjoy this bubble of false hope while you can.

It will not last much longer.

The Beginning Of The End by Michael T. Snyder

  • markthetruth

    Talking About a Overweight Issue In the U.S. Just Look at the DOW, it’s Being Fed so much DOE it won’t be able to stand on it own two feet and will Collapse.

    the end…

    • Overman18

      Called Jobs are not around anymore. The ones are being replaced by Low Paying Ones

      Check: Dailyjobcuts com
      -

      • markthetruth

        Corporate Profit’s is all That Counts these days so Higher Profits for Stock Holders at the Expense of the Laborer . Go figure ! You work But a Stock Holder Get’s Money for your Hard working.

        the end…

  • K

    Michael, the MSM are liars. If they ever tell the truth, I assume it is an accident. There is no recovery, and as things stand now, there can be no recovery. Without a healthy middle class, recovery is not possible.

    • kfilly

      It is my belief that there was never intended to be an economic recovery. The Marxists in our gubernment want the system to crash. The Cloward-Piven strategy is to overwhelm the gubernment and forcing it to collapse. It is the reason why the border is unsecure, we provide aid to illegal aliens, and we are going to create a culture where more illegal aliens cross the border. All of those benefits are paid for with borrowed money. The Federal Reserve is in on the act. By monetizing the debt, the Fed is keeping interest rates low which punishes savers while causing inflation. These policies are crushing the middle class. Most middle class people I know are struggling. Once the middle class becomes poor, they will become dependent on tge gubernment (more Cloward-Piven). Throw in the fascist policies (fascist policies are those designed to regulate small businesses out of business) of Obamacare, Cap and Tax, and the proposed internet sales tax and one should see where this is going. We are in the middle of an economic coupe designed to give us the “Change we can believe in” (AKA communism). The gun control is necessary to “keep power”, and tge war on Christianity is a caused by a Marxist that all Christians suffer a form of mental retardation. That is sick coming from baby murdering POS.

      • kfilly

        Sorry for the typos as I posted from my phone. The second to last sentence was supposwd to read …Marxist belief that all Christians suffer a form of mental retardation.

        • K

          I understood you just fine. Fascist do not care for Christians either. Know this, A truly wise man, never thinks he is wise. Because he knows, what he does not know. A man who thinks he is wise, is a fool. Because he does not even know, what he does not know. People who think Christians are retarded or fools, I put in that second group.

    • kfilly

      K,

      I have read many of your posts on hear, and I agree with pretty much everything you are saying. I would like to communicate with you outside of this sight if you would be interested. My e-mail address is:
      kfilly3473@hotmail.com
      You seem like you are pretty well prepared. I don’t want to ask about your preps. I am just looking for some advice. I also have a few ideas that stem from my career that may be useful for you. If you interested/willing, shoot me an email.

      Thanks,
      Keith

      • K

        Thank you for the kind words, but I must decline. Even though I had no high position with the Government, nor do I know any dark secrets. The Government still keeps track of me. Any new friends, I suspect the Government would be keeping track of them. If there are questions you could ask here. I would be happy to answer them. Michael is very good about that sort of thing.

  • markthetruth

    Marxism – the economic and political theories of Karl Marx and Friedrich Engels that hold that human actions and institutions are economically determined and that class struggle is needed to create historical change and that capitalism will ultimately be superseded by communism.

    the end…

  • Bigg Donn

    With respect to the jobs that *DO* exist, would be nice to see a graph of percentage ofthose jobs that are MinWage to MinWage+$2/hr over the same time period. Bet the *quality* of jobs has also been going downhill….

    • DiscouragedOne

      The lamestream news article I read earlier today said most of them ARE low wage, retail, etc.

    • http://www.facebook.com/john.spofford.3 John Spofford

      Look at the government’s own numbers: the average hours worked per week declined. This tells me that these new jobs are 29-hour-per-week Obamacare specials.

      • DiscouragedOne

        The problem is, too many people don’t read to the 4th or 5th paragraph of the article where they start admitting the jobs are not “good” jobs.

  • markthetruth

    There are Engineering jobs and Programming Jobs But !
    They take alot of Studying, and hard Work to earn. But our Human Race now thinks the Journey we are on of Entertainment and Sports and What they see on TV is Work. So India,China,Russia are Taking these Jobs though Agency and Get Payed well. Our Laziness is Others Gain.

    the end…

    • Bad_Mr_Frosty

      BS, Chinese and Indians will work for citizenship. Americans cannot survive on slave wages. Tech jobs are being “insourced” to immigrants who don’t have $80,000 in student loans they need to pay back.

      • DiscouragedOne

        I work in IT and I can attest more and more are being brought in to do these jobs, but Americans who can do them are also being hired. I can say this as I know people who do them, none of them are out of work and all of them make decent money. The only programmers I have ever known out of work were ones that did things like COBOL and mainframes and never upgraded their skills, so they became obsolete. I can say the same thing for medical, somebody I know recently graduated high in their nursing class, had a good job before they were done with school.

  • markthetruth

    I can Make one Prediction That will Always be True.

    Is That as Long as You are alive ” The Earth Will Still Be Round “.

    the end…

    • jo6pac

      Yes true today but with corp. attacks on Mother Nature it might not be true in the future;)

      • markthetruth

        Not Just Corps. Its all human’s Have no respect, i see everyone throwing garbage everywhere ,land, water and air(with their auto’s)

        the end…

  • SWANK

    This economy is just like it was during the Great Depression. This country has reverted back 80 years. What jobs that are out there, they will have a line around the building where there will be fencing around the building and people will be begging for jobs just so they can make enough to feed themselves and their families. That’s how the corporations want it. They will play one country off another to see where they can pay the lowest wages.

    • markthetruth

      No that’s not the case. Times changed it’s now a global economy, what we have know is a Huge Work Pool and use WorkShare .
      Supply and Demand. Large supply = lower price.

      the end…

      • RICHARD

        Mark isn’t that what Swank just said??

        • markthetruth

          No because 80 years ago was a different situation. And it’s Global there not playing country against country . It’s a Global work Pool such as O’Desk where the smartest get the job. So it’s a Knowledge based selection also. Which we lag in Programming , math, and engineering .

          the end…

          • Bad_Mr_Frosty

            The “STEM” shortage of American workers is a myth! If there really was a shortage of STEM graduates in the US, supply and demand would cause the wages in those occupations to rise. Instead, the wages for technology and engineering positions are going DOWN. There is a glut of STEM workers and legal immigration from China and India is making it worse, further driving down wages in those fields down.

          • DiscouragedOne

            The recent engineering grads I know got good jobs and a very good starting salary. None of the good programmers I know are unemployed and they all make good money. Therefore, I do think they are in demand.

    • Robust

      The 1930s Depression was slightly different—there wasn’t a rapid change of globalization as of the post-2000s.
      The biggest risks to Americans today are corporations offshoring jobs and corporations bringing in temporary workers. The small man will suffer but the fat cats will make more money. I advise people NOT to protest on the streets, but form an online movement and boycott the corporations. DON’T PROTEST because the government will put agents to wreak havoc on the protests and blame the protestors- G20 protest in Canada for example.
      Martial law is coming soon and the Obama government is waiting for some group to protest so they can enforce martial law on the citizens.
      Gold, silver and other precious metals might be confiscated when martial law kicks in and Americans might be forced to fight another war in the Middle East.

      I just want peace on earth but these economic depressions ultimately lead to clash of civilizations and war :-(

      • Louise in MO

        I agree. History has shown that War has been the answer to financial collapses. It’s a sorry excuse for a war, but it appears we are headed in that direction…..soon.

    • DiscouragedOne

      I think we can look at other countries and get a pretty good idea of the future.

  • curious

    I’m curious which professions you all think are the most recession/depression proof?

    • markthetruth

      Math , Programming C++
      Science, Engineering
      Biology, Healthcare

      the end…

    • Robust

      Funeral owner, College/University Professor, Members of Congress, CEO of a bank, Wall Street fat cats, Grocery store Manager, Doctor, Pharmacist, Gynacologist, Barber, etc.

      • iceman

        Scratch the funeral home owner/worker of the list. I used to be an undertaker and I thought that I would NEVER be out of work! So many people are doing the immediate cremations now that a skilled undertaker is no longer required. Just wrap them in a sheet, place them in a box, load them in and light it up. A fourth grade dropout could do all of that now!

    • http://www.facebook.com/john.spofford.3 John Spofford

      Bread line baker, soup line cook, whorehouse piano player…

  • Hellfire1968

    I love how everyone(sheeple) thinks the stock market is an indicator of the economic health of our country.
    Glad Michael exposes the hidden truth underneath all of the lies presented by MSM.

    • markthetruth

      Because they are the ” INSIDERS ”

      the end…

    • MichaelfromTheEconomicCollapse

      Thank you. :) I hope that people will also enjoy my new novel entitled “The Beginning Of The End” which will be out next week.

      Michael

      • markthetruth

        Where online will available to Puchase.

        thanks

        the end…

      • Rodster

        What’s the book about?

      • Bruce

        Does the novel take us into and past the collapse and into what you perceive life will be like for the average person post collapse?

      • http://www.facebook.com/ulysses.griffin Ulysses L Griffin

        Yay! I’ve been waiting for that book of yours! I will definitely get a copy in Kindle format. But with it coming out so soon, I thought I’d be able to see it in its pre-release state on Amazon and read the description for it and get it feel for it before it’s released; but I can’t find it on Amazon….

    • Jodi

      I know, I just recently had to tell someone not to base the economy on the stock market.

  • glamandvampallround

    For myself I am amazed at how long it has taken me to find work doing something as basic as waiting tables….two years!!!! I have applied and applied and applied, both online and in person, and I am glad I ran across two guys talking about this site as it confirmed what I suspected. Things have drastically changed. I remember back in 2005 I was frustrated at the job I held then and went to four different restaurants in one day and applied. Three called me back, one within five minutes of submitting the application. Methinks those days are gone way by now. I am grateful for the unemployment that has kept me afloat but all I really wanted to do the past two years is just work…..just glad to have found five months of work in Utah, what I do after that I don’t know, but at least I have the next five months covered…..

    • saintmatty

      Should have been around in the 1970’s and 1980’s. I used to quit a job and walk around the corner knock on the back door and get hired on the spot. I never had to fill out an application, have a resume, college, or B.S about myself to get hired. America was once a place where a person could start at the bottom and work their way up to running the company. Not anymore!

      • Tim

        Yeah, back in the late 1980s and early 90s, I got just about every job I applied for. Granted, they weren’t great jobs, but I was just a kid.

        • jaxon64

          when I was a youngster in my late teens early 20’s–before I went to med school–I was a roofer. I could quit one job or get laid off because of slow business. I would literally pick-up a phone book and call roofing companies in the yellow pages and ask if they were hiring. I would be told to show up the next day at $15 an hour in just a few phone calls. Did this more than once…

          Now I don’t believe roofers even make $15 an hour any more–you can get 2 Guatemalan or Nicaraguan workers for $15 an hour.

          I hate hearing ” immigrants do the jobs that Americans won’t do”…no, immigrants drive down wages, live 20 people to a house, claim 10 exemptions on W-4’s, send billions out of the country to their “home” countries, and make entire trades now at slave wages that Americans can’t care for their family with.

          PS: If you think employment problems are bad now, wait until we get full amnesty. There will be an influx of millions and millions of peasant laborers and service industry people. The middle class will die and the poor will be condemned to hopeless poverty.

          • http://www.facebook.com/mykel.scott.77 Mykel Scott

            The middle class these days is goverment workers at all levels.

            The new working class these days makes 23 k and gets 29 k in goverment benefits.

      • Robust

        You are a lucky fellow. I’m 24 and I have to compete with thousands of college and university degree graduates for a McDonalds job. Did you know those fast food restaurants sometimes bring in temporary workers to work in the shops?
        I think unnecessary mass immigration and globalization has reduced the job prospects. The neighbor up north Canada brings in 250,000 immigrants and about 350,000 temporary workers a year even after the 2008 economic collapse. Most of them move to Vancouver or end up in America competing for jobs.
        Globalization is not good for the citizens, only corporations.

    • https://www.facebook.com/beth.s.owens1?ref=tn_tnmn Beth

      you were unemployed? Dear Gods! If you had been in my neck of the woods you would have been hired quick!

      • glamandvampallround

        Beth, I am in Phoenix and people just are not eating out here like they used to. Also my age works against me when competing for what few jobs do open up. I tried to get back on at the Grand Canyon and at other seasonal places I once worked at but found it was much much much more competitive to get these jobs now, too. Where are you if I may ask? I’m guessing somewhere between Texas and the Dakotas, that belt where things are not as bad overall as elsewhere?

        • https://www.facebook.com/beth.s.owens1?ref=tn_tnmn Beth

          The beautiful rolling Flint Hills of NC Kansas! And heavens to Betsy YES an older server is so much to be desired. Or shall I say mature:) Teens think work is a hangout hut and are addicted to their cell phones! This is the new normal it seems, grrrr.

        • peaceangel

          How are you in Phoenix and Utah at the same time?

          • glamandvampallround

            I am leaving for a job in Utah this coming Tuesday and start the job this coming Thursday. Until then I am in Phoenix.

  • armycommando

    The FED will kill us all and throw us against the wall when no else can seem to see and I was not the only one. The reckoning has already begun.

  • MichaelfromTheEconomicCollapse

    I have posted a couple of other new articles that you all might want to check out as well.

    When Is The Government Going To Shut Down Bitcoin?

    http://endoftheamericandream.com/archives/when-is-the-government-going-to-shut-down-bitcoin

    America Is Embracing The Secret Police Culture Of The Nazis

    http://thetruthwins.com/archives/america-is-embracing-the-secret-police-culture-of-the-nazis

    Michael

    • Tim

      You’re a writing machine. :-)

      • markthetruth

        No ! He’s a Logical Knowledge Human, with a common Sense view of a Chaotic society that is Destroying what was given to us on a Silver Platter . And That’s able to communicate to the ones who can see past the Fog that Blankets Most right now. And pass it on to you.

        the end…

  • Bruce

    Let me tell you how bad it is. The company I work for provides transportation for railroad employees going to and from trains and departure points. They will NOT let us make over 32 hours PERIOD. The upcoming Obama care causes that. Well just today my boss told me he had no even a slice of bread in his house. He is a bad diabetic and obviously has to eat. He called his boss and tried to get a loan on his upcoming check, which they denied of course.
    I am fortunate in that I just work part time and am okay with that because I can make it on that. I was also fortunate enough to have plenty of groceries in the house. So, I made up a huge pile of groceries from my cabinets and stores and took it to him. A man with a lot of pride reduced to tears. Things are bad people for MANY. Please help them where you can.

    • glamandvampallround

      Thank you for helping this man….we need more of that, way more of that. Your gesture has given me some hope, thank you.

      • markthetruth

        Unfortunately most people do these kind of act’s of this sort don’t do it out of Heart but to get recognition. Or only when their is a Catastrophic Event .

        the end…

        • DiscouragedOne

          I give to food pantries, because I cannot discern who needs help or who just wants free stuff, and I don’t like to hand money to anybody in the street as you don’t know what they will spend it on (but you only see people begging money around Detroit, nowhere else, at least not yet). If I knew somebody in that situation, for sure I would help, I have in the past and would in the future.

        • crusader2010

          Give quietly, and under the radar. the person being given to, keeps his dignity, and you get the knowledge that you helped another without hope of reward. Some of us remember the biblical lessons we were taught in our youth.

        • Rabid Cat

          Well done sir.

    • https://www.facebook.com/beth.s.owens1?ref=tn_tnmn Beth

      Amen brother…..beautiful.

    • markthetruth

      I know a couple of Parent from my kids school who houses are in foreclosure and just wai

      • James7

        I’m a frequent visitor of this site but don’t comment that often. I just wanted to say god bless you. Even though you were struggling you still cared enough to help him. It’s a shame these acts are rare but that’s only makes them more valuable. I hope everything works out for you and your family my friend and god bless.

    • Jeremy

      Thank you for helping this man. It does my heart good to hear of your generosity.

    • James7

      Sorry I replied to the wrong comment. This was replying to Bruce’s comment:
      I’m a frequent visitor of this site but don’t comment that often. I just
      wanted to say god bless you. Even though you were struggling you still
      cared enough to help him. It’s a shame these acts are rare but that’s
      only makes them more valuable. I hope everything works out for you and
      your family my friend and god bless.

    • DiscouragedOne

      People like you give me faith in humanity.

    • Mondobeyondo

      May God bless you for helping that gentleman. You never know what circumstances in life will come up and throw you for a loop if you aren’t prepared. Many people will not tell you if or when they are in a desperate situation. It’s a matter of pride. And you are right, things are much worse for many than they may seem. Most don’t see it, because they try to hide it. It’s just like a wounded animal – don’t show the world you’re sick or wounded, or you’ll end up as some other creature’s dinner. Maybe humans are the same way in that respect.

  • Stezie

    At this point, I wonder how many people will survive the coming crash. I read one study which states that the average American household has enough food for only three days. So when the crash arrives, preppers will have three days at the most to hunker down and makes final preparations before the flood gates open. I can only as many as possible survive and even thrive in such times.

    This society may dissolve, but a new will have to rise in its place.

    • glamandvampallround

      Ive been wondering if this is the case, what kind of society will emerge and will it be better or worse than what we are enduring now? I guess only time will tell on this but Im trying to be a glass half full on this one.

  • bobcat

    The spin doctoring from the media is relentless. No matter how bad things get for working people, they always cook up some angle they can gush about. The media is essentially a ministry of propaganda.

    • DiscouragedOne

      So true, they cannot be trusted AT ALL.

  • jRex918

    the venus project is our way out of this mess; any other solutions are just temporary

  • chilller

    Anyone who’s read Bob Weidemer’s book, Aftershock has known for a while now how this is all going to end as they tell of the last 2 bubbles to burst…bonds and the dollar. He admits in his book, his view of the economy is like that of a plane at 35,000 feet looking down and able to see where they’ve been, where they are and where they are going but not close enough to focus on any one thing. Michael’s view is unique because he is on the ground, knows where it’s all going and points out all the landmarks along the way…almost like following bread crumbs into the mouth of the lion. Thomas Pain would be proud.

  • chilller

    With the exception of a few malcontents who read Michael’s articles daily, I don’t know of anyone who would not love to have a copy of, “The Beginning of the End”. Which leads me to the question, does Michael have plans for book signing events at anytime in the future? I for one would love to have a signed copy!

    • MichaelfromTheEconomicCollapse

      When the paperback version comes out I would be glad to sign copies for people. :)

      Michael

  • Obamney sheep

    Thank you Big Brother for increasing the chocolate ration to 20 grams.

  • Defiant White

    You’ve been predicting an economic collapse for years. Like a stopped clock, I guess you’ll eventually be correct, won’t you? Then you can tell everyone how right you were . . .

    Here’s the problem I have with you: You’ve been scaring people for YEARS, unnecessarily . . . and you never take responsibility for being wrong.
    The truth is that you really don’t understand the global economy because you’re not an INSIDER and don’t know the decisions being made. Yet The Little People read this garbage, mistake it as “analysis” and instead of seeking additional information, take what you say as gospel. That leads them to make stupid money management decisions.

    But hey . . . it keeps the blog popular so who cares about the little people, huh?

    • kfilly

      Isn’t it better to be warned ahead of time instead of after the fact? I am preparing, I got into the scene late. In a sense, I blame my firefighting job as my salary has been isolated from what the private sector has been going through. I have not experienced pay cuts or reductions in benefits until recently. Now, I am playing catch up. I have another family member with more means helping, but I wish I had more time to prepare. My question for you is what does our debt level have to reach before we collapse? Who is producing high paying jobs these days besides the gubernment? Costs are going up and wages are stagnant or dropping. That doesn’t sound like the recipe for success to me.

    • saintmatty

      I have reasoned in like manner as you have. We have to look at the rest of the world too. Pakistan and Argentina on the verge of collapse and civil wars. Europe on and in collapse. It is hard to believe that our beloved America could actually fall. We see signs daily not only in the economy, but in our morals and degradation of our once common beliefs. The things that made us a great people and country that are going away. Look around and open up the eyes. Read the news and look for other news sources. I had no idea that Pakistan was having such troubles until tonight. The media is doing selective reporting. America can collapse just as easy as any other country. Hard to believe or imagine, but it could.

      • ian

        You see, this is where the fear and misinformation gets people. I just returned from Europe and there are little to no signs of economic collapse and despair and turmoil. Things are not as chaotic as this sights leads you to believe. In fact, most Europeans i spoke to over there are doing just fine. So, it begs the question, who is right and who is just exaggerating world problems for profit.

        • Petal

          I know several people from France, Italy, Spain and Greece and they said they can’t find jobs. Maybe the rich are doing well. Austerity in Greece caused huge riots. Increasing tuition fees in UK caused riots. The world is not okay pal, Don’t let the rich people fool you Sir!

    • wiseconsumer

      I wish I was reading this blog from 2005-2008 and I would be more confident to ride the upcoming economic collapse. Almost 5 years past the collapse, the world is in a complete chaos. Many countries in Europe have 20% unemployment rate and jobs are being devalued to sweatshop labor. It costs $2.00 to make that shirt but the corporations charge $200 for it. Who makes the filthy profits? What happened to community in self-sustainability?
      Another, If I had 1.00 saved up in 1980, that same 1.00 at cost would not even purchase half of the goods that I could have bought in 1980 # inflation.

      This website is not a scare tactic as you claimed. The truth hurts many in their illusions, but manufactured dreams don’t last forever.

      Nuff said.

    • DiscouragedOne

      You need to have a cup of coffee and wake up. I am sure you don’t want to believe it, neither do I, and who does? We want it to be a mistake, we want our once great country to return, but it will never happen, it is gone and it was engineered to happen this way. I saw this coming since the 1970s, even though I was young I was not stupid…so now you are giving Micheal a tough time for warning people? We are living in a house of cards. We are like a person living completely off their credit cards and using one to pay the other…there is no way for that to end well, it would take more than a miracle. You are expecting the bottom to just drop out, but it is not going to happen that way, it is going to happen exactly the way it is happening. For now, if you have a good job you are safe, but be prepared. Those who still have a good job are fortunate, but that can change in a heartbeat.

  • seth datta

    No recovery = serfs and their masters

    Joe public is too busy d@cking around to be able to figure it out.

  • WarriorClass III

    Two things happened in the Twentieth Century that changed the face of America.

    First, as a Nation, we forgot from whence we came. This was done through the forced government schooling indoctrination and the Lincoln myth of a Nation Undivided. Not only was education replaced with indoctrination, but our history was revised to the point that people identified themselves as Americans, rather than Texans, or Tennesseans, etc. The fact is that America was united only in their opposition to tyranny and a desire to get along with each other following that war for independence. There was never a desire for Empire such as the one Lincoln forged through war against the States and the people.

    By 1965, our history long forgotten but the love of freedom still intact and taught in the churches, the Federal government devised a plan to replace the American population with one not accustomed to such freedom and more malleable to their lust for ever more power. The solution was the Immigration Reform Act of 1965. This has truly changed the face of America. Almost half of the people currently living in this country are here due to that Act, and others are here due to the ever more liberal Work Visa programs and illegal immigration. Our country has become ever more degraded morally, intellectually, and economically since the immigrant invasion. This has allowed the further demise of our school system and the complete takeover of collectivist ideology in that system, and the community at large. These brainwashed Eurotrash socialists and third world bottom-feeders have no history or tradition of natural rights, and in fact have never heard of the concept, or understand that the Constitution was an attempt to codify those natural God-given rights. They do not understand what our Founders understood – that men who are drawn to centers of power are by nature the worst among us, and that laws are needed to keep them in check. They do not understand or respect the Constitution that was written as a witness against the fallen nature of man, and that it is timeless as man’s nature has not changed and will not be out-dated until that nature has become angelic.

    These two factors caused the dominos to fall into the corrupt governmental and business environment in which we find ourselves. The last several elections have proven that we will not escape by working within the system. The system is far too corrupt for that, and true Americans are now out numbered anyway. Nevertheless, we have tried the peaceful route and it failed us, just as surely as it failed our Founders. We know what the answer is, but the question is do we have the faith to carry it out. Most of us are still members of the fallen Protestant churches, where every Sunday is nothing but nostalgia of a long forgotten era – where preachers do not concern themselves with the state of the union but cut the sermon short for sporting events. This is a major problem, because if you want to win this war it is going to take Faith that is greater than that which is preached in today’s pulpits. It’s going to take a God-given Faith that comes through continued obedience to God over the course of our lives – in other words, a grown up Faith. An inner knowing and understanding that comes from years of walking with the Lord that produces strength and power in everything we do. This is what our Founders had and what we need, and you can’t get it over night or by listening to one or two Patriotic soul-stirring speeches. In other words, if we don’t first leave our fallen churches and our lives we have no chance of victory – over this corrupt government or the community at large.

    Therefore, the first step has to be to leave these fallen laodicean churches in mass, knock their dirt from your boots and never look back. Stop supporting them. Do not bid them farewell. Just leave. Form your own groups. Meet in your own homes. Build up each other in Faith and organize your resistance to evil. That is where our strength will come from. And that is where our victory will be born, and our plans for reconstruction once victory is achieved. Only be careful who you allow into your assemblies. Even the “conservatives” in this country do not realize the extent to which they have fallen. Read and Obey the Word of God to the best of your understanding and you will gain even further understanding, and even more importantly life and strength to meet whatever lies ahead.

    • kfilly

      More people need to be encouraged to defend the 2nd Amendment. Encourage gun ownership with those that do not own them already. Ie, take a non-gun owning friend to the local range. However, don’t force the issue. If someone becomes confrontational, just be the better person and walk away. I believe the other side wants to defeat the 2nd Amendment prior to collapsing the economy. The last gun vote was not the last vote. The anti-gun establishment will not give up so we have to remain vigilant. We have to stand together. United we stand, divided we fall!

      • WarriorClass III

        The firearm and ammo shortage and resulting high prices make people shy away from shooting more than being unfamiliar and uneducated about firearms. Other than that, I agree.

  • glamandvampallround

    About the lack of jobs….I have a question and this ties in to both this and the prior article about self employment. I am thinking, please tell me if I am totally off on this one, that maybe the way to create work for yourself is to go clicks (online somehow) as opposed to bricks and mortar and not having a physical location? True, the taxes still bite, and this will not take away ObamaCare, and based on what one does online there may be an Internet Sales Tax this summer…..but overall, it seems to me there is less red tape and regulation doing something online to make money. Such as selling things under the amount where Internet sales tax would kick in (Ive read it applies after a million in annual sales), writing paid reviews, mystery shopping, becomming an affiliate for commissions. blogging, downloading vids to youtube, all kinds of things that don’t involve bricks and mortar but can bring some income in for you…..maybe not much but every little bit helps, right? Am I off on thinking clicks as opposed to bricks and mortar is the way to go?

    • DiscouragedOne

      The kind of jobs you are talking about are the McDonalds jobs of the Internet (actually McDonalds pays more)…except for having your own business. If you have a product to sell that there is some demand for, online is not a bad idea.

  • energizedmortal

    the black market is booming

  • 007

    The government lies so often about their economic, inflation and unemployment statistics it does not even surprise me any more. The really insulting thing is how much money we pay these beuracrats to lie to us and insult our intelligence.

  • Nichols

    Fraud Street doesn’t need Main Street anymore. The new normal is like the Phillipines. Our cities are rotting and we have enclaves of gated communities for the privileged (Green Zones) juxtaposed against les miserables (over 33 percent mericans and climbing on some form of welfare). The fed is on a printing crusade NOT to grow employment (the party line), but because the US gov can not afford to stop the stimulus. The American economy is on life support. The moment they withdraw the needle (stimulus), rising interest rates would collapse the USD. That’s how it goes, and everybody knows…

  • http://www.facebook.com/gregge.k.johnson Gregge K Johnson

    Michael ,Thank You for your research . However you have not commented on “What to do ?when the Government CUTS all means of Communication “. People really need this basic and most important survival guide. There’s a new headline for you. Keep up the great articles .

    • DiscouragedOne

      So true, and glad that is one thing I do not have to worry about.

  • Ralfine

    Well, what do you expect? We have an overproduction crisis, coupled with too low wages and many many years spending more than what was earned.

    You cannot eat apples before they are harvested, you will get sick. And if you try to eat apples before they have grown, you will realise that you will starve.

    But with money you just write more debts and IOUs.

    The classic overproduction crisis is solved by a war. What the world needs is a good old war between England, France, Germany, America, Russia, China, Malaysia, Brazil and Nigeria, just to name a few power houses and large populated countries.

    Welll, we can’t have that. So this crisis won’t be over soon.

    You know how this crisis comes about. Market, positive feedback, amplification. Someone buys stocks, the price rises, more people buy, the price rises further, etc. Until someone runs out of money and can’t buy anymore. When stocks are offered for sale and nobody buys (people need to eat sometime), the price falls, and this fall is amplified by panic selling. And this goes on and repeated again and again. Those who engage in such speculation do not generate any wealth, they only create more money and more debts. But they still eat. At some point there is much more money than food on one side, the prices shoot through the roof.

    On the other side wages to not keep up. And productivity rises. Lots of products are produced that nobody can buy. Even those with money don’t need them. So, these products are not sold.

    Somebody invented the consumer credit. Consume now, pay later. But those who produce these things still need to eat and need some form of payment. And the more credits you take the messier it gets. Those who swim in artificially created money buy real estate and gold and silver. And banks. Because banks own people’s debts and therefore they own people and their children and grandchildren and their income for the next generations.

    There must be a crash some day.

    Now enter the denials.
    Don’t worry, there will always be oil, keep on consuming.

    Don’t worry, there will always be money, want a new credit card?
    Don’t worry, we will protect you, want a gun, too?
    And they own the MSM, and everybody believes the MSM, since they heard them from before they were born.
    And they are afraid of everyone who tells them different.
    Those are the guys who want our “freedom”, we need to shoot them.

    Then we can continue with our way of burning oil, polluting the waterways, get more slaves, print more money, etc.etc.

    Time for some negative feedback? Some anti-cyclic behaviour? Selling stock when everybody is buying, saving money when everybody else is spending?

  • Blackhawk

    The great recovery is drummed up everywhere on mainstream media I think with a very obvious reason: to suck into the markets all the gullible dupes while the smart money make a silent exit. It happened before it might happen again. It’s got all the hallmarks of a classic move with a flavour of sophistication to accommodate the modern man as Mark Twain said ” History does not repeat, but it does rhymes”.

    Numbers are irrelevant now, they only create a web of deceit in which the unsuspecting eventually get caught. When reality settles in, the world will discover that the illusion that fuelled it is leading into oblivion.

  • libswanttodestroytheUSA

    silver is readily available on ebay

  • libswanttodestroytheUSA

    coin of the realm, US $1.20 silver just sold for 29.49 delivered. not rare and difficult to obtain

  • http://www.facebook.com/alexander.ac.351 Alexander Ač

    Population should have been already declining (globally) by now, in order to match global energy decline and increasingly chaotic weather. It will not be done peacefully anymore :-(

    • Orange Jean

      You ever hear of that nutcase Holdren? He believes in forced sterilization to reduce the population. Guess who made him Science “Czar”?

  • MeMadMax

    The establishment is looking for ANY excuse to make themselves look good and subdue the sheeple. They will even fudge/twist the numbers into something that is the complete opposite of the truth. What really bites mybutt is foxnews has even fallen for it as they have been playing up this “recovery” for the past week or so too…. Guess the last bastion for the truth and common sense is the internet and michaels’ website =D

  • El Pollo de Oro

    “My next door neighbor’s two dogs have created more shovel-ready jobs than this current administration.”—Gary Johnson

  • Ralfine

    In England, the BBC promotes cooking shows and restaurants serving insects.

  • Harrison Terran

    Losing your job is a very real, very huge fear in the US. This economic crisis is holding on strong and isn’t going away any time soon. It’s definitely time our administrators got the specialists in the economic crisis, like the Orlando Bisegna Index to help the same way they helped get many counties out of a default situation, local unemployment, and gave families back their sense of dignity.

  • piccadillybabe

    Many of these young graduates cannot find work that pays enough to cover their living expenses and to pay off student loan debt. So, they go home and live with their parents and to get even more education like a master’s thinking with a master’s they will get a better paying job. The US corporations are not hiring American graduates, they are hiring people from India, South Korea, China and Taiwan, etc. and pay them very little with no benefits. American graduates are too big of an employment investment.

  • http://twitter.com/tucsonexperts Anne McKechnie

    The key is to position yourself in a recession proof industry. I have changed my work focus in the last three years, and now have a great stable income coming through this recession…

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