What a mess! We all knew that U.S. government unemployment numbers were off, but this is ridiculous. It is now being reported that the U.S. may lose 824,000 jobs when the government releases its annual revision to employment data on February 5th. How in the world could the original figures be so far off? The truth is that U.S. government figures have been getting more and more out of touch with reality each year. Government bureaucrats have been monkeying with the “definitions” of unemployment and inflation for decades, and at this point the figures they give us mean little to nothing. For example, the U.S. government has been telling us that the unemployment rate in the U.S. is somewhere around 10 percent, while everyone knows that the “real” number is somewhere in the neighborhood of 20-22 percent.
But one thing is for certain – unemployment is going up. The Labor Department announced on Tuesday that unemployment rose in 82 percent of U.S. metro areas during the month of December.
For those keeping score at home, that is not good news.
And all of this unemployment is starting to create huge social problems.
According to a new study from America’s largest food bank operator, the number of Americans in need of food aid has jumped 46 percent in just the last three years.
A 46 percent increase in hunger in just 3 years?
What is going to happen when the economy really collapses?
So is life good for anyone right now?
Oh yeah – life is really good for the companies that the U.S. government bailed out. In fact, it was just reported that AIG was scheduled to distribute about $100 million in bonuses to its employees on Wednesday.
AIG is giving out about 100 million in bonuses while hunger and unemployment throughout the U.S. are rocketing into the stratosphere – is anyone else disgusted by that?
The truth is that the whole system is failing and we are headed for an economic collapse. The U.S. economy is in a slow death spiral, and it is only a matter of time until the U.S. dollar implodes. Ron Paul is warning about that in the video posted below, and he also says that when the dollar does collapse that it could cause a total breakdown of law and order in American society….
What in the world are the American people going to do when the crap really does hit the fan?
Things haven’t even gotten really bad yet and yet Americans are already more doped up on antidepressants than anyone else in the world. In fact, Americans, who make up about 6 percent of the population of the world, consume approximately 66 percent of the world’s supply of antidepressants.
What a sad nation we have become.
Really, really hard times are on the horizon, and the vast majority of Americans simply do not have the capacity to handle them.
What a mess.