10 Reasons Why It Has Become So Soul-Crushingly Difficult To Find A Job In America Today

Have you been unemployed lately?  If so, then you probably know how frustrating it is to try to find a job in the United States today. It now takes the average unemployed worker about 33 weeks to find a job.  There are millions of Americans that have not been able to find a full-time job even after searching hard for an entire year.  Some areas of the United States have been devastated so badly by the economic downturn that they are starting to resemble war zones.  Unless you have been there, it is hard to even try to describe the extreme frustration that one feels when you are unable to pay the mortgage and feed your family.  It can be absolutely soul-crushing.  But it is not the fault of those who are unemployed.  The truth is that our economy is dying and it is not producing nearly enough jobs anymore.  Unfortunately, as you will see from the facts listed below, most of the things that are causing our economy to die have no realistic chance of being changed any time soon. (Read More...)

59.9 Percent? Americans Are Racking Up Huge Credit Card Balances Once Again And Some Of The Interest Rates Are Absolutely Outrageous!

Well, it was nice while it lasted.  One of the really good things that came out of the recent economic downturn was that millions of American families decided to get out of debt.  In particular, we had seen a sustained trend of reduced credit card usage in the United States.  It looked like Americans had finally wised up.  But we should have known that Americans would not be willing to tighten their belts forever.  Unfortunately, it appears that getting out of debt is no longer so “trendy”.  In fact, the month of December was the third month in a row in which consumer credit grew in the United States.  Prior to that, consumer credit in the United States had declined for 20 months in a row.  The American people were doing so, so good.  Why did they have to stop?  It appears that the American people have fallen off the wagon and have gotten a taste for credit card debt once again.  This time, however, the credit card companies are back with interest rates that are higher than ever.  In fact, one national credit card company has hundreds of thousands of customers signed up for a card that charges interest rates of up to 59.9%. (Read More...)

Ashley’s Tragic Story: A Heartbreaking Example Of How The Economic Collapse Of America Is Destroying Lives

What you are about to read is perhaps the most heartbreaking story that I have ever come across. It is so tragic that I am not even quite sure how to introduce it. Some time ago, a reader named Ashley sent me an email that described the nightmare that she has been living through over the past year. Ashley’s email was very different from the vast majority of emails I usually receive, and I wrote her back right away and asked her some questions. One of the most important questions I asked was whether or not she really wanted me to share her story with the public. Privacy is such a precious thing, and I wanted her to understand that if I shared her story that thousands upon thousands of people would end up seeing it. After considering what I had to say, Ashley said that she was 100% sure that I should share her story because she felt that it could really help some people. (Read More...)

Find A Job? Good Luck In This Economy – 10 Reasons Why The Latest Unemployment Numbers Are No Reason To Cheer

The U.S. government is telling us that the unemployment rate fell all the way down to 9.0% in January.  Should we all cheer?  Is it now going to be a lot easier to find a job?  Has the economy finally turned around?  Are happy days here again?  Well, it is a good thing to have a positive attitude, but the truth is that there is just not much to cheer about when you take a closer look at the recent unemployment numbers.  First of all, the U.S. economy only added 36,000 jobs in January.  Economists had been expecting an increase of about 145,000 jobs, and an increase of 150,000 jobs per month is necessary just to keep up with population growth.  So why did the unemployment rate go down?  Well, the government says that over half a million Americans suddenly dropped out of the labor force in January.  That doesn’t make a lot of sense, but this is how the government calculates their numbers.  So what happened to those 500,000 Americans?  Did they all win the lottery?  Have they all become independently wealthy?  Did they all die?  No, the vast majority of them are still around and the vast majority of them still desperately need jobs.  It is just that the government does not count them as “looking for work” anymore. (Read More...)

Pissed Off!: 67 Percent Of Americans Are Dissatisfied With The Size And Influence Of Major Corporations

The American people are becoming increasingly angry about the extraordinary amount of power and influence that corporations have in the United States today.  A new Gallup poll found that 67 percent of Americans are dissatisfied with the size and influence of major corporations in the United States today.  Not only that, the most recent Chicago Booth/Kellogg School Financial Trust Index found that only 26 percent of Americans trust our financial system at this point.  The mainstream media is acting as if this is a new phenomenon, but the truth is that a dislike of giant corporations goes all the way back to the founding of this nation.  Our founders held a deep distrust for all big concentrations of power, and they intended to set up a nation where no one person or no one institution could become too powerful. (Read More...)

Even Donald Trump Is Warning That An Economic Collapse Is Coming

In a shocking new interview, Donald Trump has gone farther than he ever has before in discussing a potential economic collapse in America.  Using phrases such as “you’re going to pay $25 for a loaf of bread pretty soon” and “we could end up being another Egypt”, Trump explained to Newsmax that he is incredibly concerned about the direction our economy is headed.  Whatever you may think of Donald Trump on a personal level, it is undeniable that he has been extremely successful in business.  As one of the most prominent businessmen in America, he is absolutely horrified about what is happening to this nation.  In fact, he is so disturbed about the direction that this country is heading that he is seriously considering running for president in 2012.  But whether he decides to run in 2012 or not, what Trump is now saying about the U.S. economy should be a huge wake up call for all of us. (Read More...)

Nothing Is Stable Anymore

The world is becoming a very unstable place, and the pace at which things are changing all around us has become absolutely mind-numbing.  In fact, change has become one of the only constants in today’s world.  Once upon a time, people in the United States could actually make 20 or 30 year plans and feel confident about achieving them.  But now, nothing is stable anymore.  The financial crisis showed us that some of the biggest corporations on the globe can collapse in a single day.  The events of the past few weeks have shown us that entire governments can be brought down in a single week.  We live in a world where there are now very few “guarantees” that you can count on.  One of the only things that is guaranteed is that technology and information will continue to grow at exponential speeds.  This year, the total amount of information produced on electronic devices around the globe is projected to be more than a zettabyte.  A zettabyte is equivalent to one sextillion bytes.  In other words, imagine a one with more than 21 zeroes following it. (Read More...)

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