Money

You Know That Your City Has Become A Hellhole When….

All across America there are cities and towns that were once prosperous and beautiful that are being transformed into absolute hellholes.  The scars left by the long-term economic decline of the United States are getting deeper and more gruesome.  The tax base in many areas of the nation has been absolutely devastated as millions of jobs have left this country.  Hundreds of cities are drowning in debt and are desperately trying to survive.  Last year, city government revenues in the United States fell by another 2.3 percent.  That was the fifth year in a row that we have seen a decline.  Meanwhile, costs associated with health care, pensions and virtually everything else continue to explode.  So what are cities doing to make ends meet?  Well, one big trend that we are now witnessing is that many U.S. cities have been getting rid of huge numbers of employees.  If you can believe it, 72 percent of all U.S. cities are laying workers off this year.  Social services and essential infrastructure programs are also being savagely cut back in many areas of the country.  The cold, hard truth is that most of our cities are flat broke and things are going to get even worse in the years ahead.

So how do you know if your own city has become a hellhole?

Well, a few potential “red flags” are posted below….

You know that your city has become a hellhole when most of the street lights get repossessed because of unpaid electric bills.

You know that your city has become a hellhole when it announces that it will no longer prosecute domestic violence cases in order to save money.

You know that your city has become a hellhole when it simply stops sending out pension checks to retired workers.

You know that your city has become a hellhole when it rips up asphalt roads and replaces them with gravel because gravel is cheaper to maintain.

You know that your city has become a hellhole when it eliminates the entire public bus system.

You know that your city has become a hellhole when nearly half of all the people living there can’t read.

You know that your city has become a hellhole when one out of every ten homes sells for under $10,000.

You know that your city has become a hellhole when you can literally buy a house for one dollar.

You know that your city has become a hellhole when you have hundreds of people living in the tunnels underneath your streets.

You know that your city has become a hellhole when three of your past five mayors have been sent to prison for corruption.

You know that your city has become a hellhole when nearly half of the public schools in the city get shut down because of a lack of money.

You know that your city has become a hellhole when you have dozens of young people rampaging in the streets that are thirsty for revenge and that are armed with bats, pipes and guns.

You know that your city has become a hellhole when it is considered to be one of the 10 most dangerous cities in the world.

You know that your city has become a hellhole when thieves defecate in the back seat after they have broken into your car and taken your things.

You know that your city has become a hellhole when prostitution and drug dealing are two of the only viable businesses that remain in the city.

You know that your city has become a hellhole when the police chief announces that the police department will no longer respond to calls about burglary and identity theft due to very deep budget cuts.

Many of the examples above may seem humorous at first glance, but the truth is that they reveal just how deeply tragic our economic decline really is.

This is one of the reasons why I write about our trade deficit over and over and over.  Every single month, tens of billions of dollars more wealth goes out of the United States than enters it.  Every single month, we are getting poorer as a nation.  Every single month, we lose more jobs and businesses.

Any politician that tells you that he or she can solve our economic problems without fundamentally addressing our horrific trade imbalance is lying to you.  That means that there are a whole lot of liars in both political parties.

If the number of good jobs continues to decline, the plight of the average American family is going to continue to get worse.  Home sales will continue to hover around record lows.  The American people will continue to become increasingly frustrated with the economy.

The signs of decline are all around us.

Quit listening to the politicians and just open up your eyes and look.

So do any of you have any additional signs that a city has become a hellhole to add to the list above?  Please feel free to leave a comment with your thoughts below….

25 Signs That A Horrific Global Water Crisis Is Coming

Every single day, we are getting closer to a horrific global water crisis.  This world was blessed with an awesome amount of fresh water, but because of our foolishness it is rapidly disappearing.  Rivers, lakes and major underground aquifers all over the globe are drying up, and many of the fresh water sources that we still have available are so incredibly polluted that we simply cannot use them anymore.  Without fresh water, we simply cannot function.  Just imagine what would happen if the water got cut off in your house and you were not able to go out and buy any.  Just think about it.  How long would you be able to last?  Well, as sources of fresh water all over the globe dry up, we are seeing drought conditions spread.  We are starting to see massive “dust storms” in areas where we have never seem them before.  Every single year, most of the major deserts around the world are getting bigger and the amount of usable agricultural land in most areas is becoming smaller.  Whether you are aware of this or not, the truth is that we are rapidly approaching a breaking point.

If dramatic changes are not made soon, in the years ahead water shortages are going to force large groups of people to move to new areas.  As the global water crisis intensifies, there will be political conflicts and potentially even wars over water.  We like to think of ourselves as being so “advanced”, but the reality is that we have not figured out how to live without water.  When the water dries up in an area, most of the people are going to have to leave.

And yes, it will even happen in the United States too.  For example, once Lake Mead dries up there is simply no way that so many people are going to be able to live in and around Las Vegas.

Right now, most of us take for granted that we will always have access to an unlimited amount of clean water.

But when you take a hard look at the data, it quickly becomes clear that everything that we have always taken for granted about water is about to dramatically change.

That following are 25 signs that a horrific global water crisis is coming.  The first 12 facts are about the United States, and the last 13 are about the rest of the world….

#1 Today, the United States uses approximately 148 trillion gallons of fresh water a year.

#2 According to the U.S. government, 36 U.S. states are already facing water shortages or will be facing water shortages within the next few years.

#3 Since 1998, the level of water in Lake Mead has plunged by more than 50 percent.  Lake Mead supplies about 85 percent of the water used in Las Vegas, and at this point the lake has 5.6 trillion gallons less water than it used to have.  Lake Mead is falling so fast that some believe that the Hoover dam could actually stop producing electricity in a few years.  Needless to say, that would be a total disaster for that entire region of the country.  In addition, if things continue at the current pace, it is being estimated that Lake Mead will run completely dry some time around the year 2021.

#4 According to the U.S. National Academy of Sciences, the U.S. interior west is now the driest that it has been in 500 years.

#5 The Ogallala Aquifer, which is a massive underground lake that stretches from South Dakota all the way to Texas, is rapidly drying up.  The Ogallala Aquifer is believed to be the largest body of fresh water in the world, and right now it is being drained at a rate of approximately 800 gallons per minute.  Right now it covers approximately 174,000 square miles, and since the 1950s we have drained enough water from it “to half-fill Lake Erie“.  Once upon a time, the Ogallala Aquifer had an average depth of about 240 feet, but today the average depth is just 80 feet.  If something is not done, we will definitely see a return of the Dust Bowl days of the 1930s.  We need to start listening to the experts.  Just consider what David Brauer of the Ogallala Research Service had to say when asked about the future of the Ogallala Aquifer….

“Our goal now is to engineer a soft landing. That’s all we can do.”

#6 A federal judge has ruled that the state of Georgia has very few legal rights to Lake Lanier.  Lake Lanier is the main water source for the city of Atlanta.  Millions more people are expected to move into the Atlanta area in the coming years, and this is creating an absolute nightmare for city officials.

#7 It is estimated that California only has a 20 year supply of fresh water left.

#8 It is estimated that New Mexico only has a 10 year supply of fresh water left.

#9 Things have gotten so dry in Arizona that now giant “dust storms” have been blowing through the city of Phoenix.

#10 Texas is has experienced one of the driest stretches that it has ever seen.  Right now, approximately 81 percent of the state of Texas is experiencing “exceptional drought” conditions, and wildfires have burned an astounding 3.6 million acres in the state.

#11 Approximately 40 percent of all U.S. rivers  and approximately 46 percent of all U.S. lakes have become so polluted that they are are now considered to be too dangerous to fish in, swim in or get drinking water from.

#12 Eight states in the Great Lakes region have signed a pact banning the export of water to outsiders – even to other U.S. states.

#13 It is being projected that by the year 2030, global demand for water will be 40 percent higher than it is today.

#14 Worldwide demand for fresh water tripled during the last century, and is now doubling every 21 years.

#15 According to USAID, one-third of the population of the earth will be facing severe or chronic water shortages by the year 2025.

#16 Of the 60 million people added to the world’s cities every year, the vast majority of them live in impoverished areas that have no sanitation facilities whatsoever.

#17 It is estimated that 75 percent of the surface water in India is now contaminated by human and agricultural waste.

#18 If you can believe it, according to a UN study on sanitation, far more people in India have access to a cell phone than to a toilet.

#19 In the developing world, 90 percent of all wastewater is discharged completely untreated into local rivers, streams or lakes.

#20 Every 8 seconds, somewhere in the world a child dies from drinking dirty water.

#21 Due to a lack of water, Saudi Arabia has given up on trying to grow wheat and will be 100 percent dependent on wheat imports by the year 2016.

#22 In northern China, the water table is dropping one meter every single year because of drought and overpumping.

#23 Incredibly, a new desert the size of Rhode Island is created in China every single year because of drought and overpumping.

#24 In China, 80 percent of all major rivers have become so horribly polluted that they do not support any aquatic life at all at this point.

#25 Collectively, the women of South Africa walk the equivalent of the distance to the moon and back 16 times a day just to get water.

To learn more about the coming global water crisis, check out the short video posted below….

Right now, more than a billion people around the globe do not have access to safe drinking water.

That number is going to keep increasing.

Without enough fresh water, people cannot grow enough food.  Global food prices are already starting to skyrocket, and the coming global water crisis certainly is not going to help matters.

A massive, massive disaster is on the horizon.  The era of gigantic amounts of cheap food and “unlimited” amounts of clean water is over.

A horrific global water crisis is coming.

You better get ready.

Dumpster Diving?

Have you ever thought about getting your food out of a trash can?  Don’t laugh.  Dumpster diving has become a hot new trend in America.  In fact, dumpster divers even have a trendy new name.  They call themselves “freegans”, and as the economy crumbles their numbers are multiplying.  Many freegans consider dumpster diving to be a great way to save money on groceries.  Others do it because they want to live more simply.  Freegans that are concerned about the environment view dumpster diving as a great way to “recycle” and other politically-minded freegans consider dumpster diving to be a form of political protest.  But whatever you want to call it, the reality is that thousands upon thousands of Americans will break out their boots, rubber gloves and flashlights and will be jumping into dumpsters looking for food once again tonight.

So is this actually legal?

In some areas, dumpster diving is considered to be legal.  In other areas, dumpster divers are technically breaking trespassing laws.  Although in most areas the police have so many other problems that they aren’t really concerned about cracking down on dumpster divers.

One of the biggest issues facing dumpster divers is safety.  Crawling around in back alleys and side streets in the middle of the night is not exactly the safest thing to do.  But the lure of large amounts of free food is enough to keep some people coming back over and over again.

During the recent economic downturn, the popularity of dumpster diving has exploded.  Today, there are dumpster diving meetup groups, dumpster diving Facebook groups, and even entire organizations such as Food Not Bombs that openly encourage their members to go dumpster diving.

If your family was going hungry, would you go dumpster diving?

You might be surprised at who is doing it.  Dumpster diving is not just for the homeless and the unemployed anymore.  A lot of people that have decent jobs have picked up on the trend.

Just check out the following example from a recent MSNBC article….

A programmer by day, Todd takes to the streets of North Carolina by night, digging through Dumpsters at drug stores and grocery stores all around his rural neighborhood.

“You would be simply amazed at what businesses throw out,” he said. “I’ve only had to buy two loaves of bread all year. … Last week I had a trunk full of cereal, cookies, chips and ramen noodles.”

Todd slinks in and out of smelly places with low-light flashlights to evade rent-a-cops who will shoo him away.  Most nights, his 14-year-old son comes along.

Dumpster diving has become such a prominent trend that even big television news networks are doing stories about it….

The truth is that dumpster diving is just another sign of the times.

Food prices continue to rise and this is putting incredible stress on the budgets of average American families.  We just saw another huge rise in food prices during the month of August.  Just check out the following data from a recent article posted on The Economic Policy Journal….

The index for finished consumer foods jumped 1.1 percent (13.2 percent annualized) in August, the third straight rise. Over thirty percent of the August advance can be traced to meat prices, which climbed 2.4 percent (28.8 percent annualized). Higher prices for processed poultry and eggs for fresh use also were major factors in the increase in the finished foods index.

If you are married and have a couple of children it can cost a lot of money to feed them every single month.  It is not hard to understand the allure of dumpster diving for people that are having a hard time making ends meet.

Other Americans are choosing to dumpster dive because they believe that it helps them live a simpler lifestyle.  There is a growing movement of people in America that are rejecting all of the “consumerism” that we see all around us.

Today, the average U.S. household has 13 different credit cards.  We are constantly being bombarded with ads that tell us that we need more stuff in order to be happy.

Well, a lot of people have decided that is a lot of bunk and they are doing whatever they can to simplify.

Other dumpster divers are absolutely horrified by how much food is wasted in America.

It has been estimated that 263,013,699 pounds of food is thrown out in the United States every single day.

Can you imagine?

We are probably the most wasteful nation on the planet.  With the number of hungry people in the world, it is absolutely criminal how much food that we waste.

So in that sense, it is probably a good thing that dumpster divers are saving some of that food from the landfills and are finding positive uses for it.

But what is going to happen when the economy gets even worse and we start seeing fights over the food that has been left in dumpsters?

In my recent special report about poverty in America, I noted that 46.2 million Americans are now living in poverty.  For now, the U.S. government is helping feed over 45 million Americans through the food stamp program, but what is going to happen once the social safety net starts to break?

The number of good jobs in America continues to decline, and thousands more Americans fall into poverty every single day.  Things have gotten so bad that other countries are actually making videos that make fun of our poverty.

This country is rapidly losing confidence in our leaders and hopelessness is spreading like wildfire.  Today it was revealed that Barack Obama’s disapproval rating has now set a new high of 55%.  Not only that, 62% of the American people disapprove of the way that he is handling the economy.  It turns out that they don’t really think much of the Obama jobs plan after all.

Unfortunately, even though our economy is rapidly falling apart and most of our leaders are either deeply corrupt or completely incompetent, most Americans are still way too apathetic.  If you can believe it, the American people spend a whopping 53 million minutes a month on Facebook.

Hopefully we can get more Americans to wake up.  Hopefully we can get them to understand that they need to get active, that they need to prepare and that they need to get their priorities in order.

Right now, dumpster diving is cute and fun and an interesting way to save money, but in the future there will be millions of Americans digging around in trash cans if we don’t get this economy turned around.

This country is rapidly changing, and not for the better.

Do You Now Understand Why You Need To Prepare For Emergencies? This Has Been The Worst Year For Natural Disasters In U.S. History

There has been a natural disaster that has caused at least a billion dollars of damage inside the United States every single month so far this year.  According to the National Oceanic and Atmospheric Administration, there have been 10 major disasters in the United States this year.  On average, usually there are only about 3 major disasters a year.  At this point, disasters are happening inside the United States so frequently that there seems to be no gap between them.  We just seem to go from one major disaster to the next.  Last year, FEMA declared an all-time record of 81 disasters inside the United States.  This year, we are on pace for well over 100.  We just got done dealing with Hurricane Irene, and now we are dealing with historic wildfires in Texas and unprecedented flooding up in the northeast part of the country.  This has been the worst year for natural disasters in U.S. history, and we still have nearly four months left to go.  Hopefully after everything that has happened this year it has become abundantly clear to all of us why we need to prepare for emergencies.  The world is becoming an increasingly unstable place, and you never know what is going to happen next.

Thankfully, the U.S. has not experienced a disaster on the level of Hurricane Katrina so far this year, but what makes this year different is that we have never seen so many major disasters happen so rapidly.  Since the beginning of the year we have had to deal with record-setting winter storms, nightmarish tornadoes, “once in a century” earthquakes, historic flooding all over the country, severe drought and some of the worst wildfires the U.S. has ever experienced.

Is there a reason why the United States is being hit by major disaster after major disaster or is all of this just a really unfortunately coincidence?  The following are just a few of the nightmarish natural disasters that the U.S. has had to deal with so far this year…..

Texas Wildfires

At this point, the state of Texas has been on fire for nearly 300  consecutive days.  This has been the worst wildfire season that Texas has ever experienced.

So far, an astounding 3.6 million acres has been burned.  Vast stretches of Texas have been transformed into desolate wastelands.

Over the past week alone, the Texas Forest Service has responded to more than 180 new fires.  The incredibly dry weather and the scorching temperatures have combined to turn the state of Texas into a tinderbox.

One massive wildfire near Austin, Texas has burned approximately 1,400 homes and continues to spread.  The state desperately needs rain and it needs it now.

To get an idea of just how fast the fires in Texas are spreading, just watch this video.

Historic Drought

Right now, approximately 81 percent of the state of Texas is experiencing “exceptional drought” conditions.  Not only has this created an ideal environment for wildfires, it is also absolutely crippling ranchers and farmers.

Farmers in Texas have lost over half of the cotton crop so far.  This is likely to cause clothing prices to rise substantially in the months ahead.

Ranchers in Texas have been forced to slaughter huge numbers of cattle because the drought has made it incredibly difficult to feed them.  Sadly, the number of U.S. cattle is now down to its lowest level since 1963.

You might want to stock up on beef.  In the coming months the price of beef is likely to go significantly higher.

It is hard to describe just how bad things are down in Texas right now.  Overall, it is estimated that the drought has caused  more than $5 billion in damage to the agricultural industry so far.

But wait, there is more bad news.  In fact, if things don’t improve soon we could see massive problems with winter wheat.  Just check out what an article recently posted on Yahoo news had to say….

The bad news does not stop there. Winter-wheat-planting season runs from September through October and rain is vital to germination. Texas and Oklahoma produce almost a third of winter wheat in the U.S. – the hard wheat used in bread products. This week, Bloomberg financial news quoted wheat economists predicting a 50% jump in winter-wheat prices. If the dearth of rain continues and there is no moisture in the soil to germinate the wheat, prices could climb higher still.

Flooding In The Northeast

We just got done with Hurricane Irene, and now Tropical Storm Lee is dumping huge amounts of rain all over the northeast United States.  In fact, there has been so much rain up in Pennsylvania that more than 100,000 people were evacuated from the Wilkes-Barre area on Thursday because of rising waters on the Susquehanna River.

Rivers and creeks all over Pennsylvania, New York and New Jersey are flooding.  The region desperately needs a break from rain, but it does not look like that is going to happen quite yet.

The big problem is that many of these areas had already been hit really hard by Hurricane Irene.  As a result of Hurricane Irene, millions of people lost power and dozens of people lost their lives.  Hurricane Irene caused the worst flooding that Vermont had experienced since 1927, and the total economic damage from Irene could reach as high as $16 billion.

Now there are three more storms in the Atlantic that we will have to keep an eye on.  Hopefully Tropical Storm Nate, Tropical Storm Maria and Hurricane Katia will not cause major problems, but with the way this year has been going you never know what is going to happen.

Disturbing Earthquakes

As I have written about previously, the number of major earthquakes around the globe is significantly increasing.  Back in 2001, the world had 1361 earthquakes of magnitude-5.0 or greater.  This year, we are on pace to have over 2800, which would be the highest number this decade by far.

Just a couple of weeks ago, the U.S. experienced two of the weirdest earthquakes that it has seen in ages.  The earthquake in Virginia that made headlines all over the nation is being called a “once a century” earthquake.  The east coast very rarely sees anything like this happen.

The earthquake in Virginia was felt all the way down in Georgia  and it was felt all the way up in Ottawa, Canada.  It was felt as far west as Cleveland, Ohio.

In Washington D.C., the earthquake caused quite a bit of panic.  Congressional buildings were evacuated and so was the Pentagon.  The earthquake actually cracked the Washington Monument and it also caused significant damage to the U.S. Treasury building.

That exact same day, there was another very “unusual” earthquake in another area of the United States.  A magnitude-5.3 earthquake shook the area along the Colorado/New Mexico border.  That was the largest earthquake that region had experienced in more than 40 years.

Sadly, it is not just the U.S. that has been hit by significant earthquakes this year.  Just check out what a recent article in the Guardian had to say about what has been going on around the globe so far this year….

6.2 or above earthquakes have hit New Zealand, the Philippines, Japan, the Fox Islands, Papua New Guinea, Mexico, Indonesia, Fiji, Thailand, Burma, Vanuatu, Argentina, Chile and Iran in the first six months of 2011.

Tornadoes

With all of the other natural disasters that we have had recently, it is easy to forget that we just went through one of the worst tornado seasons of all time.

In a recent article, I discussed the incredible damage that some of these monstrous tornadoes did….

The United States experienced a truly bizarre tornado season this year.  In April, there were approximately 600 tornadoes all across America.  That is the most tornadoes that have ever been recorded in a single month inside the United States.  Usually, we only have about 1,200 tornadoes for the entire year.

The massive tornado outbreak in the southeast at the end of April is being called the worst natural disaster since Hurricane Katrina.  One F5 tornado that ripped through the Tuscaloosa, Alabama region was reportedly a mile wide and some scientists estimated that it had winds that exceeded 260 miles an hour. By the time it passed, Tuscaloosa resembled a war zone.

The tornado that ripped through Joplin, Missouri a few months ago is being called the deadliest single tornado in more than 60 years.  It ripped a path of destruction more than a mile wide and more than 6 miles long directly through the city.  One British newspaper has some amazing before and after pictures of Joplin that you can view right here.

After viewing pictures such as those, what else is there to say?

Sadly, there were a lot of other major disasters this year that deserve be discussed as well.

For example, I have not even mentioned the nightmarish flooding along the Mississippi and Missouri rivers.  River systems all over the central part of the country experienced “hundred year floods” this year.

So why is all of this happening?  Is there a reason for all of this chaos, or has it just been one of those years?

Whatever your opinion is, what we all should be able to learn from this year is that it is imperative that we all get prepared ahead of time for emergencies.

Natural disasters can strike at any time.  Whether it is a hurricane, a tornado, a flood, an earthquake, a volcano or a wildfire, if you wait until the disaster strikes to prepare then you are going to be too late.

But most natural disasters are only temporary.  Even more frightening is what an economic collapse, a war, a deadly plague, a nuclear disaster, an EMP strike or a weapon of mass destruction could mean.

As we have seen during so many disasters in the past, when something really bad happens food and supplies vanish from store shelves almost immediately.  If transportation is cut off, you could be on your own for an extended period of time.

Our world is becoming a highly unstable place.  If someone had told you all of the crazy things that were going to happen this year, would you have believed them?

It seems like with each passing year things are getting crazier and crazier.  Yes, we can all hope that things will return to “normal”, but we would be foolish if we also did not take precautions.

As I have written about before, the global economy is starting to collapse, the fabric of society is coming apart and the earth itself seems to be going crazy.

We certainly do live in interesting times.  The years ahead promise to be some of the most exciting in human history.  But those that are unprepared could end up going through a massive amount of pain.

So please prepare while there is still time.  You will not always be able to run out to Wal-Mart and buy up all of the cheap stuff that you need.

Anyone with half a brain can see the dark storm clouds gathering on the horizon.  Very, very difficult times are coming, and you do not want to enter them unprepared.

12 Things That We Can Learn From Hurricane Irene About How To Prepare For Disasters And Emergencies

Whenever a major disaster or emergency strikes, millions of lives can be turned upside down in an instant.  Fortunately Hurricane Irene was not as catastrophic as originally projected, but millions of people did lose power and at least 35 people lost their lives.  Large numbers of homes were destroyed and the economic damage from Hurricane Irene is going to be in the billions of dollars.  Now that Hurricane Irene has passed, this is a good opportunity for all of us to look back and learn some important lessons about how to prepare for disasters and emergencies.  The reality is that a major disaster or emergency has happened somewhere in the United States almost every single month so far this year, and it is only a matter of time before you and your family will be faced with another disaster or emergency.

No plan is perfect, but if you have a plan you are going to be far better off than if you do not have a plan.  September is “National Preparedness Month“, so now is a great time to focus on preparing your family for the future disasters and emergencies that are inevitably coming.

The following are 12 things that we can learn from Hurricane Irene about how to prepare for disasters and emergencies….

#1 Disasters And Emergencies Are Inherently Unpredictable

When a disaster or an emergency strikes, you never know what is going to happen.  Even a storm such as Hurricane Irene that was tracked for weeks can end up being highly unpredictable.

For example, while a tremendous amount of attention was paid to New York City, the reality is that some of the worst damage ended up being caused in Vermont.  Hurricane Irene actually caused the worst flooding that Vermont has seen since 1927.

The following is how the governor of Vermont described the devastation that was caused in his state by this storm….

“It’s just devastating,” Gov. Peter Shumlin said Monday. “Whole communities under water, businesses, homes, obviously roads and bridges, rail transportation infrastructure. We’ve lost farmers’ crops,” he said. “We’re tough folks up here but Irene … really hit us hard.”

#2 During A Major Disaster Store Shelves Become Empty Very Rapidly

What do we see happen every single time there is even a minor disaster or emergency?

Every single time, food and other emergency supplies disappear from store shelves in a matter of hours.

If you do not have at least a couple weeks of food stored up you are being totally foolish.

In fact, considering how unstable the world has become, it is amazing that only a small percentage of the population has enough food stored up to be able to last for at least six months.

If an economic apocalypse happens, a major war breaks out, an EMP attack takes place, a huge comet strikes the planet or weapons of mass destruction are used in this country, you may not have access to mass quantities of very cheap food any longer.

Get prepared while you still can.

#3 Always Have A “Go Bag” Ready

When disaster strikes, you may only have a couple of minutes before you have to race out the door.

Your “go bag” should contain some food, some water, a flashlight, a battery-powered radio, some cash, copies of your most important documents and any medicine that you may need.

#4 Know Your Escape Routes And Always Have Maps Of The Area In Your Vehicle

Have a plan and know where you are going to be heading in the event of an emergency.

If you don’t have a plan or if you don’t give yourself enough time, you could end up dead.  A number of people died during Hurricane Irene while they were in their cars.  The following is one example that was noted in a recent CNN article….

A 64-year-old woman was found dead Sunday by Whitemarsh, Pennsylvania, police after her family grew concerned when she did not show up for work. Her body was found a half-mile from where her car was abandoned in a deluged creek, police said.

#5 During A Major Disaster Or Emergency There Is A Good Chance That You Will Lose Power For An Extended Period Of Time

During Hurricane Irene, more than 5 million people lost power.  That is why it is crucial to have a battery-powered radio, a battery-powered (or solar) flashlight and extra batteries in your home.

Know what you are going to do once the power goes out.  Anyone that has been through an extended power outage knows how life can change almost instantly once the power goes down.

#6 Have Enough Water Stored Up

What was one of the biggest problems in the aftermath of Hurricane Katrina?

It turned out that one of the most critical problems was a very serious shortage of bottled water.

Yes, even after Katrina dumped unprecedented amounts of water on New Orleans one of the biggest problems was still a lack of water.

If you do not have clean water to drink, you can die within just a few days.

So when planning for disasters and emergencies, please be sure to store up enough water.

#7 During A Natural Disaster, Major Transportation Routes May Be Shut Down

A lot of people were horrified to find roads closed or washed out during Hurricane Irene.  Just because you are used to traveling on certain roads it is not safe to assume that they will always be available during disasters and emergencies.

#8 Have Respect For The Sheer Power Of Natural Disasters

We live at a time when people like to make a joke out of anything, but major natural disasters are not to be trifled with.

If you do not respect nature, you can end up dead.  Amazingly, some people were actually out boating and canoeing during Hurricane Irene.  According to one CNN article, one 53-year-old man that tried boating during Hurricane Irene was later found dead….

One man in Croton, New York, died Sunday while boating along with four others down the Croton River, said Lt. Russell Haper, a spokesman for the Croton police. The boat overturned in the strong rapids. The 53-year-old man was found dead after a three-hour rescue effort. The other men were pulled safely from the water.

#9 Living Near Water Can Be Very Dangerous

If you live near the ocean or near a major river, you need to understand that the potential for danger is always there.

Even if you live a good bit in from the coast, the danger for substantial flooding is always there.  The following is how one CNN article described the situation in Philadelphia at the height of Hurricane Irene….

Outside Philadelphia, waters had already climbed to street-sign levels in Darby, Philadelphia Mayor Michael Nutter said, with the water sending “couches, furniture, all kinds of stuff floating down the street.”

#10 During A Major Disaster Bring In All Objects From Outside

During any disaster that involves high winds, anything that is left outside can quickly become a very dangerous projectile.  The last thing that you want is for the wind to pick up heavy objects and send them crashing into your home or the home of a neighbor.  If you know that a major storm is coming, please bring in everything that you can from outside.

#11 Have A Plan But Be Flexible

Your best chance of making it through a disaster or emergency is to have a plan.  But that doesn’t mean that you should always stick with that plan.  Disasters and emergencies are inherently unpredictable, so it will be very important to be as flexible as possible.

#12 If You Wait Until Disaster Strikes To Prepare It Is Too Late

Right now is the time to prepare for the next disaster or emergency.  If you wait until an emergency happens, you will be out of luck.  You need to develop a disaster plan for yourself and your family if you do not have one already.

If you plan on storing up food, water, medicine and other emergency supplies, you need to do it ahead of time.  Victory belongs to the prepared, and if you think that you will never wind up in the middle of a major disaster you are just being foolish.

Hurricane Irene was a terrible storm, but fortunately it was not nearly as bad as it could have been.

Hopefully this storm will serve as a wake up call for many of us.

The next time that a disaster strikes, we may not be let off the hook so easily.

Taxed Into Oblivion

In the United States today, we are being taxed into oblivion, yet it is being done so stealthily that most Americans don’t even realize what is happening.  Most people are fixated on federal income tax rates, but the federal income tax is only one of the dozens of different taxes that each of us pay each year.  The politicians have learned that people get really upset when income tax rates are raised, so they have found hundreds of other ways to raise taxes on us.  What most taxpayers in the United States today are facing is “death by a thousand cuts”.  When you add up all forms of taxation from all levels of government, approximately 40 percent of all the income in the country is taken in as taxes by government.  Large numbers of Americans end up paying well over 50 percent of their income in taxes, and many of them don’t even realize that it is happening.  We truly are being taxed into oblivion, and yet the politicians just keep coming back for more.

On all levels, government just keeps growing, and all of this government has got to be paid for somehow.  Politicians have become masters at finding ways to tax us so that we won’t even feel it.  They have an endless hunger to spend more money, and they depend on us to feed that addiction.  Today, the combination of federal government spending, state government spending and local government spending now accounts for a larger share of U.S. GDP than at any other time in our history.

Yes, federal income tax rates were significantly higher 30 or 40 years ago.  But virtually every other tax you can think of has gone way up since then or did not exist back then.

Federal income taxes definitely still hurt, but the reality is that where we really get hit is in all of the other taxes that we pay.  American families pay Social Security taxes, Medicare taxes, state income taxes, sales taxes, property taxes, death taxes, various excise taxes, gasoline taxes, tire taxes, utility taxes, liquor taxes, telephone taxes and cigarette taxes just to name a few.  The truth is that there are dozens and dozens of different taxes that most Americans pay each year, and there are a whole bunch of others that get passed on to us through businesses that we deal with.

Speaking of cigarette taxes, there is legislation in Congress right now that would send taxes on tobacco products absolutely skyrocketing yet again.

I don’t smoke and I never will smoke, but I find the attack on smokers by our politicians to be seriously offensive.  If smoking is legal, then leave them alone.  Don’t tax them into oblivion just because you don’t like what they are doing.

An excerpt from S. 1403 (The IDEA Full Funding Act) is posted below.  You will notice that a portion of this legislation even refers to itself as the “Saving Lives by Lowering Tobacco Use Act”.  They are openly admitting that they want to make tobacco so expensive that people cannot afford to use it….

SEC. 3. TOBACCO TAX INCREASE AND PARITY.

(a) Short Title- This section may be cited as the ‘Saving Lives by Lowering Tobacco Use Act’.

(b) Increase in Excise Tax on Small Cigars and Cigarettes-

(1) SMALL CIGARS- Section 5701(a)(1) of the Internal Revenue Code of 1986 is amended by striking ‘$50.33’ and inserting ‘$100.50’.

(2) CIGARETTES- Section 5701(b) of such Code is amended–

(A) by striking ‘$50.33’ in paragraph (1) and inserting ‘$100.50’, and

(B) by striking ‘$105.69’ in paragraph (2) and inserting ‘$211.04’.

(c) Tax Parity for Pipe Tobacco and Roll-Your-Own Tobacco-

(1) PIPE TOBACCO- Section 5701(f) of the Internal Revenue Code of 1986 is amended by striking ‘$2.8311 cents’ and inserting ‘$49.55’.

(2) ROLL-YOUR-OWN TOBACCO- Section 5701(g) of such Code is amended by striking ‘$24.78’ and inserting ‘$49.55’.

(d) Clarification of Definition of Small Cigars- Paragraphs (1) and (2) of section 5701(a) of the Internal Revenue Code of 1986 are each amended by striking ‘three pounds per thousand’ and inserting ‘four and one-half pounds per thousand’.

(e) Clarification of Definition of Cigarette- Paragraph (2) of section 5702(b) of the Internal Revenue Code of 1986 is amended by inserting before the final period the following: ‘, which includes any roll for smoking containing tobacco that weighs no more than four and a half pounds per thousand, unless it is wrapped in whole tobacco leaf and does not have a cellulose acetate or other cigarette-style filter’.

(f) Tax Parity for Smokeless Tobacco-

(1) IN GENERAL- Section 5701(e) of the Internal Revenue Code of 1986 is amended–

(A) in paragraph (1), by striking ‘$1.51’ and inserting ‘$26.79’;

(B) in paragraph (2), by striking ‘50.33 cents’ and inserting ‘$10.72’; and

(C) by adding at the end the following:

‘(3) SMOKELESS TOBACCO SOLD IN DISCRETE SINGLE-USE UNITS- On discrete single-use units, $100.50 per each 1,000 single-use units.’.

You can view the full text of this legislation right here.  Please notice that some of the tax increases are absolutely mind blowing.  For example, the tax rate on pipe tobacco is going from 2.8311 cents to $49.55.

Now that is a tax increase you can really sink your teeth into.

We are seeing “quiet” tax increases like this happen on every level of government all over the United States.

Of course I haven’t even mentioned all of the fines and fees and “registration” charges that state and local governments are hitting us with.

Have you gone to renew your car registration lately?  In some states (such as California) the fees have gotten absolutely ridiculous.

Speaking of California, it looks like they are getting ready to target cellphone users once again.

According to USA Today, California is getting ready to seriously jack up the fines for talking on a cellphone while driving….

The state Senate has sent a bill to Gov. Edmund G. Brown Jr. raising the basic fine for a first automotive offense from $20 to $50, the Sacramento Bee reports. For subsequent offenses, the fine would rise from $50 to $100. That’s not the worst of it: by the time state and local assessments are added on, the total for a first offense rises to between $208 to $328. For additional tickets, make that $328 to $528.

Yes, talking on a cellphone while driving is dangerous.  But hitting people with tickets of $300, $400 or even $500 is not about safety.  It is all about revenue generation.

Right now we are seeing an epidemic of speed traps all over the country.  State and local governments are desperate for money, and they see speeders as an easy source of revenue. You can read more about this phenomenon right here.

Speaking of “revenue”, that seems to have become Barack Obama’s new favorite word lately.  He seems absolutely obsessed with raising more money for the federal government.  The Obamacare law was absolutely packed to the gills with new taxes, but now he wants even more.

Yes, it is true that the wealthy are getting away with murder under our current tax system.  I find it highly offensive that many people that make millions of dollars each year are able to find ways to pay much, much smaller percentages of their incomes in taxes than I do.

But raising tax rates isn’t going to solve the problem.  Those that are masters at avoiding taxes are going to continue to do so.  Meanwhile, middle class Americans and small businesses will continue to get bled to death.

Our current tax system is fundamentally broken and needs to be completely thrown out and replaced.

However, no system is going to work until the federal government gets a handle on its spending addiction.

In the past couple of years, spending by the federal government as a share of GDP has been the highest that it has been since World War II.

You would think that there should be plenty of fat to trim, but as the recent debt ceiling deal clearly demonstrated, our politicians do not intend to significantly reduce government spending.

They are just going to keep borrowing, spending and finding more ways to tax us.

All of this nonsense in Washington D.C. is part of the reason why Americans are so displeased with Congress at this point.  According to Gallup, 84 percent of Americans now disapprove of the way Congress is doing its job, which is a brand new all-time high.

The truth is that sending more money to Washington D.C. is not going to “fix” things.

The federal government has multiplied in size over the past several decades, and yet the number of poor people just continues to increase.

Giving the poor more handouts may ease their suffering for a little while, but it is not the solution to their problems.  What they really need are good jobs, but our politicians have very busy setting up unfair trade agreements that allow millions of our jobs to be shipped overseas, and they continue to suffocate businesses in this country with mountains of ridiculous regulations.

No, the people that truly benefit when more money flows to the federal government are the fatcats that live and work around Washington D.C.

The past few decades have been a bonanza for government contractors, lobbyists and lawyers in the D.C. area.

According to the Washington Post, those living in the Washington D.C. metropolitan area now have a higher median household income than anyone else in the country….

Washingtonians now enjoy the highest median household income of any metropolitan area in the country, and five of the top 10 jurisdictions in America — Loudoun, Howard and Fairfax counties, and Falls Church and Fairfax City — are here, census data shows.

The signs of that wealth are on display all over, from the string of luxury boutiques such as Gucci and Tory Burch opening at Tysons Galleria to the $15 cocktails served over artisanal ice at the W Hotel in the District to the ever-larger houses rising off River Road in Potomac.

There is a ton of money in the D.C. area.  I know.  I used to work there.  Approximately one third of the GDP of the region comes from spending by the federal government.  Even during this recent economic downturn, the Washington D.C. region continues to do really, really well.

So, no, raising taxes is not going to fix what ails us.  It would just feed the monster that we have created in Washington.

We are already being taxed into oblivion.  Middle class America can’t take much more of this.

We need to change our entire approach to taxation in this country, because right now our tax system is fundamentally unfair and it is not working.

So what do all of you think about our tax system?  Please feel free to post a comment with your opinion below….

 

10 Signs That Economic Riots And Civil Unrest Inside The United States Are Now More Likely Than Ever

You should let the video footage of the wild violence that just took place in London burn into your memory because the same things are going to be happening all over the United States as the economy continues to crumble.  We have raised an entire generation of young people with an “entitlement mentality”, but now the economy is producing very few good jobs that will actually enable our young people to work for what they feel they are entitled to.  If you are under 30 in America today, things look really bleak.  The vast majority of the good jobs are held by people that are older, and they aren’t about to give them up if they can help it.  It is easy for the rest of us to tell young Americans to “take whatever they can”, but the reality is that there is intense competition for even the most basic jobs.  For instance, McDonald’s recently held a “National Hiring Day” during which a million Americans applied for jobs.  Only 6.2% of the applicants were hired.  In the old days you could walk down to McDonald’s and get a job whenever you wanted to, but now any job is precious.  The frustration among our young people is palpable.  Most of them feel entitled to “the American Dream” and they feel like the system has failed them.  Unfortunately, many of them are already turning to violence.  But the economic riots and the civil unrest that we have already seen are nothing compared to what is coming.  Americans are angry, and as the economy continues to collapse that anger is going to reach unprecedented heights.

In recent days, even many in the mainstream media have been openly wondering if the riots that happened in London could happen here too.  There is a growing acknowledgement that this country is headed down a very dark path.

The sad thing is that these riots accomplish absolutely nothing.  The recent London riots did not create any jobs and they certainly did not solve any economic problems.  Instead, they actually hurt the economy even more because a huge am0unt of property was destroyed and people are even more afraid to continue with business as usual.

But when people get to the end of their ropes, most of the time they are not thinking rationally.  When frustration erupts, the results can be very, very messy.

All over the United States we are already seeing some very troubling signs of the violence that is coming.  The following are 10 signs that economic riots and civil unrest inside United States are now more likely then ever….

#1 Going to the state fair used to be such a fun thing for American families to do.  But now no place is safe.  The following is how one local ABC News affiliate described the “flash mob” attacks that took place at the Wisconsin state fair recently….

Milwaukee police said that around 11:10 p.m., squads were sent to the area for reports of battery, fighting and property damage being caused by an unruly crowd of “hundreds” of people. One officer described it as a “mob beating.”

Police said the group of young people attacked fair goers who were leaving the fair grounds. Police said that some victims were attacked while walking. They said others were pulled out of cars and off of motorcycles before being beaten.

One eyewitness said that the flash mob attacks at the Wisconsin state fair absolutely overwhelmed the limited police presence that was there….

When I saw the amount of kids coming down the road, all I kept thinking was, ‘There’s not enough cops to handle this.’  There’s no way.  It would have taken the National Guard to control the number of kids that were coming off the road.  They were knocking people off their motorcycles.

#2 According to a new Rasmussen survey, 48% of Americans believe that reductions in government spending are “at least somewhat likely” to result in civil unrest inside the United States.  Unfortunately, perception often greatly influences reality.

#3 U.S. consumer confidence is now at its lowest level in 30 years.

#4 Joblessness among young Americans is at an epidemic level, and when rioting does break out it is usually young people that are leading the way.  That is why the following statistics from an article in The Atlantic are so troubling….

One in five Americans are between 15 and 29-years old. And one in five of those Americans are unemployed. For minorities and the under-educated, the picture is much worse. Black teenagers have an unemployment rate of 44 percent, twice the rate for white teens.

#5 We are starting to see mindless violence in a lot of areas that used to be considered safe.  In Kansas City on Saturday night, three young people were hit with bullets as they walked the streets of the Country Club Plaza.  Mayor Sly James was about 50 yards away when the gunfire erupted.  Authorities in Kansas City are considering a stricter curfew for that area.

#6 “Flash mobs” have become such a problem in Philadelphia that the mayor has imposed a strict curfew on young people.  Now all teens between the ages of 13 and 18 must be indoors by 9 o’clock at night.  The mayor also says that teens need to start pulling up their pants….

“Pull your pants up and buy a belt ’cause no one wants to see your underwear or the crack of your butt.”

#7 All over the United States we are seeing that many struggling Americans will do just about anything for money.  For example, in Detroit recently three masked men crashed a vehicle through the entrance of a gas station and took off with an entire ATM machine.

#8 Desperate people do desperate things.  Many of America’s “forgotten poor” are trying to survive any way that they can.  For instance, a group of vagrants recently set up “a makeshift camp” near Prospect Park lake in Brooklyn.  According to the New York Post, many nearby residents have been disturbed by what these “drifters” are doing to survive….

The drifters have been illegally trapping and cooking up the critters that call the park home, including squirrels, ducks and swan-like cygnets.

They used crude tactics to hunt their prey, including barbed fishing hooks that ripped off the top half of one poor gosling’s beak. They then cooked the meat over illegal fires. Some of the animals were eaten raw.

#9 According to CNN, sales of safes and vaults are absolutely soaring right now.  One store owner told CNN that she believes that she is selling a lot more safes now because people are scared that civil unrest could be coming….

“Folks are worried about the decreasing value of the dollar, burglaries on the rise in their neighborhoods … and even the possibility that the unrest we are seeing in other parts of the world slipping over to our country.”

#10 Over the past 100 years, the American population has moved steadily into our big cities and the surrounding suburbs.  This has created virtual “ghost towns” in our rural areas from coast to coast.  Back in 1910, 72 percent of Americans lived in rural areas.  Today, only 16 percent of Americans live in rural areas.  But when you crowd huge masses of people close together that makes riots and civil unrest much more likely.

Most Americans are already fed up, and the economy is not even that bad yet.  One recent survey found that 73 percent of Americans believe that the nation is “on the wrong track”.  Another recent poll found that only 17 percent of Americans now believe that the U.S. government has the consent of the governed.

Millions of very frustrated young people believe that the economic system has failed them and that the political system no longer holds any answers.

America is rapidly approaching a breaking point.  I have written previously about the collapse of society that we are already witnessing all over the United States.  When the economy totally breaks down, most Americans are not going to be able to handle it.

Sadly, instead of coming together and trying to do something productive, many Americans will resort to rioting, looting and civil unrest.  We have already seen this during local emergencies such as Hurricane Katrina.

But mindless violence accomplishes absolutely nothing positive.  It just always makes things worse.

Unfortunately, logic and reason are not going to be enough to stop the gigantic wave of frustration that is coming.  For most of the rest of us, it will be hard enough to get out of the way and protect our own families from the economic riots and the civil unrest that are coming.

The thin veneer of civilization that we all take for granted is starting to disappear.  Hatred and anger are growing by the day.  The United States is becoming a very frightening place.

So get ready.  Our politicians certainly don’t have any answers for us.  The debt ceiling deal was a complete and total joke, and corruption is absolutely rampant in Washington right now.  Barack Obama is getting ready to leave for yet another vacation, and most of our politicians are only focused on the next election.

So don’t expect a “miracle” from those that are supposed to be leading us.

They don’t care about you.

You need to take care of yourself and your family and your friends.

A massive economic collapse is coming, and most Americans are going to be totally blindsided by it.

Don’t let that happen to you.

Stress!

Has anyone else noticed that the level of stress in this country appears to be extremely high right now?  Today, it seems like our federal government, our state governments and most American families live in a constant state of crisis.  Everywhere you look there are major problems.  Right now everyone is stressed out because of the “debt ceiling deadline”.  Earlier this year everyone was freaked out about the possibility of a “government shutdown”.  If by some miracle Barack Obama and the Republicans are able to reach a deal in the next few days that will not help the national stress level for long.  Another gut-wrenching “national crisis” will almost certainly come along very quickly.  Meanwhile, average American families are feeling more stress than ever.  There are millions of ordinary Americans that either cannot find jobs or are working as hard as they can and yet cannot seem to pay their mortgages and provide the basics for their families.  We are a nation that is really stressed out right now, and as things continue to unravel the level of stress is only going to increase.

Compared to much of the rest of the world, we have an insanely high standard of living, and yet we appear to be some of the most unhappy people on the face of the earth.

Wherever you turn today, someone is popping a pill.  The percentage of women taking antidepressants in America is higher than in any other country in the world.  Children in the United States are three times more likely to be prescribed antidepressants than children in Europe are.

What in the world is wrong with us?

America is a country that desperately needs to chill out.

Washington D.C. sure is a stressful place right now.  Most of our politicians seem to be focused on the 2012 elections rather than on trying to solve our problems.

Most of our leaders are prancing around trying to make themselves look good.  Meanwhile, our national financial situation continues to go down the toilet.

One way or another this “debt ceiling crisis” will probably get solved.  Our politicians will come up with some sort of a “deal” and it will almost certainly be a bad one.

The sad truth is that the U.S. national debt problem should have been addressed decades ago.

But it wasn’t.

So now we are sitting on a 14 trillion dollar timebomb.

Yes, the ultra-wealthy have become absolute masters at avoiding taxation, but even if some way to tap into their offshore wealth could be found, it still would only put a small dent in the problem.

The truth is that the U.S. government spends way too much money.

U.S. government spending is now above 25 percent of U.S. GDP.  That is way above what has been normal during the post-World War II era.

But cutting government spending is not going to fix our system either.

The reality is that our debt-based financial system is designed to trap our federal government in a constantly expanding spiral of debt indefinitely.

As I have written about previously, the U.S. government debt problem will never be fixed as long as the Federal Reserve is running our financial system.

Under our current system, the debt is going to continue to grow no matter who we elect.

As our debt grows, our economy will suffer and the national stress level will continue to rise.

But for most American households, government debt is not the thing causing the most stress these days.

Most Americans are much more concerned about their own personal financial situations.

Most people just want to work hard, pay the bills and raise their families.  But that is becoming extremely difficult to to.

According to a new Washington Post-ABC News poll, 90 percent of Americans believe that the economy is performing poorly.

The same poll found that 80 percent of Americans believe that it is “difficult” to find a job these days.

In the United States today, there are 14 million unemployed people.  Tonight there are huge numbers of Americans that are sitting at home desperately hoping that someone will give them a job.  A significant percentage of our population that should be productive is just sitting on the sidelines.  Just check out the following quote from a recent CNN article….

Has anyone in Washington noticed that 20% of American men are not working? That’s right. One out of five men in this country are collecting unemployment, in prison, on disability, operating in the underground economy, or getting by on the paychecks of wives or girlfriends or parents. The equivalent number in 1970, according to the McKinsey Global Institute, was 7%.

With numbers like that, how in the world can anyone claim that our economy is healthy?

Sadly, it looks like things may get even worse.  As I have written about previously, we are now starting to see another huge wave of layoffs all over the nation.

The employment crisis has a ripple effect throughout the rest of the economy as well.

Without good jobs, Americans cannot buy homes.  The housing crash is not going to be fixed until there the employment situation gets fixed.

With lending standards tighter than ever, it takes someone with a good income and a solid employment history to be able to qualify for a home loan.

Unfortunately, there aren’t a whole lot of people like that in the marketplace right now.

So, the housing industry continues to suffer.

Last year was the worst year for new home sales in modern U.S. history.  So far, this year is even worse.

Ouch.

It would be really nice if we actually would have an economic recovery, but it just isn’t happening.

Prices are rising and incomes are not.  American families are feeling more squeezed than ever.

A lot of Americans live in a constant state of stress because of debt.

According to one new poll, about 20 percent of American adults worry about debt “most or all of the time”.

If you have ever been there, then you know how financial stress can rob sleep from you night after night after night.

Today, total credit card debt in the U.S. is more than 8 times larger than it was just 30 years ago.

Some Americans can handle credit cards, but a lot of them can’t.  A staggering 46 percent of Americans do not pay their credit card bills in full each month.

But credit card debt is only one form of debt that is causing stress for American families.  The truth is that the total amount of student loan debt is even greater than the total amount of credit card debt.  Medical debt is another huge problem.  The vast majority of American families are dealing with a debt problem of one form or another.  The decades of “easy credit” that we enjoyed are really starting to catch up with us.

Today, the average American household is carrying $75,600 in debt.

That is not a good thing.  American consumers are tapped out and the economy is suffering.

As the economy crumbles, many hard working Americans are finding that their lives have radically changed.  Just check out the following excerpt from an article posted on a local Connecticut news source….

For 28 years, Cathy Hartley of Glastonbury brought home a good paycheck from her job at Aetna.

But last Tuesday, she was in line with her two young granddaughters for free produce from Mobile Foodshare at the First Church of Christ Congregational on Main Street.

For Hartley, who said she was laid off from her job as a project manager about six years ago and then laid off from a subsequent job two years ago, every little bit helps. Her eligibility for unemployment ran out two months ago.

Could you imagine standing in line at a food bank?

Don’t laugh.

It just might happen to you.

Millions of Americans that have lost their jobs and their homes never thought that it would happen to them.

Wealth and possessions are here today and gone tomorrow.  People that base their lives on the things that they own are always going to have a high level of stress.  We didn’t bring any of these things into the world with us, and we can’t take any of them with us when we leave.

So try not to stress out too much.  We should all learn to be content whether we have a lot or whether we have a little.

So what do all of you think about the stress level in America right now?  Please feel free to leave a comment with your opinion below….

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