There are millions of American families that once lived very comfortable middle class lifestyles that have lost it all. When you are unemployed and you can’t find a decent job, it can crush your soul. Every day you can see the disappointment or the disapproval in the eyes of your family and friends, and it can be really easy to want to give up completely. And then there are always those that choose to actively vocalize their disdain for those that are down on their luck. But telling people “to get a job” or shaming them for being on welfare isn’t going to solve anything in an economy where there simply are not enough jobs for everyone. Only a small minority of welfare recipients are actually trying to abuse the system. Most people just want to work hard and take care of their families. Unfortunately, that is much harder to do than it was before the last financial crisis. (Read More...)
The Federal Reserve Seems Quite Serious About Tapering – So What Comes Next?
Will this be the year when the Fed’s quantitative easing program finally ends? For a long time, many analysts were proclaiming that the Fed would never taper. But then it started happening. Then a lot of them started talking about how “the untaper” was right around the corner. That hasn’t happened either. It looks like that under Janet Yellen the Fed is quite determined to bring the quantitative easing program to a close by the end of this year. Up until now, the financial markets have been slow to react because there has been a belief that the Fed would reverse course on tapering the moment that the U.S. economy started to slow down again. But even though the U.S. middle class is in horrible shape, and even though there are lots of signs that we are heading into another recession, the Fed has continued tapering. (Read More...)
Government Agency: If 9 Substations Are Destroyed, The Power Grid Could Be Down For 18 Months
What would you do if the Internet or the power grid went down for over a year? Our key infrastructure, including the Internet and the power grid, is far more vulnerable than most people would dare to imagine. These days, most people simply take for granted that the lights will always be on and that the Internet will always function properly. But what if all that changed someday in the blink of an eye? According to the Federal Energy Regulatory Commission’s latest report, all it would take to plunge the entire nation into darkness for more than a year would be to knock out a transformer manufacturer and just 9 of our 55,000 electrical substations on a really hot summer day. The reality of the matter is that our power grid is in desperate need of updating, and there is very little or no physical security at most of these substations. If terrorists, or saboteurs, or special operations forces wanted to take down our power grid, it would not be very difficult. And as you will read about later in this article, the Internet is extremely vulnerable as well. (Read More...)
29-Year-Old Welfare Parasite Would Not Accept An $80,000 A Year Job Driving A Truck
What should be done with a 29-year-old welfare parasite that believes that in addition to practicing with his rock band, his main job in life is to “make sure the sun’s up and the girls are out”? Most people that receive government assistance truly need the help and do not abuse the system, but there are definitely others that do abuse the system and do not make any excuses for doing so. When 29-year-old Jason Greenslate was recently asked if he would be willing to take a job driving a truck in North Dakota for $80,000 a year, he said that he would not. He would rather keep purchasing sushi and lobster with his EBT card and hanging out with his rock band. Greenslate seems very happy with his taxpayer-funded lifestyle, and he says that he wants “to thank the United States of America, and the situation — the way things are set up”. Is this really what we pay taxes for? The rest of us are taxed into oblivion so that we can fund the endless partying of parasites like Jason Greenslate? What in the world is happening to this country? (Read More...)
19 Signs That The U.S. Consumer Is Tapped Out
You can’t get blood out of a rock. Traditionally the United States has had a consumer-driven economy, but now years of declining incomes and rising debts are really starting to catch up with us. In order to have an economy that is dependent on consumer spending, you need to have a large middle class. Unfortunately, the U.S. middle class is steadily shrinking, and unless that trend is reversed we are going to see massive economic changes in this country. For example, in poor neighborhoods all over America we are seeing bank branches, car dealerships and retail stores close down at an alarming rate. If you didn’t know better, you might be tempted to think that “Space Available” was the hottest new retailer in some areas of the nation. On the other hand, if you live in San Francisco, New York City or Washington D.C., things are pretty good for the moment. But as a whole, the condition of the U.S. consumer continues to decline. Incomes are going down, the cost of living is going up, and debts are skyrocketing. The following are 19 signs that the U.S. consumer is tapped out… (Read More...)
Is “Dr. Copper” Foreshadowing A Stock Market Crash Just Like It Did In 2008?
Is the price of copper trying to tell us something? Traditionally, “Dr. Copper” has been a very accurate indicator of where the global economy is heading next. For example, back in 2008 the price of copper dropped from nearly $4.00 to under $1.50 in just a matter of months. And now it appears that another big decline in the price of copper is starting to happen. So far this year, the price of copper has dropped from a high of $3.40 back in January to a price of $2.95 as I write this article, and many analysts are warning that this is just the beginning. By itself, this should be quite alarming to investors, but as you will see below there are a whole host of other signs that a stock market crash may be rapidly approaching. (Read More...)
We Are In FAR Worse Shape Than We Were Just Prior To The Last Great Financial Crisis
None of the problems that caused the last financial crisis have been fixed. In fact, they have all gotten worse. The total amount of debt in the world has grown by more than 40 percent since 2007, the too big to fail banks have gotten 37 percent larger, and the colossal derivatives bubble has spiraled so far out of control that the only thing left to do is to watch the spectacular crash landing that is inevitably coming. Unfortunately, most people do not know the information that I am about to share with you in this article. Most people just assume that the politicians and the central banks have fixed the issues that caused the last great financial crisis. But the truth is that we are in far worse shape than we were back then. When this financial bubble finally bursts, the devastation that we will witness is likely to be absolutely catastrophic. (Read More...)
20 Facts About The Great U.S. Retail Apocalypse That Will Blow Your Mind
If the U.S. economy is getting better, then why are major retail chains closing thousands of stores? If we truly are in an “economic recovery”, then why do sales figures continue to go down for large retailers all over the country? Without a doubt, the rise of Internet retailing giants such as Amazon.com have had a huge impact. Today, there are millions of Americans that actually prefer to shop online. Personally, when I published my novel I made it solely available on Amazon. But Internet shopping alone does not account for the great retail apocalypse that we are witnessing. In fact, some retail experts estimate that the Internet has accounted for only about 20 percent of the decline that we are seeing. Most of the rest of it can be accounted for by the slow, steady death of the middle class U.S. consumer. Median household income has declined for five years in a row, but all of our bills just keep going up. That means that the amount of disposable income that average Americans have continues to shrink, and that is really bad news for retailers. (Read More...)