Unless you have been asleep or hiding under a rock for the past five years, you already know that we are experiencing the worst real estate crisis that the U.S. has ever seen. Home prices in the United States have fallen 33 percent from the peak of the housing bubble, which is more than they fell during the Great Depression. Those that decided to buy a house in 2005 or 2006 are really hurting right now. Just think about it. Could you imagine paying off a $400,000 mortgage on a home that is now only worth $250,000? Millions of Americans are now living through that kind of financial hell. Sadly, most analysts expect U.S. home prices to go down even further. Despite the “best efforts” of those running our economy, unemployment is still rampant. The number of middle class jobs continues to decline year after year, but it takes at least a middle class income to buy a decent home. In addition, financial institutions have really tightened up lending standards and have made it much more difficult to get home loans. Back during the wild days of the housing bubble, the family cat could get a zero-down mortgage, but today the pendulum has swung very far in the other direction and now it is really, really tough to get a home loan. Meanwhile, the number of foreclosures and distressed properties continues to soar. So with a ton of homes on the market and not a lot of buyers the power is firmly in the hands of those looking to buy a house. (Read More...)
If You Are Unemployed, Should You Move Somewhere Else In Order To Find A Job?
It has been said that the definition of insanity is doing the same thing over and over and expecting different results. Unfortunately, millions of Americans find themselves slowly going insane as they apply for hundreds upon hundreds of jobs and yet never get hired. It is incredibly difficult to get a good job in most areas of the United States today. So if you are unemployed, and there are no jobs in your area, should you hire a long distance moving company and move somewhere else in an attempt to find work? That is a very hard question. Of course if what you are currently doing right now is not working it is only natural to want to change course, but sadly unemployment is absolutely rampant all over the United States. Today, the “official” unemployment rate is hovering around 9 percent, but the true employment picture is much bleaker than that. There are millions and millions of unemployed Americans that are so discouraged and have given up looking for a job for so long that the U.S. government does not even consider them “part of the labor force” any longer. If they were included in the “official” figure, the true unemployment rate would be well into double figures. In addition, there are millions upon millions of Americans that are working part-time jobs or very low paying jobs because that is all they can get. Those millions of “underemployed” Americans would jump at the chance to get a “good job” if that opportunity was available. Low income jobs now make up 41% of all the jobs in the United States. So there are a lot of people that have a job that really wish that they were making a lot more money. Because of the lack of good jobs, millions of American families have been pushed to the edge of economic desperation and millions of American families are drowning in debt. So what do you do if there are no good jobs in your area? Do you sit tight or do move to a new location hoping for something better? (Read More...)
The Greek Debt Crisis Escalates: Is Greece Threatening To Leave The Euro?
Is the Greek debt crisis about to explode out of control? According to Der Spiegel, the government of Greece is considering leaving the Euro and reestablishing its own currency. If that happened, it would throw global financial markets into chaos and it might mean the end of the euro as a pan-European currency. But the Greek government has to do something about all of these debts. At this point Greece is literally drowning in debt. The yield on 10-year Greek bonds has now reached an astounding 15.51%. There is no way that is sustainable even for the short-term. Greece is rapidly going bankrupt. Even with absolutely brutal austerity measures in place, the debt just continues to explode. There are protests against the government almost daily and Greece is in a state of chaos. Unfortunately, because Greece is part of the euro they can’t just start printing lots of money as a way to get out of this crisis. Now there are persistent rumors that Greece really is thinking about leaving the euro, and that could potentially mean big trouble for the world financial system. (Read More...)
Americans Gone Wild
Gerald Celente is known to love to make the following statement: “When people lose everything and have nothing left to lose – they lose it.” Sadly, Celente is exactly right about this. As the U.S. economy continues to collapse, Americans are going to becoming increasingly frustrated, and this frustration will inevitably boil over into rioting and violence. Could we be starting to see the start of this already? The number of Americans that have “gone wild” seems to be escalating. Years ago, losing a job was not that big of a deal. Now a job loss is enough to cause some Americans to snap and go over the edge. We are seeing restaurant brawls and open violence in the streets that would have been unthinkable 50 years ago. All over the nation people are losing it and are literally going crazy. The news stories and the videos posted below of “Americans gone wild” are very graphic and very shocking. There is a reason for this. These examples are meant to show you that the very fabric of our civilized society is falling apart. It won’t matter who ends up leading us politically if this is the kind of people we become. (Read More...)
The Worst Mississippi River Flood Ever?
Please pray for those living along the Mississippi River. They are going to need it. The tornadoes that just ripped through the southeast U.S. are being called one of the worst natural disasters in American history, and now the flooding along the Mississippi River may top the damage done by those tornadoes. In fact, some are now projecting that this will be the worst Mississippi River flood ever recorded since the United States became a nation. You don’t believe that? Well, Bob Anderson, an Army Corps of Engineers spokesman based in Vicksburg, Mississippi says that there has “never been a flood of this magnitude on the upper Mississippi“. And you know what they say – “never” is a really, really long time. Hopefully everyone in the region has really good flood insurance. The flood that this is being compared to is the great 1937 Mississippi River flood. That flood was so nightmarish that it changed the whole way that the U.S. government approaches floods, but now this flood is surpassing the record levels set back in 1937 in many areas. This truly is a historic flood. (Read More...)
Just When You Thought It Was Safe To Start Sending Out Resumes Again….
Perhaps you had heard that the unemployment rate in the United States has been going down and you were planning to start sending out resumes again. Well, unfortunately it is not “morning in America” again. Some really depressing jobs numbers were just released. The number of Americans applying for unemployment benefits skyrocketed last week to the highest level that we have seen in 8 months. Also, according to a new poll more American workers say that their companies are getting rid of workers than say that their companies are hiring more workers. So feel free to start mailing out thousands of resumes once again – just don’t expect better results. Tens of millions of unemployed and underemployed Americans have been waiting for the “economic recovery”, but the sad truth is that this is the economic recovery. This is about the best that things are going to get before the next major wave of the economic collapse strikes. (Read More...)
A Dollar Collapse? No Way – The U.S. Dollar Rocks! (Propaganda)
Are we on the verge of a dollar collapse? Don’t believe the skeptics. The truth is that there is no currency in the world that is stronger than the old greenback. The U.S. dollar is the reserve currency of the world. Virtually all of the nations on the face of the earth use it for trading and they always will. Why? Because the U.S. dollar is awesome. No currency on earth can compete with our awesomeness. So what that the dollar hit a new all-time record low against the Swiss franc today? Do you really want to move over with the Swissies and eat chocolate and make watches? No, you want to live in the land of American Idol, the NFL and apple pie – the good old USA. Who cares if it takes about a dollar and a half to buy a single euro now? Do you really want to go live with the Frenchies and eat a bunch of French bread while you wear a beret every day? Of course not. There isn’t going to be a dollar collapse. As long as the USA is still number one the rest of the world is still going to need U.S. dollars. So quit your worrying. (Read More...)
The Coming Doctor Shortage
The United States is going to experience an absolutely devastating doctor shortage in the coming years. Even now it can be difficult to see a doctor in many areas, and if you are fortunate enough to see one you will probably pay through the nose. Medical bills have gotten absolutely insane in this country. Many Americans have gone to the hospital for a few hours, perhaps got to see a doctor for half an hour, and ended up being billed thousands of dollars. Unfortunately, it is not the doctors that are getting rich from these nightmarish medical bills. Rather, “the system” is set up so that “the middle men” are the ones raking in most of the cash. In fact, thousands upon thousands of doctors are being chased out of the profession because being a doctor just isn’t worth the trouble anymore. According to the American Association of Medical Colleges, we were already going to be facing a shortage of more than 150,000 doctors over the next 15 years even before Obamacare was passed. Obamacare is just going to make the doctor shortage even worse. In fact, one poll found that 40 percent of all U.S. doctors plan to get out of the profession over the next 3 years. Of course not all of those disgruntled doctors will end up leaving the profession, but even if 10 percent of them quit it is going to create a medical crisis of unprecedented magnitude in this country. (Read More...)