The Economic Collapse

Do you remember how painful the Great Recession was?  2008 and the years immediately following were definitely a very dark chapter in our history, but a new study has actually found that the percentage of Americans that worry they won’t be able to pay their bills is actually higher today than it was back then.  Slowly but surely, our economic strength has been fading and our standard of living has been falling.  Unfortunately, now we have reached a point where a very large portion of the U.S. population is really struggling.  According to a CNN poll that was just released, almost 40 percent of all U.S. adults “say they worry most or all of the time that their family’s income won’t be enough to meet expenses”… (Read More...)

We continue to get numbers that indicate that the U.S. economy is steamrolling in the wrong direction as we approach the most chaotic election season in our history.  Needless to say, the performance of the economy is going to play a major role in the outcome of the election, because millions upon millions of Americans are really suffering right now.  Homelessness has been growing at the fastest pace ever recorded, hunger and poverty are exploding, and we are in the midst of a cost of living crisis that doesn’t seem to have any end in sight.  Unfortunately, there are signs that things will soon get even worse.  For example, we experienced a “historic surge” of corporate bankruptcies during the first half of this year that was worse than anything we have witnessed since the first half of 2010… (Read More...)

When you are creeping out on a very high tree limb, everything may seem fine until suddenly the limb snaps and disaster strikes.  I think that is a perfect metaphor for what we are facing as a country.  Our politicians in Washington have artificially propped up our economy for years by piling up 34 trillion dollars in debt, and the “experts” at the Federal Reserve have artificially propped up the financial markets for years by pumping trillions upon trillions of dollars that they created out of thin air into the system.  But now we are so far out on a limb that there is no way back, and there is no safety net below.  Ultimately, our fate will be the same as this guy… (Read More...)

According to a stunning new survey that was just released, an annual income of at least $186,000 a year is required in order to feel financially secure in the United States today.  Unfortunately, only 6 percent of U.S. adults make that kind of money.  So we have a major problem on our hands.  The cost of living has become extremely painful, and millions of Americans are stressed out of their minds because their finances are such a mess.  Over the past several years we have witnessed an economic shift of epic proportions.  The ultra-wealthy have gotten a lot wealthier, the ranks of the poor have exploded, and the middle class has been absolutely eviscerated.  In this current economic environment, only a very small segment of the population is living comfortably.  The following comes from CBS News… (Read More...)

If you are really struggling with the high cost of living, I want you to know that you aren’t alone.  In recent months, I have been hearing from so many people that feel like they are drowning financially.  Have you experienced a palpable sense of panic when you compare your rising bills to the level of income that you are currently bringing in?  So many people out there are stressed out of their minds because it has become such a struggle to pay the bills each month.  As I discussed a few days ago, a typical U.S. household must now spend $1,069 more a month just to buy the exact same goods and services that it did three years ago.  Over the course of an entire year, that is almost an extra $13,000 dollars.  Month after month, prices just keep going higher, but those that are running things continue to insist that everything is just fine. (Read More...)