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None of the long-term economic trends that are hollowing out our economy have been addressed and more bad economic news seems to come out virtually every single day. Now there is constant talk of the "next recession" in the mainstream media. But did the last recession ever truly end? The number of good jobs continues to decline, more stores are closing, incomes continue to go down, credit card debt and student loan debt are soaring, the housing market resembles a corpse, the number of Americans living in poverty continues to rise and government debt is at unprecedented levels. We are losing blood fast, and almost all of our leaders are either too corrupt or too incompetent to be able to do anything about it. The U.S. economy really and truly is about to go into the toilet, and if something is not done very quickly we are going to experience a complete and total economic disaster in this nation. Americans have been promised over and over that this economic downturn is just "temporary" and that things will return to normal soon. During this upcoming election cycle, the Democrats will swear that they have all the answers and that if we just elect them everything will be okay. The Republicans will also swear that they have all the answers and that if we just elect them everything will be okay. Well, both sides are lying. The economic plans of both major political parties are a joke. Neither of them can restore economic prosperity to this nation. Our politicians could delay the coming economic collapse by borrowing gigantic piles of money and pumping all of that cash into the economy. But stealing from our children and our grandchildren is not exactly sound economic policy. Yes, the U.S. economy is in bad shape right now, but things are about to get even worse. The long-term problems that are destroying our economy have not been fixed, and the leaks in our ship are going to continue to grow. The following are 30 signs that the U.S. economy is about to go into the toilet.... #1 An increasing number of unemployed Americans have become so desperate that they have started to look for work overseas. For example, the number of Americans that are submitting applications for temporary work visas in Canada has approximately doubled since 2008. Other Americans are willing to learn foreign languages and travel to the other side of the world if that is what it takes to land a decent job. Just consider the following quote from a recent USA Today report.... Job placement firms are reporting a surge in American worker interest in booming economies such as Hong Kong, Singapore, China and, increasingly, India. Hunt Partners, an executive search firm, estimates that it's getting 50% to 100% more unsolicited résumés from Americans looking for Asia-based positions today than before the recession. #2 When Barack Obama first took office, the official U.S. unemployment rate was 7.6 percent. Today it is 9.1 percent. #3 The number of Americans that are concerned that they will lose their jobs continues to hover near record highs. According to Gallup, 30 percent of all employed Americans are worried that they will soon be laid off. #4 After three straight years of very high unemployment, you can feel frustration and desperation in the air almost everywhere that you go. Many unemployed Americans are now at the end of their ropes. The following is from a testimonial that was recently posted on The Atlantic.... The most difficult part of the job search is: 1. that I don't live near a factory or outsource outlet in China, India, or Malaysia. 2. trying not to appear desperate for a job when I am, in fact, quite desperate for a job. 3. that I am subject to everyone's advice on how to get a job, but no real job leads. 4. that I am reminded that having a good job is not an entitlement. 5. that when I become depressed from my job search, I'm told told to cheer up or else give a bad vibe to prospective employers ... yet when I become happy through non-search related activities, I am reminded that I should be looking for work 7. that when I confide to friends and family that I have "given up" to pursue more fruitful interests, it elicits a crushing look of disbelief, disappointment, and disgust 8. waiting for permission to give up. #5 The percentage of American men that are employed continues to plummet. In July, only 63.5 percent of all men in the United States had a job. Since 1948, that number has only been lower one time (63.3 percent in December 2009). #6 Back in the 1950s, manufacturing accounted for about 28 percent of U.S. GDP. Last year, it accounted for just 11.7 percent. Meanwhile, manufacturing now accounts for about 25 percent of GDP in China and they now actually have more factory production each year than we do. Sadly, Barack Obama is pushing for even more trade agreements that will send millions more of our jobs overseas. #7 The percentage of Americans that are working low paying jobs continues to relentlessly march upwards. Back in 1980, less than 30% of all jobs in the United States were low income jobs. Today, more than 40% of all jobs in the United States are low income jobs. #8 According to John Williams of shadowstats.com, after you add in all short-term discouraged workers, all long-term discouraged workers and all Americans that are working part-time because they cannot find full-time employment, the real unemployment rate should be approximately 23 percent. #9 We are starting to see another huge wave of store closings and layoffs. For example, the parent company of Payless stores has announced that it will be permanently closing 475 stores. Borders is in the process of closing every single one of its 399 stores. Also, Bank of America has just announced that it will be closing about 600 branches, and that could result in the loss of about 30,000 good jobs. #10 Median household income has fallen for three years in a row. #11 Americans are really starting to rack up consumer debt once again. According to Time Magazine, U.S. consumers are on pace to collectively add 54 billion dollars in credit card debt in 2011. #12 Student loan defaults are rising very sharply. Just consider the following excerpt from a recent New York Times article.... The share of federal student loan defaults rose sharply last year, especially at for-profit colleges and universities, where 15 percent of borrowers defaulted in the first two years of repayment, up from 11.6 percent the previous year. #13 According to a chart in The Economist, whenever the number of newspaper articles in the Financial Times and the Wall Street Journal that mention the word "recession" goes over 1,500 in a particular quarter, the U.S. economy almost always goes into a recession. #14 The U.S. housing crash just continues to get worse. The index of home builder sentiment put out by the National Association of Home Builders fell once again during the month of September. With such a glut of unsold foreclosed homes on the market, it is making things really hard of home builders. Things have gotten so bad that even the U.S. government now owns nearly a quarter of a million foreclosed homes. The impact of this housing nightmare on families has been absolutely devastating. Just check out what a recent Time Magazine article had to say about what has been going on in California.... The impact on children has been brutal: since 2007, 7% of the state's children have had a foreclosure process started on their homes, the fourth-highest level in the nation, according to a study released this month by the Annie E. Casey Foundation. #15 Many believe that due to much tighter lending standards, it is now harder to be approved for a mortgage than at any other time since World War II. This is absolutely crushing the housing market. #16 Most Americans don't seem to expect housing prices to recover for an extended period of time. One recent survey found that 54 percent of Americans believe that there will not be a housing recovery until "2014 or later". #17 The combined debt of the largest GSEs (Fannie Mae, Freddie Mac and Sallie Mae) has increased from 3.2 trillion in 2008 to a whopping 6.4 trillion in 2011. If that debt goes bad, U.S. taxpayers will be left holding the bill. #18 There are now nearly 50 million Americans that do not have health insurance, and the percentage of Americans covered by employer-based health plans has fallen for 11 years in a row. Meanwhile, Americans now spend about 3 times as much on health care as they did back in 1990. #19 The Postal Service has publicly announced that it is "on the verge" of financial collapse. #20 The number of small businesses continues to fall. I recently noted this fact on The American Dream Blog.... The number of "self-employed" Americans continues to rapidly shrink. According the Bureau of Labor Statistics, 16.6 million Americans were self-employed back in December 2006. Today, that number has shrunk to 14.5 million. Even though we have 14 million unemployed people in this country and jobs are incredibly difficult to come by, the number of people trying to work for themselves continues to decrease because the environment for small businesses in this country has become so incredibly toxic. #21 American consumers have become tremendously pessimistic. According to one recent survey, 61 percent of all Americans believe that they will not return to their "pre-recession" lifestyles until at least 2014. According to a different recent survey, 39 percent of Americans actually believe that the U.S. economy has now entered a "permanent decline". #22 Many U.S. investors certainly seem to believe that trouble is coming. According to CNN, last month the number of bets against the S&P 500 was the highest that we have seen in about a year. #23 The number of U.S. households that are "doubling up" continues to grow. According to the U.S. Census Bureau, the number of combined households has increased by 10.7 percent since 2007. #24 When Barack Obama moved into the White House, the average price of a gallon of gasoline in the United States was $1.83. Today it is $3.58. #25 The number of Americans living in poverty grew by 2.6 million last year. That was the largest increase since the U.S. government began calculating poverty figures back in 1959. #26 Back in the year 2000, 11.3% of all Americans were living in poverty. Today, 15.1% of all Americans are living in poverty. #27 On Barack Obama's first day on the job, there were about 32 million Americans on food stamps. Today, there are more than 45 million Americans on food stamps. #28 If there is a financial collapse in Europe, that will definitely plunge us into another recession. Right now, things do not look promising. At this point, headlines all over the world are proclaiming that Greece is dangerously close to defaulting. #29 At some point soon, investors all over the globe may decide that it is time to start dumping U.S. government debt. For example, Chinese officials are now openly talking about the need to "liquidate" their holdings of U.S. Treasuries. #30 The U.S. national debt continues to explode in size and spiral out of control. According to Professor Laurence J. Kotlikoff, the U.S. "fiscal gap" increased by about 6 trillion dollars last year. In fact, Kotlikoff makes a compelling argument that Greece is actually in better shape financially than the United States is. Do you now understand how much trouble we are in? The long-term trends that are destroying us continue to get worse. The United States is steamrolling directly toward an economic collapse. When this economy hits bottom and splatters all over the place, it is not going to be easy to fix. The America that we know today is going to be wiped out by a gigantic mountain of debt and by the consequences of decades of really bad decisions. We were handed the keys to the greatest economic machine in the history of the world and we have wrecked it. So prepare for really, really hard times ahead. The era of endless prosperity is ending. Next comes the pain. Help Make A Difference By Sharing These Articles On Facebook, Twitter And Elsewhere: * Facebook * Google Bookmarks * Fark * Ping.fm * Reddit * StumbleUpon * Tumblr * Twitter * Current * NewsVine * Posterous * Diigo * LinkedIn * del.icio.us * Digg * email September 20th, 2011 | Tags: Credit Card, Credit Card Debt, Debt, Economic Disaster, Economic Trends, Economy, Next Recession, Student Loan, Student Loan Debt, U.S. Economy | Category: The Next Great Depression « Nervous Breakdown? 21 Signs That Something Big Is About To Happen In The Financial World 25 Signs That A Horrific Global Water Crisis Is Coming » 225 comments to 30 Signs That The U.S. Economy Is About To Go Into The Toilet « Older Comments 1 2 * Kevin2 September 20th, 2011 at 9:02 pm · Reply It’s all about relatively. The US is holding on because the rest of the world is in even worse shape. Gold and the USD climb at the same time which normally is unheard of. Europeans are actually looking at the USD as a “safe haven”. If (more likely when) this becomes unraveled it’s taking the entire world with it. The power elite had a major hand in the collective causes of all of this but it’s my bet that it is spinning out of their control. Yes they fail too. Don’t rejoice, chaos is not cool. A world heavy with arms, broke and scrambling for resources is not a pretty picture. * carol September 20th, 2011 at 9:58 pm · Reply I have been reading the articles on this site since I lost my job in the Financial World(not one of the wealthy bankers)downsized from bank merger, sending the “older” workers home to save on their bottom line. It is very informative. I live in North Carolina, in a county that has 11.2% unemployment. New jobs are coming, just a new company recently, but not enough to stop the bleeding! I have always been an optimist, but that is slowly starting to die! I have been back- to- school and now have a “great interview” coming up in a couple of weeks, in healthcare. Healthcare seems to be the only occupation that is still hiring, but thanks to medicare, medicaid and possible social security cuts, this is slowly dying as well. I spoke with my recruiter yesterday and she said yes, this field is slowing down and has been for the past few months. My unemployment ends the end of December, yes, I will be one of the 99′ers, one that did not sit at home and eat potato chips, drink soda and watch TV. I have no health insurance, I support myself and cannot afford it. I was diagnosed with rheumatoid arthritis last fall. Not to mention, degenerative disc disease, and osteoporosis. But I have continued to pursue work and regain employment, despite my health. I have no other choice but to fight and PRAY! It amazes me at the stupidity of the general population, who still have their heads in the sand. The majority have no idea what is actually going on in our country on the political or economic side. I have shared your articles on my Facebook page, only a few have even bothered to make comments.They are more concerned with what they are doing the next weekend, or trivial things in life, they don’t get the big picture! Greed has destroyed the USA and is continuing to do so! The is a very sad time in our nations history, God Bless the USA! The innocent will suffer, when a country turns it’s back on God, the elderly and children, it will not survive! + Michael September 21st, 2011 at 1:42 am · Reply Carol: I am so sorry for what you are going through. My wife and I will say a prayer for you. It breaks my heart when I read the things that people share on this site about what they are going through. Keep hanging in there. I know that it is tough. Michael + Jake September 21st, 2011 at 12:21 pm · Reply Carol, we also live in North Carolina. I have a friend who has worked as a nurse in a large hospital. She said that nursing school graduates are finding it hard to get a job. That hasn’t happened in her 30+ years as a nurse. So even the medical field is seeing rough times. We prayed for you today. You said it right- PRAY and cling to the Lord. He saves all our tears in a bottle. He is praying for us that our faith won’t fail. o nicholas January 10th, 2012 at 11:30 am · Reply sometimes praying for help is a good thing, but this something that we screwed up and need to take responsibility for and fix. Jesus died for our sins, not our stupidity and greed……besides that I too wish for all of us to get through this + Kender September 23rd, 2011 at 7:43 am · Reply Carol, before you go bashing other people and gush self-righteosly at the “stupidity” of other people, go look in the mirror, OK? You are STILL on Facebook? Facebook is a front for the CIA, it has YOUR name, YOUR address, as well as those of ALL your family and friends. Photos of everyone are forever filed away to be screened and looked at by…? Well, see THAT’S the problem, we don’t really know who, but they know ALL about you and yours. So, while you preen and proudly assert that you are not one of “those” people who sit around all day, eating chips and watching TV, its pretty obvious to the rest of us what you have been doing, facebooking your soul away frivolously and unbeknownst to them, that of your friends and family too! o nicholas January 10th, 2012 at 11:17 am · Reply wow, way to be a dusch, and this isn’t facebook, Carol probably came across this article when researching, oh and facebook isn’t viewd by the CIA its viewded # nicholas January 10th, 2012 at 11:22 am · Reply by NSA aka national security, and they look into you if certain key words are said/written. Next time you want to talk crap to a god honest hard working american get your facts straight * deana September 20th, 2011 at 10:01 pm · Reply And, of course, the USAs financial woes have nothing at all to do with [url=http://www.truth-out.org/obamas-arc-instability-destabilizing- world-one-region-time/1316442192]this[/url] or [url=http://www.uruknet.info/?p=m81592&hd=&size=1&I=e]this[/url] * jerry O September 20th, 2011 at 10:22 pm · Reply How true this is. The economy is going to continue to go down. We are seeing the results of what we have been sowing for many years. All economies go through this. There are 7 phases to the whole cycle. 7 stage financial life cycle of an empire 1. Good Money – every major empire starts out with good money, either gold or backed by gold. 2. Social Programs – as a country develops economicall/socially, takes on more public works, adding layer upon layer 3. Military Spending – as a nation’s affluence grows, so does it’s political influence and spends massively on the military 4. War – nation puts military to use and expenditures explode and nations go to war 5. Fiat Currency – to fund the war, the costliest endeavors, nations starts to steal wealth of its citizens by replacing their money with fiat currency (value decreed by gov’t and not backed by nothing). This occurs either at the outbreak of war, or previous ravages of war. 6. Inflation – wealth transfer is experienced as hyperinflation. Results in riots eg. Egypt. Price of all commodities and goods go through the roof. 7. Wealth Transfer- final stage, in mass movement, nation moves out of the currency and into the precious metals and other tangible assets. The currency collapses. This results in massive wealth transfer to those who had the foresight to position themselves in the right asset class in advance. We’re are between stage 6 and 7. This transition is just beginning. This move represents the largest transfer of wealth in the history of mankind. People will either end in poverty, or wealth, depending on whether we prepare NOW. This cycle is predictable as for eg. Roman Empire. For a free video go to: http://www.TakeControlofYourFutureNow.com + mychl September 21st, 2011 at 11:25 pm · Reply You can see a similar pattern with the nation Israel: prosperity, idolatry, repentance, closely followed by God’s mercy and restoration . This pattern was repeated frequently. Hopefully we are headed towards a state of repentance. Idolatry is subtle poison and I like many have been its willing victim. Mchl * DB200 September 20th, 2011 at 10:35 pm · Reply #24 When Barack Obama moved into the White House, the average price of a gallon of gasoline in the United States was $1.83. Today it is $3.58. Today I filled up. In Europe it is about $9 a gallon. Barack Obama can’t influence the price of oil. The price is influenced by demand and supply. Supply has peaked or is close to its peak. Demand is rapidly increasing in non-OECD countries. That means that the price of oil will stay high, even when OECD countries go into depression. + John B. September 21st, 2011 at 7:01 am · Reply Not true. Obama can influence the price of oil by allowing more drilling in the US. The EPA recently denied Shell a permit to drill in the Arctic. No new permits in the Gulf have been issued since the oil spill. 80% of the US coastline is off limits to drilling, as are ANWR, and most federal lands. Sure we need clean air and water, but we also need jobs, and reasonable energy costs. This is one of the major issues choking the economy. The US economy could be fixed with the stroke of a pen by allowing oil drilling, and threatening China with an import tariff if they don’t stop manipulating their currency. Obama’s left wing looney base doesn’t want any oil drilling, and he’s too much of a wimp to stand up to China (or anyone else for that matter). All he ever talks about is “taxing the rich”. Socialist nonsense. When you put an idiot in the driver’s seat, don’t complain about the trip. o Thomas October 15th, 2011 at 8:14 am · Reply hey, I totally can agree with you on your energy cost argument. THe USA is the richest energy resources country in the world. But I have a problem with the China -import duty increase / threat because china is manipulating their exchange rate. First, the USA is against IMF rules / treaty constantly violating the rules themselves. I live in the USA. And second, there are 2 things to consider that are really not that dry cut. China could let their currency raise against the dollar naturally. Or if the US were to sanction imports with a higher duty tax… either way, consumer goods (most of them) would increase in price dramatically here in the USA. Do you think this would be a good thing, especially right now? By the way, it takes lots of capital investment to move work back from China to the USA. And then its mostly low labor jobs anyway. And many so – self-named ‘made in the USA’ product makers here in the USA import most of their components in the consumer product industries from where…..? China! So, its more complex. I believe this is again one of our stupid governments argument pointing the finger at others as if they were at fault for our poor economy, trying to direct away from being spotlighted themselves. China is simply trying to compete as good as possible, while our US morons, when being handicaped at competing well, quickly run like cry babies to your lobbying agency to complain about the unfair global market place. I say to all those crybaby firms “step aside if you are not man enough to come up with more competitive solutions” + VinGfel September 21st, 2011 at 8:31 am · Reply You can not compare the oil price in USA and in Europe. In Europe, the governments set really high taxes. Think about it: In Switzerland, the oil price is about 1.6 CHF. About 1.1 CHF are taxes. About 0.5 CHF is the “real” price for the distribution and the extraction. In the oil price increase by 50%, it means that the “real price will be increased by 0.25CHF, from 0.5CHF to 0.75CHF. The total price for the customer will go from 1.6CHF to about 1.85 CHF, which an increase of about 15[%] only, compared to the 50[%] of the original “real” price increase. For these reasons, the oil price increase have a smaller psychological impact in Europe than in USA. And because of the traditional high oil price in Europe, peoples are used to think that buying economical cars is better. The actual oil price increase doesn’t make a revolution. It just increase this feeling that cars should consume less. Here, we have a joke about how thirsty american cars are: “When you refuel your american car, don’t forget to stop the engine. Or you will never be able to completely fill the tank.” + liberranter September 21st, 2011 at 4:09 pm · Reply Also the price of gasoline (and other commodities) is heavily affected by inflation. With Amerika facing competition from emerging industrial nations (the BRIC countries, to name just a few), coupled with the slow and steady destruction of the dollar through inflation, painfully high gas prices are here to stay as long as sources are limited (prohibitions against domestic drilling), distribution is cartelized (through OPEC), and Ben Bernanke and his Fed banksters retain control over the fiat dollar. * John Braintree September 20th, 2011 at 11:13 pm · Reply And in the face of the reality presented in this article, is Congress and this president doing some desperately needed belt tightening? No, they keep right on spending like there’s no tomorrow, sending us like Thelma and Louise right over the cliff?! Go figure! Fiscal insanity! And the fault lies are our own door! Did we demand of our law makers a stop to this spending? Did you write even one letter to your Congressman or to the president, demanding fiscal responsibility? * bem1972 September 20th, 2011 at 11:20 pm · Reply Per El Pollo de Oro’s and Bobcat’s comments: In reference to #1, I made the leap several months ago. I now live in Ecuador, where I work as an English teacher. The city in which I live is reasonably safe, and the weather is mild year-round. I have health insurance through my school, and live in a comfortable studio apartment. Best of all, the total combined monthly cost of rent, utilities, internet, cable, food, laundry, and health insurance is only $500. Yes, you read that right. Part of me didn’t want to leave the U.S. I’ve had some great jobs at some high-flying institutions. But I saw the handwriting on the wall some time ago, and made plans to get out, plans which I have now fulfilled. In the end, there was nothing left for me in the States to hold onto; I don’t buy into the consumerist mindset, and the overall ‘vibe’ of the country is not at all to my liking. Here, in Ecuador, I’m living the way I want to live, doing what I want to do, with money in the bank and no debt. I walk everywhere, which has improved my already good health; eat fresh foods of all sorts on a daily basis, instead of the processed garbage one finds stateside; and enjoy a social life that I was never able to do in the country of my birth. Expatriation isn’t for everyone, but having written that, there are a lot of people in the U.S. who have not considered the expatriation route, yet who ought to do so, for their financial AND spiritual sakes. Best wishes to all. + Michael September 21st, 2011 at 1:38 am · Reply Very interesting comment. Thank you for sharing that. Michael + nicholas January 10th, 2012 at 11:40 am · Reply i also am working towards being an english teacher and am wondering how hard is it to teach internationaly * mondobeyondo September 20th, 2011 at 11:32 pm · Reply Obama’s losing support all over the place now. Even Jewish voters are abandoning him: http://www.cnn.com/2011/09/20/politics/obama-jewish-vote/index.html ?hpt=hp_t1 Not good for the incumbent Prez. If he wants to be re-elected in 2012, he’d better start walking on water instead of treading water. * Katie Caliente September 21st, 2011 at 1:58 am · Reply The ONLY real question is; based on the fact we know “Globalization” took away our jobs is: Was it more or less KNOWN this is EXACTLY what was going to happen to our economy? (standard of living) ~Or~ was this an innocent side effect of the actions of some goon who would call themselves, “The Internationalist” or some such tripe? + VinGfel September 21st, 2011 at 8:40 am · Reply I am from Switzerland. Well, isn’t it YOU, the Americans, who pushes the Globalization everywhere in the world, promising that the Global Free Market fill provide prosperity, democracy and happiness? Outside of Europe, a lot of peoples think that USA promoted the “Globalization” in order to crush the economies of other nations, by providing goods at a better price thanks to USA’s industries. Funny to see that USA protested against any local national rules which prevented the importation of USA’s goods, accusing it of bad bad protectionism. Funny to see that USA is suffering to see their industries going away in China, and that now peoples of USA are claiming that USA should be more protective for it’s production. A lot of peoples have no pity for USA, as USA is being crushed by the same “Globalization” it tried (forced) to sell (enforce) to other nations. Sorry to say that. o Owen September 25th, 2011 at 12:57 pm · Reply VinGfel, the American people did not want globalization either. In reality, it is pushed by global elites from all nations with the intention to end the era of independent nation states. Globalization is the work of the New World Order gang and it is used to accomplish their plan for one world government. At this point, Europe remains their crowning achievement, but America is well down that path as well. Too many of us have trusted our leaders more than we should have. As globization advances, all of us (except the globalists) will continue to lose our God given liberty. Like John Donne pointed out, no man is an island. o doo daa October 12th, 2011 at 3:35 am · Reply i understand what you are saying and i do agree with you. we are witnessing a true American Armageddon, when Americans realize that their own actions, believes and ideals are now turning against them and destroying their country. not to mention the joke they have become in the eyes of other nations. but, not all the people in America are bad, greedy assholes, and i can testify to that, although it is proportionally a small number of people comparing with those who are complete idiots and maniacs. in other words, it is good news that not all Americans are totally nuts. * Who will be the scapegoat September 21st, 2011 at 2:56 am · Reply The Jewish people were targeted as the cause of economic despair in Germany prior to WW2. The question comes to mind, who will be targeyed this time around? Will it be the Jewish bankets again? Or will it be White Christain Ametica? Will it be muslims? Will it be Black America an the counties first black president? Will it be hispanics? The horror of Nazi Germany is coming, but the question remains, who will be the next scapegoats? Who will be the next Nazis? People get ready, cause this time aroumd it will make Nazi Germany look like a walk in the park. God help all of us. + r.bitting September 21st, 2011 at 11:23 am · Reply You know good and well who it will be. It will be God’s people ( the jews ), nothing ever changes does it? * Peter E September 21st, 2011 at 3:19 am · Reply I’m surprised that the term “recess…” is not illegal. Surely the way to avoid economic collapse is to heed the implicit advice in “The Economist” and refuse to allow major newspapers from using the R word. (ie the “growthless state that shall not be named”) For shame… I am not sure purely saving money will help you. At worst the paper you collect with be worthless too. Sure pay down debt, but also look to acquiring real assets that provide a return, or if you are in business look to options that cut your costs. But just make sure the returns are real and realised and not just some dream for the future. If you help build local businesses (and not spineless megacorporations) the money will help your local economy, as well build “social capital”. Pity you can’t shoot the crooks in the large corrupt megalithic corporations. (PS: Why do you give them bailouts when the only shift the money to their pockets in the form of bonuses. Its just like rewarding corruption.) One last thing. I’m in Australia and I have bought a few things from the US. Why is it that the US Postal service is so expensive! If I buy something for say $25, the shipping costs are say $40, while a similar item shipped from China or Europe might be only $5-$10!!! * Guest September 21st, 2011 at 3:35 am · Reply You want to save this country. Listen up Democrats and Republicans, here my list. 1. Withdraw from the World Trade Organization. 2. A freeze on all immigration and refugees. 3. A 50% reduction in foreign aid. 4. Repeal all free trade agreements. 5. Closed down 500 of the 710 overseas military bases. 6. Freeze all salaries for Congress and the President until the unemployment rate falls to six percent. 7. Inform all corporations that if they want to sell their products in America, they have to be manufactured here. Their overseas factories can manufacture their products for the local market in that country. 8. Overhaul the entire tax system at the Federal level. 9. Stop invading other countries to build an empire. 10. To Congress and the White House, start obeying the US Constitution. Stop violating the rights of US citizens. + VinGfel September 21st, 2011 at 8:45 am · Reply I agree! And all the other nation of the world should do the same. Except for the point 5 and the point 8, for any “federal” nation. Like Switzerland. 5) Close ALL overseas military base. Why do you need your army outside of your land? (Well Switzerland doesn’t have any base outside his territory) 8) In order to keep the liberty of each State to decide it’s financial politic, each state have the right to define it’s own taxation system. + liberranter September 21st, 2011 at 4:17 pm · Reply A few modifications to your otherwise sound list: 3. A TOTAL ELIMINATION of foreign aid. 5. Close down ALL overseas military bases (none of which have anything whatsoever to do with actual national defense) 6. Freeze lawmaker salaries AND cut back on or eliminate most of their self-conferred perks. 7. Bad idea. Some products simply cannot be cost effectively manufactured in America. More to the point, the real reason that most of these corporations are outsourcing because of the truly ridiculous regulatory chains that are in place, regulations that go well beyond worker safety and that trend toward the economically destructive. 8. SCRAP the entire tax system at the federal level – and encourage the states to do likewise. 10. Add to this statement “or else be prepared to be impeached and/or arrested and face criminal charges, along with being removed from office and barred from ever holding public office again.” + Ben Dover (America) October 1st, 2011 at 7:38 am · Reply Ron Paul, 2012. * Forte September 21st, 2011 at 3:44 am · Reply It pisses me off when i see comments saying why michael is so negative. WTF do you expect him to say? He’s saying the truth, if you can’t accept the truth, **************** now morons. Times are only going to continue to get harder. Reality hurts doesn’t it. * GlennA September 21st, 2011 at 4:07 am · Reply I mostly lurk here and rarely post. But it saddens me when I see Democrat vs. Republican talking points here. This is one of the few good sites on the net that goes above all that – into how both parties are just different heads of the same beast, both corporatist enablers to the chopping us up and selling us off piece by piece for the benefit of the elites. This site goes into how that cartel of privately owned international banking interests aka the Federal Reserve is responsible for bubble blowing and tens of trillions in capital misallocation while decimating the working poor and savers with price inflation and zero interest rates, all to keep the banking elite fat and inflated. If one wants “D vs. R” talking points, one can read that for hours on end in the comments of every article on Yahoo. To me Gary2 is like taking one of those Yahoo yahoos, plucking it out and sticking it over here. It’s a solid two levels below the discourse I come here to find. Not telling the managers of this site what to do, but I wouldn’t even let the D vs. R nonsense through, it cheapens what this board is about – tearing both D and R the new one they deserve. + Michael September 21st, 2011 at 4:14 am · Reply I always love it when a lurker comes out of the shadows. :) Good comment. Michael o GlennA September 21st, 2011 at 5:57 am · Reply Thanks. Yes, lurking in the shadows, that’s been me. A professional man with a master’s degree in a technical who has not worked at a full-time job with benefits since mid 2009. Spent my last 2 years with the company offshoring to India all my team’s work. I hear through the grapevine that quality there has gone completely off a cliff, but profits are OK. Have had only sporadic benefitless contract work ever since, and am now down to my last few bucks. But it gave me the time to understand the carnage for what it is. Have found Mish Shedlock, Karl Denninger, this site and a small handful of others to say it with both barrels blazing and skipping over the corporate media spin. Be it Left corporate media spin or Right corporate media spin. And while both sides of that charade are tossing out little pieces of red meat for the MSNBCbots and FNCbots to wolf down one scrap at a time, the global elites are busy devouring the whole damn dog and pony show, tent and all. And old jobless men like me are just catching on. So thanks for the welcome, and for your outstanding work on the net. Guaranteed there are thousands more yet in the shadows, discovering things for the first time that were completely hidden to them just a few years back, when only the mainstream guarded the gates. # Michael September 21st, 2011 at 5:48 pm · Reply I am sorry to hear that you are another one of the victims of the offshoring of our jobs. A lot of highly educated people are among the long-term unemployed right now. We have millions of highly skilled people just sitting on the sidelines. It is so sad. Keep hanging in there, and may you be blessed with a new job very soon. Michael + r.bitting September 21st, 2011 at 11:26 am · Reply They pit R ve D because in thier eyes that’s the problem. They have forsaken God…. Thats the problem. + Kevin2 September 21st, 2011 at 12:03 pm · Reply Let everyone speak but I do agree with your substance. Every political party combination has been tried and when one looks at the voting record rather then the speeches it’s clear that on major money and military use issues both party’s vote in unison. + Gary2 September 21st, 2011 at 12:40 pm · Reply Glenn=-I am coming around to your way of thinking that the two parties are the problem and we need a third/fourth party etc, I am learning :) o Kevin2 September 21st, 2011 at 7:10 pm · Reply Gary2 I think if we defeat the incumbents in their respective primaries in both party’s and put in those that are not “backed by” the party elite on the ballot we MIGHT break this corporate ownership connection. Vote in the school teacher, engineer, physician or anyone not entrained in the political machine. This will also require very frequently voting out the newly elected from this pool to limit “power” because it corrupts. Just forming another party invites the corporate masters to just write another check. o Highspeed September 22nd, 2011 at 9:53 pm · Reply Think quicker, it’s been difficult reading your rants, but I have tried to do so. * SMASH THE CONTROL MACHINE September 21st, 2011 at 8:46 am · Reply Politics What Recession? Justice Department Spent Nearly Half a Million on Refreshments Read more: http://www.foxnews.com/politics/2011/09/20/what-recession-justice-d epartment-spent-nearly-half-million-on-refreshments/#ixzz1YZh5btwq * Lennie Pike September 21st, 2011 at 2:53 pm · Reply If there is one commodity that has nothing to do with supply and demand, that would be oil. Precious metals also but for other reasons. * Lennie Pike September 21st, 2011 at 3:00 pm · Reply The next Nazis will be, have been, and already are, the Satanic rothschild banking empire – almost the entire world is now totally under their control. They couldn’t care less about Israel or God’s Chosen People even though they call themselves Jews because they are on the other side – diametrically opposed to God. This is a fact, not an opinion. + Diane January 4th, 2012 at 4:19 am · Reply I agree Lennie, It’s the Rothschild bankers that are behind all of this and they control everything. While everyone is arguing about Republican versus Democrat..which are just 2 sides of the same coin, they have slipped another one of their puppets into the White House to screw us up the poop shoot. Did you know notice that none of the candidates never mention the Cental Bank and the Federal Reserve as the culprit of our economic collapse? They can’t because they are handpicked by the establishment. The only candidate I have seen in my lifetime speak about it is Ron Paul. JFK spoke about Secret Societies…which is part of it….and Andrew Jackson “killed the banks”….then he proceded to send the Indians down the Trail of Tears. When will we have a real president? Maybe when we all start speaking out and standing up to injustice. * hiram jackson wooten September 21st, 2011 at 3:13 pm · Reply our economy is soured and affecting average american all our Pesident can come-up with tear down and rebuild (USING CONSTRUCTION WORKEERS AND HE HAS FORGOTTEN THOSE PEOPLE WITH 2 COLLEGE DEGREES.) Get some jobs into America WTO World Trade Orginization killed America (I jhave absolutely no doubt on this issue. * Sulaiman September 21st, 2011 at 3:41 pm · Reply 7 PROVEN FACTS THAT THE WORLD IS HEADED FOR AN ECONOMIC APOCALYPSE IN 2012 and WHAT YOU CAN DO TO BUILD A MASSIVE FORTUNE *** globaleconomicwarning.blogspot.com *** * Sulaiman September 21st, 2011 at 4:00 pm · Reply The creation of a new government agency that will be dedicated to job creation, will only create more government jobs. What a joke! The government can’t create jobs. Our only hope is to support small businesses, which create the majority of new jobs. And you need to take control of your finances by getting financial education. The market is rigged against you. Your IRA and 401K are in danger of becoming worthless. Learn how to leverage the financial crisis to create wealth and protect your family. http://globaleconomicwarning.blogspot.com “HOW WILL YOU FACE THE AMERICAN APOCALYPSE IN 2011: how you can protect yourself and position yourself for the greatest wealth transfer in history.” * Richard Weil September 21st, 2011 at 4:04 pm · Reply One can pick and choose bad statistics to get the worst possible viewpoint, so I’d say the list is a bit biased. But I agree that things aren’t good, and as several posters have noted fearful people do stupid things (but does anybody really think electing Perry will turn things around?). Unfortunately no mainstream poiticans have had the courage to talk about the real problems facing this country or, for that matter, that the US is in decline at least relative to the rest of the developed world. For example, the 9/11 anniversary would have been a perfect time to ask about America’s place in the world, and where we are going, and why the attack even happened, but it’s easier to shout and wave a flag. On the plus side, maybe when things do get bad enough people will wake up and start demanding answers to some very serious questions. My guess is that the US will eventually abandon Afghanistan to a pupet government that will quickly fall to, or at least form a coalition with, the Taliban, after which China will move in–probably with Pakistani help–and take out all the minerals it can. (They already have an agreement to mine there.) At least parts of Iraq–the oil areas–will end up under Iranian control too. When the American public sees these sorts of things happening the results could be very ugly, at least for those in power. And, as side benefits, maybe a country going broke will finally stop trying to run the world through dictators and client states, not to mention give up a ridiculous “war on drugs”. But it will be a miserable time. Add in peak oil, climate change, and who knows what else, and I think America will be lucky to end up something like England. A midlevel power living with the memory and physical remains of its imperial past. Most people have an adequate standard of living, but with shrunken existences and limited future opportunities compared to those few at the top. And the hell of it is it didn’t have to be like this. * Big E September 21st, 2011 at 5:18 pm · Reply I also thank you for the work you do. I also spend long hours in front of my computer researching. I would love to hear more from expatriates who’ve made the leap. This is very important, I have no contacts in other countries so I’m having a difficult time prepping to make the jump. Family thinks I’m crazy but I’m ready ..I have skills and schooling , just need to connect the dots. + Michael September 21st, 2011 at 5:34 pm · Reply Moving to another country is definitely not an easy thing to do. It isn’t even easy spending a few months in another country. It is definitely something that needs to be prepared for and researched carefully. Michael + El Pollo de Oro September 22nd, 2011 at 4:18 pm · Reply Big E: I’ve done a considerable amount of traveling in Europe and have a lot of friends and business contacts in Europe as well as in Latin America and Australia. Moving to another country isn’t impossible, but it’s very difficult. For one thing, the immigration laws in other developed countries can be really tough for Americans. And another problem many Americans have is the fact that they’re monolingual, whereas people from the Netherlands, Germany, Sweden, Austria, etc. often speak three or four languages proficiently. But I don’t blame you for wanting to leave The Banana Republic of America. This country is an absolute basketcase (although things are really tough in parts of Western Europe as well, especially Spain). * ractivist September 22nd, 2011 at 4:49 pm · Reply Read “The True Story of the Bilderberg Group”. * ractivist September 22nd, 2011 at 5:03 pm · Reply This book lays it all out, it is the government stupid. A SUBVERTED AND CORRUPTED GOVERNMENT FOR THE GOVERNMENT BY THE GOVERNMENT OF THE GOVERNMENT. A one world government, a one world corporation, a fascist totalitarian nation is in the making. Consider GE and Jeff Ihmelt, they own Obama and are working to over take many areas of business, now they are expanding into the finance sector, hhhmmmmm. Could it be any more transparent? I agree, a total collapse is coming, after all, they have stated that is their intention. Dismantle this Republic brick by brick and rebuild it in a socialist framework. America’s sovereignty must be destroyed, so they are doing so thru economic warfare. Once we collapse financially, the civil society will collapse under the weight of starvation. Looting and riots will go unchecked in most places, Marshal law / state of emergency and a lock down. Disease will run rampant in short order and large percentages of the population will die. Again, that is their plan, it has been stated many times. Holdren and the secular elites want to cut the worlds population by 75 to 90%. Remeber Bill Ayers planned on killing 25 million in his revolution. To know Ayers is to know Obama, and Ayers has visited Obama in the WH numerous times, as had George Soros who also has America targeted. Many people know this truth, I hope you consider it. The premise, the prism one must look thru is very basic, they are out to destroy us. Once one accepts this, one recognizes how every action is working towards this, while every speech is a total lie that elevates him to the uninitiated useful idiots. Come Lord Jesus, I expect to see him in the sky in the not to distant future as well. The signs of the times are quite evident. Stock up folks, food, friends and fortresses (God first). Beans, bullets and bandaids, God guns n grub. Use your time wisely and stock up, make plans, organize amongst like minded friends (strength in numbers) and be sure to have a ham radio to communicate with patriots nationwide. God bless, Mark Thompson + James September 23rd, 2011 at 9:20 am · Reply “Use your time wisely and stock up, make plans, organize amongst – like minded friends – (strength in numbers) The only friends I have are from sites like this. My neighbors think I walk around with that tin hat, so I have learned I have to keep my mouth shut. I know my neighbors are my friends, but when that day comes when the SHTF, I think that friendship will disapear and they will point a finger at my house to give themselves one more day without being taken away themselves. When Obama says, “God is on our side, God bless America”, I want to run for cover knowing that something is coming this way, and it ain’t going to be pretty for anyone on the continent. None of us should believe anything that comes out of his mouth, especially when he really says something like that, that he really can’t believe himself. Someday, not on this earth, I hope to meet all of you. From a true believer, God bless you and your loved ones. + Christy Di Lorenzo October 4th, 2011 at 2:58 am · Reply Yes, Ractivist you are so right! Our government is corrupt on both sides of the aisle, run by Luciferians hell bent on global government, and enslavement of the population. People please stop the anger and judgement on your fellow man. Love eachother, and get prepared to help yourself and others when the economy implodes, which it will by design. Our government has been squandering money, so we will go bankrupt, and demand they solve the problem, then they will restructure a socialist society. They create the problem, cause chaos, then implement their desired solution. Please go to prisonplanet.com or read about agenda 21, bilderberg group, council on foreign relations, federal reserve, etc. most of all read the bible in Revelations. Jesus is coming back soon, and boy do we all need Him soon!! * Paul September 23rd, 2011 at 3:19 am · Reply About to? About?? Been there since 2001. * BSH September 24th, 2011 at 3:58 am · Reply Okay, fine, the economy sucks, and the government caused the problem and won’t do anything about it. So what’s the solution? * billy bob September 24th, 2011 at 6:28 am · Reply Gary , why don`t you go and do something in life that is productive to make some money , So we can Tax the hell out of you .Oh thats right , We have makers and takers , and we all know what Gary is. * ron September 24th, 2011 at 4:54 pm · Reply Funny how many posts on other sites support the president.I tell people that his actions are that of someone out to destroy the country. * Souheil Bayoud September 26th, 2011 at 3:50 am · Reply And I gave her time to repent of her sexual immorality,and she did not repent.Indeed I will cast her into a sickbed.Rev 2:21-22 * Russ September 26th, 2011 at 10:55 am · Reply One cause for loosing jobs in manufacturing is those that make things over seas are often not paid a fair wage, which stops the prosperity cycle since they cannot buy things we make. We used to make it here, sell it here, and buy it here. An international agreed upon minimum wage or get taxed on their exports to advanced nations would reverse the trend and generate a tremendous economic engine that has been destroyed by corporate greed. Please, pass this along! * Ben Dover (America) October 1st, 2011 at 8:01 am · Reply To sum up, all of the above ‘solution’: Ron Paul, 2012. * Ben Dover (America) October 1st, 2011 at 8:05 am · Reply William T. Still, author of: No More National Debt http://www.kickstarter.com/projects/billstill/first-interactive-boo k-no-more-national-debt http://www.amazon.com/More-National-Debt-Bill-Still/dp/0964048558 * Jonathon October 20th, 2011 at 7:40 pm · Reply Democrats are bankrupting America by buying votes. Obama must go or America’s days are over. * Oslanod November 7th, 2011 at 9:45 pm · Reply How do you expect me to belive the rest of what you have to write about…???!!! You mention in point #24 “When Barack Obama moved into the White House, the average price of a gallon of gasoline in the United States was $1.83. Today it is $3.58.” ************** I remember the gas hikes every summer when Bush Jr. Was president so dont try and pawn it off on someone else. * Ray November 8th, 2011 at 11:10 pm · Reply Just some food for thought. I came across an article saying that Bank of America got the feds to allow them to merge their 75 trillion dollar derivitive branch into their already troubled FDIC insured bank, putting the FDIC on the hook for the whole thing. This is the same FDIC, who is already broke. At least we can all rest knowing the speculators will be made whole from the fruits of our toil. * rvsujit November 12th, 2011 at 10:05 am · Reply why the president of America not focusing on increasing agriculture productivity? Increasing food production can save the America. Many may feel it is a silly solution,but if you look at the increasing number of people on food stamps(nearly 45 million people) in America, it is somewhat a better solution.My strong feeling is that only farming can save America and no economic reforms and bailouts are going to save America from these dark days.If scarcity of food arises, then who will provide food to these 45 million people living in extreme poverty in America? Do the president of United States of America has a answer to this question? * ebb November 26th, 2011 at 3:35 am · Reply the whole world’s banking system is corrupt and controlled by too big to fail and jail banksters, It is dysfunctional since it is actually a Huge Federal Reserve [Credit swap Derivative] Ponzi scheme to make rich richer on backs of the main Street labor and production see See |> Hedge Hogs; Gold Man’s Sacks; “financial terrorist attacks;” and the Obama sellout: http://abusalmandeyauddeeneberle.wordpress.com/hedge-hogs-gold-man% E2%80%99s-sacks-%E2%80%9Cfinancial-terrorist-attacks%E2%80%9D-and-t he-obama-sellout/ |> SUPER COMMITTEE BIG BANK ROBBERY and “this sucker” going down http://abusalmandeyauddeeneberle.wordpress.com/super-committee-big- bank-robbery-and-this-sucker-going-down/ |> Terrorism by Economic Collapse, debt bondage, money as debt on interest, etc http://terrorismbreedsterrorism.wordpress.com/terrorism-topics/terr orism-by-economic-collapse/ |> Derivatives ‘Mother of All Bubbles’ exploding http://inlightofrecentevents.wordpress.com/derivatives-%E2%80%98mot her-of-all-bubbles%E2%80%99-exploding/ |> Super rich 1% vs 99 %; Terrorism Cycle: Guillotines: Occupy “ALL” streets http://inlightofrecentevents.wordpress.com/derivatives-%E2%80%98mot her-of-all-bubbles%E2%80%99-exploding/ * YOOOOOOOOO December 15th, 2011 at 9:14 am · Reply So this article keeps pointing out tas if Obmam started it or made it worse- REGARDLESS who we have in office, it would have STILL gotten worse- you think Falin and old hot head MCLAME would have done any better? Hell no. It’s the ELITE causing this destruction. Hold on, it’s coming! * Craig January 3rd, 2012 at 12:40 am · Reply I would get out of debt and do the buddy system ..If you can sell your home and move in with someone else , I would consider that. I would not carry any burdens .There is some validity to what is said , the question is When will all this take place .. Five years ? 10 years ?? Never??? The Great Depression is a example to what can happen but in this example today , there are no jobs to come back to. « Older Comments 1 2 Leave a Reply Cancel ______________________________ Name (required) ______________________________ Mail (will not be published) (required) ______________________________ Website You can use these HTML tags
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