“So far the collapse has been slow, but all that is about to change.”
76% of Americans live paycheck to paycheck
27% of American have no savings at all
46% of Americans have less than $800 in savings
The conversion of America into a part-time working society and the country’s second largest employer – a temp agency.
The college trap and the student loan bubble
And of course, foodstamps, foodstamps, foodstamps and the nearly 50 million poverty-level Americans who need them to survive
Here is another good video:
The big boys are dumping everything
We are just seeing the logical conclusion of the debt-based monetary system started 100 years ago when the FRS was installed. Total debt can’t be eliminated because it would contract the money supply and crash the economy. When the crash does happen, they will probably blame derivatives, not the banking system.
China and Japan sold 40.8 Billion Dollars worth of Treasuries last week, the most ever sold in one week by foreign creditors…