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BE WARNED! The Economy Is Going To Collapse Again. There Is Absolutely No Question, There Is No Doubt, It Is Guaranteed, 100%, Going To Occur!


“Be warned! The economy is going to collapse again. There is absolutely no question, there is no doubt, it is guaranteed, 100%, going to occur. How do we know this? Because we’re on the exact same ‘rinse, repeat’ cycle that we see year after year. A cycle that makes a very few institutions and a few individuals rich and healthy beyond their wildest dreams and puts their failures upon the backs of the people of the world.” Charlie McGrath of Wide Awake News lets us have the economic news, and the news is not good… Is there any way to avoid the devastation? Economist Peter Schiff also warned us about 2013/2014!

What do you do when one of the very few economic analysts to predict the financial crisis would strike in ’07 or ’08 says another, even more catastrophic economic collapse will hit the United States economy in 2013 or 2014?

Do a YouTube query for “peter schiff was right” and you’ll find dozens of videos with montages of the investment broker and financial commentator making accurate predictions about the financial crisis that struck in 2007 while other analysts not only disagree, but insinuate that Schiff’s predictions were completely nuts.

Which Do You Trust More: The Fed’s Implicit Promise That The Stock Market Will Never Crash Again (Because “The Fed Has Our Back”), Or That Every Asset Bubble Boom Is Inevitably Followed By A Bust?

http://www.oftwominds.com/blogjuly13/counterfeit-trust7-13.html

When Bad Government Policy Leads to Bad Results, the Government Manipulates the Data … Instead of Changing Policy

http://www.zerohedge.com/contributed/2013-07-30/when-bad-government-policy-leads-bad-results-government-manipulates-data-%E2%80%A6-in

Obama Spent $4 Trillion on Stimulus With No Real Result

http://www.moneynews.com/newswidget/president-obama-failed-policies-American-families/2013/07/30/id/517668

 

44 Facts About The Death Of The Middle Class That Every American Should Know

1. According to one recent survey, “four out of five U.S. adults struggle with joblessness, near poverty or reliance on welfare for at least parts of their lives”.

2. The growth rate of real disposable personal income is the lowest that it has been in decades.

3. Median household income (adjusted for inflation) has fallen by 7.8 percent since the year 2000.

4. According to the U.S. Census Bureau, the middle class is taking home a smaller share of the overall income pie than has ever been recorded before.

5. The home ownership rate in the United States is the lowest that it has been in 18 years.

6. It is more expensive to rent a home in America than ever before.  In fact, median asking rent for vacant rental units just hit a brand new all-time record high.

7. According to one recent survey, 76 percent of all Americans are living paycheck to paycheck.

8. The U.S. economy actually lost 240,000 full-time jobs last month, and the number of full-time workers in the United States is now about 6 million below the old record that was set back in 2007.

9. The largest employer in the United States right now is Wal-Mart.  The second largest employer in the United States right now is a temp agency (Kelly Services).

10. One out of every ten jobs in the United States is now filled through a temp agency.

11. According to the Social Security Administration, 40 percent of all workers in the United States make less than $20,000 a year.

12. The ratio of wages and salaries to GDP is near an all-time record low.

13. The U.S. economy continues to trade good paying jobs for low paying jobs.  60 percent of the jobs lost during the last recession were mid-wage jobs, but 58 percent of the jobs created since then have been low wage jobs.

14. 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.

15. At this point, one out of every four American workers has a job that pays $10 an hour or less.

16. According to one study, between 1969 and 2009 the median wages earned by American men between the ages of 30 and 50 declined by 27 percent after you account for inflation.

17. In the year 2000, about 17 million Americans were employed in manufacturing.  Today, only about 12 million Americans are employed in manufacturing.

18. The United States has lost more than 56,000 manufacturing facilities since 2001.

19. The average number of hours worked per employed person per year has fallen by about 100 since the year 2000.

20. Back in the year 2000, more than 64 percent of all working age Americans had a job.  Today, only 58.7 percent of all working age Americans have a job.

21. When you total up all working age Americans that do not have a job, it comes to more than 100 million.

22. The average duration of unemployment in the United States isnearly three times as long as it was back in the year 2000.

23. The percentage of Americans that are self-employed has steadily declined over the past decade and is now at an all-time low.

24. Right now there are 20.2 million Americans that spend more than half of their incomes on housing.  That represents a 46 percent increase from 2001.

25. In 1989, the debt to income ratio of the average American family was about 58 percent.  Today it is up to 154 percent.

26. Total U.S. household debt grew from just 1.4 trillion dollars in 1980 to a whopping 13.7 trillion dollars in 2007.  This played a huge role in the financial crisis of 2008, and the problem still has not been solved.

27. The total amount of student loan debt in the United States recently surpassed the one trillion dollar mark.

28. Total home mortgage debt in the United States is now about 5 times larger than it was just 20 years ago.

29. Back in the year 2000, the mortgage delinquency rate was about 2 percent.  Today, it is nearly 10 percent.

30. Consumer debt in the United States has risen by a whopping 1700%since 1971, and 46% of all Americans carry a credit card balance from month to month.

31. In 1999, 64.1 percent of all Americans were covered by employment-based health insurance.  Today, only 55.1 percent are covered by employment-based health insurance.

32. One study discovered that approximately 41 percent of all working age Americans either have medical bill problems or are currently paying off medical debt, and according to a report published in The American Journal of Medicine medical bills are a major factor in more than 60 percent of all personal bankruptcies in the United States.

33. Each year, the average American must work 107 days just to make enough money to pay local, state and federal taxes.

34. Today, approximately 46.2 million Americans are living in poverty.

35. The number of Americans living in poverty has increased by more than 15 million since the year 2000.

36. Families that have a head of household under the age of 30 have a poverty rate of 37 percent.

37. At this point, approximately 25 million American adults are living with their parents.

38. In the year 2000, there were only 17 million Americans on food stamps.  Today, there are more than 47 million Americans on food stamps.

39. Back in the 1970s, about one out of every 50 Americans was on food stamps.  Today, about one out of every 6.5 Americans is on food stamps.

40. Right now, the number of Americans on food stamps exceeds the entire population of the nation of Spain.

41. According to one calculation, the number of Americans on food stamps now exceeds the combined populations of “Alaska, Arkansas, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Iowa, Kansas, Maine, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Utah, Vermont, West Virginia, and Wyoming.”

42. At this point, more than a million public school students in the United States are homeless.  This is the first time that has ever happened in our history.  That number has risen by 57 percent since the 2006-2007 school year.

43. According to U.S. Census data, 57 percent of all American children live in a home that is either considered to be “poor” or “low income”.

44. In the year 2000, the ratio of social welfare benefits to salaries and wages was approximately 21 percent.  Today, the ratio of social welfare benefits to salaries and wages is approximately 35 percent.

http://theeconomiccollapseblog.com/archives/44-facts-about-the-death-of-the-middle-class-that-every-american-should-know

US Economy 2014 Collapse – FED will cause Huge Economic Crisis! – Peter Schiff


Food Stamp Cuts Set To Kick In, Congress Not Paying Attention…(Civil Unrest In 3…2…1…)

WASHINGTON — Regardless of whether Republicans succeed in cutting food stamps this year, the 22 million American households relying on the program will see their benefits drop in November.

The looming reduction has received little attention since lawmakers set it in motion years ago. The average household’s monthly benefit from the Supplemental Nutrition Assistance Program will drop by $20 or $25, according to the Center on Budget and Policy Priorities, a liberal Washington think tank.

“The general public doesn’t realize it,” Celia Cole, CEO of the Texas Food Bank Network, told The Huffington Post on Monday. “We certainly know the low income people on SNAP don’t know the cut is coming.”

Cole’s organization is publicizing the cut with a countdown clock. On Monday the clock indicated there are 94 days “until every SNAP (food stamps) household in America gets a little hungrier.”

But Congress has little appetite for intervention, as the consensus among lawmakers is not whether food stamps should be reduced, but by how much.

http://www.huffingtonpost.com/2013/07/29/food-stamp-cuts_n_3671142.html

 

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  • Winston Reckert

    Best solution ever – buy food as little as you can survive on and quit
    all other spending except your minimal hobby needs to keep you healthy
    and alive. Trust me! This will take the large corporations and the
    criminals to their knees in just a few short years! Consumer junk prices
    will fall dramatically and your income may fall a little bit only and
    in the end the consumer will win big time!