Economic Collapse In Process – Nearly 50 Million Poverty-Level Americans Who Need Foodstamps To Survive, And Gas Prices, Bond Rates Are Exploding


The Destruction Of America’s Middle Class (In Under Seven Minutes)

  • 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

The destruction of America’s middle class is not something we discuss lightly. This is an accelerating trend, one that touches all of our lives directly. No matter what income category you are in, educational background, or political affiliation, this trend will alter your own job, business, and everyone around you.

Let’s look at some hard numbers and then look at what we can do in order to prepare to thrive in the future.

http://www.zerohedge.com/news/2013-08-17/destruction-americas-middle-class-under-seven-minutes

U.S. 10 Year Bond Rates Exploding AGAIN! Now @ 2.85; Bill Gross Tweet: “Without Central Bank Check Writing, We Only Have Ourselves To Sell To” Sends Yields Soaring

http://investmentwatchblog.com/u-s-10-year-bond-rates-exploding-again-now-2-85-another-great-real-estate-crash-is-coming-bill-gross-tweet-without-central-bank-check-writing-we-only-have-ourselves-to-sell-to-sends-yield/

 

In this news brief we will discuss the latest news on the economic collapse. We look to see if things are really that different. The central bank will not stop at just confiscating your wealth they will want your life. They want to enslave the people.

Oil soars to $110 a barrel Suez Canal fears, trigger to WW3?? RT

“Investors can’t ignore such a situation, as in the race for power the Suez Canal will be a weighty asset, the ownership of which will give a chance to one of the parties to come to terms with the outside. This is exactly the background against which oil prices are growing,” Aleksey Pukhaev wrote in an e-mail.

Traders are most concerned turmoil in Egypt could escalate to a level where protesters could feasibly disrupt oil and commodity shipping through the Suez Canal, situated about 125 kilometers east of Cairo.

http://rt.com/business/egypt-oil-crude-price-527/

Egypt Is Descending Into Civil War, But Don’t Expect Obama To Cancel His Golf Vacation

The largest Islamic nation in the Middle East is on the verge of descending into civil war, the Syrian civil war is starting to spill over into Lebanon, and the worst violence in five years has just hit Iraq, but Barack Obama is way too busy to be bothered with any of that.  Right now, Obama is enjoying one of the true loves of his life – golf.  According to the Washington Post, Obama has “played 18 holes of golf every day but one this week”, and without a doubt he appears to really be enjoying his time up in Martha’s Vineyard.  I hear that it is absolutely beautiful up there this time of the year.  And apparently he needs the rest.  After all, prior to this vacation he has only had time to play 133 rounds of golf since becoming president.  Between snubbing world leaders and getting the U.S. economy going again, it must be really tough for Obama to find enough time to sharpen his game.

Of course I am being facetious.  It is absolutely ridiculous how much time Obama takes off, and Congress is even worse.  Congress is taking a five week vacation right now.  Most Americans don’t get that much vacation in an entire year.

Meanwhile, as our leaders enjoy their rest, the Middle East is coming apart at the seams.

In Egypt, authorities say that 638 people are now confirmed deadand another 3,994 people were wounded in the nightmarish violence that erupted in Cairo this week.  Hundreds of bodies remain uncounted by the authorities, and it appears very likely that Egypt is rapidly heading down the path to full-blown civil war

http://theeconomiccollapseblog.com/archives/egypt-is-descending-into-civil-war-but-dont-expect-obama-to-cancel-his-golf-vacation

 

 


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