But “Things Are Getting Better”, Right?

My good friend Chuck sent this to me in an e-mail today. I read it and wanted to post it immediately. Wait, I told myself, this is probably loaded with errors and false information check it out. I searched to its source at the Economic Collapse Blog, the owner is Michael T. Snyder.  Here is a quote from the Michael T Snyder’s Wiki.

“The Economic Collapse Blog plays to the heart strings of every survivalisttax protester, extreme libertarian, and rapture ready nut that can access the internet. The unfortunate part is many cranks post the articles far and wide to the groans of many people who have pointed out that time itself has proven all of the blogs posts over a year old (the longest time frame in Snyder’s prediction range) dead wrong. Driving people insane with these unrelenting articles about global failure is very encouraged by the author as well…”please do not hesitate to spread these articles wherever you would like. I want as many people as possible to read them. Hopefully the things I write are helping a few more people to wake up.”

WOW! they described me very accurately, how did they know all that about me? Regardless I think Michael wrote an article based on facts and applied some common sense. He is not wrong in his logic. I figure the guy who wrote the above is a libtard hippie who works for someone like Media Matters or Organizing for Action.

Frankly, I don’t see this as a gloom and doom article but rather a history of the conditions that has led us to a near state of collapse. The message is that if we don’t do something in the very near future we will see gloom and doom. We can continue to do nothing and watch our kids and grand kids suffer painfully as the United States enters third world status, or we can choose people to govern who are fiscally responsible. I know, I know I’m a survivalist, tax protester, extreme libertarian spouting off without knowing what he is talking about. Or do I?

In the meantime, try reading this piece and decide for yourself as to it veracity.

Show This To Anyone That Believes That

“Things Are Getting Better” In America

Show-This-To-Anyone-That-Believes-That-Things-Are-Getting-Better-In-America-300x225

By Michael

How can anyone not see that the U.S. economy is collapsing all around us? It just astounds me when people try to tell me that “everything is just fine” and that “things are getting better” in America. Are there people out there that are really that blind? If you want to see the economic collapse, just open up your eyes and look around you. By almost every economic and financial measure, the U.S. economy has been steadily declining for many years. But most Americans are so tied into “the matrix” that they can only understand the cheerful propaganda that is endlessly being spoon-fed to them by the mainstream media. As I have said so many times, the economic collapse is not a single event. The economic collapse has been happening, it is is happening right now, and it will continue to happen. Yes, there will be times when our decline will be punctuated by moments of great crisis, but that will be the exception rather than the rule. A lot of people that write about “the economic collapse” hype it up as if it will be some huge “event” that will happen very rapidly and then once it is all over we will rebuild. Unfortunately, that is not how the real world works. We are living in the greatest debt bubble in the history of the world, and once it completely bursts there will be no going back to how things were before. Right now, we are living in a “credit card economy”. As long as we can keep borrowing more money, most people think that things are just fine. But anyone that has lived on credit cards knows that eventually there comes a point when the game is over, and we are rapidly approaching that point as a nation.

Have you ever been there? Have you ever desperately hoped that you could just get one more credit card or one more loan so that you could keep things going?

At first, living on credit can be a lot of fun. You can live a much higher standard of living than you otherwise would be able to.

But inevitably a day of reckoning comes.

If the federal government and the American people were forced at this moment to live within their means, the U.S. economy would immediately plunge into a depression.

That is a 100% rock solid guarantee.

But our politicians and the mainstream media continue to perpetuate the fiction that we can live in this credit card economic fantasy land indefinitely.

And most Americans could not care less about the future. As long as “things are good” today, they don’t really think much about what the future will hold.

As a result of our very foolish short-term thinking, we have now run up a national debt of 16.4 trillion dollars. It is the largest debt in the history of the world, and it has gotten more than 23 times larger since Jimmy Carter first entered the White House.

The chart that you see below is a recipe for national financial suicide…

U.S.-National-Debt-300x180

Of course things have accelerated over the past four years. Since Barack Obama entered the White House, the U.S. government has run a budget deficit of well over a trillion dollars every single year, and we have stolen more than 100 million dollars from our children and our grandchildren every single hour of every single day.

It is the biggest theft of all time. What we are doing to our children and our grandchildren is beyond criminal.

And now our debt is at a level that most economists would consider terminal. When Barack Obama first entered the White House, the U.S. debt to GDP ratio was under 70 percent. Today, it is up to 103 percent.

We are officially in “the danger zone”.

If things really were “getting better” in America, we would not need to borrow so much money.

Our politicians are stealing from the future in order to make the present look better. During Obama’s first term, the federal government accumulated more debt than it did under the first 42 U.S presidents combined.

That is utter insanity!

If you started paying off just the new debt that the U.S. has accumulated during the Obama administration at the rate of one dollar per second, it would take more than 184,000 years to pay it off.

So what is the solution?

Get ready to laugh.

The most prominent economic journalist in the entire country, Paul Krugman of the New York Times, recently suggested the following in an article that he wrote entitled “Kick That Can“…

Realistically, we’re not going to resolve our long-run fiscal issues any time soon, which is O.K. – not ideal, but nothing terrible will happen if we don’t fix everything this year. Meanwhile, we face the imminent threat of severe economic damage from short-term spending cuts.

So we should avoid that damage by kicking the can down the road. It’s the responsible thing to do.

You mean that we might actually do damage to the debt-fueled economic fantasy world that we are living in if we stopped stealing so much money from future generations?

Oh the humanity!

It is horrifying to think that all that one of the “top economic minds” in America can come up with is to “kick the can” down the road some more.

Unfortunately, neither Paul Krugman nor most of the American people understand that our financial system is actually designed to create government debt.

The bankers that helped create the Federal Reserve intended to permanently enslave the U.S. government to a perpetually expanding spiral of debt, and their plans worked.

At this point, the U.S. national debt is more than 5000 times larger than it was when the Federal Reserve was first created.

So why don’t the American people understand what the Federal Reserve system is doing to us?

It is because most of them are still plugged into the matrix. A Zero Hedge article that I came across today put it beautifully…

US society in a nutshell: Chris Dorner has been around for a week and has 222 million results on Google; the Federal Reserve has been around for one hundred years and has 187 million results.

If nothing is done about our exploding debt, it is only a matter of time before we reach financial oblivion.

According to Boston University economist Laurence Kotlikoff, the U.S. government is facing a “present value difference between projected future spending and revenue” of 222 trillion dollars in the years ahead.

So how in the world are we going to come up with an extra 222 trillion dollars?

But it is not just the U.S. government that is drowning in debt.

Just check out this chart which shows the astounding growth of state and local government debt in recent years…

State-And-Local-Government-Debt-425x255

All over the United States there are state and local governments that are on the verge of bankruptcy. Just check out what is going on in Detroit. The only way that most of our state and local governments can keep going at this point is to also “kick the can” down the road some more.

And of course most of the rest of us are drowning in debt as well.

40 years ago, the total amount of debt in the U.S. economic system (government + business + consumer) was less than 2 trillion dollars.

Today, the total amount of debt in the U.S. economic system has grown to more than 55 trillion dollars.

Can anyone say bubble?

The good news is that U.S. GDP is now more than 12 times larger than it was 40 years ago.

The bad news is that the total amount of debt in our financial system is now more than 30 times larger than it was 40 years ago…

Total-Credit-Market-Debt-Owed-425x255

At the same time that we are going into so much debt, our ability to produce wealth continues to decline.

According to the World Bank, U.S. GDP accounted for 31.8 percent of all global economic activity in 2001. That number dropped to 21.6 percent in 2011. That is not just a decline – that is a nightmarish freefall. Just check out the chart in this article.

We are becoming less competitive as a nation with each passing year. In fact, the U.S. has fallen in the global economic competitiveness rankings compiled by the World Economic Forum for four years in a row.

Most Americans don’t understand this, but the United States buys far more from the rest of the world than they buy from us each year. In 2012, we had a trade deficit of more than 500 billion dollars with the rest of the world.

That means that more than 500 billion dollars that could have gone to U.S. workers and U.S. businesses went out of the country instead.

So how does our country survive if hundreds of billions of dollars more is flowing out of the country than is flowing into it?

Well, to make up the shortfall we go to the countries that we sent our money to and we beg them to lend it back to us. If that doesn’t work, we just print and borrow even more money.

Overall, the United States has run a trade deficit of more than 8 trillion dollars with the rest of the world since 1975.

That is 8 trillion dollars that could have saved U.S. businesses, paid the salaries of U.S. workers and that would have helped fund government.

But instead, our foolish policies have greatly enriched China and the oil barons of the Middle East.

Sadly, politicians from both political parties continue to boldly support the one world economic agenda of the global elite.

Just consider how destructive many of these “free trade” deals have been to our economy…

When NAFTA was pushed through Congress in 1993, the United States had a trade surplus with Mexico of 1.6 billion dollars.

By 2010, we had a trade deficit with Mexico of 61.6 billion dollars.

Back in 1985, our trade deficit with China was approximately 6 million dollars (million with a little “m”) for the entire year.

In 2012, our trade deficit with China was 315 billion dollars. That was the largest trade deficit that one nation has had with another nation in the history of the world.

In particular, our trade with China is extremely unbalanced. Today, U.S. consumers spend approximately 4 dollars on goods and services from China for every one dollar that Chinese consumers spend on goods and services from the United States.

But isn’t getting cheap stuff from China good?

No, because it costs us good paying jobs.

According to the Economic Policy Institute, the United States is losing half a million jobs to China every single year.

Overall, more than 56,000 manufacturing facilities in the United States have been shut down since 2001. During 2010, manufacturing facilities in the United States were shutting down at a rate of 23 per day. How can anyone say that “things are getting better” when our economic infrastructure is being absolutely gutted?

The truth is that there are never going to be enough jobs in America ever again, because millions of our jobs are being sent overseas and millions of our jobs are being lost to technology.

You won’t hear this on the news, but the percentage of the civilian labor force in the United States that is employed has been steadily declining every single year since 2006.

Younger workers have been hit particularly hard. In 2007, the unemployment rate for the 20 to 29 age bracket was about 6.5 percent. Today, the unemployment rate for that same age group is about 13 percent.

If you are under the age of 30 and you aren’t living with your parents, there is a really good chance that you are living in poverty. If you can believe it, U.S. families that have a head of household that is under the age of 30 have a poverty rate of 37 percent.

Our economy has been steadily bleeding huge numbers of middle class jobs, and many of those jobs have been replaced by low paying jobs in recent years.

According to one study, 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.

And at this point, an astounding 53 percent of all American workers make less than $30,000 a year.

Oh, but “things are getting better”, right?

Maybe if you live on Wall Street or if you are an employee of the federal government.

But for most families this economic decline has been a total nightmare. Median household income in America has fallen for four consecutive years. Overall, it has declined by over $4000 during that time span.

Sometimes people forget how good things were about a decade ago. About three times as many new homes were sold in the United States in 2005 as were sold in 2012.

But we like to live in denial.

In fact, a lot of families are trying to keep up their standards of living by going into tremendous amounts of debt.

Back in 1983, the bottom 95 percent of all income earners in the United States had 62 cents of debt for every dollar that they earned. By 2007, that figure had soared to $1.48.

Fake it until you make it, right?

But how much debt can our system possibly handle?

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

Total credit card debt in the United States is now more than 8 times larger than it was just 30 years ago.

We are a nation that is completely addicted to debt, but as the financial crisis of 2008 demonstrated, all of that debt can have horrific consequences.

As the economy has slowed in recent years, the Federal Reserve has decided that “the solution” is to recklessly print money in an attempt to get the debt spiral cranked up again.

Have they gone overboard? You be the judge…

Monetary-Base-2013-300x180

And of course this won’t have any affect on the value of the money that you have been saving up all these years right?

Wrong.

Every single dollar that you own is continually losing value…

Purchasing-Power-Of-The-Dollar-425x255

Overall, the value of the U.S. dollar has declined by more than 96 percent since the Federal Reserve was first created.

As the cost of living continues to go up and wages continue to go down, millions of American families have fallen out of the middle class and into poverty.

If you can believe it, the number of Americans on food stamps has grown from about 17 million in the year 2000 to more than 47 million today.

But “things are getting better”, right?

Incredibly, 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.

But “things are getting better”, right?

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

But “things are getting better”, right?

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.

But “things are getting better”, right?

Today, more Americans than ever have found themselves forced to turn to the federal government for help.

Overall, the federal government runs nearly 80 different “means-tested welfare programs”, and at this pointmore than 100 million Americans are enrolled in at least one of them.

According to the U.S. Census Bureau, 49 percent of all Americans live in a home that receives direct monetary benefits from the federal government. Back in 1983, less than a third of all Americans lived in a home that received direct monetary benefits from the federal government.

So is it a good sign or a bad sign that the percentage of Americans that are financially dependent on the federal government is at an all-time high?

And in future years the number of Americans that are receiving benefits from the federal government is projected to absolutely skyrocket.

Back in 1965, only one out of every 50 Americans was on Medicaid. Today, one out of every 6 Americans is on Medicaid, and things are about to get a whole lot worse. It is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.

If you take a look at Medicare, things are very more sobering.

As I wrote recently, it is being projected that the number of Americans on Medicare will grow from 50.7 million in 2012 to 73.2 million in 2025.

At this point, Medicare is facing unfunded liabilities of more than 38 trillion dollars over the next 75 years. That comes to approximately $328,404 for every single household in the United States.

Are you ready to contribute your share?

Social Security is a complete and total nightmare as well.

Right now, there are approximately 56 million Americans collecting Social Security benefits.

By 2035, that number is projected to soar to an astounding 91 million.

Overall, the Social Security system is facing a 134 trillion dollar shortfall over the next 75 years.

Oh, but don’t worry because “things are getting better”, right?

I honestly do not know how anyone can look at the numbers above and come to the conclusion that the economy is in good shape.

We have accumulated the largest mountain of debt in the history of the world, our economic infrastructure is being gutted, we are bleeding good jobs, government dependence is at an all-time high and we are getting poorer as a nation with each passing day.

But other than that, everything is rainbows and lollipops, right?

If you want to see the economic collapse, just open up your eyes.

And if dramatic changes are not made quickly, things are going to get much, much worse from here.

Please share this article with as many people as possible. Time is quickly running out and there are a whole lot of people out there that we need to wake up while we still can.

The-Economic-Collapse-Is-Happening-300x216

Broken Balance

IMG

I’m tired of hearing about the fiscal-cliff. I’m tired of the posturing of the behemoths in Washington. Let’s call a Spade a Spade. Obama’s version of a balanced approach is “I tax, I spend.”  We the sheeple of the Divided States of America will pay the privilege of converting to communism.

If I were a gambling man I would start a huge block pool to predict the date on which the DSA goes totally insane, and becomes a communist nation. My guess is that it will be a lot sooner than we think.

Why am I so cynical? Here is why:

The war on God

Being rich is evil

Working is evil

Job creators are evil

Profit is evil

What is mine is mine, and what is yours is mine

Big government is the answer

No one wants responsibility

The war on Christmas

Muslims are good only a small percentage who are radical are bad

Food stamps are good

Free phones are good

Welfare is good

The one percent are greedy bastards who stole all the money from the ninety-nine percent

The forty nine percent who do not pay taxes deserve more tax return

Hollywood stars know what is best for the country

Obama is the Savior

Atheism is the new religion of the country

Guns are evil

Killing dictators is good

Sponsoring gun running to Mexico is good

Covering up by telling the people of the DSA a deliberate lie is good

Ignoring the  law is good if you are in charge, it is bad if you are a sheeple

Spending without limit is good if you are in charge

Spending without limit if you are a sheeple is bad

Taking vacation is good if you are in charge

Taking vacation if you are a sheeple is not economically possible

Borders are for sheeple who want to know when they are in Mexico

Mexicans don’t have borders

Show up to vote who ever you are

Vote as a proxy for your dead relatives

Show a photo ID to cash a check

I’m tired, I can’t go any further without taking a break.

 

We Are Screwed

Dorothy did it to me again. She sent me a video that has me in a countdown mode. How long before the USA crashes? The answer is not simple. If our leaders fail to address the problems before us, we are screwed. There is no better way to put it.

At this point, we have a few seconds to fix the problem. If we choose the wrong President, we are screwed. If our leaders lie to us, and fail to fix the problem, we are screwed. It is only a matter of time before the USA is at the bottom of the list with Greece, Spain, and every other pot hole of a country that has nothing. If we keep the guy we have, we know the race is on to give away the America’s wealth before the economy collapses. If we choose the new guy whose background is in fixing broken companies, we might still have a chance.

Where is our current leadership? Why are they concentrating on going around the world poking sticks into hornets nests when they should be working 24/7 on fixing the economy and the broken entitlement system we so generously asked for.

Anyone with a third grade education can watch this video and tell where the problem lies. It explains why interest rates are so low. The Fed knows if it were higher the countdown would be moving at the speed of light toward our failure. I think the people of America are smart enough and mature enough to understand what needs to be done. Will our elected representatives have the cojones to do something about it?

At this point I am glad I am the age I am. Even if I survive another twenty years (fat chance of that happening) I will not have to endure the misery as long as my grandkids who range in age from seven to eighteen. Those poor kids won’t know what hit them, and I feel responsible for doing it to them. The thought that I’ll spend eternity knowing I did it to them just makes me feel all warm and fuzzy.  Of course I was not alone, I have around 330 million neighbors who also contributed to the problem.

So the question is this, what are we, uh, what are you going to do about the situation?

I know what I will do.

Watch the video to understand the problem. It wasn’t caused by Obama or Bush, It started in the nineteen forties with Franklin Delano Roosevelt. Everyone since then has exacerbated the problem.

 

Radical Ideas Resonate With the People

Ron Paul's blimp

Image via Wikipedia

While I still worked for a living, one of my engineers asked me who I was voting for. I answered “the most conservative candidate.”

“Oh, are you voting for Ron Paul?”

At the time, Ron Paul was a no name to me. I didn’t have clue about him or his background. Today, I know a bit more, but still not enough. Paul continues as a favorite in the Iowa polls. Why? I’ve tried to get answers from friends, and they tell me he has some radical ideas and is dangerous to the country. So why does he continue to show so well in polls during the primary campaign?

It is my belief that the man’s ideas resonate with the average person. So what are the ideas presumed so radical, and why do they strike such a strong appeal to we the people?

I had to read several articles to decide for myself what ideas Paul promotes. After doing so, I concluded the ideas are not so radical, and they appeal to me too. A few months ago I took one of those ten question tests to find where I stood on my political beliefs. Before this test, I considered myself a conservative; surprise, I tested strongly libertarian. Ron Paul is also a libertarian. Another person whose ideas and commentary I love is former ABC, and now Fox commentator  John Stoessel. Stoessel is a libertarian who regularly exposes how when government gets involved things go seriously wrong.

Here are the Paul ideas that my friends consider radical:

1. A balanced budget, (Not radical)

2. Obey the Constitution, (Radical only to Progressives and Socialists)

3. Cut One trillion dollars from Federal spending in his first year of presidency, (Radical only to Democrats)

4. Iran is politically no different from any other country, (Yes, radical even to me)

5. All wars approved by the US Congress (In the current Constitution)

6. Remove sanctions from Iran, (I’m not sure on this one)

7. Establish a non-interventionist foreign policy, (Radical to US politicians)

8. Eliminate the Federal Reserve, (Radical to big banking)

9. Withdraw from the United Nations, (Not radical)

10. End the Cuban embargo, (No longer radical)

11. Repeal the Patriot Act. (Not radical)

Out of this list of eleven ideas I see four that may be perceived as radical.  How do you feel about items 6, 7, 8, 9, and 10?

Four out of the five (6,7,9,10) listed are foreign policy issues, the fourth (8) is a banking issue.

Yet, the people of Iowa seem okay with these proposals? My wife often tells me we have no business in Iraq, Afghanistan, or in giving money to foreign governments to see them use it against us. Does that sound familiar to items 6, 7, & 9?

Maybe our foreign policy of past years has been the reason for the mid-Eastern countries hating the USA so much, and if we get the hell out of there they can go about their business of converting the world to Islam. Or, they might just be so happy with their new lives they will convert to capitalism.

I see Ron Paul resonating with common people because they like to hear him say things like obey the constitution, cut a trillion dollars in spending, balance the budget, or go back to the gold standard. The common guy who still believes in working for a living, while supporting government employees with the same labor, like to hear those ideas because they are the ideas the common guy lives by.

The real question, however, is not whether Ron Paul’s ideas are radical, or whether he resonates with the people, but rather can he beat Obama?

I don’t believe Dr Paul will be our next president, but I applaud him for awakening America by passionately discussing his libertarian values.

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