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77 Percent Of All Americans Live Paycheck To Paycheck At Least Part Of The Time

If a major economic crisis hit us right now, the vast majority of Americans would be extremely vulnerable.  According to a recent CareerBuilder survey, 40 percent of all Americans live paycheck to paycheck all of the time, and 77 percent of all Americans live paycheck to paycheck at least part of the time.  This is why there was such a problem with foreclosures during the last recession.  When millions of Americans suddenly lost their jobs many of them quickly found that they were unable to pay their mortgages because they had no financial cushions.  For decades, Americans have been trained that it is okay to get into debt up to their eyeballs and live paycheck to paycheck because times will always be good and jobs will always be easy to get.  Unfortunately, times have changed and many (Read More...)

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This Drought Is Killing Millions Of Fish And Is Rapidly Drying Up The Mighty Mississippi

All over the United States, rivers, lakes and streams are drying up and are becoming much warmer than usual.  As a result, millions of fish have already died and millions more will probably die by the end of the summer.  In addition, transportation along the mighty Mississippi and other major rivers has been significantly slowed down.  Incredibly, more than 3,000 high temperature records have been broken over the last month alone, and the U.S. is enduring the worst drought that it has seen since the Dust Bowl days of the 1930s.  More than half of the entire continental United States has been declared to be a “disaster area” by the U.S. Department of Agriculture, and the (Read More...)

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Deflation or Hyperinflation

One economic theory states that we can never have deflation in a long term economy. For prices to deflate would be contrary to the built-in safeguards put forth by the government agencies. The main cause of a deflation would have to be a massive withdrawal of money from the banking system. As long as the money is insured, that is unlikely to happen. I tend to agree with that theory. It is unlikely that prices will go down long term as long as people have confidence in having their money in the banks.

One of the safeguards put into effect in the 30s depended on the negotiation of wages. No one group of wages, but all American Manufacturing was based on Union wages. Inflation and wage increases went hand in hand all through the 50s and to some extent through the 60s. Nonunion people normally could do a “me too” on the backs of Union worker’s negotiations. If a Union member negotiated a contract for $10 an hour plus benefits, companies tended to pay the nonunion worker just a little less. But to remain competitive in attracting people, they had to match the wages fairly close.

In that kind of atmosphere it was natural (Read More...)

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NAFTA & GATT Crashed The Economy, Derivatives Sealed The Deal

Since December of 2007, the government and mainstream media have pointed to runaway spending and predatory lending practices as the cause of the economic meltdown. The fairytale we’ve been spoon-fed is that borrowing, lending and the derivatives debacle was brought on with the fiscal abandon of a frat boy with a free brewery pass at spring break. There is no doubt that all three lead to foreclosures and financial ruin for far too many US citizens. But that’s only part of the story. The real instigator that has so many of us dodging pink slips, fighting to put food on the table and scrambling to stave off foreclosure began with the restructuring of NAFTA and GATT agreements.

When President George W Bush handed the baton over to President Clinton to sign the beefed-up North American Free Trade Agreement (NAFTA) in 1992, it rang the death knell for America. At the time, concerned citizens were alarmed, for the agreement flew in the face of the constitution: article 1, section 8 that states tariffs are to be levied as a means to support the US government.

Many insiders warned NAFTA was less about (Read More...)

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Buying Rural Property In a Declining Real Estate Market

****Today we have a guest post by Barbara Fix.  She is an outstanding writer and I think that you are really going to enjoy what she has to share with us below.  We encourage everyone to visit Barbara at the Survival Diva Blog http://www.survivaldiva.com/.****

Many of us have dreams of buying a cabin or a home on acreage, but if you haven’t been able to afford your dream property, take heart. There may be factors you are unaware of.

Get Your Land For Free!

Yes, you heard right! Places like Beatrice, Nebraska: Curtis, Nebraska: Marne, Iowa; and rural land dotted throughout Kansas are being offered for free in an attempt to infuse sagging populations. If you are not shy of open spaces with few amenities, and you are willing to pre-qualify for a home loan, or build a home within a certain time-frame, it’s time to do an Internet search to see what’s available.

It’s likely this trend will continue as small (Read More...)

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Mania And The Economic Meltdown of Society

Mania and the Economic Meltdown of Society

by Barnabe Geisweiller

During a period of the Dutch Golden Age prices of tulip bulbs reached extraordinary levels. Single tulip bulbs were bought and sold for small fortunes, making some very wealthy. It is widely considered the world’s first speculative bubble and, like all bubbles, it suddenly collapsed. The period is popularly referred to as “tulip mania.”

There have been numerous manias since the tulip craze of the 17th century. Recent bubbles include the dot-com bubble and many real estate bubbles around the world. In bubbles products and assets trade at considerably inflated values compared to their intrinsic ones.

Today, we are at the end of a period of wealth and excess like the Roaring Twenties. This time it is the value of money itself that has been distorted, and the pursuit and concentration of wealth without a relative productive merit to society that has reached the point of mania.

We have (Read More...)

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1, 2, 3 – How To Prove The Truth About The U.S. Economy To Anyone In Three Easy Steps

The U.S. economy is dead on its feet and the majority of the American people don’t even know it.  Sure, most Americans understand that things are not going well right now, but the vast majority are still convinced that we will “fully recover” at some point.  After all, we have always fully recovered and gone on to bigger and better things in the past, haven’t we?  Well, unfortunately this time it is different.  The very foundations of our economic system are rotting.  Yes, unemployment numbers will go up and down and housing numbers will go up and down and inflation will go up and down, but those are not the numbers you should be paying attention to.  Instead, if you want the real truth about the U.S. economy, focus on the long-term trends that are at the root of our problems.  Every single month, the United States loses jobs and economic assets.  Every single month, more wealth flows out of the United States than flows into it.  Every single month, the United States goes into a lot more debt.  Most other economic statistics are simply symptoms of those three big problems.  The truth is (Read More...)

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The New Normal

Many of the things that Americans have been able to take for granted for decades are rapidly coming to an end.  The truth is that a growing economy that produces an ever-increasing amount of good jobs for a thriving middle class is not guaranteed to last forever.  In fact, there are lots of signs that the middle class in America is already being ripped to shreds.  The number of Americans on long-term unemployment benefits is exploding, personal bankruptcies are setting new records, foreclosures are at an all-time high and one out of every eight Americans is now on food stamps.  Meanwhile, the U.S. government is absolutely drowning in debt and America is facing a pension crisis that is so immense that it is almost indescribable.  Most Americans still assume that even if we do have hard times for a while things will always turn around and eventually get better than ever.  But sadly, that is just not the case.  The truth is that the United States is in the early stages of a devastating economic collapse, and the “new normal” is going to be incredibly difficult for a lot of Americans to (Read More...)

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