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 that the U.S. economy is bleeding, and the truth is that very few politicians in either party are doing a thing to stop it. (Read More...)

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 adjust to.  (Read More...)

40 Bizarre Statistics That Reveal The Horrifying Truth About The Collapse Of The U.S. Economy

Most Americans still appear to be operating under the delusion that the “recession” will soon pass and that things will get back to “normal” very soon.  Unfortunately, that is not anywhere close to the truth.  What we are now witnessing are the early stages of the complete and total breakdown of the U.S. economic system.  The U.S. government, state governments, local governments, businesses and American consumers have collectively piled up debt that is equivalent to approximately 360 percent of GDP.  At no point during the Great Depression (or at any other time during our history) did we ever come close to such a figure.  We have piled up the biggest mountain of debt that the world has ever seen, and now that gigantic debt bubble is beginning to pop.  As this house of cards comes crashing down, the economic pain is going to become almost unimaginable.  (Read More...)