Have you heard the one about the “economic recovery” in the United States? It’s quite funny, but it is not actually true.
Every day, the establishment media points to the fact that global stock markets have soared to unprecedented heights as evidence that the economy is improving. But just because a bunch of wealthy people have gotten temporarily even richer on paper does not mean that the real economy is in good shape. In fact, as you will see below, things just continue to get even tougher for the poor and the middle class. Retail stores are closing at the fastest pace since the fall of Lehman Brothers, the rate of homeownership in this country is the lowest that it has been in 19 years, one out of every five families do not have a single member that is employed, and one out of every five children is living in poverty. We are working harder, earning less and going into more debt. With each passing day, the middle class gets a little bit smaller and the ranks of the poor get a little bit larger. But at least the stock market is doing great, eh?
Nobody that takes an honest look at the numbers can honestly say that the U.S. economy has recovered.
The following are 19 reasons why you can laugh when anyone tells you that the economy is in good shape… [Read more...]
Have you heard the one about the “economic recovery” in the United States? It’s quite funny, but it is not actually true.
It may not seem like it if you have a well-paying job which covers most of your Obamacare costs and that enables you make your mortgage payment, pay the leases on your cars and enjoy discretionary spending, but for the 76% of the country that lives paycheck to paycheck the economy never really recovered from the Great Financial Collapse and is getting worse by the day.
It appears that the US economy is headed straight into a DEEP RECESSION. [Read more...]
Has the next major economic downturn already started?
As you will read about below, major retailers had an absolutely dreadful start to 2014 and home sales are declining just as they did back in 2007 before the last financial crisis. Meanwhile, the U.S. economy continues to lose more good jobs and 20 percent of all U.S. families do not have a single member that is employed at this point. 2014 is turning out to be eerily similar to 2007 in so many ways, but most people are not paying attention. [Read more...]
When American explorers first traveled through north Texas, Oklahoma and Kansas, they referred to it as “the Great American Desert” and they doubted that anyone would ever be able to farm it. But as history has shown, when that area gets plenty of precipitation the farming is actually quite good. Unfortunately, the region is now in the midst of a devastating multi-year drought which never seems to end.
The truth is that we are now in the midst of the worst drought crisis since the days of the Great Depression.
The spike in business beginning on the 3rd of each month is truly astounding. By the 10th of the month the business begins to normalize and by the 22nd the ship is sinking. When there is a holiday in the month we experience a slightly different flow of business. Depending on the nature of the holiday and when it hits the calendar the flow of business changes accordingly.
There is always the spike from the 3rd through 7th as the pantry has run dry. But when the holiday rolls around people have saved their position in the soup line in order to “celebrate” the event appropriately. Remember, not only are the working people of this country putting food on the table, we are also funding items like, lottery tickets, cigarettes, alcohol and everything else that is non-food as a lot people are issued a “cash card” in addition to the ticket for the soup line (EBT card).
When you combine the number of people that receive their daily bread, from tax payer funds, with the number of people who work for government, I dare say it will be impossible to have an election that ever removes the corrupt from office. Who is going to vote against their pay check or the food on their table?
Sadly, it appears, the soup line is here to stay.
Good times for America ended a long time ago. Some time between 1984 and 2004, the economy—the real economy, not the pretend economy propped up on fake data by teleprompted parrots—reached a tipping point. That is what this graph is telling us. Something happened.
The downturn that arrived in 2008 was not cyclical, as mainstream figures would have it. On the contrary, the current jobs depression is deeply structural, and it’s showing up in a labor force participation rate that has stubbornly refused to stop spiraling downward for well over a decade.
According to shocking new numbers that were just released by the Bureau of Labor Statistics, 20 percent of American families do not have a single person that is working.
How can anyone not see what is happening to us? America is in the midst of a long-term economic decline, but the mainstream media and most of our politicians seem to think that things are better than ever.
Wake up America.
Your middle class is dying.
Sorry CNBC, Bloomberg, Fox News and Wall Street but the reason for the slowdown is not the weather. The real reason is the structural deterioration in the income and wealth of the middle class. Real disposable income per capital dropped from $37,265 in 2012 Q4 to $36,941 in 2013 Q4. And those numbers do not include the additional expense/person for Obamacare that will phase in this year, nor do they include the fact that the price of a gallon of gas is the highest it’s ever been for this time of year. In addition, the savings rate plummeted 16% between September 2013 and January 2014 (link for both disposable income and savings rate data). In other words, the ability of the middle class to spend, consume and buy new homes and cars is quickly declining. It’s likely that the real economy hit a wall in November 2013. By the end of 2014, the National Bureau of Economic Research will likely have announced that the U.S economy entered a recession in the first half of 2014. [Read more...]
Is the U.S. economy steamrolling toward another recession? There are an increasing number of indications that we are rapidly plunging into another major economic slowdown.
While it appears that Putin may have already initiated sanctions against the US with the halting of Russian ammunition exports to the US, let us hope that a full-blown economic war between the United States and Russia is averted. Our economy is hurting enough as it is.
But no matter how things with this crisis in Ukraine play out, it looks like hard times are ahead for the U.S. economy. Unfortunately, most Americans never learned the lessons that they should have learned back in 2008.
They just assume that the federal government and the Federal Reserve have fixed our problems and have everything under control, so they are not preparing for the next great crisis.
In the end, tens of millions of Americans will be absolutely devastated when they get absolutely blindsided by what is coming.
The following are the top 12 signs that the U.S. economy is heading toward another recession…
Will The Cartel price suppressors win out when it comes to Precious Metals and other Tangible Assets prices, or will increasingly Bullish fundamentals propel them further up?
Whatever the answer, the mounting evidence is that the Fed-led Cartel is knowingly creating conditions designed to force the U.S (and, indeed, the entire industrialized world), to eventually choose between a Hyperinflationary Depression and the Cartel‘s ominous “End Game.”
As Jim Rogers and David Stockman have recently pointed out, Fed Policy is impelling us to such a Climax.
If you listen to the mainstream media, you would think that happy days are here again for America.
However, if the economy is really “getting better”, then why have millions upon millions of formerly middle class Americans been pushed to the point of utter despair?
The U.S. economy is definitely not getting any better. For example, if you assume that the percentage of Americans that want to work is about at the long term average, then the official unemployment rate in the United States would be above 11 percent. And compared to six years ago, 1,154,000 fewer Americans are working today even though our population has gotten significantly larger since then. Behind all of these numbers are real flesh and blood people, and you are about to hear from some of them. The following are 10 stories from the cold, hard streets of America that will break your heart… [Read more...]
Doug Casey: We Are Going to Have a Fantastic Depression, Gold/Silver More Important to Own than 1971 or 2001!
Doug Casey of CaseyResearch.com warns, “Were going into what I call ‘The Greater Depression.’ It’s going to be much more serious than what happened in the 1930′s. . . . A depression is a period of time when most people’s standard of living drops significantly.” Casey explains, “There is a gigantic amount of debt in the U.S. at all levels—governmental, corporate and individual. Debt is a sign you have been living above your means. It’s a debt bubble, and this is a major reason the government wants interest rates low. When interest rates rise, it makes it harder for people in debt to service that debt. They are simply delaying the inevitable at this point, but it is inevitable what is going to happen, and we are going to have a fantastic depression.”
On physical gold and silver, Casey says, “Gold is more important to own and perhaps a better bargain now than in 1971 or 2001, and the same is true of silver.”
Join Greg Hunter he goes One-on-One with investor Doug Casey. [Read more...]
Did you know that there are more than 102 million working age Americans that do not have a job? Right now, there are more than 11 million Americans that are considered to be “officially unemployed”, and there are more than 91 million Americans that are not employed and that are considered to be “not in the labor force”. When you add those two numbers together, the total is more than 102 million. Overall, the number of working age Americans that do not have a job has increased by about 27 million since the year 2000. But aren’t things getting better? After all, the mainstream media is full of headlines about how “good” the jobs numbers for October were. Sadly, the truth is that the mainstream media is not being straight with the American people. As you will see below, we are in the midst of a long-term unemployment crisis in America, and things got even worse last month. [Read more...]
The U.S. Labor Force Participation Rate Is At A 35 Year Low: 101 Million Working Age Americans Without a Job!
The percentage of Americans that are participating in the labor force is the lowest that it has been in 35 years. During the 70s, 80s and 90s, the labor force participation rate consistently rose as large numbers of women entered the workforce. It peaked at 67.3 percent in early 2000, and just before the last recession it was sitting at about 66 percent. Since the start of the last recession, the labor force participation rate has not stopped falling and it is now at a 35 year low. In September, 11,255,000 Americans were considered to be “unemployed”, and an astounding 90,609,000 Americans were considered to be “not in the labor force”. The number of Americans “not in the labor force” has increased by more than 10 million since Barack Obama entered the White House. When you add the number of unemployed Americans to the number of Americans “not in the labor force”, you come up with a grand total of more than 101 million working age Americans that do not have a job. [Read more...]
The more things change, the more things stay the same. The Great Depression actually started in 1929, but as you will see below, as late as 1933 the Associated Press was still pumping out lots of news stories with optimistic economic headlines and many Americans still did not believe that we were actually in a depression. And of course we are experiencing a very similar thing today. The United States is in the worst financial shape that it has ever been in, our economic infrastructure is being systematically gutted, and poverty is absolutely exploding. Since the stock market crash of 2008, the Federal Reserve has been wildly printing money and the federal government has been running trillion dollar deficits in a desperate attempt to stabilize things, but in the process they have made our long-term economic problems far worse. It would be hard to overstate how dire our situation is, and yet the mainstream media continues to assure us that everything is just fine and that happy days are here again.
The mainstream media was doing the exact same thing back during the days of the Great Depression. The following are actual Associated Press headlines from 1933… [Read more...]