Skip to comments.50 Things Every American Should Know About The Collapse Of The Economy
Posted on 05/17/2011 10:08:55 PM PDT by Kartographer
Right now, we are witnessing a truly historic collapse of the economy, and yet most Americans do not understand what is going on. One of the biggest reasons why the American people do not understand what is happening to the economy is because our politicians and the mainstream media are not telling the truth. Barack Obama and Federal Reserve Chairman Ben Bernanke keep repeating the phrase "economic recovery" over and over, and this is really confusing for most Americans because things sure don't seem to be getting much better where they live. There are millions upon millions of Americans that are sitting at home on their couches right now wondering why they lost their jobs and why nobody will hire them. Millions of others are wondering why the only jobs they can get are jobs that a high school student could do. Families all across America are wondering why it seems like their wages never go up but the price of food and the price of gas continue to skyrocket. We are facing some very serious long-term economic problems in this country, and we need to educate the American people about why the collapse of the economy is happening.
(Excerpt) Read more at intermexfreemarket.blogspot.com ...
We’re living on borrowed time.
We obviously need more smoke and bigger mirrors.
A lot of the “facts about the economy” that this guy cites are not fundamental facts, but rather current-events items which are not related to why the economy is in the shape it is (one example: the Mississippi flooding, which while bad, has nothing to do with why the economy went down the toilet 2 years ago). Other “facts” he lists are thinly-disguised attacks on “big business”; you know, the ones that would be trying to hire people if everyone wasn’t constantly bashing them and demanding that they be punished.
Well...#50 was interesting....
#50 The percentage of millionaires in Congress is more than 50 times higher than the percentage of millionaires in the general population.
Feds own about 30% of all US land....they will probably start selling that out from under us...
The key to this process is to accomplish such without violence on mass scale, especially violence directed at our elite.
At this point, things are working out quite well.
The missing dimension is this: the ECB exists only to serve Germany's interests. It's a copy of the Bundesbank, writ large over the Eurozone.
#34 The European debt crisis could cause a global financial collapse like the one that we saw in 2008 at any time. The world economy is incredibly interconnected today, and the United States would not be immune. A recent IMF report stated the following about the growing sovereign debt crisis in Europe....Strong policy responses have successfully contained the sovereign debt and financial-sector troubles in the euro area periphery so far. But contagion to the core euro area and then onward to emerging Europe remains a tangible risk.
I'm not sure what constitutes "Big Business", but let's face the fact that our economy is now intwined with the global economy, and that many multi-national companies are indeed eager to hire -- in places like India, the Phillipines, China -- where people are willing to work for a fraction of what it takes a single person in the USA to pay the rent, food, utilities and medical expenses.
The day of the blue collar, or grey collar office worker making enough to buy a house, raise a family with vacations and music lessons, a second car for mom and the teens, etc. are GONE. And Mr. Valenzuela is right about the Federal Reserve debt machine being at the heart of the problem.
Only people who work for the government, or belong to a big labor union, or are highly successful entertainers can escape the serfdom that is claiming more and more American families. And you know which party those people usually vote for.
I did not have any hesitation spending $20 in 1970 but other than a major grocery shopping trip, I would have definite concerns justifying $115 today.
#21 Speaking of J.P. Morgan, most Americans don't realize that they are actually the largest processor of food stamp benefits in the United States. In fact, the more Americans that go on food stamps the more money that J.P. Morgan makes.
Soros used to have large holdings in J.P. Morgan and was once slated to be Chairman of the Board. He's supposedly sold off a good portion but who knows for sure. His lackey, the usurper, is doing a great job of bringing more into the welfare system so there's something in there to think about.
#24 Only 66.8% of American men had a job last year. That was the lowest level that has ever been recorded in all of U.S. history.
How many jobs did non-citizens hold?
#32 America's real estate crisis just seems to get worse and worse. U.S. home prices have now fallen a whopping 33% from where they were at during the peak of the housing bubble.
Yet, my property taxes have risen 31% since 2005.
It wasn’t poverty that fueled the French Revolution, it was rather the perception that the disparity was being shoved in the faces of the “have nots”.
Did that start ? How can we check ? Foggy memory of something I recently heard on the radio...
To thin out the possibility of widespread riots and panic. Replace illegals from Mexico and Latin America with them.
America would be glad it did.
This Marxist putz belongs in jail.
He is just the red bulb, on the nose of the clown.
Consider who the fools at the festival who brought in the clown.
Japanese, Vietnamese,Koreans, and probably some other East Asian groups. Don’t give them any aid from the government, though. These guys work hard as hell, pay their taxes, and a large number of them would fund my SS that is slipping away right now.
"...wondering why it seems like their wages never go up but the price of food and the price of gas continue to skyrocket."
Yes. They are called Democrats and they are stupid.
The rest of us KNOW why.
Big business does suck. Stock prices aren’t where they want. Off-shore work. That is the solution always. Now they are scratching their heads trying to figure out why people in this country won’t buy their products. Solution off-shore more work.
Can I pay my Visa card with my Mastercard?
“Feds own about 30% of all US land....they will probably start selling that out from under us...”
That may not be such a bad thing: liberating federally-owned land and restoring it to the private sector opens up the possibility of its being put to productive use in ways that are precluded so long as Uncle Sam’s name is on the deed. Deciding whether to drill in Alaska or open up vast natural gas reserves should be ECONOMIC decisions, not political decisions. But they won’t be so long as Uncle Sam is the title-holder etc.
“Can I pay my Visa card with my Mastercard?”
If you’re Uncle Sam, the answer is “of course.” Sadly, the answer to the next logical question: “do I have to pay my Mastercard bill?” is “of course not.” Uncle Sam can get away with behavior that would land all the rest of us in jail.
Thank you LBJ and the rest of the Kennedy brain trust. Isn't nice to remember what our “best and brightest” did to us?
Yes..We have reached a point where the truly wise see what is coming and they know, without drastic changes in leadership, we are sunk..Our children will have no future. The truth is that the children of the Progressives will have no future either for when the US finally goes down, the whole world will go with it..
Interesting....so, what happens next?
“That may not be such a bad thing: liberating federally-owned land and restoring it to the private sector opens up the possibility of its being put to productive...” etc.
Really? You think the govt. will sell it to Americans!?!?!?!
Buy American. Bring back American factories. Bring back American jobs.
Or we’ll cease to exist.
“No doubt about it!”
Thanks I needed a good laugh! The sad truth is that, that is all we will get out of government from the local, state and national level.
I should have said.....”selling that out from under us....TO CHINA!”
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.