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50 Things Every American Should Know About The Collapse Of The Economy
Intermex Free Market Blogspot ^ | 5/17/11 | Ricardo Valenzuela

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 ...


TOPICS: Business/Economy; Government; Society
KEYWORDS: economiccollapse; economics; marxistcoup; money; obamanomics; populationcontrol; preparedness; rulingclass; thecomingdarkness
There is also this:

#3 According to the Wall Street Journal, there are 5.5 million Americans that are currently unemployed and yet are not receiving unemployment benefits.

And this number is growing by thousands everday. Soon there are going to be a lot of very desperate people with no where to turn, especially when the states start cutting back on their assitance because of their own growing monetary problems.

1 posted on 05/17/2011 10:08:59 PM PDT by Kartographer
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To: Kartographer

We’re living on borrowed time.


2 posted on 05/17/2011 10:19:36 PM PDT by unkus
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To: Kartographer

We obviously need more smoke and bigger mirrors.


3 posted on 05/17/2011 10:27:23 PM PDT by RC one (DO NOT RAISE THE DEBT LIMIT!)
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To: Kartographer

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.


4 posted on 05/17/2011 10:28:00 PM PDT by Little Pig (Vi Veri Veniversum Vivus Vici.)
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To: Kartographer

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.


5 posted on 05/17/2011 10:42:52 PM PDT by goodnesswins (Unlike the West, the Islamic world is serious.)
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To: Little Pig
I believe our problems began when Lyndon Johnson, started the “ Great Society:” at the same time we were involved in the Viet Nam War/ In order to pay for both of these programs Johnson and his cronies stole the money that had accumulated in Baltimore in the Social Security Fund. Hard Cash he talked congress into borrowing the money and putting a special bond in it's place, a bond paying 2% interest. From that time on it has been a ticking time bomb in our house. Now the chickens come home to roost/ The U.S. is just another down at the heels bum.We cannot pay our debts, even if we increased the amount of tax revenue by 300% the Government still could not pay the interest due on our debts. Sleep well your Congress is looking for ways to raise money, they now are considering selling our reserve of gold held in Fork Knox. Ho Boy.
6 posted on 05/17/2011 10:44:01 PM PDT by BooBoo1000
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To: BooBoo1000; All

Feds own about 30% of all US land....they will probably start selling that out from under us...


7 posted on 05/17/2011 10:53:29 PM PDT by goodnesswins (Unlike the West, the Islamic world is serious.)
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To: Kartographer
We are witnessing a controlled reduction of living standard in a massive armed population of individual contributors.

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.

8 posted on 05/17/2011 11:02:17 PM PDT by mmercier (see under the skin.)
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To: Kartographer
Number 34 is incomplete.

#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.

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.

Back during the "happy days" before the 2008 meltdown (starting in 1999 when the euro first came out), the ECB held interest rates at around 2 percent to allow Germany to rebuild and stabilize its economy. That made US treasuries look far more secure, so the US got quite a bit of investment out of that. Once Germany's economy was where they wanted it to be, the ECB started raising interest rates incrementally starting from 2005 to 2008; the effect was the higher interest rates attracting investment towards Europe and away from the USA. The eighth time they raised the interest rates is when the bottom fell out and stock markets around the world fell apart. After that of course, all the bailouts happened in the EU—and the ECB is not as magnanimous as the USA; they hammer the recipients with very draconian terms and conditions, that mirror the "Stability and Growth Pact" in the Treaty of Lisbon, where eurozone members had to agree to keep inflation below 3 percent (not a single eurozone member has done this; even Germany's at 6 percent).

Just recently, the ECB started raising interest rates again—so watch out for more trouble.
9 posted on 05/17/2011 11:10:50 PM PDT by Olog-hai
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To: Little Pig
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.

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.

10 posted on 05/17/2011 11:11:41 PM PDT by ARepublicanForAllReasons (Borders, laws and language are what define us (USA) as a country. Let's guard them well.)
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To: Kartographer
#16 Most Americans don't realize how much the U.S. dollar has been devalued over the years. An item that cost $20.00 in 1970 would cost you $115.93 today.

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.

11 posted on 05/17/2011 11:19:38 PM PDT by bgill (Kenyan Parliament - how could a man born in Kenya who is not even a native American become the POTUS)
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To: goodnesswins

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”.


12 posted on 05/17/2011 11:20:18 PM PDT by blackd77
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To: goodnesswins

Did that start ? How can we check ? Foggy memory of something I recently heard on the radio...


13 posted on 05/17/2011 11:27:41 PM PDT by onona (Fullly aware that I may be totally)
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To: Kartographer
Import LOTS of [cool as a cucumber in the face of adversity] Japanese.

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.

14 posted on 05/18/2011 12:23:10 AM PDT by AmericanInTokyo (FreeRepublic's frontline citizen reporter in Japan (among others). -- AiT)
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To: mmercier
We are witnessing a controlled reduction of living standard -----------------------------

This Marxist putz belongs in jail.

TEA-P7

15 posted on 05/18/2011 1:46:28 AM PDT by BobP (The piss-stream media - Never to be watched again in my house)
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To: BobP
There is no possibility of such. The Obama is not responsible in person for this necessary economic readjustment.

He is just the red bulb, on the nose of the clown.

Consider who the fools at the festival who brought in the clown.

16 posted on 05/18/2011 1:58:48 AM PDT by mmercier (legion)
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To: AmericanInTokyo

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.


17 posted on 05/18/2011 2:22:42 AM PDT by arthurus (Read Hazlitt's "Economics In One Lesson.")
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To: Kartographer
"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."

"...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.

18 posted on 05/18/2011 2:39:13 AM PDT by Savage Beast (Truth is the first casualty of American journalism.)
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To: Little Pig

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.


19 posted on 05/18/2011 3:13:59 AM PDT by pas
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To: RC one
We obviously need more smoke and bigger mirrors.

Can I pay my Visa card with my Mastercard?

20 posted on 05/18/2011 3:19:59 AM PDT by gunsequalfreedom (Conservative is not a label of convenience. It is a guide to your actions.)
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To: goodnesswins

“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.


21 posted on 05/18/2011 4:01:21 AM PDT by DrC
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To: gunsequalfreedom

“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.


22 posted on 05/18/2011 4:03:50 AM PDT by DrC
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To: BooBoo1000
Speaking of Social Security returns - did you know that Galveston Texas was able to opt out of the Social Security system 30 odd years ago? They did it by establishing their own system and used the “Social Security Contributions” as their baseline. Today that fund pays its participants right around 7% of their total contributions annually. Social Security pays between 1% and 2% of our total contributions annually.

Thank you LBJ and the rest of the Kennedy brain trust. Isn't nice to remember what our “best and brightest” did to us?

23 posted on 05/18/2011 4:09:58 AM PDT by Nip (TANSTAAFL)
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To: BooBoo1000

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..


24 posted on 05/18/2011 4:36:40 AM PDT by jazzlite (esat)
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To: Kartographer

Interesting....so, what happens next?


25 posted on 05/18/2011 4:41:39 AM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: DrC

“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!?!?!?!


26 posted on 05/18/2011 4:53:55 AM PDT by Peet (Leftists think personal liberty is so important it must be carefully rationed.)
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To: Kartographer

#1: Tariffs.

#2: Tariffs.

#3: Tariffs.

Buy American. Bring back American factories. Bring back American jobs.

Or we’ll cease to exist.


27 posted on 05/18/2011 4:59:17 AM PDT by Cringing Negativism Network (Palin / Hunter 2012)
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To: RC one

“No doubt about it!”


28 posted on 05/18/2011 5:12:31 AM PDT by pingman (Durn tootin'; I like Glock shootin'!)
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To: RC one
“We obviously need more smoke and bigger mirrors.”

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.

29 posted on 05/18/2011 6:21:30 AM PDT by 2001convSVT (Going Galt as fast as I can.)
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To: DrC

I should have said.....”selling that out from under us....TO CHINA!”


30 posted on 05/18/2011 8:15:13 AM PDT by goodnesswins (Unlike the West, the Islamic world is serious.)
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