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47 Statistics That Indicate That Economic Stress Points In 2011 Could Be Setting The Stage For A Global Economic Meltdown In 2012

Is the world approaching a devastating global economic meltdown?  Right now there are a large number of factors that are creating economic stress points all over the globe.  All of the crazy money printing that the Federal Reserve and other central banks have been doing is putting inflationary pressure on agricultural commodities, oil and precious metals.  Massive floods, horrific droughts and extreme weather patterns all over the globe are ruining crops and creating food shortages.  Some nations are now actually hoarding food, and in other nations rising prices have sparked food riots.  The price of oil has been moving back towards $100 a barrel, and if it stays at a high level for an extended period of time that is going to have very serious consequences for the global economy.  In addition, the growing sovereign debt crisis could erupt again at any time.  Half a dozen nations in Europe are on the verge of insolvency, Japan’s national debt is now well over 200 percent of GDP, and the global financial system is growing increasingly concerned about the exploding national debt of the United States.  The truth is that the entire world financial system is a house of cards balanced on a razor’s edge and it could come down at any time.

Sadly, very little has changed since the world financial system experienced almost a complete meltdown back in 2008.  Global financial markets are still a whirlpool of debt and speculation.  One really bad week could put us right back where we were prior to the infamous Wall Street bailouts.  Very little in our world is truly stable anymore.  As we have seen recently in Egypt, the globe can literally change almost overnight.  All it would take is for one really bad event to happen and world financial markets would instantly start imploding.

So when will the coming economic collapse happen?  Nobody knows for sure, but the fact that the global economy is increasingly becoming less stable as we approach the year 2012 is making a lot of people very nervous.

The following are 47 statistics that indicate that economic stress points in 2011 could be setting the stage for a global economic meltdown in 2012….

#1 According to the United Nations, global food prices set a new all-time record during the month of January.

#2 In early February the worst freeze in 60 years wiped out entire crops all across the southwestern U.S. and northern Mexico.  Already, it has been reported that some U.S. supermarkets have doubled or even tripled prices for certain produce items.

#3 It is being reported that due to the recent horrible freeze in Mexico cases of tomatoes that would usually cost shop owners between 12 and 15 dollars are now going for up to $40.

#4 One of China’s key agricultural provinces is facing its worst drought in 200 years.

#5 The Food and Agriculture Organization says that up to two-thirds of China’s wheat crop could be at risk of failing due to weather conditions.

#6 Officials in Mexico are estimating that four million tons of corn have been lost because of the recent freeze.  That represents a full 16 percent of Mexico’s annual corn harvest.

#7 The price of corn has doubled over the last six months and it recently hit a new all-time high.

#8 The U.S. Department of Agriculture has announced that corn supplies are the tightest that they have been in 15 years.

#9 It appears that Chinese imports of corn will be about 9 times larger than the U.S. Department of Agriculture originally projected them to be for 2011.

#10 The price of wheat has more than doubled over the past year and it hit a 30-month high on Monday.

#11 In the event of a global catastrophe, current global stockpiles of wheat would only be able to feed the world for 82 days.

#12 According to Forbes, the price of soybeans is up about 50% since last June.

#13 The price of cotton has more than doubled over the past year.

#14 The commodity price of orange juice has doubled since 2009.

#15 The price of sugar is the highest it has been in 30 years.

#16 The United Nations is projecting that the global price of food will increase by another 30 percent by the end of 2011.

#17 In the U.K., the official rate of inflation is now twice as high as the target rate of inflation.

#18 Inflation in China is starting to get out of control.  For example, food prices in China rose 10.3 percent during the month of January.

#19 Almost 14 percent of all credit card accounts in the United States are currently 90 days or more delinquent.

#20 New home sales in the state of California were at the lowest level ever recorded in the month of January.

#21 According to the U.S. Bureau of Labor Statistics, the number of job openings in the United States declined for a second straight month during December.

#22 Average household debt in the United States has now reached a level of 136% of average household income.

#23 It is estimated that there are about 5 million homeowners in the United States that are at least two months behind on their mortgages, and it is being projected that over a million American families will be booted out of their homes this year alone.

#24 Today, 46% of all Americans carry a credit card balance from month to month.

#25 700,000 Americans have signed up for a credit card that has interest rates that go as high as 59.9%.

#26 Americans now owe more than $889 billion on student loans, which is even more than they owe on credit cards.

#27 The FDIC is “insuring” U.S. bank deposits that total 5.4 trillion dollars with a deposit insurance fund that is currently sitting at approximately negative 8 billion dollars.

#28 The Social Security trust fund will run a deficit of 56 billion dollars this year.  Just a couple of years ago government planners were promising that we would not have any Social Security deficits until at least 2016 or 2017.

#29 When you adjust wages for inflation, middle class workers in the United States make less money today than they did back in 1971.

#30 4.2 million Americans have been unemployed for one year or longer at this point.

#31 The number of Americans that have become so discouraged that they have given up searching for work completely now stands at an all-time high.

#32 According to a recent Gallup poll, 35 percent of Americans believe that unemployment is currently the most important problem in the United States.  Another 29 percent believe that the economy is currently our biggest problem.

#33 Gallup also says that 19.6 percent of the workforce in America is currently either unemployed or underemployed.

#34 The U.S. government says that 504,000 Americans “dropped out of the labor force” in January.

#35 The Obama administration is projecting that the federal budget deficit will be 1.65 trillion dollars for fiscal 2011.

#36 It is estimated that the total U.S. national debt will be greater than 100 percent of GDP by the end of this fiscal year.

#37 The U.S. government relies on foreign nations such as China and Japan to finance 40 percent of all new government debt.

#38 State and local government debt is now sitting at an all-time high of 22 percent of U.S. GDP.

#39 The Chinese are now hoarding gold like there is no tomorrow.  In fact, Chinese demand for gold has now risen to approximately 25% of total global production.

#40 According to a recent report from the World Economic Forum, the world is going to need another $100 trillion in credit to support projected “economic growth” over the next decade.

#41 According to the U.S. Conference of Mayors, visits to soup kitchens are up 24 percent over the past year.

#42 One out of every seven Americans is now on food stamps.

#43 One out of every six elderly Americans now lives below the federal poverty line.

#44 During the last school year, almost half of all school children in the state of Illinois came from families that were considered to be “low-income”.

#45 According to a survey released very close to the end of 2010, 55 percent of all Americans are now living paycheck to paycheck.  A major economic downturn could quickly wipe out millions of families.

#46 Gasoline prices in the United States are now the highest that they have ever been in the middle of February.

#47 Faith in our economic system continues to decline.  According to one new report, only 26 percent of Americans now trust the U.S. financial system.

The Beginning Of The End - The New Novel About The Future Of America By Michael T. Snyder
  • Michael

    The USA will eventually dissolve into separate nations.

  • Nexus

    Looks like all the disparate issues in the US are coming to a head along with external issues of rising commodity prices that are being fueled by the Federal Reserve ‘QE’ money as it flows into speculation and market volatility which then returns inflation to the economy – the only weapon will be to raise interest rates to ‘try’ and manage inflation.

  • Kelly Keegan

    They do not want a fast collapse, those creaton, then more people will wake up to the fact that they have been hed by the elite. Could you imagine the drama then.

    I subscribe to the FFT newsletter at http://www.forecastfortomorrow.com that guy is calling for a bigger event to come in the next few months. His oil calls are insane, and I have been making good money with that

  • Elihu

    We’re toast…it’s just a matter of time!

  • http://guymcpherson.com Guy McPherson

    #48 and most important: The per-barrel price of oil is headed to $150, and $120 likely terminates the industrial economy: http://guymcpherson.com/2011/01/third-times-a-charm/

  • mondobeyondo

    Hmmm… got any good news??

  • http://firesteel.com/ FireSteel.com

    What do you mean? According the US Government the recession has been over since June of 2009.

    (Laughing all the way to the soup kitchen)

  • Gabe

    Credit is not a bad thing. We created credit to help us, but we do not control the prices of basic things, like houses, cars, food and commodities. This is a world issue.

    The world needs a new economic theory. There has to be some form of control for essential commodities that are vital to our daily lives.

    We help Americans find jobs and prosperity in Asia. Visit http://www.pathtoasia.com/jobs/ for details

  • George Kadlec

    America’s problems are not fiscal, they are moral. Abortion on demand, perversion on demand,
    illigitmacy now at 40% with blacks at 70% and hispanics at 50%. pornography on demand, etc.,etc.,etc.

    Society is now disolving and the dark years are ahead – you can almost feel it in the air. The only question is When?

    Looking at the folly around me I am reminded by Hiliare Belloc’s quote “It is a nice question whether ignorance or stupidity play the greater part in human affairs.”

  • Gary2

    I am utterly astounded at how Republicans don’t see the hypocrisy of going to the mat to extend the Bush tax cuts, and then turn around and propose ruthless cuts to social programs because the situation is so dire. Disgusting.

  • nick

    How will morality fill an empty stomach? Or provide shelter? Declining empires always turn to morals as the savior to problems that are economic in nature. America needs to fail. Otherwise it will only get worse

  • mgc

    So the fact that I can buy hard red winter wheat cheaper now than 2 years ago says what about this article?

  • Josh

    #42 One out of every seven Americans are now on food stamps.

    That number will only rise as unemployment goes up and more people get used to sucking the teet of the government. The number will always be high because Americans want something for nothing. I work at a school on Saturdays and we tutor kids that are on “Free and reduced lunch.” This us SUPPOSED to mean that they are poor, yet I see kids wearing North Face jackets and one kid had a touch screen phone. Parents come in with a Starbucks cup and a Blackberry. Effin people. Until our government stops rewarding failure… people will hack the system and bleed it dry.

  • Economist

    Why are people so upset @ the so-called “poor” who have a Starbucks coffee & Blackberry, yet fail to first mention Wall Street bankers who lost trillions, got trillions in corporate welfare, & STILL live in their mansions. Which 1 is worse & doing more harm to the country?

    What an ignorant post, misplaced rage with a vague undertone of racism.

  • john

    I think sites like this scare people. The America that we know will not end nor will we end up in a depression. There have been so many scares like these over the years/decades and it has always turned around. I am in my sixties and these hard times will get better. Stop assuming, it only makes things worse.

  • http://www.an-m.net Nick Of OZ

    John your optumism is admirable & I hope you are right but there are at the end of 2010 3.9 million US unemployed who are living on nothing. The housing market is still headed south, the US government is still spending like there is no tomorrow, the deficiet is nearly $14.2 trillion (GDP paridy), the military conquest goes on unabated. On Sept 10 2001 Donald Rumsfeld held a news conference to declare war on waste, he said the Pentagon couldn’t account for $2.3 trillion (YES TRILLION) then 911 happened & no-one looks to where the money went! Check it out coming out of Rumsfeld mouth
    http://an-m.net/Waste.htm

  • andy765gtr

    this is what happens to pyramid schemes inthe end.

    we shoulda listened to them scientists in the 70′s who wrote ‘limits to growth’

    but we ignored scientists and listened to economi$ts (who intellectual use premises whos consequences were un peer reviewed by science). they dont even understand their own ‘subject’ (19th century friggin psuedo sociology) let alone the consequence of infinite growth on natural systems. human civilization is a parasitic tumour. simply put, there are now 6 times as many humans on earth that can be supported by it. wtf did ppl think would happen eventually?

    the limits to growth spelt out full ecological/population collapse by 2030. we are nicely on course. in fact it looks like it may happen faster. all for want of a simple one child policy !

  • Leroy Sylvania

    The picture does not look very good, but it seem that God has to always in some way get his peoples attention. The word shows that over and over again. As his word states “When My People that are called by my name will repent and call out my name. Then will I hear them and heal their land” Who in all the world is called by his Name {Christians} just something to ponder.

  • Townes

    The LOVE of money is the root of all evil. Bible
    I hope that mankind does not turn on one another, and go after the ones who caused this, all races unite!
    Bad governments,communists and Global Banksters, the true targets have been identified, not even God will have mercy on them and we sure won’t. Try to cull us out of the herd will you? I don’t think so. Be a hard target. Unite! Resist! Expose! Nullify! Restore!

  • Mark

    An important point to remember in the midst of all these rising prices: Recent massive rises in the cost of commodities futures are generaly NOT due to scarcity and/or crop failures, and have very little to do with supply/demand. They have a great deal to do with money printing by the fed, with this money given to bail out the “too big to fail” banks, and then subsequently invested in commodities futures. Massive cost-push inflation is headed our way (not demand-pull inflation), and it isn’t because of crop failures, it’s because of money printing by the Fed.

    The whole commmodity scarcity meme is merely a ruise for the gullible.

  • Virginia

    People came to this great land over 200 years ago (a grain of sand in time) and were hell bent on making it what it is today. We dammed the water, cut the forests and created sprawling cities out of concrete and asphalt. Now because of all we have done to make it a “money maker” it is no longer cooperating and it refuses to budge. We are just going to have to let it go back to the way it was over 200 years ago so it can finally rest in peace.

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