Suicide, Crime, Unemployment And Poverty All Soar As The Economic Crisis In Alberta Accelerates

Canadian Flag - Public DomainThe nightmare that is currently unfolding up in Canada will soon be coming to the United States. When the price of oil first started crashing, most Americans and most Canadians applauded. Most people thought that lower gas prices would be really good for the economy. Well, it turns out that the exact opposite is true. Just like in the United States, the energy industry has been the primary engine for the growth of good paying jobs in Canada since the last recession. Up in Alberta, there was such a need for oil patch workers that even someone that had just recently graduated from high school could find an oil patch job that paid six figures during the boom times. Now the “boom” is turning into a “bust”, and huge numbers of those good paying jobs are being lost. As a result, suicide, crime, unemployment and poverty are all skyrocketing, and the mainstream media is telling us that “the worst is yet to come“. (Read More...)

Pocketbook Pain: The Rapidly Rising Cost Of Living Is Absolutely Killing The Middle Class In America

Pain In The WalletAll over America, the middle class is dying and poverty is on the rise.  One of the primary reasons for this is the rapidly rising cost of living in the United States.  The cost of just about everything that average families shell out money for on a regular basis – food, rent, health insurance, etc. – is rising much faster than wages are.  In a previous article I noted that the federal poverty level for a family of five is $28,410, but 51 percent of all American workers are making less than $30,000 a year at this point.  We have seen an explosion in the number of people in this country that are considered to be “the working poor” and it gets worse with each passing year. (Read More...)

12 Signs That The Next Recession In The United States Has Already Begun

Is the U.S. economy in a recession right now?  Has the next recession in the United States already begun?  Unfortunately, there are a lot of economic numbers that are pointing in that direction.  U.S. retail sales have fallen for three months in a row, U.S. manufacturing activity is contracting and there are numerous indications that the labor market is getting weaker.  Of course there are some economists that will argue that we never even left the last recession.  For example, the percentage of working age Americans with jobs fell from above 63 percent in 2007 to under 59 percent during the last recession.  Since the end of the last recession, that number has not gotten back above 59 percent.  In fact, it has been below 59 percent for 34 months in a row.  In addition, we have continued to see poverty and government dependence steadily rise during this “economic recovery”.  Since Barack Obama became president, the number of Americans living in poverty has risen by 6 million and the number of Americans on food stamps has risen by 14 million.  So it would be really hard to argue with anyone that wants to say that the last recession never really ended.  However, the latest economic numbers indicate that things are about to get even worse for the U.S. economy, and that is not good news at all. (Read More...)

No Jobs, No Hope, No Future: 27 Signs That America’s Poverty Class Is Rapidly Becoming Larger Than America’s Middle Class

In the America that most of us grew up in, most Americans considered themselves to be part of the “upper middle class”, the “middle class” or “the lower middle class”.  Yes, there have always been poor people and homeless people, but they were thought to be a very small sliver of the population.  Well, today all of that is dramatically changing.  America’s emerging “poverty class” is exploding in size at the same time that America’s middle class is rapidly disappearing.  You won’t hear it on the mainstream news, but the truth is that the United States has lost ten percent of its middle class jobs over the past decade.  Only the top 5 percent of income earners in the U.S. has had their incomes increase enough to keep up with the rising cost of living over the past 40 years.  The truth is that today there are a whole lot of people aggressively jostling for the small number of good jobs that are actually available and each year millions more Americans are being squeezed out of the middle class.  The number of Americans that are financially dependent on the U.S. government continues to set new records month after month.  The number of Americans that are participating in the labor force continues to go down.  The sad reality is that the “American Dream” that so many Americans used to take for granted is being ripped away from us.  If you still believe that the United States is guaranteed to always have a very large, very prosperous middle class then you really need to read the statistics listed below. (Read More...)