The middle class is being systematically wiped out of existence in the United States today. America is a nation with a very tiny elite that is rapidly becoming increasingly wealthy while everyone else is becoming poorer. So why is this happening? Well, it is actually very simple. Our institutions are designed to concentrate wealth in the hands of a very limited number of people. Throughout human history, almost all societies that have had a big centralized government have also had a very high concentration of wealth in the hands of the elite. Throughout human history, almost all societies that have allowed big business or big corporations to dominate the economy have also had a very high concentration of wealth in the hands of the elite. Well, the United States has allowed both big government and big corporations to grow wildly out of control. Those were huge mistakes. Our founding fathers attempted to establish a nation where the federal government would be greatly limited and where corporations would be greatly restricted. Unfortunately, we have turned our backs on those principles and now we are paying the price. (Read More...)
Economic Crisis
America Is Being Transformed From A Wealthy Nation Into A Poor Nation At Breathtaking Speed
America is losing wealth far faster than any other nation on earth is. In fact, since the mid-1970s there has been a transfer of wealth of almost 8 trillion dollars from the United States to the rest of the world. Sadly, most Americans have no idea what is happening. Most of them are completely unaware that America is being transformed from a wealthy nation into a poor nation at breathtaking speed. Most Americans just assume that America will always have the largest economy on earth and will always be the wealthiest nation on the globe. Unfortunately, just because something was true in the past does not mean that it will be true in the future. Right now, the United States is bleeding wealth at a pace that is almost unimaginable. Every single month, tens of billions of dollars of wealth is permanently transferred from the American people to the rest of the world. That means that the overall economic pie is shrinking. While the rich and the poor are busy fighting over the distribution of wealth in this country, the size of the pie that they are dividing up is continually getting smaller. America is poorer than it was last month, and next month it will be even poorer. If this continues, it will result in a complete and total economic nightmare. (Read More...)
35 Shocking Statistics That Prove That Things Have Gotten Worse In America
Most Americans know that things used to be much better in the United States, but they don’t have the facts and the figures to back that belief up. Well, after reading the shocking statistics in this article nobody should be left with any doubt that things have gotten worse in America. There are less jobs, incomes are down, home values have plummeted, poverty is up, consumer debt is way up, dependence of the government has skyrocketed and government debt is totally out of control. Sadly, it hasn’t really mattered which political party has had control over the White House. Things have gotten worse under Obama, they got worse under Bush, and they got worse under Clinton. We are in the midst of a horrific long-term economic decline and the American people desperately need to wake up. (Read More...)
18 Statistics That Prove That The Economy Has Not Improved Since Barack Obama Became President
Has the economy improved since Barack Obama became the president of the United States? Of course not. Despite what you may be hearing in the mainstream media, the truth is that when you compare the U.S. economy on the day that Barack Obama was inaugurated to the U.S. economy today, there is really no comparison. The unemployment crisis is worse than it was then, home values have fallen, the cost of health insurance is up, the cost of gas is way up, the number of Americans living in poverty has soared and the size of our national debt has absolutely exploded. Anyone that believes that things are better than they were when Barack Obama was elected is simply being delusional. Yes, things have stabilized somewhat and our economy is not in free fall mode at this point. But don’t be fooled. This bubble of false hope will be short-lived. The problems we are seeing develop in Europe will erupt into another full-fledged global financial crisis and economic conditions in the United States will get even worse. When that happens, what possible ” economic solutions” will Barack Obama have for us? We never even came close to recovering from the last great financial crisis, and now something potentially even worse is staring us in the face. This is not a great time to have a total lack of leadership in Washington. (Read More...)
What Are We Going To Do If The Number Of American Adults That Can’t Take Care Of Themselves Continues To Set New Records?
Today, the number of American adults that can’t take care of themselves is at an all-time record high. So what are we going to do if the number of people dependent on the government keeps going up? Some folks like to point out that most Americans that have recently become dependent on the government would rather be working, but because of a lack of jobs they have gotten into a position where they cannot take care of themselves anymore. Some other folks like to point out that the number of Americans that abuse the system and that enjoy being dependent on the government is steadily increasing. Sadly, both of those positions are true. It is a fact that the percentage of working age Americans that actually have jobs has declined dramatically over the past several years because of a lack of jobs. It is also a fact that a growing percentage of Americans believe that it is the job of the government to take care of them from the cradle to the grave. What people need to understand is that the government is the problem and not the solution. We desperately need more jobs in this country, but the federal government has been absolutely killing job growth, it has been creating a culture of government dependency, and it has been going into gigantic amounts of debt trying to take care of so many people. So what are we going to do if the number of American adults that can’t take care of themselves continues to set new records year after year? (Read More...)
20 Signs That Europe Is Plunging Into A Full-Blown Economic Depression
An economic nightmare is descending on Europe. With each passing month, the economic numbers across Europe get even worse. At this point it is becoming extremely difficult for anyone to deny that Europe is plunging into a full-blown economic depression. In fact, some parts of Europe are already there. In Spain the overall unemployment rate is over 22 percent, and in Greece one out of every five retail establishments has already been closed down. All over Europe, economic activity is rapidly slowing down, unemployment is skyrocketing and bad debts are unraveling. It isn’t even going to take a default by a nation such as Greece or a collapse of the euro to push Europe into an economic depression. All Europe has to do is to stay on the exact path that it is on right now and it will get there. Normally, European governments would respond to an economic slowdown by increasing government spending. But this time most of them are already drowning in debt. Instead of increasing government spending, most governments in Europe are actually cutting back. All over Europe, national governments are being encouraged to implement even more tax increases and even more budget cuts. The hope is that all of this austerity will help solve the nightmarish sovereign debt crisis that Europe is facing. But unfortunately, all of these tax increases and budget cuts are also going to involve a tremendous amount of economic pain. (Read More...)
24 Facts That Show How Ridiculously Unfair Our Economy Is For Americans Under The Age Of 30
If you are an American under the age of 30, you have probably figured out by now that the entire economic system is stacked against you. The way that our economy is structured today is ridiculously unfair to younger Americans. First, we endlessly push our young people to go to our ridiculously expensive colleges and universities where the pile up enormous amounts of debt. Then they get out into the real world where they find that only a handful of really good jobs are available for the vast army of college graduates entering the workforce. Sadly, most of the jobs that our young people are working these days do not pay enough to be able to support a family or buy a decent home. Meanwhile, our politicians are busy mortgaging their future. Our young people are expected to support a Social Security system that will not be there when they get older, and every single day more than 2 billion dollars is added to a debt that will hang around the necks of younger Americans and their children for the rest of their lives. If you stop and think about all of this for too long, your head might just explode with anger. Well, not literally, but you get the point. The truth is that this is going to be the first generation in U.S. history that is going to do significantly worse than their parents, and that is a terrible shame. (Read More...)
Formerly Great Cities All Over America Are Turning Into Open, Festering Sores
Once upon a time, the people of the United States constructed beautiful, shiny cities from coast to coast that were the envy of the entire globe. We had the largest and most vibrant middle class that the world has ever seen and life was quite good in America. But now all of our prosperity is coming crashing down and many of our formerly great cities are turning into open, festering sores. Unfortunately, we are drowning in so much debt that we can barely even slow down the shocking decline of our cities. Over the past decade, tens of thousands of manufacturing facilities and millions of good jobs have been shipped out of the United States. As our economic infrastructure has been ripped out right in front of our eyes, an atmosphere of unemployment, poverty and despair has descended on many of our major cities like a soaking wet blanket. Today, many of our cities that once were considered to be some of the greatest in the world have been transformed into rotting, post-apocalyptic hellholes. When you visit many of these cities and look into the sunken eyes of the residents, you almost get the feeling that something has sucked all of the hope and all of the life right out of them. For a while, large numbers of Americans still believed that the right politician would bring them “hope” and “change”, but now crushing despair is giving way to absolute desperation for millions of people. Desperate people do desperate things, and as our major cities continue to decay they are going to become very dangerous places to be. (Read More...)