The Fundamental Transformation Of America
There are not words alarming enough to comment on this so lets just keep
it simple. Most people are in denial or simply cannot get the heads around
the fact that a major catastrophe is actually happening in this country.
The media wont tell you about it...they've proven themselves 100%
corrupt. They're the ones that daily present "signs of recovery &
improvement". Do any of the facts below remotely resemble anything even
close to a glimmer of recovery?
The government wont tell you the truth...they've also proven to be 100%
corrupt and are in fact responsible for this. Remember they're the ones
who secretly handed out $8 Trillion dollars of taxpayer money that we only
found out about through force of a Freedom Of Information Act demand.
REVEALED: More Details On The Fed's Breathtaking $7.7 Trillion In Loans To Large Banks - Business Insider
They're also the ones who havent even bothered to pass a fiscal budget for 3 years.
This is not a terrible mistake or an accident. Neither the facts nor the
numbers support this. Even the most skeptical analysis cannot deny the reality
that given the grave situation we face, our government astonishingly
continues to race toward the cliff.
It does not require a PhD in Economics to simply examine our domestic
situation, coupled with that of Europe, and apply common sense and simple
mathematics to realise what is about to take place. There is no more
money. There are no more "fixes".
50 Facts About The U.S. Economy That Should Shock You
Even though most Americans have become very frustrated with this
economy, the reality is that the vast majority of them still have no idea just
how bad our economic decline has been or how much trouble we are going
to be in if we don’t make dramatic changes immediately.
Americans need to understand that America’s economy is precariously
balanced on the edge of full-blown collapse.
The heart of our economic problems is the Federal Reserve. The Federal
Reserve is a perpetual debt machine, it has almost completely destroyed
the value of the U.S. dollar and it has an absolutely nightmarish track
record of incompetence. If the Federal Reserve system had never been
created, the U.S. economy would be in far better shape. The federal
government needs to shut down the Federal Reserve and start issuing
currency that is not debt-based.
Highlights from the list of startling 2011 figures:
■ A staggering 48% of all Americans are either considered to be “low
income” or are living in poverty.
■ According to author Paul Osterman, about 20% of all U.S. adults
are currently working jobs that pay poverty-level wages.
■ The Federal Reserve recently announced that the total net worth of U.S.
households declined by 4.1% in the 3rd quarter of 2011 alone.
■ According to a recent study conducted by the BlackRock Investment
Institute, the ratio of household debt to personal income in the United
States is now 154%.
■ The U.S. Postal Service has lost more than 5 billion dollars over the past
year. That number is projected to be over $14 billion in 2012.
■ In Stockton, California home prices have declined 64% from where
they were at when the housing market peaked.
■ If you can believe it, the median price of a home in Detroit is now just
■ According to the U.S. Census Bureau, 18% of all homes in the state
of Florida are sitting vacant. That figure is 63% larger than it was just
ten years ago.
■ The United States spends about 4 dollars on goods and services from
China for every one dollar that China spends on goods and services from
the United States.
■ The six heirs of Wal-Mart founder Sam Walton have a net worth that is
roughly equal to the bottom 30% of all Americans combined.
■ If you can believe it, 37% of all U.S. households that are led by
someone under the age of 35 have a net worth of zero or less than zero.
■ Sadly, child poverty is absolutely exploding all over America. According to the National Center for Children in Poverty, 36.4% of all children that
live in Philadelphia are living in poverty, 40.1% of all children that live
in Atlanta are living in poverty, 52.6% of all children that live in
Cleveland are living in poverty and 53.6% of all children that live in
Detroit are living in poverty.
■ Today, one out of every seven Americans is on food stamps and one out
of every four [25%] American children is on food stamps.
■ A staggering 48.5% of all Americans live in a household that receives
some form of government benefits. Back in 1983, that number was
■ During the Obama administration, the U.S. government has accumulated
more debt than it did from the time that George Washington took office
to the time that Bill Clinton took office.