Not Prepared: Will Most Americans Be Absolutely Blindsided By Multiple Wars And A Simultaneous Economic Collapse?

Prepared

According to CBS News, an astounding three-fourths of all Americans have to “scramble to cover their living costs” each month.  In other words, most of the country is either living paycheck to paycheck or very close to it.  But instead of tightening their belts and trying to put something away for the very hard times that are coming, most Americans are completely and utterly unprepared for what is ahead because the people that they trust on television keep telling them that everything is going to be okay.  Unfortunately, everything is not going to be “okay”, and when things start falling apart all around us there is going to be a lot of anger directed toward those that have been lulling everyone into a false sense of security. [Read more…]

Economic Collapse Is Erupting All Over The Planet As Global Leaders Begin To Panic: The First 24 Hours of The Dollar Collapse

Economic Collapse

Economic Collapse Is Erupting All Over The Planet As Global Leaders Begin To Panic: The First 24 Hours of The Dollar Collapse

Mainstream news outlets are already starting to use the phrase “economic collapse” to describe what is going on in some areas of our world right now.  For many Americans this may seem a bit strange, but the truth is that the worldwide economic slowdown that began during the second half of last year is starting to get a lot worse.  In this article, we are going to examine evidence of this from South America, Europe, Asia and North America.  Once we are done, it should be obvious that there is absolutely no reason to be optimistic about the direction of the global economy right now.  The warnings of so many prominent experts are now becoming a reality, and what we have witnessed so far are just the early chapters of a crushing economic crisis that will affect every man, woman and child in the entire world. [Read more…]

The Next Economic Collapse Will Be So Horrifying In The U.S.

economic collapse

The Next Economic Collapse Will Be So Horrifying In The U.S. 

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.

[Read more…]

September 23, 2015. False flag nuclear attack in US ?-So what do you think?

 nuclear attack

September 23, 2015. False flag nuclear attack in US ?-So what do you think?

Over the past 48 hours or so, we’ve seen what certainly appears to be visual confirmation of a non-negligible Russian military presence in Syria. For anyone coming to the story late, overt Russian involvement would seem to suggest that the geopolitical “main event” (so to speak), may be closer than anyone imagined.

Russia’s excuse for being in Syria is the same as everyone else’s: they’re there, ostensibly, to fight ISIS. As we mentioned yesterday, and as we’ve detailed exhaustively as it relates to Turkey, the fact that ISIS has become a kind of catch-all, go-to excuse for legitimizing whatever one feels like doing is a dangerous precedent and Turkey’s crackdown on the Kurds proves beyond a shadow of a doubt that Islamic State will serve as a smokescreen for more than just the preservation/ouster (depending on which side you’re on) of Bashar al-Assad. 

RELATED : Russian Analyst Calls For Nuclear Attack On Yellowstone National Park

[Read more…]

The Coming Crash & The Recession That Never Ended – (VIDEO)

 Crash

The Coming Crash & The Recession That Never Ended

Another reason for the lack of quality jobs is that the government cannot institute a policy to buy American or they risk a trade war with other nations in the global economy that are also living beyond their means. The trade war probably is coming anyway because unemployed people of nations will demand that their government do something to protect their jobs and all government can do to keep jobs at home is to allow protectionism.

That happened in the 1930’s and it made a bad recession into a long world depression. That now seems to be our future and along with the deflation depression or hyperinflationary depression that is bound to come, it will allow the rise of populist demigods who will convince people that they know who is to blame and that they have all the answers. In other words, we are now repeating the same mistakes of the 30’s that led to the nationalist socialistic movements and the start of World War II. It will not be different this time except the stakes for the world will be much higher.

[Read more…]

The Economy Of The Largest Superpower On The Planet Is Collapsing Right Now

Economy Collapsing

Economy Collapsing Right Now

How do you fix a superpower with exploding levels of debt, that has a rapidly aging population, that consumes far more wealth than it produces, and that has scores of zombie banks that could collapse at any moment. You might think that I am talking about the United States, but I am actually talking about Europe. You see, the truth is that the European Union has a larger population than the United States does, it has a larger economy than the United States does, and it has a much larger banking system than the United States does. Most of the time I write about the horrible economic problems that the U.S. is facing, but without a doubt economic conditions in Europe are even worse at the moment. In fact, there are many (including the Washington Post) that are calling what is happening in Europe a full-blown “depression”. Sadly, this is probably only just the beginning. In the months to come things in Europe are likely to get much worse.

Financial advice and preparedness

First of all, let’s take a look at unemployment. If the U.S. was using honest numbers, the official unemployment rate would probably be somewhere close to 10 percent. But in many nations in Europe, the official unemployment rate is already above the ten percent mark…

France: 10.2%

Poland: 11.5%

Italy: 12.6%

Portugal: 13.1%

Spain: 23.6%

Greece: 26.4%

The official unemployment rate for the eurozone as a whole is currently 11.5 percent. The lack of good jobs is causing the middle class to shrink all over Europe, and more people than ever are becoming dependent on government assistance. European nations are well known for their generous welfare programs, but all of this spending is causing debt to GDP ratios to absolutely explode…

Spain: 92.1%

France: 92.2%

Belgium: 101.5%

Portugal: 129.0%

Italy: 132.6%

Greece: 174.9%

At the same time, the value of the euro has been steadily declining over the last six months. This is significantly reducing the purchasing power that European families have…

 

Economy Collapsing
Many believe that the euro will ultimately go much lower than this. Nations such as Greece and Spain are already experiencing deflation, and the inflation rates in Germany and France are both currently below one percent. If the European Central Bank starts injecting lots of fresh euros into the system to combat this perceived problem, that will lift the level of inflation but it will also further erode the value of the euro.

In the long run, it would not be a surprise to see the U.S. dollar at parity with the euro.

When it happens, remember where you heard it.

The Europeans are scared to death of a deflationary depression, but that is precisely where the long-term economic trends are taking them right now. The following is from a recent Forbes article

Market consensus believes that the eurozone is edging toward that moment when the scourge of deflation actually becomes a crippling reality. Eurozone data is constantly reminding investors that the region’s economy is barely limping along, as companies slash selling prices in a vain attempt to improve sales in the face of a weakening economy and evaporating new orders. Corporate deflationary reactions like this only hurt a company’s bottom line by squeezing profit margins even further. The obvious knock-on effect will limit resources for hiring and investing, which in turn only dampens any chances of an economic rebound, again putting the region into a bigger hole.

In a desperate attempt to avoid widespread deflation in Europe, the ECB will inevitably take action at some point.

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It may not happen immediately, but when it does it will be yet another salvo in the emerging global currency war.

Speaking of currencies, it is being reported that Russia is actually considering legislation that will ban the circulation of the U.S. dollar in that nation. The following is from an article that was posted on Infowars…

Russia may ban the circulation of the United States dollar.

The State Duma has already been submitted a relevant bill banning and terminating the circulation of USD in Russia, APA’s Moscow correspondent reports.

If the bill is approved, Russian citizens will have to close their dollar accounts in Russian banks within a year and exchange their dollars in cash to Russian ruble or other countries’ currencies.

Otherwise their accounts will be frozen and cash dollars levied by police, customs, tax, border, and migration services confiscated.

That is not good news for the U.S. dollar at all.

Expect wild shifts in the foreign exchange markets in the months and years to come. Turbulent times are ahead for the dollar, the euro and the yen.

Getting back to Europe, let us hope that things stabilize over there – at least for a while.

But that might not happen. In fact, things could take a turn for the worse at any moment.

Most people don’t realize this, but European banks are even shakier than U.S. banks, and that is saying a lot.

For example, the largest bank in the strongest economy in Europe is Deutsche Bank. At this point, Deutsche Bank has approximately 75 trillion dollars worth of exposure to derivatives. That amount of money is about 20 times the size of German GDP, and it is more exposure than any U.S. bank has.

And Deutsche Bank is far from alone. All over Europe there are zombie banks that are essentially insolvent. Many of them are being propped up by their governments. Those governments know that if those banks failed that it would make their economic problems even worse.

Just like in the United States, most economic activity in Europe is fueled by debt. So those banks are needed to provide mortgages, loans and credit cards to average citizens and businesses. Unfortunately, bad debt levels and business failures continue to shoot up all over Europe.

The system is breaking down, and nobody is quite sure what is going to happen next.

So keep an eye on Europe. In particular, keep an eye on Italy. I have a feeling that big economic news is about to start coming out of Italy, and it won’t be good.

In 2014, we have been experiencing “the calm before the storm”.

But 2015 is right around the corner, and it promises to be extremely “interesting”.

 

Other useful resources:

Backyard Innovator (A Self Sustaining Source Of Fresh Meat,Vegetables And Clean Drinking Water)

Blackout USA (EMP survival and preparedness)

Conquering the coming collapse (Financial advice and preparedness )

Liberty Generator (Build and make your own energy source)

Backyard Liberty (Easy and cheap DIY Aquaponic system to grow your organic and living food bank)

Bullet Proof Home (A Prepper’s Guide in Safeguarding a Home )

Family Self Defense (Best Self Defense Strategies For You And Your Family)

Sold Out After Crisis (Best 37 Items To Hoard For A Long Term Crisis)

 

 

SOURCE : theeconomiccollapseblog.com

Economic Collapse -Epidemic Of Hunger: New Report Says 49 Million Americans Are Dealing With Food Insecurity

Economic Collapse

Economic Collapse Epidemic Of Hunger

Editor’s Note: You may often be met with skepticism from family, friends and colleagues if you discuss the failing state of our economy and the inevitable downfall of the life as we have come to know it in the modern age. Community forum contributors at this web site and around the web will frequently argue that, despite the evidence, there is no collapse coming and America is as healthy today as it has ever been. They attack the data as if we’re simply making it up and they claim we are fear mongers. People won’t be starving in the streets. The government will always provide enough for us to get by. There is no collapse and there never will be.

There are nearly 50 million people in America that don’t make enough income to feed their families. Fully one in six Americans are dependent on government subsidies just to get by. And some 1/3 of Americans require some sort of government distribution just to survive.

Perhaps those skeptics are right. There is no collapse coming… Because it’s already here.
If the economy really is “getting better”, then why are nearly 50 million Americans dealing with food insecurity? In 1854, Henry David Thoreau observed that “the mass of men lead lives of quiet desperation”. The same could be said of our time. In America today, most people are quietly scratching and clawing their way from month to month. Nine of the top ten occupations in the U.S. pay an average wage of less than $35,000 a year, but those that actually are working are better off than the millions upon millions of Americans that can’t find jobs. The level of employment in this nation has remained fairly level since the end of the last recession, and median household income has gone down for five years in a row. Meanwhile, our bills just keep going up and the cost of food is starting to rise at a very frightening pace. Family budgets are being squeezed tighter and tighter, and more families are falling out of the middle classevery single day. In fact, a new report by Feeding America (which operates the largest network of food banks in the country) says that 49 million Americans are “food insecure” at this point. Approximately 16 million of them are children. It is a silent epidemic of hunger that those living in the wealthy areas of the country don’t hear much about. But it is very real.

The mainstream media and our politicians continue to insist that “things are getting better”, and that may be true for Wall Street, but the man who was in charge of the new Feeding America report says that the level of suffering for the tens of millions of Americans that are food insecure has not changed…

“Nothing is getting better,” said Craig Gundersen, lead researcher of the report, “Map the Meal Gap 2014,” and an expert in food insecurity and food aid programs.

“Let’s stop talking about the end of the Great Recession until we can make sure that we get food insecurity rates down to a more reasonable level,” he added. “We’re still in the throes of the Great Recession, from my perspective.”

In fact, a different report seems to indicate that hunger in America is actually getting worse…

Children’s HealthWatch, a network of doctors and public health researchers who collect data on children up to 4 years old, says 29% of the households they track were at risk of hunger last year, compared with 25% the year before.

If someone tries to tell you that “the economy is getting better”, that person is probably living in a wealthy neighborhood. Because those that live in poor neighborhoods would not describe what is going around them as an “improvement”.

In particular, many minority neighborhoods are really dealing with extremely high levels of food insecurity right now. The following comes from a recent NBC News article…

“Minorities are facing serious hunger issues. Ninety-three percent of counties with a majority African-American population fall within the top 10 percent of food-insecure counties, while 60 percent of majority American Indian counties fall in that category”

But if you don’t live in one of those areas and you don’t know anyone that is facing food insecurity, it can be difficult to grasp just how much people are actually suffering out there right now.

For example, consider the story of a young mother named Tianna Gaines Turner…

Tianna Gaines Turner can’t remember the last time she went to bed without worrying about how she was going to feed her three children.

She can’t remember the last time she woke up and wasn’t worried about how she and her husband would make enough in their part-time jobs to buy groceries and pay utilities on their apartment in a working-class section of Philadelphia.

 

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And she can’t remember the last time she felt confident she and her husband wouldn’t have to skip meals so their children could eat.

Have you ever been in a position where you had to skip meals just so that other family members could have something to eat?

I haven’t, so it is hard for me to imagine having to do such a thing. But there are millions of parents that are faced with these kinds of hard choices every day.

Things can be particularly hard if you are a single parent. Just consider the story of Jamie Grimes…

After Jaime Grimes found out in January that her monthly food stamps would be cut again, this time by $40, the single mother of four broke down into sobs — then she took action.

The former high school teacher made a plan to stretch her family’s meager food stores even further. She used oatmeal and ground beans as filler in meatloaf and tacos. She watered down juice and low-fat milk to make it last longer. And she limited herself to one meal a day so her kids — ages 3, 4, 13, and 16 — would have enough to eat.

I have such admiration for working single mothers. Many of them work more than one job just so that they can provide for their children. It can be absolutely frustrating to work as hard as you possibly can and still not have enough money to pay the bills at the end of the month.

Those that believe that the economy has gotten “back to normal” just need to look at the number of women that have been forced to turn to government assistance. As I mentioned the other day, a decade ago the number of American women that had jobs outnumbered the number of American women on food stamps by more than a 2 to 1 margin. But now the number of American women on food stamps actually exceedsthe number of American women that have jobs.

RELATED : Market Crash, Global Economic Shocks Coming in 2014, World War 3 Gerald Celente and JP MORGAN ADMITS ECONOMIC COLLAPSE IS COMMING WATCH NOW

The truth is that we are nowhere close to where we used to be. The last major economic downturn permanently damaged the middle class, and now the next major economic downturn is rapidly approaching.

Right now, there are nearly 50 million Americans that are facing food insecurity. When the next economic crisis strikes, that number is going to go much higher.

There is going to be a great need for love and compassion in this country during the hard times that are coming. Instead of just cursing the darkness, I hope that you will choose to be a light to those that desperately need it.

 

Other useful resources:22

Survival MD (Best Post Collapse First Aid Survival Guide Ever)

Backyard Innovator (A Self Sustaining Source Of Fresh Meat,Vegetables And Clean Drinking Water)

Blackout USA (EMP survival and preparedness)

Conquering the coming collapse (Financial advice and preparedness )

Liberty Generator (Build and make your own energy source)

Backyard Liberty (Easy and cheap DIY Aquaponic system to grow your organic and living food bank)

Bullet Proof Home (A Prepper’s Guide in Safeguarding a Home )

Family Self Defense (Best Self Defense Strategies For You And Your Family)

Sold Out After Crisis (Best 37 Items To Hoard For A Long Term Crisis)

 

 

Michael T. Snyder is a graduate of the University of Florida law school and he worked as an attorney in the heart of Washington D.C. for a number of years. Today, Michael is best known for his work as the publisher of The Economic Collapse Blog and The American Dream. If you want to know what things in America are going to look like in a few years read his new book The Beginning of the End.

If Economic Cycle Theorists Are Correct, 2015 To 2020 Will Be Pure Hell For The United States

Economic-Cycle-300x200Does the economy move in predictable waves, cycles or patterns?  There are many economists that believe that it does, and if their projections are correct, the rest of this decade is going to be pure hell for the United States.  Many mainstream economists want nothing to do with economic cycle theorists, but it should be noted that economic cycle theories have enabled some analysts to correctly predict the timing of recessions, stock market peaks and stock market crashes over the past couple of decades.  Of course none of the theories discussed below is perfect, but it is very interesting to note that all of them seem to indicate that the U.S. economy is about to enter a major downturn.  So will the period of 2015 to 2020 turn out to be pure hell for the United States?  We will just have to wait and see.

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One of the most prominent economic cycle theories is known as “the Kondratieff wave”.  It was developed by a Russian economist named Nikolai Kondratiev, and as Wikipedia has noted, his economic theories got him into so much trouble with the Russian government that he was eventually executed because of them…

The Soviet economist Nikolai Kondratiev (also written Kondratieff) was the first to bring these observations to international attention in his book The Major Economic Cycles (1925) alongside other works written in the same decade. Two Dutch economists, Jacob van Gelderen and Samuel de Wolff, had previously argued for the existence of 50 to 60 year cycles in 1913. However, the work of de Wolff and van Gelderen has only recently been translated from Dutch to reach a wider audience.

Kondratiev’s ideas were not supported by the Soviet government. Subsequently he was sent to the gulag and was executed in 1938.

In 1939, Joseph Schumpeter suggested naming the cycles “Kondratieff waves” in his honor.

In recent years, there has been a resurgence of interest in the Kondratieff wave.  The following is an excerpt from an article by Christopher Quigley that discussed how this theory works…

Kondratiev’s analysis described how international capitalism had gone through many such “great depressions” and as such were a normal part of the international mercantile credit system. The long term business cycles that he identified through meticulous research are now called “Kondratieff” cycles or “K” waves.

The K wave is a 60 year cycle (+/- a year or so) with internal phases that are sometimes characterized as seasons: spring, summer, autumn and winter:

  • Spring phase: a new factor of production, good economic times, rising inflation
  • Summer: hubristic ‘peak’ war followed by societal doubts and double digit inflation
  • Autumn: the financial fix of inflation leads to a credit boom which creates a false plateau of prosperity that ends in a speculative bubble
  • Winter: excess capacity worked off by massive debt repudiation, commodity deflation & economic depression. A ‘trough’ war breaks psychology of doom.

Increasingly economic academia has come to realize the brilliant insight of Nikolai Kondratiev and accordingly there have been many reports, articles, theses and books written on the subject of this “cyclical” phenomenon. An influential essay, written by Professor W. Thompson of Indiana University, has indicated that K waves have influenced world technological development since the 900’s. His thesis states that “modern” economic development commenced in 930AD in the Sung province of China and he propounds that since this date there have been 18 K waves lasting on average 60 years.

So what does the Kondratieff wave theory suggest is coming next for us?

Well, according to work done by Professor W. Thompson of Indiana University, we are heading into an economic depression that should lastuntil about the year 2020…

Based on Professor Thompson’s analysis long K cycles have nearly a thousand years of supporting evidence. If we accept the fact that most winters in K cycles last 20 years (as outlined in the chart above) this would indicate that we are about halfway through the Kondratieff winter that commenced in the year 2000. Thus in all probability we will be moving from a “recession” to a “depression” phase in the cycle about the year 2013 and it should last until approximately 2017-2020.

But of course the Kondratieff wave is far from the only economic cycle theory that indicates that we are heading for an economic depression.

The economic cycle theories of author Harry Dent also predict that we are on the verge of massive economic problems.  He mainly focuses on demographics, and the fact that our population is rapidly getting older is a major issue for him.  The following is an excerpt from a Business Insider article that summarizes the major points that Dent makes in his new book…

  • Young people cause inflation because they “cost everything and produce nothing.” But young people eventually “begin to pay off when they enter the workforce and become productive new workers (supply) and higher-spending consumers (demand).”
  • Unfortunately, the U.S. reached its demographic “peak spending” from 2003-2007 and is headed for the “demographic cliff.” Germany, England, Switzerland are all headed there too. Then China will be the first emerging market to fall off the cliff, albeit in a few decades. The world is getting older.
  • The U.S. stock market will crash. “Our best long-term and intermediate cycles suggest another slowdown and stock crash accelerating between very early 2014 and early 2015, and possibly lasting well into 2015 or even 2016. The worst economic trends due to demographics will hit between 2014 and 2019. The U.S. economy is likely to suffer a minor or major crash by early 2015 and another between late 2017 and late 2019 or early 2020 at the latest.”
  • “The everyday consumer never came out of the last recession.” The rich are the ones feeling great and spending money, as asset prices (not wages) are aided by monetary stimulus.
  • The U.S. and Europe are headed in the same direction as Japan, a country still in a “coma economy precisely because it never let its debt bubble deleverage,” Dent argues. “The only way we will not follow in Japan’s footsteps is if the Federal Reserve stops printing new money.”
  • “The reality is stark, when dyers start to outweigh buyers, the market changes.” It all comes down to an aging population, Dent writes. “Fewer spenders, borrowers, and investors will be around to participate in the next boom.”

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  • The U.S. has a crazy amount of debt and “economists and politicians have acted like we can just wave a magic wand of endless monetary injections and bailouts and get over what they see as a short-term crisis.” But the problem, Dent says, is long-term and structural — demographics.
  • Businesses can “dominate the years to come” by focusing on cash and cash flow, being “lean and mean,” deferring major capital expenditures, selling nonstrategic real estate, and firing weak employees now.
  • The big four challenges in the years ahead will be 1) private and public debt 2) health care and retirement entitlements 3) authoritarian governance around the globe and 4) environmental pollution that threatens the global economy.

According to Dent, “You need to prepare for that crisis, which will occur between 2014 and 2023, with the worst likely starting in 2014 and continuing off and on into late 2019.”

So just like the Kondratieff wave, Dent’s work indicates that we are going to experience a major economic crisis by the end of this decade.

Another economic cycle theory that people are paying more attention to these days is the relationship between sun spot cycles and the stock market.  It turns out that market peaks often line up very closely with peaks in sun spot activity.  This is a theory that was first popularized by an English economist named William Stanley Jevons.

Sun spot activity appears to have peaked in early 2014 and is projected to decline for the rest of the decade.  If historical trends hold up, that is a very troubling sign for the stock market.

food-prices-skyrocket-were-going-to-have-a-major-problem-coming-into-the-fall

And of course there are many, many other economic cycle theories that seem to indicate that trouble is ahead for the United States as well.  The following is a summary of some of them from an article by GE Christenson and Taki Tsaklanos…

Charles Nenner Research (source)
Stocks should peak in mid-2013 and fall until about 2020. Similarly, bonds should peak in the summer of 2013 and fall thereafter for 20 years. He bases his conclusions entirely on cycle research. He expects the Dow to fall to around 5,000 by 2018 – 2020.

Kress Cycles (Clif Droke)(source)
The major 120 year cycle plus all minor cycles trend down into late 2014. The stock market should decline hard into late 2014.

Elliott Wave (Robert Prechter) (source)
He believes that the stock market has peaked and has entered a generational bear-market. He anticipates a crash low in the market around 2016 – 2017.

Market Energy Waves (source)
He sees a 36 year cycle in stock markets that is peaking in mid-2013 and will cycle down for 2013 – 2016. “… the controlling energy wave is scheduled to flip back to negative on July 19 of this year.” Equity markets should drop 25 – 50%.

Armstrong Economics(source)
His economic confidence model projects a peak in confidence in August 2013, a bottom in September 2014, and another peak in October 2015. The decline into January 2020 should be severe. He expects a world-wide crash and contraction in economies from 2015 – 2020.

Cycles per Charles Hugh Smith(source)
He discusses four long-term cycles that bottom in the 2010 – 2020 period. They are: Credit expansion/contraction cycle, Price inflation/wage cycle, Generational cycle, and Peak oil extraction cycle.

So does history repeat itself?

Well, it should be disconcerting to a lot of people that 2014 is turning out to be eerily similar to 2007.  But we never learned the lessons that we should have learned from the last major economic crisis, and most Americans are way too apathetic to notice that we are making many of the very same mistakes all over again.

And in recent months there have been a whole host of indications that the next major economic downturn is just around the corner.  For example, just this week we learned that manufacturing job openings have declined for four months in a row.  For many more indicators like this, please see my previous article entitled “17 Facts To Show To Anyone That Believes That The U.S. Economy Is Just Fine“.

Let’s hope that all of the economic cycle theories discussed above are wrong this time, but we would be quite foolish to ignore their warnings.

Everything indicates that a great economic storm is rapidly approaching, and we should use this time of relative calm to get prepared while we still can.

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SOURCE : theeconomiccollapseblog.com

10 Stories From The Cold, Hard Streets Of America That Will Break Your Heart

Depressed-Photo-by-Sander-van-der-Wel-300x300If the economy is really “getting better”, then why have millions upon millions of formerly middle class Americans been pushed to the point of utter despair?  The stories that you are about to read are absolutely heartbreaking.  I don’t know how anyone can read them without getting chills.  In America today, if you lose a good job, there is a good chance that you will get back on your feet before too long.  But there is also a good chance that you won’t be able to find a decent job and will plunge into the abyss of depression and desperation that so many millions of other Americans have fallen into.  As I wrote about earlier this month, the U.S. economy is definitely not getting any better.  For example, if you assume that the percentage of Americans that want to work is about at the long term average, then the official unemployment rate in the United States would be above 11 percent.  And compared to six years ago, 1,154,000 fewer Americans are working today even though our population has gotten significantly larger since then.  Behind all of these numbers are real flesh and blood people, and you are about to hear from some of them.  The following are 10 stories from the cold, hard streets of America that will break your heart…

#1 A 34-year-old man named Rocco

“While my wife goes to work, I’ve been staying at home to conserve fuel. I’ve been losing weight from eating less, so my family has more on their plates. It feels like the government and big business expect more and more while trying to give back as little as possible. Soon my internet connection will be shut off and since most companies don’t offer paper applications, how will I find work then? Walking around for miles a day, asking for an application that may or may not be available?”

#2 Homeless people wasting away in “Obamavilles” on the outskirts of Baltimore, Maryland…CollapseisComing-banner-v1-180

A sheet of plastic laid over a clothesline. A mini-fortress of milk crates stacked under a tree. A thin mattress on a flimsy crate lying in a dark tunnel.

On the edge of Baltimore’s woodlands, dozens of the city’s transients live in makeshift homes which they consider safer than homeless shelters.

You can see some incredible photos of how these homeless people are living right here.

#3 A 50-year-old woman in Pennsylvania named Karen

“My husband only makes 10 dollars an hour and drives 30 miles round trip, so it’s taking all we have just to keep the Jeep filled with gas. We stopped going to church and all to save gas. We are homebodies now, afraid to use what gas we have. We save two kids from getting put in foster care just to be hit like this. It’s just a constant trap they try to keep you from receiving any help! I’m so disgusted when my 12-year-old asks me why we don’t have snacks anymore, or why are we eating so much rice, etc.”

#4 The following is an excerpt from a comment that was recently left by one of my readers

“I live right at ground zero. South West Virginia and let me tell you things are bad and getting worse by the day. We don’t do drugs but have family members hooked on meth and or pills or both. Many of these pills are prescribed by local doctors either Suboxone to get you off the opiates, a total joke by the way and tons of Xanax why would anyone need 120 Xanax a month how can you even be expected to function. These pills get traded for cash sex and other items, same goes for the SNAP cards. We have family members going to jail repeatedly for the same crimes making meth, selling pills and stealing anything that’s not nailed down. People who are 30 years old look like they are 55 years old. The jobs here are awful walmat, gas stations, fast food etc. Most of our whole county is on the government dole.”

#5 A 55-year-old man from California named Randy Carpadus

“I was working as a firefighter for the state of California and was laid off in April 2012, right at the beginning of fire season. At my age, I’m not going to be picked up by another fire department. They want younger guys.

I’ve applied for everything from truck driver, to sales, to nonprofit work. I’ve sent out almost 400 resumes, and I’ve gotten nothing. I’ve done whatever I could to make ends meet.

Through some connections, I got a temp job as a truck driver in Napa Valley — a 3-hour commute from where I live. I lived in my car and worked during grape harvest.”

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#6 In this tough economic environment, debt collectors are becoming even more aggressive.  Just check out the kind of harassment that one woman named Jennifer Posey has been put through…

“This is Jimmy Lee calling from CheckCare. Just letting you know we’re in full force,” he said. The man had a thick Southern accent that stretched the word “you” into a two-syllable accusation. “We’re going to have warrants out for your arrest in Columbus, Ga.,” the man threatened. “We know you have an apartment on the canal in Clearwater.”

It was when he mentioned her home in Florida that Posey began to feel anxious. “We’re hurting you,” he continued. “We’re hurting your family, your son’s family, your cousin’s family. Whatever we can do to get you to pay.”

Forty minutes later, her phone rang again. “What about that 12-, 13-year-old child you’re trying to raise?” the voice sneered.

#7 A 50-year-old woman from New York named Sharon Ritchie

“I am constantly told I am ‘overqualified.’ I’ve also been told to dumb down my resume, but I can’t just erase 30 years of experience.

You can only stand the word ‘no’ so many times. There are times that I cry at night wondering what happened, and at times I have thought about suicide.

But, I keep on going, hoping the cycle will break.”

#8 In response to my recent article about Appalachia, a reader named Rob shared the following…

“I am from rural south central KY (Brodhead, Rockcastle County) and I can tell you that most of the things described above are exactly how it is here. There are so many people on drugs it’s crazy. First it was the meth, which was more of a problem back in 2002-2007, then the pain pills really started becoming a huge problem, OxyContin and perc 30’s (roxicet) obtained from Florida and Georgia doctors. The pain pills are something that you can’t just walk away from after doing them for a while; they cause people to steal from family, sell everything they own, and/or prostitute themselves in order to avoid opiate withdrawal.”

#9 A 30-year-old man from California named Alejandro

“I need to provide for my son who is diagnosed with autism and my baby girl. I’ve sold a bunch of my belongings to try and put food on the table, to buy clothes for my kids, to pay rent and utilities and to put gas in my vehicle to go job hunting. Not having money for necessities takes a toll on my mind. Depression has kicked in. It really takes a toll on one’s self-esteem and confidence to move forward.I’ve applied to countless amounts of jobs, only to not even get a call back. I’ve gone from construction site to construction site, only to be told they are not hiring. Finally, I got at least a positive call back from a company telling me they will call me to work in a couple of weeks. I am crossing my fingers and praying. There are millions of people in my situation or even worse.”

#10 An excerpt from a heartbreaking letter that an unemployed woman named Paula Bray sent to Barack Obama…

Dear Mr. President,

I write to you today because I have nowhere else to turn. I lost my full time job in September 2012. I have only been able to find part-time employment — 16 hours each week at $12 per hour — but I don’t work that every week. For the month of December, my net pay was $365. My husband and I now live in an RV at a campground because of my job loss. Our monthly rent is $455 and that doesn’t include utilities. We were given this 27-ft. 1983 RV when I lost my job.

This is America today. We have no running water; we use a hose to fill jugs. We have no shower but the campground does. We have a toilet but it only works when the sewer line doesn’t freeze — if it freezes, we use the campground’s restrooms. At night, in my bed, when it’s cold out, my blanket can freeze to the wall of the RV. We don’t have a stove or an oven, just a microwave, so regular-food cooking is out. Recently we found a small toaster oven on sale so we can bake a little now because eating only microwaved food just wasn’t working for us. We don’t have a refrigerator, just an icebox (a block of ice cost about $1.89). It keeps things relatively cold. If it’s freezing outside, we just put things on the picnic table.

Sadly, this is just the beginning.

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The economic despair that we are witnessing right now is just a taste of the horrible economic nightmare that is going to unfold in the United States during the coming years.

And already there are signs that things are starting to take another turn for the worse.  In recent months, we have seen a whole host of retail chains announce store closings.  In fact, one of my readers wrote to me the other day and told me about a home appliance chain known as “American TV” that is going out of business in the Midwest.  When these stores shut down, close to another 1000 Americans will soon be out of work…

“While this is a sad moment it is also a proud moment. It’s a moment to be proud of our efforts and to be proud of what we have delivered to the community”, said Doug Reuhl, President and CEO of American since 1988. “Words cannot adequately express how grateful we are to our millions of loyal customers, and to the incredible, dedicated family of employees that we have been blessed with over our 60 years of business”. Advanced notice of the business closing has been given to the 989 employees affected in eleven locations. Employees will be compensated, with benefits, through the notification period, and the majority will continue employment through the closing process.

But if you listen to the mainstream media, you would think that happy days are here again for America.  Just check out some of the bizarre headlines that I have collected in recent weeks…

CNBC: “Stop whining! The US economy is in good shape”

USA Today: “Economists: U.S. will see better growth in ’14”

Newsday: “Why the economy isn’t doomed”

Most Americans will buy into this propaganda and will never see the next major economic crisis coming until it is too late to do anything about it.

So what do you think about all of this?

Do you have a personal story to share?

Please feel free to add to the discussion by leaving a comment below…

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SOURCE : theeconomiccollapseblog.com

14 Questions People Ask About How To Prepare For The Collapse Of The Economy

How-To-Prepare-For-The-Difficult-Years-Ahead-250x155How in the world is someone supposed to actually prepare for an economic collapse?  What should you do with your money?  How can you make sure that your family is going to be okay?  How can you prepare if your resources are extremely limited?  These are the kinds of questions people ask me all the time.  Once people understand that the economy has been collapsing and will continue to collapse, then the next step for most of them is that they want to get prepared for the storm that is coming.  So where should someone get started?  Well, the truth is that no two people are facing the exact same set of circumstances, so preparation is going to look different for each individual.  But there are certain core principles that we can all benefit from.  For example, when a financial storm is coming that is not the time to be blowing thousands of dollars on vacations and new toys.  You would be surprised at how many people there are that claim that they have no extra money in their budgets and yet somehow have plenty of money to run down to Wal-Mart and buy a big stack of DVDs.  When times are difficult, each hard-earned dollar becomes much more precious, and we all need to start getting into the habit of making the most out of our limited resources.  The seemingly endless prosperity that we have all been enjoying for decades is coming to an end, and most of us have absolutely no experience on how to deal with truly hard times.  If you are under the age of 60, it might be a really good idea to read a book or two on what conditions were like during the Great Depression of the 1930s.  There is a lot that we can learn from our own history.

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Another key characteristic that we will all need in the years ahead is flexibility.  Anyone that has spent any time in the military knows that very few plans ever work out perfectly.  As the global economy breaks down and the world becomes increasingly unstable, conditions are going to change rapidly.  What might work really well in one situation might be the exact wrong thing to do 6 months later.  If you are not willing or able to adapt to dramatic change then you are going to have a lot of difficulty in the years ahead.

Many people refer to me as a “doom and gloomer” because I run a website called “The Economic Collapse” and I am constantly pointing out that the entire world is heading for a complete and total financial nightmare.

But I don’t think that it does any good to stick your head in the sand.  I believe that there is hope in understanding what is happening and I believe that there is hope in getting prepared.

It is those that are completely oblivious to what is really going on that will be totally blindsided by the coming crisis.  When they finally realize what has come upon them many of them will totally lose it.

From my little spot on the wall I am trying my best to warn people so that they can have a chance to be prepared for what is coming.

I am not spreading doom and gloom.

I am spreading hope.

And I want to make another point.  Generally, things are going to be getting progressively worse as the years roll along.  As I have written about before, I believe that the economic collapse is not a single event.  Rather, I see it as a series of waves that will be punctuated by moments of great crisis.

So advice about preparation is going to be different depending on whether you are talking about the short-term or the mid-term or the long-term.  Hopefully you will keep that in mind as you read my answers to the questions below.

The following are common questions that people ask about how to prepare for the collapse of the economy….

#1 How Do I Get Started?

When the financial crisis of 2008 hit, what was the biggest danger for most Americans?

The biggest danger was that they would lose their jobs and not be able to pay their bills.

During the last recession, millions and millions of Americans did end up losing their jobs.

And because many of them were living paycheck to paycheck many of them also ended up losing their homes.

You do not want that to happen to you.

So what I am about to say next is not considered to be very “sexy” in prepper circles, but it is absolutely crucial advice.

You need to have an emergency fund saved up that can cover your expenses for at least six months.

That way if you lose your job or your business goes under you will be able to keep going for a while as you figure out what your next move will be.

These days it takes the average unemployed American nearly 40 weeks to find a new job, and it will likely be even worse in the next major economic downturn.

So make sure that you have plenty of cash saved up just in case.  If you are currently living paycheck to paycheck you are extremely vulnerable.

#2 What Should I Do With My Money?d608a82840b848b78f8a1b26ec02a8d4

I get this question a lot.

People always want to know where they should put their money.

Well, my first piece of advice is always to build an emergency fund.  See #1 above.  Most people do not have one.

After that is done, I am a big believer in not putting all of my eggs into one basket.

Sometimes people will tell me that they are going to take all of their money out of the banks because they don’t feel safe having their money in them.

Well, if you stick all of your money in your mattress, what happens if there is a fire or what happens if someone robs you?

That is why I believe in spreading your risk around.  Having money a bunch of different places is a good thing.

But one place I would not put it is in the stock market.  If you were fortunate enough to catch the recent rally you should get out while the getting is good.

If you have blind faith in the stock market you are going to be deeply disappointed eventually.  I do not have a single penny in the stock market, and a couple of years from now that is going to look like a very wise move.

#3 Should I Invest In Precious Metals?

A lot of people that write about the economic crisis in this country really advocate investing in precious metals because they tend to hold value over time (unlike fiat currencies).

I like precious metals myself, but if you are going to invest you need to get educated so that you know what you are doing.  If you go in blindly you are likely to get burned at some point.

In addition, you need to be prepared for wild fluctuations in price over the coming years.  There will be times when gold and silver absolutely soar and there will be times when they drop like a rock.

So if you are going to play the game you need to be able to handle the ride.

#4 Should I Get Out Of Debt?

Many that write about the coming economic collapse say that you shouldn’t even bother to pay off your debts because the financial system is going to collapse anyway.

I don’t see it that way.

I don’t believe that our banks are going to totally collapse and suddenly go out of existence.

Not in the short-term anyway.

So I believe that it is actually a good idea to get out of debt.  When financial troubles hit you don’t want a horde of bill collectors coming after you.

There is a lot of freedom that comes with getting out of debt, and in this environment it is wise to become as independent of the system as possible.

#5 What If I Don’t Have Any Money To Prepare?

In this kind of economic environment it is no surprise that I get this question a lot.

Many families are just barely scraping by each month and they do not have much money to put into anything.

And I can definitely sympathize with that.

However, I would say that there are very, very few families out there that do not have anything that can be cut out of the budget.

The truth is that American families are experts at blowing money on really stupid stuff.

In general, I recommend that all families do what they can to reduce their expenses.

The smaller of a financial footprint you have, the better off you will be and the more resources you will have to help you get prepared.

Also, now is the time to be looking for ways that you can increase your income.

For many Americans, starting a side business is a way to bring in some extra cash.  Yes, this will cut into your television watching time, but now is not the time to be lazy.

The time you spend working hard now while the sun is still shining will pay off later.

Don’t be afraid to work harder than you ever have before.

#6 Should I Rent Or Buy?

This is a question that I also get a lot, and it really depends on your situation.

If you rent, that gives you a lot more flexibility.  You can move for a new job or a new opportunity without having to sell a house.  And you get to avoid a lot of the expenses and hassles that come with being a homeowner.

If you buy, you get to “lock in” your housing expenses for many years.  In a highly inflationary environment this would potentially be very beneficial.  And interest rates are very low right now.

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In addition, it is going to be really hard to rent a really good “prepper” property.  If you are looking for a property that is away from the big cities where you can grow your own food and become more independent of the system, then in most cases you are going to have to buy such a property.

But if you do buy, it is going to be much harder to move if something does happen and you need to go somewhere else.

#7 What About My Health Condition?

Over the next few years, our health care system should continue operating at least somewhat normally.  But the truth is that our health care system is in horrible shape and it is not a good thing to be totally dependent on pills and doctors.

Even if economic conditions were perfect it would be a good idea to learn what you can do on your own to improve your health.  But this is especially true as we move into a time of great economic instability.

#8 Should I Be Storing Food?

Yes.

However, even though the United States is experiencing a historic drought right now, I do not believe that there will be major food shortages in America this year or next year.

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Down the road, however, is a different story.

And your food dollars are never going to go farther than they do right now.  As I wrote about the other day, this drought is likely to cause food prices to go up substantially, and so the food you store now might end up being twice as valuable a few years from now.

In addition, you never know when a major disaster or emergency is going to strike so it is always good to become more independent of the system.

I encourage everyone to learn how to grow a garden.  Yes, your space may be limited, but there is actually one family that produces 6000 pounds of produce every year on just 1/10th of an acre right in the middle of Pasadena, California.

If they can do such extraordinary things with their little plot of land, why can’t you try to do what you can with what you have?

#9 Should I Be Storing Water?

It is always good to have some water on hand in case disaster or emergency strikes.

And you should be rotating whatever water you currently have on hand because you don’t want water sitting around indefinitely.

But what is much more important is to make sure that you and your family have access to a source of water that you can depend on if disaster strikes and the grid goes down.

According to the American Water Works Association, Americans drink more than one billion glasses of tap water per day. For safety and security reasons, most water supply plants maintain a larger inventory of supplies than the typical business. However, the amount of chemical storage varies significantly and is site specific. According to the Chlorine Institute, most water treatment facilities receive chlorine in cylinders (150 pounds and one ton cylinders) that are delivered by motor carriers. On average, trucks deliver purification chemicals to water supply plants every seven to 14 days. Without these chemicals, water cannot be purified and made safe for drinking. Without truck deliveries of purification chemicals, water supply plants will run out of drinkable water in 14 to 28 days. Once the water supply is drained, water will be deemed safe for drinking only when boiled. Lack of clean drinking water will lead to increased gastrointestinal and other illnesses, further taxing an already weakened healthcare system.

So yes, water is definitely something you should be accounting for in your preparations.

#10 Other Than Food And Water What Other Supplies Will I Need?

Anything that you use on a regular basis or that you would use in an emergency situation is something that you should consider storing up.

For example, if you could not buy any more toilet paper from the stores, what would you do?

Basic things like that are often overlooked by many preppers.

In a previous article, I listed dozens of things you may want to consider storing.  Preparation is going to look different for every family, but hopefully that list will give you some ideas.

#11 What Happens If The Power Grid Goes Down?028c5f656f2e4f9aa775511aae275237

This is a very important consideration – especially if you live in a colder climate.

Some people have a backup generator for such circumstances.

Others have set up wind and/or solar systems for their homes.

Alternative energy solutions are great if you can afford them, and they will enable you to become much more independent of the system.

But not everyone can afford to put in solar panels or a big wind turbine.

So do what you can with what you have.

#12 Should I Leave The Big Cities?

A lot of people ask me this, but there is no easy answer.

In this day and age, a good job is like gold.  It can be really, really tough to give up a good job and move to the middle of nowhere.

But without a doubt, society is starting to come apart at the seamsand I do expect rioting and major civil unrest in our major cities at some point in the future.

In the end, you need to do what is right for you and your own family.  Nobody else can make this decision for you.

#13 Should I Get Some Self-Defense Training?

America seems to be overrun by psychopaths and sociopaths these days, and in such an environment being able to defend yourself becomes more important.

When criminals come to your home, they are not going to sit down and have a debate with you.  They are not going to care what your political outlook is or if you sympathize with their plight.

The criminals are simply going to do what they came there to do unless someone stops them.

So yes, some self-defense training may come in very handy in the years ahead.

#14 What Should I Do If My Family And Friends Won’t Listen To Me?

This is another very common question that I get.

What should people do if nobody will listen to them?

Well, you just have to do the best that you can.  If they won’t listen now, just keep planting seeds.  Keep sending them articles that are packed with statistics and information that show why an economic collapse is going to happen.

In the years ahead we are all going to need our families and our friends because communities will endure what is coming much better than “lone wolf” individuals will be able to.

No matter how hard you prepare, at some point you are going to need the help of someone else.

So don’t be afraid to reach out to others.

If nobody among your family or friends will listen to you at the moment, you may have to prepare on your own right now.

In fact, you may have to do extra preparation because at some point it is probably inevitable that your family and friends will come to you for help.

That is the perspective that my wife and I take.  We are not only preparing for ourselves.  We are also preparing for the family members that may have to depend on us someday.

Nobody said that preparing was going to be easy.

But beyond any physical preparations, I also believe that it is absolutely crucial to prepare mentally and spiritually.

The times that are coming are going to be incredibly challenging.  They are going to require a great deal of physical, mental, emotional and spiritual strength.

If you are a “lone wolf” that believes that you don’t need anyone or anything, then I feel sorry for you and I honestly don’t know how you are going to make it.

None of us have all the answers.

I know that I certainly do not.

We can all learn from each other.  Most of the people that I have met that think “they know it all” are some of the most clueless people that I have ever come across.

I never want to stop learning, and hopefully that is the case for you as well.

If we work together, perhaps we can all make it through the horrible, horrible times that are coming.

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SOURCE : http: theeconomiccollapseblog.com