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cashinmattress

20 Signs That The Economic Collapse Is Already Upon Us

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Only 20?

#1 The Census Bureau says that 43.6 million Americans are now living in poverty and according to them that is the highest number of poor Americansin 51 years of record-keeping.

#2 In the year 2000, 11.3 percent of Americans were living in poverty. In 2008, 13.2 percent of Americans were living in poverty. In 2009, 14.3 percent of Americans were living in poverty. Needless to say the trend is moving in the wrong direction.

#3 In 2009 alone, approximately 4 million more Americans joined the ranks of the poor.

#4 According to the Associated Press, experts believe that 2009 saw the largest single year increase in the U.S. poverty rate since the U.S. government began calculating poverty figures back in 1959.

#5 The U.S. poverty rate is now the third worst among the developed nations tracked by the Organization for Economic Cooperation and Development.

#6 Today the United States has approximately 4 million fewer wage earners than it did in 2007.

#7 Nearly 10 million Americans now receive unemployment insurance, whichis almost four times as many as were receiving it in 2007.

#8 U.S. banks repossessed 25 percent more homes in August 2010 than they did in August 2009.

#9 One out of every seven mortgages in the United States was either delinquent or in foreclosure during the first quarter of 2010.

#10 There are now 50.7 million Americans who do not have health insurance. One trip to the emergency room would be all it would take to bankrupt a significant percentage of them.

#11 More than 50 million Americans are now on Medicaid, the U.S. government health care program designed principally to help the poor.

#12 There are now over 41 million Americans on food stamps.

#13 The number of Americans enrolled in the food stamp program increaseda whopping 55 percent from December 2007 to June 2010.

#14 One out of every six Americans is now being served by at least one government anti-poverty program.

#15 California's poverty rate soared to 15.3 percent in 2009, which was the highest in 11 years.

#16 According to an analysis by Isabel Sawhill and Emily Monea of the Brookings Institution, 10 million more Americans (including 6 million more children) will slip into poverty over the next decade.

#17 According to a recently released Federal Reserve report, Americans experienced a $1.5 trillion loss in combined household net worth in the second quarter of 2010.

#18 Manufacturing employment in the U.S. computer industry is actually lower in 2010 than it was in 1975.

#19 Median U.S. household income is down 5 percent from its peak of more than $52,000 in 1999.

#20 A study recently released by the Center for Retirement Research at Boston College University found that Americans are $6.6 trillion short of what they need for retirement.

Been a while.

And to think, America has a MASSIVE military and very quickly failing to hold their #1 status on the sh1tpile.

The overture was played well, for the bankers at least. They got all our deposits, whilst the taxpayers got the debt. Brilliant end to the beginning.

How does it fare for the UK? With Goldman looking to flee the States, and eht EU looking at massive cutbacks, it seems we are only at the beginning of the middle.

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Only 20?

Been a while.

And to think, America has a MASSIVE military and very quickly failing to hold their #1 status on the sh1tpile.

The overture was played well, for the bankers at least. They got all our deposits, whilst the taxpayers got the debt. Brilliant end to the beginning.

How does it fare for the UK? With Goldman looking to flee the States, and eht EU looking at massive cutbacks, it seems we are only at the beginning of the middle.

Pretty mindboggling when you see it in black and white. I see it every week at Priceright (especially the first of the month. People standing in line to GET IN to a supermarket. Coming to the UK soon. Tragic wretches most of them-like something out of Dickens TBH.

Edited by tomwatkins

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How does it fare for the UK? With Goldman looking to flee the States, and eht EU looking at massive cutbacks, it seems we are only at the beginning of the middle.

And where exactly will goldman go? China isn't exactly safe if you have enough money the government will simply take it from you and charge you with a made up crime.

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And where exactly will goldman go? China isn't exactly safe if you have enough money the government will simply take it from you and charge you with a made up crime.

India is a good place. Set to overtake China in population and rapidly advancing in its requirements for white goods, cars and credit.

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India is a good place. Set to overtake China in population and rapidly advancing in its requirements for white goods, cars and credit.

India is savagely corrupt and full of red tape though! My friend visiting there had cops demand bribes on a regular basis, he refused so they smashed up his car and fined him instead.

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Manufacturing employment in the U.S. computer industry is actually lower in 2010 than it was in 1975

How exactly does this show that "economic collapse is upon us"?

In isolation it proves nothing at all.

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How exactly does this show that "economic collapse is upon us"?

In isolation it proves nothing at all.

This should help explain things - so the US wants no manufacturing input from this lot: (plus all the services required to support the activity).

totalshare1.gif

Edited by OnlyMe

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  • 140 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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