While the political morons in Washington would like you to believe our countries on the road to recovery, a new survey from the Associated Press suggests the complete opposite is true.
According to their study, four out of every five Americans are struggling with joblessness, poverty, or a reliance on welfare to sustain their lifestyle. Considering we currently have over 101 million people, a stunning third of the U.S. Population, receiving subsidized food assistance from the federal government, these numbers should be a huge wakeup call for anyone who bought into the scam of a recovering economy.
When the number of people receiving government food assistance (101,000,000) surpasses the number of full-time private sector workers in the U.S. (97,180,000) we have some serious trouble brewing.
We are nowhere near Out of the Woods; I believe the collapse is still coming.
Many times in the past I’ve warned people about this threat; I believe the collapse of our economy is one of the biggest, and most likely threats we will face in the coming years.
Our country currently sits at over $17 TRILLION in debt. While that number seems absolutely insane, it’s sadly only a small fraction of what this country actually owes. You see, when you add in the unfunded liabilities that the government conveniently leaves out of its debt calculations that number soars to over $120 trillion. YEP, $120 TRILLION!
When you add in costs like Social Security, Medicare, Obamacare and federal employees’ future retirement benefits, the numbers point to only one possible outcome: ECONOMIC COLLAPSE
In my opinion, there simply is no way out of this mess. The government has built our economy on top of a Ponzi scheme, in which they have to keep adding debt just to keep up the illusion of a vibrant economy. Over the last couple of weeks politicians have been up in arms about the possibility of Detroit going bankrupt; what they should really be concerned about is the fact that WE ARE ALL DETROIT.
The United States is Bankrupt. We may not admit it, but there’s really no way around it. There simply isn’t enough money, and there never will be enough money, to pay off even a fraction of the debt that our government has rung up.
But the stock markets higher than ever… Aren’t you just Fear mongering?
If only it were that easy. I love when people think the stock market is somehow an indicator of the health of our economy; it’s not. That being said, looking at the stock market’s past can give you a good idea of where we are heading.
For those that want to look at the numbers, and pretend the economy is just chugging along, let me remind you that the same thing happened right before the crash in 2008, and right before the crash of 1929 that plunged us into the Great Depression.
Still not convinced?
Well maybe you should look at what Bank of America’s own internal strategy team has to say about the stock market. According to BofA, its top clients are dumping their stocks, and their doing so at the highest level on record. If the stock market is stable, why are the richest Americans pulling out?
PREPARE, PREPARE, PREPARE for Collapse
Life rarely goes as planned. For Preparedness minded people, having an emergency fund just makes sense.
Just like every other area of preparedness, there are steps you can take to prepare yourself for the possibility of an economic collapse. One of those steps is starting, and maintaining an emergency fund. When it comes to preparing for economic troubles, this is one of the best ways to ensure your survival.
This may sound like an odd bit of advice, especially since most of the so-called survival experts you hear from recommend things like stocking up on precious metals. In my opinion, having cash on hand is going to be so much more important than having precious metals, and this all has to do with the initial phase of the collapse.
Even during a total financial collapse, cash will still play a major role in how people buy and sell during the initial stages of the crisis. Should there be a run on the banks, people will be desperate for cash and will be willing to sell just about anything to get it. During the initial phase of any collapse, your paper currency will have a perceived value for at least a couple of weeks, if not longer. During this time, you can use your reserve to make any last-minute purchases to further strengthen your survival stockpiles.
Get out of Debt
This, just like the last piece of advice, probably seems strange. I mean who cares about debt in an economic collapse right? WRONG!
Just look at what happened during the economic trouble in 2008. Millions of people lost their homes, lost their jobs and had property repossessed by the banks. In an economic collapse that is drawn out over a number of years – like the one I believe we may be in the middle of – the possibility of losing your home, or your property to debt collectors becomes a real threat.
Start taking steps to ensure you have the supplies you need to survive.
I recommend reading the following articles, and following the advice within them, to make sure you’re prepared for the coming chaos.