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Economic Recovery??


vern
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The economists that are trumpeting an "economic recovery" and that are declaring that the U.S. economy will soon be "better than ever" are delusional. We really are steamrolling toward a complete and total economic collapse and our leaders are doing nothing to stop it.

The following are 24 more signs of economic decline in America. Hopefully you will not get too depressed as you read them....

#1 On Monday, Standard & Poor‟s altered its outlook on U.S. government debt from "stable" to "negative" and warned the U.S. that it could soon lose its AAA rating. This is yet another sign that the rest of the world is losing faith in the U.S. dollar and in U.S. Treasuries.

#2 China has announced that they are going to be reducing their holdings of U.S. dollars. In fact, there are persistent rumors that this has already been happening.

#3 Hedge fund manager Dennis Gartman says that "panic dollar selling is setting in" and that the U.S. dollar could be in for a huge decline.

#4 The biggest bond fund in the world, PIMCO, is now shorting U.S. government bonds.

#5 This cruel economy is causing "ghost towns" to appear all across the United States. There are quite a few counties across the nation that now have home vacancy rates of over 50%.

#6 There are now about 7.25 million less jobs in America than when the recession began back in 2007.

#7 The average American family is having a really tough time right now. Only 45.4% of Americans had a job during 2010. The last time the employment level was that low was back in 1983.

#8 Only 66.8% of American men had a job last year. That was the lowest level that has ever been recorded in all of U.S. history.

#9 According to a new report from the AFL-CIO, the average CEO made 343 times more money than the average American did last year.

#10 Gas prices reached five dollars per gallon at a gas station in Washington, DC on April 19th, 2011. Could we see $6 gas soon?

#11 Over the past 12 months the average price of gasoline in the United States has gone up by about 30%.

#12 Due to rising fuel prices, American Airlines lost a staggering $436 million during the first quarter of 2011.

#13 U.S. households are now receiving more income from the U.S. government than they are paying to the government in taxes.

#14 Approximately one out of every four dollars that the U.S. government borrows goes to pay the interest on the national debt.

#15 Total home mortgage debt in the United States is now about 5 times larger than it was just 20 years ago.

#16 Total credit card debt in the United States is now more than 8 times larger than it was just 30 years ago.

#17 Average household debt in the United States has now reached a level of 136% of average household income. In China, average household debt is only 17% of average household income.

#18 The average American now spends approximately 23 percent of his or her income on food and gas.

#19 In a recent survey conducted by Deloitte Consulting, 74 percent of Americans said that they planned to slow down their spending in coming months due to rising prices.

#20 59 percent of all Americans now receive money from the federal government in one form or another.

#21 According to the U.S. Bureau of Labor Statistics, the average length of unemployment in the U.S. is now an all-time record 39 weeks.

#22 As the economy continues to collapse, frustration among young people will continue to grow and we will see more seemingly "random acts of violence". One shocking example of this happened in the Atlanta area recently. The following is how a local Atlanta newspaper described the attack....

Roughly two dozen teens, chanting the name of a well-known Atlanta gang, brought mob rule to MARTA early Sunday morning, overwhelming nervous passengers and assaulting two Delta flight attendants.

#23 Some Americans have become so desperate for cash that they are literally popping the gold teeth right out of their mouths and selling them to pawn shops.

#24 As the economy has declined, the American people have been gobbling up larger and larger amounts of antidepressants and other prescription drugs. In fact, the American people spent 60 billion dollars more on prescription drugs in 2010 than they did in 2005 :) Sure does make you wonder-Vern :)

Edited by vern
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The economists that are trumpeting an "economic recovery" and that are declaring that the U.S. economy will soon be "better than ever" are delusional. We really are steamrolling toward a complete and total economic collapse and our leaders are doing nothing to stop it.

The following are 24 more signs of economic decline in America. Hopefully you will not get too depressed as you read them....

#1 On Monday, Standard & Poor‟s altered its outlook on U.S. government debt from "stable" to "negative" and warned the U.S. that it could soon lose its AAA rating. This is yet another sign that the rest of the world is losing faith in the U.S. dollar and in U.S. Treasuries.

#2 China has announced that they are going to be reducing their holdings of U.S. dollars. In fact, there are persistent rumors that this has already been happening.

#3 Hedge fund manager Dennis Gartman says that "panic dollar selling is setting in" and that the U.S. dollar could be in for a huge decline.

#4 The biggest bond fund in the world, PIMCO, is now shorting U.S. government bonds.

#5 This cruel economy is causing "ghost towns" to appear all across the United States. There are quite a few counties across the nation that now have home vacancy rates of over 50%.

#6 There are now about 7.25 million less jobs in America than when the recession began back in 2007.

#7 The average American family is having a really tough time right now. Only 45.4% of Americans had a job during 2010. The last time the employment level was that low was back in 1983.

#8 Only 66.8% of American men had a job last year. That was the lowest level that has ever been recorded in all of U.S. history.

#9 According to a new report from the AFL-CIO, the average CEO made 343 times more money than the average American did last year.

#10 Gas prices reached five dollars per gallon at a gas station in Washington, DC on April 19th, 2011. Could we see $6 gas soon?

#11 Over the past 12 months the average price of gasoline in the United States has gone up by about 30%.

#12 Due to rising fuel prices, American Airlines lost a staggering $436 million during the first quarter of 2011.

#13 U.S. households are now receiving more income from the U.S. government than they are paying to the government in taxes.

#14 Approximately one out of every four dollars that the U.S. government borrows goes to pay the interest on the national debt.

#15 Total home mortgage debt in the United States is now about 5 times larger than it was just 20 years ago.

#16 Total credit card debt in the United States is now more than 8 times larger than it was just 30 years ago.

#17 Average household debt in the United States has now reached a level of 136% of average household income. In China, average household debt is only 17% of average household income.

#18 The average American now spends approximately 23 percent of his or her income on food and gas.

#19 In a recent survey conducted by Deloitte Consulting, 74 percent of Americans said that they planned to slow down their spending in coming months due to rising prices.

#20 59 percent of all Americans now receive money from the federal government in one form or another.

#21 According to the U.S. Bureau of Labor Statistics, the average length of unemployment in the U.S. is now an all-time record 39 weeks.

#22 As the economy continues to collapse, frustration among young people will continue to grow and we will see more seemingly "random acts of violence". One shocking example of this happened in the Atlanta area recently. The following is how a local Atlanta newspaper described the attack....

Roughly two dozen teens, chanting the name of a well-known Atlanta gang, brought mob rule to MARTA early Sunday morning, overwhelming nervous passengers and assaulting two Delta flight attendants.

#23 Some Americans have become so desperate for cash that they are literally popping the gold teeth right out of their mouths and selling them to pawn shops.

#24 As the economy has declined, the American people have been gobbling up larger and larger amounts of antidepressants and other prescription drugs. In fact, the American people spent 60 billion dollars more on prescription drugs in 2010 than they did in 2005 smile.gif Sure does make you wonder-Vern smile.gif

All these statistics make me have goose bumps knowing my elected officials are soing the best they can to take care of us...........YAH RIGHT.

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All these statistics make me have goose bumps knowing my elected officials are soing the best they can to take care of us...........YAH RIGHT.

Yup doin the best they can-- :lol::lol: When the WhiteHouse has people running that never ran a Kool-Aid stand and they are telling us all what to do- How do they rate anyway-?Vern

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Good question vern, but its one you won't get them to answer, my family has tightened our belts and paid off most everything and are storing supplies. We will see what happens. I am concerned when the dinar RVs we may have a potfull of very low value cash. That would be bad! :angry::o

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We will get through this Vern just as we have gotten through other dark hours in our great country's history, the American people will not let our country decline to the lows of the gloom and doomers. We are a proud hardworking country built on faith and strength, and be rest assured our struggling economy is still the Giant of the world and will survive with our unwavering support of the American worker and our families and neighbors. Never let the naysayers influence you or your families security, or faith in our great nation.

We will kick ass again, we are just resting.

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Yup doin the best they can-- :lol::lol: When the WhiteHouse has people running that never ran a Kool-Aid stand and they are telling us all what to do- How do they rate anyway-?Vern

Vern this is old Freeze talkin to ya. The Lyin King ain't no dummie. He will get an Oscar for this to place next to his Nobel. Nope no dummie, no American and a full-blooded Benedict Arnold. We know that the wheels on the RV were placed in motion during Bush/Cheney. We cannot blame this outcome on the previous administration. Soros doesn't care about Nobel Prizes or Oscars. He wants to be worshipped and offerings made to his bank account.

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Vern this is old Freeze talkin to ya. The Lyin King ain't no dummie. He will get an Oscar for this to place next to his Nobel. Nope no dummie, no American and a full-blooded Benedict Arnold. We know that the wheels on the RV were placed in motion during Bush/Cheney. We cannot blame this outcome on the previous administration. Soros doesn't care about Nobel Prizes or Oscars. He wants to be worshipped and offerings made to his bank account.

I like the way that was put- Seems like it all goes that way doesnt it-Vern

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We will get through this Vern just as we have gotten through other dark hours in our great country's history, the American people will not let our country decline to the lows of the gloom and doomers. We are a proud hardworking country built on faith and strength, and be rest assured our struggling economy is still the Giant of the world and will survive with our unwavering support of the American worker and our families and neighbors. Never let the naysayers influence you or your families security, or faith in our great nation.

We will kick ass again, we are just resting.

Be assured Vern America will not go quietly into the night, you will know when we have had enough. If it came to it the crack of rifles would again soil our fields with the fallen, our ranks would swell and a fight we would wage until the end. We are Americans and we do not retreat we do not surrender, cmon we saved all your butts in the big two wars against all odds. Peace. Oh and remember this....... this is who we are.

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