Monday, July 8, 2013

ECONOMIC NEWS THAT SHOW SIGNS THE ECONOMY IS READY TO IMPLODE. WHAT WILL HAPPEN NEXT?

The cheerleading media triumphed the latest jobs data as a sign that the economy is in full recovery and we'll be sipping champagne and eating caviar any minute now. The awful truth is that none of that is true and they know it. Some newscasts mumbled that fact at the end of the rah rah statements with no explanation as to how bad things really are. According to the real data that they ARE NOT telling us, things are falling apart and quick.

Let's look at some basic facts:

According to a recent poll, 76% of all Americans are living paycheck to paycheck. The fact remains that the average salary right now is somewhere between $26,000-$30,000 a year. Try living off of that with a family. Hell, try living off that with both parents working. It's not possible. 27% of all people in this country have no money saved up while a whopping 46% more have less than $800. That's more than two thirds of this country one medical bill away from bankruptcy.

Small businesses are disappearing because of the huge expense it takes to open a business. Twenty years ago, you could have spent $5000 to start one. Today, it averages $250,000. Who has that kind of money? Plus, even if you do somehow get the money, which wouldn't be from banks because they refuse to lend to anyone not rich anymore, the Big Box stores will crush you under their weight by undercutting your prices. At this point, only 7% of the population is self employed. What happens when mass layoffs occur then?

More and more Americans are dependent on government assistance than ever before. This comes at a time when the Republicans want to push huge austerity cuts on the poor, ignoring the fact that that has been a dismal failure overseas. Back in 1970, 1 out of every 50 Americans was on food stamps. Today it is one in six. Worse, most of those people have jobs that pay squat and are forcing the taxpayer to subsidize their greed. Walmart I am looking at you.

Ten percent of the public owns gold or silver for investment purposes while 80% of the stock market is owned by 10% of the public. Almost half have no emergency kits, food or water stored. If the electric grid went down tomorrow for an extended period of time, which is dangerously possible considering we have spent near nothing on upgrades these past few decades, it is estimated that 21% wouldn't last the the week, 28% dead in two weeks and 75% gone after two months.

Greece is seeing these kids of issues and many are dumping small children at orphanages in mass numbers as they can no longer feed them. Italy is about to enter a full blown Depression, joining Greece and Spain, as their economic numbers continue to plummet. Yet the GOP here wants to replicate that same idea. And people are still voting for them. Unbelievable.

And what about that job report on Friday? Bunk. They claim that 195,000 jobs were created which is a lie. As seen from the above data, small businesses are sinking to a forty year low, yet the statistical model they continue to use is woefully out of date. It is said that 120,000 jobs per month are overestimated meaning that instead of 195,000 jobs, it was only 75,000. Worse, every single one of those jobs lays less than $35,000 per year. 240,000 jobs were actually lost last month as layoffs continue in the banking sector losing 17,000 and an additional 13,000 in the government.

Because the sequester is still going on, the military is furloughing almost a million people one day a week resulting in a pay cut of twenty percent. As the average salary is $50,000, that equals a loss of ten grand a year. Who can stand to lose that much money especially if you have children?

Many jobs are part time, the only job growth seen. This is done to make sure benefits don't have to be paid and lessen the pay as well. Obamacare is the scapegoat here as this has been going on long before that boogeyman was being used a scare tactic. I worked for CBS news as an editor more than a decade ago and would have had to work part time for years for the possibility they one day they may hire me full time. Most likely they would have fired me long before that would have happened so they could hire some other idiot to work for crappy pay. That is the America way and the fact that we haven't tar and feathered the CEO's of every major corporation by now shows what sheep we really are.

The real unemployment rate is still 23.4% where it has barely budged in over five years. Real wages are falling while CEO pay increases by the minute. Where is the outrage over this? Are you really happy living as slaves? Fight back and to hell with worrying about money. Walk off your jobs in mass numbers and demand the government and corporations stop with this. The alternative is to face an early death when the whole house of cards falls over. Time is short and if we don't start having moments like Egypt, there won't be a country left and everything you have worked for will disappear along with any future for your children. Are we so dumb and docile a people that we will just lie down and die? All evidence appears to point to just that. Start fighting back before it is too late. Your very life now depends on it.

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