|
It is currently Thu May 02, 2024 1:21 pm |
|
All times are UTC - 8 hours [ DST ] |
 
|
Page 1 of 1 |
[ 2 posts ] |
| Print view | Previous topic | Next topic |
The Horrifying Truth About The Collapse Of The U.S. Economy
| Author | Message |
|---|---|
|
GT Truther
Joined: Sun Mar 25, 2007 9:08 pm Posts: 5708 
|
 The Horrifying Truth About The Collapse Of The U.S. EconomyQuote: 40 Bizarre Statistics That Reveal The Horrifying Truth About The Collapse Of The U.S. Economy Contributed by BARRACUDA on Saturday, July 31, 2010 11:28 July 30 2010 A scene from Road Warrior the movie TheTruthWins.com Most Americans still appear to be operating under the delusion that the “recession” will soon pass and that things will get back to “normal” very soon. Unfortunately, that is not anywhere close to the truth. What we are now witnessing are the early stages of the complete and total breakdown of the U.S. economic system. The U.S. government, state governments, local governments, businesses and American consumers have collectively piled up debt that is equivalent to approximately 360 percent of GDP. At no point during the Great Depression (or at any other time during our history) did we ever come close to such a figure. We have piled up the biggest mountain of debt that the world has ever seen, and now that gigantic debt bubble is beginning to pop. As this house of cards comes crashing down, the economic pain is going to become almost unimaginable. Already, things are really, really, really bad out there. Unemployment is at shockingly high levels. Foreclosures and personal bankruptcies continue to set new all-time records. Businesses are being shut down at a staggering rate, more than 40 million Americans are on food stamps, and the U.S. government continues to pile up debt at blinding speed. There is no use sugar-coating it. The U.S. economy is collapsing. The following are 40 bizarre statistics that reveal the truth about the collapse of the U.S. economy…. 1 – According to one shocking new survey, 28% of U.S. households have at least one member that is looking for a full-time job. 2 – A recent Pew Research survey found that 55 percent of the U.S. labor force has experienced either unemployment, a pay decrease, a reduction in hours or an involuntary move to part-time work since the recession began. 3 – There are 9.2 million Americans that are unemployed but that are not receiving an unemployment insurance check. 4 – In America today, the average time needed to find a job has risen to a record 35.2 weeks. 5 – According to one analysis, the United States has lost 10.5 million jobs since 2007. more here> http://theintelhub.com/2010/07/30/40-bi ... s-economy/ |
| Sat Jul 31, 2010 10:53 am |
|
|
|
|
Site Admin  Joined: Sun Oct 11, 2009 8:59 am Posts: 6532 Location: Friendswood, TX
|
Re: The Horrifying Truth About The Collapse Of The U.S. Economy Shady!And someone in the MSM actually let slip the truth - see below: The new division of labor: Adding profits, subtracting workers By Steven Pearlstein Friday, July 30, 2010 On the outside of its majestic headquarters in Washington, across the park from the White House, the U.S. Chamber of Commerce recently hung four giant banners that spell out exactly what it thinks is missing from the current economy: J-O-B-S. This is a particularly Orwellian bit of political theater, given that it is the private businesses the Chamber purports to represent that eliminated 8 million jobs in 2008 and 2009 and have managed to add a scant 600,000 since then. If Chamber President Tom Donohue wants to round up those responsible for the lack of job growth in this country, all he has to do is call a meeting of his board of directors. and now for the truth: The only surprise is that anyone is surprised by the lack of private-sector hiring. It is only in the world of Chamber of Commerce propaganda that businesses exist to create jobs. In the real world, businesses exist to create profits for shareholders, not jobs for workers. That's why they call it capitalism, not job-ism. There's no reason to beat up on business owners and executives simply because they're doing what the system encourages them to do. Read more here: http://www.washingtonpost.com/wp-dyn/content/article/2010/07/29/AR2010072906281.html?hpid=news-col-blog _________________ The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little. - FDR |
| Sat Jul 31, 2010 1:14 pm |
|
|
|
|
|
Page 1 of 1 |
[ 2 posts ] |
|
All times are UTC - 8 hours [ DST ] |
Who is online |
Users browsing this forum: No registered users and 4 guests |
| You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot post attachments in this forum |