Say Goodbye to the U.S. Economy?

Rising economic problems for the middle-class, dwindling wages, and increased costs of living are real FACTS that we have to face. Most people want to bury their heads in the sand and not talk about it (other than to complain).  NOT US. We are out to change our futures by controlling our income! ...Dennis

Why we can kiss the US economy goodbye

By Wayne Allyn Root  

Published August 05, 2013

FoxNews.com

I don’t mean to say, “I told you so.” But I told you so.

In my latest book, “The Ultimate Obama Survival Guide: How to Survive, Thrive, and Prosper During Obamageddon” I listed hundreds of statistics proving that the U.S. economy was headed for total collapse. But that was all written months ago. Unfortunately, the worst was yet to come.

The results are in. The picture is grim. Here are some frightening economic numbers to think about the next time the lying, manipulating, mainstream media tells you that we are in “recovery.”

First, almost 50% of Americans have less than $500 in savings. Not surprisingly 1 out of 3 residents of Obama’s home state of Illinois live in poverty. A mind numbing 4 of 5 Americans are either experiencing poverty, foreclosure or welfare, or will in their lifetime. Four out of five.Say goodbye to the myth of the American Dream. It’s only a nightmare now.

Ditto for the American middle class. Obama has massacred them. Our middle class now ranks 27^thin the world. 

I’ve argued from day one that Obama’s goal was to create a two class society. The two classes are the super-rich (who are beholden to Obama for corporate welfare, bailouts, and government contracts), and the poor (who are beholden to Obama for checks to survive). Look no further than the new immigration bill to see the final destruction of middle class wages.

More grim news just in: Auto sales are collapsing. Construction jobs are falling off a cliff. And U.S. factory orders just suffered the biggest drop in a year.

What about jobs? Isn’t that picture getting rosier by the minute? 

Well actually, no. Let’s analyze the REAL numbers: 

Since the start of 2013 we’ve gained 953,000 jobs, but amazingly 731,000 of them are crummy low-wage part time jobs. That means almost 80% of the jobs created in Obama's America are part-time jobs that won’t pay the bills of an average middle class lifestyle.

Still not convinced? 

Food stamp rolls are growing seventy-five times as fast as employment. The national debt has increased by 50% under Barack Obama. Obama promised to reduce health insurance bills for an average American family by $2,500 per year, instead your health bills went up by $3,000 per year. 

Meanwhile, labor participation by men is at the lowest rate ever measured – since they started tracking it in 1948. And here’s the clincher: 90 million able-bodied, working-age Americans are not working.

One last morsel of food for thought: The EU is in the middle of a Great Depression. Countries like Spain, Portugal, Italy, France, Greece and Cyprus face total disaster. Their economies are ruined for generations to come. 

Yet America under Obama now has more debt than every country in the European Union-combined. Our country has more government debt than any country in the history of the world.

Say goodbye to the U.S. economy. It’s been nice while it lasted.

Read more: http://www.foxnews.com/opinion/2013/08/05/why-can-kiss-us-economy-goodbye/#ixzz2bPkxK9fi

Nearly 90% of New Jobs since 09 are PART TIME!

The destruction of the full-time worker continues to escalate in America.  Have you been talking to your friends and contacts about this? ...Dennis

Part-time jobs swamp full-time jobs

House Republicans have crunched the numbers and say that since President Obama took office, the economy has added seven times more part-time jobs  

than it has created full-time jobs.

Since January 2009 the country has added a net total of 270,000 full-time jobs, but it has added 1.9 million part-time jobs, according to the House Ways and Means Committee.

The numbers come as Republicans argue that the president’s health care law is pushing businesses to save money and push workers into shorter schedules to avoid the penalties that come from hiring more full-time workers, who under the law will be required to be covered with health care insurance.

Read more:

Hey! We're NUMBER....27....WHAT?!?

Are you aware that when you look at median wealth accumulated per adult in America, and COMPARE it to the rest of the world...we NOT number ONE (haven't been since World War 2).  America is actually ranked 27th!  Lots of reasons for that of course...but it's getting worse, not better.  So what can YOU do to prepare for the continuing slide in wages and opportunities...any ideas??? ...Dennis

Big Lie: America Doesn't Have #1 Richest Middle-Class in the

World...We're Ranked 27th!

America is the richest country on Earth. We have the most millionaires, the most billionaires and our wealthiest citizens have garnered more of the planet's riches than any other group in the world. We even have hedge fund managers who make in one hour as much as the average family makes in 21 years!

This opulence is supposed to trickle down to the rest of us, improving the lives of everyday Americans. At least that's what free-market cheerleaders repeatedly promise us.

Unfortunately, it's a lie, one of the biggest ever perpetrated on the American people.

Our middle class is falling further and further behind in comparison to the rest of the world. We keep hearing that America is number one. Well, when it comes to middle-class wealth, we're number 27.

The most telling comparative measurement is median wealth (per adult). It describes the amount of wealth accumulated by the person precisely in the middle of the wealth distribution -- fifty percent of the adult population has more wealth, while fifty percent has less. You can't get more middle than that.

Wealth is measured by the total sum of all our assets (homes, bank accounts, stocks, bonds etc) minus our liabilities (outstanding loans and other debts). It the best indicator we have for individual and family prosperity. While the never-ending accumulation of wealth may be wrecking the planet, wealth also provides basic security, especially in a country like ours with such skimpy social programs. Wealth allows us to survive periods of economic turmoil. Wealth allows our children to go to college without incurring crippling debts, or to get help for the down-payment on their first homes. As Bill Holiday sings, "God bless the child that's got his own."

Well, it's a sad song. As the chart below shows, there are 26 other countries with a median wealth higher than ours, (and the relative reduction of U.S. median wealth has done nothing to make our economy more sustainable.)

FULL ARTICLE

Study: Record Number 21 Million Young Adults Living With Parents

Certainly a sign of the times for today's young people. QUESTION: Can a 20-year old adult work our business the way you're presenting it? ...Dennis 

WASHINGTON (CBSDC) — A record number of young adults are living with their parents.

A new study from Pew Research finds that 36 percent of Millennials – young adults ages 18 to 31 – are living at their parents’ homes, the highest number in four decades. A record 21.6 million young adults were still living at home last year.

“Most of my friends that have graduated end up living back home because even if they have a job they can’t afford to pay rent and pay back their loans at the same time,” Stephanie Levonne, a 20-year-old college student living at home, told CBS News. “I know a lot of people that took out almost half or more of their tuition in loans which is $50,000 so it’s impossible to pay rent and live in New York City while paying off your loan.”

The number rose from 32 percent at the beginning of the Great Recession in 2007 and 34 percent in 2009.

Declining employment led more young adults to stay with their parents.

FULL STORY:

When a LOT of people do a LITTLE bit each...

Japanese crowd of 40 people pushes a 32 TON train to save a woman who was stuck between a car and the platform. This amazing feat was possible only because a LOT of people worked together toward a single goal...Dennis

Commuters Save Woman By Pushing Train

Around 9:15 am on the morning of July 22, a woman in her 30s who was about to get off the local train from Omiya heading to Isogo, fell through the gap between the platform and train carriage and got stuck at her hip on the JR Minami Urawa station on the Keihin Tohoku line.

About 40 people including passengers that was on the train or platforms and station crew pushed the train together to make a gap in order to rescue the woman.

The woman was carried to the hospital but did not have any apparent injuries.

According to one of our reporters who was on the train, at the time of the accident, there was an announcement by the station crew saying “There’s a person stuck.” The passengers of the train got off the train voluntarily.

The passengers then helped the crew, who were trying to push the train.

The woman was rescued within minutes and the passengers applauded.

According to JR East Japan, when the platform is straight, the gap between the carriage and the platform is about 20 cm wide.

The carriage that was in the accident was the 4th in a 10 car train, and weighed about 32 tons including the wheels.

There is a suspension between the chassis of the car, which has the wheel and the carriage, and when the train is pushed, the suspension stretches and the carriage tilts.

There was maximum 8 minutes delay to the Keihin Tohoku Line due to this accident.

FULL story:

US Being Converted to Part-Time Society

Last month on Financial Preppers Radio I talked about how government regulations are now forcing employers to move more toward part-time workers and eliminate full-time jobs altogether.  Now the numbers are out...and they tell the story. ...Dennis

Obamacare Full Frontal: Of 953,000 Jobs Created In 2013, 77%, Or 731,000 Are Part-Time

When the payroll report was released last month, the world finally noticed what we had been saying for nearly three years: that the US was slowly being converted to a part-time worker society. This slow conversion accelerated drastically in the last few months, and especially in June, when part time jobs exploded higher by 360K while full time jobs dropped by 240K. In July we are sad to report that America's conversation to a part-time worker society is not "tapering": according to the Household Survey, of the 266K jobs created (note this number differs from the establishment survey), only 35% of jobs, or 92K, were full time. The rest were... not.

What is worse, however, is when one looks at job creation broken down by "quality" in all of 2013. The chart below does the bottom line some justice:

But what really shows what is going on in America at least in 2013, is the following summary: of the 953K jobs "created" so far in 2013, only 23%, or 222K, were full-time. Part-time jobs? 731K or 953K of total.

LINK TO ARTICLE: