Thursday, December 8, 2011

The Horrifying Truth about the Collapse of the U.S. Economy

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.

U.S. stocks slid, sending the Standard & Poor’s 500 Index to a 12-year low, as the government cut shareholders’ stake in Citigroup Inc. by 74 percent and the economy shrank at a faster pace than previously estimated.
Citigroup plunged 39 percent after the Treasury agreed to convert as much as $25 billion of preferred shares into common stock in a third rescue attempt. Bank of America Corp. tumbled 26 percent, snapping a four-day rally in an S&P 500 group of banks. Alcoa Inc. and Boeing Co. fell more than 3.8 percent after the Commerce Department said gross domestic product contracted at a 6.2 percent annual pace in the fourth quarter.

“The City story is a nightmare that keeps getting worse, with no end in sight,” said Matthew Kaufler, money manager at Federated Clover Investment Advisors, which oversees $2.1 billion. “The fact that it’s occurring on a day when we’re getting horrible GDP numbers adds some kerosene to the mix.” Read more.....


  1. This is a very informative and interesting website! Thank you for the great articles. I do believe what is said about our debt and economic collapse is true. I, like most Americans, try to ignore the coming storm clouds and pray it will never happen. But, I do have that re-occurring "dream" that all of us Americans will wake up one morning to a collapsed economy with worthless old green dollars and our savings gone in failed banks. And all of this to happen in one day's time. Look at the euro for an example. Peace ! Tim Money

    AND YES, GOD!!!

  3. why ignore it..could get more informed and help others with that info. an example-had a friend who kept horses, wife was demanding 2 more horses, told him the economy was to tank(this was 2007) and if not work horses their simply a drain, he sold all horses, payed off some debt instead, hrs at work were cut the next yr, wages were cut, pension was no longer funded...he thanked me for informing him before he got stuck in a bad place. help others as can do. However, the guy who bought those horses..wonder how it's worked out for him? why didn't-you-tell him?

  4. I don't know what it will take for people to wake up and accept the truth. I feel like everyone around me hasn't a clue. I would love to tell people but they look at you like you're a wackjob.

  5. I applaud your concerns and opinions and i myself want to add my 2 cents;)

    ive always been an outdoor person and have for awhile now learned to live off the land. Im no Daniel Boone or Davy Crockett but i do feel that what i know is gonna be very helpful in the near future. Im also not one to pay much if any attention to politics or the news because it only reminds me of what i know is going to happen with the economy and therefore i feel that im prepared for this onslaught. Guns Ammo and survival essentials will be worth more than the green back dollar my friends, so i advise you all to start using it to purchase these said items while you still can because one day you could very possibly be the next mad max on that lonely stretch of highway ;)


Everyone is encouraged to participate with civilized comments.