Wake the Sheeple Up From Their Entertainment-Induced Comas: 20 Economic Statistics
March 2nd, 2012
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From The Economic Collapse. Please take a few minutes to read the entire article.
‚ÄĚ If dramatic changes are not made very rapidly, our nation is going to smash directly into an economic brick wall.¬† Sadly, most Americans are so addicted to entertainment that they have no idea what is about to happen.¬† Most of them are ‚Äúsheeple‚ÄĚ that are content to trust that the ‚Äúexperts‚ÄĚ know exactly how to fix our problems as they continue to enjoy their entertainment-induced comas.¬† After all, it is much easier to turn on ‚ÄúAmerican Idol‚ÄĚ or ‚ÄúDancing With The Stars‚ÄĚ than it is to think about debt ratios and monetary policy.‚ÄĚ
#1 The United States has more government debt per capita than Greece, Portugal, Italy, Ireland or Spain.
#2 The European Commission has formally declared that Europe has now entered another recession.¬† German banks are leveraged 32 to 1 and the European financial system is rapidly approaching a nightmare.¬† Lehman Brothers was only leveraged 30 to 1 when it finally collapsed.
#3 There are clear signs that economic activity is also significantly slowing down in the United States.¬† For example, new orders for goods manufactured in the United States experienced the biggest drop in three years in January.
#4 U.S. consumers are busy racking up staggering amounts of debt once again.¬† Total consumer debt rose at an annual rate of 9.3 percent in December.¬† It is now sitting at a grand total of 2.498 trillion dollars.
#5 The U.S. Postal Service has announced plans to eliminate 35,000 more jobs.
#6 There are more unemployed Americans than there are people living in the entire nation of Greece.
#7 The percentage of American men that have jobs is near an all-time record low.
#8 Right now, there are 88 million working age Americans that do not have jobs and that the government says are not looking for jobs.
#9 The average duration of unemployment in the United States is nearly three times as long as it was back in the year 2000.
#10 In January 2009, there were 2.6 million ‚Äúlong-term unemployed workers‚ÄĚ according to the federal government.¬† Today, there are 5.6 million.
#11 The average price of a gallon of gasoline in the United States has risen by 14 cents in just the past week, and the average price of a gallon of gasoline in the state of California is now an astounding $4.29.¬† Sadly, the price of gas is expected to continue rising over the next few months.
#12 The U.S. housing market continues to struggle deeply.¬† Home prices in the 4th quarter of 2011 were four percent lower than they were during the 4th quarter of 2010.¬† Overall, U.S. home prices are 34 percent lower than they were back at the peak of the housing bubble.
#13 Large numbers of Americans are putting off basic health procedures due to the declining economy.¬† Just consider the following example from a recent Huffington Post article‚Ä¶.
#14 The number of Americans on food stamps has increased by almost 50 percent since Barack Obama first took office.
#15 Right now, 48 percent of all Americans are considered to be either ‚Äúlow income‚ÄĚ or ‚Äúliving in poverty‚ÄĚ.
#16 The U.S. government is stealing about 150 million dollars from our children and our grandchildren every single hour of every single day.
#17 If Bill Gates gave all of his money to the U.S. government, it would only cover the U.S. budget deficit for about 15 days.
#18 Since the Federal Reserve was created, the U.S. dollar has declined in value by more than 95 percent and the U.S. national debt has gotten more than 5000 times larger.
#19 Approximately 25 million American adults are living with their parents.¬† Most of them are doing it for economic reasons.
#20 According to a new Politico poll, only 30 percent of all Americans believe that the next generation will be ‚Äúbetter off economically‚ÄĚ than the previous generation.
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