What a year 2012 has been! The mainstream media continues to tell us what a "great job" the Obama administration and the Federal Reserve are doing of managing the economy, but meanwhile things just continue to get even worse for the poor and the middle class. It is imperative that we educate the American people about the true condition of our economy and about why all of this is happening. If nothing is done, our debt problems will continue to get worse, millions of jobs will continue to leave the country, small businesses will continue to be suffocated, the middle class will continue to collapse, and poverty in the United States will continue to explode. Just "tweaking" things slightly is not going to fix our economy. We need a fundamental change in direction. Right now we are living in a bubble of debt-fueled false prosperity that allows us to continue to consume far more wealth than we produce, but when that bubble bursts we are going to experience the most painful economic "adjustment" that America has ever gone through. We need to be able to explain to our fellow Americans what is coming, why it is coming and what needs to be done. Hopefully the crazy economic numbers that I have included in this article will be shocking enough to wake some people up.
The end of the year is a time when people tend to gather with family
and friends more than they do during the rest of the year. Hopefully
many of you will use the list below as a tool to help start some
conversations about the coming economic collapse with your loved ones.
Sadly, most Americans still tend to doubt that we are heading into
economic oblivion. So if you have someone among your family and friends
that believes that everything is going to be "just fine", just show
them these numbers. They are a good summary of the problems that the
U.S. economy is currently facing.
The following are 50 economic numbers from 2012 that are almost too crazy to believe...
#1 In December 2008, 31.6 million Americans were on food stamps. Today, a new all-time record of 47.7 million Americans
are on food stamps. That number has increased by more than 50 percent
over the past four years, and yet the mainstream media still has the
gall to insist that "things are getting better".
#2 Back in the 1970s, about one out of every 50 Americans was on food stamps. Today, about one out of every 6.5 Americans is on food stamps.
#3 According to one calculation,
the number of Americans on food stamps now exceeds the combined
populations of "Alaska, Arkansas, Connecticut, Delaware, District of
Columbia, Hawaii, Idaho, Iowa, Kansas, Maine, Mississippi, Montana,
Nebraska, Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma,
Oregon, Rhode Island, South Dakota, Utah, Vermont, West Virginia, and
#4 According to one recent survey, 55 percent of all Americans have received money from a safety net program run by the federal government at some point in their lives. (more)
So many people only look at the US debt and yell and scream while jumping up and down in their yellow rain coats preaching the end is near. True, the US has the largest public debt, but it is far from the worst for it has the largest economy. That distinction being the worst debtor belongs to Japan and if Japan had to pay its debt back, it would be an economic Tsunami of untold proportions. Here are the facts just from the CIA and it is 2 years old. It is far worse and we may see the final capitulation of Japan in 2013.
|Public Debt Top 20, 2010 estimate (CIA World Factbook 2011)|
|Country||Public Debt (in billion USD)|
|% of GDP||per capita (USD)||Note (2008 estimate)|
|USA||$9,133||62%||$29,158||($ 5,415, 38%)|
|Japan||$8,512||198%||$67,303||($ 7,469, 172%)|