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Showing posts with label Bad Economic Facts. Show all posts
Showing posts with label Bad Economic Facts. Show all posts

Thursday, July 18, 2013

6 Facts that Foretell the Slide Into A Economic Collapse

Statistics from Kyle Becker on the Independent Journal Review, in an article titled "6 Economic Stats That Will Make You Wanna Cry." Copy and send these to your friends who do not think things are bad enough to have a SHTF plan. Or at least try and figure out how are you going to pay bills and buy food once the food crisis hits, government goes broke, hyper inflation sets in, and this country generally slides into the third world status that we seem to be heading for.

1. 101 Million Food Aid Recipients

"The number of Americans receiving subsidized food assistance from the federal government has risen to 101 million, representing roughly a third of the U.S. population.... That means the number of Americans receiving food assistance has surpassed the number of private sector workers in the U.S.." [CNS News, July 7th, 2013]

2. 54 Straight Months of 7.5% Unemployment or Above

"Since January 2009, when Barack Obama was inaugurated as president, the United States has seen 54 straight months with the unemployment rate at 7.5 percent or higher, which is the longest stretch of unemployment at or above that rate since 1948"... [CNS News, July 5th. 2013]

3. Long-Term Unemployment

"Of the 11.8 million jobless Americans in June, 4.3 million had been out of work six months or longer. There were 1 million fewer long-term jobless than last year, but their ranks remain way above the previous high-water mark of 2.8 million in 1983." [Huffington Post, July 5th, 2013]

4. Labor Participation Rate

"The number of people not in the labor force which in March soared by a massive 663,000 to a record 90 million Americans who are no longer even looking for work... And even worse, the labor force participation rate plunged from an already abysmal 63.5% to 63.3% - the lowest since 1979! [ZeroHedge, April 2013]

5. Disability Recipients

"The total number of people in the United States now receiving federal disability benefits hit a record 10,962,532 million in April, which exceeds the 10,815,197 people who live in the nation of Greece." [CNS News, May 2013]

6. Poverty Rate Skyrockets

Finally: "As the president began the first year of his second term, the U.S. poverty rate rose to a level not seen since the 1960s... The Census Bureau says that 50 million Americans, roughly one in six — almost 17% — are living below the poverty line... apparently 20% of the nation's children are living in poverty." [IBD, April 2013]