The United States Has Fallen And Cant Get Up by James Nance (book suggestions txt) 📖
- Author: James Nance
Book online «The United States Has Fallen And Cant Get Up by James Nance (book suggestions txt) 📖». Author James Nance
My personal analysis is that a country of 300 million plus can not rely on trash and porn to be our top growth industries.
America's manufacturing base has been gutted out with no return in sight,
this will in fact accelerate what were already seeing. Painfully high unemployment with well paying jobs being a thing of the past a faint memory.
I can recall when I decided to move to Texas from California the last few days there I would look around as I drove through the Valley of southern California
and I noticed something I had never noticed before all the years I grew up there , and this was in 2006.
I noticed that on every corner you were going to basically see one of five type businesses either a gas station a liquor or convenience store a grocery store or a strip mall.
What did not see was any manufacturing plants or factories,I looked around and saw a lot of people wearing Nike but no Nike plants,I saw everybody with a phone but no phone manufacturing plants. I saw almost every body with a car but not one factory that produced anything that goes into cars. It was at that point I realized the California economy and the US economy as whole had no were to go but down.
In 2013 Auto sales collapsed. Construction jobs are fell off a cliff. And U.S. factory orders just recently suffered the biggest drop in a year. Since the start of 2013 we’ve gained 953,000 jobs, but amazingly 731,000 of them are low-wage part time jobs. That means almost 80% of the jobs created 2013 in America were part-time jobs that won’t pay the bills of an average middle class lifestyle. Whats really amazing is the fact that in December of 2013 of 74000 jobs created for the month 75000 went to women with men losing 1000 jobs for a net job gain of 74000 not one male hired for the month of December nationwide.
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.
Now that the US job market consist of mainly low paying service jobs instead of the high the paying manufacturing jobs of the past. Last year over 246,000 low-paying waiter or bartender jobs have been added to the U.S. economy, versus only 24,000 high-paying manufacturing jobs.
To give you an idea of what America's job market really looks like all one has to do is look at the fact that the second biggest employer in America is now a temp agency!
US retailers are being hit hard, two American Icons Sears and JC Penny’s are both very close to going bankrupt by the end of this year. But that’s not all. Even the largest retailer in the world is having problems and seeing negative growth. Walmart announced that last November’s cuts to food stamp recipients hurt their fourth quarter sales, adding further credence to the notion that without direct government bailouts the stability of America’s companies comes into question. With 70 percent of our economy dependent upon consumer spending and with large amounts of consumers having to be dependent on low paying service jobs or government aide just to survive. America's economic future looks bleak.
The long term effect will be the US economy will continue to shrink and most Americans will have a lower standard of living.
The standard of living for the average American has decreased considerably since just as recent as the early 2000's, In fact reports have shown that the average working American
makes less today than what the average worker made in 1965, if you take into account Inflation. Almost 50% of Americans have less than $500 in savings. America's middle class once rank the wealthiest per capita now ranks number 27th.
Debt
Chapter 4
Debt
If you have been paying attention your aware that The EU (European Union) is in the middle of a Great Debt Depression. Countries like Spain, Portugal, Italy, France, Greece and Cyprus face total disaster. Their economies are ruined for generations to come.
And whats going on over there is really scary but if that’s scary then this is out right terrifying, the US 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.
Historians tell us the Romans, like many civilizations before and after, collapsed under the weight of too much debt. An overextended military, debilitating partisanship and fiscal irresponsibility drove the Roman Empire into the ground.Does any of that sound familiar? The U.S. currently has about $17 trillion in debt, up from less than $1 trillion in 1980. Driving that debt, tax cuts for the rich, two expensive wars in the Middle East and prolific spending to blunt an economic downturn.
America was a net creditor nation from the 1950's-1990's ,America lent more money to other countries than all nations combined at certain points during that period.
today the US borrows more than $150 million dollars an hour 24 hours a day 24/7.
Interest on America's debt was roughly a half a trillion dollars in 2013 and that amount was paid at very historic low interest rates. A one to three point increase in rates could easily bump interest on the United States debt to 1 trillion dollars or more per year.
A report released in October of 2013 by The US Treasury Department states should the United States default on its obligations to creditors, employees, and recipients of state-sponsored benefits. The consequences would be catastrophic and felt for decades.
an official admission and confirmation of the decades’ long woeful mismanagement of U.S. economic, fiscal and monetary policy. The Treasury department basically admitted that if Congress fails to raise the debt ceiling any time in the future and if the government is not able to borrow more money the US Economy would crash.
The Treasury Report States:
“In the event that a debt limit impasse were to lead to a default, it could have a catastrophic effect on not just financial markets but also on job creation, consumer spending and economic growth,” the report said.
“Credit markets could freeze, the value of the dollar could plummet, US interest rates could skyrocket, the negative spillovers could reverberate around the world, and there might be a financial crisis and recession that could echo the events of 2008 or worse.”
…
“Considering the experience of countries around the world that have defaulted on their debt, not only might the economic consequences of default be profound, but those consequences, including high interest rates, reduced investment, higher debt payments, and slow economic growth, could last for more than a generation,” the report states.
Via: Yahoo and Huff Post
Grady Means a former advisory to Vice President Nelson Rockefeller, a former economist at the U.S. Department of Health, Education and Welfare, and has managed multi-billion dollar firms over his career. Back in October of 2012 Means penned a commentary and analysis for the Washington Times in which he noted that “America’s fall will take global economies with it.”
But he didn’t stop there. Means gave us a target date Quote.
“There is a very large probability that the real end of the (Financial) world will occur around March 4, 2014. “emphasis mine” The doomsday clock will ring then because the U.S. economy may fully crash around that date, which will, in turn, bring down all world economies and all hope of any recovery for the foreseeable future — certainly over the course of most of our life times. Interest rates will skyrocket, businesses will fail, unemployment will go to record levels, material and food shortages will be rampant, and there could be major social unrest. Any wishful thinking that America is in a “recovery” and that “things are getting better” is an illusion. The central issue is confidence in America, and the world is losing confidence quickly. At a certain point, soon, the United States will reach a level of deficit spending and debt at which the countries of the world will lose faith in America and begin to withdraw their investments. Many leading economists and bankers think another trillion dollars or so may do it. A run on the bank will start suddenly, build quickly and snowball. At that point, we will need to finance our own deficit, and we will not be able to do so. We will raise bond rates to re-attract foreign investment, interest rates will go up, and businesses will fail. Unemployment will skyrocket. The rest of the world will fully crash along with us”.
If the Treasury Department is aware of this and government advisers our aware of this, there is no doubt the white house is fully aware of the fact as well.
It explains why the Pentagon is preparing in full force for ‘large scale economic meltdown’ and massive revolt via the US public.
The Department of Defense (DOD) are in full scale emergency readiness in their own words for ‘cataclysmic’ events that are believed to ultimately ignite riots in the face of chaos and economic collapse, and it’s all out in the open. And it’s one of the reasons that we’re seeing such a massive amount of spying on activists of all kinds, alternative news writers and personalities, and basically anyone preparing for themselves.
The US government is dedicated to logging such information into a major database in order to ‘prepare’ for the coming collapse that they are predicting in their own documents for all to see. Collapse predictions that have turned into ‘war games’ by the Pentagon, which in 2010 were orchestrated to prepare for what the Pentagon dubbed ‘large scale economic breakdown’ and the disappearance of essential services like food.
In this same ‘war games’ exercise dedicated to domestic response, exercises were ran in order to prepare for ‘domestic order amid civil unrest’.
One US Army’s Strategic Studies Institute paper states due to ‘threat of domestic crises’ from economic collapse to a loss of functional political order brought upon by a ‘hostile group within the United States’ that could access weapons.
“DOD might be forced by circumstances to put its broad resources at the disposal of civil authorities to contain and reverse violent threats to domestic tranquility. Under the most extreme circumstances, this might include use of military force against hostile groups inside the United States. Further, DOD would be, by necessity, an essential enabling hub for the continuity of political authority in a multi-state or nationwide civil conflict or disturbance.”
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