The Inevitable Collapse of America

Don't mean to post such depressing articles but I found this website that holds nothing back about the real state of this country. Looks like we may never recover barring a lot of miracles. God help us all...

http://theeconomiccollapseblog.com/archives/even-ben-stein-is-warning
that-an-economic-collapse-is-coming

http://theeconomiccollapseblog.com/archives/24-signs-of-economic-decline-in-america

chopthis -- not a depressing article at all but reality. I've stated this so many times on the old forum - and of course criticized, a reason I refrain from posting much. Last night on PBS News Hour with Jim Laurer -- two of his "talking heads" as well as Jim himself stated the elderly, homeless, and millions of unemployed will continue to be ignored and will receive less and less help from government.

My hope for many on this forum is that they can attain some form of work even if temp, to enable them to file a new UE claim in 2012. My three month temp assignment ends this week and I have earned enough wages to open new claim in 2012. I may have another temp assignment mid-May that will help me survive.

I finally got a job a little over a month ago but with the rising costs of gas and food and the fact that I have a commute of about 30 miles round trip any money I am making over the unemployment I received is about voided out. There is no such thing as getting ahead anymore in this country unless you are rich...

I've said this in other posts on this site. Its not exactly being a great fortune teller to make the prediction that another collapse is imminent. And may make the one in 2008 look like 'Childs Play'. Particularly the fact that this time around, there is no money left to bail out the Big Banks and Wall Street again. And float them along artificially for another short term period. Which is all the bail outs accomplished really, and was exacerbated by the fact that Wall Street stuffed the money in their pockets and ran. Rather than investing it in loosening up lending and promoting economic and job growth. With it being an artificial prop up, its no mystery it will sooner or later fall apart, and result in another collapse. Add to it, many more 99ers coming up the end of this year running out of EB. And inflation, which normally hits at the tail end of a Recession. The fact that its hitting and we are still squarely immersed in the Recession, with no signs of an end soon...this is a 'Toxic Witches Brew'....something we've never really had before....rampant inflation AND a Recession in place all at the same time.
All future prediction aside, I still contend the Bail Outs were a big mistake. Particularly with no strings attached for how they had to use the money. Had the Govt let the market function naturally, yes, the immediate collapse may have been deeper, but it also would've forced some real reforms on Wall Street. In other words, forced them to change their behavior. As the saying goes "The Cream Rises to the Top". And we by now would've been seeing a recovery happening, instead of this continous languishing in Recession mode. For everyone, that is, except for the super rich minority, who pocketed the bail out and ran.

I agree with you delko, accept I have a feeling that they will always find money somewhere to bail out the banks.

Of course they will bail out the banks. They learned the hard way during the Great Depression (number 1) that by not doing so, the rich lose everything.

Yes, during that period the "common people" suffered, but they survived on their values and under the leadership of FDR were able to pull themselves out of it. The wealthy were the one who suffered the most then and they will make darn sure it doesn't happen to them again.

My grandfather said that during the great depression there were some people that still had lot's of money and everyone else had nothing. He said he didn't even carry a wallet for 10 years, he didn't need it.

He mentioned that the people that had money bought companies, and land, and buildings really cheap and created more wealth that way.
It's getting that way again, there is hardly any middle class at all.

I think that the bank bailouts may have been necessary. If those companies had gone under even more people would have lost their jobs. But you cannot subsidize loss and privatize gains. You have to share the gains as well and that is what big business is not doing. How can they bail out the banks and not continue to bail us out?

I used to think we were headed for another dip...now I'm not so sure. But I'm spectacularly bad at predicting anything.

One thing I can't get a handle on: even though it seems like inflation is bad because of the high gas and food prices, the actual inflation rate really isn't that high. Republicans have been screaming about it ever since 2008, but in fact, deflation was the real concern in 2009.

Two things are for sure though: average people are having to get by with less and less and the rich really are getting richer.