92.9 Million Americans not in the Labor Force: 12,369,000 Lost Since 2009
by Rob Richardson, Off Grid Survival
If you believe the federal government, you might think the economy is just chugging along – you also might think unicorns are real and a lucky little green leprechaun is going to drop a pot of gold at your door – unfortunately the fairytale being spun by the government and their media propagandists is just that, one big tale.
According to the federal government the unemployment rate is right at 5.5%. What they’re not telling you is that number is completely fabricated; it’s actually closer to 23% — something I pointed out earlier this year. To get a real look at what’s going on with the workforce, you have to look at the labor force participation rate; that number is hovering near the lowest recorded number since 1978.
The real unemployment numbers show that 92.9 million Americans are not participating in the labor force. The 5.5% unemployment rate is a complete fabrication; it doesn’t take into account those who have stopped looking because they can no longer find a job.
The Real job numbers under President Obama are appalling. Since he took office in 2009, over 12 million Americans have left the workforce. When President Obama was sworn into office in January 2009 there were 80,529,000 Americans who were not participating in the workforce. Over his 6 years in office that number has ballooned by another 12,369,000.
But it gets even worse. Of the 4.5 million jobs that have been created during Obama’s term, 67 percent of that employment growth has gone to immigrants (both legal and illegal).
And the hits just keep coming. According to a 2013 report from the House Ways and Means Committee, seven out of eight new employees under President Obama have been part-time employees.
So even those that are supposedly working aren’t making anywhere near the money they made prior to the 2008 market crash – something we can thank the last do-nothing President for.
How much longer can this shell game last?
At some point the whole house of cards comes tumbling down. Yesterday we reported on the tech bubble that’s threatening to tank the stock market. Billions of dollars have been pumped into companies that have no hope of ever making a profit, and some investors are starting to warn that this next bubble will be even worse than the Dot-com bubble in 2000.
If you haven’t started taking steps to prepare yourself for the coming hard times, you really need to figure out how you’re going to face the coming chaos. I devoted an entire section to financial preparedness and the collapse in my book, The Ultimate Situational Survival Guide, because I believe it’s one of the most pressing issues we face as a country.
The Continuing Collapse
The real hard truth that nobody seems to want to face is we never really recovered. The collapse that started under President Bush has continued under President Obama, only the country is too worried about pointing fingers to recognize both sides have let us down.
- 52% of Americans can’t afford their current house payments.
- Total consumer credit has increased by 22 percent over the past three years.
- 1 in 4 Americans Have No Emergency Savings
- Since mid-2007 the amount of global debt has skyrocketed more than 40 percent to $100 trillion.
It’s time to start taking this problem seriously.
What can you do to prepare for the collapse?
Start an Emergency Fund & Get out of Debt: Starting an emergency fund is one of the best things you can do to protect yourself and your family from not only large-scale disasters, but those events in life that can feel like the end of the world when you’re in the middle of the situation. During any type of economic collapse, those in debt and those without savings are going to immediately feel the pain.
During the 2008 economic meltdown, millions of people lost their homes, lost their jobs, and were unable to pay for even basic necessities because they lacked adequate savings to see them through the crisis. During an economic collapse, the possibility of losing your home to debt collectors becomes a real possibility. If you can get out of debt, you limit your risk and put yourself far ahead of most Americans.
Invest in Long-term Consumables: Start stocking up on things that you know you’ll need and use in the future. Emergency supplies, a long-term food pantry, and everyday household goods are all things that you’ll need and will continue to hold their value after the collapse.
Take a serious look at your Defense: If the collapse happens, one of the biggest threats you’re going to face is from people looking to take advantage of the situation. The riots that we witnessed last year in Ferguson, Missouri are going to pale in comparison to what we’ll see during a full-scale economic collapse.
- Start looking into ways to secure and fortify your home.
- Learn the basics of self-defense, and consider learning how to use a firearm.
- Watch for signs of social unrest, and stay alert to what’s going on around you and in your neighborhood.
Invest in a Bugout Bag, and have an evacuation plan: Having an emergency evacuation plan is an important part of being prepared for any type of disaster. If things start going really bad, there may be a need to temporarily evacuate your immediate area. In cases where evacuation becomes necessary, you need to have a bag full of emergency supplies that are ready to go at a moment’s notice.