The “Final Solution” to America’s Economic Free Fall
by Dave Hodges, The Common Sense Show
Was it really that long ago, that we used to brag that the next generation of Americans would be better off than their parents? The lexicon connected to this kind of thinking has completely disappeared from our national discussions about the economy. Despite President Obama’s claims that America is in full recovery, nothing could be further from the truth. The American economy is sick, very sick! The only issue left to decide is just how long the patient has to live?
The Bureau of Labor Statistics Proves Obama to be a Liar
According to Bureau of Labor Statistics, when President Obama took office in January 2009, there were 80,529,000 Americans who were not part of the workforce. There are 12,369,000 Americans who have left the workforce since Obama became President. Last month alone, the number of Americans who are not participating in the workforce jumped by 354,000 last month.
Since the crash of 2008, the size of the U.S. population has grown by 16.8 million people, but the number of full-time jobs has actually decreased by 140,000 people. Only a paltry 44% of American adults are employed for 30 or more hours each week which is the magic number for Obamacare in which employers are required to pay the health care costs for any employee who works 30 hours or more week.
The Obama administration is lying through its teeth as they claim that the nation’s unemployment rate fell to 5.5%. The 5.5% figure is at the top end of the range considered to represent full employment by most Federal Reserve policy makers. Happy days are here again as Obama is attempting to make it look like America is in full economic recovery. Actually, nothing could be further from the truth. Below is the “rosy picture” that President Obama would have you believe as you and yours cannot find a full-time job.
John Williams, the creator of Shadow Stats, tells a far different story when it comes to full employment. Williams claims that when the smoke and mirrors of government counting is stripped away, the actual unemployment rate is over 23%. Mr. Williams is scheduled to be a guest on The Common Sense Show on March 22, 2015 from 9-10pm Central. Below is Williams graphic representation of the the true unemployment rate.
More Proof That Full Time Jobs Are Disappearing from the American Landscape
The American population grew from February 2008 to February 2015 by a total of 16.8 million persons which added up to a 5.5% increase in total population. Disturbingly, not a single one of the 16.8 million persons, accounting for the population increase actually secured a full time job!
According to the Treasury Department, the Federal Reserve and the Bureau of Labor Statistics, debt creation has replaced job creation! Just how long can this party continue?
One of Obama’s favorite words is “sustainability”. Why isn’t the Washington Press Corps asking the President if these economic trends are sustainable beyond the 22 months that he has left in office?
Income Distribution for American Workers
Of all the disturbing trends being presented in this report, income distribution for most Americans is the most concerning. We are a nation mired in poverty. The hopelessness and desperation that accompanies poverty has engulfed approximately half of the country.
The year 2013 is the last year that we have income statistics available for American workers as the 2014 figures will not be out until mid-October.
The income numbers for American workers are beyond dismal. According to the Social Security Administration income statistics, almost one in four Americans made less than $10,000 per year in 2013. Four in ten Americans made under $20,000 per year.
– 15% of Americans made under $5,000 per year
– 24% of Americans made under $10,000 per year
– 39% of Americans made under $20,000 per year.
– 52% of Americans made under $30,000 per year.
– 63% of Americans made under $40,000 per year.
– 72% of Americans made under $50,000 per year.
People from all sides of the economic argument agree that one out of six American face food vulnerability. Let me put it another way. One out of six Americans, in this economic pre-collapse period face starvation and the when the bubble in the American economy collapse (i.e. housing, auto and the Stock Market), we may see the food vulnerability numbers get flipped in which five out of six American face serious food shortages. Does it make send now why Obama is trying to take away ammunition from the people. Does it make more sense on why DHS has been arming to the teeth for the past two years?
Some people have called me an alarmist as I have advised people to take the bulk of their money out of the bank an invest their money into items which promote surviving an economic collapse. When the housing, auto and Stock Market crashes and the banks, who in one way or another, have underwritten these bad loans, one has to ask, how long will it be until the banks collapse as well?
In light of these statistics, does it make sense that the government is preparing for widespread bank failures? All nations belonging to the G20 have agreed to pass legislation that will fulfill a new investment program. This new program creates a whole new paradigm and set of rules whereby banks will no longer recognize your deposits as money. That means that when your bank fails, you will be last in line to receive FDIC reimbursement.
The Federal Reserve and the Bank of England Have Already Rehearsed the Theft of Your Bank Account
The theft of the people’s money has already been rehearsed by the powers that be in the banking industry. Regulators from the United States and the United Kingdom got together, late last year, in a war room to see how they will cope when the next big bank fails.