1
Anonymous
@soapbox
03 Mar 2012 1:19PM
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20 points to show the sheep that the economy here in the US is indeed in a shit hole. Save your money and prepare for the worst! All these facts are real, real fucking scary considering Obama and the media are praising economic growth. Get ready people!

#1 The United States has more government debt per capita than Greece, Portugal, Italy, Ireland or Spain.

#2 The European Commission has formally declared that Europe has now entered another recession. German banks are leveraged 32 to 1 and the European financial system is rapidly approaching a nightmare. Lehman Brothers was only leveraged 30 to 1 when it finally collapsed.

#3 There are clear signs that economic activity is also significantly slowing down in the United States. For example, new orders for goods manufactured in the United States experienced the biggest drop in three years in January.

#4 U.S. consumers are busy racking up staggering amounts of debt once again. Total consumer debt rose at an annual rate of 9.3 percent in December. It is now sitting at a grand total of 2.498 trillion dollars.

#5 The U.S. Postal Service has announced plans to eliminate 35,000 more jobs.

#6 There are more unemployed Americans than there are people living in the entire nation of Greece.

#7 The percentage of American men that have jobs is near an all-time record low.

#8 Right now, there are 88 million working age Americans that do not have jobs and that the government says are not looking for jobs.

#9 The average duration of unemployment in the United States is nearly three times as long as it was back in the year 2000.

#10 In January 2009, there were 2.6 million �long-term unemployed workers� according to the federal government. Today, there are 5.6 million.

#11 The average price of a gallon of gasoline in the United States has risen by14 cents in just the past week, and the average price of a gallon of gasoline in the state of California is now an astounding $4.29. Sadly, the price of gas is expected to continue rising over the next few months.

#12 The U.S. housing market continues to struggle deeply. Home prices in the 4th quarter of 2011 were four percent lower than they were during the 4th quarter of 2010. Overall, U.S. home prices are 34 percent lower than they were back at the peak of the housing bubble.

#13 Large numbers of Americans are putting off basic health procedures due to the declining economy. Just consider the following example from a recentHuffington Post article�.

Americans between the ages of 50 to 64 got 500,000 fewer colonoscopies, or screenings aimed at detecting colon cancer, during the recession, compared to the two years before, according to a recent study from researchers at the University of North Carolina�s medical school.

#14 The number of Americans on food stamps has increased by almost 50 percent since Barack Obama first took office.

#15 Right now, 48 percent of all Americans are considered to be either �low income� or �living in poverty�.

#16 The U.S. government is stealing about 150 million dollars from our children and our grandchildren every single hour of every single day.

#17 If Bill Gates gave all of his money to the U.S. government, it would only cover the U.S. budget deficit for about 15 days.

#18 Since the Federal Reserve was created, the U.S. dollar has declined in value by more than 95 percent and the U.S. national debt has gotten more than 5000 times larger.

#19 Approximately 25 million American adults are living with their parents. Most of them are doing it for economic reasons.

#20 According to a new Politico poll, only 30 percent of all Americans believe that the next generation will be �better off economically� than the previous generation.

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Anonymous
03 Mar 2012 2:30PM

#8 Right now, there are 88 million working age Americans that do not have jobs and that the government says are not looking for jobs.

I would also like to add that once these people run out of benefits, they are no longer considered "unemployed". You are only "unemployed" when you receive benefits and are avidly looking for a job.

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Zagg
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07 Mar 2012 10:21AM

88 million would be 28% of the entire population.

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Anonymous
07 Mar 2012 9:19PM

Exactly Zagg...so what's your point?

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Anonymous
07 Mar 2012 9:52PM

The unemployed rate is only 8.3 because students and graduates (70% + of the occupy wall street "terrorists") who are not collecting social benefits are not considered "unemployed" because they are "not actively looking for jobs". That runs true with people that have had their insurance money run dry are no longer considered unemployed - Because unemployment insurance records relate only to persons who have applied for such benefits, people who cannot collect are considered "not apart of the workforce".

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Anonymous
07 Mar 2012 10:02PM

Source: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/02/08/BUIQ1N3RH8.DTL

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Anonymous
08 Mar 2012 2:10AM

28% of the population IS out of work...when you count people who's unemployment have run out, people under-employed, and those who have simply given up looking. Zagg is in denial because the numbers, and most facts, threaten his socialist beliefs.

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TS20
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08 Mar 2012 11:10PM

I wouldn't say that Zagg is in denial; mainstream media and even the PRES do a pretty good job making it look like jobs are being replaced and the economy is recovering ( which it isn't in the slightest). Just keep informing people brother, maybe one day we'll turn this mess around.

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Zagg
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05 Mar 2012 11:33AM

This is what you get when you decide to export every job that can be exported to Asia and import Mexicans to do the jobs that can't be exported. This is what you get when you decide that you'd rather spend your money on imported consumer goods than on educating your children and maintaining infrastructure. This is what you get when you borrow hundreds of billions to make war on half-assed countries half-way around the world. Welcome to the world that we've made.

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Anonymous
05 Mar 2012 3:41PM

Import Mexicans?? Zagg can not have one day where he doesn't talk down America & just generally make an ass of himself.

Mexicans are sneaking & bribing their way into the US, Zagg. Living in Az, I've seen it with my own eyes, we're not "importing" the you idiot.

And who signed NAFTA into law, shipping millions of jobs overseas? Democrat BILL CLINTON! (source: historycentral.com/Documents/Clinton/SigningNaFTA.html) So all the ballyhooing that socialists like Zagg and the Unions do over US jobs being sent overseas is done after they support asshat's like Bill Clinton & Barak Obama's anti-American policies. Then when the policies don't work, which everyone else knew before they were even signed, Zagg and his leftists pals get piss & moan over it. Worthless fucking hypocrites!

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Anonymous
07 Mar 2012 9:57PM

Zagg is usually misguided (see above this comment in the thread) but he does have a point about illegals working in the US. When the economy is striving and doing well, businesses need illegals to work because no one else would even consider most of the jobs those people do. When the economy starts to turn upside down - and everyone is out of a job, whether it be getting outright canned or laid off, we look at all these employed illegals doing jobs even unemployed people wouldn't do and blame them for the problems.

The real problem lies with the Federal reserve and fractional banking systematically collapsing the economy forcing inflation to rape prices and devaluation to destroy the dollar; which has devalued by over 95% since the Federal reserve act in 1913.

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Anonymous
07 Mar 2012 10:04PM

Source: Economics 101

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Anonymous
07 Mar 2012 10:13PM

^Typical Libtard^ Pointless & moronic.

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Anonymous
07 Mar 2012 10:21PM

I point out the lies by mainstream media and the Pres regarding what they believe is "economic growth and recovery" and you call me a libtard. You clearly don't have the IQ to come back with any valuable information so you lower yourself to childish name-calling. Study economics and realize that WE THE PEOPLE are getting royally fucked while the fractional banking system and the PRIVATELY owned Federal Reserve system steal from you, me, our children and every generation after that that will be forced to pay back 16 trillion plus dollars of debt!

I showed you the "unemployment rate" lie and have said before that the Fed has stated to keep interest rates at ZERO per cent for all their banker buddies while we struggle to get by from skyrocketing inflation, devaluation of the dollar, credit debt, mortgage debt, the transfer of wealth from the lower socioeconomic statues to the elitists, the second wave of foreclosures forecasted to happen and the rising student loan debt epidemic are causing the great country of US to fall to its knees economically. Prove me wrong instead of just calling me names, im trying to help people who do not understand economics and why the economies all around the world are collapsing.

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Anonymous
07 Mar 2012 11:17PM

Actually the "typical Libtard" reply was directed at Liberals who reply to fact based posts with moronic unfunny "one-liners"...not directed at you. Sorry for the confusion.

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TS20
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08 Mar 2012 11:08PM

I just get called libtard in every other thread on this site by the exact same people who you're talking about so I usually am the one to respond. Apology accepted lol. Best of luck to you and yours my friend.

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Anonymous
09 Mar 2012 9:24PM

...and to you, sir.

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Anonymous
07 Mar 2012 10:10PM

They also didn't "borrow" billions of dollars out of thin air Zagg - they created trillions of dollars out of thin air and loaned it to banks at ZERO per cent with no intention, other that us as collateral in terms of the Income Tax Act 1913, to pay it back while they lend it to us at a premium rate on credit cards, mortgages and student loans.

But you are right, Foxconn sweat shops blow away minimum wage workers in terms of saving money for the businesses so they export all the factory jobs to Asia. The educational system here in the US is also terribly flawed as in the war on drugs and the war on terror - soon to be war on Iran. We need to stop printing money and spending trillions on everything and start to focus on relieving the debt our children and grandchildren are going to have to pay back in their lives.

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