http://theeconomiccollapseblog.com
http://albertpeia.com/34signsamericaindecline.htm
‘The United States is clearly in an advanced
state of decline. Many people around the world (and even inside America)
rejoice at this, but not me. I mourn for the country that I was born in
and that I still love. Yes, the United States has never been perfect, but
the Republic that our Founding Fathers started truly has been a light to the
rest of the world in a lot of ways over the centuries. Unfortunately, our
foundations are badly rotting and our nation is collapsing all around us.
Many Americans like to think that the United States is greater today than it
has ever been before, but the truth is that America is like a patient that has
stage 4 cancer that has spread to almost every area of the body. Our
nation is being destroyed in thousands of different ways, and more distressing
news emerges with each passing day. This article will mainly focus on the
economic decline of America, but much could also be said about our social,
political, moral and spiritual decline as well. We are simply not the
same country that we used to be. Americans are proud, selfish, greedy,
arrogant, ungrateful, treacherous and completely addicted to entertainment and
pleasure. Our country is literally falling apart all around us, but most
Americans are so plugged into entertainment that they can't even be bothered to
notice what is happening. Most Americans seem to assume that we will
always have endless prosperity just because of who we are, but unfortunately
that simply is not true. We inherited the greatest economic machine the
world has ever seen and we have wrecked it, and now a very painful day of
reckoning is approaching. But most people will not understand until it is
too late.
The following are 34 signs that
America is in decline...
#1 According to the World Bank, U.S. GDP accounted for 31.8
percent of all global economic activity in 2001. That number
dropped to 21.6
percent in 2011. That is not just a decline - that is a
freefall. Just check out the chart in this
article.
#2 According to The Economist, the United States was the best
place in the world to be born into back
in 1988. Today, the United States is only tied for 16th place.
#3 The United States has fallen in the global economic
competitiveness rankings compiled by the World Economic Forum for four years in a row.
#4 According to the Wall Street Journal, of the 40 biggest
publicly traded corporate spenders, half
of them plan to reduce capital expenditures in coming months.
#5 More than three times as many new homes were sold in the United
States in
2005 as will be sold in 2012.
#6 America once had the greatest manufacturing cities on the face
of the earth. Now many of our formerly great manufacturing cities have
degenerated into festering
hellholes. For example, the city of Detroit is on the verge of
financial collapse, and one state lawmaker is now saying that "dissolving Detroit" should be looked at as an
option.
#7 In 2007, the unemployment rate for the 20 to 29 age bracket
was about 6.5 percent. Today, the unemployment rate for that same age
group is about 13 percent.
#8 Back in 1950, more
than 80 percent of all men in the United States had jobs.
Today, less than 65 percent of all men in the United States
have jobs.
#9 If you can believe it, approximately one out of every four
American workers makes 10
dollars an hour or less.
#10 Sadly, 60 percent
of the jobs lost during the last recession were mid-wage jobs, but 58
percent of the jobs created since then have been low wage jobs.
#11 Median household income in America has
fallen for four
consecutive years. Overall, it has declined by over $4000
during that time span.
#12 The U.S. trade deficit with China during
2011 was 28 times larger than it was back in 1990.
#13 Incredibly, more than 56,000 manufacturing facilities in the
United States have been shut down since 2001. During 2010, manufacturing
facilities were shutting down at the rate of 23
per day. How can anyone say that "things are getting
better" when our economic infrastructure is being absolutely
gutted?
#14 Back in early 2005, the average price of a
gallon of gasoline was less than 2 dollars a gallon. During 2012, the
average price of a gallon of gasoline has been $3.63.
#15 In 1999, 64.1
percent of all Americans were covered by employment-based health
insurance. Today, only 55.1
percent are covered by employment-based health insurance.
#16 As I have written about previously,
61 percent of all Americans were "middle income" back in 1971
according to the Pew Research Center. Today, only 51
percent of all Americans are "middle income".
#17 There are now 20.2 million Americans that spend more than half of
their incomes on housing. That represents a 46 percent increase from
2001.
#18 According to the U.S. Census Bureau, the
poverty rate for children living in the United States is about 22 percent.
#19 Back in 1983, the bottom 95 percent of all
income earners in the United States had 62 cents of debt for every dollar that
they earned. By 2007, that figure had soared to
$1.48.
#20 Total home mortgage debt in the United
States is now about 5 times larger than it was just 20 years ago.
#21 Total credit card debt in the United States
is now more than 8 times larger than it was just 30 years
ago.
#22 The value of the U.S. dollar has declined by more than 96 percent since the Federal Reserve was
first created.
#23 According to one survey, 29
percent of all Americans in the 25 to 34 year old age bracket are still living with their parents.
#24 Back in 1950, 78
percent of all households in the United States contained a married
couple. Today, that number has declined to 48
percent.
#25 According to the U.S. Census Bureau, 49
percent of all Americans live in a home that receives direct
monetary benefits from the federal government. Back in 1983, less than a third of all Americans lived in a home
that received direct monetary benefits from the federal government.
#26 In 1980, government transfer payments
accounted for just 11.7
percent of all income. Today, government transfer payments
account for more than 18 percent of all income.
#27 In November 2008, 30.8 million Americans
were on food stamps. Today, 47.1
million Americans are on food stamps.
#28 Right now, one
out of every four American children is on food stamps.
#29 As I wrote about the
other day, according to one calculation the number of Americans on food
stamps now exceeds the combined populations of "Alaska, Arkansas,
Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Iowa, Kansas,
Maine, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North
Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Utah, Vermont, West
Virginia, and Wyoming."
#30 Back in 1965, only one out of every 50
Americans was on Medicaid. Today, one out of every 6 Americans is on Medicaid, and
things are about to get a whole lot worse. It is being projected that
Obamacare will add 16 million more Americans to the Medicaid rolls.
#31 In 2001, the U.S. national debt was less
than 6 trillion dollars. Today, it is over 16
trillion dollars and it is increasing by more than 100 million dollars every single hour.
#32 The U.S. national debt is now more than 23 times larger than it was when Jimmy
Carter became president.
#33 According to a PBS report from earlier this
year, U.S. households that make $13,000 or less per year spend 9
percent of their incomes on lottery tickets. Could that
possibly be accurate? Are people really that foolish?
#34 As the U.S. economy has declined, the
American people have been downing more antidepressants and other prescription
drugs than ever before. In fact, the American people spent 60 billion dollars more on prescription drugs in 2010
than they did in 2005.
So what are our
"leaders" doing about all of this?
Not much.
They just continue to insist
that everything is "just fine".
Sadly, the truth is that they
live in a world that is very different from most of the rest of us.
Barack Obama is getting ready to
take a 20 day vacation to Hawaii.
When was the last time you got
to take a 20 day vacation?
And most of our
"leaders" have no idea what it is like to struggle from month to
month on a paycheck.
Overall, more than half of the
members of Congress are millionaires. We are led by wealthy men who are
serving the interests of other wealthy men.
But the problem with our system
is not limited to the president and the members of Congress. The truth is
that the political system in America has become a colossal beast that just
continues to grow no matter who is in power. The political establishment
of both parties is totally dependent on this beast, and they will continue to
feed it and serve it because it has been very good to them. The following
is from an outstanding article by Steve McCann...
The Republican and Democratic political establishments are made
up of the following:
1) many current and nearly all retired national office holders
whose livelihood and narcissistic demands depends upon fealty to Party and
access to government largesse;
2) the majority of the media elite, including pundits, editors,
writers and television news personalities based in Washington and New York
whose proximity to power and access is vital to their continued standard of
living;
3) academia, numerous think-tanks, so-called non-government
organizations, and lobbyists who fasten onto those in the administration and
Congress for employment, grants, favorable legislation and ego-gratification;
4) the reliable deep pocket political contributors and
political consultants whose future is irrevocably tied to the political
machinery of the Party; and
5) the crony capitalists, i.e. leaders of the corporate and
financial community as well as unions whose entities are dependent on or subject
to government oversight and/or benevolence .
Do
you think that there is any chance that this insidious system will be uprooted
any time soon?
Of
course not.
We
will continue on the same path that we are on right now and America will
continue to decline.
Many
will rejoice as America falls, but I will not.
I
will mourn for a mighty Republic that has fallen and for a dream that has been
lost.’