Infinite Unknown

FYI.

- Jim Rogers: We’re Wiping Out The Savings Class Globally, To Terrible Consequence (Peak Prosperity, March 9, 2013):

Jim Rogers decries the growing uncertainty and recklessness of global central planners as the world enters unchartered financial markets:

For the first time in recorded history, we have nearly every central bank printing money and trying to debase their currency. This has never happened before. How it’s going to work out, I don’t know. It just depends on which one goes down the most and first, and they take turns. When one says a currency is going down, the question is against what? because they are all trying to debase themselves. It’s a peculiar time in world history.

Continue reading »

Tags: Agriculture, Bonds, Commodities, Corn, Debt, Dollar, Economy, Euro, Food, Global News, Gold, Government, India, Japan, Jim Rogers, Middle Class, Politics, Quantitative Easing, rice, Silver, Society, soybeans, U.S., wheat, Yen, Yuan

- Consumer Spending Drought: 16 Signs That The Middle Class Is Running Out Of Money (Economic Collapse, Feb 28, 2013):

Is “discretionary income” rapidly becoming a thing of the past for most American families?  Right now, there are a lot of signs that we are on the verge of a nightmarish consumer spending drought.  Incomes are down, taxes are up, many large retail chains are deeply struggling because of the lack of customers, and at this point nearly a quarter of all Americans have more credit card debt than money in the bank.  Considering the fact that consumer spending is such a large percentage of the U.S. economy, that is very bad news.  How will we ever have a sustained economic recovery if consumers don’t have much money to spend?  Well, the truth is that we aren’t ever going to have a sustained economic recovery.  In fact, this debt-fueled bubble of false hope that we are experiencing right now is as good as things are going to get.  Things are going to go downhill from here, and if you think that consumer spending is bad now, just wait until you see what happens over the next several years. Continue reading »

Tags: Collapse, Economy, Global News, Middle Class, Retailers, Society, U.S.

- 50 Shocking Questions That You Should Ask To Anyone That Is Not A Prepper Yet (Economic Collapse, Jan 16, 2013):

Share this list of shocking questions with everyone you know that needs to wake up.  Sometimes asking good questions is the best way to get someone that you care about to understand something.  When I attended law school, I became very familiar with something called “the Socratic method”.  It is a method that has been traditionally used in law schools all over the United States.  Law professors will bombard their students with questions, and the goal is to stimulate critical thinking and allow students to discover the answers for themselves.  Many times those of us that can see what is happening to this country get frustrated when we try to get others to see what is so apparent to us.  But instead of preaching to them, perhaps asking questions would be more helpful.  When you ask someone a question, they are almost forced to think about what you just said and come up with a response.  And without a doubt, the fact that America is in decline is undeniable.  Those that would choose to blindly have faith in the system are foolish, because it is glaringly obvious that the system is failing.  Our economy is heading for collapse and the world around us is becoming more unstable with each passing day.  So it shouldn’t be a surprise that the number of preppers in the United States is absolutely exploding.  Some estimates put the number of preppers in the U.S. as high as 3 million, and the movement continues to explode.

So exactly what is a “prepper”?  Well, the truth is that there is a tremendous amount of diversity among the people that fall under that label. Continue reading »

Tags: Barack Obama, China, Collapse, Constitution, Crime, Debt, Dictatorship, Dollar, Economy, EU, Europe, Fascism, Fed, Federal Reserve, Genetically Modified Organisms, Global News, GMO, Gold, Government, Law, Middle Class, Military, New World Order, Obama administration, Politics, Preparedness, Preppers, RFID, Russia, Second Amendment, Society, Technology, TSA, U.K., U.S., Violence

- 60 Facts That Prove The American Middle Class is Being Wiped Out (Activist Post, Jan 6, 2013):

The middle class in the United States is being systematically destroyed, and nobody is doing much of anything to stop it.  Our incomes are shrinking, our share of the income pie is at an all-time low, our jobs are being sent overseas, debt burdens have soared to unprecedented heights and millions of formerly middle class Americans have fallen into poverty.

America once had the largest and most vibrant middle class that the world has ever seen, but now it is rapidly being shredded.  Unfortunately, this is particularly true for younger Americans.  Today, families that have a head of household that is under the age of 30 have a poverty rate of 37 percent.  That is astounding.  The truth is that there are not enough decent jobs for the hordes of young people that are entering the marketplace each year.

Continue reading »

Tags: Banking, Collapse, Economy, Global News, Government, Middle Class, Politics, Society, U.S.

Barack Obama: making sacrifices for his country?

- Barack Obama’s $7 million Hawaii vacation is an insult to America’s struggling middle class (Telegraph, Jan 4, 2013):

$16.4 trillion – that’s the latest figure for America’s massive national debt. Nearly $6 trillion of this debt was racked up in the first term of the Obama presidency – a 50 percent increase. It is horrifying to imagine what the debt will be when Obama leaves the White House in 2016, unless Congress has the willpower to stand in the way.

Meanwhile, as the world’s superpower is literally drowning in debt, President Obama is basking in the warmth of the beaches of Hawaii, at an exclusive resort way beyond the financial reach of most Americans. The president pays the cost of his own family’s accommodations, but there are a large number of associated costs which are paid from the public purse.

What is the actual cost of Obama’s lavish vacation to the American taxpayer? A staggering $7 million, according to veteran White House reporter Keith Koffler, who wrote in his blog earlier this week: Continue reading »

Tags: Barack Obama, Government, Middle Class, Obama administration, Politics, Society, U.S.

YouTube Added: 02.01.2013

Tags: Barack Obama, Congress, Fiscal Cliff, Global News, Government, Middle Class, Obama administration, Peter Schiff, Politics, Society, U.S.

- Happy New Year Middle Class: The Fiscal Cliff Is Going To Rip You To Shreds (Economic Collapse, Dec 30, 2012):

The middle class has quite a gift welcoming them as the calendar flips over to 2013.  Their payroll taxes are going to go up, their income taxes are going to go up, and approximately 28 million households are going to be hit with a huge, unexpected AMT tax bill on their 2012 earnings.  So happy New Year middle class!  You are about to be ripped to shreds.  In addition to the tax increases that I just mentioned, approximately two million unemployed Americans will instantly lose their extended unemployment benefits when 2013 begins, and new Obamacare tax hikes which will cost American taxpayers about a trillion dollars over the next decade will start to go into effect.  If Congress is not able to come to some sort of a deal, all middle class families in America will be sending thousands more dollars to Uncle Sam next year than they were previously.  And considering the fact that the middle class is already steadily shrinking and that the U.S. economy is already in an advanced state of decline, that is not good news.  You would think that both major political parties would want to do something to keep the middle class from being hit with this kind of tax sledgehammer.  Unfortunately, at this point it appears that our “leaders” in Washington D.C. are incapable of getting anything done.  So get ready for much smaller paychecks and much larger tax bills.  What is coming is not going to be pleasant.

So what happened? Continue reading »

Tags: Barack Obama, Collapse, Economy, Fiscal Cliff, GDP, Global News, Government, Middle Class, Obama administration, Politics, Society, U.S.

YouTube Added: 29.12.2012

A look at what will happen to your taxes if the Congress doesn’t come to an agreement.

Tags: Barack Obama, Fiscal Cliff, Global News, Government, Middle Class, Obama administration, Society, Taxes, Taxpayers, U.S.

YouTube Added: 27.12.2012

Tags: Barack Obama, Fiscal Cliff, Global News, Government, Middle Class, Obama administration, Society, Taxes, Taxpayers, U.S.

See also:

- America’s 75 Economic Numbers From 2012 That Are Almost Too Crazy To Believe

- 16 Things About 2013 That Are Really Going To Stink (Economic Collapse, Dec 28, 2012):

The beginning of the year has traditionally been a time of optimism when we all look forward to the exciting things that are going to happen over the next 12 months.  Unfortunately, there are a whole bunch of things about 2013 that we already know are going to stink.  Taxes are going to go up, good paying jobs will continue to leave the country, small businesses will continue to be destroyed, the number of Americans living in poverty will continue to soar, our infrastructure will continue to decay, global food supplies will likely continue to dwindle and the U.S. national debt will continue to explode.  Our politicians continue to pursue the same policies that got us into this mess, and yet they continue to expect things to magically turn around.  But that is not the way that things work in the real world.  Bad decisions lead to bad outcomes.  Instead of realizing that what we are doing is not working, our “leaders” continue to give us more of the same.  As a result, there are going to be a lot of things about 2013 that will not be great.  Sticking our heads in the sand and pretending that everything will be “okay” somehow is not going to help anyone.  We’ve got to make people understand exactly what is happening and why it is happening if we ever hope to see real changes.

The following are 16 things about 2013 that are really going to stink… Continue reading »

Tags: Barack Obama, Collapse, Debt, Economy, Food, Food stamps, Global News, Government, Middle Class, Obama administration, Politics, Poverty, Society, Stock Market, Taxes, Taxpayers, U.S., Unemployment, Wall Street