Thread: War: Global Econ. Crisis: Collapse U.S. Standard of Living

War and the Global Economic Crisis: Collapse of the American Standard of Living

by Bob Chapman
Global Research, May 7, 2011
International Forecaster

As the economy stumbles the American standard of living recedes. 44 million people are using food stamps and in one year that figure will be 60 million. Washington and Wall Street say, what me worry? Of course not they are the masters of the universe. We are 24 months into an inflationary depression and it still goes undiscovered. Who cares that the issuance of food stamps is up 80%, as long as the bonuses on Wall Street and in banking continue to flow and bureaucrats get higher and higher salaries and benefits? The high cost of health insurance, no longer affordable to most have increased and Medicaid users are up 17%, as the program costs increased 36%. Those on welfare rose 18%, as costs rose 24%. It is now evident to many that the choice of early retirement in the late 1990s at 52 and 59 years old was a big mistake. Many must now work into their 70s, or starve. Many retirees are forced to reenter the workforce. Recently there were 2,000 job openings and 75,000 people applied. How is that for recovery? The birth/death ratio is bogus and real unemployment is 22%. The economy needs 2 million new jobs a year and that is impossible. Good paying jobs are still being offshored and outsourced. How about the millions without jobs now for years? While all this transpires the Fed bails out Wall Street, banking and government and leaves crumbs for the dispossessed.

It always gets us when these acceptable writers use soft or euphuistic phrases to describe creeping national state socialism. The big picture is dreadful, but government, Wall Street and the media won’t tell you that. Truth has nothing to do with business. They all spin one lie after another, just as you have recently seen with a certificate of live birth and the death of Mr. bin Laden. It reminds one of the old song, “Anything Goes.â€

your not broke... your Dirt Broke from Never Ending Wars

you have been warned for many, many years ... now the suffering is here

whodathunkit

Welcome to the Newest Broke Ass 3rd World Country

Everybody together ..... USA USA USA

Join in John McCain "Bomb Bomb Bomb" "Bomb Bomb Iran"

Join In Jorge Bush "NWO NWO NWO"

Hillary Clinton ... "Bomb Bomb Bomb" "Bomb Bomb the world ... Oooops I mean Syria"

How about ........ "We Want Food" "We Want Food"

El Presidente Obama ... Let Them Eat Cake .... what time do I Tee - off

Those running Washington from behind the scenes know America can never pay off and liquidate its debt. That is why there is little effort to do so. The real idea is to destroy the system. It reminds one of Argentina in 1999, before they defaulted on 2/3’s of their debt only in a much bigger way. The dollar, because it is the world reserve currency, and that nations hold about 60% of foreign reserves in US dollars affects the entire world. America’s Wall Street, banking and government has had a 66-year party and everyone gets to pay for it. The next step, rather than austerity, will be confiscation of all, or part, of pensions, that $12 trillion pool of government and individual retirement funds. Needless to say, such irresponsible actions only delay the inevitable monetary collapse.

you watched G.W. Bush Usher in the N.W.O. and brushed it off as a conspiracy theory .. so give up your cash; the Never Ending War must Proceed at Break Neck Speed

NeoCons / NeoLibs now rule you .. you are NOT governed.. this is Rule by Dictate

Smart people don't do the bull shit that's been going on .. but then again, America has has a Drunk and a Crack Head running the country for the last 10 years and both spent the tax payers funds like a drunken Socialist sailor

America is Dumbed Down like Never before in History; thats why we keep electing these goof balls ... so who do we get next as a president a paranoid schizophrenic that has delusions of grandeur

So I guess its going to take a collapse and the normal American to Suffer before it sinks into the gray matter

Sometimes ya just gotta ride that monkey to figure it out