The Economic Collapse

Thanks Carol for that video , it was excellent apart from the last 5 minutes when the speaker raves about the Health Insurance and the high cost of it .
Two minutes later after viewing that video I visited Global research and immediately I found this article that deals with the USURY ( interest invented by the banks ) . This is really the source of the problem . A system that invents money out of a click of a spreadsheet and imposes for a loan a payment of money that does not exist .
www.globalresearch.ca/its-the-interest-stupid-why-bankers-rule-the-world/5311030

SNIP
"In the 2012 edition of Occupy Money released last week, Professor Margrit Kennedy writes that a stunning 35% to 40% of everything we buy goes to interest. This interest goes to bankers, financiers, and bondholders, who take a 35% to 40% cut of our GDP. That helps explain how wealth is systematically transferred from Main Street to Wall Street. The rich get progressively richer at the expense of the poor, not just because of “Wall Street greed” but because of the inexorable mathematics of our private banking system.

This hidden tribute to the banks will come as a surprise to most people, who think that if they pay their credit card bills on time and don’t take out loans, they aren’t paying interest. This, says Dr. Kennedy, is not true. Tradesmen, suppliers, wholesalers and retailers all along the chain of production rely on credit to pay their bills. They must pay for labor and materials before they have a product to sell and before the end buyer pays for the product 90 days later. Each supplier in the chain adds interest to its production costs, which are passed on to the ultimate consumer. Dr. Kennedy cites interest charges ranging from 12% for garbage collection, to 38% for drinking water to, 77% for rent in public housing in her native Germany.

Her figures are drawn from the research of economist Helmut Creutz, writing in German and interpreting Bundesbank publications. They apply to the expenditures of German households for everyday goods and services in 2006; but similar figures are seen in financial sector profits in the United States, where they composed a whopping 40% of U.S. business profits in 2006. That was five times the 7% made by the banking sector in 1980. Bank assets, financial profits, interest, and debt have all been growing exponentially.
END SNIP
the rest at the link above
I am looking forward to the collapse of the system ,... it is so corrupt and unworkable that will be a pleasure to watch . I can't do anything about it , but try to be prepared somehow . It is only a matter of time .. it is mathematical ....

You're welcome enemyofNWO.

That's been one of my primary complaints for years and yet no one puts a stop to it.

Here's some more info on the topic.


Impact of U.S. Fiscal Cliff on Canada, Mexico and Much of the Developed World Would be Major
http://www.munknee.com/2012/11/impact-of-u-s-fiscal-cliff-on-canada-mexico-and-much-of-the-developed-world-would-be-major/

The Fiscal Cliff: What Is It? What Are Its Ramifications? What’s the Best Way to Invest for Such an Eventuality?
http://www.munknee.com/2012/11/the-fiscal-cliff-what-is-it-what-are-its-ramifications-whats-the-best-way-to-invest-for-such-an-eventuality/

This Is What “Falling Off The Fiscal Cliff” Really Means – and It is DIRE!
http://www.munknee.com/2012/10/this-is-what-falling-off-the-fiscal-cliff-really-means-and-it-is-dire/

Goldman Sachs: The Fiscal Cliff Is a Real & Present Danger to Future Level of S&P 500 – Here’s Why
http://www.munknee.com/2012/08/goldman-sachs-the-fiscal-cliff-is-a-real-present-danger-to-future-level-of-sp-500-heres-why/

Fiscal Tightening in 2013 and Its Economic Consequences
http://www.munknee.com/2012/08/fiscal-tightening-in-2013-and-its-economic-consequences/

What’s Coming: A “Fiscal Meat Grinder,” A “Fiscal Cliff” and a Potential “Major Market Meltdown”!
http://www.munknee.com/2012/08/whats-coming-a-fiscal-meat-grinder-a-fiscal-cliff-and-a-potential-major-market-meltdown/

Over 2 Million Have Already Viewed This Video On Why Economic Collapse of U.S. Is Inevitable! Take a Look
VIDEO: https://www.youtube.com/watch?feature=player_embedded&v=EW5IdwltaAc

So let’s summarize….

-A smaller percentage of Americans have jobs today compared to June 2009.

-Median household income has declined by 4.8 percent since June 2009.

-American families are far less wealthy than they were just a few years ago.

Are we sure that we are in an economic recovery?

Just look at what is happening to our cities.

The rest of the world once looked at Detroit in awe.

Now it is a global joke.

Read more at http://marketdailynews.com/2012/08/27/our-economy-has-been-collapsing-it-continues-to-collapse-and-the-collapse-is-going-to-accelerate-dramatically/#qQ0CjpybIOsfV1rc.99

Median household income in the United States was sitting at $55,470 back in January 2000. In December 2007, when the recession began, it was sitting at $54,916. In June 2009, when the recession supposedly ended, it was sitting at $53,508. Today, it is sitting at $50,964

There has been no economic recovery on “Main Street”.

According to the Sentier Research report mentioned above, incomes have been declining in all geographic regions of the country and in all sectors of the economy….

-Median household income for the self-employed has fallen 9.4 percent since June 2009.

-Median household income for private sector employees has fallen 4.5 percent since June 2009.

-Median household income for government workers has fallen 3.5 percent since June 2009.

-Median household income for Americans living in the West has fallen 8.5 percent since June 2009.

-Median household income for Americans living in the Northeast has fallen 4.9 percent since June 2009.

-Median household income for Americans living in the South has also fallen 4.9 percent since June 2009.

-Median household income for Americans living in the Midwest has fallen 1.1 percent since June 2009.

Remember, the recession supposedly ended in June 2009.

Since that time we have supposedly been in a “recovery”

So if it has seemed to you that American families have been getting poorer it has not just been your imagination.

In a previous article, I detailed 84 statistics that prove that the middle class in America is being systematically destroyed. If you have not read it yet, I encourage you to go check it out. At this point it is absolutely undeniable that the middle class in America is declining. The following are just a couple of the numbers from my recent article….

1. According to the Pew Research Center, 61 percent of all Americans were “middle income” back in 1971. Today, only 51 percent of all Americans are.

2. The Pew Research Center has also found that 85 percent of middle class Americans say that it is harder to maintain a middle class standard of living today compared with 10 years ago.

3. 62 percent of middle class Americans say that they have had to reduce household spending over the past year.

4. The average net worth of a middle class family in America was $129,582 in 2001. By 2010 that figure had dropped to $93,150.

5. According to the Federal Reserve, the median net worth of all families in the United States declined “from $126,400 in 2007 to $77,300 in 2010“.

Read more at http://marketdailynews.com/2012/08/27/our-economy-has-been-collapsing-it-continues-to-collapse-and-the-collapse-is-going-to-accelerate-dramatically/#qQ0CjpybIOsfV1rc.99