50 Statistics About The U.S. Economy That Are Almost Too Crazy To Believe

Originally posted by LieBuster


it's not a question of if but when we crash.

I'm actually amazed that we haven't crashed already. What's holding the economy together besides past momentum?

It's like a car that's going 100mph and suddenly the engine stalls... Well it will coast for about another mile before it comes to a complete stop. Coasting has to be what we are doing right now. But sooner or later the past momentum will disappear.

And here's the real rub as I see it:
-Wages have been stagnant for around 15 years now. Yet groceries have doubled and even tripled across the board.
-The oil industry has double and even tripled it's greed in the past 15 years respectively (just compare gas prices at the pump).
-And now the government is demanding that all US citizens go out and buy a private health insurance premium.

Its pure unadulterated insanity and I'm still left wondering why the camel's back hasn't broke yet.

I think the Arizona Immigration controversy is just the beginning of civil unrest. We will see what Arizona is doing spread across the south of the country in final bids to save what's left of the service sector.

Beyond that I'm not optimistic for any more stop gap measures that are going to keep the ship from sinking any quicker than it already is.

The only person who seems to be making any sense right now is Gerald Celente when he says that NAFTA policies have to be stopped and this country needs to become a producer again.

But I think that the Globalists wanted to turn the USA into a collapsible service society for a long time now and have completely succeeded in doing just that.







[edit on 4-6-2010 by warequalsmurder]

Originally posted by fordrew
No no no no no! This list is COMPLETELY WRONG.


"#46) Total U.S. government debt is now up to 90 percent of gross domestic product. "

I know for a fact that statistic is wrong. The correct number is around 40% I believe.


This list is complete bull!@#$, I can go nitpicking at these statistics all day..


[edit on 4-6-2010 by fordrew]

www.usdebtclock.org...

You're WAAAYYY off. Debt/GDP is 94.3%

Originally posted by fordrew
No no no no no! This list is COMPLETELY WRONG.


"#46) Total U.S. government debt is now up to 90 percent of gross domestic product. "

I know for a fact that statistic is wrong. The correct number is around 40% I believe.


This list is complete bull!@#$, I can go nitpicking at these statistics all day..


[edit on 4-6-2010 by fordrew]

No rather, your post is complete BS. Are you intentionally trying to post disinfo or are you just very obtuse in general.

In fact debt to GDP ratio is exactly 90.563% at the time of this post.

US DEBT CLOCK

reply to post by OnTheFelt


look he is in denial okay.... its hard to accept that your country isnt perfect

reply to post by OnTheFelt


Regardless of it being 90% or 94%, its still pretty ridiculous either way.

reply to post by OnTheFelt


Just remember that the running counter is an estimate, and gets recalibrated with the newest data point and best guestimate equation periodically. I think the most recent information is on the far right, which says it's at 94.3% , but I could be wrong.

reply to post by unityemissions


Semantics, my friend. The point is that when somebody does a quick drive by with obvious disinfo, it's good to see people call him on it.

Good job, BTW, pointing it out quick.

Dr. Paul Craig Roberts interview...

www.globalresearch.ca...

Things are going to get rough. We all need to get prepared as best we can.

Peace.

Reading through this list I am reminded of the song

Burning Down the House

reply to post by serbsta


Look at the first few facts...
Since the March 2009 stock market lows, the recent recovery had been nothing more than a government sponsored "recovery."

This is not sustainable.

America rode a series of bubbles formed out of easy credit from fiat money expansion!

The US will never stop running massive deficits until a new technological advancement can inflate a new "bubble" or total war resulting in the formation of a new world order!

This is it! The question is, was this all planned?

[edit on 4-6-2010 by Niccawhois]

reply to post by unityemissions


It depends on which way you sort it. There is a wide variance between percentages depending on whether you click "Public" or "External". At last glance the percent debt to GDP was 59.81 for Public and 94.31 for External.

These are some of my thoughts on this information.

1. The Federal Reserve needs audited from the backside with the longest probe available
   
2. Americans need to pick themselves up by the bootstraps and quit holding out for a management positions. Work people..
   
3. Americans had better get used to a Barter system
   
4. Families should revert back to the extended family unit and move away from the nuclear.
   
5. "Buy American" needs to be brought back into our vocabulary.
   
6. Politcal Correctness is outdated. I don't give a crap if profiling is used and niether should you, let the facts come out and prove innocence or guilt.
   
7. Term limits
   
8. Accountability. Did you or didn't you?
   
9. Ban GMO food. Better yet dismantle Monsanto and make it an illegal entity.
   
10. Leave individual states alone, allow them to govern themselves based on our constitution.
    
11. Flat Tax. Here's 10% now leave me alone. That goes for everybody.
    

Great post OP.


[edit on 4-6-2010 by The Undertaker]

Originally posted by alienreality

Originally posted by fordrew
No no no no no! This list is COMPLETELY WRONG.


"#46) Total U.S. government debt is now up to 90 percent of gross domestic product. "

I know for a fact that statistic is wrong. The correct number is around 40% I believe.

"#10) The Dow Jones Industrial Average just experienced the worst May it has seen since 1940."

This is also wrong.



This list is complete bull!@#$.

Someone needs to go lynch the topic creator for posting disinfo.

[edit on 4-6-2010 by fordrew]

No it is not wrong look here :en.wikipedia.org...

As of June 1, 2010, the Total Public Debt Outstanding was approximately 88.9% of GDP

There are some important points people are misssing:

- this ratio of Debt reffers to GDP and this GDP is inflated by public spendings which are based on Debt. So if public spendings will be cut then the GDP will be cut too. So the Debt ratio will jump without Debt increase. So one day You will wake up with let's gues a 150% of GDP.

- the real total Debt is much higher than what they say - the official figures do not reflect the future obligations which result from past decisions.

[edit on 4-6-2010 by unityemissions]

Originally posted by The Undertaker

1. Americans need to pick themselves up by the bootstraps and quit holding out for a management positions. Work people..
   
   

[edit on 4-6-2010 by The Undertaker]

I'm not sure what you mean by this one.

There is definitely an interesting conundrum presented by the current breakdown of a job market. The simple fact of the matter is that of those who are still employed, millions of people are performing non-essential jobs. The problem is not that people are "holding out for middle management". The problem is that people aren't doing anything useful.

I mean if you just wipe out the obvious stuff:

Eliminating the financial sector will eliminate millions of jobs from the hideous Wall Street plunderers to the nice middle aged teller at your local bank branch, along with severely damaging the income of plenty of ancillary businesses that depend on those unbearable prats.

People who work in fast food are not performing an essential task. Especially in a post-monetary/post-petroleum (dependent as we are on oil, oil is just as dependent on money) world where the supply chain as we know it is a thing of the past.

Speaking of the supply chain breaking down, all these factors will mean the end of retail as we know it. Millions more unemployed without any skills to PRODUCE goods or deliver NECESSARY SERVICES.

People keep wondering why the system is perpetuating itself. Why the masses are too scared to rise up and say "No More!" The reason is simple. Society has been conditioned againt being able to sustain itself. People will have nothing to barter aside from their meager existing possessions.

Those who can do anything, are generally able to do everything they need for survival. What would they be interested in bartering for.

Think about it. Those who know how to raise their own food tend to know enough about construction and building maintenance to maintain a basic home. And vice versa. People who have been cultivating useful productive skills are useful productive people who would want for little in a post-money world.

The millions who are holding up this system and who will grease the wheels with their blood will continue to do so because they are "afraid" yes, but they have every reason to be. They would be doomed in a world where they can not have cheap poorly made goods handed to them in exchange for little pieces of paper.

Holding out for management has nothing to do with it.

There is a solution to all of this. No it isn't a revolution, it isn't part of those chain emails that circulate the internet saying not to buy gas on Friday. The solution is simple.

Part one: The banks require deposits to perpetuate the cycle. If you hide your money under your mattress for example you cut off the banks ability to keep running their scam. This will cut the banks off from the money supply, and make the system bleed out until sound money is restored.

Part two: Though not entirely necessary this step leads to the decapitation of the money system. Stop using their currency. Yes I understand in our society this is extremely difficult, but a local barter system is fairly easy to establish we just have to free ourselves of the 20th century invention of a career.

The US economy is dead, there's really no debating it. Their only product is weapons and junk bonds. It's hard for people to imagine the US falling like a third world nation, but that is exactly what the bankers are trying to do. F'ya we're holding on!

reply to post by belidged


Hello, I like your comments, I would add though to people that you can always put money in a fire proof safe rather than in your mattress, I think the banks want to make people who hold cash look like kooks so they claim people hide it under their mattress which could easily burn.

As for your second point, that is why we should be as self sufficient as possible.

reply to post by RobertAntonWeishaupt


Good Points. What I mean by "holding out for management positions" is that when someone tells me they didn't apply for a position because the job didn't pay enough it makes me want to strangle them. I mean if you're in the unemployment line looking for a job shouldn't you take just about anything offered? I can't remember a time when I didn't have more than one job and being underemployed with two or three jobs makes for a livable wage in my opinion. If I flipped burgers eight hours a day and then I decided to deliver pizzas at night and on the weekends I mowed lawns, I gurantee you I could live on that.

There just doesn't seem to be any iniative anymore for people to work and work hard. I mean if the government is going to hand out welfare checks and pay people for having enough kids to start their own baseball team "why work" seems to be the norm for this crowd. Maybe I'm stereotyping but I have seen it on more than one occasion.

Sorry, a bit off topic.

you guys are talking crazy. Didn't you catch the news? we are in a slow recovery, we have all those census jobs... it's gonna be smooth sailing from here on in.
Obama has saved every one of us. He is like Flash Gordon... but with less charisma then Sam Jones, and far less private sector job experience. I believe Happy days are hear again.

p.s. we are all screwed