while Wall Street has flourished, Main Street remains mired in the “new normal.” It is the new normal where a staggering 75 percent of the jobs created this year have not only been part-time, but low-paying. It is the new normal where the “decline” in unemployment to 7 percent is belied by the reality that a record high 91,541,000 of Americans are no longer in the labor force as of October, and the workforce participation rate is 63 percent, the lowest its been since 1978.
first, destroy the middle class, the foundation of the U.S. economy...
Millions of UK households will face "perilous" levels of debt when interest rates begin to rise, according to a think-tank focused on living standards. The number of people using more than half their disposable income to repay debt could rise from 600,000 to a 1.1 million by 2018 if interest rates rise to 3%, said the Resolution Foundation. If rates hit 5%, two million households would face huge repayments, it said.
then, create enormous debt that we cannot even afford to pay the interest on...
New ObamaCare fees coming in 2014
Here comes the ObamaCare tax bill. The cost of President Obama’s massive health-care law will hit Americans in 2014 as new taxes pile up on their insurance premiums and on their income-tax bills. Most insurers aren’t advertising the ObamaCare taxes that are added on to premiums, opting instead to discretely pass them on to customers while quietly lobbying lawmakers for a break.
Next, make the situation worse with impossible to pay taxes... (the government first requires us to buy insurance, and then turns around and taxes on it!!??!?!?!?!?)
Unemployment benefits for 1.3 million expire Saturday
Michelle Marshall is one of the 1.3 million long-term unemployed Americans who will lose jobless benefits Saturday. Marshall, 56, has been out of work for a year, since she lost an administrative assistant job that paid her $44,000 per year.
You now have an "army" of individuals dependent on handouts who are ready to riot with any hint of interruption of their "benefits".
Be prepared: Wall Street advisor recommends guns, ammo for protection in collapse
A top financial advisor, worried that Obamacare, the NSA spying scandal and spiraling national debt is increasing the chances for a fiscal and social disaster, is recommending that Americans prepare a “bug-out bag” that includes food, a gun and ammo to help them stay alive. David John Marotta, a Wall Street expert and financial advisor...said...“Firearms are the last item on the list, but they are on the list....
Homeland Security Preparing for the Next Wall Street Collapse?
The shadow financial casino has only grown larger since 2008; and in the next Lehman-style collapse, government bailouts may not be available. According to President Obama in his remarks on the Dodd-Frank Act on July 15, 2010, “Because of this reform, . . . there will be no more taxpayer funded bailouts – period.”
No comments:
Post a Comment