“Trumping” the Election!

trumpster1

Needless to say, I’ve made up MY mind about who to support in 2016. Provided he’s still a candidate. I’m really hoping the latter comes true.

Donald Trump has scored big with millions of Americans who have been looking for someone to give voice to their frustrations over the last decade. Imagine that! A candidate who tells it like it is and says what needs to be said! What a novel idea!

After major Republicans flubs in 2008 and 2012, why shouldn’t they?… How a candidate could lose to the absolute worst president in the history of the United States is beyond me! But, Mitt Romney managed to do so!

Along comes Donald Trump in 2015, seizing upon what he KNOWS Americans feel! No other politician would have the gall to take advantage of that! Of course, Trump isn’t a politician. Considering how BAD this country’s national disgust is with those that have been in charge for far too long, he is the right man at the right time.

As expected, the political class, pundits, and prognosticators are up in arms! There’s no way they’re going to stand by and allow someone who actually LISTENS to the people find his way to the White House. Their frustration lies in the fact that they just can’t seem to grasp the situation. Which is something anyone with common sense can figure out!

I’d like to defer to Rush Limbaugh’s analysis of the Trump saga as it continues to play out since the first Republican debate.. As usual, ‘the godfather’ lays it out in laymen’s terms and makes it crystal clear!….

“There’s a percentage of the population that is totally fed up with the political class, including the media. And they have wanted things said to people and about people for the people they’ve been voting for for years and they haven’t heard it. I mean, the media is not loved. The media in some cases is despised, and Trump is giving it right back to ’em in ways that many people in this country have dreamed of happening. And, as such, he comes off as refreshing….

There is real visceral anger over this amnesty BS. There is real visceral anger over what’s been done for the economy. There is real visceral anger over what is being done to the health care system via Obamacare. The reason they don’t know it is because they do not care to talk to the people who feel that way, so they never do features on them. They never go out and do man-on-the-street interviews with people like that.

Because they are interested in furthering the agenda that has made all of this happen. Now, they know there are gonna be some people that disagree with it, but they immediately relegate them to insignificant status. They’re either bitter clingers or they’re lunkheads or they’re small in number or they’re just old-fashioned ditties that don’t deal well with change or what have you. But they’re missing the real anger, and it’s been building.

The anger, you can see it in the midterm 2010, 2014 elections. There have been people have shown up in droves. The Democrats have lost over a thousand seats in those midterm elections, and part of those elections were Republicans being elected because the people voting for them wanted them to stop all of this, or at least try. And they don’t see any trying to stop it. They don’t see any effort being made, any serious effort to defund Planned Parenthood.

I think there’s some real outrage in this country over what has been learned, was always suspected but now what has been confirmed was going on in those abortion clinics. There’s real anger out there. And the one person that’s come along that’s tapped into it and that gives everybody the impression that he’s fully aware of it and agrees with them is Donald Trump. As such, he’s got a pretty wide berth here. He’s got a pretty big margin of error…”

“Visceral anger!”..That sums it up perfectly! Millions of Americans are simply fed up! And they have been waiting for YEARS to have a candidate that speaks to that! Say what you will about Trump..love him..hate him… He knows what he’s doing and offers the best chance to turn around the disastrous direction in which we’re currently headed. Sadly, most other  GOP options can’t come near dynamic enthusiasm Trump projects. And the strongest attraction?..He doesn’t give a DAMN about the media and political elites. And that frightens them! For me, that is a MAJOR advancement in taking control of a nation that seems to be SPIRALING out of control!

Advertisements

A Picture is worth a Thousand Words!

 

THEIR world…..

 

"Oh look...immigration "reform""!

“Oh look…immigration “reform””!

"Look!...Gay marriage!"

“Look!…Gay marriage!”

 

"Look!..climate change!"

“Look!..climate change!”

 

obama-pointing2

“Look..contraception!..”

 

"Look!..law abiding Americans have guns!"

“Look!..law abiding Americans have guns!”

YOUR world…a.k.a. THE REAL WORLD!

 

Red-Ink

 

 

76271_443600402349743_1339003670_n1

 

 

thumb.php

 

"We're the idiots that talked Marco Rubio into this sh*tty sham of an immigration bill!"

“We’re the idiots that talked Marco Rubio into this sh*tty sham of an immigration bill!”

 

underwater-six

Obama-Hillary-Benghazi-investigation-lies

 

 

IRS-Target-590-LI

 

 

k-bigpic3

 

 

obama-funnels-billions-to-united-nations-for-climate-change-gree-dollars-un-fraud

 

 

Michelle_MarieAntoinetteO

 

risingfoodprices3

 

 

green-energy-obama

 

 

taxpayer-obama-and-pelosi

 

 

 

illegalimgnocompromisesig1rp

 

article-1370199-0B6077E900000578-287_470x520

 

bilde

 

 

Great-Wallet-of-China

 

 

WHEN BARACK OBAMA MET VLADIMIR PUTIN

 

 

I could go on…but, I think you get the point….

The federal government has a long tradition of ignoring the REAL problems Americans face in their day to day lives. And though I applaud yesterday’s Supreme Court decisions, they will have little, if any impact, on the lives of most. Gay or straight.

We have a nation struggling with debt, unemployment, rising costs in nearly every sector, along with countless other valid, significant problems. And as long as President Obama and the Democrats can distract you with gay marriage, immigration, women’s reproduction, etc., etc., etc….you name it…then these troubles can be ignored. But the time will come when all of this comes tumbling down and we will be left to pick up the pieces…if we can.

Think about it!…

 

 

 

 

 

A Dose of Reality

 

 

 

zeroJobsImage2

 

We go through this each month. The unemployment numbers are released ( and later revised, often to make things appear even rosier!), the media trumpets the so called “improvement”, and those with a more realistic view are left to point out what should be obvious to everyone.

The numbers for April were no different. So we’re supposed to believe it’s now “down” to 7.5%. Good news for Mr. Obama (who was busy in Mexico blaming the United States for just about every one of that country’s ills) apparently. Well, The Economic Collapse Blog paints a more accurate picture….

WHERE IS THE RECOVERY? A HIGHER PERCENTAGE OF AMERICANS HAD JOBS THREE YEARS AGO!

“If you think that the latest employment numbers are good news, you might want to look again.  In April 2013, 58.6 percent of all working age Americans had a job.  But three years ago, in April 2010, 58.7 percent of all working age Americans had a job.  Well, you may argue, that is not much of a difference.  And that is precisely my point.  The percentage of Americans that have a job fell like a rock during the last recession.  It dropped from about 63 percent all the way down to below 59 percent, and it has stayed below 59 percent for 44 months in a row.  So where is the recovery?  This is the first time in the post-World War II era that the employment-population ratio has not bounced back after the end of a recession.  So anyone that tells you that we are experiencing an employment recovery is lying to you.  Yes, the U.S. economy added 165,000 jobs last month.  But it takes nearly that many jobs just to keep up with population growth.  The truth is that we are just treading water.

So why has the unemployment rate been going down?  Well, it is because the government has been pretending that millions upon millions of unemployed Americans “don’t want jobs” anymore.  In fact, an astounding 9.5 million Americans have “left the workforce” since Barack Obama took office.

Some in the mainstream media have started calling them “missing workers”.  But whatever label you want to use, the reality of the matter is that they are really hurting.  They are part of the reason why food stamp enrollment has soared from 32 million to more than 47 million while Barack Obama has been in the White House.

If you still believe that the employment market is getting better, just look at the following numbers.  The percentage of working age Americans with a job has been sitting at about the same level for four years in a row…

April 2008: 62.7 percent

April 2009: 59.8 percent

April 2010: 58.7 percent

April 2011: 58.4 percent

April 2012: 58.5 percent

April 2013: 58.6 percent

So why is everyone getting so excited over the latest numbers?  When you step back and look at what has happened to the employment-population ratio over the past decade it really is quite horrifying…

 

Employment-Population-Ratio-2013

 

 

So exactly what part of that chart are we supposed to get excited about?

Yes, I suppose that we should be thankful that the percentage of Americans with a job has not continued to decline over the past few years.  Unfortunately, the next major wave of the economic collapse is rapidly approaching and that is going to make our employment crisis far worse.

A recovery was supposed to already happen by now.  Now we are running out of time before the next major downturn strikes.

And things have been particularly hard for our young people.  Even if our young people do go to college, there is a very good chance that good jobs will not be waiting for them once they graduate.

According to Accenture’s 2013 College Graduate Employment Survey, 41 percentof all Millennials who graduated from college during the past two years are working in jobs that actually do not require a college degree.

And a different survey conducted a while back found that 53 percent of all college graduates under the age of 25 are either unemployed or underemployed.

Perhaps you have noticed this.  Perhaps you have noticed that there seems to be large numbers of young people that are living with their parents or that can’t seem to get their lives started.

It is because the economy is not producing enough jobs for them.

We have shipped millions of good jobs overseas, we have replaced millions of jobs with technology, and we have created an economic environment that is murdering our small businesses.

Sadly, the future does not look bright for the American worker.  The big corporations that dominate our society are feverishly trying to increase profits by getting rid of as many “expensive” American workers as possible.  That is one of the reasons why corporate profits as a percentage of GDP are at a record high, but wages as a percentage of GDP are at an all-time low.

At this point there are more than 101 million working age Americans that do not have a job, and that number is going to go a lot higher in the years ahead.

But the financial markets seem to be absolutely thrilled with the present state of affairs.  The latest employment numbers caused the Dow to shoot past 15,000 and the S&P 500 to push past 1600.

Of course stocks have become completely and totally divorced from economic reality, but this does happen from time to time and it never lasts forever.  At some point there will be a rude awakening.

And I anticipated that we could potentially see the Dow hit 15,000 before it finally crashed.  Back in February, I made the following statement…

Right now, everyone seems to be quite giddy about the fact that the Dow is marching toward an all-time high.  And I actually do believe that the Dow will blow right past it.  In fact, it is even possible that we could see the Dow hit 15,000 before everything starts falling apart.

Well, now we have seen the Dow hit 15,000.  But that doesn’t change any of the long-term trends that are absolutely eviscerating our economy.

So enjoy this bubble of false hope while you can.

It will not last much longer.

Will a robot take your job?  We have entered a period in human history when technology is advancing at an exponential rate.  In some ways, this has been a great blessing for humanity.  For example, I am absolutely blown away by all of the things that my little iPod can do.  But on the other hand, all of this technology is eliminating millions upon millions of high paying jobs.  In the past, I have written extensively about how millions of American jobs have been sent to the other side of the world, but now we may be moving into a time when workers all over the planet will be steadily losing jobs to super-efficient robots.  For employers, robots provide a lot of advantages to human workers.  Robots never complain, they never get tired, they never need vacation, they never show up late, they never waste time of Facebook, they don’t need any health benefits and there are a whole lot of rules, regulations and taxes that you must deal with when you hire a human worker.  In the past, robots were exceedingly expensive, and that limited their usefulness in the workplace, but as you will see later in this article that is rapidly changing.  As robots continue to become even more advanced and even less expensive, will there eventually come a point where the “human worker” is virtually obsolete?

Of course I can hear the objections already.  Many of you will insist that even though automation has always eliminated jobs in the past, it has also always created new jobs that were even better.  For instance, once upon a time most of the U.S. population worked on farms, but thanks to automation now hardly any of us do.

But what happens when we get to the point where super-intelligent robots are more efficient at everything?

What will be left for “human workers” to do?

And if human workers are no longer needed for most tasks, what will their role in society be?

Personally, I still complain about self-service check-in kiosks at airports and self-checkout lanes at supermarkets, but most people seem to have accepted them.  There are even many bank branches now that don’t have any humans in them at all.  The number of jobs where a human worker is absolutely “required” is dwindling all the time.

And a lot of the jobs that are disappearing thanks to advances in technology are fairly high paying jobs.  In fact, one recent study of employment data from 20 countries discovered that “almost all the jobs disappearing are in industries that pay middle-class wages, ranging from $38,000 to $68,000.”

As I mentioned earlier, in the past robots were simply far too expensive to perform most tasks.  So human workers had an advantage.

But that advantage is disappearing right in front of our eyes.  For example, one company has produced a new robot called “Baxter” that only costs $22,000.  The following is from an article about Baxter in the MIT Technology Review

Baxter was conceived by Rodney Brooks, the Australian roboticist and artificial-intelligence expert who left MIT to build a $22,000 humanoid robot that can easily be programmed to do simple jobs that have never been automated before.

Eventually, the goal is to produce versions of Baxter that will perform tasks even more cheaply than Chinese workers do…

Brooks’s company, Rethink Robotics, says the robot will spark a “renaissance” in American manufacturing by helping small companies compete against low-wage offshore labor. Baxter will do that by accelerating a trend of factory efficiency that’s eliminated more jobs in the U.S. than overseas competition has. Of the approximately 5.8 million manufacturing jobs the U.S. lost between 2000 and 2010, according to McKinsey Global Institute, two-thirds were lost because of higher productivity and only 20 percent moved to places like China, Mexico, or Thailand.

The ultimate goal is for robots like Baxter to take over more complex tasks, such as fitting together parts on an electronics assembly line. “A couple more ticks of Moore’s Law and you’ve got automation that works more cheaply than Chinese labor does,” Andrew McAfee, an MIT researcher, predicted last year at a conference in Tucson, Arizona, where Baxter was discussed.

So it won’t just be American workers that will be displaced by robots – it will literally be workers all over the planet.

In the future, when you call someone for customer service you probably won’t be talking to someone in India.  Instead, you will probably be talking to a robot.  In fact, this transition is already starting to happen…

IPsoft is a young company started by Chetan Dube, a former mathematics professor at New York University. He reckons that artificial intelligence can take over most of the routine information-technology and business-process tasks currently performed by workers in offshore locations. “The last decade was about replacing labour with cheaper labour,” says Mr Dube. “The coming decade will be about replacing cheaper labour with autonomics.”

IPsoft’s Eliza, a “virtual service-desk employee” that learns on the job and can reply to e-mail, answer phone calls and hold conversations, is being tested by several multinationals. At one American media giant she is answering 62,000 calls a month from the firm’s information-technology staff. She is able to solve two out of three of the problems without human help. At IPsoft’s media-industry customer Eliza has replaced India’s Tata Consulting Services.

Even some of the largest companies in China are starting to make the transition from human workers to robots.  The following is from a recent TechCrunch article

Foxconn has been planning to buy 1 million robots to replace human workers and it looks like that change, albeit gradual, is about to start.

The company is allegedly paying $25,000 per robot – about three times a worker’s average salary – and they will replace humans in assembly tasks. The plans have been in place for a while – I spoke to Foxconn reps about this a year ago – and it makes perfect sense. Humans are messy, they want more money, and having a half-a-million of them in one factory is a recipe for unrest. But what happens after the halls are clear of careful young men and women and instead full of whirring robots?

So what will the world look like as robots begin to replace humans in just about every industry that you can imagine?

A recent Wired article described what this transition might look like…

First, machines will consolidate their gains in already-automated industries. After robots finish replacing assembly line workers, they will replace the workers in warehouses. Speedy bots able to lift 150 pounds all day long will retrieve boxes, sort them, and load them onto trucks. Fruit and vegetable picking will continue to be robotized until no humans pick outside of specialty farms. Pharmacies will feature a single pill-dispensing robot in the back while the pharmacists focus on patient consulting. Next, the more dexterous chores of cleaning in offices and schools will be taken over by late-night robots, starting with easy-to-do floors and windows and eventually getting to toilets. The highway legs of long-haul trucking routes will be driven by robots embedded in truck cabs.

All the while, robots will continue their migration into white-collar work. We already have artificial intelligence in many of our machines; we just don’t call it that. Witness one piece of software by Narrative Science (profiled in issue 20.05) that can write newspaper stories about sports games directly from the games’ stats or generate a synopsis of a company’s stock performance each day from bits of text around the web. Any job dealing with reams of paperwork will be taken over by bots, including much of medicine. Even those areas of medicine not defined by paperwork, such as surgery, are becoming increasingly robotic. The rote tasks of any information-intensive job can be automated. It doesn’t matter if you are a doctor, lawyer, architect, reporter, or even programmer: The robot takeover will be epic.

I don’t know about you, but the phrase “robot takeover” is not exactly comforting.

Perhaps I just watch too many movies.

In any event, as technology advances there will eventually be very few jobs that robots cannot perform.  In fact, you might be surprised to learn some of the things that robots are already doing.  The following is from a recent Yahoo News article

Google and Toyota are rolling out cars that can drive themselves. The Pentagon deploys robots to find roadside explosives in Afghanistan and wages war from the air with drone aircraft. North Carolina State University this month introduced a high-tech library where robots — “bookBots” — retrieve books when students request them, instead of humans. The library’s 1.5 million books are no longer displayed on shelves; they’re kept in 18,000 metal bins that require one-ninth the space.

So what will the 3.1 million Americans that drive trucks do for a living once robots are driving all of our trucks?

What will the 573,000 Americans that drive buses do for a living once robots are driving all of our buses?

 

 

Robots-11322056582_xlarge

And eventually even our skies may be filled with robotic drones that are busy performing one task or another.  Just check out what a recent Time Magazine article had to say about the emerging drone industry…

But the drone industry is ramping up for a big landgrab the moment the regulatory environment starts to relax. At last year’s Association for Unmanned Vehicle Systems International (AUVSI) trade show in Las Vegas, more than 500 companies pitched drones for filming crowds and tornados and surveying agricultural fields, power lines, coalfields, construction sites, gas spills and archaeological digs. A Palo Alto, Calif., start-up called Matternet wants to establish a network of drones that will transport small, urgent packages, like those for medicine.

In other countries civilian drone populations are already booming. Aerial video is a major application. A U.K. company called Skypower makes the eight-rotored Cinipro drone, which can carry a cinema-quality movie camera. In Costa Rica they’re used to study volcanoes. In Japan drones dust crops and track schools of tuna; emergency workers used one to survey the damage at Fukushima. A nature preserve in Kenya ran a crowdsourced fundraising drive to buy drones to watch over the last few northern white rhinos. Ironically, while the U.S. has been the leader in sending drones overseas, it’s lagging behind when it comes to deploying them on its own turf.

Unfortunately, many people will not understand what I am really trying to get at in this article.

They will just say something like this: “Well, they are going to need someone to build all of those robots.”

Even if that is true, they won’t need hundreds of millions of us to build them.

No, the truth is that when human workers become “obsolete”, those that dominate society with technology will look at the rest of us as “useless eaters” that are not contributing anything to society at all.

Already, there are many economists that are warning that advancements in technology are steadily reducing “the natural employment rate”.

And we are already seeing this happen in the United States.  As I wrote about the other day, the percentage of the labor force that is employed has declined every single year since 2006…

2006: 63.1

2007: 63.0

2008: 62.2

2009: 59.3

2010: 58.5

2011: 58.4

In January, only 57.9 percent of the civilian labor force was employed.

Of course there are certainly a lot of factors involved in why those numbers are declining, but without a doubt technology is playing a role.

So what do we do with all of the workers that are being displaced?

Are we just going to put everybody on food stamps?

Will the gap between the rich and the poor grow even larger than it is today?

Will most people eventually become dependent on the government in order to survive?

We are moving into uncharted territory, and nobody is quite sure what comes next.

As time goes by, robots will even start to look more like us.  In fact, this is already starting to happen.  Just check out the following description of a “bionic man” that has been created from a recent article in the Guardian

He cuts a dashing figure, this gentleman: nearly seven feet tall, and possessed of a pair of striking brown eyes. With a fondness for Ralph Lauren, middle-class rap and sharing a drink with friends, Rex is, in many ways, an unexceptional chap.

Except that he is, in fact, a real-world bionic man. Housed within a frame of state-of-the-art prosthetic limbs is a functional heart-lung system, complete with artificial blood pumping through a network of pulsating modified-polymer arteries. He has a bionic spleen to clean the blood, and an artificial pancreas to keep his blood sugar on the level. Behind the deep brown irises are a pair of retinal implants, giving him a vista of the crowds of curious humans who meet his gaze.

He even has a degree of artificial intelligence: talk to him, and he’ll listen (through his cochlear implants), before using a speech generator to respond.

As robots become more like us, will we eventually become more like them?

Will we be told that we must “merge with the machines” in order to keep up and be useful in society?

As we rapidly approach the “technological singularity” that futurist Ray Kurzweil and others have talked about, will humans increasingly seek to “enhance” themselves with technology in an attempt to “get an edge”?

What will happen to those of us that refuse to “merge with the machines” and that refuse to “enhance ourselves” with technology?

Will we be outcasts?…”

This is just part of the big picture in Obama’s America….I can, without a doubt, say that I have never been more ashamed of any President than Barack Obama. Period.
AntiObamaUSA_bigger

“A picture is worth a thousand words…”

I’m not sure if a thousand words per picture is sufficient, when it comes to Barack Obama. Nevertheless, these are PERFECT examples of the point of this post!…I’m sure you will agree!

THE REAL WORLD!…..

Mr. Obama shares is concerns….on ‘David Letterman’……

“That’s right, Dave…The stupid people in this country are more than willing to grant me second term…I have a hard time believing it but people REALLY ARE a bunch of dumbasses..and they believe the shit coming from me…”

I mean..come on!…How can we expect Barack Obama to concern himself with world tensions..spiraling debt..record unemployment?! He has more IMPORTANT things to do…like hanging out with David Letterman…schmoozing with Beyonce..or shootin’ the sh*t with JayZ!…He can’t be bothered with being “the President”! What are you thinking?!!!

All is lost!…or is it?….

Seems like we’re entering another attitude downturn….as if we haven’t been in one for years…It’s just that there is no “good” news any more….It’s sad. It’s sad that common sense is virtually non existent. And those that purport to be the ones in the know are the ones most lacking.

We have a President in this country that goes out of his way to engage and expand on policy behavior that is so OBVIOUSLY wrong! We have government officials…whether elected or not…that absolutely REFUSE to consider the consequences of their actions. Recently the 9th Circuit Court of Appeals responded to criticism of their costly and unnecessary conference in Hawaii with a big ol’ middle finger! We have an Attorney General whose indignant and aloof approach to his department’s actions should be sufficient for his immediate dismissal.

 

“Hey!…screw you!…we’ll spend your taxpayer dollars how we see fit!…”

 

 

We have a European economy about to implode, while the senseless citizens of France have decided they’re going to tax the hell out everyone as an answer to their financial woes. Meanwhile Greece can’t seem to make up it’s mind about whether to stay in the European Union or not. It’s as if they want to be a member of the club while refusing to pay the dues…PLUS expecting everyone else to pay their bills. Spain is a lost cause. It’s a wonder they’re still functioning.

On the other side of the world, the Chinese are steadfast in the expansion of their military. Combine that with the hotheaded Vladimir Putin and President Obama’s attempt at leaving the U.S. with only a BB gun to defend itself and its interests, and you’ve got a recipe for trouble.

Well, the fellas at The Economic Collapse don’t see much to cheer about either….Here’s the latest:

Oh Crud! 19 Reasons Why It Is Time To Start Freaking Out About The Global Economy

Yes, it is officially time to start freaking out about the global economy.  The European financial system is falling apart and it is going to go down hard.  If Europe was going to be saved it would have happened by now.  The big money insiders have already pulled their funds from vulnerable positions and they are ready to ride the coming chaos out.   Over the next few months the slow motion train wreck currently unfolding in Europe will continue to play out and things will likely really start really heating up in the fall once summer vacations are over.  Most Americans greatly underestimate how much Europe can affect the global economy.  Europe actually has a larger population than the United States does.  Europe also has a significantly larger economy and a much larger banking system.  The world is more interconnected today than ever before, and a collapse of the financial system in Europe will cause a massive global recession.  Once the global economy slides into another major recession, it is going to take years to recover.  The pain is going to be immense.  Yes, that is going to include the United States.  Sadly, we never recovered from the last recession, and it is frightening to think about how much farther this next recession is going to knock us down.

The big problem is that there is simply way, way, way too much debt in the United States and Europe.  It has been a lot of fun spending all of this borrowed money, but now we get to pay the price.

The following are 19 reasons why it is time to start freaking out about the global economy….

#1 The yield on 10 year Italian bonds has now risen to more than 6 percent.

#2 The yield on 10 year Spanish bonds has now risen to more than 7 percent.  This is considered to be an unsustainable level.

#3 Citigroup Chief Economist Willem Buiter says that both Italy and Spain are going to need major bailouts.

#4 The Spanish banking crisis continues to get worse.  The following is from a CNN article that was posted on Monday….

But the depth of the nation’s crisis has raised doubts about whether €100 billion will be enough to recapitalize the banks. For example, the Bank of Spain, the nation’s central bank, released data Monday showing that “doubtful” loans — those that are more than 3 months overdue — rose to €152.7 billion in April, equal to 8.7% of all the loans held by the nation’s banks.

#5 Unemployment in Spain is sitting at a record high of over 24 percent with no hope in sight.

#6 Unemployment in the eurozone as a whole has hit a brand new all-time record high.

#7 The socialists won an outright majority in the recent parliamentary elections in France.  That means that France and Germany are now headed in completely different directions.  The close cooperation that we have seen between France and Germany in recent years is now over.

#8 New French President Francois Hollande has promised to implement a top tax rate of 75 percent on those making over 1 million euros a year.

#9 German Chancellor Angela Merkel has declared that Germany will not budge at all on the terms of the Greek bailout.

#10 Analysts at Citigroup Global Markets are projecting that the odds of Greece leaving the euro over the next 12 to 18 months are still between 50 and 75 percent.

#11 Money is being transferred from banks in southern Europe to banks in northern Europe at an astounding pace….

Financial advisers and private bankers whose clients have accounts too large to be covered by a Europe-wide guarantee on deposits up to 100,000 euros ($125,000), are reporting a “bank run by wire transfer” that has picked up during May.

Much of this money has headed north to banks in London, Frankfurt and Geneva, financial advisers say.

“It’s been an ongoing process but it certainly picked up pace a couple of weeks ago We believe there is a continuous 2-3 year bank run by wire transfer,” said Lorne Baring, managing director at B Capital, a Geneva-based pan European wealth management firm.

#12 As I wrote about recently, about 500 million euros a day has been pulled out of Greek banks so far this month.

#13 The Bank for International Settlements is warning that global lending is contracting at the fastest rate that we have seen since the end of the last financial crisis.

#14 Lloyd’s of London has publicly admitted that it is making preparations for a collapse of the eurozone.

#15 Government debt levels all over the industrialized world have exploded in recent years.  The following is from a recent article by Stephen Lendman….

Five years ago, OECD countries sovereign debt/GDP ratios were 70%. Today it’s 106% and rising.

Anything over 100% is considered to be an extremely dangerous level.

#16 The economic problems in Europe are already taking a toll on the U.S. economy.  At this point U.S. exports to Europe are way down.

#17 One recent poll found that 75 percent of Americans are either “very or somewhat worried” that the U.S. economy is heading for another recession.

#18 Under Barack Obama, the United States has been indulging in a debt binge unlike anything ever seen in U.S. history.  The following is from a recent Forbes article….

After just one year of the Obama spending binge, federal spending had already rocketed to 25.2% of GDP, the highest in American history except for World War II.  That compares to 20.8% in 2008, and an average of 19.6% during Bush’s two terms.  The average during President Clinton’s two terms was 19.8%, and during the 60-plus years from World War II until 2008 — 19.7%.  Obama’s own fiscal 2013 budget released in February projects the average during the entire 4 years of the Obama Administration to come in at 24.4% in just a few months.  That budget shows federal spending increasing from $2.983 trillion in 2008 to an all time record $3.796 trillion in 2012, an increase of 27.3%.

Moreover, before Obama there had never been a deficit anywhere near $1 trillion.  The highest previously was $458 billion, or less than half a trillion, in 2008. The federal deficit for the last budget adopted by a Republican controlled Congress was $161 billion for fiscal year 2007.  But the budget deficits for Obama’s four years were reported in Obama’s own 2013 budget as $1.413 trillion for 2009, $1.293 trillion for 2010, $1.3 trillion for 2011, and $1.327 trillion for 2012, four years in a row of deficits of $1.3 trillion or more, the highest in world history.

#19 Barack Obama almost seems more focused on his golf game than on the problems the global economy is having.  He just finished up playing his 100th round of golf since he became president.

If you are looking for some kind of a global financial miracle you can stop watching.

If European leaders had a master plan to save Europe they would have shown it by now.

If Barack Obama had a master plan to fix things he would have implemented it by now.

If the Federal Reserve had a master plan to fix things we would have seen it by now.

The entire house of cards is starting to come down and things are going to get really messy.

A lot of people both in the United States and in Europe are going to lose their jobs and their homes over the next few years.

It is likely that the next recession will be even more painful than the last one was.

Now is not the time to panic.  If you acknowledge what is coming and prepare accordingly then you will likely be in good shape.

But if you stick your head in the sand and pretend that everything is going to be okay then the next few years will likely be incredibly painful for you.

“I’m too busy enjoying myself to give a sh*t!”

The REAL World!….

Not a good week, was it Mr. President?…..Reality sorta sneaks up on you!

While former President Clinton excuses himself for endorsing the extension of the “Bush tax cuts”, and ABC News (just like most of the lame stream media) makes excuses for the misfortunes of the Democrats (“Incoming! The Potential Campaign Torpedoes Beyond Obama’s Control”), our friends at the Economic Collapse blog have some harsh facts these guys absolutely REFUSE to acknowledge:

The U.S. Economy By The Numbers: 70 Facts That Barack Obama Does Not Want You To See

Why is the economy going to collapse? Have you ever been asked that question? If so, what did you say? Sometimes it is difficult to communicate dozens of complicated economic and financial concepts in a package that the average person on the street can easily digest. It can be very frustrating to know that something is true but not be able to explain it clearly to someone else. Hopefully many of you out there will find the list below useful. It is a list of 70 numbers that show why we are headed for a national economic nightmare. So why does the title of the article

single out Barack Obama? Well, it is because right now he is the biggest cheerleader for the economy. He is attempting to convince all of us that everything is just fine and that the economy is heading in a positive direction. Well, the truth is that everything is not fine and things are about to get a whole lot worse. Certainly others should share in the blame as well. Congress has been steering the economy in the wrong direction for decades, the “too big to fail” banks have turned Wall Street into a pyramid of risk, leverage and debt, and the Federal Reserve has more power over the financial system than anyone else does. Our economy has been in decline for quite a while now, and soon we are going to smash directly into an economic brick wall. Unfortunately, a lot of Americans are in denial about this. A lot of people out there doubt that an economic collapse is coming. Well, if you know someone that believes that the U.S. economy is going to be “just fine”, just show them the list below.

The following are 70 facts that Barack Obama does not want you to see….

$3.59 – When Barack Obama entered the White House, the average price of a gallon of gasoline

was $1.85. Today, it is $3.59. 22 – It is hard to believe, but today the poverty rate for children living in the United States is a

whopping 22 percent. 23 – According to U.S. Representative Betty Sutton, an average of 23 manufacturing facilities

permanently shut down in the United States every single day during 2010. 30 – Back in 2007, about 10 percent of all unemployed Americans had been out of work for 52

weeks or longer. Today, that number is above 30 percent. 32 – The amount of money that the federal government gives directly to Americans has

increased by 32 percent since Barack Obama entered the White House. 35 – U.S. housing prices are now down a total of 35 percent from the peak of the housing

bubble. 40 – The official U.S. unemployment rate has been above 8 percent for 40 months in a row.

42 – According to one survey, 42 percent of all American workers are currently living paycheck to paycheck.

48 – Shockingly, at this point 48 percent of all Americans are either considered to be “low income” or are living in poverty.

49 – Today, an astounding 49.1 percent of all Americans live in a home where at least one

person receives benefits from the government. 53 – Last year, an astounding 53 percent of all U.S. college graduates under the age of 25 were

either unemployed or underemployed. 60 – According to a recent Gallup poll, only 60 percent of all Americans say that they have

enough money to live comfortably.

61 – At this point the Federal Reserve is essentially monetizing much of the U.S. national debt. For example, the Federal Reserve bought up approximately 61 percent of all government debt issued by the U.S. Treasury Department during 2011.

63 – One recent survey found that 63 percent of all Americans believe that the U.S. economic model is broken.

71 – Today, 71 percent of all small business owners believe that the U.S. economy is still in a recession.

80 – Americans buy 80 percent of the pain pills sold on the entire globe each year. 81 – Credit card debt among Americans in the 25 to 34 year old age bracket has risen by 81

percent since 1989. 85 – 85 percent of all artificial Christmas trees are made in China.

86 – According to one survey, 86 percent of Americans workers in their sixties say that they will continue working past their 65th birthday.

90 – In the United States today, the wealthiest one percent of all Americans have a greater net worth than the bottom 90 percent combined.

93 – The United States now ranks 93rd in the world in income inequality. 95 – The middle class continues to shrink – 95 percent of the jobs lost during the last recession

were middle class jobs.

107 – Each year, the average American must work 107 days just to make enough money to pay local, state and federal taxes.

350 – The average CEO now makes approximately 350 times as much as the average American worker makes.

400 – According to Forbes, the 400 wealthiest Americans have more wealth than the bottom 150 million Americans combined.

$500 – In some areas of Detroit, Michigan you can buy a three bedroom home for just $500. 627 – In 2010, China produced 627 million metric tons of steel. The United States only

produced 80 million metric tons of steel.

877 – 20,000 workers recently applied for just 877 jobs at a Hyundai plant in Montgomery, Alabama.

900 – Auto parts exports from China to the United States have increased by more than 900 percent since the year 2000.

$1580 – When Barack Obama first took office, an ounce of gold was going for about $850. Today an ounce of gold costs more than $1580 an ounce.

1700 – Consumer debt in America has risen by a whopping 1700% since 1971.

2016 – It is being projected that the Chinese economy will be larger than the U.S. economy by the year 2016.

$4155 – The average American household spent a staggering $4,155 on gasoline during 2011. $4300 – The amount by which real median household income has declined since Barack

Obama entered the White House. $6000 – If you can believe it, the median price of a home in Detroit is now just $6000.

$10,000 – According to the Employee Benefit Research Institute, 46 percent of all American workers have less than $10,000 saved for retirement, and 29 percent of all American workers have less than $1,000 saved for retirement.

49,000 – In 2011, our trade deficit with China was more than 49,000 times larger than it was back in 1985.

50,000 – The United States has lost an average of approximately 50,000 manufacturing jobs a month since China joined the World Trade Organization in 2001.

56,000 – The United States has lost more than 56,000 manufacturing facilities since 2001. $85,000 – According to the New York Times, a Jeep Grand Cherokee that costs $27,490 in the

United States costs about $85,000 in China thanks to all the tariffs.

$175,587 – The Obama administration spent $175,587 to find out if cocaine causes Japanese quail to engage in sexually risky behavior.

$328,404 – Over the next 75 years, Medicare is facing unfunded liabilities of more than 38 trillion dollars. That comes to $328,404 for each and every household in the United States.

$361,330 – This is what the average banker in New York City made in 2010. 440,00 – If the federal government began right at this moment to repay the U.S. national debt at

a rate of one dollar per second, it would take over 440,000 years to totally pay it off. 500,000 – According to the Economic Policy Institute, America is losing half a million jobs to

China every single year.

2,000,000 Family farms are being systematically wiped out of existence in the United States. According to the U.S. Department of Agriculture, the number of farms in the United States has fallen from about 6.8 million in 1935 to only about 2 million today.

$2,000,000 – At this point, the U.S. national debt is rising by more than 2 million dollars every single minute.

2,600,000 – In 2010, 2.6 million more Americans fell into poverty. That was the largest increase that we have seen since the U.S. government began keeping statistics on this back in 1959.

5,400,000 – When Barack Obama first took office there were 2.7 million long-term unemployed Americans. Today there are twice as many.

16,000,000 – It is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.

$20,000,000 – The amount of money the U.S. government was spending to create a version of Sesame Street for children in Pakistan.

25,000,000 – Today, approximately 25 million American adults are living with their parents. 40,000,000 – According to Professor Alan Blinder of Princeton University, 40 million more U.S.

jobs could be sent offshore over the next two decades if current trends continue.

46,405,204 – The number of Americans currently on food stamps. When Barack Obama first entered the White House there were only 32 million Americans on food stamps.

88,000,000 – Today there are more than 88 million working age Americans that are not employed and that are not looking for employment. That is an all-time record high.

100,000,000 – Overall, there are more than 100 million working age Americans that do not currently have jobs.

$150,000,000 – This is approximately the amount of money that the Obama administration and the U.S. Congress are stealing from future generations of Americans every single hour.

$2,000,000,000 – The amount of money that JP Morgan has admitted that it will lose from derivatives trades gone bad. Many analysts are convinced that the real number will actually end up being much higher.

$147,000,000,000 – In the U.S., medical costs related to obesity are estimated to be approximately 147 billion dollars a year.

295,500,000,000 – Our trade deficit with China in 2011 was $295.5 billion. That was the largest trade deficit that one country has had with another country in the history of the planet.

$359,100,000,000 – During the first quarter of 2012, U.S. public debt rose by 359.1 billion dollars. U.S. GDP only rose by 142.4 billion dollars.

$454,000,000,000 – During fiscal 2011, the U.S. government spent over 454 billion dollars just on interest on the national debt.

$1,000,000,000,000 – The total amount of student loan debt in the United States recently surpassed the one trillion dollar mark.

$1,170,000,000,000 – China now holds approximately 1.17 trillion dollars of U.S. government debt. Yet the U.S. government continues to send them millions of dollars in foreign aid every year.

$1,600,000,000,000 – The amount that has been added to the U.S. national debt since the Republicans took control of the U.S. House of Representatives. This is more than the first 97 Congresses added to the national debt combined.

$5,000,000,000,000 – The U.S. national debt has risen by more than 5 trillion dollars since the day that Barack Obama first took office. In a little more than 3 years Obama has added more to the national debt than the first 41 presidents combined.

$5,000,000,000,000 – What the real U.S. budget deficit in 2011 would have been if the federal government had used generally accepted accounting principles.

$11,440,000,000,000 – The total amount of consumer debt in the United States. $15,734,596,578,458.59 – The U.S. national debt as of June 7, 2012.

$200,000,000,000,000 – Today, the 9 largest banks in the United States have a total of more than 200 trillion dollars of exposure to derivatives. When the derivatives market completely collapses there won’t be enough money in the entire world to fix it.

Boggles the mind, doesn’t it?….

Matt Welch @ Reason.com has a great piece out..and the title alone is PERFECT advice for Mr. Obama and the Democrats:

GET SERIOUS ABOUT GOVERNING, DEMOCRATS!

Check it out! Definitely worth your time!….In the meantime, the Wisconsin fall out continues…and November 6 looms ever closer….