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The U.S. economy is dying and we are heading for the next Great Depression. The talking heads in the mainstream media love to spin the economic numbers around and around and they love to make it sound like the economy is improving, but the truth is that it doesn’t take a genius to see what is happening to the U.S. economic system. All over the nation many of our greatest cities are being slowly but surely transformed into post-apocalyptic wastelands. All over the mid-Atlantic, all along the Gulf coast, all throughout the “rust belt” and all over the entire state of California cities that once had incredibly vibrant economies are being turned into rotting, post-industrial hellholes.
If you still live in an area of the United States that is prosperous, do not mock the cities that you are about to read about. The cold, hard reality of the matter is that economic decline and economic despair are spreading rapidly and they will come to your area soon enough.
In the city of Detroit today, there are over 33,000 abandoned houses, 70 schools are being permanently closed down, the mayor wants to bulldoze one-fourth of the city and you can literally buy a house for one dollar in the worst areas.
At the height of the economic downturn, the mayor of Detroit admitted that while the “official” unemployment rate in Detroit was about 27 percent, the “real” unemployment rate in his city was actually somewhere around 50 percent.
In a recent article entitled “City of Ruins“, Chris Hedges did an amazing job of documenting the horrific decline of Camden. Hedges estimates that the real rate of unemployment in Camden is somewhere around 30 to 40 percent,
20 percent of the residents of Los Angeles County are now receiving public aid of one form or another.
Originally posted by Whereweheaded
reply to post by NeverApologize
All of this reminds me of that old movie called " Mad Max". Survival of the fittest in a barren waste land.
Originally posted by babybunnies
reply to post by Whereweheaded
Proverbial boots are already on, have been since 2008.
(Civil War, Great Depression, WWII, Vietnam, Gas Crisis 1970s style, S&L, Recession 1990s, dot-com bubble burst, 9-11, ENRON, etc.
Originally posted by Whereweheaded
reply to post by GhostLancer
(Civil War, Great Depression, WWII, Vietnam, Gas Crisis 1970s style, S&L, Recession 1990s, dot-com bubble burst, 9-11, ENRON, etc.
But one thing your failing to identify is the fact that during the above listed items, we didn't have such an excessive amount of debt, further we didn't have a fed chairman who increased the cash into circulation like we do now. Having the amount of cash from printing presses as we do now doesnt even scratch the surface of the numbers of yesterday.
Further, you suggest that we attack China to implement " Freedom " to their country? Let me ask you, if you live in the US, just how free do you really think you are? Think about that for a moment. Do you think you really are free in the US?
Lastly, do honestly think China is capable of having a free society? Think hard on that one.