Hello,
Below are some important facts to be aware of.
Critical crisis looming ahead.
1 – For fiscal year 2011, the U.S. federal government had a budget deficit of nearly 1.3 trillion dollars. That was the third year in a row that our budget deficit has topped one trillion dollars.
2 – The balance sheet of the Federal Reserve has been ballooning like crazy. At this point, the Federal Reserve has very little capital backing a balance sheet that is well over 2 trillion dollars.
The following is how Michael Pento of Euro Pacific Capital describes the situation that the Fed is in….
Today, the Fed has $52.5 billion of capital backing a $2.7 trillion balance sheet.
Prior to the bursting of the credit bubble, the public was shocked to learn that our biggest investment banks were leveraged 30-to-1. When asset values fell, those banks were quickly wiped out. But now the Fed is holding many of the same types of assets and is leveraged 51-to-1! If the value of their portfolio were to fall by just 2%, the Fed itself would be wiped out.
3 – It is being estimated that it would take a total of 3 trillion euros to bail out all of the countries in Europe that are in imminent danger of financial implosion. Europe is heading for a gigantic financial crisis, and when it happens the United States is going to be dragged down as well.
4 – As the U.S. economy continues to decline, millions of American families are having a very hard time feeding themselves. Today, one out of every seven Americans is on food stamps and one out of every four American children is on food stamps.
5 – Freddie Mac says that it is going to need another $6 billion bailout from the federal government.
6 – Fannie Mae says that it is going to need another $7.8 billion bailout from the federal government.
7 – The total cost of just three federal government programs – the Department of Defense, Social Security and Medicare – exceeded the total amount of taxes brought in during fiscal 2010 by 10 billion dollars.
8 – According to U.S. Senator Bernie Sanders, the Federal Reserve made 16 trillion dollars in secret loans to big corporations, Wall Street banks, foreign nations and wealthy individuals during the financial crisis.
9 – 19% of all American men between the ages of 25 and 34 are living with their parents.
10 – America is rapidly getting poorer. Today, more than one out of every seven Americans is living in poverty and more than 20 million of them are considered to be living in extreme poverty.
11 – If you can believe it, during 2010 an average of 23 manufacturing facilities a day were shut down in the United States. Our economy is literally being gutted like a fish.
12 – According to Shadow Government Statistics, the "real" rate of unemployment in the United States is creeping up toward 25 percent.
13 – The Pension Benefit Guaranty Corporation (an agency of the federal government) says that it ran a deficit of $26 billion during the fiscal year that just ended and that it will probably need a bailout from the federal government.
14 – In the midst of everything else, the United States is bleeding national wealth like crazy. Tens of billions of dollars more goes out of this country each month than comes into it. Instead of improving, our trade deficit just keeps getting worse. For example, the U.S. trade deficit with China in 2010 was 27 times larger than it was back in 1990.
15 – The U.S. housing crash is a crisis that never seems to end. According to one source, approximately 28 percent of all home loans in the United States are currently "underwater". So what is going to happen if the economy gets even worse?
16 - Willem Buiter, chief economist at Citigroup: "Time is running out fast. I think we have maybe a few months — it could be weeks, it could be days — before there is a material risk of a fundamentally unnecessary default by a country like Spain or Italy which would be a financial catastrophe dragging the European banking system and North America with it."
17 - Jim Rogers: "In 2002 it was bad, in 2008 it was worse and 2012 or 2013 is going to be worse still – be careful"
18 - Mark Mobius, the head of the emerging markets desk at Templeton Asset Management: "There is definitely going to be another financial crisis around the corner"
19 - Gerald Celente, founder of The Trends Research Institute: "The whole system is going down. Pull your money out your Fidelity account, your Scwhab accout, and your ETFs."
20 - It is being projected that the U.S. national debt will hit 344% of GDP by the year 2050 if we continue on our current course.
21 - U.S. households are now receiving more income from the U.S. governmentthan they are paying to the government in taxes.
22 - According to a new study conducted by the BlackRock Investment Institute, the ratio of household debt to personal income in the United States is now 154 percent.
23 - One study found that approximately 41 percent of working age Americans either have medical bill problems or are currently paying off medical debt.
24 - According to a report published in The American Journal of Medicine, medical bills are a major factor in more than 60 percent of the personal bankruptcies in the United States. Of those bankruptcies that were caused by medical bills, approximately 75 percent of them involved individuals that actually did have health insurance.
25 - The cost of college tuition in the United States has gone up by over 900 percent since 1978.
26 - The total amount of student loan debt in the United States now exceedsthe total amount of credit card debt in the United States.
This will be the next bubble to burst.
27 - One-third of all college graduates end up taking jobs that don’t even require college degrees.
28 - In the United States today, there are more than 100,000 janitors that have college degrees.
29 - In the United States today, 317,000 waiters and waitresses have college degrees.
30 - In the United States today, approximately 365,000 cashiers have college degrees.
31 - The United States has had a negative trade balance every single yearsince 1976, and since that time the United States has run a total trade deficit of more than 7.5 trillion dollars with the rest of the world.
32 - The United States has lost an average of 50,000 manufacturing jobs per month since China joined the World Trade Organization in 2001.
33 - Today, the United States spends more than 4 dollars on goods and services from China for every one dollar that China spends on goods and services from the United States.
34 - In 2010, the number one U.S. export to China was "scrap and trash".
35 - Do you remember when the United States was the dominant manufacturer of automobiles and trucks on the globe? Well, in 2010 the U.S. ran a trade deficit in automobiles, trucks and parts of $110 billion.
36 - The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.
37 - Back in 1970, 25 percent of all jobs in the United States were manufacturing jobs. Today, only 9 percent of the jobs in the United States are manufacturing jobs.
38 - According to Professor Alan Blinder of Princeton University, 40 millionmore U.S. jobs could be sent offshore over the next two decades.
39 - If you gathered together all of the workers that are "officially" unemployed in the United States today, they would constitute the 68th largest country in the world.
40 - There are fewer payroll jobs in the United States right now than there were back in 2000 even though we have added 30 million extra people to the population since then.
41 - Half of all American workers now earn $505 or less per week.
42 - New home sales in the United States are now down 80% from the peak in July 2005.
43 - U.S. home values have fallen approximately 6 trillion dollars since the housing crisis first began.
44 - According to a Harris Interactive survey taken near the end of last year, 77 percent of all Americans are now living paycheck to paycheck. In 2007, the same survey found that only 43 percent of Americans were living paycheck to paycheck.
45 - In 1950, each retiree’s Social Security benefit was paid for by 16U.S. workers. According to new data from the U.S. Bureau of Labor Statistics, there are now only 1.75 full-time private sector workers for each person that is receiving Social Security benefits in the United States.
46 - More than 50 million Americans are now on Medicaid. Back in 1965, only one out of every 50 Americans was on Medicaid.
47 - Today, approximately one out of every 6 Americans is on Medicaid.
48 - More than 45 million Americans are now on food stamps.
49 - The percentage of millionaires in Congress is more than 50 times higherthan the percentage of millionaires in the general population.
50 - Our dollar is being systematically destroyed by the Federal Reserve. An item that cost $20.00 in 1970 will cost you $116.78 today. An item that cost $20.00 in 1913 will cost you $457.67 today.
51 - The Federal Reserve is a perpetual debt machine. Today, the U.S. national debt is more than 4700 times larger than it was when the Federal Reserve was created back in 1913.
52 - A secret panel of government officials can now put American citizens on a "kill list". A recent Reuters article explained that no law established this secret panel and that there are no laws which govern it…. There is no public record of the operations or decisions of the panel, which is a subset of the White House’s National Security Council, several current and former officials said. Neither is there any law establishing its existence or setting out the rules by which it is supposed to operate.
53 - It is on record that the federal government facilitated the sale of thousands upon thousands of very powerful guns to Mexican drug cartels. The Mexican government was never told about this operation. U.S. border agents have been shot with these guns, and these guns have been involved in dozens of murders already in Mexico. Mexican drug cartels will continue to kill people with these guns for many years to come. The Obama administration is working incredibly hard to cover up this scandal and the mainstream media is mostly ignoring the story.
54 - The United States has the highest incarceration rate in the world and the largest total prison population on the entire globe.
55 - According to one recent report, the EPA wants to hire 230,000 more bureaucrats that will help enforce all of the new greenhouse gas regulations that the EPA plans to implement.
56 - There are more than 3 million reports of child abuse in the United States every single year.
57 - In the United States today, it is estimated that one out of every four girls is sexually abused before they become adults.
58 - The United States has the highest divorce rate on the globe by a wide margin.
59 - Children in the United States are three times more likely to be prescribed antidepressants as children in Europe are.
60 - More pornography is created in the United States than anywhere else on the entire globe. 89 percent is made in the U.S.A. and only 11 percent is made in the rest of the world.
61 - According to NationMaster.com, the United States has the highest percentage of obese people in the world.
62 - Are American students getting dumber? This year, the average score on the verbal portion of the SAT was the lowest ever recorded.
63 - The United States has more people on pharmaceutical drugs than any other country on the planet. (How do you take over a country without invading them with troops? You destroy their food and get everyone on drugs.)
64 - One out of every four teen girls in the United States now has an STD.
65 - There are more reported rapes in the United States each year than anywhere else in the world.
66 - It was bad enough when the TSA was just abusing our families at the airports. Now, TSA "VIPR teams" are conducting approximately 8,000 "unannounced security screenings" a year at subway stations, bus terminals, ports and highway rest stops.
Peace, Health and Prosperity,
Barb Doyle, Sc.
I can't wait to hear what will happen for you!
http://empower.thisworks.biz