Digging Into the Financial Situation in the US

Stock Market October 2014

In the first 9 minutes that the stock market was open today, the market fell 360 points. The market was been very volatile lately and this week it hasn’t calmed down at all. There were periodicla breaking news alerts that went out throughout the day to announce the drastic drops and partial rebounds.

But what about taking a deeper look at what is happening with the economy. I was just reading an article and wanted to share an excerpt from it. I’ll also include the link at the bottom of the page to read the full article – I really enjoy articles by Michael Snyder and he usually provides plenty of links to more details about the points he includes in his pieces.

9 Ominous Signals Coming From The Financial Markets That We Have Not Seen In Years

The following are 9 ominous signals coming from the financial markets that we have not seen in years…

#1 By the time the markets closed on Monday, we had witnessed the biggest three day decline for U.S. stocks since 2011.

#2 On Monday, the S&P 500 moved below its 200 day moving average for the first time in about two years.  The last time this happened after such an extended streak of success, the S&P 500 ended up declining by a total of 22 percent.

#3 This week the put-call ratio actually moved higher than it was at any point during the collapse of Lehman Brothers in 2008.  This is an indication that there is a tremendous amount of fear on Wall Street right now.

#4 Everybody is watching the VIX at the moment.  According to the Economic Policy Journal, the VIX has now risen to the highest level that it has been since the heart of the European debt crisis.  This is another indicator that there is extraordinary fear on Wall Street…

US stock market volatility has jumped to the highest since the eurozone debt crisis, according to a closely watched index, the the CBOE Vix index of implied US share price volatility.

It jumped to 24.6 late on Monday and is up again this morning. On Thursday, it was as low as 15.

That’s a very strong move, but things have been much worse. At height of the recent financial crisis – the Vix index peaked at 80.1 in November 2008.

Could we get there again? Yeah.

#5 The price of oil is crashing.  This also happened in 2008 just before the financial crisis erupted.  At this point, the price of oil is now the lowest that it has been in more than two years.

#6 As Chris Kimble has pointed out, the chart for the Dow has formed a “Doji Star topping pattern”.  We also saw this happen in 2007.  Could this be an indication that we are on the verge of another stock market crash similar to what happened in 2008?

#7 Canadian stocks are actually doing even worse than U.S. stocks.  At this point, Canadian stocks have already dropped more than 10 percent from the peak of the market.

#8 European stocks have also had a very rough month.  For example, German stocks have already dropped about 10 percent since July, and there are growing concerns about the overall health of the German economy.

#9 The wealthy are hoarding cash and precious metals right now.  In fact, one British news report stated that sales of gold bars to wealthy customers are up 243 percent so far this year.

So what comes next?

To read the full article, visit – http://www.dcclothesline.com/2014/10/15/9-ominous-signals-coming-financial-markets-seen-years/

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40 ‘Frightening’ Facts On The Fall Of The US Economy

Reblogged from – http://www.zerohedge.com/news/2013-05-27/40-frightening-facts-fall-us-economy

Submitted by Michael Snyder of The Economic Collapse blog,

40 Statistics About The Fall Of The U.S. Economy That Are Almost Too Crazy To Believe

If you know someone that actually believes that the U.S. economy is in good shape, just show them the statistics in this article.  When you step back and look at the long-term trends, it is undeniable what is happening to us.  We are in the midst of a horrifying economic decline that is the result of decades of very bad decisions.  30 years ago, the U.S. national debt was about one trillion dollars.  Today, it is almost 17 trillion dollars.  40 years ago, the total amount of debt in the United States was about 2 trillion dollars.  Today, it is more than 56 trillion dollars.  At the same time that we have been running up all of this debt, our economic infrastructure and our ability to produce wealth has been absolutely gutted.  Since 2001, the United States has lost more than 56,000 manufacturing facilities and millions of good jobs have been shipped overseas.  Our share of global GDP declined from 31.8 percent in 2001 to 21.6 percent in 2011.  The percentage of Americans that are self-employed is at a record low, and the percentage of Americans that are dependent on the government is at a record high.  The U.S. economy is a complete and total mess, and it is time that we faced the truth.

The following are 40 statistics about the fall of the U.S. economy that are almost too crazy to believe…

#1 Back in 1980, the U.S. national debt was less than one trillion dollars.  Today, it is rapidly approaching 17 trillion dollars…

#2 During Obama’s first term, the federal government accumulated more debt than it did under the first 42 U.S presidents combined.

#3 The U.S. national debt is now more than 23 times larger than it was when Jimmy Carter became president.

#4 If you started paying off just the new debt that the U.S. has accumulated during the Obama administration at the rate of one dollar per second, it would take more than 184,000 years to pay it off.

#5 The federal government is stealing more than 100 million dollars from our children and our grandchildren every single hour of every single day.

#6 Back in 1970, the total amount of debt in the United States (government debt + business debt + consumer debt, etc.) was less than 2 trillion dollars.  Today it is over 56 trillion dollars…

#7 According to the World Bank, U.S. GDP accounted for 31.8 percent of all global economic activity in 2001.  That number dropped to 21.6 percent in 2011.

#8 The United States has fallen in the global economic competitiveness rankings compiled by the World Economic Forum for four years in a row.

#9 According to The Economist, the United States was the best place in the world to be born into back in 1988.  Today, the United States is only tied for 16th place.

#10 Incredibly, more than 56,000 manufacturing facilities in the United States have been permanently shut down since 2001.

#11 There are less Americans working in manufacturing today than there was in 1950 even though the population of the country has more than doubled since then.

#12 According to the New York Times, there are now approximately 70,000 abandoned buildings in Detroit.

#13 When NAFTA was pushed through Congress in 1993, the United States had a trade surplus with Mexico of 1.6 billion dollars.  By 2010, we had a trade deficit with Mexico of 61.6 billion dollars.

#14 Back in 1985, our trade deficit with China was approximately million dollars (million with a little “m”) for the entire year.  In 2012, our trade deficit with China was 315 billion dollars.  That was the largest trade deficit that one nation has had with another nation in the history of the world.

#15 Overall, the United States has run a trade deficit of more than 8 trillion dollars with the rest of the world since 1975.

#16 According to the Economic Policy Institute, the United States is losing half a million jobs to China every single year.

#17 Back in 1950, more than 80 percent of all men in the United States had jobs.  Today, less than 65 percentof all men in the United States have jobs.

#18 At this point, an astounding 53 percent of all American workers make less than $30,000 a year.

#19 Small business is rapidly dying in America.  At this point, only about 7 percent of all non-farm workers in the United States are self-employed.  That is an all-time record low.

#20 Back in 1983, the bottom 95 percent of all income earners in the United States had 62 cents of debt for every dollar that they earned.  By 2007, that figure had soared to $1.48.

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

#22 According to Forbes, the 400 wealthiest Americans have more wealth than the bottom 150 million Americanscombined.

#23 The six heirs of Wal-Mart founder Sam Walton have as much wealth as the bottom one-third of all Americanscombined.

#24 According to the U.S. Census Bureau, more than 146 million Americans are either “poor” or “low income”.

#25 According to the U.S. Census Bureau, 49 percent of all Americans live in a home that receives direct monetary benefits from the federal government.  Back in 1983, less than a third of all Americans lived in a home that received direct monetary benefits from the federal government.

#26 Overall, the federal government runs nearly 80 different “means-tested welfare programs”, and at this point more than 100 million Americans are enrolled in at least one of them.

#27 Back in 1965, only one out of every 50 Americans was on Medicaid.  Today, one out of every 6 Americans is on Medicaid, and things are about to get a whole lot worse.  It is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.

#28 As I wrote recently, it is being projected that the number of Americans on Medicare will grow from 50.7 million in 2012 to 73.2 million in 2025.

#29 At this point, Medicare is facing unfunded liabilities of more than 38 trillion dollars over the next 75 years.  That comes to approximately $328,404 for every single household in the United States.

#30 Right now, there are approximately 56 million Americans collecting Social Security benefits.  By 2035, that number is projected to soar to an astounding 91 million.

#31 Overall, the Social Security system is facing a 134 trillion dollar shortfall over the next 75 years.

#32 Today, the number of Americans on Social Security Disability now exceeds the entire population of Greece, and the number of Americans on food stamps now exceeds the entire population of Spain.

#33 According to a report recently issued by the Pew Research Center, on average Americans over the age of 65 have 47 times as much wealth as Americans under the age of 35.

#34 U.S. families that have a head of household that is under the age of 30 have a poverty rate of 37 percent.

#35 As I mentioned recently, the homeownership rate in America is now at its lowest level in nearly 18 years.

#36 There are now 20.2 million Americans that spend more than half of their incomes on housing.  That represents a 46 percent increase from 2001.

#37 45 percent of all children are living in poverty in Miami, more than 50 percent of all children are living in poverty in Cleveland, and about 60 percent of all children are living in poverty in Detroit.

#38 Today, more than a million public school students in the United States are homeless.  This is the first time that has ever happened in our history.

#39 When Barack Obama first entered the White House, about 32 million Americans were on food stamps.  Now,more than 47 million Americans are on food stamps.

#40 According to one calculation, the number of Americans on food stamps now exceeds the combined populations of “Alaska, Arkansas, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Iowa, Kansas, Maine, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Utah, Vermont, West Virginia, and Wyoming.”

Raise the Debt Limit – Does this sound familiar to you?

The United States debt limit explained. A satirical short film taking a look at the national debt and how it applies to just one family. Watch the guy from the Sprint Ads, Ferris Bueller Superbowl Spot and plays Arwin! (also in the upcoming film PAIN AND GAIN) Produced by Seth William Meier, DP/Edited by Craig Evans, 1st AC Brian Andrews, Sound Mixer Gus Salazar, Written and Directed by Brian Stepanek. Help us spread the word by clicking ads or at http://www.debtlimitusa.org.

Is This an Example of Things to Come in the US

I stumbled across this article and would love to hear what you think of it.

  • Is this the future of many big cities in the US?
  • Is this what our children have to accept as the future?
  • Is it likely the US will be converted to Sharia Law?
  • And most important – what lessons should we all learn from this article?

What can WE do to keep this from happening to our country?

How Immigration and Multiculturalism Destroyed Detroit

By Frosty Wooldridge

October 5, 2009
NewsWithViews.com

For 15 years, from the mid 1970s to 1990, I worked in Detroit, Michigan. I watched it descend into the abyss of crime, debauchery, gun play, drugs, school truancy, car-jacking, gangs and human depravity. I watched entire city blocks burned out. I watched graffiti explode on buildings, cars, trucks, buses and school yards. Trash everywhere! Detroiters walked through it, tossed more into it and ignored it.

Tens of thousands and then, hundreds of thousands today exist on federal welfare, free housing and food stamps! With Aid to Dependent Children, minority women birthed eight to 10 and in once case, one woman birthed 24 kids as reported by the Detroit Free Press—all on American taxpayer dollarss. A new child meant a new car payment, new TV and whatever mom wanted. I saw Lyndon Baines Johnson’s “Great Society” flourish in Detroit. If you give money for doing nothing, you will get more hands out taking money for doing nothing.

Mayor Coleman Young, perhaps the most corrupt mayor in America, outside of Richard Daley in Chicago, rode Detroit down to its knees. He set the benchmark for cronyism, incompetence and arrogance. As a black man, he said, “I am the MFIC.” The IC meant ‘in charge’. You can figure out the rest. Detroit became a majority black city with 67 percent African-Americans.

As a United Van Lines truck driver for my summer job from teaching math and science, I loaded hundreds of American families into my van for a new life in another city or state. Detroit plummeted from 1.8 million citizens to 912,000 today. At the same time, legal and illegal immigrants converged on the city, so much so, that Muslims number over 300,000. Mexicans number 400,000 throughout Michigan, but most work in Detroit.

As the Muslims moved in, the whites moved out. As the crimes became more violent, the whites fled. Finally, unlawful Mexicans moved in at a torrid pace. You could cut the racial tension in the air with a knife! Detroit may be one our best examples of multiculturalism: pure dislike and total separation from America.

Today, you hear Muslim calls to worship over the city like a new American Baghdad with hundreds of Islamic mosques in Michigan, paid for by Saudi Arabia oil money. High school flunk out rates reached 76 percent last June according to NBC’s Brian Williams. Classrooms resemble more foreign countries than America. English? Few speak it! The city features a 50 percent illiteracy rate and growing. Unemployment hit 28.9 percent in 2009 as the auto industry vacated the city.

In this week’s Time Magazine October 4, 2009, “The Tragedy of Detroit: How a great city fell and how it can rise again,” I choked on the writer’s description of what happened.

“If Detroit had been savaged by a hurricane and submerged by a ravenous flood, we’d know a lot more about it,” said Daniel Okrent. “If drought and carelessness had spread brush fires across the city, we’d see it on the evening news every night. Earthquake, tornadoes, you name it — if natural disaster had devastated the city that was once the living proof of American prosperity, the rest of the country might take notice. Top of Form

Bottom of Form

But Detroit, once our fourth largest city, now 11th and slipping rapidly, has had no such luck. Its disaster has long been a slow unwinding that seemed to remove it from the rest of the country. Even the death rattle that in the past year emanated from its signature industry brought more attention to the auto executives than to the people of the city, who had for so long been victimized by their dreadful decision-making.”

As Coleman Young’s corruption brought the city to its knees, no amount of federal dollars could save the incredible payoffs, kick backs and illegality permeating his administration. I witnessed the city’s death from the seat of my 18-wheeler tractor trailer because I moved people out of every sector of decaying Detroit.

“By any quantifiable standard, the city is on life support. Detroit’s treasury is $300 million short of the funds needed to provide the barest municipal services,” Okrent said. “The school system, which six years ago was compelled by the teachers’ union to reject a philanthropist’s offer of $200 million to build 15 small, independent charter high schools, is in receivership. The murder rate is soaring, and 7 out of 10 remain unsolved. Three years after Katrina devastated New Orleans, unemployment in that city hit a peak of 11%. In Detroit, the unemployment rate is 28.9%. That’s worth spelling out: twenty-eight point nine percent.”

At the end of Okrent’s report, and he will write a dozen more about Detroit, he said, “That’s because the story of Detroit is not simply one of a great city’s collapse. It’s also about the erosion of the industries that helped build the country we know today. The ultimate fate of Detroit will reveal much about the character of America in the 21st century. If what was once the most prosperous manufacturing city in the nation has been brought to its knees, what does that say about our recent past? And if it can’t find a way to get up, what does that say about our future?”

As you read in my book review of Chris Steiner’s book, $20 Per Gallon, the auto industry won’t come back. Immigration will keep pouring more and more uneducated third world immigrants from the Middle East into Detroit—thus creating a beachhead for Islamic hegemony in America. If 50 percent illiteracy continues, we will see more homegrown terrorists spawned out of the Muslim ghettos of Detroit. Illiteracy plus Islam equals walking human bombs. You have already seen it in the Madrid, Spain, London, England and Paris, France with train bombings, subway bombings and riots. As their numbers grow, so will their power to enact their barbaric Sharia Law that negates republican forms of government, first amendment rights and subjugates women to the lowest rungs on the human ladder. We will see more honor killings by upset husbands, fathers and brothers that demand subjugation by their daughters, sisters and wives. Muslims prefer beheadings of women to scare the hell out of any other members of their sect from straying.

Multiculturalism: what a perfect method to kill our language, culture, country and way of life.

© 2009 Frosty Wooldridge – All Rights Reserved

http://www.newswithviews.com/Wooldridge/frosty506.htm

Unlimited Power to Raise the Debt Ceiling – Are They Kidding

Tax small business

Anyone who watches the news, know that Obama likes to spend money and really wants to raise taxes – especially on the top 2% of taxpayers. So – why in the world, would he and Timothy Geitner, think the Republicans would be willing to give Obama total discretion about when and how to raise the debt ceiling?

I keep getting the feeling that the Obama administration feels they have carte blanche to do anything and everything they want – with no consideration for the American people. I’ve mentioned this before – but politicians and their staff members work FOR the American people. That concept keeps getting lost somehow.

For the politicians and other involved in government – remember… “We the People”? That’s US and we don’t want you to spend this country into oblivion and to mortgage the future. Aren’t there more than enough foreclosures now – because of the feeling that everyone should be allowed to have a house? That lead to too many people borrowing too much money, which they could NEVER pay back, even before the housing bubble burst. Ummm sound familiar Mr President and Mr Secretary of the Treasury? Have they ever heard those who ignore history are doomed to repeat it?? That applies even if it was very recent history. It has happened before and if the same thing is done again – you will get the same result…

Obama wants unlimited power to raise the debt ceiling – http://www.infowars.com/obama-wants-dictatorial-power-to-increase-debt/
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