50 Economic Numbers About The US That Are

50 Economic Numbers About The US That Are "Almost Too Crazy To Believe" | ZeroHedge
12/16/11 4:12 PM
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50 Economic Numbers About The US That Are "Almost Too Crazy To Believe"
Submitted by Tyler Durden on 12/16/2011 13:57 0500
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The Economic Collapse Blog does a terrific job of periodically putting together a compilation of the scariest data points about the US economy. Today is one such day, and the list of 50 economic numbers presented is indeed, as the author puts it, "almost too crazy to believe"... Almost. As noted: "At this time of the year, a lot of families get together, and in most
12-16 15:54: CFTC says net EUR short position was USD 19bln as of Dec 13th,... 12-16 15:54: Italian PM Monti package wins final passage in chamber of Deputies,... 12-16 15:54: US NYSE Imbalances - USD 700mln buy side 12-16 15:21: Mylan (MYL) launches generic version of Toprol-XL tablets 12-16 15:21: Amazon.com (AMZN) Kindle sales are tracking to 11mln according to... 12-16 15:21: US FIXED INCOME WRAP 12-16 15:21: President Obama says no options off the table to stop Iran nuclear...
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together, and in most homes the conversation usually gets around to politics at some point. Hopefully many of you will use the list below as a tool to help you share the reality of the U.S. economic crisis with your family and friends. If we all work together, hopefully we can get millions of people to wake up and realize that "business as usual" will result in a national economic apocalypse." Or, far more likely, 99% of the population can continue watching Dancing with the Stars, as what little wealth remains is terminally transferred to those who are paying attention right below everyone's eyes.
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From the Ecopnomic Collapse Blog: The following are 50 economic numbers from 2011 that are almost too crazy to believe.... #1 A staggering 48 percent of all Americans are either considered to be "low income" or are living in poverty. #2 Approximately 57 percent of all children in the United States are living in homes that are either considered to be "low income" or impoverished. #3 If the number of Americans that "wanted jobs" was the same today as it was back in 2007, the "official" unemployment rate put out by the U.S. government would be up to
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11 percent. #4 The average amount of time that a worker stays unemployed in the United States is now over 40 weeks. #5 One recent survey found that 77 percent of all U.S. small businesses do not plan to hire any more workers. #6 There are fewer payroll jobs in the United States today than there were back in 2000 even though we have added 30 million extra people to the population since then. #7 Since December 2007, median household income in the United States has declined by a total of 6.8% once you account for inflation. #8 According to the Bureau of Labor Statistics, 16.6 million Americans were selfemployed back in December 2006. Today, that number has shrunk to 14.5 million. #9 A Gallup poll from earlier this year found that approximately one out of every five Americans that do have a job consider themselves to be underemployed.
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#10 According to author Paul Osterman, about 20 percent of all U.S. adults are currently working jobs that pay poverty-level wages. #11 Back in 1980, less than 30% of all jobs in the United States were low income jobs. Today, more than 40% of all jobs in the United States are low income jobs. #12 Back in 1969, 95 percent of all men between the ages of 25 and 54 had a job. In July, only 81.2 percent of men in that age group had a job. #13 One recent survey found that one out of every three Americans would not be able to make a mortgage or rent payment next month if they suddenly lost their current job. #14 The Federal Reserve recently announced that the total net worth of U.S. households declined by 4.1 percent in the 3rd quarter of 2011 alone. #15 According to a recent study conducted by the BlackRock Investment Institute, the ratio of
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ratio of household debt to personal income in the United States is now 154 percent. #16 As the economy has slowed down, so has the number of marriages. According to a Pew Research Center analysis, only 51 percent of all Americans that are at least 18 years old are currently married. Back in 1960, 72 percent of all U.S. adults were married. #17 The U.S. Postal Service has lost more than 5 billion dollars over the past year. #18 In Stockton, California home prices have declined 64 percent from where they were at when the housing market peaked. #19 Nevada has had the highest foreclosure rate in the nation for 59 months in a row. #20 If you can believe it, the median price of a home in Detroit is now just $6000. #21 According to the U.S. Census Bureau, 18 percent of all homes in the state of Florida are sitting vacant. That figure is
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That figure is 63 percent larger than it was just ten years ago. #22 New home construction in the United States is on pace to set a brand new alltime record low in 2011. #23 As I have written about previously, 19 percent of all American men between the ages of 25 and 34 are now living with their parents. #24 Electricity bills in the United States have risen faster than the overall rate of inflation for five years in a row. #25 According to the Bureau of Economic Analysis, health care costs accounted for just 9.5% of all personal consumption back in 1980. Today they account for approximately 16.3%. #26 One study found that approximately 41 percent of all working age Americans either have medical bill problems or are currently paying off medical debt. #27 If you can believe it, one out of every seven Americans has at least 10 credit cards.
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#28 The United States spends about 4 dollars on goods and services from China for every one dollar that China spends on goods and services from the United States. #29 It is being projected that the U.S. trade deficit for 2011 will be 558.2 billion dollars. #30 The retirement crisis in the United States just continues to get worse. 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. #31 Today, one out of every six elderly Americans lives below the federal poverty line. #32 According to a study that was just released, CEO pay at America's biggest companies rose by 36.5% in just one recent 12 month period. #33 Today, the "too big to fail" banks are larger than ever. The total assets of the
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assets of the six largest U.S. banks increased by 39 percent between September 30, 2006 and September 30, 2011. #34 The six heirs of WalMart founder Sam Walton have a net worth that is roughly equal to the bottom 30 percent of all Americans combined. #35 According to an analysis of Census Bureau data done by the Pew Research Center, the median net worth for households led by someone 65 years of age or older is 47 times greater than the median net worth for households led by someone under the age of 35. #36 If you can believe it, 37 percent of all U.S. households that are led by someone under the age of 35 have a net worth of zero or less than zero. #37 A higher percentage of Americans is living in extreme poverty (6.7%) than has ever been measured before. #38 Child homelessness in the United States is now 33 percent higher than it
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higher than it was back in 2007. #39 Since 2007, the number of children living in poverty in the state of California has increased by 30 percent. #40 Sadly, child poverty is absolutely exploding all over America. According to the National Center for Children in Poverty, 36.4% of all children that live in Philadelphia are living in poverty, 40.1% of all children that live in Atlanta are living in poverty, 52.6% of all children that live in Cleveland are living in poverty and 53.6% of all children that live in Detroit are living in poverty. #41 Today, one out of every seven Americans is on food stamps and one out of every four American children is on food stamps. #42 In 1980, government transfer payments accounted for just 11.7% of all income. Today, government transfer payments account for more than 18 percent of all income.
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#43 A staggering 48.5% of all Americans live in a household that receives some form of government benefits. Back in 1983, that number was below 30 percent. #44 Right now, spending by the federal government accounts for about 24 percent of GDP. Back in 2001, it accounted for just 18 percent. #45 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. #46 If Bill Gates gave every single penny of his fortune to the U.S. government, it would only cover the U.S. budget deficit for about 15 days. #47 Amazingly, the U.S. government has now accumulated a total debt of 15 trillion dollars. When Barack Obama first took office the national debt was just 10.6 trillion dollars. #48 If the federal government
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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 pay off the national debt. #49 The U.S. national debt has been increasing by an average of more than 4 billion dollars per day since the beginning of the Obama administration. #50 During the Obama administration, the U.S. government has accumulated more debt than it did from the time that George Washington took office to the time that Bill Clinton took office.
As for the culprit, there is no surprise here - all central planning, all the time.
Of course the heart of our economic problems is the Federal Reserve. The Federal Reserve is a perpetual debt machine, it has almost completely destroyed the value of the U.S. dollar and it has an absolutely nightmarish track record of incompetence. If the Federal Reserve system had never been created, the U.S. economy would be in far
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would be in far better shape. The federal government needs to shut down the Federal Reserve and start issuing currency that is not debtbased. That would be a very significant step toward restoring prosperity to America. During 2011 we made a lot of progress in educating the American people about our economic problems, but we still have a long way to go. Hopefully next year more Americans than ever will wake up, because 2012 is going to represent a huge turning point for this country.
Indeed it will - in it America will pick yet another president that it so rightfully deserves. Average:
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Fri, 12/16/2011 - 14:00 | 1987680 Killtruck That's some scary shit.
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Fri, 12/16/2011 14:12 | 1987737 Jonbutterfly Ron to Sean Hannity: You're Missing the Point http://djia.tv/ronpaul/ron-paul-tosean-hannity-youremissing-the-point/
Fri, 12/16/2011 - 14:32 | 1987823 NotApplicable And he gets paid damn well to do so!
Fri, 12/16/2011 - 14:43 | 1987860 redpill RON PAUL MONEY BOMB TODAY http://www.ronpaul2012.com/ I've already sent 500 soon-to-beworthless
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worthless FRNs his direction, can you all send him 100 or 50 please?
Fri, 12/16/2011 - 15:01 | 1987937 Xkwisetly Paneful
America where the obese car and home owners are considered poverty stricken. As long as they contnue to define poverty as the bottom 1/6th, any economic downturn will result in >=1/6th of the population being poverty stricken.
Fri, 12/16/2011 - 15:47 | 1988104 Yardfarmer
not that it really makes any difference, but your savior will only serve to split the moron republican vote and assure the
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assure the pseudo pickaninny marionette another term unless they invade Iran, call the whole thing and declare martial law as they seem to be preparing to do. the idea of participating in yet another sham election should be the occasion of immense misgiving at the very least. but any acknowledgment of inevitable would only leave the screen heads, internet voyeurs and keyboard jockeys nothing to contemplate but their own feckless and ineffectual impotence. go absorb yourself in yet another useless celluloid phantasy and await the arrival of "the One". you could be waiting a long time but you would still be in possession of your precious
12/16/11 4:12 PM
precious illusions. you just got fleeced.

Fri, 12/16/2011 - 15:52 | 1988125 TheFourthStoogeing Put me down for fifty clownbux.
Fri, 12/16/2011 - 14:36 | 1987836 Robot Traders Mom You know what?
Fuck Sean Hannity and fuck Bret Baier for that hit job last night. Throw in Bill O'Reilly and you have the three biggest douchebags in Amerika.
My son maybe a dumb troll, but he is twice as smart as that gaggle of fucktards.
Fri, 12/16/2011 - 14:38 | 1987847 SheepDog-One Their job is to support politician masters, thats all, theyre buttboys.
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buttboys.
Fri, 12/16/2011 - 15:22 | 1988016 Pladizow
Presstitutes!
Fri, 12/16/2011 - 14:41 | 1987854 A Lunatic Bret Baier. What a piece of shit. He's damned lucky I wasn't Ron Paul last night.
Fri, 12/16/2011 - 15:10 | 1987971 pakled This is strictly a subjective and meaningless observation from one who does not necessarily follow all posts, but I noticed that lately I havent ever seen Robot Traders Mom at the same time as Robot trader. I also never see Clark Kent
Fri, 12/16/2011 - 15:17 |

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- 15:17 | 1987999 Robot Traders Mom
That is a good observation @pakled.
His $50 Etrade account I set up on his birthday last month is down to $1.79 right now. You will probably being seing much more of me, then him, for awhile.
Rest assured, we only look alike but are not the same person.
Fri, 12/16/2011 - 15:32 | 1988048 SteveNYC #51 Estimated number of wars the hopeless leadership has dragged country into recently.
Fri, 12/16/2011 14:14 | 1987750 Pladizow Birth, Growth, Maturation, Decline and Death - where's America?
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America? An Ex-KGB Operative will give a hint: http://www.youtube.com/watch? v=zeMZGGQ0ERk

Fri, 12/16/2011 - 14:59 | 1987920 AssFire Excellent link...Many of us know the solution and what is logical. Unfortunately people lie to themselves about what is really humane. How many puppies should an owner be paid to raise when she has no income of her own?? It would be inhumane and racist not for us to pay for her to have more puppies??? Hard choices that will be made with fewer options the longer this country waits to pick a logical path. http://www.shtfplan.com/headlinenews/unbelievablemother-of-15kids-som...
Fri, 12/16/2011 - 15:31 | 1988042 Dr. Acula > It would be inhumane and racist not for us to pay for her to have more puppies? It's inhuman to steal 1 cent from Bill Gates to feed a starving child.
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starving child. Because it's stealing. And whether you mug someone on the street, or vote with 1,000,000 other people to mug someone, it's still stealing. It's a violation of property rights, the basis of the market economy and the foundation of civilization. It's beast-like behavior that disintegrates civilization and leads us inevitably to living in beast-like conditions.
Fri, 12/16/2011 14:44 | 1987862 RMolineaux I am astounded by the absolute absence of logic in the "collaps" interview, where he concludes that all of the (correct) statistics that he cites were the fault of the Federal Reserve. Staring him in the face are one statistic after another that testifies to the corruption and incompitence of the congress and president, as well as the operations of the Wall Street greed platoon.
Fri, 12/16/2011 - 15:54 | 1988133 11b40 It's the FED that allows it all to happen....or, more accurately, directs the show.
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Fri, 12/16/2011 14:56 | 1987906 ReactionToClose... great post ... have seen a few of these ... but not the aggregate of '50'. Humbling & numbing ..... and it is terrifying ...
Fri, 12/16/2011 15:01 | 1987938 vast-dom Scary is the understatement du jour! TeH FeD = Destruction of morals and econ systems = illegal and unconstitutional.
Fri, 12/16/2011 15:14 | 1987984 PD Quig Except for these facts about 'those living in poverty' in the US: 80 percent of poor households have air conditioning. In 1970, only 36 percent of the entire U.S. population enjoyed air conditioning. 92 percent of poor households have a microwave. Nearly threefourths have a car or truck, and 31 percent have two or more cars or trucks. Nearly twothirds have cable or satellite TV. Two-thirds have at least
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have at least one DVD player, and 70 percent have a VCR. Half have a personal computer, and one in seven have two or more computers. More than half of poor families with children have a video game system, such as an Xbox or PlayStation. 43 percent have Internet access. One-third have a wide-screen plasma or LCD TV. One-fourth have a digital video recorder system, such as a TiVo. Do I want to switch places? Of course not, but 90% of the rest of the world would.
Fri, 12/16/2011 - 15:27 | 1988031 Willzyx How much of that stuff is hand me down or donations? The original Playstation is 18 years old and can be bought on ebay for $10.
Fri, 12/16/2011 - 15:32 | 1988050 WhiteNight123129 Not 90% , mabe a good 60%, it might be 40% in 10 years....
Fri, 12/16/2011
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- 15:43 | 1988087 Sean7k Let's look at those facts: -people have air conditioning and microwaves because all rental housing already have them built in. Further, that air conditioning can be a window model. The microwave can be a counter top 90$ model. -having a car or truck and having a nice car or truck that runs are two different things. - having a computer can be a result of previous good times when they had jobs. -same with video systems or tivo. -dial-up internet is not exactly expensive -90% of the world include China, India and Africa. So, we are to compare ourselves with 3rd world economic levels? Why not do a comparison with european income levels instead? Poverty is relative. You use measures of comparison within the same or similar populations unless you want to exaggerate your argument. Considering that the richest .02% have continued to increase the disparity in income and wealth for the last twenty years, this continued erosion in the standard of living for a significant part of the population is a roaring
12/16/11 4:12 PM
a roaring condemnation of past and current political/economic policy in the US.

Fri, 12/16/2011 - 16:02 | 1988162 Xkwisetly Paneful Yes compare to Europe:
Avg living space in USA=800sq ft Avg living space in Europe=450sq ft Avg cars owned in USA per family 1.5 Avg cars owned by Euro per family .5 Avg price of petrol in USA 3.35/gal Avg price of petrol in Europe $6.10/gal Avg citizen in the US is a homeowner and obese Avg citizen in Europe is a renter and is not obese
Oh but it is utopia, I kep reading about it on the internet. The avg "poor" american lives better than the avg working Euro and it is not close.
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Fri, 12/16/2011 15:19 | 1988004 pelican Everyone is such a downer. Come on, put on CNBC and follow Cramer into the grave.
Anyway, if you are a Ann Barnhardt fan check this out....
http://www.youtube.com/watch? v=LPPxOP3na5o&feature=player_embedded# !
Fri, 12/16/2011 - 14:02 | 1987686 sabra1 #51 500 lamp posts will be adorned with new hanging ornaments!
Fri, 12/16/2011 - 14:03 | 1987689 Ahmeexnal HOPE AND CHANGE!

Fri, 12/16/2011 - 14:27 | 1987690 hedgeless_horseman
#34 The six heirs of WalMart founder Sam Walton have a net worth that is roughly equal to the bottom 30 percent of all Americans combined.
AMER-ICAN
We settle for less!
Buy local you fucking morons!!!!

12/16/11 4:12 PM
morons!!!! Stop sending your capital out of town, out of state, and out of the country. Read The Geography of Nowhere by Kunstler.
Fri, 12/16/2011 14:31 | 1987816 MachoMan Can't afford local, what's your next suggestion?
1. Local prices high? Great! So then be a local producer of something...anything! 2. Stop buying crap 3. Stop eating crap 4. Get rid of the television 5. Move to a town without a Wal-Mart The long-term truths are that we can't afford to NOT buy local, and there is no free lunch.
Fri, 12/16/2011 - 15:15 | 1987985 SillySalesmanQu... AMEN!
Fri, 12/16/2011
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12/16/2011 - 15:49 | 1988113 nope-1004 As I've said before, Chinese goods are inexpensive for one reason and one reason only: They're 100% JUNK. Yes, buy local. Make local. Do local. The shit coming off the boat is only adding toxicity to our landfills.
Fri, 12/16/2011 - 15:22 | 1988017 IBelieveInMagic
Wouldn't reducing your consumption just aggravate the recession -- your spend is ultimately somebody's income. The truth is that there are no easy options and all our blaming X, Y or Z (read Obama, Bernanke, Congress, banksters, who have, of course,
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course, aggravated and hastened the disaster by taking advantage of their status) for this state of affairs is futile. The reality is that humans are by nature not prone to cooperate and work with self enlightened self interest - if the banksters had not taken advantage, there would have been some other advantaged party that would have exploited the situation. Mind you, I am not an apologist for banks -- I am just trying to understand and articulate the reality.
Wouldn't reducing your consumption just aggravate the recession

Aggravate the recession? You wouldn't happen to be a Nobel Prize winning writer for the NYT with the initials PK? The recession, as you say, was not caused by
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by reduced consumption. It was caused by too much debt. So, by your thinking, shouldn't reducing debt appease the recession? If so, then reducing debt can easily be accomplished by increasing income (producing something) and reducing expenses (consumption). This is exactly what I advocate above.
Fri, 12/16/2011 - 15:36 | 1988058 Confused
The reality is that humans are by nature not prone to cooperate and work with self enlightened self interest
Then please explain how society came about?
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register to post comments
Fri, 12/16/2011 - 15:56 | 1988143 ffart
The king steals all the children, forces them into government indoctrination camps where they're taught that there was always a kingdom and without the kingdom enforcing laws cooperation between them would be impossible since they're all evil and need to be controlled by their wise and just rulers.
Fri, 12/16/2011 - 14:37 | 1987842 RafterManFMJ
Stay home?
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comments
Fri, 12/16/2011 - 15:24 | 1988023 Sudden Debt That is the biggest load of crap ever!! To many people like to buy to much cheap stuff. Buy to much cheap food, and you know what? Most Americans are FAT ASSES!!! Can't afford? LOSE WEIGHT EAT LESS FATSO'S!!!! I mostly buy healthy local food. I CARE ABOUT MY HEALTH! Every time I go to the US, I take photo's of all the Fat people to show at home and to make fun of! When we think of Americans, we think of fat people! How fucked up is that?!
Fri, 12/16/2011 - 15:29 | 1988035 Willzyx For most products other than food, local doesn't even exist.
Fri, 12/16/2011 15:50 | 1988116 Handyman I'll bet the bottom 30% spend 50% of their net income at Wallmart.
Fri, 12/16/2011 - 14:03 | 1987692
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Milton Waddams Re #34 - if you have two nickles to rub together after factoring in money owed you likey have a greater net worth than the lower 30 percent combined.
Fri, 12/16/2011 14:27 | 1987799 InconvenientCou... If you have nickels, don't spend them. If you happen to ever place an order to the U.S. mint for a pallet of nickels and they ask why, tell them "...it's because you like nickels."
Fri, 12/16/2011 - 14:55 | 1987900 SoNH80 What this country needs is a good nickle cigar.
Fri, 12/16/2011 - 14:04 | 1987696 pods Other than that Mrs. Lincoln, how did you like the play? pods
Fri, 12/16/2011 15:30 | 1988038 youLilQuantFuker I dunno. It's not scary, it's time to awaken people. Kind of reminds me of stories told about the Brits infiltrating Ireland. The brits had organizations to bribe the politicians in order to get their way. They would then vote in and appoint judges
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in and appoint judges to the bench to change laws and favor the brits. The goal was to loot the country and enslave the people. Then the IRA fought back and won. I wonder what the Lizards are going to do when the American Republican Army (ARA) comes looking for them?
Then the IRA fought back and won.

The IRA didn't win. It sued for peace. Northern Ireland is still part of the UK.
Fri, 12/16/2011 - 14:04 | 1987698 Canaduh America peaked with the XFL.
Fri, 12/16/2011 14:37 | 1987843 Jumbotron Homer would agree. http://flowtv.org/wpcontent/uploads/2009/10/xfl.png
Fri, 12/16/2011 15:48 | 1988108 Wannabee

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Priceless...He Hate Me
Fri, 12/16/2011 - 14:04 | 1987701 sabra1 House Passes $1 Trillion-Plus Spending Bill, Avoiding Government Shutdown (Story Developing)
Fri, 12/16/2011 14:13 | 1987739 A Lunatic Yes, and guess what? No one even had time to read the mother fucker. Feeling represented yet? This is BULLSHIT.
Fri, 12/16/2011 - 14:29 | 1987810 Kaiser Sousa Look, didn't u get the memo...this is a democracy man...that's why everybody hates....because of our freedoms!!!!!!!!!!!
Fri, 12/16/2011 - 14:45 | 1987865 A Lunatic I'm still using the original memo......... the Constitution. I'm old school............, Bitchez.
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Fri, 12/16/2011 - 14:12 | 1987704 Mercury Problem is, most people looking at this are going to conclude that we need an even bigger government that will set aside X% of GDP for their own group/tribe/persuasion. And that's just what Washington wants: Everything within the state, nothing outside the state.
Fri, 12/16/2011 - 14:06 | 1987710 JimboWHO # 3 is poorly worded but we get the point. Lots of massaging going on.
Fri, 12/16/2011 - 14:06 | 1987712 ZeroPoint No wonder they are warming up the FEMA camps. People will be BEGGING to get in, not out.
Fri, 12/16/2011 14:10 | 1987723 pods Yep, that is something that have most never thought of. I might do it if my new cookbook doesn't sell well: "50 ways to cook Long Pig, and like it." pods
Fri, 12/16/2011 - 14:28 | 1987806 machineh Damn ... them's the biggest
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'buffalo wings' I ever seen, pods!

Fri, 12/16/2011 - 14:38 | 1987845 small watcher
It's French? No, actually, it's more Spanish.

Eating Raoul (1982)
Fri, 12/16/2011 14:36 | 1987839 NotApplicable People in the "Western World" will line up by the thousands for 2 hots and a cot someday.
Fri, 12/16/2011 - 14:07 | 1987713 LongBallsShortBrains Bullish?.... Gotta be bullish...right?

Fri, 12/16/2011 14:34 | 1987828 spekulatn Yes. Bullish indeed. Ballish too.
Fri, 12/16/2011 - 14:07 | 1987714 J 457 Bullish for food stamps, FEMA tents, and Smith & Wesson.
Page 36 of 43
12/16/11 4:12 PM
Fri, 12/16/2011 - 14:07 | 1987715 moskov VERY BULLISH....IF DOLLARS COLLAPSE, THERE WILL BE BULLS RUNNING AROUND ACROSS THE US
Fri, 12/16/2011 - 14:09 | 1987721 SteveGennisonBa... 52.6% of all children that live in Cleveland are living in poverty and 53.6% of all children that live in Detroit are living in poverty. Go Cleveland! Thank god for suburbia. Don't ever get off the highway in East Cleveland. A tip for all the tourists that we get. We're not as bad as Detroit!
Fri, 12/16/2011 14:50 | 1987882 firstdivision East Cleveland is fun, especially now that they force you to stop at red lights. Car jacking someone is difficult when they don't stop.
Fri, 12/16/2011 14:57 | 1987915 SoNH80 I made that mistake once. "Wait, this isn't the Rock and Roll Hall of Fame...."
Fri, 12/16/2011 - 14:10 | 1987724 tony bonn "#33 Today, the "too big to fail" banks are larger than ever. The total assets of the six largest U.S. banks increased by 39 percent between September 30, 2006 and
12/16/11 4:12 PM
September 30, 2006 and September 30, 2011." and that, my dear factoid fairy, is why the financial crisis was precipitated....it was solely to concentrate wealth and power further...the rockefellermic-yale-cia axis of evil have planned for this moment for decades and they could finally realize it through the frank/dodd led mortgage crisis.... the squalid state of america's poor will be laid at the feet of the plutocrats on judgment day.....the first shall be last - come now lord jesus....
Fri, 12/16/2011 14:34 | 1987831 blunderdog Remember those "assets" include all the mortgages that aren't being paid.
Fri, 12/16/2011 - 14:41 | 1987855 NotApplicable Once paper is dead, the only thing left will be the tangible assets secured by it. Somehow I think that TPTB owning everything will somehow make-up for the paper mess. As for the financial system, well, it's just another transitory abstraction that served their ulterior purposes of social control. Remember, paper is not wealth, merely a claim upon it. Once the get all of the wealth, they'll start another paper scheme to construct the next trap.
12/16/11 4:12 PM
trap.
Fri, 12/16/2011 - 14:11 | 1987725 Atomizer
Years of kicking the can down the road has finally caught up to central planners. Ric Battellino: European financial developments More reading.. Bank of International Settlements - (Europe deflation in 2012)
Fri, 12/16/2011 - 14:10 | 1987727 A Lunatic Enough with the Hopium. The Federal Reserve is never going to be shut down. All one can do is take the necessary steps to make it as irrelevant as possible. Withdraw your consent and move forward independently of this failed system while there is still time to save whatever is left of your life, Liberty, and property.
Fri, 12/16/2011 14:19 | 1987763 Things that go bump Black market bitchez.
Fri, 12/16/2011 - 14:11 | 1987729 Floordawg After these facts, it is now a proven statistic that 95% of all "high-fives" in America are unwarranted.
Fri, 12/16/2011 - 14:11 | 1987731 jarboejl
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12/16/11 4:12 PM
#40 Philidelphia, Altanta, Cleveland, Detroit...big fucking shocker!

Fri, 12/16/2011 - 14:12 | 1987738 bnbdnb If the rich actually spent their money, all of it, we would have massive inflation. Scary.
Fri, 12/16/2011 14:46 | 1987872 SelfGov Scary but true. If the TARP money were loaned to tax payers instead (the 99%), same thing would have happened.
Fri, 12/16/2011 - 14:13 | 1987740 0ppenheimer And our government's solution? INCREASE federal intervention in credit markets to further lax lending practices and encourage the population to take on more debt. The Road to Serfdom indeed.
Fri, 12/16/2011 - 14:13 | 1987742 chunga Here is a little humor for a Friday. Only one thing. It ain't funny... tOO BiG To fAiL LOan MOdIFiCATioN FOrm r.1.A.002.B.XXXX (Link goes to Hamlet pdf embeds - blog haters do not click)
Page 40 of 43
12/16/11 4:12 PM
Fri, 12/16/2011 - 14:13 | 1987744 JPM Hater001 "#18 In Stockton, California home prices have declined 64 percent from where they were at when the housing market peaked." When they say "40% of houses are underwater" they really mean 100% in Stockton and 10% of everyone elses.
Fri, 12/16/2011 14:32 | 1987820 RobD Stockton is not the end of the word but you can sure see it from there.
Fri, 12/16/2011 - 14:14 | 1987746 walkre We are talking about Mexico, right?
Fri, 12/16/2011 - 14:14 | 1987748 Hat Trick One item here is kinda bogus as a "revelation".... Yes, the 6 Walmart heirs have more wealth than the bottom 30%. However, if you have one dollar in your pocket, and no debt, you have more "wealth" than 24%. That's because 24 percent actually have a negative net worth; they owe more money than they have in assets. (Sadly, I'm one of those people :( ...HA) That number doesn't seem very outrageous when you look at it in those terms. Otherwise, some interesting facts.
Fri, 12/16/2011 - 14:14 | 1987749
Page 41 of 43
12/16/11 4:12 PM
privatebanker55 If you beat up the numbers enough, they will tell you anything you want them to....don't buy into this, the definition of wealth is always relative...the statistic regarding poverty in US is based on 89,000 per annum in household income....that's not poverty.
Fri, 12/16/2011 14:31 | 1987785 Sean7k The report said the percentage of Americans living below the poverty line last year, 15.1 percent, was the highest level since 1993. (The poverty line in 2010 for a family of four was $22,314.) From the article itself: Many middleclass Americans are dropping below the low-income threshold roughly $45,000 for a family of four. Where did you get YOUR numbers?
Fri, 12/16/2011 - 15:57 | 1988146 nope-1004 Did the above banker fudge the numbers and spew false info? Just can't shake that way of life, can ya?
Fri, 12/16/2011 14:23 | 1987787 SheepDog-One The 'poverty line' is

12/16/11 4:12 PM
line' is $89,000 salary? Fuck outta here.

Fri, 12/16/2011 - 14:59 | 1987927 SoNH80 $89 K is "poor" in Greenwich, Connecticut. Can't even pay your Racquet Club dues.
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Fri, 12/16/2011 - 14:00 | 1987680 Killtruck That's some scary shit.

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Fri, 12/16/2011 - 15:01 | 1987937 Xkwisetly Paneful

Fri, 12/16/2011 - 15:47 | 1988104 Yardfarmer

precious illusions. you just got fleeced.

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Fri, 12/16/2011 - 15:22 | 1988016 Pladizow

Fri, 12/16/2011 - 15:17 |

- 15:17 | 1987999 Robot Traders Mom

That is a good observation @pakled.

America? An Ex-KGB Operative will give a hint: http://www.youtube.com/watch? v=zeMZGGQ0ERk

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a roaring condemnation of past and current political/economic policy in the US.

Fri, 12/16/2011 - 16:02 | 1988162 Xkwisetly Paneful Yes compare to Europe:

Anyway, if you are a Ann Barnhardt fan check this out....

Fri, 12/16/2011 - 14:03 | 1987689 Ahmeexnal HOPE AND CHANGE!

Fri, 12/16/2011 - 14:27 | 1987690 hedgeless_horseman

We settle for less!

Buy local you fucking morons!!!!

Fri, 12/16/2011 - 15:03 | 1987838 hedgeless_horseman

Fri, 12/16/2011 - 15:15 | 1987985 SillySalesmanQu... AMEN!

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Fri, 12/16/2011 - 15:22 | 1988017 IBelieveInMagic

Fri, 12/16/2011 - 15:37 | 1988041 hedgeless_horseman

Wouldn't reducing your consumption just aggravate the recession

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Fri, 12/16/2011 - 15:36 | 1988058 Confused

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Fri, 12/16/2011 - 15:56 | 1988143 ffart

Fri, 12/16/2011 - 14:37 | 1987842 RafterManFMJ

Fri, 12/16/2011 - 14:03 | 1987692

Fri, 12/16/2011 - 16:06 | 1988169 hedgeless_horseman

Then the IRA fought back and won.

Fri, 12/16/2011 14:37 | 1987843 Jumbotron Homer would agree. http://flowtv.org/wpcontent/uploads/2009/10/xfl.png

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Fri, 12/16/2011 15:48 | 1988108 Wannabee

'buffalo wings' I ever seen, pods!

Fri, 12/16/2011 - 14:38 | 1987845 small watcher

It's French? No, actually, it's more Spanish.

Fri, 12/16/2011 - 14:07 | 1987713 LongBallsShortBrains Bullish?.... Gotta be bullish...right?

Fri, 12/16/2011 - 14:11 | 1987725 Atomizer

Fri, 12/16/2011 - 14:11 | 1987731 jarboejl

#40 Philidelphia, Altanta, Cleveland, Detroit...big fucking shocker!

Fri, 12/16/2011 - 14:14 | 1987749

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