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12/16/11 4:0 Economic Numbers About The US That Are "Almost Too Crazy To Believe" | ZeroHedge

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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

Barack Obama Bill Gates

Blackrock Budget Deficit

Bureau of Labor Statistics

Census Bureau China Detroit

Fail Federal Reserve Florida

Gallup Gross Domestic

Product Housing Market

National Debt Obama

Administration Personal

Consumption Personal Income

Reality Too Big To Fail Trade

Deficit Unemployment

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

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2/43



,

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.

From theEcopnomic

Collapse Blog:

The followingare 50

economic

numbers from

2011 that are

almost too

crazy to

believe....

#1 A

staggering48

percentof all

Americans are

either

considered to

be "low

income" or are

living in

poverty.

#2

Approximately

57 percentof

all children in

the United

States are

living in homes

that are either

considered to

be "low

income" or

impoverished.

#3If thenumber 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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3/43



11 percent.

#4The average

amount of time

that a worker

stays

unemployed in

the United

States is now

over 40 weeks.

#5One recentsurvey found

that77 percent

of all U.S. small

businesses do

not plan to hire

any more

workers.

#6There are

fewer payroll

jobs in the

United States

todaythan

there were

back in 2000

even though

we have added

30 million

extra people to

the population

since then.

#7Since

December

2007, median

household

income in the

United States

has declined by

a total of6.8%

once you

account for

inflation.

#8According

to the Bureau

of Labor

Statistics, 16.6

million

Americans

were self-

employed back

in December

2006. Today,

that number

has shrunkto

14.5 million.

#9A 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.
http://www.foxnews.com/us/2011/07/06/underemployed-new-reality-american-job-market/http://www.usatoday.com/money/smallbusiness/story/2011-09-07/Fewer-people-choose-to-be-self-employed/50305432/1http://www.usatoday.com/news/nation/story/2011-09-13/census-household-income/50383882/1http://www.usnews.com/opinion/mzuckerman/articles/2011/06/20/why-the-jobs-situation-is-worse-than-it-lookshttp://www.usnews.com/news/blogs/washington-whispers/2011/11/07/7-in-10-blame-economy-for-hiring-freezehttp://research.stlouisfed.org/fred2/series/UEMPMEANhttp://www.washingtonpost.com/blogs/ezra-klein/post/wonkbook-the-real-unemployment-rate-is-11-percent/2011/12/12/gIQAuctPpO_blog.html


4/43



#10According

to author Paul

Osterman,

about20

percentof 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.

#12Back in

1969, 95

percent of allmen between

the ages of 25

and 54 had a

job. In July,

only81.2

percentof men

in that age

group had a

job.

#13One

recent survey

found thatone

out of every

three

Americanswould not be

able to make a

mortgage or

rent payment

next month if

they suddenly

lost their

current job.

#14The

Federal Reserve

recently

announced that

the total net

worth of U.S.

households

declined by4.1

percentin the

3rd quarter of

2011 alone.

#15According

to a recent

study

conducted by

the BlackRock

Investment

Institute, the
http://money.cnn.com/2011/12/08/news/economy/household_net_worth/index.htmhttp://www.dsnews.com/articles/job-loss-could-put-one-in-three-homeowners-out-of-their-home-2011-09-30http://www.bloomberg.com/news/print/2011-08-25/obama-seeks-jobs-plan-as-u-s-workingman-status-further-erodes.htmlhttp://growth.newamerica.net/sites/newamerica.net/files/policydocs/26-04-11%20Middle%20Class%20Under%20Stress.pdfhttp://growth.newamerica.net/sites/newamerica.net/files/policydocs/26-04-11%20Middle%20Class%20Under%20Stress.pdfhttp://money.usnews.com/money/careers/articles/2011/10/19/the-ranks-of-the-underemployed-continue-to-grow


5/43



ratio of

household debt

to personal

income in the

United States is

now154

percent.

#16As the

economy has

slowed down,

so has thenumber of

marriages.

According to a

Pew Research

Center

analysis, only

51 percentof

all Americans

that are at

least 18 years

old are

currently

married. Back

in 1960, 72

percentof all

U.S. adults

were married.

#17The U.S.

Postal Service

has lost more

than5 billion

dollarsover

the past year.

#18In

Stockton,

California

home prices

have declined

64 percent

from where

they were atwhen the

housing

market peaked.

#19Nevada

has had the

highest

foreclosure

rate in the

nation for59

monthsin a

row.

#20If 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 percentof

all homes in

the state of

Florida are

sitting vacant.
http://money.cnn.com/2011/03/18/real_estate/florida_vacant_homes/index.htmhttp://www.businessinsider.com/detroit-is-in-utter-shambles-and-the-state-should-take-it-over-immediately-2011-12http://www.cnbc.com/id/45682960http://www.businessinsider.com/most-miserable-cities-america-2011-12#6-stockton-california-15http://news.yahoo.com/post-office-near-default-losses-mount-5-1b-210808129.htmlhttp://www.washingtonpost.com/local/married-couples-at-a-record-low/2011/12/13/gIQAnJyYsO_story.htmlhttp://www.washingtonpost.com/local/married-couples-at-a-record-low/2011/12/13/gIQAnJyYsO_story.htmlhttp://www.usatoday.com/money/economy/story/2011-10-02/cnbc-consumers-economy/50619276/1


6/43



That figure is

63 percent

larger than it

was just ten

years ago.

#22New home

construction in

the United

States is on

pace to seta

brand new all-time record low

in 2011.

#23As I have

written about

previously, 19

percent of all

American men

between the

ages of 25 and

34 are now

living with

their parents.

#24Electricity

bills in the

United Stateshave risen

faster than the

overall rate of

inflationfor

five years in a

row.

#25According

to the Bureau

of Economic

Analysis,

health care

costs

accounted for

just 9.5% of all

personalconsumption

back in 1980.

Today they

account for

approximately

16.3%.

#26One study

found that

approximately

41 percentof

all working age

Americans

either have

medical bill

problems or

are currently

paying off

medical debt.

#27If you can

believe it, one

out of every

seven

Americanshas

at least 10

credit cards.
http://www.mybudget360.com/endgame-credit-card-nation-40-year-credit-card-bull-market-over/http://endoftheamericandream.com/archives/the-royal-wedding-american-idol-dancing-with-the-stars-and-7-other-ways-that-the-american-people-are-being-distracted-from-our-real-problemshttp://www.businessinsider.com/america-middle-class-in-decline-2011-4#-10http://www.usatoday.com/money/industries/energy/story/2011-12-13/electric-bills/51840042/1?loc=interstitialskiphttp://endoftheamericandream.com/archives/have-we-raised-an-entire-generation-of-young-men-that-do-not-know-how-to-be-menhttp://www.usatoday.com/money/economy/housing/story/2011-11-03/economy-hits-home-builders/51065938/1?loc=interstitialskip


7/43



#28The

United States

spendsabout 4

dollarson

goods and

services from

China for every

one dollar that

China spends

on goods and

services from

the UnitedStates.

#29It is being

projected that

the U.S. trade

deficit for

2011 will be

558.2 billion

dollars.

#30The

retirement

crisisin the

United States

just continues

to get worse.

According tothe Employee

Benefit

Research

Institute, 46

percentof all

American

workers have

less than

$10,000 saved

for retirement,

and29 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.

#32According

to a study that

was just

released, CEO

pay at

America's

biggest

companies

rose by36.5%

in just one

recent 12

month period.

#33Today, the

"too big to fail"

banks are

larger than

ever. The total
http://theeconomiccollapseblog.com/archives/archives/too-big-to-fail-10-banks-own-77-percent-of-all-u-s-banking-assetshttp://money.cnn.com/2011/12/15/news/companies/ceo_pay/index.htm?iid=HP_LNhttp://www.ncoa.org/press-room/press-release/one-in-six-seniors-lives-in.htmlhttp://www.ebri.org/pdf/surveys/rcs/2011/FS2_RCS11_Prepare_FINAL1.pdfhttp://www.ebri.org/pdf/surveys/rcs/2011/FS2_RCS11_Prepare_FINAL1.pdfhttp://theeconomiccollapseblog.com/archives/25-bitter-and-painful-facts-about-the-coming-baby-boomer-retirement-crisis-that-will-blow-your-mindhttp://thehill.com/blogs/on-the-money/1005-trade/192857-trade-deficit-narrows-to-lowest-level-this-yearhttp://www.census.gov/foreign-trade/Press-Release/current_press_release/ft900.pdf


8/43



assets of the

six largest U.S.

banks

increased by

39 percent

between

September 30,

2006 and

September 30,

2011.

#34The sixheirs of Wal-

Mart founder

Sam Walton

have a net

worth that is

roughly equal

to thebottom

30 percentof

all Americans

combined.

#35According

to an analysis

of Census

Bureau data

done by the

Pew ResearchCenter, the

median net

worth for

households led

by someone 65

years of age or

olderis 47

times greater

than the

median net

worth for

households led

by someone

under the age

of 35.

#36If you can

believe it, 37

percentof all

U.S.

households

that are led by

someone under

the age of 35

have a net

worth of zero

or less than

zero.

#37A higher

percentage of

Americans is

living in

extreme

poverty(6.7%)

than has ever

been measured

before.

#38Child

homelessness

in the United

States is now

33 percent
http://www.usatoday.com/news/nation/story/2011-12-12/homeless-children-increase/51851146/1http://theeconomiccollapseblog.com/archives/archives/extreme-poverty-is-now-at-record-levels-19-statistics-about-the-poor-that-will-absolutely-astound-youhttp://www.thestreet.com/story/11301457/2/us-wealth-gap-between-young-and-old-is-widest-ever.htmlhttp://www.thestreet.com/story/11301457/1/us-wealth-gap-between-young-and-old-is-widest-ever.htmlhttp://www.washingtonpost.com/blogs/blogpost/post/wal-mart-heirs-have-same-net-worth-as-the-bottom-30-percent-of-americans/2011/12/09/gIQAkg6FiO_blog.htmlhttp://www.dailymail.co.uk/news/article-2067359/Revealed-The-secret-1-2-TRILLION-bailout-given-banks.html?ito=feeds-newsxml


9/43



higher than it

was back in

2007.

#39Since

2007, the

number of

children living

in poverty in

the state of

California has

increasedby30 percent.

#40Sadly,

child povertyis

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.

#42In 1980,

government

transfer

payments

accounted for

just11.7%of

all income.

Today,

government

transfer

payments

account for

more than 18

percentof all

income.
http://www.businessinsider.com/america-middle-class-in-decline-2011-4#-9http://www.businessinsider.com/america-middle-class-in-decline-2011-4#-9http://www.nytimes.com/2009/11/29/us/29foodstamps.htmlhttp://www.nccp.org/media/releases/release_136.htmlhttp://www.nccp.org/media/releases/release_136.htmlhttp://www.nccp.org/media/releases/release_136.htmlhttp://www.nccp.org/media/releases/release_136.htmlhttp://theeconomiccollapseblog.com/archives/child-poverty-in-america-is-absolutely-exploding-16-shocking-statistics-that-will-break-your-hearthttp://www.nbcbayarea.com/news/local/Millions-More-California-Children-Slip-into-Poverty-134842133.html


10/43



#43A

staggering

48.5%of all

Americans live

in a household

that receives

some form of

government

benefits. Back

in 1983, that

number was

below 30percent.

#44Right now,

spending by

the federal

government

accounts for

about24

percentof

GDP. Back in

2001, it

accounted for

just 18

percent.

#45For fiscal

year 2011, theU.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.

#46If Bill

Gates gave

every singlepenny 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.

#48If the

federal
http://www.savingsbonds.gov/NP/BPDLogin?application=nphttp://www.dailymail.co.uk/news/article-1390090/One-giant-debt-mankind-U-S-national-deficit-reach-moon-piled-high-5-bills.htmlhttp://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201110141417dowjonesdjonline000481&title=us-runs-1299-trillion-budget-deficit-in-fiscal-2011http://www.zerohedge.com/news/news/10-essential-fiscal-charts-demonstrating-americas-disastrous-conditionhttp://blogs.wsj.com/economics/2011/10/05/nearly-half-of-households-receive-some-government-benefit/


11/43



As for the culprit, there is

no surprise here - all

central planning, all the

time.

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

yearsto pay

off the nationaldebt.

#49The U.S.

national debt

has been

increasing by

an average of

more than 4

billion dollars

per daysince

the beginning

of the Obama

administration.

#50During the

Obama

administration,the U.S.

government

has

accumulated

more debt than

it did from the

time that

George

Washington

took officeto

the time that

Bill Clinton

took office.

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
http://www.cnsnews.com/news/article/obama-has-now-increased-debt-more-all-presidents-george-washington-through-george-hwhttp://www.cnsnews.com/news/article/obama-has-now-increased-debt-more-all-presidents-george-washington-through-george-hwhttp://theeconomiccollapseblog.com/archives/archives/17-national-debt-statistics-which-prove-that-we-have-sold-our-children-and-grandchildren-into-perpetual-debt-slavery


12/43



Tweet 123

Indeed it will - in it

America will pick yet

another president that it so

rightfully deserves.

Average:

Your rating: None Average: 4.3

(24 votes)

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Paul Discusses The

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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 debt-

based. Thatwould 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.

175 SendLike
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13/43



Fri, 12/16/2011 - 14:00

| 1987680

Fri, 12/16/2011 -

14:12 | 1987737

Fri, 12/16/2011- 14:32 |

1987823

Fri,

12/16/2011

- 14:43 |

1987860

Presidential Candidacy,

And Many Other Things

As Disenchantment With

Idiocy Surges, Ron Paul

Support Soars

Is The Fate Of Mitt

Romney's Presidential

Campaign In The Hands Of

A Reuters FOIA Request?

The Political Revolution

Will Not Be Televised

Ron Paul "Faces The

Nation" On September 11

And Other Key Topics

Killtruck

That's some scary

shit.

Jonbutterfly

Ron to Sean

Hannity:

You're

Missing the Point

http://djia.tv/ron-

paul/ron-paul-to-

sean-hannity-youre-

missing-the-point/

NotApplicable

And he

gets paid

damn well

to do so!

redpill

RON

PAUL

MONEY BOMB

TODAY

http://www.ronpaul2012.com/

I've already

sent 500

soon-to-be-

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14/43



Fri,

12/16/2011

- 15:01 |

1987937

Fri,

12/16/2011

- 15:47 |

1988104

worthless

FRNs his

direction, can

you all send

him 100 or 50

please?

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 thepopulation

being

poverty

stricken.

Yardfarmer

not that it

really

makes any

difference,

but your

savior will

only serve

to split

the moron

republican

vote and


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15/43



assure the

pseudo

pickaninny

marionette

another

term

unless

they

invade

Iran, call

the whole

thing anddeclare

martial

law as

they seem

to be

preparing

to do. the

idea of

participating

in yet

another

sham

election

should be

the

occasion

ofimmense

misgiving

at the very

least. but

any

acknowledgment

of

inevitable

would

only leave

the screen

heads,

internet

voyeurs

and

keyboardjockeys

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


16/43



Fri,

12/16/2011

- 15:52 |

1988125

Fri, 12/16/2011

- 14:36 |

1987836

Fri,

12/16/2011

- 14:38 |

1987847

precious

illusions.

you just

got

fleeced.

TheFourthStooge-

ing

Put

me

down

for fifty

clownbux.

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 youhave the three

biggest

douchebags in

Amerika.

My son maybe a

dumb troll, but he

is twice as smart

as that gaggle of

fucktards.

SheepDog-One

Their

job is

to support

politician

masters, thats

all, theyre

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17/43



Fri,

12/16/2011

- 15:22 |

1988016

Fri,

12/16/2011

- 14:41 |

1987854

Fri,

12/16/2011

- 15:10 |

1987971

Fri,

12/16/2011

buttboys.

Pladizow

Presstitutes!

A Lunatic

Bret

Baier.

Whata piece of

shit. He's

damned lucky

I wasn't Ron

Paul last

night.

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 thesame time as

Robot trader. I

also never see

Clark Kent


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18/43



- 15:17 |

1987999

Fri, 12/16/2011

- 15:32 |

1988048

Fri, 12/16/2011 -

14:14 | 1987750

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

beingseing

much

more of

me, then

him, for

awhile.

Rest

assured,

we only

look alike

but are

not the

same

person.

SteveNYC

#51 -

Estimated

number of

wars the hopeless

leadership has

dragged country

into recently.

Pladizow

Birth, Growth,

Maturation,

Decline and

Death - where's

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19/43



Fri, 12/16/2011

- 14:59 |

1987920

Fri,

12/16/2011

- 15:31 |

1988042

America?

An Ex-KGB Operative

will give a hint:

http://www.youtube.com/watch?

v=zeMZGGQ0ERk

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 raisewhen 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/headline-

news/unbelievable-

mother-of-15-

kids-som...

Dr. Acula

>Itwould

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


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20/43



Fri, 12/16/2011 -

14:44 | 1987862

Fri, 12/16/2011

- 15:54 |

1988133

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-likeconditions.

RMolineaux

I am

astounded by

the absolute

absence of logic in

the "collaps"

interview, where he

concludes that all of

the (correct) statisticsthat 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.

11b40

It's the FED

that allows

it all to

happen....or, more

accurately, directs

the show.


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21/43



Fri, 12/16/2011 -

14:56 | 1987906

Fri, 12/16/2011 -

15:01 | 1987938

Fri, 12/16/2011 -

15:14 | 1987984

ReactionToClose...

great post ...

have seen a

few of these ... but

not the aggregate of

'50'. Humbling &numbing ..... and it is

terrifying ...

vast-dom

Scary is the

understatement du

jour!

TeH FeD =

Destruction of moralsand econ systems =

illegal and

unconstitutional.

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 three-

fourths have a

car or truck,

and 31 percent

have two or

more cars or

trucks.

Nearly two-

thirds have

cable or

satellite TV.

Two-thirds


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22/43



Fri, 12/16/2011

- 15:27 |

1988031

Fri, 12/16/2011

- 15:32 |

1988050

Fri, 12/16/2011

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 halfof 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 asa TiVo.

Do I want to switch

places? Of course not,

but 90% of the rest of

the world would.

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.

WhiteNight123129

Not 90% ,

mabe a

good 60%,

it might be 40% in

10 years....


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23/43



- 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
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24/43



Fri,

12/16/2011

- 16:02 |1988162

a roaring

condemnation of

past and current

political/economic

policy in the US.

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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25/43



Fri, 12/16/2011 -

15:19 | 1988004

Fri, 12/16/2011 - 14:02

| 1987686

Fri, 12/16/2011 - 14:03

| 1987689

Fri, 12/16/2011 - 14:27

| 1987690

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#

!

sabra1

#51

500 lamp posts

will be adorned with new

hanging ornaments!

Ahmeexnal

HOPE AND

CHANGE!

hedgeless_horseman

AMER-ICAN

We settle for less!

Buy local you fucking


comments



#34The six

heirs of Wal-

Mart founder

Sam Walton

have a net

worth that is

roughly equal

to thebottom30 percentof

all Americans

combined.
http://www.washingtonpost.com/blogs/blogpost/post/wal-mart-heirs-have-same-net-worth-as-the-bottom-30-percent-of-americans/2011/12/09/gIQAkg6FiO_blog.htmlhttp://search.twitter.com/search?q=%2334http://www.zerohedge.com/users/hedgelesshorsemanhttp://www.zerohedge.com/user/register?destination=node%2F441826%23comment-formhttp://www.zerohedge.com/user/login?destination=node%2F441826%23comment-formhttp://www.zerohedge.com/users/ahmeexnalhttp://www.zerohedge.com/user/register?destination=node%2F441826%23comment-formhttp://www.zerohedge.com/user/login?destination=node%2F441826%23comment-formhttp://www.zerohedge.com/users/sabra1http://www.zerohedge.com/user/register?destination=node%2F441826%23comment-formhttp://www.zerohedge.com/user/login?destination=node%2F441826%23comment-formhttp://www.zerohedge.com/users/pelicanhttp://www.zerohedge.com/users/hedgelesshorsemanhttp://www.zerohedge.com/users/ahmeexnalhttp://www.zerohedge.com/users/sabra1http://www.youtube.com/watch?v=LPPxOP3na5o&feature=player_embedded#http://www.zerohedge.com/users/pelicanhttp://www.zerohedge.com/news/50-economic-numbers-about-us-are-almost-too-crazy-believe#comment-1987690http://www.zerohedge.com/news/50-economic-numbers-about-us-are-almost-too-crazy-believe#comment-1987689http://www.zerohedge.com/news/50-economic-numbers-about-us-are-almost-too-crazy-believe#comment-1987686http://www.zerohedge.com/news/50-economic-numbers-about-us-are-almost-too-crazy-believe#comment-1988004


26/43



Fri, 12/16/2011 -

14:31 | 1987816

Fri, 12/16/2011

- 15:03 |

1987838

Fri,

12/16/2011

- 15:15 |

1987985

Fri,

morons!!!!

Stop sending your capital

out of town, out of state,

and out of the country.

Read The Geography of

Nowhereby Kunstler.

MachoMan

Can't afford

local, what's

your next

suggestion?

hedgeless_horseman

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.

SillySalesmanQu...

AMEN!



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27/43



12/16/2011

- 15:49 |

1988113

Fri,

12/16/2011

- 15:22 |

1988017

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 offthe boat is

only

adding

toxicity to

our

landfills.

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

Login or

register to

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28/43



Fri,

12/16/2011

- 15:37 |

1988041

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 bynature 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 thesituation.

Mind you, I

am not an

apologist for

banks -- I am

just trying to

understand

and articulate

the reality.

hedgeless_horseman

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


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Wouldn't reducing your consumption justaggravate the recession
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29/43



Fri,

12/16/2011

- 15:36 |

1988058

by

reduced

consumption.

It was

caused by

too much

debt.

So, by

your

thinking, shouldn't

reducing

debtappease

the

recession?

If so,

then

reducing

debt can easily

be

accomplished

by

increasing

income

(producing

something)

and

reducingexpenses (consumption).

This is

exactly

what I

advocate

above.

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?

Login or

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30/43



Fri,

12/16/2011

- 15:56 |

1988143

Fri, 12/16/2011

- 14:37 |

1987842

ffart

Theking

steals

all the

children,

forces

them

into

government

indoctrination

camps

where

they're

taught

that

there

wasalways

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.

RafterManFMJ

Stay home?

register to

post comments

Login or

register

to post

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31/43



Fri, 12/16/2011

- 15:24 |

1988023

Fri, 12/16/2011

- 15:29 |

1988035

Fri, 12/16/2011 -

15:50 | 1988116

Fri, 12/16/2011 - 14:03

| 1987692

Sudden Debt

That is

the

biggest

load of crap ever!!

To many peoplelike 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 tothe 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?!

Willzyx

For

most products

other than food,

local doesn't

even exist.

HandymanI'll bet the

bottom 30%

spend 50% of

their net income at

Wallmart.

comments


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32/43



Fri, 12/16/2011 -

14:27 | 1987799

Fri, 12/16/2011

- 14:55 |

1987900

Fri, 12/16/2011 - 14:04

| 1987696

Fri, 12/16/2011 -

15:30 | 1988038

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.

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."

SoNH80

What this

country

needs is a

good nickle cigar.

pods

Other than that

Mrs. Lincoln, how

did you like the

play?

pods

youLilQuantFuker

I dunno. It'snot 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



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Fri, 12/16/2011

- 16:06 |

1988169

Fri, 12/16/2011 - 14:04

| 1987698

Fri, 12/16/2011 -

14:37 | 1987843

Fri, 12/16/2011 -

15:48 | 1988108

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?

hedgeless_horseman

The IRA didn't

win. It sued for

peace. Northern

Ireland is still part

of the UK.

Canaduh

America peaked

with the XFL.

Jumbotron

Homer wouldagree.

http://flowtv.org/wp-

content/uploads/2009/10/xfl.png

Wannabee


comments

Then

the

IRA

fought

back

and

won.


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Fri, 12/16/2011 - 14:04

| 1987701

Fri, 12/16/2011 -

14:13 | 1987739

Fri, 12/16/2011

- 14:29 |

1987810

Fri,

12/16/2011

- 14:45 |

1987865

Priceless...He

Hate Me

sabra1

House Passes $1

Trillion-PlusSpending Bill,

Avoiding Government

Shutdown (Story

Developing)

A Lunatic

Yes, and

guess what?

No one even

had time to read the

mother fucker. Feelingrepresented yet? This

is BULLSHIT.

Kaiser Sousa

Look,

didn't u

get the

memo...this is a

democracy

man...that's whyeverybody

hates....because of

our

freedoms!!!!!!!!!!!

A Lunatic

I'm

stillusing

the original

memo.........

the

Constitution.

I'm old

school............,

Bitchez.


comments



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50 economic numbers about the us that are

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