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Tuesday, September 29, 2015

Smoke and Mirrors: Numerous Facts Prove US is Sinking in Poverty

28 percent of all Americans do not have a single cent of savings in case of emergency

Many people are still viewing the United States as a country where most of the population lives in prosperity. However, “The Economic Collapse Blog” released a number of facts that prove that the economic situation in United States is far from ideal.

Many people want to go to America in search of better life and to fulfill their dreams. However, the United States that was once seen as a stronghold of freedom and numerous opportunities has turned into a place where financial elites run the show and turn the country into their personal private army, Marco Maier wrote in Contra Magazine.

The money is being invested into the military apparatus and the intelligence services so that a small upper class can advance its international business. The majority of the population, however, is increasingly sinking in misery, the journalist argued.

Maier referred to “The Economic Collapse Blog” to prove his point of view and cited a number of facts that demonstrate the poor economic situation in the United States.



Anonymous said...

we are on of the 28%. living week to week and you would never know it. we don't try to live above our means, we do whatever we can to pay bills on time, pay our mortgage, etc., but it's been very hard.

I know there are many more just like us that don't complain and don't share their lives as they really struggle.

lmclain said...

But your boss can't raise wages or give any bonuses because he's down to his last 200 rental houses and has his eye on 20 acres of beachfront land in Hawaii.
His wife even threatened to get a job (she's never had one, but hey, she's willing to TRY) if he didn't get her that new Benz.
And his rich banker friend just increased all the fees and surcharges at his bank, too, because they are down to their last 30 billion.
And another friend, CEO of a major credit card company just raised interest rates to 20%. Because he can.
Meanwhile, the WORKERS at these companies just got their health care cut, hours reduced and again, no raise this year.
Keep cheering all that is happening to you. Its like you're stranded in the ocean with nothing but a leaking life preserver and a cruise ship comes steaming by....they don't offer to help and you just give them an ole rebel yell for their success and opulence!
You'll be fish food before they dock again.
Keep cheering.

Anonymous said...

same here