This article was written by Michael Snyder and originally published at his Economic Collapse blog.
Editor’s Comment: This debate will be about the epic clash of personalities, and the dramatic fight to the death between the old establishment hacks – epitomized by the corrupt and crumbling Hillary – and the swarms of angry Americans seeking ‘real change’ through the body politic. Hopefully, somewhere in the showdown for democracy, or whatever one wants to bill it, there will be something tangible or even articulately promising about the future of the American people, who have been economically shafted and continuously denied representation in government that gives away everything to the globalist system of domination.
If anything good ever comes out of the lousy, phony and empty presidential election dog-and-pony show, it will be something to stop the bleeding. Trump’s rhetoric has been built around this, and if he were to deliver, it would be important. Hillary waffles lightly on her supposed-opposition to the Trans-Pacific Partnership, and occasional regrets about NAFTA, despite a solid career of undermining the American working force and facilitation of overseas sell-offs of industry, infrastructure and economic advantage.
With the impact of the 2008 collapse, and darker clouds still ahead, this election, past the unforgettable faces of professional wrestling, with one hell of a Bad Guy First-Female-President Hopeful and a smooth-talking saleman/SuperHero caricature of American national sovereignty and pop culture – this is the election that will signify whether America dies a slow painful fall from grace, or whether America revives… what is actually delivered after the order is placed is another matter indeed.
I guess there’s no reason to mention tuning in to see what happens next, since everybody’s already watching. It’s about as easy to look away from as a trainwreck.
26 Incredible Facts About The Economy That Every American Should Know For The Trump-Clinton Debate
by Michael Snyder
Are you ready for the most anticipated presidential debate in decades? It is being projected that Monday’s debate between Donald Trump and Hillary Clinton could potentially break the all-time record of 80 million viewers that watched Ronald Reagan and Jimmy Carter debate back in 1980. Many Americans probably hope to see some personal fireworks between the two nominees, but the two candidates have both expressed a desire to focus on substantive issues. There will likely be quite a few questions about the economy, and without a doubt this is an area where Trump and Clinton have some very sharp differences. The mainstream media would have us believe that the U.S. economy is in pretty good shape, and if that was true that would seem to favor Clinton. But is it actually true? The following are 26 incredible facts about the economy that every American should know for the Trump-Clinton debate…
#1 When Barack Obama entered the White House, the U.S. government was 10.6 trillion dollars in debt. Today, the U.S. government is 19.5 trillion dollars in debt, and Obama still has several months to go until the end of his second term. That means that an average of more than 1.1 trillion dollars will be added to the national debt during his presidency. We are stealing a tremendous amount of consumption from the future to make the economy look much, much better than it otherwise would be, and we are systematically destroying the future in the process.
#2 As Obama prepares to leave office, the rate at which we are adding to the national debt is actually increasing. During the fiscal year that is just ending, the U.S. government has added another 1.36 trillion dollars to the national debt.
#3 It isn’t just the federal government that is on a massive debt binge. Total U.S. corporate debt has nearly doubled since the end of 2007.
#4 Default rates on U.S. corporate debt are the highest that they have been since the last financial crisis.
#5 Corporate profits have fallen for five quarters in a row, and it is being projected that it will be six in a row once the final numbers for the third quarter come in.
#6 During the month of August, commercial bankruptcy filings were up 29 percent compared to the same period a year ago.
#7 The rate of new business formation in the United States dropped dramatically during the last recession and has hovered at that new lower level ever since.
#8 The Wall Street Journal says that this is the weakest “economic recovery” since 1949.
#9 Barack Obama is on track to be the only president in all of U.S. history to never have a single year when the U.S. economy grew by at least 3 percent.
#10 In August, the Cass Freight Index dipped to the lowest level that we have seen for that month since 2010. What this means is that the total amount of stuff being shipped around the country by air, by rail and by truck is really dropping, and this is a clear sign that real economic activity is slowing down in a major way.
#11 Capital expenditure growth has turned negative, and history has shown that this is almost always followed by a new recession.
#12 The percentage of Americans with a full-time job has been sitting at about 48 percent since 2010. You have to go back to 1983 to find a time when full-time employment in this country was so low.
#13 The labor force participation rate peaked back in 1997 and has been steadily falling ever since.
#14 The “inactivity rate” for men in their prime working years is actually higher today than it was during the last recession.
#15 The United States has lost more than five million manufacturing jobs since the year 2000 even though our population has become much larger over that time frame.
#16 If you can believe it, the total number of government employees now outnumbers the total number of manufacturing employees in the United States by almost 10 million.
#17 One study found that median incomes have fallen in more than 80 percent of the major metropolitan areas in this country since the year 2000.
#18 According to the Social Security Administration, 51 percent of all American workers make less than $30,000 a year.
#19 The rate of homeownership in the U.S. has fallen every single year while Barack Obama has been in the White House.
#20 Approximately one out of every five young adults are currently living with their parents.
#21 The auto loan debt bubble recently surpassed the one trillion dollar mark for the first time ever.
#22 Auto loan delinquencies are at the highest level that we have seen since the last recession.
#23 In 1971, 61 percent of all Americans were considered to be “middle class”, but now middle class Americans have actually become a minority in this nation.
#24 One recent survey discovered that 62 percent of all Americans have less than $1,000 in savings.
#25 According to the Federal Reserve, 47 percent of all Americans could not even pay an unexpected $400 emergency room bill without borrowing the money from somewhere or selling something.
#26 The number of New Yorkers sleeping in homeless shelters just set a brand new record high, and the number of families permanently living in homeless shelters is up a whopping 60 percent over the past five years.
Despite all of the facts that you just read, the truth is that there is one particular group of people that have been doing quite well during the Obama years. I really like how Charles Hugh Smith made this point in one of his recent articles…
The top 5% of households that dominate government, Corporate America, finance, the Deep State and the media have been doing extraordinarily well during the past eight years of stock market bubble (oops, I mean boom) and “recovery,” and so they report that the economy is doing splendidly because they’ve done splendidly.
By recklessly creating money out of thin air and pumping it into the financial markets, the Federal Reserve has greatly enriched the elite, but they have also dramatically increased the gap between the very wealthy and the rest of us. Since he has been in the White House during this time, Barack Obama has gotten the credit for this temporary stock market bubble, and most of the elite love Obama anyway.
But in the process the stage has been set for the greatest economic and financial implosion in U.S. history, and the pain that is coming is going to affect every man, woman and child in this country.
During the debate, Trump and Clinton will talk a lot about tinkering with tax rates and regulations, but those measures are essentially going to be meaningless when compared to the massive economic tsunami that is coming. The next president is going to inherit the biggest economic problems that this nation has ever faced, and it is going to take a miracle of Biblical proportions to turn the U.S. economy in the right direction.
This article was written by Michael Snyder and originally published at his Economic Collapse blog.
Michael T. Snyder is a graduate of the University of Florida law school and he worked as an attorney in the heart of Washington D.C. for a number of years.
Today, Michael is best known for his work as the publisher of The Economic Collapse Blog and The American Dream.
If you want to know what is coming and what you can do to prepare, read his latest book [amazon text=Get Prepared Now!: Why A Great Crisis Is Coming & How You Can Survive It&asin=150522599X].
Good, true read.
I’ll repeat it again..
Neither Trump or Hillary will be inaugurated as the next President.
If Satan had a son he would look like obama.
In the 3rd sentence of #1 either “average of 1.1” is wrong or you need to add “during each each YEAR of his presidency”
To make a long story short its over no matter what. There a war coming to the streets of America. Good night & good luck.
My barrel will be hot.
agree with (MENZ.)Just finished Fine tuning some yesterday. and going to work on some more.
To make a long story short its over no matter what. There a war coming to the streets of America. Good night & good luck.
Remember traitors like that scum muslim convert 49ers football idiot colin Kaeputz. He is a disgrace to us all.
He should be unemployed.
We have ISIS and other extremist Muslim groups BOASTING how they plan and WILL have terror attack in our country.
The dangers of OPEN borders. And these are the ones that were CAUGHT…
Leaked FBI Data Reveal 7,700 Terrorist Encounters in USA in One Year; Border States Most Targeted
Hilary supports the Obama plan to have the southern border unprotected and to INCREASE immigration.
for this issue, and this issue ONLY, killary is absolutely unqualified to lead a friggin’ church choir, let alone a gubmint position….hammer this one home, donald….it’s THE issue……you don’t even NEED to talk about anything else….this issue is JOB-ONE for the president….including the president we have NOW…..barrawk? are you lis’nin’?
She’d be great for the satanic church choir director.
Agreed, and/or sent to a scum muslim country. These athletes are the wrong role models for our children. Most are strong physically but extremely weak-minded. There are a few exceptions but not many.
I believe the next president will see an economic collapse, the likes of which the planet has never seen. In 2008, then Congressman Ron Paul stated the TARP bailouts were a huge mistake, that we should let capitalism run its course, and allow the “too big to fail” corporations to die. According to Dr. Paul, this would cause an almost immediate economic depression, but in less than 5 years the economy would be on the right track. On the other hand, bailing these businesses out of the hole they dug for themselves dooms the US economy and, according to Dr. Paul, will cause a depression that could well last for 15 to 20 years!
From what I’ve heard from listening to Peter Schiff, Gerald Celente, and Dr. Paul, I feel the time of reckoning is upon us. I hope I’m wrong, but the writing is on the wall.
Awesome post. Thanks for sharing!
I think it will depend on who they actually dump into the position, if its Trump who somehow manages to get in we can pretty much plan on the worst as the main stream political machine hates him, not so sure what will go down if they slide hillery in there, she is one of them.
Personally, im sick of this crap,
People have no class or morals anymore, the media glorifies trash like these nfl players taking a knee, IMHO, we need to have thes country blown to shreds to teach these self indulgent overrated POS a lesson
Hillary got a front row seat for supporter Mark Cuban at tonight’s debate. Trump responds and got Gennifer Flowers a front row seat at the debates, and now Paula Jones wants a ticket also to join Gennifer. And now Anita Broaddrick wants a ticket for front row seats also to Troll Hillary.
I’d love to see a good cat fight, link: ht tp://www.thegatewaypundit.com/2016/09/paula-jones-want-attend-presidential-debate/
I would love to see that idiot cuban try and heckle trump then be berated by Trump like only he can, then thrown out by security, cuban is a jerk
Another consideration is that the funding available for social security, medicare, obamacare, etc. are affected by the national income. All the social welfare programs at the state and local levels are also affected by economic downturns. At a time that the demand for such programs (unemployment, welfare payments, etc) are highest, tax revenues are at their lowest. The options are to either print more money (runaway inflation) or take money from people’s savings.
“…options are to either print more money (runaway inflation) or take money from people’s savings”
They will do both.
Why limit it to just one?
“Before They Exchange Blows”: Economic Facts Americans Should Remember in Trump-Clinton Debate
Giant Douche(trump) vs Turd Sandwich(hillary)
OK America, How did that Obama Hope and Change work out for ya the last 8 years? All you got now is Hoping you have some spare Change to buy food for today. Oops, you got that EBT card on ya now to keep you in the Democrats Voting Pool.
~WWTI… This election basically comes down to “Hard Working Tax Payers” vs. “Free Shit Army of Losers.”
Worked out just great, thats why im hopeful everything gets turned to ash
Hope and Change worked out great if you are a socialist and want to live on the government cheese.
Too many mice.
Not enough Pipers, Traps or Cats.
If Clinton gets in, the coming Financial collapse will be blamed on Obama. If Trump gets in, the collapse will be blamed on him.
The economy is going down no matter who gets in office. Like you say, they’ll blame Trump if he’s in office. If the Hildabeast wins, “it’s those damn deplorables. Take their guns away.”
Personally im sick of this crap, these two are our choices,,,what a joke,
Then pile on top of that these assholes in DC who do nothing but create a huge sucking sound, sure bring in more refugees when we dont even take care of our own homeless, buncha special idiot NFL players who think black asses matter more than anyone else, cops who are supposed to let the thugs beat them up and draw down on them according to the entitled black asses, all these muzzies who think their religion matters more than others,,, banks openly stealing from people and being rewarded for it, and then allllll these people screaming to ditch the constitutional protections we have,,,
I say let it come unglued, teach these turds they better be careful what they ask for, i told a few people i know that very thing this weekend, that should hillery get in they better not bitch when she tries to one up billy bob and does an outright ban on military pattern weapons,, and she will, and when she does, all hell is going to break loose, kjust look at the mess this country is in, the only way the government can re capitalize is to steal everybodys money and posessions, who better than a mao coat wearing bitch,,,,
I say screw em, go ahead, make it happen,
And now we get moderated,,,,
Ted Cruz also endorsed Donald J Trump.. And now this…
Heidi Cruz Returns to Goldman Sachs in New Role in Houston
09-24-2016 • http://www.bloomberg.com, Dakin Campbell
Heidi Cruz, who left Goldman Sachs Group Inc. last year to help her husband Ted Cruz in his quest for the Republican presidential nomination, is returning to the bank in a newly created role in the Houston office.
Back to business as usual. Ted Cruz is in the bag for Monsanto to poison the world. Monsanto was just bought by the other Poison maker Bayer.
Charlotte Rioters Demographics. Who is behind the Riots? Charlotte Police say 70% of Arrested Rioters had out of State Drivers Licenses. Link: http://www.zerohedge.com/news/2016-09-22/who-behind-riots-charlotte-police-says-70-arrested-protesters-had-out-state-ids
So how about we go arrest the financial supporters of these rioters. Like Go Arrest George Soros, and confiscate his wealth to pay and compensate for the police costs and the damage caused by Soros in Charlotte, Ferguson, etc. We want real justice with teeth.
Another tool is that anybody who riots be black balled, and will loose ALL LIFE-TIME Benefits for Welfare and EBT Food Stamp cards.
Lets get on that..
You are correct. In my happy world, anyone funding these riots including BLM, Soros etc…would have assets seized to recoup costs associated with any riots their people start up. It seems like i read somewhere that BLM has a $100MM warchest. You can fix a lot of storefronts, replace a lot of cop cars, pay a lot of OT etc… with that type of money. Soros…the minute his plane touched down he would be in handcuffs and assets would be forfeited. He would stay like that until he has a good general understanding that he will no longer support these idiotic Anti-American groups. He has made billions off of America then turns the money around and uses it to try and wreck us. Really pisses me off.
***DUMBASS OF THE DAY (decade)***
Al Sharpton Wants White People ARRESTED If They Do This…
Now, Sharpton wants it to make it illegal for a white person to shoot a black person, even if it’s in self-defense!
During a radio interview, Sharpton explained that even if a crime is being committed, there should be no legal or legitimate reason for victims to shoot back.
I would love to beat him with a baseball bat, to death.
Menzo, if I ever have to shoot a black turd in self-defense, then so be it. Anyone who tries to interfere with any of my self-defense efforts will get a dose of the same. sharpton and the rest of the black turds can go f#$% themselves.
I was thinking my titanium framing hammer, think i would use the claw side
I like the hammer idea! Damn blood splatter either way.
Keep in mind that here in Hawaii, it is illegal to use a gun or any form of deadly force to defend yourself in a public place. So Al just wants to share Hawaiian law with the rest of America.
posted way too fast,
Remember to invite him into your home so it isn’t a public place.
So Al Sharpton has now put Black People on some kind of Endangered Species List.
THE BLACK TRASH BOY NAMED AL SHARPTON CAN KISS MY WHITE ASS!
New York Times is reporting that Hillary won the debate!
They will publish the article after the debate takes place later tonight…..
If she lives through it. No matter how bad she tanks. The liberal media will claim she won. And they will publish fake poll numbers to put cankles 50 points ahead.
“And they will publish fake poll numbers to put cankles 50 points ahead.”
… video worth reposting … “cankles”
Hitler Rants about Hillary’s Cankles
Clinton, Trump buff foreign policy bona fides on debate eve
Hillary Clinton and Donald Trump were meeting separately with Israeli Prime Minister Benjamin Netanyahu Sunday, giving each candidate fresh foreign policy talking points on the eve of their first presidential debate.
Note: The United States belongs to Israel.
We are just screwed.
Reading those 26 facts should put any prepper into overdrive. We are so far in the hole I do not believe we can dig ourselves out. Then there are those who are ready and have the means to tank the financial markets.
Lots of fun then.
As far as the debates go. Some people are watching to see if Trump goes ballistic with a temper tantrum. While others want to see if Hillary strokes out.
The majority don’t care what the candidates say.
Russia Prepares for War, Plans to Move Thermonuclear ICBMs to Border
Published: September 25, 2016
Source: Kurt Nimmo, Blacklisted News Exclusive
Last week TASS reported Russia’s western-most ICBM division will be rearmed with the RS-24 Yars missile system. Yars is a MIRV-equipped, thermonuclear, intercontinental ballistic missile that can reportedly carry up to 10 independently targetable warheads. The ICBM RS-24 Yars constitutes the backbone of Russia’s strategic missile force. “The westernmost strategic missile force division in the Tver region will soon begin to be rearmed with the missile system Yars. It will be a sixth strategic missile division where the newest mobile ground-based missile complexes will replace the intercontinental ballistic missile Topol,” Sergey Karakayev, the commander of Russia’s Strategic Missile Force told the news agency.
So what each of our trident subs has 24 trident missiles and each missile has 16 war heads that can target 16 separate locations any where in the world and that was 40 years ago. So We still have those and whole lot of scary shit that’s still top secret.
I agree. No one is waiting to have their mind made up during the debate. Every one watching is hoping someone will really screw up bad. Hillary falls off of her platform or Donald slips up, on air. and calls her a c*nt.
Placing the Clinton’s back into the Shit House in D.C. is moronic and pure evil. This has been the plan since before 9-11. The establishment that passed off the half black illegal usurper as hope and change now believe a “woman” is a sure thing and a shoo in to pacify the dumbed down masses, and more importantly to continue the 9-11 coverup and much more inside criminality. If action to stop the corruption was going to happen that would have happened before now. More of the same liars lined up to represent the highest bidder, all across the House and Senate and every elective position in this nation. Bribe payoff money is the universal language of politicians. Everything will continue to implode until the people are forced into mass objection. An excuse for government to wage actual full scale murder against its own population. The wealthy will never share unless it means greater profits to add to their billions and more. Hang them all for treason. A corporation is no way to run a country.
All she has to do is get him to say anything even remotely racist.
One soundbyte is all it will take. The media will do the rest over the next 3 weeks.
Then promise everyone free shit.
Slam dunk. It would take stupidity of epic magnitudes to fuck this one up.
If a financial collapse occurs and food becomes impossible to afford. Those large buildings could be turned into “soup kitchens” rather than holding pens or prisons. Folding tables and chairs are going to be needed. Large pots, burners, ovens, utensils, and silverware or plastic ware and paper plates and disposable cups, or unbreakable cups and plates, will be required to feed hungry people.
Churches and concerned citizens should establish food pantries now. There are already hungry people. It is either plan for the inevitable or get hit with the consequences of not planning. We know that smart people are already buying canned goods, dried goods, and planting edible trees, shrubs, perennial vegtable gardens; stocking up on canning jars, ingredients, accessories, and appliances such as a canning pressure cooker. And learning the skills required. Which is not hard but the more practice, the better.
__ basic home tools should be purchased and maintained in good working condition.
__ good luck friends⛺️
B from CA.
Knock your socks off.
Is Hillary going to use a earpiece to prompt her should she stumbles for an answer?
They don’t allow unfair communication in the NFL when that happens.