80% of AMERICANS WILL FACE NO JOBS, POVERTY AND NO ECONOMIC RECOVERY

 Four out of five US adults come to grips with joblessness, near-poverty or reliance on welfare for at least some parts of their lives. Over 41 percent of the nation's poor are whites, according to a new report.

In 2011, 46.2 million people in the US were living in poverty and the nation's official poverty rate was 15 percent, up from 14.3 percent in 2009, according to the US Census Bureau. That figure appears to be the highest number seen in the 52 years for which poverty estimates have been recorded.

Although poverty rates for blacks and Hispanics are proportionately nearly three times higher, by absolute numbers the predominant face of the poor is white, the latest report shows. Economic insecurity among whites is said to be more common than is shown in the government's poverty data, engulfing over 76 percent of white adults by the time they turn 60, according to a new economic gauge being published next year by Oxford University Press.

Pessimism has been steadily growing across the country, with 63 percent of whites describing the US economy as 'poor' in the most recent AP-GfK poll. It's believed that he growing gap between rich and poor and the loss of good-paying manufacturing jobs are to blame.

"If you do try to go apply for a job, they're not hiring people, and they're not paying that much to even go to work," a Buchanan County resident, 52-year-old Irene Salyers said, adding that where she lives children have "nothing better to do than to get on drugs."

Almost one out of sixteen people in the USA are living in deep poverty. The risks of poverty have been growing in recent decades, especially among people aged 35-55. For instance, people aged 35-45 had a 17 percent risk of encountering poverty during 1969-1989; the risk increased to 23 percent during the period 1989-2009.

Over 19 million whites fall below the poverty line of $23,021 for a family of four, accounting for over 41 percent of the US destitute, nearly double the number of poor blacks, according to the survey data revealed by AP. By 2030 up to 85 percent of all working-age adults in the US will experience economic insecurity.

Although by race, non-whites still have a higher risk of being economically insecure, compared with the official poverty rate, some of the biggest increases under the newer measure are among whites, with over 76 percent experiencing bouts of joblessness, life on welfare or near-poverty.


The share of children living in high-poverty neighborhoods — those with poverty rates of 30 percent or more — has increased to one in 10, putting them at higher risk of teenage pregnancy or dropping out of school. Non-Hispanic whites accounted for 17 percent of the child population in such neighborhoods, compared with 13 percent in 2000, even though the overall proportion of white children in the US has been declining.

The share of black children in high-poverty neighborhoods dropped from 43 percent to 37 percent, while the share of Latino children went from 38 percent to 39 percent.

According to the nation's leading domestic hunger-relief charity Feeding America, over 16 million children under the age of 18 (21 percent) were in poverty in 2011.

"It's time that America comes to understand that many of the nation's biggest disparities, from education and life expectancy to poverty, are increasingly due to economic class position," a Harvard professor who specializes in race and poverty William Julius Wilson told AP.

"There is the real possibility that white alienation will increase if steps are not taken to highlight and address inequality on a broad front," he warned.








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The Economy Has Never Recovered And The Collapse Is Around The Corner

The Economy Has Never Recovered And The Collapse Is Around The Corner with Today's Guest: Jason Burack







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Jade Helm: Is The U.S. Military Invading Texas?

7 states, 8 weeks and 1200 soldiers. Is America's military exercise, more than just training drill? Is the U.S Government preparing to invade Texas?








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Banking Explained – Money and Credit

Banks are a riddle wrapped up in an enigma. We all kind of know that they do stuff with money we don’t understand, while the last crisis left a feeling of deep mistrust and confusion. We try to shed a bit of light onto the banking system. Why were banks invented, why did they cause the last crisis and are there alternatives?








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Peter Schiff : We're All Slaves To The Federal Government

Alex Jones talks with Peter Schiff about the Civil War and they break down how what really came out of it wasn't the liberation of the slaves, but the turning all of America into one big federal plantation.









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The Flag Returns: ‘It’s not about hatred; it’s about heritage’

Maria Finoshina travels to Alabama to get another perspective on the controversy surrounding the Confederate battle flag. She speaks with flag makers who don’t believe the flag represents racism or treason, but instead see it as a representation of their Southern identity and family lineage.








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A Greek Revolution Is Imminent

 With great reluctance, the German Parliament has voted in favor of beginning negotiations on the 86 billion euro Greek Bailout deal. 49% of Germans did not want to enter talks over the burden of relieving Greece of its 320 Billion Euro Debt. The credit control limits on the restriction to withdraw only 60 Euros per day will only be eased gradually. While a rise in the Value Added Tax will rise from 13% to 23% in the next few days. Raising prices on everything, in a country struggling with a broken infrastructure. Economist John Perkins suggested Greece turn to China’s banks rather than kneel to the Sovereign sucking IMF and EU monstrosity.

The Greek people are furious. Right Wing Golden Dawn Party Member Ilias Kasidarias tore up the bailout deal,reflecting the rising anger amongst the people of Greece, who voted by 61 percent to reject austerity. Their wishes were ignored.

The terms imposed by the Euro leaders in the all night tug of war negotiations resulted in Greece surrendering much of its sovereignty to outside supervision. Legislation must be passed to cut pensions, a chokehold on collective bargaining agreements and a continuation of spending constraints. Basically, a hell on Earth for the lifestyles of the average Greek citizen. Prime Minister Tspiras is now facing nothing short of a revolution. How do you sell the death of democracy to the birthplace of democracy?

With cotton in their ears to the lowly voices all around them, the globalists are hastily playing their cards as the Eurozone, the demon child conceived in the backrooms of the 1955 Bilderberg meetings, spirals out of control.




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TEXAS GOLD BACKED BANK - New Texas Bank to Challenge The Federal Reserve Fiat Currency System

 
The State of Texas is setting up a gold-backed bank that will allow depositors to bypass the controversial Federal Reserve System and its fiat currency in banking and commerce, according to the state representative who authored the recently enacted law. Under the measure, passed overwhelmingly by lawmakers and signed in mid-June by Republican Governor Greg Abbott, Lone Star State officials will establish and operate the Texas Bullion Depository for anyone who would like to deposit and trade in precious metals. The implications are as big as Texas.

While some analysts have said the move may be another sign heralding Texas’ eventual secession from the union, or preparation for financial Armageddon, its advocates say the depository simply makes financial sense. Among other benefits, the institution will provide more options to consumers weary of the increasingly troubled traditional banking and monetary system, which is viewed by the public with growing suspicion. And experts say the effect of making it easier to use sound money in commerce could be far-reaching.

Among other immediate effects, the law creating the first state-level gold-backed bank in the nation, House Bill 483, will involve repatriating about $1 billion of Texas gold from New York. Conflicting news reports and official statements say the state’s precious metals stockpile is being held either by HSBC in New York, or by the powerful New York Federal Reserve Bank, a privately owned outfit cloaked in secrecy with immense power over the U.S. economy. First, though, officials will need to select a home for the Texas depository.

“Today I signed HB 483 to provide a secure facility for the State of Texas, state agencies and Texas citizens to store gold bullion and other precious metals,” said a statement issued by Governor Abbott

“This exact scenario happened with futures broker MF Global. I knew people who had warehouse receipts to gold bars with a specific serial number. But that gold had an encumbered title and they became unsecured creditors in bankruptcy,” said Weiner. Section A2116.023 of the bill states: “A purported confiscation, requisition, seizure, or other attempt to control the ownership … is void ab initio and of no force or effect.” Effectively, the state of Texas will protect any gold stored in the depository from the federal government.

Distrust in the countries and companies who currently store gold have led Austria, Germany, the Netherlands, Russia and Venezuela to move some of their gold stored in New York, London, and Paris back to home. Patrice is also angry that anyone would dare suggest that it is wise to keep wealth in an alternative to US dollars global reserve currency The only thing the US Constitution says on this matter is that states may not make something other than gold and silver legal tender. I have no doubt that the Feds will attempt to quash the Texas plan using the courts, but an strategy based on the “coin money” clause seems like an unlikely avenue. The feds are more likely to resort to the old standby of “national security” to make a case here. But, I guess “supremacy clause!” is just interventionist code for “we don’t like you, and we’ll come up with some newfangled legal interpretation to make you stop doing stuff we don’t like.” Council of Foreign Relations, where ex-Fed-Chief Alan Greenspan Gold is a currency. It is still, by all evidence, a premier currency. 2008 No fiat currency, including the dollar collapse september october 2015 chart












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Bizarre Tales -- Coast To Coast AM - July 17, 2015

Jay Hansen has been an avid student of the paranormal since he was seven years old. Over the years, he has researched virtually all aspects of the bizarre and supernatural. During the first half of the program, he shared some of the bizarre stories he has encountered. Open Lines followed.


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What will happen if the "Dollar Collapses" In 13 September 2015

 What will happen if the "Dollar Collapses" In 13 September 2015
Maxwell Payne
Why a complete economic collapse in the U.S. is unlikely even if the dollar loses 100% of its value.

Disclaimer: This article is opinion based with likely scenarios derived from logic based situations.

Discussion includes doomsayer fears, logical outcomes, and a good example of how currency value is subjective.

It is well known that the U.S. Federal Reserve continues to print money to pay down debts owed to countries such as China. It is also known that the Fed printed billions to "bail out" banks and create "stimulus" plans to boost the economy.

There are a lot of doomsayers on the internet and in media that say this devalues the U.S. dollar both locally and globally. Technically their claim is correct: each dollar used to be backed by actual gold; that backing was removed in the 1970s and ever since then money could basically just be printed up.
But this is where the doomsayers logic ends. Their belief is that because money's value is only as good as the economy's belief in it, the value can disappear because there is no gold backing the paper money. Once confidence in the dollar is lost, many doomsayers say that the U.S. economy will completely collapse.
A few popular predictions are being made across the internet and in the media by doomsayers:
vanished and now gold is the only accepted currency. The concept cited is "hyperinflation."
When the dollar collapses we will be thrown into a state of chaos and lawlessness. Money will be burned like in Germany a few decades ago due to lost value. People will steal and commit other crimes to stay alive and with no economy there will be no one working to maintain the infrastructure.
Gold and silver will become the standard once again. Which is oddly suspicious, because when you Google anything about the dollar collapsing, you get a lot of sites trying to sell you gold and gold trading schemes.
Since other countries are trying to move the World Reserve Currency away from the U.S. dollar due to decreasing value, the U.S. will be left high and dry by the other countries.
Countries will stop lending to us and the interest on the existing loans will default.
What is likely to happen if the U.S. dollar collapses (based on something known as "logic"). Here are a few possible situations:
1.) The U.S. dollar collapses and there is a brief time of chaos. However the U.S. chief export is consumption, we consume the highest amount of resources and goods in the world. Countries that once sold to us can no longer sell if there is no money, so the dollar could in theory be propped up by another currency. Imagine a dollar backed by the yen, the Euro, or once again by gold.
2.) There are over 300 million "consumers" in the U.S. Other economies would suffer if U.S. citizens suddenly lost all of their money and their spending power. The U.S. could adopt another currency or begin consuming using multiple currencies and abandon the dollar. Financially, it makes little sense to let a huge consumer base collapse and vanish so global companies and countries that export often to us will step in.
3.) Like a repo man coming to collect his due, the countries that the U.S. government owes large amount of debt to will come in to collect their payment. Of course what happens if someone can't pay? Things get taken away. China, a country who the U.S. owes billions to could technically lay claim to the U.S. So we would become a part of another country altogether.
As an interesting side note, some local towns in America have started to print their own currency that is traded and accepted among merchants within the town. This shows an extremely important concept in the debate of what happens if the dollar fails.
The townspeople in these towns aren't backing their local money with gold or other currency, rather they back it with their confidence. The local money has zero actual value; the only reason it is useful for purchases in the town is because businesses and people that accept it agree that is has some value; they can accept it for a sale and take it to another accepting business to trade for goods and services.

This experiment is a microcosm of the national economy and even the global economy, paper money's primary value exists only because the economy continues to believe in its value.
Technically you could pick up an orange and claim that oranges are equivalent to what was once $100. If a lot of people also believed it, you'd be buying and selling in oranges instead of dollars.
In the end one key concept came to mind when trying to dispel the doomsday predictions: As long as you have some currency that the economy sees as having value you can continue to make and spend money. Does it matter if that currency is the U.S. dollar, a Euro, gold, or an orange?





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The Truth About Obama -- The Alex Jones Show July 17 2015

The Alex Jones Show (VIDEO Commercial Free) Friday July 17 2015: Peter Schiff & Chuck Baldwin





 Date: 07/17/2015 --
-Today -
On this Friday, July 17 edition of the Alex Jones Show, we cover how President Obama lectured Americans on respecting Islam before he paid tribute to the four Marines killed by an Islamic terrorist in Chattanooga, Tenn., on Thursday. Obama is really showing off who he really is as his presidency draws to a close. Also, we report on how the Chattanooga shooter's family was known to the FBI for years and how a House Committee passed legislation to create a special domestic terror unit the day before the shooting. In economic news, financial expert Peter Schiff reveals the latest on our declining economy and pastor Chuck Baldwin discusses the Confederate flag controversy. Tune in!






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ISIS attack America. Starts to get dangerous. Then Martial Law

ISIS was tweeting about Chattanooga the same time the attack took place 










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What is Crony Capitalism? | Follow The Money

 This is an excerpt from the Follow the Money Weekly podcast hosted each week by economist and author, Jerry Robinson.

In order to understand the depths of the corruption that permeates Washington and Wall Street, you must first understand what crony capitalism is, and why it is so destructive to America's democratic process.








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