17 Signs That Most Americans Will Be Wiped Out By The Coming Economic Collapse..

[Ponce]

I only need one......the Fed keeps on printing paper.....go to link for comple article, pretty good.
==================================================

#1 According to a survey that was just released, 76 percent of all Americans are living paycheck to paycheck. But most Americans are acting as if their jobs will always be there. But the truth is that mass layoffs can occur at any time. In fact, it just happened at one of the largest law firms in New York City.

#2 27 percent of all Americans do not have even a single penny saved up.

#3 46 percent of all Americans have $800 or less saved up.

#4 Less than one out of every four Americans has enough money stored away to cover six months of expenses.

#5 Wages continue to fall even as the cost of living continues to go up. Today, the average income for the bottom 90 percent of all income earners in America is just $31,244. An increasing percentage of American families are just trying to find a way to survive from month to month.

#6 62 percent of all middle class Americans say that they have had to reduce household spending over the past year.

#7 Small business is becoming an endangered species in America. In fact, only about 7 percent of all non-farm workers in the United States are self-employed at this point. That means that the vast majority of Americans are depending on someone else to provide them with an income. But what is going to happen as those jobs disappear?

#8 In 1989, the debt to income ratio of the average American family was about 58 percent. Today it is up to 154 percent.

#9 Today, a higher percentage of Americans are dependent on the government than ever before. In fact, according to the U.S. Census Bureau 49 percent of all Americans live in a home that gets direct monetary benefits from the federal government. So what is going to happen when the government handout gravy train comes to an end?

#10 Back in the 1970s, about one out of every 50 Americans was on food stamps. Today, about one out of every 6.5 Americans is on food stamps.

#11 It is estimated that less than 10 percent of the U.S. population owns any gold or silver for investment purposes.

#12 It has been estimated that there are approximately 3 million "preppers" in the United States. But that means that almost everyone else is not prepping.

#13 44 percent of all Americans do not have first-aid kits in their homes.

#14 48 percent of all Americans do not have any emergency supplies stored up.

#15 53 percent of all Americans do not have a 3 day supply of nonperishable food and water in their homes.

#16 One survey asked Americans how long they thought they would survive if the electrical grid went down for an extended period of time. Incredibly, 21 percent said that they would survive for less than a week, an additional 28 percent said that they would survive for less than two weeks, and nearly 75 percent said that they would be dead before the two month mark.

#17 According to a survey conducted by the Adelphi University Center for Health Innovation, 55 percent of Americans believe that the government will come to their rescue when disaster strikes.

http://www.blacklistednews.com/17_Signs_That_Most_Americans_Will_Be_Wiped_Out_By_ The_Coming_Economic_Collapse/26918/0/38/38/Y/M.html

V

[chud]

So in other words, when the schumer hits the fan, it's gonna get ugly.

[Twisted Titan]

#3 46 percent of all Americans have $800 or less saved up.




I have a really hard time wrapping my head around this one.


You mean to say that just under 200 million people DONT have 800 bucks?

Somebody has got to be fudging the numbers

[PatColo]

#3 46 percent of all Americans have $800 or less saved up.




I have a really hard time wrapping my head around this one.


You mean to say that just under 200 million people DONT have 800 bucks?

Somebody has got to be fudging the numbers

Ponce's OP paste job didn't pick up the ref links throughout the article. #3 links to a CNN article,


17 Signs That Most Americans Will Be Wiped Out By The Coming Economic Collapse (http://theeconomiccollapseblog.com/archives/not-prepared-17-signs-that-most-americans-will-be-wiped-out-by-the-coming-economic-collapse)

June 25, 2013 Print Version (http://blacklistednews.com/?news_id=26918&print=1)




By Michael Snyder of The Economic Collapse blog

(http://theeconomiccollapseblog.com/archives/not-prepared-17-signs-that-most-americans-will-be-wiped-out-by-the-coming-economic-collapse)

The vast majority of Americans are going to be absolutely blindsided by what is coming. They don't understand how our financial system works, they don't understand how vulnerable it is, and most of them blindly trust that our leaders know exactly what they are doing and that they will be able to fix our problems. As a result, most Americans are simply not prepared for the massive storm that is heading our way. Most American families are living paycheck to paycheck, most of them are not storing up emergency food and supplies, and only a very small percentage of them are buying gold and silver for investment purposes. They seem to have forgotten what happened back in 2008.



When the financial markets crashed, millions of Americans lost their jobs. Because most of them were living on the financial edge, millions of them also lost their homes. Unfortunately, most Americans seem convinced that it will not happen again. Right now we seem to be living in a "hope bubble" and people have become very complacent. For a while there, being a "prepper" was very trendy, but now concern about a coming economic crisis seems to have subsided. What a tragic mistake. As I pointed out yesterday, our entire financial system is a giant Ponzi scheme (http://theeconomiccollapseblog.com/archives/the-biggest-ponzi-scheme-in-the-history-of-the-world), and there are already signs that our financial markets are about to implode once again (http://theeconomiccollapseblog.com/archives/if-the-yield-goes-significantly-higher-the-market-is-going-to-freak-out).


Those that have not made any preparations for what is coming are going to regret it bitterly. The following are 17 signs that most Americans will be wiped out by the coming economic collapse...



#1 (http://search.twitter.com/search?q=%231) According to a survey that was just released, 76 percent (http://money.cnn.com/2013/06/24/pf/emergency-savings/index.html?iid=HP_Highlight) of all Americans are living paycheck to paycheck. But most Americans are acting as if their jobs will always be there. But the truth is that mass layoffs can occur at any time. In fact, it just happened at one of the largest law firms in New York City (http://www.businessinsider.com/weil-gotshal-lays-off-lawyers-and-staff-2013-6).


#2 (http://search.twitter.com/search?q=%232) 27 percent (http://www.usatoday.com/story/money/personalfinance/2013/06/24/americans-emergency-savings/2445965/) of all Americans do not have even a single penny saved up.


#3 (http://search.twitter.com/search?q=%233) 46 percent (http://money.cnn.com/2013/06/24/pf/emergency-savings/index.html?iid=HP_Highlight) of all Americans have $800 or less saved up.


#4 (http://search.twitter.com/search?q=%234) Less than one out of every four Americans has enough money stored away to cover six months of expenses (http://money.cnn.com/2013/06/24/pf/emergency-savings/index.html?iid=HP_Highlight).


#5 (http://search.twitter.com/search?q=%235) Wages continue to fall even as the cost of living continues to go up. Today, the average income for the bottom 90 percent of all income earners in America is just $31,244 (http://www.oftwominds.com/blogjun13/bifurcation-nation6-13.html). An increasing percentage of American families are just trying to find a way to survive from month to month.


#6 (http://search.twitter.com/search?q=%236) 62 percent of all middle class Americans say that they have had to reduce household spending (http://www.foxnews.com/politics/2012/08/22/middle-class-suffers-worst-decade-in-modern-history-report-says/) over the past year.


#7 (http://search.twitter.com/search?q=%237) Small business is becoming an endangered species in America. In fact, only about 7 percent (http://theeconomiccollapseblog.com/archives/they-are-murdering-small-business-the-percentage-of-self-employed-americans-is-at-a-record-low) of all non-farm workers in the United States are self-employed at this point. That means that the vast majority of Americans are depending on someone else to provide them with an income. But what is going to happen as those jobs disappear?


#8 (http://search.twitter.com/search?q=%238) In 1989, the debt to income ratio of the average American family was about 58 percent (http://www.ritholtz.com/blog/2012/09/the-middle-class/). Today it is up to 154 percent (http://www.ritholtz.com/blog/2012/09/the-middle-class/).


#9 (http://search.twitter.com/search?q=%239) Today, a higher percentage of Americans are dependent on the government than ever before (http://thetruthwins.com/archives/21-facts-about-rising-government-dependence-in-america-that-will-blow-your-mind). In fact, according to the U.S. Census Bureau 49 percent (http://news.investors.com/Article/598993/201201260805/entitlements-soar-under-president-obama.htm) of all Americans live in a home that gets direct monetary benefits from the federal government. So what is going to happen when the government handout gravy train comes to an end?


#10 (http://search.twitter.com/search?q=%2310) Back in the 1970s, about one out of every 50 Americans (http://dailycaller.com/2012/12/09/food-stamp-use-reaches-another-high-in-september-47-7-million-participants/) was on food stamps. Today, about one out of every 6.5 Americans is on food stamps.


#11 (http://search.twitter.com/search?q=%2311) It is estimated that less than 10 percent (http://survivalandprosperity.com/2012/02/09/the-percentage-of-adult-americans-that-own-investment-gold-is/) of the U.S. population owns any gold or silver for investment purposes.


#12 (http://search.twitter.com/search?q=%2312) It has been estimated that there are approximately 3 million (http://endoftheamericandream.com/archives/why-are-preppers-hated-so-much) "preppers" in the United States. But that means that almost everyone else is not prepping.


#13 (http://search.twitter.com/search?q=%2313) 44 percent (http://endoftheamericandream.com/archives/55-percent-of-americans-believe-that-the-government-will-take-care-of-them-if-disaster-strikes) of all Americans do not have first-aid kits in their homes.


#14 (http://search.twitter.com/search?q=%2314) 48 percent (http://endoftheamericandream.com/archives/55-percent-of-americans-believe-that-the-government-will-take-care-of-them-if-disaster-strikes) of all Americans do not have any emergency supplies stored up.


#15 (http://search.twitter.com/search?q=%2315) 53 percent (http://endoftheamericandream.com/archives/55-percent-of-americans-believe-that-the-government-will-take-care-of-them-if-disaster-strikes) of all Americans do not have a 3 day supply of nonperishable food and water in their homes.


#16 (http://search.twitter.com/search?q=%2316) One survey asked Americans how long they thought they would survive if the electrical grid went down for an extended period of time. Incredibly, 21 percent (http://www.wnd.com/2012/12/half-of-america-id-kill-to-protect-my-own/) said that they would survive for less than a week, an additional 28 percent (http://www.wnd.com/2012/12/half-of-america-id-kill-to-protect-my-own/) said that they would survive for less than two weeks, and nearly 75 percent (http://www.wnd.com/2012/12/half-of-america-id-kill-to-protect-my-own/) said that they would be dead before the two month mark.


#17 (http://search.twitter.com/search?q=%2317) According to a survey conducted by the Adelphi University Center for Health Innovation, 55 percent (http://www.philly.com/philly/health/HealthDay666756_20120720_Many_Americans_Not_Prepar ed_for_Disasters__Poll.html?cmpid=138896554) of Americans believe that the government will come to their rescue when disaster strikes.


Just because you are living a comfortable middle class lifestyle today does not mean that it will always be that way.


If you doubt this, take a look at what is going on in Greece. Many formerly middle class parents in Greece have become so impoverished that they are actually dumping their children at orphanages (http://www.dailymail.co.uk/news/article-2346622/Orphans-EU-meltdown-The-shocking-picture-shows-middle-class-parents-Greece-dumping-children-orphanages-wont-starve.html?printingPage=true) so that they won't starve...


Scores of children have been put in orphanages and care homes for economic reasons; one charity said 80 of the 100 children in its residential centres were there because their families can no longer provide for them.


Ten percent of Greek children are said to be at risk of hunger. Teachers talk of cancelling PE lessons because children are underfed and of seeing pupils pick through bins for food.




If the U.S. economy crashes and you lose your job, how will you and your family survive?


Will you and your family end up homeless and totally dependent on the government for your survival?


Get prepared while there is still time. If you do not know how to get prepared, my article entitled "25 Things That You Should Do To Get Prepared For The Coming Economic Collapse (http://theeconomiccollapseblog.com/archives/25-things-that-you-should-do-to-get-prepared-for-the-coming-economic-collapse)" has some basic tips, and there are dozens of excellent websites (http://thetruthwins.com/archives/rise-of-the-preppers-50-of-the-best-prepper-websites-and-blogs-on-the-internet) out there that teach people advanced prepping techniques for free.


So there is no excuse. You can trust that Ben Bernanke and Barack Obama have everything under control, but as for me and my family we are going to prepare for the giant economic storm that is coming.


I hope that you will be getting prepared too.

Please enable JavaScript to view the comments powered by Disqus. (http://disqus.com/?ref_noscript)

[Ponce]

So in other words, when the schumer hits the fan, it's gonna get ugly.

The shit doesn't have to hit the fan in order for everything to get ugly.....IT IS UGLY RIGHT NOW so that it will simply get worse when it happens.

Pat? many here simply give you the link (which I do not click on) so be thankfull that I gave you so much...and the reason why I said to "go to the link".

V

[Twisted Titan]

Last week, online lender CashNetUSA said 22% of the 1,000 people it recently surveyed had less than $100 in savings to cover an emergency, while 46% had less than $800.




That was based on 1000 person survey.
And the surveyed the people with the worst money managment skills.
I dont think 200 million people fall into that demographic.

[singular_me]

sheeple may not wake up but if they do the collapse will be catalyst

the money game is the ultimate illusion - for the best and the worse..

[mick silver]

Last week, online lender CashNetUSA said 22% of the 1,000 people it recently surveyed had less than $100 in savings to cover an emergency, while 46% had less than $800.




That was based on 1000 person survey.
And the surveyed the people with the worst money managment skills.
I dont think 200 million people fall into that demographic.
i know a few who own more then they can ever pay back . there are alot living day to day in this country i do see it . but again there are alot of saver in this country that one day will wake up and see there paper gone .