For us here the Number Too Crazy to Believe is on the chart above, when Bitcoin has reached parity with heavily manipulated Gold. Now, while Central Banks around the world are busy busting Bitcoin Bubble, trying to kill the idea of any competition, it is very important to look at the big economic picture.
Michael Snyder provides very vivid compilation of facts about the state of the real economy, which we would like to share today.
#2 Because of the lack of jobs, poverty is spreading like wildfire in the United States. According to the most recent numbers from the U.S. Census Bureau, an all-time record
49.2 percent of all Americans are receiving benefits from at least one government program each month.
#3 As society breaks down, the government feels a greater need than ever before to watch, monitor and track the population. For example, every single day the NSA intercepts and permanently stores close to
2 billion emails and phone calls in addition to a whole host of other data.
#4 The Bank for International Settlements says that total public and private debt levels around the globe are now
30 percent higher than they were back during the financial crisis of 2008.
#5 According to a recent
World Bank report, private domestic debt in China has grown from 9 trillion dollars in 2008 to 23 trillion dollars today.
#7 The six largest banks in the United States (JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley) have collectively gotten
37 percent larger over the past five years.
#8 The U.S. banking system has 14.4 trillion dollars in total assets. The six largest banks now account for
67 percent of those assets and all of the other banks account for only
33 percent of those assets.
#10 The five largest banks now account for
42 percent of all loans in the United States.
#11 Right now, four of the "too big to fail" banks each have total exposure to derivatives that is well in excess of
40 trillion dollars.
#13 According to the Bank for International Settlements, the global financial system has a total of
441 trillion dollars worth of exposure to interest rate derivatives.
#14 Through the end of November, approximately
365,000 Americans had signed up for Obamacare but approximately
4 million Americanshad already lost their current health insurance policies because of Obamacare.
#16 At this point,
82.4 million Americans live in a home where at least one person is enrolled in the Medicaid program.
#17 It is has been estimated that Obamacare will add
21 million more Americans to the Medicaid rolls.
#18 It is being projected that health insurance premiums for healthy 30-year-old men will rise by an average of
260 percent under Obamacare.
#20 Back in 1999,
64.1 percent of all Americans were covered by employment-based health insurance. Today, only
54.9 percent of all Americans are covered by employment-based health insurance.
#21 The U.S. government has spent an astounding
3.7 trillion dollarson welfare programs over the past five years.
#22 Incredibly,
74 percent of all the wealth in the United States is owned by the wealthiest 10 percent of all Americans.
#23 According to Consumer Reports, the number of children in the United States taking antipsychotic drugs
has nearly tripled over the past 15 years.
#24 The marriage rate in the United States has fallen to an all-time low. Right now it is sitting at a yearly rate of just
6.8 marriages per 1000 people.
#25 According to a shocking new study, the average American that turned 65 this year will receive
$327,500 more in federal benefits than they paid in taxes over the course of their lifetimes.
#26 In
just one week in December, a combined total of more than 2000 new cold temperature and snowfall records were set in the United States.
#27 According to the U.S. Census Bureau, median household income in the United States has fallen
for five years in a row.
#29 Only
47 percent of all adults in America have a full-time job at this point.
#31 If you assume that the labor force participation rate in the U.S. is at the long-term average, the unemployment rate in the United States would actually be
11.5 percent instead of 7 percent.
#32 In November 2000,
64.3 percent of all working age Americans had a job. When Barack Obama first entered the White House,
60.6 percent of all working age Americans had a job. Today, only
58.6 percent of all working age Americans have a job.
#33 There are
1,148,000 fewer Americans working today than there was in November 2006. Meanwhile, our population has grown by more than 16 million people during that time frame.
#34 Only
19 percent of all Americans believe that the job market is better than it was a year ago.
#35 Just
14 percent of all Americans believe that the stock market will rise next year.
#37 Twitter is a seven-year-old company that has never made a profit. It actually
lost 64.6 million dollars last quarter. But according to the financial markets it is currently worth about 22 billion dollars.
#39 Total consumer credit has risen by a whopping
22 percent over the past three years.
#40 Student loans are up by an astounding
61 percent over the past three years.
#41 At this moment, there are
6 million Americans in the 16 to 24-year-old age group that are neither in school or working.
#43 It is hard to believe, but in America today one out of every ten jobs is now filled
by a temp agency.
#44 Middle-wage jobs accounted for
60 percent of the jobs lost during the last recession, but they have accounted for only
22 percent of the jobs created since then.
#45 According to the Social Security Administration,
40 percent of all U.S. workers make less than $20,000 a year.
#48 When Barack Obama took office, the average duration of unemployment in this country was 19.8 weeks. Today, it is
37.2 weeks.
#49 Investors pulled an astounding
72 billion dollars out of bond mutual funds in 2013. It was the worst year for bond funds ever.
#50 Small business is rapidly dying in America. At this point,
only about 7 percent of all non-farm workers in the United States are self-employed. That is an all-time record low.
#51 The six heirs of Wal-Mart founder Sam Walton have as much wealth as the bottom one-third of all Americans
combined.
#52 Once January 1st hits, it will officially
be illegal to manufacture or import traditional incandescent light bulbs in the United States. It is being projected that millions of Americans will attempt to stock up on the old light bulbs before they are totally gone from store shelves.
#53 The Japanese government has estimated that approximately
300 tons of highly radioactive water is being released into the Pacific Ocean from the destroyed Fukushima nuclear facility every single day.
#54 Back in 1967, the U.S. military had
more than 31,000 strategic nuclear warheads. That number is already being cut down to 1,550, and now Barack Obama wants to reduce it
to only about 1,000.
#56 Wal-Mart recently opened up two new stores in Washington D.C., and
more than 23,000 people applied for just 600 positions. That means that only about 2.6 percent of the applicants were ultimately hired. In comparison, Harvard offers admission to
6.1 percent of their applicants.
#57 At this point,
almost half of all public school students in America come from low income homes.
#58 Tragically, there are
1.2 million students that attend public schools in the United States that are homeless. That number has risen by 72 percent since the start of the last recession.
#59 According to a
Gallup poll that was recently released, 20.0 percent of all Americans did not have enough money to buy food that they or their families needed at some point over the past year. That is just under the all-time record of 20.4 percent that was set back in November 2008.
#60 The number of Americans on food stamps has grown from
17 million in the year 2000 to more than
47 million today.
#64 According to
one survey, approximately 75 percent of all American women do not have any interest in dating unemployed men.
#68 It is being projected that the number of Americans on Social Security will rise from 57 million today to more than
100 million in 25 years.
#69 Back in 1970, the total amount of debt in the United States (government debt + business debt + consumer debt, etc.) was less than 2 trillion dollars. Today it is
over 56 trillion dollars.
#72 If the U.S. national debt was reduced to a stack of one dollar bills it would circle the earth at the equator
45 times.
#74 The U.S. national debt is on pace
to more than double during the eight years of the Obama administration. In other words, under Barack Obama the U.S. government will accumulate more debt than it did under all of the other presidents in U.S. history combined.
#75 The federal government is borrowing (stealing) roughly 100 million dollars from our children and our grandchildren every single hour of every single day.
#76 At this point, the U.S. already has more government debt
per capita than Greece, Portugal, Italy, Ireland or Spain.
#78 As of December 5th, 83 volcanic eruptions had been recorded around the planet so far this year. That is a
new all-time record high.
#79 53 percent of all Americans do not have a 3 day supply of nonperishable food and water in their homes.
#80 Violent crime in the United States was up
15 percent last year.
#81 According to a very surprising survey that was recently conducted,
68 percent of all Americans believe that the country is currently on the wrong track.
#82 Back in 1972,
46 percent of all Americans believed that "most people can be trusted". Today, only
32 percent of all Americans believe that "most people can be trusted".
#83 According to a recent Pew Research survey, only
19 percent of all Americans trust the government. Back in 1958,
73 percent of all Americans trusted the government.
So do you have any numbers from 2013 that you would add to this list? If so, please feel free to share them by posting a comment below..."
