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Posts Tagged ‘US Economy’

How almost half of U.S. population lives in a household that receives state benefits

October 6, 2011 Comments off

Dawn Lucifer’s last ditch effort at trying to save his prized country which is the USA will not be successful. The printing of one and a half trillion dollars to bail out failed and failing banks as well as mortgaging firms will cause a complete collapse of the United States economy. This in turn will start the domino effect of toppling other nations economies that purchase the bonds to cover the rising debt of the new trillion and a half that will be used to try and halt the present financial crisis in the USA market. This will prompt the European Union to take steps in trying to stabilize the world economy by coming to the United States aid. In essence this will be the first step in bringing the USA under the umbrella of its benefactor and force Dawn Lucifer to complete the prophecy as outlined within the Word of our grand Father and Mother Yahweh. It will be an event that will change the world as you all now know it to be.

Almost half of the U.S. population now lives in a household where at least one member receives government benefits, new Census data has revealed.

Analysis during the first quarter of 2010 found that a worrying 48.5 per cent of people lived in households that were dependent on state handouts.

The figure is considerably higher than in the third quarter of 2008, at the height of the recession, when it stood at 44.4 per cent.

The rise has been blamed on high unemployment, poor recovery from the recession, and an increase in the number of government programmes.

Part of Obama’s jobs plan, which he again pushed on Thursday in an hour-long press conference, would further extend jobless benefits.

Obama said Congress needs to pass his $447billion bill quickly to ‘guard against another downturn’ in the economy.

‘There is no doubt the economy is weaker now than it was at the beginning of the year,’ Obama said as he called his plan an ‘insurance policy against a double-dip recession.’

Meanwhile laid-off workers and aging baby boomers are believed to be flooding Social Security’s disability program with benefit claims, pushing the financially strapped system toward the brink of insolvency.

The Census found that 14.5 per cent of people in the U.S. shared a home with a person on Medicare, and 16 per cent lived with someone on Social Security.

But it was means-tested programmes that accounted for the most highly utilised, with 34.2 per cent of the population receiving support from food stamps, subsidised housing and healthcare support from Medicaid.

Compare that with 15.1 per cent of Americans who were below the federal poverty line – $22,000 a year for a family of four.

Applications for means-tested programs are up nearly 50 percent over a decade ago as people with disabilities lose their jobs and can’t find new ones in an economy that has shed nearly 7 million jobs.

Meanwhile, 71 per cent of people say the biggest problem with the welfare system is that too many people receive benefits, according to a poll released in August.

The stampede for benefits is adding to a growing backlog of applicants many wait two years or more before their cases are resolved.

But a trend that will further worry the government, is that as the number of people receiving benefits is rising, so is the number of people exempt from paying tax.

And almost half of all households – 46.4 per cent – will pay no federal income tax this year, according to the nonpartisan Tax Policy Center.

In 2007, the year the recession began, that figure was 39.9 per cent.

GOP presidential candidates have used this detail to canvass that too many Americans are not paying their fair share.

Minnesota Representative Michele Bachmann made the point in July, while former Massachusetts Governor Mitt Romney and Texas Governor Rick Perry have called for the number of people paying income tax to be higher as well.

Most of the people not paying income tax will be affected by payroll tax, though.

Just 18.1 per cent of households, predominantly the nation’s elderly and poorest families, pay neither payroll nor federal income taxes.

Earlier this year President Obama had considered changes to social security and Medicare in an attempt to raise the debt ceiling.

Those ideas were tabled. – Mail Online

U.S. on a pace in 2011 to set a record for cost of weather-related disasters

July 31, 2011 Comments off
WASHINGTON, D.C. – The United States is on a pace in 2011 to set a record for the cost of weather-related disasters and the trend is expected to worsen as climate change continues, officials and scientists said on Thursday.”The economic impact of severe weather events is only projected to grow,” Senator Dick Durbin said at a hearing of the Senate Subcommittee on Financial Services and Government, which he chairs. “We are not prepared. Our weather events are getting worse, catastrophic in fact.”

Durbin, an Illinois Democrat, held a hearing on the role of government in mitigating the economic impact of weather disasters as Republicans in the House of Representatives were considering an appropriations bill with a number of riders designed to curtail environmental regulation.

As of June, the United States has seen eight weather disasters exceeding $1 billion each in damage, and the annual hurricane season has hardly begun, said Kathryn Sullivan, Assistant Secretary of Commerce for Environmental Observation and Prediction and NOAA’s Deputy Administrator.

The record is nine in a single year, 2008. But April alone saw separate tornado, wildfire, flood and drought disasters.

“Any one such a event in a year would be considered quite notable, and we had four in totally different hazard categories in the space of a month,” Sullivan told Reuters.

The costs of weather-disaster damages have climbed past $32 billion for 2011, according to NOAA estimates.

The agency also projects that water flowing into the Gulf of Mexico from record flooding will create the largest-ever “dead zone” from pollutants led by run-off from agricultural chemicals, threatening marine life and threatening the $2.8 billion annual commercial and recreational fisheries. – Mother Nature Network

The LOZ (Lions of Zion, Yahweh’s Elite Warriors) has been successful in that they have been primarily causing collateral damage verses the loss of life. Adding to the monetary loss of this country’s treasury. This being Satan’s throne of authority, the LOZ is nudging him toward his new seat of rulership as he realizes he cannot sustain this country due to the ever mounting debt. The infrastructure – aging bridges, buildings, dams, etc., this all is set for a crumbling-to-ground effect when the LOZ launches its campaign to tremor the fault lines in the USA. That will bring forth the final demise of the already debt ridden nation. They will continue to apply pressure to Satan”s new ruling authority, making it rough water for him to effectively serve as the Antichrist. His unwillingness to relinquish power over his prized child brings with it ramifications he did not expect.

10 Signs That The American People Are Starting To Freak Out About The Condition Of The Economy

July 16, 2011 Comments off

All over America, restlessness and frustration are growing. It has now been almost three years since the great financial crash of 2008, and yet the U.S. economy is still a complete and total mess.  In fact, there are all sorts of signs that things are about to get even worse, and the American people are just about fed up.  Virtually every major poll, survey and measure of consumer confidence shows that the American people are becoming more pessimistic about the economy.  Millions of hard working Americans that worked their fingers to the bone for their employers and that did everything “right” are sitting at home on their couches tonight staring blankly at the television.  Many of them still have a hard time believing that they were laid off and that there is nobody out there that wants to give them a good job.  There are millions of other Americans that won’t get much sleep tonight because they will spend much of the night rolling around in bed wondering how they are possibly going to be able to pay the mortgage.  We have never faced such an extended economic downturn in modern U.S. history, and a lot of people are starting to freak out about the condition of the economy.  As Gerald Celente likes to say: “When people lose everything and have nothing left to lose – they lose it.”

Our economic decline is starting to accelerate and people are starting to panic.  Most Americans may not know why all of this is happening, but what many of them do know is that something in their gut is telling them that things have gone terribly, terribly wrong somehow.

The following are 10 signs that the American people are starting to freak out about the condition of the economy….

#1 Things have already gotten so bad that Americans will literally trample one another just to get on a waiting list for rental assistance vouchers.  Just check out the following excerpt from a local news report about a recent incident in Texas….

At least eight people were hurt Thursday morning while scrambling to line up for a limited number of Dallas County rental vouchers — after waiting for hours in their cars.

People lined up Thursday morning to apply for Dallas County Section 8 housing vouchers. Dallas County sheriff’s spokesman Kim Leach estimated the crowd at about 5,000.

#2 Almost every measurement of consumer confidence is going down.  For example, the Conference Board’s consumer confidence index fell from 61.7 in May to 58.5 in June.

#3 The Reuters/University of Michigan consumer sentiment index has fallen to 63.8 after being at 71.5 in June.  It is now the lowest that it has been since the last recession “ended”.

#4 The Rasmussen Consumer Index is down 9 points from a month ago.

#5 A recent poll taken by Rasmussen found that 68 percent of Americans believe that we are actually in a recession right now.

#6 According to Gallup, the percentage of Americans that lack confidence in U.S. banks is now at an all-time high of 36%.

#7 In many areas of the United States this summer, just about anything that is not bolted down is being stolen by people that are desperate for money.

#8 According to one recent poll, 39 percent of Americans believe that the U.S. economy has now entered a “permanent decline”.

#9 Another recent survey found that 48 percent of Americans believe that it is likely that another great Depression will begin within the next 12 months.

#10 According to a brand new Reuters/Ipsos poll, 63 percent of Americans believe that the nation is on the wrong track.  That figure is three percent higher than it was last month.

Source

How much longer can the US survive? If you do not want to be caught in the bedlam of the cities, there is still some time left. Group together and buy rural property where you can form a community and grow crops for sustenance. Try to obtain property with a fresh water supply… above ground. Build your shelter homes beneath the ground. Eventually Satan’s new rule will be crushed. If you are fortunate, and though you might have missed the first Rapture, there is a chance for a second one. By then you should have come to the conclusion that you were taught the Truth. Seek Yahweh and Christ with a clean heart. Pray for deliverance from this pit you are presently in.

US plan of inaction is dooming economy

July 11, 2011 Comments off

If you were shocked by Friday’s US jobs report, if you thought America was doing well and were taken aback by the bad news, you haven’t been paying attention.

The fact is, the US economy has been stuck in a rut for a year and a half.Yet a destructive passivity has overtaken our discourse. Turn on your TV and you’ll see some self-satisfied pundit declaring that nothing much can be done about the economy’s short-run problems (reminder: this ”short run” is now in its fourth year), that they should focus on the long run instead.

This gets things exactly wrong. The truth is creating jobs in a depressed economy is something government could, and should, be doing.

Yes, there are huge political obstacles – notably that the House of Representatives is controlled by a party that benefits from the poor economy. But political gridlock should not be conflated with economic reality.

The failure to create jobs is a choice, not a necessity – a choice rationalised by an ever-shifting set of excuses.

Satan is desperately trying to save his beast. But no salvation will come for the United States. The financial crisis will worsen. All plans conceived will fail. The economy will go down in ruins. The government will take aim on the religious community to try and gain its wealth from the reserves of the churches, but all will fail as the debt ratio climbs and the economy continues to shrink into oblivion. Nothing can change this from happening. It’s Father’s will. And because Father began the economic fall with Satan’s prized beast it will continue to quake a path of economic failures around the globe. It will be a domino toppling effect. Satan will be forced to consider the restructuring of the monetary system with the European Union leading the way. As the image of the beast rises to help end the worldwide crisis, the United States will sanction its authority.

Revelation 13:15 “He was permitted to give a spirit to the image of the beast, so that the image of the beast could both speak and cause whoever would not worship the image of the beast to be killed.”

Those that resist the rise of the image of the beast will be executed for resistance to the new authority. There will be a one world currency. There will be a removal of Christianity.

Federal Reserve Lowers Economic Outlook for Rest of Year

June 22, 2011 Comments off

The Federal Reserve acknowledged Wednesday that the economy is growing more slowly than it expected. But it said it will complete its $600 billion Treasury bond buying program by June 30 as planned and announced no further efforts to boost the economy.

Ending a two-day meeting, the Fed repeated a pledge to keep interest rates at record lows near zero for “an extended period,” a promise it’s made for more than two years.

Fed officials said in a statement that they think the main causes of the economy’s slowdown, such as high gas prices and supply disruptions from Japan’s disasters, are temporary. Once those problems subside, Fed officials said the economy should rebound.

Still, the statement stood in contrast to the Fed’s more upbeat view when officials last met eight weeks ago. At that time, the central banksaid the job market was gradually improving.

The new statement acknowledged the slowdown that’s occurred over the past two months. The economy added just 54,000 jobs in May, far fewer than in the previous two months. Consumer spending has weakened, too.

The Fed said it would keep its holdings of Treasury bonds at current levels. That policy is intended to keep consumer and business loan rates at low levels to stimulate spending.

Though the central bank noted that inflation has risen, it expects those pressures to be temporary as well.

The Fed announcement had little effect on the stock and bond markets. The Dow Jones industrial average was down slightly before and after the Fed issued its statement at mid-day.

Psalm 48:6 “Trembling seized them there, agony like that of a woman in labor,”

The residents of the United States are presently feeling the labor pains, and “labor” is mirrored in the loss of jobs that is causing the domino effect as the U.S. economy continues its collapse into the pit of despair.

Isaiah 13:8 “They will be horrified; pain and agony will seize [them]; they will be in anguish like a woman in labor. They will look at each other, their faces flushed with fear.”

Horror for US Economy as Data Falls off Cliff

June 3, 2011 Comments off

The last month has been a horror show for the U.S. economy, with economic data falling off a cliff, according to Mike Riddell, a fund manager at M&G Investments in London.

The last month has been a horror show for the U.S. economy, with economic data falling off a cliff, according to Mike Riddell, a fund manager at M&G Investments in London.

“It seems that almost every bit of data about the health of the US economy has disappointed expectations recently,” said Riddell, in a note sent to CNBC on Wednesday.

“US house prices have fallen by more than 5 percent year on year, pending home sales have collapsed and existing home sales disappointed, the trend of improving jobless claims has arrested, first quarter GDP wasn’t revised upwards by the 0.4 percent forecast, durables goods orders shrank, manufacturing surveys from Philadelphia Fed, Richmond Fed and Chicago Fed were all very disappointing.”

“And that’s just in the last week and a bit,” said Riddell.

Pointing to the dramatic turnaround in the Citigroup “Economic Surprise Index” for the United States, Riddell said the tumble in a matter of months to negative from positive is almost as bad as the situation before the collapse of Lehman Brothers in 2008.

Source

It is a bleak outlook to say the least. Everyone had better get stocked up on canned goods rations and plenty of water. If you have an underground shelter, you’ll need to fix the surface to where it’s not easily found. Harder times are ahead.

40 Signs The Chinese Economy Is Beating The Living Daylights Out Of The U.S. Economy

June 1, 2011 1 comment

#1 The Chinese economy has grown 7 times faster than the U.S. economy has over the past decade.

#2 According to the IMF, China will pass the United States and will become the largest economy in the world in 2016.

#3 According to one prominent economist, the Chinese economy already has roughly the same amount of purchasing power as the U.S. economy does.

#4 At the turn of this century the United States accounted for well over 20 percent of global GDP and China accounted for significantly less than 10 percent of global GDP.  But since that time America’s share of global GDP has been steadily declining and China’s share has been steadily rising.

#5 Nobel economist Robert W. Fogel of the University of Chicago is projecting that the Chinese economy will be three times larger than the U.S. economy by the year 2040 if current trends continue.

#6 According to Stanford University economics professor Ed Lazear, if the U.S. economy and the Chinese economy continue to grow at current rates, the average Chinese citizen will be wealthier than the average American citizen in just 30 years.

#7 During 2010, we spent $365 billion on goods and services from China while they only spent $92 billion on goods and services from us.

#8 Since 2005, Americans have gobbled up Chinese products and services totaling $1.1 trillion, but the Chinese have only spent $272 billion on American goods and services.

#9 The United States has lost an average of 50,000 manufacturing jobs per month since China joined the World Trade Organization in 2001, and the U.S. trade deficit with China is now 27 times larger than it was back in 1990.

#10 Back in 1985, the U.S. trade deficit with China was 6 million dollars for the entire year.  For the month of April 2011 alone, the U.S. trade deficit with China was 18.8 billion dollars.

#11 Since China entered the WTO in 2001, the U.S. trade deficit with China has grown by an average of 18% per year.

#12 According to a recent report from the Economic Policy Institute, between 2001 and 2008 the U.S. lost approximately 2.4 million jobs due to the growing trade deficit with China.  Every single state in America experienced a net job loss due to our trade deficit with China during this time period.

#13 The United States had been the leading consumer of energy on the globe for about 100 years, but last summer China took over the number one spot.

#14 China produced 19.8 percent of all the goods consumed in the world last year.  The United States only produced 19.4 percent.

#15 China now consumes 53 percent of the world’s cement.

#16 Last year, China produced 11 times as much steel as the United States did.

#17 Since China joined the WTO, approximately 46,000 factories have been transferred from the United States to Asia.

#18 China now has the world’s fastest train and the world’s largest high-speed rail network.

#19 Is alternative energy the future?  If so, the Chinese economy is positioned well. China is now the number one producer in the world of wind and solar power.

#20 Chinese solar panel production was about 50 times larger in 2010 than it was in 2005.

#21 Today, China controls over 90 percent of the total global supply of rare earth elements.

#22 85 percent of all artificial Christmas trees are made in China.

#23 Back in 1970, 25 percent of all jobs in the United States were manufacturing jobs. Today, only 9 percent of the jobs in the United States are manufacturing jobs.

#24 The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.

#25 Between December 2000 and December 2010, 38 percent of the manufacturing jobs in Ohio were lost, 42 percent of the manufacturing jobs in North Carolina were lost and 48 percent of the manufacturing jobs in Michigan were lost.

#26 There are more pigs in China than in the next 43 pork producing nations combined.

#27 China now possesses the fastest supercomputer on the entire globe.

#28 Back in 1998, the United States had 25 percent of the world’s high-tech export market and China had just 10 percent. Ten years later, the United States had less than 15 percent and China’s share had soared to 20 percent.

#29 Manufacturing employment in the U.S. computer industry was actually lower in 2010 than it was in 1975.

#30 In 2002, the United States had a trade deficit in “advanced technology products” of $16 billion with the rest of the world.  In 2010, that number skyrocketed to $82 billion.

#31 Over the past 15 years, China has moved up from 14th place to 2nd place in the world in published scientific research articles.

#32 According to one recent study, China could become the global leader in patent filings by next year.

#33 Do you remember when the United States was the dominant manufacturer of automobiles and trucks on the globe?  Well, in 2010 the U.S. ran a trade deficit in automobiles, trucks and parts of $110 billion.

#34 According to author Clyde Prestowitz, China’s number one export to the U.S. is computer equipment.

#35 In 2010, the number one U.S. export to China was “scrap and trash”.

#36 In 2009, the United States ranked dead last of the 40 nations examined by the Information Technology & Innovation Foundation when it came to “change” in “global innovation-based competitiveness” over the previous ten years.

#37 Russia and China have announced that they have decided to quit using the U.S. dollar and instead start using their own national currencies when trading with each other.

#38 A Washington Post/ABC News poll conducted a while back found that 61 percent of Americans consider China to be a threat to our jobs and economic security.

#39 The average household debt load in the United States is 136% of average household income.  In China, the average household debt load is 17% of average household income.

#40 China has accumulated the largest stockpile of foreign currency reserves on the entire globe - $3.04 trillion as of the end of March.  That figure was an astounding 24.4 percent higher than it was exactly one year earlier.

Source

Psalm 48:6 “Trembling seized them there, agony like that of a woman in labor,”

The residents of the United States are presently feeling the labor pains, and “labor” is mirrored in the loss of jobs that is causing the domino effect as the U.S. economy continues its collapse into the pit of despair.

Isaiah 13:8 “They will be horrified; pain and agony will seize [them]; they will be in anguish like a woman in labor. They will look at each other, their faces flushed with fear.”

Satan asks this question, because no one dominates our Warrior Father Yahweh:

Psalm 13:2 “How long will I store up anxious concerns within me, agony in my mind every day? How long will my enemy dominate me?” For as long as it takes… to make a footstool out of your children Satan.

You Call This An Economic Recovery?

March 6, 2011 Comments off

When Barack Obama, the Federal Reserve and the mainstream media tell us that we are in the middle of an economic recovery, is that supposed to be some kind of sick joke?  According to newly released numbers, over 44 million Americans are now on food stamps.  That is a new all-time record and that number is 13.1% higher than it was just one year ago.  So how many Americans have to go on food stamps before we can all finally agree that the U.S. economy is dying?  50 million?  60 million?  All of us?  The food stamp program is the modern equivalent of the old bread lines.  More than one out of every seven Americans now depends on the federal government for food.  Oh, but haven’t you heard?  The economy is showing dramatic improvement.  Corporate profits are up.  The stock market is soaring.  Happy days are here again.

It just seems inconceivable that anyone can claim that the economy is improving when the number of Americans on food stamps continues to set a brand new record every single month.  But the food stamp program is not the only indicator that the economy is still having massive problems.  The following are 10 more reasons why the U.S. economy is simply not getting any better….

#1 Some recent statistics actually indicate that the number of unemployed Americans is still going up.  According to Gallup, unemployment in the United States rose to 10.3% at the end of February.  That is the highest number Gallup has reported since early last year.

#2 The housing industry is still a complete and total disaster.  In fact, new home sales in the U.S. in January were 11.2% lower than they were in December.  Not only that, the number of new home sales in January was 18.6% lower than the number of new home sales in January 2010.  That is not a sign of improvement.

#3 There wouldn’t even be much of a housing industry at all at this point if it was not for the U.S. government.  Right now the U.S. government is either writing or guaranteeing well over 90 percent of all mortgages in the United States.  So what would the housing market look like in 2011 if the government was not in the picture?

#4 In 2010, more than a million U.S. families lost their homes to foreclosure for the first time ever, and that number is expected to go even higher in 2011.

#5 Due to rampant economic decay and record numbers of foreclosures there are areas in most of our major cities that now look like “war zones”.  For example, the Huffington Post is reporting that there are now approximately 15,000 vacant buildings in the city of Chicago and there are approximately 60,000 vacant houses and apartments in the city of Las Vegas.

#6 According to the Oil Price Information Service, U.S. drivers spent an average of $347 on gasoline during the month of February, which was 30 percent more than a year earlier.  This represented 8.5% of median monthly income.  So what is going to happen when gas prices go even higher?  Sadly, the average price of gasoline in the U.S. has risen another 4 cents since yesterday and it is likely to go much higher from here.

#7 The U.S. trade deficit continues to grow.  The trade deficit was about 33 percent larger in 2010 than it was in 2009, and the 2011 trade deficit is expected to be even bigger.

#8 The CredAbility Consumer Distress Index, which measures the average financial condition of U.S. households, declined in every single quarter in 2010.

#9 The number of Americans that have become so discouraged that they have given up searching for work completely now stands at an all-time high.

#10 The U.S. national debt is growing faster than ever.  The Obama administration is projecting that the federal budget deficit for this fiscal year will be a new all-time record 1.65 trillion dollars.  It is hard to even imagine how much money that is.  If you went out today and started spending one dollar every single second, it would take you over 31,000 years to spend one trillion dollars.  Long ago the U.S. government should have been getting these deficits under control, but instead they are just getting even larger.

Source

Is this what you want? The world you want to live in? Satan wants his empire to flourish and be like Yahweh’s spirit realm and the rest of creation in the expanse, but the way he leads, and the factions within his family, it cannot be achieved. He cannot offer you enough food to eat, or cures for diseases, harmony or happiness.

MARCH FOR CHRIST – or accept Satan’s empire that is headed for certain defeat. Take the USA to task over the REAL cover up. You know the TRUTH. STAND UP for Yahweh and Christ, and you will be under Christ’s leadership after this war ceases.

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