#20 El Pollo de Oro:
"During a conversation on prepping, someone recently said to me, 'If
things get half as bad as these preppers think they will, I don't want
to be alive.' So, how bad will things will get? Real unemployment is
already at Great Depression levels (John Williams' Shadow Statistics
contradicts the BLS' bogus figures), but when this depression deepens, I
think we'll be looking at 50% or 60% unemployment easily. Much worse
than the 1930s. It will be absolute hell for millions of Americans, and
when the money stops flowing down to the man on the street, the blood
will flow in the streets (Gerald Celente). Lots of it."
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If the economy is getting better, then why do incomes keep falling? According to a shocking new report that was just released by the U.S. Census Bureau, median household income (adjusted for inflation) has declined for five years in a row. This has happened even though the federal government has been borrowing and spending money at an unprecedented rate and the Federal Reserve has been on the most reckless money printing spree in U.S. history.
Despite all of the "emergency measures" that have been taken to "stimulate the economy", things just continue to get worse for average American families. Americans are working harder than ever, but their paychecks are not reflecting that. Meanwhile, the cost of everything just keeps going up. The Federal Reserve insists that inflation is "low", but anyone that goes grocery shopping or that stops at a gas station knows that is a lie. In fact, if inflation was calculated the exact same way that it was calculated back in 1980, the inflation rate would be somewhere between 8 and 10 percent right now. Paychecks are being stretched more than ever before, and that is probably the reason why about three-fourths of the entire country is living paycheck to paycheck at this point.
More @ The Economic Collapse
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