SGM Metals: The Stealth Collapse of the US Economy is Well Underway

PALM BEACH GARDENS, Fla. - July 22, 2013 - PRLog -- When the U.S. dollar does lose reserve currency status, the consequences for the US are going to be absolutely catastrophic.”
- Michael Snyder
“American Dream” & “Economic Collapse”.

If our govt & media were not as corrupt as they are, it would never have come to this, because news headlines would have warned us a decade ago.  Please take this moment to grasp the enormity of what is really a life & death economic scenario, & considering passing this along.    - W.E.

The Economic Collapse - people envision bank runs, life without rule of law, piles of worthless currency, rampant homelessness, & breathless news reports on CNN & network channels (if you happen to still have access to a TV). They imagine a grim, gray world, devoid of entertainment, with unwashed citizens digging desperately through the trash.

Because of this apocalyptic image, the idea of an economic collapse seems pretty far-fetched to most people. After all, we still see cars in every driveway, lights in every window at night, kids going to school & parents going to work. Everything’s fine, right? The economic collapse is only a conspiracy theory, cooked up by those crazy libertarians & right-wingers, right?

Sadly, no. It’s a fact & it’s all around us, right now. Less than 1/2 of America is employed right now.

Despite the deceptively whitewashed claims of the Job Report that say that things are looking up, Breitbart released an article on July 5 refuting their optimistic assertions. While there are technically “more” jobs, this is because positions that used to be full time are now part time – meaning that two or more people hold what used to be one job.

According to the article, only 47% of Americans are employed full time. In an age where most families require two parents to work full time in order to make ends meet, this is a devastating economic blow. The administration is careful not to divulge the entire story, instead playing with numbers & percentages to portray growth instead of dismal decline.

   If today the same proportion of Americans worked as just a decade ago, there would be almost 9 million more people working. In June, the number of Americans who wanted to work full-time, but were forced into part-time jobs because of the economy, jumped 352,000 to over 8 million.

Meanwhile, as income drops, expenses increase.

Consumer spending is on the uptick, a sign that the govt likes to say is positive. However, people are forced to pay more to get less, just to maintain a basic standard of living w/ food, utilities, & gas. People aren’t spending money on goods – they are spending it on essential items & services.

Fuel: The price of transportation has gone up dramatically. The price of gasoline has risen a staggering 294% over the past 10 years. That’s right – 294%!!!! Fuel is the catalyst that is making the price of everything else increase.

Food: The price of food is climbing, & doing so rapidly. Significant increases have occurred over the past 2 yrs, particularly in truly healthy foods like fresh fruits & vegetables, as well as organic products. Deceptively, package sizes are getting smaller (or are staying the same size but containing less food). The price, however, remains the same as before, in an attempt to trick consumers into believing that prices are not actually rising. Apparently, 12 oz is the new pound & 3 quarts is the new gallon.

Utilities: Utility rates are climbing, making it increasingly difficult for struggling families to keep the lights on. The Commerce Dept said consumer spending advanced 0.2% last month after a 0.7% rise in February.

The prices of electricity are rising dramatically. Customers have been warned that they will face increases. Smart meters have been installed nearly everywhere. Many places are instituting time-of-day pricing, making it only affordable to do your laundry in the middle of the night.

Part of the reason Americans are facing higher prices is Obama’s War on Coal. (he promised to bankrupt the coal industry.) If Obama can’t close down power producers through the front door, he does it through the back door, via the EPA. Even though the climate change theory through CO2 emissions has been completely debunked, the EPA is still passing draconian laws to reduce our “carbon footprint” & thus raise the prices on power. Obama has shut down 8 coal mines across 3 states, & he & his buddies at the EPA have plans to scale back production at over 200 coal-powered plants via a regulatory assault.

A welfare state. More than 1/2 of all Americans receive some form of govt benefit: food stamps, supplements, health care, to name a few. We are in big trouble because the people who work for a living are being outnumbered by those who vote for a living. Politicians buy votes with freebies. ]

The US collapse has been gaining momentum in the background all while we have been entranced by a lullaby of recovery by all the suits inside the talking box. CNS News reported that 101 MILLION Americans depend upon federal food stamp program to feed their families while ONLY 97 MILLION are employed fulltime? With roughly 3 million people, 1/3 need to the govt. to feed them, just under 1/3 still are clinging to fulltime jobs & the remaining 1/3 of the nation are divided between those who work for the parasitic govt & those hopelessly unable to earn a living. With an economy 75% based upon consumer spending, not on staples like food & gas, but instead buying TVs, Play Stations, new cars, & vacations, how do we have a recovery if every citizen is struggling with rising prices of the necessities to live? This is proof of the stealth collapse.

Bernanke said “taper QE” & ALL STOCK markets around the world had an epileptic fit thus proving they are bubbles wholly dependent upon continuing to inflate or they will collapse. Now that Bubble Man has been scared he is trying to convince the markets the FED will not back off & the DOW hit an ALL TIME RECORD HIGH?

The bullion banks have concluded the “Gold Cartel” campaign to aid the fed in the cover up of the Keynesian policies that has muted 3 decades of appreciation in gold & silver. We are ripe for a massive correction. The $19 level was the elephant in the room where JP Morgan inherited Bear Sterns massive naked short position that has been haunting them for years. Since they have successfully removed their anchor of losses we have seen tens of thousands of silver long contracts established @ $19 which has formed a base from which the metals will be able to launch. The correction is upon us & for those who have been paying attention this could prove to be a life changing event. The 30 yr bond bull market correction that just began 3 wks ago & will bring with it much pain & confusion as the multi decade strategy of buying bonds becomes a toxic wasteland. A silver ounce of prevention will eventually be worth 100 fiat dollars of cure!