“It’s Spreading”: US Census Reports Nearly 100 Million Poor in America; Worst Conditions in Fifty Years

It’s bad out there. Really bad.
As world leaders finally begin to admit that we are smack dab in the middle of another Great Depression and the economy stands at the cusp of another earth-shaking collapse of the financial system, the US census reports that nearly 100 million Americans are now classified as living in poverty or are considered “near poor.”
That’s nearly 1/3 of our populace who are living in the worst economic conditions in nearly fifty years.

"We haven’t seen these highs since the mid ’60s. That survey indicates the poverty level has grown from 15.1% to as high as 15.7% [since 2010], and it’s spreading at record levels to many socio-economic groups from unemployed workers, suburban families, to the poorest poor.
…More discouraged workers are giving up on the job market and unemployment aid is running out. They found that the suburbs are seeing an increase in poverty…
Those experts surveyed also predict poverty will remain above the pre-recession level of 12.5% for many more years."

Via Yahoo:
It’s not encouraging any way you look at it. And if you look at near poverty, which is another measure – the next income bracket up… you’re looking at just a huge number of Americans; I think on the order of almost 100 million people are either poor or close to poor. And poor, just in case you haven’t kept up on the definition is $11,000 a year for an individual or $22,000 for a family of four.

Poverty is up 25% since President Obama took the helm, and as predicted by the survey, will continue unabated as economic conditions worsen.
There can be no economic recovery – ever – if we continue down the path we’re on:

They are responsible for the overspending and making of promises that cannot be kept and thus the stifling of the economy as a whole as resources are shifted to an infantile and futile attempt to maintain the illusion of prosperity.
Prepare for a storm, my friends, for it is coming our way.
Source: Market Ticker

For 100 million of our fellow countrymen today, the storm is already pounding them with hurricane-like winds.
The contagion is most certainly spreading.
Twenty two percent of Americans are unemployed, underemployed or simply no longer counted, and half of American households are dependent on some type of government benefit to make ends meet. In fact, more people are applying for government disability benefits each month than there are jobs created.
The storm is coming, and when it strikes the government will be powerless to stop it, despite the belief by the majority of Americans that existing social safety nets and emergency response plans will bail them out.

10 Shocking Quotes About What QE3 Is Going To Do To America

Ready or not, QE3 is here, and the long-term effects of this reckless money printing by the Federal Reserve are going to be absolutely nightmarish.
The Federal Reserve is hoping that buying $40 billion worth of mortgage-backed securities per month will spur more lending and more economic activity.  But that didn’t happen with either QE1 or QE2.  Both times the banks just sat on most of the extra money.  As I pointed out the other day, U.S. banks are already sitting on $1.6 trillion in excess reserves.
So will pumping them up with more cash suddenly make them decide to start lending?  Of course not.  In addition, QE3 is not likely to produce many additional jobs.
As I showed in a previous article, the employment level did not jump up as a result of either QE1 or QE2.  So why will this time be different?  But what did happen under both QE1 and QE2 is that a lot of the money ended up pumping up the financial markets.
So once again we should see stock prices go up (at least in the short-term) and commodities such as gold, silver, food and oil should also rise.  But that also means that average American families will be paying more for the basic necessities that they buy on a regular basis.
The most dangerous aspect of QE3, however, is what it is going to do to the U.S. dollar.  Most of the rest of the world uses the U.S. dollar to conduct international trade, and by choosing to recklessly print money Ben Bernanke is severely damaging international confidence in our currency.  If at some point the rest of the world rejects the dollar and no longer wants to use it as a reserve currency we are going to be facing a crisis unlike anything we have ever seen before.
The real debate about QE3 should not be about whether or not it will help the economy a little bit in the short-term.  Rather, everyone should be talking about the long-term implications and about how QE3 is going to accelerate the destruction of the dollar.
The following are 10 shocking quotes about what QE3 is going to do to America….

#1 Ron Paul
“It means we are weakening the dollar. We are trying to liquidate our debt through inflation. The consequence of what the Fed is doing is a lot more than just CPI. It has to do with malinvestment and people doing the wrong things at the wrong time. Believe me, there is plenty of that. The one thing that Bernanke has not achieved and it frustrates him, I can tell—is he gets no economic growth. He doesn’t do anything with the unemployment numbers. I think the country should have panicked over what the Fed is saying that we have lost control and the only thing we have left is massively creating new money out of thin air, which has not worked before, and is not going to work this time.”

#2 Peter Schiff, CEO Of Euro Pacific Capital
“This is a disastrous monetary policy; it’s kamikaze monetary policy”

#3 Michael Pento, The Founder Of Pento Portfolio Strategies
“This is the nuclear option for them. This is a never-ending weapon that is being fired at the middle class”

#4 Donald Trump
“People like me will benefit from this.”

#5 Economist Anthony Randazzo
“Quantitative easing—a fancy term for the Federal Reserve buying securities from predefined financial institutions, such as their investments in federal debt or mortgages—is fundamentally a regressive redistribution program that has been boosting wealth for those already engaged in the financial sector or those who already own homes, but passing little along to the rest of the economy. It is a primary driver of income inequality formed by crony capitalism. And it is hurting prospects for economic growth down the road by promoting malinvestments in the economy.”

#6 John Williams Of Shadowstats.com
“That’s absolutely nonsense.  The Fed is just propping up the banks.”

#7 Marc Faber
“I happen to believe that eventually we will have a systemic crisis and everything will collapse. But the question is really between here and then. Will everything collapse with Dow Jones 20,000 or 50,000 or 10 million? Mr. Bernanke is a money printer and, believe me, if Mr. Romney wins the election the next Fed chairman will also be a money printer. And so it will go on. The Europeans will print money. The Chinese will print money. Everybody will print money and the purchasing power of paper money will go down.”

#8 Mesirow Financial Chief Economist Diane Swonk
“I think this will end up being a trillion-dollar commitment by the Fed”

#9 Federal Reserve Chairman Ben Bernanke
“I want to be clear — While I think we can make a meaningful and significant contribution to reducing this problem, we can’t solve it. We don’t have tools that are strong enough to solve the unemployment problem”

#10 Credit Rating Agency Egan-Jones
“[T]he FED’s QE3 will stoke the stock market and commodity prices, but in our opinion will hurt the US economy and, by extension, credit quality. Issuing additional currency and depressing interest rates via the purchasing of MBS does little to raise the real GDP of the US, but does reduce the value of the dollar (because of the increase in money supply), and in turn increase the cost of commodities (see the recent rise in the prices of energy, gold, and other commodities). The increased cost of commodities will pressure profitability of businesses, and increase the costs of consumers thereby reducing consumer purchasing power. Hence, in our opinion QE3 will be detrimental to credit quality for the US….”
We have reached a major turning point in the financial history of the United States.
It would be hard to overstate how much damage that QE3 could potentially do to our financial system.  If the rest of the world decides at some point that they no longer have confidence in our dollars and our debt then we are finished.
Sadly, the mainstream media does not seem to understand this, and most Americans gleefully believe whatever the mainstream media tells them.

So what do you think about QE3?  Please feel free to post a comment with your opinion following this article;

REVOLUTION

WHAT'S YOUR OPINION ?

Operation Terror

James McCullough from the mysterious “Council” gives a special assignment to CIA agent Aaron Delgado to attack the World Trade Center and the Pentagon and pin the blame on Muslim Terrorists. Delgado and fellow agents, Phillip Singer and Chase Jordan, work with a group of unsuspecting engineers to develop unmanned jets that will hit their assigned targets.

The Army and the FBI begin to uncover the plot, forcing Delgado to intervene. The CIA agents also have to deal with an increasingly suspicious George Poole, the lead engineer working on the drones, who becomes skeptical on how the remote controlled planes will be used. A battle between good and evil ensues as the plot to attack America becomes a hard-hitting reality.

Operation Terror from Art Olivier on Vimeo.

Police entered the townhouse after a five-hour stand-off with the gunman

Four people have been found dead following a shooting incident that triggered a stand-off with police in Aurora, in the US state of Colorado.

Police say they went to a townhouse after shots were heard there overnight.
Officers later entered the home. Following a gunfight they found the suspect dead, along with three people apparently killed earlier, police say.
Aurora, near Denver, was the scene of a mass shooting at a cinema in July, in which a gunman killed 12 people.

He opened fire at random during the premiere of the Batman film The Dark Knight Rises. Suspect James Eagan Holmes is currently being tried on murder charges.
In Saturday's incident, police said they were alerted by a woman who had escaped from the townhouse.
The suspect barricaded himself for five hours, before officers moved in and shot him.
Entering the property, the team found the shooter dead, along with two other men and a woman. Their identities have not been disclosed.

Kesha Rose Sebert , well know as Ke$ha,
She has admitted by herself that she was forced to sing "DIE YOUNG".
She said on tweeter that the song is inappropriate & she already have problem with this song, adding the following line to her tweet ;

"I had my very own issues with "die young" for this reason.  I did NOT want to sing those lyrics and I was FORCED TO."

Even though, she was listed as one of the writes of the song !!!

The lyrics include this:  "Let's make the most of the night like we're gonna die young.  We're gonna die young.  We're gonna die young."

After her tweet, lots of people started blame game on her, but still she cannot explain why she was forced to sing those lyrics. 

Behind the Walls

‘Warrior’ singer Ke$ha received the news that her latest single ‘Die Young‘ had been pulled from some US radio outlets, as not to offend any affected by last week’s Sandy Hook elementary school massacre.
However, in what saw the upsetting story rear another ugly head, the star sparked confusion when she tweeted that she agreed with the decision to pull the song, and that she had been forced to sing the song’s lyrics against her will.
Deleting that tweet minutes after posting it, she then found herself quizzed on what she had meant by the remark, which many believed had been aimed at long time collaborator Dr.Luke.
Now, her mother has gotten in on the action- retweeting a number of disturbing messages sent in to her by her fans.

Some of the Tweets from her Mom listed below ;

Kesha Mom Tweet-1

Kesha Mom Tweet-2

Kesha Mom Tweet-3

Ke$ha- Die Young Official

Ke$ha- Die Young Behind the Scene Official

Now this is the most IMPORTANT part you can say, sharing knowledge makes it more easy for others to understand. So, Like it, Share it & Spread it.