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25 challenges facing modern economy

25 challenges facing modern economy
May 27, 2010, 10:20:40 AM
  • enrollment in the food stamp program will exceed 43 million Americans in 2011
  • foreclosure filings were reported on 367,056 properties in the month of March an increase of almost 19 percent from February
  • 10 percent of U.S. homeowners with a mortgage had missed at least one payment in the January-March period a record high and up from 9.1 percent a year ago
  • first time in modern history, banks own a greater share of residential housing net worth in the United States than all individual Americans
  • U.S. Congress planning to quadruple oil taxes
  • Arnold Schwarzenegger, the governor of the state of California, says that "terrible cuts" are urgently needed
  • U.S. states are in such bad financial shape that they are getting ready for their biggest budget cuts in decades
  • March, the U.S. trade deficit widened to its highest level since December 2008
  • U.S. government is projected to have a 1.6 trillion dollar deficit in 2010
  • U.S. Treasury Department recently announced that the U.S. government suffered a wider-than-expected budget deficit of 82.69 billion dollars in April
  • U.S. national debt will reach 100 percent of GDP by the year 2015
  • tourism industries along the Gulf coast will be devastated for decades by this unprecedented environmental disaster
  • FDIC's list of problem banks recently hit a 17-year high
  • FDIC is backing 8,000 banks that have a total of $13 trillion in assets with a deposit insurance fund that is basically flat broke
  • home sales in the United States jumped 7.6 percent in April [but] this increase only happened because [of] the deadline to take advantage of the temporary home buyer tax credit
  • Fannie Mae and Freddie Mac recently told the U.S. government that they are going to need even more bailout money
  • 43 percent of Americans have less than $10,000 saved for retirement
  • mayor of Detroit says that the real unemployment rate in his city is somewhere around 50 percent
  • Gallup's measure of underemployment hit 20.0% on March 15th
  • new poll shows that 76 percent of Americans believe that the U.S. economy is still in a recession
  • bottom 40 percent of those living in the United States now collectively own less than 1 percent of the nationís wealth
  • famous author of the Dow Theory Letters, says that Americans should sell anything they can sell in order to get liquid because of the economic trouble that is coming
  • Defaults on apartment building mortgages held by U.S. banks climbed to a record 4.6 percent in the first quarter of 2010
  • In March, the price of fresh and dried vegetables in the United States soared 49.3% - the most in 16 years
  • 1.41 million Americans filed for personal bankruptcy in 2009 - a 32 percent increase over 2008 [and] more Americans filed for bankruptcy in March 2010 than during any month since U.S. bankruptcy law was tightened


Re: 25 challenges facing modern economy
May 27, 2010, 12:38:16 PM
Fucking A. XP

what should we do?

Re: 25 challenges facing modern economy
May 27, 2010, 12:44:09 PM
Invade Detroit, kill snotty white rich people, deport everyone else, declare independence.

Re: 25 challenges facing modern economy
May 27, 2010, 03:25:51 PM
Live on a farm, sustain yourself, make a self-sufficient cult, leave society at large.