Wednesday, February 29, 2012

Statistics On Our Fragile Economy in 2012

#1 The United States has more government debt per capita than Greece, Portugal, Italy, Ireland or Spain.

#2 The European Commission has formally declared that Europe has now entered another recession. German banks are leveraged 32 to 1 and the European financial system is rapidly approaching a nightmare. Lehman Brothers was only leveraged 30 to 1 when it finally collapsed.

#3 There are clear signs that economic activity is also significantly slowing down in the United States. For example, new orders for goods manufactured in the United States experienced the biggest drop in three years in January.

#4 U.S. consumers are busy racking up staggering amounts of debt once again. Total consumer debt rose at an annual rate of 9.3 percent in December. It is now sitting at a grand total of 2.498 trillion dollars.

#5 There are more unemployed Americans than there are people living in the entire nation of Greece.

#6 The percentage of American men that have jobs is near an all-time record low.

#7 Right now, there are 88 million working age Americans that do not have jobs and that the government says are not looking for jobs.

#8 The average duration of unemployment in the United States is nearly three times as long as it was back in the year 2000.

#9 In January 2009, there were 2.6 million "long-term unemployed workers" according to the federal government. Today, there are 5.6 million.

#10 The average price of a gallon of gasoline in the United States has risen by 14 cents in just the past week, and the average price of a gallon of gasoline in the state of California is now an astounding $4.29. Sadly, the price of gas is expected to continue rising over the next few months.

#11 Right now, 48 percent of all Americans are considered to be either "low income" or "living in poverty".

#12 The U.S. government is stealing about 150 million dollars from our children and our grandchildren every single hour of every single day.

#13 If Bill Gates gave all of his money to the U.S. government, it would only cover the U.S. budget deficit for about 15 days. That isn't even touching the debt!!

#14 Since the Federal Reserve was created, the U.S. dollar has declined in value by more than 95 percent and the U.S. national debt has gotten more than 5000 times larger.

#15 Approximately 25 million American adults are living with their parents. Most of them are doing it for economic reasons.

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