Forget a Recession, The Empire is Crumbling

Phoenix Capital Research's picture

I look
around me and I see an Empire in Decline.


The US
economy is clearly in a depression… not a recession, not a recovery, but a
DEPRESSION. More than 40 million Americans (12%) are on Food stamps. Nearly one
in five of us are unemployed of underemployed. Folks go to Wal-Mart at 11PM
waiting for their government checks to clear at midnight so they can buy baby
formula, milk and other necessities.


Three out of
every five Americans are overweight. One in five are obese. Indeed, there are
only two areas (one state, Colorado, and Washington DC) where obesity rates are
under 20%.


Nearly three
in four of us don’t get enough sleep. 
Almost one third of us report having trouble falling asleep EVERY night.
And almost half of us report that day-time sleepiness interferes with normal
activities including work.


Half of
marriages end in divorce. One out of ten married couples report sleeping alone.
The average American watches 28 hours of TV a week (enough to qualify for a
part-time job). Two thirds of us eat dinner while watching TV, preferring the
fake, sensationalized lives of others to engaging with our own families.


The TV and
media are filled with foul, ungodly images of sex, violence, and hate. The most
watched shows of the last decade all feature ordinary folks becoming superstars
in lottery-esque competitions (American Idol, Survivor, Who Wants to be a
Millionaire, etc) OR crime sagas detailing the most sordid and disgusting
elements of society (CSI, Law and Order, etc) OR amoral social dramas in which
notions of personal responsibility, fidelity, and common decency are unknown
(Desperate Housewives, the Bachelorette, etc).


Today, brain
dead, vapid human beings who have contributed nothing to society are idolized
and followed as though they invented the wheel.  We’ve actually got two industries devoted to presenting the
illusion and reality of celebrity: Hollywood shows the photo-shopped,
CGI-enhanced, scripted version, while the paparazzi and weekly glossies reveal
the drug-addicted, affair-crazed, family breaking, soul-less emptiness.


Sex or
violence are plastered on virtually every flat surface available. Even the
check-out lines at the grocery store feature endless images of barely clothed
women along with headlines sensationalizing gruesome behavior, right out in the
open for children to see. And if the kid can actually read the headlines… God
only knows what ideas this stuff is putting into their heads.


we’re all pretty much bust or going bust (except those on Wall Street).


New home
sales in July were a RECORD low. Not record as in for the year, but the lowest
since 1963. The talking heads are high fiving because sales improved in August,
but failed to note that they were still DOWN
19% from August
2009 levels.


two primary assets for retirement (stocks and their homes) have both been
absolute disasters. Home prices are down 30%, stocks haven’t produced gains in
over a decade. Every moron on TV talks about the Dow 10,000 like it’s a miracle.
But when you adjust the Dow for inflation, (using the BLS’ ridiculous CPI
measure) the Dow is SUB-500 in terms of purchasing power.



Our money
system is controlled by an elite banking oligarchy fronted by academics who
have never run a business, invented anything, or had any interaction with
commerce aside from vying for tenure. Our currency is now worth less than 1/20th
of what it was a century ago. And we are ALL in debt up to our eyeballs on a
personal, corporate, local, state, and federal level.


Heck, even USA TODAY (not exactly the cutting edge in financial research)
notes that in order to pay off our current liabilities, every US family would
have to pay $31,000 a year… for 75 YEARS!!!


And we’re talking about an economic


According to
David Rosenberg of Gluskin Sheff:


Wages & salaries are still down 3.7% from
the prior peak;

Corporate profits are still down 20% from the

Real GDP is still down 1.3% from the peak;

Industrial production is still down 7.2% from
the peak;

Employment is still down 5.5% from the peak;

Retail sales are still down 4.5% from the peak;

Manufacturing orders are still down 22.1% from
the peak;

Manufacturing shipments are still down 12.5%
from the peak;

Exports are still down 9.2% from the peak;

Housing starts are still down 63.5% from the

New home sales are still down 68.9% from the

Existing home sales are still down 41.2% from
the peak;

Non-residential construction is still down 35.7%
from the peak.


The American
Psychological Association reports that 73% of Americans cite money as a source
of significant stress. Personal bankruptcies have fallen 8% month over month
from July to August. However, August 2010 bankruptcies are up 6% from August
2009… so much for the recovery.


And yet,
despite all of this, assumedly intelligent people write op-ed articles and
appear on TV claiming that things are swell in the US, that we’re actually OK
and that the recession is over. Some of these people even have advanced degrees
or have won international prizes for economics.


Let’s be
honest. Forget recessions, forget even Depressions, the US is an empire in decline.


You can
literally see it crumbling right in front of you. Just start looking at how
people live, eat, and act on a day to day basis. Look at how our Government
runs itself, how it manages our affairs, how it spends our tax Dollars. Look at
how our justice system works, who it protects and who it punishes.


It’s all out
there, right in the open for you to see. You don’t need an expert degree or some
kind of advanced education. It’s OBVIOUS to anyone who bothers looking around.


The fact we
don’t admit it doesn’t mean it’s not true.





PS. If
you’re worried about the future of the stock market and have yet to take steps
to prepare for the Second Round of the Financial Crisis… I highly suggest you
download my FREE Special Report specifying exactly how to prepare for what’s to


I call it The Financial Crisis “Round Two” Survival
. And its 17 pages contain a wealth of information about portfolio
protection, which investments to own and how to take out Catastrophe Insurance
on the stock market (this “insurance” paid out triple digit gains in the Autumn
of 2008).


Again, this
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click on FREE REPORTS.


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Coldfire's picture

Isn't is strange how the current wars of unilateral aggression are practically untelevised. Let no one say that no lessons were learned from Vietnam.

Vendetta's picture

Maybe people find the morbid, sordid, vapid, sensationalist crap on television a welcomed relief from the real world we all live in.  The sky high piles of bodies dead in foreign countries under the pretense of a 'war on terror' and the corruption of wall street running wild and the devastation they have inflicted the world is so much uglier.

I saw a show on animal planet of hyena's eating the asshole of a live wildebeast stuck in the mud somewhere in Africa.  The wildebeast was very much alive and all I saw was the likes of Lloyd Blankfein chewing on the asshole of humanity to make a quick buck while humanity was screaming for its life.

Television is quite tame compared to the real world, unless you haven't really seen the real world and only believe that you have. 

RockyRacoon's picture

One thing that the hyenas need to remember is that these wildebeests are armed.   In the 1930s they confiscated gold and the people turned in a hell of a lot of it.  Not all, as is proven by the huge amount of gold coinage still available.  If there is any wholesale confiscation of guns in this country you will see a lot of crap turned in.  The good stuff will be in the hands of those who actually know how to use them.  Never forget.

Yophat's picture

Since Obama became chief puppet America has purchased enough guns to arm every soldior in the world twice over.....and 20+ rounds a piece.

Not to mention that any Tom, Dick, or Harry with a machine shop or equivalent tooling can crank out firearms at the drop of a hat.  Nice stuff too unlike all the stamped sheetmetal weaponry of WWII.

The AR aftermarket is plenty proof of that -

...or non-AR -

....or even non-firearms -

....or homemade tinkering -

Carl Marks's picture

Today, brain dead, vapid human beings who have contributed nothing to society are idolized and followed as though they invented the wheel. 


Ever see those pictures of New Orleans after Hurricane Katrina and the human detritus that was too poor, too stupid and too ignorant to evacuate? Don't let it happen to you.

RockyRacoon's picture

What we need to remember from New Orleans is the taking of firearms from citizens.

That is a lesson that should have been taught at the time so TPTB never forget.

edotabin's picture

This is happening elsewhere as well. You think people aren't on drugs or watch TV or brainwashed by newscasts in other parts of the world?  The US just has a longer way to drop than others.

I would much rather do with less than live in China.


spinone's picture

Accept this folks:  There is no God.  Its all Hebrew mythology.  No one sits in judgement of you or me or anyone.  There is no afterlife.  This is it. The Bible is nice.  Great advice.  "Thou shalt not kill."  Start there.

The empire may be in decline, but has nothing to do with God.

Lets deal in facts, not mythology.

edotabin's picture

Before there was the FED, there was GOD.  It was probably a way to control people when nothing else existed. Assuming my previous sentence is true, it also stands to reason that many in power over the years would change, edit and embellish to suit their needs. Early form of media if you will. Funny how religion survived for so many years but fell apart shortly after TV and media.

All that being said, I will not hide from you that I truly hope there is a God and that this God is more like the master of the universe as opposed to some deranged person in power than can squash me like a bug.

Temporalist's picture

Why do you think the Fed put "in god we trust" on the fiat?  "God" is the pied piper of leading humans into the hands of puppet master psychopaths and megalomaniacs.

Vendetta's picture

Leviticus, Deuternomy and Revelations sure makes 'God' seem like a deranged person (or entity) in power that squashes at will.  But we have the likes of Lloyd Blankfein and the plethora of similar types who do "God's will" ... just like what was written.

themosmitsos's picture

PREACH IT GOD DAMNIT!!!!!!!!!!!!!!!!!!!!!!!

Still, you don't go far enough, should not have excluded the fact most Americans are medicated and hence perscription stoned upto their eyeballs, and also especially should not have excluded the defense aspect.



Tip o the hat to you Sir. :)

RockyRacoon's picture

The draft.  Okay with me.  I was in the Air Force late 60s to early 70s and the Army guys were draftees.  Even then a Congressman's kid did not serve, unless it was voluntary.  College deferment?  Nope.  Not this time.

themosmitsos's picture

Know what's funny? A PERFECT illustration of the kind of thing that poor bastard was complaining about can be seen on the ALL the ZeroHedge reply posts, where people just start responding to the TOP post, regardless of topic/opinion, just so more people can see it and respond to their's, cause they know noone's gonna read through all the comments! [NOT saying I do either btw]. Just .... pompous.

Now let's get the other 98% whipped back into reality from the .... sanitized version of urban existance with which they're ONLY familar, and I'll be ok w/deferrment for the 1-2% ... although I GET YOUR POINT, and I know you get mine. :)

Anywho .....

One day I walked into town, booked myself a room in the local saloon, only to find Gideon's bible.

Was a thing about a girl.

Her name was Magil and she called herself Lil, but everyone knew her as Nancy.


Chappaquiddick's picture

We're all completely fucked - the difference this time is that we have a global communication medium that allows the plebs to realise what 'they' are up to and plan accordingly.


Nowhere is safe from what is about to befall humanity - we brought this on ourselves, we sowed these seeds and its nearly harvest time.

malek's picture

GS, you lost me at "ungodly sex."
And to list it together with violence and hate... <double face palm>

Sex and sex drive is a part of every human, get over it!

docj's picture

Wow, way for a whole bunch of people to have a masterbatory fixation on a single word as if it matters to the point the author is trying to make.

RockyRacoon's picture

The world is full of one-trick ponies.  Ever see the folks outside a Planned Parenthood office?   One idea rules them.  Right or wrong is not the issue, but being blinded by an obsession is.

Bartanist's picture

IMHO ... the crumbling of America, like stinky bleu cheese, is part of "The Plan". A globalist world cannot be dominated by a subset of arrogany *ssholes, who think their good fortune was created by their brilliant manipulation and embezzlement of the "fiat of the day". The world is much older. The powers that be are much older and have been through this routine too many times to remember. The comings and goings of one set of fiat whores is a big "ho hum".

My best guess is that the next 30 years will bring many surprises. Most likely 2012 will be a nothing (unless we blunder blindly into WWIII by then), but 2036 is sure to shake things up a bit... and lots of time in between for mischief.

Yophat's picture

I wouldn't underestimate 2011!

Waterfallsparkles's picture

Nothing left but to cut, cut expenses.  I have.

Cut cell phone to pre-paid, $10. month.  Cut down cabel, internet, phone, to bare bones.  Maybe not enough but will evaluate again soon.  Appealed property taxes, got them reduced.  Paid off House, Car.  Only shop specials at Grocery Store and stock up when on sale.  Cut brand names and buy store brands.  Do not buy prepaired foods.  Real potatoes and carrots and prepare them from scratch (like in the old days). Try to cut down on driving to save on Gas.  Buy and Shop about a mile from my home, even if I pay a few cents more I save on Gas.  Keep heat down to 58 to 59 degrees in Winter and wear socks and sweaters.  Last year I did not use my central air.  I did use it about 6 days this year when the heat got up to 98 degrees.  Did not want to kill myself.  Did not buy any clothing items for close to 6 months.  Making do with what I have. I turn off the water heater when not in use, and only turn it on when I want to take a shower.  Limit flushes as it uses electricity from my well pump.  Did not plant a flower garden this year as did not want to buy the flowers.  Mow the grass only when it gets about a 6" high to save on Gas and wear and tear on the Lawn Mower.  Clean less, fewer cleaning products but it looks just a clean when I am done.

Yes, it has become a life style.  But, I am not unhappy I have everything I need. I have just learned to live in the new reality.  Even CNBC said that the problem will be that People will learn to live with less.  They seem to see that as a problem.  I do not.

CitizenPete's picture



with ya brother.  Too bad the dick hole who lives down the road from you is maxing all his cards out, driving his new SUV and eating fileto de manzo, only to get some new credit bailout from the government to cover credit card debt.


Waterfallsparkles's picture

I do have a wish list.  That is to be able to buy a Wood Stove.  They run about $4,000. installed.  I also want a whole house generator.  That will be about $4.200. installed with the cost of the electrician.

Whole house generator because I am like Chris Matherson where my electric goes out 10 times a year and with a well pump it is a real pain in the neck.  We went for 4 days without electricty and you have no water to flush your toilets or wash anything.  I now store gallons of water for flushing and washing.  But, unless you have been without running water for 4 days you do not know how difficult that is.  Heat is also a problem without electricity for 4 days.  I do have a pellet stove but it needs electricity to work.  I do have a portable generator but your need to re fill it with gasoline every 8 hours and change the oil frequently.  Plus, dam hard to get started in 18 degree weather.  Take it from me.  Had to get a neighbor to help and figure out what the problem was.

A wood stove would be great because I have lots of fallen trees that I could use for fuel and it would cut down on my oil usage.  Plus, it would be really great if the electricty went off in 18 degree weather.

Well best to all of you.  I am trying to do my best to live in the new reality.  Hope you are too.

Yophat's picture

...water is a pain!  Looking at several gallons per day per person @ 8+ lbs to the gallon.  Of course if you have a possible water source nearby that Katadyn or Berkey water filter will be worth its weight in gold!

Waterfallsparkles's picture

Well at least the stores were open but you would not believe how fast they ran out of bottled water with most of the homes in my area on well water.  I do keep about 12 bottles of water that I refill at the store for drinking.  But, when you do not have water you will not use your drinking water for anything but for drinking.  You cannot bathe, you cannot flush but about once a day.  You can use a bowl of water to wash your hands, many times.  You cannot wash clothes, or dishes.  The dishes pile up to the sky. I would get a hand well pump but my well is too deep.  About 375 feet.  Something to remember though is that your water heater has about 40 to 50 gallons of water in it.  So, in an emergency you could drain it and use that water.  I know that as soon as I see a storm comming I fill everything I can find to hold water before the storage tank is empty and no more water is generated thru the well pump.

Do an experiment and turn your water off for even 48 hours and see how you do.  I assure you it will not be plesant.

Yophat's picture

Have you considered a solar powered pump for your well....or solar power backup?

doomandbloom's picture

so what happens to DOW 36,000?

Cyan Lite's picture

Will I still be able to buy an iPhone if the US collapses?? 

Please advise,


1100-TACTICAL-12's picture

I have been able to get a couple of people to come around. For the most people refuse to think it could ever happen here....

RockyRacoon's picture

Thank you for your article.  Often it takes an agglomeration of facts to point out the truth of gut feelings.  I don't need "proof" that the country is on the wrong track, but putting words and facts before me helps assuage the anxiety.  I'm taking a little step forward each day by buying PMs, stocking up on foodstuffs less perishable, keeping my head low and observing.  I realize that posting publicly like this is not keeping the head very low but it's a joy that I refuse to give up.  I'll not write elsewhere and be bombarded by those who are in denial, or those who have a vested interest in the current system.

Yophat's picture

Well said....although my PM is lead!

RockyRacoon's picture

Never said mine wasn't!  Got that too, mostly in .223, 45, 308, and 410 for my Taurus Judge.

Yophat's picture

LOL...I've been looking at getting a Judge off and on now for quite some time.  You like it?

One that's caught my eye recently is the Chiappa Rhino -

You left out the good ol' 12 gauge (of course you said mostly).  Got a Mossberg 835 I've reconfig with 18 inch barrel and other tweaks.  Looking at getting a mod' Saiga those drums and long mags.  Heard of some AR config setups but haven't seen anything that really stands out yet...

got a few tactical/firearms links you might find interesting at the bottom of the blog - righthand side after all the news and blog feeds (just off the bottom) -

RockyRacoon's picture

Nasty-assed Rhino!

REVOLVER RHINO 20DS - 2" barrel, cal.357Mag

That thing should not even have the pretense of sights.

Might have to look at getting one of those!

Yophat's picture

...yeah looks like it would make a great CC piece!  Waiting to see the Youtube vid with small skinny chick firing massive caliber in that design without imbedding the front sight tip in her forehead.  Are you pleased with your Judge?

kaiserhoff's picture

I hate going to the mall, because most Americans are walking, talking, examples of the seven deadly sins.  Point well taken, but I have one dispute.

Having lived in Europe and seen alternatives, I believe it is not sex, but the repression of sex, which makes American life so coarse and vulgar.  If honest, warm, and open expressions of sexuality are suppressed, what you get is increasingly bizarre forms of kink, like vampire movies, humiliation television, the whore look in teen-aged girls, etc.

It's hard to get Americans to talk about morality in any terms other than sex, but even a casual look at present norms shows major problems.  Gay sex is almost worshipped in the media.  Interracial sex is openly promoted even though it makes most of us nauseous.  Getting knocked up is a women's rights issue, even when it ruins lives. It's group think uber alles.  Try getting some free speach on those topics.  Good luck.

Honesty is good for us, as is a global perspective.  This is one of many areas where the US should preach less, watch, and learn.


spinone's picture

Interracial sex makes you nauseous? Take a good look at yourself. 

Star Bellied Sneech

UninterestedObserver's picture

Argeed - most kind of repression is bad example that comes to mind would be catholic priests..

Azannoth's picture


Speaking of economy and sex in the same article/sentence makes no sense unless we re talking prostitution, all represed feelings come out 10x stronger than normal, denying your inner desires to suit the 'society' will make you only misserable and possibly lead you to run amok 1 day, so just be your self

adem's picture

What a horrible, mostly vacuous 'article'. Look no further than "...if the kid can actually read the headlines..." for proof this writer is either completely out of touch with reality or is dealing in hyperbole and agenda pushing. The USA literacy rate hovers around 99%. If the author would like to argue using anecdotes, fine. Proceed to any gathering of teens in the USA and count the ratio of teens texting on their cell phones to those who aren't.  The co-mingling of hard facts and anecdotal diatribes are reproachful at best.

Sex, violence, and hate are primal components of the human condition. They have always been a part of who and what we are, they are there through both the booms and the busts of empires.

"ungodly" ... OH, that explains it. /snark

I almost wonder if this isn't a cut-and-paste job as I really like many of Mr. Summers' articles. Most recently, "The US Has No Chance of Option 1… So That Leaves Options 2 or 3".


Sancho Ponzi's picture

As of 2003 the actual literacy rate was 95%, and I doubt it has improved since. An additional 30 million were 'Below basic in prose literacy'.

adem's picture

Sancho, I'll gladly accept your number of 95% as I got mine from an inferior source: Wikipedia ( ).

Even if it were 75%, Mr Summers looses my respect by insinuating that the bulk of teenagers cannot read.

"What is happening to our young people? They disrespect their elders, they disobey their parents. They ignore the law. They riot in the streets inflamed with wild notions. Their morals are decaying. What is to become of them?" -Socrates/Plato


Sancho Ponzi's picture

No prob, adem, just trying to set the record straight. Folks living in Cedar Rapids, Iowa or Arlington, Virginia have no idea how bad the illiteracy problem is in the Southwest and Southern Cali. It is literally crushing state economies. That said, I'm lucky to have good kids of my own, and agree it's not fair to disrespect our youth. They've been trashed enough already, and that party just got started.

Sancho Ponzi's picture

BTW, using that 95% figure and Wikipedia's list of countries by literacy rate, the USA is 71st, stuck between Venezuela and Brunei Darussalam (that's if the other literacy rates aren't overstated as well.)  Kinda makes you proud, doesn't it?

Max Hunter's picture

OK.. you got him, so he exaggerated on the "if they can read it" part.. Good for you.. To call his views out of touch with reality is so absurd I can't even come up with a reply.. garbage..

Sex, violence, and hate are primal components of the human condition.

This is a bunch of crap.. Give me a break.. It is because we make it that way. Just because it is PART of our human condition doesn't mean it needs to be the FOCUS of our human condition.


adem's picture

I didn't intend to say or imply that all of Mr Summers' views are out of touch with reality, only those regarding teenage illiteracy. Though upon re-reading my original comment, I see how it comes across that way. Were you to read my entire comment, you may have seen that I in fact agree with some of Mr Summers' other views, vis-a-vis my comments on his previous article.

I'm glad we can agree that sex, violence, and hate are parts of who we are. Suppression of this observation, I believe, may be one of our biggest threats. If they were dealt with honestly then perhaps the bottom-feeders amongst us wouldn't have so much to thrive on.

RockyRacoon's picture

We now know the 2 or 3 things that you disagree with in the article.  How 'bout going back and read the article again to let us know if there is anything worth the read.  If you were objective I'd say you can find a thing or two.   I read Atlas Shrugged many years ago and it shaped my thinking.  It's not my bible by any means.  Point being that one cannot really know what he believes unless he knows what he does not believe.