17 Signs That Most Americans Will Be Wiped Out By The Coming Economic Collapse

Tyler Durden's picture




 

Submitted by Michael Snyder of The Economic Collapse blog,

The vast majority of Americans are going to be absolutely blindsided by what is coming.  They don't understand how our financial system works, they don't understand how vulnerable it is, and most of them blindly trust that our leaders know exactly what they are doing and that they will be able to fix our problems.  As a result, most Americans are simply not prepared for the massive storm that is heading our way.  Most American families are living paycheck to paycheck, most of them are not storing up emergency food and supplies, and only a very small percentage of them are buying gold and silver for investment purposes.   They seem to have forgotten what happened back in 2008. 

When the financial markets crashed, millions of Americans lost their jobs.  Because most of them were living on the financial edge, millions of them also lost their homes.  Unfortunately, most Americans seem convinced that it will not happen again.  Right now we seem to be living in a "hope bubble" and people have become very complacent.  For a while there, being a "prepper" was very trendy, but now concern about a coming economic crisis seems to have subsided.  What a tragic mistake.  As I pointed out yesterday, our entire financial system is a giant Ponzi scheme, and there are already signs that our financial markets are about to implode once again

Those that have not made any preparations for what is coming are going to regret it bitterly.  The following are 17 signs that most Americans will be wiped out by the coming economic collapse...

#1 According to a survey that was just released, 76 percent of all Americans are living paycheck to paycheck.  But most Americans are acting as if their jobs will always be there.  But the truth is that mass layoffs can occur at any time.  In fact, it just happened at one of the largest law firms in New York City.

#2 27 percent of all Americans do not have even a single penny saved up.

#3 46 percent of all Americans have $800 or less saved up.

#4 Less than one out of every four Americans has enough money stored away to cover six months of expenses.

#5 Wages continue to fall even as the cost of living continues to go up.  Today, the average income for the bottom 90 percent of all income earners in America is just $31,244.  An increasing percentage of American families are just trying to find a way to survive from month to month.

#6 62 percent of all middle class Americans say that they have had to reduce household spending over the past year.

#7 Small business is becoming an endangered species in America.  In fact, only about 7 percent of all non-farm workers in the United States are self-employed at this point.  That means that the vast majority of Americans are depending on someone else to provide them with an income.  But what is going to happen as those jobs disappear?

#8 In 1989, the debt to income ratio of the average American family was about 58 percent.  Today it is up to 154 percent.

#9 Today, a higher percentage of Americans are dependent on the government than ever before.  In fact, according to the U.S. Census Bureau 49 percent of all Americans live in a home that gets direct monetary benefits from the federal government.  So what is going to happen when the government handout gravy train comes to an end?

#10 Back in the 1970s, about one out of every 50 Americans was on food stamps.  Today, about one out of every 6.5 Americans is on food stamps.

#11 It is estimated that less than 10 percent of the U.S. population owns any gold or silver for investment purposes.

#12 It has been estimated that there are approximately 3 million "preppers" in the United States.  But that means that almost everyone else is not prepping.

#13 44 percent of all Americans do not have first-aid kits in their homes.

#14 48 percent of all Americans do not have any emergency supplies stored up.

#15 53 percent of all Americans do not have a 3 day supply of nonperishable food and water in their homes.

#16 One survey asked Americans how long they thought they would survive if the electrical grid went down for an extended period of time.  Incredibly, 21 percent said that they would survive for less than a week, an additional 28 percent said that they would survive for less than two weeks, and nearly 75 percent said that they would be dead before the two month mark.

#17 According to a survey conducted by the Adelphi University Center for Health Innovation, 55 percent of Americans believe that the government will come to their rescue when disaster strikes.

Just because you are living a comfortable middle class lifestyle today does not mean that it will always be that way.

If you doubt this, take a look at what is going on in Greece.  Many formerly middle class parents in Greece have become so impoverished that they are actually dumping their children at orphanages so that they won't starve...

Scores of children have been put in orphanages and care homes for economic reasons; one charity said 80 of the 100 children in its residential centres were there because their families can no longer provide for them.

Ten percent of Greek children are said to be at risk of hunger. Teachers talk of cancelling PE lessons because children are underfed and of seeing pupils pick through bins for food.

If the U.S. economy crashes and you lose your job, how will you and your family survive?

Will you and your family end up homeless and totally dependent on the government for your survival?

Get prepared while there is still time.  If you do not know how to get prepared, my article entitled "25 Things That You Should Do To Get Prepared For The Coming Economic Collapse" has some basic tips, and there are dozens of excellent websites out there that teach people advanced prepping techniques for free.

So there is no excuse.  You can trust that Ben Bernanke and Barack Obama have everything under control, but as for me and my family we are going to prepare for the giant economic storm that is coming.

I hope that you will be getting prepared too.

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Tue, 06/25/2013 - 17:32 | 3692439 takeaction
takeaction's picture

Yep...it is coming.  The wheels are going to come off with these facts...and if you want to kick the NSA...do this. And just picked up another 200 Eagles!  FU BERNANKE!!

Foxtrot, Uniform, Charlie, Kilo____Tango, Hotel, Echo____November. Sierra.? Alpha
 http://www.youtube.com/watch?v=v4z09el30f8

Tue, 06/25/2013 - 17:43 | 3692482 ZerOhead
ZerOhead's picture

You should learn to be more careful... there is always a slim chance they may be able to figure your code out.

On the other hand if you want them to get the message you could always have Russian Intellegence deliver it for you... no wait... that didn't work either...

Tue, 06/25/2013 - 17:43 | 3692497 ACP
ACP's picture

Uck-fay the ational-nay ecurity-say agency-ay.

Tue, 06/25/2013 - 17:46 | 3692505 ZerOhead
ZerOhead's picture

Now that's more like it... 100% uncrackable!

Tue, 06/25/2013 - 18:16 | 3692588 g'kar
g'kar's picture

Should be bullish for stocks! (I know, played out)

Tue, 06/25/2013 - 18:45 | 3692652 WhiskeyTangoFoxtrot
WhiskeyTangoFoxtrot's picture

..-. ..- -.-. -.- / - .... . / -. ... .-

Tue, 06/25/2013 - 18:57 | 3692708 HelluvaEngineer
HelluvaEngineer's picture

.. / ..- -. -.. . .-. ... - .- -. -.. / -.-- --- ..- .-. / -- . ... ... .- --. . / .- -. -.. / ..-. ..- .-.. .-.. -.-- / ... ..- .--. .--. --- .-. - / -.-- --- ..- / -... ..- - / .. / - .... .. -. -.- / - .... .. ... / -.-. .... .- -. -. . .-.. / .... .- ... / -... . . -. / -.-. --- -- .--. .-. --- -- .. ... . -..

Tue, 06/25/2013 - 19:49 | 3692824 gmrpeabody
gmrpeabody's picture

... --- ...

... --- ...

Tue, 06/25/2013 - 20:04 | 3692849 francis_sawyer
francis_sawyer's picture



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Tue, 06/25/2013 - 20:38 | 3692918 Almost Solvent
Almost Solvent's picture

-.-. .- ..- ... . / - .... . -. / - .... . .-. . / .-- .- ... / - .... .. ... / -... --- -.-- / .-- .... --- ... . / .--. .- .-. . -. - ... / -- .- -.. . / .... .. -- / -.-. --- -- . / -.. .. .-. . -.-. - .-.. -.-- / .... --- -- . / .-. .. --. .... - / .- ..-. - . .-. / ... -.-. .... --- --- .-.. / .- -. -.. / .-- .... . -. / - .... . -.-- / .-- . -. - / - --- / - .... . .. .-. / -.-. .... ..- .-. -.-. .... / - .... . -.-- / ... .... --- --- -.- / .- -. -.. / .-.. ..- .-. -.-. .... . -.. / .- .-.. .-.. / --- ...- . .-. / - .... . / -.-. .... ..- .-. -.-. .... / ..-. .-.. --- --- .-. / .... . / -.-. --- ..- .-.. -.. -. .----. - / --.- ..- .. - . / . -..- .--. .-.. .- .. -. / .. - / - .... . -.-- .----. -.. / .- .-.. .-- .- -.-- ... / .--- ..- ... - / --. --- -. . / - .... . .-. .

Tue, 06/25/2013 - 21:04 | 3692970 clymer
clymer's picture

took my prepping funds and bought a lake front lot. Gonna drink beer on a pontoon boat. (it is in a rural location..)

Wed, 06/26/2013 - 00:19 | 3693598 Never One Roach
Never One Roach's picture
76% of Americans Are Living Paycheck-to-Paycheck

 

http://finance.yahoo.com/news/76-americans-living-paycheck-paycheck-0459...

 

And yet, another article says, "American confidence at 5-year high."

 

I thought LSD was off the streets....I guess not.

Wed, 06/26/2013 - 00:25 | 3693616 BLOTTO
BLOTTO's picture

lol.

.

I needed all that^ -funny shit. Therapy. Ahhhhh.

.

Im baked.

Wed, 06/26/2013 - 04:10 | 3693802 gold-is-not-dead
gold-is-not-dead's picture
AssassinationAttack Domestic securityDrillExerciseCopsLaw enforcementAuthoritiesDisaster assistanceDisaster managementDNDO (Domestic NuclearDetection Office)National preparednessMitigationPreventionResponseRecoveryDirty bombDomestic nuclear detectionEmergency managementEmergency responseFirst responderHomeland securityMaritime domain awareness(MDA)National preparednessinitiativeMilitiaShootingShots firedEvacuationDeathsHostageExplosion (explosive)PoliceDisaster medical assistanceteam (DMAT)Organized crimeGangsNational securityState of emergencySecurityBreachThreatStandoff SWATScreeningLockdownBomb (squad or threat)CrashLootingRiotEmergency LandingPipe bombIncidentFacility
Tue, 06/25/2013 - 23:56 | 3693543 HulkHogan
HulkHogan's picture

A Crash Test Dummies reference. Very nice.

Wed, 06/26/2013 - 03:22 | 3693778 OldPhart
OldPhart's picture

Google translate just crashed.

Tue, 06/25/2013 - 20:40 | 3692920 Yes_Questions
Yes_Questions's picture

 

 

This just never gets old.

Tue, 06/25/2013 - 19:29 | 3692787 JamesBond
JamesBond's picture

..-. ..- -.-. -.-  / -.-- --- ..- /  -... . .-. -. .- -. -.- . 

Tue, 06/25/2013 - 21:52 | 3693113 Whatta
Whatta's picture

.- -. -.. / - .... . / .... --- .-. ... . / - .... . -.-- / .-. --- -.. . / .. -. / --- -.

Tue, 06/25/2013 - 18:22 | 3692617 jsgibson
jsgibson's picture

This thread to be saved for "a period sufficient to allow a thorough exploitation"!

Tue, 06/25/2013 - 18:50 | 3692683 Flagit
Flagit's picture

if you REALLY want to know if a safe is secure, fill it with crack-cocaine and give it to a crack-head and his crack-head friends. its an odd sort of think-tank.

Wed, 06/26/2013 - 01:58 | 3693645 A Nanny Moose
A Nanny Moose's picture

..to the average inept, unionized gummint bureaucrap.

Was that redundant?

Tue, 06/25/2013 - 21:19 | 3693019 Andre
Andre's picture

I'd be surprised if they didn't get it. That's NATO phonetic alphabet.

Tue, 06/25/2013 - 17:43 | 3692496 The Shootist
The Shootist's picture

No. 16, dying for lack of electricity. Hilarious, a la South Park's vanishing internet episode.

Tue, 06/25/2013 - 19:22 | 3692774 plane jain
plane jain's picture

May not be that far off the mark.  How many will die right off when they lose life support? Readily available safe drinking water? Prescription medication?

Tue, 06/25/2013 - 23:57 | 3693545 Parrotile
Parrotile's picture

ALL commercial Insulin formulations NEED refrigerated storage, so without available storage, your Insulin - dependent Diabetics are in for a tough time. If they have an alternative energy source (i.e. complete or some degree of grid-independence) things immediately look up for them, but how many Metropolitan dwellers have this capability?

Then we have those who really DO need CPAP, and those who really DO need their oxygen concentrators. The IDD crowd might get by using the old ammonia-cycle absorption refrigerators (popular with boat and caravan owners), but those needing ventilatory support at home will be in a much worse bind.

FInally - we all know Hospitals (and most larger Health Centres) do have their own generation capacity, but such capacity is really designed for "emergency" use only - and their fuel stores (usually diesel) are not that substantial, being intended to provide cover for hours, maybe a day or two at most. Certainly no longer than 7 days. Need more fuel - see below . . . . .

With the loss of Grid power, we'll also lose all those nice "invisible" services that you note - water, mains gas (electrical pressurisation and distribution management) sewerage, rail services (no power for points / signalling), telecoms (Mobile / Landline / Internet) and the ability to provide efficient bulk transport - since distribution planning is all performed via the Internet these days for "Ease and Efficiency" reasons.

Not exactly a rosy picture is it - since reliable availability of electrical power is really the "glue" that holds our modern, IT Infrastructure dependent society together.

Tue, 06/25/2013 - 18:20 | 3692552 Winston Churchill
Winston Churchill's picture

What sort of cages do you have for those eagles?

Nobody here has any PM's, all terrible sailors so I've heard.

Tue, 06/25/2013 - 18:13 | 3692560 ebworthen
ebworthen's picture

I'll say it:

Fuck the NSA!

You boys and girls (General Alexander) need to follow your oath:

"I, (NAME), do solemnly swear (or affirm) that I will support and defend the Constitution of the United States against all enemies, foreign and domestic {emphasis added}; that I will bear true faith and allegiance to the same; and that I will obey the orders of the President of the United States and the orders of the officers appointed over me, according to regulations and the Uniform Code of Military Justice. So help me God."

I have a better chance of getting killed by a testosterone laden SWAT Team issuing a no-knock warrant at the wrong address and killing me first then asking questions later - than I do by some spiritually challenged terrorist.

The Constitution of the United States is currently being trampled by the Executive Branch, the Legislative Branch, and the Judicial Branch.  Get busy.

Tue, 06/25/2013 - 19:11 | 3692749 worbsid
worbsid's picture

Those NSA people are obaying the President so they can skate when the SHTF.  "Ich bin just following orders." 

Tue, 06/25/2013 - 20:24 | 3692898 Chuck Walla
Chuck Walla's picture

Dear NSA, I am not a part of this hate fest. i love Obama, I really, really do! Please, don't drone me, Bro!

FORWARD SOVIET!

Tue, 06/25/2013 - 22:09 | 3693161 geekgrrl
geekgrrl's picture

I logged-in just to upvote this. What a great comment.

But while I'm here, let me just add: Free Bradley Manning already!!!

Wed, 06/26/2013 - 01:23 | 3693697 ebworthen
ebworthen's picture

Thanks for that.

Yes, free Bradley Manning and pardon Edward Snowden.

Wed, 06/26/2013 - 07:00 | 3693971 WarriorClass
WarriorClass's picture

Some thoughts on the Edward Snowden NSA media blitz.

 

What has Snowden revealed that we didn't already know or that hadn't already been leaked in the last 10 years.  If you do a search engine query of US Government Domestic Spying how many hits will it show?  What if you add the word "illegal" to your search?

Why didn't China or Russia want to keep Snowden in their countries for further questioning?  I mean if he really had super-secret NSA stuff, wouldn't they want it?

Why didn't the government controlled media broadcast the other whistle blowers on illegal US Government Domestic Spying that have been speaking out since 2002, and earlier?  Why do they want to make sure EVERYONE now knows they are being watched by the government?

Why are Americans so ready to accept this media created hero at face value, when they know that the CIA has been using the media for years to manipulate public opinion?  Is there ANYONE left in America (other than Texas) that can think for themselves?

Will Texas now secede from the Union, seeing that there is no brain activity left outside its borders?

 

Wed, 06/26/2013 - 08:14 | 3694084 TuPhat
TuPhat's picture

This Texan thanks you for the compliment.  I only wish all Texans could think and that we would secede.  "They" wouldn't allow that however.

Sat, 06/29/2013 - 04:29 | 3705698 geekgrrl
geekgrrl's picture

As far as I can tell, Snowden has revealed little but confirmed a great deal.

What exactly is happening here is TBD, so I will hold my judgment until I have definitive proof, but I don't see any reason why I should jump to the same conclusions as you have.

Tue, 06/25/2013 - 18:33 | 3692642 Max Cynical
Max Cynical's picture

A friend ordered a monster box of Silver Eagles from Tulving. He just received it today...5 weeks later.

Tue, 06/25/2013 - 18:43 | 3692668 Room 101
Room 101's picture

5 weeks?  There are other dealers out there:

https://comparesilverprices.com/

 

Tue, 06/25/2013 - 19:19 | 3692769 koaj
koaj's picture

i ordered may 19th, got them june 5th...2+ weeks for a smaller order

 

prices through the floor yet not a physical piece to be found

Tue, 06/25/2013 - 23:28 | 3693460 Prometheus418
Prometheus418's picture

I'll confirm that there is a similar situation with Gainesville Coin.  Not quite as extreme, but close enough for .gov work.  

Last order took three weeks, and some correspondance.  It wasn't until I questioned whether or not they actually had the metal, and suggested that they settle my order with cash equivalent + 50% default fee that they sent it out.

They claim it was lack of shipping personnel, but that seems kind of unlikely given the current situation.

That being said, I would still endorse them as a reputable dealer.  They're BS'ing hard right now, but with the rediculously low spot price, I don't blame them for fudging a little to stay afloat through this- I'd do it myself, in that position. 

Tue, 06/25/2013 - 19:51 | 3692828 ncdirtdigger
ncdirtdigger's picture

Odd. He used to get it to you within 10 days

Tue, 06/25/2013 - 20:25 | 3692887 Car 54 Where Are U
Car 54 Where Are U's picture

I know a small US miner that has 1-10troy oz gold bullion and bars, assay certified, numbered and 99.95% pure. 190oz per month available. 5% below NY spot. Ships anywhere in the world. The Refiner will even purchase back at 1% below... So 4% per month profit regardless what the price is. Pretty slick.

Tue, 06/25/2013 - 21:06 | 3692975 espirit
espirit's picture

linky, linky.

Put up or shut up. This is Fight Club.

Wed, 06/26/2013 - 13:07 | 3695633 Car 54 Where Are U
Car 54 Where Are U's picture

Contact me at greg@logigold.com. Happy to fill you in and provide the contact point.

Tue, 06/25/2013 - 21:14 | 3693000 chamaflauge
chamaflauge's picture

I am ready to buy immediately...Can you give me his contact? can we talk?

MY skype is: chamaflauge2278

chamaflauge@gmail.com

Im living in shanghai and I have a buyor from Germany who desperately needs to get his hands on some gold...but we can't trust none  of the ghanian and Nigerian gold scams....so he's afraid to push the button.

 

Hit me up asap and lets talk

Tue, 06/25/2013 - 17:30 | 3692443 fonzannoon
fonzannoon's picture

"The vast majority of Americans are going to be absolutely blindsided by what is coming.  They don't understand how our financial system works, they don't understand how vulnerable it is, and most of them blindly trust that our leaders know exactly what they are doing and that they will be able to fix our problems."

I totally disagree. Everyone I know agrees a shitstorm is coming and we are all fucked. "But there is nothing we can do about it"...."and it's a few years away yet"....

Tue, 06/25/2013 - 17:37 | 3692471 SKY85hawk
SKY85hawk's picture

Well, we're not completly helpless.  Look at the charts for ERY(short Energy) FAZ (short financial) for summer 2011 & 2012.

Not saying the timing is exact, but if corrections happened in the summer last 2 years  .    .      .

Something to think about.   Btw, my positions are all in a ROTH Ira, THINK!

 

Tue, 06/25/2013 - 18:23 | 3692618 Tom Servo
Tom Servo's picture

Careful holding FAZ overnight, i know many a man (myself included) who has been blowtorched on that fine "instrument"...

 

Tue, 06/25/2013 - 17:38 | 3692478 Truther
Truther's picture

Sure.....and bernancke is my bitch.

Wake the fuck up dude

Tue, 06/25/2013 - 17:39 | 3692484 Totentänzerlied
Totentänzerlied's picture

Sounds like sampling bias. The only person I know with any inkling of a clue is a former economist turned commercial farmer - not American, either.

Tue, 06/25/2013 - 18:06 | 3692558 Winston Smith 2009
Winston Smith 2009's picture

Agreed.  All ya' gotta' do is look at current headlines like this:

Consumer confidence surges to five-year high

http://www.latimes.com/business/money/la-fi-mo-consumer-confidence-conference-board-economy-20130625,0,7966105.story

Absolutely clueless...

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