The Sky is Falling!!!!!!!!!!!!!!!!!!!.....................Probably.

Back on April 11, 2013, I posted about DHS advising local PD’s to prepare for a total economic collapse by the end of April. Well, today is November 4th and it still hasn’t happened.

People have been predicting doom and gloom end time scenarios for roughly the last 20 centuries  so why should we take any doom and gloomer predictions more seriously today than yesterday?

Because an economic collapse IS inevitable and things are playing out pretty much according to the Book of Revelation. Between the Gulf Oil Spill and Fukushima a good third of the ocean’s marine life was/is being wiped out. There are other environmental issues and space threat issues to consider, but let’s get back on the main topic of economic collapse.

There are currently some 90 million Europeans out of work and Chinese warehuses are full of unsold crap. In the United States, if you look at the actual U-6 number, we see that actual unemployment is close to 20%. Further, 41% of the remaining workforce makes 20k/yr. or less and 25% of the workforce makes $10/hr. or less.

Many fleet customers at my current place of employment are letting people go and cutting employee hours and benefits in order to comply with Obongocare. It is estimated that another 7-9 million people will lose their jobs or get their hours cut to 29 or less per week.

Our nation’s long term liabilities are $200-$300 Trillion dollars. Our current GDP is around $15.8 trillion dollars, with much less being collected in taxes. Our current monthly debt is around 1.6 trillion dollars. In 2014, we are expected to take in 5.9 trillion dollars.

Some economists argue that we are taking in enough money each month to at least pay the interest on our national debt, but considering that our stated monthly debt may be underestimated by a factor of six, I do not think we are anywhere near being able to cover our debt interst payments. The only thing keeping the house of cards from falling is the latest round of quantitative easing. Although one would expect hyperinflation to hit soon.

It is also worth mentioning that with full time employment constantly dropping, new housing starts down and a 1.1 trillion dollar student debt crisis looming, the future is looking catastrophically bad.

The sky IS falling.