1.
National debt interest payments are roughly $220 billion each year (2012
figures). These interest payments are the fourth largest budgetary item. The
interest on the nation’s debt is expected to climb to $1 trillion by 2020,
according to the nonpartisan Congressional Budget Office (CBO).
2. The U.S. has more debt per
capita ($44,215) than
the nations of Ireland ($43,887), Italy ($40,475), Greece ($38,937), France
($33,491), Portugal ($19,989) and Spain ($18,395). This figure is expected to
hit $75,000 by 2022.
3. Total personal debt is close to $16 trillion – nearly as much as the national debt.
This includes nearly $13 trillion in mortgage debt, $1.01 trillion in student
loan debt and more than $865 billion in credit card debt. This debt equates to
$50,000 per citizen.
4. If the federal governments
taxed 100 percent of all millionaires’ and billionaires’ incomes it would only keep the doors
of Congress open for an additional 90 days.
5. U.S. credit card 30-day
delinquency rate was nearly three percent in
Jan. 2012.
6. One out of seven Americans
has 10 credit cards and another one in seven Americans
uses at least half of the credit balance.
7. U.S. total debt (household,
business, state, local, federal and financial institutions) is $58.1 trillion and this number continues to grow
$30,000 each second. This is an outstanding $184,463 debt per citizen.
8. A large number of U.S.
households are receiving more from
the government than
they are paying in with taxes.
9. The national savings
rate is between four
and five percent of income, compared to China’s 52 percent, India’s 30 percent and Australia’s 12
percent.
10. The real unemployment
rate is about 23 percent as
opposed to the government’s 7.8 percent unemployment rate. The Bureau of Labor
Statistics (BLS) does not include persons who have stopped looking for
work for more than one year, individuals who work part-time but are still
seeking full-time employment or those who have quit the workforce entirely and
hit retirement.
11. There are 12.3 million
Americans unemployed. That’s more than the entire populations of
Belgium, Greece, Portugal, Sweden, Denmark, Finland, Iceland, Israel,
Switzerland and the United Arab Emirates (UAE).
12. 44 percent of American
households are one financial
emergency away from
economic collapse.
13. According to the New York Federal Reserve, 11 percent of
student loans were 90 days or more past due in the third quarter of 2012, up
from 8.9 percent in from the previous quarter and 8.8 percent in 2011.
14. The average university
graduate leaves school with $28,700 in debt,
up 31 percent from 2007.
15. Half of college
undergraduates had four or more credit
cards in 2008, up from 43 percent in 2004 and 32 percent in 2000.
16. Seniors graduated school
with more than $4,000 in credit card debt,
while about 20 percent of seniors maintained balancers greater than $7,000.
17. More than 5,000 PhDs work as
janitors, 16 percent are bartenders and 13 percent are waiters and
waitresses.
18. Roughly 25 million American
adults are living with their
parents.
19. Nearly 48 million Americans are on food stamps.
This figure has soared from 33.4 million when President Barack Obama took
office in 2009.
20. In the future, half of all
American children will be on food stamps at least once in their lifetime (90 percent of black
children will be on
this program at least once).
21. There are 13 states that have
at least one million users of
food stamps: Arkansas (1.1 million), California (3.96 million), Florida (3.3
million), Georgia (1.9 million), Illinois (1.86 million), Michigan (1.8
million), New York (3.07 million), North Carolina (1.66 million), Ohio (1.8
million), Pennsylvania (1.8 million), Tennessee (1.3 million), Texas (4.03
million) and Washington (1.1 million).
22. More than 128 million
Americans receive assistance from
at least one federal program. With a population of roughly 311 million
Americans, that’s 41 percent of the nation. Since 1988, the index of dependence
on government score grew 180 percent, while the number of people in federal
programs jumped 61 percent.
23. The subprime mortgage
crisis has led to
1,000 foreclosure actions in the U.S. every hour during the working day.
24. Homeowners are paying more than
$750 million in mortgage payments for
non-existent housing value (amount of mortgages that vanished when the bubble
burst in the 2007/2008 financial collapse).
25. Value in total homes lose
more than half a million
dollars each hour.
26. The Federal Reserve is not a government agency and no other government branch,
department or agency can overrule the Fed. Here is an excerpt from its
website:
“The twelve regional Federal
Reserve Banks, which were established by Congress as the operating arms of the
nation’s central banking system, are organized much like private
corporations–possibly leading to some confusion about “ownership.” For example,
the Reserve Banks issue shares of stock to member banks. However, owning
Reserve Bank stock is quite different from owning stock in a private company.
The Reserve Banks are not operated for profit, and ownership of a certain
amount of stock is, by law, a condition of membership in the System. The stock
may not be sold, traded, or pledged as security for a loan; dividends are, by
law, 6 percent per year.”
27. Since the inception of the
Federal Reserve, the U.S. dollar has
lost more than 90 percent of its value. Due to the Fed’s constant
expansion of the money supply, the value of the nation’s currency
will continue to erode.
28. The U.S. debt is 4,700 times
larger than when the
Fed was first instituted.
29. The real consumer
inflation rate is
close to six percent rather than the Federal Reserve’s number of two percent
(based on 1980 inflation models).
30. During the height of the
2007/2008 economic collapse, the Fedhanded out more
than $16 trillion in secret loans:
Citigroup: $2.513 trillion
Morgan Stanley: $2.041 trillion
Merrill Lynch: $1.949 trillion
Bank of America: $1.344
trillion
Barclays PLC: $868 billion
Bear Sterns: $853 billion
Goldman Sachs: $814 billion
Royal Bank of Scotland: $541
billion
JP Morgan Chase: $391 billion
Deutsche Bank: $354 billion
UBS: $287 billion
Credit Suisse: $262 billion
Lehman Brothers: $183 billion
Bank of Scotland: $181 billion
BNP Paribas: $175 billion
Wells Fargo: $159 billion
Dexia: $159 billion
Wachovia: $142 billion
Dresdner Bank: $135 billion
Societe Generale: $124 billion
“All Other Borrowers”: $2.639
trillion
http://economiccollapsenews.com/2013/02/09/30-shocking-economic-collapse-statistics-the-mainstream-media-will-not-report/
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