The American Dream is rapidly fading away as our nation hurtles toward economic collapse. Yet, the mainstream media remains fixated on the trivial drama of the “debt ceiling,” conveniently ignoring the fact that our country is already bankrupt.
We find ourselves trapped in a system where big government and big corporations are growing stronger every day and exerting more and more influence in every aspect of our lives. This insidious partnership siphons vast amounts of wealth into the pockets of a privileged few, while the rest of us struggle to make ends meet.
According to a New York Federal Reserve probability model, the chances of the United States falling into a recession within the next 12 months have reached a 40-year high. The writing is on the wall, and the signs of impending economic disaster surround us.
- Total consumer debt has soared to a staggering new high, surpassing $31 trillion
- Since the pre-Covid era of 2019, total indebtedness has skyrocketed by approximately $2.9 trillion.
- Foreign governments and private investors hold nearly $7.6 trillion of the debt — roughly 31% of the Treasurys in financial markets.
A recent study conducted by Researchers at Brandeis University revealed that over one-third of American families working full-time fail to earn enough to cover their basic needs. As a result, housing, food, transportation, medical care, and essential household expenses remain out of reach for these hardworking Americans. The situation is particularly severe for low-income families with children, with more than two-thirds of full-time workers reporting that they are now struggling to make ends meet.
Meanwhile, credit card debt is poised to surpass $1 trillion for the first time, further sinking Americans into debt slavery with record interest rates of 25%. Basic necessities are becoming increasingly unaffordable, pushing countless people and families to the brink of financial ruin.
And the cost of renting or buying a home…
A recent survey highlighted the pervasive financial stress gripping the nation, with approximately 70% of Americans openly admitting to being worried about their personal finances. Moreover, since the onset of the so-called Covid-19 pandemic, 52% of American adults report that their financial stress has intensified.
And in the ever-growing banking crisis, Treasury Secretary Yellen recently told bank CEOs that further bank mergers “may be necessary.” This crisis is not only accelerating the movement of deposits but also consolidating the banking sector. Over the past century, the total number of banks in the US has fallen by 90% to only 4,100 banks nationwide – and many of those are in major risk of collapse. It’s quite clear what they are doing, pretty soon a handful of powerful few banks will wield control over almost all US deposits.
- The Banking Collapse Of 2023 Is LARGER Than The Banking Collapse Of 2008
- According to the NFIB Small Business Optimism Index, small businesses are grappling with historic inflation, chronic labor shortages, and a bleak economic outlook. As many as 45 percent of small business owners believe that the economy will continue to deteriorate, making it difficult for them to operate and stay afloat.
Are you Prepared?
Our nation stands on the precipice of economic collapse, with our livelihoods hanging in the balance. The American Dream is fading into obscurity as the forces of greed tighten their grip.
We advise reading our article on Preparing for an Economic Collapse. We talk about the history of economic collapses, list the steps you need to take, and talk about what will most likely happen when the banking system goes down. You can read the article here.
Be Prepared to Feed Yourself when the Collapse Hits!
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