37 Facts About How Cruel This
Economy Has Been
To Millions
Of Desperate American Families

by: Global Research

Retired Air Force Colonel With Three Graduate Degrees Is Homeless And Sleeps In A Van.


"A measure of wheat for a penny [literally - denarius, a Greek coin which represented a WHOLE DAYS wages in the ancient world], and three measures of barley for a penny; and see thou hurt not the oil and the wine." (Rev. 6:6) [Please see our article, "Moving Closer to a Financial Armageddon."]

The meaning of this lyric is that the condition of man during this era (ie., the "end of days") will be reduced to such that he will have to labor a whole day simply to buy a loaf of bread or three measures of barley. But the second part of the lyric [ie., "... and see thou hurt not the oil and the wine ..."] means that the "hard times" of this period will not extend to the elites. This is the common interpretation - the one subscribed to by such authorities as Ryrie, Pentecost, Ironside, Gaebelein, etc. [Please see our articles, "Two Americas: One Poor, the Other Rich" and "The Divergence of the Rich from the Poor."]

Nonetheless, so powerful is the desire for the "good life" - even among Christians - that they are prone to believe that somehow or other they will be able to "ride out the storm" that Chossudovsky of Global Research and other "TRUTH-TELLERS" are saying is soon to descend upon them like the Valkyries.

In all of this, Christians are confronted with a choice:

  1. Believe what the government and one's own senses are telling them: that everything will turn out okay, or, at the very least, everything is okay for the time-being,
  1. Believe the Prophetic Scriptures and present yourself as a lunatic in the eyes of the world.

-- Antipas



Things are much worse than we are being told insofar as the economy is concerned. For example,

  1. The only reason that the housing market has stabilized in recent years is because an astonishing amount of foreclosed homes have been kept off the market. The homes that have been foreclosed on, but have been kept "out of the market" are known as REOs or Real Estate Owned properties. In some localities, REOs account for 90% of the housing supply. If these properties were suddenly foisted on the market, housing prices would plummet to depths that could not be imagined by most. Very obviously, housing prices are an ARTIFICIAL will-of-the-wisp "reality" that could vanish at any moment, reducing housing values to zilch.
  1. The stock market is also nothing more than an ARTIFICIAL reality, a reality that is sustained only by infusing $57 billion a month of ARTIFICIAL money into the economy – mainly to the stock market. If this flow of ARTIFICIAL money were to suddenly stop, the stock market would crash, making what happened in 2008 and even in 1929 seem like miniature calamities in comparison.
  1. The unemployment rate is much worse than we are being told. The fact is, the REAL unemployment rate is worse than that of the GREAT DEPRESSION. [Please see our article, "THE TRUTH ABOUT THE ECONOMY: Exposing the lies of the government."]

WHAT FOLLOWS IS IN A CERTAIN RESPECT A "FOLLOW-ON" ARTICLE TO OUR LAST BANNER ARTICLE, "Martial Law and the Economy: Is Homeland Security Preparing for the Next Wall Street Collapse?"]

It gives evidence of why the elites are so aggressively preparing themselves for the institution of Martial Law.


Have you ever laid in bed awake at night with a knot in your stomach because you didn't know how your family was possibly going to make it through the next month financially? Have you ever felt the desperation of not being able to provide the basic necessities for your family even though you tried as hard as you could? All over America tonight, there are millions of desperate families that are being ripped apart by this economy. There aren't nearly enough jobs, and millions of Americans that actually do have jobs aren't making enough to even provide the basics for their families.

When you have tried everything that you can think of and nothing works, it can be absolutely soul crushing. Today, one of my regular readers explained that he was not going to be online for a while because his power had been turned off. He has been out of work for quite a while, and eventually the money runs out. Have you ever been there? If you have ever experienced that moment, you know that it stays with you for the rest of your life. If you are single that is bad enough, but when you have to look into the eyes of your children and explain to them why there won't be any dinner tonight or why they have to move into a homeless shelter it can feel like someone has driven a stake into your heart. In this article you will find a lot of very shocking economic statistics. But please remember that behind each statistic are the tragic stories of millions of desperately hurting American families.

Over the past decade, things have steadily gotten worse for American families no matter what our politicians have tried. Poverty and government dependence continue to rise. The cost of living continues to go up and incomes continue to go down. It is truly frightening to think about what this country is going to look like if current trends continue.

The following are 37 facts that show how cruel this economy has been to millions of desperate American families...

  1. One recent survey discovered that 40 percent of all Americans have $500 or less in savings.
  1. A different recent survey found that 28 percent of all Americans do not have a single penny saved for emergencies.
  1. In the United States today, there are close to 10 million households that do not have a single bank account. That number has increased by about a million since 2009.
  1. Family homelessness in the Washington D.C. region (one of the wealthiest regions in the entire country) has risen 23 percent since the last recession began.
  1. The number of Americans living in poverty has increased by about 6 million over the past four years.
  1. Median household income has fallen for four years in a row. Overall, it has declined by more than $4000 over the past four years.
  1. 62 percent of middle class Americans say that they have had to reduce household spending over the past year.
  1. According to a survey conducted by the Pew Research Center, 85 percent of middle class Americans say that it is more difficult to maintain a middle class standard of living today than it was 10 years ago.
  1. In the United States today, 77 percent of all Americans are living to paycheck to paycheck at least some of the time.
  1. In the United States today, more than 41 percent of all working age Americans are not working.
  1. Since January 2009, the "labor force" in the United States has increased by 827,000, but "those not in the labor force" has increased by 8,208,000. This is how they have gotten the unemployment numbers to "come down".
  1. Sadly, 60 percent of the jobs lost during the last recession were mid-wage jobs, but 58 percent of the jobs created since then have been low wage jobs.
  1. Today, about one out of every four workers in the United States brings home wages that are at or below the federal poverty level.
  1. Right now, the United States actually has a higher percentage of workers doing low wage work than any other major industrialized nation does.
  1. At this point, less than 25 percent of all jobs in the United States are "good jobs", and that number continues to shrink.
  1. There are now 20.2 million Americans that spend more than half of their incomes on housing. That represents a 46 percent increase from 2001.
  1. According to USA Today, many Americans have actually seen their water bills triple over the past 12 years.
  1. Electricity bills in the United States have risen faster than the overall rate of inflation for five years in a row.
  1. In 1999, 64.1 percent of all Americans were covered by employment-based health insurance. Today, only 55.1 percent are covered by employment-based health insurance.
  1. Health insurance premiums rose faster than the overall rate of inflation in 2011 and that is happening once again in 2012. In fact, it has been happening for a very long time.
  1. According to one recent survey, approximately 10 percent of all employers in the United States plan to drop health coverage when key provisions of the new health care law kick in less than two years from now.
  1. Back in 1983, the bottom 95 percent of all income earners had 62 cents of debt for every dollar that they earned. By 2007, that figure had soared to $1.48.
  1. Total home mortgage debt in the United States is now about 5 times larger than it was just 20 years ago.
  1. Total consumer debt in the United States has risen by 1700 percent since 1971.
  1. Recently it was announced that total student loan debt in the United States has passed the one trillion dollar mark.
  1. According to one recent survey, approximately one-third of all Americans are not paying their bills on time at this point.
  1. Right now, approximately 25 million American adults are living at home with their parents.
  1. The percentage of Americans that find that they are able to retire when they reach retirement age continues to decline. According to one new survey, 70 percent of middle class Americans plan to work during retirement and 30 percent plan to work until they are at least 80 years old.
  1. The U.S. economy lost more than 220,000 small businesses during the recent recession.
  1. In 2010, the number of jobs created at new businesses in the United States was less than half of what it was back in the year 2000.
  1. Back in 2007, 19.2 percent of all American families had a net worth of zero or less than zero. By 2010, that figure had soared to 32.5 percent.
  1. Approximately 57 percent of all children in the United States are living in homes that are either considered to be either "low income" or impoverished.
  1. In the United States today, somewhere around 100 million Americans are considered to be either "poor" or "near poor".
  1. In October 2008, 30.8 million Americans were on food stamps. Today, 46.7 million Americans are on food stamps.
  1. Approximately one-fourth of all children in the United States are enrolled in the food stamp program.
  1. Right now, more than 100 million Americans are enrolled in at least one welfare program run by the federal government. And that does not even count Social Security or Medicare.
  1. According to the U.S. Census Bureau, an all-time record 49 percent of all Americans live in a home where at least one person receives financial assistance from the federal government. Back in 1983, that number was less than 30 percent.

What makes all of this even more frightening is that many homeless shelters and food banks around the nation are so overloaded at this point that they are already over capacity. Just consider this example...

"When Janice Coe, a homeless advocate in Loudoun County, learned through her prayer group that a young woman was sleeping in the New Carrollton Metro station with a toddler and a 2-month-old, she sprang into action.

"Coe contacted the young woman and arranged for her to take the train to Virginia, where she put the little family up in a Comfort Suites hotel. Then Coe began calling shelters to see who could take them.

"Despite several phone calls, she came up empty. Coe was shocked to learn that many of the local shelters that cater to families were full, including Good Shepherd Alliance, where Coe was once director of social services.

"I don't know why nobody will take this girl in," Coe said. "The baby still had a hospital bracelet on her wrist."

Keep in mind that Loudoun Country is smack dab in the middle of one of the wealthiest areas of Virginia.

So if things are that bad in the wealthy areas, exactly how bad are things getting in many of the poorer areas?

Unfortunately, things continue to get worse for this economy. DuPont has just announced plans to eliminate 1,500 jobs. There are more major layoff announcements almost every single day. So how bad will things get when our crumbling economic system finally collapses? When kind of chaos will be unleashed all over the nation when millions upon millions of Americans finally lose all hope?

In the introduction to this article, I mentioned that one of my regular readers has had his lights turned off. The following is how he described his situation...

"No gas, no water, no electricity at my house. Couldn't pay the bills. I'm broke. Desperately searching for any means of income, or at least enough cash to get the juice (electricity) restored.

"Typing this missive in a dark house using the battery on my laptop. Feels like I'm camping out at home. Hope to get this situation fixed tomorrow... somehow. Needless to say, I *.... hate this.

"I was ready for this, but it is still a major league inconvenience. For those of you who DO have power, etc. – and are not ready... oh brother. You need to get ready. Seriously, you do. Because what I'm going through is just an inconvenience. It may someday be a normal occurrence. Ugh. (expletives deleted)"

Brothers and sisters, in the light of all this, I urge you to remember what true Christianity is all about; it's about sharing ourselves and our resources unreservedly with our brothers and sisters as the early church did in Jerusalem. [Please see PART 2 of Chapter V of the New Antipas Papers, "THE CHURCH AS THE COMMUNITY OF GOD."]

The Bible says:

"But whoso [of you] hath this world's good, and seeth his brother have need, and shutteth up his bowels of compassion from him, how dwelleth the love of God in him?

"My little children, let us not love in word, neither in tongue; but in deed and in truth." (1 John 3:17-18)


"If a brother or sister be naked, and destitute of daily food,

"And one of you say unto them, Depart in peace, be ye warmed and filled; notwithstanding ye give them not those things which are needful to the body; what doth it profit?" (James 2:15-16)

"By this shall all men know that ye are my disciples, if ye have love one to another." (John 13:35)

More next time.

God bless you all,

SR Shearer,

Have the courage of Sophie Scholl: Pass out our flyer, leave it in libraries, affix it to trees and posts, put it on the windshields of cars, especially those in church parking lots. Sophie Scholl

At the age of 21 Sophie was executed by guillotine after being convicted of high treason. Her crime was publishing some anti-war leaflets that were printed by the White Rose (a non-violent resistance group that encouraged people to passively resist the Nazis) in 1943 at Munich University. Eventually a copy of the leaflet made it out of Germany and millions of copies were made and then dropped by plane over parts of Germany. Its was re-entitled The Manifesto of Munich Students.

Do you possess the courage that Sophie possessed? ARE YOU WILLING TO DOWN LOAD OUR FLYER AND PASS IT OUT? [Please see our article, "We Are Your Conscience: The White Rose Society."]






Once again, we URGE you to read (or re-read):


1 Sam. 21:14-22:2

Come fellowship with us.