24 Signs Of Economic Decline In America

Dust Bowl Depression

[credit provider=”donhankins via flickr” url=”http://www.flickr.com/photos/[email protected]/3600252879/sizes/z/in/photostream/”]

The United States is in the middle of a devastating long-term economic decline and it is getting really hard to deny it.

Click here to see the signs >
Over the past year I have included literally thousands of depressing statistics in my articles about the U.S. economy. 

I have done this in order to make an overwhelming case that the U.S. economy is in deep decline and is dying a little bit more every single day. 

Until we understand exactly how bad our problems are we will never be willing to accept the solutions.  The truth is that our leaders have absolutely wrecked the greatest economic machine that the world has ever seen. 

Most Americans just assume that we will always experience overwhelming prosperity, but that is not anywhere close to the truth.  We are not guaranteed anything.  Our manufacturing base has been gutted, the number of jobs is declining, more Americans are dependent on government handouts than ever before, our dollar is dying and as a nation we are absolutely drowning in debt. 

The economists that are trumpeting an “economic recovery” and that are declaring that the U.S. economy will soon be “better than ever” are delusional.  We really are steamrolling toward a complete and total economic collapse and our leaders are doing nothing to stop it.

The following are 24 more signs of economic decline in America.  Hopefully you will not get too depressed as you read them….

[slideshow]
[slide
permalink=”standard-and-poors-altered-its-outlook-on-us-government-debt-from-stable-to-negative-1″
title=”Standard & Poor’s altered its outlook on U.S. government debt from “stable” to “negative””
content=”They warned the U.S. it could soon lose its AAA rating. This is yet another sign that the rest of the world is losing faith in the U.S. dollar and in U.S. Treasuries.”
image=”http://static.businessinsider.com/image/4b05bfb20000000000386f13″
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[slide
permalink=”china-has-announced-that-they-are-going-to-be-reducing-their-holdings-of-us-dollars-2″
title=”China has announced that they are going to be reducing their holdings of U.S. dollars”
content=”In fact, there are persistent rumours that this has already been happening.”
image=”http://static.businessinsider.com/image/4db158494bd7c8f6673d0000″
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[slide
permalink=”hedge-fund-manager-dennis-gartman-says-that-panic-dollar-selling-is-setting-in-and-that-the-us-dollar-could-be-in-for-a-huge-decline-3″
title=”Hedge fund manager Dennis Gartman says that “panic dollar selling is setting in” and that the U.S. dollar could be in for a huge decline”
content=”Source: CNBC
image=”http://static.businessinsider.com/image/4db1592fccd1d5525d1b0000″
caption=””
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]
[slide
permalink=”the-biggest-bond-fund-in-the-world-pimco-is-now-shorting-us-government-bonds-4″
title=”The biggest bond fund in the world, PIMCO, is now shorting U.S. government bonds”
content=”Source: Bloomberg
image=”http://static.businessinsider.com/image/4db15b554bd7c856751d0000″
caption=””
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]
[slide
permalink=”the-economy-is-causing-ghost-towns-to-appear-all-across-the-united-states-5″
title=”The economy is causing “ghost towns” to appear all across the United States.”
content=”Many counties across the nation that now have home vacancy rates of over 50%.”
image=”http://static.businessinsider.com/image/4db15c6bcadcbb0f6c0d0000″
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[slide
permalink=”there-are-now-about-725-million-less-jobs-in-america-than-when-the-recession-began-back-in-2007-6″
title=”There are now about 7.25 million less jobs in America than when the recession began back in 2007″
content=”Source: Calculated Risk
image=”http://static.businessinsider.com/image/4db15d3eccd1d5c36a040000″
caption=””
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]
[slide
permalink=”only-454-of-americans-had-a-job-during-2010-7″
title=”Only 45.4% of Americans had a job during 2010″
content=”The last time the employment level was that low was in 1983.”
image=”http://static.businessinsider.com/image/4db16c8c49e2ae7f30190000″
caption=””
credit=””
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]
[slide
permalink=”only-668-of-american-men-had-a-job-last-year-the-lowest-level-ever-in-the-us-8″
title=”Only 66.8% of American men had a job last year — the lowest level ever in the U.S.”
content=”Source: USA Today
image=”http://static.businessinsider.com/image/4db16e234bd7c8a80f380000″
caption=””
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]
[slide
permalink=”the-average-ceo-made-343-times-more-money-than-the-average-american-did-last-year-9″
title=”The average CEO made 343 times more money than the average American did last year”
content=”Source: Economy In Crisis
image=”http://static.businessinsider.com/image/4cbe11b849e2ae5e300d0000″
caption=””
credit=””
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]
[slide
permalink=”gas-prices-reached-five-dollars-per-gallon-at-a-gas-station-in-washington-dc-on-april-19th-2011-could-we-see-6-gas-soon-10″
title=”Gas prices reached five dollars per gallon at a gas station in Washington, DC on April 19th, 2011 — could we see $6 gas soon?”
content=”Source: UPI
image=”http://static.businessinsider.com/image/4db1712d49e2ae3b44040000″
caption=””
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]
[slide
permalink=”over-the-past-12-months-the-average-price-of-gasoline-in-the-united-states-has-gone-up-by-about-30-11″
title=”Over the past 12 months the average price of gasoline in the United States has gone up by about 30%”
content=”Source: CNN
image=”http://static.businessinsider.com/image/4db172864bd7c81d210c0000″
caption=””
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[slide
permalink=”due-to-rising-fuel-prices-american-airlines-lost-436-million-during-the-first-quarter-of-2011-12″
title=”Due to rising fuel prices, American Airlines lost $436 million during the first quarter of 2011″
content=”Source: USA Today
image=”http://static.businessinsider.com/image/4db18e16ccd1d5b63e050000″
caption=””
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]
[slide
permalink=”us-households-are-now-receiving-more-income-from-the-us-government-than-they-are-paying-to-the-government-in-taxes-13″
title=”U.S. households are now receiving more income from the U.S. government than they are paying to the government in taxes”
content=”Source: MSN
image=”http://static.businessinsider.com/image/4db175174bd7c84e1f220000″
caption=””
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]
[slide
permalink=”approximately-one-out-of-every-four-dollars-that-the-us-government-borrows-goes-to-pay-the-interest-on-the-national-debt-14″
title=”Approximately one out of every four dollars that the U.S. government borrows goes to pay the interest on the national debt”
content=”Source: Gonzola Lira
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]
[slide
permalink=”total-home-mortgage-debt-in-the-united-states-is-now-about-5-times-larger-than-it-was-just-20-years-ago-15″
title=”Total home mortgage debt in the United States is now about 5 times larger than it was just 20 years ago”
content=”Source: Business Insider
image=”http://static.businessinsider.com/image/4db177b349e2ae1846220000″
caption=””
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[slide
permalink=”total-credit-card-debt-in-the-united-states-is-now-more-than-8-times-larger-than-it-was-just-30-years-ago-16″
title=”Total credit card debt in the United States is now more than 8 times larger than it was just 30 years ago”
content=”Source: My Budget
image=”http://static.businessinsider.com/image/4db1798ccadcbb771d0b0000″
caption=””
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]
[slide
permalink=”average-household-debt-in-the-united-states-has-now-reached-a-level-of-136-in-china-its-17-of-average-household-income-17″
title=”Average household debt in the United States has now reached a level of 136% — in China it’s 17% of average household income”
content=”Source: Forbes
image=”http://static.businessinsider.com/image/4db17b57cadcbb4123030000″
caption=””
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]
[slide
permalink=”the-average-american-now-spends-23-percent-their-income-on-food-and-gas-18″
title=”The average American now spends 23 per cent their income on food and gas”
content=”Source: Business Insider
image=”http://static.businessinsider.com/image/4db17c5b49e2aec752230000″
caption=””
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]
[slide
permalink=”74-percent-of-americans-said-they-plan-to-slow-their-spending-in-coming-months-due-to-rising-prices-19″
title=”74 per cent of Americans said they plan to slow their spending in coming months due to rising prices”
content=”Source: CNBC
image=”http://static.businessinsider.com/image/4db17d5c49e2ae965d0c0000″
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[slide
permalink=”59-percent-of-americans-receive-money-from-the-federal-government-20″
title=”59 per cent of Americans receive money from the federal government”
content=”Source: ZeroHedge
image=”http://static.businessinsider.com/image/4db1802ecadcbb4f251b0000″
caption=””
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]
[slide
permalink=”the-average-length-of-unemployment-in-the-us-is-now-a-record-39-weeks-21″
title=”The average length of unemployment in the U.S. is now a record 39 weeks”
content=”Source: CNN
image=”http://static.businessinsider.com/image/4db1816dccd1d5b8271c0000″
caption=””
credit=””
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]
[slide
permalink=”as-the-economy-continues-to-collapse-frustration-among-young-people-will-continue-to-grow-and-we-will-see-more-seemingly-random-acts-of-violence-22″
title=”As the economy continues to collapse, frustration among young people will continue to grow and we will see more seemingly “random acts of violence”.”
content=”One shocking example of this happened in the Atlanta area recently. The following is how a local Atlanta newspaper described the attack….

Roughly two dozen teens, chanting the name of a well-known Atlanta gang, brought mob rule to MARTA early Sunday morning, overwhelming nervous passengers and assaulting two Delta flight attendants.
image=”http://static.businessinsider.com/image/4db1844649e2aed163300000″
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]
[slide
permalink=”some-americans-have-become-so-desperate-for-cash-that-they-are-literally-popping-their-gold-teeth-and-selling-them-to-pawn-shops-23″
title=”Some Americans have become so desperate for cash that they are literally popping their gold teeth and selling them to pawn shops”
content=”Source: ABC News
image=”http://static.businessinsider.com/image/4db185114bd7c8f43b1d0000″
caption=””
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]
[slide
permalink=”as-the-economy-has-declined-the-american-people-have-been-gobbling-up-larger-and-larger-amounts-of-antidepressants-and-other-prescription-drugs-24″
title=”As the economy has declined, the American people have been gobbling up larger and larger amounts of antidepressants and other prescription drugs”
content=”In fact, the American people spent 60 billion dollars more on prescription drugs in 2010 than they did in 2005.”
image=”http://static.businessinsider.com/image/4db185e449e2ae186f080000″
caption=””
credit=””
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]
[slide
permalink=”even-the-latest-market-rally-could-be-ending-25″
title=”Even the latest market rally could be ending”
content=”10 More Signs The Economy Is Slowing Down >
image=”http://static.businessinsider.com/image/4da469dccadcbb7f230f0000″
caption=””
credit=””
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]
[/slideshow]