Friday, September 16, 2011

U.S. Poverty Hits Record Levels

According to the U.S. Census Bureau, a record number of Americans, 46.2 million, are living in poverty.

This article shows a chart of the states and their poverty level.

The U.S. (and most debt-ridden countries) created fake economies and fake wealth over the past several decades by borrowing, spending and going into debt.  Most of this debt is a result of socialist programs, such as "Housing, the most manipulated market in the world", Social Security, Medicare, Medicaid, etc.

As the borrowing, spending and debts slow down or hit a limit, the economies and wealth stop growing or shrink.

This is what is happening.  This is contributing to the rising levels of poverty.  The economy is coming back down towards a level that is actually more real and where we spend what we earn and deserve.

However, we haven't reached that level yet because the economies and standard of living for most countries are still fake and supported by debts.  Most Western countries still have huge levels of debt.  If they have to pay back any of their debts, they will become poorer and poverty will continue to rise.

The only way to stop this is to continue doing what we've done for decades.  Steal more money from children to fund today's economy.

What most people around the world do not realize is that most "rich" countries are not rich.  They are actually poor and bankrupt if they had to repay their debts.


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