Rural Lifestyle

Life in Rural America

Tag: financial collapse

Our Shared Financial Future

Kevin Felts political commentator

There is an old saying, “no man is an island.” What affects my neighbor also affects me. If we take a look around the United States and Europe, we see one thing in common, the banks driving the nations into bankruptcy.

Whether its the United States, Cyprus, Spain,,, banks have made so many bad loans they have to be bailed out, and at the expense of the tax payer.

In the long run this spells out two things – the banks end up with property is made bad loans on and later repossessed, and then the tax payer is in debt to the banks for their bad loans.

Cyprus – We should all be concerned about bank bailouts, and we should especially be concerned about what is happening in Cyprus. Instead of taxing the organizations who can afford it, the government is going to take 10% from all savings accounts across the nation.

Saving to buy a home? Saving to put your kids through college? Well, 10% of your money just disappeared.

The USA Is Doomed

Kevin Felts, blogger and political commentator

The United States of America is being bled to death. It will not be long before the bleeding takes its toll, as to which society will have some serious issues to face. Do we stop the bleeding, or do we allow the Federal Reserve to print more money out of thin air?

In the following article I will provide three examples of how the United States is being bled to death from within. All of these examples are based off actual people, and actual events. The names are not being disclosed to protect their privacy.

Example 1

This family has been on some kind of welfare for at least 20 years, and for 2 generations.

The grandmother was on welfare for the birth of all of her children.

The children were raised with medicaid providing health insurance, and food stamps providing nutrition assistance.

When one of the children reached 18 years of age, the grandmother applied for, and received social security disability for the child. So now, the grown child will never have to work, and will receive health care for the rest of its life, and without ever having to work a single day in her life.

The United States economy will never recover

From time to time people in the news like to say “The US economy is recovering”. Well, I am here to tell you the economy of the United States will never recover.

As long as we have free trade with nations like China, the US economy will continue to free fall.

The federal reserve and the government can prop the economy up for short periods of time, but these fixes are temporary.

Article on Yahoo News – Lost Middle-Class Jobs Being Replaced by Burger-Flipping and Retail Gigs: NELP Study

For the past 2 decades we have been told the United States job market is shifting from manufacturing to service orientated jobs. Unless you are a doctor, lawyer, banker,,, someone that provides a valuable service, the service job market is going to be low wage jobs.

Could the Dark Ages happen again

With our modern society, what would it take to cause another Dark Ages?

Right before the dark ages, the Roman empire was the most developed nation this world had ever seen. China and the middle east had well developed cultures and societies. What happened in Europe for society to lose its advances? Simple stuff, like running water to the cities was lost for hundreds of years after the fall of the Roman Empire.

What could cause our modern society to collapse upon itself? What could take our space age society and cast us back into the iron age?

I think there are three events that could potentially cause mankind to go into another Dark Age period – nuclear war or some new disease (event of Biblical Proportions), total financial collapse, climate change or a lose of government.

Event of Biblical Proportions, for the sake of discussion lets include everything that can kill millions of people rather quickly. This would include outbreak of a new disease, meteor strike, nuclear change,,, something that can wipe out 1/3 of the worlds population like what happened with the Black Death in 1348 – 1350.

Our modern technology has been developed over hundreds of years. We have to have trained professionals to teach the next generation. What happens when you remove a generation? Who will teach the next generation?

How does society replace tens of thousands of works to get basic services up and running again? How do we replace the people who run the refineries that make the fuel? How do we replace the people that ran the power plants? How do we replace the people who ran the oil wells? How do we replace the people who ran the rail road?

Kevin Felts © 2008 - 2018