The The Future Not Bright - More Reasons for the Impending Economic Collapse

From an article by Michael Synder, called "35 Facts To Scare A Baby Boomer", posted on the The Economic Collapse Blog, hich is a really good source for,..well,...news, predictions and reasons that we face a economic collapse.



If you have some people you are dripping prepping to, and we all know some of those people. Peeople who are can't stand by themselves,...people on the fence on gun issues, or just don't see the need for "military style" weapons in the hands of the common citizenry,....people who have maybe three days food in their house. Anyway,........without further ado, Michael Synder's excellent article.

If you want to frighten Baby Boomers, just show them the list of statistics in this article. The United States is headed for a retirement crisis of unprecedented magnitude, and we are woefully unprepared for it. At this point, more than 10,000 Baby Boomers are reaching the age of 65 every single day, and this will continue to happen for almost the next 20 years. The number of senior citizens in America is projected to more than double during the first half of this century, and some absolutely enormous financial promises have been made to them.

So will we be able to keep those promises to the hordes of American workers that are rapidly approaching retirement? Of course not. State and local governments are facing trillions in unfunded pension liabilities. Medicare is facing a 38 trillion dollar shortfall over the next 75 years. The Social Security system is facing a 134 trillion dollar shortfall over the next 75 years. Meanwhile, nearly half of all American workers have less than $10,000 saved for retirement.

The truth is that I was being incredibly kind when I said earlier that we are "woefully unprepared" for what is coming. The biggest retirement crisis in history is rapidly approaching, and a lot of the promises that were made to the Baby Boomers are going to get broken.

The following are 35 incredibly shocking statistics that will scare just about any Baby Boomer...

1. Right now, there are somewhere around 40 million senior citizens in the United States. By 2050 that number is projected to skyrocket to 89 million.

2. According to one recent poll, 25 percent of all Americans in the 46 to 64-year-old age bracket have no retirement savings at all.

3. 26 percent of all Americans in the 46 to 64-year-old age bracket have no personal savings whatsoever.

4. One survey that covered all American workers found that 46 percent of them have less than $10,000 saved for retirement.

5. According to a survey conducted by the Employee Benefit Research Institute, "60 percent of American workers said the total value of their savings and investments is less than $25,000".

6. A Pew Research survey found that half of all Baby Boomers say that their household financial situations have deteriorated over the past year.

7. 67 percent of all American workers believe that they "are a little or a lot behind schedule on saving for retirement".

8. Today, one out of every six elderly Americans lives below the federal poverty line.

9. More elderly Americans than ever are finding that they must continue working once they reach their retirement years. Between 1985 and 2010, the percentage of Americans in the 65 to 69-year-old age bracket that were still working increased from 18 percent to 32 percent.

10. Back in 1991, half of all American workers planned to retire before they reached the age of 65. Today, that number has declined to 23 percent.

11. According to one recent survey, 70 percent of all American workers expect to continue working once they are "retired".

12. According to a poll conducted by AARP, 40 percent of all Baby Boomers plan to work "until they drop".

13. A poll conducted by CESI Debt Solutions found that 56 percent of American retirees still had outstanding debts when they retired.

14. Elderly Americans tend to carry much higher balances on their credit cards than younger Americans do. The following is from a recent CNBC article...

New research from the AARP also shows that those ages 50 and over are carrying higher balances on their credit cards -- $8,278 in 2012 compared to $6,258 for the under-50 population.

15. A study by a law professor at the University of Michigan found that Americans that are 55 years of age or older now account for 20 percent of all bankruptcies in the United States. Back in 2001, they only accounted for 12 percent of all bankruptcies.

16. Between 1991 and 2007 the number of Americans between the ages of 65 and 74 that filed for bankruptcy rose by a staggering 178 percent.

17. What is causing most of these bankruptcies among the elderly? The number one cause is medical bills. According to a report published in The American Journal of Medicine, medical bills are a major factor in more than 60 percent of the personal bankruptcies in the United States. Of those bankruptcies that were caused by medical bills, approximately 75 percent of them involved individuals that actually did have health insurance.

18. In 1945, there were 42 workers for every retiree receiving Social Security benefits. Today, that number has fallen to 2.5 workers, and if you eliminate all government workers, that leaves only 1.6 private sector workers for every retiree receiving Social Security benefits.

19. Millions of elderly Americans these days are finding it very difficult to survive on just a Social Security check. The truth is that most Social Security checks simply are not that large. The following comes directly from the Social Security Administration website...

The average monthly Social Security benefit for a retired worker was about $1,230 at the beginning of 2012. This amount changes monthly based upon the total amount of all benefits paid and the total number of people receiving benefits.

Could you live on about 300 dollars a week?

20. Social Security benefits are not going to stretch as far in future years. The following is from an article on the AARP website...

Social Security benefits won't go as far, either. In 2002, benefits replaced 39 percent of the average retirees salary, and that will decline to 28 percent in 2030, when the youngest boomers reach full retirement age, according to the Center for Retirement Research at Boston College.

21. In the United States today, more than 61 million Americans receive some form of Social Security benefits. By 2035, that number is projected to soar to a whopping 91 million.

22. Overall, the Social Security system is facing a 134 trillion dollar shortfall over the next 75 years.

23. As I wrote about in a previous article, the number of Americans on Medicare is expected to grow from 50.7 million in 2012 to 73.2 million in 2025.

24. Medicare is facing unfunded liabilities of more than 38 trillion dollars over the next 75 years. That comes to approximately $328,404 for each and every household in the United States.

25. Today, only 10 percent of private companies in the U.S. provide guaranteed lifelong pensions for their employees.

26. Verizon's pension plan is underfunded by 3.4 billion dollars.

27. In California, the Orange County Employees Retirement System is estimated to have a 10 billion dollar unfunded pension liability.

28. The state of Illinois has accumulated unfunded pension liabilities of more than 77 billion dollars.

29. Pension consultant Girard Miller told California's Little Hoover Commission that state and local government bodies in the state of California have 325 billion dollars in combined unfunded pension liabilities.

30. According to Northwestern University Professor John Rauh, the latest estimate of the total amount of unfunded pension and healthcare obligations for retirees that state and local governments across the United States have accumulated is 4.4 trillion dollars.

31. In 2010, 28 percent of all American workers with a 401(k) had taken money out of it at some point.

32. Back in 2004, American workers were taking about 30 billion dollars in early withdrawals out of their 401(k) accounts every single year. Right now, American workers are pulling about 70 billion dollars in early withdrawals out of their 401(k) accounts every single year.

33. Today, 49 percent of all American workers are not covered by an employment-based pension plan at all.

34. According to a recent survey conducted by Americans for Secure Retirement, 88 percent of all Americans are worried about "maintaining a comfortable standard of living in retirement".

35. A study conducted by Boston College's Center for Retirement Research found that American workers are $6.6 trillion short of what they need to retire comfortably.

So what is the solution? Well, one influential organization of business executives says that the solution is to make Americans wait longer for retirement. The following is from a recent CBS News article...

An influential group of business CEOs is pushing a plan to gradually increase the full retirement age to 70 for both Social Security and Medicare and to partially privatize the health insurance program for older Americans.

The Business Roundtable's plan would protect those 55 and older from cuts but younger workers would face significant changes. The plan unveiled Wednesday would result in smaller annual benefit increases for all Social Security recipients. Initial benefits for wealthy retirees would also be smaller.

But considering the fact that there aren't nearly enough jobs for all Americans already, perhaps that is not such a great idea. If we expect Americans to work longer, then we are going to need our economy to start producing a lot more good jobs than it is producing right now.

Of course the status quo is not going to work either. There is no way that we are going to be able to meet the financial obligations that are coming due.

The federal government, our state governments and our local governments are already drowning in debt and we are already spending far more money than we bring in each year. How in the world are we going to make ends meet as our obligations to retirees absolutely skyrocket in the years ahead?

What is going on in Detroit right now is a perfect example of what will soon be happening all over the nation. Many city workers stuck with their jobs for decades because of the promise of a nice pension at the end of the rainbow. But now those promises are going up in smoke. There has even been talk that retirees will only end up getting about 10 cents for every dollar that they were promised.

78 Survival Skills Everyone Should Know

This is an article written by Jeremy Knauff on "How to Survive It.com"

While I applaude his workmanlike efforts to build a survival skills task list, this list is not complete as Jeremy admits. I don't think one person could build a complete list,...at least not in a short period of time. I decidely to post Jeremy's list and add my own, in italics, as his tasks generated thoughts of my own. Undoubtably the readers of this will have many more.

Jeremy's aticle:

Survival is based largely on two things: a positive mental attitude and knowledge. With those two covered, you can make up for any lack of tools. Knowledge doesn’t break, wear out, and short of forgetting a thing or two, you generally can’t lose it.

Below, I’ve compiled a list of skills I think everyone should know. This is by no means a “complete” list because there is always room to learn more, and the more you know, the greater your chances of survival. But this will give you a solid foundation and a far broader skill set than most people. Everyone should know how to:

Drive a stick shift. Jump start a car; siphon or procure fuel from a disabled/abandoned vehicle.
Swim. Make an improvised flotation device.
Start a fire without matches or a lighter. Use flint and steel, a magnesium fire starter, a magnifying glass and the bow method to build a fire.
Build a garden
Use herbal remedies
Produce beer/wine
Build your local community. Develop an early warning system(s) and communications methods within your neighborhood.
Tan leather
Cure/smoke meat
Make soap
Construct animal/fish traps. Construct and emplace booby traps and early warning devices.
Make activated charcoal
Survive hypothermia. Recognize and treat Hot and Cold weather injuries.
Properly load a backpack
Conduct basic repairs (home, auto, equipment, etc.)
Operate a ham radio. Develop and use a radio brevity code system.
Defend yourself without a weapon
Identify surveillance
Build a rainwater collection system
Weld
Accurately fire an arrow
Dehydrate food.
Construct snowshoes
Build a raft with a tarp
Navigate using the stars. Navigate with a compass (dead reckoning); read a map (terrain features and marginal information; perform intersection and resection using a compass and a map.
Right an overturned raft Build with stone/brick (basic masonry)
Cut down a tree with an ax
Forage for food. Identify edible (and poisonous plants).
Sew and/or make clothing
Pilot a boat
Shoot a firearm accurately. Be able to disassmble, clean, assemble and perform a functions check on firearms. Be able to perform remedial actions on stoppages.
Find water
Utilize camouflage. Build a single fighting position. Build mutually supporting fighting positions. Build a camouflaged and concealed observation/listening post.
Construct a pond
Can food
Ski
Dig a latrine
Build with wood (basic carpentry)
Determine authenticity of gold and silver
Rappel
Follow a trail/tracking. Sterilize your trail - employ counter-tracking measures.
Use less-lethal weapons (baton, stun gun, pepper spray, etc.)
Metal working (blacksmith)
Lose a tail
Operate power tools
Construct a splint. Build a field expedient litter.
Open a can without a can opener
Drive a motorcycle
Construct a net
Identify animals by tracks and/or scat
Patch a tire. Fix a flat by plugging a tire.
Reload ammunition
Build a bow and arrow
Administer first aid. Perform CPR; Treat for a gunshot wound; emplace a torniquet; treat a sucking chest wound;
Identify venomous snakes. Treat for poisonous snake bite.
Accurately fire a slingshot
Make candles
Raise fish (for food)
Distill water/alcohol
Hot wire a car
Cook without a stove. Build a solar oven.
Survive heat injuries
Raise livestock
Find tinder
Create fertile soil. Develop a compost system.
Make charcloth
Properly store food
Survive a riot
Sharpen a knife
Butcher livestock. Field dress and butcher wild game.
Purify water
Make leather products (sheathes, holsters, boots, etc.)
Hunt and fish
Cast bullets
Maintain a bee hive
Use hand tools
Tie a knot. Be able to tie these knots: square knot, bowline and clove hitch


On his site, Jeremy advertises: "Are there any skills you think should be on this list? Let me know (in the comments box below)." Go to the link and give him some suggestions.

Is FEMA Stocking up on Survival Food?

From an article by Shepard Abellas on Intellihub.com titled, "Survival Food Company Urgently Contacted By FEMA – Is a War Or Disaster Looming?"

Not that I'm buying into this right now,...it could be as simple as spending end of the year funds. The way the government agencies work is that they budget funding before the fiscal year and through the next fiscal year they may not need nor purchase what they budgeted for, leaving excess money. And another thing about government agencies,...they do not turn back money as the next year they'll get less. Kinda counter productive wouldn't you say?

Anyway, I'll let the readers decide for themselves about any spending by FEMA, wasteful or nefarious as it may be.

The Article:

Recently my friend who owns a preparedness and survival food company was contacted by FEMA and the questions might scare you. My friend Matt, the owner of MyPatriotSupply.com was contacted by the Federal Emergency Management Agency (FEMA) by way of email, leading on that something is ready to pop off.

Matt being the patriot he is immediately contacted me with this disturbing news. He even provided screenshots of the actual email sent by a FEMA representative. The names and revealing information have been blurred out.

Matt of MyPatriotSupply.com wrote, “here we are, August 2013 and FEMA once again is trying to buy up large stockpiles of food. And they don’t want anyone to know it, and they want to take immediately delivery… I’ve studied history. That is what got me into preparedness in the first place. History has shown us time after time that those who depend on the government to come to their aid during a disaster are the ones waiting the longest for help. Sometimes help never comes…or comes too late.

I do not believe these critical emergency food supplies should be in the hands of the government, stored in some secret warehouse only to be brought out and distributed to their own agencies first, with the rest of us getting table scraps long after we need it.

These life-saving meals belong in the hands of people like you and me. This is why I declined the opportunity to sell to the Department of Homeland Security.

But let’s not forget the most important part of this: Why the sudden sense of urgency? What do they know that we do not?

I’m not one to cry that the sky is always falling, but when DHS/FEMA make a move to quietly buy up emergency food supplies and ask how much we can ship within 24 hours…I think this is far enough outside the realm of what is “normal” to beg some questions.

Fortunately I’ve been in this business long enough to predict what happens next. One or more of the other “survival companies” out there will inevitably see a chance to make a quick buck from Uncle Sam (which is really paid for by us, the taxpayer). This could create a run on many of the core raw ingredients used by emergency food makers that will cause a ripple effect throughout the industry as supply chains become bottle-necked handling the FEMA/DHS request.”

This is extremely disturbing to know.

What is the government gearing up for? A major disaster or war they know is coming?

I myself don’t want to be left in the dark.

Matt’s Preparedness Website here:

More on Community Organization for the Collapse

Anonymous left a new comment on your post Green Beret versus Doomsday Prepper: "I don't really disagree with this story. But I don't agree that 400 neighbors is necessarily better then going it alone. I can assure you some of those 400 neighbors don't like you and some want what you have. If you think politics and human greed will suspend itself until the crisis ends you are wrong. The difference will be that you will have enemies within AND outside. You will not know who is your friend. Those people who openly dislike you are probably harmless while those who dislike you but put on a fake front will probably do you harm. The lady down the street with three kids and a husband thrives on drama and enjoys turning one person against another. That middle aged quiet guy is infatuated with your wife and thinks if he could eliminate you he would have a chance with her. That sullen guy that never talks much is still pissed at you for parking in the street a year ago in a spot he thinks is for him alone. Some of these people will do you harm directly or indirectly and you probably won't see it coming. "

UrbanMan's reply:" I do not disagree with you. Most of us that have ever been involved with some sort of Mil or LE team would rather have a small team of trained and trusted individuals as opposed to having dozens of individuals with suspect motives and character.

Let's say you decide to Bug In. If you make no effort to develop your neighbors into at least a loosely based group for mutual support, then you face, potentially, a much larger close threat. Again, I agree with your supposition that you would have neighbors who dislike you, even hate you and want what you have be it supplies, weapons,...or as you put it "your wife". (side note: he would have no idea what he would be getting into!).

I think there will be several categories of people in your possible Survivor Group:

1. People who would gladly welcome leadership and assistance in the confusing chaos of the collapse. These people may initially be the least useful, but you would need the manpower to do everything from main observation posts and checkpoints; construct necessary things; garden and grow crops; procure and/or filter water; procure (scrounge) necessary items.

2. People who will worthless. Not able to do anything, but expect someone to take care of them because we have bred that into our population the last 50 years. You may be able to make some of the types marginally useful, but the trick is to not let them such up resources at a ratio that far exceeds their contribution.

3. There will be people who disagree with most or everything you would be trying to do such as establish OP/LPS, checkpoints, develop teams to garden, procure, etc. They may be disagreeing out of fear, or out of some character flaw like wanting status and power. There will be people who are jealous of you and your "stuff". There will be people who may exploit the situation to bully or harass or even sexually assault women. You would have to deal with these people in order to develop the bigger team. Use your "spidy sense" in detecting these people if their overt actions and words don't expose them first. Hunkering down by your lonesome, in my mind is not an option.

Let's just say, worst case scenario, you don't do any team building, ......don't interface with your neighbors,.......or anything. Then the collapse starts. Let's say it's an oil boycott, followed quickly by a stock market collapse and within days food deliveries to groceries and stores are drying up and the local government basically collapses as hyper inflation hits. Going to your nearest neighbors, the ones you think are approach-able and asking how they are doing and make some suggestions on security, protection, water storage, food stocks could only build rapport and enhance your standing with them. At a minimum they could become eyes and ears for you enhancing your security.

I have a bunch of FRS radios that I can give out to my neighbors, albeit at the right time, so we can communicate. I can replace their batteries periodically with my solar powered re-chargeable systems. If a neighbor makes comms with me saying he has some suspicious people lurking about, my choices are to address the potential or actual threat now or to wait until they try and loot my house. Me and mine? We're being pro-active.

Who knows maybe your neighbors have some skills that will augment your survival plan. Maybe the old lady down the street grows tomatoes and cans them. Maybe there is a young couple across the street wit hthe husband being a welder and his wife a practical nurse.

It is much better knowing all this before the collapse. It would makes organization much easier knowing your neighbors, having rapport, building respect between you and them now as opposed to when the collapse and therefore panic hits.

You are absolutely right about be wary of the shitheads, but you'll have to deal with them in order to build that community survival group for the benefit of all. Afterall, you can always Bug Out if need be.