15 Facts About The Imploding U.S.

Economy That The Mainstream Media Doesnt Want You To See - Freedom Outpost 6/19/16, 12:10 PM

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15 Facts About The Imploding U.S. Economy That The

Mainstream Media Doesnt Want You To See

MICHAEL SNYDER JUNE 18, 2016 SHARE ON: ! " # $

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You are about to see undeniable evidence that the U.S. economy has been slowing down for quite some time. A
it is vital that we focus on the facts, because all over the Internet you are going to nd lots and lots of people tha
have opinions about what is going on with the economy. And of course the mainstream media is always trying to
spin things to make Barack Obama and Hillary Clinton look good, because those that work in the mainstream
media are far more liberal than the American population as a whole. It is true that I also have my own opinions,
but as an attorney I learned that opinions are not any good unless you have facts to back them up. So please all
me a few moments to share with you evidence that clearly demonstrates that we have already entered a major
economic slowdown. The following are 15 facts about the imploding U.S. economy that the mainstream media
doesnt want you to see

1. Industrial production has now declined for nine months in a row. We have never seen this happen outside o
a recession in all of U.S. history.

2. U.S. commercial bankruptcies have risen on a year over year basis for seven months in a row and are now
up 51 percent since September.

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3. The delinquency rate on commercial and industrial loans has been rising since January 2015.

4. Total business sales in the United States have been steadily dropping since the middle of 2014. No, I did not
say 2015. Total business sales have been in decline for nearly two years now, and we just found out that they
dropped again

Total business sales in the US did in April what theyve been doing since July
2014: they dropped: -2.9% from a year ago, to $1.28 trillion (not adjusted for
seasonal differences and price changes), the Censuses Bureau reported on
Tuesday. Thats where sales had been in April 2013!

5. U.S. factory orders have been dropping for 18 months in a row.

6. The Cass Shipping Index has been falling on a year over year basis for 14 consecutive months.

7. U.S. coal production has dropped to the lowest level in 35 years.

8. Goldman Sachs has its own internal tracker of the U.S. economy, and it has fallen to the lowest level since the
last recession.

9. JPMorgans recession indicators have risen to the highest level that we have seen since the last recession

10. Federal tax receipts and state tax receipts usually both start to fall as we enter a new recession, and that is
precisely what is taking place right now.

11. The Federal Reserves Labor Market Conditions Index has been falling for ve months in a row.

12. The employment numbers that the government released for last month were the worst that we have seen
six years.

13. According to Challenger, Gray & Christmas, layo announcements at major rms are running 24 percent
higher this year than they were at this time last year.

14. Online job postings on the business networking site LinkedIn have been declining steadily since
February after 73 months in a row of growth.

15. The number of temporary workers in the United States peaked and started falling precipitously before the
recession of 2001 even started. The exact same thing happened just prior to the beginning of the 2008 recession
So would it surprise you to learn that the number of temporary workers in the United States peaked in Decemb
and has fallen dramatically since then?

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Earlier today, we learned that two of our biggest corporations will be laying o even more workers. Bank of
America, which is holding more of our money than any other bank in the country, has announced that it is going
be cutting about 8,000 more workers

Bank of America is expected to reduce staffing in its consumer banking

division by as many as 8,000 more jobs.

The nations largest retail bank by deposits has already reduced the staffing in
its consumer division from more than 100,000 in 2009 to about 68,400 as of
the end of the first quarter of 2016, said Thong Nguyen, Bank of Americas
president of retail banking and co-head of consumer banking at the Morgan
Stanley Financials Conference Tuesday.

And Wal-Mart has announced that it is going to be eliminating back-oce accounting jobs at approximately 5
locations

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Walmart is going to cut some back-office accounting jobs at about 500 stores
in a bid to become more efficient.

The job cuts will occur mostly at stores mostly in the West and involve
accounting and invoicing workers, says spokesman Kory Lundberg. Instead,
bookkeeping functions will be switched to Walmarts home office in
Bentonville, Ark. Cash at the stores will be counted by machine.

Day after day we are hearing about more layos like this. So why would this be happening if the U.S. economy
truly was in recovery mode?

Even with how manipulated the GDP numbers are these days, Barack Obama is on course to be the only
president in all of U.S. history to never have a single year when the economy grew by at least 3 percent. The tru
is that our economy has been stuck in the mud ever since the end of the last recession, and now a major new
downturn has clearly already begun.

And you want to know who else realizes this?

Foreign investors do.

Last month, foreign investors dumped U.S. debt at the fastest pace ever recorded

Foreign investors sold a record amount of U.S. Treasury bonds and

notes for the month of April, according to U.S. Treasury Department data
on Wednesday, as investors priced in a few more rate increases by the Federal
Reserve this year.

Foreigners sold $74.6 billion in U.S. Treasury debt in the month, after
purchases of $23.6 billion in March. Aprils outflow was the largest since the
U.S. Treasury Department started recording Treasury debt transactions in
January 1978.

There is no debate any longer the next economic crisis is already here. This is so abundantly obvious at this po
that even George Soros has been feverishly dumping stocks and buying gold.

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We can argue about whether the U.S. economy started turning down in late 2015, early 2015 or late 2014, and it
good to have those debates.

But at the end of the day, what is far more important is what is ahead. Fortunately, our downturn has been fairly
gradual so far, and let us hope that it stays that way for as long as possible.

In much of the rest of the world, things are already in full-blown panic mode. For instance, Venezuela was once t
wealthiest nation in South America, but now people are literally hunting cats and dogs for food.

Absent a major black swan event of some sort, we wont see that happening in the United States for at least a
while yet, but without a doubt we are steamrolling toward a major economic depression.

Unfortunately for all of us, there isnt anything that any of our politicians are going to be able to do to stop it.

Article reposted with permission from The Economic Collapse Blog

Take a look at the future of America: The Beginning of the End and then prepare

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