Bank finance articles and tips

The economic crisis of the U.S. and certain parts of the world - namely Europe - has matured from a preschooler to now entering it's teen years. With 12 years of the economic crisis behind us and more potential ahead, there is less need for predicting the effect, instead focusing on assessing the harm already done.

Numbers such as unemployment rates, poverty rates, joblessness in different segments of the society, the 48 million people receiving government slavery payments in the form of food or welfare checks, as well as home foreclosures spell out clearly the message.

An Economic Crisis Converts into Ruined Lives
Unemployment numbers have been massaged by the U.S. government to level of absurdity. Shadowstats offers more reasonable and fact based assessment of the ever growing jobless population that points to levels over 20%. In a working population around 100 million, that translates to over 20 million men and women facing desperation daily. Their personal self worth is being shattered by the economic crisis. While there is always work to be done, often the compensation does not return enough for them to afford self-sufficiency. Some people are simply not adjusting to the new reality.

$100k jobs are not available for their professional degree, but perhaps $60k ones are. Or even $36K, but their ego is not willing to take such a large step backwards. Beyond the shift in lifestyle, the shift in expectations for achievement and taking care of a family have dramatically fallen with the stock market, and the Gross Domestic Product (GDP) expectations. GDP has shifted downward from 3.5% or 4% growth levels without inflation goosing the numbers, to inflation hyped -1% or 0 percent returns. This means real decreases in GDP.

With consistent population growth and colleges still sending new workers into an unreceptive market, the unemployment rate has staked out higher cliffs ahead. A 30% level of unemployment would super-cede the Great Depression levels of 25%. At those levels, suicide rates, divorces, homelessness, addictions, and desperation economics of prostitution, drugs, stealing, and temporary work, along with succumbing to the governments make work programs sure to come, will sink even more of the formerly employed.

The Economic Crisis has Crushed Cities and the Inhabitants
Formerly strong industrial towns, such as Detroit have become the butt of jokes, as deer now roam neighborhoods being abandoned and weeded over. Whole cities going bankrupt, such as Jefferson County Alabama where formerly bustling Birmingham collapses. With each city folding, lights go out, services decline, and industries that can - move. Then the employment and tax base recedes further.

As socialists bleeding the productive class, the local governments squeeze the remaining populace harder for taxes and more strict regulations. California has turned this idiocy into a high art. So much industry leaves California, that Idaho, Montana, and Nevada promote their friendlier turf in California magazines to lure the fed-up from Collapsifornia to the more free states.

Lost in all of this reshuffling is that the economic crisis is a U.S. wide dark cloud. While there are brighter and darker spots in the economic landscape - such as Manhattan real estate - the whole country is under employed. Over regulation is as much to blame as the currency collapse.

We are becoming a nation of unemployed, disheartened, and economically enslaved because of our government.

Fortunately there is a way out of this for anyone willing to adjust their behavior. My next article will show a path out of the economic crisis before it becomes a personal crisis for each of us.

As a former commodities broker and financial adviser, my mission is to guide those who want to preserve and grow their hard earned wealth despite the coming financial system and currency collapse. My site http://www.financialsurvivalcenter.com has tips, techniques and strategies for alternative investing that have been successful and profitable for the past decade. Get a free guide to the 10 Steps to Complete Financial Security by signing up for my free newsletter at http://www.financialsurvivalcenter.com

By Mark Solomon