Poor Man Survival
Self Reliance tools for independent minded people…
A Digest of Urban Survival Resources
The American Government has become a bureaucratic tumor, no longer does it work for the people. It is sucking the lifeblood and freedom from the people it is supposed to be serving. It's only a matter of time before it self-destructs. >the Poor Man
An economist walks past a hundred dollar bill om the sidewalk and doesn't pick it up. His friends ask why. “If it were worth something, someone else would have grabbed it already.” And that kind of sums up how many people today think about Obama's efforts at helping the middle class.
If you're a political outside the two parties make it especially difficult to run-they've designed it that way on purpose. Just ask anyone from the Libertarian Party or other third party.
Ironically, polls indicate the majority of Americans do not trust either Clinton or Trump and as usual, it will boil down to choosing the lesser of the two evils but it is interesting to finally see someone outside of the political mainstream achieve what Trump did.
Some Democratic Party members, even rank and file Democrats, have grown sick and tired of the Clintons. There's even a rumor floating around that hints that she'll make Obama her running mate! If something were to happen to Hillary, Obama would become President again.
If that were to happen, our freedom would further erode, especially in the area of gun rights and it is speculated that Hillary would nationalize retirement accounts under the so-called Guaranteed Retirement Accounts [GRAs] first mentioned by Obama in a State of the Union speech.
Thanks to former President Clinton financial markets are now akin to casino only most people don't seem to get it. The game is rigged by the Fed, the banks and high-frequency traders. Clinton' elimination of the 90-year-old protective Glass-Steagall Act allowed Wall Street unrestrained gambling with virtually no government oversight which led to the crash which nearly wiped out America and which the average American is still paying for. [Why do you think Hillary got paid more than $640K from Goldman-Sachs...to keep the Act from being reinstated should she be elected to the oval office, of course]. Many economists are already predicting a repeat of our earlier crash – only worse and much of it can still be blamed on the revolving door between officials in DC and Wall Street.
The system is rigged because we have the most expensive government can buy...
The headlines look good now but if you dig deeper you'll find trouble. Unemployment has dropped partly because a huge number [something which Trump and others have pointed out] have given up looking for a job. The labor participation rate dropping to a 38-year low. Household income for the average American family, meanwhile is still $4,000 lower than when Bill Clinton left office. This has been the weakest recovery in the postwar era, said the Wall Street Journal in an editorial recently.
America has seen a wage stagnation and a decline in manufacturing plus a failure to find a new source of middle class jobs to replace it. [sources: Robert Reich's InequalityforAll.com and Bruce David's How to Survive the War on the Middle Class].
Pity the young, said Rich Miller in Bloomberg.com – A coming collapse in investment returns means 30-year-olds starting to put aside money today will have to work seven years longer or save almost twice as much to build up the same nest egg as their parents. That bleak finding indicates the golden era for investors is ending.
The Tax Foundation, a non-profit think tank released their annual report last month and it contained some sobering realities about the cost of government.
>In 2016, Americans, will pay over $3.3 trillion in federal taxes and $1.6 trillion in state and local taxes or 31 percent of the nation's income.
>Americans will collectively spend more on taxes in 2016 than they will on food, clothing, and housing combined!.
- If you're bummed about your income, join the crowd Impatience with income has led to a wavering sense of financial insecurity in the U.S. How safe do you feel?
- John Williams of shadowstats.com tracks what the official government numbers would be if honest numbers were actually being used, and according to him U.S. GDP growth has been continuously negative since 2005.
I know it's a challenge for many of us to save money today, especially if you have children. That's why I frequently write about part time income strategies [you can get my Escaping the Rat Race CD ROM for only $5 ppd. at our storefront]...further, I always urge folks to grow their own food, and to buy their own home with at least an acre or more so you can grow food and perhaps have a bit of livestock. This I feel, makes an ideal wealth preserving tool and is something you can hand down to your children.
Yours for better living,
Bruce, 'The Poor Man'
Cheapest and Easiest Ways to do a Will (Clark Howard): "What are the odds you don't have a will? The best guess is that 50% of people don't have one. If you don't have children and have very little in the way of assets, that may be OK for you. But if you do have children, you need a will for the simple fact that if you don't have one, the state will decide who raises your kids."
The $15 Retirement Plan (The Simple Dollar): "All you need is $15 a day to retire very nicely if you start when you’re young. That’s just a bit of pocket money most days. Let’s run through the math."
How to Survive the War on the Middle Class
14 of the best reports I’ve assembled on protecting your freedom…Here is the download link.
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