WORLD FUTURE FUND
STATE OF AMERICA 2020
ECONOMIC AND SOCIAL FACTS
THE HAPPY TALK OF THE MONEY LORDS
AND THE POLITICIANS THEY FINANCE
CANNOT HIDE THE REALITY OF AMERICA'S ECONOMIC CRISIS.
ALMOST 10 TRILLION DOLLARS IN NET DEBT
THE WORLD'S LARGEST DEBTOR
(NET FIGURE AFTER SUBTRACTING ALL OF
In a sick society problems are solved by debt. Now debt itself is not an evil, debt used for investment is very important, a necessary tool for progress. However in sick societies, debt is used to pay for consumption. It's used to pay for things for which the money has not been produced. Is this a long-term solution? No, it is not.
KEY WORLD FUTURE FUND CHARTS AND REPORTS
Wall Street House of Cards
Collapse of America's International Investment Position
Taxes and Deficit (World Future Fund)
We're in a private debt crisis that could lead to the next economic collapse: Richard Vague (Yahoo Finance, 3-28-14)
This Surprising Chart Shows Which Countries Own the Most U.S. Debt (Washington Post, 10-10-13)
Even Without Sequestration, Non-Defense Spending Still Headed Toward Historic Low (Center on Budget Policy and Priorities, 10-8-15)
As Roads Crumble, Infrastructure Spending Hits a 30-Year Low (Yahoo, 2-25-16)
Today, the American middle and lower classes are in the their worst crisis since the Great Depression. Wages are back to where they were in the 1960's. Debts have soared.
America and Poverty A Sorry Record (WFF Chart)
The Real Economy: Some Charts (WFF Chart)
The decline in U.S. life expectancy is unlike anything we've seen in a century (Popular Science, 11-29-18) (CDC Report PDF)
THE DESTRUCTION OF THE MIDDLE CLASS
Not only do half of all Americans not have enough for an emergency, but among those with retirement savings, less than 40 percent think they actually have enough, and 25 percent have nothing saved at all.
More Evidence That Half of America Is In Or Near Poverty (Truth Out, 3-24-14) There are more Americans living in poverty than what the official numbers indicate. The official poverty threshold reflects living standards that prevailed in the mid-1950's. It needs to be adjusted for the current day standard of living. Food costs have doubled since the 1980's, housing has tripled, medical costs are six times higher and college tuition is eleven times higher. Not to mention that half of Americans own NOTHING. 47% of Americans on the bottom own 1.1% of America's net wealth. What all this means is that HALF of Americans are in poverty!
One in Four Households Have No Net Worth (Economy in Crisis, 3-30-11)
Almost a Third of Americans Under 35 Are Living With Their Parents: (FedUpUSA) According to a stunning Gallup Survey, nearly 3 out of 10 young adults are living at home with their parents. This is due to unrealistic housing costs as well as a weak job market.
Poverty and Society by Daniel Devine. (Paperback) Excellent book on government social programs around the world. Shows history of programs. This book knocks down the delusions that U.S. government is "too big". (In reality it's the smallest in the developed world as a share of GNP).
Nearly 40 percent of mothers are now the family breadwinners, report says (Washington Post, 5-29-13)
The Globalization of Hypocrisy (Common Dreams, 5-20-13)
Debtpocalypse and the hollowing out of America (Jeralee, 12-7-12)
The New Slavery Is Bigger Than The Old Slavery: More Black Men Are in Prison
or on Probation Today Than Were Enslaved In 1850 (Huffington Post, 10-12-11)
Former President Clinton's Welfare Reforms of the 1990's Made America's Poorest Families Even More Poor (Center for Budget and Priorities, Off The Charts, 5-25-11)
FOOD STAMPS ON THE RISE
Why Half a Million People Will Lose Their Food Stamps This Year (Center on Budget Policy and Priority, 1-21-16)
Food Stamp Beneficiaries Exceed 45 Million for 49 Straight Months (Before It's News, 8-12-15) USDA Data (PDF)
Half of Food Stamp Recipients are Children (CNN Money, 11-26-13) Food stamps are currently feeding 47 million people. Enrollment in the program has surged since the recession, 15% of the population is on the program. Children account for 45% of food stamps. The White House also highlighted in a 2011 survey that most of food stamps go to the elderly, children and people with disabilities.
AMERICA'S DECLINING WAGES
Minimum wage would be $21.72 if it kept pace with increase in productivity (Huffington Post, 2-13-13)
The Middle Class Myth: Here's Why Wages are Really So Low Today (Salon, 12-30-13)
What the Recovery is Leaving Behind: The Long-Term Unemployed and Living Wage Jobs (The Shriver Brief, 10-29-13)
The Collapse of the Hourly Wage (Counter Punch, 6-10-13)
Elizabeth Warren: Minimum Wage Would Be $22 An Hour If It Had Kept Up With Productivity (Huffington Post, 3-18-13)
Fixing Public Housing: A Day Inside a $32 Billion Problem (New York Times, 7-26-18)
Growth of the World's Slums (World Future Fund Chart)
26 ultra-rich people own as much as the world's 3.8 billion poorest (Big Think, 1-22-19) Report PDF
There are 85 People Who Are As Wealthy As Half the world. (Huffington Post, 1-21-14)
Crisis Squeezes Income and Puts Pressure on Inequality and Poverty (OECD Report, 2013)
Poverty Facts and Stats (Global Issues)
America and Poverty A Sorry Record (World Future Fund Chart)
The staggering cost of day care when you make only the minimum wage (Washington Post, 10-6-15)
45% of Americans pay no federal income tax (Yahoo, 2-24-16)
Study: Poor Children are Now the Majority in American Public Schools in South, West (Washington Post, 10-16-13)
UNICEF Report On Child Well-being Shows U.S. Near Bottom Of List (International Business Times, 4-11-13)
Read the Report Here: "Child Well Being in Rich Countries: A Comparative Overview" (PDF)
Overworked America: 12 Charts That Will Make Your Blood Boil (Motherjones, 7-6-11)
Record Low Number of Adults in Workforce (MSN Money, 2-10-14)
America Needs a Better Measure of Unemployment (Against Crony Capitalism, 3-24-14) If we measured unemployment today in the same way that we did during the Great Depression of the 1930's, today's unemployment would be worse than any single year of the Great Depression. Even with the Fed saying that unemployment rates are at "6.5%," much of the numbers are very doctored. The official numbers do not take into account the people who have dropped out of the job market completely and given up looking for work.
Public Pension Funds Roll Back Return Targets (The Wall Street Journal, 9-4-15)
PREDICTIONS OF COMING ECONOMIC COLLAPSE IN AMERICA
The "official" unemployment numbers do not reflect the real situation in America. The reality is that there are less jobs now for Americans than when this century first began. A key factor in unemployment is the off-shoring of millions of jobs that will not be coming back. There is also the replacement of workers with technology. Yet there are predictions that America has not seen the worst of its economic crisis. There are predictions that this whole situation is about to get even worse.
Ten Reasons Why There Will Be Another Systemic Financial Crisis (Forbes, 12-8-14)
Terror Attack on U.S. Power Grid? “For the Record” (Secure the Grid, 3-26-15)
The Great Unraveling (Truth Dig, 8-30-15)
The Real Enemy Is Within (Truth Dig, 9-6-15)
MASS INCARCERATION: THE NEW SLAVERY
The Sentencing Project
The New Slavery Is Bigger Than The Old Slavery: More Black Men Are in Prison or on Probation Today Than Were Enslaved In 1850 (Huffington Post, 10-12-11) Black men are over represented in prison for drug based crimes, even though whites use and deal drugs at similar rates. Imprisonment may be the new way to disenfranchise Black men.
The New Jim Crow: Drug Policy as Race Policy (The New York Times, 3-6-12)
Read The New Jim Crow on Amazon
There Are 10 Times More Mentally Ill People Behind Bars Than in State Hospitals (Mother Jones, 4-8-14)
A majority of Modern states in the world use Single Payer Health Insurance - except for America. This is a social program that even Imperial Germany had, 100 years ago. It is a system with one payer - the government. In the United States of America, many of the great institutions that we take for granted are kept afloat by government funding: education, police force, firefighters, military, etc. Yet one of the most important institutions of American society, our physicians and health providers, do not receive this same treatment. Instead we have a rube goldberg machine of a system with an interconnected mess of competing health insurance companies and government bureaucracies. There are currently around 30 million Americans who do not receive health care, even after the implementation of Obama's Affordable Care Act (Obamacare).30 MILLION AMERICANS STILL UNINSURED AFTER PASSAGE OF AFFORDABLE CARE ACT
Thirty Million Uninsured (Factcheck.org)
Income, Poverty and Health Insurance Coverage in the United States: 2014 (United States Census Bureau, 9-16-15)
Census Bureau - 33 million uninsured is good news? (PNHP, 9-16-15)
33 Million Americans Still Don’t Have Health Insurance (Five Thirty Eight, 9-28-15)
32 Year old Florida Woman Dies on Stranger's Doorstep From Lack of Health Care (Daily KOS, 4-9-14)
Left Behind: Stories From Obamacare's 31 Million Uninsured (Washington Post, 9-8-13)
20,000 - 45,000 Americans die from a lack of health care coverage per year (New York Times, 9-17-09)
Single Payer Health Insurance Plan, The Only Effective Option For Keeping America Healthy (World Future Fund Report)
Single-Payer Is Worth Fighting For (US News, 1-21-16)
Beyond the Spin, Some Facts About the Affordable Care Act (Aljazeera, 10-14-13)
THE AFFORDABLE CAR ACT
Obamacare Could Force 80 Million Off Employer-Provided Plans (Free Beacon, 11-26-13)
Sorry Liberals, Obamacare's Problems Go Much Deeper Than the Website (Washington Post, 10-25-13)
Why Obama's Public Option Is Defective, and Why We Need Single-Payer (Physicians For a National Health Program, 7-22-09)
The Problem of Underinsurance and How Rising Deductibles Will Make It Worse (Common Wealth Fund, 5-20-15)
AMERICA'S PRESCRIPTION DRUG ADDICTION
Study: Pharmaceuticals Kill More Teens Than Illegal Substances In The US (Reset.me, 3-26-15)
7 Drugs Whose Dangerous Risks Emerged Only After Big Pharma Made Its Money (Alternet, 1-2-14)
Prescription Drugs Now Kill More People in the US than Heroine and Cocaine Combined (Business Insider, 9-26-12)
THE FORCED DRUGGING OF CHILDREN
Forced Drugging and Special Services: (Psych Rights PDF)
Forced Drugging of Children in Foster Care: (Pysch Rights PDF)
The Business of ADHD (PBS)
HUNDREDS OF UNREGULATED CHEMICALS IN AMERICAN BLOOD
Failure of U.S. Chemical Testing: Poison in The Blood(World Future Fund)
EPA and EU Sites Concerning Chemicals and Human Health (World Future Fund)
Chemicals and Health Organizations (World Future Fund)
From fertiliser to Zyklon B: 100 years of the scientific discovery that brought life and death (The Guardian, 11-2-13)
America is the world's leader in incarceration with around 2.2 million people currently in prison or jail. This marks a 500% increase in the incarcerated population since the war on drugs began in the 1980's. Drug offenders even make up a majority of the Federal Prison population. Yet most evidence shows that the war on drugs has been an abysmal failure. The proportion of people consuming illicit drugs in America has not changed significantly since the war on drugs began. America has spent trillions on this drug war with few results. The Drug War has also wrecked havoc in South America, it has killed thousands while bringing several violent drug cartels to power.
Drug abuse is a disease much like alcohol abuse and should be treated with rehabilitation and therapy; A prison sentence is not an effective treatment.
A Timeline of America's Drug War (Frontline)
The US War on Drugs and its Legacy in Latin America (The Guardian, 2-3-14)
The New Jim Crow: Drug Policy as Race Policy (The New York Times, 3-6-12)
Have We Lost the War on Drugs? (The Wall Street Journal, 1-4-13)
EDUCATION AND THE BUBBLE OF STUDENT DEBT
Education Spending, An Area Where America Spends More and Gets Less (World Future Fund Report)
The US Student Loan Debt Bubble, A Threat To America's Future (World Future Fund Report)
The Real Reason College Tuition Costs So Much (International New York Times, 4-4-15)
College Grads on Food Stamps on the Rise (Alternet, 2-15-13)
America's growing education gap (Aljazeera, 2-22-13)
AMERICAN IGNORANCE OF FOREIGN AFFAIRS
people are appallingly ignorant of international affairs. (Salon Web Site, 9-27-01
THE SUPER RICH GET GIANT GOVERNMENT BAILOUTS.
The wage gap that exists in America today is unprecedented in history. Six Walmart heirs currently own more wealth than the bottom 30% of America's population. The Federal Reserve is pumping $85 billion worth of new money into the economy each month, yet where is this money going? Job growth is anemic and wages (adjusted for inflation) are back to where they were in the 1960's. The Federal Reserve has handed out $2 trillion in loans, but Bernanke won't say where the money is going. Is this money really being spent to help America, or America's wealthiest citizens? While America's wealthiest citizens get a bail out, American debt and trade deficits continue to escalate.
THE FEDERAL RESERVE
The Federal Reserve’s Nuclear Option: A One-Way Street to Oblivion (2-5-14)
Senator Sanders asks Bernanke "Where is The Money?" (YouTube)
THE BAILOUTS FOR AMERICA'S BIG BANKS ALONG WITH GROWING INCOME INEQUALITY
The $12 Trillion Dollar Bailout (World Future Fund Report)
Wealthiest Americans Take Home Biggest Share of Income Ever Recorded (Alternet, 9-11-13)
Too-Big-To-Fail Banks Have Raked In $102 Billion In Subsidies Since 2009: Report (Huffington Post, 5-10-13)