20
Aug
10

10 Signs The U.S. is Becoming a Third World Country

i remember thinking thoughts like this back in ’79; never thought things would get like this

then again, i did expect something like this, just didn’t think it would feel this way.

7. Disappearing middle class: During the last presidential debate season, they argued that a family income of $250K was solidly middle-class.

Well, Census data shows less than 15% of families make over $100K, and only 1.5% of families make over $250K. The income gap between the rich and poor has increased at a staggering pace, while many more middle-class folks join the ranks of the poor every day. Cavernous income gaps may be what Third-World nations are best known for.

8. Devalued currency: The value of the Federal Reserve Note (U.S. dollar) has declined 96% since the inception of the Federal Reserve in 1913.

The value of the dollar is based on its supply in circulation and, to a lesser extent, the demand for those dollars. For the last three years, the money supply has spiked literally off the charts. It can be argued that the dollar has become America’s top export as the world’s reserve currency, and if the volatile dollar is scrapped, which the U.N. and IMF now suggest, then demand will plummet, killing the currency.

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