50% Of Americans Make Less Than $28,031/Yr.

The Social Security Administration has just released wage statistics for 2013, and the numbers are startling.  Last year, 50 percent of all American workers made less than $28,031, and 39 percent of all American workers made less than $20,000.  If you worked a full-time job at $10 an hour all year long with two weeks off, you would make $20,000.  So the fact that 39 percent of all workers made less than that amount is rather telling.  This is more evidence of the declining quality of the jobs in this country…

http://theeconomiccollapseblog.com/archives/50-percent-of-american-workers-make-less-than-28031-dollars-a-year

Recovery?  Are you sure?

Closures include 46 Kmart, 30 Sears and 31 Sears Auto Center locations.
5,457 workers will lose their jobs.
Pennsylvania, Michigan and Indiana are hardest hit.

Sears Holdings Corp. (NASDAQ: SHLD) is laying off at least 5,457 workers and closing over 100 Kmart, Sears and Sears Auto Center locations, many before Christmas…

How much longer can they keep up the losses? Amazon has never made a dime, but they have burnt through billions of $$$….

Amazon is running out of excuses for losses

Amazon.com Inc. reports quarter three earnings today and analysts are expecting a loss of $0.75 per share according to FactSet. That’s a significant jump from their loss of $0.09 per share for the same period last year. Amazon follows a “profitless prosperity” model so losses aren’t unexpected, and typically Wall Street shrugs them off. This year, however, Amazon (AMZN) has seen more than a 20% drop in value on the NASDAQ.

Wall Street is becoming restless– is it time for Amazon.com CEO Jeff Bezos to start focusing on the bottom line?

Yahoo Finance’s Henry Blodget believes that investors are clearly becoming frustrated. “I think what really spooked people was the big loss that they forecasted this quarter. It was startling even to me,” says Blodget who has been a long time Amazon shareholder…

http://investmentwatchblog.com/sears-laying-off-5457-closing-over-100-outlets-46-kmarts-61-sears-many-before-x-mas-amazon-is-running-out-of-excuses-for-losses/

James Corbett On The Fed

Canada’s False Flag Event

Related:

Uncanny timing. Just as the book on Ebola is closed, suddenly, a new chapter on ISIS is open. Have intelligence agencies finally dragged Canada into the ‘War on Terror’?

This morning, the Canadian Parliament building located in the capitol of Ottawa, was reported to have been besieged by a Canadian citizen – a ‘lone wolf gunman’ named Michael Zehaf-Bibeau (pictured below).  

According to FOX News, this is a shooter “with possible connections to ISIS” (Islamic State terrorist organization). Really?…

http://www.fromthetrenchesworldreport.com/canada-shooter-media-hoax-fox-news-says-its-terrorism-its-isis/108892

Also related:

Was the recent shooting in Ottawa yet another false flag?

We don’t have any absolute confirmation yet. But there were plenty of indications.

First, just hours before the shooting, BBC News reported that Canada had raised its terror threat. As everyone knows, they don’t raise the terror threat level every day. Here in the USA it has been stuck on “orange” for years. If it ever starts blinking red, you can assume that a new 9/11 false flag op is on the way.

Then right after the shooting, the Mounties (RCMP) urged the public NOT to post any photos or videos of the shooting. The authorities obviously want to quickly seize control of the narrative and avoid embarrassments like the Boston Bombing photos showing that Craft International operatives, not the Tsarnaev brothers, carried out the attack…

http://www.veteranstoday.com/2014/10/23/ottowa/

 

“The Whole System Is Rigged”

Ground Beef Up 17%

Thanks to the Federal Reserve, the middle class is slowly being suffocated by rising food prices.  Every single dollar in your wallet is constantly becoming less valuable because of the inflation the Fed systematically creates.  And if you try to build wealth by saving money and earning interest on it, you still lose because thanks to the Federal Reserve’s near zero interest rate policies banks pay next to nothing on savings accounts.  The Federal Reserve wants you to either spend your money or to put it in the giant casino that we call the stock market.  But when Americans spend their paychecks they are finding that they don’t stretch as far as they once did.  The cost of living continues to rise at a much faster pace than wages are rising, and this is especially true when it comes to the price of food.

Someone that I know wrote to me today and let me know that she had to shut down the food pantry that she had been running for the poor for so many years.  It isn’t that she didn’t want to help the poor anymore.  It was that she just couldn’t deal with the rising food prices any longer.  Now she is just doing the best that she can to survive herself.

Perhaps you have also noticed that food prices have gotten pretty crazy lately.  In particular, meat prices have become absolutely obscene.  For example, the average price of ground beef has risen to a new record high of over $4.09 a pound.  Over the past twelve months, that works out to a whopping 17 percent increase…

http://theeconomiccollapseblog.com/archives/low-inflation-the-price-of-ground-beef-has-risen-17-percent-over-the-past-year