Tuesday, September 21, 2010

Submitted by You: 10 Signs U.S. is Turning into The Third World

This was sent to us by a anonymous reader. The article basically goes over the ten signs that America is falling into a third world status. Scary but true. Let's hope we can turn things around before it is to late.
-Blogging4Bullion

The United States by every measure is hanging on by a thread to its First World status. Saddled by debt, engaged in wars on multiple fronts with a rising police state at home, declining economic productivity, and wild currency fluctuations all threaten America's future.

The general designations of the ranking system for world status date back to the 1950s, and have included countries at various stages of economic development. Since the Cold War, the definition has come to be synonymous with repressive countries where a wealthy class of ruling elites segment society into the haves and have-nots, many times capitalizing on the conditions that follow an economic crisis or war...

1. Rising unemployment and poverty

2. Economic dependence

3. Declining civil rights

4. Increasing political corruption

5. Military patrolling the streets

6. Failing infrastructure

7. Disappearing middle class

8. Devalued currency

9. Controlling the media

10. Capital Controls

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