By Tony Treece
Imagine with me, you're in your mid fifties. During the last recession you lost your manufacturing job. When the downturn in the economy happened your company sent the operation to Mexico, and it left you without a job.
You filed for unemployment and searched for similar jobs everywhere. But there were no jobs for your skill set, and with the unemployment check you received you weren't able to pay all your bills. The bill collectors called relentlessly and your credit circled the drain, and eventually it was gone. You sought work for weeks but found nothing. Finally, your unemployment benefits were exhausted. What did you do? You quit looking for a job and you were no longer counted as unemployed by the government.
Now that you have no job and nowhere to turn, you search for places to get food. You find your local food bank. The only problem is that once you get there, you realize that there are hundred or maybe even thousands of other people in your area in the same plight as you. Hungry. Eventually you deduce that maybe if you get to the food bank at 6:30 in the morning, right when it opens, you'll be able to get food for you and your family.
Yesterday the Associated Press (AP) ran an article titled, "Food banks struggle to meet surprising demand." It states that food banks across the country are expected to give away 4 billion pounds of food this year. That is more than double the amount of food given out a decade ago. Things are getting worse. In 2014, 3.8 billion pounds of food were given away. This does not give credence to the "economic recovery" the media and politicians espouse.
The AP article states, "People who have low-wage jobs, who aren't receiving regular raises, are finding those earnings stretched thin." It cites the spokesman of one of the largest national food banks: "Feeding America spokesman Ross Fraser said a recent study by his organization estimated that 46 million people sought food assistance at least once in 2014." That means about 14.5% of Americans have sought food assistance.
I get in my car and drive around and I see a lot of cars. And people in stores. Please understand that there have been $4.4 trillion dollars created since 2008. Much of this money has been used to create stock market growth. It has created a façade in people's stock portfolios, 401Ks, and mutual fund accounts. Some people have actually increased in wealth since 2008.
What am I saying?
The rich are getting richer while the poor are getting poorer. Further, many in the middle class are slipping into poverty. Executives at corporations have gotten richer, politicians have gotten richer, and average workers have gotten much poorer. But when the stock market façade crumbles, many of those who have built their financial portfolios on stocks, mutual funds, and stashed money in the bank will see themselves become poor.
This is no secret. There is no economic recovery. The Depression has started. We have never been as busy as we are right now. The TreeceCo team is exhausted. People are rushing their money into safe and guaranteed savings vehicles here in the last hour. It's unprecedented.
Scripture of the week: Romans 8:14-15, For as many as are led by the Spirit of God, they are the sons of God. For ye have not received the spirit of bondage again to fear; but ye have received the Spirit of adoption, whereby we cry, Abba, Father.