The United States is drowning in a sea of red ink from coast to coast and most Americans have absolutely no idea what is about to happen.\u00a0 Hopefully you have started to prepare for the coming U.S. financial crisis.\u00a0 If not, hopefully this article will be a wake up call for you.\u00a0 Right now, governments all over Europe are on the verge of financial implosion.\u00a0 Most Americans aren’t paying much attention to that, but they should be, because what is happening to Greece and Italy right now will eventually be happening here.\u00a0 Just recently, the U.S. national debt passed the 15 trillion dollar mark.\u00a0 State and local government debt is also at record levels.\u00a0 Tens of millions of American families are in debt up to their eyeballs, and millions more Americans fell into poverty last year.\u00a0 Meanwhile, the “too big to fail” banks just keep getting larger and the Federal Reserve continues to inflate the debt bubble.\u00a0 At some point this debt bubble is going to burst, and when it does it is going to unleash financial hell all over America.<\/span><\/p>\n Below you will find a list of numbers – 1 through 30.\u00a0 For each number, a statistic has been chosen that demonstrates the financial nightmare that the United States is facing.\u00a0 It is simply not possible to rack up debt at staggering rates forever.\u00a0 At some point the debt spiral is going to stop.<\/span><\/p>\n A lot of politicians are claiming that they can stop the coming financial crisis from happening.\u00a0 But the truth is that unless our entire financial system is fundamentally transformed, nothing is going to be able to stop the financial nightmare that is headed our way.<\/span><\/p>\n Unfortunately, the vast majority of our politicians still believe that the current financial system can be fixed and the vast majority of them still fully support the Federal Reserve.<\/span><\/p>\n That is going to prove to be a gigantic mistake.\u00a0 The following are 30 facts that show that the United States is heading directly for a massive financial crisis….<\/span><\/p>\n 1<\/strong> – For fiscal year 2011, the U.S. federal government had a budget deficit of <\/span>nearly 1.3 trillion dollars<\/span><\/strong><\/a>.\u00a0 That was the third year in a row that our budget deficit has topped one trillion dollars.<\/span><\/p>\n 2<\/strong> – The balance sheet of the Federal Reserve has been ballooning like crazy.\u00a0 At this point, the Federal Reserve has very little capital backing a balance sheet that is <\/span>well over 2 trillion dollars<\/span><\/strong><\/a>.<\/span><\/p>\n The following is how <\/span>Michael Pento of Euro Pacific Capital<\/span><\/strong><\/a> <\/span>describes the situation that the Fed is in….<\/span><\/p>\n Today, the Fed has $52.5 billion of capital backing a $2.7 trillion balance sheet.<\/span><\/em><\/p>\n Prior to the bursting of the credit bubble, the public was shocked to learn that our biggest investment banks were levered 30-to-1. When asset values fell, those banks were quickly wiped out. But now the Fed is holding many of the same types of assets and is levered 51-to-1! If the value of their portfolio were to fall by just 2%, the Fed itself would be wiped out.<\/span><\/em><\/p>\n 3<\/strong> – It is being estimated that it would take a total of <\/span><\/span>3 trillion euros<\/span><\/strong><\/a> <\/span>to bail out all of the countries in Europe that are in imminent danger of financial implosion.\u00a0 Europe is heading for a gigantic financial crisis, and when it happens the United States is going to be dragged down as well.<\/span><\/p>\n 4<\/strong> – As the U.S. economy continues to decline, millions of American families are having a very hard time feeding themselves.\u00a0 Today, one out of every seven Americans is on food stamps and <\/span>one out of every four<\/span><\/strong><\/a> <\/span>American children is on food stamps.<\/span><\/p>\n 5<\/strong> – The U.S. Postal Service has lost more than <\/span>5 billion dollars<\/span><\/strong><\/a> over the past year.\u00a0 It looks like the federal government is going to have to help the U.S. Postal Service out financially.<\/span><\/p>\n 6<\/strong> – Freddie Mac says that it is going to need another <\/span>$6 billion<\/span><\/strong><\/a> <\/span>bailout from the federal government.<\/span><\/p>\n 7<\/strong> – Fannie Mae says that it is going to need another <\/span>$7.8 billion<\/span><\/strong><\/a> <\/span>bailout from the federal government.<\/span><\/p>\n 8<\/strong> – We are told that the economy is recovering, but the number of Americans on food stamps has grown <\/span>by another 8 percent<\/span><\/strong><\/a> <\/span>over the past year.<\/span><\/p>\n 9<\/strong> – The U.S. unemployment rate has been hovering around 9 percent for 30 straight months.\u00a0 It is currently sitting at <\/span>9.0 percent<\/span><\/strong><\/a>.<\/span><\/p>\n 10<\/strong> – The total cost of just three federal government programs – the Department of Defense, Social Security and Medicare – exceeded the total amount of taxes brought in during fiscal 2010 <\/span>by 10 billion dollars<\/span><\/strong><\/a>.<\/span><\/p>\n 11<\/strong> – Back in the year 2000, <\/span>11.3%<\/span><\/strong><\/a> of all Americans were living in poverty.\u00a0 Today, <\/span>15.1%<\/span><\/strong><\/a> <\/span>of all Americans are living in poverty.<\/span><\/p>\n 12<\/strong> – The “free trade” agenda being pushed by our globalist politicians is absolutely killing us.\u00a0 Even in industries that we were once dominant in we are now getting wiped out.\u00a0 For instance, in 2010 South Korea exported <\/span>12 times<\/span><\/strong><\/a> as many automobiles, trucks and parts to us as we exported to them.\u00a0 Hundreds of billions of dollars that should be going to support American jobs and businesses is going overseas instead.<\/span><\/p>\n 13<\/strong> – Since 1985, the federal government has added <\/span>13 trillion dollars<\/span><\/strong><\/a> <\/span>to the national debt.<\/span><\/p>\n 14<\/strong> – The U.S. Treasury Department says that instead of <\/span>$14.3 billion<\/span><\/strong><\/a>, the total losses from the auto industry bailouts will actually be <\/span>$23.6 billion<\/span><\/strong><\/a>.<\/span><\/p>\n 15<\/strong> – Amazingly, the U.S. federal government is now <\/span>15 trillion dollars<\/span><\/strong><\/a> <\/span>in debt.\u00a0 When Obama first took office the debt was just 10.6 trillion dollars.<\/span><\/p>\n 16<\/strong> – According to U.S. Senator Bernie Sanders, the Federal Reserve made <\/span><\/span>16 trillion dollars in secret loans<\/span><\/strong><\/a> to big corporations, Wall Street banks, foreign nations and wealthy individuals during the financial crisis.<\/span><\/p>\n 17<\/strong> – The “too big to fail” banks just keep getting larger and larger.\u00a0 In the year 2000, Citigroup, JPMorgan Chase, Bank of America and Wells Fargo held approximately 22 percent of all banking deposits in FDIC-insured institutions.\u00a0 By the middle of 2009 that figure\u00a0<\/span>was up to\u00a039 percent<\/span><\/strong><\/a>.\u00a0 That is an increase of 17 percent in less than a decade.<\/span><\/p>\n 18<\/strong> – More Americans than ever are totally dependent on the government.\u00a0 In 1980, government transfer payments accounted for just <\/span>11.7%<\/span><\/strong><\/a> of all income.\u00a0 Today, government transfer payments account for <\/span>more than 18 percent<\/span><\/strong><\/a> of all income.<\/span><\/p>\n 19<\/strong> – As a result of the lack of good jobs, we have huge numbers of Americans in their prime working years that cannot financially support themselves.\u00a0 As I have written about <\/span>previously<\/span><\/strong><\/a>, 19% of all American men between the ages of 25 and 34 are living with their parents.<\/span><\/p>\n 20<\/strong> – America is rapidly getting poorer.\u00a0 Today, more than one out of every seven Americans is living in poverty and more than 20 million of them are considered to be living in <\/span>extreme poverty<\/span><\/strong><\/a>.<\/span><\/p>\n 21<\/strong> – Income inequality is rising to very dangerous levels.\u00a0 According to a joint House and Senate report entitled “<\/span><\/span>Income Inequality and the Great Recession<\/span><\/strong><\/a>“<\/span>, the top one percent of all income earners in the United States brought in a total of 10.0 percent of all income in 1980, but by the time 2008 had rolled around that figure had skyrocketed to 21.0 percent.<\/span><\/p>\n 22<\/strong> – It is not just the federal government with a debt problem.\u00a0 State and local government debt has reached an all-time high of <\/span>22 percent<\/span><\/strong><\/a> <\/span>of U.S. GDP.\u00a0 Many state and local governments are even closer to going broke than the federal government is.<\/span><\/p>\n 23<\/strong> – If you can believe it, during 2010 an average of <\/span>23 manufacturing facilities a day<\/span><\/strong><\/a> <\/span>were shut down in the United States.\u00a0 Our economy is literally being gutted like a fish.<\/span><\/p>\n 24<\/strong> – Right now, spending by the federal government accounts for about <\/span>24 percent<\/span><\/strong><\/a> <\/span>of GDP.\u00a0 Back in 2001, it accounted for just 18 percent.<\/span><\/p>\n 25<\/strong> – According to Shadow Government Statistics, the “real” rate of unemployment in the United States <\/span><\/span>is creeping up toward 25 percent<\/span><\/strong><\/a>.<\/span><\/p>\n 26<\/strong> – The Pension Benefit Guaranty Corporation (an agency of the federal government) says that it ran a deficit of <\/span>$26 billion<\/span><\/strong><\/a> <\/span>during the fiscal year that just ended and that it will probably need a bailout from the federal government.<\/span><\/p>\n 27<\/strong> – In the midst of everything else, the United States is bleeding national wealth like crazy.\u00a0 Tens of billions of dollars more goes out of this country each month than comes into it.\u00a0 Instead of improving, our trade deficit just keeps getting worse.\u00a0 For example, the U.S. trade deficit with China in 2010 <\/span>was 27 times larger<\/span><\/strong><\/a> <\/span>than it was back in 1990.<\/span><\/p>\n 28<\/strong> – The U.S. <\/span>housing crash<\/span><\/strong><\/a> <\/span>is a crisis that never seems to end.\u00a0 According to one source, approximately 28 percent of all home loans in the United States <\/span>are currently “underwater<\/span>“<\/span><\/strong><\/a>