The economy is changing life in America. Popular daytime shows and print and online articles focus on the topics plaguing people’s minds the most: people losing their jobs, families with home foreclosures, how to feed a family for less in these hard economic times, and so forth. Many Americans are finally being forced to make lifestyle changes, some of them very unpleasant. Tension is building with every foreclosure.

Yet, while many families are hurting, much of the American population still has the luxury of remaining apathetic—sung to sleep by sweet-sounding political soundbites. Our leaders tell us that the recession is over, the bottom is in, a V-shaped recovery has begun. They said the same six months ago too.

America’s leadership is setting America up for full-scale disillusionment.

At the time of America’s most perilous economic predicament in 234 years, the White House has decided to throw a monkey wrench into one sixth of America’s economy. Admittedly, America’s health care system leaves much to be desired, but recklessly putting the nation on course to go trillions more into debt at a time when it is already running the largest deficits in history smacks of deliberate suicide.

If national health care follows in the dubious footsteps of Medicare and Medicaid, the true cost of government-care will be many times what the salesmen in Washington claim.

Just look at Social Security. Planners said that it wouldn’t go cash-flow negative until 2016. The New York Times revealed last Wednesday that the program will pay out more than it takes in this year—bad news since the government has already plundered the trust fund. All that is left are government ious.

Meanwhile, as the political elite fiddle, America’s cities show signs of rapid decline. Kansas City is closing nearly half of its schools due to funding shortfalls. The city is broke. Detroit is closing 25 percent of the schools it has left.

The housing market keeps deteriorating too. Half of all homeowners who have taken advantage of government aid to modify their mortgages have fallen back into default within nine months. White House economic adviser Diana Farrell said the government expects 10 to 12 million additional foreclosures over the next three years. That is 10 to 12 million families pushed out of their homes—and the government has consistently erred on the conservative side.

The latest jobs report shows that 27 states show increased unemployment rates. Conditions have improved in only seven states, three of which were the small states of Nebraska and North and South Dakota.

Consignment stores may be booming, but the real wealth-producing sectors of the economy are suffering. Caterpillar and John Deere announced that they will take $100 and $150 million hits to their books, respectively, now that national health care has become law. On March 26, at&t reported the biggest bombshell so far. The new legislation will force it to take a whopping $1 billion non-cash charge to its balance sheet. And government officials promised there would be no material impact to company finances until 2014.

Doesn’t sound like much of a formula for job creation does it?

Hope is going to be smashed by reality. The shape of America’s recovery is more likely to be a staircase to the cellar—that is, no recovery; only small respites on the way down.

The writing is on the stairwell. The good days are gone. The whole world can see it.

America is facing “‘The Great Correction’ … in which we’re expecting a number of things to get sorted out—including the stock market boom from ’82-’07 … the post-’71 dollar-backed monetary system … and the huge credit expansion that goes all the way back to 1946,” writes bestselling author and Paris-based economic analyst Bill Bonner (emphasis mine).

But that’s not all. It could be that this period will correct the whole, extraordinary surge in Anglo-Saxon power that began in the 17th century. English speakers have been on a roll since Sir Francis Drake defeated the combined armada of Spain and France in 1588. Soon after England began putting together her empire … and then, the Industrial Revolution turned Britain and America into economic powerhouses.In addition to reducing asset prices and de-leveraging the economy, The Great Correction could be reducing the relative power and influence of the English-speaking peoples. We don’t know … but that’s the way it looks now ….

America’s fantastic run of economic success is nearing its spectacular end. (For proof of why the English-speaking peoples dramatically vaulted to world-power status and why they are just as dramatically falling now, read The United States and Britain in Prophecy.)

It is an end that is destined to finish in flames. Economic catastrophes such as the one we’re beginning to experience don’t affect just the economy.

America is sitting on a social powder keg. The public disillusionment and social disruption when the green shoots and imminent economic recovery fail to materialize will be a tragic spectacle. Social discontent and even race wars will flare. The public venom associated with the passing of national health care is just the first sparks of a greater social powder keg threatening to blow.

Yet, there is hope for America—although it cannot be found with either the Republican or Democratic parties. The solution to America’s problems is beyond politicians. To find out the action that each individual needs to take, read this booklet.