In his latest video titled They Know the Collapse is Now, Charlie McGrath of Wide Awake News provides commentary on the state of affairs in America and the world.

(Video follows excerpts and comments)

There’s no hiding it. There’s no hiding it to anybody who has their eyes open and is even remotely awake to the fact that the employment situation in this nation is deplorable. Not only in this nation but around the world.

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We live in a cesspool. A cesspool of entitled, elite scumbags who have no problem whatsoever looking into a camera telling you what you want to hear, spending ungodly amounts of money to get a job that pays them in the hundred to two hundred thousand dollar a year range, so they can sit and write laws and legislation for the people who are really padding their pockets – the too-big-too-fails, the ten banks that own 80% of the wealth of this nation.

America is slowly starting to realize this isn’t the summer of recovery. It’s the summer of reality. We are going into Great Depression 2.0. This one’s going to be far, far worse. It’s a perfect storm of everything heinous that could happen, happening.

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Every one of them, every one of them to a man and woman, and I don’t care what’s behind their name, a “D” or an “R”, needs to be ass-launched out of Washington. Sent packing.

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Welcome to the summer of reality. And the reality is, we’re heading to the pits of hell.

We often come across articles, comments and forum postings from individuals who speak of the current economic crisis as a severe recession from which we will emerge stronger than ever before, just like past recessions.

While we share the sentiment that the American people, our values, and our innovation and work ethic will eventually lead to a stronger America, it will not come without significant pain.

Unless you are in complete denial, it is absolutely clear that our economic and financial systems are in collapse. Our political system, from local representatives to federal judges, has been corrupted.

It’s happening right now, as Charlie McGrath points out, and there is nothing that is going to stop it. Our political leaders have sold us out. They’ve exchanged political donations, perks and future job opportunities for billions upon billions of dollars in mandated handouts and wealth transfers from the American people to foreign entities, large corporate institutions and other clients of well-connected lobbyists.

They have and will continue to suck the people dry, even those who have not yet been born, by enslaving them through personal and federal debt.

On the economic side of things, people are losing jobs, homes and confidence. A collapse of this magnitude, of a nation who has built up debts and bad habits over decades, does not happen over night. It deteriorates slowly, just as we’re seeing happen right before our eyes.

For many, the pits of hell are a reality right now, today.

Watch Charlie McGrath’s commentary: