Is there a third party on the way?

As I listen more and more to what is going on in Washington and in the government, the more and more I think that neither political party is doing what is best for the American people. They are only doing what is in their own self interest. None of what they do in Washington follows the counsel that the prophet has asked us to follow. They spend more than they make, they want to give handouts to the American people without teaching them to work, be self-reliant and take care of themselves, and they are taking away personal responsibility. What can we do as a people to help correct this problem? Personally, I do not feel this is the time to start voting for a third party candidate as they have no possibility at all to get elected. If you believe in the prophecies of Joseph Smith, that time may not be far off. He prophesied of a third party springing up out of the two current parties. He doesn't give a specific time frame but the prophecy is very specific:

Prophecy of Joseph Smith, as recorded by Mosiah Lyman Hancock (June 19, 1844), commonly known as the "Hancock Prophecy": The next day the Prophet came to our home and stopped in our carpenter shop and stood by the turning lathe. I went and got my map for him. "Now," he said, "I will show you the travels of this people." He then showed our travels thou Iowa, and said, "Here you will make a place for the winter; and here you will travel west until you come to the valley of the Great Salt Lake! You will build cities to the North and to the South, and to the East and to the West; and you will become a great and wealthy people in that land. But, the United States will not receive you with the laws which God desires you to live, and you will have to go to where the Nephites lost their power. They worked in the United Order for 166 years, and the Saints have got to become proficient in the laws of God before they can meet the Lord Jesus Christ, or even the city of Enoch." He said we will not travel the shape of the horse shoe for there we will await the action of the government. Placing his finger on the map, I should think about where Snowflake, Arizona is situated, or it could have been Mexico, he said, "The government will not receive you with the laws that God designed you to live, and those who are desirous to live the laws of God will have to go South. You will live to see men arise in power in the Church who will seek to put down your friends and the friends of our Lord and Savior, Jesus Christ. Many will be hoisted because of their money and the worldly learning which they seem to be in possession of; and many who are the true followers of our Lord and Savior will be cast down because of their poverty. There will be two great political parties in this country. One will be called the Republican, and the other the Democrat party. These two will go to war and out of these two parties will spring another party which will be the Independent American Party. The United States will spend her strength and means warring in foreign lands, until other nations will say, "Let's divide up the lands of United States." Then the people of the U.S. will unite and swear by the blood of their forefathers, that the land will not be divided. Then the country will go to war, and they will fight until one half of the U.S. army will give up, and the rest will continue to struggle. They will keep on until they are very ragged and discouraged, and almost ready to give up, when the boys from the mountains will rush forth in time to save the American Army from defeat and ruin. And they will say, "Brethren, we are glad you have come. Give us men, henceforth, who can talk with God." Then you will have friends, but you will save the country when it's liberty hangs by a hair, as it were.
(Sources: The Journal of Mosiah Lyman Hancock, p. 19-20; Autobiography of Mosiah Hancock, typescript, BYU Library Special Collections, p. 29. Compiled by Amy E. Baird, Victoria H. Jackson, and Laura L. Wassell (daughters of Mosiah Hancock).

I don't believe that this time is very far off. With the financial crisis, with the US "warring in foreign lands", immorality is rampant, and there are countries that are tired of the power of the U.S. and would love to see it fail or be divided. I wouldn't be surprised to see some or all of this prophecy come to pass in ten to twenty years. I'm not predicting anything because I don't know anything beyond what I read, see, hear. I then interpret things how I see them.

I sometimes wonder if people had these same thoughts who know the prophesies of Joseph Smith during the Great Depression, the World Wars, or even the Cold War. It is possible that this could be one of those times as well and we will get though it and life will be better. I have a hard time believing that though as we get closer and closer to the second coming of Christ. I was in a meeting once while I was a missionary in Los Angeles, CA and my Mission President shared with us (used by permission) a patriarchal blessing given to an eighteen year old man. This blessing told the brother that he would be alive during the second coming of Jesus Christ. That blessing was given in, I believe, in the year 2000. Read into that what you will but that makes me wonder how close everything leading up to the second coming really is.