Will A Decline In The Credit Rating Of U.S. Government Debt Lead To A Complete Financial Disaster?

Most Americans know that individuals have credit ratings, but many of them don’t realize that countries have credit ratings too, and that even a small dip in the credit rating of a nation can have a huge economic impact.  For decades, U.S. government debt has had a very, very high credit rating.  U.S. Treasuries were generally considered among the safest, if not the safest, investments in the world.  But that is starting to change.  Just this past week, Moody’s Investors Service said that the U.S. government has been running up so much debt that there is actually a danger that the credit rating of U.S. government debt could be downgraded at some point in the future.  That would make it significantly more expensive for the U.S. government to borrow more money, and it would cause interest on the U.S. national debt to skyrocket even further. (Read More...)

15 Signs That The U.S. Housing Market Is Headed For Complete And Total Collapse

The U.S. housing market is dying.  You will only hear hints of this on the mainstream news and from the politicians in Washington D.C., but as statistic after statistic continues to roll in, the reality of what is happening is becoming very difficult to deny.  Up until the end of April, the giant tax credit that the U.S. government was bribing home buyers with helped stabilize the real estate market, but now that the tax credit has expired the decline of the U.S. housing market has resumed.  Mortgage defaults continue to set new records.  Foreclosures continue to set new records.  Home repossessions by banks continue to set new records.  The number of homes being constructed and the number of Americans applying for home loans is at stunningly low levels.  For decades, owning a home has been touted as the very heart of “the American Dream”, but today that dream is out of reach for an increasing number of Americans.  Why?  It is because there are not nearly enough jobs for everyone.  Without a jobs recovery, there simply is not going to be a housing recovery.  Unfortunately, as the U.S. economy continues to come apart like a 20 dollar suit, even more Americans are going to lose their jobs and the U.S. housing industry will continue to experience a very painful decline. (Read More...)

The Shockingly High Cost Of Free Trade: 10 Reasons Why Globalism Is Bad For Middle Class Americans

Today, there are very few national figures that are dissenting from the politically-correct viewpoint that free trade is a good thing.  The vast majority of Republican politicians believe in free trade.  The vast majority of Democrats believe in free trade.  Barack Obama believes in free trade.  Nancy Pelosi believes in free trade.  Rush Limbaugh believes in free trade.  Glenn Beck believes in free trade.  In fact, just about anyone who goes on mainstream media and starts speaking out against free trade is immediately branded an idiot who does not understand the first thing about economics.  So considering the fact that leaders on both sides of the “political spectrum” fully embrace free trade, shouldn’t we just go with the consensus and consider the debate about trade to be over?  Well, there is just one problem.  All of this globalism and free trade is killing the American Dream and is destroying the American middle class.  (Read More...)

Will The Bizarre Weather Of 2010 Set The Stage For A Major Global Food Shortage In 2011?

Record-shattering heatwaves all over the world, massive wildfires in Russia, truly historic flooding in Pakistan and China and devastating droughts in many other areas are playing havoc with harvests all over the globe.  This is leading many analysts to predict a sharp rise in food prices for the rest of 2010, and there are even whispers that 2011 could see the outbreak of global food riots that are even worse than what we witnessed back in 2008.  The truth is that things are starting to get more than a bit frightening out there.  One quarter of Russia’s grain crops have already been wiped out by the unprecedented heatwave and the massive wildfires that have been ravaging that nation.  In fact, the Russian government has announced that they have banned all grain exports for the rest of this year.  This has caused a dramatic surge in the price of wheat on world markets.  Unfortunately, Russia is far from alone in dealing with bad harvests this year.  So what happens when global food prices go so high that the hundreds of millions of people existing on the edge of poverty around the world can’t afford to buy food any longer? (Read More...)

No More Debt!

As we approach election season here in 2010, American voters are seemingly more angry than at any other time in recent memory.  More than at any other time in modern American history, Americans are seeking out alternatives outside the “two party system” (such as the Tea Party movement) through which to express their anger.  So why are the American people so angry?  Well, the truth is that there are a whole lot of reasons, but one of the biggest reasons is the horrific mismanagement of our national finances that has been going on in Washington.  The “Congress critters” have been piling up the biggest mountain of debt in the history of the world, and millions of Americans are now waking up and are now realizing that our financial future has been absolutely obliterated.  We have accumulated a debt that is impossible to repay.  In fact, it is rapidly getting to the point where it will become impossible even to service the debt.  All of this debt is literally killing the American Dream.  An increasing number of Americans now realize the horror of what we have done, but the reality is that it may be far too late to reverse the damage that has taken place. (Read More...)

Are The Economic Riots That So Many People Have Been Warning Us About Already Starting?

For years, researchers such as Gerald Celente have been warning that the coming economic collapse is going to spark mob scenes and riots that are unprecedented in U.S. history.  Many have scoffed at these predictions and have refused to believe that anything like that could ever happen in America.  But if what happened on Wednesday near Atlanta is any indication, we could be on the verge of something really bad.  30,000 people turned out to pick up only 13,000 applications for government-subsidized housing.  Some people had waited for over two days just to get their hands on an application.  The “chaotic mob scene” that developed as the applications were being handed out left 62 people injured.  It turns out that there aren’t even any vacancies in government-subsidized housing at this time in that area.  These people were going wild just to get an application to get on the waiting list for government-subsidized housing.  Yes, this is what the American Dream has degenerated into – thousands of people rioting in an attempt to get on a waiting list for a government handout. (Read More...)

Is The U.S. Government The Last Great Source Of Middle Class American Jobs?

Once upon a time, private industry was the engine of the great American economic machine.  From coast to coast, expanding industries spawned massive cities filled with optimistic Americans who were able to achieve middle class lifestyles on the good jobs that American companies were providing for them.  The largest middle class in the history of the world had been created and it seemed possible for just about everyone to live the American Dream.  But today all of that has changed.  The private sector is being dominated by gigantic global corporations that have shown absolutely no hesitation to ship jobs overseas.  Millions upon millions of good jobs have been sent to China, India and the third world and they are never coming back.  Pay and benefits for middle class Americans working in private industry have been slowly eroding and are now at dangerously low levels.  Meanwhile, working as a “government servant” has never been more rewarding.  Today, the average government worker makes far more than the average worker in the private sector does. (Read More...)

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