16 Shocking Facts About The Student Loan Debt Bubble And The Great College Education Scam

As you read this, there are over 18 million students enrolled at the nearly 5,000 colleges and universities currently in operation across the United States.  Many of these institutions of higher learning are now charging $20,000, $30,000 or even $40,000 a year for tuition and fees.  That does not even count living expenses.  Today it is 400% more expensive to go to college in the United States than it was just 30 years ago.  Most of these 18 million students have been told over and over that a “higher education” is the key to getting a good job and living the American Dream.  They have been told not to worry about how much it costs and that there is plenty of financial aid (mostly made up of loans) available.  Now our economy is facing the biggest student loan debt bubble in the history of the world, and when our new college graduates enter the “real world” they are finding out that the good jobs they were promised are very few and far between.  As millions of Americans wake up and start realizing that the tens of thousands of dollars that they have poured into their college educations was mostly a waste, will the great college education scam finally be exposed? (Read More...)

Will The Obama Tax Cut Deal Save The Economy? NO!!

All over Washington D.C., top Republicans and Obama administration officials are running around declaring that the tax cut deal that was just passed will save the U.S. economy. But is this even partially true? Of course not! Mostly, what the “tax cut deal” does is keep tax rates exactly where they already are. Now, many of us are extremely thankful that we will not be paying higher taxes, but the truth is that if these tax cuts were going to “save the economy” they would already be saving it. Yes, this tax cut deal will provide a minor short-term stimulus to the economy, but it will also add $858 billion (some say closer to $1 trillion) to the projected federal budget deficits over the next two years. You see, this tax cut deal contained “all candy and no spinach”. In other words, the tax cuts were not accompanied by corresponding spending cuts, and that is going to lead to big trouble in the long run. (Read More...)

China #1, United States #2? 25 Facts That Prove The Transition Is Really Happening

On a recent episode of The Office, Michael Scott spent much of the show bemoaning the fact that China could soon become the number one economic superpower.  Of course by the end of the episode everyone had concluded that the United States would continue to be number one indefinitely, but in the real world things are not so simple.  Sadly, the cold, hard facts reveal that China is on the rise and the United States is experiencing a dramatic economic decline.  The world is changing and China is projected to become the largest economy in the world at some point during the next decade.  Americans have been taught from birth that “the U.S. is number one”, but the transition is really happening.  China is passing the United States even in quite a few high tech industries and in many areas of scientific research.  The numbers that you are going to read below are absolutely staggering.  It is getting really hard to deny that the Chinese are wiping the floor with us economically.  In fact, they are beating us so badly that it is hard to put into words. (Read More...)

24 Signs That All Of America Is Becoming Just Like Detroit – A Rotting, Post-Industrial, Post-Apocalyptic Wasteland

For years, people have been laughing at the horrific economic decline of Detroit.  Well, guess what?  The same thing that happened to Detroit is now happening to dozens of other communities across the United States.  From coast to coast there are formerly great manufacturing cities that have turned into rotting, post-industrial war zones.  In particular, in America’s “rust belt” you can drive through town after town after town that resemble little more than post-apocalyptic wastelands.  In many U.S. cities, the “real” rate of unemployment is over 30 percent.  There are some communities that will start depressing you almost the moment you drive into them.  It is almost as if all of the hope has been sucked right out of those communities. (Read More...)

12 Simple Things You Can Start Doing Right Now To Prepare For The Coming Financial Apocalypse

It is becoming increasingly apparent that the U.S. economy is heading for complete and total disaster.  State and local governments across the nation are uncontrollably bleeding red ink.  The federal government has accumulated the largest debt in world history.  Every year we buy hundreds of billions of dollars more from the rest of the world than they buy from us.  That means that we are getting hundreds of billions of dollars poorer as a nation every single year.  Meanwhile, thousands of factories and millions of jobs continue to be sent overseas as American cities turn into post-industrial wastelands.  Incomes are down, unemployment remains at depressingly high levels and very few of our politicians seem to have any idea how to fix things.  Yes, things are really, really bad.  So what are some things that we can all be doing to prepare for the coming financial apocalypse? (Read More...)

Obama’s Mistakes: 12 Examples That Show That Just About Everything That Barack Obama Tries To Do Turns Out Badly

Why does it seem like virtually everything that Barack Obama tries to do turns out badly?  There is a reason why his approval rating has fallen so precipitously.  Whether you agree with his policies or not, it is getting hard to deny that he is having a really hard time getting anything done right.  Health care reform was a total disaster, the economy continues to get worse, foreign policy is an unmitigated mess and faith in the federal government is at an all-time low.  Some Democrat insiders are now wondering if Barack Obama is actually losing it.  There are even whispers that Barack Obama may be challenged for the Democratic nomination in 2012.  That still seems far-fetched at this point, but without a doubt it is not just Republicans that are wondering about Barack Obama’s competence at this point. (Read More...)

Is America In Danger Of Turning Into One Gigantic Hellhole?

What in the world is happening to America?  Are there still places in America where liberty and freedom are respected, where taxes are low, where regulations are not suffocating, where the people are friendly and where Americans can be free to live an independent lifestyle?  In a previous article entitled “What Is The Best U.S. State To Move To If You Want To Insulate Yourself From The Coming Economic Meltdown?“, I asked readers what they thought were some of the best places in America to move to for people wishing to ride out the coming economic collapse.  Well, the response was overwhelmingly negative.  Readers were even highly negative about states that have been very popular for “independent thinking” Americans to move to such as Montana, Idaho, Alaska, Washington and Colorado.  So are there any “good” places in America left?  Or is America in danger of turning into one gigantic hellhole? (Read More...)

What Is The Best U.S. State To Move To If You Want To Insulate Yourself From The Coming Economic Meltdown?

Today, millions of American families are considering a move to another part of the country because of the growing economic problems that the United States is experiencing.  In the past, most Americans would normally just ride recessions out and would be able to safely assume that things would get back to “normal” sooner or later.  But for many Americans, this time just feels different.  Unemployment has never stayed this high for this long since the Great Depression.  Thousands of our factories and millions of our jobs have been shipped overseas, and many of our formerly great cities (such as Detroit) have been turned into deindustrialized wastelands.  The federal government and most state governments are essentially bankrupt and continue to get into more debt at an accelerating pace.  Meanwhile, Helicopter Ben Bernanke and his cohorts at the Federal Reserve have fired up the printing presses in a desperate attempt to revive the U.S. economy.  Many believe that by flooding the financial system with paper money that they are setting in motion a series of events which will eventually lead to the death of the dollar.  With so much wrong with our economy, is it any wonder why more Americans are deeply concerned about the state of the economy today than at any other time since World War II? (Read More...)

Why The Chinese Monopoly On Rare Earth Elements Is So Incredibly Dangerous

Most Americans have no idea why rare earth elements are important or why the Chinese monopoly on them is so dangerous.  But now that China is enforcing strict new quotas on the export of these metals a lot more people are going to start learning about them.  So just exactly what are they?  Well, “rare earth elements” is a name that has been given to 17 metals from the middle of the Periodic Table with nearly unpronounceable names such as lanthanum, cerium, tantalum, neodymium and europium.  These metals are used in an increasing number of high technology products.  Everything from iPods to wind turbines to missile-guidance systems use these metals.  Unfortunately, today China controls over 90 percent of the world supply of rare earth elements.  This puts China in an incredibly powerful position. (Read More...)