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 When it comes to government debt, it is not just new debt that is the problem. Every single year, governments around the world must "roll over" gigantic mountains of debt that come due. That means that the actual borrowing that takes place each year is far greater than the yearly budget deficits that you see talked about on television. In 2012, a total of 7,600,000,000,000 dollars of debt must be rolled over by the G-7 nations, Brazil, Russia, India and China. When you add in interest payments, that number rises to over $8 trillion. And that does not even include any new borrowing that all of those nations will do in 2012. This is a debt bomb that could devastate the entire global economy at any time. Everything will be fine as long as global lenders are willing to lend these countries gigantic mountains of very cheap money. But if that changes, and there are already a multitude of signs that a massive global credit crunch has begun, it will mean a complete and total financial nightmare for the entire world. (Read More.....)
 Right now, the global financial system is facing a crisis that is really unprecedented. The reserve currency of the world (the U.S. dollar) is collapsing and the second most powerful currency on the planet (the euro) is also collapsing. As the major paper currencies of the globe crumble, the hunger that investors around the world have for gold continues to grow. Today, the price of gold hit an all-time record of $1607.90 an ounce. But that record surely will not live for long. The truth is that gold has been steadily climbing for quite some time now. A year ago, the price of gold was hovering around $1200 an ounce and and many "mainstream economists" scoffed at the idea that the price of gold could go significantly higher. Well, nobody is laughing now. As colossal debt loads continue to crush both Europe and the United States, the euro and the dollar are going to continue to collapse. There are going to be more bailouts and central banks are going to be doing more money printing. So how high is all of this going to push the price of gold? (Read More.....)
 Millions of Americans have lost their homes, tens of millions of Americans can't find a decent job and 44 million Americans are on food stamps. This is causing an increasing number of Americans to ask this question: "Why is the economy so bad?" There are some Americans that are old enough to remember the Great Depression, but the vast majority of us have never known hard times. All our lives we were told that America was the greatest economy on the planet and that we would always experience endless prosperity in this nation. That was easy to believe because even though we had a recession once in a while, things always bounced back and got even better than ever. But now something seems different. The current economic downturn began back in 2007 and yet here we are in 2011 and there seems to be no end in sight for this economic crisis. So what in the world is going on? Can anyone explain why the economy is so bad? (Read More.....)
 In a world where nobody seems to be telling the truth anymore we are often left with more questions than answers. Instead of just telling us the facts, everything seems to be about getting "the spin" right these days. For example, the Osama Bin Laden "death story" has already been changed by the White House multiple times. Fake Osama Bin Laden death photos (like the one above) have been flying all over the Internet. Massive amounts of radiation continues to pour out of the Fukushima nuclear complex in Japan and yet all the authorities continue to insist that it is nothing to worry about. The global economy is teetering on the brink of disaster and yet it is being called "an economic recovery". The U.S. government has essentially already reached the debt ceiling and yet now Timothy Geithner is claiming that it won't be a problem until August. The world is becoming a more bizarre place with each passing week, and the lies just keep on getting bigger and bigger and bigger. (Read More.....)
 Are you against raising the debt ceiling? If so, according to former Bush Treasury Secretary Paul O'Neill you are actually part of al-Qaeda. Yes, seriously. During an interview on Bloomberg TV the other day, O'Neill actually made the following statement: "The people who are threatening not to pass the debt ceiling are our version of al-Qaeda terrorists. Really. They're really putting our whole society at risk by threatening to round up 50 percent of the members of the Congress, who are looney, who would put our credit at risk." For a high ranking Bush administration official to equate Tea Party activists with al-Qaeda is extremely frightening. Just remember what the Bush administration did to anyone supposedly associated with al-Qaeda. They shipped them off to Guantanamo Bay and waterboarded them into oblivion. It also shows how out of touch the Bush administration really was with the conservative base of the Republican Party. The Bush administration ran up record setting deficit after record setting deficit and now any conservatives that dare to want some assurances that we are actually going to do something about our rampant debt problem are labeled as "al-Qaeda terrorists". Of course the Obama administration is essentially doing the exact same thing. The current Treasury Secretary, Timothy Geithner, has been running around frothing at the mouth and declaring that we are going to experience financial armageddon if the debt ceiling is not raised. This whole episode is yet another example that shows what a fraud the false left/right political paradigm in this country really is. (Read More.....)
 The economic statistics that you are about to read are incredibly shocking, but they are also very, very real. Tonight there are going to be millions of men and women all across America that cannot sleep because they are consumed with anxiety about their financial problems. Even as you read this, there are a lot of parents out there that are trying to figure out how to explain to their children why their homes are being taken away. There are also hordes of very hard working Americans that are incredibly frustrated because they have sent out thousands of resumes and yet they can't seem to get a job interview. Have you ever been at a point where you couldn't pay the mortgage or put food on the table for your family? It can be an absolutely soul-crushing experience. In fact, there are some cities in the U.S. that have been so utterly devastated by this economy that it seems as though virtually everyone has had the hope sucked right out of them. The mainstream media is trying to convince all of us that we are in an economic recovery, but that is a lie. The truth is that we are in the middle of a long-term economic decline and the greatest economy in the history of the world is dying right in front of our eyes. (Read More.....)
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31 Interesting Questions