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...)

Americans Are Willing To Trample One Another To Get Their Hands On Cheap Foreign-Made Plastic Crap Even As The United States Turns Into A Post-Industrial Wasteland

As this latest Black Friday clearly demonstrated, Americans are literally willing to trample one another to get the best deals on cheap foreign-made plastic crap.  Meanwhile, as thousands of factories and millions of jobs continue to get shipped overseas, the United States is rapidly turning into a post-industrial wasteland.  Once great manufacturing cities such as Camden, New Jersey have become crime-ridden, gang-infested hellholes.  In some U.S. cities, the “real” unemployment rate is around 30 or 40 percent.  The American people desperately need jobs, but the American people are also showing no signs that they plan to give up their addiction to cheap foreign goods.  Our politicians keep insisting that the American people just need “more education” and “more skills” in order to compete, but they don’t ever seem to explain how more education and more skills are going to make new jobs pop into existence out of thin air.  The truth is that the American Dream is rapidly becoming the American Nightmare and there is not much hope that any of this is going to turn around any time soon. (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...)

The Death Of The Dollar? 11 Signs That We Could Be On The Verge Of A Global Currency Crisis

Over the past several decades, the U.S. dollar and other major currencies around the globe have been continually devalued, but they have still remained stable enough for trade to flourish and for the world to enjoy an unprecedented era of prosperity.  However, that all may now be changing.  Many analysts now fear that the new $600 billion program of quantitative easing by the U.S. Federal Reserve may set off a round of “competitive devaluations” across the globe that could precipitate a global currency crisis.  If that happens, it might not just be the death of the dollar that we are talking about.  Instead, we could potentially see the death of fiat currencies worldwide in the coming years.  Under the current system, nations have a built-in incentive to devalue their national currencies because it gives them a competitive advantage in world trade.  In fact, quite a few countries have been doing this for years, but in 2010 currency devaluations have become a “hot button” issue and the extreme actions taken recently by the U.S. Federal Reserve and other global central banks have pushed us to the brink of a global currency war. (Read More...)