Tax The Rich? 14 Facts You May Want To Consider

Class warfare in the United States is heating up again.  As the overall economic pie shrinks, the poor are being taught to go after the rich and the rich are being taught that the poor are a threat.  Lately, the calls to “tax the rich” have grown louder than ever.  As thousands more American families fall into poverty every single day, and as U.S. government debt continues to soar, many are touting higher taxes on the wealthy as the solution to all of our problems.  But is that what we really want to do?  Will it actually solve our economic and financial problems as a nation?  If you don’t have much money, it can sound very appealing when politicians say that they want to “tax the rich”.  But unfortunately, things are just not that simple. (Read More...)

The End Of An Empire And The Beginning Of A Depression

Since the end of World War 2, the United States has been the leading military power and the leading economic power on the entire globe.  The U.S. has had the largest economy in the history of the world, the U.S. dollar has been used by nearly all of the nations on earth as a reserve currency and the U.S. military has had a physical presence in most of the countries on the planet.  Today, the U.S. military is in approximately 130 different nations and it has a total of about 700 military bases around the world.  But just like the Roman Empire, the U.S. empire has become overextended and it is starting to decline.  Most of our politicians believe that we can continue to “police the world” and project our power to every corner of the globe, but the more we meddle the more the rest of the world hates us and the worse our financial problems get.  America is now swamped with debts and our influence is fading.  The truth is that what we are witnessing is the end of an empire and the beginning of a depression. (Read More...)

35 Statistics That Show The Average American Family Has Been Broke Down, Tore Down, Beat Down, Busted And Disgusted By This Economy

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...)

Wild And Crazy 2011: 10 History-Shattering Events That Have Shaken The Financial World To The Core

2011 has already had more history-shattering events than almost any other year since World War 2.  Revolutions have swept the Middle East and much of Africa, a new war has erupted in Libya, Japan has experienced an unprecedented tsunami and a horrific nuclear crisis, the price of oil is skyrocketing, multiple nations in Europe are experiencing a financial meltdown and budget issues have pushed the U.S. government to the verge of a shutdown.  In past years, it always seemed like there was time to “catch our breath” between each major crisis, but now huge events are striking in rapid-fire succession.  We live at a time when wars, rumors of wars, natural disasters, bizarre occurrences and major financial problems are becoming so common that they hardly shock us anymore.  2011 truly has been one wild and crazy year, and the world is literally being transformed right in front of our eyes. (Read More...)

Debt Management: Is There Any Hope For America’s Debt Problem?

Wouldn’t it be nice if our politicians in Washington D.C. simply decided that we are not going to spend more money then we bring in?  That would just seem to be common sense.  After all, what do most of those big time debt management seminars teach?  Most of the time they tell families with debt problems that the very first thing that they need to do is to stop spending so much darn money.  Well, with the U.S. government things are just not that simple.  In fact, even the most “crazy” budget proposals floating around Congress right now would not balance the federal budget until 20 years from now.  The truth is that there does not seem to be much hope for America’s debt problem.  In fact, it appears to be inevitable that it will continue to get worse long into the future. (Read More...)

Broke And Getting Broker: 22 Jaw Dropping Statistics About The Financial Condition Of American Families

Most American families are really struggling in this economy and they see most of the families around them really struggling, but they don’t have any hard numbers to back up the feelings of economic despair that they are experiencing.  Well, below you will find 22 statistics that prove that American families are broke and getting broker.  Today, the financial condition of most middle class families is rapidly deteriorating.  The number of good jobs is declining, incomes are down, debt loads are up and bankruptcies and foreclosures just continue to increase.  If you step back and really examine the statistics, it becomes really hard to deny that American families are getting poorer.  Well, the wealthiest 5 percent are still thriving, but everyone else is really having a tough time.  The truth is that a large percentage of the U.S. middle class is slowly but surely going broke.  Unfortunately, this is being caused by long-term economic trends that simply are not going to be fixed overnight. (Read More...)

10 Facts About Corporate Taxes That Will Make Your Blood Boil

As the rest of us fill out our federal tax returns this year, we can all take great comfort in the fact that many of the largest corporations in the United States are not paying any federal taxes at all.  Over the past couple of decades, multinational corporations have become incredibly skilled at avoiding taxes.  It has become routine for big companies to shift profitable operations to divisions in other countries where tax rates are lower.  It has also become routine for big companies to set up “sham headquarters” in tax havens around the world.  Many U.S. corporations have even renounced their status as American companies in order to avoid paying taxes.  All of this has had a dramatic impact on the income of the federal government.  Corporate taxes now account for less than 7 percent of all federal revenue.  Back in the 1950s they accounted for about 30 percent of all federal revenue.  Meanwhile, the 35 percent corporate tax rate in the United States is chasing companies (and the accompanying good jobs) out of the United States at a blinding pace.  In a world where big corporations will go to any lengths to “game the system”, this is absolutely devastating our economy. (Read More...)

Gold And Silver Are Thriving While The U.S. Dollar Is Dying

Have you heard the news?  Gold hit another new record high on Thursday.  It reached $1447.40 before settling back a bit.  Most people responded to that news with a yawn.  Why?  Well, because it is happening so frequently these days.  It seems like the price of gold is constantly setting a new record.  Silver likewise is thriving.  The price of an ounce of silver briefly hit $38.13 on Thursday.  That was the highest price for silver in 31 years.  But most people also responded to that news with a yawn.  Why?  Well, because the price of silver always seems to be going higher these days.  Meanwhile, the U.S. dollar is struggling.  The ICE Dollar Index fell to 75.340 earlier this week.  That was the lowest it has been since December 2009.  Even at a time when the sovereign debt crisis in Europe is flaring up again and there is tremendous instability all over the world the U.S. dollar still can’t find much traction.  In fact, many are convinced that the U.S. dollar is on the verge of another major fall.  So what in the world is causing all of this? (Read More...)

Money Trouble Ahead: 15 Indications That Bad Times Are About To Hit The U.S. Economy

2011 is shaping up to be a really bad year for the U.S. economy. There are all kinds of indications that big trouble is ahead. So far financial markets are weathering all of the chaos around the world fairly well, but just as there were huge flashing warning signs before the 2008 financial crisis there are also huge flashing warning signs now.  The price of oil is soaring, the U.S. housing market is experiencing huge problems, the cost of living in America recently hit a new record high and each week the globe seems to become even more unstable.  How much pounding can our fragile economic system take before it completely collapses?  As the price of oil goes even higher, it is going to cause economic growth to slow down and it is going to cause the prices of the things that we all buy at the stores to go up at the same time.  It is very likely that we are entering a period of “stagflation” similar to what we experienced in the 1970s.  This is going to cause a huge amount of money trouble for millions of American families.  Already there are vast numbers of American families that are barely making it every month.  Tens of millions of Americans are already receiving government assistance.  So what is going to happen when the next financial crash happens and we experience yet another major economic downturn? (Read More...)