Now That U.S. Government Debt Has Been Downgraded, The Rest Of The World Is Calling Even Louder For A New Global Currency

For decades, the U.S. economy was so dominant compared to the rest of the world that nobody really even challenged the status of the U.S. dollar as the reserve currency of the world.  But now that U.S. government debt has been downgraded, the U.S. dollar is showing significant weakness and the U.S. economy continues to crumble, the rest of the world is questioning whether the U.S. dollar should be allowed to continue to have such a privileged position in the global marketplace.  Politicians all over the world are now openly calling for a new global currency to replace the U.S. dollar in international trade.  In fact, we are already seeing a shift away from the dollar in many areas of the globe.  A decade ago, the U.S. dollar made up approximately 70% of all foreign exchange reserves around the world.  Today, that figure is down to about 60%, and it continues to fall.  As the debt problems of the U.S. government get even deeper, and as the U.S. dollar loses even more strength, the calls for a truly global currency are going to grow even louder. (Read More...)

The Looting Of America: The Federal Reserve Made $16 Trillion In Secret Loans To Their Bankster Friends And The Media Is Ignoring The Eye-Popping Corruption That Has Been Uncovered

A one-time limited GAO audit of the Federal Reserve that was mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act has uncovered some eye-popping corruption at the Fed and the mainstream media is barely even covering it.  It turns out that the Federal Reserve made $16.1 trillion in secret loans to their bankster friends during the financial crisis.  You can read a copy of the GAO investigation for yourself right here.  These loans only went to the “too big to fail” banks and to foreign financial institutions.  Not a penny of these loans went to small banks or to ordinary Americans.  Not only did the banksters get trillions in nearly interest-free loans, but the Fed actually paid them over 600 million dollars to help run the emergency lending program.  The GAO investigation revealed some absolutely stunning conflicts of interest, and yet the mainstream media does not even seem interested.  Solid evidence of the looting of America has been put right in front of us, and yet hardly anyone wants to talk about it. (Read More...)

As The Dollar And The Euro Continue To Collapse, How High Is That Going To Push The Price Of Gold?

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...)

Corruption In America

In the United States today, it is not just the economy that is crumbling.  The entire fabric of society is coming apart as well.  Literally almost wherever you look you can find rampant corruption in America.  Our federal government is corrupt, our state and local governments are corrupt, our corporations are corrupt and unfortunately average Americans seem to become more corrupt all the time.  As corruption becomes widespread in America, trust is breaking down.  It is very difficult to know who to trust these days.  But a society cannot function without trust.  So what are we going to do when all the trust is gone? (Read More...)

10 Signs That Wall Street Is About To Go Into Panic Mode

Can you smell the fear?  Right now world financial markets are visibly nervous and many are worried that Wall Street is about to go into panic mode.  It really is eerie how 2011 is shaping up to be so similar to 2008.  Major Wall Street banks are laying off workers in droves, oil prices are at very high levels, pessimism is permeating the financial markets, debt ratings are being downgraded all over the place and consumer confidence is stunningly low.  Sadly, none of the fundamental things that were wrong with the financial markets back in 2008 have been fixed.  In fact, many believe that Wall Street is even more vulnerable now.  A ton of bad economic numbers have come pouring in lately and that has put investors in a really sour mood.  All it would probably take is for one really significant “trigger event” to take place for Wall Street to go into full-fledged panic mode. (Read More...)