The Rapture Verdict Seed Vault Get Prepared Now Preppers Blueprint Life strawBeginning Of The End
Gold Buying Guide: Golden Eagle Coins

Recent Posts

Michael and Meranda The Watch

Michael’s Latest Video

Legacy Water

At This Current Pace, A Record-Shattering 2.4 Trillion Dollars Will Be Added To The National Debt This Year

america-is-brokeBarack Obama is about to become the 20 trillion dollar man. With less than two months to go in his second term, the U.S. national debt stands less than 150 billion dollars away from the 20 trillion dollar mark. And at the pace that the debt is increasing, it seems almost certain that we will cross 20 trillion dollars before Inauguration Day. After promising us that “deficits are under control”, the federal debt jumped by more than 1.3 trillion dollars last fiscal year, and so far this year it is on pace to rise by a record-shattering 2.4 trillion dollars. This is a recipe for national suicide, and yet it wasn’t even a major issue during the recently concluded presidential campaign. (Read More...)

Financial Crisis 2016: High Yield Debt Tells Us That Just About EVERYTHING Is About To Collapse

Money Tornado - Public DomainDid you know that there are more than 1.8 trillion dollars worth of junk bonds outstanding in the United States alone?  With interest rates at record lows all over the world in recent years, investors that were starving for a decent return poured hundreds of billions of dollars into high yield debt (also known as junk bonds).  This created a giant bubble, but at first everything seemed to be going fine.  Defaults were very low and most investors were seeing a nice return.  But then the price of oil started crashing and the global economy began to slow down significantly.  Energy company debt makes up somewhere between 15 and 20 percent of the junk bond market, and the credit rating downgrades for that sector are coming fast and furious.  But it isn’t just the energy industry that is seeing a massive wave of defaults, debt restructurings and bankruptcy filings.  Just like with subprime mortgages in 2008, investors are starting to wake up and realize that the paper that they are holding is not worth a whole lot.  So now investors are rushing for the exits and we are starting to see panic on a level that we have not witnessed since the last financial crisis. (Read More...)

We Are Heading For The Greatest Doctor Shortage In American History

Emergency Room - Photo by Thierry GeoffroyThe United States already has an emerging shortage of doctors, and thanks to Obamacare that shortage is about to become much, much worse.  Right now, the U.S. has close to a million doctors, and about half of them are over the age of 50.  Many of them are beginning to wonder if practicing medicine is worth it anymore.  In some specialties, treating Medicaid and Medicare patients pays so little that many doctors are now turning them away.  Other doctors are charging their regular patients enormous amounts in order to make up for the money that they are losing on Medicaid and Medicare patients.  And of course the paperwork and the red tape imposed on doctors by the health insurance companies and the federal government gets worse with each passing year.  Some doctors actually spend more time filling out paperwork and dealing with red tape than they do seeing patients.  On top of everything else, there is the constant and never-ending threat of being sued by predatory lawyers and losing everything.  The giant malpractice insurance premiums that many doctors have to pay are an extreme financial burden on many practices.  When you add it all together, it really is not surprising to learn that large numbers of doctors all over the nation are being driven into bankruptcy.  Unfortunately, Obamacare is going to make all of the problems that I have just discussed even worse.  This is going to result in much longer waits to see a doctor, and the level of health care in this country is going to go down substantially. (Read More...)

29 Shocking Facts That Prove That College Education In America Is A Giant Money Making Scam

College Graduates By Kit from Pittsburgh, USACollege education in the United States has become a cruel joke.  We endlessly push our high school kids to invest tens of thousands of dollars and at least four years of their lives to get a college education because they won’t have any sort of a “future” without it.  So they sign up for decades of debt slavery and spend years listening to pompous windbags fill their heads with utter nonsense.  The sad truth is that most college courses are a total joke and they do very little to actually prepare those students for the real world.  I know – I attended public universities in the United States for eight years.  Most college courses are so easy that the family dog could pass them.  When they finally graduate, our young people discover that they were lied to all along.  The promised “good jobs” are not there for most of them, but the huge debts that they committed themselves to will follow them around permanently.  When you are just starting out and you are not making a lot of money, having to make payments on tens of thousands of dollars of student loan debt can be absolutely crippling.  This is why I say that college education in America is a giant money making scam.  Our young people are seduced by the idea of college being a five year party that will provide an automatic ticket into the middle class, but the reality is that the only guarantee is that it is a ticket to serfdom unless you have wealthy parents that are willing to foot the bill for you.  And bankruptcy laws have been changed to make it incredibly difficult to get rid of student loan debt, so once you have signed up for student loan debt slavery you are basically faced with two choices: either you are going to pay it or you are going to die with it. (Read More...)

California Bankrupt?

Is the state of California bankrupt?  Well, an increasing number of politicians and economic analysts are answering that question in the affirmative.  The truth is that California is a complete and total economic disaster area.  The state government of California is projected to have a budget deficit of at least 19 billion dollars this year, and next year the budget gap is projected to grow to 37 billion dollars.  To put that in perspective, the entire budget for the government of California is only about $125 billion per year.  Already, California’s credit rating is the lowest of all 50 states, and there are persistent rumors that it is about to go lower.  If California’s credit rating is slashed, it will be very expensive for them to borrow the money that they desperately need.  Once upon a time, the state of California was the poster child for the American Dream, but now it is on the leading edge of America’s rapidly unfolding economic nightmare. (Read More...)

16 Signs That The Rich Are Getting Richer And The Poor Are Getting Poorer

Never before in American history has so much wealth been concentrated in the hands of so few.  Once upon a time, children throughout the United States were taught that America was the land of opportunity where anyone can make it if they work really hard.  But today the system is designed so that wealth flows into the pockets of the rich as the rest of us struggle feverishly to stay above water.  The once great middle class that did so much to define America as a nation is slowly being squeezed out of existence.  For tens of millions of ordinary Americans, the American Dream is rapidly becoming the American Nightmare.  The labor of blue collar workers was once the engine that built the United States into an economic powerhouse, but today many of those workers have been replaced by robots and computers, or their jobs have been shipped overseas by greedy corporate executives.  Those who are in a position to exploit advances in technology and third world labor pools are becoming exceedingly wealthy, while the rest of us are left wondering why it seems as though we are working harder and harder for less and less.  The sad truth is that the rich are getting richer and the poor are getting poorer.  A very small percentage of Americans are sitting on massive piles of cash while an increasing number of Americans are having to rely on government handouts just to survive.  So is this a good thing for America? (Read More...)

American Deadbeats

Is the current economic crisis creating a generation of American deadbeats?  Once upon a time in America, we were taught that no matter how much financial trouble we get in we pay our debts – no matter what.  But now that has fundamentally changed.  Today, record numbers of Americans are filing for bankruptcy and a new term had to be invented (“strategic defaults”) to describe the large number of people who are making “business decisions” to walk away from underwater mortgages.  Meanwhile, many of these same individuals who are walking away from their debts are spending big money on cruises, vacations and new cars – as if they were still entitled to all of the good things that come with living the American Dream.  Below you will read some incredibly disgusting examples of this.  It is as if a whole generation of Americans has decided that “financial responsibility” is a problem that they don’t care to be bothered with.  But what is it going to do to the U.S. financial system if we can no longer count on people to honor their debts? (Read More...)