Financial Panic Sweeps Europe As The Head Of The IMF Warns Of A “1930s Depression”

Are we on the verge of another Great Depression?  Christian Lagarde, the head of the IMF, said this week that if dramatic action is not taken immediately we could actually see conditions “reminiscent of the 1930s depression” and that no country on earth “will be immune to the crisis”.  Right now, financial panic is sweeping across Europe, but most Americans are not too concerned about it because they simply don’t understand how important the EU is.  The truth is that the EU has a much larger population than the United States does.  The EU has an economy that is nearly as large as the economies of the United States and China combined.  The EU has more Fortune 500 companies that the United States does, and the banking system of Europe is substantially larger than the banking system of the United States.  Anyone out there that believes that a massive financial collapse in Europe would not dramatically affect the rest of the globe is being delusional.  The European debt crisis is one of the biggest stories that we have seen in a long, long time and the coming financial meltdown is going to permanently change the global economy. (Read More...)

China Keeps Slapping America In The Face And America Just Keeps Taking It

If you were playing a game against a dishonest opponent and you allowed that opponent to lie, cheat and steal as much as they wanted to, who do you think would win?  Today, China is absolutely crushing the United States on the global economic stage, but they are hardly playing fair.  They shower their own firms with huge government subsidies, they brazenly steal technology, they publicly violate intellectual property rights, they manipulate currency rates so that foreign firms cannot compete with Chinese prices and they slap ridiculously high tariffs on many classes of foreign goods.  In short, they basically do everything that they can get away with to give themselves a trade advantage.  This predatory behavior has caused an enormous transfer of wealth from the United States to China.  It isn’t as if it is just some sort of an “accident” that we now owe China about a trillion dollars.  The truth is that China just keeps slapping America in the face and America just keeps taking it.  We are like an abused spouse that just keeps coming back for more.  It is disgraceful and it needs to stop. (Read More...)

The Russian Bear Is Back, The Soviet Union Is Being Revived And The Cold War Is Not Over

If you believe that the United States is the “sole superpower” in the world, then you really need to read the rest of this article.  Most Americans have very little idea what is actually going on in the rest of the world and how the global balance of power is shifting.  For example, can you name the country that is the number one oil producer in the world, the number one oil exporter in the world, the number one exporter of natural gas in the world and that also has the second most powerful military in the entire world?  In case you need a hint, it is not Saudi Arabia, it is not China and it is not the United States.  The correct answer is Russia.  The Russian Bear is back in a big way.  Did you know that Russia is rapidly becoming one of the top suppliers of oil to the United States?  Russia has vast natural resources, a national debt that is very low (ratio of publicly held debt to GDP is less than 10%) and an economy that has boomed over the past decade.  Russia is busy flexing its muscles in many different ways.  For example, many are pointing out that the “Eurasian economic union” that Russia is putting together is a significant move in the direction of a revival of the Soviet Union.  Russia is also rapidly modernizing its military and developing very powerful new weapons systems.  Most Americans believe that the Cold War is over and that Russia is a toothless bear that no longer represents a threat.  It is difficult to find words to describe how wrong that assessment of the situation is. (Read More...)

New World Trade Center Tower To Be Made With Glass From China And Steel From Germany

Did you know that the new World Trade Center tower is being constructed with glass from China and steel from Germany?  1 World Trade Center, also known as “The Freedom Tower”, is not just another skyscraper.  It is essentially a national monument.  But that doesn’t mean that we are above awarding construction contracts to the lowest bidder.  The new World Trade Center tower will contain 250 tons of steel from Germany and the lower floors will be surrounded with blast-resistant glass from China.  This is yet another example of how the U.S. economy is being hollowed out.  Once upon a time, the United States produced more steel and glass than anyone else in the world.  But now we are being deindustrialized at a blinding pace.  We have lost tens of thousands of factories and millions of jobs over the past decade.  We are going to have a trade imbalance of about a half a trillion dollars this year.  Meanwhile, our federal, state and local governments are going into massive amounts of debt in order to keep funding government activities at a level that our hollowed out economy simply cannot support any longer. (Read More...)

America Is Rotting While China Is Rising

The American people better wake up while there is still time.  America is literally rotting right in front of our eyes.  Once upon a time, the greatest manufacturing cities in the world were in the United States.  One of the big reasons why the Allies won World War II was because U.S. factories simply pumped out far more stuff than anyone else did.  Our forefathers built this nation into an industrial powerhouse, but now our formerly great manufacturing cities are rusting, rotting and falling to pieces as nations such as China wipe the floor with us on the global economic stage.  It is absolutely depressing to see what is happening to many of our most famous cities.  For example, would you like to buy a house for less than $10,000?  Just move to Baltimore.  Of all the homes that have been sold in the city of Baltimore so far this year, one out of every ten has sold for less than $10,000.  In fact, one home sold for just $10. (Read More...)

China Wants To Construct A 50 Square Mile Self-Sustaining City South Of Boise, Idaho

Thanks to the trillions of dollars that the Chinese have made flooding our shores with cheap products, China is now in a position of tremendous economic power.  So what is China going to do with all of that money?  One thing that they have decided to do is to buy up pieces of the United States and set up “special economic zones” inside our country from which they can continue to extend their economic domination.  One of these “special economic zones” would be just south of Boise, Idaho and the Idaho government is eager to give it to them.  China National Machinery Industry Corporation (Sinomach for short) plans to construct a “technology zone” south of Boise Airport which would ultimately be up to 50 square miles in size.  The Chinese Communist Party is the majority owner of Sinomach, so the 10,000 to 30,000 acre “self-sustaining city” that is being planned would essentially belong to the Chinese government. The planned “self-sustaining city” in Idaho would include manufacturing facilities, warehouses, retail centers and large numbers of homes for Chinese workers.  Basically it would be a slice of communist China dropped right into the middle of the United States. (Read More...)

40 Signs The Chinese Economy Is Beating The Living Daylights Out Of The U.S. Economy

It is time to face the truth.  The Chinese economy is simply beating the living daylights out of the U.S. economy.  Whether you want to call it a rout, a slaughter or a thrashing, the reality is that the Chinese are absolutely embarrassing America on the global economic stage.  At this point, the Chinese are playing economic chess while the Americans are playing economic checkers.  China is poised to blow past the United States and become the largest economy in the world.  Not only that, some economists are projecting that the Chinese economy could be three times larger than the U.S. economy by mid-century.  The age of U.S. economic dominance is ending, and most Americans still don’t even understand what is happening. (Read More...)

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