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Member Of Congress: It’s Easy ‘To Manipulate A Nation Of Naive, Self-Absorbed Sheep’

Sheeple - Photo by Andrew R TesterYou may not believe the incredible things that one member of Congress is saying about the corruption of our political system and the gullibility of the American people.  In a brand new book entitled “The Confessions of Congressman X“, one anonymous member of the U.S. House of Representatives confesses that he hardly ever reads the bills that he votes on, that his main job is to get reelected, and that it is “far easier than you think to manipulate a nation of naive, self-absorbed sheep who crave instant gratification”.  This book is being published by Mill City Press, and it is being billed as “a devastating inside look at the dark side of Congress as revealed by one of its own.”  I don’t know if you would classify this anonymous member of Congress as “brave” since he does not wish to reveal his identity, but the things that he is admitting confirm suspicions that many of us have had for a very long time.  Just check out a few of the most important quotes from his book… (Read More...)

Housing Crash?: U.S. Existing Home Sales Fall By The Most In Six Years

Home For Sale - Public DomainWe just got more evidence that a major economic slowdown is underway here in the United States.  Existing home sales were down a whopping 7.1 percent during the month of February, and this represented the biggest decline that we have seen in six years.  This is yet another sign that we are in the early stages of a new crisis that is eerily reminiscent of what happened back in 2008.  The truth is that most U.S. consumers are tapped out, and when you are tapped out it is really hard to get a mortgage.  Banks aren’t really fond of lending money to people that can’t pay it back, and in recent years housing prices in many areas have risen to levels that are beyond the reach of most middle class families. (Read More...)

Unless Someone Gets To 1,237 Delegates, The Republican Convention Is Going To Be A Giant Mess

Republican Convention - Photo by William Beutler2016 is turning out to be the strangest election season that we have seen in decades, and it may soon get far stranger.  At this point, most people assume that Donald Trump is going to be the Republican nominee, and without a doubt he has had a tremendous amount of success.  But because most of the states so far have apportioned delegates proportionally, Trump only has 44.8 percent of the delegates that have been awarded up to this point.  So Trump is going to have to do significantly better through the rest of the process in order to get to the magic number of 1,237 delegates, especially since not all of the delegates are awarded through the primaries and caucuses.  As Real Clear Politics has detailed, every state “is awarded so-called ‘RNC delegates,’ who are party officials with automatic credentials to the convention“. (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...)

Suicide Epidemic: Why Does The Number Of People Killing Themselves Just Keep Going Up?

Suicide - Public DomainDid you know that more Americans now die from suicide than are killed in car crashes each year?  According to the CDC, there has been a substantial spike in suicide deaths in the United States in recent years.  Today, approximately 9.3 million Americans admit to having suicidal thoughts, and approximately 2.7 million Americans each year actually make a plan for how they would commit suicide.  We are a deeply, deeply unhappy nation, but of course this phenomenon is not just limited to America.  According to the World Health Organization, suicide is now the third highest cause of death in the entire world.  Globally, suicide rates have soared by 60 percent over the past 45 years, and the WHO is now projecting that by the year 2020 someone will be committing suicide somewhere in the world every 20 seconds. (Read More...)

A Run On The Banks Begins In Italy As Italian Banking Stocks Collapse

Italy Banner - Public DomainThe Italian financial meltdown that we have been waiting for has finally arrived. For quite a long time I have been warning my readers to watch Italy, and now people are starting to understand why. Italian banking stocks continued their collapse for a fifth consecutive day on Wednesday, and nervous Italians are beginning to quietly pull large amounts of money out of the banks. In particular, Monte dei Paschi is a complete and utter basket case at this point. A staggering one-third of their loans are “non-performing”, and the stock price has fallen a staggering 57 percent since 2016 began. Monte dei Paschi is going to need a major bailout, and the same thing could be said about almost all of the largest Italian banks. But where is the money going to come from? (Read More...)

62 Members Of The Elite Have As Much Money As The Poorest 3.6 Billion People On The Entire Planet

Dark Planet - Public DomainDid you know that the top 1% has more wealth than the rest of the planet combined? And just 62 ultra-wealthy members of the elite have as much money as the poorest 3.5 billion people on the entire planet. These brand new numbers come from a shocking report that was just put out by Oxfam, and they show that income inequality continues to grow at a very rapid pace all over the world. As you will see below, the total wealth of the poorest half of the global population has plunged by 41 percent since 2010 while the wealth of the elite has continued to surge upward. The debt-based financial system that now has the entire planet in its grip funnels wealth to the very top, and the global elite are more than happy to hoard as much of it as they possibly can. (Read More...)

100 Year Old Christmas List From A 7 Year Old Boy Shows How Materialistic Our Society Has Become

100 Year Old Christmas List - Homer MellenIf there were no presents at all, would you still want to celebrate Christmas? 100 years ago, a little seven-year-old boy named Homer Mellen sent Santa Claus a letter asking for “a box of paints, also a nine cent reader, and a school bag to put them in.” And he added that if Santa happened to have “any nuts, or candy, or toys to spare” that he would love to have some. My, how times have changed. Today, nearly all of us expect to be showered with presents on Christmas morning, and then almost immediately people begin posting photos of their “Christmas loot” on social media websites such as Facebook. And as you will see below, the “Rich Kids of Instagram” have taken boasting about wealth to an extreme that nobody has ever seen before. Our society has become deeply, deeply materialistic, and whatever “meaning” Christmas once may have had has become almost completely lost at this point. (Read More...)

Debt Slaves: 7 Out Of 10 Americans Believe That Debt ‘Is A Necessity In Their Lives’

Debt Slave Debt Slavery Debt Bondage Debt Chains - Public DomainCould you live without debt?  Most Americans say that they cannot.  According to a brand new Pew survey, approximately 7 out of every 10 Americans believe that “debt is a necessity in their lives”, and approximately 8 out of every 10 Americans actually have debt right now.  Most of us like to think that “someday” we will get out of the hole and quit being debt slaves, but very few of us ever actually accomplish this.  That is because the entire system is designed to trap us in debt before we even get out into the “real world” and keep us in debt until we die.  Sadly, most Americans don’t even realize what is being done to them. (Read More...)