16 Shocking Facts About The Student Loan Debt Bubble And The Great College Education Scam

As you read this, there are over 18 million students enrolled at the nearly 5,000 colleges and universities currently in operation across the United States.  Many of these institutions of higher learning are now charging $20,000, $30,000 or even $40,000 a year for tuition and fees.  That does not even count living expenses.  Today it is 400% more expensive to go to college in the United States than it was just 30 years ago.  Most of these 18 million students have been told over and over that a “higher education” is the key to getting a good job and living the American Dream.  They have been told not to worry about how much it costs and that there is plenty of financial aid (mostly made up of loans) available.  Now our economy is facing the biggest student loan debt bubble in the history of the world, and when our new college graduates enter the “real world” they are finding out that the good jobs they were promised are very few and far between.  As millions of Americans wake up and start realizing that the tens of thousands of dollars that they have poured into their college educations was mostly a waste, will the great college education scam finally be exposed? (Read More...)

9 Reasons Why The START Treaty Must Be Stopped

As the U.S. military continues to waste an enormous amount of energy and resources patrolling the streets of Iraqi cities and digging goat herders out of the caves of Afghanistan, a very real threat to the national security of the United States is developing and very few people even seem concerned about it.  It is called the START Treaty, and Barack Obama is desperately trying to ramrod it through the lame duck session of Congress.  Barack Obama and Russian President Dmitry Medvedev agreed to the terms of the treaty back in April, and two-thirds of the U.S. Senate must vote for it in order for the treaty to become law.  So what is so bad about the treaty?  Well, for starters, it almost totally defangs the U.S. strategic nuclear arsenal that has protected us for the past six decades, it puts serious restrictions on the ability of the United States to develop any kind of missile defense and it puts the U.S. military at a very significant strategic disadvantage. (Read More...)

Will The Obama Tax Cut Deal Save The Economy? NO!!

All over Washington D.C., top Republicans and Obama administration officials are running around declaring that the tax cut deal that was just passed will save the U.S. economy. But is this even partially true? Of course not! Mostly, what the “tax cut deal” does is keep tax rates exactly where they already are. Now, many of us are extremely thankful that we will not be paying higher taxes, but the truth is that if these tax cuts were going to “save the economy” they would already be saving it. Yes, this tax cut deal will provide a minor short-term stimulus to the economy, but it will also add $858 billion (some say closer to $1 trillion) to the projected federal budget deficits over the next two years. You see, this tax cut deal contained “all candy and no spinach”. In other words, the tax cuts were not accompanied by corresponding spending cuts, and that is going to lead to big trouble in the long run. (Read More...)

Buying Gold: Why Are The Chinese Gobbling Up Gold Like There Is No Tomorrow?

Why are the Chinese buying so much gold?  In 2010 it has been demand out of China that has been one of the primary factors for the dramatic rise in the price of gold.  Gold is up approximately 26 percent this year, and most analysts expect it to go even higher in 2011.  So is China buying gold at a breathtaking pace because they view it as a good investment, or are there other factors at work here?  Do the Chinese view gold as a hedge against inflation?  Is China seeking to get out of U.S. Treasuries?  Has gold simply become much more attractive than paper currencies such as the euro and the U.S. dollar?  Or could China be preparing for the coming financial collapse that so many economists see coming?  It is always difficult to tell exactly what China is up to, but one thing is for sure – they are buying gold like there is no tomorrow. (Read More...)

Desperation Sets In: More Than 100,000 People Apply For Low Paying Flight Attendant Positions With Delta Air Lines

All across America, job seekers are becoming increasingly desperate.  Today, unemployed Americans often find themselves competing against hundreds or even thousands of other job applicants for the same position.  An absolutely stunning example of this happened recently when more than 100,000 people applied for just 1,000 open flight attendant positions with Delta Air Lines.  The starting salary for these positions is only “in the upper $20,000s”, and serving peanuts and sodas to cranky passengers can get really old really fast.  But this just shows how desperate people are becoming.  For many unemployed Americans, any job is a good job at this point.  Right now there are approximately 5 unemployed Americans for every single job opening, and 6 million Americans have been out of work for 6 months or longer.  When you get that many unemployed people fighting over so few positions the desperation in the air becomes almost palpable. (Read More...)

16 Nightmarish Economic Trends To Watch Carefully In 2011

If you only watch the “economic pundits” on television, it can be very confusing to figure out exactly what is happening with the U.S. economy.  One pundit will pull out a couple statistics that got a little bit better over the past month and claim that we have entered a time of solid recovery.  Another pundit will pull out a couple statistics that got a little worse over the past month and claim that we are headed for trouble.  So what is the truth?  Well, if you really want to get a clear idea of what is really going on you have to look at the long-term trends.  There are some economic trends which just keep getting worse year after year after year, and it is those trends that tell the real story of the decline of our economic system. (Read More...)

The New American Dream: Sprawling Tent Cities Filled With Tents Made In China

What would you do if you had your job suddenly ripped away from you and you ended up losing your home?  Well, that is exactly what hundreds of thousands of families across America have found themselves facing during this economic downturn.  So what would you do?  Would you move in with relatives?  Would you join the ranks of those living in the tent cities that are popping up all over the nation?  Would you live in a van down by the river?  The truth is that with each passing month even more Americans find themselves pushed to the brink of absolute desperation.  For many of our fellow citizens, the American Dream has been reduced to finding some way to keep the rain off of them each night and finding someone who will be kind enough to give them some food during the day. (Read More...)

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