The Coming Collapse Of The U.S. Dollar

As the U.S. media trumpets the arrival of a great “economic recovery”, the vast majority of the American people are completely unaware that the entire U.S. financial system is caught in a hopeless death spiral.  The cold, hard reality is that any temporary “green shoots” that we are seeing in the economy are there not because our politicians have figured out a way to deal with the financial problems of the United States.  No, the “green shoots” are there because our politicians have flooded our economy with a whole bunch more debt.  Debt will stimulate an economy for a little while, but the truth is that any new debt just makes our long-term economic problems even worse.  But now we are caught in a never ending cycle of debt, and there is no hope that we will ever be able to pay if off.  Most Americans do not understand economics, but if they did, they would realize that the American Dream is literally being destroyed right in front of their eyes.  Not only have we squandered the vast amounts of wealth that our forefathers left us, we have also piled up the biggest mountain of debt in the history of the world.  We have created an economic nightmare from which there is no escape.  Our children and our grandchildren will be trapped in it for their entire lives.  What we have done to future generations of Americans is absolutely criminal. (Read More...)

Generation Y: The Broke Generation

No group in America has been hit harder during the current recession than young adults.  Millions of Americans are graduating from college with virtually no money, lots of debt and with very dim employment prospects.  Those who don’t go to college are even worse off.  All their lives these young Americans were taught if they studied hard, got an education and worked within the system that good jobs and the American Dream would be waiting for them.  But now millions of them are realizing that all of their studying and hard work is not providing them with the rewards that they always thought they would get.  This is causing large numbers of young American adults to become depressed and disillusioned.  In fact, record numbers of them are moving back in with their parents.  But without decent jobs, what are they supposed to do?   (Read More...)

The Foreclosure Crisis

Those who believe that the U.S. real estate crash is over are delusional.  The truth is that all the numbers point to the foreclosure crisis getting worse – not better.  Many of the talking heads on the major news shows want to make the American people feel better about the real estate market and are projecting that things will soon turn around, but a cold, hard look at the statistics tells an entirely different story.  Foreclosures are increasing and there is every indication that they will continue to increase.  According to RealtyTrac, initial foreclosure filings were reported on 367,056 properties in March, an increase of almost 19 percent from the previous month.  It was also the highest monthly total since RealtyTrac began issuing its report on initial foreclosure filings in January 2005. (Read More...)

11 Examples Of How Insanely Corrupt The U.S. Financial System Has Become

If you ask most Americans, they will agree that the financial system is corrupt.  It is generally assumed that just like most politicians, most big bankers are corrupt by nature.  But the truth is that the vast majority of Americans have no idea just how corrupt the U.S. financial system has become.  The reality is that the American Dream is literally being stolen from millions of Americans right out from under their noses and they don’t even realize it.  The corruption on Wall Street has become so deep and so vast that it is hard to even find the words to describe it.  The level of greed being displayed by many Wall Street firms would make Gordon Gecko blush.  It seems that the major financial players will try just about anything these days – as long as they think they can get away with it.  But in the process they are contributing to the destruction of the greatest economic machine that the planet has ever seen.    (Read More...)

Hold On – Interest Rates Are Going To Increase During The Second Half Of 2010 And Into 2011

Interest rates have nowhere to go but up.  Interest rates will rise during the second half of 2010, and they will continue to rise during 2011.  This is going to cause a lot of pain for the U.S. economy and for American consumers.  Unfortunately, this is not just the opinion of a handful of half-baked Internet nutjobs.  This is the assessment of the New York Times and of the highly respected economists that they interviewed.  It seems that virtually everyone in the financial community agrees that it is inevitable that interest rates are going to rise.  And that is really bad news for the U.S. economy. (Read More...)