Bye Bye American Pie: 10 Reasons Why America’s Economic Pie Is Rapidly Shrinking

All over the mainstream media today, the wealthy are being pitted against the poor.  Those advocating for the wealthy claim that if we could just cut the taxes for the rich and make things easier for them that they will create lots of jobs for the rest of us.  Those advocating for the poor claim that the gap between the rich and the poor is now larger than ever and that if we could just get the workers to fight for their rights that we could get things back to how they used to be.  It is a very interesting debate, but it totally ignores a reality that is even more important.  America’s economic pie is rapidly shrinking.  As part of the new globalist economy, every single month massive amounts of U.S. wealth is being transferred out of the United States and into foreign hands in exchange for oil and cheap plastic trinkets.  In addition, every single month our national government goes into more debt, our state governments go into more debt and our local governments go into more debt.  The interest on all of this debt represents a tremendous transfer of wealth.  What most Americans fail to grasp is that our collective wealth is getting smaller.  There is now less of an “economic pie” for all of us to divide up. (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...)

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...)