Global Inequality Explodes: 26 Ultra-Wealthy Billionaires Now Have As Much Money As The Poorest 3.8 Billion People

If you add together all of the money owned by the poorest 3.8 billion people living on this planet, it would roughly equal the wealth controlled by the 26 wealthiest men in the world.  Oxfam has just issued a brand new report on global inequality, and what they have discovered is making headlines all over the globe.  The rich just keep getting richer, and meanwhile the slice of the pie owned by the poor just keeps getting smaller.  Today, almost half the world lives on less than $5.50 a day, and approximately 795 million people “do not have enough food”.  And even in a “wealthy country” like the United States, the gap between the rich and the poor is the largest that it has been since the 1920s, and more than half a million Americans are homeless right now.  This growing inequality is a ticking time bomb, and at some point it is going to explode. (Read More...)

America Is Rapidly Bleeding Wealth And Jobs: 28 Statistics About The Gutting Of The U.S. Economy That Will Blow Your Mind

Red alert! Over 40 billion dollars of America’s national wealth is being shipped out of the country every single month.  Our economy is being gutted and we are bleeding wealth and we are bleeding jobs.  This is a distress call.  Is anyone listening?  Thousands of our factories and millions of our jobs are being shipped overseas.  Over the past decade over 6 trillion dollars have been transferred into the hands of foreigners.  Our national government is so broke that they constantly have to go and beg those foreigners to lend us back some of that money in order to finance our exploding debt. The number of good jobs continues to decline and there are millions upon millions of my countrymen that are unemployed.  Can anybody help us? Mayday! Mayday! Mayday! (Read More...)

21 Signs Of Impending Doom For The 2011 Economy

If you are not aware of how rapidly the global economic situation is unraveling you need to snap out of it and start paying attention.  The world economy was relatively stable in 2010, but here in 2011 things are deteriorating very quickly.  Right now there is major civil unrest in at least a dozen different nations in Africa and the Middle East.  The civil war going on in Libya has sent the price of oil skyrocketing and the protests that are scheduled to begin in Saudi Arabia later this month could send oil prices even higher.  Meanwhile, the sovereign debt crisis in Europe just seems to get worse by the day.  Several nations in Europe are suddenly finding that it has become extremely expensive to finance more debt.  It appears that it will only be a matter of time before more bailouts are needed.  Meanwhile, the United States is also covered in a sea of red ink and the economic situation in the largest economy on earth continues to deteriorate rapidly.  It is as if the entire world financial system has caught a virus that it just can’t shake, and now it looks like another massive wave of financial disaster could be about to strike.  Does the global economy have enough strength to weather a major oil crisis in 2011?  How much debt can the largest nations in North America and Europe take on before the entire system collapses under the weight?  Will 2011 be a repeat of 2008 or are we going to be able to get through the rest of the year okay?  Only time will tell. (Read More...)

40 Percent Of Egyptians Live On 2 Dollars A Day Or Less And The Global Elite Like It That Way

After thousands of years of “progress” and “societal evolution”, how is it possible that most of the world is still living in soul crushing poverty?  In recent days, it has been reported all over the media that 40 percent of Egyptians live on 2 dollars a day or less.  Sadly, there are lots of other countries where even larger percentages of the population live in abject poverty.  So how in the world did this happen?  We can send men into space, we can send electronic communications to the other side of the globe in an instant and we can destroy entire cities with a single bomb and yet we can’t figure out how to set up an economic system that will provide jobs, food and housing for everyone on the planet?  That doesn’t seem right.  That doesn’t seem right at all. (Read More...)

10 Things That The Egypt Riots Can Teach Us About What Happens When Society Breaks Down

The rioting in Egypt is perhaps the biggest single news story so far in 2011.  The pace at which Egyptian society has been transformed over the past week has been absolutely breathtaking.  A few months ago, nobody would have ever dreamed that there would be huge riots in the streets of major Egyptian cities calling for the resignation of Hosni Mubarak.  But it has happened, and now Egypt will never be the same again.  So what does the future hold for Egypt?  Well, many are hopeful that this revolution will bring about a better government in Egypt and a better way of life for average Egyptians.  Personally, I am not nearly so optimistic.  In fact, I believe that there is a great danger that an even more repressive government could take the place of the current regime.  But in any event, there are important lessons that the Egypt riots can teach all of us about what happens when society breaks down.  Societal collapse is often a very messy, very violent affair.  Someday if the global economy completely implodes, we may see economic riots erupt all over the world (including inside the United States) and we all need to get prepared for that. (Read More...)