47 Statistics That Indicate That Economic Stress Points In 2011 Could Be Setting The Stage For A Global Economic Meltdown In 2012

Is the world approaching a devastating global economic meltdown?  Right now there are a large number of factors that are creating economic stress points all over the globe.  All of the crazy money printing that the Federal Reserve and other central banks have been doing is putting inflationary pressure on agricultural commodities, oil and precious metals.  Massive floods, horrific droughts and extreme weather patterns all over the globe are ruining crops and creating food shortages.  Some nations are now actually hoarding food, and in other nations rising prices have sparked food riots.  The price of oil has been moving back towards $100 a barrel, and if it stays at a high level for an extended period of time that is going to have very serious consequences for the global economy.  In addition, the growing sovereign debt crisis could erupt again at any time.  Half a dozen nations in Europe are on the verge of insolvency, Japan’s national debt is now well over 200 percent of GDP, and the global financial system is growing increasingly concerned about the exploding national debt of the United States.  The truth is that the entire world financial system is a house of cards balanced on a razor’s edge and it could come down at any time. (Read More...)

Uh Oh – The Internet Is About To Run Out Of IP Addresses!

Yes, you read the headline correctly.  The Internet is about to run out of IP addresses.  The Internet Assigned Numbers Authority has scheduled a press conference in Miami on Thursday to announce that they are distributing the last blocks of new Internet addresses.  It is expected that all of those IP addresses will be fully distributed within 6 to 9 months and then there will be no more.  The current IP address system, known as “IPv4”, can only support a little over 4 billion IP addresses and we have now almost reached that limit.  The good news is that a replacement for the current system already exists, but the bad news is the the vast majority of Internet devices around the globe do not speak the “language” of the new system.  This has the potential to create an Internet “headache” of mammoth proportions in the coming years. (Read More...)

What Is Globalization?

What is globalization?  Well, if you ask 100 different Americans you will probably get 100 different answers.  Many people view globalization as harmless or even as a good thing.  Other Americans believe that the United States will never be integrated into a global economic and political system.  Still others view it as a future threat that has not arrived yet.  Those that consider it to be a future threat are concerned that at some point American sovereignty will end and at that point economic and political power will be handed over to a “world government”.  Well, the truth is that all of those points of view are missing the point.  Globalization has been happening for decades and it is already very, very far advanced.  The U.S. government has already surrendered massive amounts of political and economic power to global organizations such as the UN, the WTO, the IMF and the World Bank.  In particular, our economy has been almost entirely merged into the emerging one world economy.  Just because we still have a government in Washington D.C. and just because we are still using U.S. dollars does not mean that we still possess our economic independence.  The truth is that global bureaucrats have a stunning amount of control over our economy right now, and even as you read this most of the consumer products sold in our stores are made on the other side of the world. (Read More...)

Moral Relativism

John Adams, the second president of the United States, once made the following statement: “We have no government armed with power capable of contending with human passions unbridled by morality and religion. Avarice, ambition, revenge, or gallantry, would break the strongest cords of our Constitution as a whale goes through a net. Our Constitution was made only for a religious and moral people. It is wholly inadequate for the government of any other.”  As we promote a return to constitutional principles, perhaps we should also be asking ourselves if the American people are moral enough to uphold and defend our Constitution anymore.  Will a political shift in Washington D.C. solve all of our problems, or should we be looking into our own hearts as well?  As controversial as it may be to question the morality of the American people, the truth is that after all of the shocking things that have transpired in this nation over the last 50 years someone certainly should be willing to ask the hard questions.  It would be hard to deny that moral relativism and moral decay are absolutely rampant in the United States today, and that our moral problems are very much at the heart of many of our problems. (Read More...)

Is Sarah Palin’s Political Career Almost Over?

In the United States today, perhaps only Barack Obama is more of a polarizing political figure than Sarah Palin is.  When it comes to Sarah Palin, the vast majority of Americans seem to either absolutely love her or absolutely hate her.  Unfortunately, the number of Americans that can’t stand her seems to be increasing, and this is really bad news for Palin as she considers making a run for the White House in 2012.  A staggering 59 percent of the respondents to a recent Washington Post/ABC News poll said that they would not even consider voting for Sarah Palin in 2012.  The same poll found that just 8 percent of registered voters said that they would “definitely” vote for Palin and 31 percent of registered voters said that they would possibly consider voting for Palin.  Those are really, really dismal numbers.  Sarah Palin has tried to cast herself as the leader of the Tea Party movement, but right now it is just not working.  In fact, it seems that Palin can’t do much of anything right lately.  At one time Sarah Palin was considered the clear front-runner for the Republican nomination in 2012, but now all that is ancient history. (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...)

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