Debt Insanity: Does Anyone In Washington Even Care That We Are 20 Trillion Dollars In Debt?

There has been a tremendous amount of talk about the spending deal that was just reached in Congress. Most of the focus has been on who “won” and who “lost” politically, and if you have been keeping up with my articles you definitely know my opinion on the matter. But what nobody is really talking about is that this deal actually increases spending at a time when our debt has been absolutely exploding. We added more than a trillion dollars a year to the U.S. national debt during Obama’s eight years in the White House, and our debt binge actually accelerated toward the end of his second term. In fact, the national debt increased by more than 1.4 trillion dollars during fiscal 2016(Read More...)

Top Adviser To The Chinese Government Calls For A “Global Currency” To Replace The U.S. Dollar

One WorldThe former chief economist at the World Bank, Justin Yifu Lin, is advising the Chinese government that the time has come for a single global currency.  Lin, who is also a professor at Peking University, says that the U.S. dollar “is the root cause of global financial and economic crises” and that moving to a “global super-currency” will bring much needed stability to the global financial system.  And considering how recklessly the Federal Reserve has been pumping money into the global financial system and how recklessly the U.S. government has been going into debt, it is hard to argue with his logic.  Why would anyone want to trust the United States to continue to run things after how badly we have abused our position?  The United States has greatly benefited from having the de facto reserve currency of the planet for the past several decades, but now that era is coming to an end.  In fact, the central bank of China has already announced that it will no longer be stockpiling more U.S. dollars.  The rest of the world is getting tired of playing our game.  Our debt is wildly out of control and we are creating money as if there was no tomorrow.  As the rest of the world starts moving away from the U.S. dollar, global power is going to shift even more to the East, and that is going to have very serious consequences for ordinary Americans. (Read More...)

If He Was Around Today, Thomas Jefferson Would Be Considered A Tea Party Extremist

Thomas JeffersonThomas Jefferson was radically anti-tax, pro-gun and anti-central bank.  He loved precious metals, he openly acknowledged a “Creator” and he wanted to add an amendment to the Constitution which would ban the federal government from going into debt.  If he was around today, he would be considered a “nutjob”, an “extremist”, a “fascist” and even a “potential terrorist“.  But of course Jefferson was none of those things.  Rather, Jefferson was a great thinker, the primary author of the Declaration of Independence and our third President.  Below, I have shared a list of 13 famous Jefferson quotes (13 for the 13 colonies that originally founded America) that show just how far America has fallen away from our founding principles.  I think that most of you will be very shocked when you read this list… (Read More...)