There Is An Increasing Amount Of Buzz That China Could Invoke The Rare Earth “Nuclear Option” In The Trade War

If China wants to cause a massive amount of pain for the U.S. economy in this trade war, they certainly have the firepower to do so.  Today, China accounts for more than 80 percent of the world’s rare earth element production, and approximately 80 percent of the rare earth elements that are used by U.S. companies are imported from China.  The U.S. does have one facility that mines rare earth elements in California, but everything that is mined there has to be shipped to China for processing.  So at this point we do not have the ability to supply our own rare earth element needs, and that gives the Chinese a tremendous amount of leverage. (Read More...)

Trade Talks Are Dead, And So U.S. Consumers Should Brace For A Long, Bitter, Painful Trade War With China

There is not going to be a trade deal between the United States and China any time soon, and that is going to mean a tremendous amount of pain for the U.S. economy.  For months, hope that the U.S. and China would soon reach a trade deal helped to elevate global financial markets, but now that hope has disappeared.  In order for a trade deal to happen, the two sides have to talk, and at this point no negotiations are scheduled.  And unless one side or the other decides that they are willing to move dramatically from their current positions, there really isn’t any reason to talk.  In fact, the Chinese government is openly saying that it is in “no rush” to negotiate with the United States… (Read More...)

If The Chinese Were Upset Before, Now They Are Going To Be Absolutely Furious After Trump’s Latest Move

President Trump is doubling down on his tough approach with China, and apparently he has decided that now is the time to cripple their most important tech company.  Huawei Technologies sells more telecommunications equipment than anyone else in the entire world, and it was anticipated that they would be one of the global leaders in the rollout of 5G networks all over the planet.  The company ranks 72nd on the Fortune Global 500 list, and at this point they sell more phones than Apple does.  Essentially, Huawei is China’s version of Apple, and the company is greatly loved by the communist government in China.  So if President Trump really wanted to piss off China, taking a sledgehammer to Huawei would be a great way to do it, and that is precisely what he just did. (Read More...)

The Most Medicated Country In The World: 46% Of Americans Have Taken A Pharmaceutical Drug Within The Last 30 Days

If it seems like about half the country is on drugs, that is because it is actually true.  According to a new survey from the National Center for Health Statistics, almost half of all Americans have taken a pharmaceutical drug within the past 30 days, and that officially makes us “the most medicated country in the world”.  And needless to say, those dealing these drugs are becoming exceedingly wealthy at our expense.  The average American spends $1,200 a year on prescription drugs, but of course many Americans spend far more than that and others spend nothing at all.  In recent years there has been a tremendous backlash against the big pharmaceutical corporations, because many of them have become exceedingly greedy.  As you will see below, prices have been raised on 650 different drugs this year alone.  Once they get their claws into you, the pharmaceutical giants want to get every last penny out of you that they possibly can. (Read More...)

Shocking New Study Finds That 137 Million Americans Suffered “Medical Financial Hardship In The Past Year”

The healthcare system in the United States is deeply broken, and it is causing massive financial pain for millions of American families.  Previously, I have published articles where I talked about how medical bills are the primary factor in two-thirds of all personal bankruptcies in the United States, and that Americans had to borrow a whopping 88 billion dollars last year to cover medical costs.  This is happening even though more than 90 percent of all Americans have some form of health coverage.  Thanks to soaring deductibles and health insurance policies that are absolutely riddled with loopholes, more Americans than ever are being wiped out by medical bills.  And now a brand new study that was conducted by researchers from the American Cancer Society has discovered that 137.1 million Americans suffered “medical financial hardship in the past year”.  The following comes directly from the study(Read More...)

“I Cry When I Think Back How Things Used To Be” – What In the World Has Happened To The America We Grew Up In?

Earlier today, my attention was directed to a thread on an Internet discussion forum that lamented how much America had changed over the years.  I don’t know exactly why, but the posts on that thread really touched me.  Those of us that are old enough to remember what America was like before the Internet grew up in a much simpler time.  Yes, we didn’t have all of the luxuries that we take for granted in 2019, but we found joy in the simple things and people were generally much happier.  Today, we seemingly have so much going for us, and yet people are lonelier, more disconnected and more depressed than ever before.  The suicide rate in the United States is up 34 percent since the year 2000, approximately 40 million American adults have an anxiety disorder, and overdosing on drugs is now the leading cause of death for Americans under the age of 50.  Clearly our society is not heading in the right direction. (Read More...)

The True Size Of The U.S. National Debt, Including Unfunded Liabilities, Is 222 Trillion Dollars

The United States is on a path to financial ruin, and everyone can see what is happening, but nobody can seem to come up with a way to stop it.  According to the U.S. Treasury, the federal government is currently 22 trillion dollars in debt, and that represents the single largest debt in the history of the planet.  Over the past decade, we have been adding to that debt at a rate of about 1.1 trillion dollars a year, and we will add more than a trillion dollars to that total once again this year.  But when you add in our unfunded liabilities, our long-term financial outlook as a nation looks downright apocalyptic.  According to Boston University economics professor Laurence Kotlikoff, the U.S. is currently facing 200 trillion dollars in unfunded liabilities, and when you add that number to our 22 trillion dollar debt, you get a grand total of 222 trillion dollars. (Read More...)

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