|
|
 Did you know that the United States military is now bombing 6 different countries? U.S. aircraft are conducting air strikes in Afghanistan, Iraq, Pakistan, Libya, Yemen and now Somalia. There is a U.S. military base in over half of the countries on the planet and U.S. military spending is over 7 times larger than the military spending of any other nation on earth. Yes, the United States will always need a strong military. But with our national debt exploding at an exponential rate, can the United States really afford to continue to be the police of the world? (Read More.....)
 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.....)
 A new television ad about the U.S. national debt produced by Citizens Against Government Waste has been deemed "too controversial" by major networks including ABC, A&E and The History Channel and will not be shown on those channels. The commercial is a homage to a 1986 ad that was entitled "The Deficit Trials" that was also banned by the major networks. Apparently telling the truth about the national debt is a little too "hot" for the major networks to handle. But perhaps it is time to tell the American people the truth. In 1986, the U.S. national debt was around 2 trillion dollars. Today, it is rapidly approaching 14 trillion dollars. The American Dream is being ripped apart right in front of our eyes, but apparently some of the major networks don't want the American people to really understand what is going on. (Read More.....)
 As the world watches in horror as the financial nightmares in Greece, Spain and Portugal unfold, most Americans are oblivious to the fact that a great day of financial reckoning is soon coming to the United States as well. The truth is that the United States is not "the richest nation in the world" anymore. What the United States actually has become is the biggest debtor in the history of the planet. In our lust for the "good life" and the American Dream we have spent ourselves into a financial black hole from which there is no escape. U.S. government spending has been wildly out of control for decades, but over recent months Obama, Pelosi, Reid and their cohorts have taken things to an entirely new level. Certainly it cannot be denied that the Bush administration badly mismanaged America's national finances, but budget deficits during his administration were generally in the three to five hundred billion dollar range. (Read More.....)
 Most Americans know that the U.S. economy is in bad shape, but what most Americans don't know is how truly desperate the financial situation of the United States really is. The truth is that what we are experiencing is not simply a "downturn" or a "recession". What we are witnessing is the beginning of the end for the greatest economic machine that the world has ever seen. Our greed and our debt are literally eating our economy alive. Total government, corporate and personal debt has now reached 360 percent of GDP, which is far higher than it ever reached during the Great Depression era. We have nearly totally dismantled our once colossal manufacturing base, we have shipped millions upon millions of middle class jobs overseas, we have lived far beyond our means for decades and we have created the biggest debt bubble in the history of the world. A great day of financial reckoning is fast approaching, and the vast majority of Americans are totally oblivious. (Read More.....)
 This is the time of year when hundreds of thousands of young Americans graduate from institutions of higher learning all across the United States. This horde of fresh-faced young Americans is full of knowledge and ambition and is ready to get good jobs and start living the American Dream. But there is only one problem. There are not nearly enough good jobs for them. In fact, there have not been nearly enough good jobs for college graduates for a number of years. As a result, record numbers of college graduates are moving back in with mommy and daddy and are taking jobs as Wal-Mart greeters, Chinese food delivery people and video store clerks. But it is tough to blame them when the job openings simply are not there. It is hard to describe how depressing it can be for a young person to send out dozens of resumes day after day and not receive a single positive response. The reality is that the real world is a lot different from the safe environment of college. In fact, 2010 college graduates are finding out that the real world can be downright cruel. (Read More.....)
|
|
