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...)

The Television Commercial About The National Debt That Is Being Banned By Major Networks

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...)

Why Is U.S. Government Spending So Wildly Out Of Control?

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...)

50 Statistics About The U.S. Economy That Are Almost Too Crazy To Believe

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...)

Welcome To The Real World 2010 College Graduates – Nobody Wants To Hire You

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...)

Economic Austerity Measures: Bitter Financial Medicine For Nations That Have Been Living Beyond Their Means

Over the past several decades, most of the major industrialized nations have been borrowing and spending unprecedented amounts of money.  This has enabled them to greatly stimulate their economies, and has allowed hundreds of millions of people to live fabulous lifestyles.  But there is a problem when nations try to live beyond their means for decades.  A big problem.  The problem is called debt.  Right now the world is facing a sovereign debt crisis that threatens to throw the entire globe into a very, very deep recession.  In fact, Bank of England Governor Mervyn King recently called this the worst financial crisis in history.  While that might be a bit dramatic (at least at this point), the reality is that the situation in the financial world is becoming very, very serious.  You see, debts have to be paid back eventually.  All over the globe, national governments are trying to deal with debt and interest on debt that has piled up so dramatically that they don’t know what to do about it.  For example, the United States is in a complete mess.  The U.S. national debt is scheduled to soon surpass 13 trillion dollars.  To get an idea of how big that is, if you went out and spent one dollar every single second,  it would take you more than 31,000 years to spend one trillion dollars.  It would take you more than 403,000 years to spend 13 trillion dollars.  Are you starting to get the picture?  This gigantic debt that the U.S. government has accumulated is about to turn the American Dream into the American Nightmare.  It is literally impossible for the United States to ever pay the national debt off, and as it continues to explode it will increasingly become a crushing load that the U.S. economy can simply not support. (Read More...)

The Coming Collapse Of The U.S. Dollar

As the U.S. media trumpets the arrival of a great “economic recovery”, the vast majority of the American people are completely unaware that the entire U.S. financial system is caught in a hopeless death spiral.  The cold, hard reality is that any temporary “green shoots” that we are seeing in the economy are there not because our politicians have figured out a way to deal with the financial problems of the United States.  No, the “green shoots” are there because our politicians have flooded our economy with a whole bunch more debt.  Debt will stimulate an economy for a little while, but the truth is that any new debt just makes our long-term economic problems even worse.  But now we are caught in a never ending cycle of debt, and there is no hope that we will ever be able to pay if off.  Most Americans do not understand economics, but if they did, they would realize that the American Dream is literally being destroyed right in front of their eyes.  Not only have we squandered the vast amounts of wealth that our forefathers left us, we have also piled up the biggest mountain of debt in the history of the world.  We have created an economic nightmare from which there is no escape.  Our children and our grandchildren will be trapped in it for their entire lives.  What we have done to future generations of Americans is absolutely criminal. (Read More...)

14 Pieces Of Really Bad News For The U.S. Economy

Federal Reserve Governor Kevin Warsh told an audience on Friday that the U.S. economy is in the midst of a cyclical recovery and that there are “encouraging” signs of improvement in financial markets.  Many other governmental and media talking heads have uttered similar pronouncements about a “recovery” which will put the U.S. economy back on track.  But are we really experiencing a recovery?  If so, then why are foreclosures still hitting record levels?  Why is unemployment so high?  Why are so many cities and states on the verge of bankruptcy?  Why are so many average Americans hurting so much?  The truth is that what we are experiencing now is a period of stabilization before the “second dip” of the double-dip recession so many economists have been talking about hits.  What the U.S. economy is actually in the midst of is a complete and total structural failure.  The American Dream is going to permanently die for millions of American families.  Millions more are going to lose their jobs and millions more are going to lose their homes.  This is what we get for piling up the biggest mountain of debt in the history of the world and outsourcing much of our manufacturing and industry to places like China and India.  Now we are an aging, bloated dinosaur trying to survive on a service economy and the biggest debt bubble of all time. (Read More...)

11 Examples Of How Insanely Corrupt The U.S. Financial System Has Become

If you ask most Americans, they will agree that the financial system is corrupt.  It is generally assumed that just like most politicians, most big bankers are corrupt by nature.  But the truth is that the vast majority of Americans have no idea just how corrupt the U.S. financial system has become.  The reality is that the American Dream is literally being stolen from millions of Americans right out from under their noses and they don’t even realize it.  The corruption on Wall Street has become so deep and so vast that it is hard to even find the words to describe it.  The level of greed being displayed by many Wall Street firms would make Gordon Gecko blush.  It seems that the major financial players will try just about anything these days – as long as they think they can get away with it.  But in the process they are contributing to the destruction of the greatest economic machine that the planet has ever seen.    (Read More...)