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 If you believe that the United States is the "sole superpower" in the world, then you really need to read the rest of this article. Most Americans have very little idea what is actually going on in the rest of the world and how the global balance of power is shifting. For example, can you name the country that is the number one oil producer in the world, the number one oil exporter in the world, the number one exporter of natural gas in the world and that also has the second most powerful military in the entire world? In case you need a hint, it is not Saudi Arabia, it is not China and it is not the United States. The correct answer is Russia. The Russian Bear is back in a big way. Did you know that Russia is rapidly becoming one of the top suppliers of oil to the United States? Russia has vast natural resources, a national debt that is very low (ratio of publicly held debt to GDP is less than 10%) and an economy that has boomed over the past decade. Russia is busy flexing its muscles in many different ways. For example, many are pointing out that the "Eurasian economic union" that Russia is putting together is a significant move in the direction of a revival of the Soviet Union. Russia is also rapidly modernizing its military and developing very powerful new weapons systems. Most Americans believe that the Cold War is over and that Russia is a toothless bear that no longer represents a threat. It is difficult to find words to describe how wrong that assessment of the situation is. (Read More.....)
 Are the "prophets of doom" right? Is a major war going to erupt in the Middle East? Is the price of oil going to $200 a barrel? Is the price of gold going to hit $2000 at some point over the next two years? Is the Dow going to drop to 5000 by the end of 2012? Right now there are some very respected financial experts that are making some absolutely stunning predictions. Charles Nenner, Gerald Celente and Lindsey Williams are all frequent guests on popular television and radio shows and they are all forecasting very difficult economic times over the next couple of years. So are they right? (Read More.....)
 There is no getting around it. The U.S. dollar is dying. U.S. government debt continues to grow at a very frightening pace and the Federal Reserve is now buying up most of the new debt that is being issued. At this point there is simply not enough money in the rest of the world to continue to feed the U.S. government's endless thirst for more debt so the Federal Reserve has had to directly intervene in order to keep the Ponzi scheme going. Other nations are rapidly losing faith in the U.S. dollar as they realize that there is simply no way that the U.S. government will be able to service this soaring debt for much longer. Even now we are watching the U.S. dollar rapidly fall against a vast array of hard assets. Virtually all major agricultural commodities have exploded in price over the past year, the price of gold is over $1400 an ounce again and last week U.S. crude oil prices topped $100 a barrel for the first time since 2008. Meanwhile, the Federal Reserve continues to print dollars as if there is no tomorrow and the U.S. government continues to spend dollars as if the party is never going to end. Yes, we are most definitely witnessing the death of the dollar. (Read More.....)
 As insane as it might sound, the United States may soon be getting involved in another war in the Middle East. According to White House spokesman Jay Carney, "no options" have been taken off the table when it comes to the situation in Libya. By saying that "all options" are being considered, that is basically a way for the Obama administration to threaten Gadhafi without actually coming right out and threatening him. In recent days, news reports have been appearing all over the mainstream media hyping the possibility that we may have to take military action in Libya. This would not be happening if the White House did not want it to happen. The truth is that Barack Obama is apparently seriously considering U.S. military action in Libya. At first that would probably consist of air strikes and missile attacks, but if the Obama administration decides that it is going to take ground forces to get the job done then we could eventually see the U.S. military actually invade Libya. But the truth is that any military intervention in Libya would be a really, really bad idea. Is it really wise to stick our young men and women into the middle of an incredibly bloody civil war? Do we want to spill even more American blood in order to protect "U.S. interests"? Do we really want to spend young American lives to keep the price of oil low? The truth is that the world hates us enough already. How much more will they hate us if we decide to start bombing Libya into oblivion? (Read More.....)
 Is the recession over or is the economic downturn just beginning? Barack Obama and the Federal Reserve have been busy proclaiming that the U.S. economy is back on track, but the sad truth is that our economic problems look like they are about to get a whole lot worse. Without oil, our entire economy would shut down cold. Thanks to the chaos in the Middle East, oil is absolutely exploding in price. In fact, the price of oil in the United States went up more than seven dollars today. The global price of food has risen to record levels over the past 12 months and it is projected to continue to rapidly increase throughout all of 2011. This is going to hit struggling families all over the globe very hard. Meanwhile, thousands of manufacturing facilities and millions of good jobs continue to flee the United States. The gap between the wealth that we consume as a nation and the wealth that we produce as a nation continues to grow. We have attempted to fill this gap with asset sales and with massive amounts of debt, but that is a game that cannot last forever. When we come to the end of every single month, we are poorer as a nation and we are deeper in debt as a nation. From "sea to shining sea" we have become a nation that is flooded with red ink. (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.....)
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