Have you ever heard of Kitty Werthmann? She was a child when Adolf Hitler took control of her beloved country of Austria and stripped away their freedoms, and she is now speaking out about the chillingly similar loss of freedoms that we are currently experiencing in the United States. It is often said that “those who forget history are doomed to repeat it”. So, perhaps we should listen very carefully to what Kitty Werthmann has to say. She has been there. She has lived through it. The truth is that when you do sit down and compare what happened under the Nazi regime and what is happening in the United States today, the parallels are absolutely shocking. The American Dream is not guaranteed for us or for our children. Freedom must be guarded. If not, it will be taken away. In fact, our freedoms are already being stripped away at blinding speed, and once they are gone they are incredibly difficult to get back. (Read More...)
Economic Crisis
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...)
Why Are So Many Horrible Things Happening To America All Of A Sudden?
Once upon a time the United States was a land of abundance and prosperity that was truly blessed from sea to shining sea. Tens of millions of Americans enjoyed living the American Dream in a land filled with happy, healthy and prosperous people. But these days it seems as though there are new stories of tragedy and despair almost daily. Whether it is the massive oil spill in the Gulf of Mexico, or the horrific flooding in Tennessee, or the tornadoes ripping through the Midwest, or the gut-wrenching economic despair in cities like Detroit, it just seems like a whole lot of horrible things are happening to America all at once. So why is all of this hitting the U.S. right now? Why does it seem like there is just about nowhere in the United States right now that is untouched by a major crisis? (Read More...)
Is The Gulf Of Mexico Oil Spill Going To Kill The American Dream For Millions Of Americans?
As BP works feverishly to contain the massive oil spill in the Gulf of Mexico, many are now coming to the realization that this will be the most economically painful environmental disaster in U.S. history. The oil spill in the Gulf is already larger than the entire state of Florida, and it creeps closer to the Gulf Coast with each passing hour. According to official estimates, approximately 5,000 barrels a day are leaking into the Gulf, but outside groups working with satellite-imagery claim that the leak is at least five times that amount. In fact, John Amos, a geologist who heads an environmental group called SkyTruth estimates that the leak is actually 26,500 barrels a day. As oil continues to pour into the Gulf at a frightening pace, large numbers of Americans who depend on the Gulf of Mexico for their economic survival are wondering what is going to happen next. Is the Gulf of Mexico oil spill going to kill the American Dream for millions of Americans? (Read More...)
The Coming Economic Collapse Of Japan – And Why You Should Be Extremely Concerned About It
Most Americans pay very little attention to what is going on in the economies of other nations. But they should. The reality is that in today’s global economy, what is happening on the other side of the world can have a dramatic impact on the U.S. economy. In particular, the ongoing implosion of Japan’s economy should greatly concern us all. Japan is the 3rd biggest economy in the world and is one of America’s most important trading partners. If Japan experiences a total economic collapse it will create a tsunami of financial panic around the globe. In fact, it is likely that a default by the government of Japan would plunge the world into such an economic nightmare that the American Dream would quickly vanish for millions of American families. So just how close is Japan to a financial collapse? Well, Fitch Ratings says that Japan’s gross public debt has reached 201 percent of GDP and is likely to continue to pile up into very dangerous territory for the foreseeable future. It is estimated that this gigantic mountain of debt amounts to 7.5 million yen for every person living in Japan. Needless to say this is extremely troubling. Japan has the highest level of public debt to GDP of any of the industrialized nations. Japan is literally drowing in red ink. Meanwhile, even with all of the massive government spending that has caused all of this debt, Japan’s economy still continues to implode at a frightening pace. Japan’s discouraging battle with deflation dragged into its 13th straight month in March as prices continued to decline and the unemployment rate rose sharply. In fact, the number of unemployed in Japan totalled 3.5 million in March. This represented a 4.5 percent rise from the same period a year ago. (Read More...)
Generation Y: The Broke Generation
No group in America has been hit harder during the current recession than young adults. Millions of Americans are graduating from college with virtually no money, lots of debt and with very dim employment prospects. Those who don’t go to college are even worse off. All their lives these young Americans were taught if they studied hard, got an education and worked within the system that good jobs and the American Dream would be waiting for them. But now millions of them are realizing that all of their studying and hard work is not providing them with the rewards that they always thought they would get. This is causing large numbers of young American adults to become depressed and disillusioned. In fact, record numbers of them are moving back in with their parents. But without decent jobs, what are they supposed to do? (Read More...)
American Deadbeats
Is the current economic crisis creating a generation of American deadbeats? Once upon a time in America, we were taught that no matter how much financial trouble we get in we pay our debts – no matter what. But now that has fundamentally changed. Today, record numbers of Americans are filing for bankruptcy and a new term had to be invented (“strategic defaults”) to describe the large number of people who are making “business decisions” to walk away from underwater mortgages. Meanwhile, many of these same individuals who are walking away from their debts are spending big money on cruises, vacations and new cars – as if they were still entitled to all of the good things that come with living the American Dream. Below you will read some incredibly disgusting examples of this. It is as if a whole generation of Americans has decided that “financial responsibility” is a problem that they don’t care to be bothered with. But what is it going to do to the U.S. financial system if we can no longer count on people to honor their debts? (Read More...)
The Federal Reserve And U.S. Treasury Unveil The New 100 Dollar Bill
The Federal Reserve and the U.S. Treasury have unveiled the new 100 dollar bill which will go into circulation starting on February 10th, 2011. Officials from the U.S. Department of the Treasury, the Federal Reserve System and the United States Secret Service held a press conference in Washington D.C. today to show off the new security features which they hope will reduce the threat of counterfeiting. The 100 dollar bill is the highest denomination of all Federal Reserve notes currently being produced, and circulation of the 100 dollar Federal Reserve note in the past 25 years has grown from $180 billion to approximately $650 billion, so maintaining the integrity of the note is absolutely critical. (Read More...)