Are you against raising the debt ceiling? If so, according to former Bush Treasury Secretary Paul O’Neill you are actually part of al-Qaeda. Yes, seriously. During an interview on Bloomberg TV the other day, O’Neill actually made the following statement: “The people who are threatening not to pass the debt ceiling are our version of al-Qaeda terrorists. Really. They’re really putting our whole society at risk by threatening to round up 50 percent of the members of the Congress, who are looney, who would put our credit at risk.” For a high ranking Bush administration official to equate Tea Party activists with al-Qaeda is extremely frightening. Just remember what the Bush administration did to anyone supposedly associated with al-Qaeda. They shipped them off to Guantanamo Bay and waterboarded them into oblivion. It also shows how out of touch the Bush administration really was with the conservative base of the Republican Party. The Bush administration ran up record setting deficit after record setting deficit and now any conservatives that dare to want some assurances that we are actually going to do something about our rampant debt problem are labeled as “al-Qaeda terrorists”. Of course the Obama administration is essentially doing the exact same thing. The current Treasury Secretary, Timothy Geithner, has been running around frothing at the mouth and declaring that we are going to experience financial armageddon if the debt ceiling is not raised. This whole episode is yet another example that shows what a fraud the false left/right political paradigm in this country really is. (Read More...)
Why Investors Are Buying Silver As If There Is No Tomorrow
The price of silver has been absolutely exploding lately. It has reached heights not seen since the Hunt Brothers attempted to corner the silver market over three decades ago. But this time there are no Hunt Brothers to blame for the stunning rise in the price of silver. So exactly why are investors buying silver as if there is no tomorrow right now? Well, the truth is that there are a lot of reasons. Investors have been flocking to precious metals such as gold and silver as the value of paper currencies has declined. The euro is incredibly weak right now and the U.S. dollar appears to be on the verge of a major collapse. In fact, the entire financial system is highly unstable right now. In such an environment, investors seek some place safe to park their money, and right now gold and silver are seen as safe harbors. But gold and silver have not been going up in price at the same pace. So why is silver outperforming gold so significantly? (Read More...)
Tax The Rich? 14 Facts You May Want To Consider
Class warfare in the United States is heating up again. As the overall economic pie shrinks, the poor are being taught to go after the rich and the rich are being taught that the poor are a threat. Lately, the calls to “tax the rich” have grown louder than ever. As thousands more American families fall into poverty every single day, and as U.S. government debt continues to soar, many are touting higher taxes on the wealthy as the solution to all of our problems. But is that what we really want to do? Will it actually solve our economic and financial problems as a nation? If you don’t have much money, it can sound very appealing when politicians say that they want to “tax the rich”. But unfortunately, things are just not that simple. (Read More...)
10 Examples That Should Convince Anyone That We No Longer Live In The Land Of The Free And The Home Of The Brave
Do you know people that still believe that America is a free country? Do you have friends or family that are proud to live in “the land of the free and the home of the brave”? If you do, just show them this article. The things that you are about to read are enough to make the blood of any red-blooded American boil. We don’t live in a free country anymore. Instead, we live in a “Big Brother” police state control grid that is becoming more restrictive every single day. Most of our politicians seem to be control freaks that are obsessed with running every single little detail of our lives. These days there has to be a “rule” or a “regulation” for everything. The radical social engineers in the Soviet Union, Nazi Germany and communist China never even dared to try some of the things that are going on in America today. We are all being treated little better than cattle and we are all being taught that it is best to just sit in our homes and absorb all of the television “programming” that is being provided for us. Meanwhile, our public schools have become little more than prison grids. Our children are being taught to enjoy living as docile slaves in a world where imagination, liberty, freedom and adventure are all greatly discouraged. (Read More...)
The End Of An Empire And The Beginning Of A Depression
Since the end of World War 2, the United States has been the leading military power and the leading economic power on the entire globe. The U.S. has had the largest economy in the history of the world, the U.S. dollar has been used by nearly all of the nations on earth as a reserve currency and the U.S. military has had a physical presence in most of the countries on the planet. Today, the U.S. military is in approximately 130 different nations and it has a total of about 700 military bases around the world. But just like the Roman Empire, the U.S. empire has become overextended and it is starting to decline. Most of our politicians believe that we can continue to “police the world” and project our power to every corner of the globe, but the more we meddle the more the rest of the world hates us and the worse our financial problems get. America is now swamped with debts and our influence is fading. The truth is that what we are witnessing is the end of an empire and the beginning of a depression. (Read More...)
35 Statistics That Show The Average American Family Has Been Broke Down, Tore Down, Beat Down, Busted And Disgusted By This Economy
The economic statistics that you are about to read are incredibly shocking, but they are also very, very real. Tonight there are going to be millions of men and women all across America that cannot sleep because they are consumed with anxiety about their financial problems. Even as you read this, there are a lot of parents out there that are trying to figure out how to explain to their children why their homes are being taken away. There are also hordes of very hard working Americans that are incredibly frustrated because they have sent out thousands of resumes and yet they can’t seem to get a job interview. Have you ever been at a point where you couldn’t pay the mortgage or put food on the table for your family? It can be an absolutely soul-crushing experience. In fact, there are some cities in the U.S. that have been so utterly devastated by this economy that it seems as though virtually everyone has had the hope sucked right out of them. The mainstream media is trying to convince all of us that we are in an economic recovery, but that is a lie. The truth is that we are in the middle of a long-term economic decline and the greatest economy in the history of the world is dying right in front of our eyes. (Read More...)
Much Of Northern Japan Uninhabitable Due To Nuclear Radiation?
With no resolution to the crisis in sight, the damaged facilities at Fukushima continue to pump massive amounts of nuclear radiation into the surrounding environment every single day. So will much of northern Japan end up being uninhabitable due to nuclear radiation? Everyone agrees that the area immediately around Fukushima will be uninhabitable indefinitely. The only question is how large of an area around Fukushima is eventually going to be considered unlivable. This week authorities in Japan finally raised the crisis at Fukushima up to a level 7 disaster on the international scale. In fact, they are now telling us that the total release of radioactive material will likely surpass that of the Chernobyl disaster. Chernobyl was incredibly nightmarish and there are still vast areas around Chernobyl that are basically uninhabitable. But Chernobyl only burned for 10 days. The crisis at Fukushima could end up lasting for many months. Keep in mind that radiation is cumulative. Every single day the total amount of radioactive material that the world is dealing with because of Fukushima just continues to increase. (Read More...)
25 Shocking Facts That Prove That The Entire U.S. Health Care Industry Has Become One Giant Money Making Scam
What is the appropriate word to use when you find out that the top executive at the third largest health insurance company in America raked in 68.7 million dollars in 2010? How is one supposed to respond when one learns that more than two dozen pharmaceutical companies make over a billion dollars in profits each year? Is it okay to get angry when you discover that over 90 percent of all hospital bills contain “gross overcharges”? Once upon a time, going into the medical profession was seen as a “noble” thing to do. But now the health care industry in the United States has become one giant money making scam and it is completely dominated by health insurance companies, pharmaceutical corporations, lawyers and corporate fatcats. In America today, just one trip to the hospital can cost you tens of thousands of dollars even if you do not stay for a single night. The sad thing is that the vast majority of the money that you pay out for medical care does not even go to your doctor. In fact, large numbers of doctors across the United States are going broke. Rather, it is the “system” that is soaking up almost all of the profits. We have a health care industry in the United States that is fundamentally broken and it needs to be rebuilt from the ground up. (Read More...)