Search Results for: KI

In 2011 The Baby Boomers Start To Turn 65: 16 Statistics About The Coming Retirement Crisis That Will Drop Your Jaw

Do you hear that rumble in the distance?  That is the Baby Boomers – they are getting ready to retire.  On January 1st, 2011 the very first Baby Boomers turn 65.  Millions upon millions of them are rushing towards retirement age and they have been promised that the rest of us are going to take care of them.  Only there is a huge problem.  We don’t have the money.  It simply isn’t there.  But the millions of Baby Boomers getting ready to retire are counting on that money to be there.  This all comes at a really bad time for a federal government that is already flat broke and for a national economy that is already teetering on the brink of disaster. (Read More...)

Will 2011 Be A Nightmarish Year For The U.S. Housing Market?

As we come to the end of 2010, there seems to be very few reasons to be optimistic about the U.S. housing market as we enter 2011.  Home prices have fallen for several months in a row, mortgage rates are going up, mortgage delinquencies are increasing again, the mortgage industry is mired in horrific legal problems and the underlying economy is still extremely sluggish.  During 2009 and throughout the first half of 2010 the U.S. housing market experienced a time of stabilization and it looked like the housing industry might recover, but when the tax breaks expired things started to get bad once again.  Now many analysts are publicly using the term “double-dip” when speaking about prospects for the U.S. housing market in 2011. (Read More...)

9 Signs That The Price Of Oil In 2011 Will Soar Well Beyond 100 Dollars A Barrel

Will we see the price of oil rise significantly in 2011?  Unfortunately, that appears to be precisely where we are headed.  Despite stubbornly high unemployment and a very sluggish economy in the United States, the price of oil continues to creep upward.  Part of it can be attributed to the fact that the U.S. dollar and other major currencies are continuing to lose value relative to all commodities, and part of it can be attributed to the continuing rise in the global demand for oil.  But those factors alone do not explain what we are seeing.  Expectations are a very powerful thing, especially for financial markets, and right now there is an overwhelming consensus that oil prices are going to rise in 2011.  The big oil companies, the big oil exporting nations and the big investment banks are nearly all in agreement that a higher price for oil is coming and the speculators smell money and are starting to jump on to the bandwagon. (Read More...)

The Big Business Of Abortion

Abortion has become very big business in the United States.  Since Roe v. Wade was legalized by the U.S. Supreme Court in 1973, tens of millions of babies have been killed in the wombs of their mothers.  In fact, it has been estimated that approximately 50 million babies have been aborted in America since 1973.  It is a national horror that will never be erased.  Most proponents of abortion will tell you that it is all about giving mothers the “right to choose” whether to end the life of their babies or not, but there is actually a lot more to the big business of abortion than just that.  The truth is that abortion in America is also about population control, eugenics, “protecting the environment” and making a ton of money. (Read More...)

9 Reasons Why The START Treaty Must Be Stopped

As the U.S. military continues to waste an enormous amount of energy and resources patrolling the streets of Iraqi cities and digging goat herders out of the caves of Afghanistan, a very real threat to the national security of the United States is developing and very few people even seem concerned about it.  It is called the START Treaty, and Barack Obama is desperately trying to ramrod it through the lame duck session of Congress.  Barack Obama and Russian President Dmitry Medvedev agreed to the terms of the treaty back in April, and two-thirds of the U.S. Senate must vote for it in order for the treaty to become law.  So what is so bad about the treaty?  Well, for starters, it almost totally defangs the U.S. strategic nuclear arsenal that has protected us for the past six decades, it puts serious restrictions on the ability of the United States to develop any kind of missile defense and it puts the U.S. military at a very significant strategic disadvantage. (Read More...)

Will The Obama Tax Cut Deal Save The Economy? NO!!

All over Washington D.C., top Republicans and Obama administration officials are running around declaring that the tax cut deal that was just passed will save the U.S. economy. But is this even partially true? Of course not! Mostly, what the “tax cut deal” does is keep tax rates exactly where they already are. Now, many of us are extremely thankful that we will not be paying higher taxes, but the truth is that if these tax cuts were going to “save the economy” they would already be saving it. Yes, this tax cut deal will provide a minor short-term stimulus to the economy, but it will also add $858 billion (some say closer to $1 trillion) to the projected federal budget deficits over the next two years. You see, this tax cut deal contained “all candy and no spinach”. In other words, the tax cuts were not accompanied by corresponding spending cuts, and that is going to lead to big trouble in the long run. (Read More...)

Buying Gold: Why Are The Chinese Gobbling Up Gold Like There Is No Tomorrow?

Why are the Chinese buying so much gold?  In 2010 it has been demand out of China that has been one of the primary factors for the dramatic rise in the price of gold.  Gold is up approximately 26 percent this year, and most analysts expect it to go even higher in 2011.  So is China buying gold at a breathtaking pace because they view it as a good investment, or are there other factors at work here?  Do the Chinese view gold as a hedge against inflation?  Is China seeking to get out of U.S. Treasuries?  Has gold simply become much more attractive than paper currencies such as the euro and the U.S. dollar?  Or could China be preparing for the coming financial collapse that so many economists see coming?  It is always difficult to tell exactly what China is up to, but one thing is for sure – they are buying gold like there is no tomorrow. (Read More...)

Desperation Sets In: More Than 100,000 People Apply For Low Paying Flight Attendant Positions With Delta Air Lines

All across America, job seekers are becoming increasingly desperate.  Today, unemployed Americans often find themselves competing against hundreds or even thousands of other job applicants for the same position.  An absolutely stunning example of this happened recently when more than 100,000 people applied for just 1,000 open flight attendant positions with Delta Air Lines.  The starting salary for these positions is only “in the upper $20,000s”, and serving peanuts and sodas to cranky passengers can get really old really fast.  But this just shows how desperate people are becoming.  For many unemployed Americans, any job is a good job at this point.  Right now there are approximately 5 unemployed Americans for every single job opening, and 6 million Americans have been out of work for 6 months or longer.  When you get that many unemployed people fighting over so few positions the desperation in the air becomes almost palpable. (Read More...)