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...)
Bye Bye American Pie: 10 Reasons Why America’s Economic Pie Is Rapidly Shrinking
All over the mainstream media today, the wealthy are being pitted against the poor. Those advocating for the wealthy claim that if we could just cut the taxes for the rich and make things easier for them that they will create lots of jobs for the rest of us. Those advocating for the poor claim that the gap between the rich and the poor is now larger than ever and that if we could just get the workers to fight for their rights that we could get things back to how they used to be. It is a very interesting debate, but it totally ignores a reality that is even more important. America’s economic pie is rapidly shrinking. As part of the new globalist economy, every single month massive amounts of U.S. wealth is being transferred out of the United States and into foreign hands in exchange for oil and cheap plastic trinkets. In addition, every single month our national government goes into more debt, our state governments go into more debt and our local governments go into more debt. The interest on all of this debt represents a tremendous transfer of wealth. What most Americans fail to grasp is that our collective wealth is getting smaller. There is now less of an “economic pie” for all of us to divide up. (Read More...)
16 Shocking Facts About The Student Loan Debt Bubble And The Great College Education Scam
As you read this, there are over 18 million students enrolled at the nearly 5,000 colleges and universities currently in operation across the United States. Many of these institutions of higher learning are now charging $20,000, $30,000 or even $40,000 a year for tuition and fees. That does not even count living expenses. Today it is 400% more expensive to go to college in the United States than it was just 30 years ago. Most of these 18 million students have been told over and over that a “higher education” is the key to getting a good job and living the American Dream. They have been told not to worry about how much it costs and that there is plenty of financial aid (mostly made up of loans) available. Now our economy is facing the biggest student loan debt bubble in the history of the world, and when our new college graduates enter the “real world” they are finding out that the good jobs they were promised are very few and far between. As millions of Americans wake up and start realizing that the tens of thousands of dollars that they have poured into their college educations was mostly a waste, will the great college education scam finally be exposed? (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...)