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 Dangerous Myth Of Overpopulation
Today, there is a growing belief that many of the world’s problems are directly related to overpopulation. Whether it is world hunger, the lack of fresh water, the damage we are causing to our environment, or “climate change”, those who believe in the myth of overpopulation have no hesitation blaming all of those problems on the “fact” that there are way too many people in the world. What is even more frightening are the solutions that many of those people who believe that the world is overpopulated are proposing. The solutions they propose include more abortion and “family planning” services, “one child” policies and mass sterilizations. In fact, there are even some in the radical environmental movement that insist that we need to get rid of 80 to 90 percent of humanity in order to “save” the environment. (Read More...)
5113 Warheads And Falling – America’s Rapidly Shrinking Nuclear Arsenal
Most Americans believe that the massive nuclear arsenal that the U.S. military accumulated during the Cold War is still sitting there today – silently protecting them as they pursue the American Dream. But that is NOT the case. In fact, the United States currently only has a small fraction of the nuclear warheads that it did during the 1960s and the 1970s, and Barack Obama wants to make further substantial cuts. If you are an American, what you are about to read should seriously upset you. The weapons that have protected our freedom since the end of World War II are rapidly being dismantled at a time when the geopolitical situation around the world is becoming increasingly unstable. Iran is feverishly working on developing nuclear weapons, North Korea already has them and it is only a matter of time until terrorists get their hands on some, and yet Barack Obama keeps insisting that radical nuclear disarmament is a great idea and nobody out there (including the Republicans) is putting up much of an objection. (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...)
Why Arizona Got It Exactly Right
The state of Arizona is taking a ton of heat for the anti-illegal immigration law that they just passed. Barack Obama is outraged and is directing his administration to look for ways to challenge the law. The government of Mexico has issued a travel advisory for the entire state of Arizona. Latino groups are promising unprecedented turnouts for the upcoming May Day protest marches. There has even been graffiti popping up in Phoenix that is threatening to “burn this racist city” among other things. But you know what? The state of Arizona got it exactly right. This is not about stopping legal immigrants who want to come in the “front door” and pursue the American Dream legally. America will always need that kind of immigration. No, this is about stopping the never-ending wave of serial criminals, gang members, drug dealers and economic parasites that have been endlessly parading unchecked into Arizona. If the federal government was not going to act, then the state of Arizona had to. Now other nearby states are studying Arizona’s new law and are considering implementing similar measures themselves. (Read More...)
Is It Fair For The U.S. Government To Give Money To Some People (But Not To Others) To Help Them Pay Their Mortgages?
Millions upon millions of Americans are struggling with paying their bloated mortgages right now. So is it fair for the U.S. government to be giving money to some people (but not to others) to help them pay their mortgages? Well, it turns out that U.S. citizens in 10 states will soon be receiving money as part of a $2.1 billion federal program to help distressed homeowners pay their mortgages. But is this fair? Why will only citizens in 10 states by getting funds? What about the other 40 states? Well, the money for this mortgage relief program is going to come from a special fund within the Troubled Asset Relief Program (TARP) known as the “Housing Finance Agency Innovation Fund for the Hardest Hit Housing Markets”. In other words, people in the areas where housing prices have fallen the most are going to get help living the American Dream, and everyone else is out of luck. (Read More...)