Search Results for: Obama Care

20 Quotes About The Economic Collapse In Europe That Will Make Your Hair Stand On End

Most Americans have been paying very little attention to it, but right now Europe is desperately fighting to avoid a complete financial and economic collapse.  As the euro continues to fall precipitously, European leaders are openly declaring that this is the biggest financial crisis that Europe has experienced since at least World War II.  So exactly what is causing all this?  Well, just like the United States, countries throughout Europe responded to the economic crisis of the last several years by spending a ton of money.  The problem is that quite a few of these European nations got into debt way over their heads.  In particular, Greece, Spain, Portugal, Ireland and Italy are literally drowning in debt.  There is a very real possibility that several of them may soon default on their debts.  If that happens it could set off a financial shockwave that could encircle the entire world.  Because of the interconnectedness of the global economy, a financial meltdown in Europe would have a dramatic impact on the U.S. economy.  In fact, the continued ability of millions of Americans to enjoy the American Dream is dependent on events that are currently playing out in Europe.  Most Americans completely do not understand this, but it doesn’t make it any less true.  If Europe’s economy goes down hard, the already very fragile U.S. economy will be crushed as well. (Read More...)

50 Statistics About The U.S. Economy That Are Almost Too Crazy To Believe

Most Americans know that the U.S. economy is in bad shape, but what most Americans don’t know is how truly desperate the financial situation of the United States really is.  The truth is that what we are experiencing is not simply a “downturn” or a “recession”.  What we are witnessing is the beginning of the end for the greatest economic machine that the world has ever seen.  Our greed and our debt are literally eating our economy alive.  Total government, corporate and personal debt has now reached 360 percent of GDP, which is far higher than it ever reached during the Great Depression era.  We have nearly totally dismantled our once colossal manufacturing base, we have shipped millions upon millions of middle class jobs overseas, we have lived far beyond our means for decades and we have created the biggest debt bubble in the history of the world.  A great day of financial reckoning is fast approaching, and the vast majority of Americans are totally oblivious. (Read More...)

11 Points Of Comparison Between Life In The United States And Life Under Hitler From A Woman Who Has Experienced Both

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...)

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...)

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...)

14 Pieces Of Really Bad News For The U.S. Economy

Federal Reserve Governor Kevin Warsh told an audience on Friday that the U.S. economy is in the midst of a cyclical recovery and that there are “encouraging” signs of improvement in financial markets.  Many other governmental and media talking heads have uttered similar pronouncements about a “recovery” which will put the U.S. economy back on track.  But are we really experiencing a recovery?  If so, then why are foreclosures still hitting record levels?  Why is unemployment so high?  Why are so many cities and states on the verge of bankruptcy?  Why are so many average Americans hurting so much?  The truth is that what we are experiencing now is a period of stabilization before the “second dip” of the double-dip recession so many economists have been talking about hits.  What the U.S. economy is actually in the midst of is a complete and total structural failure.  The American Dream is going to permanently die for millions of American families.  Millions more are going to lose their jobs and millions more are going to lose their homes.  This is what we get for piling up the biggest mountain of debt in the history of the world and outsourcing much of our manufacturing and industry to places like China and India.  Now we are an aging, bloated dinosaur trying to survive on a service economy and the biggest debt bubble of all time. (Read More...)