Just because you were once the most powerful nation on earth does not mean that you will always be the most powerful nation on earth. Every single year, hundreds of billions of dollars leaves the United States and goes to China. This enormous transfer of wealth has had a dramatic effect on both countries. In case you haven’t noticed, many of our formerly great manufacturing cities such as Detroit are rotting away while shining new factories and skyscrapers are going up all over China. If you go into any major retail store today and start turning over products, you will find that hundreds of them have been made in China and that very few of them have been made in America. As a nation, we buy far, far more from China than they buy from us. As a result, China is absolutely swimming in cash and they have been looking for things to do with all that money. One thing that China has done is loan the U.S. government over a trillion dollars and this has given the Chinese a tremendous amount of leverage over us. China has also started to buy up businesses, real estate and natural resources all over America. This kind of “economic colonization” is similar to what China has already been doing in Africa, South America and Australia. The formula is actually very simple. We send them our money and then they use it to buy us. With each passing day China’s ownership over America grows, and it is frightening to think about where all of this could end. (Read More...)
Dollars
America Is Being Transformed From A Wealthy Nation Into A Poor Nation At Breathtaking Speed
America is losing wealth far faster than any other nation on earth is. In fact, since the mid-1970s there has been a transfer of wealth of almost 8 trillion dollars from the United States to the rest of the world. Sadly, most Americans have no idea what is happening. Most of them are completely unaware that America is being transformed from a wealthy nation into a poor nation at breathtaking speed. Most Americans just assume that America will always have the largest economy on earth and will always be the wealthiest nation on the globe. Unfortunately, just because something was true in the past does not mean that it will be true in the future. Right now, the United States is bleeding wealth at a pace that is almost unimaginable. Every single month, tens of billions of dollars of wealth is permanently transferred from the American people to the rest of the world. That means that the overall economic pie is shrinking. While the rich and the poor are busy fighting over the distribution of wealth in this country, the size of the pie that they are dividing up is continually getting smaller. America is poorer than it was last month, and next month it will be even poorer. If this continues, it will result in a complete and total economic nightmare. (Read More...)
Barack Obama: Let’s Steal 150 Million Dollars An Hour From Our Children
Do you think that someone could steal 150 million dollars and get away with it? Well, the truth is that such a theft is taking place every single hour of every single day. The federal government is stealing 150 million dollars an hour from our children and our grandchildren and Barack Obama thinks that is a good thing. The new Obama budget projects a $1.33 trillion federal budget deficit for the 2012 fiscal year. That is significantly higher than the $1.15 trillion that the Congressional Budget Office was projecting because it includes a whole bunch of stimulus spending that the Obama administration plans to do. So let’s do a little math. When you divide $1.33 trillion by 365 days, you get 3.6438356 billion dollars. So on average, the United States will be adding more than 3.6 billion dollars to the national debt every single day during fiscal 2012. And when you divide $3.6438356 billion by 24 hours, you get 151.8 million dollars. So on average, the U.S. national debt will be going up by more than 151 million dollars every single hour during fiscal 2012 if Obama has his way. This is a theft from our children and our grandchildren that is so vast that it is almost unimaginable. (Read More...)
The Debt Bomb: 7,600,000,000,000 Dollars Of Debt Must Be Rolled Over In 2012
When it comes to government debt, it is not just new debt that is the problem. Every single year, governments around the world must “roll over” gigantic mountains of debt that come due. That means that the actual borrowing that takes place each year is far greater than the yearly budget deficits that you see talked about on television. In 2012, a total of 7,600,000,000,000 dollars of debt must be rolled over by the G-7 nations, Brazil, Russia, India and China. When you add in interest payments, that number rises to over $8 trillion. And that does not even include any new borrowing that all of those nations will do in 2012. This is a debt bomb that could devastate the entire global economy at any time. Everything will be fine as long as global lenders are willing to lend these countries gigantic mountains of very cheap money. But if that changes, and there are already a multitude of signs that a massive global credit crunch has begun, it will mean a complete and total financial nightmare for the entire world. (Read More...)
17 Reasons Why A Vote For Mitt Romney Is A Vote For The New World Order
Once again, the Republican Party is being tempted to vote for “the lesser of two evils”. A lot of Republicans are actually considering voting for Mitt Romney because they have bought the lie that he has “the best chance” of defeating Barack Obama in 2012. But just because he is the Republican candidate that is most like Barack Obama does not mean that he has the best chance of defeating him. The truth is that no self-respecting Republican should ever vote for Mitt Romney. A vote for Mitt Romney is a vote for the New World Order. Romney comes from the financial establishment, he is being showered with money from the financial establishment and he supports all of the goals of the financial establishment. This year, millions upon millions of dollars are being funneled into Romney’s campaign and into pro-Romney organizations. The New World Order is literally trying to buy the 2012 election for their dream candidate. Romney would be the ultimate Wall Street puppet, and if you cast a vote for Mitt Romney you are playing right into the hands of the financial elite. (Read More...)
China Keeps Slapping America In The Face And America Just Keeps Taking It
If you were playing a game against a dishonest opponent and you allowed that opponent to lie, cheat and steal as much as they wanted to, who do you think would win? Today, China is absolutely crushing the United States on the global economic stage, but they are hardly playing fair. They shower their own firms with huge government subsidies, they brazenly steal technology, they publicly violate intellectual property rights, they manipulate currency rates so that foreign firms cannot compete with Chinese prices and they slap ridiculously high tariffs on many classes of foreign goods. In short, they basically do everything that they can get away with to give themselves a trade advantage. This predatory behavior has caused an enormous transfer of wealth from the United States to China. It isn’t as if it is just some sort of an “accident” that we now owe China about a trillion dollars. The truth is that China just keeps slapping America in the face and America just keeps taking it. We are like an abused spouse that just keeps coming back for more. It is disgraceful and it needs to stop. (Read More...)
Government Shutdown 2011? 5 Reasons Why It Wouldn’t Really Matter Either Way
Is the U.S. government going to shutdown on March 4th, 2011? Possibly. The current temporary funding extension expires on that day. Speaker of the House John Boehner has pledged that the Republicans in the House will not pass another temporary funding extension that does not include “deep” cuts. Barack Obama has pledged that he will veto the 61 billion dollars of budget cuts that the House of Representatives has just passed. So now Boehner and Obama are playing a really bizarre game of chicken, and if neither of them blinks the U.S. government will shut down on March 4th. So what will that mean? Well, in a “government shutdown”, the entire government does not actually shut down. Rather, only “essential personnel” are kept on during a shutdown and only “essential services” are provided. Barack Obama would keep showing up at the White House and the U.S. military would continue to do their thing. But it would cause a temporary disruption to a lot of government activities that people normally rely on. (Read More...)
Debt, Debt, Debt – 15 Facts About U.S. Government Finances That Are Almost Too Crazy To Believe
If your family started spending nearly twice as much as it brought in every single year, how long do you think it would be before your family was completely and totally broke? Well, that is essentially what the federal government is doing. The U.S. government is so deep in debt at this point that it is hard to even try to describe it. Where do you even begin? Trying to put the vastness of U.S. government debt into words is kind of like trying to describe a great work of art by Michelangelo to a blind person. This year the U.S. government is going to go 1.645 trillion more dollars into debt. How can one possibly accurately convey just how large that amount of money really is? If you went out today and started spending one dollar every single second, it would take you over 31,000 years to spend one trillion dollars. Who can even comprehend such an amount? The U.S. government has mismanaged our finances so badly that it is hard to believe. We have sold our children and our grandchildren into perpetual debt slavery and not that many people really seem very upset about it. It is as if most of the nation is in a massive state of denial. (Read More...)