Is the USA still #1? Well, there are many things that America is still the best in the world at, but unfortunately a lot of those categories are nothing to be proud of. Once upon a time the United States was the greatest nation on earth, but now we are a nation that is in a horrific state of decline. Just consider a few of the embarrassing things that America leads the world in: obesity, crime, divorce, teen pregnancy, child abuse deaths and government debt. The statistics that you are about to read below are incredibly disturbing. Most people that write these kinds of articles about the decline of America hate this country. But that is not the case with me. I was born and raised in America and I love this nation deeply. It is time to realize that we will never be able to start fixing our problems until we take a really good look in the mirror and realize just how far we have fallen. America is not the country that it once was. America is a complete and total mess and just “tweaking” a few things here and there is not going to return this nation to its former glory. We have forgotten the things that once made us great, and if we do not return to them we will continue to fall apart as a nation. (Read More...)
Government Debt
Fire John Boehner – America Watched Boehner Fold Like A 20 Dollar Suit So Boehner Must Go In 2012
Have you ever noticed that whenever it comes time to stand on principle top Republican lawmakers always fold like a 20 dollar suit? This time it was John Boehner. It went down like this – the Democrats knew that if they played hardball and set up a government shutdown for the weekend of the Cherry Blossom Festival that Boehner would cave. Boehner took negotiations up to the last minute to make it “look good” for the Tea Party, but the truth is that Boehner wanted nothing to do with a government shutdown and the Democrats knew that. The Democrats drew their lines in the sand on issue after issue and Boehner caved and caved and caved. So now it is time to fire John Boehner along with Barack Obama in 2012. Boehner must go. If the Tea Party is serious about cutting government spending then they must hold John Boehner accountable and go after his seat during the next primary season. The truth is that the “budget deal” is a complete and total joke. A one percent cut to the U.S. government budget is laughable. Is that why dozens of Tea Party activists were sent to Washington D.C.? If this is the “best” that can be done, the truth is that there is no hope of ever getting U.S. government debt under control. (Read More...)
Government Shutdown 2011? – 16 Things You Need To Know
Is it actually going to happen? Are we actually going to see “Government Shutdown 2011”? Will the streets of Washington D.C. soon be eerily quiet as hundreds of thousands of federal workers are temporarily sent home? Right now Barack Obama, Harry Reid and John Boehner all say that they want to reach a deal and avoid a government shutdown, but the deadline is coming up fast. The current spending bill that the government is operating under expires at the end of Friday. If the Republicans and the Democrats do not come to an agreement before then, the U.S. government will “shut down” at 12:01 AM Saturday morning. The Republicans have proposed a plan to extend government funding for one more week so that negotiations may continue, but the Democrats have rejected it. Obama has summoned Reid and Boehner to the White House tonight in an attempt to hash out a deal, but most observers are not particularly optimistic. Sadly, government debt is going to expand at a mind blowing pace this year no matter who wins this battle. (Read More...)
Will The Death Of The Dollar Lead To The Birth Of A New World Economic Order?
There is no getting around it. The U.S. dollar is dying. U.S. government debt continues to grow at a very frightening pace and the Federal Reserve is now buying up most of the new debt that is being issued. At this point there is simply not enough money in the rest of the world to continue to feed the U.S. government’s endless thirst for more debt so the Federal Reserve has had to directly intervene in order to keep the Ponzi scheme going. Other nations are rapidly losing faith in the U.S. dollar as they realize that there is simply no way that the U.S. government will be able to service this soaring debt for much longer. Even now we are watching the U.S. dollar rapidly fall against a vast array of hard assets. Virtually all major agricultural commodities have exploded in price over the past year, the price of gold is over $1400 an ounce again and last week U.S. crude oil prices topped $100 a barrel for the first time since 2008. Meanwhile, the Federal Reserve continues to print dollars as if there is no tomorrow and the U.S. government continues to spend dollars as if the party is never going to end. Yes, we are most definitely witnessing the death of the dollar. (Read More...)
Now That The Super Bowl Is Over, Here Are 17 Facts Which Prove America Is A Debt Pig That Is Deeply Addicted To Debt-Fueled Prosperity
Wasn’t the Super Bowl wonderful this year? Congratulations to the Green Bay Packers! It is amazing how much money people will spend to attend this game each year. Just a few hours before kickoff, some tickets were selling for over $4000 a seat. Not that it wasn’t a great show. It turned out to be a really great game and it was held in perhaps the most extravagant sports facility ever constructed in the history of mankind. Even the halftime show, featuring the Black Eyed Peas, was a spectacle of historic proportions. This year the Super Bowl truly was quite a grand party. In America, everything always has to be bigger and better. We take pride in constantly outdoing ourselves. Other nations of the world look at our great prosperity in envy. But do we ever stop to ask ourselves where all of this great prosperity has come from and if we can continue to afford it all? (Read More...)
The American Dream: You Have GOT To See This Short Documentary About The Federal Reserve
Have you ever wondered how in the world you can explain complicated topics such as the Federal Reserve, fractional reserve banking and the creation of money in a way that your family and friends will actually understand? Well, the other day I was made aware of an amazing new 30 minute animated documentary entitled The American Dream. Considering the fact that this column is called “The American Dream”, that definitely got my attention, and when I sat down and watched the documentary I was absolutely amazed. What Tad Lumpkin and Harold Uhl have done is that they have created a very funny, very entertaining 30 minute cartoon that does an excellent job of explaining how our financial system really works and why the Federal Reserve is bad for America. (Read More...)
The Debt Ceiling Debate Really Doesn’t Matter – Either Way U.S. Government Finances Are Going To Crash
Congratulations America, you are now 14 trillion dollars in debt. The U.S. national debt is now more than 14 times larger than it was just 30 short years ago. The federal government is literally drowning in debt. Now some members of Congress are actually debating whether we should raise the debt ceiling again. At the moment, the U.S. government debt ceiling is is set at $14.294 trillion, and considering the fact that the U.S. government is borrowing approximately 2.63 million more dollars every single minute, that cap will be reached very quickly. The U.S. Congress has raised the federal debt ceiling six times in just the past three years, so you would think that raising it again would not be that big of a deal for our debt-addicted politicians. But this past November a significant number of Tea Party candidates were elected to the U.S. House of Representatives, and they are eager to prove that they are serious about fiscal responsibility. (Read More...)
Will A Decline In The Credit Rating Of U.S. Government Debt Lead To A Complete Financial Disaster?
Most Americans know that individuals have credit ratings, but many of them don’t realize that countries have credit ratings too, and that even a small dip in the credit rating of a nation can have a huge economic impact. For decades, U.S. government debt has had a very, very high credit rating. U.S. Treasuries were generally considered among the safest, if not the safest, investments in the world. But that is starting to change. Just this past week, Moody’s Investors Service said that the U.S. government has been running up so much debt that there is actually a danger that the credit rating of U.S. government debt could be downgraded at some point in the future. That would make it significantly more expensive for the U.S. government to borrow more money, and it would cause interest on the U.S. national debt to skyrocket even further. (Read More...)