Janet Yellen is very alarmed that some members of Congress want to conduct a comprehensive audit of the Federal Reserve for the first time since it was created. If the Fed is doing everything correctly, why should Yellen be alarmed? What does she have to hide? During testimony before Congress on Tuesday, she made “central bank independence” sound like it was the holy grail. Even though every other government function is debated politically in this country, Yellen insists that what the Federal Reserve does is “too important” to be influenced by the American people. Does any other government agency ever dare to make that claim? But of course the Federal Reserve is not a government agency. It is a private banking cartel that has far more power over our money and our economy than anyone else does. And later on in this article I am going to share with you dozens of reasons why Congress should shut it down. (Read More...)
Our Economy
21 Facts That Prove That Dependence On The Government Is Out Of Control In America
If you could stay home and watch television, play video games and hang out with your friends all day at government expense, would you do it? Of course most Americans that collect money from the government each month are not abusing the system. Many truly are incapable of taking care of themselves, and others are just receiving government benefits (such as Social Security) that they feel that they have earned by a lifetime of hard work. But with each passing year the number of Americans jumping on board “the safety net” continues to grow rapidly, and a lot of these people should be able to take care of themselves. Today, the American people collectively receive more money from the government than they pay in taxes. And remember, the federal government uses our money to build roads, inspect our food and fund the military as well. So what does this say about our economy? Could it survive without all of these debt-fueled transfer payments? And what does this say about our society? At one time, our nation was known for our Protestant work ethic. What would our forefathers say about us today? The following are 21 facts that prove that dependence on the government is out of control in America… (Read More...)
The Knockout Game Is Just A Preview Of The Chaos That Is Coming To The Streets Of America
There is a hot new game being played in cities all over America, and it is very simple. You pick out a defenseless person on the street and you try to knock them out. In most areas, it is known as “the knockout game”. In some communities it is called by other names such as “point-em-out, knock-em-out” and “polar bear hunting”. In many instances, the perpetrators don’t even try to steal anything from the people that they knock out. The goal is just to “have fun” by brutally attacking an innocent victim. Well, if this is what young thugs in America will do for fun when times are still good, what will they be willing to do when our economy really starts falling apart? Yes, the U.S. economy has definitely been steadily declining, but the truth is that what we are experiencing right now is rip-roaring prosperity compared to what is coming in the years ahead. So what will the streets of America look like when things get really bad? (Read More...)
We Are Witnessing The Slow, Tortuous Death Of The American Worker
Once upon a time, the U.S. economy produced a seemingly unending supply of good paying jobs that enabled American workers to buy homes, raise families and live the American Dream. But now all of that has changed. Over the past several decades, there have been some fundamental shifts in our economy that have steadily eroded the value of the American worker. Thanks to incredible advances in robotics, computers and other fields of technology, many economic activities that once required a tremendous amount of manpower now require very little. Nothing is going to reverse those technological advances, so the jobs that have been lost as a result are now gone forever. But there are millions of other good jobs that we have lost that we could have done something about. Over the past couple of decades, millions upon millions of American jobs have been shipped overseas. Thanks to a whole host of “free trade” agreements that our politicians promised would be very good for our economy, U.S. workers have now been merged into a global labor pool with hundreds of millions of workers on the other side of the globe that live in countries where it is legal to pay slave labor wages. In such a situation, it is only natural for big corporations to shift production from high wage areas to low wage areas. Unemployment in America has skyrocketed and so have corporate profits. Today, corporate profits as a percentage of U.S. GDP are at an all-time high, but wages as a percentage of U.S. GDP are near an all-time low. The lack of decent jobs in the United States is one of the primary reasons why we are in an economic crisis that never seems to end, and things are not going to turn around any time soon. We truly are witnessing the slow, tortuous death of the American worker, and politicians from both political parties are just standing aside and letting it happen. (Read More...)
Thanks Obama – Here Are 24 Stats That Show How Much You Have Royally Messed Up Our Economy
Under Barack Obama, the U.S. economy has performed worse than it did under any other president since the end of the Great Depression. After every other recession since World War II, the U.S. economy always regained what was lost and got even stronger before the next recession began. During this “economic recovery”, we have not even come close to getting back to where we were in 2008. In fact, the number of Americans living in poverty and the number of Americans that are dependent on the government both continue to explode even as Barack Obama runs up trillions of dollars of new debt. Anyone that believes that Barack Obama is going to “fix the economy” if he is given another four years in the White House has taken way too many sips of the Obama kool-aid. The truth is that Barack Obama is not going to save you. Barack Obama has royally messed up our economy (along with a lot of other things) and that is not something we should be thanking him for. (Read More...)
Why Are So Many Bad Things Happening To America?
Have you ever wondered why things have been going so badly for the United States in recent years? Our economy is falling apart, we have been plagued with heat, drought and endless natural disasters, our cities are absolutely crumbling, we just keep getting involved in even more wars and Americans are more anxious and more overweight than ever before. So why are so many bad things happening to America? Why do we lead the world in so many bad categories? Why does nothing seem to be going right? Are we under some kind of a curse? It is almost as if we have entered a “perfect storm” that just keeps getting worse. In the old days it would seem like something bad would happen to the United States every once in a while, but now massive problems seem to be hitting us in rapid fire fashion. At this point, many Americans have “crisis fatigue” because our problems never seem to end. Each new crisis just seems to overlap with all of the other problems that are still going on. So why is this happening, and what is our country going to look like if our problems continue to multiply at this rate? (Read More...)
22 Statistics That Prove That The American Dream Is Being Systematically Destroyed
The American Dream is being systematically destroyed right in front of our eyes and most Americans don’t even realize what is happening. In the old days, if you were a hard worker and you played by the rules you could always find a good job. That good job would enable you to buy a house, buy at least one car and support a family. It would also enable you to take a couple of vacations each year and buy some nice things for your family. After working for 30 or 40 years you would look forward to a comfortable retirement. But these days fewer and fewer Americans are able to enjoy the American Dream. Once upon a time, the United States had the largest and most prosperous middle class in the history of the world, but now that is changing at a breathtaking pace. Our economy is not producing nearly enough jobs for all of us anymore, and an increasing percentage of the jobs that are being produced pay 10 dollars an hour or less. The cost of living continues to rise steadily every single year while wages do not. Close to half of all American workers are living month to month, and many American families have gone deep into debt as they struggle to pay the bills. Millions more Americans are falling into poverty each year and dependence on the government is at an all-time high. Something is fundamentally wrong with our economy. It is not working the way that it used to, and the middle class is being absolutely shredded. Most American families are finding it harder and harder to make it through each passing year, and unless a miracle happens things are going to continue to get even harder. (Read More...)
24 Facts That Show How Ridiculously Unfair Our Economy Is For Americans Under The Age Of 30
If you are an American under the age of 30, you have probably figured out by now that the entire economic system is stacked against you. The way that our economy is structured today is ridiculously unfair to younger Americans. First, we endlessly push our young people to go to our ridiculously expensive colleges and universities where the pile up enormous amounts of debt. Then they get out into the real world where they find that only a handful of really good jobs are available for the vast army of college graduates entering the workforce. Sadly, most of the jobs that our young people are working these days do not pay enough to be able to support a family or buy a decent home. Meanwhile, our politicians are busy mortgaging their future. Our young people are expected to support a Social Security system that will not be there when they get older, and every single day more than 2 billion dollars is added to a debt that will hang around the necks of younger Americans and their children for the rest of their lives. If you stop and think about all of this for too long, your head might just explode with anger. Well, not literally, but you get the point. The truth is that this is going to be the first generation in U.S. history that is going to do significantly worse than their parents, and that is a terrible shame. (Read More...)