The American people better wake up while there is still time. America is literally rotting right in front of our eyes. Once upon a time, the greatest manufacturing cities in the world were in the United States. One of the big reasons why the Allies won World War II was because U.S. factories simply pumped out far more stuff than anyone else did. Our forefathers built this nation into an industrial powerhouse, but now our formerly great manufacturing cities are rusting, rotting and falling to pieces as nations such as China wipe the floor with us on the global economic stage. It is absolutely depressing to see what is happening to many of our most famous cities. For example, would you like to buy a house for less than $10,000? Just move to Baltimore. Of all the homes that have been sold in the city of Baltimore so far this year, one out of every ten has sold for less than $10,000. In fact, one home sold for just $10. (Read More...)
Economic Crisis
30 Questions That Children Should Be Asking Their Parents About The U.S. Economy
There are a whole lot of things about the U.S. economy that don’t make any sense whatsoever. Sadly, most adults have been so programmed to accept the way that things are by years and years of relentless propaganda that they don’t even bother to question the status quo any longer. But little kids are different. Many little kids are not afraid to say the darnedest things or ask really embarrassing questions. Have you ever been in a situation where a child asks an obvious question that did not even occur to any of the adults? That happens so often because the minds of little kids have not been completely warped by the world we live in yet. They are able to see things with honesty and innocence and with fresh eyes. Well, perhaps all of us should start looking at our economy and our financial system through the eyes of little children. There are a lot of things that we have been programmed to accept that we really should be asking some hard “why questions” about. (Read More...)
How Globalism Has Destroyed Our Jobs, Businesses And National Wealth In 10 Easy Steps
As most Americans stand around waiting for the U.S. economy to return to “normal”, there is a never ending parade of jobs, businesses and wealth heading out of the United States. The jobs and businesses that are leaving are gone for good and will not be coming back. This is causing unemployment to soar and government debt to skyrocket but our politicians are doing nothing about it. Instead, politicians from both parties keep insisting that they will solve all of our problems if we will just give them our votes. Meanwhile, American families continue to fill up their shopping carts with cheap plastic crap made on the other side of the world. Globalism is slowly destroying the greatest economic machine that the world has ever seen and most Americans don’t even realize it. Today, the U.S. government has surrendered massive amounts of economic sovereignty to global organizations such as the WTO, the IMF and the World Bank. The United States has also entered into a whole host of very damaging “free trade agreements” such as NAFTA that are costing our economy huge numbers of jobs. Our politicians always promised us that globalism would bring us to a new level of prosperity, but instead that “giant sucking sound” that you hear is the sound of the U.S. economy being hollowed out. (Read More...)
16 Reasons To Feel Really Depressed About The Direction That The Economy Is Headed
If you do not want to feel really depressed, you might not want to read this article. The U.S. economy is coming apart at the seams, and there are a whole lot of indications that things are about to get even worse. After a time of relative stability, the pace of job cuts is starting to pick up again, inflation is rising but paychecks are not, the U.S. housing crisis shows no signs of ending, millions of American families are drowning in debt and all of the recent polls show that the faith of the American people in our economy is eroding. As you read the statistics in this article, try to keep in mind that there are scores of families from coast to coast that are barely surviving from month to month. It can be a soul-crushing experience to work as hard as you can and yet just barely be able to pay the mortgage and put food into the mouths of your kids. The reason why so many Americans believe that we are in a “recession” or a “depression” is because that is what they feel like they are living through every single day. (Read More...)
Our Politicians Are Selling Off Pieces Of America To Foreign Investors – And Goldman Sachs Is Helping Them Do It
All over the United States, politicians are selling off key pieces of infrastructure to foreign investors and big Wall Street banks like Goldman Sachs are helping them do it. State and local governments across the country that are drowning in debt and that are desperate for cash are increasingly turning to the “privatization” of public assets as the solution to their problems. Pieces of infrastructure that taxpayers have already paid for such as highways, water treatment plants, libraries, parking meters, airports and power plants are being auctioned off to the highest bidder. Most of the time what happens is that the state or local government receives a huge lump sum of cash up front for a long-term lease (usually 75 years or longer) and the foreign investors come in and soak as much revenue out of the piece of infrastructure that they possibly can. The losers in these deals are almost always the taxpayers. Pieces of America are literally being auctioned off just to help state and local governments minimize their debt problems for a year or two, but the consequences of these deals will be felt for decades. (Read More...)
10 Reasons Why Lindsay Lohan Is Right About The Federal Reserve And The Price Of Food
Does Lindsay Lohan understand monetary policy better than Ben Bernanke does? The other day, her Twitter account sent out the following message: “Have you guys seen food and gas prices lately? U.S. $ will soon be worthless if the Fed keeps printing money!” Well, it turns out that it was a “sponsored tweet” that Lohan was paid to send out, but in a subsequent tweet Lohan explained that “i actually do care about gas and food prices, so whether it’s an #ad or no, it’s important for people to be aware of it.” Okay, so we probably will not see Lohan at any “End the Fed” rallies, but it turns out that in her own bizarre way she has brought a little bit of attention to some very important issues. Food and gas prices are skyrocketing, and a lot of the blame for that can be placed on the shoulders of the Federal Reserve. (Read More...)
Austerity Riots – A Glimpse Of America’s Future?
Are the austerity protests and riots happening in Greece right now a glimpse of America’s future? The truth is that both nations are absolutely drowning in debt. It is just that the “day of reckoning” has already arrived for Greece but it has not arrived for the United States yet. Yes, there are some important differences between the situation in Greece and the situation in the U.S., but there are also some important similarities. Budget cuts and other austerity measures are being promoted by the political leaders of both countries. Greek citizens have reacted very negatively to the economic austerity programs that have been implemented in that nation. As budget cuts on the federal, state and local levels in the United States start to really become painful, will we eventually see the same kind of austerity riots in this country that we are currently seeing in Greece? (Read More...)
The Chinese Government Is Buying Up Economic Assets And Huge Tracts Of Land All Over The United States
In 2011, America is for sale and the communist Chinese are eager buyers. The Chinese government is using sovereign wealth funds and Chinese state-owned enterprises to buy up economic assets and huge tracts of land all over the United States. Many of our politicians hail all of this “foreign investment” as something that is “good for America”, while many others see something much more sinister going on here. In any event, this is a trend that is rapidly accelerating and that is causing great concern among patriotic Americans. (Read More...)