It is becoming increasingly apparent that the U.S. economy is heading for complete and total disaster. State and local governments across the nation are uncontrollably bleeding red ink. The federal government has accumulated the largest debt in world history. Every year we buy hundreds of billions of dollars more from the rest of the world than they buy from us. That means that we are getting hundreds of billions of dollars poorer as a nation every single year. Meanwhile, thousands of factories and millions of jobs continue to be sent overseas as American cities turn into post-industrial wastelands. Incomes are down, unemployment remains at depressingly high levels and very few of our politicians seem to have any idea how to fix things. Yes, things are really, really bad. So what are some things that we can all be doing to prepare for the coming financial apocalypse? (Read More...)
Economic Crisis
Americans Are Willing To Trample One Another To Get Their Hands On Cheap Foreign-Made Plastic Crap Even As The United States Turns Into A Post-Industrial Wasteland
As this latest Black Friday clearly demonstrated, Americans are literally willing to trample one another to get the best deals on cheap foreign-made plastic crap. Meanwhile, as thousands of factories and millions of jobs continue to get shipped overseas, the United States is rapidly turning into a post-industrial wasteland. Once great manufacturing cities such as Camden, New Jersey have become crime-ridden, gang-infested hellholes. In some U.S. cities, the “real” unemployment rate is around 30 or 40 percent. The American people desperately need jobs, but the American people are also showing no signs that they plan to give up their addiction to cheap foreign goods. Our politicians keep insisting that the American people just need “more education” and “more skills” in order to compete, but they don’t ever seem to explain how more education and more skills are going to make new jobs pop into existence out of thin air. The truth is that the American Dream is rapidly becoming the American Nightmare and there is not much hope that any of this is going to turn around any time soon. (Read More...)
Is America In Danger Of Turning Into One Gigantic Hellhole?
What in the world is happening to America? Are there still places in America where liberty and freedom are respected, where taxes are low, where regulations are not suffocating, where the people are friendly and where Americans can be free to live an independent lifestyle? In a previous article entitled “What Is The Best U.S. State To Move To If You Want To Insulate Yourself From The Coming Economic Meltdown?“, I asked readers what they thought were some of the best places in America to move to for people wishing to ride out the coming economic collapse. Well, the response was overwhelmingly negative. Readers were even highly negative about states that have been very popular for “independent thinking” Americans to move to such as Montana, Idaho, Alaska, Washington and Colorado. So are there any “good” places in America left? Or is America in danger of turning into one gigantic hellhole? (Read More...)
What Is The Best U.S. State To Move To If You Want To Insulate Yourself From The Coming Economic Meltdown?
Today, millions of American families are considering a move to another part of the country because of the growing economic problems that the United States is experiencing. In the past, most Americans would normally just ride recessions out and would be able to safely assume that things would get back to “normal” sooner or later. But for many Americans, this time just feels different. Unemployment has never stayed this high for this long since the Great Depression. Thousands of our factories and millions of our jobs have been shipped overseas, and many of our formerly great cities (such as Detroit) have been turned into deindustrialized wastelands. The federal government and most state governments are essentially bankrupt and continue to get into more debt at an accelerating pace. Meanwhile, Helicopter Ben Bernanke and his cohorts at the Federal Reserve have fired up the printing presses in a desperate attempt to revive the U.S. economy. Many believe that by flooding the financial system with paper money that they are setting in motion a series of events which will eventually lead to the death of the dollar. With so much wrong with our economy, is it any wonder why more Americans are deeply concerned about the state of the economy today than at any other time since World War II? (Read More...)
The Death Of The Dollar? 11 Signs That We Could Be On The Verge Of A Global Currency Crisis
Over the past several decades, the U.S. dollar and other major currencies around the globe have been continually devalued, but they have still remained stable enough for trade to flourish and for the world to enjoy an unprecedented era of prosperity. However, that all may now be changing. Many analysts now fear that the new $600 billion program of quantitative easing by the U.S. Federal Reserve may set off a round of “competitive devaluations” across the globe that could precipitate a global currency crisis. If that happens, it might not just be the death of the dollar that we are talking about. Instead, we could potentially see the death of fiat currencies worldwide in the coming years. Under the current system, nations have a built-in incentive to devalue their national currencies because it gives them a competitive advantage in world trade. In fact, quite a few countries have been doing this for years, but in 2010 currency devaluations have become a “hot button” issue and the extreme actions taken recently by the U.S. Federal Reserve and other global central banks have pushed us to the brink of a global currency war. (Read More...)
The Price Of Oil Is Going Up, The Price Of Food Is Going Up And Now Here Comes Quantitative Easing
Millions of American families are about to be broadsided by rising gas and food prices and most of them don’t even realize it. You see, most Americans stop listening when terms such as “quantitative easing” and “agricultural commodities” are brought up, but when millions more Americans are faced with a choice of either feeding their families or heating their homes this winter, maybe then they will start listening. Even before the Federal Reserve announced the latest round of quantitative easing, the price of oil has been going up and the price of food has been going up. Now that the Federal Reserve has announced plans to flood the economy with hundreds of billions more dollars, the inflation monster is going to get even hungrier. The household budgets of scores of American families are going to be stretched beyond the breaking point as prices rise. Meanwhile, the vast majority of U.S. employers will not be giving their workers raises to keep up with inflation. After all, why should they? If someone wants to quit there are hordes of unemployed Americans out there who would just love to take that job in a second. (Read More...)
Goodbye Pontiac – Yet Another Sign Of How Rapidly America Is Being Deindustrialized
On October 31st, 2010 Pontiac officially died. After 84 years and approximately 40 million vehicles sold, the Pontiac brand is no more. Pontiac actually built its last car almost a year ago, but on October 31st GM’s agreements with Pontiac dealers officially expired. So say goodbye for the final time to the GTO, Bonneville, Firebird, Sunbird, Grand Am and Grand Prix. No more vehicles with the beautiful red arrowhead emblem will ever be manufactured. The company that produced muscle cars that so many millions of American boys grew up worshipping has passed on. In this life, nothing lasts forever, but it just does not seem right that Pontiac is gone. (Read More...)
The Television Commercial About The National Debt That Is Being Banned By Major Networks
A new television ad about the U.S. national debt produced by Citizens Against Government Waste has been deemed “too controversial” by major networks including ABC, A&E and The History Channel and will not be shown on those channels. The commercial is a homage to a 1986 ad that was entitled “The Deficit Trials” that was also banned by the major networks. Apparently telling the truth about the national debt is a little too “hot” for the major networks to handle. But perhaps it is time to tell the American people the truth. In 1986, the U.S. national debt was around 2 trillion dollars. Today, it is rapidly approaching 14 trillion dollars. The American Dream is being ripped apart right in front of our eyes, but apparently some of the major networks don’t want the American people to really understand what is going on. (Read More...)