The U.S. economy has been riding out one of the worst recessions in modern history, but unfortunately every economic signal seems to be indicating that we are going to be experiencing a “double-dip” recession instead of a recovery. U.S. government debt is out of control, a massive “second wave” of mortgages is scheduled to reset starting this year, banks have significantly tightened credit, pension funds across the U.S. are broke at a time when a ton of Baby Boomers are ready to retire, and a massive financial crisis in the Eurozone threatens to throw the world into financial chaos. The truth is that 2010 is going to be another very tough year economically, and for many the American Dream is quickly becoming a distant memory. The following are ten clear signs that this will be a double-dip recession in the United States…. (Read More...)
Housing Crash Part 2? A Massive Second Wave Of Mortgages Reset Starting In 2010
The housing crash of 2008/2009 was one of the biggest financial disasters in American history. Approximately 6 million homes have been foreclosed on by lenders in just the last three years alone as millions of American families watched their hopes for achieving the American Dream go up in smoke. Since early 2008, approximately 60 million U.S. homes have lost a combined 5 trillion dollars in value. It has been an unmitigated disaster for homeowners, lenders, home builders, real estate agents and construction workers. Now approximately one out of every four U.S. homeowners are “underwater” on their mortgages. That means that they owe more money than their homes are worth. If that wasn’t bad enough, it is estimated that by June of this year approximately 5.1 million American homeowners will own a home valued below 75 percent of what is owed. Can you imagine owing $400,000 on a home that is only worth $300,000? That is where millions of American families find themselves now. In some areas of the U.S., the housing market is so bad that it is almost comical. In California, one bank demolished 16 nearly completed homes because it was cheaper to knock them down than to finish building them. The worst part is that by all indications, the housing crash is far from over. In fact, a massive “second wave” of mortgage defaults is on the way over the next three years that could potentially deliver a knock out blow to the U.S. economy. (Read More...)
Depleted Uranium – One Of The Greatest Environmental Horrors In The History Of The World
Most Americans have no idea that depleted uranium munitions used by the U.S. military are causing one of the greatest environmental nightmares in the history of the world. In fact, most Americans have no idea what depleted uranium even is. But even as many Americans gobble down their burgers and french fries and pizza and enjoy the “good life” watching their big screen televisions, an entirely different story is being written on the other side of the world. In Iraq and Afghanistan today, there are some areas that have been so polluted by depleted uranium that they have literally become uninhabitable hellholes. Americans like to think of themselves as so “environmentally conscious”, but the truth is that one of the greatest environmental tragedies of all time is being caused by the U.S. military and yet nobody seems to care. (Read More...)
16 Cold Hard Facts That Prove That America Has Become A Nation Full Of Perverts And Predators
Much of the discussion about the rapid decline of the American Dream is typically focused on the economic collapse that we have been experiencing. But that is only part of the story. The truth is that one of the biggest reasons why the American Dream is coming to an end for so many people is because our nation has become morally rotten to the core. America is no longer a nation full of good, solid, moral people that you can trust your children with. Instead, America has now become a nation of self-centered, greedy, corrupt, wicked people most of which appear to be obsessed with lust, pleasure and entertainment. The fundamental character of the people in the United States has changed. We can all feel it. We all know it on some level, although it can be hard to put that feeling into words. But unless the moral rot that is plaguing our society is addressed, the solutions to all of our other problems will continue to evade us. (Read More...)
A Mistake Of Historic Proportions – 11 Reasons Why America Should Have Elected Ron Paul Instead Of Barack Obama
It is more than one year since the American people selected Barack Obama as their leader, and with each passing day it is becoming increasingly clear why the American people should have elected Ron Paul instead. The U.S. economy continues to collapse, the U.S. government is running up a record budget deficit, our borders are wide open, hatred for the United States is at an all-time high around the world and our individual liberties continue to be eroded as never before. The American people are becoming increasingly frustrated by the socialist big-government solutions that the Obama administration and the Democrats are coming up with. But the truth is that both the Republicans and the Democrats have been advocating bigger government, more spending, more debt and more globalism for years, and now we find ourselves on the edge of complete disaster. (Read More...)
Welcome To The American Dream Blog
Welcome to the American Dream blog! So what is this site going to be about? It is going to be about trying to wake up as many people as possible. A generation ago, our parents and grandparents could take a prosperous future in the most powerful nation on earth for granted. But now that has fundamentally changed. Now the U.S. government, state governments, the big corporations and American consumers have piled up the biggest mountain of debt in the history of the world. Not only have we completely mortgaged the future of our children and grandchildren, but we have also brought the U.S. financial system to the brink of complete destruction. The U.S. dollar, once the most stable and most powerful currency in the world, is now dropping dramatically in value and is in a death spiral. Unemployment is spiking all over America, and in some areas it is now next to impossible to get a good job. Millions of quality jobs have been shipped overseas and they simply are not going to come back. It seems like each year we set another record for mortgage foreclosures and another record for personal bankruptcies. (Read More...)