U.S. banks are being shut down by federal regulators at a staggering pace this year, and yet most Americans seem completely oblivious to it. In fact, federal officials have already shut down 81 U.S. banks this year, which is about double the number that were shut down at this time last year. So why aren’t more people upset about this? Well, part of the reason is because the FDIC is doing it very, very quietly. The bank closings for each week are announced every Friday, which means that they pass through the news cycle over the weekend almost unnoticed. For example, banks in Nebraska, Mississippi and Illinois with total deposits of almost $2.3 billion were shut down by federal regulators on Friday. So did you hear about it before now? If not, why not? Shouldn’t the fact that we are experiencing a banking system collapse be headline news? But most Americans are more than happy to remain blissfully ignorant of what is going on. In fact, most Americans seem far more interested in what is happening on American Idol or Dancing With The Stars. But when the American Dream starts dying for tens of millions of Americans as the economy collapses perhaps more people will start to care. (Read More...)
Guess What America? Your Cities And States Are Flat Broke
Now that the economic boom times of the earlier part of the decade are over, cities and states across America are going bust. In fact, for a growing number of local governments throughout the United States, there is no getting around the fact that “flat broke” accurately describes the situation that they are facing. For many of these cities and states that are on the verge of bankruptcy, the American Dream is quickly turning into the American Nightmare. Unlike the federal government, which can ask the Federal Reserve to print up some more money when they get into trouble, state and local governments have nowhere to go when the well runs dry. They either have to raise taxes or cut spending. But in many areas of the country, services have already been cut to the bone and people are already being taxed into oblivion. So what can be done? Well, many of these state and local governments are just going to have to cut spending even deeper, squeeze even more taxes out of their residents, or go to the federal government for a handout. (Read More...)
50 Statistics About The U.S. Economy That Are Almost Too Crazy To Believe
Most Americans know that the U.S. economy is in bad shape, but what most Americans don’t know is how truly desperate the financial situation of the United States really is. The truth is that what we are experiencing is not simply a “downturn” or a “recession”. What we are witnessing is the beginning of the end for the greatest economic machine that the world has ever seen. Our greed and our debt are literally eating our economy alive. Total government, corporate and personal debt has now reached 360 percent of GDP, which is far higher than it ever reached during the Great Depression era. We have nearly totally dismantled our once colossal manufacturing base, we have shipped millions upon millions of middle class jobs overseas, we have lived far beyond our means for decades and we have created the biggest debt bubble in the history of the world. A great day of financial reckoning is fast approaching, and the vast majority of Americans are totally oblivious. (Read More...)
How Are U.S. Troops In Afghanistan Supposed To Defeat The Taliban When Iran Keeps Sending Them Arms And The Saudis Keep Sending Them Money?
How in the world does anyone expect the U.S. military to be successful in bringing peace to Afghanistan? The Taliban is constantly reinforced and supplied from bases in Pakistan, they are constantly being supplied with arms by Iran, and the Saudis keep sending them huge amounts of cash. Meanwhile, U.S. troops are expected to endlessly patrol a land teeming with radical Islamic militants, many of which would just love to brag to their buddies about how they killed a U.S. soldier. U.S. forces have now been in Afghanistan for nine years (keep in mind that the U.S. was in World War II for less than 4 years) and the conflict against the Taliban seems to have no resolution in sight. The U.S. has been successful in imposing a limited form of democracy, but the truth is that the Afghan government is composed of radical Muslims that have no interest in such things as freedom of speech and freedom of religion. The truth is that the “Afghan Dream” does not even remotely resemble the American Dream. In fact, the current Afghan government is so questionable that many people are openly asking what difference there really is between this new government and the old one under the Taliban. (Read More...)
Memorial Day Shocker: How The U.S. Government Really Handles Veterans Benefits – Deny, Deny, Deny Until They Die
One of the ways that you can judge the character of a nation is by how they care for their military veterans. On this Memorial Day, we remember those who have fought and died defending the American Dream, but this should also be a day when we check and make certain that those who have served this country so bravely are being taken care of. Unfortunately, a cold, hard examination of the facts reveals that the U.S. government is doing a horrific job of caring for our military veterans. U.S. government officials seem to be able to do a great job of laying wreaths and holding ceremonies, but when it comes to actually getting military veterans the care and benefits that they desperately need, the attitude seems to be “deny, deny, deny until they die”. (Read More...)
What Is This Country Coming To When A 7 Year Old Girl Can’t Even Have A Lemonade Stand Without Getting Shut Down By The Cops?
What in the world has happened to the United States of America? Once upon a time, young boys and girls across this great land of ours could set up little lemonade stands and make a little bit of extra cash without fear of being raided by the cops. But those days are apparently gone. In the town of Tulare, California one little 7-year-old girl recently had her lemonade stand shut down by authorities because she did not have the proper business permits. So what in the world are authorities doing running around shutting down lemonade stands for? Don’t they have anything better to do? After all, if your car is stolen these days you are very fortunate if you can even get a cop to come out to the scene. But apparently stopping a little girl from raising money so that she can go to Disneyland is a top priority in the town of Tulare. So now what is this little 7-year-old girl supposed to think about trying to live the American Dream? (Read More...)
What In The World Is Going On In The Gulf Of Mexico?
The more that we learn about the Gulf of Mexico oil spill, the more we realize that there is a whole lot more going on than we have been told. It just seems like things get more bizarre by the day. So what do we know for sure? Well, we do know that the Gulf of Mexico oil spill has officially passed the Exxon Valdez disaster as the biggest oil spill in U.S. history. We also know that the environment along the Gulf coast is being absolutely devastated and that the American Dream is being absolutely destroyed for millions of Americans who live in the region. But now there have been new revelations, which if true, mean that this nightmare is far worse than any of us imagined. (Read More...)
Welcome To The Real World 2010 College Graduates – Nobody Wants To Hire You
This is the time of year when hundreds of thousands of young Americans graduate from institutions of higher learning all across the United States. This horde of fresh-faced young Americans is full of knowledge and ambition and is ready to get good jobs and start living the American Dream. But there is only one problem. There are not nearly enough good jobs for them. In fact, there have not been nearly enough good jobs for college graduates for a number of years. As a result, record numbers of college graduates are moving back in with mommy and daddy and are taking jobs as Wal-Mart greeters, Chinese food delivery people and video store clerks. But it is tough to blame them when the job openings simply are not there. It is hard to describe how depressing it can be for a young person to send out dozens of resumes day after day and not receive a single positive response. The reality is that the real world is a lot different from the safe environment of college. In fact, 2010 college graduates are finding out that the real world can be downright cruel. (Read More...)