The nightmare that is currently unfolding up in Canada will soon be coming to the United States. When the price of oil first started crashing, most Americans and most Canadians applauded. Most people thought that lower gas prices would be really good for the economy. Well, it turns out that the exact opposite is true. Just like in the United States, the energy industry has been the primary engine for the growth of good paying jobs in Canada since the last recession. Up in Alberta, there was such a need for oil patch workers that even someone that had just recently graduated from high school could find an oil patch job that paid six figures during the boom times. Now the “boom” is turning into a “bust”, and huge numbers of those good paying jobs are being lost. As a result, suicide, crime, unemployment and poverty are all skyrocketing, and the mainstream media is telling us that “the worst is yet to come“. (Read More...)
Economic Crisis
Down Goes Britain: The UK Economy Tumbles Deep Into Recession
The economic crisis that is sweeping Europe is starting to hit Britain really hard. Over the last couple of years economists have been warning that we can’t let the “contagion” spread from troubled nations such as Greece and Portugal to the rest of Europe. Well, it is too late for that now. Spain and Italy are coming apart at the seams at this point, and even “stronger” nations such as the UK and France appear to be deeply troubled. According to numbers that were released just this week, the UK economy has now contracted for three quarters in a row. During the second quarter of 2012, the UK economy shrunk by 0.7 percent. That was a much larger contraction than the 0.2 percent contraction that economists were forecasting. At this point we have got a definite trend going. During the fourth quarter of 2011, the UK economy shrunk by 0.4 percent. During the first quarter of 2012, the UK economy shrunk by 0.3 percent. And now in this latest quarter the contraction of the UK economy appears to be accelerating. This economic downturn in the UK is being called “the longest double-dip recession for more than 50 years“. So will Britain soon look like Greece and Spain and Italy or will it be able to pull out of this nosedive in time? (Read More...)
Can You Answer 25 Difficult Questions That The Mainstream Media Does Not Seem To Have Answers To?
The mainstream news just seems to get sillier and shallower with each passing day. Our world is becoming incredibly unstable, corruption is everywhere, we are on the verge of another massive economic crisis, government debt is absolutely exploding, war could erupt in the Middle East at any time and signs of deep social decay are everywhere and yet the mainstream media seems absolutely obsessed with reporting on celebrities and scandals. It would be nice if the mainstream media would do a lot more true investigative reporting and would actually try to answer some of the difficult questions that we are being faced with. Unfortunately, most of what passes for “news” these days is essentially just “infotainment”. That is one of the reasons why we have seen such a surge in the popularity of alternative news outlets in recent years. People are searching for the truth, and they know that they are not getting much of it from the mainstream media these days. (Read More...)
Why Is The Economy So Bad?
Millions of Americans have lost their homes, tens of millions of Americans can’t find a decent job and 44 million Americans are on food stamps. This is causing an increasing number of Americans to ask this question: “Why is the economy so bad?” There are some Americans that are old enough to remember the Great Depression, but the vast majority of us have never known hard times. All our lives we were told that America was the greatest economy on the planet and that we would always experience endless prosperity in this nation. That was easy to believe because even though we had a recession once in a while, things always bounced back and got even better than ever. But now something seems different. The current economic downturn began back in 2007 and yet here we are in 2011 and there seems to be no end in sight for this economic crisis. So what in the world is going on? Can anyone explain why the economy is so bad? (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...)
What Do The American People Believe About Government?
As the November elections draw near, a number of polling organizations have been asking the American people fundamental questions about what they believe about politics and what they believe about government. So what have these polls shown? Well, it is undeniable that distrust and dissatisfaction with the government is growing. The American people are getting fed up with what is going on in Washington. It is also clear that the number of Americans that are in favor of big government is decreasing. But it is actually more complicated than that. It appears that the American people want the government to get off their backs, but they also want the government to do more and to provide more services. The American people apparently want fewer laws but more protections. The American people seem to want lower taxes but also more government spending to stimulate the economy. In other words, the American people want to have their cake and eat it too. (Read More...)