We have just witnessed one of the most significant steps toward a one world economic system that we have ever seen. Negotiations for the Trans-Pacific Partnership have been completed, and if approved it will create the largest trading bloc on the planet. But this is not just a trade agreement. In this treaty, Barack Obama has thrown in all sorts of things that he never would have been able to get through Congress otherwise. And once this treaty is approved, it will be exceedingly difficult to ever make changes to it. So essentially what is happening is that the Obama agenda is being permanently locked in for 40 percent of the global economy. (Read More...)
Economy
The Economic And Financial Problems In Europe Are Only Just Beginning…
Right now, the financial world is focused on the breathtaking stock market crash in China, but don’t forget to keep an eye on what is happening in Europe. Collectively, the European Union has a larger population than the United States, a larger economy than either the U.S. or China, and the banking system in Europe is the biggest on the planet by far. So what happens in Europe really matters, and at this point the European economy is absolutely primed for a meltdown. European debt levels have never been higher, European banks are absolutely loaded with non-performing loans and high-risk derivatives, and the unemployment rate in the eurozone is currently more than double the unemployment rate in the United States. In all the euphoria surrounding the “deal” that temporarily kept Greece in the eurozone, I think that people have forgotten that the economic and financial fundamentals in Europe have continued to deteriorate. Whether Greece ultimately leaves the eurozone or not, a great financial crisis is inevitably coming to Europe. It is just a matter of time. (Read More...)
The Death Of The American Dream In 22 Numbers
We are the generation that gets to witness the end of the American Dream. The numbers that you are about to see tell a story. They tell a story of a once mighty economy that is dying. For decades, the rest of the planet has regarded the United States as “the land of opportunity” where almost anyone can be successful if they are willing to work hard. And when I was growing up, it seemed like almost everyone was living the American Dream. I lived on a “middle class” street and I went to a school where it seemed like almost everyone was middle class. When I was in high school, it was very rare to ever hear of a parent that was unemployed, and virtually every family that I knew had a comfortable home and more than one nice vehicle. But now that has all changed. The “American Dream” has been transformed into a very twisted game of musical chairs. With each passing year, more people are falling out of the middle class, and most of the rest of us are scrambling really hard to keep our own places. Something has gone horribly wrong, and yet Americans are very deeply divided when it comes to finding answers to our problems. We love to point fingers and argue with one another, and meanwhile things just continue to get even worse. The following are 22 numbers that are very strong evidence of the death of the American Dream… (Read More...)
21 Facts That Prove That Dependence On The Government Is Out Of Control In America
If you could stay home and watch television, play video games and hang out with your friends all day at government expense, would you do it? Of course most Americans that collect money from the government each month are not abusing the system. Many truly are incapable of taking care of themselves, and others are just receiving government benefits (such as Social Security) that they feel that they have earned by a lifetime of hard work. But with each passing year the number of Americans jumping on board “the safety net” continues to grow rapidly, and a lot of these people should be able to take care of themselves. Today, the American people collectively receive more money from the government than they pay in taxes. And remember, the federal government uses our money to build roads, inspect our food and fund the military as well. So what does this say about our economy? Could it survive without all of these debt-fueled transfer payments? And what does this say about our society? At one time, our nation was known for our Protestant work ethic. What would our forefathers say about us today? The following are 21 facts that prove that dependence on the government is out of control in America… (Read More...)
Not Just The Largest Economy – Here Are 26 Other Ways China Has Surpassed America
In terms of purchasing power, China now has the largest economy on the entire planet, but that is not the only area where China has surpassed the United States. China also accounts for more total global trade than the U.S. does, China consumes more energy than the U.S. does, and China now manufactures more goods than the U.S. does. In other words, the era of American economic dominance is rapidly ending. Global economic power is making a dramatic shift to the east, and that is going to have huge implications for our future. We already owe the Chinese well over a trillion dollars, and as our economic infrastructure crumbles we are feverishly borrowing even more money in a desperate attempt to prop up our falling standard of living. We can’t seem to match the work ethic, inventiveness and determination of China and other Asian nations and it is showing. If we continue down this path, what will the future look like for future generations of Americans? (Read More...)
17 Facts That Prove That The Quality Of Jobs In America Is Going Down The Drain
Do you wish that you had a better job? If so, you are not alone. In fact, there are millions upon millions of Americans that get up every day and go to a job that they wish that they could afford to quit. Unfortunately, most Americans end up just desperately holding on to the jobs that they have because just about any job is valuable in this economic environment. Over the past decade, the long-term trends that are destroying jobs in America have accelerated. We have seen countless numbers of jobs shipped overseas, we have seen countless numbers of jobs replaced by technology, we have seen countless numbers of jobs taken by immigrants and we have seen countless numbers of jobs lost to the overall decline of the once great U.S. economy. Unfortunately, even though we can all see this happening, our “leaders” have failed to come up with any solutions. And since there are so many of us that are desperate for jobs these days, employers know that they don’t have to pay as much. The balance of supply and demand in the employment marketplace has radically shifted in their favor. So less workers are getting health insurance these days, less workers are getting retirement plans and once you adjust for inflation our paychecks have been getting smaller for years. Needless to say, all of this is absolutely eviscerating the middle class. The following are 17 facts that prove that the quality of jobs in America is going down the drain… (Read More...)
25 Stats That Prove That The American Dream Is Being Systematically Destroyed
The 25 statistics that you are about to read are solid proof that the middle class in America is being systematically wiped out. Once upon a time, the United States had the largest and most prosperous middle class in the history of the world. It seemed like almost everyone owned a home, had a couple of nice vehicles and could provide a very comfortable lifestyle for their families. Sadly, that has all changed. In America today, prices are rising at a very brisk pace but incomes are not. There aren’t nearly enough jobs for everyone anymore, and most of the jobs that are being “created” are jobs that pay very little. The largest employer in America is Wal-Mart, and the second largest employer is actually a temp agency (Kelly Services). In a desperate attempt to make ends meet, millions of American families endlessly pile up more debt, and millions of other American families find themselves forced to turn to the government for help. At this point, more than 49 percent of all Americans receive benefits from the federal government each month. The percentage of Americans that cannot financially take care of themselves is rising every single year, and our independence is being whittled away as we become increasingly dependent on the government. Unfortunately, our politicians continue to stand aside and do nothing as our jobs are shipped overseas, inflation steals our purchasing power and the middle class continues to shrink. The following are 25 stats that prove that the American Dream is being systematically destroyed… (Read More...)
20 Examples Of How America Is Rapidly Going Down The Toilet
Deep corruption is eating away at every level of American society like cancer. We can see this in our families, we can see this in our businesses, and we can especially see this in our government. We have the highest rate of divorce in the world, we have the highest rate of teen pregnancy in the world, we have the highest rate of obesity in world, and nobody has higher rates of cancer, heart disease and diabetes than we do. The suicide rate is soaring and our economy is falling apart. Meanwhile, our politicians seem absolutely clueless and we have piled up the biggest mountain of debt that the world has ever seen. Has America ever been in such bad shape before? The following are 20 examples of how America is rapidly going down the toilet… (Read More...)