Financial Problems

74% of families with children making less than $100,000 have “experienced serious financial problems” during this crisis

The reason why so many people are clamoring for Congress to get another stimulus bill passed is because an unprecedented number of households are in desperate financial need right now.  As you will see below, millions of Americans missed their rent or mortgage payments last month, millions missed their student loan payments, and millions are falling into poverty.  The economic downturn that was sparked by the coronavirus pandemic has stretched on far longer than most people originally anticipated, and many Americans are simply running out of money at this point.  In fact, one survey that was conducted not too long ago found that 40 percent of all households have “used up all or most of their savings” and 74 percent of families with children that make less than $100,000 a year have “experienced serious financial problems” during this crisis… (Read More...)

The Economic And Financial Problems In Europe Are Only Just Beginning…

Euro Gears - Public DomainRight 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...)

16 Reasons To Move Away From California

Once upon a time, millions upon millions of young people dreamed of moving to California.  Nearly endless sunshine, pristine beaches and a booming economy made it seem like paradise to many.  But now those days are long gone.  Unemployment is rampant, home prices have fallen like a rock, violent crime and gang activity are on the rise, local governments all over California are facing horrible financial problems, millions of illegal immigrants have poured into the state, traffic around the big cities is nightmarish and tax rates are absolutely outrageous.  Plus there is the constant threat that your home could be destroyed by an earthquake, a wildfire or a mudslide.  In recent years, hordes of hard working families have decided that they have had enough and have decided to move away from California.  In fact, since the year 2000 more than 1.6 million people have moved away from the state of California. (Read More...)

Out Of The Ashes Of The Collapse Of The Eurozone Will A “United States Of Europe” Arise?

All over Europe, headlines are declaring that the eurozone is on the verge of collapse.  Many people falsely assume that this will mean the end of the euro and a return to national currencies.  Unfortunately, that is not going to be the case at all.  Instead, this is going to be yet another example of how the elite attempt to bring order out of chaos.  The European elite have no intention on giving up on a united Europe.  Rather, they hope to be able to bring to life a new “United States of Europe” out of the ashes of the existing eurozone.  Over the coming months we will see widespread panic and fear all across Europe.  The euro will likely sink like a rock and there will probably be huge financial problems in Europe and all around the globe.  But for the European elite, a great crisis like this represents a golden opportunity to tear down the existing structures and build new ones.  The solution that the European elite will be pushing will not be to go back to the way that Europe used to be.  Instead, they will be pushing the idea of a much more tightly integrated Europe really hard. (Read More...)

Tax The Rich? 14 Facts You May Want To Consider

Class warfare in the United States is heating up again.  As the overall economic pie shrinks, the poor are being taught to go after the rich and the rich are being taught that the poor are a threat.  Lately, the calls to “tax the rich” have grown louder than ever.  As thousands more American families fall into poverty every single day, and as U.S. government debt continues to soar, many are touting higher taxes on the wealthy as the solution to all of our problems.  But is that what we really want to do?  Will it actually solve our economic and financial problems as a nation?  If you don’t have much money, it can sound very appealing when politicians say that they want to “tax the rich”.  But unfortunately, things are just not that simple. (Read More...)

The End Of An Empire And The Beginning Of A Depression

Since the end of World War 2, the United States has been the leading military power and the leading economic power on the entire globe.  The U.S. has had the largest economy in the history of the world, the U.S. dollar has been used by nearly all of the nations on earth as a reserve currency and the U.S. military has had a physical presence in most of the countries on the planet.  Today, the U.S. military is in approximately 130 different nations and it has a total of about 700 military bases around the world.  But just like the Roman Empire, the U.S. empire has become overextended and it is starting to decline.  Most of our politicians believe that we can continue to “police the world” and project our power to every corner of the globe, but the more we meddle the more the rest of the world hates us and the worse our financial problems get.  America is now swamped with debts and our influence is fading.  The truth is that what we are witnessing is the end of an empire and the beginning of a depression. (Read More...)

35 Statistics That Show The Average American Family Has Been Broke Down, Tore Down, Beat Down, Busted And Disgusted By This Economy

The economic statistics that you are about to read are incredibly shocking, but they are also very, very real.  Tonight there are going to be millions of men and women all across America that cannot sleep because they are consumed with anxiety about their financial problems.  Even as you read this, there are a lot of parents out there that are trying to figure out how to explain to their children why their homes are being taken away.  There are also hordes of very hard working Americans that are incredibly frustrated because they have sent out thousands of resumes and yet they can’t seem to get a job interview.  Have you ever been at a point where you couldn’t pay the mortgage or put food on the table for your family?  It can be an absolutely soul-crushing experience.  In fact, there are some cities in the U.S. that have been so utterly devastated by this economy that it seems as though virtually everyone has had the hope sucked right out of them.  The mainstream media is trying to convince all of us that we are in an economic recovery, but that is a lie.  The truth is that we are in the middle of a long-term economic decline and the greatest economy in the history of the world is dying right in front of our eyes. (Read More...)

Wild And Crazy 2011: 10 History-Shattering Events That Have Shaken The Financial World To The Core

2011 has already had more history-shattering events than almost any other year since World War 2.  Revolutions have swept the Middle East and much of Africa, a new war has erupted in Libya, Japan has experienced an unprecedented tsunami and a horrific nuclear crisis, the price of oil is skyrocketing, multiple nations in Europe are experiencing a financial meltdown and budget issues have pushed the U.S. government to the verge of a shutdown.  In past years, it always seemed like there was time to “catch our breath” between each major crisis, but now huge events are striking in rapid-fire succession.  We live at a time when wars, rumors of wars, natural disasters, bizarre occurrences and major financial problems are becoming so common that they hardly shock us anymore.  2011 truly has been one wild and crazy year, and the world is literally being transformed right in front of our eyes. (Read More...)