Over the past several decades, the U.S. dollar and other major currencies around the globe have been continually devalued, but they have still remained stable enough for trade to flourish and for the world to enjoy an unprecedented era of prosperity. However, that all may now be changing. Many analysts now fear that the new $600 billion program of quantitative easing by the U.S. Federal Reserve may set off a round of “competitive devaluations” across the globe that could precipitate a global currency crisis. If that happens, it might not just be the death of the dollar that we are talking about. Instead, we could potentially see the death of fiat currencies worldwide in the coming years. Under the current system, nations have a built-in incentive to devalue their national currencies because it gives them a competitive advantage in world trade. In fact, quite a few countries have been doing this for years, but in 2010 currency devaluations have become a “hot button” issue and the extreme actions taken recently by the U.S. Federal Reserve and other global central banks have pushed us to the brink of a global currency war. (Read More...)
The Debt
The Most Dangerous Place On Earth: The Brutal Drug War Raging On The U.S. Border
Most Americans have no idea that the most dangerous place on earth is just across the United States border. The city of Juarez, Mexico is nestled right next to El Paso, Texas and it is the murder capital of the world. So far this year, more than 2,000 people have been murdered in the city. The Mexican government has been trying to get a handle on the situation, but corruption is so rampant on all levels of government in Mexico and the drug cartels are so incredibly powerful that it just seems to be a losing battle. But it is not just Juarez that is a crisis point. The truth is that vast stretches of the U.S. border with Mexico have become war zones and yet the mainstream media in the United States is strangely silent about the whole thing. (Read More...)
The Price Of Oil Is Going Up, The Price Of Food Is Going Up And Now Here Comes Quantitative Easing
Millions of American families are about to be broadsided by rising gas and food prices and most of them don’t even realize it. You see, most Americans stop listening when terms such as “quantitative easing” and “agricultural commodities” are brought up, but when millions more Americans are faced with a choice of either feeding their families or heating their homes this winter, maybe then they will start listening. Even before the Federal Reserve announced the latest round of quantitative easing, the price of oil has been going up and the price of food has been going up. Now that the Federal Reserve has announced plans to flood the economy with hundreds of billions more dollars, the inflation monster is going to get even hungrier. The household budgets of scores of American families are going to be stretched beyond the breaking point as prices rise. Meanwhile, the vast majority of U.S. employers will not be giving their workers raises to keep up with inflation. After all, why should they? If someone wants to quit there are hordes of unemployed Americans out there who would just love to take that job in a second. (Read More...)
The Demonization Of The Tea Party Movement
Once upon a time, news anchors at least attempted to conduct themselves in a professional manner. But on election night 2010, quite a few of the anchors on the various news networks threw all standards of professionalism right out the window and did everything they could to demonize the Tea Party movement. As you will see below, Tea Party candidates were not just called “wacky”, “kooky” and “extremists” on Tuesday night. On MSNBC alone, Michelle Bachmann was repeatedly asked if she was “hypnotized” as the news anchors openly laughed at her while she was being interviewed, and there was a roundtable discussion which went on for an extended period of time about how Rand Paul, by himself, was going to cause a massive worldwide economic depression. If MSNBC even had an ounce of integrity left they would fire the whole team of anchors that covered election night, but we all know that is not going to happen. The truth is that the establishment is scared to death of the Tea Party movement now, and the executives at these various networks will almost certainly be directing their news people to demonize prominent Tea Party politicians more than ever. (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...)
The Television Commercial About The National Debt That Is Being Banned By Major Networks
A new television ad about the U.S. national debt produced by Citizens Against Government Waste has been deemed “too controversial” by major networks including ABC, A&E and The History Channel and will not be shown on those channels. The commercial is a homage to a 1986 ad that was entitled “The Deficit Trials” that was also banned by the major networks. Apparently telling the truth about the national debt is a little too “hot” for the major networks to handle. But perhaps it is time to tell the American people the truth. In 1986, the U.S. national debt was around 2 trillion dollars. Today, it is rapidly approaching 14 trillion dollars. The American Dream is being ripped apart right in front of our eyes, but apparently some of the major networks don’t want the American people to really understand what is going on. (Read More...)
If You Want To Board An Airplane In America You Now Have Two Options: Let Airport Security Gawk At Your Exposed Body Or Let Airport Security Feel You Up
In America today, we have become so spooked by “terror threats” that now we will submit to just about anything in the name of security. At this point, we are allowing ourselves to be treated as little more than cattle. Procedures that would once be considered an affront to human dignity are now accepted as “the new normal”. If you want to get on an airplane in America today, you must either go through one of the incredibly intrusive full body scanners that are going into all U.S. airports and let airport security gawk at your exposed body, or you must allow airport security to feel you up using the new “enhanced pat-down” techniques they are being instructed to employ. As you will see below, these new pat-down procedures are incredibly intrusive. If anyone tried to touch us like that out on the street they would be put in prison. But this is the new America where all of us must give up all of our privacy and all of our dignity just so that everyone can feel a little bit safer. (Read More...)
12 Polls That Prove That The American People Are Really, Really Pissed Off As Election Day 2010 Approaches
The American people are mad. No, check that, they are steaming mad. In the weeks leading up to the election, poll after poll after poll has shown that the American people are angrier at government than at any other point in modern U.S. history. American voters have been angry before, but this time it is different. Instead of being mad at just one political party, the American people are now clearly disgusted with both political parties. Neither major party has a positive approval rating. People are sick and tired of the economy being in the tank, they are sick and tired of not being able to get good jobs and they are sick and tired of the nonsense that has been going on in Washington. Both political parties are busy pointing fingers at each other, but what all the major polls in the weeks leading up to the election clearly show is that the American people are placing the blame on both the Republicans and the Democrats. In fact, as you will see below, a clear majority of the American people now wish that they could throw every member of Congress out of office and a clear majority of the American people now wish that they had a third political party to vote for. We have arrived at a point where both political parties have lost the faith of the American people, and where we go from here is anyone’s guess. (Read More...)