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China Has Announced Plans For A ‘World Currency’

Chinese World CurrencyThe Chinese do not plan to live in a world dominated by the U.S. dollar for much longer.  Chinese leaders have been calling for the U.S. dollar to be replaced as the primary global reserve currency for a long time, but up until now they have never been very specific about what they would put in place of it.  Many have assumed that the Chinese simply wanted some new international currency to be created.  But what if that is not what the Chinese had in mind?  What if they have always wanted their own currency to become the single most dominant currency on the entire planet?  What you are about to see is rather startling, but it shouldn’t be a surprise.  When it comes to economics and finance, the Chinese have always been playing chess while the western world has been playing checkers.  Sadly, we have gotten to the point where checkmate is on the horizon. (Read More....)

The Breakdown Of U.S.-Israeli Relations Brings Us Several Steps Closer To World War III

World War III - Public DomainIn the past 40 years, we have never been closer to World War III than we are today.  If you ask Americans to name what area of the globe they believe World War III will begin, the number one choice by a landslide would probably be the Middle East.  And thanks to the stunning breakdown of U.S.-Israeli relations, we are now closer to that war than we have been in decades.  Since the 1970s, the United States has served as the major buffer between Israel and her Islamic neighbors.  Israel has trusted the United States to protect it, and Israel’s enemies have known that an all-out assault on Israel would be fruitless because the U.S. military would step in.  When a minor conflict has erupted in the region, the United States has always rushed in diplomatically to settle things down.  But now the relationship between the Israeli government and the Obama administration is near a breaking point, and tensions in the Middle East just continue to intensify.  At this moment, Israeli Prime Minister Benjamin Netanyahu no longer trusts Barack Obama to do what is right for Israel, and it is an open secret that Obama pretty much despises Netanyahu.  And during his speech to Congress on Tuesday, Netanyahu once again made it abundantly clear that his government will never, ever allow Iran to get nuclear weapons.  If Israel believes that Iran is even getting close, Israel will attack.  But instead of trying to prevent this from happening, Barack Obama is negotiating a deal with Iran that would give the Iranians pretty much everything that they want and would allow them to build all the nukes they desire in about ten years.  Israeli Prime Minister Benjamin Netanyahu says that this is a “bad deal”, and he is right. (Read More....)

Stock Market Bubble: Wall Street Is Ecstatic As The NASDAQ Closes Above 5000

Bubble In Hands - Public DomainAre we at the tail end of the stock market bubble to end all stock market bubbles?  Wall Street was full of glee Monday when the Nasdaq closed above 5000 for the first time since the peak of the dotcom bubble in March 2000.  And almost everyone in the financial world seems convinced that things are somehow “different” this time around.  Even though by almost every objective measure stocks are wildly overpriced right now, and even though there are a whole host of signs that economic trouble is on the horizon, the overwhelming consensus is that this bull market is just going to keep charging ahead.  But of course that is what they thought just before the last two stock market crashes in 2001 and 2008 as well.  No matter how many times history repeats, we never seem to learn from it. (Read More....)

The War On Preppers: Obama Bans Ammo For The Most Popular Rifle In America

Barack Obama Giving Orders - Public DomainBecause he can’t get Congress to approve the things that he wants to do, Barack Obama has apparently decided to rule by decree for the rest of his time in the White House.  One of Obama’s latest moves is to try to ban some of the most popular ammunition for the most popular rifle in America.  Previously, the Obama administration attempted unsuccessfully to ban the AR-15.  That didn’t work, so now Obama is going after the ammunition.  This is yet another example of the war on preppers that is going on all over the nation.  Whether you are a gun owner or not, this assault on our constitutional rights should disturb you greatly.  Barack Obama has promised to try to squeeze as much “change” as possible out of his last two years, and in the process he is “fundamentally transforming” America.  But what will our country look like when he is done? (Read More....)

The Odds Of A War Between Israel And Iran Just Went Way Up

Israeli Fighter Jets - Public DomainUh oh – Iran just got caught with both hands in the cookie jar.  It turns out that even while Iran has been negotiating a “historic peace deal” with the western world, it has been secretly operating a huge underground nuclear enrichment site that it didn’t tell anyone about.  But this is what the Iranians always do.  They lie, lie and then lie some more.  So how in the world can you make a deal with a government that absolutely refuses to tell the truth?  These revelations about a secret underground nuclear facility just outside Tehran come at a time when it looked like the Obama administration was about to cave in and give Iran just about everything that it wanted.  The “deal” that Obama was going to give them would have allowed the Iranians to keep all of the nuclear infrastructure that they have already constructed and would also give them permission to start building nuclear weapons in about a decade.  It would be a monstrously bad deal for the western world, and the Iranians should have jumped at it.  But now these new revelations could throw a wrench into those negotiations.  But much more importantly, knowledge of this secret nuclear facility has got to be extremely alarming to the Israelis.  Prime Minister Benjamin Netanyahu has always said that Israel will never, ever allow Iran to construct a nuclear weapon.  So what will happen if the Israelis determine that Iran is actually much closer to building a nuclear bomb that anyone originally suspected?  The truth is that the odds of a war between Israel and Iran just went way up thanks to these revelations, and that is not good news for any of us. (Read More....)

Why Does Maryland Have The Most Millionaires Per Capita? The Answer Might Make You Angry

Raining MoneyThe fat cats in Washington D.C. are living the high life, and they are doing it at your expense.  Over the past decade, there has been one area of the country which has experienced a massive economic boom.  Thanks to wildly out of control government spending, the Washington D.C. region is absolutely swimming in cash.  In fact, at this point the state of Maryland has the most millionaires per capita in the entire nation and it isn’t even close.  If you have never lived there, it is hard to describe what the D.C. area is like.  Every weekday morning, hordes of lawyers, lobbyists and government bureaucrats descend upon D.C. from the surrounding suburbs.  And at the end of the day, the process goes in reverse.  Everyone is just trying to get their piece of the pie, and it is a pie that just keeps on growing as government salaries, government contracts and government giveaways just get larger and larger.  Of course our founders never intended for this to happen.  They wanted a very small and simple federal government.  Sadly, today we have the most bloated central government in the history of the planet and it gets worse with each passing year. (Read More....)

14 Signs That Most Americans Are Flat Broke And Totally Unprepared For The Coming Economic Crisis

14 Signs Americans Are Flat BrokeWhen the coming economic crisis strikes, more than half the country is going to be financially wiped out within weeks.  At this point, more than 60 percent of all Americans are living paycheck to paycheck, and a whopping 24 percent of the country has more credit card debt than emergency savings.  One of the primary principles that any of these “financial experts” that you see on television will teach you is to have a cushion to fall back on.  At the very least, you never know when unexpected expenses like major car repairs or medical bills will come along.  And in the event of a major economic collapse, if you do not have any financial cushion at all you will be a sitting duck.  Yes, I know that there are millions upon millions of families out there that are just trying to scrape by from month to month at this point.  I hear from people that are deeply struggling in this economy all the time.  So I don’t blame them for not being able to save lots of money.  But if you are in a position to build up an emergency fund, you need to do so.  We have been experiencing an extended period of relative economic stability, but it will not last.  In fact, the time for getting prepared for the next great economic downturn is rapidly running out, and most Americans are not ready for it at all.  The following are 14 signs that most Americans are flat broke and totally unprepared for the coming economic crisis… (Read More....)

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