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 From now on, whenever you hear the term "the global economy" you should immediately equate it with the destruction of the U.S. middle class. Over the past several decades, the American economy has been slowly but surely merged into the emerging one world economic system. Unfortunately for the middle class, much of the rest of the world does not have the same minimum wage laws and worker protections that we do. Therefore, the massive global corporations that now dominate our economy are able to pay workers in other countries slave labor wages and import the products that they make into the United States to compete with products made by "expensive" American workers. This has resulted in a mass exodus of manufacturing facilities and jobs from the United States. (Read More....)
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 Although it received very little coverage in the mainstream media, Barack Obama made some comments about globalism during his speech in Mumbai, India that were very eye-opening. As he was discussing the new realities of world trade in 2010, Obama warned against "those who see globalization as a threat" and he spoke of the "integrated world" in which we all now live. But is merging the entire globe into a one world economy, a one world financial system and a one world labor market really the best thing for the American people? (Read More....)
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 Barring an economic bailout of mammoth proportions, the economy of Spain is completely and totally doomed. The socialist government of Spain is drowning in debt, unemployment is running rampant and everywhere you turn there are major economic problems. So will Spain be the next Greece? No. When the economy of Spain implodes it is going to be a whole lot worse for the world economy. The economy of Spain is more than four times the size of the economy of Greece. Spain accounts for 11.5 percent of eurozone GDP while Greece only accounts for approximately 2.5 percent. Spain is the 4th largest economy in the 16 nation eurozone and it is the 10th largest economy in the world. If the economy of Spain fails it will cause a shockwave that will be felt in every corner of the globe. In fact, there are quite a few analysts that believe if Spain defaults it would ultimately lead to the breakup of the eurozone. (Read More....)
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 The summer of 2010 promises to be the most tumultuous summer in the short history of the European Union. The sovereign debt crisis sweeping the continent threatens to cause economic and political instability on a scale not seen in Europe for decades. The truth is that governments across the eurozone have accumulated gigantic piles of debt that simply are not sustainable. Prior to the implementation of the euro, these European governments often "printed" their way out of messes like this, but now they can't do that. Now they either have to dramatically cut government expenses or they have to default. But the austerity measures that the IMF and the ECB are pressuring these European governments to adopt are likely to have some very painful side effects. Not only will these austerity measures cause a significant slowdown in economic growth, they are also likely to cause the same kinds of protests, strikes and riots that we saw in Greece to erupt all over Europe. (Read More....)
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 Do you ever get to the point where you are just fed up with the way that things are headed? There are times when it seems as if we are all stuck in some kind of horrific nightmare that we can't wake up from. Day after day we get the privilege of watching our esteemed leaders down in Washington D.C. wreck the U.S. economy, push us towards socialism and globalism, and slowly erode our constitutional freedoms. Day after day we get the privilege of watching corruption and greed run wild down on Wall Street. Day after day those of us who are awake to what is going on find ourselves increasingly frustrated with the vast majority of Americans who are either too dazed, too drugged or too asleep to even care that the great nation that their forefathers built is in the process of crumbling all around them. Not that there aren't some promising signs out there. Certainly Rand Paul's recent victory in Kentucky shows that the American people are not automatically going to vote for the candidates backed by the establishment anymore. But it seems like every piece of good news these days is accompanied by a dozen news stories that are so bad that they make you want to scream. It is incredibly frustrating that tens of millions of Americans who bust their backs working incredibly long hours, who try to do what is right, and who truly do love their country are going to pay the price for the errors of a bunch of idiots down in Washington D.C. and New York. The America that so many of us grew up in love with (the once great Republic with the greatest free enterprise system in the world) is being strangled out of existence by a horde of globalists, socialists and elitists. Well, there are millions of us who are fed up. I am fed up. So today you are going to get an "editorial". Actually what you are going to get is an old-fashioned rant. But the truth is that we live during times when ranting is appropriate. Feel free to express your agreement or disagreement with the various things I am going to rant about below. Hopefully if enough people start talking about these things, the American people will wake up and start taking their country back. (Read More....)
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 One of the great joys that men in free societies have long enjoyed is the ability to earn an honest wage for an honest day of work. In particular, the amazing capitalist engine that powered the U.S. economy for decade after decade greatly rewarded the incredible hard work and industriousness of the American people. America was known as the land of opportunity, and we built the largest middle class in the history of the world by working incredibly hard. But today, all of that is fundamentally changing. Thanks to rapid advances in technology, and thanks to the globalization of the work force, the labor of American workers is rapidly losing value. Automation, robotics and computers have made many jobs obsolete. Today one man can do the work that a hundred men used to do. Not only that, but today American workers literally have to compete against workers from all over the globe. Global corporations often find themselves having to choose whether to build a factory in the United States or in the third world. But in the third world workers often earn less than 10% of what American workers earn, corporations are often not required to provide any benefits to workers, and there are usually hardly any oppressive government regulations. How can American workers compete against that? (Read More....)
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 What in the world is George Soros up to now? At the 2010 World Economic Forum in Davos, Switzerland Soros recently made the following statement: "When interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment. The ultimate asset bubble is gold." So is Soros trying to scare people away from gold? The truth is that the price of gold did rise about 40 percent last year. In the current economic environment, there has been a flight to safety as nervous investors have flocked to precious metals such as gold, silver and platinum. But are these bad investments that are overvalued right now? Not at all. The truth is that gold and silver are just about the only things that have held their value over the past 100 years. An ounce of gold could buy you a really nice suit 100 years ago and an ounce of gold can buy you a really nice suit today. But now that it is starting to come out that there could be massive reserves of gold and oil in Haiti, we should expect the ongoing manipulation of the precious metal markets only to intensify. The truth is that the big dogs like Soros want everyone else to get out of gold and silver so that they can swoop in and get more for themselves. (Read More....)
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9 Reasons Why Spain Is A Dead Economy Walking
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