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Today there are literally dozens of major threats to the U.S. economy. Each one of these threats alone could cause a major economic implosion. The Gulf of Mexico oil spill, the derivatives bubble, the housing crisis, the exploding U.S. national debt and the burgeoning European debt crisis all threaten to push the struggling U.S. economy over the edge. But which one is America's biggest economic problem? Below, 16 of America's greatest economic threats are listed in no particular order. The goal of this article is to hear what all of you readers believe is the worst crisis the U.S. economy is facing. If you would like to vote, please choose one of the 16 economic problems listed below (or nominate one of your own) and leave a comment explaining your choice.... (Read More....)
So just how big is the U.S. national debt in 2010? Well, according to the U.S. Treasury Department, on June 1st the U.S. National Debt was $13,050,826,460,886.97. For those not used to seeing such big numbers, that is over 13 trillion dollars. To give you an idea of just how much a trillion dollars is, if you had started spending one million dollars every single day when Christ was born, you still would not have spent one trillion dollars by now. And yet somehow the U.S. government has accumulated a debt of over 13 trillion dollars. This is a debt that we have callously placed on the backs of future generations of Americans. Somehow we have the gall to expect our progeny to pay off the biggest mountain of debt in the history of the world. What we have done to future generations is beyond sickening. (Read More....)
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....)
Most people around the globe think of America as a great "capitalist" economic machine, but the truth is that the U.S. financial system is essentially one massive betting parlor at this point. In fact, there has been a whole lot of easy money made in this betting parlor over the past several years by our politicians and by the big financial players down on Wall Street. So how did they make all of this money? They did it by betting against America. By betting that the U.S. economy would do badly, a lot of very powerful people have gotten insanely wealthy. Literally billions of dollars have been made over the past five years simply by betting that the U.S. housing market would go into the toilet. But is all of this "short selling" and are all of these "side bets" actually good for the American economy? How is the U.S. economy supposed to succeed when the big banks and so many of our politicians are actively making bets against it? (Read More....)
One of the key signs that we are in the early stages of an economic collapse and that we are heading towards another Great Depression is America's crumbling infrastructure. The truth is that our infrastructure is literally falling apart all around us. Thousands of bridges are structurally deficient and there have already been some very high profile collapses. Over 30 percent of the highways and roads in the United States are in very poor shape. Aging sewer systems are leaking raw sewage all over the place. The power grid is straining to keep up with the ever-increasing thirst of the American people for electricity. There have already been some regional blackouts, and unless something is done quickly things promise to get even worse. The truth is that a nation's infrastructure says a lot about who they are. So what does America's infrastructure say about us? It says that we are a rusting, crumbling, decaying leftover from a better, more prosperous time. (Read More....)
When you watch the mainstream news, how often do you hear them identify the Federal Reserve as the ultimate source of all of our financial problems? Never? Well, there is a good reason. The Federal Reserve was created and continues to benefit the elite international bankers that are raping the United States blind financially. Many of the same financial powers own large interests in the 6 gigantic media companies that dominate U.S. mainstream media. So you won't hear the truth from them. On this website we go on and on about how bad the U.S. national debt is. And it is really, really, really bad. But rarely do you hear from anyone who we owe all of this money to. Yeah, we owe large amounts to Japan and China and a bunch of other nations, but the biggest holder of our debt by far is the Federal Reserve. Just like the owner of your mortgage or your car loan, they expect to be paid back - with interest. (Read More....)
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What Do You Believe Is America's Biggest Economic Problem?