The Beginning Of The End
The Beginning Of The End By Michael T. Snyder - Kindle Version

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The Level Of Economic Freedom In The United States Is At An All-Time Low

Photo by U.S. Senator Mike LeeAmericans have never had less economic freedom than they do right now.  The 2014 Index of Economic Freedom has just been released, and it turns out that the level of economic freedom in the United States has now fallen for seven consecutive years.  But of course none of us need a report or a survey to tell us that.  All we have to do is open our eyes and look around.  At this point our entire society is completely dominated by control freaks and bureaucrats.  Our economy is literally being suffocated to death by millions of laws, rules and regulations and each year brings a fresh tsunami of red tape.  As you will see below, the U.S. government issued more than 80,000 pages of brand new rules and regulations last year on top of what we already had.  Even if we didn't have all of the other monumental economic problems that we are currently facing, all of this bureaucracy alone would be enough to kill our economy. (Read More....)

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Basel III: How The Bank For International Settlements Is Going To Help Bring Down The Global Economy

The Bank For International Settlements - Photo by Yago VeithA new set of regulations that most people have never even heard of that was developed by an immensely powerful central banking organization that most people do not even know exists is going to have a dramatic effect on the global financial system over the next several years.  The new set of regulations is known as "Basel III", and it was developed by the Bank for International Settlements.  The Bank for International Settlements has been called "the central bank for central banks", and it is headquartered in Basel, Switzerland.  58 major central banks (including the Federal Reserve) belong to the Bank for International Settlements, and the decisions made in Basel often have more of an impact on the direction of the global economy than anything the president of the United States or the U.S. Congress are doing.  All you have to do is to look back at the last financial crisis to see an example of this.  Basel II and Basel 2.5 played a major role in precipitating the subprime mortgage meltdown.  Now a new set of regulations known as "Basel III" are being rolled out.  The implementation of these new regulations is beginning this year, and they will be completely phased in by 2019.  These new regulations dramatically increase capital requirements and significantly restrict the use of leverage.  Those certainly sound like good goals, the problem is that the entire global financial system is based on credit at this point, and these new regulations are going to substantially reduce the flow of credit.  The only way that the giant debt bubble that we are all living in can continue to persist is if it continues to expand.  By restricting the flow of credit, these new regulations threaten to burst the debt bubble and bring down the entire global economy. (Read More....)

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They Are Murdering Small Business: The Percentage Of Self-Employed Americans Is At A Record Low

They Are Murdering Small Business - The Percentage Of Self-Employed Americans Is At A Record Low - Photo by Tina McKimmieThe percentage of Americans that are working for themselves has never been lower in the history of the United States.  Once upon a time, the United States was a paradise for entrepreneurs and small businesses, but now the control freak bureaucrats that dominate our society have created a system that absolutely eviscerates them.  This is very unfortunate, because by murdering small business, the bureaucrats are destroying the primary engine of job growth in this country.  One of the big reasons why there are not enough jobs in America today is because small business creation is way down.  As I mentioned yesterday, entrepreneurs and small businesses are being absolutely devastated by rules, regulations, red tape and by oppressive levels of taxation.  If anyone doubts that small business in the United States is dying, just look at the charts below.  Sadly, this is what the bureaucrats that run things want.  They don't want us to be independent of the system.  Instead, they are much more comfortable when as many of us as possible are heavily dependent on the system in one way or another.  If all of us have to go running to the government or to one of the big corporations for a job, then we are much easier to control.  But as the control freaks continue to construct their bureaucratic utopia, they are also killing off what once made the U.S. economy so great. (Read More....)

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Rise Of The Droids: Will Robots Eventually Steal All Of Our Jobs?

Rise Of The Droids: Will Robots Eventually Steal All Of Our Jobs? - Photo by stephen bowlerWill a robot take your job?  We have entered a period in human history when technology is advancing at an exponential rate.  In some ways, this has been a great blessing for humanity.  For example, I am absolutely blown away by all of the things that my little iPod can do.  But on the other hand, all of this technology is eliminating millions upon millions of high paying jobs.  In the past, I have written extensively about how millions of American jobs have been sent to the other side of the world, but now we may be moving into a time when workers all over the planet will be steadily losing jobs to super-efficient robots.  For employers, robots provide a lot of advantages to human workers.  Robots never complain, they never get tired, they never need vacation, they never show up late, they never waste time of Facebook, they don't need any health benefits and there are a whole lot of rules, regulations and taxes that you must deal with when you hire a human worker.  In the past, robots were exceedingly expensive, and that limited their usefulness in the workplace, but as you will see later in this article that is rapidly changing.  As robots continue to become even more advanced and even less expensive, will there eventually come a point where the "human worker" is virtually obsolete? (Read More....)

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Share This Massive List Of Post-Election Firings And Layoffs With Everyone You Can

The victory by Barack Obama on election night has resulted in a huge wave of firings and layoffs all over America.  A large number of businesses seem to have suddenly shifted into panic mode.  The number of layoff announcements that we have seen in the last 48 hours has been absolutely shocking.  So why is this happening?  Well, the truth is that the federal government is absolutely suffocating small businesses all over America with rules, regulations and taxes.  If you have never tried to run a small business, then you have no idea how oppressive this system actually is for people that are trying to run small businesses successfully.  It has steadily gotten worse over the years no matter who has been in the White House and no matter who has controlled Congress.  So we shouldn't put 100% of the blame on Obama.  Bush massively expanded government and made things harder on small business people too.  But what many small business people were looking for on this election day was just a little bit of help.  Many were desperately holding out hope that Obamacare would be repealed so that they would not have to get rid of some of their employees.  Many were hoping to get a little bit of relief from the crippling regulations and taxes that are absolutely crushing them.  But now that Barack Obama has been given another four years, they understand that there is no hope on the horizon and that things are only going to get worse.  So they are making the hard decisions that they feel are necessary in order to survive in this economic environment. (Read More....)

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18 Examples Of The Nanny State Gone Wild

America has been overrun by control freaks.  Once upon a time the United States was considered to be "the land of the free and the home of the brave", but today there are millions of laws, rules and regulations that tightly regulate our daily lives.  Most of these laws, rules and regulations were established by people who believed that they had "good intentions", but at this point the nanny state has become so oppressive that it is strangling the life out of us.  If you look back throughout history, the societies that have really thrived have had a very high degree of liberty and freedom.  When the bureaucrats get the upper hand, it can suck the life out of any economy.  Unfortunately, our political system seems to be a magnet for control freaks.  These control freaks truly believe that they know better than the rest of us and they are systematically moving toward taking total control of our lives.  Our rights are being stripped away a little bit more with each passing day, and we are being told that we need a "permit" or a "license" for almost everything.  Many younger Americans have been living this kind of "straight jacket existence" for so long that they don't even remember what real liberty and freedom are.  We are steamrolling down the road toward totalitarianism, and most Americans don't even realize what is happening. (Read More....)

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Federal Bureaucrats: Get Your Dirty Hands Off Of Our Light Bulbs

In the United States today, thousands upon thousands of ridiculous federal regulations tightly control almost every area of our lives.  One example of this is that starting on January 1st, we are no longer going to be able to buy certain kinds of light bulbs in the United States.  Back in 2007, President George W. Bush signed a law that mandates the following: "Manufacturers will no longer be able to make the 100-watt Thomas Edison bulb after Jan. 1, 2012, followed by the 75-watt version in Jan. 2013, and the the 60- and 40-watt bulbs in Jan. 2014."  Yes, you read that correctly.  Federal bureaucrats are running wild and the nanny state has decided that you are simply not going to have the choice to buy traditional light bulbs anymore.  So why the change?  Incandescent light bulbs have not been proven to be unsafe and consumers still want to buy them.  The new CFL (compact fluorescent lamp) light bulbs are more expensive and are actually worse for the environment.  So why was this law passed?  The feds passed it because they decided that existing light bulbs use too much energy and have too large of a "carbon footprint".  Instead of giving us choices and attempting to persuade us to change, the federal government is ramming their will down our throats.  Well, it is about time that we told the federal bureaucrats that are trying to take our freedoms away that we want them to get their dirty hands off of our light bulbs. (Read More....)

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