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

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ISIS Is Taking Over Iraq Using Captured American Weapons

The Caliphate On The March - ISIS Media HubISIS is marching through city after city in Iraq, and they are doing it with American weapons.  Thanks to a series of stunning victories in recent months, ISIS has captured a vast array of U.S. military equipment including trucks, Humvees, rockets, artillery pieces and Stinger missiles.  When the U.S. was pulling out of Iraq, we were extremely generous to the new Iraqi army.  We basically armed them to the teeth with equipment that U.S. taxpayers paid for.  But now that the new Iraqi army is folding like a 20 dollar suit in the face of ISIS jihadists, vast quantities of that military equipment are falling into the hands of some of the most radical jihadists the world has ever seen.  And considering the fact that ISIS also recently seized the equivalent of nearly $500 million in cash from a bank in Mosul, the leadership of ISIS won't be having much problem buying anything else that they might need either.  ISIS is getting stronger with each passing day, and they are not going to be satisfied until the Iraqi government has been toppled.  It is a geopolitical mess of epic proportions, and there don't seem to be any easy solutions on the horizon. (Read More....)

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If The Clintons Are Worth 50 Million, Why Do They Get Nearly A Million A Year From The Taxpayers?

Obama Bush Clinton CarterSince leaving the White House, the Clintons have earned at least 100 million dollars and currently have a net worth of up to 50 million dollars.  So why in the world do the taxpayers need to give Bill Clinton $944,000 to fund his extravagant lifestyle in 2014?  If ordinary Americans truly understood how much money many former politicians are being handed every year they would go bananas.  According to a Congressional Research Service report that was published earlier this year, the federal government has given a total of nearly 16 million dollars to Bill Clinton since 2001.  Each one of those dollars is a dollar that some U.S. taxpayer worked really hard for or that we had to borrow.  Yes, we don't want our former presidents to go broke for a whole bunch of reasons, but it is absolutely absurd that we are showering them with millions upon millions of dollars. (Read More....)

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Happy New Year Middle Class: The Fiscal Cliff Is Going To Rip You To Shreds

Happy New Year Middle Class - The Fiscal Cliff Is Going To Rip You To ShredsThe middle class has quite a gift welcoming them as the calendar flips over to 2013.  Their payroll taxes are going to go up, their income taxes are going to go up, and approximately 28 million households are going to be hit with a huge, unexpected AMT tax bill on their 2012 earnings.  So happy New Year middle class!  You are about to be ripped to shreds.  In addition to the tax increases that I just mentioned, approximately two million unemployed Americans will instantly lose their extended unemployment benefits when 2013 begins, and new Obamacare tax hikes which will cost American taxpayers about a trillion dollars over the next decade will start to go into effect.  If Congress is not able to come to some sort of a deal, all middle class families in America will be sending thousands more dollars to Uncle Sam next year than they were previously.  And considering the fact that the middle class is already steadily shrinking and that the U.S. economy is already in an advanced state of decline, that is not good news.  You would think that both major political parties would want to do something to keep the middle class from being hit with this kind of tax sledgehammer.  Unfortunately, at this point it appears that our "leaders" in Washington D.C. are incapable of getting anything done.  So get ready for much smaller paychecks and much larger tax bills.  What is coming is not going to be pleasant. (Read More....)

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When The Derivatives Market Crashes (And It Will) U.S. Taxpayers Will Be On The Hook

Warren Buffett once said that derivatives are "financial weapons of mass destruction", and that statement is more true today than it ever has been before.  Recently, JP Morgan made national headlines when it announced that it was going to take a 2 billion dollar loss from derivatives trades gone bad.  Well, it turns out that JP Morgan did not tell us the whole truth.  As you will see later in this article, most analysts are estimating that the losses will eventually be far larger than 2 billion dollars.  But no matter how bad things get for JP Morgan, it will not be allowed to fail.  JP Morgan is the largest bank in the United States, so it is essentially the "granddaddy" of the too big to fail banks.  If JP Morgan gets to the point where it is about to collapse, the U.S. government and the Federal Reserve will rush in to save it.  Because of this "security blanket", banks such as JP Morgan feel free to take outrageous risks.  Today, JP Morgan has more exposure to derivatives than anyone else in the world.  If they win, they win big.  If they lose, U.S. taxpayers will be on the hook.  Not only that, but thanks to Dodd-Frank, U.S. taxpayers are on the hook for bailing out the major derivatives clearinghouses if there is ever a major derivatives crisis.  So when the derivatives market crashes (and it will) you and I will be left holding a gigantic bill. (Read More....)

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Government Waste: 20 Of The Craziest Things That The U.S. Government Is Spending Money On

You are not going to believe some of the things that the U.S. government is spending money on.  According to a shocking new report, U.S. taxpayer money is being spent to study World of Warcraft, to study how Americans find love on the Internet, and to study the behavior of male prostitutes in Vietnam.  Not only that, but money from the federal government is also being used to renovate a pizzeria in Iowa and to help a library in Tennessee host video game parties.  These are just some of the examples in a new report on government waste from Senator Tom Coburn entitled "Wastebook 2010".  Even as tens of millions of American families find themselves suffering through the worst economic downturn in modern history, the U.S. government continues to spend money on some of the craziest and most frivolous things imaginable.  Every single year articles are written and news stories are done about the horrific government waste that is taking place and yet every single year it just keeps getting worse.  So just what in the world is going on here? (Read More....)

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