55 Facts About The Debt And U.S. Government Finances That Every American Voter Should Know

The future of the United States of America is being systematically destroyed by our politicians, but unfortunately most Americans don’t really grasp exactly what is happening.  30 years ago, our national debt had just crossed the one trillion dollar mark.  Just recently, it crossed the 16 trillion dollar mark.  Prior to every election, politicians from both parties swear up and down that they will do something about our exploding debt, but it never happens.  Once again this year, our politicians are making all kinds of grand promises about getting U.S. government finances under control.  But they are also promising all kinds of new plans and programs which are going to cost a lot more money on top of what we are already spending.  For the average American, all of this can be incredibly confusing.  That is why I have put together a list of facts about the debt and U.S. government finances below.  These are things that every voter should know.  The federal government is stealing more than a trillion dollars a year from our children and our grandchildren, and they are spending that money in some of the most foolish ways that you could ever imagine.  We have accumulated the largest mountain of debt in the history of the world, but our politicians just can’t help themselves – they appear to be absolutely addicted to spending money.  If we continue on the path that we are currently on, our entire financial system and our entire economy will be destroyed by all of this debt.  Time is running out and urgent action is needed to address this crisis. (Read More...)

The Last Days Of America? 25 Signs Of Extreme Social Decay

Are we on the verge of societal collapse?  Many of the greatest empires throughout world history were not conquered by outside forces.  Rather, they crumbled inwardly as extreme social decay set in.  There have been many that have compared the last days of the Roman Empire to what America is going through right now.  In the decades following World War II, the United States was the most powerful and the most prosperous nation on the entire planet, but now things are rapidly changing.  There are literally thousands of signs that our society is collapsing all around us.  All you have to do to see this is turn on a television or pick up a newspaper.  I spend a lot of time discussing our nightmarish economic and political headaches in this column, but the truth is that our problems go much deeper than that.  Even if a major miracle happened and we got the “right person” into the White House, the Federal Reserve was shut down, our 16 trillion dollar national debt was paid off, our trade deficit went to zero, a solution was found for the quadrillion dollar derivatives bubble and the “too big to fail” banks were broken up, we would still be facing a national crisis of unprecedented magnitude.  The cold, hard reality of the matter is that America has become an absolute cesspool of filth and corruption, and the thin veneer of civilization that we all take for granted is rapidly disappearing.  Until we get our hearts right, there is not much hope for the future of this once great nation. (Read More...)

Greece Is Not Poor – It Actually Has Massive Uptapped Reserves Of Gold, Oil And Natural Gas

It turns out that the poster child for the European debt crisis is not actually poor at all.  In fact, the truth is that the nation of Greece is sitting on absolutely massive untapped reserves of gold, oil and natural gas.  If the Greeks were to fully exploit the natural resources that are literally right under their feet, they would no longer have any debt problems.  Fortunately, this recent economic crisis has spurred them to action and it is now being projected that Greece will be the number one gold producer in Europe by 2016.  In addition, Greece is now opening up exploration of their massive oil and natural gas deposits.  Reportedly, Greece is sitting on hundreds of millions of barrels of oil and gigantic natural gas deposits that are worth trillions of dollars.  It is truly sad that Greece should be one of the wealthiest nations in all of Europe but instead the country is going through the worst economic depression that it has experienced in modern history.  It is kind of like a homeless man that sleeps on the streets every night without realizing that a relative has left him an inheritance worth millions of dollars.  Greece is not poor at all, and hopefully the people of Greece can learn the truth about all of this wealth and chart a course out of this current mess. (Read More...)

21 Signs That The Global Economic Crisis Is About To Go To A Whole New Level

The global debt crisis has reached a dangerous new phase.  Unfortunately, most Americans are not taking notice of it yet because most of the action is taking place overseas, and because U.S. financial markets are riding high.  But just because the global economic crisis is unfolding at the pace of a “slow-motion train wreck” right now does not mean that it isn’t incredibly dangerous.  As I have written about previously, the economic collapse is not going to be a single event.  Yes, there will be days when the Dow drops by more than 500 points.  Yes, there will be days when the reporters on CNBC appear to be hyperventilating.  But mostly there will be days of quiet despair as the global economic system slides even further toward oblivion.  And right now things are clearly getting worse.  Things in Greece are much worse than they were six months ago.  Things in Spain are much worse than they were six months ago.  The same thing could be said for Italy, France, Japan, Argentina and a whole bunch of other nations.  The entire global economy is slowing down, and we are entering a time period that is going to be incredibly painful for everyone.  At the moment, the U.S. is still experiencing a “sugar high” from unprecedented fiscal and monetary stimulus, but when that “sugar high” wears off the hangover will be excruciating.  Reckless borrowing, spending and money printing has bought us a brief period of “economic stability”, but our foolish financial decisions will also make our eventual collapse far worse than it might have been.  So don’t think for a second that the U.S. will somehow escape the coming global economic crisis.  The truth is that before this is all over we will be seen as one of the primary causes of the crisis. (Read More...)

Will The Election Results Cause Massive Riots To Erupt All Over America?

Will the most divisive campaign in modern American history culminate in massive riots in our major cities?  Right now, supporters of Barack Obama and supporters of Mitt Romney are both pinning all of their hopes on a victory on November 6th.  The race for the presidency is extremely tight, and obviously the side that loses is going to be extremely disappointed when the election results are finalized.  But could this actually lead to violence?  Could we actually see rioting in communities all over America?  Well, the conditions are certainly ripe for it.  A whole host of surveys over the past few years have shown that Americans are very angry and very frustrated right now.  In fact, a Pew Research Center poll from late last year found that 86 percent of all Americans are either angry or frustrated with the federal government.  We have seen this frustration manifest in protest movements such as the Tea Party and Occupy Wall Street, but right now things are fairly calm as liberals and conservatives both look forward to November 6th.  Many Republicans started the countdown to the next election literally the day after John McCain lost back in 2008.  All of their hopes of getting Obama out of the White House are riding on a Romney victory.  For many Democrats, Barack Obama is a “once in a generation” icon.  Just the thought of Mitt Romney replacing Obama in the White House is enough to push many of them to the brink of insanity.  In recent years we have seen horrible rioting erupt in cities after major sports championship games.  How much worse could the rioting potentially be if this bitterly contested election is decided by a very narrow margin – especially if there are allegations that the election is “stolen”? (Read More...)

UNSUSTAINABLE

When it comes to explaining the problems with our economy, one of the hardest things to do is to get people to understand that we are living in an economic fantasy world that is completely and totally unsustainable.  As a nation we consume far more than we produce, we spend far more than we bring in, our debt is growing much faster than our GDP is, our entitlement programs are growing at an exponential rate, our retirement system is a Ponzi scheme and the Federal Reserve is printing money as if there is no tomorrow in a desperate attempt to paper over all of our problems.  But we have all grown so accustomed to the debt-fueled prosperity that we have been enjoying for so many decades that it actually feels “real” to most of us.  Unfortunately, history has shown us that it is simply not possible to grow your debt faster than your economy indefinitely.  At some point your consumption will drop back to a level more equal to your production.    Sometimes that adjustment can be gradual, but other times it can be extremely painful.  In our case, we have been living way above our means for so long that it would take a major economic miracle just to keep our adjustment to an “exceedingly painful” level.  We are living in the largest debt-fueled prosperity bubble in the history of the world, and our unsustainable economy is going to crash and burn at some point.  Hopefully it will be later rather than sooner, but a crash is most definitely coming. (Read More...)

28 Good Questions That The Mainstream Media Should Be Asking

Why is there so little trust in the mainstream media these days?  CNN ratings have been hovering close to record lows over the past few months.  A recent Gallup survey found that 60 percent of all Americans “have little or no trust” in the mainstream media.  That was a record high according to Gallup.  So why is this happening?  Sadly, the truth is that the mainstream media quit telling the truth a long time ago.  The mainstream media has an agenda, and more Americans than ever are beginning to recognize this.  Once upon a time, control of the news in the United States was at least somewhat decentralized.  But now there are just six giant media corporations that control almost everything that we see, hear and watch.  The version of “the news” that they give us is designed to serve the interests of those corporate giants and the other corporate giants that spend billions of dollars to advertise their products through those outlets.  Watching the news on television can be an extremely frustrating experience these days.  Yes, there are little bits and pieces of the truth in there, but you have to wade through an awful lot of “infotainment” to get to those bits and pieces.  That is one of the reasons why the “alternative media” has absolutely exploded in recent years.  The American people are hungry for the truth, and they are increasingly turning to alternative sources of news on the Internet in an attempt to find it. (Read More...)