The average American spends more than 10 hours a day using an electronic device. And most of that activity is not even interactive. The vast majority of the time we are just passively absorbing content that someone else has created. This very much reminds me of the movie “the Matrix”, but with a twist. Instead of humans being forcefully connected to “the Matrix”, we are all willingly connecting ourselves to it. There is a giant system that defines our reality for us, and the length of time that the average American spends connected to it just continues to keep growing. In fact, there are millions upon millions of us that simply do not “feel right” unless there is at least something on in the background. Just think about it. How much time do you spend each day with all electronic devices completely turned off? Thanks to technology, we live at a time when more news, information and entertainment is at our fingertips than ever before, and we are consuming more of it than ever before. But this also gives a tremendous amount of power to those that create all of this news, information and entertainment. As I have written about previously, more than 90 percent of the “programming” that we absorb is created by just 6 enormously powerful media corporations. Our conversations, attitudes, opinions and belief systems are constantly being shaped by those entities. Unfortunately, most of us are content to just sit back and let it happen. (Read More...)
10 Charts Which Show We Are Much Worse Off Than Just Before The Last Economic Crisis
If you believe that ignorance is bliss, you might not want to read this article. I am going to dispel the notion that there has been any sort of “economic recovery”, and I am going to show that we are much worse off than we were just prior to the last economic crisis. If you go back to 2007, people were feeling really good about things. Houses were being flipped like crazy, the stock market was booming and unemployment was relatively low. But then the financial crisis of 2008 struck, and for a while it felt like the world was coming to an end. Of course it didn’t come to an end – it was just the first wave of our problems. The waves that come next are going to be the ones that really wipe us out. Unfortunately, because we have experienced a few years of relative stability, many Americans have become convinced that Barack Obama, Janet Yellen and the rest of the folks in Washington D.C. have fixed whatever problems caused the last crisis. Even though all of the numbers are screaming otherwise, there are millions upon millions of people out there that truly believe that everything is going to be okay somehow. We never seem to learn from the past, and when this next economic downturn strikes it is going to do an astonishing amount of damage because we are already in a significantly weakened state from the last one. (Read More...)
It’s Official: Americans R Stupid
As Americans, we tend to be pretty full of ourselves, and this is especially true of our young people. But do we really have reason for such pride? According to a shocking new report from the Educational Testing Service, Americans between the ages of 20 and 34 are way behind young adults in other industrialized nations when it comes to literacy, mathematics and technological proficiency. Even though more Americans than ever are going to college, we continue to fall farther and farther behind intellectually. So what does this say about us? Sadly, the truth is that Americans are stupid. Our education system is an abysmal failure, and our young people spend most of their free time staring at the television, their computers or their mobile devices. And until we are honest with ourselves about this, our intellectual decline is going to get even worse. (Read More...)
California Is Turning Back Into A Desert And There Are No Contingency Plans
Once upon a time, much of the state of California was a barren desert. And now, thanks to the worst drought in modern American history, much of the state is turning back into one. Scientists tell us that the 20th century was the wettest century that the state of California had seen in 1000 years. But now weather patterns are reverting back to historical norms, and California is rapidly running out of water. It is being reported that the state only has approximately a one year supply of water left in the reservoirs, and when the water is all gone there are no contingency plans. Back in early 2014, California Governor Jerry Brown declared a drought emergency for the entire state, but since that time water usage has only dropped by 9 percent. That is not nearly enough. The state of California has been losing more than 12 million acre-feet of total water a year since 2011, and we are quickly heading toward an extremely painful water crisis unlike anything that any of us have ever seen before. (Read More...)
Why I Wouldn’t Want To Be A Police Officer In America Today
Can you imagine going to work each day knowing that there are lots of people out there that would love to see you dead? Despite what a lot of Americans may think, it takes real courage to be a police officer in this country today. Every time you put on that uniform and walk out the front door, it might be the very last time that you ever see your spouse and family. Yes, there is a whole lot of needless police brutality in the United States in 2015, and I am going to address that later in this article. But most police officers are just regular people that are trying to do their jobs and serve their communities. And on Wednesday, we got a reminder of just how dangerous those jobs can be. At around midnight on Wednesday, two Ferguson police officers were ambushed. A 32-year-old officer named Webster Groves was shot just beneath his right eye, and another 41-year-old officer was hit in the shoulder. Sadly, this is probably only just the beginning. Racial tensions continue to escalate, and we are on the verge of a great financial crisis which will cause economic conditions in our cities to deteriorate rapidly. By the end of this decade, I fully expect civil unrest, rioting, looting and mindless violence to become commonplace in large cities all across America. In such an environment, it will be extremely dangerous to be a police officer. (Read More...)
Guess What Happened The Last Two Times The S&P 500 Was Up More Than 200% In Six Years?
Just a few days ago, the bull market for the S&P 500 turned six years old. This six year period of time has been great for investors, but what comes next? On March 9th, 2009 the S&P 500 hit a low of 676.53. Since that day, it has risen more than 200 percent. As you will see below, there are only two other times within the last 100 years when the S&P 500 performed this well over a six year time frame. In both instances, the end result was utter disaster. And as you take in this information, I want you to keep in mind what I said in my previous article entitled “7 Signs That A Stock Market Peak Is Happening Right Now“. What we are witnessing at this moment is classic “peaking behavior”, and there is a long way to go down from here. So if historical patterns hold up, those with lots of money in the stock market could soon be in for a whole lot of trouble. (Read More...)
The Last, Great Run For The U.S. Dollar, The Death Of The Euro And 74 Trillion In Currency Derivatives At Risk
Are we on the verge of an unprecedented global currency crisis? On Tuesday, the euro briefly fell below $1.07 for the first time in almost a dozen years. And the U.S. dollar continues to surge against almost every other major global currency. The U.S. dollar index has now risen an astounding 23 percent in just the last eight months. That is the fastest pace that the U.S. dollar has risen since 1981. You might be tempted to think that a stronger U.S. dollar is good news, but it isn’t. A strong U.S. dollar hurts U.S. exports, thus harming our economy. In addition, a weak U.S. dollar has fueled tremendous expansion in emerging markets around the planet over the past decade or so. When the dollar becomes a lot stronger, it becomes much more difficult for those countries to borrow more money and repay old debts. In other words, the emerging market “boom” is about to become a bust. Not only that, it is important to keep in mind that global financial institutions bet a tremendous amount of money on currency movements. According to the Bank for International Settlements, 74 trillion dollars in derivatives are tied to the value of the U.S. dollar, the value of the euro and the value of other global currencies. When currency rates start flying around all over the place, you can rest assured that someone out there is losing an enormous amount of money. If this derivatives bubble ends up imploding, there won’t be enough money in the entire world to bail everyone out. (Read More...)
7 Signs That A Stock Market Peak Is Happening Right Now
Is this the end of the last great run for the U.S. stock market? Are we witnessing classic “peaking behavior” that is similar to what occurred just before other major stock market crashes? Throughout 2014 and for the early stages of 2015, stocks have been on quite a tear. Even though the overall U.S. economy continues to be deeply troubled, we have seen the Dow, the S&P 500 and the Nasdaq set record after record. But no bull market lasts forever – particularly one that has no relation to economic reality whatsoever. This false bubble of financial prosperity has been enjoyable, and even I wish that it could last much longer. But there comes a time when we all must face reality, and the cold, hard facts are telling us that this party is about to end. The following are 7 signs that a stock market peak is happening right now… (Read More...)