The Future Of America? – More Than Half Of All U.S. Adults Under Age 30 Now Reject Capitalism

Young People Abstract - Public DomainA shocking new survey has found that support for capitalism is dying in America.  In fact, more than half of all adults in the United States under the age of 30 say that they do not support capitalism at this point.  You might be tempted to dismiss them as “foolish young people”, but the truth is that they are the future of America.  As older generations die off, they will eventually become the leaders of this country.  And of course our nation has not resembled anything close to a capitalist society for quite some time now.  In a recent article, I listed 97 different taxes that Americans pay each year, and some Americans actually end up returning more than half of what they earn to the government by the time it is all said and done.  So at best it could be said that we are running some sort of hybrid system that isn’t as far down the road toward full-blown socialism as most European nations are.  But without a doubt we are moving in that direction, and our young people are going to be cheering every step of the way. (Read More...)

Economy In Decline: Apple Reports Massive Revenue Decline As iPhone Sales Plummet Dramatically

Apple iPhone And Apple Computer - Public DomainCorporate revenues in the United States have been falling for quite some time, but now some of the biggest companies in the entire nation are reporting extremely disappointing results.  On Tuesday, Apple shocked the financial world by reporting that revenue for the first quarter had fallen 7.4 billion dollars compared to the same quarter last year.  That is an astounding plunge, and it represents the very first year-over-year quarterly sales decline that Apple has experienced since 2003.  Analysts were anticipating some sort of drop, but nothing like this.  And of course last week we learned that Google and Microsoft also missed revenue and earnings projections for the first quarter of 2016.  The economic crisis that began during the second half of 2015 is really starting to take hold, and even our largest tech companies are now feeling the pain. (Read More...)

Earth Changes In 2016? How To Get Prepared For The Coming Earthquakes And Volcanic Eruptions

Four Horsemen - Public DomainAll over the world seismic activity is increasing.  In recent weeks we have seen a dramatic earthquake in Ecuador, more than 600 earthquakes have experts extremely alarmed about what is happening to Japan’s southern Island, and 37 volcanoes around the planet are erupting right now.  Most of the large earthquakes and volcanic eruptions that we have witnessed lately have come along the Ring of Fire, which is an area of seismic instability which roughly encircles the Pacific Ocean.  Fortunately the west coast of the United States has been spared so far, but scientists tell us that tension has been building up along the San Andreas fault and the Cascadia Subduction Zone for decades, and they assure us that it is only a matter of time before we see a major event.  What that day arrives, will you be prepared? (Read More...)

In 1 Out Of Every 5 American Families, Nobody Has A Job

Family Silhouette - Public Domain 2If nobody is working in one out of every five U.S. families, then how in the world can the unemployment rate be close to 5 percent as the Obama administration keeps insisting? The truth, of course, is that the U.S. economy is in far worse condition than we are being told. Last week, I discussed the fact that the Federal Reserve has found that 47 percent of all Americans would not be able to come up with $400 for an unexpected visit to the emergency room without borrowing it or selling something. But Barack Obama and his minions never bring up that number. Nor do they ever bring up the fact that 20 percent of all families in America are completely unemployed. The following comes directly from the Bureau of Labor Statistics… (Read More...)

47 Percent Of Americans Cannot Even Come Up With $400 To Cover An Emergency Room Visit

One Dollar Bill - Public DomainIf you had to make a sudden visit to the emergency room, would you have enough money to pay for it without selling something or borrowing the funds from somewhere?  Most Americans may not realize this, but this is something that the Federal Reserve has actually been tracking for several years now.  And according to the Fed, an astounding 47 percent of all Americans could not come up with $400 to pay for an emergency room visit without borrowing it or selling something.  Various surveys that I have talked about in the past have found that more than 60 percent of all Americans are living to paycheck to paycheck, but I didn’t realize that things were quite this bad for about half the country.  If you can’t even come up with $400 for an unexpected emergency room visit, then you are just surviving from month to month by the skin of your teeth.  Unfortunately, about half of us are currently in that situation. (Read More...)

Preachers That Are Saying It Is ‘Anti-Christian’ To Get Prepared Are Being Exceedingly Irresponsible

Time Globe Abstract - Public DomainIs it “anti-faith” to prepare for the very hard times that are coming?  You would be surprised at how many Christians believe that this is true.  Recently, I have been reading a number of articles by Christian leaders that take the position that Christians should not be preppers, and not too long ago I watched two very well known ministers actually mock the idea of preparing for the future on a major Christian television show.  To me, this is exceedingly irresponsible.  If you don’t want to do anything to get prepared for the very difficult years that are coming that is your business, but don’t urge multitudes of your fellow believers to go down that road with you. (Read More...)

Corporations Are Defaulting On Their Debts Like It’s 2008 All Over Again

Corporate Debt Defaults - Public DomainThe Dow closed above 18,000 on Monday for the first time since July.  Isn’t that great news?  I truly wish that it was.  If the Dow actually reflected economic reality, I could stop writing about “economic collapse” and start blogging about cats or football.  Unfortunately, the stock market and the economy are moving in two completely different directions right now.  Even as stock prices soar, big corporations are defaulting on their debts at a level that we have not seen since the last financial crisis.  In fact, this wave of debt defaults have become so dramatic that even USA Today is reporting on it… (Read More...)

Dozens Of Large Earthquakes Strike As Speculation Mounts That Japan’s Southern Island May Split

Kyushu EarthquakesOver the past 48 hours, our planet has been hit by literally dozens of earthquakes of magnitude 4.0 or greater, and scientists are acknowledging that what is taking place is highly unusual.  This strange shaking began toward the end of last week when the globe was struck by five major earthquakes over the space of just two days, and over the weekend the seismic activity just continued to escalate.  Very early on Saturday, Japan’s southern island of Kyushu was hit by a magnitude 7.3 earthquake, and on Saturday night a magnitude 7.8 earthquake struck off Ecuador’s Pacific coast.  It was the worst earthquake that Ecuador had experienced since 1979, and it was followed by at least 163 aftershocks.  Unfortunately, there are indications that what we have seen so far may be just the beginning. (Read More...)

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