Suffocated By Red Tape – 12 Ridiculous Regulations That Are Almost Too Bizarre To Believe

Even with all of the massive economic problems that the United States is facing, if the government would just get off our backs most of us would do okay.  In America today, it is rapidly getting to the point where it is nearly impossible to start or to operate a small business.  The federal government, the state governments and local governments are cramming thousands upon thousands of new ridiculous regulations down our throats each year.  It would take a full team of lawyers just to even try to stay informed about all of these new regulations.  Small business in the United States is literally being suffocated by red tape.  We like to think that we live in “the land of the free”, but the truth is that our lives and our businesses are actually tightly constrained by millions of rules and regulations.  Today there is a “license” for just about every business activity.  In fact, in some areas of the country today you need a “degree” and multiple “licenses” before you can even submit an application for permission to start certain businesses.  And if you want to actually hire some people for your business, the paperwork nightmare gets far worse.  It is a wonder that anyone in America is still willing to start a business from scratch and hire employees.  The truth is that the business environment in the United States is now so incredibly toxic that millions of Americans have simply given up and don’t even try to work within the system anymore. (Read More...)

15 Reasons Why Barack Obama’s Debt Commission Is An Exercise In Futility – The U.S. Government Will Never Have A Balanced Budget Ever Again

In a surprise move, the co-chairs of Barack Obama’s national debt commission released their preliminary proposals to the media on Wednesday.  The proposals are actually quite modest – they recommend that nothing be implemented until 2012 because of the weak economy, and their plan would not balance the federal budget until 2037 – but almost as soon as it was released Democrats and Republicans both started screaming bloody murder about how they would not support it.  The truth is that virtually none of our politicians are willing to make the hard choices that would be necessary to get the national debt under control.  Today, the U.S. national debt is rapidly approaching 14 trillion dollars and it is growing at an exponential rate. It is the single largest debt in the history of the world, and it has increased in size for 53 years in a row.  It would be very difficult to understate the true horror of the debt that the U.S. federal government has accumulated.  So what is the solution?  As you will see below, there isn’t one.  In fact, it will be an absolute miracle if our leaders are able to even slow down the rate at which the debt is growing in the years ahead. (Read More...)

Barack Obama: We Must Embrace Globalism And The Emerging One World Economy

Although it received very little coverage in the mainstream media, Barack Obama made some comments about globalism during his speech in Mumbai, India that were very eye-opening.  As he was discussing the new realities of world trade in 2010, Obama warned against “those who see globalization as a threat” and he spoke of the “integrated world” in which we all now live.  But is merging the entire globe into a one world economy, a one world financial system and a one world labor market really the best thing for the American people? (Read More...)

Barack Obama And Ben Bernanke Continue To Defend Quantitative Easing, But For The Rest Of The World The Verdict Is In: They Hate It

Even as Barack Obama and Ben Bernanke publicly defend the Federal Reserve’s new $600 billion quantitative easing program, top finance officials around the globe are expressing alarm and outrage.  But what did Obama and Bernanke expect?  “Quantitative easing” is little more than legalized cheating.  For a moment, imagine that the global economy is a giant game of Monopoly.  Essentially what Bernanke has done is that he has just reached under the table and has slipped another $600 billion on to his pile of money, hoping that the rest of the players will not call him out on it.  The rest of the world has heavily invested in the U.S. dollar and in U.S. Treasuries, and this new quantitative easing program is going to devalue all of those holdings.  If the Federal Reserve continues to go down the road of monetizing U.S. government debt, other nations are rapidly going to get spooked and will soon refuse to invest in U.S. dollars and U.S. Treasuries.  When that day arrives, it is going to cause mass panic in the world financial system. (Read More...)

Will You Be Able To Heat Your Home This Winter? Millions Of American Families Will Not

Will you have a warm house to come home to this winter?  If so, you should consider yourself to be very fortunate. With the United States experiencing the highest levels of long-term unemployment that it has seen since the Great Depression, millions of Americans families are simply out of money.  All across America this winter, families are going to be forced to make some heart breaking decisions.  For many, the choice will come down to either heating their home or putting food on the table.  According to the National Energy Assistance Directors’ Association, more than 10 million U.S. households will not be able to afford to heat their homes this winter without assistance, which would be a new all-time record.  So, if you are in a position to easily heat your home this winter, be very, very thankful.  The number of American families that cannot even afford the basics of life is growing by the day. (Read More...)

One Piece Of Moderately Good Economic News And 14 Pieces Of Bad Economic News That Are So Horrifying You Might Not Want To Read Them Standing Up

Today the financial world was buzzing with excitement because there was one moderately good piece of news for the U.S. economy.  U.S. employers added 151,000 jobs during the month of October and the unemployment rate remained unchanged at 9.6%.  This is certainly welcome news, but these days it seems as though there are at least ten pieces of bad economic news for every hopeful economic signal.  So don’t get fooled when the U.S. economy takes one step forward, because it is about to take another dozen or so steps backwards.  We are living in the middle of a nightmarish long-term economic decline that has been building for generations.  The deindustrialization of the United States, the horrific trade deficit caused by globalization and the skyrocketing national debt are problems that have taken decades to develop.  The Federal Reserve has been ripping the guts out of our financial system since 1913.  These are not things that are going to be fixed overnight.  In fact, there are some statistics that just keep getting worse and worse and worse as time goes by.  We are heading straight for a devastating economic collapse and hopefully we can all warn as many people as possible while there is still time. (Read More...)

Caught In A Lie: Bernanke Promised Congress The Federal Reserve Would Not Monetize The Debt But Now That Is Exactly What Is Happening

On June 3rd, 2009 Federal Reserve Chairman Ben Bernanke promised the U.S. Congress that the Federal Reserve would not monetize the debt of the U.S. government.  On November 3rd, 2010 the Federal Reserve announced a massive quantitative easing plan which will involve the purchase of 600 billion dollars of U.S. Treasury securities by the middle of 2011.  Creating 600 billion dollars out of thin air and using them to buy up U.S. government securities is monetizing the debt.  So Federal Reserve Chairman Ben Bernanke has been caught in a lie.  Will we ever be able to trust a single word that he says ever again? (Read More...)

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