Egypt Is Descending Into Civil War, But Don’t Expect Obama To Cancel His Golf Vacation

Cairo Violence - Posted by Mosaaberizing on TwitterThe largest Islamic nation in the Middle East is on the verge of descending into civil war, the Syrian civil war is starting to spill over into Lebanon, and the worst violence in five years has just hit Iraq, but Barack Obama is way too busy to be bothered with any of that.  Right now, Obama is enjoying one of the true loves of his life – golf.  According to the Washington Post, Obama has “played 18 holes of golf every day but one this week”, and without a doubt he appears to really be enjoying his time up in Martha’s Vineyard.  I hear that it is absolutely beautiful up there this time of the year.  And apparently he needs the rest.  After all, prior to this vacation he has only had time to play 133 rounds of golf since becoming president.  Between snubbing world leaders and getting the U.S. economy going again, it must be really tough for Obama to find enough time to sharpen his game. (Read More...)

If This Guy Is What The Future Of America Looks Like, We Are In BIG Trouble

Panic Button By John On FlickrShould taxpayer dollars be used to buy sushi and lobster for a young man whose future plans consist entirely of surfing and partying as much as he possibly can?  When I first saw the video that I am about to share with you, I was absolutely floored.  Recently, Fox News interviewed a self-described beach bum named Jason Greenslate who was very open about the fact that he has no problem sponging off of all the rest of us.  When he was asked if he ever had any interest in actually getting a job, his response was “not whatsoever”.  Instead, he says that his job is to “make sure the sun’s up and the girls are out” and he would rather spend his days partying.  Of course every American should be free to live their own lives as they see fit, but the problem is that Jason Greenslate is using food stamps to help support his lifestyle.  In fact, he took Fox News into the gourmet section of a local supermarket where he purchased sushi and lobster with his EBT card.  Sadly, he is just like millions of other young men in America today that seemingly have had the drive to succeed and to be independent totally sucked out of them.  But what is the future of America going to look like if we continue to produce millions upon millions of young men that have absolutely no desire to make a living, get married and start a family? (Read More...)

This Is The Biggest Cluster Of Hindenburg Omens Since The Last Stock Market Crash

Hindenburg OmenAre we heading for a major stock market decline?  Warnings about a crash of the financial markets are quite common these days, and usually they don’t materialize.  But this time may be different.  A number of top analysts are pointing out the fact that the biggest cluster of “Hindenburg Omens” has appeared since the last stock market crash.  And those that have studied this insist that the more “Hindenburg Omens” there are in a cluster, the stronger the signal is.  Meanwhile, another very disturbing sign is the fact that the yield on 10 year U.S. Treasuries is starting to soar again.  On Tuesday it shot up from 2.62% to 2.727%.  As I have written about previously, the yield on 10 year U.S. Treasuries is the most important number in the U.S. economy right now.  If that number continues to rise, it is going to be very, very bad news for the financial system. (Read More...)

They Are Systematically Destroying Our Independence And Making Us All Serfs Of The State

Shackled prisoner - Photo by LuftluzerThe percentage of Americans that are economically independent has dropped to a stunningly low level.  In order to be economically independent, you have got to be able to take care of yourself without any assistance from anyone else.  Unless you are independently wealthy, that means that you either have your own business or you have a full-time job.  Unfortunately, as you will see below, the percentage of Americans that are self-employed is at an all-time record low and the percentage of Americans with a full-time job has declined to a level not seen in about 30 years.  As a result, more Americans than ever find themselves forced to turn to the government for assistance.  When you add it all up, about half of all Americans get money from the government each month these days.  And yes, there will always be poor people that cannot take care of themselves that need help, but when you have more than half of the population dependent on the government that is a major problem.  You see, the truth is that our independence is systematically being taken away from us and we are steadily being made serfs of the state.  And once you become a serf of the state, it is very hard to resist anything the government is doing in a meaningful way.  After all, the money that you are getting from the government is enabling you to survive.  In essence, your allegiance has been at least partially purchased and you may not even realize it. (Read More...)

Why Are So Many People Choosing To Leave The United States Permanently?

The United States Of America At NightHave things gotten so bad that it is time to leave the United States for good?  That is a question that a lot of Americans are dealing with these days, and an increasing number of them are choosing to leave the country of their birth permanently.  Some are doing it for tax reasons, some are doing it because they believe the future is brighter elsewhere, and others are doing it because they are very distressed about the direction that America is heading and they don’t see any hope for a turnaround any time soon.  Personally, I have several friends and contacts that regard themselves as “preppers” that have decided that the United States is too far gone to recover.  They have moved their families out of the country and they never plan to return.  As this nation continues to head down the very troubled road that it is currently on, this trend is probably only going to accelerate even more. (Read More...)

Are These The Last Days Of The U.S. Marine Corps?

MarinesAre the current personnel cuts the beginning of the end for the U.S. Marines?  Could these actually be the last days of the U.S. Marine Corps?  A decade ago, such a notion would have been absolutely unthinkable, but times have changed.  The Marine Corps was already in the process of drawing down from a peak of 202,100 Marines to 182,100, and now Defense Secretary Chuck Hagel is warning that the sequester cuts may force the Army to be cut down to a size of 380,000 and the Marine Corps to be cut down to a size of 150,000.  Unfortunately for the Marines, even larger cuts may eventually be coming.  Many in the Obama administration and in the Pentagon are now openly questioning whether there will be an important role for the Marines to play in the future.  After all, the U.S. military has not conducted a major amphibious landing since the Korean War.  As our politicians look for even more ways to cut military expenses in the years ahead, the Marines may end up being very tempting “low hanging fruit” that the bureaucrats can’t resist.  And unless another major conflict erupts, it seems clear that more cuts are probably coming.  In fact, even the New York Times admits that “deep reductions” to the U.S. military have long been an important goal for Barack Obama. (Read More...)

A Quadrillion Yen And Counting – The Japanese Debt Bomb Could Set Off Global Panic At Any Moment

Shibuya Crossing in Tokyo, JapanHow much is 1,000,000,000,000,000 yen worth?  Well, a quadrillion yen is worth approximately 10.5 trillion dollars.  It is an amount of money that is larger than the “the economies of Germany, France and the U.K. combined“.  It is such an astounding amount of debt that it is hard to even get your mind around it.  The government debt to GDP ratio in Japan will reach 247 percent this year, and the Japanese currently spend about 50 percent of all central government tax revenue on debt service.  Realistically, there are only two ways out of this overwhelming debt trap for the Japanese.  Either they default or they try to inflate the debt away.  At this point, the Japanese have chosen to try to inflate the debt away.  They have initiated the greatest quantitative easing experiment that a major industrialized nation has attempted since the days of the Weimar Republic.  Over the next two years, the Bank of Japan plans to zap 60 trillion yen into existence out of thin air and use it to buy government bonds.  By the time this program is over, the monetary base in Japan will have approximately doubled.  But authorities in Japan are desperate.  They know that the Japanese debt bomb could set off global panic at any time, and they are trying to find a way out that will not cause too much pain. (Read More...)

During The Best Period Of Economic Growth In U.S. History There Was No Income Tax And No Federal Reserve

The American Free Market System At WorkHow would America ever survive without the central planners in the Obama administration and at the Federal Reserve?  What in the world would we do if there was no income tax and no IRS?  Could the U.S. economy possibly keep from collapsing under such circumstances?  The mainstream media would have us believe that unless we have someone “to pull the levers” our economy would descend into utter chaos, but the truth is that the best period of economic growth in U.S. history occurred during a time when there was no income tax and no Federal Reserve.  Between the Civil War and 1913, the U.S. economy experienced absolutely explosive growth.  The free market system thrived and the rest of the world looked at us with envy.  The federal government was very limited in size, there was no income tax for most of that time and there was no central bank.  To many Americans, it would be absolutely unthinkable to have such a society today, but it actually worked very, very well.  Without the inventions and innovations that came out of that period, the world would be a far different place today. (Read More...)