What does America stand for? That question is a lot more complicated than you might think. Our Founding Fathers established a Republic that was based on a set of shared values that were embodied in the text of the U.S. Constitution. But today, many of our politicians openly disregard the Constitution whenever they want and it has become fashionable to mock the U.S. Constitution. For example, the New York Times recently published a piece by Georgetown University Professor Louis Michael Seidman entitled “Let’s Give Up On The Constitution” in which he publicly called the Constitution “archaic” and “downright evil”. This is a man that has been teaching constitutional law to the next generation of lawyers at one of the top universities in the nation for nearly 40 years. Unfortunately, Seidman is not an aberration. The truth is that law schools all over America are absolutely packed with professors that teach that we should consider the U.S. Constitution a “living, breathing document” that must “evolve” as society evolves. They also teach that when we find something in the Constitution that does not work for us today that we should just ignore it. In fact, in his New York Times article Seidman insisted that “constitutional disobedience” is “as old as the Republic”. But if we can just ignore the U.S. Constitution whenever we want, where does that leave us? Should we be able to ignore all laws when they are not convenient for us? (Read More...)
By The Numbers: 20 Facts About The Collapse Of Europe That Everyone Should Know
The economic implosion of Europe is accelerating. Even while the mainstream media continues to proclaim that the financial crisis in Europe has been “averted”, the economic statistics that are coming out of Europe just continue to get worse. Manufacturing activity in Europe has been contracting month after month, the unemployment rate in the eurozone has hit yet another brand new record high, and the official unemployment rates in both Greece and Spain are now much higher than the peak unemployment rate in the United States during the Great Depression of the 1930s. The economic situation in Europe is far worse than it was a year ago, and it is going to continue to get worse as austerity continues to take a huge toll on the economies of the eurozone. It would be hard to understate how bad things have gotten – particularly in southern Europe. The truth is that most of southern Europe is experiencing a full-blown economic depression right now. Sadly, most Americans are paying very little attention to what is going on across the Atlantic. But they should be watching, because this is what happens when nations accumulate too much debt. The United States has the biggest debt burden of all, and eventually what is happening over in Spain, France, Italy, Portugal and Greece is going to happen over here as well. (Read More...)
If Obama Can Just Create A Trillion Dollar Coin, Then Why Do We Have To Pay Taxes?
If Barack Obama can “solve” the debt ceiling crisis by printing up some trillion dollar coins, then why does the federal government need our money? As another debt ceiling showdown approaches, many in the liberal media are suggesting that if Congress does not raise the debt ceiling that Obama should just have the U.S. Treasury create a trillion dollar platinum coin and use it to pay our bills. It sounds crazy, but many notable voices (including Paul Krugman of the New York Times) are supporting this idea. But if the federal government has had the power to create trillion dollar coins out of thin air all this time, then why do we have to pay taxes? Not only that, why do we have a national debt? If the federal government can just create money whenever it wants, then why does the federal government ever have to borrow it from others? The U.S. Constitution actually grants Congress the power to “coin money”, so why is the Federal Reserve doing it? Those are some very important questions. Most Americans don’t even realize that the U.S. government never actually needed to borrow a single penny from anyone else. The U.S. Congress has the authority to create debt-free money whenever it wants to. Conceivably, the entire federal government could be funded without ever borrowing a single dollar and without ever receiving a single dollar from any of us in taxes. Just imagine that – a nation without a single penny of national debt, no income tax and no IRS. What a wonderful world that would be. Of course there would be other potential dangers under such a system (such as runaway inflation), and those dangers would have to be addressed. But the truth is that we don’t have to have an income tax or 16 trillion dollars of government debt. We only have those things because we have chosen to have those things. (Read More...)
Large Cities All Over America Are Degenerating Into Gang-Infested War Zones
Large U.S. cities that the rest of the world used to look at in envy are now being transformed into gang-infested hellholes with skyrocketing crime rates. Cities such as Chicago, Detroit, Camden, East St. Louis, New Orleans and Oakland were once bustling with economic activity, but as industry has fled those communities poverty has exploded and so has criminal activity. Meanwhile, financial problems have caused all of those cities to significantly reduce their police forces. Sadly, this same pattern is being repeated in hundreds of communities all over the nation. The mainstream media loves to focus on mass shooters such as Adam Lanza, but the reality is that gang violence is a far greater problem in the United States than mass shooters ever will be. There are approximately 1.4 million gang members living in America today according to the FBI. That number has shot up by a whopping 40 percent just since 2009. There are several factors fueling this trend. Unemployment among our young people is at an epidemic level, about one out of every three U.S. children lives in a home without a father, and there are millions of young men who have come into this country illegally and have no way to legally support themselves once they arrive in our cities. Gangs provide a support system, a feeling of “community”, and a sense of purpose for many young people. Unfortunately, most of these gangs use violence and crime to achieve their goals, and they are taking over communities all over America. If your community is not a gang-infested war zone yet, you should consider yourself to be very fortunate. If nothing is done about this, the violence and the crime that is fueled by these gangs will continue to spread, and eventually nearly every single community in the United States will be affected by it. (Read More...)
65 Percent Of Americans Believe That 2013 Will Be A Year Of Economic Difficulty
Do you believe that economic trouble is coming in 2013? If so, you have a lot of company. According to a brand new Gallup poll that was just released, 65 percent of Americans believe that 2013 will be a year of “economic difficulty” while only 33 percent of Americans believe that 2013 will be a year of “economic prosperity”. Gallup has been asking this question for a lot of years, and the percentage of Americans that are anticipating economic difficulty in the year ahead has not been this high since the early 1980s. And without a doubt, there are a whole lot of reasons to be deeply concerned about the economy as we head into the new year. But it isn’t just 2013 that Americans are pessimistic about. According to the new Gallup poll, 50 percent of all Americans believe that the best days of America are behind us, and only 47 percent of all Americans believe that the best days of America are ahead of us. Those are very sobering numbers. Half the country believes that it is only downhill from here for the United States. Unfortunately, they are exactly right. Things are rapidly going to get worse for our economy and for our nation as a whole. We are going to start reaping the consequences of decades of very foolish decisions, and the pain is going to be immense. (Read More...)
The Good, The Bad And The Ugly From The Fiscal Cliff Deal
The fiscal cliff deal contains more bad news than it does good news. Yes, the tax increases on the middle class could have been much worse, and we should be thankful that Congress at least did something for the middle class. Unfortunately, they didn’t do enough. Every American worker is going to pay higher taxes next year as a result of this deal. The fiscal cliff deal represents the biggest tax increase in 20 years, and it is also projected to increase the U.S. national debt by an additional 4 trillion dollars over the next decade. In the final analysis, U.S. government finances are still wildly out of control and we are all going to be paying higher taxes. Not a whole lot to be excited about, and nothing has really been fixed for the long-term. Our politicians have kicked the can down the road once again, but someday they will run out of road and all of this debt will absolutely crush us. And of course a lot of our politicians didn’t even really know what they were voting for. The fiscal cliff bill was more than 150 pages long, and our Senators got the bill into their hands just 3 minutes before they voted on it. So none of them actually read the bill. But that is the way things work in America today. The blind are leading the blind and everyone is mindlessly hoping that everything will turn out okay somehow. (Read More...)
50 Predictions For 2013
Are you ready for a wild 2013? It should be a very interesting year. When the calendar flips over each January, lots of people make lots of lists. They make lists of “resolutions”, but most people never follow through on them. They make lists of “predictions”, but most of those predictions always seem to end up failing. Well, I have decided to put out my own list of predictions for 2013. I openly admit that I won’t get all of these predictions right, and that is okay. Hopefully I will at least be more accurate than most of the other armchair prognosticators out there. It is important to look ahead and try to get a handle on what is coming, because I believe that the rest of this decade is going to be extraordinarily chaotic for the U.S. economy. The false bubble of debt-fueled prosperity that we are enjoying right now is not going to last much longer. When it comes to an end, the “adjustment” is going to be extremely painful. Those that understand what is happening and have prepared for it will have the best chance of surviving what is about to hit us. I honestly don’t know what everybody else is going to do. Many of the people that don’t see the coming collapse approaching will be totally blindsided by it and will totally give in to despair when they realize what has happened. But there is no excuse for not seeing what is coming – the signs are everywhere. (Read More...)
A Massive Electromagnetic Pulse Could Collapse The Economy In A Single Moment
What would you do if all the lights went out and they never came back on? That is a question that the new NBC series “Revolution” asks, but most people have no idea that a similar thing could happen in real life at any moment. A single gigantic electromagnetic pulse over the central United States could potentially fry most of the electronics from coast to coast if it was powerful enough. This could occur in a couple of different ways. If a powerful nuclear weapon was exploded at a high enough altitude, it could produce an electromagnetic pulse powerful enough to knock out electronics all over the country. Alternatively, a massive solar storm could potentially cause a similar phenomenon to happen just about anywhere on the planet without much warning. Of course not all EMP events are created equal. An electromagnetic pulse can range from a minor inconvenience to a civilization-killing event. It just depends on how powerful it is. But in the worst case scenario, we could be facing a situation where our electrical grids have been fried, there is no heat for our homes, our computers don’t work, the Internet does not work, our cell phones do not work, there are no more banking records, nobody can use credit cards anymore, hospitals are unable to function, nobody can pump gas, and supermarkets cannot operate because there is no power and no refrigeration. Basically, we would witness the complete and total collapse of the economy. According to a government commission that looked into these things, approximately two-thirds of the U.S. population would die from starvation, disease and societal chaos within one year of a massive EMP attack. It would be a disaster unlike anything we have ever seen before in U.S. history. (Read More...)