As a result of the absolutely stunning 29-23 overtime victory by the Denver Broncos over the Pittsburgh Steelers, it seems inevitable that “Tebow Time” will become a household phrase all over America. The string of last second victories that we have seen Tim Tebow pull out this season is unprecedented and we will probably never see anything quite like it again. Unfortunately, miracles don’t always happen in real life when we need them. Right now it is “Tebow Time” for the U.S. economy, the U.S. political system and the global financial system, and things look really bad. So will we see heroes rise up at this time to snatch victory from the jaws of defeat, or will we see the biggest debt bubble in the history of the world implode and plunge the entire planet into a devastating economic depression? Most people have no idea how fragile the global economic system has become at this point. Global leaders are currently engaged in a frantic juggling act in a desperate attempt to keep all the balls in the air. One wrong move could unleash a financial panic that could potentially be even worse than what we saw in 2008. (Read More...)
Look Out Below – The Nightmarish Decline Of The Euro Has Begun
The euro is a dying currency. On Thursday, the EUR/USD fell below 1.28 for the first time since September 2010. In fact, as I write this the EUR/USD is sitting at 1.2791. Back in July, the EUR/USD was over 1.45. But this is just the beginning. The euro is going to go a lot lower. At this point, there are several major European nations that are on the verge of default, the European financial system is overflowing with debt and toxic assets, and most major European banks are leveraged about as badly as Lehman Brothers was when it collapsed. Most Americans simply do not grasp the gravity of what is happening. Just because the Dow is sitting above 12000 and a few U.S. economic numbers have improved slightly does not mean that everything is going to be okay. As I wrote about recently, the EU has a bigger economy than we do and they have a bigger banking system than we do. U.S. banks are massively exposed to European sovereign debt and European banking debt. When the financial system of Europe collapses and the euro falls apart it is going to rock the entire planet. So you better look out below – the euro is coming down and it is coming down hard. After the euro implodes, nothing is every going to be the same again. (Read More...)
34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger
We have all been lied to. For decades, the leaders of both major political parties have promised us that they can fix our current system and that they can get our national debt under control. As the 2012 election approaches, they are making all kinds of wild promises once again. Well you know what? It is all a giant sham. The United States has gotten into so much debt that there will be no coming back from this. The current system is irretrievably broken. 30 years ago the U.S. debt was a horrific crisis that was completely and totally out of control. If we would have dealt with it back then maybe we could have done something about it. But now it is 15 times larger, and we are adding more than a trillion dollars to the debt every single year. The facts that you are about to read below should set America on fire with anger. Please share them with as many people as you can. What we are doing to our children and our grandchildren is absolutely nightmarish. Words like “abuse”, “financial rape”, “theft” and “crime” do not even begin to describe what we are doing to future generations. We were the wealthiest nation on earth, but it wasn’t good enough just to squander all of our own money. We had to squander the money of our children and our grandchildren as well. America has been so selfish and so self-centered that it is hard to argue that we don’t deserve what is about to happen to this country. We have stolen the future of America, and yet we strut around as if we are the smartest generation that ever walked the face of the earth. (Read More...)
When Times Get Tough, The Tough Get A Backbone
Do not ever give up. That is one of the secrets to life. Almost everyone comes to a moment in life when things look absolutely hopeless. But those that have come through those moments know that there is always a way to turn things around. When times get tough, the tough get a backbone. Yes, a horrific economic collapse is coming and the world is going to become incredibly unstable. But the purpose of waking people up and getting them to realize what is about to happen is not so that they can shiver in fear. When a military unit gets intel that indicates that the enemy arrayed against them is far more powerful than previously thought, do they give up all hope and run away like little girls? Of course not. Instead, they use that intel to prepare for the coming battle. Only cowards give up. When you totally give up, you lose everything and the enemy wins. Our life does not consist of what we own anyway. If every single thing that you own was taken away from you, would your life be over? No! When we leave this world, we will not be remembered for what we owned. Rather, we will be remembered for how we lived. (Read More...)
2012 Will Be More Difficult Than 2011
Do you believe that 2012 will be more difficult for the global economy than 2011 was? Well, that is what German Chancellor Angela Merkel believes. The woman that has become the most important politician in Europe recently declared that 2012 “will no doubt be more difficult than 2011”. The funny thing is that she has generally been one of the most optimistic public figures in Europe throughout this debt crisis. But now even Merkel is openly admitting that 2012 is going to be a really, really bad year. Sadly, most Americans simply do not understand how important Europe is or how interconnected the global financial system has become. The United States actually has a smaller population and a smaller economy than the EU does. In fact, the EU has an economy that is nearly as large as the economies of the United States and China combined. The EU also is home to more Fortune 500 companies that the U.S. is, and the European banking system is far larger than the U.S. banking system. Anyone that does not believe that a financial collapse in Europe will have a devastating impact on the U.S. economy is living in a fantasy world. Americans better start paying attention to what is going on over there, because we are about to be broadsided by a massive financial tsunami originating out of Europe. (Read More...)
30 Statistics That Show That The Middle Class Is Dying Right In Front Of Our Eyes As We Enter 2012
Once upon a time, the United States had the largest and most vibrant middle class that the world has ever seen. Unfortunately, that is rapidly changing. The statistics that you are about to read prove beyond a reasonable doubt that the U.S. middle class is dying right in front of our eyes as we enter 2012. The decline of the middle class is not something that has happened all of a sudden. Rather, there has been a relentless grinding down of the middle class over the last several decades. Millions of our jobs have been shipped overseas, the rate of inflation has far outpaced the rate that our wages have grown, and overwhelming debt has choked the financial life out of millions of American families. Every single day, more Americans fall out of the middle class and into poverty. In fact, more Americans fell into poverty last year than has ever been recorded before. The number of middle class jobs and middle class neighborhoods continues to decline at a staggering pace. As I have written about previously, America as a whole is getting poorer as a nation, and as this happens wealth is becoming increasingly concentrated at the very top of the income scale. This is not how capitalism is supposed to work, and it is not good for America. (Read More...)
The Number One Catastrophic Event That Americans Worry About: Economic Collapse
Can you guess what the number one catastrophic event that Americans worry about is? There are certainly many to choose from. Many Americans are deathly afraid of a major terrorist attack. Others live in constant fear of natural disasters such as earthquakes, volcanoes and hurricanes. Still others are incredibly concerned that a massive pandemic will break out at any time or that World War III will erupt in the Middle East. Yes, there are certainly a lot of potential catastrophic events that one can worry about in the times in which we live, but the number one catastrophic event that Americans worry about is actually “economic collapse”. At least that is what a recent survey conducted by Leiflin Inc. for the EcoHealth Alliance found. But this goes along with what so many other polls have found over the past few years. Over and over again, opinion polls have found that the number one issue that American voters are concerned about is the economy. The truth is that average Americans are deeply, deeply concerned about unemployment, debt, the housing crash and the steady decline in the standard of living. It has been years since the U.S. economy has operated at a “normal” level, and many Americans are afraid that things could soon get a whole lot worse. (Read More...)
40 Hard Questions That The American People Should Be Asking Right Now
If you spend much time watching the mainstream news, then you know how incredibly vapid it can be. It is amazing how they can spend so much time saying next to nothing. There seems to be a huge reluctance to tackle the tough issues and the hard questions. Perhaps I should be thankful for this, because if the mainstream media was doing their job properly, there would not be a need for the alternative media. Once upon a time, the mainstream media had a virtual monopoly on the dissemination of news in the United States, but that has changed. Thankfully, the Internet in the United States is free and open (at least for now) and people that are hungry for the truth can go searching for it. Today, an increasing number of Americans want to understand why our economy is dying and why our national debt is skyrocketing. An increasing number of Americans are deeply frustrated with what is going on in Washington D.C. and they are alarmed that we seem to get closer to becoming a totalitarian police state with each passing year. People want real answers about our foreign policy, about our corrupt politicians, about our corrupt financial system, about our shocking moral decline and about the increasing instability that we are seeing all over the world, and they are not getting those answers from the mainstream media. (Read More...)