Are You Prepared For The Coming Economic Collapse And The Next Great Depression?
Is the United States economy headed for another Great Depression? Well, according to Barack Obama, that is no longer possible. According to Obama, the United States has avoided an economic collapse and is headed for another wonderful era of growth and prosperity. But is Obama right? Do the economic signs indicate that the U.S. is … Read more
Most Americans seem to be under the impression that the millions of Americans who have lost their jobs over the last few years will soon be going back to work as the U.S. economy recovers. But that is not going to happen. In fact, even Barack Obama, the Federal Reserve and the New York Times are … Read more
Has China decided that now is the time to start dumping U.S. Treasuries? The Treasury Department announced on Tuesday that foreign holdings of U.S. Treasury securities fell by $53 billion in December, which is an all-time record decline for one month. China alone reduced its holdings by $34.2 billion. So is this because the U.S. … Read more
More than ever before in U.S. history, American society absolutely relies on credit in order to function. In fact, if you cut off all sources of credit to U.S. businesses, most of them would go out of business fairly quickly. The truth is that when the money supply expands and credit flows freely, the U.S. economy … Read more
Our recent article entitled “A Record Number Of Young Americans Are Unemployed – Are They Just Lazy Or Are There Simply No Jobs Available?” has generated some absolutely outstanding comments. We have held back on publishing the best of those comments until now because we wanted to feature them all in one place. The truth is that … Read more
A lot of people are very upset about the rapidly increasing U.S. national debt these days and they are demanding a solution. What they don’t realize is that there simply is not a solution under the current U.S. financial system. It is now mathematically impossible for the U.S. government to pay off the U.S. national debt. You … Read more
If you went out on the streets and asked average Americans what the “World Economic Forum” is, how many of them do you think would be able to tell you what it is? Not very many. But it is one of the most important international economic organizations in the world. It is a non-profit foundation that … Read more
What would happen to your household if it spent $9,000 every single month but only brought in $6,000 every single month? Well, you would quickly accumulate a massive amount of debt that you would very soon not even be able to pay the interest on. You would probably have to end up declaring bankruptcy. So if it is not okay … Read more