Money

The Pope Is Completely Wrong About Capitalism And Inequality

April 28, 2014April 28, 2014 by Michael

On Monday, the following message was posted on the Pope’s official Twitter account: “Inequality is the root of social evil.” This follows on the heels of several other extremely harsh statements that he has made about capitalism over the past year. The Pope appears to believe that inequality is one of the greatest evils that humanity is facing. So if we redistributed all money and all property and made sure that everyone had an equal amount, would that wipe out social evil? Of course not. Such a notion is absolutely absurd. Being the Pope, he should know that the evil that we see all around us is not the result of the distribution of wealth. Rather, it is the result of humanity’s deep rebellion against God. Yes, the fact that the wealth of the planet is being increasingly funneled to a very small minority at the top of the pyramid is a major problem. This is something that I have written about repeatedly. But the answer is not to make sure that everyone has the exact same amount of money and property. In the end, that would only turn us into North Korea.

In case you missed it, here is the tweet by the Pope that is causing such an uproar…

Inequality is the root of social evil.

— Pope Francis (@Pontifex) April 28, 2014

By itself, that statement could perhaps be “interpreted” a number of different ways. But this follows other statements by the Pope that make it exceedingly clear what he is talking about. Here is one example…

Just as the commandment “Thou shalt not kill” sets a clear limit in order to safeguard the value of human life, today we also have to say “Thou shalt not” to an economy of exclusion and inequality. Such an economy kills. How can it be that it is not a news item when an elderly homeless person dies of exposure, but it is news when the stock market loses two points? This is a case of exclusion. Can we continue to stand by when food is thrown away while people are starving? This is a case of inequality.

Yes, the Pope is correct to highlight the plight of the homeless and the needy. Even in “wealthy America”, we have an epidemic of hunger. This is something that I wrote about yesterday.

And yes, the Pope is correct to point out society’s obsession with the stock market. Personally, I have been relentless in criticizing the big Wall Street banks.

But the solution is not to take everything away from everybody and put it into a giant pile and redistribute it equally.

History has shown us what happens when a society adopts an extreme form of socialism or communism.

The incentive to work is destroyed, the incentive to create new ideas and new businesses is destroyed, and living standards for everyone go down.

Please don’t think that I am defending our current system. What we have in the United States today is not the kind of pure capitalism that our founders intended. Instead, it is a form of collectivism where nearly all of the economic power is now in the hands of giant collectivist institutions. That includes public collectivist institutions (the government) and private collectivist institutions (large corporations). In this type of economic environment, it should not be a surprise that government dependence is at an all-time high, the number of Americans that are self-employed is at an all-time low and millions of small businesses are being regulated out of existence.

Collectivism, socialism and communism are all close cousins. People are promised that such systems will result in greater “equality”, but it never seems to actually work out that way. Instead, the small elite that hold all the power usually end up enjoying the vast majority of the benefits.

And without a doubt, as the power of the government and the power of the corporations has increased, inequality has been rising. Just check out the following chart from a new book by 42-year-old French economist Thomas Piketty entitled “Capital In The Twenty-First Century“…

As I write this, Pinketty’s book is the number one seller on Amazon. That is pretty remarkable for an economics treatise. But Pinketty fails to realize what actually caused U.S. income inequality to start skyrocketing in 1971. As Brian Domitrovic recently detailed, that was the year when the U.S. completely went off the gold standard and the Federal Reserve started running wild…

The big switch to the foundation of the American financial structure at the advent of this period was the U.S. decision in 1971 to go off the gold standard. Before that time, it was basically clear that outside of wartime (when gold-standard conventions were often suspended), you could basically count on the dollar holding its value against major things like the consumer price level, foreign currencies, and commodities such as gold itself.

After 1971, in contrast, it became basically clear that you could count on no such thing. The CPI might go up 125% in one decade (as it did 1971-1981), the dollar could permanently lose 66% against major currencies (as it did against the yen in this period), and commodities could shoot up ten-to twenty-five fold (as was the case with oil and gold).

Therefore a new day in financial planning also arrived. Suddenly the importance of simply saving money diminished. Money that was saved also had to be hedged. If you simply saved money after 1971, you stood to get killed as the dollar lost value against things it was supposed to be able to procure in the future.

This is where the financial services industry began its long march upward in the share of U.S. economic output it gobbled up. People who had significant money—the rich—threw their money into the products offered by the financial sector, in that the worst thing to happen to a fortune diligently built up over the years would be to see it frittered away on account of currency depreciation.

So much has gone wrong since 1971. Out national debt has gotten more than 40 times larger, our economic infrastructure has been absolutely gutted and the value of the U.S. dollar has declined by well over 80 percent.

Once again, we need to go back to a system that much more closely resembles what our founders intended.

Did you know that the greatest period of economic growth in U.S. history was when there was no income tax, no IRS and no Federal Reserve?

We could have such a system again.

But the solutions being proposed by the mainstream media, our politicians and even the Pope involve even more centralization of economic power.

If we follow this path to the end, we will ultimately become like North Korea.

It is hard to describe the crushing poverty that exists in that hellhole of a country. In North Korea, there is so little electricity that the country appears almost totally dark from space at night. Just check out this picture taken by NASA…

North Korea may have more “equality” than we do, buy in that country “a ballpoint pen is considered a luxury item“. Here is much more on what life is like for ordinary people inside North Korea from the New York Post…

Jobs often come without salaries. Those who do get a paycheck, earn, on average, between $1,000-2,000 a year. Food and clothing are rationed by the government.

Most North Koreans have access to that one TV station and one newspaper, both state-run; they are told that their country is the only functioning and prosperous nation on Earth and that outside rages an apocalypse. Only elites are allowed cellphones, but they can just make calls or text — there is no Internet.

Would you like to live in such a society?

When you take away the incentive to work and the incentive to create, you end up with a much poorer society. Without outside help, much of North Korea would have already starved to death by now…

“The majority of North Koreans believe completely in the regime,” says Barbara Demick, a Seoul-based journalist and author of “Nothing to Envy: Ordinary Lives in North Korea.”

“They are barely surviving,” she says. “Only the rich can afford to eat rice. They’re in a chronic state of food shortage.”

The average citizen eats twice a day — a manageable state of affairs for citizens who lived through the great famine of the ’90s, which reduced millions of people to eating tree bark and plucking undigested kernels of corn from animal excrement.

Yes, something needs to be done about the rising level of income inequality in our country. The middle class is being systematically destroyed and most of our politicians do not seem to care. Some big steps in that direction would be going back to a much purer form of capitalism, shutting down the Federal Reserve, changing laws to shift power much more in the direction of individuals and small businesses, and ending the practice of shipping millions of our good paying jobs to communist nations such as China.

We also need a massive shift in our culture. We need to shift away from a culture of greed and selfishness to a culture of love, compassion and generosity. Those that have been blessed have a responsibility to be a blessing. That is something that we have largely forgotten.

But trying to use government and taxation to wipe out inequality never works and will only make society poorer. This is a lesson that Barack Obama, the Democrats, the Republicans, the mainstream media and the Pope all desperately need to learn.

12 Numbers Which Prove That Americans Are Sick And Tired Of Politics As Usual

April 24, 2014April 24, 2014 by Michael

The American people are increasingly waking up to the fact that nothing ever seems to change in Washington D.C. no matter which political party is in power. In fact, as you will see later on in this article, an all-time high 53 percent of all Americans believe that neither party “represents the American people”. Over the past several decades, we have sent a Bush, a Clinton, another Bush and an Obama to the White House, but the policies coming out of Washington have remained pretty much the same the entire time. The mainstream media would have us believe that the Republicans and the Democrats are constantly fighting like cats and dogs, but the truth is that the Republicans want to take us to the same place that the Democrats want to take us – just a little more slowly perhaps. And behind the scenes, Republicans and Democrats have a good time with one another and they are ultimately controlled by the same set of oligarchs. The Americans people are really starting to recognize what a sham our system has become, and the numbers show that they are quite fed up with it.

I truly wish that things were different. When I was much younger, I was actively involved in politics and I enthusiastically campaigned for certain candidates. But then when they got to Washington D.C., they never did most of the things that they promised to do during their campaigns.

I was quite bewildered by this. At the time, I concluded that we just needed to send even more “good politicians” to D.C. and then things would finally turn around.

But things never did turn around. No matter which party had the upper hand, the same garbage continued to spew forth from Washington.

Ultimately, like millions of other Americans, I have come to see that there is not really much of a difference between Barack Obama, Hillary Clinton, Harry Reid and Nancy Pelosi on one side, and John Boehner, John McCain, Mitch McConnell and Jeb Bush on the other side.

Sure, if you listen to their campaign speeches you might be tempted to think that they were polar opposites, but when you watch what they actually do there is not that much that really separates them.

Fortunately, large numbers of Americans are starting to see through this disgusting charade. Most of our politicians are con men that tell us what we want to hear during their campaigns, and then after they are elected they forget all about us. Dissatisfaction with these politicians has risen to unprecedented levels in recent years, and that could be a good thing. The following are 12 numbers which prove that Americans are sick and tired of politics as usual…

#1 A national Rasmussen Reports survey has found that an all-time high 53 percent of all Americans believe that neither major political party “represents the American people”.

#2 According to a Real Clear Politics average of national polls, only 29 percent of Americans believe that the country is heading in the right direction.

#3 According to a Real Clear Politics average of national polls, Americans disapprove of the job that Barack Obama is doing by a 52.2 to 43.7 percent margin.

#4 According to a Real Clear Politics average of national polls, Americans disapprove of the job that Congress is doing by a 77.6 percent to 14.2 percent margin.

#5 52 percent of Americans “do not think the economy is fair to those willing to work hard”.

#6 65 percent of Americans are dissatisfied “with the U.S. system of government and its effectiveness”. That is the highest level of dissatisfaction that Gallup has ever recorded.

#7 Only 4 percent of Americans believe that it would “change Congress for the worse” if every member was voted out during the next election.

#8 An all-time low 31 percent of Americans identify themselves as Democrats.

#9 An all-time low 25 percent of Americans identify themselves as Republicans.

#10 An all-time high 42 percent of Americans identify themselves as Independents.

#11 60 percent of Americans report feeling “angry or irritable”. Two years ago that number was at 50 percent.

#12 70 percent of Americans do not have confidence that the federal government will “make progress on the important problems and issues facing the country in 2014”.

Of course at the heart of much of this dissatisfaction is the continuing problems in our economy. For example, check out the Gallup daily employment tracking survey that you can find right here. As you can see, the payroll to population number (those Americans working 30 hours a week or more) has been flatlining in the low forties for more than four years now. The truth is that there never has been an employment recovery in this nation since the last recession. For much more on all this, please see my previous article entitled “This Is What Employment In America Really Looks Like…”

The last wave of the economic crisis really devastated the middle class, and as a result record numbers of Americans have become dependent on the government. As I mentioned in one recent article, ten years ago the number of women working outnumbered the number of women on food stamps by more than a 2 to 1 margin. But now the number of women on food stamps actually exceeds the number of women that have jobs.

No wonder so many Americans are so angry. Things are not nearly as good as they used to be.

Unfortunately, even though so many people are angry and frustrated, there is very little consensus on the solutions to our problems.

Many Americans even want to throw out the principles that this country was founded upon entirely. For example, one recent survey discovered that 59 percent of all Americans believe that the U.S. Constitution is “outdated”.

That is a very chilling number. We live at a time when Americans are becoming increasingly ignorant about who we are, where we came from and how we get here.

And a lot of our fellow citizens do not even know how our system of government works. One survey actually found that only 25 percent of all Americans knew how long U.S. Senators are elected for (6 years), and only 20 percent of all Americans knew how many U.S. senators there are (100).

In the final analysis, it is hard to be optimistic about a political solution to any of our major problems in the near future. Most of our politicians are deeply corrupt, the American people are incredibly angry and are deeply divided, and the vast majority of campaigns for federal office are won by the candidate that raises the most money.

But perhaps there is something that I am missing. So what do you think? Do you believe that there is hope that we can get Washington D.C. turned around in the near future? Please feel free to share your thoughts by posting a comment below…

12 Signs That Something Big Is Happening To The Earth’s Crust Under North And South America

March 30, 2014March 30, 2014 by Michael

Why are fault lines and volcanoes all over North and South America suddenly waking up? Are we moving into a time when major earthquakes and volcanic eruptions will become much more common? For the past several decades, we have been extremely fortunate to have experienced a period of extremely low seismic activity along the west coast of the United States. You see, the west coast lies right along the infamous Ring of Fire. Approximately 75 percent of all the volcanoes in the world are on the Ring of Fire, and approximately 90 percent of all global earthquakes occur along the Ring of Fire. Scientists tell us that it is inevitable that “the Big One” will hit California someday, but people have gotten very apathetic about this because things have been so quiet out there for so many years. Well, now it appears that things are changing in a big way – and not just along the California coast. The following are 12 signs that something big is happening to the earth’s crust under North and South America…

#1 The 5.1 earthquake that shook Los Angeles on Friday was the worst earthquake that the city had seen in many years.

#2 Following that earthquake, there were more than 100 aftershocks.

#3 A 4.1 earthquake shook Los Angeles on Saturday. Scientists are hoping that this earthquake swarm in southern California will end soon.

#4 Earlier this month, a 4.4 earthquake rattled Los Angeles so badly that it caused news anchors to dive under their desks.

#5 A 6.9 earthquake just off the coast of northern California in early March was the largest earthquake to hit the west coast of the United States since 2010.

#6 Up in Oregon, Mt. Hood recently experienced more than 100 earthquakes over the course of just a few days.

#7 During the past month, there have also been some other very unusual geologic events that have been happening up in Oregon…

Two large landslides – one in the Columbia River Gorge dumped about 2,000 cubic yards of rock and debris on highway I84 just 3 miles west of the Hood River, and another blocked US30 near Portland.

Loud booms and ground shaking reported by people from Lincoln to Tillamook Counties; some reported hearing a rumble, as well (No earthquakes recorded by the USGS in the area at the time.)

A 20 ft. deep sinkhole swallowed a woman and her dog in her Portland backyard.

#8 A 4.8 earthquake rattled Yellowstone National Park on Sunday, and there have been at least 25 earthquakes at Yellowstone since Thursday.

#9 Scientists recently discovered that the Yellowstone supervolcano is now releasing far more helium gas than they had anticipated.

#10 Over the past month, there have been more than 130 earthquakes in the state of Oklahoma. This is highly unusual.

#11 There have been several dozen earthquakes in Peru over the past month, including a 6.3 earthquake that made headlines all over the globe.

#12 Earlier this month, the northern coast of Chile was hit by more than 300 earthquakes in a seven day stretch. 41 of those earthquakes were stronger than magnitude 4.5.

Fortunately, the quake that hit Los Angeles on Friday did not cause too much lasting injury. But it sure did shake people up. The following is how the Los Angeles Times described the damage…

The quake, centered near La Habra, caused furniture to tumble, pictures to fall off walls and glass to break. Merchandise fell off store shelves, and there were reports of plate glass windows shattered.

In Brea, several people suffered minor injuries during a rock slide that overturned their car. Fullerton reported seven water main breaks. Carbon Canyon Road was closed.

Residents across Orange and Los Angeles counties and the Inland Empire reported swinging chandeliers, fireplaces dislodging from walls and lots of rattled nerves. The shake caused a rock slide in Carbon Canyon, causing a car to overturn, according to the Brea Police Department.

Why this particular earthquake is of such concern is because it occurred along the Puente Hills fault line. According to one seismologist, this is the fault line that would be most likely to “eat L.A.”…

Experts said that the earthquakes occurred on the Puente Hills thrust fault, which stretches from the San Gabriel Valley to downtown Los Angeles.

Last night’s quake was shallow, which ‘means the shaking is very concentrated in a small area,’ said Caltech seismologist Egill Hauksson.

Hauksson revealed that the earthquake was unusual because the 5.1 quake was preceded by the weaker foreshock.

Scientists such as Hauksson are very concerned about the Puente Hills fault because it runs directly under downtown Los Angeles.

‘This is the fault that could eat L.A.,’ seismologist Sue Hough told The LA Times in 2003.

The fact that this fault appears to be waking up is really bad news.

According to seismologists, a major earthquake along this fault line could cause hundreds of billions of dollars of damage…

Video simulations of a rupture on the Puente Hills fault system show how energy from a quake could erupt and be funneled toward L.A.’s densest neighborhoods, with the strongest waves rippling to the west and south across the Los Angeles Basin.

According to estimates by the USGS and Southern California Earthquake Center, a massive quake on the Puente Hills fault could kill from 3,000 to 18,000 people and cause up to $250 billion in damage. Under this worst-case scenario, people in as many as three-quarters of a million households would be left homeless.

For years, we have watched as the rest of the Ring of Fire has been absolutely ravaged by major seismic events.

We all remember the earthquakes that caused the Indonesian tsunami of 2004 and the Japanese tsunami of 2011.

And the world mourned when major earthquakes devastated New Zealand, Chile, Peru, Japan and the Philippines.

Scientists assured us that it was only a matter of time before the west coast started to become seismically active again, and now it is happening.

If you live on the west coast, I hope that you will consider these things very carefully.

Just because the earth under your feet has been relatively quiet for a very long time does not mean that it will always be that way.

Something big appears to be happening to the earth’s crust, and you won’t want to be in the “danger zone” when things finally break loose.

Meet 5 People Who Made A Decision To Shine A Light In The Darkness

March 27, 2014March 27, 2014 by Michael

Are you ready for some inspirational stories that will make your heart jump for joy? These days, it is so easy to get down. Both individually and as a nation, we have so many problems and it often seems like things just keep getting worse. For example, this week we learned that pending home sales in the United States just dropped by the most in 3 years and that they have now been declining for 8 months in a row. And without a doubt, incredibly challenging times are on the horizon. In response, a lot of people are going to choose to complain bitterly and curse the darkness. Others are going to respond with fear and will try to hide from the world as much as they can. But I don’t think that either of those approaches is a good way to react to the problems that we will be facing. Rather, I believe that the right choice is to be a light in the darkness and to try to make a difference. As you will see below, there are many ways that this can be done. You don’t have to be famous, or run for political office, or have a million dollars. All that it takes is a willingness to reach out and love the one in front of you. If all of us decided to do what we could to truly make a difference in the life of one other person, our nation would be a far better place. The following are 5 people who made a conscious decision to shine a light in the darkness…

Kelly Nixon Mayr

It takes a lot of love and compassion to adopt a child into your own home. When that child has special needs, it can be especially challenging. That is why the story of Kelly Nixon Mayr is so inspiring. Along with her husband, she has made a lifestyle out of helping children with special needs…

Kelly Nixon Mayr of Colorado has birthed five children, adopted one troubled teen and fostered several special-needs infants. On Tuesday, she and husband Paul announced, through their family blog, that they had finalized their adoption of Angie, a 2-year-old who was born drug-exposed and clubfooted, whom they had fostered on and off since she was 1.

Now they are preparing for their next adoption—of Rita, an 8-year-old Eastern European orphan with arthrogryposis (a rare syndrome causing unbendable joints) and a case of post-traumatic stress disorder.

But Nixon Mayr, 45, who speaks about her close-knit brood with equal parts passion and humor, insists that she and her husband are not extraordinary.

“I yell at my kids, and I think one might have had Goldfish for breakfast the other day,” she tells Yahoo Shine with a laugh. “The only thing we are is willing.”

It takes a lot of money to raise those children. Kelly and her husband could have used that money on a larger house, luxury cars and expensive vacations. But instead, they willingly chose to live their lives in service to others.

Rahat

Younger Americans are capable of feats of great compassion as well. For example, a YouTube personality known as “Rahat” could have easily ignored the homeless man that he would often see at the local shopping mall. But instead, he decided to do something about it…

On March 4, a YouTube magician and prankster name Rahat set aside his mischievous pranks to do something really kind for a homeless man he’d often seen hanging around his shopping mall.

He heard that the man named Eric was a “nice and respectable guy,” so he gave him a lottery ticket telling him it was a winner and that he should come to the shop and claim his prize. The store clerk was privy to the stunt and pretended the ticket was indeed a winner and handed over $1,000 in cash to the homeless gentleman.

Rahat, who had secretly given the clerk the cash to give to Eric recorded a video of how excited Eric was to “win” the money.

And thanks to Rahat’s YouTube video and fundraising efforts, a total of $42,000 has been raised for that homeless man, and his future is looking bright for the first time in a very long while.

Annie Hart

Sometimes it is an animal that desperately needs some love and compassion. In this economic environment, there are a lot of people that are abandoning their pets, and there are a lot of homeless dogs and cats that are in a tremendous amount of pain right now.

That is why what people like Annie Hart are doing is so wonderful…

When Annie Hart rescued a sick, homeless pit bull, not even she could have predicted the miraculous transformation the animal would undergo.

Hart is the executive director of the Bill Foundation and is no stranger to rescuing animals.

She ended up naming the pit bull Gideon. The dog was in such bad shape that he actually trembled at the sight of humans.

Doctors also discovered that Gideon was suffering from multiple severe bacterial and highly contagious fungal infections. He was put in quarantine.

As you watch the video of the transformation of this dog that I have posted below, you might just find yourself getting choked up over it…

Mark A. Mayo

How many of you would be willing to give your life so that someone else could live?

That is precisely what Master-at-Arms 2nd Class Mark A. Mayo recently did. It is this kind of heroism that America desperately needs more of…

Master-at-Arms 2nd Class Mark A. Mayo, 24, was killed during a shooting incident at Naval Station Norfolk Monday. Mayo was assigned to Naval Security Forces, Naval Station Norfolk.

Norfolk Naval Base commander Robert Clark said the young sailor sacrificed himself to save others.

“It was incredibly extraordinary,” says Clark.

The shooting happened around 11:20pm Monday night at Pier 1 onboard the USS Mahan.

Mark Mayo was protecting a sailor who first confronted a civilian intruder. That man, a truck driver, tried to board the destroyer Mahan. He disarmed the watch stander and then turned the watch stander’s gun at Mayo.

“He jumped into the way between the gunman and the petty officer of the watch. She fell to the ground. He covered her and he basically gave his life for hers,” says Clark.

“Doing that, that’s something he would do,” says Virgil Savage, a fellow sailor and close friend of Mayo. “He always stood up for the little guy.”

You can read more about Mayo’s incredible act of bravery right here.

Dan And Linda Catlin

It takes a very special individual to commit your entire life to serving the homeless.

But that is exactly what Pastor Dan Catlin and his wife Linda have been doing for many years.

The following is an excerpt from a profile of the Messiah’s Branch homeless ministry in Wichita, Kansas that was written by Jessiqua Wittman…

Messiah’s Branch is a family-owned homeless ministry. Since the year 2000, Dan and Linda Catlin have been traveling an hour, at least twice a week, to help the homeless in the city of Wichita, Kansas.

When I was a teenager (before we were homeless ourselves), my family had the privilege of working with this family.

We’d arrive at the mission building (a renovated bar), around 12:30 on Tuesdays and Fridays. The homeless people of the city, usually about 50 to 70 of them, would already be trickling into the area. There are a lot more homeless people than that in Wichita. Those were just the people from the surrounding area that could walk there, and had no other ministry that they could go for food. Most churches (besides Messiah’s Branch) require identification before they feed people off the street, and oftentimes homeless people have lost their identification long ago, whether because of drugs, mugging, or police raids (many of the police in Wichita are very hostile towards homeless people).

When you serve the homeless, there are no vacations. It is just a relentless battle against human pain and suffering. To do this year after year, you have got to be driven by compassion…

Sister Linda can hold a knife and cut a potato at the same time, in the same hand! The whole time seasoning her stew and chatting and laughing with a young homeless couple that are hanging around the kitchen door, hungry for more than just food.

And Pastor Dan? What does he do? He takes some people to doctor’s appointments, some to the hospital. Sometimes he buys shoes, or makes sure they find a coat that will fit just right. The way I remember him most is being the resident jar-opener.

In the wintertime, when it reaches a certain temperature, Pastor Dan and Sister Linda open up the building full time. There are so many people that come, they lay them all side-by-side in rows on the floor. For a week sometimes, it’s like this.

I have personally talked to Pastor Dan and I know how hard he has worked to help the homeless of Wichita for so many years.

But the need just keeps getting greater.

All over the country, the middle class is shrinking and more people are falling into poverty.

We are going to need a lot more people like the ones you just read about above.

And you don’t have to do exactly what they are doing. Find your own way to make a difference. We all have different gifts, and together we can make this country a better place.

So make a conscious decision to shine a light in the darkness.

In the end, you will be glad that you did.

Is College A Waste Of Time And Money?

March 26, 2014March 26, 2014 by Michael

Are you thinking of going to college? If so, please consider that decision very carefully. You probably have lots of people telling you that an “education” is the key to your future and that you will never be able to get a “good job” unless you go to college. And it is true that those that go to college do earn more on average than those that do not. However, there is also a downside. At most U.S. colleges, the quality of the education that you will receive is a joke, the goal of most colleges is to extract as much money from you and your parents as they possibly can, and there is a very good chance that there will not be a “good job” waiting for you once you graduate. And unless you have someone that is willing to pay your tuition bills, you will probably be facing a lifetime of crippling student loan debt payments once you get out into the real world. So is college a waste of time and money? In the end, it really pays to listen to both sides of the debate.

Personally, I spent eight years at U.S. public universities, and I really enjoyed those times.

But would I trade my degrees today for the time and money that I spent to get them?

Absolutely.

Right now, Americans owe more than a trillion dollars on their student loans, and more than 124 billion dollars of that total is more than 90 days delinquent.

It is a student loan debt bubble unlike anything that we have ever seen before, and now even those that make their living from this system are urging reform. For example, consider what a law professor at the University of Tennessee recently wrote for the Wall Street Journal…

In the field of higher education, reality is outrunning parody. A recent feature on the satire website the Onion proclaimed, “30-Year-Old Has Earned $11 More Than He Would Have Without College Education.” Allowing for tuition, interest on student loans, and four years of foregone income while in school, the fictional student “Patrick Moorhouse” wasn’t much better off. His years of stress and study, the article japed, “have been more or less a financial wash.”

“Patrick” shouldn’t feel too bad. Many college graduates would be happy to be $11 ahead instead of thousands, or hundreds of thousands, behind. The credit-driven higher education bubble of the past several decades has left legions of students deep in debt without improving their job prospects. To make college a good value again, today’s parents and students need to be skeptical, frugal and demanding.

When a lot of young Americans graduate from college and can’t find a decent job, they are told that if they really want to “be successful” that what they really need is a graduate degree.

That means more years of education, and in most cases, even more debt.

But by the time many of these young achievers get through college and graduate school, the debt loads can be absolutely overwhelming…

The typical debt load of borrowers leaving school with a master’s, medical, law or doctoral degree jumped an inflation-adjusted 43% between 2004 and 2012, according to a new report by the New America Foundation, a left-leaning Washington think tank. That translated into a median debt load—the point at which half of borrowers owed more and half owed less—of $57,600 in 2012.

The increases were sharper for those pursuing advanced degrees in the social sciences and humanities, versus professional degrees such as M.B.A.s or medical degrees that tend to yield greater long-term returns. The typical debt load of those earning a master’s in education showed some of the largest increases, rising 66% to $50,879. It climbed 54% to $58,539 for those earning a master of arts.

In particular, many are questioning the value of a law school education these days. Law schools are aggressively recruiting students even though they know that there are way, way too many lawyers already. There is no way that the legal field can produce enough jobs for the huge flood of new law school graduates that are hitting the streets each year.

The criticism has become so harsh that even mainstream news outlets are writing about this. For instance, the following comes from a recent CNN article…

For the past three years, the media has picked up the attacks with relish. The New York Times, in an article on a graduate with $250,000 in loans, put it this way: “Is Law School a Losing Game?” Referring to the graduate, the Times wrote, “His secret, if that’s the right word, is to pretty much ignore all the calls and letters that he receives every day from the dozen or so creditors now hounding him for cash,” writes the author. Or consider this blunt headline from a recent Business Insider article: “‘I Consider Law School A Waste Of My Life And An Extraordinary Waste Of Money.’” Even though the graduate profiled in the piece had a degree from a Top 20 law school, he’s now bitterly mired in debt. “Because I went to law school, I don’t see myself having a family, earning a comfortable wage, or having an enjoyable lifestyle,” he writes. “I wouldn’t wish my law school experience on my enemy.”

In America today, approximately two-thirds of all college students graduate with student loan debt, and the average debt level has been steadily rising. In fact, one study found that “70 percent of the class of 2013 is graduating with college-related debt – averaging $35,200 – including federal, state and private loans, as well as debt owed to family and accumulated through credit cards.”

That would be bad enough if most of these students were getting decent jobs that enabled them to service that debt.

But unfortunately, that is often not the case. It has been estimated that about half of all recent college graduates are working jobs that do not even require a college degree.

Could you imagine that?

Could you imagine investing four or five years and tens of thousands of dollars in a college degree and then working a job that does not even require a degree?

And the really sick thing is that the quality of the education that most college students are receiving is quite pathetic.

Recently, a film crew went down to American University and asked students some really basic questions about our country. The results were absolutely stunning…

When asked if they could name a SINGLE U.S. senator, the students blanked. Also, very few knew that each state has two senators. The guesses were all over the map, with some crediting each state with twelve, thirteen, and five senators.

I have posted the YouTube video below. How in the world is it possible that college students in America cannot name a single U.S. senator?…

These are the leaders of tomorrow?

That is a frightening thought.

If parents only knew what their children were being taught at college, in most instances they would be absolutely horrified.

The following is a list of actual college courses that have been taught at U.S. colleges in recent years…

-“What If Harry Potter Is Real?”

-“Lady Gaga and the Sociology of Fame”

-“Philosophy And Star Trek”

-“Invented Languages: Klingon and Beyond”

-“Learning From YouTube”

-“How To Watch Television”

-“Sport For The Spectator”

-“Oh, Look, a Chicken!”

That last one is my favorite.

The truth is that many of these colleges don’t really care if your sons and daughters learn much at all. They just want the money to keep rolling in.

And our college students are discovering that when they do graduate that they are woefully unprepared for life on the outside. In fact, one survey found that 70% of all college graduates wish that they had spent more time preparing for the “real world” while they were still in college.

In America today, there are more than 300,000 waitresses that have college degrees, and close to three out of every ten adults in the United States under the age of 35 are still living at home with Mom and Dad.

Our system of higher education is not working, and it is crippling an entire generation of Americans.

So what do you think?

Do you believe that college is a waste of time and money?

Please feel free to share your thoughts by posting a comment below…

What Happens When Teachers, Delivery People And Fast Food Workers Don’t Care Anymore…

March 25, 2014March 25, 2014 by Michael

One of the big problems in America today is that a lot of people simply do not seem to care about what they are doing anymore. The level of sloth, laziness and apathy that we are witnessing in this country is absolutely mind-numbing. Of course this is not true of everyone. There are still many Americans that are extremely hard working. But overall, it really appears that people are not taking as much pride in their work as they once did. Some of the examples that I am about to show you are quite funny. Others are more than just a little bit disturbing. But they all have a common theme. Americans from all walks of life are simply giving up. Whether they are teachers, delivery people or fast food workers, the truth is that there are a whole lot of people out there that seem to have mentally checked out.

For example, take a close look at the midterm exam posted below. Does anything stand out to you?…

If you can’t read the writing in the red box, this is what it says…

“In all honesty, I am already bored with this topic. It is far less interesting than I had hoped and I really don’t want to finish this essay. I’m fairly sure you don’t really read these so I’m just going to put enough words down to make it seem like I wrote a lot while I kill time. Wanna hear some words that rhyme with time? Crime, dime, mime, (haha mimes are funny), chime, lime. Aw dude you know what has lime in it? Sprite, it like lemon lime. I could really go for one of those about now, but not sierra mist, that just isn’t the same. It tries too hard to be sprite but it just cant pull it off. It should just try to be itself and stop trying to measure up to other sodas.”

To be fair, there is a tremendous amount of debate about this photo on the Internet. Some people insist that no teacher would ever be so careless and that this picture must have been photoshopped. Others that have studied this photo insist that there is no sign of alteration and that it is 100% authentic.

I will let you come to your own conclusion.

What is undeniable, on the other hand, is that there are a lot of delivery people out there that simply do not seem to care anymore.

For example, in the YouTube video that I have posted below, you can watch a postal worker drive her truck on to someone’s lawn. She is so lazy that she doesn’t even have the energy to take a few steps and place the package at the customer’s door…

And in this next YouTube video, another postal worker does not even get out of his truck. He just carelessly tosses a package (which could contain something very expensive) toward the customer’s home…

What would cause someone to act like that?

What has caused so many Americans to no longer take any pride in their work?

Another place where this can be seen frequently is at fast food restaurants.

For instance, the photo that I have posted below of a Wendy’s employee gulping down soft serve ice cream with his mouth under the Frosty dispenser went viral on the Internet a while back…

I don’t know about you, but to me that is absolutely disgusting. Needless to say, that worker quickly lost his job.

And of course there is no shortage of other fast food horror stories out there.

The following is one of my favorite examples…

Tony Hill, a pastor in Baltimore, Maryland, once got a deep-fried mouse along with his chicken at Popeye’s. The old “I found a rat in my fried chicken!” urban legend is decades old – this particular story was given a little credence, however, by the fact that local health authorities confirmed that the Popeye’s in question had a rodent problem.

These days even the criminals are getting lazy.

The following story is very tragic. Violent crime in America is on the rise, and as the economy continues to get worse people are going to steal just about anything that is not bolted down.

In the little town of Denison, Iowa, a couple of thugs recently shot and killed an elderly couple while they were attempting to steal some scrap metal…

A Denison man told investigators that he and another man shot two people, then set fire to a trailer with the victims inside, according to court documents.

Jayden Chapman said he and Michael D. Schenk shot Marvin Huelsing, 80, and Alice Huisenga, 81, on Monday, according to a criminal complaint and affidavit filed in Crawford County District Court.

This is the kind of thing that we are going to see a lot more frequently in the years ahead.

Those thugs thought that they would get away with murder by burning the victims inside their own trailer, but they foolishly left behind a receipt from the Wal-Mart where they had just been shopping at the scene of the crime…

A pickup truck more than 200 yards north of the trailer also was burned. Near it, investigators found on the ground a receipt from the Denison Walmart with a debit-card number from a food-stamp card. Authorities determined the card was assigned to Schenck.

In this case, justice was served by the slothfulness of the American people, and I hope that those murderers are given the highest penalty allowed by law.

But in general, slothfulness is a terrible thing. And it isn’t just a few people that are being slothful. This is a national disease. I like how Jim Quinn put it in his recent article…

The government controlled public education system has flourished beyond all expectations of your owners. We’ve become a nation of techno-narcissistic, math challenged, reality TV distracted, welfare entitled, materialistic, gluttonous, indebted consumers of Chinese slave labor produced crap.

But even though so many of us are aware of what is happening to us, we just can’t seem to break out of it as a nation.

It really does seem like most people are walking around in a fog these days.

Maybe the fact that 70 million Americans are on mind-altering drugs has something to do with it.

I don’t know.

But unless Americans start taking more pride in their work again and start living their lives with meaning and purpose, it is going to be very difficult to envision a positive future for this country.

So do you have any stories similar to the ones in this article to share?

Please feel free to add to the conversation by posting a comment below…

30 Survey Results That Sound False But That Are Actually True

March 23, 2014March 23, 2014 by Michael

You will be shocked at what some Americans actually believe. For example, close to 90 percent of us believe that we are eating a healthy diet, and yet more than third of the population is officially obese. 65 percent of all Americans say that they are dissatisfied with the government, and yet nearly a third of us would be willing to submit to a “TSA body cavity search” in order to get on an airplane. As you will see below, Americans are angrier and more frustrated with government and with their lives than ever before, but we also exhibit almost unbelievable levels of sloth and apathy. Some of the numbers below are quite funny, and others are absolutely stunning. But they all say something about who we have become as a nation. The following are 30 survey results that sound false but that are actually true…

#1 According to a recent Rasmussen Reports survey, 52 percent of Americans “do not think the economy is fair to those willing to work hard”.

#2 70 percent of all Americans do not “feel engaged or inspired at their jobs”.

#3 According to another recent Rasmussen Reports survey, 59 percent of Americans believe that “less government involvement in the economy” would help reduce the size of the income gap in this country. (And those 59 percent are actually correct.)

#4 20 percent of all government workers and 26 percent of all Obama supporters consider the Tea Party to be “the biggest terror threat” that America is facing.

#5 Approximately 30 percent of all American workers have $1,000 or less saved up for retirement.

#6 A worldwide survey conducted by the Worldwide Independent Network and Gallup found that 24 percent of people around the world consider the United States to be the biggest threat to peace. Pakistan was in second place with just 8 percent.

#7 60 percent of Americans report feeling “angry or irritable”. Two years ago that number was at 50 percent.

#8 36 percent of Americans admit that they have yelled at a customer service agent during the past year.

#9 29 percent of Americans believe that “cloud computing” involves an actual cloud.

#10 A survey of employers that currently pay minimum wage to at least some of their employees found that 38 percent of them would start laying off employees if the minimum wage was raised.

#11 One survey found that 56 percent of Americans believe that it is okay for the government to track “the telephone records of millions of Americans” in order to keep us safe.

#12 When George W. Bush was president, 61 percent of Democrats considered NSA surveillance to be “unacceptable”, but now that Obama is in the White House, only 34 percent of them consider it to be “unacceptable”.

#13 67 percent of Americans support the use of unmanned drones in “homeland security missions” inside the United States.

#14 One survey found that 51 percent of all Americans agree with this statement: “it is necessary to give up some civil liberties in order to make the country safe from terrorism.”

#15 Close to one-third of all Americans would be willing to submit to a “TSA body cavity search” in order to fly.

#16 65 percent of Americans are dissatisfied “with the U.S. system of government and its effectiveness”. That is the highest level of dissatisfaction that Gallup has ever recorded.

#17 Only 8 percent of Americans believe that Congress is doing a “good” or “excellent” job.

#18 70 percent of Americans do not have confidence that the federal government will “make progress on the important problems and issues facing the country in 2014”.

#19 According to a survey conducted by the National Geographic Society, only 37 percent of all Americans in the 18 to 24-year-old age range can find the nation of Iraq on a map.

#20 Close to 25 percent of all Americans do not know that the United States declared independence from Great Britain.

#21 Right now, 29 percent of all Americans under the age of 35 are living with their parents.

#22 According to one survey, 24 percent of all U.S. teens that have a sexually-transmitted disease say that they still have unprotected sex.

#23 Approximately one out of every five teenage girls in the United States actually wants to be a teenage mother.

#24 The percentage of Americans that “believe there are signs that aliens have visited Earth” is actually higher than the percentage of Americans that believe that Jesus Christ is the Son of God.

#25 According to one recent survey, only 35 percent of all Americans say that they are better off financially than they were a year ago.

#26 It is hard to believe, but 56 percent of all Americans are considered to have “subprime credit” at this point.

#27 89.7 percent of all Americans believe that they are eating a healthy diet. Meanwhile, approximately 36 percent of all Americans are obese.

#28 44 percent of all Americans do not have a first-aid kit in their homes.

#29 48 percent of all Americans do not have any emergency supplies stored up at all.

#30 53 percent of all Americans do not even have a 3 day supply of nonperishable food and water in their homes. What will they do when a major crisis or emergency strikes? Do they actually believe that the government will swoop in to save them if something happens?

So what do you think about these survey results? Is there anything that you would add to the list? Please feel free to share what you think by posting a comment below…

Government Agency: If 9 Substations Are Destroyed, The Power Grid Could Be Down For 18 Months

March 18, 2014 by Michael

What would you do if the Internet or the power grid went down for over a year? Our key infrastructure, including the Internet and the power grid, is far more vulnerable than most people would dare to imagine. These days, most people simply take for granted that the lights will always be on and that the Internet will always function properly. But what if all that changed someday in the blink of an eye? According to the Federal Energy Regulatory Commission’s latest report, all it would take to plunge the entire nation into darkness for more than a year would be to knock out a transformer manufacturer and just 9 of our 55,000 electrical substations on a really hot summer day. The reality of the matter is that our power grid is in desperate need of updating, and there is very little or no physical security at most of these substations. If terrorists, or saboteurs, or special operations forces wanted to take down our power grid, it would not be very difficult. And as you will read about later in this article, the Internet is extremely vulnerable as well.

When I read the following statement from the Federal Energy Regulatory Commission’s latest report, I was absolutely floored…

“Destroy nine interconnection substations and a transformer manufacturer and the entire United States grid would be down for at least 18 months, probably longer.”

Wow.

What would you do without power for 18 months?

FERC studied what it would take to collapse the entire electrical grid from coast to coast. What they found was quite unsettling…

In its modeling, FERC studied what would happen if various combinations of substations were crippled in the three electrical systems that serve the contiguous U.S. The agency concluded the systems could go dark if as few as nine locations were knocked out: four in the East, three in the West and two in Texas, people with knowledge of the analysis said.

The actual number of locations that would have to be knocked out to spawn a massive blackout would vary depending on available generation resources, energy demand, which is highest on hot days, and other factors, experts said. Because it is difficult to build new transmission routes, existing big substations are becoming more crucial to handling electricity.

So what would life look like without any power for a long period of time? The following list comes from one of my previous articles…

-There would be no heat for your home.

-Water would no longer be pumped into most homes.

-Your computer would not work.

-There would be no Internet.

-Your phones would not work.

-There would be no television.

-There would be no radio.

-ATM machines would be shut down.

-There would be no banking.

-Your debit cards and credit cards would not work.

-Without electricity, gas stations would not be functioning.

-Most people would be unable to do their jobs without electricity and employment would collapse.

-Commerce would be brought to a standstill.

-Hospitals would not be able to function.

-You would quickly start running out of medicine.

-All refrigeration would shut down and frozen foods in our homes and supermarkets would start to go bad.

If you want to get an idea of how quickly society would descend into chaos, just watch the documentary “American Blackout” some time. It will chill you to your bones.

The truth is that we live in an unprecedented time. We have become extremely dependent on technology, and that technology could be stripped away from us in an instant.

Right now, our power grid is exceedingly vulnerable, and all the experts know this, but very little is being done to actually protect it…

“The power grid, built over many decades in a benign environment, now faces a range of threats it was never designed to survive,” said Paul Stockton, a former assistant secretary of defense and president of risk-assessment firm Cloud Peak Analytics. “That’s got to be the focus going forward.”

If a group of agents working for a foreign government or a terrorist organization wanted to bring us to our knees, they could do it.

In fact, there have actually been recent attacks on some of our power stations. Here is just one example…

The Wall Street Journal’s Rebecca Smith reports that a former Federal Energy Regulatory Commission chairman is acknowledging for the first time that a group of snipers shot up a Silicon Valley substation for 19 minutes last year, knocking out 17 transformers before slipping away into the night.

The attack was “the most significant incident of domestic terrorism involving the grid that has ever occurred” in the U.S., Jon Wellinghoff, who was chairman of the Federal Energy Regulatory Commission at the time, told Smith.

Have you heard about that attack before now?

Most Americans have not.

But it should have been big news.

At the scene, authorities found “more than 100 fingerprint-free shell casings“, and little piles of rocks “that appeared to have been left by an advance scout to tell the attackers where to get the best shots.”

So what happens someday when the bad guys decide to conduct a coordinated attack against our power grid with heavy weapons?

It could happen.

In addition, as I mentioned at the top of this article, the Internet is extremely vulnerable as well.

For example, did you know that authorities are so freaked out about the security of the Internet that they have given “the keys to the Internet” to a very small group of individuals that meet four times per year?

It’s true. The following is from a recent story posted by the Guardian…

The keyholders have been meeting four times a year, twice on the east coast of the US and twice here on the west, since 2010. Gaining access to their inner sanctum isn’t easy, but last month I was invited along to watch the ceremony and meet some of the keyholders – a select group of security experts from around the world. All have long backgrounds in internet security and work for various international institutions. They were chosen for their geographical spread as well as their experience – no one country is allowed to have too many keyholders. They travel to the ceremony at their own, or their employer’s, expense.

What these men and women control is the system at the heart of the web: the domain name system, or DNS. This is the internet’s version of a telephone directory – a series of registers linking web addresses to a series of numbers, called IP addresses. Without these addresses, you would need to know a long sequence of numbers for every site you wanted to visit. To get to the Guardian, for instance, you’d have to enter “77.91.251.10” instead of theguardian.com.

If the system that controls those IP addresses gets hijacked or damaged, we would definitely need someone to press the “reset button” on the Internet.

Sadly, the hackers always seem to be several steps ahead of the authorities. In fact, according to one recent report, breaches of U.S. government computer networks go undetected 40 percent of the time…

A new report by Sen. Tom Coburn (R., Okla.) details widespread cybersecurity breaches in the federal government, despite billions in spending to secure the nation’s most sensitive information.

The report, released on Tuesday, found that approximately 40 percent of breaches go undetected, and highlighted “serious vulnerabilities in the government’s efforts to protect its own civilian computers and networks.”

“In the past few years, we have seen significant breaches in cybersecurity which could affect critical U.S. infrastructure,” the report said. “Data on the nation’s weakest dams, including those which could kill Americans if they failed, were stolen by a malicious intruder. Nuclear plants’ confidential cybersecurity plans have been left unprotected. Blueprints for the technology undergirding the New York Stock Exchange were exposed to hackers.”

Yikes.

And things are not much better when it comes to cybersecurity in the private sector either. According to Symantec, there was a 42 percent increase in cyberattacks against businesses in the United States last year. And according to a recent report in the Telegraph, our major banks are being hit with cyberattacks “every minute of every day”…

Every minute, of every hour, of every day, a major financial institution is under attack.

Threats range from teenagers in their bedrooms engaging in adolescent “hacktivism”, to sophisticated criminal gangs and state-sponsored terrorists attempting everything from extortion to industrial espionage. Though the details of these crimes remain scant, cyber security experts are clear that behind-the-scenes online attacks have already had far reaching consequences for banks and the financial markets.

For much more on all of this, please see my previous article entitled “Big Banks Are Being Hit With Cyberattacks ‘Every Minute Of Every Day’“.

Up until now, attacks on our infrastructure have not caused any significant interruptions in our lifestyles.

But at some point that will change.

Are you prepared for that to happen?

We live at a time when our world is becoming increasingly unstable. In the years ahead it is quite likely that we will see massive economic problems, major natural disasters, serious terror attacks and war. Any one of those could cause substantial disruptions in the way that we live.

At this point, even NASA is warning that “civilization could collapse”…

A new study sponsored by Nasa’s Goddard Space Flight Center has highlighted the prospect that global industrial civilisation could collapse in coming decades due to unsustainable resource exploitation and increasingly unequal wealth distribution.

Noting that warnings of ‘collapse’ are often seen to be fringe or controversial, the study attempts to make sense of compelling historical data showing that “the process of rise-and-collapse is actually a recurrent cycle found throughout history.” Cases of severe civilisational disruption due to “precipitous collapse – often lasting centuries – have been quite common.”

So let us hope for the best.

But let us also prepare for the worst.

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