The College Admissions Scandal Is A Perfect Example Of How Deeply Corrupt America Has Become

Is there anything left in this country that has not been deeply tainted by corruption?  By now you have probably heard that dozens of people have been arrested for participating in a multi-million dollar college admissions scam.  Enormous amounts of money were paid out in order to ensure that children from very wealthy families were able to get into top schools such as Yale University, Stanford University, the University of Texas and the University of Southern California.  We should certainly be disgusted by these revelations, but we shouldn’t be surprised.  Such corruption happens every single day on every single level of society in America.  At this point our nation is so far gone that it is shocking when you run into someone that actually still has some integrity. (Read More...)

New Numbers Confirm That The Global Economy And The U.S. Economy Are The Weakest They Have Been Since The Last Recession

Even mainstream economists are admitting that economic activity is slowing down.  And at this point that fact would be very difficult to deny, because the numbers are very clear.  We haven’t faced anything like this in a decade, and many are deeply concerned about what is coming next.  Will it be just another recession, or will it be an even greater crisis than we faced in 2008?  According to Bloomberg Economics, the global economy experienced a “sharp loss of speed” over the course of 2008 and global economic conditions are now “the weakest since the global financial crisis”… (Read More...)

Millennials Are More Than A Trillion Dollars In Debt, And Most Of Them Don’t Even Own A Home

When compared to a similar point in time, Millennials are deeper in debt than any other generation that has come before them.  And the biggest reason why they are in so much debt may surprise you.  We’ll get to that in a minute, but first let’s talk about the giant mountain of debt that Millennials have accumulated.  According to the New York Fed, the total amount of debt that Millennials are carrying has risen by a whopping 22 percent in just the last five years… (Read More...)

Damascus To Become A “Ruinous Heap”?: Syria Threatens To Attack The Golan Heights And Israel Prepares For War

The winds of war are blowing once again, and it isn’t going to take much to spark a major conflict in the Middle East.  This week is the eighth anniversary of the beginning of the civil war in Syria, and after the nightmare that the people of Syria have been through, you would think that the Assad regime would be eager for peace.  But instead, Assad appears to be ready to go for broke.  If Syria can spark a Middle East war that results in the complete destruction of Israel, Assad would be remembered as a hero in the Islamic world forever.  Instead of a legacy of civil war and crushing poverty, Assad’s legacy would be one of wartime leader that brought total victory over Syria’s most hated enemy.  But of course such a conflict would be a huge risk, because if it went badly the city of Damascus would be completely flattened and the nation of Syria as we know it today would be entirely destroyed.  And considering how overwhelmingly powerful the Israeli military is, it would seem to be a very foolish risk to take.  Unfortunately, Assad does not appear to be thinking rationally.  On Thursday, Syria officially threatened “to attack Israel unless it withdraws from the Golan Heights”.  The following comes from the Jerusalem Post… (Read More...)

U.S. Job Cut Announcements Rise 117 Percent To The Highest Level That We Have Seen In More Than 3 Years

We have not seen anything like this since the last recession.  Layoff announcements are coming fast and furious now, and the speed at which workers are being laid off is shocking a lot of people.  In this day and age, big companies have absolutely no loyalty to their workers.  The moment it becomes financially advantageous for them to start laying off employees, most of them will do it in a heartbeat.  I personally know someone that was an extremely hard worker and that put in extra time and effort for his company for many, many years, but he was just laid off because that is what the number crunchers determined was the right move.  It is a cold, cruel world, and as we witnessed back in 2008, job losses can occur at a pace that is absolutely breathtaking when a recession strikes. (Read More...)

The Trade Deficit Continues To Explode, Factories Continue To Be Closed, And U.S. Jobs Continue To Be Sent Overseas

The long-term trends that are gutting the U.S. economy continue to get even worse.  As you will see below, our goods trade deficit with the rest of the world hit a brand new record high in 2018, and most Americans simply do not understand why this is such a massive problem.  Every year, we buy far more from the rest of the world than they buy from us, and that means that the amount of money going out of the country far surpasses the amount that is coming in.  This constant outflow of cash is one of the reasons why we are unable to pay our bills, and so we have to keep begging the rest of the world to lend us our money back.  Needless to say, this is one of the big factors that has fueled our 22 trillion dollar national debt.  In addition, when we run absolutely massive trade deficits we lose factories and workers to other countries.  Since China joined the WTO in 2001, the United States has lost more than 60,000 factories.  As factories keep closing down, community after community is being gutted all across America, and without a doubt this is truly a major national crisis. (Read More...)

As The Economy Teeters On The Brink Of A Recession, U.S. Debt Levels Are Absolutely Exploding

We now have official confirmation that the U.S. economy has dramatically slowed down.  In recent days I have shared a whole bunch of numbers with my readers that clearly demonstrate that a new economic downturn has begun.  And even though stock prices have been rising, the numbers for the “real economy” have been depressingly bad lately.  But what we didn’t have was official confirmation from the Federal Reserve that the economy is really slowing down, but now we do.  According to the Atlanta Fed’s GDPNow model, the economy is growing “at a 0.3 percent annualized rate in the first quarter”… (Read More...)

Alexandria Ocasio-Cortez’s Own Mother Moved Out Of New York Because The Taxes Were Too High

Alexandria Ocasio-Cortez continues to come up with new ways to bankrupt America, but meanwhile we have now learned that her mother actually moved out of New York because the taxes were too high.  When AOC’s father Sergio died, things got very tough financially for the family, and at one point Blanca Ocasio-Cortez was unable to pay the mortgage on the family home for an entire year.  But ultimately she was able to come to an agreement with the bank, and she ended up moving to Florida where taxes and the cost of living are much lower… (Read More...)

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