Financial Weapons Of Mass Destruction: The Top 25 U.S. Banks Have 222 Trillion Dollars Of Exposure To Derivatives

The recklessness of the “too big to fail” banks almost doomed them the last time around, but apparently they still haven’t learned from their past mistakes.  Today, the top 25 U.S. banks have 222 trillion dollars of exposure to derivatives.  In other words, the exposure that these banks have to derivatives contracts is approximately equivalent to the gross domestic product of the United States times twelve.  As long as stock prices continue to rise and the U.S. economy stays fairly stable, these extremely risky financial weapons of mass destruction will probably not take down our entire financial system.  But someday another major crisis will inevitably happen, and when that day arrives the devastation that these financial instruments will cause will be absolutely unprecedented. (Read More...)

The Federal Reserve Must Go

If you want to permanently fix America’s economy, there really is no other choice.  Even before Ron Paul’s rallying cry of “End The Fed” shook America during the peak of the Tea Party movement, I was a huge advocate of shutting down the Federal Reserve.  Because no matter how hard we try to patch it up otherwise, the truth is that our debt-based financial system has been fundamentally flawed from the very beginning, and the Federal Reserve is the very heart of that system.  The following is a free preview of an upcoming book that I am working on about how to turn this country is a more positive direction… (Read More...)

Michael Snyder Is Calling For An Army Of Pro-Trump Activists To Run For Office All Over America

It is really easy to sit back and complain about the direction of this country, but what America really needs at this hour are men and women that are willing to step into the fight to save our constitutional republic.  As I have said before, getting Donald Trump elected was the greatest miracle in U.S. political history, but he should not have to wage this battle alone.  Trump has very few friends in Congress at this point, and so it is absolutely critical that we get him some during the 2018 mid-term elections.  So I am calling for an army of pro-Trump activists to run for national, state and local offices all over America in 2018.  Donald Trump started this revolution, and now it is our job to continue it. (Read More...)

Mark Zuckerberg, The Rock, Katy Perry And Oprah Winfrey Are All Thinking Of Running For President

Donald Trump has proven that you don’t have to be a career politician to successfully run for president, and so now a number of top celebrities are actually seriously thinking about running against him in 2020.  Unless Hillary Clinton runs again, the Democrats really don’t have an obvious choice, and so this next election cycle presents a unique opportunity for outsider candidates that may want to test the political waters.  In politics, timing is everything, and for celebrities at the peak of their popularity the 2020 election may be their best and only shot at the highest office in the land. (Read More...)

Baltimore Has Become A Rotting, Decaying War Zone As A Raging Opioid Epidemic Eats Away At The City Like Cancer

It is hard to believe that Baltimore was once one of the greatest cities in the entire world.  Unlike nearby Washington D.C., Baltimore is a blue collar city that is home to some of the hardest working people in America.  When I was in high school, my brother and I were huge fans of the Baltimore Orioles, and once in a while our parents would drive us from our home in Virginia all the way up to Baltimore to see them play.  As an adult, I spent a number of years living near D.C., and I would take frequent trips up to Baltimore.  To say that the city is in a state of decline would be a major understatement.  Everywhere you look there are abandoned buildings and homes, and as you drive through some of the worst areas you can actually see drug addicts just lying in the streets.  Just like so many other communities all over this country, decades of liberal policies have taken a brutal toll, and now the city is just a rotting, decaying shell of the glorious metropolis that it once was. (Read More...)

Thousands Flee Chicago For Safer Areas Of The Country As America’s Third Largest City Becomes A Gang-Infested Wasteland

Did you know that the number of murders increased by almost 60 percent in the city of Chicago last year?  And as you will see below, this year gang violence in the Windy City has risen to a new level of viciousness.  A staggering 9.5 million people live in the Chicago metropolitan area, and it was once known primarily for great pizza, bitter cold and some of the best sports fans on the entire planet.  But now the number one thing that comes to mind for many when they think about the city of Chicago is gang violence.  As it becomes clear that things are not going to turn around any time soon, thousands of residents are leaving the city for safer areas of the nation.  In fact, Cook County lost more people than any other county in America last year by a very wide margin. (Read More...)

Former Reagan Administration Official Is Warning Of A Financial Collapse Some Time ‘Between August And November’

If a former Reagan administration official is correct, we are likely to see the next major financial collapse by the end of 2017.  According to Wikipedia, David Stockman “is an author, former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.”  He has been frequently interviewed by mainstream news outlets such as CNBC, Bloomberg and PBS, and he is a highly respected voice in the financial community.  Like other analysts, Stockman believes that the U.S. economy is in dire shape, and he told Greg Hunter during a recent interview that he is convinced that the S&P 500 could soon crash “by 40% or even more”… (Read More...)

Global Collapse: Children Are Literally Starving To Death In Venezuela And Yemen

Venezuela and Yemen were both once very prosperous nations, but now parents are literally watching their children starve to death as the economies of both nations continue to utterly collapse.  Just like so many here in the United States, most of those living in Venezuela and Yemen would have called you completely crazy if you would have warned them that this was going to happen five years ago.  In particular, Venezuela has more proven oil reserves than almost anyone else on the planet, and so to most of their citizens it was unimaginable that things could ever get this bad.  But it has happened, and the collapse that has already begun in parts of South America, Africa and the Middle East will soon spread elsewhere. (Read More...)

+ More