Global Recession? The Canadian Economy Shrinks At The Fastest Pace Since The Last Financial Crisis

Canada - Public DomainThings have not been this bad for the Canadian economy since the last global recession.  During the second quarter of 2016, Canada’s GDP contracted at a 1.6 percent annualized rate.  That was the worst number in seven years, and it was even worse than most analysts were projecting.  This comes at a time when bad news is pouring in from all corners of the global economy.  While things in the United States are still relatively stable for the moment, the same cannot be said for much of the rest of the planet.  Canada in particular has been hit very hard by the collapse in oil prices, and the massive wildfire in northern Alberta back in May certainly did not help things.  The following comes from the BBC… (Read More...)

Winds Of War: Is Russia Conducting A Massive Mobilization Of Troops For An Invasion Of Ukraine?

Russian Troops - Public DomainThe drumbeats of war are growing louder.  Fighting in eastern Ukraine between separatists and pro-government forces has risen to an intensity not seen in well over a year, and the Russians claim that they recently foiled a “Ukrainian plot” to conduct terror attacks in Crimea.  As tensions in the region have increased, the Russians have used the cover of “military drills” to move massive amounts of troops and military equipment up to the border with Ukraine.  This is something that I wrote about a couple of weeks ago, but things have intensified since then, and a huge military exercise is planned for September.  Needless to say, the Ukrainians are quite alarmed by this, and Ukrainian President Petro Poroshenko is warning that a full scale mobilization of the Ukrainian military may be needed.  If something is going to happen, it is likely to happen soon.  As you will see below, once we get into October it will become much less likely that we would see a Russian invasion of Ukraine. (Read More...)

The Day The Lights Go Out And The Trucks Stop Running

Lights Out - Public DomainWhat would happen if some sort of major national emergency caused a massive transportation disruption that stopped trucks from running?  The next time you talk to a trucker, please thank them for their service, because without their hard work none of our lives would be possible.  In America today, very few of us live a truly independent lifestyle, and that means that we rely on the system to provide what we need.  Most of us take for granted that there will always be plenty of goods at Wal-Mart and at the grocery store whenever we need more “stuff”, and most of us never give a second thought to how all of that “stuff” gets there.  Well, the truth is that most of it is brought in by trucks, and if the trucks stopped running for some reason the entire country would devolve into chaos very rapidly. (Read More...)

America The Debt Pig: We Are A ‘Buy Now, Pay Later’ Society – And ‘Pay Later’ Is Rapidly Approaching

America The Pig - Public DomainIf you really wanted to live like a millionaire, you could start doing it right now.  All you have to do is to apply for as many credit cards as possible and then begin running up credit card balances like there is no tomorrow.  At this point, I know what most of you are probably thinking.  You are probably thinking that such a lifestyle would not last for long and that a day of reckoning would eventually come, and you would be exactly right.  In fact, anyone that has ever had a tremendous amount of credit card debt knows how painful that day of reckoning can be.  To mindlessly run up credit card debt is exceedingly reckless, but unfortunately that is precisely what we have been doing as a nation as a whole.  We are a “buy now, pay later” society, and our national day of reckoning is approaching very, very quickly. (Read More...)

World War 3 Coming Soon? Tanks Roll Across The Border As Turkish Invasion Of Syria Begins

World War 3 Apocalypse - Public DomainThe invasion of Syria that so many people have been warning about is now happening.  On Wednesday, Turkish tanks rolled across the Syrian border, and they were accompanied by radical Islamic Syrian rebels that want to ultimately overthrow the Assad regime.  This invasion was conducted under the code name “Euphrates Shield”, and it was supported by airstrikes from A-10s and F-16s that are part of the U.S.-led coalition that has been conducting airstrikes against ISIS targets in the region.  The mainstream media in the United States has been very quiet about this escalation of the conflict in Syria, but things are much different in the rest of the world.  For example, a major Israeli news source announced the attack this way: “Turkey invades Syria“.  And without a doubt, that is precisely what is taking place.  The Syrian government denounced this move by Turkey as a “blatant breach to its sovereignty”, and the Russians are deeply alarmed.  The farther Turkish forces push into northern Syria, the more likely they will be to encounter Syrian or Russian forces, and one bad move could result in the outbreak of World War 3 in the Middle East. (Read More...)

The Earth’s Crust Will Be Shaken By More Than 100,000 Earthquakes That Humans Can Feel In 2016

Earth From Space 2017 - Public DomainDid you know that our planet will be hit by more than 100,000 earthquakes of magnitude 3.0 or greater this year alone?  Earlier today, I came across a report that contained this amazing fact, but it was so incredible that I felt that I had to go and verify it myself.  So I went to the official USGS website, and I found out that this is actually true.  Overall, there are about half a million earthquakes around the globe each year, but it is only when a quake is of about magnitude 3.0 or greater that humans actually feel them.  As the very large earthquakes in Italy and Myanmar within the last 24 hours have demonstrated, the shaking of our planet is getting worse, and this is something that I have written about over and over again.  So why is this happening?  Why does the crust of our planet seemingly become more and more unstable with each passing year? (Read More...)

Detroit Has Gone From Being The Greatest Manufacturing City In The World To A Global Joke

The Ruins Of Detroit - Photo by CsmcmIn 1960, the city of Detroit was the greatest manufacturing city that the world had ever seen.  Nearly two million people lived there, and it had the highest per capita income in the United States.  That may be hard to believe, because today it actually has one of the lowest per capita incomes of all of our major cities.  Over the decades more than a million people have left the city, and thousands of abandoned homes have been torn down.  But there are still tens of thousands of abandoned dwellings that remain standing, and some have sold for as little as one dollar in recent years.  Once Detroit was the envy of the entire planet, but now it has become a global joke and in other countries they love to do news stories about “the ruins of Detroit” to show how rapidly America is rotting and decaying.  Sadly, Detroit is far from alone, because there are other formerly great manufacturing cities that have declined just as fast as Detroit has. (Read More...)

As Predicted, Obamacare Is Absolutely Killing The Middle Class

Obamacare Frustration - Public DomainThe critics of Obamacare have been proven right.  The Obama administration promised that health insurance premiums would go down.  Instead, they have absolutely skyrocketed.  The Obama administration promised that Obamacare would not kill jobs.  Instead, firms are hiring fewer workers because of suffocating health care costs.  As you will see below, even the Federal Reserve is admitting this.  The Obama administration also promised that the big health insurance companies would love the new Obamacare plans and would eagerly compete with one another to win customers in the new health insurance marketplaces.  Instead, many of the big health insurance companies are now dropping Obamacare plans altogether. (Read More...)

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