It has been called “America’s most disturbing holiday”. Black Friday is the day when millions of average Americans wait outside retail stores in the middle of the night in the freezing cold to spend more money that they do not have for more cheap Chinese-made products that they do not need. It is a day when the rest of the world makes fun of Americans for behaving like “rabid animals” and “zombies” as we indulge in a tsunami of greed. It truly is a shameful orgy of materialism for a morally bankrupt nation. It is being projected that approximately 140 million Americans will participate in this disgusting national ritual this year. Sadly, most of them have absolutely no idea that they are actively participating in the destruction of the economic infrastructure of the United States. If you don’t understand why this is true, please be sure to read this entire article all the way to the end. (Read More...)
China Is On A Debt Binge And A Buying Spree Unlike Anything The World Has Ever Seen Before
When it comes to reckless money creation, it turns out that China is the king. Over the past five years, Chinese bank assets have grown from about 9 trillion dollars to more than 24 trillion dollars. This has been fueled by the greatest private debt binge that the world has ever seen. According to a recent World Bank report, the level of private domestic debt in China has grown from about 9 trillion dollars in 2008 to more than 23 trillion dollars today. In other words, in just five years the amount of money that has been loaned out by banks in China is roughly equivalent to the amount of debt that the U.S. government has accumulated since the end of the Reagan administration. And Chinese bank assets now absolutely dwarf the assets of the U.S. Federal Reserve, the European Central Bank, the Bank of Japan and the Bank of England combined. You can see an amazing chart which shows this right here. A lot of this “hot money” has been flowing out of China and into U.S. companies, U.S. stocks and U.S. real estate. Unfortunately for China (and for the rest of us), there are lots of signs that the gigantic debt bubble in China is about to burst, and when that does happen the entire world is going to feel the pain. (Read More...)
“I Fear For What’s Coming” – 68 Percent Of Americans Believe The Country Is On The Wrong Track
Are you deeply concerned about the future of America? Is something in your gut telling you that our system is fundamentally broken and that the mainstream media is not telling you the truth about what is happening? If so, you are definitely not alone. Right now, there are millions upon millions of Americans that are absolutely horrified as they watch this nation deteriorate. In fact, according to an analysis of recent polling data conducted by Real Clear Politics, approximately 68 percent of all Americans believe that the country is on the wrong track and only 23.5 percent of all Americans believe that the country is on the right track. And of course our problems did not appear just recently. In fact, many of them are the result of decades of very foolish decisions and they are not going to be fixed easily. Unfortunately, there is very little consensus among Americans about how to fix any of our problems. There is more anger, frustration, hatred and division in the United States today than there has been in decades, and there is very little hope that the great storms that are looming on the horizon will be averted. Those that are wise are preparing for what is coming. Those that are not are going to be absolutely blindsided by what is rapidly approaching. (Read More...)
Would You Date An Unemployed Man? – 75 Percent Of Women Would Not
If you are a man living in America today, to a large degree your value to society is determined by how much money you make. It should not be that way, but that is how our society works. And if you do not have a job at all and you cannot take care of your own family, then almost everyone looks down on you even if it is not your fault. Once you are unemployed, it becomes the number one defining factor in your life. Yes, there are a few people that may look at you in the same way, but in the eyes of most you will now be less of a man. Sadly, this is particularly true when it comes to romantic relationships. Unemployed men tend to have unhappier marriages, they tend to divorce more frequently, and as you will see below approximately 75 percent of all American women do not have any interest in dating unemployed men. Unfortunately for American men, the decline of the U.S. economy in recent years has had a disproportionate impact on them. The past five years have been the worst years for employment for American men in the post-World War II era, and things are only going to get worse from here. (Read More...)
China Announces That It Is Going To Stop Stockpiling U.S. Dollars
China just dropped an absolute bombshell, but it was almost entirely ignored by the mainstream media in the United States. The central bank of China has decided that it is “no longer in China’s favor to accumulate foreign-exchange reserves”. During the third quarter of 2013, China’s foreign-exchange reserves were valued at approximately $3.66 trillion. And of course the biggest chunk of that was made up of U.S. dollars. For years, China has been accumulating dollars and working hard to keep the value of the dollar up and the value of the yuan down. One of the goals has been to make Chinese products less expensive in the international marketplace. But now China has announced that the time has come for it to stop stockpiling U.S. dollars. And if that does indeed turn out to be the case, than many U.S. analysts are suggesting that China could also soon stop buying any more U.S. debt. Needless to say, all of this would be very bad for the United States. (Read More...)
One Lawmaker Is Literally Smashing The Belongings Of The Homeless With A Sledgehammer
There is a war on compassion in America today. You are about to read about a Hawaii lawmaker that has used a sledgehammer to smash up at least 30 shopping carts that homeless people were using. Yes, you read that correctly. He is actually carrying a sledgehammer around so that he can destroy the belongings of homeless people. He claims that it is his intention “to do something practical that will really clean up the streets”. But as crazy as that sounds, the truth is that he is not alone. As you will read about below, there are dozens of major cities all over the country where feeding the homeless has been banned. In many of these instances, public officials are very open about the fact that the goal is to make their cities “cleaner” and “safer” places to live. They simply do not want the homeless around. In fact, there are some cities such as San Diego and San Francisco where social workers are actually giving homeless people one-way bus tickets out of town. If you doubt this, just keep reading. The United States is becoming a very cold, heartless place, and homeless people are increasingly being treated like human garbage in this country. So how bad will the treatment of the homeless become when the economy gets really bad? (Read More...)
Fake Employment Numbers – And 5 More Massive Economic Lies The Government Is Telling You
According to a whistleblower that has recently come forward, Census employees have been faking and manipulating U.S. employment numbers for years. In fact, it is being alleged that this manipulation was a significant reason for why the official unemployment rate dipped sharply just before the last presidential election. What you are about to read is incredibly disturbing. The numbers that the American people depend upon to make important decisions are being faked. But should we be surprised by this? After all, Barack Obama has been caught telling dozens of major lies over the past five years. At this point it is incredible that there are any Americans that still trust anything that comes out of his mouth. And of course it is not just Obama that has been lying to us. Corruption and deception are rampant throughout the entire federal government, and this has been the case for years. Now that some light is being shed on this, hopefully the American people will respond with overwhelming outrage and disgust. (Read More...)
Collecting Donations For Wal-Mart Employees That Cannot Afford Thanksgiving Dinner?
You may find what is happening at one Wal-Mart in Ohio very hard to believe. At the Wal-mart on Atlantic Boulevard in Canton, Ohio employees are being asked to donate food items so that other employees that cannot afford to buy Thanksgiving dinner will be able to enjoy one too. You can see a photo of the donation bins that has been posted on Twitter right here. On the one hand, it is commendable that someone at that Wal-Mart is deeply concerned about the employees that are so poor that they cannot afford to buy the food that they need for Thanksgiving. On the other hand, this is a perfect example that shows how the quality of the jobs in this country has gone down the toilet. Wal-Mart is the largest employer in the United States and it had operating income of 26.5 billion dollars last year. Wal-Mart is not required to pay their employees a decent wage, and it is very unlikely that anyone will force them to. But they should. Because Wal-Mart does not pay decent wages to their employees, the rest of us end up with the bill. As you will see below, huge numbers of Wal-Mart employees end up on Medicaid and other government assistance programs. Meanwhile, those that control Wal-Mart continue to enjoy absolutely massive profits. (Read More...)