Young Girls BANNED From Selling Girl Scout Cookies On Their Own Front Lawn

Once upon a time in America, if you were a couple of little girls and you wanted to sell lemonade or girl scout cookies at a little stand in front of your home nobody would give you any problems.  In fact, most of the people passing by would have smiled and would have seen it as a sign of hope that the next generation was being so industrious.  Well, that is not the way that it works anymore.  Today, all across America nightmarish control freaks are seeking to micromanage every single aspect of our lives.  That includes banning young girls from selling girl scout cookies on their own front lawns.  Yes, you read that correctly.  In Missouri of all places, two young girls named Abigail and Caitlin Mills were recently taught a lesson on how to be good citizens in the emerging totalitarian control grid going up all over the United States.  After a complaint from a neighbor, the city of Hazelwood cracked down on the two girls and told them that they must shut down the girl scout cookie stand that they had been operating in their front yard. (Read More...)

Will Financial Problems In Portugal Cause The European Debt Crisis To Spiral Out Of Control?

Most Americans have no idea just how bad the financial problems over in Europe are right now.  The truth is that the entire European financial system is teetering on the brink of disaster.  Ireland and Greece have already received bailouts and Portugal, Spain, Italy, France and Belgium are all drowning in an ocean of unsustainable debt.  Sovereign credit ratings all over Europe have being slashed in recent months.  For example, a while back Moody’s Investors Service cut Ireland’s bond rating by five levels.  Up until now Europe has weathered all of this financial instability fairly well, but now huge new financial problems in Portugal threaten to send the European debt crisis spinning out of control. (Read More...)

How Can America Create Wealth If Our Industrial Base Is Destroyed? 50,000 Manufacturing Jobs Have Been Lost Every Month Since 2001

Any economy that constantly consumes far more wealth than it produces is eventually going to be in for a very hard fall.  Many point to relatively stable GDP numbers as evidence that the U.S. economy is doing okay, but the truth is that we have had to borrow increasingly massive amounts of money to keep GDP numbers up at that level.  The U.S. government is going to run an all-time record deficit of about 1.65 trillion dollars this year and average household debt in the United States has now reached a level of 136% of average household income.  But borrowing endless amounts of money and consuming massive amounts of wealth with that borrowed money is a road that leads to economic oblivion.  The only way to have a healthy economy in the long run is to create wealth.  But how can America create wealth if our industrial base is being absolutely destroyed?  According to Forbes, the United States has lost an average of 50,000 manufacturing jobs per month since China joined the World Trade Organization in 2001.  Hundreds of formerly thriving industries in the United States are being totally wiped out.  China uses every trick in the book to win trade battles.  They deeply subsidize their domestic industries, they openly steal technology, they blatantly manipulate currency rates and they allow their citizens to be paid slave labor wages.  So yes, the products coming from China are cheaper, but in the process tens of thousands of factories in the U.S. are shutting down, millions of jobs are being lost and the ability of America to create wealth is being compromised. (Read More...)

18 Reasons Why You Can Stick A Fork In The New Home Construction Industry

If you make your living by building or selling new homes in the United States, you might want to consider taking up a different career for a while.  New homes sales in the United States hit yet another new all-time record low in the month of February, and there are a whole lot of reasons why new home sales are going to stay extremely low for an extended period of time.  The massive wave of foreclosures that we have seen has produced a giant glut of unsold homes in the marketplace, mortgage lenders are making it really hard to get approved for home loans, unemployment is still rampant and the global economy looks like it may soon plunge into another major recession.  None of those things is good news for the new home construction industry.  The truth is that we were supposed to have seen new home sales already bounce back by now.  If you look at the historical numbers, new home sales in the U.S. always increased significantly after the end of every recession since World War 2.  But that did not happen this time.  Instead, new home sales have just continued to decline.  This is absolutely unprecedented, and economists are puzzled.  So what is going to happen if the U.S. economy suffers another major downturn? (Read More...)

How Is The Central Economic Planning That The Federal Reserve Does Different From The Central Economic Planning That Communist China Does?

Most Americans believe that we still live in a capitalist system and that free markets primarily determine the growth and development of our economy.  But is that really the case?  No, sadly it is not.  The truth is that the U.S. Federal Reserve does a tremendous amount of central economic planning.  So what makes the central economic planning that the Federal Reserve does different from the central economic planning that communist China does?  Yes, in China it is the government that does the central planning and in the United States it is a private central bank that does the central planning, but other than that are there any huge differences?  And if our economy is centrally planned, then how can we continue to claim that we still have a free market capitalist system? (Read More...)

Rich vs Poor: 14 Funny Statistics And 14 Not So Funny Statistics About This “Economic Recovery”

Today there are two very different Americas.  In one America, the stock market is soaring, huge bonuses are taken for granted, the good times are rolling and people are spending money as if they will be able to “live the dream” for the rest of their lives.  In the other America, the one where most of the rest of us live, unemployment is rampant, a million families were kicked out of their homes last year and hordes of American families are drowning in debt.  The gap between the rich and the poor is bigger today than it ever has been before.  In fact, this article is not so much about “rich vs poor” as it is about “the rich vs the rest of us”.  Barack Obama and Ben Bernanke keep touting an “economic recovery”, but the truth is that the only ones that seem to be benefiting from this recovery are those at the very top of the economic food chain. (Read More...)

Shaken: 10 Economic Disasters Which Threaten To Rip World Financial Markets To Shreds

2011 has already been the most memorable year in ages and we haven’t even reached April yet.  Revolutions have swept the Middle East, an unprecedented earthquake and tsunami have hit Japan, civil war has erupted in Libya, the price of oil has been soaring and the entire globe is teetering on the brink of economic collapse.  It seems like almost everything that can be shaken is being shaken.  Unfortunately, it does not appear that things are going to settle down any time soon.  The Japanese economy has been dealt a critical blow, the European sovereign debt crisis could flare up again at any moment and the U.S. economy could potentially plunge into another recession by the end of the year.  The global economy and world financial markets were really struggling to recover even when things were relatively stable.  If all of this global instability gets even worse it could literally rip world financial markets apart. (Read More...)