Is the U.S. economy going to be okay? Well, if the only source you listened to was the mainstream media, you would be left with the distinct impression that the U.S. economy is heading toward a full recovery and that everything is going to be alright. Unfortunately, that is not the case at all. The United States is rapidly becoming poorer as a nation and less competitive in the global marketplace. At the same time, consumer debt levels are rising, corporate debt levels are rising, state and local government debt levels are rising and the U.S. government is indulging in a debt binge unlike anything the world has ever seen. Considering the insane amount of money the U.S. government has been pumping into the economy, we should have seen a much more robust recovery by now. Instead, the employment statistics have barely moved and government dependence is at an all-time high. That is really sad, because this is as good as “the recovery” is going to get. The next major economic downturn is just around the bend, and in future years millions of us will desperately yearn for the “good old days” of 2012. (Read More...)
A Cashless Society May Be Closer Than Most People Would Ever Dare To Imagine
Most people think of a cashless society as something that is way off in the distant future. Unfortunately, that is simply not the case. The truth is that a cashless society is much closer than most people would ever dare to imagine. To a large degree, the transition to a cashless society is being done voluntarily. Today, only 7 percent of all transactions in the United States are done with cash, and most of those transactions involve very small amounts of money. Just think about it for a moment. Where do you still use cash these days? If you buy a burger or if you purchase something at a flea market you will still use cash, but for any mid-size or large transaction the vast majority of people out there will use another form of payment. Our financial system is dramatically changing, and cash is rapidly becoming a thing of the past. We live in a digital world, and national governments and big banks are both encouraging the move away from paper currency and coins. But what would a cashless society mean for our future? Are there any dangers to such a system? (Read More...)
20 Signs That We Are Witnessing The Complete Collapse Of Common Sense In America
What do you do when an entire nation begins to lose the capacity to think rationally? Many Americans spend a great deal of time criticizing the government, and there is certainly a lot to complain about, but it is not just the government that is the problem. All over America, people appear to be going insane. It is almost as if we have been cursed with stupidity. Sadly, this applies from the very top of our society all the way down to the very bottom. A lot of us find ourselves asking the following question much more frequently these days: “How could they be so stupid?” Unfortunately, we are witnessing a complete collapse of common sense all over America. Many people seem to believe that if we could just get Obama out of office or if we could just reform our economic system that our problems as a nation would be solved, but that is simply not true. Our problems run much deeper than that. The societal decay that is plaguing our country is very deep and it is everywhere. We are a nation that is full of people that do not care about others and that just want to do what is right in their own eyes. We hold ourselves out to the rest of the world as “the greatest nation on earth” and an example that everyone else should follow, and yet our own house is rotting all around us. The words “crazy”, “insane” and “deluded” are not nearly strong enough to describe our frame of mind as a country. America has become a sad, delusional old man that can’t even think straight anymore. The evidence of our mental illness is everywhere. (Read More...)
10 Reasons Why The Reign Of The Dollar As The World Reserve Currency Is About To Come To An End
The U.S. dollar has probably been the closest thing to a true global currency that the world has ever seen. For decades, the use of the U.S. dollar has been absolutely dominant in international trade. This has had tremendous benefits for the U.S. financial system and for U.S. consumers, and it has given the U.S. government tremendous power and influence around the globe. Today, more than 60 percent of all foreign currency reserves in the world are in U.S. dollars. But there are big changes on the horizon. The mainstream media in the United States has been strangely silent about this, but some of the biggest economies on earth have been making agreements with each other to move away from using the U.S. dollar in international trade. There are also some oil producing nations which have begun selling oil in currencies other than the U.S. dollar, which is a major threat to the petrodollar system which has been in place for nearly four decades. And big international institutions such as the UN and the IMF have even been issuing official reports about the need to move away form the U.S. dollar and toward a new global reserve currency. So the reign of the U.S. dollar as the world reserve currency is definitely being threatened, and the coming shift in international trade is going to have massive implications for the U.S. economy. (Read More...)
Saudi Arabia And China Team Up To Build A Gigantic New Oil Refinery – Is This The Beginning Of The End For The Petrodollar?
The largest oil exporter in the Middle East has teamed up with the second largest consumer of oil in the world (China) to build a gigantic new oil refinery and the mainstream media in the United States has barely even noticed it. This mammoth new refinery is scheduled to be fully operational in the Red Sea port city of Yanbu by 2014. Over the past several years, China has sought to aggressively expand trade with Saudi Arabia, and China now actually imports more oil from Saudi Arabia than the United States does. In February, China imported 1.39 million barrels of oil per day from Saudi Arabia. That was 39 percent higher than last February. So why is this important? Well, back in 1973 the United States and Saudi Arabia agreed that all oil sold by Saudi Arabia would be denominated in U.S. dollars. This petrodollar system was adopted by almost the entire world and it has had great benefits for the U.S. economy. But if China becomes Saudi Arabia’s most important trading partner, then why should Saudi Arabia continue to only sell oil in U.S. dollars? And if the petrodollar system collapses, what is that going to mean for the U.S. economy? (Read More...)
Feeding The Homeless BANNED In Major Cities All Over America
What would you do if you came across someone on the street that had not had anything to eat for several days? Would you give that person some food? Well, the next time you get that impulse you might want to check if it is still legal to feed the homeless where you live. Sadly, feeding the homeless has been banned in major cities all over America. Other cities that have not banned it outright have put so many requirements on those that want to feed the homeless (acquiring expensive permits, taking food preparation courses, etc.) that feeding the homeless has become “out of reach” for most average people. Some cities are doing these things because they are concerned about the “health risks” of the food being distributed by ordinary “do-gooders”. Other cities are passing these laws because they do not want homeless people congregating in city centers where they know that they will be fed. But at a time when poverty and government dependence are soaring to unprecedented levels, is it really a good idea to ban people from helping those that are hurting? (Read More...)
Ben Bernanke Tries To Convince America That The Federal Reserve Is Good And The Gold Standard Is Bad
Ben Bernanke has decided that he needs to teach all of us why the Federal Reserve is good for America and about why the gold standard is bad. On Tuesday, Bernanke delivered the first of four planned lectures to a group of students at George Washington University. But that lecture was not just for the benefit of those students. Officials at the Fed have long planned for this lecture series to be an opportunity for Bernanke to “educate” the American people about the Federal Reserve. The classroom was absolutely packed with reporters and just about every major news organization is running a story about this first lecture. So the Federal Reserve is definitely getting the publicity that it was hoping for. You can see the slides from the presentation that Bernanke gave to the students right here. It is pretty obvious that one of the primary goals of this first lecture was to attack those that have been critical of the Fed over the past few years. In doing so, Bernanke “stretched” the truth on more than one occasion. (Read More...)
40 Weird Facts About The United States That Are Almost Too Crazy To Believe
In case you hadn’t noticed, the United States is a really weird place. Not that “weird” is always bad. Sometimes “weird” can keep life interesting. But without a doubt, the United States is one of the most unique nations in the history of the world. Some of the weird facts about the United States listed below may be difficult for you to believe. Others are likely to completely shock you. Hopefully there is a little something for everyone in this article, and hopefully you will learn some new things from reading it. I know that I certainly learned some new things as I wrote it. In general, everything tends to be larger in America. The people are larger, the cars are larger, the divorce rate is the highest on the planet and the U.S. government has piled up the largest debt in the history of the world. Whether America does something good or bad, it usually does it in a very “big” way. It is easy to love the United States and all the good that it has done, but it is also easy to be horrified by how far this nation has fallen and by the direction that this country is currently headed. So where does America go from here? That is a very good question. (Read More...)