I have learned that watching what people do is much more important than listening to what they say. Back in 2008, financial authorities in the United States insisted that everything was gone to be okay. But we all know now that was a lie. Well, right now financial authorities in the U.S. and Europe are once again trying to assure us that everything is under control and that we are not headed for a global recession. Unfortunately, their actions are telling a very different story. All over the world, bailouts are flying around as if the end of the world is coming. Governments and central banks are stepping in with gigantic mountains of money to prop up bond yields, major banks and even stock markets. What we have seen over the past few months has been absolutely unprecedented. So why are such desperate measures being taken if everything is going to be just fine? Unfortunately, debt problems are never solved with more debt, so these bailouts really aren’t solving anything. We are still headed for a massive amount of financial pain. It would just be nice if the authorities would quit lying to us and would actually admit how bad things really are. (Read More...)
Getting Worse: 40 Undeniable Pieces Of Evidence That Show That America Is In Decline
Is America in decline? That is a very provocative question. I have found that most people that hate the United States are very eager to agree that America is in decline, while a lot of those that love the United States are very hesitant to admit that America is in decline. Well, I am proud to be an American, but I cannot lie and tell you that America is doing just fine. The pieces of evidence compiled below are undeniable. Our economy is deathly ill and is rapidly getting worse. We were handed the keys to the greatest economic machine in the history of the world and we have wrecked it. But until we are willing to look in the mirror and admit how bad things have gotten, we won’t be ready for the solutions that are necessary. The truth is that there are things that we can do to reverse the decline. It does not have to be permanent. We have gotten away from the things that made America great, and we need to admit that we are on the wrong path and start fixing this country. But if we choose to continue down the road that we are currently on, it will lead us into the darkest chapters in American history. (Read More...)
North Korea: The Most Bizarre Country On Earth Is Now Even More Unstable
A new era has arrived for North Korea and nobody in the western world really knows exactly what is going to happen next. Kim Jong-Il is dead, and now control over the most bizarre country on earth has been handed over to 29-year-old Kim Jong-Un. Many believe that he is even younger than that. North Korea was already quite unstable while Kim Jong-Il was leading it, and now we have a young man that is going to be eager to “prove himself” to the North Korean hierarchy. Unfortunately, a lot of young men under the age of 30 don’t handle fame and fortune too well, and a lot of them tend to be hot-headed. Hopefully Kim Jong-Un will turn out to be a reformer that will open up the doors of North Korea, but he could also end up being worse than his father. We just do not know at this point. We know that Kim Jong-Un was educated in Switzerland as a boy, we know that he speaks French, English and German, and we know that he is reportedly a fan of the NBA. Other than that, we just don’t know a whole lot about him. What we do know is that Kim Jong-Un is a product of a totalitarian society that is absolutely obsessed with destroying the United States, and that is a very frightening thing. (Read More...)
Debt-Free United States Notes Were Once Issued Under JFK And The U.S. Government Still Has The Power To Issue Debt-Free Money
Most Americans have no idea that the U.S. government once issued debt-free money directly into circulation. America once thrived under a debt-free monetary system, and we can do it again. The truth is that the United States is a sovereign nation and it does not need to borrow money from anyone. Back in the days of JFK, Federal Reserve Notes were not the only currency in circulation. Under JFK (at at various other times), a limited number of debt-free United States Notes were issued by the U.S. Treasury and spent by the U.S. government without any new debt being created. In fact, each bill said “United States Note” right at the top. Unfortunately, United States Notes are not being issued today. If you stop right now and pull a dollar out of your wallet, what does it say right at the top? It says “Federal Reserve Note”. Normally, the way our current system works is that whenever more Federal Reserve Notes are created more debt is also created. This debt-based monetary system is systematically destroying the wealth of this nation. But it does not have to be this way. The truth is that the U.S. government still has the power under the U.S. Constitution to issue debt-free money, and we need to educate the American people about this. (Read More...)
50 Economic Numbers From 2011 That Are Almost Too Crazy To Believe
Even though most Americans have become very frustrated with this economy, the reality is that the vast majority of them still have no idea just how bad our economic decline has been or how much trouble we are going to be in if we don’t make dramatic changes immediately. If we do not educate the American people about how deathly ill the U.S. economy has become, then they will just keep falling for the same old lies that our politicians keep telling them. Just “tweaking” things here and there is not going to fix this economy. We truly do need a fundamental change in direction. America is consuming far more wealth than it is producing and our debt is absolutely exploding. If we stay on this current path, an economic collapse is inevitable. Hopefully the crazy economic numbers from 2011 that I have included in this article will be shocking enough to wake some people up. (Read More...)
The Collapse Of The Euro, The Death Of The Euro And The End Of The Euro
The euro was a doomed project from the start, and now we are starting to see the endgame play out. Today, the euro fell to an 11-month low against the U.S. dollar. As I write this, the EUR/USD is at 1.2983. Back in July, the EUR/USD was over 1.45. As panic has swept the financial markets, the euro has lost more than 3 percent over the past three days. But this is just the beginning. When the euro drops below 1.20, analysts will talk about the collapse of the euro. When the euro falls toward parity with the dollar, headlines around the world will scream about the death of the euro. But when the European financial system finally collapses, we may very well actually see the end of the euro. Yes, it actually could happen. The eurozone, as it is currently constructed, simply does not work. You just can’t take 17 different nations that have 17 different fiscal policies, 17 different tax policies and 17 different economic agendas and cram them all into a single currency and expect the thing to work. The euro is a doomed currency, and if a big nation like Germany decides to walk away at some point the game is going to be over. (Read More...)
Child Poverty In America Is Absolutely EXPLODING – 16 Shocking Statistics That Will Break Your Heart
If the U.S. economy is improving, then why is child poverty in America absolutely exploding? If we are experiencing “economic growth”, then why are more than half of all children in major U.S. cities like Cleveland and Detroit living in poverty? If we are the “greatest economy on earth”, then why are one out of every four American children on food stamps? The shocking statistics that you are about to read below should absolutely break your heart. Tonight, millions of precious American children will go to bed without any dinner. Tonight, millions of American children will shiver as they try to go to sleep because their families cannot afford any heat. How bad does child poverty have to get before we all finally admit that our economic system is completely failing many of the most vulnerable members of our society? If you want someone to blame, you can blame Congress, the Obama administration, the Bush administration and the corrupt Wall Street bankers. But most of all, blame the Federal Reserve and the debt-based monetary system that the Fed administers. Our economy is in the midst of a long-term decline and is slowly but surely dying. Many of those that are suffering the most from this decline are children. (Read More...)
Mega Fail: 17 Signs That The European Financial System Is Heading For An Implosion Of Historic Proportions
What happens when you attempt a cold shutdown of one of the biggest debt spirals that the world has ever seen? Well, we are about to find out. The politicians in Europe have decided that they are going to “take their medicine” and put strict limits on budget deficits. They have also decided that the European Central Bank is not going to engage in reckless money printing to “paper over” the debts of troubled nations. This may all sound wonderful to many of you, but the reality is that there is always a tremendous amount of pain whenever a massive debt spiral is interrupted. Just look at what happened to Greece. Greece was forced to raise taxes and implement brutal austerity measures. That caused the economy to slow down and tax revenues to decline and so government debt figures did not improve as much as anticipated. So Greece was forced to implement even more brutal austerity measures. Well, that caused the economy to slow down even more and tax revenues declined again. In Greece this cycle has been repeated several times and now Greece is experiencing a full-blown economic depression. 100,000 businesses have closed and a third of the population is living in poverty. But now Germany and France intend to impose the “Greek solution” on the rest of Europe. This is going to create the conditions needed for a “perfect storm” to develop and it means that the European financial system is heading for an implosion of historic proportions. (Read More...)