What in the world are they thinking over at the Federal Reserve? The privately-owned central bank that runs the U.S. economy is now forcing local banks to remove every shred of Christian faith from their establishments. When Federal Reserve examiners recently visited a local bank in Perkins, Oklahoma they demanded that the bank take down a “Bible verse of the day” and crosses that were displayed on the teller’s counter. In addition, the agents from the Federal Reserve forced all bank personnel to remove buttons that said “Merry Christmas, God With Us”. The bank was also ordered to remove a “Bible verse of the day” from the bank’s website. According to Federal Reserve officials, all visible expressions of Christian faith by bank officials are now banned in all banks across the United States. (Read More...)
Did The Price Of Oil Help Cause The Financial Crisis Of 2008? Will Surging Oil Prices Soon Spark Another Financial Crisis?
Oil prices are starting to spin out of control once again. In London, Brent North Sea crude for delivery in February hit 91.89 dollars a barrel on Friday. New York crude moved above 88 dollars a barrel on Friday. Many analysts believe that 100 dollar oil is a virtual certainty now. In fact, many economists are convinced that oil is going to start moving well beyond the 100 dollar mark. So what happened the last time oil went well above 100 dollars a barrel? Oh, that’s right, we had a major financial crisis. Not that subprime mortgages, rampant corruption on Wall Street and out of control debt didn’t play major roles in precipitating the financial crisis as well, but the truth is that most economists have not given the price of oil the proper credit for the role that it played in almost crashing the world economy. In July 2008, the price of oil hit a record high of over $147 a barrel. A couple months later all hell broke loose on world financial markets. The truth is that having the price of oil that high created horrific imbalances in the global economy. Fortunately the price of oil took a huge nosedive after hitting that record high, and it can be argued that lower oil prices helped stabilize the world economy. So now that oil prices are on a relentless march upward again, what can we expect this time? (Read More...)
Tipping Point: 25 Signs That The Coming Financial Collapse Is Now Closer Than Ever
The financial collapse that so many of us have been anticipating is seemingly closer then ever. Over the past several weeks, there have been a host of ominous signs for the U.S. economy. Yields on U.S. Treasuries have moved up rapidly and Moody’s is publicly warning that it may have to cut the rating on U.S. government debt soon. Mortgage rates are also moving up aggressively. The euro and the U.S. dollar both look incredibly shaky. Jobs continue to be shipped out of the United States at a blistering pace as our politicians stand by and do nothing. Confidence in U.S. government debt around the globe continues to decline. State and local governments that are drowning in debt across the United States are savagely cutting back on even essential social services and are coming up with increasingly “creative” ways of getting more money out of all of us. Meanwhile, tremor after tremor continues to strike the world financial system. So does this mean that we have almost reached a tipping point? Is the world on the verge of a major financial collapse? (Read More...)
Need A Job? Too Bad! The Good Jobs Are Being Shipped Out Of America As Part Of The New One World Economy
I hope that you enjoy the cheap foreign-made plastic trinkets that you will be exchanging with your family and friends this holiday season, because they are literally destroying the U.S. economy. As part of the new “one world economy” that both Democrats and Republicans insist is so good for us, millions of good paying middle class jobs have been shipped out of America. Do you need a job? Are you wondering where all the good jobs went? Well, the next time you are out just walk into a store and start looking at the product labels. Most of the things that are sold in our stores are now made out of the country. So if you need a good paying job to support your family that is just too bad – you have been merged into a global labor pool where you must compete for jobs with people on the other side of the globe willing to work for less than a tenth of what you usually make. Welcome to the “one world economy” where big global corporations make a fortune exploiting slave labor on the other side of the world while “overly expensive American workers” get dumped out on the street. (Read More...)
How Can We Have A Healthy Economy If Virtually Everything We Eat And Drink Is Constantly Making Us All Sick?
In the United States today, we are all being constantly bombarded by chemicals, poisons and toxins. Virtually everything that we eat or drink makes us less healthy. The vast majority of Americans gladly consume aspartame, fluoride, BPA, genetically-modified food, pesticides, high fructose corn syrup, pharmaceutical drugs and toxic vaccines without any concern that those substances may ruin their health. But the truth is that we are getting sicker and sicker and sicker as a nation. According to one recent report, the United States has dropped to 49th place in the world in overall life expectancy. Diseases such as cancer, heart disease and diabetes are absolutely exploding. So how in the world are we supposed to have a healthy and vibrant economy when virtually everything that we eat and drink is constantly making us sick? (Read More...)
10 Signs That Confidence In U.S. Treasuries Is Dying And That Financial Armageddon May Be Approaching
Selling government debt is a gigantic confidence game. For decades, investors all over the globe have gobbled up massive amounts of U.S. debt at incredibly low interest rates because they believed that it was a certainly that they would be paid back and be able to make a little bit of profit on top of it. Unfortunately, things have changed. Confidence is U.S. Treasuries is dying, and if confidence in U.S. government debt completely collapses at some point we could literally be looking at financial Armageddon. Why is that so? Well, when the world totally loses faith in U.S. Treasuries, interest rates on U.S. Treasuries will have to keep going up until enough investors are found to buy them. But much higher interest rates will mean much higher interest on the national debt and thus much higher federal budget deficits. That will erode confidence in U.S. Treasuries even further. In the end, a vicious cycle of eroding confidence and higher interest rates could ultimately lead to hyperinflation as the U.S. government and the Federal Reserve flood the system with endless amounts of paper money to try to keep the system solvent. (Read More...)
Derivatives: The Quadrillion Dollar Financial Casino Completely Dominated By The Big International Banks
If you took an opinion poll and asked Americans what they considered the biggest threat to the world economy to be, how many of them do you think would give “derivatives” as an answer? But the truth is that derivatives were at the heart of the financial crisis of 2007 and 2008, and whenever the next financial crisis happens derivatives will undoubtedly play a huge role once again. So exactly what are “derivatives”? Well, derivatives are basically financial instruments whose value depends upon or is derived from the price of something else. A derivative has no underlying value of its own. It is essentially a side bet. Today, the world financial system has been turned into a giant casino where bets are made on just about anything you can possibly imagine, and the major Wall Street banks make a ton of money from it. The system is largely unregulated (the new “Wall Street reform” law will only change this slightly) and it is totally dominated by the big international banks. (Read More...)
Start A Business? In The United States? Are You Kidding Me?
Many of you have decided that you are going to attempt to start a business in the United States today. Many of you are still convinced that this is “the land of opportunity” and that starting a business is fairly easy. Are you sure about that? Are you certain that you have considered all of the headaches involved? Are you sure that you are ready to handle the thousands of regulations that apply to your business and the mountains of paperwork mandated by various levels of government? Are you prepared to deal with entrenched unions, predatory lawyers and rabid environmentalists? The truth is that the business environment has never been this toxic in all of U.S. history. So even if you are able to start a viable business that can compete with the monolithic global corporations that dominate our economy, you still might not be able to make it. In the end, thousands upon thousands of businesses across America have been doomed to failure by ridiculous regulations, mountains of paperwork, health insurance costs, predatory lawsuits or corrupt government officials. So do you really think that you can beat the odds? (Read More...)