Since December of 2007, the government and mainstream media have pointed to runaway spending and predatory lending practices as the cause of the economic meltdown. The fairytale we’ve been spoon-fed is that borrowing, lending and the derivatives debacle was brought on with the fiscal abandon of a frat boy with a free brewery pass at spring break. There is no doubt that all three lead to foreclosures and financial ruin for far too (Read More...)Read more
by Barnabe Geisweiller
The U.S. economy is dead on its feet and the majority of the American people don’t even know it. Sure, most Americans understand that things are not going well right now, but the vast majority are still convinced that we will “fully recover” at some point. After all, we have always fully recovered and gone on to bigger and better things in the past, haven’t we? Well, unfortunately this time it is different. (Read More...)Read more
Many of the things that Americans have been able to take for granted for decades are rapidly coming to an end. The truth is that a growing economy that produces an ever-increasing amount of good jobs for a thriving middle class is not guaranteed to last forever. In fact, there are lots of signs that the middle class in America is already being ripped to shreds. The number of Americans on long-term unemployment (Read More...)Read more
Most Americans still appear to be operating under the delusion that the “recession” will soon pass and that things will get back to “normal” very soon. Unfortunately, that is not anywhere close to the truth. What we are now witnessing are the early stages of the complete and total breakdown of the U.S. economic system. The U.S. government, state governments, local governments, (Read More...)Read more
America’s national debt is exploding out of control, and still most politicians in Washington D.C. don’t really seem that interested in doing anything about it. Why? Well, the truth is that if the U.S. government reduces government spending that will slow down the economy, and if the economy slows down then Americans will blame the politicians, and if Americans are angry at the (Read More...)Read more
The following is a piece entitled “I’m 63 and I’m Tired” by Robert A. Hall that has been floating around the Internet. It was recently forwarded to us in an email, and we thought that it expressed the emotions that so many Americans are feeling right now that we should post it here.
If you are touched by Mr. Hall’s letter, please send it out to as many of your friends and family as you can….
I’m 63. Except for one (Read More...)Read more
Most Americans believe that the U.S. economy will fully recover from this recent recession and will soon become stronger than ever. But that is definitely not what is happening. The truth is that the very foundations of the U.S. economy are coming apart and we are headed for a massive amount of financial trouble as a nation. Collectively, the U.S. government, U.S. businesses and U.S. consumers have piled up the biggest mountain of debt in the history of the world. This mountain of debt has (Read More...)Read more
The majority of Republicans now believe that Barack Obama is a socialist. According to a new survey conducted for Daily Kos by polling firm Research 2000, 63 percent of those who identify themselves as Republicans say that they believe that Barack Obama is a socialist. Of course the liberal blogs are having a field day with this one. After all, it is ludicrous to think that any major U.S. politician is actually a socialist, (Read More...)Read more