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...)
****Today we have a guest post by Barbara Fix. She is an outstanding writer and I think that you are really going to enjoy what she has to share with us below. We encourage everyone to visit Barbara at the Survival Diva Blog (Read More...)
by Barnabe Geisweiller
During a period of the Dutch Golden Age prices of tulip bulbs reached extraordinary levels. Single tulip bulbs were bought and sold for small fortunes, making some very wealthy. It is widely considered the world’s first (Read More...)
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...)
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 (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...)
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...)
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 (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 (Read More...)