Guess who is going to need a bailout right after Spain? The Italian economy is the 8th largest economy on the entire planet and right now it is being absolutely overwhelmed by a (Read More...)
One economic theory states that we can never have deflation in a long term economy. For prices to deflate would be contrary to the built-in safeguards put forth by the government agencies. The main cause of a deflation would have to be a massive withdrawal of money from the banking system. As long as the money is insured, that is unlikely to happen. I tend to agree with that theory. It is unlikely that prices will go down long term as long as people (Read More...)
The following list was compiled by “Major Carpenter”, a great friend of the site. I think that you will really enjoy what he has put together. The truth is that the United States is in a serious state of decline, and in a desperate attempt to keep things together, the United States is rapidly being transformed into a totalitarian Big Brother police state. I don’t want to make this introduction too long, so without any further yapping by me, here is the article that Major Carpenter sent over to us the (Read More...)
If you want to get on an airplane in America today, you either have to allow TSA security officials to gawk at your exposed body using the new full body scanners that literally show “everything”, or you must submit to the new “enhanced pat-downs”. These pat-downs are so intrusive that many of those who have experienced them are using the term “sexual assault”. The truth is that TSA officials have been instructed to start using the fronts of their hands to feel the outlines of male and female genitalia during (Read More...)
It turns out that a lot of pro-Obama organizations ended up receiving a lot of “economic stimulus” money. For example, it is being reported that the Obama administration gave General Electric $24.9 million in grants under the stimulus law. Keep in mind that General Electric was the corporate owner of (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...)
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 one semester in college when jobs (Read More...)
On July 30th, the U.S. House of Representatives passed H.R. 2749 – The Food Safety Enhancement Act of 2009. This bill, the centerpiece of big agriculture’s war on organic farming in the United States, gives the U.S. government such unprecedented control over independent and organic farmers that some are calling this proposed law “fascism on the farm”.
H.R. 2749 has been given this very deceptive name: “The Food Safety Enhancement Act of 2009″, but the reality is that it has very little to do with food safety. Instead, concerns about food safety are being (Read More...)
Is the United States facing a total financial collapse in this generation? Is the mighty American dollar about to be crushed by cold economic reality?
The truth may just be a lot more frightening than you ever imagined.
The reality is that any major currency not backed by gold in the history of the world has eventually failed, and the actions currently being taken by the U.S government and the Federal Reserve are speeding up the day when the dollar will totally collapse as well.
Sometimes words are not enough to describe a really bad situation. Hopefully the chart at the top (Read More...)