For years, people have been laughing at the horrific economic decline of Detroit. Well, guess what? The same thing that happened to Detroit is now happening to dozens of other communities across the United States. From coast to coast there are formerly great manufacturing cities that have turned into rotting, post-industrial war zones. In particular, […]
Almost two weeks ago an unidentified missile was launched from somewhere off the coast of Los Angeles, and wide speculation as to what the hell it was has followed. A leading theory is that a Chinese missile launched from a submarine. The Chinese have spent the last 30 years building their army and economy and […]
During the 1950s and 1960s, the United States was the richest and most envied country in the world. It was also unrivaled as the world’s manufacturing powerhouse. Americans proudly regarded their country is a model, and many people around the world agreed. Today, the US is still the world’s largest economy and pre-eminent military power, […]
Bucking the Federal Reserve’s efforts to push interest rates lower, investors are selling off U.S. government debt, driving rates in many cases to their highest levels in more than three months. The Fed’s $600 billion program to buy Treasury bonds began late last week and is kicking into high gear this week, with the central […]
The latest move by Ben Bernanke and his Federal Reserve is rubbing a lot of people the wrong way. Bernanke plans to inject more liquidity into US markets in the latest round of quantitative easing, which is being dubbed QE2 (we’ll get to what it actually means in a minute). While there has been a […]
A strong sense of pessimism shrouded the start of an economic summit of rich and emerging economies Thursday, with President Barack Obama and fellow world leaders arriving in Seoul sharply divided over currency and trade policies. The Group of 20 summit, held for the first time in Asia, has become the centerpiece of international efforts […]
Los Angeles- Trump: “China Will ‘Destroy’ Our Country”, Billionaire Donald Trump react to President Obama saying U.S shouldn’t contain China. [youtube TbUDfIzqpwU nolink]
The dollar’s slump could get far worse if the dollar index takes out last year’s low, Robin Griffiths, technical strategist at Cazenove Capital, told CNBC Monday. “If the (dollar index) takes out the low that was made roughly a year ago I really think that will not only encourage more sales, it will cause a […]
By: Forrest Jones The United States has piled on so much debt that world is going to abandon the dollar, says Jim Grant, founder and editor of “Grant’s Interest Rate Observer.” “By the numbers, we are more encumbered now than we have ever collectively been,” Grant tells the Business Insider. The United States debt has […]
AFP’s “Common Sense”: Around the World on $69 Million in Welfare Funds By David Spady This video depicts the abuse of welfare funds from the state of California. Vacations are being purchased with this money instead of helping the needy. [youtube _wElqMl5TJM nolink]
