The Bizarre Explanation For Why The U.S. Has Avoided Bombing ISIS Oil Wells

Why hasn’t the U.S. bombed the oil wells that ISIS controls into oblivion by now?  Would you believe that it is because the Obama administration “didn’t want to do environmental damage”?  Former Deputy Director of the CIA Michael Morell has publicly admitted that we have purposely avoided damaging the main source of income for ISIS, and his explanation for why we were doing this is utterly bizarre.  But at this point what could the Obama administration say that would actually make sense?  Everyone now knows that ISIS has been making hundreds of millions of dollars selling oil in Turkey, and that this has been done with the full knowledge and complicity of the Obama White House.  This is potentially the biggest scandal of the entire Obama presidency, and yet so far the Republicans have not jumped on it. (Read More....)

World War III Draws Closer As Russia Accuses Turkey Of Being ‘Secret Allies’ With ISIS

Are Russia and Turkey on the verge of going to war?  In remarks that were almost entirely ignored by the western media, Russian Foreign Minister Sergey Lavrov accused the Turkish government of being “secret allies” with ISIS on Friday.  And on Monday, the Russians announced that they would be attempting to seal the border between Syria and Turkey, and we also learned that the Russians have been rushing heavy artillery units into Syria.  As tensions between Russia and Turkey continue to escalate, could we be in danger of seeing World War III erupt in the Middle East? (Read More....)

Do You Remember When Black Friday Actually Still Mattered In America?

Once upon a time, “Black Friday” was a major event in the United States.  Yes, the mainstream media is still endlessly hyping it up, and major retailers are still rolling out their “incredible deals”, but it appears that most Americans are tiring of this particular gimmick.  Or perhaps it is just that U.S. consumers don’t have as much discretionary income as they once did.  As you will see below, retail traffic this Black Friday was “much, much slower” than anticipated.  And expectations were not great anyway – the number of shoppers was down last year, and it was being projected that there would be another decline in 2015.  Yes, there were still a few fights on Black Friday, but mostly the “holiday” was marked by giant piles of unsold merchandise sitting around collecting dust.  The inventory to sales ratio in the U.S. has surged to levels not seen since the last recession, and so the truth is that most retailers were hoping for much more contrived chaos on Black Friday than we actually witnessed. (Read More....)

The Triumph Of Materialism: The Average American Will Spend 830 Dollars On Christmas In 2015

Has there ever been a major holiday more focused on materialism than the modern American Christmas?  This year, Americans are planning to spend an average of 830 dollars on Christmas gifts, which represents a jump of 110 dollars over the average of 720 dollars last year.  But have our incomes gone up accordingly?  Of course not.  In fact, real median household income in the United States has been experiencing a steady long-term decline.  So in order to fund all of our Christmas spending, we have got to go into even more debt.  We love to pull out our credit cards and spend money that we do not have on lots of cheap, useless stuff made on the other side of the world by workers making slave labor wages.  We do the same thing year after year, and most of us have grown accustomed to the endless cycle of growing debt.  In fact, one Pew survey found that approximately 70 percent of all Americans believe that “debt is a necessity in their lives”.  But then we have to work our fingers to the bone to try to make the payments on all of that debt, not realizing that debt systematically impoverishes us.  It may be hard to believe, but if you have a single dollar in your pocket and no debt, you have a greater net worth than 25 percent of all Americans.  I know that sounds crazy, but it is true. (Read More....)

The U.S. Dollar Has Already Caused A Global Recession And Now The Fed Is Going To Make It Worse

The 7th largest economy on the entire planet, Brazil, has been gripped by a horrifying recession, as has much of the rest of South America.  But it isn’t just South America that is experiencing a very serious economic downturn.  We have just learned that Japan (the third largest economy in the world) has lapsed into recession.  So has Canada.  So has Russia.  The dominoes are starting to fall, and it looks like the global economic crisis that has already started is going to accelerate as we head into the end of the year.  At this point, global trade is already down about 8.4 percent for the year, and last week the Baltic Dry Shipping Index plummeted to a brand new all-time record low.  Unfortunately for all of us, the Federal Reserve is about to do something that will make this global economic slowdown even worse. (Read More....)

The Baltic Dry Shipping Index Just Collapsed To An All-Time Record Low

I was absolutely stunned to learn that the Baltic Dry Shipping Index had plummeted to a new all-time record low of 504 at one point on Thursday.  I have written a number of articles lately about the dramatic slowdown in global trade, but I didn’t realize that things had gotten quite this bad already.  Not even during the darkest moments of the last financial crisis did the Baltic Dry Shipping Index drop this low.  Something doesn’t seem to be adding up, because the mainstream media keeps telling us that the global economy is doing just fine.  In fact, the Federal Reserve is so confident in our “economic recovery” that they are getting ready to raise interest rates.  Of course the truth is that there is no “economic recovery” on the horizon.  In fact, as I wrote about yesterday, there are signs all around us that are indicating that we are heading directly into another major economic crisis.  This staggering decline of the Baltic Dry Shipping Index is just another confirmation of what is directly ahead of us. (Read More....)

If The Economy Is Fine, Why Are So Many Hedge Funds, Energy Companies And Large Retailers Imploding?

If the U.S. economy really is in “great shape”, then why do all of the numbers keep telling us that we are in a recession?  The manufacturing numbers say that we are in a recession, the trade numbers say that we are in a recession, and as you will see below the retail numbers say that we are in a recession.  But just like in 2008, the Federal Reserve and our top politicians will continue to deny that a major economic downturn is happening for as long as they possibly can.  In this article, I want to look at more signs that a dramatic shift is happening in our economy right now. (Read More....)

America Is Charlie Sheen: The CDC Says There Are 20,000,000 New STD Cases In America Each Year

Charlie Sheen’s announcement that he is HIV positive has created a huge uproar as critics attack him from every direction, but the truth is that Charlie Sheen is simply a reflection of our society as a whole.  You see, the truth is that it isn’t just big Hollywood stars that are engaged in insanely risky sexual behavior.  According to the CDC, there are 110 million cases of sexually-transmitted disease in America today, and another 20 million STD cases are added to that total every year.  The United States has the highest STD infection rate in the entire industrialized world, and more than half of all Americans will have a sexually-transmitted disease at some point during their lives.  Approximately one out of every four teen girls in the U.S. has at least one sexually transmitted disease, and our nation spends $16,000,000,000 a year treating STDs.  So go ahead and point a finger at Charlie Sheen if you want, but just remember that he is only a very small part of a raging national epidemic. (Read More....)

21 Signs That Americans Are The Unhappiest People In The Entire World

How can we possibly be so miserably unhappy?  For a nation that supposedly “has it all”, we sure are depressed.  In America today, suicide rates are soaring, antidepressant use is skyrocketing and virtually every new survey that comes out shows that we are deeply dissatisfied about something.  But we live at a time when there are more things to enjoy than ever before.  When I was growing up there was only a handful of television channels to choose from, but now there are hundreds.  We have more movies than we could ever possibly watch, more books than we could ever possibly read, and the greatest video games ever made are at our fingertips.  With all of the entertainment that surrounds us, you would think that Americans would be happier than ever before, and yet we continue to become even more depressed.  Everywhere I go, I see people that look like they have had the life completely sucked out of them.  So why is this happening?  The following are 21 signs that Americans are the unhappiest people in the entire world… (Read More...)

Pocketbook Pain: The Rapidly Rising Cost Of Living Is Absolutely Killing The Middle Class In America

All over America, the middle class is dying and poverty is on the rise.  One of the primary reasons for this is the rapidly rising cost of living in the United States.  The cost of just about everything that average families shell out money for on a regular basis – food, rent, health insurance, etc. – is rising much faster than wages are.  In a previous article I noted that the federal poverty level for a family of five is $28,410, but 51 percent of all American workers are making less than $30,000 a year at this point.  We have seen an explosion in the number of people in this country that are considered to be “the working poor” and it gets worse with each passing year. (Read More...)

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