Goldman Sachs, AIG, and other large Wall Street firms have been contributing massive amounts of money to the Democratic Party, including President Obama and most of the senior leaders in the Senate and the House. Until recently, it was believed that the purpose of these contributions was to prevent the government from passing regulations which [...]
The EU (European Union) and the IMF (International Monetary Fund) are bailing Greece out of the problem it got into as a result of socialist policies and unchecked government growth. Greece has been living far beyond it’s means for many years and now it’s time to pay the piper — except it’s not the Greeks [...]
Bangladesh has blocked it’s subjects from accessing the popular social networking site Facebook because the Bangladeshi regime finds certain pages on the site offensive to their Islamic religion. Bangladesh is home to approximately 158,065,841 people, who each earn about $1,600 a year (adjusted for purchasing power parity). This ranks Bangladesh #193 out of 227 nations [...]
The U.S. government has been quietly increasing the money supply to historically unheard of levels. Here’s a chart from the St. Louis Fed showing the growth of the monetary base, also known as M0: Eventually this must lead to runaway inflation. That eventuality is being delayed because the Federal Reserve is paying banks to deposit [...]
According to a report released by CoreLogic this week, 24% of all U.S. single-family residential properties are under water — meaning that the home is worth less than the homeowner owes on the home. This condition affects 11.2 million American homeowners. Negative equity is one of the two main triggers of default on real-estate loans. [...]
One of the best things about living in the United States is the high degree of mobility Americans have in moving from one state to another. You move, stand in line for half a day to get a new drivers license, lose another half a day updating your vehicle registration, update your auto insurance, stop [...]
