Wednesday, January 12, 2011
What are the chances this will happen?
Wouldn't you just love it if the big media companies would tackle some of the questions posted below with some real honesty?
#1 The U.S. dollar has lost well over 95 percent of its value since the Federal Reserve was created in 1913. The Fed has failed time and time again from preventing big financial bubbles from being created and then eventually bursting. About the only thing the Federal Reserve seems to be good at is creating more government debt that the rest of us have to pay for. So what possible justification is there for allowing the Federal Reserve to continue to issue our currency and run our economy?
#2 Ten years ago, the "employment rate" in the United States was about 64%. Since then it has been constantly declining and now the "employment rate" in the United States is only about 58%. So where did all of those jobs go? Is this what we can expect from "globalism"?
#3 Thousands of dead birds are falling out of the sky and millions of dead fish are washing ashore all over the globe. So does this mean that there is something seriously wrong with the planet?
#4 If the U.S. economy is getting better, then why did the number of Americans filing for bankruptcy rise another 9 percent in 2010? Why won't our government officials be straight with us and tell us the real truth about the economy?
#5 Would a failure to raise the debt ceiling really "have catastrophic economic consequences that would last for decades" or is U.S. Treasury Secretary Timothy Geithner just blowing off a lot of hot air again?
#6 If 71 percent of the American people are against it, and only 18 percent of them are for it, then why in the world are our representatives in Congress overwhelmingly in favor of raising the debt ceiling again?
#7 Will a combination of extreme weather, soaring agricultural commodity prices and rising oil prices lead to a devastating global food shortage at some point in the next few years?
#8 In Algeria, hordes of young people are throwing fire bombs and are shouting slogans such as "Bring us Sugar!" Are these the kinds of food riots that we should expect to see around the globe as food gets tight this year?
#9 Over the last couple of years, lawmakers in at least 10 U.S. states have introduced legislation that would allow state commerce to be conducted with gold and silver coins. Could this be the beginning of a new trend?
#10 When German Chancellor Angela Merkel says that Germany will do "whatever is needed to support the euro" is that supposed to make all of us feel better about the stability of the failing European currency? If the Euro does fail, won't that cause another financial meltdown like we saw back in 2008?
#11 Back in 1970, 25 percent of all jobs in the United States were manufacturing jobs. Today, only 9 percent of the jobs in the United States are manufacturing jobs. How in the world could we allow that to happen?
#12 According to a recent Gallup survey, 7 out of every 10 Americans believe that religion is losing influence in the United States. So exactly what does that say about our society?
#13 Now that the State of Illinois has passed a 66 percent increase in the state income tax, how long will it be before other states start passing draconian income tax hikes?
#14 Shouldn't we be at least a little bit concerned that China has developed a new ballistic missile that can completely destroy a U.S. aircraft carrier nearly 2,000 miles out to sea? Has China become a military threat that we need to start taking very, very seriously?
#15 In 2006, no U.S. banks failed. In 2009, 140 U.S. banks failed. So did things get better in 2010? No. In 2010, 157 U.S. banks failed. Do does that mean our financial system is getting healthier or does that mean our financial system is coming apart at the seams?
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