Free Republic

In the lead up to the 2008 Presidential election college campuses fairly crackled with excitement and anticipation. The oh-so-much-more enlightened “Youth vote” was ready to explode and “show” the older generations who was the smartest most compassionate and most politically correct generation in American history. They intended to elect America’s first Black president, and they did. Now two years later those 18 to 24 year olds look like the dumbest group of people ever to walk into a polling place. The most recent USA TODAY analysis of the employment picture reveals the startling fact that, as a group, those aged...

Unlike Zimbabwe, the U.S. can easily get the currency it needs without being beholden to anyone. But wouldn't that dilute the value of the currency? No... ...If the Fed were to follow the lead of Japan and hold federal debt equal to the country’s gross domestic product, the Fed would be holding $14.75 trillion in federal securities, enough to refinance the ENTIRE U.S. federal debt of $13.8 trillion virtually interest-free. The federal debt hasn’t been paid off since the 1830s under President Andrew Jackson. It is just rolled over from year to year. An interest-free debt rolled over indefinitely is...

Is the beast of deflation crouching outside our door? Could this be the real reason behind the Federal Reserve's recent injection of $600 billion into the economy? Despite the logic of much of the criticism being aimed at the Fed, it may be doing what it has to do to keep the country from spiraling down into a deeper recession. In the midst of what amounts to a virtual economic war with some of our trading partners, it's important for us to understand exactly what is at risk and what the Fed is up to. First, the risk: Deflation is...

Even if IÂ’m wrong, and my old rival Paul Krugman is rightÂ… and that is possible. I donÂ’t rule that out. Even if heÂ’s right and the interest rate is low, the bond market is in a coma, and the vigilante go off and take up some other activities. Recurrent deficits year after year, never much less than 5 percent of GDP even on the administrationÂ’s optimistic forecasts, plus debt accumulation as a result mean inevitably that interest payments will consume a rising proportion of tax revenue. The process I have described you is independent of any bond market panic....

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The rapper, who gave the world the hit single "Ice Ice Baby" in the early '90s, is showcasing his little-known talent for flipping homes in his new DIY Network show "The Vanilla Ice Project." Robert Van Winkle, a.k.a Vanilla Ice, chats about remodeling houses for 15 years and his new album. Video at site.

.... a must-see interview on Democracy Now where he says a second, more catastrophic crisis is unavoidable because our economic model is "dramatically poisonous." ..."Greed is the dominant value today in the world and as long as that persists, we're done!" But he doesn't just mean done economically, he means done as a species. Snip ... "next crisis is coming, and it will be twice as much as this one (referring to financial collapse of 2008)." Only for this one, "there will not be enough money anymore -- so that will be it!" Even more frightening are his views that...

Investing For Mexico’s Social And Economic Collapse Politics / Mexico Aug 13, 2010 - 08:05 AM By: Sean Brodrick There is a war next door, and our neighbor may be losing. I’m talking about Mexico’s ongoing battle with violent drug gangs. The northern parts of Mexico are becoming lawless, and the drug gangs are taking steps to set themselves up as de facto governments. This could have big implications for Mexico and for its oil production. And Mexico is our number 2 supplier of imported oil. Does the fallout from Mexico’s collapse extend beyond oil? Heck, yeah! The U.S. share...

Democracy could ‘collapse’ in Greece, Spain and Portugal unless urgent action is taken to tackle the debt crisis, the head of the European Commission has warned. In an extraordinary briefing to trade union chiefs last week, Commission President Jose Manuel Barroso set out an ‘apocalyptic’ vision in which crisis-hit countries in southern Europe could fall victim to military coups or popular uprisings as interest rates soar and public services collapse because their governments run out of money.

Is this finally the economic collapse? By Keith R. McCullough, contributorAugust 11, 2010: 2:07 PM ET FORTUNE -- The Great Depression. Wall Street in 1987. Japan in 1997. Points of economic collapse are generally crystal clear in the rear-view mirror. Professional politicians in Japan have been telling stories for 20 years as to why they can prevent economic stagnation. In the US, the storytelling started in 2007. All the while, stock market and real-estate prices have repeatedly rallied to lower-highs, then collapsed again, to lower-lows. Despite the many differences between Japan and the US, there is one similarity that continues...

This video provides shocking details about the future of America's economy. It's a MUST WATCH.

Dr. Ron Paul explains why income tax and the FED are contradictory to individualist freedom. Most freepers disagree w/ Dr. Paul on foreign policy and I do too but this video is worth listening to.

GLENDALE, Ariz. – Sen. John McCain hasn't always talked tough on immigration. That haunted his presidential ambitions, and now his political survival hinges on whether he can show that his conversion is genuine. It hasn't been easy. Boycotts, vigils and a legal fight over the state's attempted crackdown on illegal immigrants have kept voters attuned to each nuance in his run for re-election. "Since 2007, I've said we have to secure the border first. I said it in 2008 and 2009 and 2010," McCain told 120 people at a town hall meeting in suburban Phoenix. Leaning against the back wall...

Arthur Laffer explains how proposed January 2011 tax hikes could be creating terrible unintended consequences today, and are setting the stage for an epic collapse next year. People can change the volume, the location and the composition of their income, and they can do so in response to changes in government policies. It shouldn't surprise anyone that the nine states without an income tax are growing far faster and attracting more people than are the nine states with the highest income tax rates. People and businesses change the location of income based on incentives. Likewise, who is gobsmacked when they...

So just how bad is the U.S. economy? Well, the truth is that sometimes it is hard to put into words. We have squandered the great wealth left to us by our forefathers, we have almost totally dismantled the world's greatest manufacturing base, we have shipped millions of good jobs overseas and we have piled up the biggest mountain of debt in the history of mankind. We have taken the greatest free enterprise economy that was ever created and have turned it into a gigantic house of cards delicately balanced on a never-ending spiral of paper money and debt. For...

Wow...this is pretty sobering................ Predictions For The Rest Of 2010 Bob Chapman First 6 months of 2010, Americans will continue to live in the 'unreality'…the period between July and October is when the financial fireworks will begin. The Fed will act unilaterally for its own survival irrespective of any political implications …(source is from insider at FED meetings). In the last quarter of the year we could even see Martial law, which is more likely for the first 6 months of 2011. The FDIC will collapse in September 2010. Commercial real estate is set to implode in 2010. Wall Street...

Our debt will soon equal the GDP. How could we possibly pay it off without huge spending cuts? Increasing taxes significantly will not work, I think we all know the harm that will do. Something is going to have to give. This country is endangered by its very own lifestyle of pawning everything off to the future. Well, the future is arriving. I don't think it will hold off for a lot longer. China and other countries are already getting very nervous about buying our debt at the same time we are producing more debt than ever before. Has the...

Russia proposed to China that the two nations should sell Fannie Mae and Freddie Mac bonds in 2008 to force the US government to bail out the giant mortgage-finance companies, former US Treasury secretary Hank Paulson has claimed. The allegation is in his memoir On the Brink in which he also suggests that Alistair Darling, the UK chancellor, blocked a rescue takeover of Lehman Brothers by Barclays Bank when he refused to support special treatment by UK regulators. “Russian officials had made a top-level approach to the Chinese, suggesting that together they might sell big chunks of their GSE holdings...

Paulson: Crazy Putin Pushed China To Dump Fannie Bonds And Crush The U.S. Financial System Vincent Fernando | Jan. 29, 2010, 9:59 AM | 3,478 | comment 32 Tags: Economy, Markets, China, Credit Crisis, Politics Some scary details have emerged from Hank Paulson's memoirs. Allegedly, it appears Russia may have tried to conspire with China in a bid to collapse the U.S. financial system. They were hoping to sell Fannie and Freddie bonds during a time when the U.S. economy was on the ropes. This happened back around the Beijing Olympics, when the U.S. was supporting Georgia against Russia in...

The United States Economy has become like those sub-prime mortgages that almost brought down the banking system last year. We have borrowed more than we can afford but as long as interest rates stay low, we will be able to make payments. Once rates go up, the federal government will have to "default on its homes." Even the NY Times is predicting economic problems for America: ... With the national debt now topping $12 trillion, the White House estimates that the government’s tab for servicing the debt will exceed $700 billion a year in 2019, up from $202 billion this...