America

Social Security, like America's trillions of dollars of underfunded public and private pensions, is nothing more than a ponzi scheme that will eventually fail.  Any system that relies on capital drawdowns to fund benefit obligations while the number of beneficiaries continues to soar is, by definition, a rather obvious ponzi.  That said, it's always easier to 'kick the can down the road' and hope for the best than to preemptively address the real problems that face retirees...after all, old people love to vote and taking away their retirement money is not a good way to earn their support.

Authored by Mike Krieger via Liberty Blitzkrieg blog,

Last week, I wrote a post titled, What Can an Overhyped Silicon Valley Juice Company Tell Us About the U.S. Economy. Here’s how I ended the piece:

Authored by Simon Black via SovereignMan.com,

In a poll conducted a few days ago by NBC News / Wall Street Journal, a record 57% of Americans responded that they want MORE government in their lives, and that the government should be doing more to solve people’s problems.

That’s the highest percentage since they started asking this question in 1995.

In fact, 57% is nearly double what people responded in the mid-90s.

Authored by Michael Snyder via The Economic Collapse blog,

Last week, a request from the Uranium Producers of America (‘UPA’) grabbed the headlines, as the organization was asking the US Department of Energy (DOE) to suspend the sale of (physical) uranium on the spot market. The UPA correctly described the status of the US based Uranium producers as ‘fragile’, and it’s pretty clear the DOE has been a huge ‘help’ in destroying America’s domestic uranium market.