America

It turns out there is a downside to spending 120% of your annual income every year from the time you graduate college until that day you turn 40 and finally realize that you're getting old and have absolutely no liquid assets and no hopes of ever retiring.  While the above strategy seemingly makes sense to our elitist, Ivy League-educated central planners at the Fed who have waged a nearly decade-long war on saving (because how can we have economic growth if people aren't willing to lever their income 5x and spend every dollar they make?), the roughly 19% of Americans who are over the age o

Submitted by Michael Snyder via The Economic Collapse blog,

Following today's surprising decision by the US' Samantha Power to abstain in a UN vote over Israel settlements, one which provoked Israel to lash out at the Obama administration  "friends don't act that way", but more importantly defied Trump who in a previous tweet urged Obama to veto the resolution, it was only a question of how long before Trump tweets his response. The time was less than an hour, because just minutes after the vote, the president-elect slammed the current administration's decision, while ominously warning the UN that it would be "different" under his presidency.

Submitted by Patrick Buchanan via Buchanan.org,

The terrorist who hijacked a truck in Berlin and ran over and killed 12 people, maiming and wounding 48 more, in that massacre in the Christmas market, has done more damage than he could imagine.

If the perpetrator is the jihadist from Tunisia who had no right to be in Germany, and had been under surveillance, the bell could begin to toll not only for Angela Merkel but for the European Union.

Just over six years ago, in December of 2010, we wrote "Charting America's Transformation To A Part-Time Worker Society", in which we predicted - and showed - that in light of the underlying changes resulting from the second great depression, whose full impacts remain masked by trillions in monetary stimulus and soon, perhaps fiscal, America is shifting from a traditional work force, one where the majority of new employment is retained on a full-time basis, to a "gig" economy, where workers are severely disenfranchised, and enjoy far less employment leverage, job stability and perks than th