“Most Americans know that the U.S. economy is in bad shape, but what most Americans don’t know is how truly desperate the financial situation of the United States really is. … Sometimes it takes cold, hard numbers for many of us to fully realize the situation that we are facing.” (more…)

“The bankruptcy of Fannie Mae and Freddie Mac caught the government by surprise. That is because the government — meaning the experts at Treasury — do not understand Austrian School economic theory. Ron Paul does. … If the government had passed Paul’s bill, it would not be in a crisis today.” (more…)

Interesting book: Starve the Monkeys Who Eat Away At Your Life: An Individualist’s Guide to Fighting Modern Progressives, by Tom Baugh. (more…)

This simple, short video (one and a half minutes) shows the true scale of Obama’s planned budget cuts. (more…)

Is Singapore the next Dubai? In this 6-minute video, Mike Maloney (of Gold and Silver Inc.) talks about the real estate and property bubble in Singapore and elsewhere, as well as what’s in store worldwide for the next decade. (more…)

“Washington is out of control. It does as it likes, without restraint. … We have no influence over them, no way of resisting. Except, perhaps, to ignore them. …

“The feds do not have the manpower to enforce federal laws within California without the help of the police of California. What happens if a state passes a law saying that its citizens cannot be forced to buy health insurance? What can Washington do? It can persecute individuals, but a state, or thirty states, are another thing. The FBI can arrest any one person, but it cannot arrest Wyoming. …

“At bottom, Washington’s power is economic.” (more…)

“Perhaps most damaging to the government’s plans is if the bill leads some to ask the Ayn Rand/Atlas Shrugged questions: What if I just stop being productive? What if I stop working once my income approaches the threshold? What if I invest less so that I stay under the limits?” (more…)

“What will you do with devalued money when there are no goods for sale? … The bottom line is that you can but count on the wine you drink today. Unless you turn your ‘excess’ into items of intrinsic value you will rue your decisions. … One Weimar Republic should have been enough for all of us to grasp that when fiat currency is involved we’re living on borrowed time. … The most starry-eyed Doom & Gloom seer I read concludes there will be a major melt down by 2015.” (more…)

In this video (less than 6 minutes long), “Ron Paul tells it like it is: There is no ‘right’ to health care. Obamacare will be repealed by a national bankruptcy. The IRS is hiring new agents to steal more money. Central economic planning has failed. A much bigger economic crisis is coming. And, every country in the world is technically bankrupt.” (more…)

“Most people have heard some of the bad news. They have not heard it without the sugar coating. The reality is grim. How grim? Watch the video.” Find out what you can do about your situation. (more…)