Wednesday, May 9, 2012

Global Oil Price Drop Creates American Opportunity

After watching France elect their first “Socialist” leader in 17 years, global oil markets are falling. It’s no big surprise; Capitalism doesn’t think too fondly of its socialist counterpart. That’s why oil prices fell as much as 3.2 percent after France elected Francois Hollande as its new president. As the European debt crisis escalates, more countries are starting to reject necessary austerity programs geared toward reducing spending and running a fiscally sound operation. The masses are actually calling for more government spending and more money printing. What the masses do not understand is that falling oil prices, and for that matter falling commodity prices, present a major opportunity for the United States. [more...]

Thursday, May 3, 2012

America, We Have a Problem

The high priests of the Social Security and Medicare "trust funds" (whatever happened to the lockbox?) issued new warnings about the solvency of the "trust funds" they oversee. The Social Security Disability Insurance trust fund will be gone, depleted, kaput in 2016, which is two years earlier than expected. Thank you, masters of the obvious! Matt Rutledge, a research economist at Boston College's Center for Retirement Research, stated in Investor's Business Daily: "We see a lot of people applying for disability once their unemployment insurance expires." Next shoe to drop: The Social Security trust fund, which goes to retirees, will be exhausted in 2036, two years earlier than projected last year. This, once again, should not be a surprise to anyone who pays any sort of attention to our fiscal situation, because like clockwork, every year, the death date for the lockbox gets moved closer. [more...]