-By Alan Caruba
As the citizens of the United States and the seventeen member-nations of the European Union look on, a great drama regarding the future of the EU and its currency, the Euro, is occurring.
The essential problem is that both the U.S. dollar and the Euro are just so much paper, despite the promises and guarantees that they will be honored as real money. The trick has been to keep everyone believing there are sufficient real assets to back up those promises.
Since the U.S. dollar is a kind of universal currency to which other nations peg the value of their currencies the problem for everyone is that the U.S. is broke. Its debt exceeds its annual capacity to generate income, otherwise known as its Gross Domestic Product. Every hour of every day it must borrow billions to meet its obligations. Forty cents of every dollar the U.S. spends is borrowed.
There is a reason why television these days if filled with commercials offering to sell gold. Gold has always retained its value though it does fluctuate. The U.S. Treasury’s gold hoard has a value of more than $400 billion these days, but that value is the flip side of the Federal Reserve’s demolition of the dollar which has lost 95% of its value since1913, the same year the Fed was created.
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Paper Money, Real Debt, and Spendthrift Nations”
There was once a famous liberal congressman from New York who reminded his opponents that they could have their own opinions but not their own facts. This, of course, was 
On November 30, CNN’s T. J. Holmes gave us a great example of how the Old Media is soft peddling the law breaking going on at the Occupy events in order to make these events seem far less dangerous and illicit than they are. Like many in the Old Media, Holmes seems desperate to give lawbreaking Occupiers as much cover as possible — a benefit they never offered the Tea Partiers.
With this week’s Chapter 11 bankruptcy filing of American Airlines, we again see the results of unions having a hand in destroying American businesses. We also saw GM laid low by union demands costing Americans billions in bailouts. But despite these lessons of the recalcitrance of Big Labor forcing even worse calamities on our jobs climate in this dismal economy, Obama is about to make matters worse by using his powers to regulate to further harm both our business sector and our economy.
Government Motors has finally found its hottest car and the Chevy Volt is it. Unfortunately for Chevy, it isn’t because it is popular. It’s because the car seems to catch on fire a lot. Industry watchers are preparing for the Volt to undergo a recall to fix whatever problem the car’s lithium-ion battery pack has that seems to be causing the vehicles to spontaneously burst into flames.
Barack Obama is very successful at one thing: the bait and switch. He stands before America presenting a picture of a hard-working moderate and claims that he wants to work with the Republicans to get things done. In reality he won’t even meet with them. He talks about compromise, but never offers any. He mouths kind words abut the business sector but uses his powers to make new regulations to destroy its profitability. In short, he’s a radical even though he doesn’t play one on TV. His modus operandi is to assume most voters are too stupid, lazy, or disinterested to compare his hope-n-change rhetoric with his actions. 
The anti-western, anti-capitalist group whose advertisement started the Occupy Wall Street movement has 
Last week the House killed a new Senate approved, bureaucratic boondoggle that according to the House Appropriations Committee would have cost taxpayers a minimum of $322 million buckaroos, and good on them for it. 
Shafer claims that he was “just joking” and that he was only exercising his right to “free speech.” I guess threatening to kill people is just a joke to Occupy-Whatevers.
You know, it is unfortunate that the Democrat Party’s name has the word “democracy” as it root because the modern Democrat Party is 100% opposed to both democracy and our system of government. Senator Chuck “Hitman” Schumer just proved this to be true once again.
With the U.S. debt now officially over $15 trillion, to pay it off each working American would now owe more to the federal debt than they make in a year according to a new report by the U.S. Treasury Department.
General Motors was too big to fail. This is why President Obama had to ride in on his white steed with billions of taxpayers dollars in hand to bailout GM rechristening it Government Motors. Besides, we were told it would be a great deal, a money maker, right? Well, not so much. The Administration has reported a dramatic increase in the money We The People have lost on the GM bailout.