Please watch the above clip regarding the United States Government budget.  Our elected politicians do not seem to worry about balancing our budget, or decrease our spending. 

The debt and deficits have completely spiraled out of control, with no signs of slowing in the future.  We need to get our debt under control ASAP, and elect officials that will make tough decisions for our nation.  The USA debt & spending will be more than our annual GDP in a short time, if nothing is addressed & changed. 

The citizens of the United States can no longer turn a blind eye to this problem.  Call your representative today to discuss the concerns, and see what he/ she is doing to correct the problem.

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In the attached clip, Peter Schiff discusses the real issues that need to be addressed in the USA.  We can be in for a "rocky" road in the coming months, if the majority of what is discussed comes to fruition. 

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Does the presidential elections influence the stock market?

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How strong is the U.S. economy?

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Insider trading - does not apply to Politicians

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Occupy Wall Street

I do believe the "Occupy Wall Street" movement has authenticity.  However, as you can see from this lively clip, the participants simply have no idea "what" to protest or "who" to protest against.

Here, Peter Schiff, representing the wealthy1%, trys to communicate with the participants who seem to think that paying more taxes will solve our unemployment, unequality and other economic issues.

As Peter Schiff tells them, why would he work hard every day just to keep 30% of his income, while 70% goes to taxes. Moreover, he also presses them on how many people they have personally hired and created jobs for.

While they protest that taxes should be higher, they should protest high "government spending." While they protest at Wall Street, they should be protesting in "Washington, D.C."

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USA vs. China

Jim Rogers has an interesting insight as to what a trade war may look like with China.  The bill that was recently passed by the senate, regarding the Chinese manipulation of their currency, gives the Department of the Treasury the authority to impose sanctions on China.

He also discusses several courses of action the Chinese Government can take if the USA decides to impose sanctions.  The Chinese Government could:

1. Stop purchasing US Government Bonds
2. Sell US Government Bonds

These options above could send interest rates through the roof and/ or devalue the US dollar.   

The United States Government should be working on ways to make it easier for domestic companies to compete internationally, instead of passing legislation that may possibly invoke an international trade war.

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