Many Americans today are understandably concerned about the state of the economy. The current recession is likely to be one of the worst in recent memory, and comes at a particularly difficult time for many Americans, just as many of the Baby Boom generation are planning to retire. American workers have come to expect stocks, mutual funds, bonds, and other investment opportunities to increase year after year, yet the stock market’s marginal performance over the past few years and the recent instability in the banking sector have made many wonder whether their retirement and savings accounts are safe.
Americans can’t be warned too often that the path toward cancellation of sovereignty for Europe’s 27 nations is the same route being carved out here. Europeans are discovering that they have been duped into accepting what they thought was only a trade pact. But, in reality, the European Union is a super government built to dominate the continent.
Former Federal Reserve Chairman Alan Greenspan (pictured) lives a charmed life. Besides pulling down an $8.5 million advance on his memoir, The Age of Turbulence: Adventures in a New World (topped only by Bill Clinton’s $10 million advance), he recently was treated to an orgy of media hype and hoopla usually reserved for screen idols and rock stars.
NAFTA and the Asia-Pacific Economic Cooperation (APEC) summit are not designed to improve the economic outlook of the United States or create jobs; they are simply about transferring power to a central government, regardless of jobs, as their proponents admit.