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Kenneth Schortgen Jr.

Former Presidential candidate Mitt Romney flips and now wants amnesty for illegals

Besides being seen as an elitist who could not relate to the common man, one of the biggest faults the American people found in former Presidential candidate Mitt Romney is that he was a flip-flopper of opinion, and was willing to say anything to anyone just to win a vote. However, now that the 2012 election loser is no longer running for any office, Romney is still backsliding on his word and now believes ...

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Bitcoin continues steady climb upward as it crosses $500 USD

This past week saw some extraordinary divergences in the Bitcoin saga.  First, a Supervisor for the state of New York declared his intent to seek massive regulation over the currency, and is looking to introduce licences to retailers who decide to one day transact purchases using the digital money.  Secondly, Economist and financial analyst Peter Schiff went public in declaring Bitcoin to be little more tha ...

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It’s official: Quantitative Easing is a failure

In late 2008, and a little ways past the start of the Great Recession, the Federal Reserve decided to introduce a new form of money printing known as Quantitative Easing.  In this new scheme to increase liquidity and attempt to stimulate the economy, the Fed began buying toxic assets from banks , while at the same time, allowing financial institutions to borrow money at near zero interest.  This combination ...

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Guilty until proven guilty: UK lawmakers to pass law making PERCEIVED behavior a criminal offense

Futurist authors have provided bleak pictures of what society may one day look like under complete domination by powerful, elitist governments.  From George Orwell's 1984, to Philip K Dick's Minority Report, what is foreseen by writers years in advance often becomes reality in the hands of those who seek control and domination. Sadly, much of that reality is coming to pass today in the United Kingdom where ...

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Official in Massachusetts calls for home invasions by police on gun owners

Lawmakers in the state of Massachusetts have been leading the way in legislating 'justifiable' usurpations of the Constitution for many decades, and their attacks on the Bill of Rights have only increased since 9/11.  However, with the current wave of gun control programs sweeping Democratically controlled states along the East and West coast, one legislator is doubling down by calling for legalized home in ...

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Home ownership quickly becoming unaffordable as mortgages rise to 40% of household spending

The bursting of the 2007 housing bubble occurred because of many factors, but a primary reason for the collapse was due to the inability of Americans to afford the cost of rising mortgage payments.  When the crash occurred, the average amount of household income being spent on mortgages and rents was at or above 40%, and it led to a wave of foreclosures that are still haunting the market to this day. Yet th ...

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Criminal complaint filed against President Obama for crimes against humanity

On Nov. 8, lawyers representing the Egyptian people filed a criminal complaint against President Barack Obama, along with members of the Muslim Brotherhood, for crimes against humanity in an international court.  This criminal complaint stems from Obama's financial and military support of rebel forces before and after the Arab Spring revolution, that saw the ouster of then President Hosni Mubarak, and the d ...

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Bitcoin $400: U.S. government pulling out all stops to protect dying dollar

Unlike fiat currencies, digital currencies like Bitcoin do not conform to 'market hours' in determining their price and value.  Thus the ever growing virtual currency trades 24 hours per day, 7 days a week, and is not limited to central bank authority.  However, due to the increased exposure that Bitcoin is experiencing both in the U.S., and now in Asia, government agencies like DHS and even Congress are de ...

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Online black market website Silk Road rises from the ashes of FBI takeover

With a nickname like the Dread Pirate, it is only natural that a web portal that solicited in illegal wares would not stay down long even after the FBI seized and shut down the site a short time ago.  Thus on Nov. 7, the black market site known as the Silk Road rose from the ashes and in doing so, threw a proverbial middle finger at the establishment's watchdog who represents today's version of the British ...

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America faced with ogre’s choice of escalate Syrian conflict or lose Saudi Arabian alliance

Since the beginning of October when President Obama backed down from confrontation over the alleged gas attacks that killed dozens of people in Syria, tensions between the United States and their necessary ally Saudi Arabia have grown strained as the religious battle between Sunni and Shiite nations force the U.S to have to pick a side.  And with the current Saudi ruler being closeted from public view due t ...

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NSA Blowback: Nations spied upon pursue plans to balkanize the internet

There is no getting around the fact that the U.S. has replaced the old Soviet Union as the Evil Empire in the eyes of many world leaders.  But unlike the events of 1989, when the Soviets allowed the wall separating East and West Berlin to be torn down, the end of America's iron grip over the world will not come voluntarily.  And due to the growing blowback by world leaders in the wake of the NSA's spying on ...

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JP Morgan: Economic growth is bad for the stock market

Most investors know that the Federal Reserve has taken complete control over the economy and monetary policy, but few realize that their policies have resulted in a complete turn-around of how economic success is determined since 2008, and the now famous credit crisis.  Yet, in an unusual revelation announced by none other than J.P. Morgan on Nov. 4, a blinding truth came to light as Wall Street finally adm ...

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