The following statement is written by Congressman Paul about the pending financial disaster. He will introduce this statement as a special order and insert it into the Congressional Record next week. Fortunately, we have the opportunity to debut it first on the Campaign for Liberty blog. It reads as follows: I have, for the past 35 years, expressed my grave concern for the future of America. The... 

THE service sector is at risk of losing more than one million jobs during the next two decades as a result of big business outsourcing work overseas, a union report predicts. One in 10 service jobs could be sent offshore, the report prepared for the Service Unions of Australia reveals today. The service sector accounts for four out of five jobs and 80 per cent of economic activity in Australia and... 

The U.S. Government Accountability Office (GAO) — the auditing arm of the U.S. Congress — warns that the nation’s deficits and debts are now so overwhelming, America may face fiscal Armageddon. Unfortunately, the warning has fallen on deaf ears — so much so that long-time GAO head David M. Walker has recently resigned, hoping he can get his message out more effectively on his own. His... 

Riots in Haiti over explosive rises in food costs have claimed the lives of six people. There have also been food riots world-wide in Burkina Faso, Cameroon, Cote d’Ivorie, Egypt, Guinea, Mauritania, Mexico, Morocco, Senegal, Uzbekistan and Yemen. The Economist, which calls the current crisis the silent tsunami, reports that last year wheat prices rose 77% and rice 16%, but since January rice prices... 

Comments by China that it intends to move away from its reliance on the dollar triggered a sharp drop in the Dow Jones Industrial Average and heightened worldwide fears about the U.S. currency’s stability. Chinese Central Bank Vice Director Xiu Jian said that his country is planning to shift much of its $1.4 trillion national currency reserve from dollars to more stable currencies, such as the... 

Stig-Björn Ljunggren, political scientist, thinks it’s reasonable to calculate how much immigration costs society. Immigration minister Tobias Billström thinks the debate should be more about immigration as a positive force. Ljunggren is a professor of national economy and works at the Center for Labor Market Policy Research at Växjö university. He speaks of Bromölla municipality, which... 

Percentage of foreign-owned (China and Japan) American industries: · Sound recording industries – 97% · Commodity contracts dealing and brokerage – 79% · Motion picture and sound recording industries – 75% · Metal ore mining – 65% · Motion picture and video industries – 64% · Wineries and distilleries – 64% · Database, directory, and other publishers –... 

Driven by a painful mix of layoffs and rising food and fuel prices, the number of Americans receiving food stamps is projected to reach 28 million in the coming year, the highest level since the aid program began in the 1960s.The number of recipients, who must have near-poverty incomes to qualify for benefits averaging $100 a month per family member, has fluctuated over the years with economic... 

We knew things were bad on Wall Street, but on Main Street it may be worse. Startling official statistics show that as a new economic recession stalks the United States, a record number of Americans will shortly be depending on food stamps just to feed themselves and their families. Dismal projections by the Congressional Budget Office in Washington suggest that in the fiscal year starting in... 

Let’s say a giant asteroid was headed toward Earth right now and experts say it has a good chance of ending civilization as we know it. Let’s also say that we’ve known about this asteroid for years but even as it gets closer and closer our leaders do nothing. “Don’t worry,” they tell us, “The next administration will figure something out.” With the future... 

For overseas students, a U.S. college education has suddenly gotten much cheaper and many more are applying to study here. University of Washington officials say the number of foreigners applying to be freshmen this fall is up a whopping 40 percent.And the UW is not alone: Foreign applications are up 32 percent at Washington State University. Across the 10-campus University of California system, foreign... 

Robert Mugabe turns the screw on Zimbabwe’s dwindling white farmers President Robert Mugabe’s regime is stepping up its intimidation of Zimbabwe’s white farmers as he seeks a sixth term in office.A few hundred landowners managed to stay put on small portions of their original properties despite Mr Mugabe’s land seizures, which began in 2000 and destroyed commercial agriculture,... 

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In September of 2007, the city of Windsor, which borders the United States, officially asked for financial assistance from Ottawa to deal with American refugees flooding into Canada. This is proving to be the tip of the iceberg, and only the first wave of economic refugees that have been created in the United States. There are now tent cities being built outside most large metropolitan areas, one... 

VIDEO REPORT LINK The U.S. dollar’s value is dropping so fast against the euro that small currency outlets in Amsterdam are turning away tourists seeking to sell their dollars for local money while on vacation in the Netherlands. “Our dollar is worth maybe zero over here,” said Mary Kelly, an American tourist from Indianapolis, Indiana, in front of the Anne Frank house. “It’s...