Obama’s defense budget is virtually identical to that of the Bush administration’s, around half a trillion dollars. However, with a nearly $2 trillion budget deficit and over $11 trillion of national debt, can we afford to be in over 90 countries around the world? Or is it possible, as some have suggested, to reign in the global empire, cut spending, and defend America with a more focused, cost effective strategy?

This topic is debated in the following CNBC video.

Congresswoman Michele Bachmann is introducing legislation to prevent the US Dollar from being replaced by any global currency.

This is the first, big step toward protecting America’s monetary sovereignty. Next, Congress should stop agreeing to nearly $2 trillion budget deficits, and the Federal Reserve should quit printing trillions of dollars out of thin air. Then, we might actually restore strength to our Dollar.

Read the article here.

The Fed’s preferred gauge of prices, which excludes food and fuel prices, rose 1.8% in February. This coincides with two, consecutive increases in the Consumer Price Index (CPI). In addition, AAA announced that gasoline prices have risen 10 cents in the last month. Is this the beginning of a major, inflationary event?

Top financialy analysts, such as Peter Schiff, Marc Faber, Jim Rogers, Warren Buffett, and a few others have warned that the Fed’s printing spree may initiate a significant bout of inflation commencing as early as next year. The latest price hikes and last week’s 4% drop in the Dollar may have hastened the onset of their prediction.

Read the article here.