It’s time to admit that we live in a false economy. Smoke and mirrors are used to make us believe the economy is real, but it’s all an elaborate illusion. Out of one side of the establishment’s mouth we hear excitement about “green shoots”, and out of the other side comes breathless warnings of fiscal […]
Stocks tumbled across the board Wednesday in the wake of President Barack Obama’s re-election, triggered by worries over the looming “fiscal cliff” and as fears over Europe’s economy reemerged. “I don’t think there’s a long-term market reaction to the presidential election itself—it’s now how quickly we can focus on the ‘fiscal cliff’ and coming up […]
Appears tonight the United States has lost, as the country steams toward socialism, massive taxation and further debt. If you did not vote, don’t complain. In Florida Obama was ahead by about the same amount of votes Gary Johnson the libertarian pulled in, 40,000. Johnson could very well be the Nader of the Republican party […]
A Census report signals that for much of America, the economic downturn has produced not one lost decade but two. But the data also show that federal safety-net programs helped keep people out of poverty. The typical US household saw its income fall last year to 1989 levels. That news, contained in a US Census […]
Recent trends in poverty rates should have the country furious at its leaders. When we get the data for 2011 next month, we are likely to see yet another uptick in poverty rates, reversing almost 50 years of economic progress. The percentage of people in extreme poverty, with incomes less than half of the poverty […]
The odds the United States will slip back into recession next year have risen, ratings agency Standard & Poor’s said, citing risks from the European debt crisis and budget tightening at year-end. The US ratings firm raised the chance of the US falling into recession to 25 percent, up from a 20 percent chance estimated […]
Why are Greece, Spain, Italy, Portugal and so many other countries experiencing depression-like conditions right now? It is because they have too much debt. Why do they have too much debt? It is because they allowed themselves to become enslaved to the bankers. Borrowing money from the bankers can allow a nation to have a […]
While three cities in California have filed for bankruptcy in the past few weeks, more filings are expected, according to CNNMoney. San Bernadino became the latest city in the state to file for bankruptcy protection, following Stockton and Mammoth Lakes. Many cities around the country, not just in the State of California, are struggling to […]
Be prepared for the worst, Europe and China are both in free fall. This is getting very ugly real quick. Then comes the Greek elections and the bad begins. QE3 won’t do anything just like operation twist and QE2. The economy is on the brink of global depression, we never did get out of the […]
U.S. unemployment rates may officially be hovering around 9 percent but in reality, they’re up near the 20 percent levels around the time of the Great Depression, maybe even higher, economist and author Mark Skousen told Newsmax in an exclusive interview. Unemployment rates measure the number of people in the workforce looking for jobs. But […]
