Actual Unemployment Rate Is at ‘Great Depression Levels’

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 […]

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Eurocrats are Terrified of Democracy

Greece’s prime minister George Papandreou is in the doghouse only because he dared to offer voters a choice. Shall I tell you the truly terrifying thing about the EU? It’s not the absence of democracy in Brussels, or the ease with which Eurocrats swat aside referendum results. It’s the way in which the internal democracy […]

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Greece Government Nears Total Collapse

ATHENS — The Greek government was plunged into chaos on Tuesday and faced an imminent collapse, as lawmakers rebelled against Prime Minister George Papandreou’s surprise call for a popular referendum on a new debt deal with Greece’s foreign lenders. Such a collapse would not only render the referendum plan moot, it would likely scuttle — […]

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What Happens When Greece Defaults

(By Andrew Lilico) It is when, not if. Financial markets merely aren’t sure whether it’ll be tomorrow, a month’s time, a year’s time, or two years’ time (it won’t be longer than that). Given that the ECB has played the “final card” it employed to force a bailout upon the Irish – threatening to bankrupt […]

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