Trickle Down Economics versus Trickle Down Socialism Ronald Reagan’s economic plan saw GDP surge at a 3.5% clip – 4.9% after the recession. That’s a 32% bump. During the Obama years, thanks to his big government policies, the US economy has stalled. Today the quarterly GDP was announced. The GDP for the first quarter of […]
By Dan Calabrese If there’s been one consistent thing about the Obama economic record, it’s that it’s wildly inconsistent. There have been many quarters of tepid growth, but also plenty of combinations in which we’ll see a huge drop followed by a huge jump, or vice versa. And if expectations for tomorrow’s announcement of First […]
An increasing number of financial experts are saying the United States dollar is no longer a reliable and dependable currency – and that its downfall is inevitable. There are even some experts who think the dollar is so unstable that the Chinese Yuan will soon become the world’s reserve currency, or currency of choice. “Our […]
Dr. Paul warns about the imminent collapse of the dollar, the urgent need to eliminate, in his words, “a dangerous and corrupt Federal Reserve”, expected in the US and other social riots leading US economists predicted catastrophic scenarios, would not venture to even comment – for fear of being suspected of even more terrible sins. […]
Ever since its initial proposal by China as an alternative to the IMF and the World Bank, both of which are dominated by the United States, the proposed Asian Infrastructure Investment Bank (AIIB) has been a target of heavy lobbying by the US, which has been warning allies and client states it would be strongly […]
To people who still think Obama is the answer Suppose he never intended to bring about a jobs recovery? Suppose he’s been actively against it for at least six years? by Jon Rappoport Create new solid US jobs? End the unemployment crisis? That was never, ever Obama’s agenda. And people who think it is are […]
Does it get any funnier than this? Well, arguably, we’ve already seen an even funnier episode from these financial “Wile E. Coyotes”. But let’s begin with a look at the most recent “botched operation” by the psychopaths. The political/economic terrorism against Russia began with the coup in Ukraine, which was fully and completely orchestrated by […]
By Paul Craig Roberts The Economy Has Not Recovered And Is Again On Its Way Down The first quarter GDP will be negative unless the figure is again manipulated and faked. I am looking at two charts. One is the Federal Reserve Bank of Atlanta’s forecast. During the past 30 days, the Atlanta Fed’s forecast […]
Paul Craig Roberts According to the payroll jobs report today (March 6) the economy created 295,000 new jobs in February, dropping the rate of unemployment to 5.5%. However, the BLS also reported that the labor force participation rate fell and the number of people not in the labor force rose by 354,000. In other words, […]
By Judi McLeod The very first day after an activism coup d’etat captured America in what all thought was just another presidential election, the day-to-day life of its citizens began taking a nosedive downhill, never to return. It wasn’t another president who was elected on Nov. 4, 2008, it was the official election of Community […]
