This is the time of the year when Americans run out to their favorite retail stores and fill up their shopping carts with lots of cheap plastic crap made by workers in foreign countries where it is legal to pay slave labor wages. By doing this, the American people are actively participating in the destruction […]
There is even a name for this generation of young men that does not want to grow up. It is called the “Peter Pan generation”. They want to enjoy the benefits of being grown up without ever taking on the responsibilities. A member of this “Peter Pan generation” recent wrote an article for the Daily Mail in […]
Michael SnyderEconomic CollapseDecember 21, 2012
What a year 2012 has been! The mainstream media continues to tell us what a “great job” the Obama administration and the Federal Reserve are doing of managing the economy, but meanwhile things just continue to get even worse for the poor and the middle class. It is imperative that we […]
HELENE COOPER, NEW YORK TIMES: “I really do think at the end of the day, Larry, what you describe sounds like sort of the White House negotiating right now — easily saying, ‘Yeah, we can go over the fiscal cliff.’ But at the end of the day, this is a president, he would have to […]
“After putting $803,436 in Obama’s re-election campaign, a media giant attempted to keep Americans from seeing the video by banning it from their sites,” stated Aaron DeHoog, the financial publisher who is unapologetic for the release of controversial footage that has gained international attention.
The video DeHoog is referring to is a stunning interview with famed […]
The idea that poor and middle-class Americans are suffering is nothing new: Anyone with access to the news (or, for that matter, to an ordinary suburban neighborhood) is likely to notice that it has gotten harder for average families to make ends meet.
Beyond that, a veritable army of economists, politicians and pundits has spent the […]
I have a slightly different perception of the recent election than many of my friends on the political right.
I believe the Republican leadership must now be in some form of catatonic fixation about the results, seeming to believe anything but the obvious and clear: Americans reject the Republican philosophy.
In reviewing the election cycle, some things […]
A number of economists privately told Obama that his recovery policies were weak in one key area: They didn’t do enough to address the mountain of homeowner debt.
The Washington Post’s Zachary Goldfarb reveals this in a great new story:
One year and one month before President Obama won reelection, he invited seven of the world’s top economists […]
That Greek suicide rates have exploded over the past two years is very much expected: after all, in order to preserve the sanctity of the failed monetary status quo, the Greek economy and its less than prosperous population have been sacrificed by the legacy elite and the wealthy. The socio-economic collapse has resulted in a […]
Despite the 6.5% stock market rally over the last three months, a handful of billionaires are quietly dumping their American stocks.
Warren Buffett is dumping shares at an alarming rate. He recently complained of “disappointing performance” in dyed-in-the-wool American companies like Johnson & Johnson, Procter & Gamble, and Kraft Foods.
In the latest filing for Buffett’s holding […]
President Obama’s election victory ensured his Affordable Care Act would remain the centerpiece of his first term in power - but that has left some business owners baulking at the extra cost Obamcare will bring.
Florida based restaurant boss John Metz, who runs approximately 40 Denny’s and owns the Hurricane Grill & Wings franchise has decided […]
The budget deficit rose in October, the first month of fiscal year 2013, as looming negotiations over expiring tax cuts and imminent spending reductions dominated the post-election political landscape.
The Treasury said on Tuesday the October deficit was $120 billion, larger than economist forecasts for a $114 billion gap and up from $98 billion in October […]
Moments ago the MTS [Monthly Treasury Statement] released the final October budget report. It was not pretty, although those who read our report on how much debt was added - $195 billion to be precise - in the first month of the 2013 Fiscal Year will know where this is going. The US budget deficit […]
ALPHARETTA, Ga. (CBS Atlanta) – If you’re one of many who are currently unemployed, you may be in luck.
According to the Atlanta Business Chronicle, one area real estate company is willing to invest thousands to create new job opportunities.
However, there is a catch.
Frank Duffy of Duffy Realty says he will only create the jobs if Republican […]
The federal government spent enough money on federal means-tested welfare programs to have sent each impoverished household a check for nearly $60,000, according to figures from the Census Bureau and the Congressional Research Service (CRS).
According to a report from the CRS produced for Sen. Jeff Sessions (R-Ala.), $1 trillion was spent on federal welfare programs […]
Commodities / Gold and Silver 2012
Oct 30, 2012 - 07:05 AM
By: Ben Traynor
THE SPOT MARKET gold price traded just below $1715 an ounce during Tuesday morning’s London session, little changed from last week’s close, while European stock markets recovered their losses from a day earlier and UK and German government bond prices fell.
“Downside targets will […]
This coming presidential election will determine whether the U.S. ends up in another Great Depression or pulls out of the economic slump. There are numerous signs indicating that the country is headed for economic Armageddon under Obama. Some analysts are predicting the crash could come as soon as next year. Obama is following the failed […]
President Obama, back in 2009:
Even as we clear away the wreckage of this recession, I have also said that we cannot go back to an economy that is built on a pile of sand — on inflated home prices and maxed-out credit cards, on overleveraged banks and outdated regulations that allowed the recklessness of a few […]
White House economist Alan Krueger on the third-quarter GDP report:
Today’s report shows that the economy posted its thirteenth straight quarter of positive growth, as real GDP (the total amount of goods and services produced in the country) grew at a 2.0 percent annual rate in the third quarter of this year, according to the “advance” estimate released by […]
The average GDP growth for the first three quarters of this year is 1.77 percent, according to data released by the the Bureau of Economic Analysis this morning. That is less than half of what the White House predicted GDP growth would be this year, and less than a third of what the Obama administration […]