Tag Archives: economy
10 Scenes From The Economic Collapse That Is Sweeping Across The Planet
When is the economic collapse going to happen? Just open up your eyes and take a look around the globe. The next wave of the economic collapse may not have reached Wall Street yet, but it is already deeply affecting billions of lives all over the planet. Much of Europe has already descended into a ...
Shut Them Down! – Payday Loan Companies Are Making Billions Preying On The Misery Of The Poor
Would you take out a loan that has an annual percentage rate of 391 percent? Yes, I know that sounds absolutely crazy, but millions of Americans do it every single year. The typical payday loan requires borrowers to pay about 15 dollars for every $100 that they borrow for two weeks. That comes out to ...
Thirdworldizing America
Center for Economic and Policy Research co-director Dean Baker calls poverty America's "new growth industry." The state of today's America is deplorable. In his latest May 3 analysis, economist John Williams said "April "employment and unemployment data were nonsense: the economy remains in serious trouble." About 23% of Americans wanting work can't find it. Most jobs are temp or ...
Are We On The Verge Of Witnessing The Death Of The Paper Gold Scam?
The legal claims on physical gold far exceed the amount of physical gold that the banks actually have by a very, very wide margin. And right now the bankers are scared out of their wits because their warehouses are being drained of physical gold at a frightening rate. So what happens when their physical gold ...
The Warren Buffett House of Cards
Now that the financial hype is celebrating a new all time high in the stocks, the time to exit the market may well be at hand. So what will that Oracle of Omaha do with all the insider information available from his compadre network? The business press swoons all over Warren Buffett with every report, ...
Where Is The Recovery? A Higher Percentage Of Americans Had Jobs Three Years Ago
If you think that the latest employment numbers are good news, you might want to look again. In April 2013, 58.6 percent of all working age Americans had a job. But three years ago, in April 2010, 58.7 percent of all working age Americans had a job. Well, you may argue, that is not much ...
The Price Of Copper And 11 Other Recession Indicators That Are Flashing Red
There are a dozen significant economic indicators that are warning that the U.S. economy is heading into a recession. The Dow may have soared past the 15,000 mark, but the economic fundamentals are telling an entirely different story. If historical patterns hold up, the economy is heading for a very rocky stretch. For example, the ...
11 Reasons Why The Federal Reserve Should Be Abolished
If the American people truly understood how the Federal Reserve system works and what it has done to us, they would be screaming for it to be abolished immediately. It is a system that was designed by international bankers for the benefit of international bankers, and it is systematically impoverishing the American people. The Federal ...
Will The New Housing Bubble That Bernanke Is Creating End As Badly As The Last One Did?
Federal Reserve Chairman Ben Bernanke has done it. He has succeeded in creating a new housing bubble. By driving mortgage rates down to the lowest level in 100 years and recklessly printing money with wild abandon, Bernanke has been able to get housing prices to rebound a bit. In fact, in some of the more ...
22 Facts That Prove That The Bottom 90 Percent Of America Is Systematically Getting Poorer
The mainstream media is not telling you this, but the truth is that most Americans are steadily getting poorer. The middle class is being absolutely eviscerated, and poverty is soaring to unprecedented heights. The fact that 90 percent of the population is constantly sliding downhill is not good for our society. The United States is ...
20 Signs That The Next Great Economic Depression Has Already Started In Europe
The next Great Depression is already happening - it just hasn't reached the United States yet. Things in Europe just continue to get worse and worse, and yet most people in the United States still don't get it. All the time I have people ask me when the "economic collapse" is going to happen. Well, ...
The More Illegal Immigrants That Go On Food Stamps The More Money JP Morgan Makes
Recently uncovered documents prove that the Obama administration has been working with the Mexican government to increase the number of illegal immigrants on food stamps, and when more illegal immigrants go on food stamps, JP Morgan makes more money. As you will read about below, JP Morgan has made at least 560 million dollars processing ...
UNPRECEDENTED Shortages Of Ammo, Physical Gold And Physical Silver
All over the United States we are witnessing unprecedented shortages of ammunition, physical gold and physical silver. Recent events have helped fuel a "buying frenzy" that threatens to spiral out of control. Gun shops all over the nation are reporting that they have never seen it this bad, and in many cases any ammo that ...
The Bloom Is Off Gold
It is for now. Don't bet against it longer term. Value eventually wins out. Gold's secular bull market continues. Experts believe it has a long way to go. Market manipulation bears full responsibility for recent market action. A previous article explained. It called gold a global thermometer. It reflects monetary, geopolitical and economic conditions. It's driven ...
The Bankers Are The Saviors, Says IMF Director
The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, said today that the real heroes of the economic crisis that erupted in 2008 are not heads of state and finance ministers but central bankers. “Who have been heroes since the crisis began,” said Lagarde to start a two-day seminar on macroeconomic policies at the ...
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