The truth is that when the rest of the world completely loses faith in the U.S. dollar and in U.S. Treasuries the dominoes are going to start to fall. Eventually we are going to see a financial panic that is going to make 2008 look like a picnic...
The data is now so unbelievably ridiculous that the Employment Index came at 64.5, the highest since 1973! And this as the country sees roughly 17% in U-6 underemployment, and the number of Americans on food stamps, over 43.6 million...
NEW YORK (TheStreet) -- JPMorgan Chase (JPM_) is a defendant in more than 10,000 legal proceedings and may be $4.5 billion short of reserves needed to cover those costs in a worst-case scenario, the firm said in a regulatory filing on Monday. The
The recent surge in oil prices is unlikely to have a big impact on the U.S. economy, but could lead to weaker growth and higher inflation if sustained, Federal Reserve Chairman Ben Bernanke said Tuesday.
This Pentagon-sponsored report claims financial terrorists have completed two of three steps to destroy the US economy.
Long time readers of DRScoundrels will remember some posts by our very good friend Kayte of sECULAR sTUPIDEST. sECULARsTUPIDEST.com is an extremely creative group that started out with terrific conservative bumper stickers and has expanded now int
It's Official: Personal Income Is At A Record, And Americans Are Returning To Work
“We’re here for the people.” That’s a refrain we keep hearing. In the march of the Dozens on the weekend of the 26th of February, 2011 – we saw an enlightening gathering of, well… some people who were concerned about a “right” that wasn’t even passe
Some of you may have heard about these, or rumors – maybe you haven’t heard much. If anything. If you’re a wonk and had heard of this, or you’re someone who hadn’t heard of this – there are some interesting pieces of legislation that we can all get b
American workers now must directly compete for jobs with millions upon millions of workers on the other side of the world that toil away for 15 hours a day at slave labor wages. This is causing jobs to leave the United States at an almost...
For the first 13 weeks heading into April 15 (the point by which most refunds have been issued), and find that both average weekly remittance and 2011 cumulative refund issuance is running at a nearly 20% lower run rate than 2010.
Eventually the economy will deteriorate, that there will be more money-printing, and then you have inflation, and a poor economy, an extreme form of stagflation, and, eventually, in that situation, countries go to war, and, as a whole...
The global banking cartel, centered at the IMF, World Bank and Federal Reserve, have paid off politicians and dictators the world over — from Washington to Greece to Egypt. In country after country, they have looted national economies...
Not wanting to be upstaged by the AWOL Wisconsin Flee-bagging senators, a group of Arizona “I’m-unhappy-with-the-way-the-elections-turned-out” types have banded together and now want to take our little broke Pima County and secede from the state. Aw
Booms, Busts, and Food Prices - People Are Getting Broker and Hungrier, Gerald Celente spread of revolutionary fever - The Intensive Preparations for Martial Law - You Must Report Offshore Insurance, Annuity, and Gold Accounts
Dr. Steve Keen's model demonstrates how speculative financial investment in a pure credit economy will inevitably lead to a severe recession/depression once the speculative debt levels overwhelm the productive capacity of the economy.
A man on his feet can usually take a sucker punch, or at least recover from it. But if he’s already on the ground and you kick him in the head, he’s done-for.
It is clear that there has been a sustained move in the direction of martial law preparations, a trend that has been as continuous as it has been unheralded.
Unfortunately FASB has folded like a cheap suit in the rain. There will be no better disclosure in the future than in the past. Therefore the past will be repeated in the future. The scary thing is that FASB is a financial slave to those who benefit.
Nevada went to bust from boom in a decade as population growth, once the fastest in the U.S., slowed to almost zero while homeowners struggled with plunging values and the nation's highest unemployment rate.
Republicans in the Wisconsin Assembly took the first significant action on their plan to strip collective bargaining rights from most public workers, abruptly passing the measure early Friday morning before sleep-deprived Democrats realized what was
Are you ready for an economy that has high inflation and high unemployment at the same time? Well, welcome to "Stagflation 2011".
The biggest two-month drop in the jobless rate since 1958 may be helping lift households’ spirits, boosting the odds that spending, which accounts for about 70 percent of the economy, will keep growing.
Noticed Higher Grocery and Gas Prices? Find Out What Happens Next! Wage and price controls are the first refuge of the governing classes in inflationary times.
The American economy just can’t catch a break. Last year, as things started looking up, the European debt crisis flustered the fragile recovery. Now, under similar economic circumstances, comes the turmoil in the Middle East.
Germany will make a fuss and then go along.
Naturally, people pay. Cut off from their financial lifeblood, they’ll do whatever they have to do to be able to put food on the table for their families again.
Are you ready for an economy that has high inflation and high unemployment at the same time? Well, welcome to "Stagflation 2011". Stagflation exists when inflation and unemployment are both at high levels at the same time.
Want an Offshore Account? - Who's Behind the World's Current Revolutions? - Much Higher Inflation Is Coming - Understanding the Power Players -
In what could be construed as triumph of corporate interest over national interest, the iconic Harley-Davidson bike will now not just be merely assembled, but fully built in India — lock, stock and barrel.