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Economy - Economics USA

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dailybell.ch

Recent economic data show that U.S. job growth in May was negligible, while the official unemployment figure – at least the figure the Labor Department admits to – rose to 9.1%.

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http://lewrockwell.com/

Dr. Vieira and I covered a lot of ground in our lengthy conversation, most of it related to the U.S. monetary system – its history, nature, and likely fate.

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lewrockwell.com

As the U.S. economy collapses, the thin veneer of civilization that we all take for granted is going to begin to disappear. In fact, there are already an increasing number of signs that the collapse of society is accelerating.

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Recent economic data show that U.S. job growth in May was negligible. Private capital is the key to economic growth and new jobs. We cannot create jobs if we demonize profits, punish risk-taking capitalists, and stay hostile to foreign investment.

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Kunstler.com

Our own money management team here in the USA is in a box even worse than Europe's. It's not even a hall of mirrors. It's a broke-down Winnebago with moldy upholstery and the propane line is leaking inside. Everybody's wondering if Ben Bernanke...

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Reuters

Talk about getting it from all sides. Economists want Americans to cut down on debt and boost spending all at once, even as home values tumble and gasoline prices soar. It may all be a bit too much for the average U.S. household, particularly with

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NakedCapitalism.com/

Neoclassical economists ignore the level of private debt, on the basis of the a priori argument that “one man’s liability is another man’s asset”, so that the aggregate level of debt has no macroeconomic impact.

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AZcentral.com

The study involved young adults. The more debt incurred by those in the 18-27 age group, the higher their self-esteem and the more in control they felt, according to researchers. But older respondents, in the 28-34 age group, voiced more stress...

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ZeroHedge.com

It was the early 1980′s and the Boomers were between 23 years old and 40 years old. Seventy six million Boomers were in the work force. Was it the chicken or the egg? The financial industry peddled debt as the solution to all problems.

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CalculatedRiskBlog.com

With no closing or action terminations, the five additions this week finally push the Unofficial Problem Bank List over the 1,000 threshold. The list includes 1,002 institutions with assets of $417.4 billion, up from 997 and assets of $416.7 billion.

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Market-ticker.org

Be prepared to "shelter in place" or "bug out" as appropriate. "Wilding" events have already happened in some major cities. This is likely to spread if there is a "fiscal" or "monetary" accident and the "FSA" (free **** army) funds get cut off.

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RT.com via YouTube

Whats behind the souring of U.S. and China relations? When Barack Obama became U.S. President, the conventional wisdom was that relations would improve. The high point came when Obama made his first visit to China in November of 2009 when both sides

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online.wsj.com

Another dose of anguish about the global economic recovery sent the Dow Jones Industrial Average below 12000, pointing to a sixth straight weekly decline that would be blue chips' longest slump since 2002.

thelibertyadvisor.com/declare