The International Monetary Fund cut its forecast for U.S. economic growth on Friday and warned Washington and debt-ridden European countries that they are "playing with fire" unless they take immediate steps to reduce their budget deficits.
deepening global depression
The US economy is literally on the ledge of a cliff.
Well-known Austrian economist Friedrich von Hayek wrote: "Emergencies” have always been the pretext on which the safeguards of individual liberty have eroded.
What we are now witnessing is the slow motion unraveling of America. Our economy is dying, the American people have lost faith in the government and in almost all of our other major institutions, and our society is collapsing.
Who is left to buy? Anyone who owns Treasury bonds has to ask themselves that question. Or maybe a better question is, "Who's stupid enough to buy?"
The global elite realize they must muzzle the alternative media and force the American people back into the corporate media propaganda circuit if they are going to dampen resistance to their plan to gain order of chaos through war...
Washington policymakers are doing everything they can to forestall rational economic adjustments. The Federal Reserve has conducted two rounds of quantitative easing in an effort to get consumers to start spending the wealth effects of...
CNBC reported that hedge fund manager Mark Spitznagel -- who runs a "black swan" fund called Universa -- told clients that the odds of a market crash were increasing.
Sadly, America’s zombie consumers could be more problematic for the US than the zombie corporates were for the Japanese economy. At 70 per cent of GDP, US personal consumption is 3.5 times the peak share of Japan’s bubble-distorted...
Our Armored, Militarized Occupiers - They're taught to reject the name of "peace officer." Article by Will Grigg. / The Paranoia of the US Government - I'm glad I voted with my feet and expatriated, says P. T. Freeman. / End the War on Milk - Real mi
As we predicted following yesterday's disastrous New York Fed, we get the second confirmation that the economy is now contracting, courtesy of the Philly Fed, which just printed at negative 7.7 on expectations of 7.0%.
Among the members of the class of 2010, just 56 percent had held at least one job by this spring, when the survey was conducted. That compares with 90 percent of graduates from the classes of 2006 and 2007.
Short of the Fed simply buying trillions of dollars in stocks outright, then it looks like this "recovery" rally is about to have a Wiley E. Coyote moment, as it has raced off the solid ground provided by the Fed's QE2 injections and is now poised...
Twenty-eight months after Congress passed President Obama’s signature economic stimulus law, and nearly one year after he declared the summer of 2010 to be “Recovery Summer,” 1.9 million fewer people are employed.
Ernest Hancock: Today's News on FreedomsPhoenix.com
The Day of Reckoning for the West - When TBTF meets TBTK, says Gary North. Don't get caught between them. / Bank Runs, Price and Wage Controls, Social Unrest, Attacks on Business - Joe Salerno talks to Lew Rockwell about the monetary future.
Have the home builders finally reached a bottom? Or are things about to get worse, dragging down the industry's big names and ETFs with it?
Over the last decade, the share of U.S. national income taken home by workers has plummeted to a record low.
So if the government is going to be so brutal, what kind of message does that send to our young people?
The real action was in the Empire Manufacturing Index which plunged from 11.88, and forget about expectations of 12.00, printing at -7.79 in June. The contraction is now confirmed. This is the first contraction since November 2010 when QE2...
How many Senators does it take to dismantle a cryptographically secured, completely decentralized, Peer-to-Peer (P2P) network of voluntary, free market traders exchanging goods and services across six continents....
The headline number of 90.9 is an 8-month low.
I’ve been scouring the internet for the last year and a half looking for a truly free banking system without any success.
For those of you who are unfamiliar with how international bond markets work, let me quickly explain why the following comments by foreign banks should have you extremely worried.
It is a simple statistic that continues to warn of huge economic problems ahead for the US. Some economists call it the ‘marginal productivity of debt (MPD).
The Giant Banks Are ALREADY State-Sponsored ... So Why Not Create Public Banks to at Least Share the Gains, Help Out Main Street, and Grow Our Local Economies?
Wal-Mart Stores Inc has lost its appeal of most of a $187.6 million verdict for Pennsylvania hourly workers who accused the world's largest retailer of denying them meal and rest breaks.
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%.
U.S. retail sales fell in May for the first time in 11 months, dragged down by a sharp drop in receipts from auto dealerships, according to a government report that could raise fears of a prolonged economic slowdown.