It’s clear to everyone by now that the government of the largest country in the world is careening towards default in just over 200 hours.
Treasury Needed to Pay Off Record $7.5T in Maturing Debt in FY 2013, Issued $8.3T New Debt; Increased Net Debt $777B
Former President Jimmy Carter said Monday that the income gap in the United States has increased to the point where members of the middle class resemble the Americans who lived in poverty when he occupied the White House.
When most panicked during the financial crisis, Warren Buffett invested, reaping more than $10 billion. Tightening credit markets in 2008 caused 6 major companies to take $26 billion in loans from Buffett and his conglomerate Berkshire Hathaway,
Remarks of David A. Stockman at the Edmond J. Safra Center for Ethics, Harvard University, September 26, 2013
Why are young people in America so frustrated these days?
Could that headline actually be true?
“Banana Republicans,” sneered the Democrat’s leader, Senator Harry Reid. It’s not certain if Reid was comparing his conservative Republican opponents to monkeys or citizens of a Central American banana republic.
By the year 2020 we may be in the midst of (or in the early stages of recovery from) a major depression or perhaps even a full-blown socioeconomic collapse.
The government shutdown may instil short-term volatility in the global financial market, but so far, the markets haven’t roared in reaction to the political deadlock in the world’s biggest economy.
We're getting very close to a stock market crash. In this video we go into the technical evidence.
Do you need any more proof about who is calling the shots in this country than the fact that the CEOs of the TOO BIG TO TRUST Wall Street are meeting face to face with Obama in the midst of a government shutdown “crisis”?
"It seems to me that if you went to college and took on student debt, there used to be greater assurance that you could pay it off with a good job," sums up one 'millennial', adding - sadly - "but now, for people living in this economy and in our age
What the consequences of this “shutdown” will be? Do federal regulations no longer need to be obeyed? Are we no longer required to pay federal taxes? Have all of America’s current wars ended? Will drone bombers no longer function and
Less than two years after exiting bankruptcy, the city of Vallejo, California, is again facing a budget crisis as soaring pension costs, which were left untouched in the bankruptcy reorganization, eat up an ever-growing share of tax revenues.
In the ideal vision of the “sharing economy,” people own less stuff, while the stuff they do own gets used far more, thanks to hyper-efficient marketplaces that use mobile technology to share all this stuff with the rest of the world.
If you spent one million dollars a day, every day, from the day Christ was said to have been born, today, you still would not have spent a trillion. We are so far past repayment, and they still spend at breakneck speed. It is all meaningless.
Cathy Scharf, former compliance officer, spoke at the Certified Anti-Money Laundering Specialists (CAMS) conference in Nevada; explaining how SunFirst Bank (SFB), a Utah bank, she worked for was “illegally processed at least $200 million for the offs
“I sincerely believe, with you, that banking establishments are more dangerous than standing armies.” —Thomas Jefferson, 3rd President of the United States (1801–1809) and principal author of the United States Declaration of Independence (1776), in a
As I write this, it appears that the federal government is about to shut down because the House and Senate cannot agree on whether to add language defunding or delaying Obamacare to the “Continuing Resolution”.
The creditors - China, Japan and other Asian governments - have a hoard of U.S. Treasuries in their $5 trillion cache of foreign exchange reserves, the equivalent of almost a third of U.S. gross domestic product.
The Central Bankers are making their move. They seeks to collapse the economy. We may have days, weeks or months, we do not have 2 years.Entered By: Dave Hodges
At a closed summit in Detroit, US officials pledged $300 million to help the nation's largest-ever bankrupt city invest in infrastructure, public safety and transit, and begin eradicating blight.
Zeitgeist Versus the Market - Peter Joseph Debates Stefan Molyneux
The man in the photo above is Gene Cernan, the last human to walk on the moon. Cernan left the moon in December of 1972 – more than forty years ago – and no one has gone back.
Rep. Peter King, R-N.Y., who has called Cruz a “fraud” for his efforts to defund Obamacare, said supporters of the Texas senator have been bombarding his office with “vile” phone calls. “The vehemence of the phone calls coming into the office. I don’
So, Wall Street, what have you learned the last five years? What is the lesson? According to Goldman Sachs CEO Lloyd Blankfein there is no lesson and the only problem with Wall Street crashing the economy, using their political power to get a bailo
Well it did not surprise me, nor anyone who had been paying attention to what I had been saying. As I said repeatedly over the past several months, the Fed knows that the appearance of economic health would evaporate if its stimulus were withdrawn...
Have you heard about the “wonderful” employment numbers that were just released?
So we have a new feature out today, "Looting the Pension Funds," that looks at the blame game being played with state and municipal fiscal crises and the hiring of ultra-expensive "alternative investments" like hedge funds as a key trend in an evolvi