• http://theeconomiccollapseblog.com by Michael Snyd
You may have noticed that food prices have started to go up very aggressively. I repeatedly warned my readers that this is precisely what would happen, and more price increases are on the way.
Tax preparers are concerned that many of the millions of Americans receiving unemployment benefits due to the pandemic are unaware that they might owe money to the IRS next year.
The Treasury Department will ramp up the size of the bonds and other securities it auctions across-the-board in the face of the unprecedented borrowing needs of the the U.S. government as cases of COVID-19 surge in parts of the country.
Just two days after the Treasury unexpectedly hiked its forecast for debt issuance in the current quarter by $270BN from $677BN to $947BN (after a record $2.75 trillion last quarter)...
The cost of groceries has been rising at the fastest pace in decades since the coronavirus pandemic seized the U.S. economy, leading to sticker shock for basic staples such as beef and eggs and forcing struggling households to rethink how to put enou
Despite the coronavirus and millions of jobless claims driving the U.S. economy deeper into recession, the flood of credit card delinquencies that some predicted has yet to materialize.
Everyone is piling into everything. That's probably the best way to describe the market frenzy this week which has seen an all time high in the Nasdaq and gold, an all time low 10Y yields, and an S&P that is just shy of its all time highs.
"Well, I may do it myself," President Trump said. "I have the right to suspend it, and I may do it myself - I have the absolute right to suspend the payroll."
Patrick Lovell is the producer of 5 part docu-series The Con. The Con is an in-depth investigation into the 2008 financial crisis nine years in the making, Who did it, why it happened and how our country went from "of, for and by the people," to
Pittsburgh Mayor Bill Peduto announced that his city is now participating in a program receiving funding from Twitter CEO Jack Dorsey, in which eligible residents will receive $500 in monthly "guaranteed income."
In Part One of this article I laid out the argument Huxley's dystopian vision of the future had played out over many decades, but now I observe Orwell's darker vision in motion since the start of this century.
Bank lending standards tightened so much in the second quarter, it is virtually impossible to get a loan. But since demand is also tumbling, who will notice?
For a very long time we have been warned that a U.S. economic collapse was inevitably coming, and now it is here. Fear of COVID-19 and unprecedented civil unrest in our major cities have combined to plunge us into a historic economic downturn, and n
The economic bad news hit hard this week with the GDP crashing 33% in the second quarter. The tyrannical lockdowns have produced the steepest economic collapse since 1947. The fallout from Americans sacrificing their liberties to government power is
One of the world's major credit-rating companies fired a warning shot regarding the U.S.'s worsening public finances on Friday, just as lawmakers in Washington contemplate spending more to combat the economic fallout from the coronavirus pandemic
Pittsburgh Mayor Bill Peduto announced that his city is now participating in a program receiving funding from Twitter CEO Jack Dorsey, in which eligible residents will receive $500 in monthly "guaranteed income."
"Wait a minute. You just flash that thing, it erases her memory, and you just make up a new one?"
A new month and what new madness for markets is the question?
Well, the Virus Patrol sure has done it. In a fit of reckless overkill they have managed to vaporize six years of economic growth during the last 90 days. And that's just by the mechanical reckoning of the GDP accounts, where total output in Q2 wei
Josh Sigurdson talks with Tim Picciott, The Liberty Advisor as trillions are printed by the Federal Reserve into the stock market creating an artificial bull market while banks slash credit card limits to "deal" with a problem far closer to home.
In spite of the officially declared "independence" of the Federal Reserve from the immediate political control of either Congress or the White House, America's central bank is, nonetheless, a branch of the U.S. government...