The US Ministry of Truth - Bill Clinton wants one, which means even he knows the jig is up. Article by Butler Shaffer. / Battle Stations! - Time for more imperial spending and death expeditions. Article by Eric Margolis.
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%.
The idea that government is good and wants to look out for YOU is a main staple of Western regulatory democracies, and increasingly democracies being imposed around the world.
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.
A few weeks before announcing his re-election campaign, President Obama convened two dozen Wall Street executives, many of them longtime donors, in the White House’s Blue Room.
Greece had its credit rating cut three levels by Standard & Poor’s, which branded the nation with the world’s lowest debt grade and said a restructuring looks “increasingly likely.”
When adding in all of the money owed to cover future liabilities in entitlement programs the US is actually in worse financial shape than Greece and other debt-laden European countries, Pimco's Bill Gross told CNBC Monday.
There is an amazing disconnect between the two enablers of the Washington D.C. oligarchy. One of these enablers is the Federal Reserve Bank of the United States, which just published their latest Beige Book.
"The debt level of the USA is disastrous," Mr. Juncker said. "The real problem is that no one can explain well why the euro zone is in the epicenter of a global financial challenge at a moment, at which the fundamental indicators of the euro zone...
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.
The world is seemingly under stress from almost all sides. Lets take a look at a couple of the cross currents in the world, some of which no one is talking about yet.
"All gaming operations, including state lotteries, are trying to move toward Internet gambling," says Keith Whyte, executive director of the National Council on Problem Gambling.
A Chinese ratings house has accused the United States of defaulting on its massive debt, state media said on Friday, a day after Beijing urged Washington to put its fiscal house in order.
And what happens if the debt ceiling is raised with no cuts in government spending?
If the debt ceiling is not raised
On one side of the argument you have the doomsday crowd who will tell you that if the U.S. debt ceiling is not raised before A
NASA’s newest Mars rover faces further hurdles and could require another $44 million in funds before it is ready for launch this fall, according to an agency audit announced today.
The $61.6 trillion in unfunded obligations amounts to $527,000 per household. That's more than five times what Americans have borrowed for everything else — mortgages, car loans and other debt. It reflects the challenge as the number of retirees soar
China warns U.S. debt-default idea is "playing with fire ... Republican lawmakers are "playing with fire" by contemplating even a brief debt default as a means to force deeper government spending cuts
The federal government once again has reached the limit of its legal ability to borrow money, meaning it cannot issue new Treasury debt without action by Congress to increase the debt ceiling limit.
There Are No Safe Banks - Only shaky, fraudulent, fractional-reserve operations, says Gary North. / Ron Paul: 'I'm Running Against John Maynard Keynes' - Ron talks to Lew about the meaning of his campaign. / Your Economic Future - Best case, worst ca
While the European Union is dragging its legs regarding a sustainable solution for Greece, the Greeks are on the move, withdrawing large sums of money from the banks (before they won’t be able to), taking to the streets and begin talking about a revo
At the heart of it all, the developed nations blew themselves a gigantic credit bubble, which fed all kinds of grotesque distortions, of which housing is perhaps the most visible poster child.
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