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Michael Snyder: The U.S. economy is in a massive amount of trouble. There aren’t enough jobs. There isn’t enough money to go around. Business activity is slowing down again. Household wealth has been falling. Food prices have been rising. Many state and local governments Read more…
Michael Snyder: Federal Reserve Chairman Ben Bernanke delivered his annual address to Congress on Tuesday, and he did very little to give lawmakers much confidence about Read more…
Michael Snyder: The cracks in the ice are getting bigger. At this point it is really hard to have much confidence in the global financial system at all. They told us that MF Global was an isolated incident. Well, the horrific financial scandal over at PFGBest is essentially Read more…
Michael Snyder: Global leaders have tried just about everything that they can think of, but the coming global financial catastrophe continues to march steadily Read more…
Dominique de Kevelioc de Bailleul: What Zerohedge stated is a “must watch 9 minutes of reality,” Dr. Doom Nouriel Roubini, Monday, broke the bad news about the global economy to Bloomberg News. That day, the day that everyone has been hoping to avoid Read more…
Michael Snyder: We always knew that the financial markets were rigged, but this is getting ridiculous. It is now being alleged that 20 major banks have been systematically fixing global interest rates for years. Barclays has already been fined Read more…
Jeff Nielson: Regular readers of my work know that I have been outlining (and warning people about) two potential economic scenarios; as the West’s terminally-ill economies lurch towards their final collapse. These hollowed-out, debt-saturated economies Read more…
Michael Snyder: If you went out and took a poll of the American people on July 4th (Independence Day) and asked them if they are free, what would the results look like? Of course the results would be overwhelmingly lopsided. Most Americans believe Read more…
EconMatters: What a difference a year has made! About this time last year, the dollar seemed on the brink of disaster amid the debt ceiling debate at U.S. Congress. U.S. CDS spiked 430% in three months, and S&P downgraded the U.S. sovereign debt credit rating Read more…
Even as markets cheered the agreement by European leaders to allow the direct use of the bloc’s bailout funds to recapitalize struggling banks, well-known investor Jim Rogers told CNBC the move does nothing to help solve the region’s Read more…
Michael Snyder: The American Dream is being systematically destroyed right in front of our eyes and most Americans don’t even realize what is happening. In the old days, if you were a hard worker and you played by the rules you could always find a good job. Read more…
Michael Snyder: What is the biggest economic problem that the United States is facing? Very simply, our biggest problem is that we have way too much debt. Over the past Read more…
Dominique de Kevelioc de Bailleul: Gold and silver investors watching metals prices move back down near to the Dec. 29 lows of $1,523.90 and $26.15, respectively, should seriously consider accumulating the metals now. The ‘Big Reset’ of the global financial, slated Read more…
Jeff Nielson: In Part I and Part II we first looked at what a Goldilocks Economy is not, then we looked at the actual characteristics of a Goldilocks Economy. But what does Goldilocks herself really look like? She looks like the Middle Class. Read more…
Michael Snyder: Yes, it is officially time to start freaking out about the global economy. The European financial system is falling apart and it is going to go down hard. If Europe was going Read more…
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