Inflation to Make All Americans Billionaires by 2020
National Inflation Association One of the Federal Reserve’s original stated purposes was to manage the nation’s money supply through monetary policy that provides for stable…
Economy
Foreclosuregate
Dees Illustration The Economic Collapse If you work in the mortgage industry or for a title insurer, you might not want to make any plans…
The Killing and Reviving the American Dream
Llewellyn H. Rockwell Lew Rockwell USA Today loves to run lifestyle features that purport to show how we are living, what we are doing, what…
Finance Leaders Call for IMF Role in Averting Protectionist `Currency War’
Sandrine Rastello and Iuri Dantas Bloomberg Global governments tasked the International Monetary Fund with calming the recent outbreak of tensions over currencies amid signs they…
S&P: 60% of countries will be bankrupt within 50 years
Predicts US will have a debt of 415% of GDP by 2050 Daniel Tencer Raw Story Some sixty percent of the world’s economies will be…
10,000 wait in line at Cal Expo in bid to save their homes
Mark Glover Sacramento Bee They came by the thousands, transforming normally festive Cal Expo into a venue emblematic of California’s nightmarish housing meltdown. An estimated 10,000 people were in…
Government had been warned for months about troubles in mortgage servicer industry
Dees Illustration Zachary A. Goldfarb The Washington Post Consumer advocates and lawyers warned federal officials in recent years that the U.S. foreclosure system was designed…
U.S. Won’t Recover Lost Jobs Until March 2020 At Current Pace
Ed Carson Investors.com The U.S. economy lost 95,000 jobs in September, far worse than expectations for no change in employment. More Census-related temp jobs ended,…
Economic Bright Spot: Dying communities see salvation in new prisons
Kathy Mccormack Associated Press BERLIN, N.H. — Mike Secinore is pinning his hopes on prison. Fresh with a criminal justice degree from the local community…
Finance leaders fail to resolve currency dispute
Martin Crutsinger Associated Press WASHINGTON — Global finance leaders have failed to resolve deep differences that are threatening the outbreak of a full-blown currency war….
September Jobs Report Reveals America’s Emerging Third World Economy
Paul Craig Roberts VDare For a number of years I reported on the monthly nonfarm payroll jobs data. The data did not support the praises…
Bank of America Halts Foreclosures in All States
Foreclosureblues.wordpress.com Associated Press WASHINGTON (AP) — Bank of America on Friday halted foreclosures on homes across the country so it could review paperwork in tens…
‘Americans betrayed by their government’: Paul Craig Roberts
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Crude Oil Increases to Five-Month High as Dollar Drops on Fed Speculation
Mark Shenk and Margot Habiby Bloomberg Crude oil rose to a five-month high as the dollar declined on speculation the Federal Reserve will act to…