By Michael Snyder U.S. consumers are getting weaker and weaker and weaker. Today, debt levels have risen to unprecedented heights, but thanks to roaring inflation…
By Charles Hugh Smith Can an economy in which 10% of the households qualify as middle class claim to offer widespread opportunities for secure prosperity?…
By Michael Snyder The rich have been getting richer and the poor have been getting poorer, and this is causing all sorts of societal problems. …
By Michael Snyder What in the world is happening to the middle class? Once upon a time, the United States had the largest and most…
By David Haggith Recently several major banks were unable for days to process hundreds of thousands of payments. The explanation by the banks given in…
By Michael Snyder Our economy runs on credit, and our banks are the beating heart of that system. Without healthy banks, how would Americans buy…
By Tyler Durden Back in July, when we last looked at the unprecedented horror show that is the US budget deficit – and concluded correctly,…
By Michael Snyder In recent weeks there have been numerous high-profile bank “glitches”, accounts are being shut down without warning at a staggering rate all…
By J.G. Martinez Finances. This is the real scourge of our time. Make poor financial decisions, and they will haunt you for a long time. By…
By Michael Boldin Deficits and the national debt have been growing for so long that most people just shrug when we talk about them. They…
By Tyler Durden Recent data from Edmunds reveals that an unprecedented 17% of American car purchasers now have monthly car payments of $1,000, a significant…
By Michael Snyder Despite the fact that our politicians in Washington have been borrowing and spending trillions of dollars that we do not have in…
By Michael Snyder The only way that we can continue to have cheap food is if we have cheap energy. We use energy to grow…
By Michael Matulef The threat of hyperinflation has haunted fiat money economies throughout history. Although past empires crumbled under the weight of unrestrained money printing,…