americanthinker.com | The federal government began its takeover of the dollar in 1913 when it established the Federal Reserve Banking System. Prior to that, the dollar was a real store of value. In the period from 1783 to

cryptogon.com/ | Federally-backed program aims to help outsourcers in South Asia become more fluent in areas like Java programming—and the English language. Despite President Obama’s pledge to retain more hi-tech jobs in the U.S., a federal agency run by a hand-picked Obama appointee has launched a...

WASHINGTON — The number of Americans who are receiving food stamps rose to a record 40.8 million in May as the jobless rate hovered near a 27-year high, the government reported yesterday.   Recipients of Supplemental Nutrition Assistance Program subsidies for food purchases jumped...

theeconomiccollapseblog.com | As the first of the 80 million Baby Boomers have begun to retire, it has become increasingly apparent that the United States is facing a pension crisis of unprecedented magnitude.  State and local government pension plans are woefully underfunded, dozens of large c...

thetruthwins.com | Most Americans still appear to be operating under the delusion that the "recession" will soon pass and that things will get back to "normal" very soon.  Unfortunately, that is not anywhere close to the truth.  What we are now witnessing are the early stages of the comple...

theeconomiccallapse | In very alarming sign for the U.S. economy, foreclosures have continued to dramatically increase in 2010.  But there has been a shift.  Back in 2007 and 2008, experts tell us that most foreclosures were due to toxic mortgages.  People were being su...

theeconomiccollapse | Even just a decade ago, major pieces of legislation in the U.S. Congress would be just a few dozen pages long.  But today, it seems like every time Congress passes an important bill it ends up being over a thousand pages long.  In fact, the final version of the new fi...

NEW YORK (Reuters) – Foreclosures rose in 3 of every four large U.S. metro areas in this year's first half, likely ruling out sustained home price gains until 2013, real estate data company RealtyTrac said on Thursday. Unemployment was the main culprit driving foreclosure actions on more than 1.6 m...

SAN FRANCISCO (MarketWatch) -- Facing a $19.1 billion state deficit and with no budget in place, California Gov. Arnold Schwarzenegger reinstated furloughs for state workers in an executive order declaring a fiscal emergency Wednesday. The new furloughs call for state employees to take three unpaid...

bloomberg | U.S. taxpayers may be on the hook for as much as $23.7 trillion to bolster the economy and bail out financial companies, said Neil Barofsky, special inspector general for the Treasury’s Troubled Asset Relief Program. The Treasury’s $700 billion bank-investment program represents a fr...

huffingtonpost | So many homes in Las Vegas have been foreclosed upon that banks rarely bother to hang a "For Sale" sign on the front lawn anymore. Instead, visitors identify bank-owned properties by the brown grass and the 8.5 x 11-inch sheet of paper taped to the front door or the garage. On a cu...

atr.org | In just six months, the largest tax hikes in the history of America will take effect.  They will hit families and small businesses in three great waves on January 1, 2011: (N.B. This version of the document contains even more tax hikes than the original version did) First Wave: Ex...

HONOLULU — Every morning, Tony Williams wakes to the sound of waves crashing on Hawaii's famed Waikiki beaches and has a spectacular view of the Pacific. But he's not paying a cent for his priceless vista. Williams is among the growing number of homeless on Oahu taking advantage of inviting beaches...

yahoonews | WASHINGTON – New estimates from the White House on Friday predict the budget deficit will reach a record $1.47 trillion this year. The government is borrowing 41 cents of every dollar it spends. That's actually a little better than the administration predicted in February. The new esti...

theeconomiccollapseblog.com | Unless the U.S. Congress acts, there is going to be a massive wave of tax increases in 2011.  In fact, some are already calling 2011 the year of the tax increase.  A whole host of tax cuts that Congress established between 2001 and 2003 are set to expire ...

rueters | Increased housing commitments swelled U.S. taxpayers' total support for the financial system by $700 billion in the past year to around $3.7 trillion, a government watchdog said on Wednesday. The Special Inspector General for the Troubled Asset Relief Program said the increase was due l...

endoftheamericandream.com | The 22 statistics that you are about to read prove beyond a shadow of a doubt that the middle class is being systematically wiped out of existence in America.  The rich are getting richer and the poor are getting poorer at a staggering rate.  Once upon a time, t...

wsj | Faced with a $118 million budget deficit, the city of San Jose, Calif., recently decided it could no longer afford its own janitors. So the city's budget called for dropping its custodial staff and hiring outside contractors to clean its city hall and airport, saving about $4 million.

moneynews.com | More than 1 million American households are likely to lose their homes to foreclosure this year, as lenders work their way through a huge backlog of borrowers who have fallen behind on their loans. Nearly 528,000 homes were taken over by lenders in the first six months of the year, ...

Fortune | There are those who would argue that the financial crisis was caused by over-enthusiastic worship of the Almighty Dollar. Call it brutal financial karma, but that church is looking pretty empty these days. A new report from Morgan Stanley analyst Emma Lawson confirms what many had suspect...