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Economic Collapse

 

moneynews.com | Billionaire developer and potential presidential candidate Donald Trump predicts the price of gold will continue to climb because Americans have no confidence in President Barack Obama. In an exclusive interview with Newsmax.TV, he also warned that trouble looms for the U.S. economy...
theeconomiccollapseblog.com | We are officially in the middle of the worst housing collapse in U.S. history - and unfortunately it is going to get even worse.  Already, U.S. housing prices have fallen further during this economic downturn (26 percent), then they did during the Great Depression ...
telegraph.co.uk | The global credit stock has already doubled in recent years, from $57 trillion to $109 trillion between 2000 and 2009 Photo: Alamy   By Emma Rowley 8:49PM GMT 18 Jan 2011 190 Comments   This doubling of existing credit levels could be achieved without in...
Warning Signs (Featured Article)
theeconomiccollapseblog.com | Do you see all of the warning signs that are flashing all around you?  These days it seems like there is more bad economic news in a single week than there used to be in an entire month.  2011 is already shaping up to be a very dark year for the world economy....
theeconomiccollapseblog.com | How do we fix the economy?  That is a question that tens of millions of Americans are asking right now.  Republicans are harshly criticizing the empty economic proposals being put forward by Barack Obama and the Democrats, but the Republicans don't seem to hav...
theeconomiccollapseblog.com | Barack Obama's State of the Union address sure sounded good, didn't it?  There were lots of solemn promises, lots of stuff about America's "bright future" and a line about how we are now facing this generation's "Sputnik moment" that will surely make headlines all ...
rense.com | Timothy Geithner, U.S. Treasury Secretary, admitted in a letter to congress dated January 6th, that the United States Treasury would be forced to default on its credit obligations without clearance from Congress to raise
foxnews.com | HOLMES MILL, Ky.—The U.S. Postal Service plays two roles in America: an agency that keeps rural areas linked to the rest of the nation, and one that loses a lot of money. Now, with the red ink showing no sign of stopping, the postal service is hoping to ramp up a cost-cutting program ...
theeconomiccollapseblog.com | Today America is very, very frustrated.  In fact, we probably have not seen this level of anger in the country since World War 2 ended.  So why are so many Americans so frustrated and so angry right now?  Well, for most Americans it comes down to the econ...
endoftheamericandream.com | Why in the world would anyone still want to live in the state of California at this point?  Residents of California have been forced to endure a brutally oppressive level of taxation for many years, and yet the state of California has still managed to find itself on ...
endoftheamericandream.com | Most Americans have no idea how important oil prices are to the overall health of the U.S. economy.  Whenever oil prices have pressed toward record levels in recent decades, it has always resulted in an economic downturn.  A high oil price does not just mean tha...
By James West | Despite the best efforts by the American mainstream financial media, the eager PR division of the United States Dollar Ponzi Scheme, to paint the rosiest of rosy pictures for blindly optimistic readers, the stubborn image of a debt-swollen jobless behemoth economy slowly toppling per...
yahoonews | CAMDEN, N.J. – Some firefighters turned in their helmets and police officers their badges Tuesday as part of deep municipal layoffs destined to further erode the quality of life in Camden, already one of the nation's most impoverished and crime-ridden cities. About 335 workers, represen...
(CNSNews.com) - John Allison, who for two decades served as chairman and CEO of BB&T, the nation's 10th largest bank, told CNSNews.com it is a “mathematical certainty” that the United States government will go bankrupt unless it dramatically changes its fiscal direction. Allison liken...
theeconomiccollapseblog.com | Over the past couple of years, most Americans have shown little concern as austerity measures were imposed on financially troubled nations across Europe.  Even as austerity riots erupted in nations such as Greece and Spain, most Americans were still convinced that ...
dailycensored.com | Speaking on a Global Metro Summit panel at the University of Illinois-Chicago with Philadelphia Mayor Michael Nutter and Los Angeles Mayor Antonio Villaraigosa, Daley appeared to indicate that allowing the pensions to go bankrupt so they could be reorganized was something he beli...
theeconomiccollapseblog.com | 2010 was quite a year, wasn't it?  2010 will be remembered for a lot of things, but for those living in the United States, one of the main things that last year will be remembered for is economic decline.  The number of foreclosure filings set a new record, th...
(Reuters) - Banks seized more than a million U.S. homes in one year for the first time last year, despite a slowdown in the last few months as questions around foreclosure processing arose, a leading firm said on Thursday. Banks foreclosed on 69,847 properties in December, bringing the year's total...
webofdebt.com | Ellen Brown, January 12th, 2011 The Federal Reserve was set up by bankers for bankers, and it has served them well. Out of the blue, it came up with $12.3 trillion in nearly interest-free credit to bail the banks out of a credit crunch they created. That same credit crisis has plung...
rawstory | The Obama administration's $78 billion cut to US defense spending is a mere "pin-prick" to a behemoth military-industrial complex that must drastically shrink for the good of the republic, a former Reagan administration budget director recently told Raw Story. "It amounts to a failed opp...
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