theeconomiccollapseblog.com | American families better get ready to tighten their belts again.  There is every indication that we are all going to really start feeling the squeeze in the months ahead.  The price of gas is starting to spike again.  The price of food is moving...

endoftheamericandream.com | Earlier this week, an interview with Donald Trump on Fox & Friends made headlines all over the world.  During that interview, Trump stated that he was "absolutely thinking about" running for president in 2012.  But what didn't get as much attention is why Do...

truth-out.org | Two reports published by NYU's Brennan Center for Justice and the American Civil Liberties Union (ACLU) reveal a rising trend of patently unconstitutional practices in cash-strapped states, where a growing number of impoverished people are jailed for being unable to pay their legal f...

theeconomiccollapseblog.com | Can anyone explain the very strange behavior that we are seeing in world financial markets right now?  Corporate insiders are bailing out of the U.S. stock market at a very alarming rate.  Investors are moving mountains of money into gold and other c...

(Reuters) - The world's wealthiest people have responded to economic worries by buying gold by the bar -- and sometimes by the ton -- and by moving assets out of the financial system, bankers catering to the very rich said on Monday. Fears of a double-dip downturn have boosted the appetite for phys...

(Reuters) - Ultra-loose monetary policies by the U.S. Federal Reserve and the European Central Bank are throwing the world into "chaos" rather than helping the global economic recovery, Nobel Prize winning economist Joseph Stiglitz said on Tuesday.

Bloomberg | After the economy slipped into recession in 2008, millions of Americans received unemployment benefits to make ends meet -- including almost 3,000 millionaires. According to U.S. Internal Revenue Service data, 2,840 households reporting at least $1 million in income on their tax returns...

theeconomiccollapseblog.com | How in the world can anyone claim that things are getting better?  Sometimes the numbers are so clear that they simply cannot be denied.  According to the U.S. Census Bureau, median household income in the United States fell from $51,726 in 2008 to $50,22...

Aug. 21 (Bloomberg) -- The U.S. Mint suspended sales of its 1-ounce ``American Eagle'' gold coins after soaring commodity prices led collectors and investors to deplete supplies. It is the first time in two decades that the Mint halted sales of the coins, which are made of 22-carat gold from domest...

endoftheamericandream.com | These are harrowing times for anyone trying to sell a home or for anyone who is trying to make a living in the housing industry.  But unfortunately, there are a whole lot of signs that things are about to get quite a bit worse.  U.S. home sales have hit rec...

cnnmoney | A total of 27 states reported higher unemployment rates in August, nearly double the 14 that saw increases in July, the Labor Department said in its monthly report on state unemployment Tuesday. While the rate remained at 9.6% for the country as a whole, Nevada, Michigan and California h...

news.com | "The Government is lying about the amount of debt. It is engaging in Enron accounting," said Laurence Kotlikoff, an economist at Boston University and co-author of The Coming Generational Storm: What You Need to Know about America's Economic Future

shtfplan.com | According to the main stream media and the Obama Administration the summer of 2010 was the summer of recovery. A funny thing happened to the recovery on its way to your town. It never happened and it never will until the excessive debt is flushed out of the system and America actually...

businessinsider.com | The small upward correction in home prices from multiple tax credit offerings died in July. Worse yet, inventory of homes for sale as well as shadow inventory both soared. 8 million foreclosure-bound homes have yet to hit the market according to Morgan Stanley.  

yahoo.com | It has become clear that jobs in some industries may never come back, or if they do it will take years or decades for a recovery. 24/7 Wall St. examined the Bureau of Labor Statistics' "Employment Situation Summary," and a number of sources that show layoffs by company and sector. The w...

yahoo.com | WASHINGTON – The ranks of the working-age poor climbed to the highest level since the 1960s as the recession threw millions of people out of work last year, leaving one in seven Americans in poverty. The overall poverty rate climbed to 14.3 percent, or 43.6 million people, the Census Bu...

telegraph.co.uk | "The labour market is in dire straits. The Great Recession has left behind a waste land of unemployment," said Dominique Strauss-Kahn, the IMF's chief, at an Oslo jobs summit with the International Labour Federation (ILO).

businessinsider.com | Right now, we are in the middle of deflation. The Global Depression we are experiencing has squeezed both aggregate demand levels and aggregate asset prices as never before. Since the credit crunch of September 2008, the U.S. and world economies have been slowly circling the de...

huffingtonpost.com | Even as the United States has been borrowing trillions to pursue its wars in the Middle East, the government of Iraq has posted a tidy surplus, according to a new Government Accountability Office report. The report makes a direct link between U.S. government spending -- includi...

theeconomiccollapseblog.com | The "America" that so many of us have taken for granted for so many decades is literally disintegrating right in front of our eyes.  Most Americans are still operating under the delusion that the United States will always be "the wealthiest nation" in the worl...