cnsnews.com | In the first 19 months of the Obama administration, the federal debt held by the public increased by $2.5260 trillion, which is more than the cumulative total of the national debt held by the public that was amassed by all U.S. presidents from George Washington through Ronald Reagan

munknee.com | While most Western countries have serious debt problems none of them has a fiscal crisis as bad as that of the United States. In spite of that, however, the U.S. corporate-controlled media has been obsessively shining the spotlight on the so-called “PIGS” of Europe rather than on the s...

theeconomiccollapseblog.com | Labor Day 2010 comes in the midst of a stunning wave of U.S. factory closings that stretches from coast to coast.  Once upon a time America was the greatest manufacturing machine that the world has ever seen, but now it seems as though the only jobs available for w...

truthout.org | The Great Jobs Depression continues to worsen. The Labor Department reports this morning that companies created ony 67,000 new jobs in August. That’s down from the 107,000 they created in July. And because the government laid off temporary Census workers, the economy as a whole lost ...

swerveleft.blogspot.com | Twenty-two statistics showing how the middle class is being systematically wiped out in the U.S.:   83 percent of all U.S. stocks are in the hands of 1 percent of the people. 61 percent of Americans "always or usually" live paycheck to paycheck, which was ...

thenewamerican.com | The Obama administration is “taking the first steps to confiscate retirement dollars,” according to Dr. Jerome Corsi who predicts that the end result will be retirees with 401(k) plans holding near-worthless government debt “that will be paid off in a devalued currency worth … p...

MYFOXNY.COM - If you think you've been seeing more people sleep on city streets, statistics back up the perception. The homeless population living on New York City streets has gone up 50 percent in the past year, according to city statistics reported by the HellsKitchenLife.com blog. The New York C...

theeconomiccollapseblog.com | Not everyone has been doing badly during the economic turmoil of the last few years.  In fact, there are some Americans that are doing really, really well.  While the vast majority of us struggle, there is one small segment of society that is seemingly doing b...

thenewamerican.com | In the latest issue of Trends Journal Gerald Celente, the founder and director of Trends Research Institute and also bestselling author of Trends 2000 and Trends Tracking, writes that the United States is walking down the same road of demise as the former Soviet Union.Celente fu...

AP | Sales of previously occupied homes plunged last month to the lowest level in 15 years, despite the lowest mortgage rates in decades and bargain prices in many areas. July's sales fell by more than 27 percent to a seasonally adjusted annual rate of 3.83 million, the National Association of Re...

Bloomberg | China, whose $2.45 trillion in foreign-exchange reserves are the world’s largest, is turning bullish on Europe and Japan at the expense of the U.S. The nation has been buying “quite a lot” of European bonds, said Yu Yongding, a former adviser to the People’s Bank of China who was part o...

yahoonews | SHANGHAI — After three decades of spectacular growth, China passed Japan in the second quarter to become the world’s second-largest economy behind the United States, according to government figures released early Monday. The milestone, though anticipated for some time, is the most strik...

rawstory | The $700 billion U.S. bailout program launched in response to the global economic meltdown had a far greater impact overseas than other countries' financial rescue plans did on the U.S., according to a new report from a congressional watchdog. Billions of dollars in U.S. rescue funds wou...

FORTUNE -- The Great Depression. Wall Street in 1987. Japan in 1997. Points of economic collapse are generally crystal clear in the rear-view mirror. Professional politicians in Japan have been telling stories for 20 years as to why they can prevent economic stagnation. In the US, the storytelling s...

therealnewsradio.com |    We have just witnessed another bailout in the incremental indoctrination of the sheep people to except this as normal . The Federal Government while talking out both sides of its lying mouth as usual , telling the dumbed down American public that the economy is do...

Presstv | The number of US homes lost to foreclosure soared in July as the housing industry estimates that lenders will seize more than a million US households this year. Lenders repossessed 92,858 properties last month, AP reports, up 9 percent from June and an increase of 6 percent from July 2...

Bloomberg | Let’s get real. The U.S. is bankrupt. Neither spending more nor taxing less will help the country pay its bills. What it can and must do is radically simplify its tax, health-care, retirement and financial systems, each of which is a complete mess. But this is the good news. It means th...

usawatchdog.com | A little more than two years ago, economist John Williams of shadowstats.com predicted a “severe recession” was coming and soon.  At the time, I was working as an investigative correspondent for CNN.  I interviewed Williams for a story about the coming financial crisis.&#...

Reuters) - Mortgage finance giant Freddie Mac (FMCC.OB) on Monday said it would need another $1.8 billion in aid from taxpayers, bringing its total request since it was taken over by the government two years ago to more than $64 billion. The second largest U.S. residential mortgage funds provider r...

poorrichards-blog.blogspot.com | The lights are going out all over America - literally. Colorado Springs has made headlines with its desperate attempt to save money by turning off a third of its streetlights, but similar things are either happening or being contemplated across the nation, from Phila...