One aspect of the current economic collapse that has not been widely reported is the extreme difficulty that most state unemployment insurance funds are facing. At this point, 25 state unemployment insurance funds have gone broke and the Department of Labor estimates that 15 more state unemployment funds will likely go broke within two years and need massive loans from the federal government just to keep going. (Read More....)
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Is The World About To Experience A Devastating Economic Collapse?
Is the world about to experience an absolutely crippling economic collapse? That is the conclusion that we have come to after years of research. The truth is that the world economic system is essentially a mountain of debt based on paper money that is backed up by nothing. History has shown that any economy based on debt and paper money will always fall apart in the end – especially when greed and corruption are huge factors in the equation as they are today. (Read More....)