Day Of Reckoning: Congress Cuts Off Federal Unemployment Benefits For Millions Of Unemployed Americans

Starting on Monday, the unemployed in the U.S. will no longer be able to apply for federal unemployment benefits or the COBRA health insurance subsidy.  This means that millions of Americans that have been unemployed for a long period of time may suddenly find themselves without an unemployment check and without any health coverage.  You see, … Read more

Federal Reserve Chairman Ben Bernanke Warns Congress That The Federal Reserve Will Not “Print Money” To Pay For The Exploding U.S. National Debt

On Wednesday, Federal Reserve Chairman Ben Bernanke warned Congress that the Federal Reserve does not plan to “print money” to help Congress finance the exploding U.S. national debt.  In fact, Bernanke told Congress that the U.S. could soon face a debt crisis as bad as the one in Greece if the U.S. government does not get things in … Read more

15 Reasons Why Barack Obama’s Declaration That “A Second Depression Is No Longer A Possibility” Is Dead Wrong

Is the United States economy headed for another Great Depression?  Well, according to Barack Obama, that is no longer possible.  According to Obama, the United States has avoided an economic collapse and is headed for another wonderful era of growth and prosperity.  But is Obama right?  Do the economic signs indicate that the U.S. is … Read more

Barack Obama, The Federal Reserve And The New York Times: Millions Of Unemployed Americans Are NOT Going Back To Work Any Time Soon

Most Americans seem to be under the impression that the millions of Americans who have lost their jobs over the last few years will soon be going back to work as the U.S. economy recovers.  But that is not going to happen.  In fact, even Barack Obama, the Federal Reserve and the New York Times are … Read more

Has China Begun Dumping U.S. Treasuries?

Has China decided that now is the time to start dumping U.S. Treasuries?  The Treasury Department announced on Tuesday that foreign holdings of U.S. Treasury securities fell by $53 billion in December, which is an all-time record decline for one month.  China alone reduced its holdings by $34.2 billion.  So is this because the U.S. … Read more

Economic Warning! 4 Signs That U.S. Financial Authorities Plan To Reduce The Money Supply, Tighten Credit And Hoard Cash

More than ever before in U.S. history, American society absolutely relies on credit in order to function.  In fact, if you cut off all sources of credit to U.S. businesses, most of them would go out of business fairly quickly.  The truth is that when the money supply expands and credit flows freely, the U.S. economy … Read more

Will This Generation Of Young Americans Be Able To Make It In Hard Times?

Our recent article entitled “A Record Number Of Young Americans Are Unemployed – Are They Just Lazy Or Are There Simply No Jobs Available?” has generated some absolutely outstanding comments.  We have held back on publishing the best of those comments until now because we wanted to feature them all in one place.  The truth is that … Read more

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