Search Results for: +Michael+Snyder

Every month, it is almost always the same story.  The government releases a number that indicates that the U.S. economy has been creating plenty of “jobs”, and then later on that number is dramatically revised lower.  But by the time it is revised lower, nobody really cares anymore.  The fake numbers that are initially released … Read more

Our entire economy is fueled by debt.  In fact, if going into more debt was suddenly banned the U.S. economy would instantly hit a brick wall.  For the vast majority of us, our lifestyles simply cannot be funded by what we actually make.  So we use debt to bridge the difference, and this has particularly … Read more

Most Americans don’t even realize that virtually all of their personal information has been stolen and posted online for free.  The personal records of 2.9 billion people were stolen from a major data broker known as National Public Data earlier this year, and this month almost of the information that was stolen was posted online … Read more

The wealthy are doing just fine at the moment, but they don’t seem to understand that much of the country is deeply hurting right now.  59 percent of Americans believe that the U.S. economy is currently experiencing a recession, and that is because most of them are personally experiencing economic pain.  Literally just about everything … Read more

Businesses are declaring bankruptcy at a much faster rate than they did last year.  Thousands upon thousands of once thriving businesses are failing, but this just must be another sign that the economy is “fine”.  No matter how bad the numbers get, we are assured that the people running things have everything under control and … Read more