Are You Prepared For The Coming Economic Collapse And The Next Great Depression?
In a very alarming sign for the U.S. economy, foreclosures have continued to dramatically increase in 2010. But there has been a shift. Back in 2007 and 2008, experts tell us that most foreclosures were due to toxic mortgages. People were being suckered into mortgages that they couldn’t afford with “teaser rates” or with payments that … Read more
Today, America’s best and brightest are graduating from college full of hopes and dreams, but cold, hard economic reality is rapidly crushing many of them. Record numbers of college graduates cannot find jobs. Hordes of others have been forced to take very low paying service jobs. At the same time, student loan debt loads have … Read more
Without millions more good jobs, the U.S. economy is simply never, ever going to recover. But at this point, there is every indication that the U.S. economy is going to continue to bleed jobs. In the past, employment would bounce up and down as the economy went through various cycles. But today what we are … Read more
Today most Americans are completely obsessed with the silliest of things. They wonder how Lindsay Lohan is going to fare in jail and they agonize over who LeBron James is going to play basketball for. But when it comes to the things that really matter, most Americans are completely clueless. For example, while most Americans would … Read more
For decades, most Americans have enjoyed an extremely high standard of living. In fact, most of us have been “enjoying the high life” and “living the dream” for so long that we have assumed that it is just always going to be that way. But now a rapidly growing percentage of Americans is getting the … Read more
Over the past several decades, one of the primary engines of U.S. economic prosperity has been a constantly expanding debt spiral. As long as the U.S. government, state governments, businesses and American consumers could all continue to borrow increasingly large amounts of money, the economy was going to continue to grow and “the greatest party on earth” … Read more
Does your family have an economic disaster plan? If not, why not? By now, most people know that very hard economic times are coming. No, America is not going to turn into a post-apocalyptic war zone where motorcycle gangs ravage the populace next week, but the truth is that it doesn’t take a genius to understand that the U.S. … Read more
Is it possible to write a 2,300 page piece of legislation that accomplishes next to nothing and is pretty much completely and utterly worthless? The answer is yes. Barack Obama has been trumpeting the Dodd-Frank financial reform bill as the “biggest rewrite of Wall Street rules since the Great Depression”, but the truth is that … Read more