Are You Prepared For The Coming Economic Collapse And The Next Great Depression?
Not everyone in America is hurting during this economic downturn. In fact, the wealthiest Americans are doing just fine. At a time when millions of Americans are losing their jobs and their homes, the folks at the top end of the income scale are actually seeing their incomes go up. In 2009, the number of … Read more
Will commercial real estate be the next shoe to drop in the ongoing U.S. financial crisis? While most eyes are on the continuing residential real estate disaster, the reality is that the state of the commercial real estate market in America could soon be even worse. Very few financial pundits are talking about this looming … Read more
Up until now, the United States has operated under a “fractional reserve” banking system. Banks have always been required to keep a small fraction of the money deposited with them for a reserve, but were allowed to loan out the rest. But now it turns out that Federal Reserve Chairman Ben Bernanke wants to completely … Read more
These days there are times when you read the economic headlines and all you can do is shake your head. Is anyone in control out there? Who in the world could possibly be making so many bad decisions? The truth is that the U.S. economy is in a state of absolute chaos, but whenever anybody in power tries to … Read more
For those seeking to move outside of the United States, figuring out the best country to move to can be a very daunting task. There are a ton of social, cultural, economic and safety issues to be considered. In addition, those who have never been outside of North America should not underestimate the severe “culture shock” that … Read more
Will the health care reform bill that the Democrats are trying to figure out a way to ram through Congress end up being the biggest tax increase in U.S. history? Unfortunately, a close reading of the bill leads to the inescapable conclusion that it will be. You see, the crafters of this legislation were smart. … Read more
Is taking all of our money out of the big banks part of the solution to America’s financial problems? The truth is that people across the United States are angrier about financial and economic issues than they ever have been in modern history. It did not sit well with millions upon millions of hard working Americans to watch their … Read more
Most Americans who closely follow economics understand that all money in the United States comes into existence as debt. Either the Federal Reserve creates it when the U.S. government borrows money, or private banks create it when they use fractional reserve banking to make loans to customers. If lending increases, it is going to create new … Read more