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We Killed The Goose That Laid The Golden Egg And Now The Number Of Americans Receiving Long-Term Unemployment Benefits Has Risen A Whopping 60 Percent In Just One Year

August 20, 2010August 20, 2010 by Michael

For middle class Americans, the new global economy has provided mountains of cheap products made in China, India and dozens of other nations, but it has also killed the goose that laid the golden egg. Millions of American workers have been discovering that the price for all of those inexpensive foreign-made goodies is their jobs. Now we … Read more

5 Trillion MORE Dollars To Fix Fannie Mae And Freddie Mac???

August 19, 2010August 19, 2010 by Michael

Fannie Mae and Freddie Mac have become gigantic financial black holes that the U.S. government endlessly pours massive quantities of money into. Unfortunately, if the U.S. government did allow Fannie Mae and Freddie Mac to totally implode, both the mortgage industry and the housing industry in the United States would completely collapse. So essentially the U.S. … Read more

The Trade Deficit Nightmare

August 17, 2010August 14, 2010 by Michael

When they hear the word deficit, most Americans immediately think of the U.S. government budget deficit which is rapidly spiralling out of control. But that is not the only deficit which is ripping the U.S. economy to shreds. In fact, many economists commonly speak of the “twin deficits” that are destroying the U.S. financial system. So … Read more

The Horrific Derivatives Bubble That Could One Day Destroy The Entire World Financial System

July 31, 2010August 8, 2010 by Michael

Today there is a horrific derivatives bubble that threatens to destroy not only the U.S. economy but the entire world financial system as well, but unfortunately the vast majority of people do not understand it. When you say the word “derivatives” to most Americans, they have no idea what you are talking about. In fact, … Read more

11 Reasons Why The Federal Reserve Is Bad

August 18, 2011August 4, 2010 by Michael

Millions of Americans are waking up to the fact that the Federal Reserve is bad, but very few of them can coherently explain why this is true. For decades, an unelected, privately-owned central bank has controlled America’s currency, run our economy and has driven the U.S. government to the brink of bankruptcy. It operates in … Read more

Rare Earth Elements: The World Is Rapidly Running Out And China Has Most Of The Remaining Supply

July 28, 2010August 1, 2010 by Michael

Most people have no idea what rare earth elements are, but a wide array of the technologies that we use every single day are dependent on them. Without rare earth elements, we would have no hybrid car batteries, flat screen televisions, cell phones or iPods. Without rare earth elements, the entire “green economy” would not … Read more

Foreclosures Continue To Dramatically Increase In 2010

July 30, 2010 by Michael

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

The American People Don’t Need More Handouts – What They Need Are Good Jobs

July 27, 2010July 27, 2010 by Michael

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

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