Are You Prepared For The Coming Economic Collapse And The Next Great Depression?
Once upon a time, most of us who live in America were taught that no matter what happens, if you are willing to work hard enough and long enough you can pull yourself up by your bootstraps and be able to live the American Dream. But today that is not reality for millions of Americans. Instead, … Read more
With the U.S. economy in a death spiral, many Americans have been wondering if moving out of the United States is a way to escape the coming economic collapse. While it is true that the U.S. economy will drag down the rest of the economies around the globe at least to an extent, the reality is that … Read more
What are hard working Americans who have scrimped and saved and have done everything “right” financially for decades supposed to think about all of these “bailouts” and of the massive financial mess in Washington? How are people who have handled their own finances admirably supposed to feel now that the foolishness of others is leading … Read more
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
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
This is how the U.S. economy works much of the time – the wealthy make most of the big economic mistakes but the hard working middle class ends up paying for them. This time around is no exception. The financial crisis of the past several years was caused by Wall Street, but they got bailed … Read more
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
Is the Midwest about to see a massive wave of bank closings? That is apparently what the FDIC is expecting. The FDIC is opening up a massive new satellite office in the Chicago area that will be dedicated to managing receiverships and liquidating assets from failed Midwest banks. This new facility will occupy 7 floors in an 11 floor … Read more