Tag Archive: Economic Collapse

Signs of the Collapse: Record Number Unemployed – 92,120,000 Not Working, Not Looking

The continuing collapse of our economy took another hit this month with a record 92 million Americans now completely out of work. Up 111,000 from the previous month, there are now 92,120,000 Americans,… Continue reading

Total US debt soars to nearly $60 trn, foreshadows new recession

America – its government, businesses, and people – are nearly $60 trillion in debt, according to the latest economic data from thethe St. Louis Federal Reserve. And private debt – not government borrowing… Continue reading

Money Confiscation And Martial Law Unavoidable In US At This Point

The wave of capital destruction which many have been warning about for the last few years, is now breaking like a tsunami,Poland, Ireland (also here), Spain, Germany (and here), and the rest of the Euro-zone (and here) are being inundated with failures and… Continue reading

Lackluster economy could lead to next gold rush

The European Union will be the first to reorganize the currency into an international medium, and then other countries will follow. The United States will have no choice, because sooner or later, the… Continue reading

40 Signs That America Is Rotting From The Inside Out

This will be such a crushing for not only the loss of life, but a huge hit to the U.S. economy as no money will be available to rebuild what is about to… Continue reading

How almost half of U.S. population lives in a household that receives state benefits

Dawn Lucifer’s last ditch effort at trying to save his prized country which is the USA will not be successful. The printing of one and a half trillion dollars to bail out failed… Continue reading

Government Shutdown Averted: Congress Passes Temporary Government Funding Bill

Psalm 94:20 “Can a corrupt throne— one that creates trouble by law— become Your ally?” Countries, especially the USA, it creates laws that create trouble or problems for its subjects. They claim to be… Continue reading

Crash and Burn: Dow slides -677 points in two days of trading

The Dow has fallen -677 points in two days. With no solution in sight for Europe and new fears of a global recession, investors dumped stocks and commodities and ran to the safety of U.S. Treasuries.… Continue reading

Obama Hides Tax Increases in New Government Fees

The Queen of Mean, Leona Helmsley, was right – the wealthy do not pay taxes, the little people do. Helmsley’s remark is more spot on than ever as Obama prepares to raise taxes… Continue reading

Stocks Tumble Worldwide after Obama Speech

Stocks sank, while the euro touched a ten-year low versus the yen and a six-month low against the dollar, as concern grew aboutGreece’s debt crisis. European bank and sovereign credit risk reached all-time… Continue reading

USPS could default on a $5.5 billion payment for Pensions

The US Postal Service is so deeply in debt that it could default on a $5.5 billion payment for retiree benefits by month’s end. No surprise there. Total mail volume is down 20… Continue reading

Market crash ‘could hit within weeks’, warn bankers

A more severe crash than the one triggered by the collapse of Lehman Brothers could be on the way, according to alarm signals in the credit markets. Insurance on the debt of several… Continue reading

FEMA almost out of disaster funds

NEW YORK (CNNMoney) — The Federal Disaster Relief Fund, the pot of money used to help communities and individuals hit by disasters, is nearly depleted. That’s bad news for victims of both Hurricane… Continue reading

Iranians: Time ripe for ‘Great Satan’ to be removed

The decline and fall of the American empire is unfolding and will usher in a new world order that doesn’t include the United States, Iran now believes. With the fiasco in Congress over… Continue reading

Under Obama US National Debt Growing By $3MILLION DOLLARS A MINUTE

Swallow all liquids in your mouth before reading any further. Updated numbers for the national debt are just out: It’s now $14,639,000,000,000. When Barack Obama took the oath of office twice on Jan.… Continue reading

16 Statistics Which Prove That The American People Are Absolutely Seething With Anger

Well, “the greatest nation on earth” is about to get a massive wake up call.  We are up to our eyeballs in debt and we are bleeding jobs, businesses and wealth at an… Continue reading

Dow plunges 519 points on economy, Europe worries

NEW YORK (AP) — Stocks are falling at the close of trading as investors’ attention returns to the weak economy and Europe’s debt problems. The Dow Jones industrial average is down 519, or… Continue reading

Food stamp use rises to record 45.8 million

NEW YORK (CNNMoney) — Nearly 15% of the U.S. population relied on food stamps in May, according to the United States Department of Agriculture. The number of Americans using the government’s Supplemental Nutrition… Continue reading

Under Obama, U.S. unemployment worse than Mexico

President Obama promised he would fundamentally transform America – and he has.  On Sunday, Kevin McCullough of Townhall reported that Mexico has a lower unemployment rate than the United States. Sporting a brand new… Continue reading

U.S. on a pace in 2011 to set a record for cost of weather-related disasters

WASHINGTON, D.C. – The United States is on a pace in 2011 to set a record for the cost of weather-related disasters and the trend is expected to worsen as climate change continues,… Continue reading

Ghost towns on the increase as rural America accounts for just 16% of population

Vast swathes of the U.S. countryside are emptying and communities becoming ghost towns as rural America now only accounts for just 16 per cent of the population. The 2010 census results suggest that… Continue reading

Obama admits the government could default as debt talks collapse AGAIN

House Speaker John Boehner blamed President Barack Obama for the collapse of U.S. debt ceiling talks, saying the White House sought to raise taxes and failed to ‘make the tough choices’ on spending… Continue reading

World one step away from economic meltdown

The world is just one misstep away from a complete financial, economic and geo-political meltdown. Though the mainstream voices have calmed their reports of Middle East conflict amid the debt ceiling and negative… Continue reading

10 Signs That The American People Are Starting To Freak Out About The Condition Of The Economy

All over America, restlessness and frustration are growing. It has now been almost three years since the great financial crash of 2008, and yet the U.S. economy is still a complete and total… Continue reading

POTUS: ‘This May Bring Down My Presidency, But I Will Not Yield on This’

From a GOP Aide at the Debt Talks: “Over the last several days the White House has been walking back the savings on the Biden number.  Thursday it was $2 trillion, Monday it… Continue reading