Category Archives: Financial

Half The Country Makes Less Than $27,520 A Year And 15 Other Signs The Middle Class Is Dying

by Michael Snyder If you make more than $27,520 a year at your job, you are doing better than half the country is.  But you don’t have to take my word for it, you can check out the latest wage … Continue reading

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Working More to Earn Less – Why the Poor Stay Poor

httpv://www.youtube.com/watch?v=NH-3HlrnHQs

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Time to Get Your Money Out of the 1’s and 0’s

The Velocity Of Money In The U.S. Falls To An All-Time Record Low When an economy is healthy, there is lots of buying and selling and money tends to move around quite rapidly.  Unfortunately, the U.S. economy is the exact … Continue reading

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A coordinated conspiracy among numerous ill veterans to avoid seeking medical care and blame their subsequent problems on President Obama.

More…

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US Economy Shrank By 1% In The First Quarter: First Contraction Since 2011

Some highlights: Personal consumption was largely unchanged at 2.09% from 2.04% in the first estimate and down from 2.22% in Q4. Considering the US consumer savings rate has tumbled to post crisis lows at the end of Q1, don’t expect … Continue reading

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Has The Next Recession Already Begun For America’s Middle Class?

by Michael Snyder Has the next major economic downturn already started?  The way that you would answer that question would probably depend on where you live.  If you live in New York City, or the suburbs of Washington D.C., or … Continue reading

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Putin Says Russia, China Need To Ensure Security Of Their Gold Reserves

One week ago we reported that while Russia was dumping a record amount of Treasurys it was buying gold, or some 900,000 ounces to be precise. Today we learn that as Russia continues to purchase gold, and is likely taking advantage of the … Continue reading

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We Were Sold Out to the Big Banks

According to official government numbers, the top 25 banks in the United States now have a grand total of more than 236 trillion dollars of exposure to derivatives.  But there are four banks that dwarf everyone else.  The following are the … Continue reading

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The Size Of The Derivatives Bubble Hanging Over The Global Economy Hits A Record High

by Michael Snyder The global derivatives bubble is now 20 percent bigger than it was just before the last great financial crisis struck in 2008.  It is a financial bubble far larger than anything the world has ever seen, and … Continue reading

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Federal Reserve Admits Truth In Internal Memo: “Prices Continue To Rise Between 3% And 33%”

We are confused: on one hand the Fed is injecting hundreds of billions of liquidity into the market, boosting the S&P to all time highs and making the rich richer (Piketty taking Excel lessons from Rogoff notwithstanding) while the economy remains … Continue reading

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James Rickards: ‘Ugly’ Financial Crisis to Jolt US Within 5 Years

More… h/t Jim D

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Barclays Fined For Manipulating Price Of Gold For A Decade

It was almost inevitable: a week after we wrote “From Rothschild To Koch Industries: Meet The People Who “Fix” The Price Of Gold” and days after “Barclays’ Head Of Gold Trading, And Gold “Fixer”, Is Leaving The Bank“, earlier today … Continue reading

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Tom Steyer: Green Energy Presents Opportunity ‘to Make a Lot of Money’

httpv://www.youtube.com/watch?v=C3BNla7YWps More… Tom Steyer raising campaign funds for climate change httpv://www.youtube.com/watch?v=p_j4A4aWQqo

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Strategies to Achieve Financial Well-Being

People suffering negative psychological effects from the Great Recession are seeking help in a new branch of psychology called financial therapy, Forbes reports. The Great Depression already demonstrated how financial trauma can leave psychological scars, and the Great Recession has … Continue reading

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27 Huge Red Flags For The U.S. Economy

by Michael Snyder If you believe that the U.S. economy is heading in the right direction, you really need to read this article.  As we look toward the second half of 2014, there are economic red flags all over the … Continue reading

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