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Category Archives: Financial
Perception…
Source If you still believe that our FRNs are worth anything, here is the truth:
Here’s What It Looks Like When Your Country’s Economy Collapses
httpv://www.youtube.com/watch?v=na1eDvtjPtc#t=1s Argentina is a country re-entering crisis territory it knows too well. The country has defaulted on its sovereign debt three times in the past 32 years and looks poised to do so again soon. Its currency, the peso, devalued … Continue reading
8FEB14 ECSUM
See additional comments on Tea Party Nation. A strange week for the economy. Another financial expert has committed “suicide” using a nail gun. The unemployment numbers were a huge miss but the unemployment rate once again went down. The stock … Continue reading
1,154,000 Fewer Americans Working Today Than 6 Years Ago
1,154,000 fewer Americans are working today than six years ago, according to data from the Bureau of Labor Statistics. In January 2008, 146,378,000 Americans 16 and over were employed, and now in January 2014, 145,224,000 are employed, a difference of … Continue reading
How Do We Know When the Collapse Is Close?
Whether the latest “suicide” of a financial executive is related to any of the other “suicides”, there are several questions to consider: 1. Can someone actually nail their torso and head seven times by themself? 2. What is the status … Continue reading
Lew sets debt limit deadline
The Treasury Department will all but completely exhaust its abilities to pay the nation’s bills by Feb. 27 unless Congress raises the debt ceiling, according to a new letter sent to lawmakers Friday by Secretary Jack Lew. Lew’s warning moves … Continue reading
Posted in Editorial, Financial
Tagged Budget Ceiling, Lew
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Bitcoin plunges as major exchange halts withdrawals
Bitcoin prices plunged early Friday after Mt.Gox, the major exchange for the virtual currency, said it was forced to halt withdrawals for customers. Mt.Gox said an increase in withdrawal requests caused technical problems for its systems. “To understand the issue … Continue reading
Stock futures turn lower after jobs report
U.S. stock futures turned lower ahead of the opening bell after the government said only 113,000 jobs were created in January. The unemployment rate came in at 6.6%. Economists surveyed by CNNMoney expected the U.S. economy to have added 178,000 jobs and the … Continue reading
Senate rejects jobless benefits
Senate Republicans on Thursday blocked Democrats’ third attempt to pass an extension of federal unemployment benefits. The Senate voted 58-40 Thursday on a proposal that would have continued unemployment insurance for three months, just short of the 60 votes needed … Continue reading
Posted in Editorial, Financial
Tagged unemployment insurance
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A Frank Letter to the Homeless Man Under the Bridge
FREEMANSPERSPECTIVE I see you standing here, asking for help, about once a week. You are always polite, and I respect that. I’d like to do something for you… something that would matter long-term. Giving you a few notes or coins … Continue reading
28 Signs That The Middle Class Is Heading Toward Extinction
The death of the middle class in America has become so painfully obvious that now even the New York Times is doing stories about it. Millions of middle class jobs have disappeared, incomes are steadily decreasing, the rate of homeownership has … Continue reading
Posted in Editorial, Financial
Tagged Michael Snyder
Comments Off on 28 Signs That The Middle Class Is Heading Toward Extinction
CBO Director: Obamacare ‘Creates a Disincentive for People to Work’
The subsidies that help low-income people buy expensive health insurance are a ‘disincentive for people to work,” Douglas Elmendorf, director of the Congressional Budget Office, told Congress on Wednesday. “What the Affordable Care Act does, is to provide subsidies focused … Continue reading
The Countdown to the Nationalization of Retirement Savings Has Begun
Simply put, the new myRA program put forward by Obama is at best a sucker’s deal… or worse, it’s a first step toward the nationalization of private retirement savings. (Note: If you haven’t yet heard of myRA, I’d strongly suggest … Continue reading
Posted in Editorial, Financial
7 Comments
The Stock Market In Japan Is COLLAPSING
Did you see what just happened in Japan (Monday’s trading session)? The stock market of the 3rd largest economy on the planet is imploding. On Tuesday, the Nikkei fell by more than 610 points. If that sounds like a lot, that … Continue reading
The Final Swindle Of Private American Wealth Has Begun
I began writing analysis on the macro-economic situation of the American financial structure back in 2006, and in the eight years since, I have seen an undeniably steady trend of fiscal decline. I have never had any doubt that the … Continue reading
Posted in Editorial, Financial
Tagged Brandon Smith
Comments Off on The Final Swindle Of Private American Wealth Has Begun