An excerpt from The Economic Collapse Blog The following are 50 things that every American should know about the collapse of the economy…. #1 Do you remember how much was made of the “Misery Index” during the presidency of Jimmy Carter? At that time, the “Misery Index” was constantly making headlines in newspapers all across [...]
WASHINGTON (Reuters) – Mortgage finance giant Fannie Mae on Friday said it would ask for an additional $8.5 billion from taxpayers as it continues to suffer losses on loans made prior to 2009. The largest U.S. residential mortgage funds provider reported a net loss attributable to common shareholders of $8.7 billion, or $1.52 per diluted share, in [...]
Discussed in the video: Three Reasons why the Income Tax is a fraud…… 1. Most Americans do not earn “income”. 2. Most Americans are not liable to pay an income tax. 3. The 16th Amendment was not lawfully ratified. What is Voluntary Compliance? Why do so many Americans go broke, get locked up, and wind [...]
John Papola and crew release Part Two of their historic “Fear the Boom and Bust” video.
Welcome to the Land of Illusion, a little early for Halloween. In his first regular news conference, sans tough questions, Helicopter Ben’s promulgation was that there is no inflation and all is basically well.
Once again, it is the world’s biggest bond manager which either is really tempting fate by telling the truth in an increasingly more aggressive manner day after day, or is engaging in the most acute case of reverse psychology ever seen, coming out with the most critical opinion of the Fed’s actions on the verge of the Fed’s historic first press conference.
BEIJING, April 23 (Xinhua) — China should reduce its excessive foreign exchange reserves and further diversify its holdings, Tang Shuangning, chairman of China Everbright Group, said on Saturday.
BOSTON (MarketWatch) — The International Monetary Fund has just dropped a bombshell, and nobody noticed.
For the first time, the international organization has set a date for the moment when the “Age of America” will end and the U.S. economy will be overtaken by that of China.
How bad is the situation in America today?
With all the talk about how companies like General Electric and Cisco pay no or very low U.S. taxes, reader Hal Helfan of Oakland wants to know why can’t there be an alternative minimum tax for corporations like there is for individuals, to make sure that companies can’t use loopholes to wipe out their tax burden.