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7 reasons why the economic collapse will be catastrophic for middle class AmericansJune 28, 2013 By Andrew Moran Leave a CommentThe collapse of the United States economy in 2007 and 2008 was catastrophic to the middle class and the poor. Although Wall Street and the Washington elite benefitted from the demise of the overall economy, the state of the U.S. isn’t bright, but ra..

Housing Recovery? No, Housing Bubble 2.0Investors are once again throwing cheap, Fed-provided capital into real estate, promoting price increases and inflating a new housing bubble. If the "recovery" in the housing market were legitimate--i.e. if it were a function of an expanding economy and consumers were driving the market--one would expect the number of mortgage applicatio..

China Headed for Collapse?China Faces Banking Sector Troublelike +2 (0) dislike Comments (0)By Swagato Chakravorty Tuesday, June 25th, 2013 Here are two figures for you. The Standard & Poor's 500 was down by more than 1.5 percent (as was the Dow Jones Industrial Average) in early Monday trading, and U.S. 10-year Treasury notes were up by over 2.6 percent. Here are two more fig..

Status report on the US economy. Recession? Collapse?25 JUNE 2013tags: depression, economy, recoveryby Fabius MaximusSummary: Today we have a brief status report on the US economy, touching on some items of concern. The big question: after four years of slow growth, has the air leaked out of our party balloon? Contents Status report about the USA quick look at the worldRecessi..

Bridge collapse a major break in West Coast commerceBy DONNA GORDON BLANKINSHIP, Associated Press Published: May 27, 2013 at 11:31 AM PDT Last Updated: May 27, 2013 at 4:55 PM PDT21 CommentsPrintEmailThe collapsed section of the Interstate 5 bridge over the Skagit River is seen in an aerial view over Mount Vernon, Wash.SEATTLE (AP) - For farmers, business owners and government..

Poll finds economic collapse causing 76% of Americans to live paycheck-to-paycheckJune 24, 2013 By Andrew Moran Leave a CommentTimes might not be tough for government officials and those on Wall Street, but the difficult economic climate is taking a toll on most Americans. A new survey found that more than three-quarters (76 percent) of Americans live paycheck-to-paycheck and l..

Bank of America Whistle-Blower’s Bombshell: “We Were Told to Lie”BLOG, HOME, NEWS, WORLD TRUTH JUNE 18, 2013 1 COMMENTShare This Article1 Bank of America’s mortgage servicing unit systematically lied to homeowners, fraudulently denied loan modifications, and paid their staff bonuses for deliberately pushing people into foreclosure: Yes, these allegations were suspected ..

Michael Snyder Why did the U.S. government spend 2.6 million dollars to train Chinese prostitutes to drink responsibly? Why did the U.S. government spend $175,587 “to determine if cocaine makes Japanese quail engage in sexually risky behavior”? Why did the U.S. government spend nearly a million dollars on a new soccer field for detainees being held at Guantanamo Bay? This ..

Report: Experts say Federal Reserve won’t begin to taper QE3 until DecemberJune 19, 2013 By Andrew Moran Leave a CommentThe financial markets have fluctuated over the past month because Federal Reserve Chairman Ben Bernanke hinted that he may begin to taper off the latest round of quantitative easing if the data suggested the economy was improving – he also said it cou..

Ron Paul: Gold will ‘go to infinity’ because dollar will collapseJune 18, 2013 By Andrew Moran Leave a CommentIn an interview with CNBC on Tuesday, retired Texas Republican Congressman and three-time presidential candidate Ron Paul talked about gold prices and where he sees it heading over the next little while. Dr. Paul did not mince his words and stated explicitly that h..