Category Archive: The Economy

May 24

Economic Slavery and Economic Collapse

Interesting video, and while I can’t say I agree with all of the points made it’s still worth the watch. Once you understand that the money banks loan out isn’t really an asset but is in fact a piece of legal fiction it should be clear that you are working for these banks for free. …

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Dec 07

US Economy, still circling the drain as more layoffs announced

grinch layoffs

This just in, the US Economy continues to circle the drain. While talks over the Fiscal Cliff continue to dominate the press more hardworking citizens are finding out that they will not have a job after the Christmas Season. Children will be opening presents happily while parents attempt to hide the fact that underneath the …

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Nov 16

Obama 2.0 & the Fiscal Cliff: Implications for America

A good video from the Schiff Report last week.  Peter discusses the fiscal cliff, what is coming for America and our massive debt problem. We were able to take all of this cheap money, and go out and spend it, and buy more stuff we couldn’t afford with money we didn’t have and so Americans …

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Nov 09

How’s that whole “Economic Recovery” working out?

The Bobs

There are those on Capitol Hill and within the Mainstream Media who would have you believe we are in the midst of a glorious recovery. Things are getting better, people “feel” better, unemployment is dropping and the housing market is on the rise. Statements are issued to the press to reinforce their claims. “Today’s employment …

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Oct 25

The United States Budget Dilemma

This is kind of dry in that there is an accountant with a pretty terrible microphone narrating throughout the video.  However the facts are all there, he utilizes data directly from government sources in order to make his point (which might be a tad bit dated today but still very relevant).  This is one of …

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Oct 24

Eurozone downturn deepens, includes Germany

Germany is now fully engulfed by the Euro crisis and the dominoes continue their slow motion tumble.  If you are wondering why this even matters to those of us here in the US, here are a few reasons from an article published just today. Europe buys 22 percent of the goods America exports. U.S. companies …

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Oct 22

Inflation #1 concern among registered voters

Good video featuring Peter Schiff which aired last week.  He discusses how QE will lead to rising consumer prices (if you haven’t seen it already), and the under-reporting of figures by government agencies.  It’s always good to hear different perspectives on what is going on with our economy today, even though all you really need to do …

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Oct 20

Taxing the rich, fun facts for your dinner party.

The elections are right around the corner.  I know quite a few people who like to get into Facebook arguments (I don’t have FB by the way) or generally debate with people over hot topics, one of those being simply “asking the rich to pay a bit more” to help balance our budget.  For your …

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Oct 17

Balancing the Budget, a possibility or pipe dream?

Lots of talk about the need to balance the Federal Budget these days.  Arguments over cuts and raising taxes or some combination of both.  Here is a quick vid which summarizes just how unbalanced things really are when you take a look at the credits and debits of our Federal balance sheet.  This is important …

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Oct 16

History Lesson: The Crash of 1929 & The Great Depression

Quite often It becomes necessary to examine the past so we do not repeat the same mistakes in the future, this is an accepted practice and a widely shared sentiment.  Unfortunately for most of us, given the current conditions of our global economy, I believe we should examine the past so we know what to …

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Oct 07

Riots in Spain over austerity, this is becoming more common.

This video is a couple weeks old but clearly shows what happens when a country has to pursue austerity.  What is austerity you ask?  This article it up rather nicely. Several thousand people marched in downtown Madrid on Saturday to protest austerity measures they say will lead to cuts in cherished national health care and …

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Oct 02

Debt, deficit, taxes and beer math.

US Government Debt Deficit Chart on Prepper

With the election happening in about a month there is more talk than usual about the US Budget, cutting the deficit and National Debt. Monetary units of measure like Billions and Trillions are thrown around on television so much these days that people have become desensitized to them. The term debt is used rather loosely …

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Sep 18

Welcome to the Third World, Part 6: Portraits of a Quiet Depression

by John Rubino Last month I took a long, winding West Coast trip, partially for work and partially to see some old friends. It was…shocking. Almost without exception the old friends are having money or career troubles, in some cases catastrophically so. Most, to one degree or another, have lost the lifestyles they once saw …

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Sep 17

The Magnitude of the Mess We’re In

by George P. Shultz, Michael J. Boskin, John F. Cogan, Allan H. Meltzer and John B. Taylor The next Treasury secretary will confront problems so daunting that even Alexander Hamilton would have trouble preserving the full faith and credit of the United States. Sometimes a few facts tell important stories. The American economy now is …

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Sep 13

QE3 aka Quantitative Easing, or a gift from the money fairy.


With all the discussion of QE3 today and the hype leading up to it, I thought to post up a link to an informative video which breaks down what QE is.  It’s ironic that Ranger W posted an article yesterday about inflation, and now we are faced with even more of it thanks to QE3. …

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