Blog Archives

Alan Greenspan Warns Rising Entitlements 'Extremely Dangerous' for Economy

greenspan

While markets hone in on the Federal Reserve’s monetary policy hints, former Fed Chairman Alan Greenspan sees a bigger economic irritant—government spending. On Wednesday, Greenspan decried a rise in entitlement costs, which he contended have pressured the U.S. economy. “To

Posted in Economics, Government

Bernie Sanders Campaigns on $15/Hour Minimum Wage; Pays His Interns $12/Hour

Bernie Sanders

Bernie Sanders wants to raise the federal minimum wage to $15 an hour, but he sees fit to pay his interns only $12 an hour. You might say, “$15, $12, what’s the difference?” Well, $3 to be exact. In a

Posted in Economics, Liberal Hypocrisy, Politics

China Just Dumped Over Half a Trillion US Dollars; What's Going On?

china dumps dollar

We’ve recently reported that China is preparing for something very big in currency markets this October. We then learned that economic models from two very well known financial forecasters are predicting that governments around the world will run into serious

Posted in Economics, World News

Major Chain Stores Shutting Down as America Faces 'Birth Pangs of Retail Apocalypse'

jcpenney

Reduced consumer spending is heralding a looming economic downturn, if not collapse, with an unprecedented shutdown of major box stores, restaurants and grocers underway. It doesn’t bode well for the millions of Americans who are already seriously struggling, and will

Posted in Business, Economics

Fed Chairman Doesn't Want Lawmakers to Question Central Bank's Practices

yellen

Federal Reserve Chairwoman Janet Yellen urged lawmakers to tread lightly when it comes to overhauling the central bank, warning that proposed changes could undermine its ability to support the economy. In prepared testimony, Yellen will tout the Fed’s own efforts

Posted in Economics, Ethics, Law

Obama Pressures European Union to Continue Bailing Out Socialist Greece

obama merkel

With Greece on the abyss of a disorderly exit, US president Barack Obama made his first personal intervention in the crisis talks for months on Tuesday night. The US president spoke to Mr Tsipras and Ms Merkel before leaders gathered

Posted in Economics, Taxes, World News

Democrat Disaster! Chicago Schools Fire 1,400 Workers to Fund Pensions!

godfather

About 1,400 Chicago public school teachers and staff are expected to lose their jobs in order to finance a pension debt of $634 million, the city announced Wednesday. The layoffs are part of an aggressive $200 million budget cut to

Posted in Economics, Education, Taxpayer Waste

Why You Shouldn't Believe the 'Unemployment Rate' Claimed by Government

unemployment rate lies

So, the government tells us the unemployment rate is just over 5%. These are the same people who told you “if you like your doctor, you can keep your doctor”… that the attack on the Libyan embassy was a “spontaneous

Posted in Economics, Government, unemployment

Report Claims Central Banks Have No Resources for Next Financial Crisis

stock market crash1

By keeping interest rates so low, central banks have no tools left when the next financial crisis hits, according to a Bank of International Settlements report. Since Puerto Rico and Greece are both in the news this week, as they

Posted in Economics, Government, National Security

Treasury Secretary Warns Greek Debt Crisis Could Destabilize US Financial System

lew

US Treasury Secretary Jacob Lew warned Congress on Wednesday that foreign turmoil, such as Greece’s debt crisis, could destabilize the US financial system. “In today’s globally integrated financial markets, foreign shocks have the potential to disrupt financial stability in the

Posted in Economics, World News

Why are Billionaires Building Luxury Doomsday Bunkers?

billionaire bunker

For the very first time, a modern day Noah’s Ark has opened its doors for an exclusive inside look offering up plans for the ultimate Billionaire bunker and doomsday escape. Vivos founder and CEO Robert Vicino announced Vivos Europa One

Posted in Economics, National Security

Billionaire Predicts Wealth Gap Will Fuel Social Unrest

cartier

Johann Rupert, the South African who has made billions peddling Cartier jewelry and Chloe fashion, said tension between the rich and poor is set to escalate as robots and artificial intelligence fuel mass unemployment. “We cannot have 0.1 percent of

Posted in Economics, National Security

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