U.S. Is Bankrupt IMF Demands Doubling Taxes

The IMF is reporting that the United States is bankrupt and must double taxes and gut domestic spending to reestablish fiscal stability. The report looks at social programs but ignores the massive corporate welfare handouts and trillion dollar annual homeland security/defense budget.
Let’s get real. The U.S. is bankrupt. Neither spending more nor taxing less will [...]

IMF Plans Global Currency – Game Over For Dollar

The United States government is able to finance its deficit spending because the U.S. dollar is the worlds reserve currency. If the dollar is dumped as the reserve currency America’s debt is due and future generations are forced to live within a budget.
Remember we invaded Iraq this last time around when Saddam threatened to take [...]

Corporations Cut Workers Pay To Maintain Record Profits

Strange how corporate profits are at a record high and the stock market continues to boom as American workers are mired in long term unemployment. Now we find out that those profits are being driven by pay cuts…up to 20% in some companies. Multinational corporations are using the depression to drive American workers wages to [...]

Booming Foreclosure Rate Threatening All Americans

You may be able to make your house payments but the mortgage crisis can still impact your family.  Desperate homeowners facing eviction many times resort to crime seeking money to keep the roof of their families head.  This is especially true in areas with high unemployment.
Households across a majority of large U.S. cities received more [...]

Bernake Says American Economy Doomed – MSM Covers Race Issues

Today Fed Chairman Ben Bernanke basically said the “recovery” doesn’t exist and America’s economic future is doomed. The man responsible for the economic recovery in the United States has written it off. On this day of economic revelation what do the three major news networks talk about for the entire day?
Blacks and whites don’t get [...]

American Consumers Blamed For Stalling Economic Recovery

Coming off the stunning propaganda success of blaming the unemployed for America’s staggering unemployment, the corporate controlled media (MSM) now makes the consumer the “villain” responsible for the Great Depression II.  The MSM is blaming the American consumers for not living up to their sole purpose in life, which of course is to endlessly and [...]

Real Unemployment Rate 28.6 Percent

I really don’t know which I consider worse. That our government would lie about the unemployment rate to win an election. Or that our government would lie about the unemployment rate so we will buy more 52 inch flat screens from China.
America is not in an economic recovery! The jobless rate is going to continue [...]

Central Banks Abandoning The U.S. Dollar

If the U.S. dollar is no longer the reserve currency the government cannot continue the orgy of deficit spending. Taxes will skyrocket on the few remaining America workers to support our trillion dollar a year military and corporate handouts. Programs like public schools, food stamps and unemployment are chopped.
A new report from Morgan Stanley analyst [...]

Unemployment Greatest Threat To Your Family

The unemployment safety net not only protects the displaced worker from hunger and homelessness but also ensures that working Americans do not face daily threats from the desperate poor. Those who have given up hope and are facing starvation will turn to violence and theft to provide for their families.
The number of families killed by [...]

PROPAGANDA ALERT: Wall St. Hiring in Anticipation of an Economic Recovery

This is an obvious piece of propaganda. The banking industry made record profits in 2009. Since February 2010 all the big New York banks have hired 2000 people back…I remember just a year ago when Citi Bank laid off 64,000 employees in the United States in one month.
Wells Fargo just announced Friday that they would [...]

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