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Failure to reach fiscal cliff deal could bring milk prices to $8 per gallon?(0)
Americans are in danger of having insult added to the injury of a fall from the fiscal cliff — milk prices could rise to as much as $8 a gallon if Congress does not deliver a farm bill fix. Read More |
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Top French court overturns 75 percent tax rate for rich(0)
French President François Hollande was dealt an embarassing blow on Saturday when the country’s highest legal body scrapped his controversial 75 percent upper income tax rate. The Constitutional Council announced it was overturning the 75 percent bracket on income over 1 million euros ($1.32million) because it was “excessive” and represented a “breach of equality of taxes.” Read More |
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16 Things About 2013 That Are Really Going To Stink(0)
Michael Snyder The beginning of the year has traditionally been a time of optimism when we all look forward to the exciting things that are going to happen over the next 12 months. Unfortunately, there are a whole bunch of things about 2013 that we already know are going to stink. Read More |
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U.S. to Hit Debt Limit On 12/31/12(0) The Treasury on Wednesday announced the first of a series of measures that should push back the day when the government will exceed its legal borrowing authority as imposed by Congress by around two months. Without any action, Treasury said the government is set to reach its $16.4 trillion debt ceiling on December 31. Read More |
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Say Goodbye To The Good Life(0)
Will this be the last normal holiday season that Americans ever experience? To many Americans, such a notion would be absolutely inconceivable. After all, in the affluent areas of the country restaurants and malls are absolutely packed. Beautiful holiday decorations are seemingly everywhere this time of the year and children all over the United States are breathlessly awaiting the arrival of Santa Claus. Read More |
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Foreign Holdings of US Debt Hit Record $5.48T(0) Christopher S. Rugaber Foreign ownership of U.S. Treasury securities rose to a record level in October, a sign that overseas investors remain confident in U.S. debt despite a potential budget crisis. Read More |
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15 Signs That The Economy Is Rapidly Getting Worse As We Head Into 2013(0) By Michael Snyder How can the mainstream media claim that the U.S. economy is “improving” when it is painfully obvious to anyone with a brain that the middle class is being absolutely eviscerated? Read More |
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Germans hoarding mountains of gold(0) Like Scrooge McDuck or the dragon Smaug in J. R. R. Tolkien’s The Hobbit, Germans are gathering vast quantities of gold – a study showed that the average German owns close to €6,000 worth of the shiny metal. Read More |
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We Are Witnessing The Death Of Small Business In America(0) Michael Snyder Historically, small businesses have been the primary engine of new job creation in the United States. If the economy was getting healthy, we would expect to see the number of jobs at new businesses rise. Instead, we are witnessing just the opposite. We are told that the economy is supposed to be “recovering”, but the number of “startup jobs” at new businesses has fallen for five years in a row. Read More |
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55 Reasons Why California Is The Worst State In America(0) Michael Snyder Why in the world would anyone want to live in the state of California at this point? The entire state is rapidly becoming a bright, shining example of everything that is wrong with America. It is so sad to watch our most populated state implode right in front of our eyes. Read More |
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The Cashless Society is Almost Here – And With Some Very Sinister Implications(0) Patrick Henningsen Among the long list of items bundled by consensus reality merchants under the banner of ‘conspiracy theory’, is a world without cash – where technocrats rule over the populace, and everything and anything is exchanged via plastic and RFID chips. Read More |
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Dollar Deception – How Banks Secretly Create Money(0) It has been called,
The creation of money has been privatized, usurped from Congress by a private banking cartel. |
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CBO: Feds Borrowing $4.8 billion Per Day in FY 2013, So Far(0) Matt Cover The federal government ran a deficit of $292 billion for the first two months of fiscal year 2013 – October and November 2012 – amounting to $4.8 billion of borrowed money each day. Read More |
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Goldman Trader Hid $8.3 BILLION Trading Position, Caused Loss Of More Than $100 Million(0) Julia La Roche The Commodity Futures Trading Commissionsaid in a release that a former Goldman Sachs trader hid an $8.3 billion trading position causing Goldman to lose more than $100 million unwinding the position. Read More |
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Greece jobless rate up to record 26%(0)
Greece’s unemployment rate rose to a new record of 26 percent in September, underscoring the economic plight in the country as it heads toward a sixth year of recession. Read More |

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