Nearly 1 Out of 3 Americans Not Working
The Total Number of Americans Not in the Labor Force is over 92 million~ about 1/3 of the population. The latest official government statistics put the unemployment rate in the U.S.
Money
A Shocking Percentage Of Americans 50-64 Haven’t Saved A Dollar For Retirement
A deeply disturbing survey reveals how severe the retirement crisis in the U.S. truly is.
The Seven Year Cycle Of Economic Crashes That Everyone Is Talking About
Large numbers of people believe that an economic crash is coming next year based on a seven year cycle of economic crashes that goes all the way back to the Great Depression. What I am about to share with you is very controversial. Some of you will love it, and some of you will think that it is utter rubbish.
Foreign Ownership of U.S. Government Debt Passes The 6 Trillion Dollar Mark
For the first time in the nation’s history, foreign interests now own more than $6 trillion in U.S. government debt, according to the most recent Treasury Department report on major foreign holders of the debt, which includes the numbers through the end of June.
Student debt becoming a larger albatross for economic growth: $1.2 trillion in student debt is outstanding and many college graduates working in jobs that don’t require their degree
There was a time when going to college made sense in every feasible way. It made sense professionally, economically, and many college graduates have a wonderful time in the process of completing their degrees. Most would argue that learning is vital in growing and moving forward.
Latest Housing Numbers Reveal Disturbing Trends
There was much celebration regarding the jump in July housing starts and permits, which literally blew away Wall Street expectations, being the highest since November 2013. So is this the housing recovery everyone’s been waiting for? Sadly, no, because one glance at the internal numbers reveal that virtually all of the surge higher was due to a big jump in multi-family starts.
Will gold and silver really be good investments when the financial system collapses?
Is silver really a good investment for barter? Should you invest in silver or gold for a safety net in case the economy gets worse? I’m going to go over the pluses and minuses of each and tell you what I think.
Cyberattacks: Perpetual state of siege for U.S. companies
The financial industry — indeed, most of the business world — works within a state of almost perpetual cybersiege at a level few consumers grasp. And the costs and dangers are growing for those who seek to protect their assets and their customers. “The constant barrage of attacks is real,” says J.
JPMorgan Warns Military Escalation In Ukraine ‘May Lead To A Lehman-Style Shock’
The sudden military escalation in Ukraine in recent days has, according to JPMorgan’s Alex Kantarovich, reduced the earlier hopes that the high level meeting in Minsk on 26 August would help to defuse the conflict. As Kantarovich warns, the markets are now bracing for the US/EU responses. In the worst case scenario, now appearing more likely, severe pressure on stocks may extend.
The Next Generation Will Have It Worse, Most Americans Say
Employers have been creating jobs at a good clip this year, but Americans are too exhausted and discouraged by the pain of the recession and slow recovery to see much cause for optimism. That’s the conclusion of a new report surveying the economic sentiment of workers, released Thursday by the John J. Heldrich Center for Workforce Development at Rutgers University.
Cyprus-Style Account Seizures Coming To A Bank Near You
It’s bad enough that you don’t make any interest holding your money in a checking or savings account at the bank. But at least it’s safe, right? Not so much, as Federal Reserve Vice Chairman Stanley Fischer announced this month that instead of banks receiving bail-out money (from taxpayers) when they experience financial problems, they have now planned for a bail-in (by depositors and investors).
Big Wall Street Banks Admit That A Cyberattack Could Crash Our Banking System At Any Time
Wall Street banks are getting hit by cyber attacks every single minute of every single day. It is a massive onslaught that is not highly publicized because the bankers do not want to alarm the public. But as you will see below, one big Wall Street bank is spending 250 million dollars a year just by themselves to combat this growing problem.
Fed Vice Chairman Warns: Your Bank May Seize Your Money to Recapitalize Itself
At the height of the financial crisis in 2008 the U.S. government forced some of the countries largest banks to take “bailout” funds amounting to billions of dollars in order to keep them from going bankrupt.
Two experts warn stock market correction could total 60 percent
Markets could soon face a fall of up to 60 percent, two experts told CNBC on Wednesday. A jolt to international confidence in central banks will lead to a 30 to 60 percent market decline, David Tice, president of Tice Capital and founder of the Prudent Bear Fund, told CNBC’s “Power Lunch.” When this happens, he said, markets will face a “period of extreme turmoil.
The Nail In The Petrodollar Coffin: Gazprom Begins Accepting Payment For Oil In Ruble, Yuan
According to Russia’s RIA Novosti, citing business daily Kommersant, Gazprom Neft has agreed to export 80,000 tons of oil from Novoportovskoye field in the Arctic; it will accept payment in rubles, and will also deliver oil via the Eastern Siberia-Pacific Ocean pipeline (ESPO), accepting payment in Chinese yuan for the transfers. Meaning Russia will export energy to either Europe or China, and receive payment in either Rubles or Yuan, in effect making the two currencies equivalent as far as the Eurasian axis is conerned, but most importantly, transact completely away from the US dollar thus, finally putin'(sic) in action the move for a Petrodollar-free world. More on this long awaited first nail in the petrodollar coffin from RIA:
IMF chief Christine Lagarde charged with ‘negligence’ over graft case
IMF chief Christine Lagarde, one of the world’s most powerful women, announced Wednesday she had been charged with “negligence” over a multi-million-euro graft case relating to her time as French finance minister. The shock announcement came a day after she was grilled for more than 15 hours by a special court in Paris that probes ministerial misconduct, the fourth time she has been questioned in a case that has long weighed upon her position as managing director of the International Monetary Fund. “The investigating commission of the court of justice of the French Republic has decided to place me under formal investigation,” she said in exclusive comments to AFP.