Pennsylvania Secretary of Public
welfare has put out a slide showing how the state’s
assistance programs have become a very real
disincentive:
The single mom is better off earning gross
income of $29,000 with $57,327 in net income
and benefits [paid] than to earn gross income
of...
Currency Wars Will Lead to a World War: Gerald Celente
Another one crying "Wolf"?
Any substance to his logic of History repeating itself?
Currency Wars Will Lead to a World War: Gerald Celente | Daily Ticker - Yahoo! Finance
http://www.youtube.com/watch?v=G7WLCEUi7vk
This video is a few years old but its really interesting so I wanted to post it here. Has anyone watched this? Its very insightful, and Michael Ruppert, who has some CIA background, has predicted a lot of events that are beginning to unfold such as the...
Olive Garden, Red Lobster, Papa John's and one major Aplebee's Franchisee have already announced that they will either be drastically cutting hours available to non-exempt (hourly) employees or not hiring any new employees at all.
I seem to remember many of us saying the negative impact...
The debt ceiling will be raised again before the end of 2012. :coffee:
Debt Ceiling Likely to be Raised Without Fanfare This Time
Greenspan: Notion of Debt Ceiling Makes No Sense
This was part of the same recording where he talked about 47% of voters being dependent on the government(actually around 68% if you include military spending and all federal employees).
Romney: "[The] former head of Goldman Sachs, John Whitehead, was also the former head of the New York...
Moody will be following suit in the coming days.
The Fed is tanking the dollar folks. Hard assets are where it's at.
QE3 Sparks U.S. Credit Ratings Downgrade From Egan-Jones | Fox Business
An unsettling article regarding Richard Duncan's prognosis of an economic death spiral regarding the United States' Welfare State.
Economist Richard Duncan: Civilization May Not Survive 'Death Spiral' - Money Morning
Net interest on the national debt will be $778,000,000,000 per year and rising in 2020... 8 years away.
By 2020 Interest Payments Will Be Greater Than The Budget Deficit | ZeroHedge
We have several million people in this country totally dependent on government for their existence.
Many or most of them do not and cannot see any other way to live.
When, eventually, the economy can no longer support them in the style to which they have become accustomed, they will become...
Fed's Latest Easing Could Cost $1 Trillion: Economists
Now you know why the maket has been on a tear.
I suppose you will be OK as long as you have a decent size 401K account.
Fed's Latest Easing Could Cost $1 Trillion: Economists - Yahoo! Finance
Senate OKs $1T budget bill, payroll tax cut - Yahoo! News
Since Congress for the "who know how many, too many to count" time failed to pass a budget for 2012 (they did not pass one for FY2011, we are now in FY2012 with no budget and they should be working on the FY2013 on but are not) they...
Here is a simple way to look at the current US debt.
• U.S. Tax revenue: $2,170,000,000,000
• Fed budget: $3,820,000,000,000
• New debt: $ 1,650,000,000,000
• National debt: $14,980,000,000,000
• Recent budget cut: $ 38,500,000,000
Remove 8 zeros and pretend it’s a household budget...
Ron Paul is issuing a bold new plan to get the Federal budget balanced in his 1st term.
His 1,000,000,000,000 - 5 - 39,336 Plan will:
zero foreign aid
eliminate 5 cabinet level departments (Energy, Education...)
bring the troops home
eliminate capital gains taxes
eliminate dividend taxes...
10 Scary Numbers Out Of Europe
It took the FEDs TARP + QE of about 10 trillion dollars to prevent the total collapse of US financial system about 2 years ago. Anyone cared to guess what it will take to stop the European contagion?
Fading The Rally: 10 Scary Numbers Out Of Europe - Seeking Alpha
Supposedly this is going down October, 10th. How in the world would they pull something like that off?
Anonymous Threatens to 'Erase NYSE from the Internet' | News & Opinion | PCMag.com