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Arizona's Top News
The one American city that's almost beaten the war on inflation - and why prices are rising...
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Economy - Economics USA
Doug Casey on the Relentless Rise of Taxes, Regulations, and Inflation
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Economy - Economics USA
Retail Sales Fall Flat, Are Consumers About to Throw in the Towel?
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Economy - Economics USA
Under Armour Approves Restructuring, Warns Of Collapse In Clothing Demand As Buyback...
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Inflation
"About to Get Pinched" - Homeowners In Trouble As More Mortgages Under Water Due To Intere
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Economy - Recession-Depression
Tens Of Millions Of Americans Are "Trapped" In An Endless Cycle Of Debt...
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Economy - Economics USA
First ATM, Now Debt-For-Equity Swap, AMC Drains Equity In Bid To Stay Alive
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Federal Reserve
Credit card delinquencies surge, almost 1 in 5 users maxed-out: Research
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Federal Reserve
Record Household Debt, Jump In Delinquencies Signal "Worsening Financial Distress", Fed Wa
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Inflation
Out Of Control Inflation: It Now Takes At Least $177,798 For A Family Of 4 To Live Comfortably...
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Business/ Commerce
Red Lobster to abruptly shut dozens of restaurants as it considers Chapter 11 bankruptcy
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Economy - Economics USA
1 Comments in Response to State and Local Budget Crisis Black Swan
If Congress keeps printing and borrowing money to extend and pay unemployment benefits to persons not producing, the dollar could become worthless.
It is expected Obama might try to offset U.S. Government's huge deficit spending and borrowing by inducing inflation, effectively stealing Americans savings. Seniors and others on fixed incomes would be thrown under the bus. Inflation added to the current huge interest cost paid on U.S. accumulating debt would strangle Citizens and the U.S. economy with unfathomable higher taxes; unprecedented unemployment would follow, as Citizens’ discretionary income evaporated to purchase goods and services that create jobs.
While the press has not discussed it, Obama’s health care bill will force unaffordable health insurance costs on Americans that will increasingly disqualify home buyers getting home mortgages. Many homeowners will not be able to pay both health insurance premiums and their mortgage. Obama claims he wants to stop the huge number of home foreclosures, but costs of forced health insurance will destroy most Americans’ largest single asset, their home equity as values drop because individual health insurance costs will disqualify millions of new home buyers getting loans. That could prove disaster because qualified mortgage borrowers are needed to stabilize homes values that now secure $Trillions in bank held mortgages. Consequently county governments will increasingly see lower property values causing less collected property taxes and will have to increasingly layoff government employees to stay within declining budgets.