The Financial Condition of American Families Will Blow Your Mind

07-25-2011 • Businessinsider.com

The average American household is carrying $75,600 in debt

The Coming Hyperinflation - by Jim Davidson

07-24-2011 • The Libertarian Enterprise

People have been anticipating it for some time. Now one can see it happening. And it looks like it is going to get worse. Entering the financial crisis in 2009, the Federal Reserve began creating money like nobody's business. The graph above illustr

The "High End" Bubble

07-22-2011 • ZeroHedge.com

“The swings in purchases of fuel and food have been “dramatic,” Tavares said. The volume of gasoline purchases placed on credit cards jumped 39 percent last month from a year earlier, compared with a 21 percent increase in June 2010...

The Four Horsemen of The Middle Class Apocalypse

07-22-2011 • MyBudget360.com

The rising cost of college and lack of income growth has pushed many students into massive amounts of debt. Many older Americans like to talk about the days when they went to college and paid for their schooling with a part-time job.

Paul Craig Roberts: An Economy Destroyed

07-22-2011 • CounterPunch.org

There is no budget focus on the illegal wars and military occupations that the US government has underway in at least six countries or the 66-year old US occupations of Japan and Germany and the ring of military bases being constructed...

The Federal Reserve: Our Policy Is To Steal From You

07-21-2011 • http://www.prisonplanet.com/

We know two things: 1) the official policy of the Federal Reserve is to engineer and maintain inflation and 2) inflation is theft.

Is Bank of America At Risk of a Death Spiral?

07-21-2011 • NakedCapitalism.com/

The authorities have grossly underestimated the severity of the housing crisis and are still refusing to confront some of its key elements, such as the broken servicing model and chain of title problems.

Penile Length Leads to Little Economic Growth

07-19-2011 • The Atlantic Wire

"Why are some countries rich and others poor?" Dive into all of the usual suspects behind economic growth--natural resources, technological innovation, savings rate--without mention of perhaps the most primal of measurements: penis size.

The Floating Dollar as a Threat to Property Rights

07-18-2011 •

TO BEGIN, consider one of the most important measures of property, the kilogram. It’s a measure of mass or, for non-scientific purposes, weight. According to the papers last week, a global scramble is under way to define this most basic unit after it

US Misery Index At 28 Year High

07-18-2011 • ZeroHedge.com

This must be another one of those things that accompany the American economy two years into the recovery...

Emanuel sends layoff notices to city workers in union showdown

07-15-2011 • Chicago Sun Times

Mayor Rahm Emanuel is sending layoff notices to about 625 city of Chicago employees — and delaying 61 blocks of curb and gutter improvements and 76 blocks of sidewalk repairs — after union leaders didn’t agree to work-rule changes the mayor wants or

Today on LewRockwell.com - Friday July 15th, 2011

07-15-2011 • lewrockwell.com

It Ain't Money - If they can't print it. Article by Peter Schiff. / The Phony Gold Standard - Beware it, says Robert Blumen. / How to Make Your Old Car Look New - Eric Peters on the little things.

July Consumer Sentiment Plunges

07-15-2011 • ZeroHedge.com

Today's bad economic data trifecta is complete, with the UMichigan consumer confidence number plummeting to 63.8 from 71.5, and well below consensus of 72.2. The number is far below the lowest Wall Street prediction of 68...

Map of The Day: Income Distribution Across the World’s 7 Billion People

07-15-2011 • Ritholtz.com

This interactive Nat Geo chart shows the distribution of income around the globe:

Behind Battle Over Debt, a War Over Government

07-15-2011 • NY Times

The endgame in the fight to increase the nation’s debt limit has only begun, but intense exchanges between the 2 parties made it clear this is not a negotiation over dollars as a broader clash between the 2 parties over the size and role of governmen

US Will Keep Paying Bondholders After Aug. 2: Bernanke

07-15-2011 • CNBC

"As long as possible, the Treasury would want to try to make payments on the principal and interest to the government debt, because failure to do that would certainly throw the financial system into enormous disarray and have major impacts on the glo

Today on LewRockwell.com - Thursday July 14th, 2011

07-14-2011 • lewrockwell.com

Piigs, Pressitutes, and the Global Meltdown - Gerald Celente on what's ahead, and why the media want to hide it. / Fibber for the State - Tom Woods on a top historian's ignorance or worse on American economic history. / Don't Question: Submit, Obey –

Poverty in America, Part I

07-14-2011 • OfTwoMinds.com/blog

The Power Elites' response--borrow and blow trillions to prop up the engine of their own wealth, the banks, borrow trillions from future taxpayers to maintain the current Status Quo, and devalue the U.S. dollar--have all failed to reflate housing...

Borders Book Stores on Brink of Liquidation

07-14-2011 • EconomicPolicyJournal.com

Borders designated a group of liquidators as the opening bidders in a looming bankruptcy-court auction amid difficulties getting publishers to relax terms under which they ship merchandise to the U.S.'s second-largest bookstore chain...

Irish bookmaker sets the line: Will US debt be downgraded and will the debt ceiling be raised

07-14-2011 • The Political Commentator

For all of you punters out there, Irish bookmaker Paddy Power has set the line on a US ratings downgrade by Moody's and on whether the US debt ceiling will be raised! If you are a follower of odds, then betting against the ratings downgrade and f

With no debt deal, Obama would face tough choices Aug. 3 about what bills to pay

07-13-2011 • Washington Post

What happens if President Obama and Congress don’t strike a debt deal? On Aug. 3, Obama forced to make a set of extraordinarily difficult choices about what to pay or not pay. By then, the president would be relying on daily tax revenue to pay the bi

Moody's blackmails GOP to keep the pork a flowing

07-13-2011 • Reuters

The United States may lose its top-notch credit rating in the next few weeks if lawmakers fail to increase the country's legal borrowing limit and the government misses debt payments, Moody's Investors Service warned on Wednesday. Moody's is the f

Ellen Brown on Why QE2 Failed

07-13-2011 • arclein

n June 30, QE2 ended with a whimper. The Fed’s second round of “quantitative easing” involved $600 billion created with a computer keystroke for the purchase of long-term government bonds. But the government never actually got the money, which went

Banks Should Die for Their Countries, Not Countries for Their Banks

07-12-2011 • http://lewrockwell.com/

In 1922, Greek armies trying to conquer western Anatolia were routed by Turkey's military leader, Mustafa Kemal Ataturk. Hundreds of thousands of ethnic Greeks were uprooted from Ionian coastal areas.

So How Many More Lies Will It Be?

07-12-2011 • Market-ticker.org

This campaign of lies is now running out of gas. The market is calling "Bull!" on everything that is being emitted from the so-called "authorities"...

Even Dollar Stores Struggling In ‘Obama Depression’

07-12-2011 • losangeles.cbslocal.com

While the demand at stores like the 99-Cent Store or Dollar Tree is still relatively high, the biggest chains in the nation have fallen short of Wall Street’s expectations for several months, a trend that may prove even more ominous...