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Greece collapse begins

greeks line up for ATMs

The PIGS (Portugal, Ireland, Greece and Spain) have been under scrutiny for months due to their unsupportable mountains of debt in comparison to their incomes – on Monday, Greece may be the first to go down. Despite Greek Priminister Tsipras’ plea for calm in this video: Greeks lined up to drain ATMs of every ounce of cash they contained.   Reports ...

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Do Capitalists Understand Basic Economics? Disney Doesn’t Appear To.

The American Chamber of Commerce and many domestic employers are letting all Americans down and negatively impacting our economy by firing domestic employees and hiring foreign replacements. They threaten their own future profits and business prospects as well as the nation’s welfare. The misuse of the H-1B visa program and other failings has for some time been used to get ...

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What We Need From Our Next President

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As the pool of aspiring presidential candidates grows by the day, one can’t help but hope that the electorate’s appetite for economic improvement under a term or two of a new president will likewise increase. After eight years of burgeoning government hegemony, diminution of personal liberty, assault on the free enterprise system and middle class family incomes, the last thing ...

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Consider the Economic Situation We’re In

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Some say another collapse is soon to come, others praise the approaching uptrend of commerce and opportunity, but the truth .. is about the situation we’re already in. The United States Federal Reserve sets monetary policy for the nation. They have  had interest rates at 0% for many years. The Fed has also been dumping a ton of cash into the ...

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Younger Worker Unemployment at 13.6% in May

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The government came out with May jobs numbers that sounded amazing – but for whom? Generation Opportunity, a national, non-partisan youth advocacy organization, is announcing its Millennial Jobs Report for May 2015. The data is non-seasonally adjusted (NSA) and is specific to 18-29 year olds: The effective (U-6) unemployment rate for 18-29 year olds, which adjusts for labor force participation by ...

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The True U.S. Economy Most Ignore – Powerful Note from the Middle Class

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The Wall Street Journal published a blog post entitled “A Letter to Stingy American Consumers” that was obviously a tongue-in-cheek poke at why consumer demand is so weak in the “recovery” that the fed and Obama officials pretend is happening. The post was truly sataristic in nature so no fault is placed on WSJ for the article, but it does point ...

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Lots of Weak Economic Data Today

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The latest economic reports show a slowing in the U.S. economy that “experts” had failed to see coming. Today, the National Association of Realtors released their report on the sales of existing homes. The number of previously-owned homes that sold dropped 3.3% where analysts had expected a slight increase. Unemployment filings increased more than expected last week according to a report released ...

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Deflation – but not why some say

The U.S. economy is beginning to swirl around the drain as a catastrophic bout of deflation may be rearing it’s ugly head. But it’s not due to Americans’ unwillingness to spend. CNBC’s Alex Rosenberg surmises that the coming deflationary spiral is a failure of the fed’s policies to get Americans to spend more: This despite years of ultra-loose monetary policy, which ...

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The Secret Bank of England

With the enactment of the privately owned central bank, the Bank of England provided the model for the financial enslavement of governments, and their citizens. Well before the conflict for establishing a National Bank in America or the eventual surrender to the money changers with the betrayal in instituting the Federal Reserve, the history of the Bank of England needs ...

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What is the Trans-Pacific Partnership?

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While the Trans-Pacific Partnership (TPP) has been in the works for a decade, only recently has it become front-page news. What is it about the TPP that so many find objectionable? What is the TPP trying to accomplish? The TPP has been negotiated in near-secrecy for a decade so its exact aims are difficult to discern. Some key objectives have ...

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Retirement is Just a Dream

Retirement “Just a Dream” for Many 6 out of 10 believe they’ll never see a social security check WASHINGTON, DC, May 8 – America’s workers are too busy looking for jobs to think much about the prospects of retiring. One of the longest, slowest and weakest post-recession recoveries has decimated the work force. Record numbers of people have stopped looking ...

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Wholesale Inventories and Sales Miss Expectations

The Commerce Department reported today that wholesale inventory growth is slowing and that wholesale sales have dropped yet again. Wholesalers are the folks that sell stuff to the retailers that sell stuff to every day Americans. When consumers buy more stuff, retailers buy more stuff from wholesalers and the wholesalers then buy more stuff and increase their inventories – that’s not ...

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April Employment Report: Jobs Situation Still Sucks

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The Bureau of Labor Statistics released their Employment Situation Report for April and there was no good news in it – at all. The report pushed to the headline the usual artfully constructed numbers – last months job creation and the unemployment rate. Total nonfarm payroll employment increased by 223,000 in April, and the unemployment rate was essentially unchanged at ...

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ADP: April Showed Slowest Hiring in Last 18 Months

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Payroll processor ADP reported that companies hired at the slowest rate in the last 18 months. Hardest hit were manufacturing jobs. More than 10,000 jobs were lost in the sector. Losses are attributed to a strong dollar making American goods too expensive overseas and to cuts in oil and gas drilling in the U.S. ADP said that businesses added just ...

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