The Single Greatest Bank Heist In History

It was a global heist as banks and investment banks plundered their investor's money on vast inane investments to line their own pockets. Then in 2008 and 2009 when those investments collapsed, those firms got bailed out with taxpayer money and at 100 cents on the dollar.

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The U.S. Fed: Unintended Consequences Of Its Actions

To try to solve the U.S. unemployment and under-employment problem impacting 25 million Americans and their families, the Fed announced it will start buying U.S. mortgage securities of up to $40 billion a month, indefinitely. It will also keep interest rates at near zero until at least 2015. And it will create as much money as necessary to do these things. This Fed announcement sent stock markets soaring for investors love bailouts.

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How Can One Fix An Economy That Is Not Broken?

In the U.S. the Democrats and Republicans each claim they can "fix the economy," as they argue over who should receive tax cuts. There is talk of more Fed "intervention" and of relatively modest cuts in government spending to "reduce the deficit." But these half-hearted attempts to "fix" the economy will fail for the economy isn't "broken." Reality is the U.S. and global economies are no longer viable in their current forms.
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Why The U.S. Government Won't Be Able To Pay Its Bills

 The U.S. government is far down the path to defaulting on its debt which will trigger a U.S. financial collapse, the likes of which the U.S. has never seen before. It will bring catastrophic results to all of us Americans, with devastating impact on people all over the world.

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The Value Of Your Money

Since 1944, the U.S. dollar has been the world's reserve currency, the foundation behind all other currencies. But as the U.S. continues to spend vast sums it doesn't have, the value of its money is steadily declining.

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How To Keep Your Job And Get Ahead In A Bad Job Market

Job markets are bad all over the world. In the U.S. we have 14 million officially unemployed but in all we have another 8 to 10 million people who are no longer counted because they have been out of work too long or who are underemployed. The purpose of this piece is to help you keep your job and get ahead in a bad job market. Here are 10 crucial steps you can take:

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What Is It Like To Live In A Collapsing European Economy?

As Spain's economy is collapsing, families are rallying to support one another in such difficult times. And what impacts them will eventually impact all of us for no national boundaries can prevent it. In the end, they are us and we are them and their pain will touch each of our hearts.

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A Coming Financial Collapse Worse Than Lehman Bros. On Steroids

On Friday (7/27/12) the U.S.'s and some of the other stock markets soared for the second straight day based upon a joint German and French announcement promising to save the euro and presumably rescue nations like Spain and Italy sinking in their own debts.

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How You Will Be Affected By The Coming Collapse Of The European Economies

Dear Reader, the purpose of this piece is not to alarm you but to help keep you informed, as the global economy grows weaker.

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Protecting Yourself As The U.S. Jobs Market Dims

Yesterday, the U.S. Labor Department announced the nation added 80,000 jobs in June, and 225,000 jobs the prior quarter. While that may seem like a lot of jobs, these are the worst jobs numbers since 2010, and in the U.S. it takes about 125,000 jobs a month just to keep up with all the people who enter the work force, let alone providing jobs for those out of work.

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How To Protect Yourself From The Sinking Global Economy

Dear Reader, the following is not meant to alarm you but to inform you so you can take whatever actions you feel are appropriate. But whatever you do, please take actions that will uplift your spirit, not drain your energy.

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A $40 Billion Business Lesson

Four years ago when the Bank of America (B of A) paid $2.5 billion for Countrywide Savings, then the U.S.'s biggest home mortgage lender, it believed it had made a memorable deal. B of A was right, for the deal is now so memorable, it has now lost $40 billion from that deal and it's losses continue to mount. What can we learn from that horrific transaction:

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Has The Euro Zone Financial Crisis Just Ended?

Has the Euro Zone financial crisis ended? It would appear so, as late last week, global stock markets soared based upon assurances from the Euro Zone that they will work more closely together to solve their financial problems and commit more money to cover the obligations of financially troubled nations such as Greece, Spain and Italy.
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U.S. Home Prices Will Continue To Tumble

With a vast oversupply of housing for sale, U.S. homes prices keep falling. And in many markets, half the sales are foreclosures or short sales, meaning owners have to write-off their equity and lenders have to write-off a portion of their mortgage amounts to complete a sale.

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Greece Will Default On It's Debts, Renewing The European Debt Crisis

Each time the European Central Bank and the International Monetary Fund tell investors the crisis is over, they are proven wrong. Greece, Ireland and Portugal are deeply in debt and the bailout each of them received is onerous and will eventually force them each to default.

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What Does The Current U.S. Corporate Rush To Borrow Money Tell You?

It tells you they anticipate higher interest rates once the U.S. Fed in June ends its massive stimulus plan and they want to secure all the cheap money they can now.

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If controlling government debt can save the economic health of the country, what's the plan?"

The fight is over whether or not to expand the debt ceiling to stop Congress and the President from continuing their reckless spending. Superficially it appears the Republicans will draw the line. No big budget cuts, no approval for a higher debt ceiling. Don't be fooled, both parties need the spending to continue and the cuts they discuss are far too small. Here is how their reckless spending will effect you:

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Why Home Prices Will Continue To Fall

U.S. home prices last quarter posted their sharpest drop since 2008, falling 3% even from the prior quarter. And the fall in home prices is accelerating. Why?

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How The Fall Of The U.S. Dollar Effects You

On Friday, (4/29) the U.S. dollar sunk yet again, hitting lows not seen since the summer of 2008. In fact, in 2011 alone, the dollar has lost 8% of its value against a basket of other major currencies. How will this effect you?
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Why Gold Hit U.S. $1,556 An Ounce, A New Record

On Friday, 4/29 gold hit a new high at $1,556 up $25.20. It happened because many of those who can afford to buy gold see the U.S. dollar continue to lose its value and they are seeking a hedge. They are acting out of fear and their fears are well founded.
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