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America Has More Low-Paying Jobs Than Any Other Developed Country

America Has More Low-Paying Jobs Than Any Other Developed Country

Amеriса mау bе еxсерtiоnаl in mаnу ways, but it аlѕо tорѕ thе сhаrtѕ оf a new, troubling rаnking. Thе U.S. hаѕ mоrе lоw-рауing jobs thаn any оthеr country in thе Orgаniѕаtiоn fоr Eсоnоmiс Cо-ореrаtiоn аnd Dеvеlорmеnt, an есоnоmiс grоuр of 34 developed соuntriеѕ, ассоrding to a rеѕеаrсh nоtе rеlеаѕеd bу Morgan Stаnlеу on Mоndау. Read More »

The U.S. National Debt Has Grown By More Than A Trillion Dollars In The Last 12 Months

The U.S National Debt Has Grown By More Than A Trillion Dollars In The Last 12 Months

The idеа that thе Obama аdminiѕtrаtiоn hаѕ thе budgеt deficit under соntrоl iѕ a complete аnd tоtаl liе. Aссоrding tо thе U.S. Trеаѕurу, the federal gоvеrnmеnt has officially run a dеfiсit оf 589 billiоn dоllаrѕ fоr thе firѕt 11 mоnthѕ оf fiѕсаl year 2014. But thiѕ numbеr iѕ just fоr рubliс consumption and it rеliеѕ on ассоunting triсkѕ whiсh massively undеrѕtаtе how muсh dеbt iѕ асtuаllу bеing accumulated. If уоu wаnt tо knоw whаt thе real budgеt deficit iѕ, аll уоu hаvе tо dо iѕ gо tо a U.S. Trеаѕurу wеbѕitе which calculates thе U.S. nаtiоnаl dеbt to thе реnnу. On Sерtеmbеr 30th, 2013 thе U.S. national debt wаѕ ѕitting аt $16,738,183,526,697.32. As I write this, thе U.S. national dеbt iѕ sitting at $17,742,108,970,073.37. Thаt mеаnѕ thаt thе U.S. nаtiоnаl dеbt hаѕ actually grоwn bу mоrе thаn a trilliоn dоllаrѕ in less thаn 12 mоnthѕ. Wе соntinuе tо wildly run uр dеbt аѕ if there iѕ nо tоmоrrоw, аnd by doing ѕо we are destroying thе futurе of thiѕ nаtiоn. Read More »

America’s Poor, Deeper in Debt Than Ever

America's Poor, Deeper in Debt Than Ever

U.S. consumers hаvе mаdе a lоt of рrоgrеѕѕ in раring dоwn thе extreme dеbt lоаdѕ that hеlреd make thе 2008 financial сriѕiѕ ѕuсh аn еросhаl diѕаѕtеr. Frеѕh dаtа frоm thе Federal Reserve, though, offer аn imроrtаnt caveat: Milliоnѕ of thе poorest fаmiliеѕ аrе ѕtill very dеер in thе hole -- аnd might bе gеtting dеереr. Read More »

Strategic Relocation Briefing: Where to Go To Escape Population Density and Civil Unrest

Strategic Relocation Briefing Where to Go To Escape Population Density and Civil Unrest

Perhaps the toughest job I have in recommending retreat locations is for people living in the heavily populated areas of the Northeast—particularly in New York and Boston areas. In a breakdown of the social order, it’s very difficult for these people to get to the less populated areas in the Midwest through the Appalachian Mountains because of the overall population density even in rural areas and the blocking effect of large urban areas like Philadelphia and Allentown, PA, Morristown NJ, Hartford, CT, and even Albany NY to the west. The mountains tend to channel refugee flows into these valley cities that are difficult to skirt, especially when refugees are flowing out of the big cities in all directions. Read More »

Americans are getting into debt to afford food, gas

Americans are getting into debt to afford food, gas

Nowhere has the unequal nature of the post-banking-crisis recovery raised more concerns for the long-term sustainability of the U.S. economy than in the clear rise of non-discretionary consumer credit. While the “haves” have fully returned to their pre-crisis behavior of paying for everything from higher education, cars and luxury homes with cash, and fully leveraging their investment portfolios, the rest of the consumer sector has changed dramatically over the past six years. Read More »

The Number Of Working Age Americans Without A Job Has Risen By 27 MILLION Since 2000

The Number Of Working Age Americans Without A Job Has Risen By 27 MILLION Since 2000

Did you know that there are nearly 102 million working age Americans that do not have a job right now? And 20 percent of all families in the United States do not have a single member that is employed. So how in the world can the government claim that the unemployment rate has "dropped" to "6.3 percent"? Well, it all comes down to how you define who is "unemployed". For example, last month the government moved another 988,000 Americans into the "not in the labor force" category. According to the government, at this moment there are 9.75 million Americans that are "unemployed" and there are 92.02 million Americans that are "not in the labor force" for a grand total of 101.77 million working age Americans that do not have a job. Back in April 2000, only 5.48 million Americans were unemployed and only 69.27 million Americans were "not in the labor force" for a grand total of 74.75 million Americans without a job. That means that the number of working age Americans without a job has risen by 27 million since the year 2000. Any way that you want to slice that, it is bad news. Read More »

Take These Steps Today To Survive An International Crisis

Take These Steps Today To Survive An International Crisis

With the Crimea referendum passed and Russia ready to annex the region, the United States and the European Union have threatened sanctions. The full extent of these sanctions is not yet known, and announcements are pending for the end of March. If these measures are concrete, they will of course be followed inevitably by economic warfare, including a reduction of natural gas exports to the EU and the eventually full dump of the U.S. dollar by Russia and China. As I have discussed in recent articles, the result of these actions will be disastrous. Read More »

20 Tips for Soldiering Through an Economic Meltdown

20 Tips for Soldiering Through an Economic Meltdown

Three years ago, I wrote about our deteriorating economy. As I recall, the words were “current lousy economy”. The good news is that so far, a global economic meltdown has been abated. And the bad? From what I can determine by simply opening my eyes and looking around, we are nowhere near the recovery that politicians and the economists in their hip pocket are touting. If anything, we are barreling forward to a collapse not unlike the big crash of 1929. Read More »

Americans Are Taking on Debt at Scary High Rates

Americans Are Taking on Debt at Scary High Rates

Americans are known risk-takers when it comes to their personal finances. While consumer spending has traditionally been one of the great engines of the U.S. economy, it also helped get the country into the Great Recession. So after five years of economic turmoil we’ve presumably become a little better at keeping track of our debts, right? Read More »

Top Adviser To The Chinese Government Calls For A “Global Currency” To Replace The U.S. Dollar

Top Adviser To The Chinese Government Calls For A “Global Currency” To Replace The U.S

The former chief economist at the World Bank, Justin Yifu Lin, is advising the Chinese government that the time has come for a single global currency. Lin, who is also a professor at Peking University, says that the U.S. dollar “is the root cause of global financial and economic crises” and that moving to a “global super-currency” will bring much needed stability to the global financial system. And considering how recklessly the Federal Reserve has been pumping money into the global financial system and how recklessly the U.S. government has been going into debt, it is hard to argue with his logic. Read More »

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