Economics

70% Of Americans See Economy Worsening, Consumer Comfort Collapses By Most In 10 Month

Thursday, July 30, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 07/30/2015 With stocks just 1-2% from record highs, because China is fixed, oil is recovering, Europe is awesome, and gas prices are low? it appears the talking heads forgot to tell the ‘people’ how great things are. Bloomberg’s Consumer Comfort index plunged (by the most since Sept 2014) to hover... »

Las Vegas spends nearly $1 billion to accelerate its plunge into devastating drought followed by economic oblivion

Thursday, July 30, 2015
By Paul Martin

by: J. D. Heyes NaturalNews.com Thursday, July 30, 2015 The multi-year drought that is baking California and draining underground aquifers at alarming rates is not just limited to the Golden State. Neighboring Nevada has also been greatly affected by it, and the state has just spent almost $1 billion to further its economic demise.... »

If Spending Is Our Military Strategy, Our Strategy Is Bankrupt

Thursday, July 30, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 07/29/2015 US global superiority in military affairs is actually the superiority of a rich kid who thinks he’s really smart but in reality is merely just rich. When the seemingly endless flow of money slows (as it inevitably will), the mask of cleverness will fall. Everyone who resented the kid... »

Debt Slaves: 7 Out Of 10 Americans Believe That Debt ‘Is A Necessity In Their Lives’

Thursday, July 30, 2015
By Paul Martin

By Michael Snyder EndOfTheAmericanDream.com July 29th, 2015 Could you live without debt? Most Americans say that they cannot. According to a brand new Pew survey, approximately 7 out of every 10 Americans believe that “debt is a necessity in their lives”, and approximately 8 out of every 10 Americans actually have debt right now.... »

The South American Financial Crisis Of 2015

Thursday, July 30, 2015
By Paul Martin

By Michael Snyder TheEconomicCollapseBlog.com July 29th, 2015 Most nations in South America are either already experiencing an economic recession or are right on the verge of one. In general, South American economies are very heavily dependent on exports, and right now they are being absolutely shredded by the twin blades of a commodity price... »

Total Collapse: Greece Reverts To Barter Economy For First Time Since Nazi Occupation

Wednesday, July 29, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 07/29/2015 Months ago, when Alexis Tsipras, Yanis Varoufakis, and their Syriza compatriots had just swept to power behind an ambitious anti-austerity platform and bold promises about a brighter future for the beleaguered Greek state, we warned that Greece was one or two vacuous threats away from being “digitally bombed back... »

Preparing For A Long Term Economic Depression

Wednesday, July 29, 2015
By Paul Martin

By Ken Jorgustin PatriotNetDaily.com July 29, 2015 In case you haven’t noticed, the world is slowing down. More specifically, the worlds consumption and production. What amazes me is how you wouldn’t have any idea whatsoever if all you did was watch the mainstream news at 6-oclock. China’s stock market is in a major crash.... »

The Layoffs Return: Energy Giants Chevron, Saipem To Fire Over 10,000 Workers

Wednesday, July 29, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 07/29/2015 Overnight, US energy major Chevron announced it will cut 1,500 jobs globally “as the company aims to reduce internal costs in multiple operating units and the corporate center.” According to Rigzone, “the San Ramon, Calif.-based energy company will cut 950 positions in Houston, 500 positions in San Ramon and... »

One in five Americans now on welfare as country collapses into economic desperation

Wednesday, July 29, 2015
By Paul Martin

by: J. D. Heyes NaturalNews.com Wednesday, July 29, 2015 By any measure, President Obama’s economic and governing policies have been a failure, most recently demonstrated by one statistic: Today, one in five Americans needs government, at some level, to survive – the highest number, proportionately, since the Great Depression. “Approximately 52.2 million (or 21.3... »

Banks Squirm As Congress Moves To Cut The 6% Dividend Paid To Them By The Fed

Wednesday, July 29, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 07/29/2015 Did you know that the Federal Reserve pays an annual 6% dividend to its shareholders, i.e., the member banks of the cartel? Must be nice, considering savers who had nothing to do with cratering the world economy, and failed to receive a taxpayer funded bailout, can barely earn 0.5%... »

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