By Rebekah Rast — The number of people applying for unemployment benefits has reached its highest level in the past three months. The economy is not growing like it needs to for Americans for find work, which is why in the past three years Americans have collected $319 billion in jobless benefits . A tanked economy explains well […]

By Kevin Mooney — Property owners and small business owners are under assault from the Federal Deposit Insurance Corporation (FDIC), which is operating in collusion with Wall Street hedge fund operatives, free market activists have warned. Here is how the take down works. When the […]

This discouraging news from the Washington Post : The Census Bureau reports that the number of Americans in poverty has risen to 15.1 percent in 2010, a 17-year high. About 46.2 million people, or nearly 1 in 6, were in poverty. That’s up from 43.6 million, or […]

By Robert Romano — So addicted to credit are Europe’s most troubled governments that without credit expansion, their economies can no longer grow.  This is seen in Greece, where no longer able to spend more than it takes in, in the second quarter, its economy contracted by 7.3 percent . This addiction is […]

By Bill Wilson — Markets have begun pricing in the likelihood of a European collapse, where key members of the eurozone withdraw from the monetary union, banking institutions collapse, and widespread defaults reshape the landscape across the pond. This possibility, considered remote at best in recent months, […]

Obama’s economy continues to fail to produce the private sector jobs to even meet the needs of new entrants in the economy, let alone those who are currently unemployed. What is stunning is that the economy created zero jobs in August. It is almost criminal […]

By Kevin Mooney — Do not sit back and wait for the federal government to reform itself. Instead, allow the states to take the lead in getting the federal debt under control; this is the central message of the National Debt Relief Amendment , which reads as follows: “An […]

By Robert Romano — On Aug. 26, Federal Reserve Chairman Ben Bernanke reaffirmed his decision to keep the Federal Funds Rate — the interest rate at which the Fed and banks lend to one another — at near-zero levels. He said, “[I]n what the Committee judges to be the most likely scenarios for resource utilization and inflation in the medium term, the target for […]

By Rebecca DiFede — In a shameless stunt to secure reelection, the Obama Administration is considering granting refinance loans to borrowers who owe more on their mortgages than their houses are worth, allowing them to qualify for today’s lower interest rates. This is thought to […]

By Bill Wilson — A bilateral agreement between Finland and Greece has promised to give the Nordic nation €500 million collateral for its portion of the bailout of Greece’s creditors. Considering the risks, the call for collateral is hardly surprising — Athens’ credit rating is a mere […]