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Economy

Warren Buffett once referred to derivatives as “financial weapons of mass destruction,” and it was inevitable that they would begin to wreak havoc on our financial system at some point.  While things may seem somewhat calm on Wall Street at the moment, the truth is that a great deal of

The worst stock market crashes in U.S. history have come during the month of October.  There is just something about this time of the year that seems to be conducive to financial panic.  For example, on October 28th, 1929 the biggest stock market crash in U.S. history up until that

The federal government uses very carefully manipulated numbers to cover up the crushing economic depression that is going on in this nation. For the month of September, the federal government told us that 142,000 jobs were added to the economy. If that was actually true, that would barely be enough

While the Obama administration and their mainstream surrogates maintain that the economy is growing at a booming pace, the reality of the situation is starkly different. According to a report from the Bureau of Labor Statistics some 94.6 million Americans (age 16 and over) are either not working or have made no

Did you know that 11 trillion dollars in global stock market wealth was wiped out during the third quarter of 2015?  When I was emailed this figure by a friend, I was stunned for a moment.  I knew that things were bad, but were they really this bad? When I

This troubling number underscores what is happening in the markets: $63 billion fleeing mutual funds just in the past three months. It represents another sign that zero percent interest has screwed over the real economy. Rather than “growth” in the form of money pouring into investments, we are seeing a

A lot of people out there expected something to happen in September that did not ultimately happen.  There were all kinds of wild theories floating around, and many of them had no basis in reality whatsoever.  But without a doubt, some very important things did happen in September.  As I

This month marks the seventh anniversary of the bursting of the housing bubble and the subsequent economic meltdown. The mood in Congress following the meltdown resembled the panicked atmosphere that followed the September 11th attacks. As was the case after September 11th, Congress rushed to pass hastily written legislation that, instead

It might be taken as a bad omen for the economy. Perhaps, it was the sign of a sick market. Then again, the Federal Reserve is not too obvious with its hints about future policy and its effects on policy. Nonetheless, during a speech where many were watching for news

You would think that the simultaneous crashing of all of the largest stock markets around the world would be very big news. But so far the mainstream media in the United States is treating it like it isn’t really a big deal. Over the last sixty days, we have witnessed