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Economy

Editor’s Note:  I’ve presented it before and I’ll present it again:  Nowhere in the Constitution is the president authorized to impose tariffs.  Only Congress is allowed to do this.  If you think otherwise, cite Article, Section and Clause, but you can’t because it does not exist. In what can only …

As the United States government continues to pile up debt, most states are following in its footsteps. Total state government debt now stands at $1.49 trillion with 40 states lacking sufficient funds to pay their bills according to Truth in Accounting’s (TIA) Financial State of the States report. At the end of …

The Federal Reserve is once again secretly shelling out trillions of dollars in the dark, while Congress willingly looks the other way.  In other words, the central bank has initiated a replay of the 2007-2010 financial crisis. You can call it QE4 if you want, or don’t call it QE4.  …

The Federal Reserve, the country’s central bank, has pumped an additional $75 billion into the market. As they are doing this, they seem adamant that no one label this what it actually is: QE4. The Federal Reserve is expected to resume its balance sheet expansion in response to demand for …

If you ask the mainstream media, they will tell you that about half the country is still middle class.  In fact, a CNBC article that just came out says that “52% of American adults live in ‘middle class’ households”.  Of course that is down from 61 percent in 1971, but considering everything we have …

Are we about to see U.S. financial markets go crazy?  That is what Goldman Sachs seems to think, and it certainly wouldn’t be the first time that great financial chaos has been unleashed during the month of October.  When the stock market crashed in October 1929, it started the worst …

What in the world is the Federal Reserve doing?  For months the Fed has been trying to publicly convince us that the U.S. economy is “strong”, and Fed Chair Jerome Powell recently unequivocally stated that “the Federal Reserve is not currently forecasting a recession”, but the Fed’s actions tell a completely …

A former congressman from Texas, Dr. Ron Paul, says that the United States won’t be the exception when negative interest rates crush the economy. Dr. Paul is warning negative interest rates are coming, and the Federal Reserve cannot stop it. “We will join the rest of them and go to …

A new report has said that the real United States national debt could be well over what politicians tell us it is.  At a whopping $400 trillion, the U.S. debt would be 2,000% of GDP (gross domestic product) according to new calculations that include the federal government, state, local, financial, …

President Donald Trump has tweeted his support for zero or lower interest rates in the wake of a massive and crippling national debt. Not only is that a raw deal for those Americans who have saved up for an emergency, but it’ll help little in the face of the monstrous …