Woman Who Invented Credit Default Swaps Developed Carbon Derivatives

As they say follow the money and if you do you will see who stands to profit and who stands to lose as usual the same players who brought us to Economic collapse (The Fed and the big banks and people like Al gore) will be the ones who profit and YOU will be [...]

Thousands of auto dealership jobs on the chopping block

It would really be surprising if this bailout does not place atop the list of all time poor public expenditure policies. There are just so many reasons the bail out of automakers should never have been allowed. At its most basic, it is outrageous to take money from taxes paid by those making $ 10/hour [...]

Manufacturing never to return: economists

- “The old days are never coming back, and the state will continue to lose jobs for years to come.” — Jack Lessenberry
We should be focusing on abstaining from unequal trade with places like China, as the World Trade Organization enables, which allows industries to relocate to countries with slave labor and decimates consumer spending [...]

Millions Face Insurance Crisis As COBRA Ends

“As part of the federal stimulus package, the nine-month subsidies made available to the unemployed starting in March have run out for those who collected them from the get-go.”

While Cobra is a reasonable solution in the short term, the fact is that the government is covering part of the costs and health insurance so that [...]

Chinese are spooked by tightening credit markets

Crackdown: China has stepped up efforts to halt the explosive growth in credit.

China is seriously harming Western economies and a number of local jobs at the same time promoting the sub standard pay to their own people with very poor quality control and safety only to ensure growth is sustainable; this is a very sick [...]

The sovereignty of the UK: how the Lisbon Treaty abolished it

“.. Britain is no longer a sovereign nation. At midnight last night, we ceased to be an independent state, bound by international treaties to other independent states, and became instead a subordinate unit within a European state.” — Daniel Hannan

The European Union (EU) now has full control of immigration policy for all member states. [...]

Howard Davidowitz says USA broke like Japan & Zimbabwe

Analysts See USA's Future And It Is Japan

Howard Davidowitz sees a similarly horrific future [similar to Japan and Zimbabwe] in store for the U.S. He calls America’s current path, rich in deficit spending and weak in currency a “road to nowhere.”

Blame is only on the communist/fascist government during the Bush era. He allowed ( implemented) redistribution of real estate loans to people [...]

Shock: USA guaranteed debt default says Greenspan & Guidotti

“So how does America rank on the Greenspan-Guidotti scale? It’s a guaranteed default.” — Two well-known economists – Alan Greenspan and Pablo Guidotti – published the secret formula in a 1999 academic paper.

The only way out is to raise interest rates as the US dollar starts to fail. It will fail in the summer of [...]

Unemployment indicative of deindustrialized economy

“You’ve got to have someone in the store, and if you’re down to one person in the store, you can’t cut any more.”

The question is not whether a low growth of 0.1% a quarter signals the end of the recession or not. It is whether the leaders of major financial companies and automobile industries have [...]