Survive and Thrive
The U.S. economy lost 140,000 jobs in December. Only about 55% of the jobs lost in March and April have returned. That’s a significant number. Americans and others around the world who make their living as bus drivers, bartenders, waiters, hairstylists, and boutique store clerks, among thousands of other jobs, make up 50% of all…
See that chart above? You are watching an economy begin to die. That, my friends, is what economic devastation looks like. It says that unemployment claims skyrocketed to 7 million last week. That’s a number so high, so fast, that there’s no parallel in all of recorded history — even remotely. The American economy is undergoing the largest…
Other than the obvious consequences, what might we expect from a partial economic collapse? A total collapse of the economy would throw the nation into utter chaos. But what if we endure an economic depression or a severe and long-lasting downturn? I think that some of the effects are not so obvious. 1. The college…
Read More “7 Unexpected Consequences of an Economic Collapse” »
The bulk of the money and credit we use today is created by bankers and politicians. Fiat money is a way for those in control to siphon wealth away from the working class in ways that most people cannot understand. Through taxes, inflation, and predatory lending practices the population is systematically impoverished. It has become…
The Obama administration pushed sanctions against Russia for its illegal annexation of the Crimean Peninsula in Ukraine in 2014 and for the Kremlin’s backing of separatists in eastern Ukraine that continues to this day. The goal was to punish Russia for its actions, and to paraphrase President Obama, “to run their economy into the ground.”…
Read More “Markets return a negative verdict on Obama’s Russian sanctions” »
Russian President Vladimir Putin claimed in an article published today that the European Union would not be a global player without his country’s help as he prepared to visit the bloc for the first time in almost a year. Putin, who starts a two-day visit to Greece on Friday, also called for an energy alliance…
Read More “Vladimir Putin says European Union needs Russia to stay on global stage” »
A breakthrough European Union agreement today to release fresh bailout funds to Greece averted the threat of a massive default on its debt in coming months. But the International Monetary Fund — seen as a crucial partner to the eurozone country’s bailout — faulted the deal saying official EU creditors had still not spelled out…
Read More “IMF says Greece still at long-term risk despite bailout deal” »
