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5 Very Common Myths About the US Minimum Wage

Minimum wage¬†has been a hotly contested topic since it was first introduced in Washington in 1912. It started as a state-by-state initiative ‚ÄĒ¬†until the¬†first¬†federal minimum wage¬†was instituted in 1933, at 25 cents per hour. The¬†federal minimum wage¬†was quickly ruled unconstitutional until 1938, when Congress passed a law allowing for afederal minimum wage, again setting the minimum at 25 cents per hour. T ...

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Former Chief Economist for Obama comes out calling for end of the dollar

Back in August, a former chief economic for President Obama wrote an op-ed on the stability of the dollar, and its role today as the global reserve currency.  In his breakdown of the historical use of the dollar in American finance, Jared Bernstein asserted that while in the past the dollar was a benefit which allowed U.S. prosperity to grow, today it has become a burden which forces the central bank into a ...

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It’s a temp job world, and you’re living in it

On Sept. 5 the Bureau of Labor Statistics, or known in the alternative economy as the Bureau of Lies and Slight of Hand, issued its August jobs report for the country.  But unlike the month of July which summarily blew away all forecasted predictions, the August numbers were 'just a bit outside' as the economy only created 142000 when mainstream analysts were predicting no less than 200000. But the real cru ...

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There is only one loser in the proxy war between U.S. and Russia and it is Europe

Like most government reports, many important indicators are paired down to three letter acronyms that tend to diminish their value, and become easily glossed over by those who either invest from that data, or simply ignore it like the general public.  But for very important economic indicators such as the Purchasing Managers Index (PMI), the data can be not only vital to an individual nation's economy, but ...

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Government so afraid of Americans leaving they jacked up price to emmigrate

While not on the scale of Mexicans and other Central American aliens flocking to to the U.S. for the opportunity for jobs and free benefits, the first six months of 2014 has seen more Americans give up their citizenship to emmigrate elsewhere than all of 2013 combined.  And with more and more people thoroughly disgusted with the direction for both the political and economic futures in the land of the free, ...

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QuickTrip Which Looters Burnt To The Ground Will NOT Be Re-Build in Ferguson

Well, the fools who destroyed their own neighborhood during riots in Ferguson, Missouri after a teenager was killed by a police officer there have made their own neighborhood into a lesser place. The one convenience store and gas station they had in their area, the one burned down, will not be rebuilt. The QuickTrip, the famed convenience store that Michael Brown robbed moments before he was confronted by a ...

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What is inversion, and why are U.S. companies using it to move offshore?

In last weeks business news we saw the major story of U.S. fast food company Burger King finalizing a merger with Canadian powerhouse Tim Hortons in which Burger King will use this deal to shuttle its company headquarters out of the U.S., and into Canada for all intents and purposes.  The objective here of course is to get out from under the draconian corporate tax structure the U.S. currently operates, wit ...

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Congressional Budget Office drops 2014 GDP estimates

The Congressional Budget Office (CBO) is fairly well known as being a completely neutral arbiter of monetary research for the government and overall economy.  Yet when the CBO came out in January to announce that the 2014 GDP would be as high as 3.1%, that neutrality was quickly brought into question and many began to wonder if they were becoming a new office of propaganda for the Obama administration. Well ...

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TSA Admits That It Allowed Illegal Aliens to Board Planes Without ID

Watch the latest video at video.foxnews.com A new letter written by the TSA admits that the agency allowed illegal immigrants to board planes without proper identification. The TSA had previously denied that it let illegal immigrants on planes with only their Notice to Appear forms. The forms have no photos or watermarks and can easily be forged. Read more below from Breitbart.com: According to the Gateway ...

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Even a former Mob boss sees the inevitable coming economic collapse

Since we already know that receiving a Nobel Peace Prize is as easy as buying a couple of shrimp tacos, it is not too far fetched to see how so many economists and 'professional' financial analysts appear to have received their credentials from similar places.  And while pundits and the media try to mask just how bad economic growth, consumer spending, and the job markets are by using the excuses of 'polar ...

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Putin adviser: Transition to new global economy will require war

The term revolution has multiple meanings dependent upon the perspective of the rebels seeking it, and the establishment trying to keep it from occurring.  But throughout the annals of history, revolution has never come easily, and almost inevitably is achieved through violent action, or in many cases, all-out war. For Russia, which understands the concept and history of revolution within their own peoples, ...

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Ammunition now plentiful one year after mass shortages

About a year ago, ammunition shortages were causing fear and panic in the gun community, especially after news came out of the Department of Homeland Security's purchase of over one billion rounds for government use.  Additionally, the continuous message being made to honest Americans by politicians like President Obama, former NYC Governor Michael Bloomberg, and a host of others that new gun laws and restr ...

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