You Are Here: Home » News » Economic Collapse (Page 98)

Inflation by any other name – Central banks around the world increase balance sheets from $2 trillion in 2008 to $6 trillion in 2013. The slow erosion of purchasing power in the US.

The Federal Reserve has been trying with all its power to stoke inflation.  This is not the stated mission and you will not hear this proclaimed over loud speakers but if actions speak louder than words, this is the policy they are following.  Yet the Fed is picking winners and losers with their inflation targeting.  The reason the CPI for example is not reflecting major changes is the massive wealth destru ...

Read more

Rothschilds are firmly embedded in China

Rothschild’s long-standing presence in China dates back to 1838, and we were one of the first business institutions from the Western world to re-establish relations after 1953. Our offices in Beijing, Shanghai and Hong Kong give us direct access to the Chinese market. Our locally based team of advisory bankers commands an in-depth knowledge of the country’s economic development and the challenges facing its ...

Read more

New Tax Law Packed With Breaks For Business

Tucked into the "fiscal cliff" tax package approved by Congress are billions of dollars in tax breaks that should make the new year a lot happier for businesses of many stripes, including film producers, race track owners and the makers of electric motorcycles. In all, more than 50 temporary tax breaks were renewed through 2013, saving businesses and individuals about $76 billion. Congress routinely renews ...

Read more

Secrets and Lies of the Bailout

The federal rescue of Wall Street didn’t fix the economy – it created a permanent bailout state based on a Ponzi-like confidence scheme. And the worst may be yet to come by: Matt Taibbi Illustration by Victor Juhasz It has been four long winters since the federal government, in the hulking, shaven-skulled, Alien Nation-esque form of then-Treasury Secretary Hank Paulson, committed $700 billion in taxpayer mo ...

Read more

ROTHSCHILD MINION: Krugman Passing Up Job In Banking Cartel… Which He Was Never Offered!!

In a blog post on the New York Times website, columnist Paul Krugman says no to serving as treasury secretary. Which is funny because he was never offered the job anyway.     "Yes, I’ve heard about the notion that I should be nominated as Treasury Secretary. I’m flattered, but it really is a bad idea," writes Krugman. The first reason Krugman lists is, he admits, that he's "indeed the World’s Wors ...

Read more

Large Cities All Over America Are Degenerating Into Gang-Infested War Zones

Large U.S. cities that the rest of the world used to look at in envy are now being transformed into gang-infested hellholes with skyrocketing crime rates. Cities such as Chicago, Detroit, Camden, East St. Louis, New Orleans and Oakland were once bustling with economic activity, but as industry has fled those communities poverty has exploded and so has criminal activity. Meanwhile, financial problems have ca ...

Read more

COLLAPSE: DEMS SEEK $1,000,000,000,000 TAX HIKE!!

Democrats say they want to raise as much as $1 trillion in new revenues through tax reform later this year to balance Republican demands to slash mandatory spending. Democratic leaders have had little time to craft a new position for their party since passing a tax deal Tuesday that will raise $620 billion in revenue over the next 10 years. The emerging consensus, however, is that the next installment of de ...

Read more

The Middle Class Has Been Saved – Or Has It?

Long live the middle class now that it has survived the fiscal cliff and been “saved.” President Obama is basking in the glory of having averted the deepening of a crisis that is more structural than political and hardly resolved. The markets are cheering, it is said, because markets love stability, unless there is money to be made off of volatility of their own making. Forget the working class. The term is ...

Read more

It’s Back – Texas In Toll Road ‘Super Highway’ Deal With Spain

Believe it or not, the Trans-Texas Corridor is back. Very quietly, Gov. Rick Perry and the Texas Department of Transportation, or TxDOT, signed in October a comprehensive development agreement to construct a toll-road redevelopment of Interstate 35 north of downtown Fort Worth. TxDOT signed the 50-year deal with NTE Mobility Partners Segments 3 LLC, a U.S.-based wholly-owned subsidiary of Cintra, the Spanis ...

Read more

Welfare recipients take out cash at strip clubs, liquor stores and X-rated shops

They’re on the dole — and watching the pole. Welfare recipients took out cash at bars, liquor stores, X-rated video shops, hookah parlors and even strip clubs — where they presumably spent their taxpayer money on lap dances rather than diapers, a Post investigation found. A database of 200 million Electronic Benefit Transfer records from January 2011 to July 2012, obtained by The Post through a Freedom of I ...

Read more

© 2012 Secrets of the Fed

Scroll to top