The sequester officially arrives today when $85 billion in automatic cuts to the federal budget take into effect. President Barack Obama, the Democratic leadership and the mainstream media believe the sequester is the apocalypse, while the Republicans believe it’s a gift from God to fiscal prudence. Economic Collapse News just reported that some analysts believe […]
Archives for March 2013
Economic collapse still underway as Federal Reserve’s QE programs show diminished returns
Federal Reserve Chairman Ben Bernanke delivered his semiannual two-day testimony to the Congress this week. His prepared remarks and question and answer period with Congressional and Senate representatives confirmed what most of his critics knew all along: he is just prolonging the economic downturn with the same failing policies, as retired Texas Republican Congressman Ron […]