It is officially unclear as to how much the United States government spends annually on its foreign policy, whether it’s military, bases, bribing rebel groups, arming terrorist organizations and anything else you read about in a Tom Clancy novel. But a new study has found how much the wars in Afghanistan and Iraq will cost […]
Archives for April 2013
The economic collapse of America in five charts
Although the entire story certainly isn’t told, such as the causative factors of the economic collapse, the charts I link to below illustrate quite well some of the symptoms of an ailing economy that is not showing signs of improvement. The labor force participation rate has been dwindling even though there continues to be many […]
Data shows gains in consumer spending, savings rates still remain low
Consumer confidence and spending in the United States rose in the month of March at a time when budgets are tight and the economy remains fragile. Despite this somewhat positive economic data, the savings rate still remains quite low. According to the Bureau of Economic Analysis, earning and spending increased during February; personal income jumped […]
New EPA regulations set to add 9 cents a gallon to gas, higher prices for cars
Last week, the Environmental Protection Agency (EPA) announced a series of new rules and regulations that are set to increase the cost of a gallon of gasoline by six to nine cents, warned various oil industry experts. The administration of President Barack Obama is proposing to reduce sulfur in gasoline and tighten emission standards on […]
Jim Rogers: Bank depositors should ‘run for the hills’
Finance guru and famed investor Jim Rogers spoke with CNBC on Thursday and discussed the financial collapse that is transpiring in the island nation of Cyprus. In the interview, he delivered an emphatic message to all bank depositors and investors: “run for the hills.” Rogers explained that with the Troika leaders handing out a bailout […]