The number of people who warned of the economic troubles the U.S. economy would endure from 2007 and on was certainly few compared to all of the so-called experts who said everything was fine. Here is a compilation of several of them including, Ron Paul, Peter Schiff, and Gerald Celente. Then there is this series […]
Analysis
Dollar devaluation or default: Which will the U.S. government choose?
Adjustable mortgage rates got a lot of homeowners in trouble as we saw with the collapse of the housing market. Now the U.S. government will start using floating rate securities to issue its debt: The U.S. Treasury Department said it plans to sell a floating-rate security as early as the fourth quarter this year and […]
Is retirement for Americans a thing of the past?
A new survey finds that more than forty percent of Americans think they will not be able to retire until their 70s or 80s. Many Americans do not save sufficiently for retirement and rely too heavily on Social Security, which is intended as a supplement to retirement, not a sole means of income. Many factors […]
9 new Obamacare tax hikes that will cripple the U.S. economy
Much of Obamacare has already been implemented but there are nine new taxes that have not yet gone into effect. Americans for Tax Reform is out with a report on all the Obamacare taxes that start going into effect in tax year 2013 and beyond. These new taxes will help to destroy small businesses and […]
Why the price of gold won’t collapse
CNBC has come out with an article about why it is unlikely for gold to fall further in price. There are three principle reasons for this bullish outlook, according to the author: Slowdown in exchange-traded fund (ETF) liquidation Gold rush in China and India from strong retail demand Increased buying by central banks I would […]