Economy

(GlobalResearch) – The North American Free Trade Agreement (NAFTA) has resulted in increased Unemployment in the U.S. – Read More Here

(GlobalResearch) – Whither the “Economic Agenda”: Unemployment is Worse Than We Know, The Recovery Challenge Harder Than We Think – Danny Schechter – Read More Here

(InfoClearingHouse) – Down To The Last Trillion in Red Ink – US Treasury Running on Fumes – Paul Craig Roberts – Read More Here

(WashingtonPost) – As credit card holders play it safe, issuers increase non-penalty service fees

After the recession forced credit card companies to purge their rosters of the riskiest loans, the industry is facing a new problem: customers who are too good. Read More Here

(PragmaticCapitalist) – Tim Geithner Doesn’t Get The Budget Or Our Currency

Over the weekend Tim Geithner paraded himself all over the weekend talk shows while he proved that he barely deserved to pass econ 101. That’s right, the Secretary of the US Treasury doesn’t get it. Read More Here

(Reuters) – Consumer Confidence Falls, Lowest Since February

U.S. consumer confidence sank in July to its lowest since February on job market worries, underscoring the slow path to economic recovery, and home prices rose in May but without signs of a sustained rebound, reports released Tuesday showed. Read More Here

(SilverBearCafe) – How to Buy Your Kids a House

UBS released some interesting research last month on how much gold it takes to buy the average-priced home in the U.S. I put the data to a chart, and it’s quite revealing. Read More Here

(MarketFinancial) – US Debt May Grow To $60 Trillion From $14.1 Trillion According To Economists, S&P 500, (NYSE:SPY), (NYSE:FAZ), (NYSE:C), (NYSE:BAC), (NYSE:GS), (NYSE:WFC) – Read More Here

Video: Greatest Depression in California: People Begin Living Without Electricity and Water – Video Link Here

(ATR) – Six Months to Go Until The Largest Tax Hikes in History

In just six months, the largest tax hikes in the history of America will take effect. They will hit families and small businesses in three great waves on January 1, 2011: Read More Here

REPOST – (MoneyNews) – New Tax on Gold Is Hidden in Obamacare

President Barack Obama’s healthcare reform legislation reportedly contains an added provision that would tax gold coin and bullion transactions.

The tax comes in an obscure section of the tax code that deals with purchases by self-employed people and small businesses, ABC News reports. Read More Here

REPOST – (TheAtlantic) – The Scariest Unemployment Graph I’ve Seen Yet – View Here

(InfoClearingHouse) – A Decade of Declining House Prices – Mike Whitney

The housing depression will last for a decade or more. This is by design. The Fed has been working with the banks to withhold inventory so prices do not fall too fast or too far. That way the banks can manage their write-downs without slipping into insolvency. Read More Here

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