Economy

(PressTV) – Der Spiegel: US middle class vanishing

According to an article appearing in the German newspaper, Der Spiegel, the negative consequences of the global financial crisis include a widened social class rift and the elimination of the middle class in the US. Read More Here

(STPaulBusJournal) – Minnesota home sales drop 40 percent in July – Read More Here

(USAToday) – Gulf real estate sales suffer from BP oil spill aftermath – Read More Here

(AP) – Regulators shut 3 banks in Fla, Va – Read More Here

(MercuryNews) – Silicon Valley home sales plunge in July (Updated) – Read More Here

(BusinessInsider) – It Looks Like U.S. Government Bonds Aren’t Supported By China Anymore – Read More Here

(CampaignForLiberty) – Is Our Money Based on Debt?

Different groups often notice different aspects of the same phenomenon — this is the point of the famous tale of the blind men encountering an elephant. When it comes to the Federal Reserve, Austrians usually focus on how its tinkering with interest rates leads to the boom-bust cycle.

However, plenty of non-Austrians hate the Federal Reserve System too. For some of these critics, one of the most perverse features of our present monetary system is its basis in debt. Specifically, if Americans ever began seriously paying down their debts, the supply of dollars would shrink. In the present article I’ll explain this strange fact. Read More Here

(BusinessInsider) – 15 Signs The U.S. Housing Market Is Headed For Complete And Total Collapse

The U.S. housing market is dying. You will only hear hints of this on the mainstream news and from the politicians in Washington D.C., but as statistic after statistic continues to roll in, the reality of what is happening is becoming very difficult to deny. Read More Here

(LasVegasSun) – Las Vegas jobless rate climbs to 14.8 percent – Read More Here

(Reuters) – Connecticut may have just a week’s worth of cash – Read More Here

(InfoClearingHouse) – Frozen in the Headlights – The Economy is in Big Trouble – Mike Whitney – Read More Here

(InfoClearingHouse) – The Banksters Strike Again – Chase Bank and Obama’s “Make Home Affordable” Scam – Read More Here

(EconomicCollapseBlog) – Kicked In The Groin: Health Insurance Companies Are Dramatically Increasing Premiums Due To The New Health Care Law And There Is Not Much We Can Do About It – Read More Here

Climategate

(GlobalResearch) – Climate Change: Concocting the “Consensus” – Andrew Gavin Marshall – Read More Here

Video

Video: Bob Chapman’s Economic Report – Banks Will Still Profit in this Faltering Economic Recovery

Alex talks with regular Friday guest Bob Chapman about the economy and other issues. Chapman became a stockbroker in 1960 and retired in 1988. For 18 of those years he owned his own brokerage firm. Starting in 1967 Mr. Chapman began writing articles on business, finance, economics and politics having been printed and reprinted over the years in over 200 publications. He owned and wrote the Gary Allen Report, which had 30,000 subscribers. He currently is owner and editor of The International Forecaster, a compendium of information on business, finance, economics and social and political issues worldwide, which reaches 10,000 investors and brokers monthly directly, and parts of his publication are picked up by 60 different websites weekly exposing his ideas to over 10 million investors a week.

Part 1 of 2

Part 2 of 2

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