The Middle Class Is Being Destroyed: Now Only 25 Percent Of All Americans Have $10,000 Or More In Savings

Michael Snyder ECONOMY, FAMILY, FEATURED ARTICLES, SUPPORT A FREE USA!, U.S. NEWS, WATCHMEN ON THE WALL 0 Comments

By Michael Snyder We just got more evidence that the middle class is being systematically eviscerated. According to a GOBankingRates survey that was just released, more than half the country has less than $1,000 in savings. So in the event of a major economic disaster of some kind, over 50 percent of the nation is going to be completely out of cash almost immediately. For years I have been writing about the steady decline of the middle …

Hillary Almost Proposed ‘A Universal Basic Income’ In 2016, And The Idea Is Catching Fire Among Grassroots Democrats

Michael Snyder ECONOMY, FEATURED ARTICLES, POLITICAL, SUPPORT A FREE USA!, U.S. NEWS, WATCHMEN ON THE WALL 0 Comments

By Michael Snyder Should you get free money from the U.S. government every month simply for being alive?  That may sound like a crazy idea to many of us, but the truth is that this will likely be one of the biggest political issues in the 2020 presidential election.  At this point, 40 percent of all Americans already “prefer socialism to capitalism”, and the concept of a “universal basic income” is starting to catch fire among grassroots …

Debt Nightmare: Does Anyone Actually Care That Our Exploding National Debt Is Destroying Our Future?

Michael Snyder ECONOMY, FEATURED ARTICLES, POLITICAL, U.S. NEWS, WATCHMEN ON THE WALL 0 Comments

By Michael Snyder When will America finally wake up? The borrower is the servant of the lender, and we now have a colossal 20 trillion dollar chain around our collective ankles. We have willingly enslaved ourselves, our children and our grandchildren, and yet our addiction is so insatiable that we continue to add more than 100 million dollars to our debt load every single hour of every single day. The national debt is sitting at a grand …

Is This The Generation That Is Going To Financially Destroy America?

Michael Snyder ECONOMY, FEATURED ARTICLES, POLITICAL, U.S. NEWS, WATCHMEN ON THE WALL 0 Comments

Did you know that the federal government is going to spend more than 4 trillion dollars this year?  To put that into perspective, U.S. GDP for the entire year of 2017 is going to be somewhere between 18 and 19 trillion dollars.  So when you are talking about 4 trillion dollars you are talking about a huge chunk of our economy.  But of course the federal government doesn’t bring in 4 trillion dollars a year.  …

More retailers are on verge of bankruptcy than at height of Great Depression

Dr. Eowyn FEATURED ARTICLES, U.S. NEWS, WATCHMEN ON THE WALL 0 Comments

This is shocking. According to Moody’s, the rating giant, 22 retailers are on the verge of bankruptcy — a number that’s greater than the 19 distressed retailers at the peak of the Great Depression in the 1930s. Also troublesome is the fact that the 22 retailers span the range from the luxury high-end (Neiman Marcus) to discount stores (99 Cents).   Kevin McCoy reports for USA Today, June 9, 2017, that senior Moody’s retail analyst …

Central Banks Now Own Stocks And Bonds Worth Trillions – And They Could Crash The Markets By Selling Them

Michael Snyder ECONOMY, FEATURED ARTICLES, POLITICAL, U.S. NEWS, WATCHMEN ON THE WALL 0 Comments

Have you ever wondered why stocks just seem to keep going up no matter what happens?  For years, financial markets have been behaving in ways that seem to defy any rational explanation, but once you understand the role that central banks have been playing everything begins to make sense.  In the aftermath of the great financial crisis of 2008, global central banks began to buy stocks, bonds and other financial assets in very large quantities …

12 Signs The Economic Slowdown The Experts Have Been Warning About Is Now Here

Michael Snyder ECONOMY, FEATURED ARTICLES, POLITICAL, U.S. NEWS, WATCHMEN ON THE WALL 0 Comments

Since the election there has been this perception among the American public that the economy is improving, but that has not been the case at all.  U.S. GDP growth for the first quarter was just revised up to 1.2 percent, but that is even lower than the average growth of just 1.33 percent that we saw over the previous ten years.  But when you look even deeper into the numbers a much more alarming picture …

They Are Killing Small Business: The Number Of Self-Employed Americans Is Lower Than It Was In 1990

Michael Snyder U.S. NEWS 0 Comments

After eight long, bitter years under Obama, will things go better for entrepreneurs and small businesses now that Donald Trump is in the White House?  Once upon a time, America was the best place in the world for those that wanted to work for themselves.  Our free market capitalist system created an environment in which entrepreneurs and small businesses greatly thrived, but today they are being absolutely eviscerated by the control freak bureaucrats that dominate …