By Paul B. Farrell Scan these 30 “leading indicators.” Each problem has one or more possible solutions, but lacks unified political support. Time’s running out. We’re already at the edge. Add up the trillions in debt: Any collective solution will only compound our problems, because the cumulative debt will overwhelm us, make matters worse: America’s credit [...] Read Full Story

WASHINGTON — Led by California with a $28 billion hole in its budget, 41 states are in financial trouble, and many of their leaders are looking to Congress to bail them out. State officials are hoping to join the ranks of the financial industry and auto manufacturers, who’ve found a sympathetic ear on Capitol Hill. They’ve [...] Read Full Story

Accounts Receivable Tax Building Permit Tax CDL License Tax Cigarette Tax Corporate Income Tax Dog License Tax Federal Income Tax Federal Unemployment Tax (FUTA) Fishing License Tax Food License Tax Fuel Permit Tax Gasoline Tax Hunting License Tax Inheritance Tax Inventory Tax IRS Interest Charges (tax on top of tax) IRS Penalties (tax on top of tax) Liquor Tax Luxury Tax Marriage License Tax Medicare Tax Property Tax Real Estate Tax Service charge taxes Social Security Tax Road Usage [...] Read Full Story

First — read everything you can about the great depression and similar financial collapse - soviet union, argentina, etc. People lived through it — some better than others because they were prepared. Here are some suggestions for preparing for it: Think about the basics. Cut spending, hoard cash. Pay off debt. Buy some heirloom vegetable seeds [...] Read Full Story

US markets will very likely open lower with a full gap down. Due to enourmous selling pressure experienced friday, which will probably continue today, I think that we will drop lower even in the first minutes of trading. Now there are three scenarios: A. Markets start to recover a little after the initial drop, until [...] Read Full Story

by Eric deCarbonnel We have finally gotten to the point where most investors and the media understand the severity of the credit crisis and are expecting deflation. It is a good start, but unfortunately, it still isn’t quite right. Deflation will be in terms of gold, like in 1929 As deleveraging occurs and debt is [...] Read Full Story

WASHINGTON (MarketWatch) — Congressional Democrats and the Bush administration agree that Detroit’s Big Three need and deserve federal help, but they don’t agree on how much money the automakers should be given, or where it will come from. Given less than a week to reach an agreement, it’s possible nothing will be done until January at [...] Read Full Story

If you cant survive 5-10years without income youll know why millions protested, organised, unionised, and rioted in the 1930s. In the 1930s currency had gold backing unlike today. So a country couldnt just print money or offer stimulus plans and bailouts. This is fine if your the only one doing the printing but in this new [...] Read Full Story

Every year we get useless or gifts from people for birthdays, somebody day, holidays, etc. The stuff clutters the house. Then the wife got to worry about the doing the same for everybody, going to the stores, buying the same kind of junk, then wrapping it all up with fancy paper and all. I told [...] Read Full Story

By David Mildenberg Nov. 17 (Bloomberg) — Bank of America Corp., the company that’s buying Merrill Lynch & Co., plans to almost double its stake in China Construction Bank Corp. to about 19.1 percent. Bank of America will exercise its option to buy shares in China Construction from China SAFE Investments Limited, the Charlotte, North Carolina-based company [...] Read Full Story