US Action News

The government is in what is known as a debt death spiral. They must borrow money to repay prior debts. It is as if they are using their Visa Card to make an American Express payment. The rate of new debt additions dwarf any rate of growth the economy can possibly achieve. The end is certain, only its timing is unknown.

Every facet of global manufacturing is slowing …

Taxmageddon will be the largest tax increase EVER to hit Americans. It’s nearly $500 billion in one year, starting January 1. That’s two months away.

Since September 1st, we have seen more job cuts announced than during any other two month period since the start of 2010. These announcements represent future layoffs and job losses which are not even showing up in the unemployment numbers yet.

By keeping real interest rates negative the Federal Reserve is destroying the value of your money and raising the costs of everything. Economist Marc Faber explains the dire consequences on the global horizon.

We all need to get mentally, emotionally and spiritually prepared for what is ahead.

There’s still a 100 percent chance the world heads into recession, Marc Faber, publisher of “The Gloom, Boom & Doom Report,” told CNBC’s “Closing Bell” on Thursday, echoing a call he made in May. – cnbc.com

In the middle of this fiscal disaster, the government has no budget. That’s right .. The [Democrat] Senate failed to produce a budget for the third year in a row.

That’s the problem: a dysfunctional government made up of kleptomaniacs writing phony checks on the future and a population addicted to easy money and unfunded entitlements. What’s the solution?

When the next wave of the financial crisis hits, the U.S. economy is going to fall back into recession, financial markets are going to crash and unemployment is going to absolutely skyrocket. But you will never hear any of that from the Federal Reserve.