US Action News

Home prices are still declining amid excess supply,” “Although transactions have started to pickup, buyers are looking for very low prices. -Bloomberg.com

Hopefully the charts in this article will help people realize just how nightmarish our economic problems have become, because until people start realizing how incredibly bad things have gotten they will never be willing to accept the dramatic solutions that are necessary to fix our financial system.

Unemployment, as measured by Gallup without seasonal adjustment, increased to 9.8% at the end of January, up from 9.6% at the end of December.

It’s worth asking whether we’ll see 4% unemployment again-and what it will take for us to get there.

Instead of facing reality, our federal government, our state governments and our local governments just keep borrowing massive amounts of dollars to try to paper over all of our problems.

UK unemployment has risen back over the 2.5 million mark, fanning fears that Britain is suffering a “jobless recovery”.

If you think that things are bad now, just wait. Things are going to get a whole lot worse. A horrific economic collapse is coming, and it is going to be very, very painful.

The Fed operated as a global pawnshop taking in practically anything the banks had for collateral.

Congress created the Federal Reserve System in 1913 to promote stable money and banking, and to lessen the disruptive ups and downs of the business cycle. The Fed has failed dismally.

Less than three weeks from the November elections, economic reports showed a weakening economy, further dampening efforts by President Barack Obama to convince voters that the economy “is on the right track.”