Economy

Ron Paul: 22.8% Real Unemployment!

Last week, supporters of the current administration rejoiced over job numbers released by the Bureau of Labor and Statistics (BLS).  For the first time since the administration came to power, the official unemployment number fell below 8%.  Keynesian cheerleaders all claimed the numbers meant we are surely on the road …

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Government trying to make garage sales illegal

A little-known case may result in a ban on reselling any product made overseas without US copyright holders taking a share of the profits. A single ruling by the Supreme Court could make all secondary market sites – including garage sales – illegal. Kirtsaeng v. John Wiley & Sons will …

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Bankers Bag Nobel Peace Prize

European Union flags fly in front of the European Commission headquarters in Brussels

For the millions of Europeans now protesting against brutal austerity measures, awarding the Nobel Peace Prize to the European Union must seem no less unthinkable had the Committee of Five handed their tarnished trophy to Anders Breivik, the nationalist who indiscriminately killed 77 people last year in a madman’s attempt …

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Swiss study shows 147 corporations rule the world

147 companies rule the world

The Swiss Federal Institute (SFI) in Zurich released a study entitled “The Network of Global Corporate Control” that proves a small consortiums of corporations – mainly banks – run the world. A mere 147 corporations which form a “super entity” have control 40% of the world’s wealth; which is the real economy. …

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Is silver the new gold? (Infographic)

Is silver the new gold infographic

The value of silver has skyrocketed in recent decades –leading many investing experts to believe that silver’s price could outpace gold for the first time in history. This infographic covers silver’s meteoric increase and the factors that have led to silver’s exploding value. In short, it’s not speculation: silver is …

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Unsustainable

Pig drowning

When it comes to explaining the problems with our economy, one of the hardest things to do is to get people to understand that we are living in an economic fantasy world that is completely and totally unsustainable.  As a nation we consume far more than we produce, we spend …

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iSlave: Foxconn workers strike over iPhone 5 demands

iSlave iPhone 5 Foxconn

Thousands of factory workers at Foxconn went on strike Friday to protest their working conditions on the iPhone 5’s production lines, according to a report from an independent workers’ rights organization. Workers at Foxconn’s plant in Zhengzhou, China, were furious after management enacted “overly strict demands” for production of Apple’s (AAPL, Fortune …

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