Category Economic Collapse

Half the collective wealth of African-American families was stripped away during the Great Recession

Slate By the official end of the recession in 2009, median household net worth for blacks had fallen to $5,677—a generation’s worth of hard work and progress wiped out. (The number for whites, by comparison, was $113,149.) Overall, from 2007 to 2010, wealth for blacks declined by an average of 31 percent, home equity by an […]

Before the Collapse, a Call to Action

by KEVIN ZEESE and MARGARET FLOWERS http://www.counterpunch.org Before we get to the impact of the Obama budget, let’s explode a critical myth: there is no recovery (at least for the 99%). Last month’s unemployment numbers revealed the fraud of the unemployment rate.  Even though the country produced less than 90,000 new jobs, when over 120,000 […]

Time for the law

The Madness Of a Lost Society [video]

  Another ‘Black Friday’ has come and gone. And, it has left us with further evidence of the complete madness of the populace of our nation. America has been dealt a fatal blow by corporate greed, Bankster malfeasance and the insidious nature of collectivism — and it’s all been done to us by design. The […]

The Pain in Spain: A Warning To America

by Alexander Higgins Spain’s police state has spiraled out of control as riot police are now running throughout the streets beating everyone in sight, men and woman, young and old. When the people demand democracy from an oligarchy that rules their subjects trough the strong-arm of a totalitarian police state the streets fill with the madness […]