Companies' cash is drying up, with dire consequences for their workers ... Unpaid wages in China ... Efforts to curb inflation in China are having some painful side-effects. A squeeze on bank lending has prompted some businesses short of cash to stop paying wages to blue-collar workers. Even the ...

Read more: China Runs Out of Money

7 Things About The Monolithic Predator Corporations That Dominate Our Economy That Every American Should Know

Right now, there is a lot of talk about the evils of "capitalism".  But it is not really accurate to say that we live in a capitalist system.  Rather, what we have in the United ...

Read more: Corporatism Is Not Capitalism

The Alleged Superiority of the Income Tax

Orthodox neoclassical economics has long maintained that, from the point of view of the taxed themselves, an income tax is "better than" an excise tax on a particular form of consumption, since, in addition to the total revenue extracted, which is assumed to ...

Read more: The Consumption Tax: A Critique

There are 27 members on Barack Obama's job creation panel, and most of them are corporate executives.  The formal name of the panel is the President's Council on Jobs and Competitiveness, which is kind of ironic considering the fact that many of the CEOs on the panel have been rapidly shipping ...

Read more: CEOs On Obama's Job Creation Panel Are Shipping Jobs Out Of The United States

When the currency system as we know it dies, some people will become very wealthy. In this special report from the Casey Research/Sprott Inc. Summit "When Money Dies," The Gold Report cornered Global Resource Investments Founder and Chairman Rick Rule, Casey Research Senior Editor Louis James and Casey ...

Read more: Casey Research Summit Special Report: Surviving the Death of Money

Will the bad financial news ever stop?  A lot of people in the financial world were hoping for a much better fourth quarter after an absolutely disastrous third quarter.  Well, if Monday was any indication, October could end up being a really rough month for global financial ...

Read more: Bad Financial News Keeps Pouring In: 14 Facts That Just Might Scare The Living Daylights Out Of You

"....A major financial collapse in Europe would just accelerate our plunge into a new economic crisis...."

We are getting so close to a financial collapse in Europe that you can almost hear the debt bubbles popping. All across the western world, governments and major banks are rapidly becoming ...

Read more: Prophets Of Doom: 12 Shocking Quotes From Insiders About The Horrific Economic Crisis That Is Almost Here

How in the world does the average American family survive in this economy?  The median household income is a little bit less than $50,000 a year right now.  So let's call that about $4000 a month.  But before any of that money gets spent, you have to take out at least $1000 in ...

Read more: 17 Facts That Prove That The Average American Family Is Getting Absolutely Pulverized By This Economy