New Heritage Analysis Finds Average American Family Is Effectively $7,400 Poorer Under Biden
Lost purchasing power combined with falling real wages, has caused the average American family to lose $7,400 in annual income since Biden took office.
Leading US Economic Indicator Falls for 10th Straight Month, Suggesting Recession Soon
Key indicator gauging health of American economy fell for tenth straight month in Dec, exceeding forecasts and suggesting a potential recession months ahead.
China Seeks to Dethrone Dollar to Corner World Energy Markets
Plan by China and Russia to replace U.S. dollar as the world’s reserve currency has had a string of recent successes, as China builds a rival monetary system.
US Reaches Debt Ceiling, Forcing Treasury Into ‘Extraordinary Measures’
U.S. has officially reached its statutory debt limit of $31.381 trillion on Jan. 19 as was predicted by Sec. Janet Yellen in a letter to Congress on Jan. 13, 2023.
Federal Fiscal Burden Consumes 93% of America’s Wealth
Based on data from a U.S. Treasury report, the federal government has amassed $142 trillion in debts, liabilities, and unfunded obligations.
US Cattle Inventory Forecast Falls to Lowest Level in Nearly a Decade: USDA
Declining cattle production and drought contributed to a sizable drop in beef supplies last year, the lowest in nearly a decade, according to the USDA.
Economist Dubbed ‘Dr. Doom’ Says We’re Back in Great Financial Crisis Territory but This...
Economist Nouriel Roubini, who’s been dubbed “Dr. Doom” for his gloomy-yet-correct prediction of the 2008 market meltdown, told Bloomberg in a recent interview that...
Federal Deficit to Double to $2 Trillion Even as Biden Boasts Deficit-Cutting
As Biden touted Bidenomics, fiscal policy research group warned of "unprecedented" explosion in federal budget deficit, to double to $2 trillion this year.
Biden Insists Financial System Is ‘Safe’ Following Failures of SVB, Signature Bank
President Biden on failures of banks, insists U.S. financial system is “safe” after Fed Reserve rolled out emergency lending program to stabilize banking system.
What Will You Use as Money If the Dollar Dies?
U.S. dollar could go the way of all paper-currencies given the reckless policies of the past 3 years, we should be surprised that it hasn’t happened yet.
Bank Deposit Bailouts Could Cost Taxpayers Billions
Following regional bank failures regulators were quick to guarantee all depositors for full balance of their bank accounts, even beyond $250,000 limit set by FDIC.
What’s Inside McCarthy’s Debt Ceiling Deal With Biden
After months-long standoff, Speaker Kevin McCarthy and President Joe Biden reached a final deal to raise the debt ceiling, which now heads for vote in Congress.
