American Economic Crisis

Glenn back second wave of home mortgage defaults

The second wave of mortgage defaults are coming this isn’t over yet.

2010-2012 deepening Banking Crisis – second wave of $1.5 trillion home loan defaults

A second wave of home defaults will strike Banks in 2010-2012. Over $1.5 trillion dollars of bad home loans will threaten the banking system and risk economic collapse. Condensed from a 60 minutes expose. Video response shows Option ARM reset chart 2010-2012

When will America Collapse? …..answers from Jim Rogers, Marc Faber, Gerald Celente and others

When will America Collapse? Answers from Jim Rogers, Max Wolf, David Walker, Gerald Celente, David Vickers, CNN’s Jack Cafferty The end of the Mayan Calender on Dec 2012 may just be coincidence with the coming economic turmoil, but damn isn’t it odd they picked that year. Only God can foresee the future, but it don’t look good.

2011 — The beginning of the End of America – Double Dip Recession turns into 10 year Depression

2011 – The United States begins its descent from prosperity to economic stagnation / depression in 2011 as the economic recovery stalls and a double dip recession occurs. The expiration of the Bush Tax cuts reinforces the economic decline and unemployment spikes over 10% again. 2011 is just the beginning and 2012 will be worse. Economic Collapse is likely by end of decade.

‘America will collapse’

America must work on starting a new economy and not restarting the old one or it will resemble the former Soviet Union, says author and blogger Dmitry Orlov.

VIDEO: ‘This Is Not America’: SWAT Team Evicts Grandmother, Community Fights Back

Day after day, the media and government ignore an ongoing national tragedy: a tsunami of foreclosures is still sweeping millions of Americans out of their homes. As many as three million American families this year will hear a terrifying knock on the door: a law enforcement officer will tell them to get out, because a bank won’t work out a fair deal and allow them to stay. But one remarkable grandmother this month refused to go quietly.  More …

33 Million Hungry Americans Why Does No One Care

America’s Homeless And Hungry Numbers Are Growing In Leaps And Bounds? Why Do We Not See This On CNN?

You know this week I was setting and watching the men being returned in body bags from Iraq and Afghanistan. And that really bothered me to see the young Marines carry the flag draped coffins from the plane. I love America and I served in the service but I am ashamed of what our country has become.  More …