Due to ravages of economic crisis there will be over 28 million people unemployed or underemployed by 2010, with nearly 50 million people living in poverty (e.g. a family of 4 with a income of no greater then $22,050) and struggling with no health insurance or health care of any kind. (November 30, 2009) For more 2010 predictions (so far)
Read moreBy the close of 2010 it will become clear that the additional 30,000 troops deployed by the Obama Administration (bringing the total number of American troops in the country to 100,000) will be insufficent to counter an increasingly confident Taliban insurgency operating deep inside of Northern Pakistan. In the face of mounting American casualties and lack of faith in Karziai’s
Read moreIt is obvious that the Federal Reserve (the Fed) is largely to blame for the current debt bubble by manipulating the price and supply of money and infusing large amounts of liquidity into the free market while keeping interest rates much too low, for much too long. According to economist Barry Eichengreen of the University of California at Berkeley and
Read moreNOTE: (June 30, 2009) (Reuters) The lengthy recession has proved discouraging for the swelling ranks of unemployed Americans, and forced U.S. states obligated to pay them jobless benefits to pile debt on their already strained budgets. Fifteen states have depleted their unemployment insurance funds so far, forcing them to borrow from the U.S. Treasury. A record 30 of the country’s
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WILLIAM STICKEVERS 