Whopping 932,000 Americans Drop Out Of Labor Force In October; Participation Rate Drops To Fresh 35 Year Low

Zero Hedge The only two charts that matter from today’s distroted nonfarm payrolls report. First, the labor force participation rate, which plunged from 63.2% to 62.8% – the lowest since 1978! But more importantly, the number of people not in… Continue Reading

Oxford Professors: Robots And Computers Could Take Half Our Jobs Within The Next 20 Years

Michael Snyder Economic Collapse Blog What are human workers going to do when super-intelligent robots and computers are better than us at doing everything?  That is one of the questions that a new study by Dr. Carl Frey and Dr.… Continue Reading

40-50 House Republicans Secretly Ready to back immigration reform

Ian Swanson TheHill.com Forty to 50 House Republicans will support immigration reform, Rep. Luis Gutiérrez (D-Ill.) predicted Thursday. Gutiérrez said many of the Republicans supportive of immigration reform don’t want to be identified, but he insisted they would support comprehensive… Continue Reading

Detroit files for bankruptcy

Robert Snell Daniel Howes Chad Livengood David Shepardson detroitnews.com Detroit—The city of Detroit filed the largest municipal bankruptcy case in U.S. history Thursday afternoon, culminating a decades-long slide that transformed the nation’s iconic industrial town into a model of urban… Continue Reading

Infinite quantitative easing (QE3) now initiated; the final chapter of America’s financial blowout has begun

Mike Adams Natural News (NaturalNews) This is it, folks: the final chapter of America’s great financial blowout has begun. The Federal Reserve’s decision to announce “infinite” quantitative easing has now put us all on the path of infinite money creation.… Continue Reading

How QE3 Will Make The Wealthy Even Wealthier While Causing Living Standards To Fall For The Rest Of Us

Michael Snyder Economic Collapse Blog September 17, 2012 The mainstream media is hailing QE3 as a great victory for the U.S. economy. On nearly every news broadcast, the “talking heads” are declaring that Ben Bernanke’s decision to pump 40 billion… Continue Reading