Underwater Mortgages Hit 11.3 Million

March 1st, 2010

There is a reason that 702 American banks, nearly one in ten, were on the FDIC “problem list” as of the end of 2009. A large number of small and mid-sized banks are burdened with home and commercial mortgages that are in default and may even go into foreclosure.

The Unemployed Now Have Their Own Union, and It's Catching on Quickly

Written By Harry Kelber
March 1st, 2010

It's been only a month that a union for the unemployed has come into existence through an ingenious grass-roots organizing campaign. In case you haven't heard about it, the union's name is "UR Union of the Unemployed" or its nickname, "UCubed," because of its unique method of organizing.

The Dollar Bubble

February 18th, 2010

The coming ultimate crisis for the United States and quite possibly the world is explained in detail in this 30 minute documentary by N.I.A.  (The National Inflation Association). This is a must see documentary for all

International Monetary Fund to Sell Another 191 Tons of Gold

Written By Michael Kitchen
February 18th, 2010

The International Monetary Fund said Wednesday that it plans to sell 191.3 tons of gold, likely on the open market, pushing spot prices and gold-miner shares lower. The value of the planned sales would be worth about $6.19 billion at current prices, according to CNBC. The sales would follow the unloading of 212 tons of IMF gold to central banks, part of a gold-sale program approved by the IMF's executive board in September of last year.