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Countdown to Financial Armageddon
Tracking the final days of the debt bubble
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Better Get Used To It! Bernanke Says: Long-Term Unemployment a 'National Crisis'

Better Get Used To It! Bernanke Says: Long-Term Unemployment a 'National Crisis' | Countdown to Financial Armageddon | Scoop.it

Federal Reserve Chairman Ben Bernanke said Wednesday that long-term unemployment is an American "national crisis" and suggested that Congress should take further action to combat it.

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FREE SUBSCRIPTION! The DebtQuake Monitor

FREE SUBSCRIPTION! The DebtQuake Monitor | Countdown to Financial Armageddon | Scoop.it

America and Europe are on the brink of complete financial meltdown. In the coming weeks and months we could see stock markets collapse, property values fall and the price of fuel and food soar as we enter a depression that could last years or even decades.

 

Follow the latest on the crisis plus how to prepare yourself for the challenges and the profit opportunities ahead. Click on the image to start your free subscription

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US on 'Knife's Edge': Fed Economist

US on 'Knife's Edge': Fed Economist | Countdown to Financial Armageddon | Scoop.it

The U.S. economy is on a "knife's edge" between growth and contraction, and if it were a dashboard, it would be flashing "watch out, danger ahead on all gauges," a Fed economist said Tuesday.

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