How to Survive The Main Street Meltdown

"Informative, compelling, and even profound . . . But also downright, damn scary."— Fred Nickey, Shippensburg, PA
The collapse of the subprime mortgage market in the United States has led to stock market drops across the world. See the effect those investments have had on the European and Asian markets, reminding if of how connected we are in the global economy. But not just Wall Street is feeling the Squeeze; Main Street America is feeling the credit crunch as millions of Americans lose their homes or are unable to find loans even with excellent credit.

Wayne Madsen on The Benghazi Gate

Wayne Madsen breaks down the latest on Syria and jumps into the Benghazi testimony that is proving to be a 2016 presidential killer for Hillary Clinton.The way the media is controlled around these clowns, there are no more "Watergate Moments." Someone else will fall on the sword.

Michael Savage Covers Benghazi-Gate, Update on Charles Ramsey, Mentions Jodi Arias

Potential Whistle Blowers Are Being Threaten By Obama Admin Benghazi Gate State Dept Withholding Benghazi Documents - Whistleblowers Threaten By Obama's People?Hopefully, this will break wide open, and then we can impeach Obama. How long is America going to put up with this tyrant and his destruction of American? He is a joke and by far the worst mistake America has made. He has no leadership skills, he doesnt care about the people, only his own well being and agendas. He is a liar and is destroying America and taking away our freedom and the morality of America. We are looking like a weak joke to the rest of the world. He has already bankrupted this country.

Americans thrown in Jail for not paying off their Debt

The American Civil Liberties Union has launched a campaign to educate the public about the severity of holding too much debt. Civil liberties advocates say about 33 percent of US states jail people for not paying off their debts. Alabama, Florida and Ohio are three of the most costly states to be poor in. And according to a recent poll, Washington, DC is the country's most expensive city to live in.

Europe Is Dragging Down the US Economy - 2013 Economic Crisis Trigger

The global financial crisis (GFC) or global economic crisis is commonly believed to have begun in July 2007 with the credit crunch, when a loss of confidence by US investors in the value of sub-prime mortgages caused a liquidity crisis. This, in turn, resulted in the US Federal Bank injecting a large amount of capital into financial markets. By September 2008, the crisis had worsened as stock markets around the globe crashed and became highly volatile. Consumer confidence hit rock bottom as everyone tightened their belts in fear of what could lie ahead.




The sub-prime crisis and housing bubble
The housing market in the United States suffered greatly as many home owners who had taken out sub-prime loans found they were unable to meet their mortgage repayments. As the value of homes plummeted, the borrowers found themselves with negative equity. With a large number of borrowers defaulting on loans, banks were faced with a situation where the repossessed house and land was worth less on today's market than the bank had loaned out originally. The banks had a liquidity crisis on their hands, and giving and obtaining loans became increasingly difficult as the fallout from the sub-prime lending bubble burst. This is commonly referred to as the credit crunch.

Although the housing collapse in the United States is commonly referred to as the trigger for the global financial crisis, some experts who have examined the events over the past few years, and indeed even politicians in the United States, may believe that the financial system was needed better regulation to discourage unscrupulous lending.



The global financial crisis enters a new phase
The collapse of Lehman Brothers on September 14, 2008 marked the beginning of a new phase in the global financial crisis. Governments around the world struggled to rescue giant financial institutions as the fallout from the housing and stock market collapse worsened. Many financial institutions continued to face serious liquidity issues. The Australian government announced the first of it's stimulus packages aimed to jump-start the slowing economy.

The U.S. government proposed a $700 billion rescue plan, which subsequently failed to pass because some members of US Congress objected to the use of such a massive amount of taxpayer money being spent to bail out Wall Street investment bankers who some people may have believed could be one of the causes of the global financial crisis.

By September and October of 2008, people began investing heavily in gold, bonds and US dollar or Euro currency as it was seen as a safer alternative to the ailing housing or stock market.

In January of 2009 US President Obama proposed federal spending of around $1 trillion in an attempt to improve the state of the financial crisis. The Australian government also proposed another stimulus package, pledging to give cash handouts to tax payers, and spend more money on longer-term infrastructure projects. Australia's response to the global financial crisis - the first stimulus package
Australian prime minister Kevin Rudd and Treasurer Wayne Swan delivered their first budget in response to the global financial crisis, with the main objective being to fight inflation - a major problem in the local economy at the time.
The global financial crisis enters a new phase
The collapse of Lehman Brothers on September 14, 2008 marked the beginning of a new phase in the global financial crisis. Governments around the world struggled to rescue giant financial institutions as the fallout from the housing and stock market collapse worsened. Many financial institutions continued to face serious liquidity issues. The Australian government announced the first of it's stimulus packages aimed to jump-start the slowing economy.

The U.S. government proposed a $700 billion rescue plan, which subsequently failed to pass because some members of US Congress objected to the use of such a massive amount of taxpayer money being spent to bail out Wall Street investment bankers who some people may have believed could be one of the causes of the global financial crisis.

By September and October of 2008, people began investing heavily in gold, bonds and US dollar or Euro currency as it was seen as a safer alternative to the ailing housing or stock market.

In January of 2009 US President Obama proposed federal spending of around $1 trillion in an attempt to improve the state of the financial crisis. The Australian government also proposed another stimulus package, pledging to give cash handouts to tax payers, and spend more money on longer-term infrastructure projects.