An eye opening video by our own politicians.  See what is really going on within the Federal Reserve.

read more from this topic.....

Michigan Jobless Rate Leaps to 14.1%
Michigan’s jobless rate hit 14.1 percent in May, a near-26 year high, according to data released today by the Michigan Department of Energy, Labor & Economic Growth .
The U.S. unemployment rate rose by half a percentage point in May, to 9.4 percent.
“Major events continued to unfold in Michigan’s auto industry [...]

read more from this topic.....

Unemployment Rising and Economy Still in Decline
For much of last week, it was possible to think that the economy was looking up. Various indicators, though weak, were not as bad as expected.
On Friday, reality bit back with the news that the unemployment rate spiked in March, to 8.5 percent, a 25-year high. The government’s report [...]

read more from this topic.....

People are Leaving Michigan at an Alarming Rate
Joe LaCross drives American cars. Always has. Born and raised in the blue-collar suburbs of Detroit, this son of a welder wouldn’t dream of rolling past his autoworker neighbors in a Toyota. But not long ago the 38-year-old pulled into the driveway of his Sterling Heights home in [...]

read more from this topic.....

Why Not Just Let AIG Go Under?
Last week’s outrage over big bonuses paid to executives at AIG has more than a few readers wondering: Why can’t we just let these big companies go out of business?
Roughly half of the $180 billion the government has given AIG has already flowed, indirectly, to the “counterparties” that bought [...]

read more from this topic.....

Bankruptcy and Bad Credit Losing its Shame
Many People are Walking Away From Their Homes
Declaring personal bankruptcy may not carry the same stigma it once did.
As unemployment rates skyrocket and home values plummet, new attitudes toward debt may explain why more people are letting their homes and other assets go rather than working out a debt [...]

read more from this topic.....

Obama Says Present Financial Crisis is Great Opportunity
WASHINGTON (AP) — President Barack Obama on Saturday challenged his country to see its hard times as a chance to “discover great opportunity in the midst of great crisis.”
“That is what we can do and must do today. And I am absolutely confident that is what we will [...]

read more from this topic.....