Economic collapse leads to America's new Great Depression

Economic collapse leads to America's new Great Depression



In America today, the growing divide among the people isn't pitting Democrats against Republicans. Instead the gap seems to separate the haves from the have-nots. George Hemminger of Survive and Thrive TV says that the have-nots aren't providing enough income to their "masters," and as the rich get richer and the poor get poorer in what he calls America's second Great Depression, Hemminger believes it is only a matter of time before the proletariat storms DC with pitchforks and demands justice.

Peter Schiff: "US in process of collapsing"

Peter Schiff: "US in process of collapsing"

As the US financial crisis continues, the G20 has started to take place in South Korea. Going into the meetings the US hopes to "rebalance" the world's economies. Can US treasury Secretary Timothy Geithner do anything substantial at the G20 meetings? Peter Schiff from Euro Pacific Capital says for the US to continue its failed policy and blame other countries for what is an American problem makes no sense.

Poverty: The American nightmare

Poverty: The American nightmare


One in seven Americans now live on or below the poverty line, according to figures published by the US Census Bureau. It is the sharpest annual rise for three decades, and analysts predicted next year's figures will be even worse. Rev. Graylan Hagler says that as a Pastor he sees people who have been gainfully employed their whole life and are now suffering due to the slumping economy.