Dust-bowl refugees walk towards Los Angeles during the Great Depression. House prices have now fallen further than in the 1930s. The economic powerhouse of the 20th century emerged stronger from the Depression. But faced with cultural decay, structural weaknesses and reliance on finance, can the US do it again? America clocked up a record last week. The latest drop in house prices meant that the cost... 

Union members hold up “I want to work” placards as they join a protest of several thousand people demanding jobs outside City Hall in Los Angeles on August 13, 2010. Even the criminals have fallen on hard times in America’s poorest city as the long-term unemployed struggle to keep a grasp on normality. Richard Gaines is one of the best-known faces on Camden’s Haddon Avenue.... 

China is set to become the world's biggest manufacturer next year The US remained the world’s biggest manufacturing nation by output last year, but is poised to relinquish this slot in 2011 to China – thus ending a 110-year run as the number one country in factory production. The figures are revealed in a league table being published on Monday by IHS Global Insight, a US-based economics consultancy. Last... 

Obama US government will be handed the power to seize control of a failing bank and derivatives trading will be subject to new controls. Wall Street banks face their toughest clampdown since the Great Depression after the US Senate passed Barack Obama’s banking reform bill. In a historic change, the US government will be handed the power to seize control of a failing bank to avoid a collapse... 

TODAY THE FEDERAL RESERVE, America’s private central bank, began to ship billions of dollars to the central bankers of Europe in an attempt to stem the fall in the value of the euro created by Greece’s debt crisis. The total value of the deal could easily top $1 trillion according to experts. Americans — suffering from high unemployment and a tanking economy themselves — are expressing... 

Death of US Economy (click on the image to enlarge) Spiraling debt is Uncle Sam’s shock collar, and its jolt may await like an invisible pet fence. “Nobody knows when you bump up against the limit, but you know when it happens it will really hurt,” said fiscal watchdog Maya MacGuineas of the Committee for a Responsible Federal Budget. The great uncertainty about how much debt is too... 

The President of the European Central Bank, Jean-Claude Trichet, told Forbes that global governance is extremely necessary if we want to prevent another financial crisis. In his prepared printed and spoken remarks to the Council on Foreign Relations, Trichet emphasized that politicians, economists, and financiers must work across the Atlantic and collaborate on methods to create an international set... 

Hyperinflation Nation is a short documentary about the falling US economy. Hyperinflation Nation Part 1/3  Read More »