Household Net Worth Plunges By Most Since Q4 2008, As Government Borrowing Surges

17th September 2010

(ZeroHedge) – Arguably the most useful report to come out each quarter out of the Federal Reserve is the Z.1, or the Flow of Funds report, which was released minutes ago. And it’s a doozy: household net worth (assets less liabilities) in Q2 2010 plunged by $1.5 trillion, almost exclusively due to a plunge in Corporate Equities ($0.9 trillion) and Pension Fund holdings ($0.7 trillion). In other words, the net wealth of the US household continues to track the performance of the stock market tick for tick. And one wonders why the Fed, per Alan Greenspan’s admission, is only focused on ramping stocks up to all time highs. Total household financial assets declined by $1.7 trillion to $43.7 trillion, which was the biggest swing factor, as the tangible assets, or housing, was kept flat at $23.7 trillion. Read the rest of this entry »

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Video: Peter Schiff – The Crisis Starts Now!

17th March 2010

(Yahoo) – Tech Ticker – March 16, 2010

[youtube=http://www.youtube.com/watch?v=9UFSVa_GSfY]

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Decline in Credit Card Debt in the United States – Bob Chapman

13th January 2010

Review of Markets – Americans borrowed less for a 10th consecutive month in November with total credit and borrowing on credit cards falling by the largest amounts on records going back nearly seven decades. Read the rest of this entry »

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There Is NO Economic Recovery Happening

9th January 2010

(MarketTicker) – We cannot recover until we purge the excess debt from the system, and the longer we take to do that, the longer the pain will last and the worse it will be. Read the rest of this entry »

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Nelson offers war bonds bill

9th December 2009

(OmahaWorldHerald) – In an attempt to help avoid sharp tax increases or increase foreign borrowing, Sen. Ben Nelson on Tuesday introduced the U.S. War Bonds Act of 2009. Read the rest of this entry »

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Gold and Freedom – Campaign for Liberty

6th November 2009

Among the major threats facing the American people today is out-of-control spending at the hands of the U.S. government. It is a grave danger that people have faced throughout history from their own governments. After all, let’s not forget the oft-repeated claim by U.S. officials about how they brought down the Soviet Union — by causing the Soviet government to spend itself into bankruptcy and ruin. Read the rest of this entry »

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When the Dollar Rallies, the Market will Crash – Mike Whitney

5th November 2009

Interest rates. The Fed does not need slinky women in plunging necklines to peddle money. All it needs is low interest rates. When rates are pushed lower than the rate of inflation, the Fed provides a subsidy for borrowing. This is not as hard to grasp as it sounds. If I offered to give you $1.00 for very 90 cents you gave me in return, you would buy as many dollars from me as you could. The Fed operates the same way. Read the rest of this entry »

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US Joins Ranks of Failed States – Paul Craig Roberts

21st October 2009

The US has every characteristic of a failed state.

The US government’s current operating budget is dependent on foreign financing and money creation. Read the rest of this entry »

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Posted in Afghanistan, Dictatorship, Economic Crisis, Education/Mind Control, Energy, Fascism, Middle East, NWO, Politics/Corrupt, War/Draft | 1 Comment »

Three Government Reports Point to Fiscal Doomsday

5th October 2009

When our leaders have no awareness of the disastrous consequences of their actions, they can claim ignorance and take no action. Read the rest of this entry »

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The Recovery That Isn’t – Peter Schiff

3rd October 2009

For those market boosters who are prattling on about the possibility of a “jobless recovery,” I offer an invitation to join me for a breakfast of “fat-free bacon,” “eggless omelets,” and “no-carb bread.” As unappetizing as such a meal may sound, it would nevertheless offer more substance than the oxymoronic concept of an economic resurgence without job creation. Read the rest of this entry »

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The Recovery That Isn't – Peter Schiff

3rd October 2009

For those market boosters who are prattling on about the possibility of a “jobless recovery,” I offer an invitation to join me for a breakfast of “fat-free bacon,” “eggless omelets,” and “no-carb bread.” As unappetizing as such a meal may sound, it would nevertheless offer more substance than the oxymoronic concept of an economic resurgence without job creation. Read the rest of this entry »

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MSM: US May Face 'Armageddon' If China, Japan Don't Buy Debt

24th September 2009

(CNBC) – The US is too dependent on Japan and China buying up the country’s debt and could face severe economic problems if that stops, Tiger Management founder and chairman Julian Robertson told CNBC. Read the rest of this entry »

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Stiglitz Says MSM: Banking Problems Are Now Bigger Than Pre-Lehman

13th September 2009

(Bloomberg) — Joseph Stiglitz, the Nobel Prize- winning economist, said the U.S. has failed to fix the underlying problems of its banking system after the credit crunch and the collapse of Lehman Brothers Holdings Inc. Read the rest of this entry »

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Video: Ron Paul at Loyola

6th September 2009

A one hour injection of raw liberty. – September 3rd, 2009 Read the rest of this entry »

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How Bad Will It Get? – Mike Whitney

3rd September 2009

The U.S. economy is at the beginning of a protracted period of adjustment. The sharp decline in business activity, which began in the summer of 2007, has moderated slightly, but there are few indications that growth will return to pre-crisis levels. Read the rest of this entry »

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The Spend-And-Borrow Economy – Nouriel Roubini

28th August 2009

In the last few months the world economy has been saved from a near-depression. That feat has been achieved by a range of extraordinary government stimulus measures: In the U.S. and in China, and to a lesser extent in Europe, Japan and other countries, governments have pumped liquidity, slashed policy rates, cut taxes, primed demand and ring-fenced and back-stopped the financial system. All of this has worked, but at a cost. Governments have been spending and borrowing like never before. The question now is: how do they stop? Read the rest of this entry »

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Video: Buffett: We're Going to Be Crushed Under Mountain of Debt

19th August 2009

A highly influential American has finally hit the panic button about the tremendous mountain of debt the country is piling up. Read the rest of this entry »

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Posted in Dictatorship, Economic Crisis, Education/Mind Control, Fascism, Film/Video, NWO, Politics/Corrupt | 4 Comments »

Less Government or Lower Wages? You Decide – Peter Schiff

15th August 2009

The nationwide revelry surrounding our apparent economic recovery was disrupted this week by the release of lower-than-expected retail sales data. However, rather than sending a chill up the spines of those hoping for a quick end to the downturn, the numbers should be welcomed. Though this may come as a surprise to most observers, lower retail sales are precisely what our economy needs. Read the rest of this entry »

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The Worst is Ahead of Us

15th August 2009

The news that the jobless rate in this country has gone from 9.5 percent in June to 9.4 percent last month has led President Obama to declare that his policies have “saved the U.S. economy from catastrophe” and have led to another rally in the stock market.  While I wish I could agree with the President – I really do wish that – I cannot do so, and I must say, “Not so fast, Mr. Obama.” Read the rest of this entry »

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IMF & World Bank Destroying Countries

13th July 2009

The World Bank – IMF is owned and controlled by NM Rothschild and 30 to 40 of the wealthiest people in the world. For over 150 years they have planned to take the world over through money. Read the rest of this entry »

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MSM: UPDATE 2-Kohn warns Congress on meddling in Fed's affairs

12th July 2009

(Reuters) – The U.S. Federal Reserve on Thursday launched a robust defense of its independence and warned that efforts in Congress to put monetary policy under political sway would hurt the economy. Read the rest of this entry »

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Senate Blocks Bill To Audit The Fed As Government Prepares For Second Round Of Looting

7th July 2009

A Senate amendment based on Congressman Ron Paul’s successful House bill to audit the Federal Reserve was blocked by the Senate yesterday evening on procedural grounds, as Jim DeMint slammed the Fed for refusing to disclose where trillions in bailout funds had gone, while a top Obama administration advisor called for a second “stimulus” package to be prepared. Read the rest of this entry »

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Video: DeMint amendment to audit the Federal Reserve blocked by Senate Leadership

7th July 2009

Senator Jim DeMint (R-SC) is blocked by Senate Democrat Leadership from having a vote on his amendment to audit the Federal Reserve, based on a bill authored by Congressman Ron Paul (R-Texas) in the House, H.R. 1207, and Senator Bernie Sanders (D-Vermont) in the Senate, S. 604. Read the rest of this entry »

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Government Is Out To Make You Poor

12th June 2009

I seldom become depressed, but when I consider that prosperity is created by “peace, easy taxes and a tolerable administration of justice” I really think that the U.S. and other Western governments are doing their very best to impoverish their countries. Read the rest of this entry »

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Posted in Dictatorship, Economic Crisis, Education/Mind Control, Fascism, NWO, Politics/Corrupt | 1 Comment »

MSM: Rising U.S. bond yields may spark Credit Crisis II

30th May 2009

(Reuters) – The global financial crisis may morph into a second, equally virulent phase where borrowing costs rise again, hobbling an embryonic economic recovery, debilitating cash-strapped banks, and punishing investors all over again. Read the rest of this entry »

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Restoring National Sovereignty with A Truly National Banking System

23rd May 2009

This is the sixth and final article on Ellen Brown’s superb 2007 book titled “Web of Debt,” now updated in a December 2008 third edition. It tells “the shocking truth about our money system, (how it) trapped us in debt, and how we can break free.” This article focuses on establishing a people-oriented banking system. It’s high time we had one and reclaimed what’s rightfully ours. Read the rest of this entry »

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Balance the Budget! – Rand Paul

22nd May 2009

“The state is the great fiction by which everyone seeks to live at the expense of everyone else.” Frédéric Bastiat

The question is, “How long can that great fiction continue?” Read the rest of this entry »

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Video: Jim Rogers On Lew Rockwell – 5-17-09

18th May 2009

Read the rest of this entry »

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The Death of the Dollar?

11th May 2009

First, let me start with a few basic economic terms to get everyone on the same page:

inflation: a persistent, substantial rise in the general level of prices related to an increase in the volume of money and resulting in the loss of value of currency Read the rest of this entry »

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Video: Gordon Brown´s visit to the European Parliament

25th March 2009

Leader Farage and Daniel Hannan tears into Gordon Brown who sits grinning like a deranged chimpanzee. Read the rest of this entry »

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The 2008 World Economic Crisis: Global Shifts and Faultlines

15th February 2009

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How to Bankrupt a Nation

28th October 2008

How would you bankrupt yourself? You’d want to get yourself into a position where you could not pay off your debts. You’d run up big credit card bills. You’d borrow heavily. You’d mortgage and re-mortgage your house. You’d splurge on your spending. The money would go – to clothes, restaurants, and hairdressers. Read the rest of this entry »

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The Fed uses Wall Street 'shock' as cover for deregulation

16th September 2008

The Financial Times first reported in news that Wall Street banks are fighting for life early this morning that the U.S. Federal Reserve was making “it easier for financial institutions to access Fed liquidity by easing terms on its borrowing facilities and accepting a much wider range of assets as collateral.”

The Fed likely figured the shock of bank failure today was an excellent time to sneak in a regulatory change. The Fed “widened the set of assets eligible as collateral for loans of Treasuries to include all investment grade paper, and raised the size of these Treasury loans to $200bn.” Read the rest of this entry »

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