(LeftLibertarian) – The point of this video is not to attack markets per se but how they are perceived as being democratic. Read the rest of this entry »

(Google) – Google’s popular Street View project may have collected personal information of members of Congress, including some involved in national security issues.

The claim was made by leading advocacy group, Consumer Watchdog which wants Congress to hold hearings into what data Google’s Street View possesses.

Google admitted it mistakenly collected information, transmitted over unsecured wireless networks, as its cars filmed locations for mapping purposes.

Google said the problem began in 2006.

The issue came to light when German authorities asked to audit the data. Read entire article

(OrangeCountyRegister) – Big Brother wants to watch you more closely. Especially how you spend your money.

His latest snooping plan comes from provisions in the banking bill being debated in the Senate. The bill is being pushed by Sen. Chris Dodd, D-Conn., chairman of the Senate Banking Committee. Among other things, the bill is supposed to alert regulators to hazards in the industry to prevent another financial meltdown like the one that started in September 2008, and to make it easier to spot rip-off artists like Bernard Madoff.

(ZeroHedge) – March Foreclosures Surge To Absolute Record, At 369,491, 19% Jump from February

RealtyTrac reports the next catalyst that will surely take the Dow to 12,000 by 9:31 am tomorrow. “Foreclosure filings were reported on 367,056 properties in March, an increase of nearly 19 percent from the previous month, an increase of nearly 8 percent from March 2009 and the highest monthly total since RealtyTrac began issuing its report in January 2005.” And people were wondering where consumers get all their money from. Read More Here

(Guardian) – Wall Street banks line up to deliver strong profits

Arguably the star performer to emerge from the financial crisis, JP Morgan is set to kick off the US banking industry’s earnings season today with a first quarter profit expected to be about $2.9bn (£1.8bn). Although a sharp increase from $2.14bn a year ago, that number is a drop from JP Morgan’s profit of $3.28bn during the final quarter of 2009 as losses from credit cards, delinquent mortgages and consumer loans take their toll. Read More Here

(InternationalForecaster) – U.S. Economy: The Move Towards Deflation is Underway – Bob Chapman

Those of you 60 years old and older will spend the next 25 years struggling to survive one of the worst depressions in history or doing whatever you can to support your children and grandchildren. Read More Here

(CNBC) – Mortgage Defaults May Be Driving Consumer Spending

Hate to be an “I told you so…”

Lender Processing Services just put out its “Mortgage Monitor Report,” and we have a new record: Read More Here

(WSJ) – The Jobs Picture Still Looks Bleak

Many outsourced jobs will never return, and median income will likely continue to fall just like it did during the last so-called recovery. Read More Here

(SeattleTimes) – Millions of unemployed may never recover

Despite recent job gains, one grim statistic casts a long shadow over the recovering economy and the futures of more than 6 million workers: Fully 44 percent of the nation’s 15 million unemployed have been out of work for more than six months. Read More Here

(Reuters) – Markets could be derailed again, warns Soros

Railway porter-turned-billionaire financier George Soros delivered a stark warning last night that the financial world is on the wrong track and that we may be hurtling towards an even bigger boom and bust than in the credit crisis. Read More Here

(EndOfTheAmericanDream) – 11 Examples Of How Insanely Corrupt The U.S. Financial System Has Become

If you ask most Americans, they will agree that the financial system is corrupt. It is generally assumed that just like most politicians, most big bankers are corrupt by nature. But the truth is that the vast majority of Americans have no idea just how corrupt the U.S. financial system has become. Read More Here

(BusinessInsider) – Morgan Stanley: A Eurozone Collapse Is Now Far More Likely, Here Are The Canaries To Watch Out For

The latest Global Monetary Analyst raises the notion of stronger Eurozone nations ditching the euro in order to form a stronger, smaller currency union. Read More Here

(EconomicCollapse) – The Federal Reserve Created This Financial Mess

When you watch the mainstream news, how often do you hear them identify the Federal Reserve as the ultimate source of all of our financial problems? Never? Well, there is a good reason. The Federal Reserve was created and continues to benefit the elite international bankers that are raping the United States blind financially. Read More Here

(SteveWatson) – Video: Banksters Rally Round Fed To Keep Bailout Trillions Secret

The largest commercial banks in the U.S. are ready to go all the way to the Supreme Court to block the public release of details pertaining to the Federal Reserve’s 2008 secretive $2 trillion bailout. Read the rest of this entry »

(MoneyTeachers) – Now that the Canadian Parliament is back in session, the rebirth of Bill C-6 looms large on the horizon, bringing with it a threat that belies its benign- sounding formal name, “The Canada Consumer Product Safety Act”. The bill, pushed hard by the government in its last session, but abandoned when Parliament was prorogued, is due to be reintroduced within weeks. Read More Here

Johnson & Johnson Under Justice Dept. Scrutiny for Illicit Drug Payoffs, Kickbacks

The U.S. Justice Department has announced that it is investigating pharmaceutical giant Johnson & Johnson for paying kickbacks to pharmacy benefits manager Omnicare. Read More Here

Antidepressant drugs cause premature births

A recent study published in the American Journal of Obstetrics & Gynecology revealed that pregnant women who take selective serotonin reuptake inhibitors (SSRIs) during their second or third trimesters are five times more likely to have a premature delivery than those not taking them. Such antidepressant drugs include sertraline (Zoloft), paroxetine (Paxil), and fluoxetine (Prozac). Read More Here

Honeybee Colony Collapse Disorder Finally Explained: Too Many Chemicals

A combination of toxic chemicals and pathogens are probably to blame for colony collapse disorder in honeybees, according to a study conducted by researchers at Washington State University. Read More Here

Just Walking Three Times a Week Slashes Death Rate Risk by 60 Percent

As little as 30 minutes of aerobic exercise three times per week can reduce the risk of early heart-disease-related death by 60 percent, according to a study conducted by researchers from the Department of Cardiology in New Orleans and published in the American Journal of Medicine. Read More Here

Non-stick chemical in cookware linked to thyroid disease

A British study published in the journal Environmental Health Perspectives has found that people with high levels of perfluorooctanoic acid (PFOA) in their blood also have higher rates of thyroid disease. PFOA is a chemical used in the production of many industrial and consumer products including non-stick cookware, stain-resistant carpet coatings, and fabric waterproofing treatments. Read More Here

Antibiotics Linked to Increased Risk of Birth Defects

Taking antibiotics during pregnancy can increase the risk of birth defects, according to a study conducted by researchers from the National Center on Birth Defects and Developmental Disabilities and published in the Archives of Pediatrics & Adolescent Medicine. Read More Here

(TheIndependent) – Bank of England Deliberately Created “Consumer Boom”

Editor’s note: In other words, the banksters engineered a bubble designed to bust. Read More Here

(EconomicEdge) – THE Most Important Chart of the CENTURY

The latest U.S. Treasury Z1 Flow of Funds report was released on March 11, 2010, bringing the data current through the end of 2009. What follows is the most important chart of your lifetime. It relegates almost all modern economists and economic theory to the dustbin of history. Any economic theory, formula, or relationship that does not consider this non-linear relationship of DEBT and phase transition is destined to fail. Read More Here

(VancouverSun) – Thousands rally against Putin, dozens detained

Russian police broke up an opposition demonstration in Moscow on Saturday, one of around 50 rallies across the country with thousands protesting falling living standards under Prime Minister Vladimir Putin. Read More Here

(Fox10TV) – Still no money for Prichard pensioners

A bankruptcy court judge has given the City of Prichard two more months to figure out how they will pay retired city workers. Prichard pensioners have gone six months without a pension check. Read More Here

(TheAtlantic) – My Inflation Nightmare

Am I crazy, or is the commentariat ignoring our biggest economic threat? Read More Here

(Reason) – Five Lies About the American Economy

The ongoing recession has raised a troubling question for otherwise resurgent Keynesian economists: How can the American economy keep getting worse under the intensive care of an interventionist economic team almost universally praised for its brilliance? Read More Here

(Bloomberg) – Federal Reserve Must Disclose Bank Bailout Records (Update5)

The Federal Reserve Board must disclose documents identifying financial firms that might have collapsed without the largest U.S. government bailout ever, a federal appeals court said. Read More Here

(USAToday) – Hard times send hotel industry into ‘survival mode’

Neil Cornelssen says he misses the free cookies in the evening at one hotel and the daily newspaper outside his door at others. Read More Here

(WSWS) – Divisions Between the US and Europe Widen Over Greek Financial Bailout

The Greek government is preparing to turn to the International Monetary Fund (IMF) for financial help in the next few weeks to avert a default on its national debt. The move to engage the IMF follows the failure of European finance ministers meeting in Brussels earlier this week to agree on any concrete plan to provide financial backing for Greece. The principal obstacle at the Brussels meeting was the hard line taken by Germany. Read More Here

(MailOnline) – Banker Bob’s £63m jackpot: Anger and disgust as scale of City fat-cat culture hits new record

One of Britain’s richest bankers has landed a record pay package of £63.3million. Read More Here

(GlobalResearch) – Greenspan is Back – Mike Whitney

Greenspan is back. Maestro is scheduled to appear at the Brookings Institute today to deliver a 48 page explanation of why his low interest rates and regulatory neglect did not cause the financial meltdown. The contents of the ex-Fed chief’s apologia have already been released to the press. It’s just more finger-pointing and buck-passing; 48 pages of the-dog-ate-my-homework excuses in Greenspan’s cryptic Fed-speak. Read More Here

(GlobalResearch) – Rampant Unemployment across America: 35 Cities Suffer Unemployment Above 15%

Unemployment rates continue to rise, with the majority of U.S. metropolitan areas showing an increase in January, according to a government report. Read More Here

(SHTFPlan) – FDIC Closes Seven Banks, 2010 Total Climbs To 37

Federal Reserve Chariman Ben Bernanke in a speech in Orlando suggested that we will not see the bailing out of banks as we saw in 2008 and 2009: Read More Here

(WashingtonPost) – When drug makers’ profits outweigh penalties – Read More Here

(CNN) – New York Attorney General Andrew Cuomo unveiled a major legal action against senior Bank of America executives Thursday over its controversial purchase of Merrill Lynch, including bringing civil charges against its former CEO Ken Lewis. Read the rest of this entry »

(NaturalNews) – In conjunction with NaturalNews, the non-profit Consumer Wellness Center (www.ConsumerWellness.org) has publicly offered a $10,000 reward for any person, company or institution who can provide trusted, scientific evidence proving that any of the FDA-approved H1N1 vaccines being offered to Americans right now are both safe and effective. Read the rest of this entry »

(Fox) – The World Health Organization (WHO) is considering a plan to ask governments to impose a global consumer tax on such things as Internet activity or everyday financial transactions like paying bills online. Read the rest of this entry »

(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 »

The Story of Stuff is a 20-minute film that takes viewers on a provocative and eye-opening tour of the real costs of our consumer driven culture—from resource extraction to iPod incineration. Read the rest of this entry »

(KurtNimmo) – Earlier today, the House passed the Wall Street Reform and Consumer Protection Act on a vote of 223-202. The bill contains an amendment authored by Rep. Ron Paul that will allow the Government Accountability Office to audit monetary policy decisions made by the Federal Reserve. Read the rest of this entry »

SHTFplan contributors opined about the 2009 holiday retail season in The Recession in Pictures, with many coming to a similar conclusion to Alan Cohen, Chairman of Abacus Advisors. Read the rest of this entry »

(C4L) – There has been a lot of talk in Washington recently about senior citizens, mostly about how various healthcare reform models would help or hurt them. But there is another critical issue that has quietly devastated seniors financially over the last few decades. It concerns how the cost of living is calculated. How does the administration justify not giving a cost of living increase to Social Security recipients this year? Read the rest of this entry »

I just received a letter from President Obama. Right there on the outside envelope are the words “I need you.” After not answering several letters which I have mailed and faxed to him, I was, for the briefest of moments, curious about this personal plea for help. Then, of course, I realized that it was a form letter from Mr. Obama via the auspices of the Democratic National Committee (DNC). Read the rest of this entry »

The Obama administration plans to unveil on Monday a new plan for dealing with troubled financial giants, said a senior U.S. lawmaker, who also mentioned potentially big changes for the insurance industry. Read the rest of this entry »

The Obama administration plans to unveil on Monday a new plan for dealing with troubled financial giants, said a senior U.S. lawmaker, who also mentioned potentially big changes for the insurance industry. Read the rest of this entry »

During the Bolshevik Revolution that led to communist Russia, Comrade Vladimir Lenin said, “Sell the capitalists enough rope and they will hang themselves!”
Nearly 100 years later, Lenin’s predictions reveal his veracity with chilling fruition. The United States bleeds $11 trillion in debt. It suffers a $700 billion annual trade deficit, mostly with China, which by the way thrives as a communist nation selling us lots of ‘rope’, i.e., consumer goods. We import another $700 billion in oil annually from other countries. We borrow $2 billion daily to float our sinking economy. The average American’s credit card debt equals $9,425.00 according to NBC’s Brian Williams. We suffer 15 million unemployed American workers and 35 million subsisting on food stamps. Read the rest of this entry »

(C4L) – While all the talk at present is about economic corners turned and markets charging ahead, no one is paying much notice to an American economy deteriorating before our eyes. These myopic commentators seem to be simply moving past the now almost-universally held conclusion that before the crash of 2008, our economy was on an unsustainable course. If these imbalances had been corrected, then perhaps I too would be joining in the euphoria. But evidence abounds that we have not veered at all from that dangerous path. Read the rest of this entry »

What planet is Congressman Barney Frank on, anyway? It is the planet of the banks and other financial firms that keep his campaign coffers humming, as their chairman of the House Financial Services Committee. Read the rest of this entry »

Our “Crash Alert” flag goes back up the pole…
October is almost half over. Will we get through the month without a major sell-off? Read the rest of this entry »

Consumer credit is falling fast. In July, consumer credit plunged by $19 billion, followed by an August drop of $12 billion, a 5.8 percent annual rate. Credit card spending decreased by nearly $10 billion in August, while non-revolving debt, including auto loans, fell by $2 billion. Credit has shrunk for 7 consecutive months, the longest period of decline since 1991. Read the rest of this entry »

“Capital is dead labor, which, vampire-like, lives only by sucking living labor, and lives the more, the more labor it sucks.” Karl Marx
If Karl Marx and V. I. Lenin were alive today, they would be leading contenders for the Nobel Prize in economics. Read the rest of this entry »

The crisis is redrawing the world map of economic power as the influence of US consumer spending declines and major emerging markets like China and India take the lead, finance chiefs said. Read the rest of this entry »

War is Peace, Freedom is Slavery, Ignorance is Strength, and Debt is Recovery In light of the ever-present and unyieldingly persistent exclamations of ‘an end’ to the recession, a ‘solution’ to the crisis, and a ‘recovery’ of the economy; we must remember that we are being told this by the very same people and institutions which told us, in years past, that there was ‘nothing to worry about,’ that ‘the fundamentals are fine,’ and that there was ‘no danger’ of an economic crisis.

Read the rest of this entry »

A sobbing spokeswoman for the secretive company occupying the Hardin jail welcomed an investigation by Montana’s attorney general Friday and expressed concerns for her own safety amid rumors about her company. Read the rest of this entry »

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 »

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 »

A new poll by Consumer Reports shows that most American parents will either hold off on vaccinating their children against the H1N1 (swine flu) virus or won’t vaccinate them at all. Read the rest of this entry »

A new poll by Consumer Reports shows that most American parents will either hold off on vaccinating their children against the H1N1 (swine flu) virus or won’t vaccinate them at all. Read the rest of this entry »

Americans cannot get any truth out of their government about anything, the economy included.  Americans are being driven into the ground economically, with one million school children now homeless, while Federal Reserve chairman Ben Bernanke announces that the recession is over. Read the rest of this entry »

(HuffPost) – Ever since the economy crashed and the government paid hundreds of billions of dollars to bail out the fat-cats who were responsible, a populist rage has been seething away across the country. Read the rest of this entry »

The New York Times published a pretty creepy article on Saturday (September 5th). The article focuses on Wall Street’s new plan to make money. What’s so bad about Wall Street making money? Read the rest of this entry »

Webster describes what the meaning of Jingle Mail as the retail – commercial and real estate market is on the verge of collapse.. Read the rest of this entry »

(NYPost) – It’s been a hilarious August, watching media supporters of President Obama’s health care package puzzle over the obscure motivations of the noncompliant Americans rallying against it. Read the rest of this entry »

(NaturalNews) – The United States of America is devolving into medical fascism and Massachusetts is leading the way with the passage of a new bill, the “Pandemic Response Bill” 2028, reportedly just passed by the MA state Senate and now awaiting approval in the House. This bill suspends virtually all Constitutional rights of Massachusetts citizens and forces anyone “suspected” of being infected to submit to interrogations, “decontaminations” and vaccines. Read the rest of this entry »

(DannySchechter) – Economic Stress Is Hidden, But It’s There in a Recovery That Isn’t. Read the rest of this entry »

(Jim Marrs) – Today, one of the biggest problem we have, and one of the things that shocks so many Americans, is the rise of teen suicides and the rise of school shootings. Yet all we hear from the corporate mass media on the shootings is “Well, we need to take the guns away.” Let me tell you something, I went to school in Texas. We took guns to school. Nobody shot anybody. So what’s changed? Drugs. Read the rest of this entry »

WARNING: Explicit Content
FKN Newz live at Edinburgh Festival – August 16th, 2009 Read the rest of this entry »

(Dprogram Exclusive) – Maybe it’s the smoke from Mt. Vesuvius that keeps Arianna Huffington and the financial community from seeing that the economic collapse has nothing to do with the Fed “missing” the warning signs leading up to the October meltdown. Read the rest of this entry »

Booyah. It’s morning in America. The jobless numbers are stabilizing, the stock market is sizzling, quarterly earnings came in better than expected, traders have turned bullish, housing is showing signs of life, and clunker-swaps have given Detroit a well-needed boost of adrenalin. Even Cassandra economists –like Paul Krugman and Nouriel Roubini–have been uncharacteristically optimistic. Is is true; did we avoid a Second Great Depression? Is the worst really behind us? Read the rest of this entry »

(WashingtonsBlog) – A new report by University of California, Berkeley economics professor Emmanuel Saez concludes that income inequality in the United States is at an all-time high, surpassing even levels seen during the Great Depression. Read the rest of this entry »

(MSNBC) – Feel like you’re working a lot harder these days, putting in longer hours for the same pay — or even less? The latest round of government data on worker productivity indicates that you probably are. Read the rest of this entry »

Tent cities springing up all over America are filling with the homeless unemployed from the worst economy since the 1930s. While Americans live in tents, the Obama government has embarked on a $1 billion crash program to build a mega-embassy in Islamabad, Pakistan, to rival the one the Bush government build in Baghdad, Iraq. Read the rest of this entry »