(YahooTechTicker) – REMEMBER: In 1930, They Didn’t Know It Was “The Great Depression” Yet
In the past year, we’ve written a lot about the similarity between the rally of early 1930 and the one we had through April of this year.
The early 1930 rally came after the market had fallen nearly 50% in the fall of 1929. The spring 1930 rally took the market up nearly 50% again, to a level that was only about 20% below the previous peak.
That rally, of course, was also the biggest sucker’s rally in history. After the market peaked in April 1930, it crashed again, eventually ending up down 89% from the 1929 high and more than 80% from the 1930 high. The market did not reach the 1930 high again for another quarter of a century. Read More Here
(HuffingtonPost) – Long-Term Unemployed Now 46 Percent Of Unemployed, Highest Percentage On Record
The proportion of people jobless for six months or more has accelerated in the past year and now makes up 46 percent of the unemployed. That’s the highest percentage on records dating to 1948. By late summer or early fall, they are expected to make up half of all jobless Americans. Read More Here
(InfoClearingHouse) – Europe Chooses Depression – Mike Whitney
Forget about a smooth recovery. Finance ministers and central bank governors of the G-20, met this weekend in Busan, South Korea and decided to abandon “tried and true” expansionary fiscal policies for their own strange brew of belt-tightening policies and austerity measures. Read More Here
(EuroPacificCapital) – Key Indicators of a New Depression
With the mainstream media focusing on the country’s leveling unemployment rate, improving retail sales, and nascent housing recovery, one might think that the US government has successfully navigated the economy through recession and growth has returned. But I will argue that a look under the proverbial hood reveals a very different picture. I believe the data shows that the US economy is badly damaged, and a modern-day depression has begun. In fact, just as World War I was originally called The Great War (and was retroactively renamed after World War II), Peter Schiff has said that one day the world will refer to the 1929-41 era as Great Depression I, and the current period as Great Depression II. Read More Here
(Bloomberg) – U.S.’s $13 Trillion Debt Poised to Overtake GDP: Chart of Day – Read More Here
(AP) – Financial crisis panel subpoenas Goldman
A panel probing the causes of the financial meltdown has issued a subpoena for documents from Goldman Sachs Group Inc., accusing the firm of stonewalling an investigation. Read More Here
(PaulWatson) – Investment Banker: It’s Going To Get Nasty – Buy Land, Barbed Wire And Guns
A top investment banker has warned that the economic fallout of the sovereign debt crisis could get so nasty over the next five years that people would be wise to abandon the markets and instead buy land, barbed wire and guns.
With gold smashing through its all time record high this morning on the back of fears over a double dip recession, analysts are turning increasingly bearish on the markets. Anthony Fry, senior managing director at Evercore Partners, told CNBC that the bond markets could turn nasty over the next few months and said that the current problems created by the European debt crisis could be with us for at least five years. Read the rest of this entry »
Why is Pennsylvania utilizing Big Brother scare tactics to collect tax money? Are protesters being denied free speech at this summers G-20 summit? Will the federal government soon have access to your bank account? StartPage.com Story- Internet privacy issues must be addressed. Plus, Alex Jones presents facts as to how the U.S. Government is planning military operations against American citizens. The Reality Report Crew take on those questions and deliver the facts and solutions in the 43rd edition. Read the rest of this entry »
As The Corbett Report reported yesterday, veteran Bilderberg researcher Daniel Estulin has obtained documents from inside last week’s G20 Finance Minister’s meeting in St. Andrews, Scotland. The documents—including attendee lists, drafts of the conference’s communique and handwritten notes with deatils about who said what during deliberations—were snuck out of the conference by Estulin’s sources despite security measures which were high “even by Bilderberg standards.” The documents can be viewed at BilderbergBook.com and have been mirrored here in PDF format. Read the rest of this entry »
Best-selling author Daniel Estulin states that the key issue to be discussed this week at the G20 Finance Ministers and Central Bank Governors Meeting, being held in St. Andrews, Scotland, is how to bring down the present world financial system through dumping the US dollar. Read the rest of this entry »
(BobChapman) – The G-20 finance ministers meet in Scotland on November 6th and 7th, and they will all be bleating about the fall in the dollar. France started this week, and the others will follow. Their currencies are rising in value and they do not like it. Read the rest of this entry »
(CNBC) – This global recession will turn into a “full-blown depression,” Nicu Harajchi, CEO of N1 Asset Management, said Friday, adding that global stimulus hasn’t come down to Main Street. Read the rest of this entry »
(CNBC) – This global recession will turn into a “full-blown depression,” Nicu Harajchi, CEO of N1 Asset Management, said Friday, adding that global stimulus hasn’t come down to Main Street. Read the rest of this entry »
The G-20 police response in Pittsburgh was a beta test. “We spent months getting ready for this and it was a lot of preparation, but we’ll see the dividends of that for a long time to come,” Public Safety Director Michael Huss told the Pittsburgh Tribune-Review. Read the rest of this entry »
In just 8 days, ‘Fall of the Republic’ will reveal once and for all the nationwide heist and economic takeover that has been maneuvered through the Bailout and action taken by the private Federal Reserve. Experts including William K. Black, Max Keiser, Dr. Webster Tarpley, George Humphrey, Gerald Celente and more join Alex Jones in the most detailed analysis ever of the fall of the Dollar, the push for a new global currency through the G20 and the international bankers who have worked tirelessly to bring the United States to its knees. Read the rest of this entry »
(RussiaToday) – In the following interview Robert Fisk explains a report he wrote about China and other G-20 nations talking about replacing the dollar as the world’s reserve currency for a basket of alternative currencies. Read the rest of this entry »
Jason welcomes Webster Griffin Tarpley to discuss the demise of the dollar and the takeover of the world economy by the IMF, the G20 and the World Bank. Read the rest of this entry »
Jason welcomes Webster Griffin Tarpley to discuss the demise of the dollar and the takeover of the world economy by the IMF, the G20 and the World Bank. Read the rest of this entry »
No longer the stuff of disturbing futuristic fantasies, an arsenal of “crowd control munitions,” including one that reportedly made its debut in the U.S., was deployed with a massive, overpowering police presence in Pittsburgh during last week’s G-20 protests. Read the rest of this entry »
For every action, there is an equal and opposite reaction. This is true in the physical world, and even if you cannot clearly see how it applies in the social world, the fact cannot be denied that every action taken by a person or group of people has the potential for negative consequences. A book written, a news program aired, a video filmed, a law enacted, a precedent set, all of these, no matter how benign the intent, have the potential to, and often do, affect our society, and therefore the lives of all, in various ways. Read the rest of this entry »
(BobChapman) – The G-20 Pittsburgh Summit ended last Friday. Their official statements made for some novel and interesting reading. Read the rest of this entry »
No longer the stuff of disturbing futuristic fantasies, an arsenal of “crowd control munitions,” including one that reportedly made its debut in the U.S., was deployed with a massive, overpowering police presence in Pittsburgh during last week’s G-20 protests. Read the rest of this entry »
(RedIceRadio) – David Icke joins us to talk about the Swine Flu, Mass Vaccinations, the Corruption in the Pharmaceutical Industry, Nanochips in Vaccines, the G20 meeting in Pittsburgh and much more. Read the rest of this entry »
Various video clips of We Are Change founder, Luke Rudkowski, protesting during the Pittsburgh G-20 summit in September of 2009. Rock on Infowarrior! Read the rest of this entry »
When word first arrived that the G-20 would be meeting in Pittsburgh Pennsylvania, activists began organizing protest demonstrations. Events like this are what freedom of speech is made for. What better occasion to protest than a meeting of the world’s 20 top leaders — most of them deservedly hated — where they will be imposing policy on billions of people worldwide? Read the rest of this entry »
(JasonBermas) – In what was possibly the most surreal, horrific, and unimaginable thing I have ever witnessed in my life, 1200 Riot Police and Military Personal rabidly attacked a group of well under 300 American citizens, many of them just students that were unaware there was even a protest going on. Read the rest of this entry »
A new world order is emerging at the G-20 Summit in Pittsburgh with a decision by the group to become the premier coordinating body on economic issues. Read the rest of this entry »
Luke Rudkowski of Wearechange.org schools pittsburgh police on their duty to the constitution and thier oath. Police use LRAD sound cannons and tear gas on peaceful protesters. Read the rest of this entry »
(Truthout) – Iran has revealed the existence of a previously undisclosed uranium-enrichment plant. The disclosure has heightened fears about Iran’s nuclear weapons program and threatens to raise diplomatic tensions between that nation and the West. Read the rest of this entry »
(USAToday) – Editor’s note: Can an attack on Iran be far behind?
President Obama opened G-20 summit day with a bang this morning, condemning Iran for hiding the existence of a secret nuclear facility and demanding that it be opened to international inspections. Read the rest of this entry »
(Reuters) – The Group of 20 is set to become the premier coordinating body on global economic issues, reflecting a new world economic order in which emerging market countries like China are much more relevant, according to a draft communique. Read the rest of this entry »
In the videos here, we get an idea of what the federalized and militarized police in Pittsburgh really think of the First Amendment. The victims shown below are not government provocateurs or anarchists, but middle class students. Read the rest of this entry »
REUTERS UPDATE: Secret Service confirms that police are shooting #g20 protesters with “bean bags.” But check out what they look like. Via Keepshooting.com: Read the rest of this entry »
(Reuters) – The United States will urge world leaders this week to launch a new push in November to rebalance the world economy, but there are doubts national governments will bow to external advice. Read the rest of this entry »
(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 »
(BobChapman) – In 2009, China opened up various exchanges for investment in both gold and silver to the Chinese public, which previously was not allowed to invest in gold and silver. The opening of silver exchanges to the Chinese public is the most recent development and was accompanied by a ban on silver exports. The Chinese government is actively touting both gold and silver as an investment to the Chinese public, and with good reason. Read the rest of this entry »
One year after the near collapse of the global financial system, this much is clear: The financial world as we knew it is over, and something new is rising from its ashes. Read the rest of this entry »
Kremlin reports on the extraordinary meeting held today between President Medvedev and former United States Secretaries of State Henry Kissinger (under Nixon), James Baker (under Bush Sr.), Charles Shultz (under Regan), former United States Defense Secretary William Perry (under Clinton), and former US Senator and top defense expert Sam Nunn, are stating that the Americans are acknowledging for the first time their acceptance of a New Global Order…Read the rest of this entry »
With a view to restoring financial stability, World leaders have called upon the Group of 20 countries (G-20) to instigate a new global currency based on the IMF’s Special Drawing Rights (SDRs). Read the rest of this entry »
(Bloomberg) – Russian President Dmitry Medvedev illustrated his call for a supranational currency to replace the dollar by pulling from his pocket a sample coin of a “united future world currency.” Read the rest of this entry »
As anticipated by LEAP/E2020 as early as October 2008, on the eve of summer 2009, the question of the US and UK capacity to finance their unbridled public deficits has become the central question of international debates, thus paving the way for these two countries to default on their debt by the end of this summer. Read the rest of this entry »
The United Nations is proceeding, with President Obama’s acquiescence, to implement a global plan to create a new international socialist order financed by global taxes on the American people. Read the rest of this entry »
While our media sleep, the United Nations is proceeding, with President Obama’s acquiescence, to implement a global plan to create a new international socialist order financed by global taxes on the American people. Read the rest of this entry »
President Obama’s greatest foreign policy successes are found in the reports of the mass media. His greatest failures go unreported, but are of great consequence. A survey of the major foreign policy priorities of the White House reveals a continuous series of major setbacks, which call into question the principal objectives and methods pursued by the Obama regime. Read the rest of this entry »
(FT) – Brazil and China will work towards using their own currencies in trade transactions rather than the US dollar, according to Brazil’s central bank and aides to Luiz Inácio Lula da Silva, Brazil’s president. Read the rest of this entry »
China’s premier didn’t say it in so many words, but the implied warning to Washington was blunt: Don’t devalue the dollar through reckless spending. Read the rest of this entry »
China’s premier didn’t say it in so many words, but the implied warning to Washington was blunt: Don’t devalue the dollar through reckless spending. Read the rest of this entry »
America is no longer a republic. It has degenerated into a system where the rich run the country by having purchased all of our political institutions. As a result Americans have become sheeple who are being terrorized by the ruling illuminist class. Read the rest of this entry »
The IMF and World Bank have warned that the global economic crisis is turning into a “human calamity” and called on members to speed up pledged aid and give even more to help the most vulnerable. Read the rest of this entry »
The IMF and World Bank have warned that the global economic crisis is turning into a “human calamity” and called on members to speed up pledged aid and give even more to help the most vulnerable. Read the rest of this entry »
CDS are like an insurance contract, where the purchaser buys “insurance” that a company won’t go out of business from a seller. If the company stays in business, the purchaser pays premiums to the seller, but if the company goes belly up, the seller has to pay the face value of the CDS “policy”.
The International Monetary Fund (IMF) has been described as one of the enforcers of globalization. Nations who receive IMF assistance are often forced to surrender more sovereignty and further open up their borders to international banks and multinational corporations. Read the rest of this entry »
Let’s assume for a moment that we are in the protean stages of a new world currency; that the G20′s moves this time last week are laying the ground for its special drawing rights to replace the dollar as the international reserve currency. On that basis which of these two scenarios would you feel more uncomfortable with:
1. That a shadowy sect of global leaders are conspiring together to set up this new world currency; or that,
2. Instead, clueless politicians are sleepwalking into this, not knowing precisely what they are doing. Read the rest of this entry »
U.S. Rep. Michele Bachmann says she fears the Obama administration will create “re-education camps for young people, where young people have to go and get trained in a philosophy that the government puts forward and then they have to go to work in some of these politically correct forums.” Audio after the jump. Read the rest of this entry »
