(ZeroHedge) – The Velocity of money is the frequency with which a unit of money is spent on new goods and services and during times of depression it goes catonic. Read the rest of this entry »

(DailyPaul) – 60 Minutes reports on the largest generation of Americans living through hard times since the Great Depression. Read the rest of this entry »

(RussiaToday) – A group of researchers from the Massachusetts Institute of Technology have predicted that a global great depression will be upon us by 2030. According to their computers models, if the people of the world continue to consume at the same rate we will all be doomed in 18 years. Alex Jones, host of The Alex Jones Show, joins us with some insight on the MIT study. Read the rest of this entry »

Scorned by some, embraced by others, the Occupy movement is not going away

(BFP) – Originally inspired in part by the “Arab Spring,” this movement has drawn strength from popular anger against economic conditions, and more fundamentally, concern that the playing field is stacked against the little guy.  Like the Tea Party before it, the early success has attracted powerful special interest groups hoping to capitalize.  Time will tell if corrupting forces like this end up undermining the Occupy impact. Read the rest of this entry »

(DailyMail) – Obama reads riot act to European leaders and orders them to take more dramatic action – Read More Here

(SHTFPlan) – Fake Silver and Gold Flood Global Markets; 100,000 Coins From A Single Counterfeiter! – Read More Here

(EconomicCollapse) – Bernanke Says That Any Criticism Of The Federal Reserve Is Based On “Misconceptions” – Read More Here

(NaturalNews) – Housing market continues its freefall as 14 million Americans descend into negative equity – Read More Here

(EuroPac) – The Beginning of the End of Fiat Money

The argument for the dollar and against gold is simplistic, and I will evaluate it against the four-stage collapse I see ahead for the Western currencies. Read More Here

(Telegraph) – France plots eurozone ‘breakaway group’ – Read More Here

(Guardian) – UK Treasury prepares for ‘economic armageddon’ if euro falls apart – Read More Here

(Forbes) – Alabama Senate approves school budget, cuts jobs

The Alabama House and Senate have passed slightly different versions of the state education budget that agree on two key points: Cutting nearly 1,200 teaching jobs and keeping students in school for the traditional 180 days. Read More Here

(Guardian) – Eurozone debt crisis live: Markets surge as Papademos sworn in as Greek PM – Read More Here

(CNN) – Italy’s Senate approves austerity plans – Read More Here

(PaulWatson) – It’s The End Of The Eurozone As We Know It

But the agenda for centralized economic tyranny remains the same Read More Here

(PatrickHenningsen) – Obama administration trying to tax our Christmas trees

As with all federally mandated stealth taxes, the consumer normally ends up paying double or triple the levy, as businesses use new tax announcements as an excuse to increase their own profits. This one is a tax on the growers, so naturally it will be passed on the seller, and the customers. Read More Here

(Telegraph) – Eurozone collapse ‘will send continent into depression’

The collapse of the eurozone would cause a crash that would instantly wipe out half of the value of Europe’s economy, plunging the continent into a depression as deep as the 1930s slump, the president of the European Commission has warned.

José Manuel Barroso issued his chilling warning as France began diplomatic overtures to create a eurozone vanguard, potentially with fewer than the 17 existing members of the single currency.

Mr Barroso said that if the euro area of the 17 member states or the wider
27-country EU broke apart the estimated initial cost would be up to 50 per cent of European gross domestic product. “It would jeopardise the future prosperity of the next generation. That is the threat that hangs over us,” he said.

In a speech in Berlin aimed at tackling any support for a smaller elite eurozone comprised of the EU’s strongest economies, Mr Barroso warned that the consequence of a split would be a million lost jobs in Germany. Full article here

Cartoon lambasting the Federal Reserve from 1916 – a year before the Fed was created.

(WashingtonsBlog) – The non-partisan Government Accountability Office released a report today showing widespread corruption and conflicts of interest in the Federal Reserve. Read the rest of this entry »

(PaulWatson) – Senator tells Judge Napolitano demonstrators remind him of “Paris mob” Read the rest of this entry »

(Telegraph) – Wind farm paid £1.2 million to produce no electricity – Read More Here

(RussiaToday) – Video: Currency Killers: Dollar, euro going down – Video Link Here

(CNBC) – Soros: US Is Already in Double-Dip Recession – Read More Here

(LATimes) – Oops, Obama touts his jobs plan today at an Ohio bridge that won’t qualify – Read More Here

(EconomicCollapse) – Depressed As A Nation? 80 Percent Of Americans Believe That We Are In A Recession Right Now – Read More Here

(CNBC) – Dow Skids 300 as Recession Worries Hit – Read More Here

(Telegraph) – EU officials expect Greece to default but stay in eurozone – Read More Here

(KurtNimmo) – Fear of Debt Crisis Spreads as Greece Hit By New Anti-austerity Strikes – Read More Here

(CNBC) – Global Meltdown: Investors Are Dumping Nearly Everything – Read More Here

(BusinessInsider) – GOLDMAN: Wake Up, This Was Full-On QE3 That We Just Got – Read More Here

(Examiner) – 81 Per Cent of New Jobs In Texas Went To Immigrants – Read More Here

(KurtNimmo) – Operation Twist and Shout: Fed Launches Stealth Attack On Pensions – Read More Here

(InternationalForecaster) – High Time To Repatriate Offshore Trillions For Taxation – Bob Chapman

One of the greatest detriments to job creation in the US is the overseas income deferral law. This unbelievable gift to transnational corporations is at the heart of free trade, globalization, offshoring and outsourcing. Read More Here

(Youtube) – Video: Financial Armageddon – The Financial Crisis was not a surprise for Financial experts

Climategate

(Telegraph) – Al Gore’s five loaves and two fishes

Not content with having invented the internet, the great Climate Science communicator Al Gore appears to have developed still more miraculous skills of late: the ability to turn 17,000 into 8.6 million – just like that. Read More Here

(ClimateDepot) – Planet Healer Obama Calls It: In 2008, he declared his presidency would result in ‘the rise of the oceans beginning to slow’ — And By 2011, Sea Level Drops! – Read More Here

Video

(PaulWatson) – Schiff: Fed Will Turn To QE3 In Failed Bid To Prevent Economic Depression

Although mainstream financial analysts are all but certain that Ben Bernanke will now refrain from launching a third round of money printing, economist Peter Schiff told CNBC today that the unfolding global depression will force the Fed to resort to QE3 in a failed effort to prop up the plunging stock market. Read the rest of this entry »

(RussiaToday) – The United States’ prized top AAA credit rating has been cut for the first time ever. Standard & Poor’s has dropped America’s ranking to AA+. Asian investors are getting cagey on the back of what’s been a tough week for America’s economy. Jim Rogers says they’re ditching bonds. Read the rest of this entry »

(PaulWatson) – NY Times admits: It’s a ‘double dip’ as markets plunge. Read the rest of this entry »

(WashingtonsBlog) – Federal Reserve chairman Ben Bernanke says that jobs and growth will pick up in the second half of the year.

But – according to over 5 million Google hits – Mr. Bernanke is not telling the truth. Read the rest of this entry »

(WashingtonsBlog) – The commonly-accepted unemployment figures for the Great Depression are overstated.

Specifically, government workers were counted as unemployed by Stanley Lebergott (the BLS economist who put together the most widely used numbers) … even though gainfully employed and receiving a pay check.

If we’re trying to compare current unemployment figures with the Great Depression, the calculations of economists such as Michael Darby are more accurate. Read the rest of this entry »

(FinancialTimes) – Moody’s Warns of US Default – Read More Here

(CNBC) – Fears Grow Over Double-Dip Recession – Read More Here

(ZeroHedge) – Consumer Confidence Is Now Lower Than During All Recent Financial Crises And Tragedies – Tyler Durden – Read More Here

(CalculatedRisk) – The Collapse In U.S. Homeownership Is Much Greater Than Reported In The Media – Read More Here

(FinancialTimes) – Back towards a US double-dip – Read More Here

(CNSNews) – Obama’s Commerce Nominee: Cap and Trade Good for ‘Hiding’ Carbon Taxes – Read More Here

(ZeroHedge) – Did The Fed Just Give The Green Light To Sell The Stock Market? – Tyler Durden – Read More Here

(BusinessInsider) – Goldman Gets Subpoena From Manhattan DA

The civil subpoena is related to Senator Levin’s report that Goldman Sachs should be investigated beyond the inquiries that have already taken place (Goldman has settled with the SEC after it claimed Goldman lied to investors and Goldman testified about their role in the crisis before Congress). Read More Here

(PaulWatson) – Yesterday’s so-called “horror” show for the US economy with the release of new data illustrating how the economic “recovery” has all but ground to a halt was met with feigned astonishment and shock by the establishment media, and yet for the past two years the public has been continually deceived about the true state of the financial system.

All the hot air about an “economic recovery” has served to hide the fact that the United States is slipping back into a double-dip recession, if not a second “great depression,” as market strategist Peter Yastrow told CNBC yesterday. Read the rest of this entry »

(WashingtonsBlog) – The following experts have – at some point during the last 2 years – said that the economic crisis could be worse than the Great Depression: Read the rest of this entry »

(WashingtonsBlog) – Zillow’s Stan Humphries said:

The length and depth of the current housing recession is rivaling the Great Depression’s real estate downturn, and, with encouraging signs fading, will easily eclipse it in the coming months.

During the Great Depression, home prices fell 25.9 percent in five years. The U.S. housing market is now down around 25 percent from its peak in 2006.

As housing price expert Robert Shiller pointed out in September 2008: Read the rest of this entry »

(GlobalResearch) – On May 6, 1935, with the country in the midst of the Great Depression, and with indirect efforts to create jobs having not moved the needle of unemployment rates, President Franklin D. Roosevelt signed Executive Order 7034 and appropriated $4.8 billion for the Works Progress Administration (WPA). The WPA put millions of Americans to work constructing buildings, painting murals to decorate them, and performing plays for audiences that had never before seen a dramatic production. In the process, many were saved from poverty and starvation and the economy began to revive. Read the rest of this entry »

(WashingtonsBlog) – Robert Shiller – one of the top housing experts in the United States – says that the mortgage fraud is a lot like the fraud which occurred during the Great Depression. As Fortune notes:

Shiller said the danger of foreclosuregate — the scandal in which it has come to light that the biggest banks have routinely mishandled homeownership documents, putting the legality of foreclosures and related sales in doubt — is a replay of the 1930s, when Americans lost faith that institutions such as business and government were dealing fairly.

The former chief accountant of the S.E.C., Lynn Turner, told the New York Times that fraud helped cause the Great Depression: Read the rest of this entry »

(KurtNimmo) – I don’t know why CBS insists on calling what’s happening economically in this country the “Great Recession.” It’s the Greatest Depression. It is quickly shaping up to be worse than the first Great Depression.

At least CBS admits unemployment is not a measly 9.5 percent like the government claims. It puts it at 17%. Actually it is closer to 23% and will soon eclipse the unemployment rate during the first engineered depression. Read the rest of this entry »

The greatest single attack on American workers since the Great Depression

The alarm bells should be ringing day and night about what’s being prepared at General Motors — the ripple effects could produce tidal waves. Read the rest of this entry »

The greatest single attack on American workers since the Great Depression

The alarm bells should be ringing day and night about what’s being prepared at General Motors — the ripple effects could produce tidal waves. Read the rest of this entry »

As the financial collapse gathers steam, gold and silver oracles who have been predicting for years the launch of the price of silver to the moon will see their prophecy fulfilled, but a celebration is not in order. Being wealthy during the last 60 years of unprecedented prosperity at the expense of the Third World and the environment is one thing, but profiting from silver when millions are starving is quite another. Read the rest of this entry »

The television ad works backwards in time to show a family successfully coping through 72 hours of an emergency situation, thanks to having prepared an emergency kit. Read the rest of this entry »

Booming preparedness industry says Americans are stockpiling Read the rest of this entry »

WASHINGTON (MarketWatch) — The recession tightened its grip on U.S. businesses and consumers in February, according to economists, who are predicting the largest one-month job loss in almost 60 years.
“Pink slips continue to fly,” said Meny Grauman, an economist for CIBC World Markets. Read the rest of this entry »

Will the economic and financial crisis degenerate into violent social explosions? Tomorrow, will there be civil war in Europe, the United States and Japan? That’s the rather alarming conclusion that the experts of European think tank LEAP/Europe 2020 lay out in their latest bulletin dated mid-February. Read the rest of this entry »

Will the economic and financial crisis degenerate into violent social explosions? Tomorrow, will there be civil war in Europe, the United States and Japan? That’s the rather alarming conclusion that the experts of European think tank LEAP/Europe 2020 lay out in their latest bulletin dated mid-February. Read the rest of this entry »

A small number of extremely wealthy people, descendants of wealthy families in Europe and the U.S, own a major part of the material wealth of the world. This power is concentrated in London which is the center of the world banking system. The control they exercise is kept within the original families and passed down from generation to generation. They are highly organized, operating in secret through a web of ‘private’ organizations.

This group is known as the Global Elite. Read the rest of this entry »

It was a joke, but not funny. Ben Bernanke, Federal Reserve mob boss, declared in his semi annual report to the Senate Banking Committee earlier this week “there is a reasonable prospect” the “recession” will end this year. The stock market responded with an upward blip of conditional and cynical enthusiasm. Read the rest of this entry »

Santelli, a former Chicago trader and financial executive, talks about President Barack Obama’s economic bailout plans, in particular Obama’s plan for the government to subsidize millions of people’s mortgages. Santelli talks about how he feels Obama’s plans go against what America represents. Read the rest of this entry »

Santelli, a former Chicago trader and financial executive, talks about President Barack Obama’s economic bailout plans, in particular Obama’s plan for the government to subsidize millions of people’s mortgages. Santelli talks about how he feels Obama’s plans go against what America represents. Read the rest of this entry »

The following article was first written in 1998. I am relinking it here not so much as to say “I told you so”, but to point out that the long term economic future of the United States was obvious, or should have been obvious, to the people who are awarded lofty degrees and paid huge salaries to comprehend such things. Instead, the economists persisted in explaining away the visible signs of gathering troubles and earned their salaries by justifying why the policies that robbed the poor to give to the rich should continue unabated. Read the rest of this entry »

Banking collapse has already happened; Crisis is worst ever; Financial system has effectively disintegrated; Mass social insurrection likely Read the rest of this entry »

Faced with the financial meltdown of the Great Depression, the Hoover administration created the Reconstruction Finance Corporation that poured taxpayers’ money into the coffers of the influential Wall Street banks in an effort to save them from bankruptcy. Like today’s Bush/Obama administrations, the Hoover administration used the “too-big-to-fail” scare tactic in order to justify the costly looting of the national treasury. All it did, however, was to simply postpone the day of reckoning: almost all of the banks failed after nearly three years of extremely costly bailouts schemes. Read the rest of this entry »

Up to 120,000 protesters brought Dublin city centre to a standstill on Saturday over government austerity measures aimed at stabilising the once high-flying economy now wracked by recession. Read the rest of this entry »

President Obama has been criticized for warning of economic catastrophe but Glenn Becks prediction is far more dire. Beck says the military is preparing for a revolution. Read the rest of this entry »

The global economy may be deteriorating even faster than it did during the Great Depression, Paul Volcker, a top adviser to President Barack Obama, said on Friday. Read the rest of this entry »

(Reuters) – Renowned investor George Soros said on Friday the world financial system has effectively disintegrated, adding that there is yet no prospect of a near-term resolution to the crisis. Read the rest of this entry »

(Reuters) – Renowned investor George Soros said on Friday the world financial system has effectively disintegrated, adding that there is yet no prospect of a near-term resolution to the crisis. Read the rest of this entry »

It is now a mantra in the corporate media — the only way to fix the banking system is to “nationalize” the banks. “A touchy word has entered the public debate about the future of America’s economy. It’s a word that would shock the nation in normal times, but as even Republicans begin to whisper it, temporary ‘nationalization’ of troubled banks is increasingly seen as our last best hope for fixing our financial system,” declares Thomas Kelley, writing for Yahoo News. Read the rest of this entry »

The financial “wealth creation” game is over. Economies emerged from World War II relatively free of debt, but the 60-year global run-up has run its course. Finance capitalism is in a state of collapse, and marginal palliatives cannot revive it. The U.S. economy cannot “inflate its way out of debt,” because this would collapse the dollar and end its dreams of global empire by forcing foreign countries to go their own way. There is too little manufacturing to make the economy more “competitive,” given its high housing costs, transportation, debt and tax overhead. Read the rest of this entry »

Making an appearance on the Morning Joe television show, the Rockefeller globalist Zbigniew Brzezinski said it is high time the rich who have made billions since the days of the Clinton administration help out the poor and struggling masses. Said Brzezinski: Read the rest of this entry »

The Bush/Obama bailout/stimulus plans are not going to work. Both are schemes hatched by a clique of financial insiders. The schemes will redistribute income and wealth from American taxpayers to the shyster banksters, who have destroyed American jobs, ruined the retirement plans of tens of millions of Americans, and worsened the situation of millions of people worldwide who naively trusted American financial institutions. The ongoing theft has simply been recast. Instead of using fraudulent financial instruments, the banksters are using government policy. Read the rest of this entry »

The maestro was wrong.

Eight months after he predicted the worst was over and the threat of recession receding, former Federal Reserve chairman Alan Greenspan said the current global recession will “surely be the longest and deepest” since the 1930s. Read the rest of this entry »

The maestro was wrong.

Eight months after he predicted the worst was over and the threat of recession receding, former Federal Reserve chairman Alan Greenspan said the current global recession will “surely be the longest and deepest” since the 1930s. Read the rest of this entry »

Williams predicts hyperinflationary depression will mean a $100 dollar bill is worth less than toilet paper Read the rest of this entry »