(NaturalNews) – The financial collapse of the Eurozone may be upon us. This Wednesday, September 12, the Federal Constitutional Court of Germany must decide whether it is legal for Germany to participate in the financial bailouts of other nations in the Eurozone. Read the rest of this entry »
(Youtube) – The United States has had its credit rating lowered twice in less than a year. The end of the petro dollar and the monetizing of the U.S. debt are quickly leading to hyperinflation. Western media remains silent… Read the rest of this entry »
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 »
(NIA) – In August of 2009, the city of Paterson, New Jersey, proposed the implementation of martial law by imposing an adult curfew at night in an attempt to curb violence. This unprecedented proposed ordinance would have made it illegal for adults to leave their homes and be out in the public in Paterson between the hours of 12AM and 7AM, with a penalty of up to a $2,000 fine and 90 days in jail. This ordinance would have been completely unconstitutional, especially being that it was a non-emergency situation. Read the rest of this entry »
(RussiaToday) – On Friday new numbers are going reveal what is occurring in the employment sector, but many economists say the outlook is grim. The unemployment still lingers at around nine percent and Congress has fallen short of creating jobs for many Americans. The Federal Reserve is believed to step in again with more quantitative easing, but is this really the solution to the US’ economic problems? Peter Schiff, president at Euro Pacific Capital, will help answer some questions. Read the rest of this entry »
(SHTFPlan) – There are a whole host of events that can bring the world as we know it today to its knees. From a hyperinflationary economic collapse to an electro magnetic pulse originating from the sun or a nuclear weapon , there exists a real and present danger that our system may, in the near future, experience unrecoverable shocks to the power grid and clean water infrastructure, a halt to just-in-time agricultural transportation systems and a collapse of the currency exchange mechanisms that make the economy function.
US Representative Roscoe Bartlett (R-MD), lived through the great depression, so he’s seen how bad things can get. In a new documentary, Mr. Bartlett and others discuss the dangers posed to those living in cities and ways that your family can survive if the worst were to ever happen. Read the rest of this entry »
(TexasStraightTalk) – Last week, Congress and the administration refused to seriously consider the problem of government spending. Despite the fear-mongering, a government shutdown would not have been as bad as claimed. Read the rest of this entry »
(C4L) – According to Paul Krugman, getting out of this depression is as easy as cranking up the printing presses at the U.S. Department of the Treasury. However, I believe, as a card-carrying member of the “Pain Caucus” (foolishly, or maybe my motives are darker), that the government’s current economic policies of borrowing and spending might not do anything but dig our economic hole even deeper.
Krugman and many other economists believe that the government is much too stingy and that what it needs to do is not cut back on spending and borrowing but rather throw the spending levers full forward. I present their views (as fairly as possible) and then look at them from another perspective. Read the rest of this entry »
(ZeroHedge) – An old metaphor: If you take a frog and drop it into a roiling pot of boiling water, it’ll jump right out, unscathed. But if you put that same frog in a pot of cold water, and then slowly raise the heat, that frog won’t move. It’ll stay in that pot of water, calm as can be, right up until it is boiled to death.
I’ve been arguing that the unpayable Federal government debt, coupled with irresponsible Federal Reserve policies, will inevitably lead to a hyperinflationary event and currency collapse. Read the rest of this entry »
(EconomicCollapse) – Buckle up and hold on – a new round of quantitative easing is here and things could start getting very ugly in the financial world over the coming months. The truth is that many economists fear that an out of control Federal Reserve is “crossing the Rubicon” by announcing another wave of quantitative easing. Have we now reached a point where the Federal Reserve is simply going to fire up the printing presses and shower massive wads of cash into the financial system whenever the U.S. economy is not growing fast enough? If so, what does the mean for inflation, the stability of the world financial system and the future of the U.S. dollar? Read the rest of this entry »
(SteveWatson) – A number of prominent figures within the financial world are warning that a second round of quantitative easing, expected to be announced today by the Federal Reserve, will have disastrous consequences for the US dollar and the global economy.
The Fed will release a statement this afternoon, most likely confirming that it is to buy at least $500 billion of long-term securities, in the form of printing money out of thin air. Read the rest of this entry »
Today’s great debate basically between the US and Europe is – should the Fed go full bore by implementing a second quantitative easing? In part it is a moot point, because they have been doing just that in the repo market for four months without letting anyone know what they were up too. Their mandate is to reduce inflation and create full employment. Real inflation is 7% and unemployment is 22-3/4%. Read the rest of this entry »
(GlobalResearch) – The question keeps swirling around regarding the Fed and just how much Treasury paper they can buy from the market under current rules. Our guess is about $1.7 trillion. A good part of that may well be in notes, which will probably keep long dated rates low. On the other hand they may increase the current limit, and buy everything in sight. Read the rest of this entry »
(RussiaToday) – This week, Max Keiser and co-host, Stacy Herbert, look at Central Banks causing gold spikes, moaning savers and cement mixers driving into the Irish Parliament. In the second half of the show, Max goes to Chile to talk to author, filmmaker and blogger, Gonzalo Lira, about hyperinflation. Read the rest of this entry »
(TheEconomicCollapse) – Are you ready for rampant inflation? Well, unfortunately it looks like it might be headed our way. The U.S. monetary base has absolutely exploded over the last couple of years, and all that money is starting to filter through into the hands of consumers. Commodity prices are absolutely skyrocketing, and it is inevitable that those price increases will show up in our stores at some point soon. The U.S. dollar has already been slipping substantially, and now there is every indication that the Fed is hungry to start printing even more money. Read the rest of this entry »
FLASHBACK – February 2010 – Ron Paul discusses the coming collapse of the dollar and other world currencies. Gold, silver and other metals. Along with food, water, and all else one needs to survive in the total chaos of hyperinflation. Are the only truly safe investments. Read the rest of this entry »
(Goldseek) – Ron Paul talks to Chris Waltzek on GoldSeek Radio. Topics of discussion include the Financial Reform Bill, competing currencies, the gold price, and 2012. Read the rest of this entry »
(WPost) – 8 House members investigated over fundraisers held near financial reform vote
The Office of Congressional Ethics is investigating eight lawmakers who held fundraisers within 48 hours of a major House vote on a Wall Street reform bill or received substantial donations from business people with a financial stake in the bill, according to congressional sources and letters. Read More Here
(Money&Markets) – Two Consequences of the Stimulus Programs Washington Wants You to Ignore! – Read More Here
(BullionBullsCanada) – Fannie Mae Proposes Bulldozing U.S. Homes – Read More Here
(EconomicPolicyJournal) – Bank Run in Spain and Its Destabilizing Ramifications for the Entire EU
According to FT, Spanish banks borrowed €85.6bn ($105.7bn) from the ECB last month. This was double the amount lent to them before the collapse of Lehman Brothers in September 2008 and 16.5 per cent of net eurozone loans offered by the central bank. Read More Here
(InternationalForecaster) – The Fed’s Purchase of US Sovereign Debt: “The US Treasury is under the Control of the Fed’s Owners”. – Bob Chapman
US, UK and European financial systems are on the way to collapse Read More Here
(MarketWatch) – U.S. home building craters after tax break expires
Housing starts fell 10% to a seasonally adjusted annual rate of 593,000 in May, the lowest level since December. The details were even worse, as starts of single-family homes plunged 17% to a seasonally adjusted rate of 468,000, the lowest in a year. Read More Here
(LewRockwell) – Amnesty for the Banksters, Debtor’s Prison for the Serfs – Read More Here
(SoColPatriotsClub) – House Democrats Drop Ron Paul’s Audit of Federal Reserve
Yes, you read that right. Ron Paul’s push to audit the Federal Reserve Bank and see who received how much money in the last few years has been drastically reduced. Read More Here
Video: The Greecing of America, Simplified
The repercussions from Greece’s fiscal crisis are starting to ripple around the world. But are lessons being learned? – View Video Here
REPOST – (RussiaToday) – Video: Greece was used as trojan horse by Washington and Goldman Sachs, to damage Eurozone
“The whole attack on Greece and the attack on the euro originated from a concerted strategy of Wall Street and US Institutions to permanently cripple or try to cripple the only alternative reserve currency anywhere in the world that can challenge the dollar,” Engdahl told RT. Video Link Here
Video: Instead of budgeting, Congress is….
With all of the attention on the BP oil spill, the European debt crisis and even financial regulatory reform, the fact that Congress hasn’t passed (and will likely not pass) a federal budget for fiscal year 2011 is flying under the radar. View video Here
(WPost) – More college-educated jump tracks to become skilled manual laborers – Read More Here
(LewRockwellShow) – Podcast: We Ain’t Seen Nothin’ Yet – Lew with Gerald Celente
What does the state-bank-military complex plan next? As the second stage of the financial crisis hits, says Gerald Celente, we can expect them to start another war to divert people’s attention from the wholesale robbery of the productive. Listen to Podcast Here
(LewRockwell) – Bailing Out Politicians Now? – Patrick J. Buchanan – Read More Here
(WRMEA) – U.S. Financial Aid To Israel: Figures, Facts, and Impact – Read More Here
(MarketWatch) – Fannie, Freddie to scrap NYSE stock listings – Read More Here
(EconomicPolicyJournal) – Bloomberg Considering Former-Goldman Man for Deputy Mayor – Read More Here
REPOST – (Snard) – More Than 1 In 5 American Children Are Now Living Below The Poverty Line
Perhaps the greatest victims of the economic nightmare that is unfolding right in front of our eyes are our children. Read More Here
(AlterNet) – “Lure People Into That Calm and Then Just Totally F–k ‘Em”: How All of Us Pay for the Derivatives Market
Derivatives are a hotbed of abuses and bailouts. So why are taxpayers footing the bill? Read More Here
(Infowars) – Why You Should Buy Gold and Silver – Mark Dice – Read More Here
(FinancialSense) – Gold Going to Parabolic Top of $10,000 by 2012 – For Good Reasons
No wishful thinking here! As I see it gold is going to a parabolic top of $10,000 by 2012 for very good reasons – sovereign debt defaults, bankruptcies of “too big to fail” banks and other financial entities, currency inflation and devaluations – which will all contribute to rampant price inflation.
(Reuters) – Moody’s Cuts Greece Government Ratings to Junk
Moody’s on Monday downgraded Greece government bond ratings into junk territory, citing the risks in the euro zone/IMF rescue package for the debt-laden country. Read More Here
(InfoClearingHouse) – Bulging Inventory Signals Next Leg Down in Housing – Mike Whitney
Did the Federal Reserve collude with the big banks to hold millions of houses off the market until the Fed finished adding $1.25 trillion to the banks reserves? Did the Fed do this to make it appear that its bond purchasing plan (quantitative easing) was stabilizing prices when, in fact, it was the reduction in supply that stopped prices from plunging? It sure looks that way. This is from Bloomberg News: Read More Here
(HuffingtonPost) – “Dr. Death Says The U.S. Is Really, Really Sick.”
According to Roubini, for the US, the second half of 2010 will be worse than the first. US industrial capacity has fallen from 70 to 65%. Restocking depleted inventories is complete.
The United States, 25% of the global economy, can’t rein in its spending or cut debt. President George Bush inherited a surplus and went on to create the biggest deficit in US history (excepting WWII). Now, President Barack Obama is making matters worse by piling on more unsustainable debt. Read More Here
(DailyBell) – Doug Casey Revisits the Greater Depression and Explains the Realities of Investing in the 21st Century – Read More Here
(MoneyNews) – Volcker Warns: We Are Running Out Of Time
America is running out of time to fix its huge economic and fiscal problems, warns former Fed chair Paul Volcker, who now heads a financial advisory board to President Obama.
“Restoring our fiscal position . . . sorting out a reasonable approach toward limiting carbon omissions, and producing domestic energy without unacceptable environmental risks all take time,” Volcker writes in The New York Review of Books. Read More Here
(MarketWatch) – Bearish Schultz says hyperinflation may happen suddenly
Commentary: Crash-predicting letter says recovery might not come until 2028 Read More Here
(WPost) – Obama pleads for $50 billion in state, local aid
President Obama urged reluctant lawmakers Saturday to quickly approve nearly $50 billion in emergency aid to state and local governments, saying the money is needed to avoid “massive layoffs of teachers, police and firefighters” and to support the still-fragile economic recovery. Read More Here
(Bloomberg) – Economy in U.S. Slows as States Lose Federal Stimulus Funds – Read More Here
(PaulWatson) – Central Bank Hid Housing Market Crash Forecast
New revelations concerning how the Irish Central Bank hid data in a 2006 report indicating that a housing market crash was imminent underscores once again how financial elites covered-up signs of the coming economic turmoil in order to exploit the crisis at the expense of the people.
Months before the Irish housing market started to crumble in early 2007, which was followed by a wider collapse in the UK property market, the Irish Central Bank buried data from a crucial report which suggested that a 15 per cent fall in house prices was around the corner. Read the rest of this entry »
You Can Thank The Federal Reserve For The Coming Hyperinflation
See Also:
(RussiaToday) – Video:Rand Paul wins in a “Randslide” – Interview with Adam Kokesh – View Video Here
(RussiaToday) – Video: Rallying behind Rand – Interview with Shelly Roche – View Video Here
(Fox) – Video: 2010 – Year of the Political Outsider – Ron Paul and Rand Paul on Fox News – View Video Here
(SteveWatson) – Video: DNC Chairman – Rand Paul Is A Far Right “Extreme Candidate”
Commenting on Rand Paul’s historic victory in the Kentucky primary, the Democratic National Committee Chairman Tim Kaine called the would be Senator an “extreme candidate”, while other Democrats suggested Paul would be an easy target for them in the November general election.View Video Here
(LondonTelegraph) – Rand Paul’s win could be bad news for Republicans
The biggest loser from Rand Paul’s win in the Kentucky Republican Senate primary is Mitch McConnell. Read More Here
(Politico) – Rand Paul: “We have come to take our government back” – Read More Here
(CBSNews) – Video: Rand Paul – Tea Party Ready to “Flex Some Muscle”
While critics cast the Tea Party movement as a fad and a flash in the pan, Tuesday’s Republican Senate primary in Kentucky might prove to naysayers that they indeed are a legitimate force and their backing of Dr. Rand Paul has propelled him as the front-runner for what is usually a ho-hum race. Read More Here
(RussiaToday) – Video: Rand Paul – Perfect storm, people want change
RTs Dina Gusovsky is in Kentucky to find out what she can about Rand Paul’s, son of Congressmen Ron Paul, senate campaign and the pivotal primary elections that are taking place. The primaries for the midterm elections will offer a clearer look at whos shaping up to be a powerful force in 2010 and whos struggling to stay relevant in the long midterm cycle. Dina interviewed Rand Pauls family and says that the latest polls have Rand Paul ahead by about 18%. Read the rest of this entry »
(InflationUS) – NIA believes Meltup is the most important economic documentary ever produced in world history. The Second American Revolution has begun! Please share this documentary with all of your friends and family members immediately!
See Also:
The Dollar Bubble
Our new must see documentary on the collapse of the U.S. dollar! Become educated so that you can survive and prosper while many Americans enter poverty! ***The best spent 30 minutes of your life! Read the rest of this entry »
(OnlineJournal) – The Big Six banks are shorting the American Dream
The Big Six investment banks, Goldman Sachs, Morgan Stanley, JP Morgan Chase, Citigroup, Bank of America and Wells Fargo, are “shorting the American Dream,” according to economist Simon Johnson and entrepreneur James Kwak in an interview on April 16, “Financial Regulation and Regulatory Capture” on Bill Moyers Journal. Here’s a summary of the big and important ideas and issues on the table. Read More Here
(GlobalResearch) – Break up the Banks and Combat Financial Crime – Danny Schechter – Read More Here
(InfoClearingHouse) – What Really Triggered the Financial Crisis? – The Shadow Banking System Blew Up – Mike Whitney Read More Here
(ZeroHedge) – Will Goldman Sachs Prove Greed is God?
The investment bank’s cult of self-interest is on trial against the whole idea of civilization – the collective decision by all of us not to screw each other over even if we can Read More Here
(FinancialSense) – Reports of Our Recovery Are Greatly Exaggerated – Peter Schiff
From all outward appearances, it seems that a grim chapter in U.S. economic history has come to an end. Newsweek magazine declares that “America is Back,” government statistics indicate revival, and our stock market has put in a rally for the record books (by rate of ascent, not highs – we are still more than 25% below the 2007 peak). Read More Here
(SilverBearCafe) – The Middle Class Game Is Up: We’re Heading to a Slave Labor Planet Read More Here
(FinancialTimes) – US prepares to push for global capital rules
The US is preparing to pivot from domestic regulatory reform to a push for a tough new international capital regime after the weekend’s G20 and International Monetary Fund meetings glossed over differences between leading economies. Read More Here
(USAWatchdog) – Housing Sales and Inflation Surge
The big news in the economy last week was new home sales jumped 27% in March. It was the best monthly increase percentage wise since John F. Kennedy was in office. What the mainstream media did not tell you was new housing starts jumped up from a very low level– like the lowest level in history! This chart from shadowstats.com illustrates the point: Read More Here
(TimesOnline) – Greek meltdown in danger of spreading
Germany, France and the International Monetary Fund (IMF) must act quickly to bail out Greece to prevent a slide in confidence in financial markets, Alistair Darling said yesterday. Read More Here
(CNNNews) – Obama Sends Mixed Message on VAT as Fiscal Commission Prepares First Meeting Read More Here
(WashingtonsBlog) – Unemployment for Those Who Earn $150,000 or More is Only 3%, While Unemployment for the Poor is 31%
Boeing CEO Jim McNerney succinctly summarized a recent study by Northeastern University’s Center for Labor Market Studies regarding unemployment rates for different income brackets: Read More Here
The Democratic co-chairman of President Obama’s debt commission, Erskine Bowles, told Fox News Sunday that tax hikes for Americans are “on the table,” despite Obama’s election campaign promise that no individual earning under $200,000 dollars a year would be hit with any tax increases. Read More Here
Video: Gold, Cash, Currency, and Inflation Trends
Pastor Timothy Neptune (First Baptist Church of Marco Island) discusses the realities of our current economic crisis with Steve Meyers of Grainbelt Commodities. For more information, including the complete viewing of each study, visit us at www.fbcmarco.com Read the rest of this entry »
(HuffingtonPost) – Dodd Bill Would Allow Fed To Hide Its Spending – Read More Here
(JakartaGlobe) – Goldman probe a smokescreen to divert attention from financial crisis
A top Asian fund manager said on Wednesday the civil fraud allegations against massive Wall Street bank Goldman Sachs was a smokescreen to divert attention from the financial crisis in the United States. Read More Here
(USAWatchdog) – Failure Is the Only Reform We Need – Read More Here
(PubliusForum) – $338.3 Billion Paid to Service America’s Illegal Aliens
My friend Gary Karlin over at the Evanston Conservative blog has spent the last year or so collecting a series of stories detailing the costs of illegal aliens to the United States. Read More Here
(CNN) – Report: SEC staffers watched porn as economy crashed – Read More Here
(HoweStreet) – Hyperinflation Looms – The Dollar Arrives at Its ‘Havenstein Moment’
There is an interesting article in Canada’s Globe & Mail about the lack of growth in the US money supply. Ignoring for the moment that the quantity of dollars in circulation is significantly underreported, it observes:
“The money supply in the United States is doing something that almost never happens: it’s shrinking, after taking into account inflation. Similar episodes in the past have usually been scary times for investors. Declines in the amount of money in circulation have coincided with recessions, and some analysts looking at the current trend say it is a harbinger of trouble. Despite signs that the U.S. is in recovery, they worry that the money supply numbers indicate the economy remains vulnerable to the feared double-dip downturn, or is close to experiencing deflation.” Read More Here
(CNBC) – Governments Will ‘Bankrupt Us’: Marc Faber
Current economic policies are not sustainable and the world faces doom because “the governments are taking over”, said Marc Faber, editor & publisher of The Gloom, Boom & Doom Report. Read More Here
(FauxCapitalist) – The CIA overstates Canada’s government spending by more than 200% – Read More Here
(GoldenTruth) – Russia and China Are Selling Treasuries and Buying Gold…
Fred Hickey of the High Tech Strategist newsletter fame gave a brutally honest interview with The Wall Street Cheat Sheet about the financial/economic condition of the United States and how China and Russia, two of the largest financiers of our Government, are protecting themselves from the reckless policies of Obama and Bernanke. Here’s is a quote: Read More Here
(HuffingtonPost) – LA Court System In Financial Crisis, Closing Court Rooms
An unprecedented financial crisis afflicting the nation’s largest court system is in the hands of the policy making California Judicial Council, with Los Angeles court officials awaiting its decision on their plea for an infusion of cash. Read More Here
(ZeroHedge) – Alan Grayson Discloses That Dodd Bill Covertly Eliminates Already Passed Legislation Requiring Full Fed Audit
Once again we get confirmation that Chris Dodd is nothing but a paid manservant for his Federal Reserve masters, in addition to being a lame duck, whose last days in office are meant to do everything to allow the old-school Wall Street ways of endless secrecy and Fed bailouts to continue in perpetuity. Read More Here
(ZeroHedge) – Insights Into America’s Disneyland And Our “Neo-Feudalistic, Gulag Casino Economy” From Mike Krieger – Read More Here
(LewRockwell) – Video: How an Economy Grows and Why It Crashes – Lew Rockwell Show with Peter Schiff – View Video Here
(MoneyNews) – Video: Jim Rogers: Next Recession Will Be Much Worse – Video Link Here
(ZeroHedge) – Richard Koo Says If Banks Marked Commercial Real Estate To Market,It Would “Trigger A Chain Of Bankruptcies”
Richard Koo’s latest observations on the US economy are as always, a must read. The critical observation from the Nomura economist explains why the realists and the naive idealists are at greater odds than ever before: the government continues to perpetuate, endorse and legalize accounting fraud in the hope that covering everything up under the rug will rekindle animal spirits. Read More Here
(Fortune) – ‘The SEC is a farce’ – expert Read More Here
(WashingtonsBlog) – Are Interest Rate Derivatives a Ticking Time Bomb?
Derivatives are the world’s largest market, dwarfing the size of the bond market and world’s real economy. Read More Here
(CommonDreams) – Democrats Haunted by Corporate Ties
President Barack Obama and congressional Democrats are promising a climactic clash with Wall Street, but there’s a complication in their battle plan: The Democratic Party is closer to corporate America – and to Wall Street in particular – than many Democrats would care to admit. Read More Here
(CNN) – Video: Federal Reserve – Destroying the American economy since 1913 – View Video Here
(Courant) -2,000 Connecticut Teachers Face Layoffs Before Next School Year More Here..
(Reuters) – Sallie Mae To Cut 2500 Jobs More Here..
(BuffaloNews) – Buffalo: City School Budget would Lay off 700 More Here..
(NBR) – Fletcher Layoffs Hit 120 People More Here..
(ClevelandBlog) – Hundreds of Cleveland teachers, Principals to Lose Jobs More Here..
(Freep) – Detroit Public Schools sends layoff notices to 2000 Teachers More Here..
(SeattleTimes) – Boeing issues layoff notices to 130 in state, 300 companywide More Here..
(CityRoom) – More than 1,000 staff members were laid off on Monday at the bankrupt St. Vincent’s Hospital Manhattan. More Here..
(AlexJones) – Video: Bill Murphy Reveals JPMorgan Chase’s Gold & Silver Manipulation on Alex Jones
Alex talks with Bill Murphy, a financial commentator and chairman of GATA, the Gold Anti-Trust Action Committee. GATA was organized in January 1999 to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities. GATA exposes and actively opposes collusion against a free market in gold, other precious metals, currencies, and related securities. Read the rest of this entry »
(PoliticalTheatrics) – Noam Chomsky, the leading leftwing intellectual, warned last week that fascism may be coming to the United States.
“I’m just old enough to have heard a number of Hitler’s speeches on the radio,” he said, “and I have a memory of the texture and the tone of the cheering mobs, and I have the dread sense of the dark clouds of fascism gathering” here at home. Read the rest of this entry »
(Goldseek) – Several weeks ago I speculated that we were “On the Brink of an Asset Explosion” . So far events are unfolding about as expected. I might even say they are moving more aggressively than I thought. Well actually, there’s no doubt this cyclical bull is unfolding much more aggressively than anyone expected.
Compare the angle of assent of this cyclical bull to the last one. Read More Here
(BackWoodsHome) – “No one can predict the future,” I heard a voice say as I walked into the offices of Backwoods Home Magazine. The speaker went on to add, “But there are a lot of reasons to believe we are in danger of entering a period of hyperinflation of the dollar.”
I hesitated because I knew the voice and I followed it to Dave Duffy’s office. Dave’s the guy who publishes this magazine. But the speaker I was hearing was none other than our poker-playing friend from Southern California, O.E. MacDougal. Read the rest of this entry »
(LewRockwell) – Despite encouraging words from politicians and the establishment media’s talking heads, it is clear to me, and I believe most Americans who do not live in a regime ivory tower, that we are not coming out of the recession. In fact, things appear to be getting worse as unemployment continues to rise and businesses cut salaries or shut down. The fears that this recession could turn into another Great Depression are very real, as we have lost so much of our capacity to create wealth and the federal government seems determined to use up any remaining capital fighting endless wars, funding endless entitlement programs, and spending trillions of dollars on non-wealth-creating “stimulus” programs while handing out even more trillions to their bankster buddies and corporate cronies. However, another 1930s-style depression is not what keeps me up at night with worry. Read the rest of this entry »
The Congressional Budget Office is estimating that the healthcare bill will cost $940 billion over the next 10 years, but if history is any indication, the actual cost will likely be several trillion dollars. NIA believes the healthcare bill will be the final nail in the coffin of the U.S. economy and will just about guarantee that we will see hyperinflation by the year 2015. Read the rest of this entry »
Don’t open your eyes
You won’t like what you see
The blind have been blessed with security
Don’t open your eyes
Take it from me
I have found you can find
Happiness in slavery Nine Inch Nails-Happiness in Slavery
Think you’re free? Think again, slave!
This week the Federal government will attempt to auction off 118 billion dollars in U.S. debt to anyone who thinks the U.S. dollar is a great place to be. Of course if you ask liars like Fed Chief Ben Bernanke or his young sidekick “tiny” Tim Geithner, they will most certainly assure you that the dollar is strong and that the U.S economy is on a miraculous rebound. But this is fiction. Read the rest of this entry »
(WorldNetDaily) – A newly released Rand Corporation report proposes the federal government create a rapid deployment “Stabilization Police Force” that would be tasked with “shaping an environment before a conflict” and restoring order in times of war, natural disaster or national emergency. Read the rest of this entry »
Economic historian Peter Bernholz has identified that inflation starts to take on hyperinflationary characteristics some time after the deficits of a country as a share of government expenditure rise above a third and stay there for several years. Read the rest of this entry »
After the recent devaluation of the currency of Venezuela, why is devaluation of the dollar not a possibility to avoid hyperinflation of the dollar in the United States? In this video I explain why devaluation of the dollar is not something of an option, and hyperinflation is the only real alternative Read the rest of this entry »