(SHTFPlan) – While public officials may be ignoring the continued deterioration of our economy, job losses to the tune of hundreds of thousands of people weekly, and the unprecedented demand for government emergency support services like unemployment insurance and food assistance, Americans who sense uncertainty in the air are flocking to the safety of physical resources. Read the rest of this entry »
(Salon) – In late January, I wrote about the Obama administration’s “presidential assassination program,” whereby American citizens are targeted for killings far away from any battlefield, based exclusively on unchecked accusations by the Executive Branch that they’re involved in Terrorism. At the time, The Washington Post‘s Dana Priest had noted deep in a long article that Obama had continued Bush’s policy (which Bush never actually implemented) of having the Joint Chiefs of Staff compile “hit lists” of Americans, and Priest suggested that the American-born Islamic cleric Anwar al-Awlaki was on that list. The following week, Obama’s Director of National Intelligence, Adm. Dennis Blair, acknowledged in Congressional testimony that the administration reserves the “right” to carry out such assassinations. Read the rest of this entry »
(IND) – China’s gold rush ‘will be stampede by 2020′ – Read More Here
(NYTimes) – Stocks Soar, but Many Analysts Ask Why
The unemployment rate remains locked in a range that recalls the economic doldrums of the early 1980s. Housing is stuck in a ditch, with foreclosures rising. And consumers are still reluctant to part with the little cash they do have. Read More Here
(NorthJersey) – Cash-strapped states using income audits to get funds
State audits on income and sales taxes for the smallest businesses as well as out-of-state inquiries on operations in other states are on the rise, accountants say. Read More Here
(BusinessInsider) – There Are No New Taxes Coming In America…. Except The Massive One That Will Sock The Economy In The Gut – Read More Here
(ContrCostaTimes) – Chiang: Worst yet to come for California budget crisis
State Controller John Chiang said Monday the worst of California’s budget crisis is still to come. Read More Here
(NYTimes) – State Debt Woes Grow Too Big to Camouflage
California, New York and other states are showing many of the same signs of debt overload that recently took Greece to the brink — budgets that will not balance, accounting that masks debt, the use of derivatives to plug holes, and armies of retired public workers who are counting on benefits that are proving harder and harder to pay. Read More Here
(InfoClearingHouse) – Eighteen Million, Out in the Road
How cold and callous can we become? When, as a society and as a nation, we can undergo a massive earthquake under our very feet and before our very eyes, how can we just ignore its victims? Read More Here
(InfoClearingHouse) – Video: Tent Slums Spring Up in America
Concentrations of homeless people are nothing new in America, but recent BBC and Los Angeles Times reports depict a rising trend of shanty slums, such as a “city” of newly homeless people living in tents near the Ontario airport in Los Angeles. View Video Here
(InfoClearingHouse) – Workhouse Nation – The Plight of Mass Unemployment in America. What are the Causes? Read More Here
(WickedLocal) – Bay State foreclosures up 13.8 percent
Completed foreclosures in Massachusetts fell 19.6 percent in February, compared to January, but were 10.4 percent higher than in February 2009, according to data released Thursday morning. Also, foreclosure deeds jumped 13.8 percent to 2,058 in the first two months of the year from 1,809 during the same period in 2009, the Warren Group reported. Read More Here
(CBS2Chicago) – Report: 20,000 Illinois Teachers Could Lose Jobs
9,800 Teachers Are Already Out, Many More Layoffs Are Planned Read More Here
(AP) – IN could see new wave of foreclosures
The number of Indiana mortgages that were 90 days or more overdue jumped to its highest level in more than a year in January, a statistic that has many fearing a surge of home foreclosures in 2010. Read More Here
(FortWorthBP) – Commercial real estate to see ‘storm’ of foreclosures
The 2010 Tarrant County commercial real estate market looks to be similar to 2009 with one big difference according to local foreclosure expert George Roddy Sr.: a ‘closing window of opportunity.’ Read More Here
(Infowars) – Today marks the beginning of a new administration in Chile as Harvard economist and billionaire Sebastián Piñera eked out a narrow victory in January. Interestingly this is related to the rest of the world as we also see today Greek police, dressed in the Darth Vader costumes used in every country, cracking down hard on their poor countrymen. They have been robbed by the elite financier/politician tag-teams that roam the world attacking whichever country and currency they choose. Read the rest of this entry »
(AustrianTimes) – Innsbruck political scientist Claudia von Werlhof has accused the USA of being behind the Haitian earthquake in January, it emerged today (Tues).
Werlhof said that machines at a military research centre in Alaska used to detect deposits of crude oil by causing artificial earthquakes had intentionally been set off to cause the Haitian earthquake and enable the USA to send 10,000 soldiers into the country.
Ferdinand Karlhofer, the head of the Innsbruck Political Science Institute where von Werlhof works, has slammed her comments. He said such conspiracy theory had no scientific basis and her claim would damage the reputation of the Institute abroad.
(Reuters) – Nearly 20% of US Workers Underemployed in Jan
Nearly 20 percent of the U.S. workforce lacked adequate employment in January and struggled to make ends meet with reduced resources and bleak job prospects, according to a Gallup poll released Tuesday. Read More Here
(Reuters) – Regulators report 27 percent jump in problem banks
The number of “problem” U.S. banks jumped 27 percent during the fourth quarter of 2009 to 702, the highest level since 1993 and a sign the industry’s recovery is still shaky, regulators reported on Tuesday. Read More Here
(Reuters) – US Jan mass layoffs edge up on weak manufacturing
The number of mass layoffs by U.S. employers edged up in January as manufacturers stepped up job cuts, data showed on Tuesday, but probably not enough to alter views that the economy is on the brink of creating jobs. Read More Here
(AP) – Report: States’ tax collections fall again
States again saw sharp declines in tax collections in the last quarter of 2009 — a record fifth straight quarterly drop, according to a new report that predicts more looming spending cuts or tax increases. Read More Here
(TheComingDepression) – Mainstreet in the gutter while wallstreet post 17% bonuses in 2009
Bonuses on Wall Street rose 17 percent last year to $20.3 billion even as the industry faced a public backlash over pay practices. Read More Here
(Telegraph) – Concerns grow over China’s sale of US bonds
Evidence is mounting that Chinese sales of US Treasury bonds over recent months are intended as a warning shot to Washington over escalating political disputes rather than being part of a routine portfolio shift as thought at first. Read More Here
When a congressional panel convened a hearing on the government rescue of American International Group Inc. in January, the public scolding of Treasury Secretary Timothy F. Geithner got the most attention. Read More Here
(Aljazeera) – Spain engulfed by pension protests
Spain’s debt-laden Socialist government has witnessed the first mass protests by unions in its six years in power as anger over a plan to raise the retirement age spilled onto the streets. Read More Here
(247WallSt) – Underwater Mortgages Hit 11.3 Million
There is a reason that 702 American banks, nearly one in ten, were on the FDIC “problem list” as of the end of 2009. A large number of small and mid-sized banks are burdened with home and commercial mortgages that are in default and may even go into foreclosure. Read More Here
(VancouverSun) – U.S. economy is a shambles, with no improvement in sight
President Obama’s claim that a second depression isn’t possible doesn’t square with the relevant numbers Read More Here
(ZeroHedge) – FDIC Hits Record “Default” Level As Deposit Insurance Fund Plunges By $12.7 Billion To NEGATIVE 20.9 Billion
The U.S. banking industry continued to struggle in the fourth quarter, as the number of banks on the brink of failure continued to rise and the government’s fund to protect deposits fell sharply into the red. Read More Here
(EconomicPolicyJournal) – Where Did the Links Go That Point to the Government Forcing Your 401k and IRA Money into Treasury Securities?
Forget about hedging inside your 401k and IRA against inflation. Sooner than you think, you will not be allowed to own gold ETF’s, gold mining stocks or gold related mutual funds in your 401k or IRA. Read More Here
(Bloomberg) – Greek Police, Protesters Clash in Nationwide Strike (Update2)
Greek police fired tear-gas and clashed with demonstrators in central Athens after a march organized by unions to oppose Prime Minister George Papandreou’s drive to cut the European Union’s biggest budget deficit. Read More Here
(ChimpPlanet) – Trillions for War And None For The American People
In 2001, George W. Bush attempted to destroy Social Security by turning the people’s money over to Wall Street. Then, 9/11 happened and Social Security was saved for the time being. Read More Here
(WashingtonsBlog) – Foundation for the Study of Cycles: Gold to $2,000 By Late 2011, While Dollar and Stocks will Sink
I’m agnostic about different cycle systems, but – for what it’s worth – the Foundation for the Study of Cycles is predicting: Read More Here
(ZeroHedge) – The $100 Trillion Problem: Can America Learn From Chile Before It’s Too Late?
Jose Pinera provides an Entitlement State 101 lecture, in which Chile’s former Labor and Social Security Minister demystifies the U.S.’s $100 trillion unfunded benefits problem. Since Pinera is the man who many years ago privatized Chile’s entitlement system, America, and the entire Western system, which for the past century has been relying on unfunded liabilities to provide benefits to the population in the hopes that funding day will never come, may do well to listen to what he has to say. Read More Here
Home loan delinquency rates in the United States have now surpassed 10 percent, Lender Processing Services (LPS) reported this week. Read More Here
(CBOnline) – Fitch: Delinquencies for commercial mortgage backed securities rise in January
Delinquencies for commercial mortgage-backed securities rose in January, fueled by increases in five main property types for the fifth straight month, Fitch Ratings said Friday. Read More Here
Video: Financial Collapse 2010 – Repetition of the 29 Depression – Video Link Here
(HeraldSun) – World bankers meet in Sydney as recovery fears intensify
THE world’s top central bankers began arriving in Australia for high-level talks as renewed fears about the strength of the global economic recovery gripped world share markets. Read More Here
(DowJones) – The U.S. unemployment rate unexpectedly declined in January, but the economy continued to shed jobs and revisions painted a bleaker picture for 2009, casting doubt over the labor market’s strength. Read the rest of this entry »
(Yahoo) – Job losses during the Great Recession have been huge and they’re about to get bigger.
When the Labor Department releases the January unemployment report Friday, it will also update its estimate of jobs lost in the year that ended in March 2009. The number is expected to rise by roughly 800,000, raising the number of jobs shed during the recession to around 8 million. Read the rest of this entry »
I was among the several people arrested on Sunday, January 31, while protesting outside the main gate of Vandenberg Air Force Base. The purpose of my protest was to criticize the development, maintenance, and potential use of nuclear weapons by the United States. Read the rest of this entry »
(Telegraph) – Britons experienced the coldest January for more than 20 years after heavy snowfall in the first half of the month, figures revealed. Read the rest of this entry »
Lindsey Williams, who has been an ordained Baptist minister for 28 years, went to Alaska in 1971 as a missionary. The Transalaska oil pipeline began its construction phase in 1974, and because of Mr. Williams’ love for his country and concern for the spiritual welfare of the “pipeliners,” ; he volunteered to serve as Chaplain on the pipeline, with the subsequent full support of the Alyeska Pipeline Company. Because of the executive status accorded to him as Chaplain, he was given access to information documented in his eye opening book, The Energy Non-Crisis. Read the rest of this entry »
(Breitbart) – China on Friday protested the US decision to sell 6.4 billion dollars in weapons to Taiwan and warned of “serious” damage to relations and cooperation with Washington. Read More Here
(CSPAN) – January 20,2010 – Sen-Elect Scott Brown (R) the next day after getting elected… “There are some very good things in the national plan that’s being proposed…” Read the rest of this entry »
(ABCNews) – Robert Kiyosaki founder of the books of Rich Dad Poor dad Talks about: Economic Collapse Says The Worst To Come Read the rest of this entry »
In the wake of the Flight 253 provocation, over-hyped terrorism panics, and last year’s Big Pharma and media-engineered hysteria over the H1N1 flu pandemic, President Barack Obama signed Executive Order 13528 on January 11. Read the rest of this entry »
(Bloomberg) – Even if Democrats lose the Jan. 19 special election to pick a new Massachusetts senator, Congress may still pass a health-care overhaul by using a process called reconciliation, a top House Democrat said. Read the rest of this entry »
(Fox) – John Stossel’s show tonight is about the so called crony capitalism. Do we have a capitalist system in America or is it a crony capitalism where companies have to hire lobbyist to change the regulation and get away with practically everything? Read the rest of this entry »
Jesse Ventura and a team of expert investigators are on a mission to examine some of the most frightening and mysterious conspiracy allegations of our time. Read the rest of this entry »
(Yahoo) – January 11, 2010 – Celente believes the bailouts have just postponed a depression – not prevented one: “The hand may change but the game doesn’t change.” Read the rest of this entry »
Jesse Ventura and a team of expert investigators are on a mission to examine some of the most frightening and mysterious conspiracy allegations of our time. Read the rest of this entry »
(DailyMail) – The move by Capital One means some customers will be paying almost 40 per cent interest on their Christmas gifts and January sale purchases unless they clear the balance on their cards. Read the rest of this entry »
(BobChapman) – The number of Americans filing first- time claims for unemployment benefits fell last week to the lowest since January, a sign the labor market is deteriorating more slowly as the economy emerges from the recession. Read the rest of this entry »
General Motors (GM) announced Wednesday that it will lay off 10,500 more workers by January 1 in order to meet the terms of its “restructuring” plan, which was forced on the largest US automaker by the Obama administration’s Auto Task Force in the summer. Read the rest of this entry »
(BusinessInsider) – More proof that the commercial real estate
crash is coming: hotel foreclosures in California have more than tripled in the first nine months of this year, according to Bloomberg. Read the rest of this entry »
Despite the parade of various international diplomats and aid workers surveying the destruction in Gaza, virtually nothing has changed since Israel ended in January its Operation Cast Lead assault—peversely named after a line in a children’s Hannukah poem. Israel launched its assault on Dec. 27, 2008, during the Jewish religious festival. Read the rest of this entry »
