Economy

18th June 2010

(BusinessInsider) – Greek Communists Say IMF-Imposed Austerity Means “Dachau Conditions For Life”

Greek communists are cranking up the rhetoric against IMF-imposed austerity measures, now calling for war against the Athens government. Read More Here

(TheStreet) – Gold Prices Top Record, Break $1,260 – Read More Here

(Bloomberg) – Greenspan Says U.S. May Soon Reach Borrowing Limit

Former Federal Reserve Chairman Alan Greenspan said the U.S. may soon face higher borrowing costs on its swelling debt and called for a “tectonic shift” in fiscal policy to contain borrowing. Read More Here

(Fool) – The Coming Financial Meltdown

The problem is getting worse. Notional amounts of derivatives held by federally insured banks have risen to more than $200 trillion. Read More Here

(MyNews4) – Video: Nevada’s unemployment rate to reach No. 1 in U.S. – View Video Here

(PaulWatson) – Obama Plans To Sneak Through Carbon Tax By Stealth

Job killing, economy wrecking, middle class destroying consumption tax to be added in lame duck session after November elections Read More Here

(WebOfDebt) – Hyperinflation or Deflation? Dramatic Fiscal Austerity Measures: “Deficit Terrorists” Strike in the UK — The USA is Next – Ellen Brown

Last week, England’s new government said it would abandon the previous government’s stimulus program and introduce the austerity measures required to pay down its estimated $1 trillion in debts. That means cutting public spending, laying off workers, reducing consumption, and increasing unemployment and bankruptcies. It also means shrinking the money supply, since virtually all “money” today originates as loans or debt. Reducing the outstanding debt will reduce the amount of money available to pay workers and buy goods, precipitating depression and further economic pain. Read More Here

(Reuters) – Philly Fed Factory Activity Index Plummets in June

Factory activity growth plummeted in the Mid-Atlantic region in June, a survey showed on Thursday, adding to worries that the short and tepid U.S. economic recovery is now fizzling. Read More Here

(StarTribune) – Video: In jail for being in debt

You committed no crime, but an officer is knocking on your door. More Minnesotans are surprised to find themselves being locked up over debts. Read More Here

(EconomicPolicyJournal) – Swiss Legislators Sell American Tax Evaders Down the River to Bailout Big Bank

The legislators have approved a law that clears the way for the government to hand over the names of thousands of alleged U.S. tax evaders to the Internal Revenue Service, dodging the risk that the U.S. would reopen a bruising tax case against Swiss bank UBS AG, according to WSJ. Read More Here

(RawStory) – US jobless claims in surprise rise

New claims for jobless insurance benefits in the United States rose unexpectedly for the second straight week, the government said Thursday on concerns unemployment may derail the economic recovery. Read More Here

(NBCSandiego) – New Wave of Cuts at Union-Tribune: Sources

The San Diego Union Tribune told employees Thursday the company is cutting close to 40 newsroom positions, according to sources. Read More Here

(Bloomberg) – Illinois Debt-Default Insurance Climbs to Record High (Update1)

“If the spread is the widest, it says the problem is bigger than it’s ever been before,” said Peter Hayes, who oversees $106 billion of municipal bonds for New York-based BlackRock Inc. “It’s a reaction to the inability to pass a budget. We’ve seen a greater unwillingness from Illinois and the market is reacting to that.” Read More Here

BREAKING – (SCMLA) – Video: Banks In Oaxaca, Mexico No Longer Accept American Dollars

SoCal Martial Law Alerts (SCMLA) interviewed Lee, an American who discovered while on a recent (Christian) mission trip to Oaxaca, Mexico, that Mexican banks will no longer exchange American dollars for Mexican pesos.

Lee said that, when he first arrived in Oaxaca two weeks ago, the banks would still exchange American dollars for Mexican pesos, but then when he accompanied a friend to a Mexican bank approximately one week ago, that’s when he discovered the policy change regarding dollar-to-peso currency exchanges. Read the rest of this entry »

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Mass Country Wide Closing and Layoffs

12th June 2010

Here are closing stores, restaurants, layoffs etc just in the last few days! I’m sure the readers here are familiar with some of these businesses. Click on the links. Comments on “Green Shoots”?

Johnnie Walker’s Men Store in Milwaukee Wisconsin
Pipkin Cameras and Imaging Store in Oklahoma City
Allain Gallery in Richmond Virginia
Stone’s Throw Golf Course in Newton Ill
Glacier Ice Arena in Grand Junction Colo.
Maumee 18 Theater in Maumee Ohio

Eccentrix in Joplin MO
The White Pine Copper Refinery
3M to Close Ardmore Plant – 125 Jobs Lost
Provincetown High School in Mass.
B&G Golf in Brookfield
Update: Taylor Sawmill in Enfield ill
Pages New and Rare Bookstore Arizona
Select Medical Corp Manchester MO Facility – 66 layoffs
Caye Upholstery, Closing 2 NC Facilities – 160 Jobs Lost
Ripley County Fair NY
Blockbuster in Oak Ridge Tenn.
The Hubbard BMV in Ohio
The Golden Corral Buffet & Grill restaurant on Seminole Trail VA?
Update: Ken Lee’s Gallery 11 in Steamboat Springs

Hillsborough County FL – 200
Brown University Bookstore RI – 8
Lucas County Sheriff’s Office OH – 16
La. Department of Education – 31
Exempla Healthcare – 100 Position from Hospitals in Denver
Boeing – Lost of Constellation Funding Could = 180 Layoffs
City of Romulus – 32 Layoff Notices
Burke County Public Schools NC -  70
Middleboro School District – 30
Marian Community Hospital – 26
Cinram – 482
The Siena Hotel Spa Casino in Reno – Eliminating Table Games = 35 Layoffs

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Economy

1st June 2010

(EconomicPolicyJournal) – HOT: Curious Trading by Federal Reserve Advisor May Result in JPMorgan Chase $1.264 Billion Windfall – Read More Here

(NYTimes) – Home Owners Stop Paying Mortgages – Read More Here

(MiamiHerald) – Gulf shrimpers fear oil spill will put them out of business – Read More Here

(CNNMoney) – Three American cities on the brink of broke – Read More Here

(BizJournals) – Four more Ga. banks get consent orders – Read More Here

(NewsObserver) – Mental health group can pay only half wages – Read More Here

(Fox43) – Video: Thousands of job losses possible if federal funding expires – Read More Here

(HometownAnnapolis) – Cohen to unveil more budget cuts – Read More Here

(ZeroHedge) – Bank Of International Settlements Warns To Ignore Banker “Doomsday Scenario” Fearmongering And Racketeering – Tyler Durden

Over the past two years, the one strategy that has elicited the greatest amount of anger in the general population has been the traditional resolution to the “lowest common denominator” strategy of fearmongering or racketeering by the financial elite, any time it was faced with a status quo extinction event Read More Here

(TheEconomicCollapse) – Europe’s Coming Summer Of Discontent

The summer of 2010 promises to be the most tumultuous summer in the short history of the European Union. The sovereign debt crisis sweeping the continent threatens to cause economic and political instability on a scale not seen in Europe for decades. Read More Here

(Reuters) – China warns debt woes threaten global recovery

China warned on Monday that Europe’s struggle to contain ballooning debt posed a risk to global economic growth, raising the specter of a double-dip recession. Read More Here

(Reuters) – ECB warns of more bank loan losses

The European Central Bank warned on Monday that euro zone banks face up to 195 billion euros in a “second wave” of potential loan losses over the next 18 months due to the financial crisis, and disclosed it had increased purchases of euro zone government bonds. Read More Here

(PressTV) – Eurozone jobless rate hits record high

Unemployment rate in the Eurozone counties has jumped to a historic 10.1 percent — its highest since the introduction of Euro.

According to statistics released by the European Union, almost 16 million people living in the Eurozone countries are currently out of jobs. Read More Here

(ABCNews) – Hewlett-Packard to Cut 9K Jobs; See $1B in Charges

Hewlett-Packard Co. said Tuesday it will cut about 9,000 jobs and take $1 billion in charges over three years as it creates fully automated commercial data centers. Read More Here

(AP) – Video: Deep Cuts Looming for Nation’s Public School Kid

Budget crises across the nation are forcing thousands of teacher pink-slips, shuttering classrooms and cutting school programs. This is the first story in a 3-part AP investigation series. Read the rest of this entry »

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Climategate

7th May 2010

(UnionLeader) – James M. Taylor: Cap and trade — taxing our way to bankruptcy

Senate Majority Leader Harry Reid, D-Nev., has declared (April 28) that he is making global warming the Senate’s top priority. With legislation likely to impose monumental costs on the nation’s economy while accomplishing no real-world climate benefits, this is a fitting conclusion for a Congress intent on bankrupting the nation through sheer clumsiness and ignorance. Read More Here

(BusinessWeek) – U.S. Carbon Limits to ‘Slightly’ Raise Jobless Rate (Update2)

U.S. limits on carbon dioxide and other greenhouse gases that scientists have linked to climate change would raise the unemployment rate, the Congressional Budget Office said today. Read More Here

(OzClimateSense) – Poll:Most Aussies Don’t Believe in Man-made Global Warming

The Sydney Morning Herald reports on a new Galaxy poll showing only 35% of Aussies believe in man-made global warming which is a huge blow to the warming lobby and shows how far out of step the Rudd Government is with the Australian population. Read More Here

(AOLNews) – Late-Season Snow, Frost on the Way

If you thought that all of the winter weather words were packed away in the back of the National Weather Service’s closet, not to be pulled out for months to come, you’re in for a surprise. Two words from the winter glossary — “snow” and “cold” — are going to be mentioned during this first full week of May. Read More Here

(C3Headlines) – Trees of Medieval Warming Period Found Under Swiss Glacier: Scientists Conclude MWP Warmer Than Present

Read here. Map here. Studying the fossil remains of trees located under a Swiss glacier, scientists verify that the treeline was some 200 meters higher than the current one. This indicates that Medieval Warming Period (MWP) was not only warmer, but lasted an extended period.

“Based on radiocarbon dating of the fossil wood remains of eight larch fragments found one meter beneath the surface of the ground at the base of the front of the Piancabella rock glacier,… the authors determined that the wood was formed somewhere between AD 1040 and 1280 …Then, based on this information and “geomorphological, climatological and geophysical observations,” they inferred that “the treeline in the Medieval Warm Period was about 200 meters higher than in the middle of the 20th century, which corresponds to a mean summer temperature as much as 1.2°C warmer than in AD 1950.”…adjusting for warming between 1950 and the present, we calculate
that the MWP was about 0.5°C warmer than the peak warmth of the CWP.”

More climate history postings. – Source: C3 Headlines

(OilPrice) – Climate Change: Money, Politics & Scandals

“With all the hysteria, all the fear, all the phony science, could it be that manmade global warming is the greatest hoax ever perpetrated on the American people? I believe it is.” – US Senator James M Inhofe (Republican – Oklahoma), 28 July 2003.
Such is the rallying cry of the climate change denial movement. Since Senator Inhofe made this statement seven years ago, the drive to discredit climate change and the science that underpins it has enjoyed considerable success, even as awareness about climate change and the threat it poses to humanity has gone mainstream. Read More Here

(Fox) – Video: New Revelations on Climategate – Sean Hannity Read the rest of this entry »

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If The U.S. Economy Is Experiencing A Recovery Why Does It Seem Like Things Keep Getting Worse?

11th April 2010

(EndOfTheAmericanDream) – The talking heads on all the major news shows keep telling us that the U.S. economy is experiencing a recovery.  Usually the term “recovery” is accompanied by a qualifier such as “jobless”, but they continue to use the word recovery anyway.  We are told that the greatest financial crisis since the Great Depression is behind us and that the great American economic machine is roaring back to life and everything will be back to normal soon.  So why does it seem like things keep getting worse?  Why does it seem like the American Dream is out of reach for more Americans than ever?  Why does it seem like economic pain is spreading to more families and more businesses?

Well, maybe it is because things are getting worse. Read the rest of this entry »

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Economy

9th March 2010

(NYTimes) – Program to pay homeowners to sell at a loss

In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some of them to leave. Read More Here

(BuffaloNews) – Food-stamp recipients up to record 39 million

Almost 39 million Americans received food stamps in December, the most ever, as the jobless rate hovered near a 26- year high, the government said. Read More Here

(Freep) – Owners walk from homes, values erode

With more than 500,000 households in Michigan owing more on their mortgages than the homes are worth, thousands of Michigan residents are choosing to abandon their homes and walk away, even if they can afford to continue making payments. Read More Here

(Blog) _ Are Traders Demanding US Credit Default Swaps Payable in Gold?

If another author had said this I might not pay it so much attention. Lately some have been given over to a tabloid approach to overstatement and sensational headlines to attract attention. This is a strong temptation as the blogosphere expands, similar to the development and evolution of newspapers as a popular medium in Victorian London for example. Read More Here

(WorldTribune) – Organized crime: The ‘looting’ of $11 trillion from the U.S. economy

The following is based on a report by Cliff Kincaid for Accuracy in Media. Read More Here

(MSNBC) – Public pension funds are ‘going to Vegas’

States and companies have started investing very differently when it comes to the billions of dollars they are safeguarding for workers’ retirement. Read More Here

(ABC) – A Complicated Enemy: Obama Seeks to Vilify Health Insurers, Give Them $336 Billion Check

ABC’s Z. Byron Wolf reports: President Obama and Democrats launched a campaign to vilify insurance companies in the final stretch of their health reform effort. Read More Here

(Telegraph) – The end of the road for Barack Obama?

Barack Obama seems unable to face up to America’s problems, writes Simon Heffer in New York. Read More Here

Greek police stormed a government printing

In Athens, Greek Ministry of Internal Affairs officers stormed the state printing office. It is reported by TV channel “Russia 24″.

Greek police want to prevent the publication of government paper with the text of the law of the new stringent economy measures of the federal budget. According to the law of the country, passed a law can come into force only after publication in the official newspaper of the Government of Greece. Read More Here

(OpEdNews) – First Iceland, then the World

Who cleans up the mess when ignorant, greedy bankers rack up massive debt then go broke? The people of Iceland made a strong statement Saturday. The sins of big bankers and government regulators shouldn’t fall on the citizens. By a 93% to 2% margin, they voted down a proposal requiring them to cover bad debt incurred by one of the nation’s oldest and largest banks. Covering the debt would have cost Iceland’s 317,000 citizens around $17,000 each. Read More Here

(DailyTelegraph) – Fuel bills will pay for eco-upgrades

Ed Miliband, the Energy and Climate Change Secretary, said seven million homes will have insulation or renewable energy devices like solar panels fitted by 2020. Read More Here

(TulsaWorld) – No bottom yet – Big revenue source down 12th straight month

Tulsa’s sales-tax revenue this month dropped 11.6 percent or about $2 million from March 2009, capping off 12 straight months of negative numbers. Read More Here

(Reuters) – China at the wheel of the Soros and Goldman Gold Hedging Vessel – Read More Here

(CNN) – Chevron to cut 2,000 jobs – Read More Here

(Tennessean) – Ford finance arm to cut 200 jobs in Franklin – Read More Here

(MercuryNews) – Cash-strapped LA County courts to begin layoffs – Read More Here

(KCTV5) – Shawnee Mission Schools Cutting $10 Million, 128 Jobs – Read More Here

(CNN) – 43% have less than $10k for retirement

The percentage of American workers with virtually no retirement savings grew for the third straight year, according to a survey released Tuesday. Read More Here

(TaxProf) – CBPP: 33 States Have Raised Taxes by $32 Billion/Year – Read More Here

(BaltimoreSun) – Counties face more cutting as state income tax payments fall – Read More Here

(BusinessInsider) – Flashback – Video: Simon Johnson Decries Influence Of Wall Street Oligarchs, US A Banana Republic – Read More Here

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Real, Uglier American Unemployment

20th February 2010

(GlobalResearch) – Can you trust national averages? As bad as the jobless data you hear are, you have not been told the whole truth. If you think the terrible impact of America ’s Great Recession is shown by an official unemployment rate of about 10 percent, think again. Read the rest of this entry »

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Crisis in California – Everything Touched by Capital Turns Toxic

11th February 2010

California dreaming turns to California nightmare as decades of agribusiness, real estate development and exploitation of migrant workers take their toxic toll. Gifford Hartman takes us on a guided tour of the Golden State’s darkside
I should be very much pleased if you could find me something good (meaty) on economic conditions in California [...]. California is very important for me because nowhere else has the upheaval most shamelessly caused by capitalist centralization taken place with such speed. – Letter from Karl Marx to Friedrich Sorge, 1880
Read More Here

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Video: Gerald Celente On The Coming War And Financial Collapse

6th February 2010

(RussiaToday) – February 5, 2010 – Read the rest of this entry »

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MSM: Jobless Claims Rise Unexpectedly to 480,000

4th February 2010

(Fox) – The number of newly laid-off workers filing initial claims for jobless benefits rose unexpectedly last week, evidence that layoffs are continuing and jobs remain scarce. Read the rest of this entry »

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MSM: Almost half of young black people are jobless, says study

20th January 2010

(Guardian) – Big rise in unemployment in 16-24 age group since recession began Read the rest of this entry »

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MSM: December Retail Sales Drop .3 Percent, 2009 Sales See Biggest Drop In 27 Years

14th January 2010

(Reuters) – U.S. consumers curbed their Christmas spending in December and more people filed claims for jobless benefits last week, casting fresh doubts on whether the economic recovery can last once government support fades. Read the rest of this entry »

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The Economy

14th January 2010

(CNN) – Unemployment claims jump higher

The number of Americans filing for initial unemployment insurance rose more than expected last week, the government said Thursday. Read More Here

(RawStory) – US new jobless rise for second week

New claims for jobless insurance benefits in the United States rose for the second consecutive week amid persistent labor market concerns even as the economy recovers from recession. Read More Here

US Foreclosures Up 21% in 2009

The number of U.S. residential properties receiving at least one foreclosure filing jumped 21% in 2009 to a record 2.82 million, rrports RealtyTrac. Read More Here

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MSM: America slides deeper into depression as Wall Street revels

11th January 2010

(LondonTel) – December was the worst month for US unemployment since the Great Recession began.
The labour force contracted by 661,000. This did not show up in the headline jobless rate because so many Americans dropped out of the system. The broad U6 category of unemployment rose to 17.3pc. That is the one that matters. Read the rest of this entry »

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MSM: Unemployment sets a grim record in 2009

2nd January 2010

(MSNBC) – A record 20 million-plus Americans collected unemployment benefits at some point in 2009, a year that ended with the jobless rate at 10 percent.

As the pace of layoffs slows, the number of new applicants visiting unemployment offices has been on the decline in recent months. But limited hiring means the ranks of the long-term unemployed continues to grow, with more than 5.8 million people out of work for more than six months.

The number of new claims for jobless benefits dropped last week to 432,000, the Labor Department said Thursday, down sharply from its late March peak of 674,000. The decline signals that the economy could begin adding a small number of jobs in January, several economists said. Read More Here

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MSM: Poll reveals depth and trauma of joblessness

16th December 2009

(MSNBC) – More than half of the nation’s unemployed workers have borrowed money from friends or relatives since losing their jobs. An equal number have cut back on doctor visits or medical treatments because they are out of work. Read the rest of this entry »

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Emergency Jobless Insurance Claims Surge By Most Ever In Prior Week

12th December 2009

(ZeroHedge) – The number you won’t hear mentioned anywhere in the Mainstream Media: 327,729. That is how many people shifted to Emergency Unemployment Compensation programs in the last week alone, hitting an all time record high of 4.2 million! So as everyone is focused on the benign picture of initial claims in the last week which was “only” 474,000, the number of people rolling off continuing benefits has exploded and is now a stunning 592,579 only in the last two week. Read the rest of this entry »

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Mythical Green Shoots and the Big Government Lie on Unemployment

4th December 2009

(KurtNimmo) – Obama and the government are afraid Americans will soon be up in arms over the “jobless recovery” and the decline in their standard of living. In order to blindside them to the reality of an engineered impoverishment of society – a precondition to world government — they routinely cook the figures on unemployment and then feed this to the corporate media. Read the rest of this entry »

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MSM: The ‘Real’ Jobless Rate: 17.5% Of Workers Are Unemployed

24th November 2009

(CNBC) – As experts debate the potential speed of the US recovery, one figure looms large but is often overlooked: nearly 1 in 5 Americans is either out of work or under-employed. Read the rest of this entry »

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The Recipe for Disaster

23rd November 2009

Unemployment in the United States is now officially at 10.2%. Add in those individuals that no longer receive unemployment benefits, are no longer looking for a job, or for some other reason are not included in the above number and you are at 20% unemployment. Not a pretty figure. Read the rest of this entry »

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Spiralling Military Spending Creates Mass Unemployment – Washington's Blog

12th November 2009

I have written extensively on the fact that this is not a normal cyclical recession, and we’re not in the type of “jobless recovery” which we’ve had a couple of times in the last 50 years. Unemployment will continue rising in America for some time, which will make a real, sustainable recovery very difficult. Read the rest of this entry »

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Spiralling Military Spending Creates Mass Unemployment – Washington’s Blog

12th November 2009

I have written extensively on the fact that this is not a normal cyclical recession, and we’re not in the type of “jobless recovery” which we’ve had a couple of times in the last 50 years. Unemployment will continue rising in America for some time, which will make a real, sustainable recovery very difficult. Read the rest of this entry »

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MSM: Widespread Job Losses

22nd October 2009

(WSJ) – Labor-market stress continued to be widespread in September as all but seven states reported job losses last month. Read the rest of this entry »

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Scary Isn’t a Kid in a Halloween Costume

21st October 2009

One of the joys of Halloween is to dress in scary costumes and pretend to frighten others, who pretend to be frightened. But with less than two weeks until an evening of trick-or-treating, it’s possible there won’t be anything scarier than what’s already happened in the country. Read the rest of this entry »

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Scary Isn't a Kid in a Halloween Costume

21st October 2009

One of the joys of Halloween is to dress in scary costumes and pretend to frighten others, who pretend to be frightened. But with less than two weeks until an evening of trick-or-treating, it’s possible there won’t be anything scarier than what’s already happened in the country. Read the rest of this entry »

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History Unfolding

17th October 2009

I am a student of history. Professionally, I have written 15 books on history that have been published in six languages, and I have studied history all my life. I have come to think there is something monumentally large afoot, and I do not believe it is simply a banking crisis, or a mortgage crisis, or a credit crisis. Yes these exist, but they are merely single facets on a very large gemstone that is only now coming into a sharper focus. Read the rest of this entry »

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Video: Great Depression Tent Cities in the US

16th October 2009

(NBC) – October 12, 2009 Read the rest of this entry »

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The Next Stage Of Deleveraging Means Return Of The Great Depression

12th October 2009

(BusinessInsider) – At the FT, economist Thomas Palley goes metaphor crazy arguing that we’re heading for a double dip, and that the possibility of a Second Great Depression should not be written off. Read the rest of this entry »

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US Economy: More Unemployment. Slowdown in the Pace of Job Losses

11th October 2009

(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 »

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Video: Portfolio Manager Says Dow Will Fall To 6,300 By Year End

6th October 2009

(CNBC) – With the prospect of higher unemployment hanging over the markets, some experts expect a correction. So are they right? Michael Cuggino, president and portfolio manager at Permanent Portfolio Funds, and John Lekas, CEO and portfolio manager at Leader Capital, shared their insights. Read the rest of this entry »

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US: Over a quarter million jobs lost in September

3rd October 2009

The US unemployment rate reached 9.8 percent and the economy lost 263,000 jobs in September, according to figures released Friday by the Labor Department. The latest figures undermine claims of an imminent economic recovery and point to the likelihood that the US economy will remain mired in recession for the foreseeable future. Read the rest of this entry »

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The Recovery That Isn’t – Peter Schiff

3rd October 2009

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 »

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The Recovery That Isn't – Peter Schiff

3rd October 2009

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 »

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Posted in Dictatorship, Economic Crisis, Education/Mind Control, Fascism, NWO, Politics/Corrupt | No Comments »

MSM: U.S. Debt Crisis May Cause ‘Fall of Rome’ Scenario, Duncan Says

1st October 2009

(Bloomberg) – U.S. budget deficits will continue to pile up in the next decade, eventually reaching an unsustainable level that may result in an economic collapse, according to Richard Duncan, author of “The Dollar Crisis.” Read the rest of this entry »

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Posted in Dictatorship, Economic Crisis, Education/Mind Control, Fascism, NWO, Politics/Corrupt | No Comments »

US Census Bureau report: 40 million living in poverty

30th September 2009

The overall poverty rate in the US rose to 13.2 percent in 2008, as workers across all sectors of the economy became jobless and increasing numbers of families were forced into destitution, according to a new government report. Real median household income also declined by 3.6 percent. Read the rest of this entry »

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US schools: 1 million homeless students, 40-50 class size, 100,000 laid-off teachers. Had enough?

23rd September 2009

Unemployment in the US is at Great Depression levels. When discouraged and part-time workers are included, the real unemployment rate (how it used to be counted in official statistics) is over 20%. This has predictable outcomes for our children: one million homeless students, class sizes of 40-50 while 100,000 laid-off teachers sit at home, and our children’s growing disgust with American so-called ingenuity and leadership. Read the rest of this entry »

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The Economy Is A Lie, Too – Paul Craig Roberts

21st September 2009

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 »

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Who Will Harness the Rage?

21st September 2009

(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 »

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Posted in Dictatorship, Economic Crisis, Education/Mind Control, Fascism, NWO, Politics/Corrupt | 1 Comment »

Labor Day 2009 – Little to Celebrate, Much to Mourn

7th September 2009

August 2009 marks the 19th straight month we have lost jobs as a nation ~ that’s 6.9 million jobs gone ! The Obama top down multi-billion dollar bailout and bank rescue has artificially inflated stocks and credit markets but has left Main Street destitute, jobless and unprotected: Read the rest of this entry »

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Posted in Dictatorship, Economic Crisis, Education/Mind Control, Fascism, NWO, Politics/Corrupt | No Comments »

MSM: US jobless soars as companies squeeze workers

2nd September 2009

(TimesOnline) – Private employers cut 298,000 American jobs last month, far above economists’ expectations, and squeezed more work out of staff over fewer hours. Read the rest of this entry »

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Video: Webster Tarpley – Say Hello to Jingle Mail

1st September 2009

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 »

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Posted in Dictatorship, Economic Crisis, Education/Mind Control, Fascism, Film/Video, NWO, Politics/Corrupt | 3 Comments »

The Spend-And-Borrow Economy – Nouriel Roubini

28th August 2009

In the last few months the world economy has been saved from a near-depression. That feat has been achieved by a range of extraordinary government stimulus measures: In the U.S. and in China, and to a lesser extent in Europe, Japan and other countries, governments have pumped liquidity, slashed policy rates, cut taxes, primed demand and ring-fenced and back-stopped the financial system. All of this has worked, but at a cost. Governments have been spending and borrowing like never before. The question now is: how do they stop? Read the rest of this entry »

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Posted in China, Dictatorship, Economic Crisis, Education/Mind Control, Europe, Fascism, NWO, Politics/Corrupt | No Comments »

MSM: Real US unemployment rate at 16 pct – Fed official

27th August 2009

The real US unemployment rate is 16 percent if persons who have dropped out of the labor pool and those working less than they would like are counted, a Federal Reserve official said Wednesday. Read the rest of this entry »

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Searching for the Depression and Finding It

21st August 2009

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

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MSM: Jobless spike compounds foreclosure crisis

18th August 2009

(MSNBC) – Economists estimate 1.8 million borrowers will lose their homes this year Read the rest of this entry »

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Posted in Dictatorship, Economic Crisis, Education/Mind Control, Fascism, NWO, Politics/Corrupt | 1 Comment »