Jacque Fresco: How We Can Create a World Without Poverty or War – Summed Up In 13 Minutes

18th August 2014

(Youtube) - This is a fantastic summary of Jacque Fresco’s philosophy and perspective on how to solve the world’s problems – in 13 minutes.

“Every action and decision we take – or don’t – ripples into the future. For the first time we have the capability, the technology, and the knowledge to direct these ripples.” – Jacque Fresco

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17 Facts To Show To Anyone Who Believes That The U.S. Economy Is Just Fine

1st May 2014

economic decline

(EconomicCollapseBlog) - No, the economy is most definitely not “recovering”.  Despite what you may hear from the politicians and from the mainstream media, the truth is that the U.S. economy is in far worse shape than it was prior to the last recession.  In fact, we are still pretty much where we were at when the last recession finally ended.

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This Is The Reality Of It: “We Are Factually In A Recession. Period.”

15th March 2014

recession

(SHTFPlan) - We can cite scores of statistics and financials that prove without a shadow of a doubt that the U.S. economy is in a tail spin and won’t be recovering any time soon. Abysmal home sales, continued degradation in the national employment numbers, sky rocketing national debt, and ever rising consumer prices all point to serious problems. Read the rest of this entry »

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The Top 12 Signs That The U.S. Economy Is Heading Toward Another Recession

5th March 2014

economic collapse

(EconomicCollapseBlog) - Is the U.S. economy steamrolling toward another recession?  Will 2014 turn out to be a major “turning point” when we look back on it?  Before we get to the evidence, it is important to note that there are many economists that believe that the United States never actually got out of the last recession. For example, data compiled by John Williams of shadowstats.com show that the U.S. economy has continually been in recession since 2005. So if anyone out there would like to argue that America is experiencing a recession right now, I certainly would not have a problem with that. Read the rest of this entry »

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Grand Theft Obama: The Take Down of America

9th December 2013

(AJC) – Alex breaks down the continued, controlled implosion of the once mighty American economy. A U.S. bankruptcy judge has now given Detroit the go-ahead to cut pensions for its retired government workers, a ruling which is likely to set a precedent across the nation. A University of Chicago economist warns that there is real risk for a global recession in 2014 based on current debt in the U.S. and the Eurozone. Read the rest of this entry »

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Members Of Congress Grow Wealthier Despite Recession

9th November 2013

(HuffPost) - Despite the economic recession and declining household wealth, the net wealth of members of Congress continues to rise, according to a Roll Callanalysis of financial disclosure forms.

Members of the House and Senate have a collective net worth of $2.04 billion, up from $1.65 billion in 2008. The vast majority of the increase goes to the wealthiest members of Congress, who also account for most of Congress’ net worth.

Members’ net wealth may be much higher, however, since Roll Call only used the minimum valuation of assets in the range required by disclosure forms, and disclosure forms do not include non-income-producing assets, such as a personal residence. Read More Here

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Fed Taper Will Trigger Recession – Peter Schiff

3rd November 2013

(CNBC) – Peter Schiff on CNBC’s Closing Bell – November 1st, 2013 – Unfortunately at about minute 2.40 I completely lost my voice. I actually had a lot more to say, but couldn’t get the words out of my dry mouth. I need to remember to drink a glass of water right before I do these segments. Ron Insana caught a real break. Read the rest of this entry »

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Keiser Report: Love, Trade, Recession – Episode 451

31st May 2013

(RussiaToday) – In this episode of the Keiser Report, Max Keiser and Stacy Herbert observe that spankings are trading at an all time high in London while on international markets, the enduring love for gold sees record volumes of physical metal trading hands. In the second half, Max talks to Mitch Feierstein, author of Planet Ponzi, about VIX volumes surging as old dummies are replaced with new dummies in the global central bank operated ponzi scheme. Read the rest of this entry »

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We Haven’t Had A Real Recovery Or Even A Real Recession Yet – Peter Schiff

29th April 2013

(SchiffReport) – April 26th, 2013 – Read the rest of this entry »

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Greek PM Warns Recession To Approach Great Depression Levels

25th July 2012

(RussiaToday) – Greek prime minister Antonis Samaras warns the Greece recession will deepen worse than forecast to levels not seen since the Great Depression. Read the rest of this entry »

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95 Percent Of The Jobs Lost During The Recession Were Middle Class Jobs

3rd May 2012

(EconomicCollapse) – Who is the biggest loser in the ongoing decline of the U.S. economy?  Is it the wealthy?  No, the stock market has been soaring lately and their incomes are actually going up.  Is it the poor?  Well, the poor are definitely hurting very badly, but when you don’t have much to begin with you don’t have much to lose.  Unfortunately, it is the middle class that has lost the most during this economic downturn.  Read the rest of this entry »

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Video: US economy enters double dip recession

25th August 2010

(RussiaToday) – Millions of Americans remain unemployed, US bankruptcies have reached a five year high, China slashed US bond holdings by the largest amount to date and US home sales have plummeted to the lowest level on record.

What does this mean for America? Roger Hanwehr, the managing director of ArcXeon Investments argued that the US is in the midst of a double digit recession.

“We have a jobless, growthless, synthetic recovery characterized by uncertainty of the markets and no improvement in the underlying macroeconomic weaknesses that lead to the crisis of 2008,” said Hanwehr. Read the rest of this entry »

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Obama’s Summer of Misery and Hardship Tour Hits the Road

10th July 2010

(KurtNimmo) – Let’s put Lindsay Lohan’s fear of jail aside for a moment and turn to Obama’s Summer Recovery Tour 2010. Obama’s apparatchiks “will fan out across the country over the next few days to spread the message to voters about how effective their $787 billion recovery plan has been,” The Hill reported earlier this week. “Obama and the White House take comfort the economy is moving in the right direction. They point out that the economy has added jobs in six of the last seven months and stress that when Obama took office the economy was losing 750,000 jobs a month.”

Has it really? Less than a month ago Joe Bite Me said jobs have gone away and they are never coming back. Biden said “there’s no possibility to restore 8 million jobs lost in the Great Recession” and folks should get used to it. “We inherited a godawful mess,” he said and glibly added that there was “no way to regenerate $3 trillion that was lost. Not misplaced, lost.”

It wasn’t lost and Joe knows it. It was stolen. Trillions went directly to the banksters. They defiantly refused to tell Congress and the American people where it all went. In December of 2008, as the engineered Greatest Depression was gaining steam, the Federal Reserve refused a request by Bloomberg News to disclose the recipients of more than $2 trillion of “emergency loans” billed to future generations of American debt slaves. Read the rest of this entry »

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MSM: Lives destroyed by happy pills: As our use of antidepressants DOUBLES in a decade, experts say thousands are being given dangerous drugs they don't need

30th June 2010

(DailyMail) – Increasing numbers of Britons are taking antidepressant drugs, with prescriptions doubling over the past ten years, according to a report this month. In 2000, there were 20 million prescriptions – this rose to 39 million last year.

While this rise is partly being blamed on the recession, experts are concerned that misdiagnosis is a major factor. Indeed, a study published recently in The Lancet found that the average GP will wrongly diagnose 16 out of every 100 patients they see with depression and anxiety. Read More Here

See Also:

(Rense) – Medically-Caused Deaths In America – An Exclusive Interview With Barbara Starfield

The American health system, like clockwork, causes a mind-boggling number of deaths every year.

The figures have been known for a decade. The story was covered briefly when a landmark study surfaced, and then it sank like a stone.

The truth was inconvenient for many interests. That has not changed. “Medical coverage for all” is a banner that conceals ugly facts. Read More Here

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MSM: Lives destroyed by happy pills: As our use of antidepressants DOUBLES in a decade, experts say thousands are being given dangerous drugs they don’t need

30th June 2010

(DailyMail) – Increasing numbers of Britons are taking antidepressant drugs, with prescriptions doubling over the past ten years, according to a report this month. In 2000, there were 20 million prescriptions – this rose to 39 million last year.

While this rise is partly being blamed on the recession, experts are concerned that misdiagnosis is a major factor. Indeed, a study published recently in The Lancet found that the average GP will wrongly diagnose 16 out of every 100 patients they see with depression and anxiety. Read More Here

See Also:

(Rense) – Medically-Caused Deaths In America – An Exclusive Interview With Barbara Starfield

The American health system, like clockwork, causes a mind-boggling number of deaths every year.

The figures have been known for a decade. The story was covered briefly when a landmark study surfaced, and then it sank like a stone.

The truth was inconvenient for many interests. That has not changed. “Medical coverage for all” is a banner that conceals ugly facts. Read More Here

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Posted in Dictatorship, Education/Mind Control, Fascism, Neuro/Bio/Chem Warfare, NWO, Politics/Corrupt, Science/Health, WMD | No Comments »

Video: Americans prepare for disaster

14th April 2010

(RussiaToday) – April 13, 2010 Read the rest of this entry »

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The Bright Side of Hyperinflation

9th April 2010

(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 »

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Economy

2nd April 2010

(RBC) – Canadians’ expectations for overall economic performance drop

According to the March RBC Canadian Consumer Outlook Index, most Canadians (65 per cent) are losing sleep over their finances. Read More Here

(WichitaEagle) – Report: More seniors to be homeless by 2020

A report released Monday by the National Alliance to End Homelessness projects a 33 percent increase over the next decade in elderly people who are homeless. Read More Here

(MarketSkeptics) – 2010 Food Crisis Taking Shape – Read More Here

(AP) – Verizon to take $970M charge from health care bill

The corporate tax impact of the recent health care overhaul grew Thursday as Verizon Communications Inc. announced it will record a related $970 million non-cash charge in the first quarter. Read More Here

(WakeUpAmericans) – More On Obama’s Offshore Drilling ‘Show’

Institure for Energy Research (IER) sticks to the facts of what Barack Obama’s actual proposals about off shore drilling really does: Read More Here

(SafeHaven) – You Still Believe The Fed Can Stop Deflation?

Think back to the fall of 2007. The deflationary “liquidity crunch” that over the next year-and-a-half cuts the DJIA in half, decimates commodities, real estate and world markets is only starting. Almost no one believes that the crash is coming — to a large degree, because everyone is convinced that the U.S. Federal Reserve Bank, with Ben Bernanke at the helm, will never allow deflation to happen: It can just print money! Read More Here

(SilverBearCafe) – Gold and Silver Equal Future Purchasing Power

Today it is as difficult for a person to fathom gold at $5,000 per ounce as it was for a person to fathom $1,000 per ounce back in 2002. After all, hold a Krugerrand, in your hand and try to imagine it being worth the purchasing power of $5,000 – enough to buy a good running, nice looking used car. Read More Here

(Blog) – 6 Cities That Were Caught Shortening Yellow Light Times For Profit

Short yellow light times at intersections have been shown to increase the number of traffic violations and accidents. Conversely, increasing the yellow light duration can dramatically reduce red-light violations at an intersection. Read More Here

(SmirkingChimp) – BE CAREFUL:Cops giving out more speeding tickets due to recession. – Read More Here

(AP) – Ohioans say they’re pursued for paid-off fines

Some motorists are complaining that old traffic fines they already paid to one Ohio county are coming back to haunt them. About 1,000 people have contacted officials in southeast Ohio’s Hocking County this week to say they’ve heard from a collection agency about tickets already resolved, in some cases as far back as 20 years ago. Read More Here

(GlobalResearch) – Financial Fraud and the Economic Crisis – A Cavalcade of U.S. Corruption Is Finally Being Scrutinized – Read More Here

(HuffingtonPost) – It’s A Ponzi Scheme the Gold Market

We’ve had a string of amazing revelations recently regarding the world’s precious metals market. This is important stuff for anyone (like me) who holds gold as a means to avoid currency turmoil and counterparty risk. Read More Here

(ZMagazine) – Big Government, Budget Deficits, Entitlements and the “Centrist” Ploy – Read More Here

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Geithner: Pickpocketing Trillions from the People to Give to the Oligarchy Was “Deeply Unfair”, But We … Um … Had To

1st April 2010

(WashingtonsBlog) – Tim Geithner told the Today Show that:

It’s “deeply unfair” that some financial institutions that got taxpayer-paid bailouts are emerging in better shape from the recession than millions of ordinary Americans.

Geithner also argued that President Barack Obama had no choice when confronted with a financial crisis.

“As the president has said, we had to do some very unpopular things,” Geithner said. “People looked at what had happened.””It’s not fair. It’s deeply unfair,” he said. “He (Obama) had to decide whether he was going to act to fix it or stand back … and that would have been calamitous for the American economy.”

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Geithner: Pickpocketing Trillions from the People to Give to the Oligarchy Was "Deeply Unfair", But We … Um … Had To

1st April 2010

(WashingtonsBlog) – Tim Geithner told the Today Show that:

It’s “deeply unfair” that some financial institutions that got taxpayer-paid bailouts are emerging in better shape from the recession than millions of ordinary Americans.

Geithner also argued that President Barack Obama had no choice when confronted with a financial crisis.

“As the president has said, we had to do some very unpopular things,” Geithner said. “People looked at what had happened.””It’s not fair. It’s deeply unfair,” he said. “He (Obama) had to decide whether he was going to act to fix it or stand back … and that would have been calamitous for the American economy.”

Read the rest of this entry »

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Economy

26th March 2010

(ZeroHedge) – Video: ECU Group’s Philip Manduca “We Are At A Tipping Point” And The Only Thing That May Save The Euro Is A Collapse Of The US

For once, some actually good insight from a CNBC guest. Philip Manduca, Head of Investment of the ECU Group, discusses Greece and the very severe implications of what the final outcome will look like. “Trichet said the Greeks are crooks, and they’ve been lying about the numbers. There is a deeply embedded corruption within the Eurozone. Combined with the endemic European socialism and there is just no way you are going to get spending cuts and tax raises and maintain a GDP that makes any sense of the percentage aspect of debt to GDP. So the whole show is wrong. This is an intractable situation, this is going to continue on and on. The onle hope for the Eurozone, and the Euro as a currency, is that sameone takes the spotlight soon, and that may be the United States.” Watch the rest as Philip’s perspective is spot on…Not to mention that he sees gold as the only alternative to the fiat bonfire soon to engulf the western world. – Video Link Here

(MarketWatch) – Goldman Sachs’ Hu may join China central bank

Fred Hu, an investment banker with Goldman Sachs Group Inc.  is likely to take up a senior post at China’s central bank after formally stepping down from the Wall Street firm in April, the state-run China Daily said Friday, citing people familiar with the matter. Read More Here

(SeattleTimes) – Columbia Center misses mortgage payment

The owner of the Northwest’s tallest building, the 76-story Columbia Center, missed a mortgage payment this month, providing fresh evidence of the troubles facing downtown Seattle office landlords. Read More Here

(WTNH) – Marlin Firearms closing, 265 laid off

Employees at Marlin Firearms in North Haven just got word late Thursday afternoon that they will be losing their jobs in the next 18 months. Read More Here

(MailOnline) – Economic power grab by EU: Plan to control Britain’s economy as Europe bails out Greece

European leaders have launched an audacious bid to create an ‘economic government of the EU’ – even as they were forced to go cap in hand to the International Monetary Fund for a £20 billion bailout of debt-stricken Greece. Read More Here

(SunSentinel) – Florida unemployment hit record 12.2 percent in February

Florida’s unemployment hit 12.2 percent in February, the highest rate on record, soaring past even the rates recorded in the 1973-1975 recession, the state work force agency said Friday Read More Here

(SJ-R) – State Police plan massive layoffs, HQ closures

The Illinois State Police will lay off more than 460 troopers and close five regional headquarters by this fall, acting State Police director Jonathon Monken said Tuesday. Read More Here

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Economy

14th March 2010

(USAToday) – States Freeze Tax Refunds

Residents eager to get their state tax refunds may have a long wait this year: The recession has tied up cash and caused officials in half a dozen states to consider freezing refunds, in one case for as long as five months. Read More Here

(DailyMail) – British law firm ‘conspired’ to hide $50bn debts of Wall St giant

A top British law firm helped stricken banking giant Lehman Brothers hide its debts in the run-up to the bank’s collapse, a report said yesterday. Read More Here

(IrishTime) – EU denies Greece bailout deal

The euro zone has not agreed a deal on financial support for heavily indebted Greece, but technical work is continuing and the Commission stands ready to act if need be, a spokesman said today. Read More Here

(InternationalForecaster) – The financial system in America is on the edge of default – Bob Chapman

The dramatic and costly undertow of deflation continues unabated, as government via fiscal policy and the Federal Reserve, by creating money and credit out of thin air, proceed to overpower this deflation with massive inflation. Read More Here

(BusinessInsider) – A Quick Reminder: Here’s The Real Problem

Here’s one of the only economic charts that really matters: Total U.S. debt to GDP (from John Mauldin).
This chart shows the trend from the end of the Civil War until now. Read More Here

(DoctorHousingBubble) – California Doing a Rendition of the Housing Industry on the Budget – $20 Billion Budget Deficit and Massive Amount of Distress Inventory

How Banks Raided the U.S. Treasury with the aid of the Federal Reserve and have Damaged Housing Further. Read More Here

(Bloomberg) – China May Face ‘Massive’ Bank Bailouts After Stimulus Program

China may be forced to bail out banks that made loans for local-government projects under the unprecedented stimulus program unleashed in 2008, according to Citigroup Inc. and Northwestern University’s Victor Shih. Read More Here

(AP) – Social Security to start cashing Uncle Sam’s IOUs

The retirement nest egg of an entire generation is stashed away in this small town along the Ohio River: $2.5 trillion in IOUs from the federal government, payable to the Social Security Administration.
It’s time to start cashing them in. Read More Here

(CNN) – Two bank failures raise year’s tally to 30

The closures of Statewide Bank in Louisiana and Florida’s Old Southern Bank brought the number of bank failures this year to 30, according to the Federal Deposit Insurance Corp. Read More Here

(MyBudget360) – Middle Class Americans Losing Financial Ground on Retirement – As Stock Market Rebounds more Middle Class Americans Have Less Money and Fewer Jobs. How is Health Care Spending Boosting GDP a Good Thing? – Read More Here

(SilverBearCafe) – Iceland, the Mouse that Roared

I thought I heard something the other night. It was a distant sound, a low rumbling, a roar from some far off beast that had finally pronounced its presence. It woke me for a second, but it was so distant I felt no threat and simply rolled over and went back to sleep. The next morning I learned that Iceland was taking a stand. It was refusing to pay its British and Dutch debts. Read More Here

(Infowars) – U.S. Debt Clock in Real Time

The U.S. Debt Clock website has a graphic of the U.S. debt that updates in real time. It will make your head swim. Click here to be amazed… or disgusted. Read More Here

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Economy

7th March 2010

(FinancialSense) – Recession, Depression, or Systematic Breakdown

As crooked politicians, Federal Reserve hacks, and cheerleading media pundits inform you the recession is over, you probably have a sneaking suspicion they are lying. Read More Here

(LewRockwell) – Gold Money: Power to the People

Before I explain the title of this report, I want to prove to you that Americans are losing their liberties, day by relentless day. I also want to prove to you why it is that, unless there is an economic breakdown so severe that Washington D.C. goes broke, we will not get back these surrendered liberties. My demonstration will take approximately three minutes. For skeptics, it may take five minutes. Read More Here

(SilverBearCafe) – Silver is the best investment in the world

One cannot pick tops and bottoms and short term forecasting is for fools. Nevertheless, one has to do their best to see overall bottoms and tops. We feel silver has bottomed at the $16 level and it’s time to back up the truck. Read More Here

(EconomicPolicyJournal) – Condition Red: More Hidden Greek Debt Exposure Discovered

According to a report out last week, there is huge off-balance-sheet debt guaranteed by Greece and the other PIIGS, Portugal, Italy, Ireland and Spain. In addition to similar debt guarantees issued by other governments. Read More Here

(AFP) – Icesave referendum casts cloud of uncertainty over Iceland

Iceland’s economic and political future hangs in the balance as it heads towards a referendum on how to compensate Britain and the Netherlands for money lost in the collapse of an Icelandic bank. Read More Here

(SeekingAlpha) – How Have U.S. Stocks Defied Gravity for So Long?

This Tuesday will mark the anniversary of last year’s US stock market low. Since then the market has rallied by 70 percent in a recovery only slightly less suspicious than a Madoff hedge fund. Read More Here

Video: St. Petersburg’s Self-destructing Economy Part 4

In this video I show multiple vacant prime location commercial properties located throughout the greater St. Petersburg area. – Video Link Here

Video: Walmart Wants You Dead – How Walmart Screws it’s Employees

Walmart takes out Life insurance policies on its own employees called “Dead Peasant Policies” but then refuses to pay one of it’s own employee’s health benefits when she needed it the most. – View Video Here

(NYPost) – Frank retreats on debt

Powerful lawmaker Barney Frank had to pull his foot out of his mouth yesterday.

The Massachusetts Congressman rattled investors when he said the US Treasury won’t be responsible for bailing out investors holding the more than $5 trillion of mortgage-linked securities issued by Fannie Mae and Freddie Mac — the ailing mortgage companies at the center of the junk mortgage crisis. Read More Here

(AuctionBytes) – IRS to Track Online Sellers’ Payment Transactions

Internet sellers who don’t report their sales will no longer be under the radar. Starting next year, any bank or other payment settlement company that processes credit cards, debit cards, and electronic payments such as PayPal will have to issue information returns telling the IRS what merchants receive. The new returns are Form 1099-K, Merchant Card and Third-Party Payments. Read More Here

(C4L) – The Dominos of Default

The bad news for Greece is that despite some help from abroad, and some attempts at internal reform, investors are still leery of the troubled state. The good news, if you can call it that, is that they will soon have company in the penalty box. Read More Here

(BusinessInsider) – Goldman Says Matt Taibbi, Zero Hedge, Louise Story, And Janet Tavakoli Have Become Risks To Its Business – Read More Here

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Is The Recovery Real? – Paul Craig Roberts

3rd March 2010

Happy news! The government has come up with a 5.9 percent GDP growth rate in the fourth quarter of 2009. The recession is over.
Or is it? Statistician John Williams has informed us that 69 percent of this growth, or 4.1 percentage points, is the result of inventory accumulation. That leaves a 1.8 percent growth rate, and the 1.8 percent is likely due to the underestimate of inflation and other statistical problems. Read the rest of this entry »

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The Future of the Dollar

20th February 2010

(FutureofDollar) – The World is concerned that the dollar cannot play the role of the main reserve currency any longer after the financial crisis sparked by the collapse of the U.S. mortgage market led to the worst global recession since the 1930s. The Government’s stimulus packages, financial bailouts, the need to support liquidity in Treasuries, keeping interest rates at the lowest level under the circumstances of low economic growth, high unemployment and low tax collection make it print more dollars. This leads to a high risk of substantial inflation, or hyperinflation in a long-run. Read the rest of this entry »

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Economy

11th February 2010

(MarketWatch) – How to invest for a global-debt-bomb explosion

Wake up investors. Are you prepared for the economic anarchy coming after a global-debt time bomb explodes? Are you thinking outside the box? Investing differently? Act now — tomorrow will be too late. Read More Here

(Spiegel) – German Auto Sales Crash in January

Domestic car sales hit an all-time high in Germany in 2009 thanks to the government’s cash-for-clunkers program. Now that the program is over, however, sales have plummeted. Is the worst still to come? Read More Here

(CityWatchLA) – Drastic Steps Needed to Prevent Bankruptcy

As you know, the City of Los Angeles faces a budget shortfall of nearly $208 million, and we expect it to exceed $400 million next year. This is the most serious situation we have faced in 75 years and without drastic steps, the City is threatened with bankruptcy. We cannot allow that to happen. Read More Here

(ABC) – Australia close to defaulting on debts: Joyce

Opposition finance spokesman Barnaby Joyce is courting controversy again, warning that Australia is getting to the point where it will not be able to repay its overseas debt. Read More Here

FLASHBACK – (Telegraph) – Société Générale tells clients how to prepare for potential ‘global collapse’

Société Générale has advised clients to be ready for a possible “global economic collapse” over the next two years, mapping a strategy of defensive investments to avoid wealth destruction. Read More Here

(TheBulletin) – Without water

Hundreds of Central Oregonians who can’t pay their bills have their water shut off. For people like Lynette Nicks, who’s recovering from cancer, that’s especially dangerous. Read More Here

(Bloomberg) – No Job Growth for Small Business Spurs Recovery Doubt (Update1)

Small businesses are becoming the Achilles heel of the U.S. recovery by limiting growth and job creation. Read More Here

(Time) – The Great Recession: Will Construction Workers Survive?

The middle and working-classes have been hammered by the Great Recession and no industry has taken it more on the chin than construction. Read More Here

Another (sobering) slice of the jobs data

Here’s a pretty depressing picture, courtesy of the Bureau of Labor Statistics: Read More Here

(NYTimes) – This Crisis Won’t Stop Moving

YOU know we’re in trouble when we’re told that the economic problems in Greece, Portugal and Spain, the most indebted countries in the euro zone, are likely to remain safely contained in those nations. Read More Here

(ZeroHedge) – The Run On Greece Is Here: Investors Pull Out €10 Billion From The Troubled Country; Crisis Escalation Approaches

Remember the proverbial run on the bank? Well, that was the norm (or rather the outlier) before governments decided to backstop entire financial industries residing within their territory. As a result, the post-Lehman version of “the bank run” will henceforth be referred to as “the country run” and for an example of one in practice, look no further than Greece. The Guardian reports that investors have pulled a stunning €8-10 billion since the Greek crisis commenced in earnest last November. If true, this is the beginning of the end for the troubled EMU-member country. Read More Here

(Telegraph) – Global bear rally will deflate as Japan leads world in sovereign bond crisis

Milton Keynes will be vindicated. Lord Keynes will lose some of his new-found gloss. The Krugman doctrine that we should all spend our way back to health by pushing deficits to the brink of a debt spiral – or beyond the brink – will be seen as dangerous. Read More Here

(Risk) – Citi plans crisis derivatives

Credit specialists at Citi are considering launching the first derivatives intended to pay out in the event of a financial crisis. The firm has drawn up plans for a tradable liquidity index, known as the CLX, on which products could be structured that allow buyers to hedge a spike in funding costs. Read More Here

(Katu) – That’s a wrap? Future of Hollywood Video cast in doubt

Once one of the wealthiest companies in Oregon, Wilsonville-based Hollywood Video’s final scene may be written as many customers discovered Tuesday upon finding a dozen of its stores closed. Read More Here

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Sovereign debt fears signal new stage of global crisis

7th February 2010

(WSWS) – Stock markets in Europe and Asia fell sharply Friday in the second day of a near-panic selloff fueled by fears that the debt crisis facing weaker European economies will throw the world economy into a “double-dip” recession. Read the rest of this entry »

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Sovereign Debt Fears Signal New Stage of Global Crisis

6th February 2010

Stock markets in Europe and Asia fell sharply Friday in the second day of a near-panic selloff fueled by fears that the debt crisis facing weaker European economies will throw the world economy into a “double-dip” recession. Read the rest of this entry »

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MSM: 8.4 Million Jobs Lost in Recession

5th February 2010

(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 »

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Study: Hunger in America jumps ‘unprecedented’ 46 percent

2nd February 2010

(RawStory) – If there is any indicator of the toll that the Great Recession has taken on the public, it would be the statistics beginning to emerge about hunger in the US. Read the rest of this entry »

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Video: The Great Recession Continues – Mort Zuckerman

25th January 2010

(CNBC) – January 22, 2010 Read the rest of this entry »

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MSM: The Bank Showing ‘Restraint’…With A 48% Rise in Bonuses

23rd January 2010

(Express) – GREEDY bankers are still paying themselves huge bonuses in an arrogant disregard of the anger felt by millions of people who are battling to survive the recession. 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: 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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Obamacare To Cost Middle Class Families $15,000 A Year

23rd December 2009

(PaulWatson) – Families struggling in the midst of a deep recession who earn a combined total greater than $88,200 and don’t have their health care covered by their employer will be hit with a mandatory annual fee of about $15,000 according to the Congressional Budget Office’s analysis of the final Senate Obamacare bill. Read the rest of this entry »

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