(AJC) – In the latest round of government “stimulus” the Fed has announced that it will be buying $40 billion in mortgage-backed securities each month for an indefinite period of time. Read the rest of this entry »

(SchiffReport) – September 9th, 2011 – Read the rest of this entry »

(Infowars) – Almost two years ago the US Treasury was selling large amounts of short-term Treasury bills to fund bailouts and stimulus. That caused a major increase in debt. Most of that paper was 2-year bills and it is coming due for rollover shortly. While that transpires, October will report the annual fiscal deficit of 9/30/10 of about $1.5 trillion, a figure thought impossible just 1-1/2 to 2 years ago. Read the rest of this entry »

(InflationUS) – Read the rest of this entry »

(SchiffReport) – August 7, 2010 – Read the rest of this entry »

(TheLibertyVoice) – They have passed the health bill, they have passed the financial regulations bill and they have snuck stuff into the stimulus package bills. They are going to track your money and your body. Here’s the first few things they are doing. This is step one. It will only get worse from here.

According numismaster.com:

…the Health Care Bill mandates, according to Numismaster.com, Starting on January 1st in 2012, S federal law will require coin and bullion dealers to report to the Internal Revenue Service all gold and silver coin purchases and sales greater than $600.
No that is not an error, they tacked the gold coin tracking regulations into the health bill. They are just tacking stuff on wherever they can.

As for your body, you will be required to have an “electronic health record”, by 2014. They snuck this into one of the “stimulus” bills. The electronic record will include an obesity rating. The information will be required to be on a “national exchange” with only secure access (Hah!). Why the F does your obesity rating have to be on a national exchange? This is a tip off to how micro-managed they are going to attempt to run your life.

Keep in mind that the health bill and financial “reform” bill are thousands of pages, with much of the details left up to the new agencies to fill in. Obama is appointing major league interventionists to head these agencies. They are completely clueless as to how an economy works. Their regs will be over the top. It will stifle America in so many ways, it is difficult to imagine. I was in East Berlin the year before the Wall came down. I saw what constant monitoring and micro-management did to people. It is not pretty. The gray, the drab, the despair was everywhere. When you can only take orders and wait for approvals and are constantly watched, it saps the life out of you. America is going to be changing and the government is going to try and watch you and monitor your vitals, as if you were a lab rat, as it does the changing.

It is not going to be pretty. – Source: The Liberty Voice

(Thanks to John Perez for the gold coin info.)

http://www.economicpolicyjournal.com/2010/07/serious-tracking-of-americans-begins.html

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(LondonTelegraph) – Federal Reserve cautions on US economic growth – Read More Here

(PeoplesWorld) – Texas poor say “No more!” – Read More Here

(InfoClearingHouse) – Consumer Spending is Flat, Unemployment is Rising: The Case for a Second Round of Economic Stimulus – Mike Whitney – Read More Here

REPOST - (CNBC) – Soros Says Germany Could Cause Euro Collapse

German’s budget savings policy risks destroying the European project and a collapse of the euro cannot be ruled out, billionaire investor George Soros said in a newspaper interview released on Wednesday. Read More Here

(BusinessInsider) – Deutsche Bank: U.S. Financial Conditions Just Collapsed Back To Crisis Levels

Financial conditions appear to have worsened substantially in recent quarters based on our update of the broad index of US financial variables presented earlier this year at the US Monetary Policy Forum. In the wake of recent developments in Europe, increased stress in financial markets has pushed that index halfway back to its immediate post- Lehman crisis lows. Read More Here

(BeforeItsNews) – Russia buys 16 percent of global gold production

According to the Russian Central Bank, Russian gold reserves just hiked 1.1 million ounces in May. Given global mining production is just 6.8 million ounces a month, this represents 16.1% of monthly global mining production.

This is the largest one month purchase of gold by the Russian Central Bank, which has been buying gold at a rate of 250,000 ounces a month for the past three years, and comes just as Putin is pushing for a single world currency and last week revealed the currency’s first proof coin. Read More Here

(WSJ) – Small Banks and Big Risks – Read More Here

(AlterNet) – The Bank Lobby Gets Desperate on Derivatives – Read More Here

(WSJ) – States Face New Pinch as Stimulus Ebbs

Tax Receipts Aren’t Rebounding Quickly Enough to Offset Declining Federal Aid; Push for Additional Medicaid Help Stalls Read More Here

(WSJ) – Video: Opinion Journal – Here Come the Tax Increases – Video Link Here

(CBS5) – Oakland To Send Out Layoff Notices To 200 Officers

Despite concerns about the city’s violent crime, the Oakland City Council on Tuesday voted to send out layoff notices to 200 police officers.

There seemed to be little choice. The city is facing years of multi million dollar deficits, and the public safety budget is a rich target representing about half the general fund. Read More Here

(EconomicPolicyJournal) – China Officially Disses the Dollar (and Treasury Debt)

The Peoples Bank of China has announced that it will no longer fix its currency in terms of the dollar. Instead it will manage the yuan against a basket of currencies. Read More Here

Climategate

(Telegraph) – Japanese told to go to bed an hour early to cut carbon emissions

Japanese households are being urged to go to bed one hour earlier than normal in order to help tackle climate change. Read More Here

(June 24) – Video: Lord Christopher Monckton: The Global Warming Take Over Grid – Alex Jones Tv

Alex also talks with British consultant, policy adviser, writer, columnist, and hereditary peer, Lord Christopher Monckton. 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 »

(AFP) – World Stocks Drop as Greek Debt Default Nears

Financial markets turned on Greece again on Thursday, driving up its borrowing costs to record levels on rising doubt that the EU will provide a debt rescue, and the euro plunged further. Read More Here

(WSWS) – Unemployment in America: No Economic Recovery for the Working Class

Last Friday’s US unemployment report, which showed a net payroll gain of 162,000 jobs in March, has been seized on by the Obama administration and much of the media as confirmation of official claims that the recession is over and a recovery in the jobs market has begun. Read More Here

(AP) – Nearly half of US households escape fed income tax – Read More Here

(Reuters) – Volcker: Taxes likely to rise eventually to tame deficit – Read More Here

(Telegraph) – Sovereign debt crisis at ‘boiling point’, warns Bank for International Settlements

The Bank for International Settlements does not mince words. Sovereign debt is already starting to cross the danger threshold in the United States, Japan, Britain, and most of Western Europe, threatening to set off a bond crisis at the heart of the global economy. Read More Here

(HuffingtonPost) – Unemployment: More Than 3 Million Americans Jobless For Longer Than A Year, An All-Time High (CHARTS)

That represents 23 percent of the roughly 14.8 million Americans out of work and looking for a job — a post-World War II high. For those 3.4 million Americans, the consequences from such a long time out of work — a cost of the Great Recession — can be calamitous. Read More Here

(AFP) – Destitute and desperate, Icelanders opt for exile Read More Here

(Bloomberg) – China on ‘Treadmill to Hell’ Amid Bubble, Chanos Says (Update1)

China’s property market is a bubble that may burst by as early as this year, according to hedge fund manager James Chanos. Read More Here

(CommodityOnline) – How much gold reserves really exist in US vaults? Read More Here

(NTDTV) – Video: Japan Airlines to Cut Third of Workforce

Japan Airlines plans to reduce its workforce by a third within the fiscal year to lower labor costs by over $860 million a year. View Video Here

(C4L) – Stimulus or Stealing From Us?

The American Recovery and Reinvestment Act or “Stimulus Package,” is a bill that was passed by the U.S. Congress and later signed into law by President Obama on February 17, 2009. (Gandel 1) It is a bill that by most estimates will cost at least $787 billion dollars. The legislation was supposed to stimulate our struggling economy and promised to create between 3 and 4 million jobs in a one year period. Also included in this sweeping legislation is money to modernize roads, improve our public school systems, and lower health care costs. (Obey 1) Read More Here

(C4L) – Brace Yourself for Obamacare Taxes

Now that President Obama’s health-insurance overhaul has become law, we can brace ourselves for the new taxes. What new taxes? Aren’t they only on the “rich” and on large companies? Read More Here

Read the rest of this entry »

(57GoldRadio) – This is a global Catastrophy. The Calamity is happening and people that are not Neo survivalist are the ones that are going to suffer the most Read the rest of this entry »

(Youtube) – SHOCKING NEWS!! Recovery in Jeopardy! Stimulus Change propaganda losing steam – View Video Here

(Redress) – America and world economic meltdown – The mystery of the Afghanistan war

Christopher King argues that “a situation exists in which it may be in the interests of the United States to seek a ‘cold war’ situation with Russia and China as a pretext for defaulting on its external debt, attacking Iran, taking direct control of all Middle Eastern oilfields and effective control of Europe”. Read More Here

(AP) – Kansas tax collections decline by 27 percent for February

The Department of Revenue reported Friday that Kansas collected $71 million less in tax revenues than expected this month, leading one lawmaker to call for additional cuts to the current state budget. Read More Here

(Tennessean) – Property loans poised to fail

Like other apartments that have fallen into foreclosure in the Nashville area, Gateway is a reminder of a troubling and still growing problem for bankers — commercial real estate loans that have turned sour and could weigh on the economy for years. Read More Here

(Boston) – Foreclosure crisis hits affluent towns

Number of petitions to seize homes spikes in Norfolk, Middlesex counties Read More Here

(Vindy) – Foreclosure crisis deepens, despite earlier optimism

Local, state and national foreclosure statistics back up what many of us could sense about the number of homes falling to foreclosure last year: The problem got worse. Read More Here

(Bradenton) – Abandoned foreclosures a mounting crisis in Manatee (with video)

A mounting crisis created by the record number of foreclosures in Manatee County has hit Jeannette Traylor right where she lives: An abandoned foreclosed home has brought blight, crime and fear into her neighborhood. Read More Here

(MercuryNews) – Biz Break: Foreclosure wave ahead? Plus: ‘Bloom Box’ arrives

Today: Freddie Mac’s CEO expects a “potential large wave of foreclosures.” Silicon Valley startup Bloom Energy promises a new day for cheaper, cleaner power. Read More Here

(Bloomberg) – FDIC closes bank in Nevada for year’s 21st closure

The Federal Deposit Insurance Corp. is seeking bids for $610.5 million of unpaid loans it’s holding from failed U.S. lenders including IndyMac Bank, Silverton Bank and New Frontier Bank. Read More Here

(Video) – AIG needs another bailout after Exec bonuses – Peter Schiff – View Video Here

(CounterPunch) – Profiting From the Hysteria They Stoked – Make War on Goldman Sachs – Read More Here

(Video) – Fractional Banking and How it Affects the Economy! Depression? Recession? – View Video Here

(Video) – The Collapse of Crony Socialism and the War of Information – View Video Here

(Reuters) – Japan’s ballooning public debt is raising concerns in debt markets as the largely untested government of Prime Minister Yukio Hatoyama tries to balance the need for economic stimulus with a need for fiscal prudence. Read More Here

CNN and Fox Business appearances January 27, 2010 Read the rest of this entry »

Naked Emperor News “A big chunk of that work is going to be done in 2013, 2014.” – Wednesday, January 27th, 2010 – Video Link Here

(SteveWatson) – A leading scientist involved in the climategate scandal received over half a million dollars in federal economic stimulus funds from the Obama Administration last Summer, it has been revealed. Read the rest of this entry »

(ChinaPost) – A historic economic crisis has left Americans with plenty of things to worry about. But is inflation one of them? And is there a risk that fretting over higher prices may actually bring them about? Read the rest of this entry »

(LATimes) – With the economy still struggling, the lawmaker’s libertarian views are getting serious attention. Read the rest of this entry »

(Bloomberg) – Federal Reserve officials are considering a proposal to schedule limited sales of bonds from the central bank’s $2.2 trillion balance sheet as part of a range of tools for withdrawing record monetary stimulus. Read the rest of this entry »

December 7th 2009 Read the rest of this entry »

(Bloomberg) – Leo Hindery, managing director of InterMedia Partners LP, talks with Bloomberg’s Pimm Fox about the U.S. unemployment rate. Hindrey also discusses ways the U.S. could create jobs. Read the rest of this entry »

Last week the Obama administration issued a report purporting to show that the President’s $787 billion economic stimulus plan had saved or created exactly 640,329 jobs. Such a precise number for such a fuzzy concept as jobs “saved or created” immediately raised doubts about the veracity of the report in any honest American’s mind. Read the rest of this entry »

In this Bloomberg clip, commerce secretary Gary Locke says that “if there is to be another stimulus — and that’s being hotly discussed and very seriously considered within the administration as well as members of Congress – it needs to be very targeted, very specific and we need to be very mindful of the deficit as well. Read the rest of this entry »

(RussiaToday) – Director of the Trends Research Institute Gerald Celente believes the unexpected annual US GDP growth of 3.5 percent over the last three months isn’t proof of a long-term recovery. Read the rest of this entry »

(CounterThink) – While the White House is celebrating a 3.5% reported growth in GDP last quarter — the first economic growth in a year — they conveniently forget the simple fact that it’s easy to fake economic growth with debt spending. Read the rest of this entry »

Last week the Dow added 1.3%, the S&P 1.5%, the Russell 2000, 0.2% and the Nasdaq 100, 0.7%. Cyclicals rose 2.6%; transports 3.8%; consumers 1.7%; utilities 1.3%, as banks fell 0.3% and broker/dealers fell 0.6%. High tech fell 0.2% semis 1.1%; bitoechs 1.9% and Internets rose 0.2%. Gold bullion rose $3.00 and the HUI was unchanged, but up 47.5% on the year. The USDX, the dollar index fell 1.1% to 75.62. Read the rest of this entry »

The class character of the Obama administration is clearly indicated by one statistic: President Obama has made available more than $12 trillion in cash infusions, loans and guarantees to the financial industry, but for state governments that are facing massive budget deficits, Obama has thus far provided only one quarter of 1 percent of that amount in federal stimulus funds—about $30 billion. Read the rest of this entry »

(CNBC) – This global recession will turn into a “full-blown depression,” Nicu Harajchi, CEO of N1 Asset Management, said Friday, adding that global stimulus hasn’t come down to Main Street. Read the rest of this entry »

(CNBC) – This global recession will turn into a “full-blown depression,” Nicu Harajchi, CEO of N1 Asset Management, said Friday, adding that global stimulus hasn’t come down to Main Street. Read the rest of this entry »

It’s too late for anyone to pretend that the U.S. government, whether under President Barack Obama or anyone else, can divert our nation from long-term economic decline. The U.S. is increasingly in a state of political, economic, and moral paralysis, caught as it were between the “rock” of protracted recession and the “hard place” of terminal government debt. Read the rest of this entry »

(C4L) – Is the answer to an economic hangover to get more drunk? Read the rest of this entry »

Hyperinflation Nation – NIA – National Inflation Association – Inflation.US
The National Inflation Association is an organization that is dedicated to preparing Americans for hyperinflation and helping Americans not only survive, but prosper in the upcoming hyperinflationary crisis. Read the rest of this entry »

After the recent unemployment numbers were announced, smug politicians promising economic recovery stuttered a bit. This wasn’t supposed to happen.  Mainstream economists were predicting a smooth upswing in employment, but in September 263,000 more jobs were lost, 62,000 more than August.

Read the rest of this entry »

(Bloomberg) – New York University Professor Nouriel Roubini said stock markets may drop and billionaire George Soros warned the “bankrupt” U.S. banking system will hamper its economy, highlighting doubts about the sustainability of the global recovery. Read the rest of this entry »

(BobChapman) – There is only one place to be and that is in gold and silver related assets. Read the rest of this entry »

For the last few months I have been casting around looking for bullish data points as counterfactuals to my more bearish long-term outlook. I have found some, but not enough. If you recall, early this year, I stated that we are in depression, making the case for the ongoing downturn as a depression with a small ‘d.’

Read the rest of this entry »

I refuse to accept the Unconstitutional and Fascist Government put into power by the FASCIST INSURRECTION and will resist these Traitorous Usurpers who make War on us in every possible way. Read the rest of this entry »

War is Peace, Freedom is Slavery, Ignorance is Strength, and Debt is Recovery In light of the ever-present and unyieldingly persistent exclamations of ‘an end’ to the recession, a ‘solution’ to the crisis, and a ‘recovery’ of the economy; we must remember that we are being told this by the very same people and institutions which told us, in years past, that there was ‘nothing to worry about,’ that ‘the fundamentals are fine,’ and that there was ‘no danger’ of an economic crisis.

Read the rest of this entry »

(CNBC) – Squawk Box – October 1st, 2009 Read the rest of this entry »

We keep hearing that “The worst is behind us”, but the spin doesn’t square with the facts. Sure the stock market has done well, but scratch the surface and you’ll find that things are not as what they seem. Read the rest of this entry »

(TheHill) – President Barack Obama this week has been laying the foundation for Senate Democrats to use a controversial budget maneuver to pass healthcare reform. Read the rest of this entry »

Nouriel Roubini recently told The Financial Times (as summarized by Huffington Post):

The world faces a “rising risk” of a double-dip recession.

Roubini’s increasingly vocal about the risk of a recession relapse in the past few weeks… Read the rest of this entry »

(BobChapman) – In 2009, China opened up various exchanges for investment in both gold and silver to the Chinese public, which previously was not allowed to invest in gold and silver. The opening of silver exchanges to the Chinese public is the most recent development and was accompanied by a ban on silver exports. The Chinese government is actively touting both gold and silver as an investment to the Chinese public, and with good reason. Read the rest of this entry »

The Senate must move legislation to raise the federal debt limit beyond $12.1 trillion by mid-October, a move viewed as necessary despite protests about the record levels of red ink. Read the rest of this entry »