(EconomicCollapse) – Dumpster Diving?

Have you ever thought about getting your food out of a trash can? Don’t laugh. Dumpster diving has become a hot new trend in America. In fact, dumpster divers even have a trendy new name. They call themselves “freegans”, and as the economy crumbles their numbers are multiplying. Read More Here

(CNBC) – US Economy Goes From Bad to Worse: Economist – Read More Here

(CTV) – U.S. Census Highlights Financial Toll Recession Has Claimed – Read More Here

(JoeMiller) – Maxine Waters is Right: Obama’s Jobs Plan Stinks – Read More Here

(ReadyNutrition) – The 13 Signs of a Societal Collapse – Read More Here

(Guardian) – Unemployment Rises Above 2.5m Milestone – Read More Here

(InternationalForecaster) – New Risks For A Market Already Under Great Stress – Bob Chapman – Read More Here

(ZeroHedge) – A Declassified Jon Huntsman On China’s Terror Of A Gold-Pegged Dollar – Read More Here

(Reuters) – UBS Trader in $2 Billion Loss on Unauthorized Trade – Read More Here

(PrudentInvestor) – First Anti-Euro Protest in Front of the ECB – Read More Here

(Reuters) – Gold tumbles as EU leaders reassure on Greece – Read More Here

(BusinessInsider) – World Central Banks Announce Big Coordinated Liquidity Push – Read More Here

(AlJazeera) – China buys gold, challenges US dollar

WikiLeaks cables allege that China is buying gold to weaken the US dollar’s supremacy as the world’s reserve currency. Read More Here

(SteveWatson) – Soros: Embrace Mass Centralization Of Power In Europe Or Face Another Great Depression

Elite old guard accelerate bold push for radical integration Read More Here

(KurtNimmo) – Larry Summers Pushes Public-Private Infrastructure Bank Scheme – Read More Here

(Reuters) – Moody’s cuts French banks as euro crisis deepens – Read More Here

(AFP) – Eurozone debt crisis could rip E.U. apart: officials – Read More Here

(ActivistPost) – Gold jumps again, could it lead to a unified European bond or a BRICS takeover? – Read More Here

(Bloomberg) – Obama Approval Plummets Among Americans Skeptical of Jobs Plan – Read More Here

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Climategate

(CNSNews) – Nobel Laureate Resigns From Society Because Of Its Global Warming Fear-Mongering – Read More Here

(PajamasMedia) – Gore’s 24 Hours of Fantasy About To Begin

Unfortunately for Al Gore, but fortunately for the rest of us, much of what we will hear in his 24 Hours of Reality extravaganza starting Wednesday evening is pure fantasy. Read More Here

(PaulWatsonAlexJones) – Al Gore: 24 Hours Of Bullshit

Gore himself is a living example of how global warming alarmism is built on hypocrisy and pseudo-science Read More Here

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(EconomicCollapse) – Poverty In America: A Special Report

America is getting poorer.  The U.S. government has just released a bunch of new statistics about poverty in America, and once again this year the news is not good.  According to a special report from the U.S. Census Bureau, 46.2 million Americans are now living in poverty. Read the rest of this entry »

(RollingStone) – Wives Of Morgan Stanley Receives 200 Million Dollars From Federal Reserve! – Read More Here

(ZeroHedge) – Matt Taibbi Asks Why The Fed Gave $220 Million In Bailout Money To The Wives Of Two Morgan Stanley “Bigwigs” – Read More Here

(ZeroHedge) – Is The Budget Deal On The Verge Of Collapsing? – Tyler Durden – Read More Here

(CommentaryMagazine) – The Budget Deal May Collapse – Read More Here

(BusinessInsider) – The Fed May Pull The Rug Out From The Market Sooner Than Anyone Realizes – Read More Here

(BusinessWeek) – Japan Sees Greater Hit to Economy as Nuclear Crisis Deepens – Read More Here

(GoldShark) – Equity Valuations Forming Second Biggest Bubble in US History – Read More Here

(Finance) – American Ghost Towns of the 21st Century – Read More Here

(AcrossTheStreetNet) – Guess Who’s Buying Silver NOW? – Read More Here

(OilPrice) – California Seizing Property from Safety Deposit Boxes
Detailed Commentary on the Current Price of Oil – Read More Here

(OilPrice) – The Vicious Circle of Oil Price Induced Recessions – Read More Here

(JSMineSet) – Jim Sinclair:Stay Focused

Thinking back to the following post from April 5th: Expect the Round Number Effect at $1500 for gold, but less severe than the battle at $1400. Angel $1650 is quickly coming into focus. – Read More Here

(RussiaToday) – Bernanke: Middle Class Murderer

Max Keiser and co-host, Stacy Herbert, report on the murderer of the middle class and how the wealth effect equals the poverty effect. Video Link Here

REPOST – (EconomicCollapse) – Money Problems That Never Seem To End: 25 Reasons To Be Absolutely Disgusted With The U.S. Economy – Read More Here

(AFP) – White House warns of debt ‘Armageddon’ – Read More Here

(TheHill) – Inflation, fueled by gas and food prices, adds to worry – Read More Here

Video

(RussiaToday) – Stiglitz, Soros, Summers try to remake global economy

The original Bretton Woods conference of world leaders created the global economic framework still in place today.The one that took place over the weekend put on by the Institute for New Economic Thinking — a think tank bankrolled by billionaire investor George Soros – brought together some of the economic elite to take it apart and talk about how to make a new one. So where is the global economy, and specifically the United States headed now? Read the rest of this entry »

(NJ) – Editor’s note: If Elena Kagan sits on the Supreme Court it will be business as usual for Wall Street and the New World Order.

This apparent Obama nominee is unusual. She’s never been a prosecutor or attorney general, or defense attorney or Legal Aid litigator or sitting judge. In fact, she’s never been a lawyer in a trial…. never. Until her appointment as Solicitor General last year, she hadn’t argued before a court; so her very first, maiden argument, was before the United States Supreme Court last year! Read the rest of this entry »

(WashingtonsBlog) – Partisan GOP hacks say the financial crisis was caused by too much regulation, and government interference in the markets.

But Glass-Steagall was repealed, derivatives were left unregulated, and the regulators were watching porn instead of preventing fraud. Giant banks, hedge funds and other fat cat private players knowingly gamed the market and committed fraud in more ways than can be listed in a single post. Read the rest of this entry »

(WashingtonsBlog) – There is an established legal principle that people should not have to repay their government’s debt to the extent that it is incurred to launch aggressive wars or to oppress the people. Read the rest of this entry »

(BusinessWeek) – President Barack Obama said he is “agnostic” about raising taxes on households making less than $250,000 as part of a broad effort to rein in the budget deficit. Read the rest of this entry »

Although Barack Obama has refrained, at least for now, from delivering triumphant speeches in a naval flight suit, there is nevertheless a strong tone of accomplishment emanating from the President and his deputies. Over the weekend, top White House economic adviser Lawrence Summers even pronounced that the recession is now over. Without hedging his bets, Summers declared that thanks to the Obama Administration’s wise stewardship, economic stimuli, and emergency bailouts, another Great Depression, set up by the prior Administration, had been narrowly averted. Summers saw no impediments to the return of sustainable growth. He may as well have delivered these remarks from the deck of an aircraft carrier. Read the rest of this entry »

Timothy Geithner, Treasury Secretary, always takes calls from his bankster bosses on Wall Street, according to an Associated Press report. 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 »

Many people assume that Obama doesn’t understand that his economic team – Summers, Geithner, Bernanke, Gensler and the boys – are preserving the status quo, and failing to make the fundamental reforms needed to stabilize the economy. Read the rest of this entry »

Bilderberg has had front-men call anew for creating a global currency and establishing major European Union-style regions for the administrative convenience of a planned world government. Read the rest of this entry »

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 »

Obama delivered one of his famous teleprompter speeches today at Federal Hall in New York on the one-year anniversary of the Lehman Brothers scam. It was a cynical move, considering Obama spoke from the building where the country’s founders once argued over how much the government should control the national economy. Read the rest of this entry »

The second wave of the world economic depression is coming soon. Larry Summers, the economics czar of the Wall Street puppet regime currently in power in Washington, recently confessed to the Financial Times in an unguarded moment: “I don’t think the worst is over ..” A few weeks earlier, Jacques Attali, who served in the 1980s as the main economics adviser to French President Mitterrand, told an audience at the International Economic and Financial Forum (FIEF) in Paris that the world might well soon face a planetary Weimar “in the form of a hyperinflationary depression similar to the German events of 1922 – 1923. Read the rest of this entry »

Since the time The United States of America was established its independence almost 235 years ago, the way that citizens view their government has changed significantly. Initially the government was intended to serve the people; whereas, in modern times, a large majority of Americans accept the role of government as a force that we have no control over accept once every 4 years when we elect a president. Otherwise, most Americans pass through their everyday lives watching the news and the decisions of their elected officials without making any sort of attempt to influence the actions of their elected officials — who were put in place in order to serve us, the people. Read the rest of this entry »

Tent cities springing up all over America are filling with the homeless unemployed from the worst economy since the 1930s. While Americans live in tents, the Obama government has embarked on a $1 billion crash program to build a mega-embassy in Islamabad, Pakistan, to rival the one the Bush government build in Baghdad, Iraq. Read the rest of this entry »

(WebsterTarpley) – The second wave of the world economic depression is coming soon. Larry Summers, the economics czar of the Wall Street puppet regime currently in power in Washington, recently confessed to the Financial Times in an unguarded moment: “I don’t think the worst is over ….” A few weeks earlier, Jacques Attali, who served in the 1980s as the main economics adviser to French President Mitterrand, told an audience at the International Economic and Financial Forum (FIEF) in Paris that the world might well soon face a “planetary Weimar” in the form of a hyperinflationary depression similar to the German events of 1922 to 1923. Read the rest of this entry »

Bernanke, Summers and Geithner say that we can’t let the giant banks fail, because – without them – the economy will be starved of credit and we will be plunged into a depression.

This isn’t true. Read the rest of this entry »

Scott Patterson writes in the Wall Street Journal that we won’t get inflation until unemployment is down below 5%:

A rule of thumb is that inflation doesn’t become sticky until the unemployment rate dips below 5%… Read the rest of this entry »

Intelligent idiots, smart fools, multi-degreed morons – lots of monikers could describe a category of individuals dismayingly prominent in the ruling elites of the West. They are the people so divorced from reality, so engrossed in bookish pursuits that – for all their undoubted intellectual accomplishments and often as a direct consequence thereof – they invariably end up with egg on their faces whenever they try to engage in practical activities. Read the rest of this entry »

(Bloomberg) – I’ve finally figured out the Obama economic strategy. President Barack Obama and his team have been having so much fun wielding dictatorial power while rescuing “failed” firms, that they have developed a scheme to gain the same power over every business. The plan is to enact policies that are so anticompetitive that every firm needs a bailout. Read the rest of this entry »

As HR 1207 gains momentum and co-sponsors in the House of Representatives, the Federal Reserve is planning to fight the tide calling for an audit of its books by hiring a veteran lobbyist to “manage its relations with Congress,” according to Reuters. Read the rest of this entry »

A Review of Daniel Estulin’s book

For over 14 years, Daniel Estulin has investigated and researched the Bilderberg Group’s far-reaching influence on business and finance, global politics, war and peace, and control of the world’s resources and its money. Read the rest of this entry »

In his latest column for the New Statesman, John Pilger describes the power of advertising – from the effects of smoking to politics – as he reaches behind the facade of of the first 100 days President Barack Obama. Read the rest of this entry »

Since taking office, Obama, wittingly or otherwise, has headed the largest criminal enterprise in history – the mass looting of national wealth to enrich his Wall Street benefactors. He assembled a rogue economic team of Clinton/Robert Rubin retreads – to fix the current crisis they engineered. Read the rest of this entry »

All is not well in Obamafanland. It’s not clear exactly what accounts for the change of mood. Maybe it was the rancid smell emanating from Treasury’s latest bank bailout. Or the news that the president’s chief economic adviser, Larry Summers, earned millions from the very Wall Street banks and hedge funds he is protecting from reregulation now. Or perhaps it began earlier, with Obama’s silence during Israel’s Gaza attack. Read the rest of this entry »

I have long been a cynic of the bailouts, and, unfortunately, I cannot detect even the slightest sliver of daylight between the prior and current administrations. The reason, I fear, is captured by this quote from Simon Johnson, the former Chief Economist at the IMF and current professor at MIT’s Sloan School of Management:

The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government

Read the rest of this entry »

A series of articles published over the weekend, based on financial disclosure reports released by the Obama administration last Friday concerning top White House officials, documents the extent to which the administration, in both its personnel and policies, is a political instrument of Wall Street. Read the rest of this entry »

Wall Street is in the midst of a huge rally, primarily sparked by two recent occurrences.

The first was the “surprising” announcement that Citigroup, JP Morgan Chase and Bank of America — major “zombie” banks laden with “toxic assets,” on the verge of collapse, and the recipients of billions in government (US taxpayer) bailout money — mysteriously posted profits this year. Wells Fargo, regarded as one of the healthier big banks, and a recipient of $25 billion, also reported a profit last week, rallying the stock markets again before the Easter holiday. Read the rest of this entry »

Lawrence Summers, a top economic adviser to President Barack Obama, pulled in more than $2.7 million in speaking fees paid by firms at the heart of the financial crisis, including Citigroup, Goldman Sachs, JPMorgan, Merrill Lynch, Bank of America Corp. and the now-defunct Lehman Brothers. Read the rest of this entry »

Corrupt new administration deepens and expands systemic criminalization and war agenda Read the rest of this entry »

The highest levels of the Obama administration are infested with members of a shadowy, elitist cabal intent on installing a one-world government that subverts the will of the American people. Read the rest of this entry »

In an interview with the Financial Times, former Clintonite, CFR member, and Bilderberger Larry Summers said more “public money” needs to be pumped into the economy in order to lift the world out of recession. The Obama administration has no choice but to take strong public action to “save the market system from its own excesses,” said Summers. Read the rest of this entry »