Feb
12
- GEAB has just released their next world forecast. You can get it at : New tipping-point in March 2009: ‘When the world becomes aware that this crisis is worse than the 1930s crisis’
- In essence, GEAB is saying that the next crisis climax will be in March 2009. It will cause the world to realize that we are headed for the Great Depression of the 21st century. People will stop deluding themselves into thinking that governments of the world have a handle on the problem and it will go away.
- This is pretty much what I have also been saying all along. Interestingly, in 1 of their charts, GEAB asks : Another Depression or Another World War? Let me just say that it will be both. History people! History! The 1st GD started in 1929 and in 1939 world war broke out! Some people say that the world war was started by Illuminatis to cull the “useless eaters” and to reboot the economy. No use having alot of sheeple slaves if you are dead broke and in trouble yourself. Who knows?? Right? Read the rest of this entry »
Feb
11
Most Americans are concerned about the economic future of the country. FedSmith readers are no different.
There are several differences between federal employees and any other Americans. For one, the federal government is going to be the focal point of the massive amount of government spending that is already occurring and likely to occur as a result of the stimulus package that emerges from Congress. Federal agencies will receive billions of dollars to spend on various programs.
Many Americans have limited knowledge of the government. They go to the Post Office, receive a Social Security check and receive mail from the Postal Service but have little knowledge of how the government works on a day-to-day basis. Read the rest of this entry »
Feb
10
Will you, your kids & GGGGreat grand kids ever be freed from this ever growing economic slavery to the international banksters in New York & London? After Bush & Obama…probably not!
The federal government will have to issue record levels of debt in the next two years – up to $2.5 trillion in 2009 and as much as $4 trillion in 2010.
U.S. Treasury Dept.
The record federal debt financing is required to fund the social welfare programs called for in the Obama administration’s nearly $1 trillion deficit-spending economic stimulus plan and to overcome a likely shortfall due to falling tax revenues, according to BustedBudget.com, a website dedicated to “tracking the government’s shameful overspending one painful day at a time.”
BustedBudget.com noted that factors leading to the increased federal government borrowing needs include the cost of the Troubled Assets Relief Program, amounting to approximately $700 billion, plus the nearly $1 trillion in deficit-spending that will be required to fund the proposed stimulus package.
Another contributing factor forcing the Treasury to plan for an unprecedented amount of federal borrowing this year is the unanticipated unemployment resulting from the economic downturn, with the resulting drop in employment tax revenues to the U.S. Treasury.
A total of 3.6 million jobs have been lost since the recession officially started in December 2007, according to U.S. Labor Department reports cited in the Wall Street Journal yesterday. Read the rest of this entry »
Feb
10
Secret Bossom Buddies
Pretending to sincerely care about you, your families and American jobs… just like Bush; Obama & McCain are following their globalist masters agenda. This agenda is about promoting policies that support the formation global government (a new world order). Many world political leaders are globalists mascarading as national patriots of the countries the lead and govern. To this end, Obama & McCain wish to strike all provisions in the bankster bailout bill that would insist on guarantees to place American jobs and American companies first. WOW!!! Is that really to much to ask??? After all its our money right??? Why in the world would they allow our money to be given to foreign companies and foriegn workers when Americans are bleeding in the streets? Unfortunately, most Americans are so dumb struck and wedded to the false phoney left-right/conservative-liberal political paradigm, that they are incapable of seeing that both parties are bought and paid for by the same globalist bankster interests who are using their political whores and puppets in Congress and White House to do their bidding of promoting globalist policies. Policies mind you that are in utter detrement to the American people! Stop being a sucker and wake up!!!! Democrats & RepubliCONs are not your friends and saviors! Read the rest of this entry »
Feb
10
US stocks fell sharply Tuesday in a broad-based decline as the government announced details of its latest bailout plan.
The Dow Jones Industrial Average was down more than 300 points after Treasury Secretary Tim Geither revealed details of the bank-bailout plan. Earlier, the blue-chip index was down less than 100 points. Read the rest of this entry »
Feb
10
US Treasury Secretary Timothy Geithner unveiled a stepped-up program Tuesday to stabilize the financial system including an initial fund of 500 billion dollars to absorb toxic assets.
The plan includes a public-private partnership aimed at soaking up toxic assets clogging the financial system. It also includes new efforts to boost consumer lending, limit home foreclosures and provide new capital for banks.
Geithner said the plan would “bring the full force of the United States government to bear to strengthen our financial system so that we get the economy back on track.” Read the rest of this entry »
Feb
10
As many as 1,000 U.S. banks may fail in the next three to five years, almost double the one-year tally at the height of the saving-
and-loan collapse, as losses mount on commercial real-estate loans, RBC Capital Markets analysts said.
Most of the failures will probably occur at banks with less than $2 billion in assets as their commercial customers default, said Gerard Cassidy, an analyst at RBC, in an interview today.
“There are billions of dollars of losses embedded in the system, and the system has to flush them out,” Cassidy said. “The people that are going to take the losses are the taxpayers and bank stockholders, and if regulators say there won’t be much loss to taxpayers, they will be lying.” Read the rest of this entry »
Feb
09
You, Your GGGGGreat Grand Kids Have Been Shackled With $10,000,000,000,000. Don’t You Just Love It?
The stimulus package the U.S. Congress is completing would raise the government’s commitment to solving the financial crisis to $9.7 trillion, enough to pay off more than 90 percent of the nation’s home mortgages.
The Federal Reserve, Treasury Department and Federal Deposit Insurance Corporation have lent or spent almost $3 trillion over the past two years and pledged up to $5.7 trillion more. The Senate is to vote this week on an economic-stimulus measure of at least $780 billion. It would need to be reconciled with an $819 billion plan the House approved last month.
Only the stimulus bill to be approved this week, the $700 billion Troubled Asset Relief Program passed four months ago and $168 billion in tax cuts and rebates enacted in 2008 have been voted on by lawmakers. The remaining $8 trillion is in lending programs and guarantees, almost all under the Fed and FDIC. Recipients’ names have not been disclosed.
Feb
07
In just under 12 hours Monday, the chance to become a Miami firefighter disappeared.
More than 1,000 applicants had stood in line — many of them camping out overnight — to apply for 35 firefighter jobs that offer $46,000 a year, plus benefits. The city started taking applications from those who qualified at 8 a.m.
They stopped accepting the applications at 7:50 p.m., when they hit their limit of prospective firefighters — 750, city spokeswoman Kelly Penton said.
”We’ve never had this kind of turnout,” Penton said. “This is unprecedented.”
Feb
06
As their jobs disappear, people around the world have taken to the streets in protest. Chaos, rioting and outright revolts are looming worldwide!
In the coming years the world will become engulfed in chaos and turmoil the likes of which has never been seen. The ultimate solution that world leaders and the prostitute media will trumpet will be a new 1 world financial system and a 1 world currency and/or new regional currencies. It is for this purpose and agenda that the current economic crisis has been engineered. This false solution (a new world order international financial system) is part of a plan to deliver total control of all world money and world economies into the hands of the very few conniving diabolical elites who produced the 1929 crash as well as the current economic terror we are facing.
Feb
06
Since September 2008 more than 8.5 TRILLION dollars has been given away to the Wall Street Banksters and various corporate looters to present the illusion to the american people that everything and anything is being done to save a rescue the USA economy. In fact, what has occured is a mere looting of the US Treasury be Wall Street and International Bankers that is really designed to bankrupt the American people and bring about the full and total collapse of the USA. Why??? All for the purpose of creating extraordinary panic, fear and suffering to bring about a NEW WORLD-1 WORLD INTERNATIONAL BANKING SYSTEM!
Add in Obamas 800 TRILLION dollar so called “stimulus” bill and the total theft and ponzy scheme is now totalling over $10 TRILLION DOLLARS deceptively stolen from the American people.
Feb
06
Real Unemployment Figures Double Those Reported By Labor Department
The fake phoney 7.6% now being quoted by the government is actually over 14% – 15% – just 9% shy of figure at height of great depression!!! Are you shocked to hear that your government and news media (conservative & liberal) actually lies to you and does so on a regular basis??? If you answered yes, you should pull your head out of the sand and take a big wiff of reality! ~~~
The national media frenzy about the U.S. unemployment rate shooting up to 7.6% doesn’t even do justice to the actual unemployment figure, which in reality stands at around 15 per cent, just 9 per cent shy of the unemployment total at the very height of the great depression.
Current methods of tallying unemployment figures do not even take into account workers who have stopped looking for work. If a worker becomes discouraged after being unable to find a job and stops looking, they disappear from the official record.
Actual unemployment figures are therefore 5 to 10 per cent higher than publicly stated by the Labor Department, meaning the real unemployment figures stands at roughly 15 per cent.
During the great depression, where unemployment figures were more accurately inclusive of the true unemployment rate, the figure for the years 1923-29 was 3.3 percent before accelerating to to 15.9 per cent in 1931 and peaking at 24.9 percent in 1933. Read the rest of this entry »
Feb
06
Rather than be candid, direct & brutally honest and announce that the United States is quickly sinking into SUPER DEPRESSION…the media, Obama, Wall Street and the government is slowly and incrementally announcing, more and more everyday, that America is financially collapsing! More and more you hear the talking heads on tv and in the government informing the sheeple that things are getting worse and worse. Knowing full well that releasing too much of the truth to quickly too soon, would result is mass panic and bank runs; the government and the corporate owned and controlled conservative and liberal media tell you only what they want you to know, when they want you to know it!
Most of what is passed of as news via the mainstream conservative and liberal media is heavily filtered, censored and filled with half truths, deceptions, misinformation, disinformation and outright government and corporate propaganda. All of which is masterfully designed and presented to program, shape and forge your thinking, opinions and to control what you know and do not know. The stuff we are daily spoon fed as news, is really carefully nothing more than crafted programming and propaganda being sold to you as authentic newsworthy journalism. In actuality, news “programming” is really pre-packaged puke that owned and controlled by a very tiny super super wealthy elite manipulators and deceivers that is designed to mold & shape your ideas and opinions in a manner that will benefit there selfish manical agendas.
The media, government and Wall Street continue to bamboozle the public by acting shocked and alarmed to hear the daily news reports and monthly statistics clearly indicating that the U.S. and world economy is quickly sinking like a million tons of bricks. They continue to make grandiose gestures pretending that by swiftly acting enacting another bogus stimulus of almost a $TRILLION dollars will save miraculaously save America from complete economic ruin. As always, like gullible willful idiots, millions of Obamanoids and millions of republicans continue to believe the hype.
The truth of the matter is, the powers to be, in government, Wall Street and media all know full well that the die has already been cast. America and the world will almost certainly fall of the cliff in the next 12 months. The manufactured economic catastrophe that is fast developing will significantly dwarf what occurred in 1929. The coming SUPER DEPRESSION is likely to last 5 – 10 years.
George W. Bush suckered millions of Americans (many of whom today still are living in denial that Bush/Cheney suckered them). In the same fashion, millions are still being suckered and charmed by Obama, Wall Street and the RepubliCONs. Obama, congress and Wall Street will not save America from the inevitable financial nuclear disaster that will become obvious in the coming 6- 18 months.
Bush, Obama, the whoring media are all mere puppets and figure heads in a grand international chess game.What is occuring now is all a carefully orchestrated plan and agenda forged by a exceedingly wicked evil power hungry blood thirsty ruthless elites in New York, London & Rome who control and own the governments of the world. Welcome to the birth of the NEW WORLD ORDER!
Wake up people and stop living in LaLa Land!!!
Watch the videos inside this post and see with your own eyes how deceitful and dishonest the mainstream conservative & liberal media can be. Read the rest of this entry »
Feb
06
What began early last year as a “credit crunch” and an “economic downturn” is now being characterized as a “long, severe recession.” Once upon a time, such a crisis was known as a “depression” before Americans became squeamish about such stark language.
As with our reluctant semantic retreat from “credit crunch” to “recession,” the reality of another Great Depression will probably not be acknowledged until years after the fact. But America and the rest of the modern world, by doggedly pursuing the same mistaken policies of the 1920s and ’30s, have made a full-blown depression — lasting years, not months, and featuring catastrophic failures in entire economic sectors along with chronic double-digit unemployment and monetary malaise — all but inevitable. In fact, the parallels between the run-up to the Great Depression and today’s economic havoc are stunning. Read the rest of this entry »
Feb
06
HIGHEST UNEMPLOYMENT LEVELS IN 26 YEARS!!!
First-time claims for state unemployment benefits surged in the latest week to the highest level in over 26 years, the Labor Department reported Thursday. The number of initial claims in the week ending January 31 rose 35,000 to 626,000. It’s the highest level since the week ended Oct. 30, 1982. The consensus forecast of Wall Street economists was for claims to be relatively steady around 580,000. Claims in the previous week were revised to an increase of 6,000 to 591,000 compared with the initial estimate of a rise of 3,000 to 588,000. The four-week average of initial claims rose 39,000 to 582,250. Meanwhile, the number of Americans receiving state jobless benefits rose 20,000 to a record 4.79 million in the week ending January 24. The four-week moving average of continuing claims rose 44,000 to 4.67 million.
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Source:
Marketwatch
Feb
06
Barack Obama’s cap on executive pay for bailout recipients yesterday overshadowed his comments about the stimulus bill, which deserve greater scrutiny.
“A failure to act, and act now [on the bill], will turn crisis into a catastrophe,” Obama said, sounding a lot more like his predecessor than the candidate of hope and change. Meet the new boss, same as the old boss?
Even as he sees the potential for a near-term rally, Todd Harrison, CEO of Minyanville.com, says Obama is understandably worried about the risk of Congressional inaction. “He’s right there’s potential for this [economy] to get much worse and manifest itself not only financially, but through societal unrest,” he says.
More than Obama’s rhetoric or what’s in the stimulus bill, Harrison is worried that protectionist policies worldwide could lead to heightened geopolitical tension and, ultimately, global war. Now that’s something to really be worried about.
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Source:
Aaron Task
Yahoo Finance
more about “Obama Warns of ‘Catastrophe:’ What Ha…“, posted with vodpod
Feb
06
Stop Drinking The Cool-Aid!
Things Are Far Worse Than What Obama, The Media & Congress Are Selling You!
The Labor Department’s official unemployment rate hit 7.6% in January, and its jump from 4.9% a year earlier marks the largest annual increase in the unemployment rate since 1975.
But the government’s broader measure of unemployment hit a more stunning level: 13.9%, up from 13.5% in December.
The figure, which largely accounts for people who have stopped looking for work or can’t find full-time jobs, is the highest since the Labor Department started the data series in 1994. It’s just shy of a discontinued and even broader measure that hit 15% in late 1982, when the official unemployment rate was 10.8%. (That data series goes back to the 1970s.)
How does the government calculate two unemployment rates? The widely followed figure is based on people who do not have a job, are available for work and have actively looked for work in the prior four weeks. The official definition of “actively looking for work” includes contacting an employer, employment agency, job center or friends; sending out resumes or filling out applications; and answering or placing ads, among other things.
The 13.9% unemployment rate — known as the “U-6″ for its Bureau of Labor Statistics classification — includes everyone in the official unemployment rate plus “marginally attached workers,” who are neither working nor looking for work but say they want a job and have looked for work recently, and people who are employed part-time for economic reasons — they want and are available for full-time work but took a part-time schedule because that’s all they could get.
Because it’s a relatively young data series, the U-6 doesn’t get much attention beyond researchers. But it may deserve more focus over the coming year as the labor market continues its purge. Many employers are still focused on cutting jobs quickly to get through this downturn, pushing job-seekers aside for an extended period. After long searches — we’re in the fifteenth month of this recession — some job hunters are likely to give up and wait out the recession. Without the broader unemployment rate, many of them wouldn’t be counted.
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Source:
Sudeep Reddy: Wall Street Journal
more about “Real Time Economics : The Other Unemp…“, posted with vodpod
Feb
06
The government and media are recently announcing that the unemployment rate is 7.6% as of mid January ‘09. As usual the vast majority of americans are so gullible uninformed, that we are all too ready to believe everything the media and government tells us without question or independent thinking and verification. ~~~
Let’s stop kidding ourselves. The sugar coated headline unemployment rate reported by the government is completely bogus. The real unemployment rate buried in the Federal Government’s data tables, including discouraged workers and those who are considered marginally attached or working part-time because they cannot find full time work, is now 12.2% (now about 14%), the highest it has been in 15 years. This number is up 33% over the past 12 months.
Click to enlarge
For those egonomists who claim that this is nothing like the Great Depression, because then the unemployment rate was 25%, stick this in your pipe and smoke it. Where was the unemployment rate in 1930, the year after the market crashed? According to the BLS, the unemployment rate for all of 1930 was 8.9%. Admittedly, there’s no information on how that statistic was calculated, but those economists who say that today’s recession is nothing like the Great Depression. By this one measure at least, given the timing.
Today’s deterioration is at least as rapid, and probably more rapid, than the beginning of the Great Depression.
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Source:
Truthseeker,
Lee Adler: Wall Street Examiner
Feb
06
Employers slashed another 598,000 jobs off of U.S. payrolls in January, taking the unemployment rate up to 7.6%, according to the latest government reading on the nation’s battered labor market. Read the rest of this entry »
Jan
31
Former chief economist for the world bank says
“You have to be in fantasy land to say that everything is fine!!!”
Jan
30
The economic meltdown on Wall Street has sent shockwaves across the globe. Political economist William Engdahl believes “the U.S. faces an economic depression that will be worse than the Great Depression of the 1930’s.” He goes on to state that “European goverments are furious at the corruption and fraud that has come out of the New York financial community.”
more about “The Real News Network – Europe fumes …“, posted with vodpod
Jan
30
Don’t look now, but it looks like January is going to end with the Standard & Poor’s 500 Index ($INX) suffering one of its worst opening months since 1929.
At 3 p.m. ET, the S&P 500 was down nearly 14 points to 829 and was off 8% for the month. If that holds, the decline would be the worst January, eclipsing a 7.65% decline in January 1970.
Today’s loss comes on top of a difficult day on Thursday when the Dow Jones Industrial Average fell 226 points, and the S&P 500 dropped nearly 29 points.
Investors should be concerned for two reasons: Read the rest of this entry »
Jan
30
World leaders, politicians and the fake lying media are all pretending that they are surprised and unaware that a “SUPER” worldwide depression is brewing! In 2008, 2.6 million jobs evaporated into thin air in the USA. While losing about 500,000 jobs a month, Bush, Obama, McCain, Bernanke, Paulson, and the media deceivers would not even admit to you that we were actually in a recession. Only in December 2008, after 2.6 million jobs had disappeared, did they all admit this to you. All last year Wall Street and the news media (liberal & conservative) kept saying that if we handout some $300-$600 checks government checks from Bush’s lame stimulus package that that would jump start the economy because people would run out and spend the money. Well….did it work??? Then a few months later that tell us we need to give Wall Street, $750 Billion to buy up toxic worthless assets from banks and that if we did that things will turn around in 2009. Well….did that work???
DO YOU ENJOY BEING REPEATEDLY LIED TO???
Sadly to say millions of sheeple actually believed them and still today are believing everything that Wall Street, Obama and the media are telling them.
Jan
30
World economic growth is set to fall to just 0.5% this year, its lowest rate since World War II, warns the International Monetary Fund (IMF).
In October, the IMF had predicted world output would increase by 2.2% in 2009.
It now projects the UK, which recently entered recession, will see its economy shrink by 2.8% next year, the worst contraction among advanced nations.
Read the rest of this entry »
Jan
30
Mayor Bloomberg’s bare-bones budget for next year will slash the city work force by 23,000 and drastically increase its sales tax, officials revealed Thursday.
The plan hinges on the shaky prospect of help from the federal and state governments and from stubborn unions.
The mayor will introduce his executive budget today; it also calls for cuts in big-ticket construction projects and for city employees to cough up cash for health care, according to those briefed on the plan. Read the rest of this entry »
Jan
30
Please keep you eyes and ears wide open!!! As the USA and world economy sinks more and more into the black hole of a MASSIVE global economic depression; we will all begin to witness an ever swelling chorus of world leaders, politicians, central banks, wall street bankster, think tanks and the corporate owned and the controlled news media, all calling for the need to create & establish a new worldwide economic system. A 1 world economic system if you will! What is soon to arrive on the world scene is a newly created preeminent one world financial/banking system that will dominate, govern and have complete and totalitarian control of the entire earth’s money supply, interest rates and any and all things related to finance & money. This new system financial system is quickly coming to fruition. Read the rest of this entry »
Jan
30
Is America unwittingly falling prey and victim to the New World Order agenda spoken of nearly 20 years ago by George Bush Sr?
Is it all a coincidence or accident that we now are seeing the corporate owned and controlled liberal and conservative media whores, are now beginning to sing the same chorus that the G20 world leaders began singing in November 2008?
More and more with each passing day, we are beginning to see world leaders, bankers, politicians and their propaganda bedfellows in the liberal and conservative media; promote the idea that the solution to the current economic crisis is a brand new worldwide financial system in which the governments of the world secede totalitarian control of all the the world’s money to this new 1 world government financial system. Read the rest of this entry »
Jan
29
US Economy Shrinks as IMF Warns of Great Depression!
LONDON (AFP) — The US economy shrank by 0.5 percent in the third quarter, official data showed on Tuesday as Britain edged ever closer to a recession and the IMF’s top economist warned of a second Great Depression.
Jan
29
Eastman Kodak posted an unexpected quarterly loss and said it would cut up to 4,500 jobs this year after suffering a dramatic decline in demand for digital cameras and commercial printing equipment.
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Source:
CNBC.com | 29 Jan 2009 | 09:05 AM ET
Jan
29
Almost 4.8 million Americans receiving
gov’t help as mass layoffs rise
Read the rest of this entry »
Jan
29
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WASHINGTON (AP) — The homebuilding industry’s nosedive won’t let up. Sales of new homes plunged to the slowest pace on record last month and builders posted their worst annual sales results in more than two decades.
Even with mortgage rates hovering around 5 percent and prices sinking dramatically, buyers have yet to return to the market as the recession deepens. Read the rest of this entry »
Jan
29
Renowned financial publication The Economist reports that, based on the characteristics of the current financial crisis, the U.S. is in a depression, not a recession.
The admission marks the first time that a major international financial news outlet has acknowledged that the scale of the economic mess is unlike anything seen in recent decades.
Under the headline, Diagnosing depression, the article asks, “What is the difference between a recession and a depression?”
Read the rest of this entry »
Jan
29
The long-held assumption that US assets – particularly government bonds – are a safe haven will soon be overturned as investors lose their patience with the world’s biggest economy, according to Willem Buiter.
Professor Buiter, a former Monetary Policy Committee member who is now at the London School of Economics, said this increasing disenchantment would result in an exodus of foreign cash from the US. Read the rest of this entry »
Jan
29
The governor of the Bank of Spain on Sunday issued a bleak assessment of the economic crisis, warning that the world faced a “total” financial meltdown unseen since the Great Depression.
Jan
28
Merrill Lynch’s chief economist for North America, David Rosenberg, widely recognized as one of Wall Street’s premier economists, writes in an economic commentary entitled “Some Inconvenient Truths” that we are probably already in a depression:
“We are likely enduring a depression today”!!!
Jan
28
I am your hope & your Messiah! Pledge your alligence & obedience to me. Adore & worship me and I will bring peace, love, joy and prosperity to your life and the world!
Are you one of the millions of mesmerized cool-aid drinkers who believe that Obama, The Fed & The Treasury will save the USA from complete economic collapse?
Are you well informed and educated about the “Great Depression”? Do you know who created the 1929 Great Depression? Most people have no idea and really don’t even care and people who don’t know history are usually doom to repeat it!
In fact, the people who created the Great Depression are the same people who have masterfully and skillfully manufactured the current economic crisis and the coming SUPER DEPRESSION!!!
Check out what this prominent economist has to say!
Jan
28
DESPERATE PEOPLE DO DESPERATE THINGS!!!
As the USA continues to sink in the abyss of a coming SUPER DEPRESSION, know that far worse things are yet to come!!!
Jan
27
Is Your Job On The Chopping List?
Jan
27
Jan
27
Scott Olson, Getty Images
A worker walks between Caterpillar earth-moving equipment at a road construction site near Joliet, Ill. The company has announced that it will cut nearly 20,000 jobs as the recession reduces demand for its products.
Companies including Home Depot, Caterpillar, Pfizer and Sprint plan to cut nearly 60,000 jobs, adding urgency to the need to agree on a stimulus plan. Read the rest of this entry »
Jan
25
Microsoft said it was unable to give a profit outlook for 2009.
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Microsoft has said it will cut up to 5,000 jobs over the next 18 months, including 1,400 immediately.
The firm also reported a net profit of $4.17bn for the three months to 31 December, down 11% on last year and less than analysts’ expectations.
Microsoft added it was “no longer able” to give a profit and revenue outlook for the fiscal year amid current volatile market conditions. Read the rest of this entry »
Jan
24
“The economy is on the brink of an absolute catastrophe!!!”
Jan
23
And can you guess who these white collared thieves want to
design, run & control this newly fashioned
worldwide financial system???
Read the rest of this entry »
Jan
23
Fourth-quarter profit falls 44% on downturn
(MarketWatch) — Following one of the most traumatic market periods in its 117-year history, General Electric Co. said Friday it foresees more credit losses in 2009 and plans to bulk up its cash reserve to weather the current recession.
Jan
22
Here’s Some Toilet Paper! Enjoy!!!
Jan
22
2008 Leaves Pensions Underfunded
Could the continued collapse of the stock market wipe out your entire retirement account? In 2008, trillions have already gone up in smoke!!! Are you willing to risk it all by leaving your retirement money in the stock market hoping for the best?
Jan
22
In 2008, due to the collapsing stock market, millions of peoples loss 40% – 50% in the value of their pension. Will the remainder of your pension/401 k vanish into thin air in 2009??? Read the rest of this entry »
Jan
21
Renowned canadian economist and professor of economics at the University of Ottawa, Michel Chossudovsky discusses:
Causes and consequences of the financial meltdown;
The speculative onslaught;
Financial fraud and the “bank bailouts”;
Bankruptcy of the real economy;
Impacts on employment, wages and social services;
Towards a spiralling public debt;
The economic crisis and its relationship to the Middle East war;
The centralization of corporate power;
The concentration of wealth;
The globalization of poverty.
GET INFORMED! EDUCATED YOURSELF or PERISH IN IGNORANCE!!!!
Jan
20
Prestigious Group of 192 Economists – Including Nobel Prize Winners – Slams Bailout!
(This letter was sent to Congress on Wed Sept 24 2008 regarding the Treasury plan as outlined on that date. It does not reflect all signatories views on subesquent plans or modifications of the bill)
To the Speaker of the House of Representatives and the President pro tempore of the Senate: Read the rest of this entry »
Jan
20
Retailing has always been a tough business. Now it’s a brutal business. Some observers now predict that more than 25% of retailers may go bust in the the next two years.
A great WSJ quote driving home how this truly is retail’s Schumpeterian moment:
Analysts estimate that from about 10% to 26% of all retailers are in financial distress and in danger of filing for Chapter 11. AlixPartners LLP, a Michigan-based turnaround consulting firm, estimates that 25.8% of 182 large retailers it tracks are at significant risk of filing for bankruptcy or facing financial distress in 2009 or 2010. In the previous two years, the firm had estimated 4% to 7% of retailers then tracked were at a high risk for filing.
Read the rest of this entry »
Jan
20
The grainy footage of Great Depression soup lines and Hoovervilles now in heavy rotation on the major news outlets has been largely counterbalanced by a parade of economists who reassure us that such a protracted downturn is currently inconceivable. Their confidence stems primarily from the belief that government safety nets enacted since the New Deal, together with a Fed chairman who is a self-professed depression buff, will prevent a replay of the 1930s. As usual, this analysis is woefully optimistic and sidewalk pencil sales may in fact be a growth industry.
Read the rest of this entry »
Jan
20
Mark Twain once said that “if you don’t read the newspaper, you are uniformed. If you do read the newspaper, you are misinformed”. It is no surprise then, even to people who don’t follow the news, that a truly serious financial crisis is sweeping the world.
Read the rest of this entry »
Jan
19
Is America Already In A Depression?
On December 1, 2008, the U.S. Government just got around to officially admitting and announcing that the U.S. is in a recession!!! Well SURPRISE, SURPRISE!!! Thanks for telling us what millions already knew. In fact the recession actually began to form in mass in early 2007 not at the end of 2007 as we’ve just been told.
That said…could it be that we are already rapidly moving into a depression and perhaps…just perhaps the Obama administration won’t come clean and admit this and tell all the sheeple the truth about what is coming until we are very well deep into the point of no return???
Jan
19
The news was touting the new unemployment figures for which they reported was at about 5%. Which they then said was still a historical low. Yet can we really trust these numbers? We know that the fortune 500 companies like to “cook” the books so to speak but what about the government are they “cooking” the books when it comes to things such as unemployment, gross domestic product and the consumer price index. With the government playing fast and loose with the numbers we could be closer to a depression than any of us actually know.
Read the rest of this entry »
Jan
19
YOUR GOVERNMENT CHECK MAY BE OFFICIALLY TERMINATED!!!
Are you counting on getting a tax refund check or welfare check from the government??? Do you think that think that welfare and other government subsidy programs are a sure guarantee bet to keep your head above water as America collapses into the economic abyss??? Well you better think again!!! With the coming crash in the bond markets, states and cities all over America are facing impending economic termination.
Jan
19
Do you trust the government to protect you and your money??? Seeing how government and corporate america are deeply connected partners in crime, only a fool would believe that government and big corporations are the solution to all that destroying america.
WAKE UP!!!!!
A brewing fraud scandal at the Treasury Department may be worse than officials originally thought.
Investigators probing how Treasury regulators allowed a bank to falsify financial records
Jan
17
Believe it or not, The Federal Reserve System is the root cause of the 1929 Great Depression as well as the current economic crisis and the COMING SUPER DEPRESSION. The fake conservative and fake liberal news media will never tell you this or even broach the subject. Why won’t the tell you the truth? Well, just do some investigation and find out who actually owns all the major media outlets (tv, radio, newspaper) in America. A prominent PhD economist has slammed the latest round of bank bailouts and argued that they will not work because the financial crisis was caused and prolonged by such activity in the first place.
Jan
17
Buckle yourselves in and hold onto your hat!!! If you think the economy was hit hard in 2008, YOU AIN’T SEEN NUTTIN’ YET“!!! In 2009 – 2010, the retail industry and associated jobs will be severely devastated! We’re likely to see tons of retailers going belly up and out of business.
![[Retail sales chart]](http://s.wsj.net/public/resources/images/P1-AO101A_RETAI_NS_20081225220014.gif)
Jan
17
The Treasury Department plans to invest billions of dollars in Bank of America to help the company absorb troubled investment bank Merrill Lynch, according to two people familiar with the matter, The Post’s Binyamin Appelbaum reports.
Jan
17
U.S. foreclosure filings in 2008 rose 81% from 2007 and tripled from 2006, RealtyTrac reported on Wednesday. A total of nearly 3.16 million foreclosure filings — measured by default notices, auction-sale notices, and bank repossessions — were reported in 2008.
Jan
17
Bankrupt Circuit City Stores Inc., the nation’s second-biggest consumer electronics retailer, said Friday it failed to find a buyer and will liquidate its 567 U.S. stores. The closures could send another 30,000 people into the ranks of the unemployed.
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Jan
16
Even in South America workers prefer euros, other local currencies
SAO PAULO, Brazil – Antique store owners in lower Manhattan, ticket vendors at India’s Taj Mahal and Brazilian business executives heading to China all have one thing in common these days: They don’t want U.S. dollars. Read the rest of this entry »
Jan
15
Jan
10
Does the President of the United States or U.S. Congress control have authority, control & power of the money and economy of America??? Are you among those who believe that Barack Obama is gonna ride in on a white horse, wearing a long red white & blue striped cape with a big golden embroidered eagle on his chest and save the USA economy from completely collapsing? Well guess again!!! With only shallow surface differences, to sell the masses on the idea that great wonderful change is soon to occur, Obama will pick up and continue on right where George W. Bush left off! By doing some in depth research of your own, you will realize that both parties are bought and paid for by the very same special interest. Learn the REAL TRUTH about the U.S. and international monetary system. These videos will reveal things to you that were deliberately NOT taught to you in grade school, high school, college or the news media.
Diligently seek after truth and you will find it!!!
MONEY MASTERS PT. 1 of 22
Jan
10
During the Great Depression, with millions having lost their jobs, life savings and virtually all hope…many people committed suicide, starved to death and many others resorted to doing awefully desperate things. In the EXTREMELY horrific and desperate times to come…horrific times that will make the Great Depression seem like a picnic in the park…WHAT MIGHT YOU DO to survive???
Jan
10
Why are so many americans so uninformed about so many vitally important information?
Do you considered yourself well informed because you watch tv news or listen to Rush Limbaugh, Glen Beck, Shawn Hannity, CNBC, CNN, MSNBC, Fox News, etc?
Watch this video and see how your life and the life of all those you love are being manipulated, misguided and mis-educated.
Did you know the primary purpose of the coming worldwide economic collapse is to bring about great panic, fear and great suffering so that the masses around the world will call for and embrace the establishment of a: Read the rest of this entry »
Jan
09
Jan
09
The control mainstream corporate media would have you believe that monetary/economic crisis are natural cycles that just happen to unexpectedly occur. This current crisis we are told, has occurred due to incompetent government regulators all of which were asleep at the switch, dishonest americans who lied on mortgage applications, ignorant bankers who made bad loans because they had no idea that not that giving millions of people no doc loans was a bad idea.
Jan
09
In this video, you’ll see how Former Fed Chief, Greenspan speaks out of both sides of his mouth. Greenspan admits that no country really needs a Central Bank and moreover we may be better off without a central bank. Greenspan admits that the USA money supply really has no intrinsic value since it was taken off the gold standard in 1971. Hince inflation, inflation, inflation and soon to be SUPER HYPER INFLATION!!! Now repeat after me….“America and the world has been duped & hoodwinked”!!! Get informed!!!
Yes! In 1971, Republican President Nixon, removed the dollar from the the gold standard. Nope…in case you didn’t know, the dollar is no longer backed by gold for over a generation now.
Jan
09
This video entitled “Money, Banking and the Federal Reserve” will enlighten your mind.
Things are not always as they appear to be. Become informed or drown in ignorance!
Jan
09
Times are getting really tough for multitudes of americans and when times get tuff, people resort to doing nearly anything to survive and feed their family. Push come to a shove… what will you do to feed yourself & your family????
When push comes to shove, some shoppers are doing more than just pinching pennies — they aren’t paying at all. Retailers across the country are reporting a rise in shoplifting and officials are attributing a portion of the increase to cash-strapped amateurs.
Jan
09
For the last 4 years I have been warning people of a coming SUPER DEPRESSION. 99% of everyone I warned always ignored my warnings preferring to live in LaLa Land believing that all was well, believing that this day of horrendous reckoning would never come. Now that it has finally arrived, still the vast majority of people believe that the government and the big wall street banks will fix all this in the next 12 months!!! Is this belief based on facts or delusion and misinformation?
Jan
09
The dollar will completely collapse in the next 6-36 months. It will become completely worthless. What should you do to protect yourself??? Watch this video for some good tips you should consider. Ignore this info at your own peril!!!
Disclaimer: Nothing is this video or any other video should be deemed to be a substitute for performing your own due diligence when making a decision to invest or divest in anything.
Jan
09
Are you holding U.S. government bonds thinking that you’re money is safe????
Listen what Top economist who forecasted this entire impending destruction of the US economy 4 years ago has to say. I also have been warning people for 4 years myself. Still even now, with all that is occuring most people are still sucking their thumbs, obsessing over football, tv shows, movies, videos games, myspace, facebook and living in complete denial of what is coming! Are you 1 of these people???
Jan
09
Don’t believe the propaganda you here from tv news and radio that the USA economy will rebound in late 2009 or early 2010. NOT!!! Read article below and pull your head from underneath the pillow. Will you be able to
feed yourself and your family?
unemployment
Jan
09
Jan
09
Find out what shocking admission this BigWig Wall Street insider makes about the future economic outlook for the USA!!!
Jan
09
The Coming Depression
Thursday, Jan 8, 2008
…and this excludes contingent liabilities such as social security, government pensions and Medicare. The economy is 2-3 times more debt-dependent – with at least $29 Trillion DEBT EXCESS – - compared to the 1950-1970s! $175,154 per man, woman and child – or $700,616 per family of 4!
Jan
09
Barack Obama’s White House chief of staff, Rahm Emanuel, told business leaders assembled by the Wall Street Journal in November that the economic crisis facing the country is “an opportunity to do things you could not do before.”
Jan
07
The worst annual performance for Wall Street stocks since the Great Depression ended with a modest rally on the final day of trading as the Federal Reserve pushed ahead with its plan to buy mortgage-backed securities.
The central bank’s plan to buy up to $500bn of mortgage bonds by the middle of 2009 helped spur a 1.4 per cent gain on the day for the S&P, which finished 2008 at 903.25.
The Dow Jones Industrial Average and Nasdaq Composite Index added 1.3 per cent to 8,776.39 and 1.7 per cent to 1,577.03, respectively. Volumes were thin as many traders remained away from their desks ahead of the New Year holiday.
Jan
07
Federal Reserve regional bank presidents describe invocation of ‘war powers’ by Board of Governors in Washington
Jan
07
Jan
07
30 Key Facts About The Great Depression of 1929
Read below just a few of the things that occured during the 1929 depression! After you’ve read everything, multiple what you read times 50 or times 100. That will give you a vague estimate about what you, your family and all americans could be facing over the next 6 – 36 months. In actuality, the coming super depression will likely be 50 or 100 times worse than the 1929 crash.
Jan
05
Superstar investor Jim Rogers makes a proclamation that he is selling all is dollars. Rogers says that the dollar will collapse and loose its world reserve currency status. Did you know that Vice President Dick Cheney dumped all his dollars several years ago? Many of the super wealthy (billionaires) have already dumped their dollars. What do the super super rich know that you and I don’t know???
Despite this the media continue to tell us to remain calm and remain vested in the stock market because things will turn about in 6-12 months. DON’T BELIEVE THE HYPE!
Unless you wanna get stuck holding a bag or bank account full of worthless dollars you better get your hands on as much gold and silver coins or bullion a.s.a.p.
Jan
05
Congressman/economist/physician: Dr Ron Paul sounds the alarm and warns congress and America that the course of actions taken by the Fed & Treasury will lead to the complete destruction of the dollar and worldwide economic collapse. Do not delude yourself into believing that the current crisis will be fixed and repaired by Obama. The Fed runs the show. Don’ forget…he who controls the money calls the shots!
Jan
05
Legendary investor Jim Rogers says USA government, Fed & Treasury Dept. are doing all the wrong things that will actually cause stock market to continue to fail. Rogers warns that bond markets will also being to collapse & currencies worldwide will follow suit. All this will result in an “inflationary holocaust”. All this is very likely to occur in the next 6 – 36 months. Are you and your family prepared to weather an worldwide economic holocaust???
Jan
05
Must see interview with Nassim Nicholas Taleb, world famous economist and author of “The Black Swan” and Dr. Mandelbrot, professor of Mathematics. Both say that the present economic situation is far more serious than the Great Depression and the economy during the American Revolution.
Jan
05
Will Barack Obama save you & your family from utter and complete economic ruin?
Jan
05
The mainstream media and Wall Street have reached the consensus that the current credit crisis is the worst since the post-war period. George Soros’ statement that ”the world faces the worst finance crisis since WWII” epitomizes the collective wisdom.
Jan
05
Not Your Grandfather’s Depression – It will be much worse, in many respects!!!
Jan
03
This is the crisis that will change the course of history. Even before ivory-tower theorists have gotten around to officially calling it a “recession,” the U.S. economy is already sinking rapidly into depression.
