The number one site detailing the coming economic depression

The Federal Reserve says America’s jobless rate won’t drop much from today’s 8.5 percent by November and could remain as high as 7.6 percent through 2014 — bad news for President Obama’s re-election hopes. “It’s going to hurt Obama more (than his Republican rival) if the unemployment rate doesn’t improve from here,” Paul Edelstein of [...]

Many rating agencies have no right to issue downgrades because it blew it on the mortgage-backed paper fiasco. The fact that S&P did blow it during the mortgage fiasco, by continuing for years to rate junk bonds as AAA, shows just how serious the fiscal problems are for many countries. It covered up the problem [...]

Millions of people from countries across the world have begun to wake up to the very real threat of repressive and engineered Globalism, or what the financial elite and the politicians who work for them often refer to as “The New World Order”. The movement against this centralization of economic and social power has gained [...]

WASHINGTON – The Federal Reserve said Wednesday that it would leave the target for short-term rates unchanged at 0.25% and does not plan any changes until late 2014. Tuesday’s statement marks a shift in the Fed’s stance. Since August, the Fed has said in policy statements that it planned to keep its benchmark rate at [...]

We’re not union bashing, but what we are against deceit and dishonesty. We also don’t like how the union leaders take advantage of the worker. Unfortunately, the workers follow the leaders blindly and accept everything they are told as the truth. Note: it is only the entry level workers who are designated to get 50% [...]

From Infowars.com In the photo here, Obama is spotted with a book penned by Fareed Zakaria, The Post-American World. Zakaria’s book argues that a world order is emerging led by the authoritarian slave state China and India. “Criticism of the book focused on certain assertions made by Zakaria, as well as the focus of the book [...]

..the FDIC is contributing to the deflationary trend. It has “tightened rules on required capital levels,” which forces banks’ loan ratios to fall. The FDIC Anesthesia Is Wearing Off November 20, 2009 By Robert Prechter The following article is an excerpt from Robert Prechter’s Elliott Wave Theorist. For more information from Robert Prechter on bank [...]

Headlines: 263,000 “jobs lost” and unemployment rate up to 9.8%. That’s not good – there goes the “second derivative” argument. Weekly earnings are also down by $1.54, which is bad news too. But the Household Data is VASTLY worse than reported. Here are the month-over-month changes, and they’re in the realm of frightening.  (all numbers [...]

What goes up must come down, and what we’re about to experience in the USA is the worst fallout because houses in the country are approximately double the historical average, and the aftershocks from the coming mega housing crash — when everything is finished — will put prices lower than ever seen in modern American [...]

“It is not racist to proclaim you do not want mass immigration — it is survival.” The damage is done. There is NO return to the old days. Just like in Italy, France, hell, all of Europe and North America. US national identity has been destroyed. It is why homogenous nations like China, Japan and [...]

“Make no mistake: the economic winter is still here,” NFIB Chief Economist Bill Dunkelberg said. “Similar gains in the early part of 2011 quickly faded, and the index is still well below where it should be at this point in the recovery. The economy appears to be slowly recovering, resolving imbalances in debt, housing and [...]

Don’t count on 2012 Apocalypse to bail you out! Sorry, but you will wake up and smell the coffee on December 22nd next year. The apocalypse will not have wiped out the earth and given us an easy way out of the mess we have created for ourselves. On December 22nd, you will also wake [...]

Cuts in governmental services are hitting countries all over the world, but in particular Canada and the United States. Indeed, in Canada the federal Conservative government is considering cutting deeper and faster than originally planned, with Finance Minister Jim Flaherty saying Tuesday some departments could face cuts of more than 10 per cent Cuts in [...]

Ron Paul is an inspiring candidate. In a sea of political mediocrity and moral ambiguity, he stands out as someone who has principles, someone who tells the truth. He is plain-spoken, honest, intelligent. Here is one of the very few who understood what was happening and objected to bailing out the “too big to fail” [...]

“”The idea of retiring young [at 55] has become an elusive dream for most people,” Pape writes, “Of course, the longer you plan to work, the less you need to save for retirement.” At 75, author Gordon Pape has just released another book on retirement: at least the third after declaring several years ago his [...]