The number one site detailing the coming economic depression

On top of Japan’s enormous public debt tailed with its “lost decade,” we’re likely to see a lost century especially with their aging population, lack of energy, and their recent nuclear meltdowns. Indeed, “the final thing is that the reactors will have to be closed and the fuel removed, and that is 50 to 100 [...]

We don’t so much think anyone is writing off the US economy; if anything they may be ahead of the personal de-leveraging curve. The problem then becomes how much debt the federal government carried into this economic crisis and how austerity would affect an economy that (with growth adjusted for core inflation) is basically experiencing [...]

“In what is probably no surprise to those who feed the hungry and care for the world’s poor, the news this last week has not been encouraging. A rise in food prices has caused progress on key goals to reduce global poverty and malnutrition to slide. “ According to the National Catholic reporter, while progress [...]

Homes prices edged down 0.2 per cent in February from the month before but were still 6.1 per cent higher than a year ago, according to a well-watched housing index. According to the Financial Post, the month-over-month decline was the third such retreat in the past four months for the Teranet-National Bank National Composite House [...]

“The new tax, which could be in place by July 1, will slap a two-percentage point increase on income over $500,000 and raise $470 million a year. Only 23,000 Ontarians make enough to pay the tax but on average they’ll shell out $19,000 each.” According to John Jenkins, the deal ensures McGuinty’s seven-month-old minority government [...]

Gold is the money of Monarchs…Silver is the money of gentlemen… Barter is the money of peasants…Debt is the money of slaves… Do the math and the IMF is selling 15% of 2800 tons. This is like investing $ 1,000 in a stock when it goes up 15% you take 15% to cut your investment [...]

“When the Great Depression started after it [market crash of 1929], it’s thought that politicians actually started the Great Depression by putting through too many rules and regulations…” — CBC’s Fred Langan How can the economy improve if no goods are being produced? Over the last 8 years the US basically been simple purchasing goods [...]

A very old New World Order warning.. open your eyes.. now. The CFR is the creator of the United Nations and as such it dictates and influences United Nations policy. The United Nations is destined to be the guard and keeper of the New World Order.. a term used by occultist Adam Weishaupt.. and later [...]

Gold: Expensive or Cheap, it’s Rare (World’s Gold fills 2 Pools & the New World Order, Explained) Silver Stock Report by Jason Hommel, November 19th, 2009 The best witty observation this week came from Bill Murphy with www.gata.org.  Bill noted the irony of how media pundits who bash gold will argue that gold is in [...]

“The International Forecaster, Bob Chapman, says that A New System For The Privileged Is Not A Remedy For The Economy.” The current financial crisis in the US and around the world was not a failure of capitalism, but an intentional looting of the world financial system by Illuminist crony fascism sheep-dipped in capitalism. The old [...]

In an article written by Damian Paletta, the Congressional Budget Office said Thursday that 45 million people in 2011 received Supplemental Nutrition Assistance Program benefits, a 70% increase from 2007. It said the number of people receiving the benefits, commonly known as food stamps, would continue growing until 2014. Spending for the program, not including [...]

“China’s declining economic growth fell to its lowest level in nearly three years in the first quarter, but analysts said it should rebound in coming months.” The world’s second-biggest economy grew by a still-robust 8.1 per cent in the three months ending in March, down from the previous quarter’s 8.9 per cent, data showed Friday. [...]

New figures show China’s economy is growing at its slowest pace in three years. The annual growth rate now stands at 8.1 per cent. Economists say Australia’s economy will come under significant pressure if Chinese economic growth falls below 7.5 per cent. According to Bloomberg, Australia’s dollar declined from a one-week high after data showed [...]

“If people are expecting a big refund, they go as fast as they can to a tax preparer,” says Henry Sommer, a bankruptcy lawyer in Philadelphia. “They need the money so they can afford to file for bankruptcy.” More than 200,000 money-strapped households will use their tax refunds this year to pay for bankruptcy filing [...]

On October 22, Lang Xianping, an economics professor at the Chinese University of Hong Kong, gave a private talk in Shenyang City in iaoning Province. He cited statistics showing why the Chinese Communist Party (CCP) is trapped in an economic crisis and is at brink of bankruptcy. Some scholars say that Lang’s conclusion is not [...]