Your number one source for news about the coming economic depression

“In commercial real estate and leveraged buyouts, the bloodletting is yet to come,” Soros said in a speech in Europe.

These so-called economists — who are no better at predicting economics than weatherman can predict snow falls — call the recession over, but the recession won’t be truly over until people get back to work and [...]

” Go ahead. Break the chains. Stop paying on your mortgage if you owe more than the house is worth. And most important: Don’t feel guilty about it. Don’t think you’re doing something morally wrong.” –message of a new academic paper by Brent T. White.

Don’t just walk away too quick. Many (banks, mortgage companies) aren’t [...]

“The ‘Second American Revolution’ Has Begun”

Russian Military Analysts are reporting to Prime Minister Putin that US President Barack Obama has issued orders to his Northern Command’s (USNORTHCOM) top leader, US Air Force General Gene Renuart, to “begin immediately” increasing his military forces to 1 million troops by January 30, 2010, in what these reports warn [...]

“The cost of money just got a lot more expensive for everyone.” — Citizens Bank commentary

Now, just as Bear Stearns was a harbinger of a string of failures of overly leveraged investment banks, the concern is that Dubai could be the canary in the coal mine for heavily indebted countries. The debts of everyone, including [...]

“There was a time when investment in this country meant to borrow money to increase manufacturing capacity, research and development. Now investment funds are used for mergers and acquisitions that create no wealth.”

As long as there is a financial gain associated with a function that should fall under the category of public affairs, there will [...]

Nearly 12 years of incompetence of this government’s work and the cracks show in the economy of the United Kingdom, but we should lay the blame where it started: Margaret Thatcher! She began the destruction of the manufacturing base of the United Kingdom, deregulation of the financial system, backed by the oil economy of the [...]

People forget the reason Adolph Hitler came into power was due to the Great Depression. People forget the political consequences of economic greed, corruption and bubble creation is always the rise of a strong man to deal with the chaos.

The question is: Should Dubai borrowed money to Creditor build projects and money raised from investors [...]

“Even if we were to return to the funding levels we’ve had in recent years, we cannot continue to sustain viable operations in all 56 armories across the state,” Bunting said. “This is a challenging time requiring difficult choices.”

Kan. National Guard to close 18 armories
By John Milburn – The Associated Press
Posted : Wednesday Nov 25, [...]

“This is hitting us hard,” said Nelson Romero, president of the National Port Drivers Assn., a group that says it has more than 1,000 members and is seeking to extend the Jan. 1 deadline. “It’s not fair that everything falls on us.”

Doomsday looming for many truckers at Los Angeles and Long Beach ports
Clean-air guidelines banning [...]

“We’ll start paying it down once we’re back in surplus,” Flaherty said.

There is a pool of money untapped by government: the practice of undeclared barter. When an individual says to you “That will cost so much if you pay by cheque but 20% less if you pay cash you know that the cash payment [...]

“.. the average family will be hurt by that [governments printing money], and then in order to distract the attention of the people, the governments will go to war. People ask me against whom? Well, they will invent an enemy.” — Marc Faber

If they need to invent an enemy, they really don’t have to. The [...]

“The market reaction shows how vulnerable some economies are to the aftermath of the debt binge. This highlights how fragile confidence is.” Gerard Lyons, chief economist.

This just shows the disconnect that governments have with their citizens. We are not considered citizens to politicians; we are regarded as consumers. That’s what Barack Obama and Bush’s main [...]

It’s now official. Much of the hype about global warming is nothing but a complete scam.
What effect will this have, if it breaks out into the main stream media, on the carbon credit, trading system, and general economy (especially the commodities futures and trading) to which massive amounts of land have been [...]

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 [...]

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 a bubble (gold’s expensive) [...]

..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 safety, download his free [...]