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Barack Hussein Obama “I think when you spread the wealth around, its good for everybody.”

Archive for ‘November, 2009’

Major Economic Bloodletting Ahead: analysts

Major Economic Bloodletting Ahead: analysts

“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 [...]

Academic says underwater homeowners should throw keys at bank; arson, insurance fraud on rise as defaults increase

Academic says underwater homeowners should throw keys at bank; arson, insurance fraud on rise as defaults increase

” 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 [...]

Obama Orders 1 Million US Troops to Prepare for Civil War

Obama Orders 1 Million US Troops to Prepare for Civil War

“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 [...]

Depression to last at least until 2020; Dubai is harbinger: analysts

Depression to last at least until 2020; Dubai is harbinger: analysts

“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 [...]

UAE oil economy up in smoke; solution to economic crisis?

UAE oil economy up in smoke; solution to economic crisis?

“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 [...]

UK Chancellor predicts steepest slump ever

UK Chancellor predicts steepest slump ever

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 [...]

Dubai in debt default; investors spooked around globe

Dubai in debt default; investors spooked around globe

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 [...]

US military base closures, cuts hit cities

US military base closures, cuts hit cities

“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, [...]

Doomsday looming for many truckers at Los Angeles and Long Beach ports

Doomsday looming for many truckers at Los Angeles and Long Beach ports

“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 [...]

Canada's real debt seeps to 131 per cent per GDP

Canada's real debt seeps to 131 per cent per GDP

“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 [...]

Factual news about the coming economic depression

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