Your number one source for news about the coming economic depression

“We’ve lost a couple of decades of demand in the U.S. economy because of the de-leveraging that’s happened,” Wall Street observer James Dale Davidson says.

America has spent too many years focused on the service industry by design to de-industrialize the economy thus making it easier for the process of bankruptcy. It has been so many [...]

Walk along any upscale neighborhood in Orange County and you’ll see empty houses. No, not boarded up houses, just empty as no one lives there.

Story by JMC Orange County Resident
In 2005 and 2006 my neighborhood had a plethora of McMansions built. Developers in a frenzy leveled apartment complexes and displaced hundreds of tenants to build [...]

“The continued preeminence of the United States and the relative independence and self-sufficiency of the United States would have to be changed… in order to create a new structure, you first have to tear down the old, and American industry was one example of that.” — Dr. Day, 1969 presentation about the planned de-industrialization of [...]

A year from now you won’t be able to sell your house. Yes, you read that right. The caveat is (there always is a caveat) that if you have enough money to make required major upgrades to your home, then you can sell it.

We encourage you to read the provisions of the Cap [...]

“The major risk facing the sub-Saharan economies is that the world economy could experience a double dip or economic stagnation,” the study says.

Share International Magazine has been publishing on the first page, since 1988, this prediction: A worldwide stock market crash would occur, beginning in Japan. As we have seen, the bubble in Japan burst [...]

“Reading the newspapers these days, you have to wonder whether Canada was on another planet when the global credit crisis hit.” — Murray Dobbin

All the news reports from Canadian real estate associations touting that the housing “recession has ended” is just about as worthless as the hot air coming out of politicians mouths. Very [...]

“Now we know that January 25th is the date that the state of California has decided to begin jeopardizing public safety with no perceivable financial benefit,” said Weber

The justice system is profit driven and thus wholly corrupt. The problem exists not only in California but throughout the nation. California only escalated their woes by creating [...]

“This year we will continue to control the pace and demand of the credit supply,” Mr. Liu said at a conference in Hong Kong. All banks, he added, had been ordered to “heighten their vigilance against an impossible, embedded credit risk.”

For about a year now, China has been giving signs and exerting influence on world [...]

“Should American bankers be let off the hook because they self-declare, before an investigational panel, that the failure of their newly invented risk swaps and other highly leveraged investment schemes was simply due to “mistakes”?

First lets examine the ways Obama’s Treasury Secretary Tax Cheat Tim has bent the Taxpayers over again and again.
From The Business [...]

“It was the greatest party in the history of the world, but now the party is over. The following are 11 signs from just this past month that show that the U.S. economy is headed into the toilet and will not be recovering.”

Just think of what would happen when the soldiers who are in [...]

Let this be a Warning to you I last checked one of my banks safety some six or so months ago it had a Good rating it has now fallen to a D- things can change quickly.

How many of you fell for Obama’s attempt to silence the outrage coming from all sides of the political spectrum with his Financial Transaction Fee plan??

“Frugality is the new fashion and likely to stay that way for years,” highlighting a secular shift toward prudence and conservatism because households are traumatized, tapped out, and mindful of a bleak outlook.

The few greedy cheaters among us have been a major factor in the creation of the impression of economic growth that led to [...]

Contaminated well the Obama’s just give that to the HOMELESS.
“The White House has also donated produce from the garden to Miriam Kitchen, a soup kitchen for the homeless.”
In case you are wondering who contaminated it that would be the Clinton’s.
“The story becomes more interesting when you discover that the reason the lead levels are higher than normal [...]

Politicians and academics keep touting that they’re working on a poverty reduction strategy, but what most people forget is that most of the program just steal from the rich and give (after a politician’s cut, of course) to the poor in only small ways. Sarcastically speaking, there’s already been a poverty strategy in place [...]

“Economists are worried about consumer spending in the months ahead given their forecasts that unemployment, currently at 10 percent, will keep rising until perhaps midyear.”

Obviously the only way sustainable growth can occur in this and all countries is by private growth because government growth is false growth. Government spending tax dollars in an attempt [...]

American households have lost $11 trillion in wealth since the peak in the bubble.

Below are some highlights from an article by My Budget 360. NOTE the $11 TRILLION DECLINE IN MAIN STREET WEALTH vs. how the Banksters are doing! Budget 360 is the same source that identified the great divide between Wall Street and Main [...]

In a complete reversal of his number one agriculture campaign platform pledge, President Obama has issued his verdict on farm subsidy loopholes – the loopholes for mega farms win and family farmers and federal taxpayers are the big losers.

Not that this is much of a shock these days it is becoming a daily event.  Remember [...]