Your number one source for news about the coming economic depression

They did it! The government of your nation did it! They just turned their backs on over a million people on unemployment and denied the extensions! Congress, in the most nefarious and pernicious move seen since “post economic collapse period,” has walked away, went home for the weekend and did not extend unemployment benefits to [...]

The Obama Deception is a hard-hitting film that completely destroys the myth that Barack Obama is working for the best interests of the American people.
The Obama phenomenon is a hoax carefully crafted by the captains of the New World Order. He is being pushed as savior in an attempt to con the American people [...]

“A true labor market depression faced those in the bottom…of the income distribution; a deep labor market recession prevailed among those in the middle of the distribution, and close to a full employment environment prevailed at the top.”

The real unemployment rate is somewhere in the 17.5% range. Actually, as it is shown in the featured [...]

It looks like you’ve all been brainwashed! This amazing interview was done back in 1985 with a former KGB agent who was trained in subversion techniques. He explains the 4 basic steps to socially engineering entire generations into thinking and behaving the way those in power want them to. It’s shocking because our nation has [...]

“Right now, the 1.2 million workers who will lose benefits in March are being held hostage by partisan attempts to delay and block this critical legislation,” said Christine Owens, executive director of the National Employment Law Project.
Jobless benefits start ending on Sunday
NEW YORK (CNNMoney.com) — Depending on extended unemployment benefits to see you through the [...]

“If we don’t do it, you know this whole city is going to go down. I’m hopeful people will understand that,” Bing said. “If we can incentivize some of those folks that are in those desolate areas, they can get a better situation.”

Detroit Mayor Bing emphasizes need to shrink city
Mayor says it’s not ‘an easy [...]

We`re going to see many states across the country specifically california dealing with rosy predictions and forecasts brought by the govt. They said the economy was going to rise to 8.0 % unemployment if they passed the stimulus, but we see that even by the govt`phony standards, this rate rose to 9.6% . [...]

Greenspan said that while the economy was in worse shape in the Great Depression, the recent financial crisis was potentially more harmful than that in the 1930s because “never had short-term credit literally withdrawn.”

Greenspan just said that the current credit crunch is “by far the greatest financial crisis, globally, ever” — including the 1930s [...]

“According to a spokeswoman, the bank changed the status of the bulk of its consumer checking accounts last year to take advantage of an FDIC policy to provide unlimited account protection to certain types of accounts. When Citi transferred the accounts back to their original status, it triggered the notification of the seven-day requirement,” states [...]

More than 11.3 million homeowners — nearly one-fourth of all Americans with a mortgage — owe more on their loan than their home is now worth, according to a report released Tuesday by FirstAmerican CoreLogic.

As long as

real wages for the working class decline
good paying middle class jobs are outsourced for cheap labor
government refuses to reign [...]

Greece’s national strike has turned violent with demonstrators running pitched battles with the police in central Athens.

In the context of the developing story of Greece’s pending debt default, we should be reminded of what German Chancellor Angela Merkel stated recently in respect to the Greek financial situation – and others in the EU who are [...]

Bonuses on Wall Street rose 17 percent last year to $20.3 billion even as the industry faced a public backlash over pay practices.

While it’s easy to blame the financial industry for this mess, a large part of the trouble was with mortgage backed securities that had been reworked many times since they were merely sub-prime [...]

“Effective April 1, 2010, we reserve the right to require (7) days advance notice before permitting a withdrawal from all checking accounts.

Contrary to financial pundits’ constant chants and cheerleading with the false claim tha the “recession is over,” we see that the economic situation in the United States is getting so bad that financial [...]

Garth Turner, financial journalist, and Rob Carrick discuss a collapsing Canadian real estate market.
* What are the indicators that there will be a housing market crash?
* How bad with the real estate market crash be?
* How much could house prices go down?
* How long would it take for the housing market recover?
The Investor Education Fund [...]

“Having been conned by lower than market interest rates heavily set by the Central Bank of Canada, people were misled into purchasing “investments” they will not be able to afford in the future once interest rates rise.”

Canada is quickly becoming much worse off than the US was (in terms of house prices to income levels) [...]