Your number one source for news about the coming economic depression

Elizabeth Warren explains Charlie Rose the need for a new federal regulator looking out for average consumers.

Congressman Ron Paul and Stuart Varney discuss the problems with the healthcare reform bill on Sunday March 21.

“I think interest rates forever in the US will be at zero. By zero I mean below the rate of inflation,” Marc Faber, editor & publisher of The Gloom, Boom & Doom Report, told CNBC Thursday. Faber also said that the Chinese economy will slow down, but avoid a crash. Airtime: Thurs. Mar. 18 [...]

The government leads you to believe that we are in an economic recovery, however, it is actually the total opposite. A depression and inflation are what the US is looking forward to.

“Who thinks they’re entitled to medical treatment that somebody else should pay for? Who Pays? Government? Where do they get the money? The government is already stiffing the doctors on Medicare patients- Who will continue to work without being paid? It’s a downward spiral gaining momentum. ” — Politico Commenter

One thing needs clarification. Why is [...]

“The Federal Reserve in collaboration with the giant banks has created the greatest financial crisis the world has ever seen. The foolish notion that unlimited amounts of money and credit created out of thin air can provide sustainable economic growth has delivered this crisis to us.”

This is just inflating the mother of all bubbles, [...]

Watch Congressman Pete Stark blow up when Jan Helfeld asks him why Stark believes, “the more we owe, the wealthier we are.”

“This was all inflation dependent financing. If the Federal Reserve and the rest of the world continued to inflate, cheap money would have bailed these projects out. With the Fed halting money printing, there are not enough dollars to support this debt structure.”

The Greeks are in a real pickle, but it is one they will [...]

“My goal over the course of the next year is for China to recognize that it is also in their interest to allow their currency to appreciate because, frankly, they have got a potentially overheating economy,” Obama said.

Mr Obama, debt is the problem, not China.
The American government debt is well over $50,000 per American [...]

“.. debating the stages of decline may be a waste of time — it is a precipitous and unexpected fall that should most concern policymakers and citizens … most imperial falls are associated with fiscal crises. Alarm bells should therefore be ringing very loudly indeed as the United States contemplates a deficit for 2010 of [...]

“The FDIC is constantly looking at structures where we can get the greatest opportunity to tap into capital that we have not had the success reaching through previous disposition methods,” FDIC spokeswoman Michele Heller said in an e-mailed statement. “We welcome and work with all investors.”

It should be very very obvious that all future [...]

Niall Ferguson explains that the debt crises we are seeing in the PIIG countries will spread to the United States and the rest of the Western world.

Many marchers carried banners that said, “Working people should not be made to pay for the crisis that we did not create.”

Their government, the banks and the people are to blame, but it seems that the people are getting all of the flak.
The government: They are choosing to borrow from the big banks who will [...]

A small group of U.S. lawmakers planned to offer legislation Thursday to withdraw from the North American Free Trade Agreement in the latest sign of congressional disillusionment with free-trade deals.

Our inability as a Nation to compete with Asian companies really has nothing to do with the salaries of the workers but has much more to [...]

“Without more stringent reforms, “another crisis – a bigger crisis that weakens both our financial sector and our larger economy – is more than predictable, it is inevitable,” Johnson says in the report, commissioned by the nonpartisan Roosevelt Institute.”

One single person doesn’t declare a recession is over, a recession is over when GDP has a [...]

Russia Today interviews unemployed homeless people in a tent city a little bit off the beaten track of New York City as the city itself struggles with double-digit unemployment. So much for the “wall street savior,” huh?

“At least once a week, you hear some Wall Streeter exulting that manufacturing is showing signs of recovery. What he doesn’t tell you is that manufacturing is less than 10 percent of the economy. He won’t mention that sickly consumer-related activity is 75 percent.”

Does anyone think the standard of living that Western societies have been [...]

In this video, the interviewer asks Paul Martin how the monetary system works in Canada. Paul Martin was former Prime Minister of Canada and former Finance Minister. From his responses to the interviewer, it would appear he is as ignorant as the general population is regarding the monetary system in Canada. What a [...]

Fall Of The Republic documents how an offshore corporate cartel is bankrupting the US economy by design. Leaders are now declaring that world government has arrived and that the dollar will be replaced by a new global currency.
President Obama has brazenly violated Article 1 Section 9 of the US Constitution by seating himself at the [...]

“I just picked up tax documents from my CPA. California require me to pay 30% of my estimated tax for the year on 04/15/10 and another 50% by 06-15-10. The balance of 20% is due on 01-15-11.”

California’s debt situation is an example of where it should be made illegal or unconstitutional for a government to [...]