Your number one source for news about the coming economic depression

“We’re on the cutting edge here. We’re the tip of the spear,” said Magdalena Prado, Maywood’s community-relations officer, who works for the city as a contractor. In Canada, “I’m gonna go over this with a fine-tooth comb — it isn’t over,” an angry CUPE Local 82 president Jim Wood said of the staff [...]

“Up to 60,000 police officer jobs could be lost in the next five years as the government seeks to eliminate the national debt, according to research published today.”
What are some solutions to this budget crisis? make the existing officers more effective. Stop the theatrics involved in a pulling over a motorist to issue a [...]

Batts said the 80 officers slated to be laid off – mostly new officers – are “pretty sad and pretty depressed,” and those feelings are shared by the Police Department as a whole.
Sadly during the coming economic depression we’ll be seeing more and more of our men in blue being laid off to [...]

“I don’t know that I’ve every heard a gloomier picture painted that created more hope for me,” said Arkansas Gov. Mike Beebe (D). I have no idea what’s going to happen on Election Day but it’s going to be disruptive . . .,” he said. “It’s going to be a big wake-up call around the [...]

Free Trade is not about manufacturing. It is about allowing the Rich Folks unfettered access to banking centers and investment houses off shore. It is about the establishment of a world government with common humans nothing more than livestock to be used.
Free Trade is an “Impossible Ideal”. It was a lie! A Charade because [...]

“Briet said he hasn’t heard from BP or its lawyers. He said the claims people have been given so much conflicting information about the process [getting paid] that they can’t provide answers. “They couldn’t tell me,” he said. “And I said, ‘I’ve got 500 people I’m meeting on Saturday. They want to know what [...]

According to this article, Shaul Mofaz, an Israeli cabinet minister and former military chief and defence minister has said in a published interview that “Israel would have no choice but to attack Iran if it doesn’t halt its nuclear program.” The article then goes on to say that “Mofaz has been Israel’s representative in a [...]

Madrid mayor Alberto Ruiz Gallardon criticised unions for not living up to a binding agreement to provide at least 50 per cent service. “They do not have the right to do what they are doing to all the people of Madrid. I think we are in an emergency situation now in Madrid,” he told [...]

“An overwhelming majority of people in Ontario and British Columbia oppose the HST, with most believing the biggest winners from the new tax will be the provincial and federal governments, according to results of the latest poll.” Van Sun
July 1st, Canada’s “independence day,” is around the corner (actually it’s tomorrow), but there’s not much of [...]

Three of Mexico’s border cities have been rocked by riots. Hundreds of protesters taking to the streets demand the Mexican army leave their towns.
Texas will receive 250 of the 1,200 troops being deployed to the border. The guardsmen are being trained for duty along the U.S. – Mexico border in Texas.
Another 224 troops will [...]

“The US has heavily criticized German austerity measures in recent days. Now, Germany’s finance minister has fired back, warning against becoming addicted to deficit spending and noting that history has made the country extremely wary of national debt and inflation.”
In a culture whose economy is predicated on ‘consumption’, any ‘austerity’ measures can only further dampen [...]

“Crist is asking ill-informed beachgoers to endanger their health so the state’s tourism industry can be saved. “The Escambia County Health Department lifted a health advisory on Pensacola Beach on Friday on the advice of a beach official and against the advice of a federal environmental official,” reports PNJ.com. “
People of the Gulf states must [...]

“Investors should be preparing for a financial “cliff-edge” as the Eurozone and the US prepare for “monster” money printing exercises, according to RBS.” –MM
In a note to investors last week, RBS head of European rates strategy Andrew Roberts tells investors to move to government bonds and gold in preparation for a second global dip.
He says: [...]

“Mr Monks, now head of the European TUC, said: ‘I had a discussion with Barroso last Friday about what can be done for Greece, Spain, Portugal and the rest and his message was blunt: “Look, if they do not carry out these austerity packages, these countries could virtually disappear in the way that we know [...]

“You can’t take a country that’s over-borrowed and make it more creditworthy by lending it more money,” he said. “They’re throwing Greece further and further and further in the hole by not addressing the problem directly and properly.” Asked when a Greek default could happen, Weinberg answered: “at High-Frequency, we are advising people to [...]

“According to several reports, a spokesman for the new prime minister of Hungary, a member of the European Union that does not use the euro currency, said that talk of a Hungarian default is not “an exaggeration.”

Hungary truly is a welfare state. It’s a nation of 10 million that has three million pensioners. Besides money [...]

“America, Britain, Japan, Germany, France, Sweden, Holland, Norway, Canada and Australia make up the Fishmongers Group and their meeting on Tuesday will deliberate on the state of the inclusive government, debt relief, public finance administration and the controversial economic indigenisation regulations. “Zimbabwe has no elected government. The coalition government has failed to implement the [...]

“Europe’s top job-creator only two years ago, Spain now has the region’s highest unemployment rate, at just over 20 percent, and is the slowest of the major economies to emerge from the global recession. Meanwhile, the ratings agency dealt a blow to state efforts to shore up confidence in its finances by cutting the [...]

“We [Miami] are not the only city, municipality to be going through this. It looks like Los Angeles sometime next week or the week after will be going bankrupt. It looks like there will be 30 more cities following suit.” New Jersey Governor Chris Christie said the state is “careening our way toward becoming [...]

“That’s an incredible surge,” Adrian Aguirre, an economist at Caracas-based Bancaribe SA, said in a telephone interview. “The fact that food prices rose by more than 11 percent is something we’ve never seen in the last decade.”

Consumer prices rose 5.2 percent in April from March, according to the central bank’s benchmark Caracas price index, released [...]