Your number one source for news about the coming economic depression

“Trade protectionism is obviously intensifying with some countries using self-innovation, government procurement and the yuan exchange rate to exert pressure on China.” — Mr Zhang Ping minister of the National Development. Yes, free trade is communism. Watch the video below
Everyone is talking about the economy lately (and no surprise there). We are all [...]

“While a 25% decline is unprecedented in modern times, some economists are beginning to talk about it. “We now see potential for another 25% to 30% downside over the next two years,” says David A. Rosenberg, North American economist for Merrill Lynch (MER), who until recently had expected a much smaller slide. “
Sickening isn’t it? [...]

“We’ve been here the whole night,” she said, as rain clouds threatened to soak those in line. “We just don’t want to lose our home.” — Kimberley Miller
Property was for centuries a place to be home (even a second home for immediate & extended family), raise a family, work in, work the land, a place [...]

“.. J.D. Power predicted the retail selling rate — sales through dealerships, as opposed to the less lucrative fleet business — dropped to 8.9 million light vehicles from 9.2 million in July. “The economy is the big cause,” said J.D. Power forecasting director Jeff Schuster.”
When I see so many vehicles on a dealership lot, [...]

Thomas Hoenig said Friday that interest rates near zero were “a dangerous gamble” in a period of moderate growth. Meanwhile, the Hindenburg Omen creator pulled entirely out of the stock market. Do these people know something we don’t?
Finally – a Federal Reserve board member with some integrity and courage to tell the truth. The [...]

“Positive gross domestic product readings and other mildly hopeful signs are masking an ugly truth: The US economy is in a 1930s-style Depression, Gluskin Sheff economist David Rosenberg said Tuesday. Writing in his daily briefing to investors, Rosenberg said the Great Depression also had its high points, with a series of positive GDP reports and [...]

““We’re printing money, we’re spending money, we have not reformed Washington. They’re destined to destroy the dollar, which means not that the gold price is going up, but the value of gold will be maintained. The value of the dollar is destined to go down.””
Dr. Ron Paul speaks with Goldseek Radio about government tracking of [...]

‘”The current economy has forced some workers to borrow from their 401(k) accounts in order to pay for critical living expenses, ultimately jeopardizing their future retirement,” said James MacDonald, president of workplace investing for Fidelity Investments.’”
It should be very very obvious that all future money will be in the hands of the globalist elites who [...]

“The dollar fell after more Americans than expected filed applications for unemployment benefits last week, signaling concern the recovery in the world’s biggest economy is slowing.” — SfGate
The US is in denial. They are struggling with a faltering economy and looking for solutions while ignoring the source of the problem and that problem is the [...]

“People wonder why there are no jobs yet they continue to pile into service industries with the false promise by politicians of job stability. The problem here is that services do not produce wealth.”
Based on all available evidence, it seems the Western/American public wants to be misled. They have chosen ignorance over knowledge and [...]

For people who so-called predicted this downturn (probably predicted it 1 year ago), they certainly are missing the real threat. No it’s no inflation, it’s deflation. Ever wonder why the US dollar is increasing in value while everything else crashes in price? (housing, oil, and all other commodities?). It’s called deflation, and something much worse [...]

“The world risks a crisis legacy of a “lost generation” of young people who dropped out of the job market, the organization added in its report. “The effects of the economic and financial crisis threaten to exacerbate the pre-existing decent work deficits among youth,” Somavia said.” — International Labor Organization
Global youth unemployment has hit [...]

“This is what happens when you run a massive Ponzi scheme for six decades straight, taking ever larger resources from the young and giving them to the old while promising the young their eventual turn at passing the generational buck. ” — Laurence Kotlikoff
“Let’s get real. The U.S. is bankrupt. Neither spending more nor taxing [...]

“The length of these benefits is unprecedented, they are already over three times longer than the longest previous extension of benefits. The benefits are also larger, with health insurance also being subsidized for the first time.”
Marx and Engels were right… the end of capitalism is finally here.
Now if we only had elected officials who [...]

Here’s a real unconventional idea. Have economic policy that allow for the wealth of the nation to be accessible to all who work. Instead of the present unidirectional movement of the nations wealth to the elite few. The more economic power that is being put into fewer and fewer hands does not serve the needs [...]

“At the news conference Booker also quoted as saying, “Call me Mr. Scrooge, if you want, but they’ll be no Christmas decorations around the city.”
The average taxpayer sees government waste every day, yet the politicians are blind to it.
It’s not a matter of cutting a hundred million here and there. It’s a matter of stopping [...]