Your number one source for news about the coming economic depression

‘”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 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 [...]

“By combating our crisis of private debt with an extraordinary expansion of public debt, we inevitably are going to reduce the resources available for national security in the years ahead,” Ferguson said.
Where would we be without such geniuses to inform us of what’s been perfectly blatantly obvious to all but the most idiotic of politicians, [...]

Over the past 25 years, five presidents, and the members of Congress, have participated in the great Social Security scam. All Social Security contributions made by working Americans, except the amount which was needed to pay current retirement benefits, has been funneled into the general fund and used for non-Social Security purposes. [...]

Wang Rong, who is six-months pregnant, is about to leave Beijing for California so she can give birth to her baby in the United States and give the child its first gift – US citizenship.
According to little Tommie Friedman in the New York Times China is supposed to be like heaven whereas America is supposedly [...]

“You certainly don’t need a college to gain knowledge. For example, there’s an outfit called The Teaching Company that hires the very best professors in the world in all sorts of subjects to deliver superb audio courses.”
Unfortunately for students, this year proved very difficult in the job market with record unemployment levels among students. [...]

“The Bank of Montreal has been hit by a huge mortgage fraud in Alberta that may cost it $30 million, a report said. The bank is suing hundreds of people in connection with the scam, including lawyers, mortgage brokers and four of its employees, CBC News said, citing legal documents.”

The case may be the [...]

“With the federal deficit and national debt heading into the stratosphere, taxpayers can no longer afford to support such lucrative government compensation. Public sector pay and benefits at all levels should be reduced to make it comparable to the wages and benefits earned by the average working taxpayer.”

It wouldn’t be too hard to fathom that [...]

“Treasury has merely exchanged a legal right to repayment for an uncertain hope of sharing in the future growth of GM, Grassley wrote. A debt-for-equity swap is not a repayment … In a hearing Tuesday before the Senate Finance Committee, TARP overseer Neil Barofsky confirmed that GM was using Treasury funds to make the loan [...]

“spells of unemployment while young often create permanent scars through its harmful effects on a number of outcomes — happiness, job satisfaction, wages and health — many years later. Moreover, spells of unemployment tend to be particularly harmful to the individual — and to society — when the most disadvantaged youth become unemployed. This involves [...]

“”The high degree of financial stress and the high degree of uncertainty all weigh against a speedy recovery in job creation,” the Washington Post quoted the IMF as saying.”

“Unemployment in industrialized countries will likely remain high this year and next, and central banks should keep interest rates low, the International Monetary Fund said Wednesday. [...]

“don’t forget the difference between U3 (steady at 9.7%), U6 (rose to 16.9%) or even John Williams’ SGS Alternate, which presumable has stayed near 22%. + 162,000 may be the best number in three years”

Statistics rarely show the truth of reality. They can be twisted and manipulated as however the person using them wants. If [...]

“”By working and knowing it wasn’t steady, and it wasn’t going to last long, I cut my own throat,” said Krawiec, 60, of Plainville.’

Unemployment benefit extensions are nice, but to the unemployed it offers little hope, what they would like to hear is how the government is going to restore the jobs that the Elite [...]

“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, [...]