Comparing today’s recession/depression to the 1980 recession

Comparing today's recession/depression to the 1980 recession

"Much like today, Americans were concerned not only with high unemployment but increasing budget deficits in the early 1980s. A September 1983 Gallup poll found that three-fourths of the public agreed that the federal government's budget deficit was a great threat (42%) or some

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Why savers are getting screwed

Why savers are getting screwed

"Without the intervention of economic policymakers, interest rates would be naturally higher. That would increase the cost of borrowing for businesses and consumers, but there would be some offsetting economic benefits. Savers are getting screwed by the current monetary policy

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Geithner admits USA bankrupt to US Senate

Geithner admits USA bankrupt to US Senate

"Never in our history has Congress failed to increase the debt limit when necessary. Failure to raise the limit would precipitate a default by the United States. Default would effectively impose a significant and long-lasting tax on all Americans and all American businesses

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Real reason for electricity blackouts hitting southern US

Real reason for electricity blackouts hitting southern US

“Large oil companies have for a decade artificially shorted the gasoline market to drive up prices,” said FTCR president Jamie Court. “Oil companies know they can make more money by making less gasoline.” The following article was written by Paul Joseph Watson. He is t

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World economies on verge of currency revaluations to deal with debt

World economies on verge of currency revaluations to deal with debt

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." -- Henry Ford Basically what the world central banks are doing is increasing their money by devaluin

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Is Obama the next Mugabe of Zimbabwe?

Is Obama the next Mugabe of Zimbabwe?

"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 economi

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US raiding foreign countries with dollars, not soldiers

US raiding foreign countries with dollars, not soldiers

""The United States is going to China and saying: we want you to commit economic suicide, just like Japan did. We want you to follow the same thing: we want you to revalue your currency, we want you to squeeze your companies, we want you to go bankrupt,” says Michael Hudson,

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FDIC wants your retirement cash to save banks: Bloomberg

FDIC wants your retirement cash to save banks: Bloomberg

“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

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Canadian government admits recovery never happened

Canadian government admits recovery never happened

“Not only did their stimulus fail to create the jobs of tomorrow, it also failed to protect the jobs of today,” Scott Brison, the opposition Liberal Party’s spokesman for finance issues, said by telephone. "Most of us were shaking our heads in disbelief early last year w

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How Western society is brainwashed and crumbling

How Western society is brainwashed and crumbling

"The cultural embrace of illusion, and the celebrity culture that has risen up around it, have accompanied a growing system of casino capitalism, with its complicated and unregulated deals of turning debt into magical assets, to create fictional wealth for us, and vast wealth f

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Will we see double digit interest rates from the 1980s?

Will we see double digit interest rates from the 1980s?

"And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale." -- Thomas Jefferson Spending is

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Greenspan: credit crunch “by far the greatest financial crisis”

Greenspan: credit crunch by far the greatest financial crisis

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

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end of zionism equals peace

“the Jew-haters have returned. For years the Texas crackpot, Ron Paul, has been attacking America and Israel as imperialist powers — the Great Satan and the Little Satan, and calling for America’s retreat from the battle against our totalitarian enemies. At the recent CPAC conference Paul’s Jew-hating storm-troopers swarmed the Freedom Center’s table to vent [...]

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bernanke greenspan lizards

“Next up for the international web site operator Julian Assange, who has been condemned by many as an Enemy of the State: Assange intends to bring down a major financial institution.” — Mac Slavo What is tremendously comical is all the propaganda that politicians keep feeding us year after year and we pretend we believe [...]

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federal-reserve-note-400

“With just over a month since the QE2 announcement, discussion over the amount, implications and effectiveness of QE2 are almost as prevalent (and moot) as those over the imminent collapse of the MBS system. And the more the printing, the better. One of the amusing debates on the topic has been how much debt will [...]

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chertoff lenin lookalike

“Rep. John J. Duncan Jr., former Chairman of the House Aviation Subcommittee and the current top Republican on the House Subcommittee on Highways and Transit, blasts TSA’s invasive “pat downs” during a speech on the floor of the House of Representatives on November 17, 2010. Duncan also questions the role of lucrative government contracts in [...]

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helicopter dropping greenbacks

“This shadow inventory when released will drive down prices again. Shilling thinks 20-30% lower in 2011. If you are looking to buy a home, you should be looking at some unbelievable deals in 2012 and 2013.” We caught an interview today with Mr. Dudley of the NY Federal Reserve bank and his comments caught our [...]

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quantitative easing bond market

“Depending on the size of the asset purchasing program during the November 3rd, 2010 FOMC meeting, a large QE2 could push bond yields higher and push prices lower over the long-term. This is as a result of investors demanding a higher yield over time due to a large asset purchase program leading to a higher [...]

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flushing money down the toilet

“”The Fed’s best hope seems to be trying to convince investors that short term interest rates are going to remain lower for longer than they currently expect or that inflation is going to be higher. The most likely outcome is that the Fed will buy $500 billion of Treasury securities over the next six months [...]

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allstate in bad hands

“People are anxious, their finances are in trouble and regrettably they are turning to insurance fraud as a way to shore up their financial difficulties,” said Jim Quiggle, communications director for the Washington, D.C.-based group.” Insurance is the biggest scam going and government laws that ‘assure our security’ come second. Consumers should collectively refuse to [...]

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soviet canuckistan hockey puck

“When the former Liberal government proposed professional hockey subsidies back in 2000, then President of the National Citizen’s Coalition Stephen Harper had this to say: “Canadians are being forced to subsidize millionaire hockey team owners and that’s a misconduct.” Since coming to office, Stephen Harper and the Conservatives have increased the size of the federal [...]

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ectoplasmic deflation

“The government is not helpless here, Morici says. We should be standing up to China by installing our own currency peg and making the dollar cheaper relatively to China’s yuan. This would help trigger inflation in the U.S., because Chinese imports would become more expensive, and it would also accelerate the growth of our exports.” [...]

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401k nest egg cracked

‘”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 [...]

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unemployment rate up

“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 [...]

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thomas train deflation

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 [...]

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bush behind nuclear bomb

“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 [...]

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