Your number one source for news about the coming economic depression

“Today’s emerging markets [China, South Korea] will soon be submerging markets.”
Stress test results for the biggest European banks were recently released, while the largest U.S. banks took their first stress tests in May 2009. But most people don’t really care how much stress their banks are under; they are more worried about their own stress [...]

“”We’re hitting on all cylinders as far as symptoms that have led other great powers to decline or collapse: resource depletion, damage to the environment, climate change, those are the same things that affected other great societies,” he said.”
According to the Washington Post: From the outside, Jerry Erwin’s home in the northwestern US state [...]

“Already long ago, from when we sold our vote to no man, the People have abdicated our duties; for the People who once upon a time handed out military command, high civil office, legions — everything, now restrains itself and anxiously hopes for just two things: bread and circuses” — (Juvenal, Satire 10.77–81)
By Alex Jones [...]

“The result of currency devaluations can be boiled down prosaically: savers get screwed. Remember, it is the Baby Boomers who have the largest accumulation of savings- either in the form of savings accounts, bonds, or home equity- and therefore, the most to lose from a devaluation. ” Contrarian
Governments seem to forget that one must [...]

Food staples like rice nearly tripled in six months and at times increased 50% in just two weeks, primarily because of record oil prices and a weak dollar in 2008.
Presumably the rise in cost is due to the balance of supply and demand. Presumably too, the rise in production of biological fuels and other [...]

“Ontario says healthcare could eat up 70 percent of its budget in 12 years, if all these costs are left unchecked. “Why are we paying more or the same for cataract surgery when it costs substantially less today than it did 10 years ago? There’s going to be a finer look at what we’re paying [...]

“Shane Granier, a wildlife biologist, was dispatched by the state’s wildlife and fisheries department to Venice nine days ago. “The mood is apprehension,” Granier said as we sheltered with oil spill responders and fishermen under a metal awning on the marina. “Always being on standby, ready to go, and never going.”

THIS SMALL community of 2,000 [...]

Millions of people from countries across the world have begun to wake up to the very real threat of repressive and engineered Globalism, or what the financial elite and the politicians who work for them often refer to as “The New World Order”. The movement against this centralization of economic and social power has gained [...]

“Every socialist and fascist regime in history has put up walls to prevent flight by people and capital. This is why people and capital are flying now, while they still can. In so doing, they are inspired by the writings of the American revolutionaries. The difference is that they have decided that living in the [...]

“These alarming numbers should be considered along with findings in another recent Pew research study entitled “The People and Their Government,” released April 18. This report finds that “by almost every conceivable measure Americans are less positive and more critical of government these days.”

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

“Inflation is the number one threat to the US economy? Ask the mainstream experts, and this statement is in no way a fabrication of the truth; it is truth itself.”

In the U.S., this is but stage two of the depression. As you may recall, stage one was where smart people bet against the mortgage system [...]

“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 [...]

Andrew Neather, who worked for Mr Straw when he was Home Secretary, and as a speech writer for Mr Blair, claimed a secret Government report in 2000 called for mass immigration to change Britain’s cultural make-up forever.

The damage is done. There is no return to the “old days.” Just like in Italy, France, hell, all [...]

Deutsche Bank chairman Josef Ackermann said “we will all be losers” if governments clamp down on markets too zealously: “The pendulum might have swung too far,” Ackermann warned. “Consistent and global rules, and a level playing field is absolutely key to the global economy.”

Is he suggesting that regulating banks would be bad because it [...]

Let this be a Warning to you I last checked one of my banks safety some six or so months ago it had a Good rating it has now fallen to a D- things can change quickly.

American households have lost $11 trillion in wealth since the peak in the bubble.

Below are some highlights from an article by My Budget 360. NOTE the $11 TRILLION DECLINE IN MAIN STREET WEALTH vs. how the Banksters are doing! Budget 360 is the same source that identified the great divide between Wall Street and Main [...]