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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austerity for middle class meat market

Outlining the £81bn cuts package, Mr Osborne vowed to restore “sanity to our public finances and stability to our economy”. He told MPs: “Today is the day when Britain steps back from the brink, when we confront the bills from a decade of debt. “It is a hard road, but it leads to a better future.”

Costs rise partly due to massive increases in populations not just in the U.K. but also around the world including Canada. Why do governments not look at stopping the large increases in populations due to immigration and simply stop immigration until major debt problems are under control?

Obviously with the kinds of cuts that are going to be devastating to those made redundant, those not receiving services needed that are also cut, creating a very large populace with great discontent. We should all see multi-cultural nations as beneficial as we are richer for them, but if by creating costs that are needed for providing services to that very large immigrant population which increase national debt, then it seems simple; just close immigration for perhaps two years. The kind of budget savings that may create would be an interesting statistic.

That the Royal family will be taking ‘cuts’ over four years, given their great wealth, it is hard to understand why their cuts cannot be instituted within 6 months instead. Cuts to their budgets may just include not having massive homes uninhabited for most of the year, vehicles sitting in storage for nothing other than an outing once a year and many staff that run around ‘taking care’ of these competent adults who could take care of themselves!

The “Jewish” Conspiracy is British Imperialism by Henry Makow

The real villains are at the heart of our economic and cultural life. They are the dynastic families who own the Bank of England, the US Federal Reserve and associated cartels. They also control the World Bank and IMF and most of the world’s Intelligence agencies. Their identity is secret but Rothschild is certainly one of them. The Bank of England was “nationalized” in 1946 but the power to create money remained in the same hands.

England is in fact a financial oligarchy run by the “Crown” which refers to the “City of London” not the Queen. The City of London is run by the Bank of England, a private corporation. The square-mile-large City is a sovereign state located in the heart of greater London. As the “Vatican of the financial world,” the City is not subject to British law.

On the contrary, the bankers dictate to the British Parliament. In 1886, Andrew Carnegie wrote that, “six or seven men can plunge the nation into war without consulting Parliament at all.” Vincent Vickers, a director of the Bank of England from 1910-1919 blamed the City for the wars of the world. (“Economic Tribulation” (1940) cited in Knuth, The Empire of the City, 1943, p 60)

The British Empire was an extension of bankers’ financial interests. Indeed, all the non-white colonies (India, Hong Kong, Gibraltar) were “Crown Colonies.” They belonged to the City and were not subject to British law although Englishmen were expected to conquer and pay for them.

The Bank of England assumed control of the U.S. during the T.R. Roosevelt administration (1901-1909) when its agent J.P. Morgan took over 25% of American business. (Anton Chaitkin, Treason in America, 1964)

According to the “American Almanac,” the bankers are part of a network called the “Club of the Isles” which is an informal association of predominantly European-based royal households including the Queen. The Club of the Isles commands an estimated $10 trillion in assets. It lords over such corporate giants as Royal Dutch Shell, Imperial Chemical Industries, Lloyds of London, Unilever, Lonrho, Rio Tinto Zinc, and Anglo American DeBeers. It dominates the world supply of petroleum, gold, diamonds, and many other vital raw materials; and deploys these assets at the disposal of its geopolitical agenda.

Its goal: to reduce the human population from its current level of over 5 billion people to below 1 billion people within the next two to three generations; to literally “cull the human herd” in the interest of retaining their own global power and the feudal system upon which that power is based.

Historian Jeffrey Steinberg could be referring to the US, Canada and Australia when he writes, “England, Scotland, Wales, and, especially, Northern Ireland, are today little more than slave plantations and social engineering laboratories, serving the needs of …the City of London…

John Joseph from England writes:

“I was in England just outside London in the ’80s on business. My title over here in Canada was Senior Biomedical Engineering Technologist for the Hospital Council of Metropolitan Toronto which would be a ‘hands-on’ job.

After being at the business in Hertfordshire for a couple of days I finally ran across the owner and the man who’s name was on the company. I said ‘good morning’ and stretched out my hand to him as he walked by me in full view of the secretarial pool in the front office. He ignored me as if I didn’t exist. I asked the gals in the office what was that all about? They said he would never talk to me as I wasn’t in his ‘class’! He was an Eaton grad and I was a ‘colonial worker’ and he would NEVER consider EVER talking to me directly, only through a intermediary.

We Canadians died to keep Britain free from Germany twice and this the way those pricks treat us? I’m also a veteran and I consider that snub, a snub on all Canadians who died ‘over there’. As far as I’m concerned the whole place could go broke tomorrow. The class system is very much alive and sick in Great Britain. They deserve everything they get. My father in law served in England in WWII and he never wanted to ever go back. He couldn’t stand the British and their ‘we’re better than you ,you’re just a colonial’ attitude. I didn’t believe it until I had it happen to me. The sooner we get rid of the Crown and go out on our own the better.”

Spending Review: Osborne wields axe by BBC News

Chancellor George Osborne has unveiled the biggest UK spending cuts for decades, with welfare, councils and police budgets all hit.

The pension age will rise sooner than expected, some incapacity benefits will be time limited and other money clawed back through changes to tax credits and housing benefit.

A new bank levy will also be brought in – with full details due on Thursday.

Mr Osborne said the four year cuts were guided by fairness, reform and growth.

But shadow chancellor Alan Johnson, for Labour, called the review a “reckless gamble with people’s livelihoods” which risked “stifling the fragile recovery” – a message echoed by the SNP, despite smaller than expected cuts in Scotland.

Mr Osborne ended his hour-long Commons statement by claiming the 19% average cuts to departmental budgets were less severe than expected. This is thanks to an extra £7bn in savings from the welfare budget and a £3.5bn increase in public sector employee pension contributions.

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