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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obama not crook

Zero Hedge has an excellent article Origins of an American Kleptocracy you should read it goes a long way in detailing the deep capture of our government by the TBTF banks.  However, before the election little was said about Obama’s payoffs excuse me I mean donations.  There was an article on the democratic underground (after seeing the responses it received it is easy to see why some refer to it as the dummies underground)posted before the election but it was shouted down and hardly anyone paid any attention to how long they had been paying him off sorry there I go again donating to him.

If  you were wondering why Obama recently said his greatest achievement thus far is bailing out the banks clicking on the links will clear that up! It is only recently that the left began to whine about Obama’s Big Sellout.  Did you know O has a favorite banker? Thats right long time payoff banker Jamie Dimon (JP MORGAN). It pays to donate he was gifted Wa Mu.

According to Matt Taiibi they are like vampire squids . It seems eerily similar to Mafia like tactics wiping out the competition or Chicago style politics there seems to be little difference in my opinion thereby consolidating their power.  The left is now talking about disconnect from the reality of what the President is versus who they thought him to be.  Sadly the information was available before the election but no one wanted to look into the Manchurian candidate.  Of course before the election they chose to cry Racist time and again when negative information was disclosed.

The Banksters payback is not over either in a late day news dump right before the Christmas vacation in Hawaii (the cost of that alone could fill many of those food shelves he purports to worry about so much) he sneakily announced a continuing back door bailout for the Banksters via Fannie/Freddie enabling them to offload their toxic loans onto you the taxpayer. It is the gift that keeps on giving and costing you more. Oh and one more thing about that bailout billions NOT even close try Trillions the American Kleptocracy and O is the money master. Jump You F*#kers Jump and take our paid off politicians with you!

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