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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wal-mart sad face

“U.S. consumers face “serious” inflation in the months ahead for clothing, food and other products, the head of Wal-Mart’s U.S. operations warned Wednesday.” The world’s largest retailer is working with suppliers to minimize the effect of cost increases and believes its low-cost business model will position it better than its competitors. Still, inflation is “going [...]

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fallout cloud to USA

“California is closely monitoring efforts to contain leaks from a quake-damaged Japanese nuclear plant, a spokesman said Saturday, as experts said radiation could be blown out across the Pacific.” Our deepest sympathies to the Japanese people, but the Japanese government must be held accountable for the massive cover-up and mismanagement of the nuclear crisis. It [...]

(1 votes, average: 5.00 out of 5)
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9142008meltdown

Europe’s energy commissioner Guenther Oettinger dubbed the nuclear disaster an “apocalypse”, saying Tokyo had almost lost control of events at the Fukushima power plant. Explosions and a fire at Japan’s quake-hit nuclear plant have unleashed dangerous levels of radiation, sparking a collapse on the stock market and panic-buying in supermarkets. Tokyo stocks, punished on Monday [...]

(1 votes, average: 5.00 out of 5)
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precious metals investments

“”People sense that in the era of quantitative easing and zero interest rates, something has gone haywire with our monetary policy. But people are afraid to say it,” said Bell. “If one state recognizes gold as a valid currency, I think it would embolden people not just in other states but in Washington.” — Jeff [...]

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xlarge_japan-quake

“This super destructiv­e Japan earthquake is going to cause American interest rates to jump a percent or two or three — possibly more. Indeed, the Japanese are the number one buyer of U.S. debt bonds. Can’t they cash a load of them in to redeem for reconstruction cash? If they try that the Americans will [...]

(2 votes, average: 5.00 out of 5)
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silver haven

“particularly gold and silver, are likely to remain underpinned as concerns about the stability of the Mideast region continue and investors opt for safe-haven asset types,” said James Moore, analyst at FastMarkets. As usual the report fails to adjust for the increase in the price level, when comparing silver’s price today and in a former [...]

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“We could see $220 a barrel should both Libya and Algeria halt oil production. We could be underestimating this as speculative activities were largely not present in 1990-1991,” said Michael Lo, the bank’s oil strategist. Commodity analysts at Nomura Holdings Inc. said. Brent crude prices could double to $220 per barrel in the coming weeks [...]

(2 votes, average: 2.00 out of 5)
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union_vs_antiunion

“What is happening in Wisconsin clearly shows a disconnection with reality in an economy that has forced many private-sector workers into lower wages and reduced benefits, if they were lucky enough to keep their jobs at all. The outcome of this battle could impact other states where cuts are looming, as well. As this story [...]

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protectionism wall

“Zoellick said he expects food prices to continue to rise, and that export bans and weather disruptions are partly to blame.” He also said global food prices have hit “dangerous levels” that could contribute to political instability, push millions of people into poverty and raise the cost of groceries. After watching the quality of food [...]

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diversification

Just because investment banks and stock brokerages say you should diversify doesn’t make it true. For the knowledgeable investor, diversification for its own sake merely reduces profits. So, if you’re an independent thinker, what are your alternatives? Talk with an investment advisor, and what’s the first piece of advice you will hear? Diversify your portfolio. [...]

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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 [...]

(3 votes, average: 5.00 out of 5)
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america split up

“I still don’t see a sense of urgency from the president about the massive federal debt,” said Sen. Lamar Alexander, Tennessee Republican. “His budget calls for too much government borrowing – even though the debt is already at a level that makes it harder to create private-sector jobs.” — Washington Times President Obama projects that [...]

(1 votes, average: 5.00 out of 5)
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city of rio

“Brazil certainly has a lot of potential, and has started to capitalize on it. We believe they’re in a great position to become a solid performer: fantastic natural resources, very advanced technologically, lots of know-how in the industry and a great pool of human resources (scientists and engineers in particular).” Indeed, Brazil’s GDP has already [...]

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canadian housing upside down

“The worst stimulus the government provided has not even hit the balance sheet. It was CMHC providing access to cheap credit for previously unqualified borrowers.” In 2009, CMHC’s guarantee business broke even at best. CMHC made money, but only because they could borrow at government rates and used the money to buy mortgages at higher [...]

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