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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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,

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

aerial photo commercial real estate

“The American consumer will no longer be able to serve as the motor for the world economy,” said Soros, 79. One reader wrote in: What if the financial system itself is a scam? I’m 62 years old and for my lifetime I have heard that the cookie jar is empty. That the poor could not [...]

(No Ratings Yet)
Loading ... Loading ...
food inflation prices

“It is our belief that massive price inflation has already begun.”– PR Newswire Just remember people, you can only store so much food for so long. It is very important to learn to produce and store your own food and learn how to collect and use wild foods around your area. Only a few generations [...]

(No Ratings Yet)
Loading ... Loading ...
worlds highest standard of living

A false recovery is under way. I am reminded of the outlook in 1930, when the experts were certain that the worst of the Depression was over and that recovery was just around the corner. The PBS Frontline documentary “The Warning” makes a broader point about the indefensible behavior by Wall Street intelligentsia and in [...]

(No Ratings Yet)
Loading ... Loading ...
biden mouth shut

“We (the United States) tax everything that moves and doesn’t move ..” — Quote from Senator Hillary Clinton. The house of cards is beginning to fall. The numbers and optimism from the White House is unsubstantiated. This morning during Obama’s address he stated there will be even more job losses. These are the first truthful [...]

(No Ratings Yet)
Loading ... Loading ...
large pork spending

“In politics, nothing happens by accident. If it happens, you can bet it was planned that way.” –Franklin D. Roosevelt The Republican bailout has done its job. Executives, and other financial mongrels and others are doing well again, but in yet another clear proof that “trickle down” economic theory is wrong, millions of unemployed Americans [...]

(No Ratings Yet)
Loading ... Loading ...
WELFARE STATE

“this is now the longest technical recession since at least 1955.” The devaluation of the pound sterling in theory should increase exports of goods from the United Kingdom. However, you must consider that raw materials and energy needed to manufacture products whatsoever are likely to be priced in euros and dollars and devaluing the pound [...]

(No Ratings Yet)
Loading ... Loading ...
new zealand bank

“Future Governments will face two basic options. They can either lift economic growth above current assumptions or they can cut spending and reduce public services,” Mr English said. New Zealand is an interesting case study because of its changes throughout the years and its experiments with globalization. In the early 1980s as the Pacific nation [...]

(No Ratings Yet)
Loading ... Loading ...
empty factory

‘We are hollowing out our industrial base.’ — Avery Shenfeld, CIBC economist. CIBC calls for loonie intervention ‘Go pick on some other currency,’ CIBC economist Shenfeld says A high-profile Canadian economist has called on the Bank of Canada to use its reserves to defend the Canadian dollar against speculation in extreme cases. In a report [...]

(1 votes, average: 4.00 out of 5)
Loading ... Loading ...
pbs the warning

Below is a very interesting documentary that we found very informative and educational and thought we’d share it with you, the readers, to spread with other people you know to prove to them that this crisis was manufactured and could have easily been prevented. In The Warning, veteran FRONTLINE producer Michael Kirk unearths the hidden [...]

(No Ratings Yet)
Loading ... Loading ...
closed value city store

“Forecasters predicted a higher reading of 53.1. A reading above 90 means the economy is on solid footing. Above 100 signals strong growth.” — Ashley M. Heher, AP Retail Writer Instead of a white Christmas — a term coined to the holiday season and day of Christmas when snow covers the ground — may be [...]

(No Ratings Yet)
Loading ... Loading ...
elderly counting money

“Today the average couple is struggling with mortgages that are consuming 50% or more of their income.” — Pushing Hamburger Is it any wonder they do not vote as much as old people, and is it any wonder that many do not see a point in attending college for jobs promised but never materialize or [...]

(No Ratings Yet)
Loading ... Loading ...
tortoise and hare

“The Dow is up and many economists see an end to the recession. Try telling that to the rising ranks of those losing their jobs and houses.” — Moira Herbst Investors should not confuse the economy with the stock market, if they both usually follow similar trends. Today, however, the economy and stock markets have [...]

(No Ratings Yet)
Loading ... Loading ...
us debt default australian

”The US dollar is almost becoming like junk bonds,” Australian Joyce said. A default by the U.S. government is a certainty in many analysts’ opinions because there is too much overall debt in their country. Total debt as a percentage of GDP is close to 400% and that’s not counting personal, business, finance, and government [...]

(No Ratings Yet)
Loading ... Loading ...
welcome to nwo

“The global recession created an “export shock” for Germany as world trade fell by about a quarter.” One reader submitted that prices have increased dramatically in the United Kingdom over the last 2 years, but since two months ago the price of bread, rice, flour and milk have increased to 35% (for rice). Things are [...]

(No Ratings Yet)
Loading ... Loading ...

Under the 'fair use' rule of copyright law, an author may make limited use of another author's work without asking permission. Fair use is based on the belief that the public is entitled to freely use portions of copyrighted materials for purposes of commentary and criticism. The fair use privilege is perhaps the most significant limitation on a copyright owner's exclusive rights. "