Archive for the ‘Depression 2.0’ Category

The U.S. Gold Hoard, China, Greenspan and Fiat Money

aa-Alan Greenspan - 7-22-05 So the markets are rigged. How come nobody is making a point of this? They are all in bed together and they are all in bed to scr*w ‘we the people’ by keeping their phony fiat currencies. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/10/3_Celente_-_The_US_Gold_Hoard,_China,_Greenspan_%26_Fiat_Money.html


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More Bad News From the Jobs Front

aa-workforce Let’s overlook the contribution of the discredited “birth-death model” which overstates on average the monthly payroll jobs by at least 50,000, and let’s ignore the manipulation of seasonal adjustments. Instead, let’s assume the numbers are real. What kind of economy are we looking at? We are looking at the workforce of a third world country with the vast bulk of the jobs in low-pay domestic service jobs. People working these part-time and independent contractor jobs cannot form a household or obtain a mortgage. http://www.paulcraigroberts.org/2014/10/03/bad-news-jobs-front-paul-craig-roberts/


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There Goes the ‘Housing Recovery’: Record Few Americans Think ‘Now is a Good Time to Buy a Home’

aa-housing market - array of for sale signs When one thinks “recovery”, some of the images envisioned include a healthy labor market (not one saturated by part-time, low wage jobs), rising earnings (not wages that have stagnated for years and in real terms are at Lehman levels) and a vibrant housing market in which new home buyers enter with confidence, and where mortgage loans are abundant and available to qualified creditors. One certainly does not imagine a housing “market” dominated by Chinese, Russian and Arab monely-laundering oligarchs, where half of all transactions are “all cash”, and where, as Fannie Mae just reported, the number of Americans who said “now is a good time to buy a home” plunging to 64% – the lowest print in survey history! But then again, aside from the handful of Americans the bulk of whose net worth is in financial assets, accessible right here and right now (and the balance who are deluded that their equity-invested retirement assets will be worth something in real terms in 20, or even 10 years), nobody really pretends any more there is a recovery. As for the housing market: stick a fork in it. http://www.zerohedge.com/news/2014-09-08/there-goes-housing-recovery-record-few-americans-think-now-good-time-buy-home


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Is the $5 Bill the New $1 Bill?

aa-dollar - Washington w hands on his head Events, food purchased away from home and live entertainment are increasingly unaffordable to the bottom 90%. http://www.oftwominds.com/blogaug14/fiver8-14.html


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This is Your Recovery and This is Your Recovery Without Drugs

aa-banksters - w uncle sam on wall street We had a choice. We could have bitten the bullet in 2008 and accepted the consequences of decades of decadence, frivolity, materialism, delusion and debt accumulation. A steep sharp depression which would have purged the system of debt and punishment of those who created the disaster would have ensued. The masses would have suffered, but the rich and powerful bankers would have suffered the most. Today, the economy would be revived, saving and investing would be generating needed capital for expansion, and banks would be doing what they are supposed to do – lending money to businesses and individuals. Instead, the Wall Street bankers won the battle and continue to pillage and loot the national wealth while impoverishing the masses. The arrogance, hubris and contempt for morality displayed by the ruling class is breathtaking to behold. They think they are untouchable and impervious to norms followed by the rest of society. They may have won the opening battle, but will lose the war. Discontent among the masses grows by the day. The critical thinking citizens are growing restless and angry. They are beginning to grasp the true enemy. The system has been captured by a few malevolent men. When the stock, bond and housing bubbles all implode simultaneously, all hell will break loose in this country. It will make Ferguson, Missouri look like a walk in the park. I wonder if the occupants of the Eccles building in Washington DC will get out alive. http://www.theburningplatform.com/2014/08/18/this-is-your-recovery-and-this-is-your-recovery-without-drugs/


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14 Reasons Why the U.S. Economy’s Bubble of False Prosperity May Be About to Burst

aa-bubble - being pricked A major event just happened in the financial markets that we have not seen since the financial crisis of 2008. If you rely on the mainstream media for your news, you probably didn’t even hear about it. Just prior to the last stock market crash, a massive amount of money was pulled out of junk bonds. Now it is happening again. In fact, as you will read about below, the market for high yield bonds just experienced “a 6-sigma event.” http://www.silverdoctors.com/14-reasons-why-the-u-s-economys-bubble-of-false-prosperity-may-be-about-to-burst/


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How the Global Financial System Will Collapse

aa-financial disaster - tornado of currency One day out of the blue, the Global Financial System will collapse plunging the world’s economies into a depression for which there is no recovery. The reason for this sudden collapse will be due to a factor that most analysts fail to recognize or understand. While the mainstream media and alternative analyst community focus on the typical economic indicators, monetary system, derivatives and debt markets… the real problem for the world financial system will be the rapid change in the “PERCEPTIONS” of assets by investors and the public. The coming abrupt change in market perceptions of paper assets will force investors to move into physical assets such as gold and silver to protect wealth as best they can. This event will likely occur rather quickly — virtually overnight. http://www.silverdoctors.com/srsrocco-how-the-global-financial-system-will-collapse/


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Too Big to Fail Has Not Ended — It’s Only Gotten Worse

aa-Paul Krugman idiot Last week, Paul Krugman said too big to fail is over: There was indeed a large-bank funding advantage during and for some time after the crisis, but it has now been diminished or gone away — maybe even slightly reversed. That is, financial markets are now acting as if they believe that future bailouts won’t be as favorable to fat cats as the bailouts of 2008. http://www.washingtonsblog.com/2014/08/bigger-failer.html


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Substituting Debt for Income is Not Success–It’s Failure on an Epic Scale

aa-Depression 2.0 - now in color good one The economic “recovery” has been based on a simple premise: debt can be substituted for income with no ill effects. As real household incomes have declined, the legitimate foundation of additional spending–more income–has eroded for the bottom 90%. Even the ephemeral foundation of additional debt-based spending–the Fed’s beloved wealth effect–has eroded for all but the thin layer at the very top of the wealth pyramid. To replace this diminished income, the Status Quo has substituted debt as the source of additional spending: household debt, corporate debt and government debt. But debt is not income. Rather, debt requires income to be diverted to pay interest and principal. So substituting debt for income ends up further depleting declining income. http://www.oftwominds.com/blogjuly14/income-debt7-14.html


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Deadbeat Nation: A Shocking 77 Million Americans Face Debt Collectors

aa-credit cards We have been warning for years that as a result of the Fed’s disastrous policies, America’s middle class is being disintegrated and US adults are surviving only thanks to insurmountable debtloads. But not even we had an appreciation of how serious the problem truly was. We now know, and it is a shocker: according to new research by the Urban Institute, about 77 million Americans have a debt in collections. http://www.zerohedge.com/news/2014-07-29/deadbeat-nation-shocking-77-million-americans-face-debt-collectors


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When You See This Happen, You’ll Know It’s Game Over for the Dollar

aa-dollar - falling like dominos Today, 70 years after Bretton Woods, leaders from China, Russia, India, Brazil, South Africa, and several other nations are hard at work in Fortaleza, Brazil creating a new development bank that will compete against the U.S.-controlled World Bank. This is a major step in an obvious trend towards a new financial system. Every shred of objective data is screaming for this to happen. Within the next 2-3 years we’ll start seeing trade settlement in renminbi, even when none of the parties are in China. http://www.silverdoctors.com/when-you-see-this-happen-youll-know-its-game-over-for-the-dollar-i-give-it-2-3-years/


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The Deteriorating Economic Outlook

aa-Uncle Sam - you cant handle the truth very fat uncle sam Massive money creation and huge fiscal deficits have protected the balance sheets of “banks too big to fail” but have harmed the American people. Retirees and pension funds have been deprived for years of interest income as the Federal Reserve engineered zero or negative interest rates for the sake of a handful of oversized banks. The extraordinary creation of new dollars diluted the dollars held by peoples, companies, institutions, and central banks throughout the world, raising fears that the dollar would lose exchange value and its role as world reserve currency. Washington’s use of financial sanctions to force other countries to bend to Washington’s will is causing countries to leave the dollar payments system. Russian President Vladimir Putin’s advisor has said that the dollar must be crashed as the only way to prevent US aggression. The Chinese have called for “de-americanizing the world.” http://www.paulcraigroberts.org/2014/07/08/deteriorating-economic-outlook/


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Why Housing Will Crash Again — But For Different Reasons Than Last Time

aa-housing bubble - bankster induced good one Institutionalizing the speculative excesses that inflated the previous housing bubble has fed magical thinking and fostered illusions of phantom wealth and security. The global housing market has been dominated by magical thinking for the past 15 years. The magical thinking can be boiled down to this: A person who buys a house for $50,000 will be able to sell the same house for $150,000 a few years later without adding any real-world value. The buyer will be able to sell the house for $300,000 a few years later without adding any real-world value. The buyer will be able to sell the house for $600,000 a few years later without adding any real-world value. http://www.zerohedge.com/news/2014-07-09/why-housing-will-crash-again-different-reasons-last-time


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Hyperinflation Meets Asset Destruction

aa-move along there is nothing to see When is the system going to break down? The answer is 2008. The tipping point was the Lehman kill in Sept 2008, following the subprime mortgage collapse. It was a death event for the U.S. banking structure, which should have forced liquidation of all Wall Street firms. Then came the Financial Accounting Standards Board relaxation of rules in April 2009, which still permits the big U.S. banks to declare their assets at any value they wish. They hide grotesque insolvency. Their liquidation would not happen, instead zombies walked. http://www.silverdoctors.com/jim-willie-collapse-has-occurred-hyperinflation-meets-asset-destruction/


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Stone Cold Proof That Government Economic Numbers Are Being Highly Manipulated

aa-government - lies good one How in the world does the government expect us to trust the economic numbers that they give us anymore? For a long time, many have suspected that they were being manipulated, and as you will see below we now have stone cold proof that this is indeed the case. http://theeconomiccollapseblog.com/archives/stone-cold-proof-that-government-economic-numbers-are-being-highly-manipulated


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The Next Global Meltdown is Baked in: Connecting the Dots Between Oil, Debt, Interest Rates and Risk

aa-Depression 2.0 - now in color good one One of the Grand Narratives of our era is the substitution of debt for income: as earned income and disposable income have stagnated for 40 years, the gap between the rising cost of living and stagnant household income has been filled by borrowed money. Money has been borrowed to replace income everywhere: consumers have borrowed money to buy things they otherwise couldn’t afford, students have borrowed over $1 trillion to attend college, governments have borrowed money to fund wars and social spending, corporations have borrowed money to buy back their own shares, pushing stock prices higher. There’s one little problem with debt: interest must be paid on debt. http://www.zerohedge.com/news/2014-07-01/next-global-meltdown-baked-connecting-dots-between-oil-debt-interest-rates-and-risk


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The Keynesian End Game is Near: No Escape Velocity This Year, Either

aa-American Dream - good cartoon The answer is self-evident. The Wall Street hockey sticks are designed to elicit bullish impulses on main street. Zero interest rates are designed to prop-up risk asset markets—-so that the sheep can once again be led to the slaughter. http://davidstockmanscontracorner.com/13509/


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American Dream, Recurring Nightmare

aa-American dream - George Carlin In response to the U.S. government gearing up to go to war in Iraq again, in spite of the disastrous failure of the last war, Justin Raimondo recently tweeted: “American foreign policy is a recurring nightmare.” The same, unfortunately, can be said for American economic policy as well. The Obama administration seems intent on making a recurring nightmare out of the Inception-style, artificially-induced “American Dream” of widespread government-supported home ownership. http://www.lewrockwell.com/2014/06/dan-sanchez/another-housing-bust-ahead/


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The Generational Short: Banks, Wall Street, Housing and Luxury Retail are Doomed

aa-housing bubble - bankster induced good one The funny thing about core values is that they are resistant to arguments such as “you should get a mortgage and invest all your money in Wall Street.” Once people opt out of the fantasy that buying a house and entrusting one’s capital with Wall Street leads to guaranteed financial security, no amount of cajoling or propaganda will change their values-based decisions. For example, those who have decided to eschew debt will never take on debt, even if the banks (or the banks’ pusher, the government) offer debt at 0% interest. Those who have lost trust in Wall Street or actively hate it and everything it stands for (neofeudalism, unbridled greed, the corruption and collusion of the revolving door between the state and Wall Street, etc.) will never change their minds and hand their money to Wall Street to play with. If the primary assets held by Boomers (houses and stocks) both decline for these fundamental reasons, there may be relatively little wealth left to pass on to Gen-Y. There is a peculiar irony in this: if Gen-Y avoids bank debt/mortgages, buying conspicuous consumption luxury goods on credit and investing in Wall Street’s scams and skims, this generational lack of demand for housing, stocks and luxury goods will effectively crash the sky-high valuations of these assets. http://www.zerohedge.com/news/2014-06-14/generational-short-banks-wall-street-housing-and-luxury-retail-are-doomed


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19 Reasons Why You Can Laugh When Anyone Tells You the Economy is in Good Shape

aa-Obama - laughing Have you heard the one about the “economic recovery” in the United States? It’s quite funny, but it is not actually true. Every day, the establishment media points to the fact that global stock markets have soared to unprecedented heights as evidence that the economy is improving. But just because a bunch of wealthy people have gotten temporarily even richer on paper does not mean that the real economy is in good shape. In fact, as you will see below, things just continue to get even tougher for the poor and the middle class. http://endoftheamericandream.com/archives/19-reasons-why-you-can-laugh-when-anyone-tells-you-that-the-economy-is-in-good-shape


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More Phantom Jobs Created — All in the Wrong Places

aa-government - lies good one My opinion, schooled in part by John Williams’ very precise reports on Shadowstats.com, is that on average about half of the new jobs each month are phantom jobs created by the birth-death model and inappropriate seasonal adjustments. So, I figured that the 217,000 jobs claimed for May are more like 108,000. Then I read John Williams’ report on the May jobs number: “Monthly payroll gains overstated by 200,000 plus jobs” In other words, there were zero new jobs in May. Just as the U.S. government can turn an inconsequential Iraq, Afghanistan, Libya, and Syria into dangerous threats against “the world’s only superpower,” the U.S. government can turn zero jobs growth into 217,000 jobs. It is easy when you have a prostitute media and a gullible public, both of which Washington most certainly has. http://www.paulcraigroberts.org/2014/06/06/phantom-jobs-created-wrong-places/


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Ron Paul: Nothing Orderly About the Currency Collapse That’s Coming

aa-dollar - collapsing like titanic Officials in charge of monetary policy are very aware of what’s coming — they believe as long as it is orderly they will be ok. The problem is when people lose confidence in a currency, they lose confidence completely. There’s nothing orderly about it! There’s always a panic, and that’s hard to manage. There will be a day when people will panic in the financial markets, not only in the dollar, but in the world-wide system. http://www.silverdoctors.com/ron-paul-nothing-orderly-about-the-currency-collapse-thats-coming-it-will-be-a-panic/


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Half the Country Makes Less Than $27,520 a Year and 15 Other Signs the Middle Class is Dying

aa-American dream - George Carlin If you make more than $27,520 a year at your job, you are doing better than half the country is. But you don’t have to take my word for it, you can check out the latest wage statistics from the Social Security administration. But of course $27,520 a year will not allow you to live “the American Dream” in this day and age. http://theeconomiccollapseblog.com/archives/half-the-country-makes-less-than-27520-a-year-and-15-other-signs-the-middle-class-is-dying


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Interest Rate Puzzle

aa-global financial collapse With the first revised estimate of the first quarter U.S. GDP now lowered from an initial 0.1% rise to a 1.0% decline, it is now apparent that the Fed’s stated goal of QE to stimulate the economy has failed. Wall Street and the presstitute financial media insist on blaming the relentless rise in Treasury bond prices — and the concomitant decline in interest rates — on a “short squeeze” in the Treasury market. This is the cover story in order to deflect scrutiny from the real reason for the decline in interest rates despite the Fed’s reduction in bond purchases. The real reason for the large, unexpected decline in interest rates since tapering began in January is that the economy never recovered from the recession that started in 2006. Consequently, current stock prices reflect a recovery that doesn’t exist. http://www.paulcraigroberts.org/2014/06/04/interest-rate-puzzle-paul-craig-roberts-dave-kranzler/


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Markets Pushed Higher to Conceal ‘Grave Danger’

aa-stock market - bull market illustration There is no way we after five years that we should still be at zero interest rates, and allowing markets to do what they are doing with continued Fed manipulation, unless things are very, very dire. I want to be clear about this, what I am saying is that things must be very alarming behind the scenes because the Fed won’t allow any kind of selloff to occur in stocks. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/5/29_Legend_Says_Markets_Pushed_Higher_To_Conceal_Grave_Danger.html

 


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Global War Has Begun, Russia/China Alliance Will Destroy the U.S. Dollar

aa-Russia China Why the yuan is destined to replace the U.S. dollar as reserve currency, and why the quickly growing Russian/Chinese alliance will destroy the U.S. dollar. http://www.silverdoctors.com/jim-willie-global-war-has-begun-russiachina-alliance-will-destroy-the-us-dollar/


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27 Huge Red Flags For the U.S. Economy

aa-financial disaster - tornado of currency If you believe that the U.S. economy is heading in the right direction, you really need to read this article. As we look toward the second half of 2014, there are economic red flags all over the place. Industrial production is down. Home sales are way down. Retail stores are closing at the fastest pace since the collapse of Lehman Brothers. U.S. household debt is up substantially, and in 20 percent of all U.S. families everyone is unemployed. In so many ways, what we are witnessing right now is so similar to what we experienced during the build up to the last great financial crisis. We are making so many of the very same mistakes that we made the last time, and yet our “leaders” seem completely oblivious to what is happening. But the warning signs are very clear. All you have to do is open your eyes and look at them. http://www.zerohedge.com/news/2014-05-21/27-huge-red-flags-us-economy


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Russia Dumping U.S. Treasuries — in Belgium

aa-global financial crisis Belgium is known for its surprises. For example, it got by amazingly well for a couple of years without a national government, and without breaking apart, to the endless chagrin of a lot of people. And it has a great variety of delicious beers, which I amply tested during the three years I was there. But now, that tiny country with a tiny economy is suddenly piling up a mountain of U.S. Treasuries. http://www.testosteronepit.com/home/2014/5/15/russia-dumping-us-treasuries-but-why-the-heck-in-belgium.html


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If Economic Cycle Theorists Are Correct, 2015 to 2020 Will Be Pure Hell For the United States

aa-Depression 2.0 - now in color good one Does the economy move in predictable waves, cycles or patterns? There are many economists that believe that it does, and if their projections are correct, the rest of this decade is going to be pure hell for the United States. Many mainstream economists want nothing to do with economic cycle theorists, but it should be noted that economic cycle theories have enabled some analysts to correctly predict the timing of recessions, stock market peaks and stock market crashes over the past couple of decades. http://theeconomiccollapseblog.com/archives/if-economic-cycle-theorists-are-correct-2015-to-2020-will-be-pure-hell-for-the-united-states


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It’s An Illusion: Here Are the Real Unemployment Numbers

aa-Depression 2.0 - now in color good one As the above chart shows, nearly one in four Americans are without work. That’s quite a disconnect considering the government’s numbers are off by about 265%! Moreover, how is it possible that our economy is officially growing, while everyone in 20% of all American family households is unemployed? http://www.infowars.com/its-an-illusion-here-are-the-real-unemployment-numbers-2/


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Even the Manipulated Government GDP Reveals Recession

aa-government - lies good one We all know the government’s first reported economic number is manipulated to its best result in order for Wall Street shysters to levitate the stock market with their HFT supercomputers. Then subsequent revisions downward are downplayed and ignored. It’s the American way. This figure will be revised into negative territory over the next few months. http://www.theburningplatform.com/2014/04/30/yes-virginia-even-the-manipulated-government-gdp-reveals-recession/


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The Real Unemployment Rate: In 20% of American Families, Everyone is Unemployed

aa-Depression 2.0 - now in color good one According to shocking new numbers that were just released by the Bureau of Labor Statistics, 20 percent of American families do not have a single person that is working. How can anyone not see what is happening to us? America is in the midst of a long-term economic decline, but the mainstream media and most politicians seem to think that things are better than ever. Wake up America. Your middle class is dying. http://www.silverdoctors.com/the-real-unemployment-rate-in-20-of-american-families-everyone-is-unemployed/


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2014 is Turning Out to Be Eerily Similar To 2007

aa-financial disaster - tornado of currency The similarities between 2007 and 2014 continue to pile up. As you are about to see, U.S. home sales fell dramatically throughout 2007 even as the mainstream media, politicians and Federal Reserve Chairman Ben Bernanke promised us that everything was going to be just fine and that we definitely were not going to experience a recession. http://theeconomiccollapseblog.com/archives/exactly-like-7-years-ago-2014-is-turning-out-to-be-eerily-similar-to-2007


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Fed to the Sharks: Housing and the Death of the Middle Class

aa-housing bubble - bankster induced good one The Fed sacrificed the foundation of middle class wealth–stable housing values–to boost bank profits. Middle class wealth was Fed to the sharks. As the current housing bubble deflates, the investor-buyers who fueled the rally are exiting en masse: what’s the value of an asset when the bid vanishes, i.e. there’s nobody left who’s willing to pay today’s prices? The Fed has failed to restore middle class wealth with its latest housing bubble, and the costs of the bubble’s collapse will fall not on the Fed but on those who believed the recovery was more than Fed manipulation. http://www.silverdoctors.com/fed-to-the-sharks-part-2-housing-and-the-death-of-the-middle-class/


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Fed Has Lost Control, Systemic Failure Flashing Warning Signals Now

aa-Dees - federal reserve as spider enveloping world The U..S Federal Reserve has been printing money since 2011 to cover government debt securities in a frenetic manner. They have lost control. They call it stimulus, when it is actually the opposite. It does assist the speculators with nearly zero cost money to borrow, but one must be a club member to win loan grants. The Quantitative Easing programs are deceptive. When the program was initially announced, the Jackass claimed it would be part of an endless sequence. With QE1 and QE2 and Operation Twist and QE3, following the failed trial balloon called Taper Talk, it is quite clear to anyone with an active brain stem and absent rose colored glasses that the Fed is caught in a trap called QE to Infinity. It is not stimulative. Instead, the uncontrollable bond monetization causes capital destruction. It causes economic degradation. It causes lost jobs and vanished income. It is a gigantic wet blanket to smother and destroy the U.S. economy slowly, amidst unending propaganda. QE is the device that will result in Systemic Failure, which is already flashing signals of its arrival. http://www.silverdoctors.com/jim-willie-fed-has-lost-control-systemic-failure-flashing-warning-signals-now/


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Housing and the Death of the Middle Class

aa-middle class - getting poor Lest you think the phrase “death of the middle class” is hyperbole, please examine these two charts, keeping in mind the middle class by definition must be in the middle of income/wealth distribution–conventionally, between 40% and 80%, i.e. the 40% between the bottom 40% and the top 20%. See that little red wedge? That’s the bottom 80%–the entire middle class and everyone below the middle class. http://www.oftwominds.com/blogapr14/Fed-housing4-14.html


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Russian MPs Call for the End of the Petro-Dollar

aa-dollar - collapsing like titanic A group of Lower House MPs are urging Russian oil and gas producers and traders to stop using the U.S. dollar. They say this means sharing profits with the USA, and making Russia vulnerable to western sanctions. “The dollar is evil. It is a dirty green paper stained with blood of hundreds of thousands of civilian citizens of Japan, Serbia, Afghanistan, Iraq, Syria, Libya, Korea and Vietnam,” one of the authors of the motion, Mikhail Degtyaryov of the conservative nationalist party LDPR said in an interview with Izvestia daily. Degtyaryov also said that Russia already had a bilateral agreement with China allowing payment in national currencies and this proved that such step was possible. http://www.silverdoctors.com/russian-mps-call-for-end-of-petro-dollar-the-dollar-is-evil-dirty-green-paper-stained-with-blood/


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The Gold Standard is Returning

aa-gold - coins and bars The Gold Standard will return, not in bank transfer platforms or currency trading platforms, but in peer-to-peer transactions made in settlement. The world demands a new payment system, an alternative to the deeply flawed U.S. dollar-centric current system. Even effective viable barter systems are to emerge. It is coming. It will shake the world. http://www.silverdoctors.com/jim-willie-gold-standard-will-return-it-is-coming-it-will-shake-the-world/


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The Deindustrialization of America

aa-factory - abandoned How long can America continue to burn up wealth? How long can this nation continue to consume far more wealth than it produces? The trade deficit is one of the biggest reasons for the steady decline of the U.S. economy, but many Americans don’t even understand what it is. Basically, we are buying far more stuff from the rest of the world than they are buying from us. That means that far more money is constantly leaving the country than is coming into the country. In order to keep the game going, we have to go to the people that we bought all of that stuff from and ask them to lend our money back to us. Or lately, we just have the Federal Reserve create new money out of thin air. This is called “quantitative easing”. Our current debt-fueled lifestyle is dependent on this cycle continuing. In order to live like we do, we must consume far more wealth than we produce. If someday we are forced to only live on the wealth that we create, it will require a massive adjustment in our standard of living. We have become great at consuming wealth but not so great at creating it. But as a result of running gigantic trade deficits year after year, we have lost tens of thousands of businesses, millions upon millions of jobs, and America is being deindustrialized at a staggering pace. http://www.silverdoctors.com/shocking-facts-about-the-deindustrialization-of-america-that-everyone-should-know/


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Central Planners Have Taken the World to the Brink

aa-Depression 2.0 - uncle sam as beggar good one You had a 10-year Great Depression, followed by a horrific world war. And it took all of that so you could clear the decks and we could have the post World War II expansion. But now, despite the fact that I thought extreme stupidity set up the Great Depression, we have exceeded that stupidity dramatically in our generation and what we’ve done. The amount of leverage that’s been built into this system, and is now amplified with derivatives, dwarfs anything that went on in the Roaring ‘20s. Consequently, when this thing comes to a catastrophic end, how long will it take to work it out this time? So I understand that these guys will move Heaven and Earth to keep this system going as long as possible, but as I said, I don’t think it’s going to work. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/3/31_Central_Planners_Have_Taken_The_World_To_The_Brink.html


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Ukraine is the Waterloo Event for the U.S. Dollar

aa-dollar - Washington w hands on his head The desperation of the Anglo-American leadership, guided by the steady corrupt banker hands, has never been more acutely high, nor obvious in full view. The entire Ukraine situation is a travesty. It includes Langley agents killing police and street demonstrators from rooftops, the confirmation coming from the Estonian Embassy (translation of scripts). It includes thefts of official Ukrainian government funds, again sent to the Swiss hill sanctuary. It includes sanctions delivered by a U.S. paper tiger, sure to cause horrific backlash. It involves the last gasp attempt to obstruct the Gazprom energy pipelines, which will inevitably corner the European market in monopoly. It involves subterfuge with the NATO card with missiles placed on the Russian borders. Look for NATO members to find a back door to exit the spurious treaty. It involves playing with nitro-glycerine in the Petro-Dollar room. It involves putting tremendous risk for much more clear isolation of the United States. The more the U.S. government pushes, the more the U.S. will be isolated. In Ukraine, the United States has over-played its weak hand. http://www.silverdoctors.com/jim-willie-ukraine-is-the-waterloo-event-for-the-us-dollar/


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The Fourteen Year Recession

aa-Depression 2.0 - good cartoon The government controlled public education system has flourished beyond all expectations of your owners. We’ve become a nation of techno-narcissistic, math challenged, reality TV distracted, welfare entitled, materialistic, gluttonous, indebted consumers of Chinese slave labor produced crap. There are more Americans who know the name of Kanye West and Kim Kardashian’s bastard child (North West) than know the name of our Secretary of State (Ketchup Kerry). Americans can generate a text or tweet with blinding speed but couldn’t give you change from a dollar bill if their life depended upon it. They are whizzes at buying crap on Amazon or Ebay with a credit card, but have never balanced their checkbook or figured out the concept of deferred gratification and saving for the future. While the ignorant masses are worked into a frenzy by the media propaganda machine over gay marriage, diversity, abortion, climate change, and never ending wars on poverty, drugs and terror, our owners use their complete capture of the financial, regulatory, political, judicial and economic systems to pillage the remaining national wealth they haven’t already extracted. http://www.theburningplatform.com/2014/03/24/the-fourteen-year-recession/


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Existing Home Sales Lowest in 19 Months, Cheapest Home Sales Tumble 18%

aa-housing bubble - bankster induced good one Another month, another confirmation that the so-called housing recovery is sputtering on its last breath and is being held up entirely by the higher end segment, which however is also coming to an end now that wealthy Chinese have started liquidating their ultra luxury housing. In February, according to the NAR, some 4.6 million annualized existing homes were record, in line with expectations, and a 0.4% decline from the 4.62 million print in January. This was the 19th monthly drop in a row, and the lowest since July 2012, and a 7.1% drop year over year. But the worst news is that housing is increasingly unaffordable to the poorer Americans, with houses costing in the $0-$100 bucket down 18% from a year ago. Since nobody is applying for a mortgage any more this is hardly surprising. Finally, in addition to the usual weather excuse for weak housing sales, a new scapegoat has appeared: soaring student loans: “20 percent of buyers under the age of 33, the prime group of first-time buyers, delayed their purchase because of outstanding debt. 56 percent of younger buyers who took longer to save for a down payment identified student debt as the biggest obstacle.” Oops. http://www.zerohedge.com/news/2014-03-20/existing-home-sales-lowest-19-months-cheapest-home-sales-tumble-18-weather-student-l


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RIP — The Truman Show of Bubble Finance, 1987-2014

aa-bubble - being pricked All the Trumans – the economists, fund managers, traders, market pundits –know at some level that the environment in which they operate is not what it seems on the surface…. But the zeitgeist is so damn pleasant, the days so resplendent, the mood so euphoric, the returns so irresistible, that no one wants it to end. http://www.zerohedge.com/news/2014-03-17/rip-truman-show-bubble-finance-1987-2014


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19 Signs the U.S. Consumer is Tapped Out

You can’t get blood out of a rock. Traditionally the United States has had a consumer-driven economy, but now years of declining incomes and rising debts are really starting to catch up with us. In order to have an economy that is dependent on consumer spending, you need to have a large middle class. Unfortunately, the U.S. middle class is steadily shrinking, and unless that trend is reversed we are going to see massive economic changes in this country. http://www.zerohedge.com/news/2014-03-14/19-signs-us-consumer-tapped-out


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The Great American Car Crash

aa-bicycles - on busy road There is a huge transformation underway inside America, the love affair with the gasoline powered car is morphing into a love affair with bicycles. If you love this trend then you can thank Dick Cheney and his Jew Neocon dual citizen friends who destroyed the American Dream with their wars for oil and Israeli hegemony. They never got any oil, they never brought down the price of oil, they made it go up and cause a permanent decline in the dollar and purchasing power. Amerika is bankrupt and those at the bottom end can no longer afford automobiles. The American dream of a car in every garage is now as dead as a doornail. http://therebel.org/index.php?option=com_content&view=article&id=749743:the-great-american-car-crash&catid=354:yukonjack&Itemid=2552


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No Jobs, No Economy, No Prospects For Peace or Life

aa-American dream - George Carlin Just as “your” government and “your” prostitute media lie to you about Ukraine, Putin, Saddam Hussein, Gaddafi, Iran, Pakistan, Yemen, Palestine, NSA, spying, torture, 9/11, Obamacare, and literally everything under the sun, “your” government lies to you about the economy and hides from you the perilous state of your economic existence. If you are not among the One Percent, you have no future in America. http://www.paulcraigroberts.org/2014/03/07/jobs-economy-prospects-peace-life-paul-craig-roberts/


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America’s New Servant Class

aa-servant In America, many people still think of household servants as something belonging to a distant age, a time less equal and democratic than our own, like the Britain of Downton Abbey. But as we’ve entered a second Gilded Age, the clock seems to be turning back, and the super-rich are increasingly relying on servants to feed, clothe and make them comfy. The economic “recovery” is not producing nearly enough jobs, but the servant sector is certainly growing. http://www.alternet.org/economy/americas-new-servant-class?paging=off&current_page=1#bookmark


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BLS Says Jobs Are Plentiful — Buy Stocks!

aa-government - lies good one Our friends at the Bureau of Lies and Scams put out their propaganda report on the current state of our blossoming jobs recovery this morning. It was another hoot. Their cohorts on Wall Street set the bar extremely low, so the dreadful fake number would beat expectations and drive the stock market higher. We’ve heard weather used as an excuse for every horrific economic report issued for the last two months. Now it will be spun that our economy is so resilient and strong that despite cold and snow in the winter (shocking) companies still hired people into part-time minimum wage jobs. The headline number of 175,000 new jobs will be adjusted down to 120,000 jobs three months from now, but the fake number today will achieve its goal of sending the stock market to a new high for the 1%. Let’s look at the other survey to see if it confirms the 175,000. http://www.theburningplatform.com/2014/03/07/bls-says-jobs-are-plentiful-buy-stocks/


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Ben Bernanke Richly Rewarded for Speech at Abu Dhabi Conference

aa-ben bernanke - bens candyland good one It is interesting that many of the talking heads that cheer on Ben Bernanke’s current rewards in the “free market” seem not to recognize the inherent conflict between the free market and the central planning and controls exercised by the Federal Reserve and other central banks. The media fawning over Bernanke is nothing new; the mainstream media (MSM) covering for Bernanke and the Fed largely explains the failure of Congress to pass a genuine audit of the Fed in its entire 100-year history. http://www.thenewamerican.com/economy/markets/item/17783-ben-bernanke-richly-rewarded-for-speech-at-abu-dhabi-conference


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The Global Currency Reset Looms

aa-dollar - funny satirical one Many are key events that indicated with growing clarity a pathway toward destruction. With great regret, the conclusion has been inescapable that it has been far more intentional than the great majority of American citizens realize. No firm documents, or project details, or focused agendas, or formal lists, or anything of substance is in Jackass possession. Just a brain, eyes, ears, experience, and the ability to process information with a unique perspective not easily deceived or distracted. Follow the sequence for an interesting if not intrigue-filled brief ride. http://www.silverdoctors.com/jim-willie-we-are-well-past-the-11th-hour-the-global-currency-reset-looms/


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The Broken Limb and Burst Pipe Fallacies

aa-winter weather The fallacy being flogged by government drones and the legacy media about companies not hiring new employees because it has been cold and snowy during the winter is beyond absurd, except to someone who lives in the cocoon of Washington D.C. or regurgitates words processed on a teleprompter by paid minions of the ruling class. If you live in the real world, run a business, or manage employees, you understand weather has absolutely nothing to do with your decision to hire an employee. An organization takes weeks or months to hire employees. They don’t stop hiring because it snowed on Wednesday or the temperature was below normal. The contention that hiring has been weak for the last two months due to weather is outlandish and based upon flawed logic and warped reasoning. It is so illogical, only an Ivy League economist could believe it. The other fallacy being pontificated by retail executives in denial, cheerleaders on CNBC and the rest of the propaganda press is weather is to blame for terrible retail sales over the last quarter. Again, this argument is specious in its conception. The retail executives use weather as an excuse for their failure in execution, hubris in over-expanding, and arrogance in pursuit of quarterly earnings per share and bonuses. CNBC and the rest of the Wall Street media pawns must provide lame fallacies for the corporate fascists regarding our downward economic path or the masses my wake up to reality. Protecting and expanding the wealth of the parasitic oligarch class is the one and only purpose of the corporate media. http://www.theburningplatform.com/2014/02/10/the-broken-limb-burst-pipe-fallacies/


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Coming Global Collapse Will Eclipse the Terror of 2008

aa-grim reaper - 4-18-13 I believe that ultimately the decisions that policymakers are going to be facing either this year or next year, are going to be one of default or debase. Neither of these sets of outcomes are going to be greeted well by financial markets. This will mean much lower equity markets, higher interest rates, and a global reset with respect to the existing global financial architecture. But what you are going to see in the future is going to be unprecedented. I don’t even think the experience of the Great Depression of the 1930s will properly describe what is in store for people. My fear is that as social unrest breaks out pretty much everywhere, the governments of the world will use this as an opportunity to increase the ‘Orwellian’ police state. We have already seen signs of this in many countries, including the United States. But governments will crack down even further. So that will mean a further loss of freedoms for ordinary citizens, under the premise of restoring social order. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/2/7_Coming_Global_Collapse_Will_Eclipse_The_Terror_Of_2008.html


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28 Signs That the Middle Class is Heading Toward Extinction

The death of the middle class in America has become so painfully obvious that now even the New York Times is doing stories about it. Millions of middle class jobs have disappeared, incomes are steadily decreasing, the rate of home ownership has declined for eight years in a row and U.S. consumers have accumulated record-setting levels of debt. Being independent is at the heart of what it means to be “middle class,” and unfortunately the percentage of Americans that are able to take care of themselves without government assistance continues to decline.
In fact, the percentage of Americans that are receiving government assistance is now at an all-time record high. This is not a good thing. Sadly, the number of people on food stamps has increased by nearly 50 percent while Barack Obama has been in the White House, and at this point nearly half the entire country gets money from the government each month. Anyone that tries to tell you that the middle class is going to be “okay” simply has no idea what they are talking about. http://www.silverdoctors.com/28-signs-that-the-middle-class-is-heading-toward-extinction/


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What is Supply Side Economics?

aa-economic crash montage Intelligent people over the centuries have stressed that failure to understand the past endangers the present and the future. Across the American political spectrum policymakers, economists, media, commentators, and the public are ignorant of the past and in denial about the present. Those trying to inform are few and far between, and they are constantly under attack from the very people they are endeavoring to inform. What is the point of the effort to inform? Is it merely “sound and fury, signifying nothing”? http://www.paulcraigroberts.org/2014/02/03/supply-side-economics-paul-craig-roberts/


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You Can Buy a House For One Dollar or Less in Economically Depressed Cities All Over America

aa-house - run down sold for one dollar Would you like to buy a house for one dollar? If someone came up to you on the street and asked you that question, you would probably respond by saying that it sounds too good to be true. But this is actually happening in economically-depressed cities all over America. Of course there are a number of reasons why you might want to think twice before buying any of these homes, and I will get into those reasons in just a little bit. First, however, it is worth noting that many of the cities where these “free houses” are available were once some of the most prosperous cities in the entire country. http://theeconomiccollapseblog.com/archives/you-can-buy-a-house-for-one-dollar-or-less-in-economically-depressed-cities-all-over-america


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The Manipulated Housing Market

aa-housing bubble - bankster induced good one The report from RealtyTrac last week proves beyond the shadow of a doubt the supposed housing market recovery is a complete and utter fraud. The corporate mainstream media did their usual spin job on the report by focusing on the fact foreclosure starts in 2013 were the lowest since 2007. Focusing on this meaningless fact (because the Too Big To Trust Wall Street Criminal Banks have delayed foreclosure starts as part of their conspiracy to keep prices rising) is supposed to convince the willfully ignorant masses the housing market is back to normal. It’s always the best time to buy!!! http://www.theburningplatform.com/2014/02/02/warped-distorted-manipulated-flipped-housing-market/


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The Oligarch Storyline is Growing Old and Tired

aa-retail store - another abandoned one Do the oligarchs realize their propaganda doesn’t pass the smell test? They desperately want the ignorant masses to believe consumer spending was strong in November and December. We know for a fact that retail sales absolutely sucked in November and December from the Commerce Dept report from two weeks ago. Sales declined at auto dealerships, furniture retailers, electronics stores, and home stores. We know for a fact that virtually every large retailer in the country has reported dreadful sales and profit results for their Christmas season. Wal-Mart issued a profit warning today. Target issued one two weeks ago. Macys, Sears, and JC Penney are closing stores. A critical thinking individual might wonder how consumer spending could be really strong if every major retailer is reporting horrific results. Luckily for the oligarchs, critical thinking is a skill not used too much in this country. Edward Bernays’ students of propaganda in the government and MSM know this and utilize our ignorance to the max. http://www.theburningplatform.com/2014/01/31/the-oligarch-storyline-is-growing-old-and-tired/


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The New Wave of Financial Instability

aa-Republicrats - two parties one ideology So, is this the Big One, the beginning of the next financial crisis? It’s too early to say, but investors and analysts are worried. Fed tightening (via “taper”) will be felt in markets around the world. The trouble in emerging markets will intensify deflationary pressures in the Eurozone and put a damper on China’s growth. Slower global growth, in turn, will create balance sheets problems for undercapitalized and over-leveraged banks and other financial institutions which will increase the probability of another Lehman Brothers-type default. http://www.unz.com/mwhitney/the-new-wave-of-financial-instability/


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The Coming Economic Collapse Will Be Far Worse Than Most Realize

aa-economic collapse The citizens of the U.S. & world are headed into a future that few are prepared for. It will also turn out to be much worse than most realize as it will be unlike anything we have witnessed in the past. Gold and silver will become some of the most important stores of wealth and investments in the future. The U.S. Dollar will not be the safe-haven as Dent and many other analysts believe due to the fact that a fiat monetary system based on compound interest and fractional reserve need a growing energy supply to SURVIVE. There is no PLAN B and very few are prepared for what is coming. http://www.silverdoctors.com/the-coming-economic-collapse-will-be-far-worse-than-most-realize/


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Ben Bernanke’s Banksters Legacy

aa-Ben Bernanke - lighting money With Ben Shalom Bernanke set to depart on the last day of January 2014, the critique and speculation of his tenure as Chairman of the Federal Reserve begins. The mainstream financial press is giving mostly favorable accounts. Heretofore, such praiseworthy acclamations strike a shape contrast with the actual record of the state of the economy. However, the admirers of the Fed and his specific enactments live in a time warp that only masters of the universe encounter. For the remaining population, an intense struggle for survival is the actual experience, remembered from the Bernanke years. http://www.batr.org/corporatocracy/012214.html


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The Retail Death Rattle

The entire economic recovery storyline is a sham built upon easy money funneled by the Fed to the Too Big To Trust Wall Street banks so they can use their HFT supercomputers to drive the stock market higher, buy up the millions of homes they foreclosed upon to artificially drive up home prices, and generate profits through rigging commodity, currency, and bond markets, while reducing loan loss reserves because they are free to value their toxic assets at anything they please – compliments of the spineless nerds at the FASB. GDP has been artificially propped up by the Federal government through the magic of EBT cards, SSDI for the depressed and downtrodden, never ending extensions of unemployment benefits, billions in student loans to University of Phoenix prodigies, and subprime auto loans to deadbeats from the Government Motors financing arm – Ally Financial (85% owned by you the taxpayer). The country is being kept afloat on an ocean of debt and delusional belief in the power of central bankers to steer this ship through a sea of icebergs just below the surface. http://www.theburningplatform.com/2014/01/19/the-retail-death-rattle/


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The Big Reset: Why China Bought J.P. Morgan’s Gold Vault

aa-China - building in middle of NYC The office building of JP Morgan with its largest private gold vaults at Chase Manhattan Plaza, opposite to the New York Federal Reserve building, has been recently sold to the Chinese. This indicates the U.S. and China seem to be working together in advance towards a global currency reset whereby the U.S., Europe and China will back the SDR’s with their gold reserves so the dollar can be replaced. We have now arrived at the point where it is not the banks, but the countries themselves that are getting in serious financial trouble. The idea that we can ‘grow our way back’ out of debt is naive. The current solution to ‘park’ debts on to the balance sheets of central banks is just an interim solution. A global debt restructuring will be needed. This will include a new global reserve system to replace the current failing dollar system, probably before 2020. http://www.silverdoctors.com/the-big-reset-why-china-bought-jpmorgans-gold-vault/


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What Recovery? Sears and J.C. Penney are Dying

aa-retail store - another abandoned one Two of the largest retailers in America are steamrolling toward bankruptcy. Sears and J.C. Penney are both losing hundreds of millions of dollars each quarter, and both of them appear to be caught in the grip of a death spiral from which it will be impossible to escape. Once upon a time, Sears was actually the largest retailer in the United States, and even today Sears and J.C. Penney are “anchor stores” in malls all over the country. http://theeconomiccollapseblog.com/archives/what-recovery-sears-and-j-c-penney-are-dying


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Conrad

Good riddance. They have both been supporting the Mexican invasion by putting their signs up is Spanish. Now if Lowe's would follow suit...

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Gold and the New Monetary Order

aa-gold - good one Publicly the so called authorities remain in a state of denial about the systemic debt crisis. The idea for the need of a new monetary order already lives very silently in the big shadow of the false perception buildings for the past 20 years. Today’s conflicting gold price management is recognized and understood as such by those with deep system insights. That’s what the ongoing private gold metal accumulation is all about. It will continue and eventually go parabolic up until the circumstances for a new monetary order are in place. The chances that further economic deterioration can be avoided are now extremely thin. http://www.silverdoctors.com/gold-the-new-monetary-order/


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2014 Will Be the Year of the Currency Explosion

aa-dollar - collapsing like titanic Financial newsletter writer, Dr. Jim Willie, has a bleak warning for America. Willie says, “I don’t think the United States is going to be killed as the host. I think it’s going to be bled to death and harvested for its organs, and done so by China.” Dr. Willie explains, “The Chinese will drain this nation and all the Western nations of all their gold.” Dr. Willie predicts, “I have been saying steadily, not until the dollar has problems and the globe starts saying we’re not going to use it anymore, and we’re going to force a devaluation on you that is when the dollar will hit Main Street and the U.S. economy with price inflation. It’s coming this year. This is the late stage, the very late stage.” http://www.silverdoctors.com/jim-willie-this-is-the-year-we-have-the-currency-explosion/


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No Jobs For Americans

aa-Depression 2.0 - unemployed from 1930s In America the unemployment rate is a deception just like everything else. The rate of American unemployment fell, because people can’t find jobs. The fewer the jobs, the lower the unemployment rate. I noticed today that the financial media presstitutes were a bit hesitant to hype the drop in the rate of unemployment when there was no jobs growth to account for it. The Wall Street and bank economists did their best to disbelieve the jobs report as did some of the bought-and-paid-for academic economists. Too many interests have a stake in the non-existent recovery declared 4.5 years ago to be able to admit that it is not really there. http://www.paulcraigroberts.org/2014/01/10/jobs-americans-paul-craig-roberts/


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David Stockman — The United States is Being Destroyed

aa-David Stockman and Ronald Reagan Eric King: “When President Reagan called upon people like you and Dr. Paul Craig Roberts to save the United States from collapse (in 1981), did you ever dream we would see what we have going on today? Did you ever think that would materialize?” Stockman: “No. It was inconceivable. I think it would have been inconceivable as recently as 1998, or the year 2000, that the Fed would be taken over by academic monetary central planners that would throw out 100 years or 200 years of sound money doctrine. That would recklessly and wantonly turn on the printing presses, and not just for a short emergency but now into the fifth year. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/1/11_David_Stockman_-_The_United_States_Is_Being_Destroyed.html


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If You Are Waiting For an ‘Economic Collapse,’ Just Look at What is Happening to Europe

aa-European Union - falling like dominos If you are anxiously awaiting the arrival of the “economic collapse,” just open up your eyes and look at what is happening in Europe. The entire continent is a giant economic mess right now. Unemployment and poverty levels are setting record highs, car sales are setting record lows, and there is an ocean of bad loans and red ink everywhere you look. Over the past several years, most of the attention has been on the economic struggles of Greece, Spain and Portugal and without a doubt things continue to get even worse in those nations. But in 2014 and 2015, Italy and France will start to take center stage. http://theeconomiccollapseblog.com/archives/if-you-are-waiting-for-an-economic-collapse-just-look-at-what-is-happening-to-europe


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20 Years of the Sucking Sound of NAFTA

aa-Dees - outsourcing This globalization model flops for the most simple of all reasons. Allowing the world economy to reward the neo-feudal system produces only societies that control their populations as serfs. Economists and business journalists that ignore the collapse of real income purchasing power by the vast majority, practice their trade for the conglomerate captains of commerce. The reason that Free Trade agreement swindles, detested by the suffering public, is such a dramatic failure is that twenty years of diminished wealth hits everyone’s pocketbooks. No longer can the dreadful results from the hidden fine print of treaty documents stay secret from the impoverished middle and underclass. http://www.batr.org/corporatocracy/010814.html


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Economists Predicts Hyperinflation Begins This Year

aa-dollar - bags of Despite the rosy scenario touted by administration flacks, Williams said an economic recovery is nowhere to be found. “The consumer is in trouble,” he confirmed. “There is nothing happening to turn the economy around.” As a result, he said, our debt-holders around the world might soon start shedding some of the $12 trillion currently outstanding. “We’re dependent on the rest of the world continuing to go along with us and continue to support the dollar,” he warned. “That’s not going to happen.” http://soundmoneyinstitute.org/economists-predicts-hyperinflation-begins-year/?utm_source=Sound+Money+Institute&utm_campaign=cdfd7089b9-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_7263f39047-cdfd7089b9-73138701


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How Will the Economy Improve in 2014 if Almost Everyone Has Less Money to Spend?

aa-Depression 2.0 - obamanomics very good one Is the U.S. consumer tapped out? If so, how in the world will the U.S. economy possibly improve in 2014? Most Americans know that the U.S. economy is heavily dependent on consumer spending. http://theeconomiccollapseblog.com/archives/how-will-the-economy-improve-in-2014-if-almost-everyone-has-less-money-to-spend


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The Case of the Missing Recovery

aa-middle class - getting screwed good one Have you seen the economic recovery? I haven’t either. But it is bound to be around here somewhere, because the National Bureau of Economic Research spotted it in June 2009, four and one-half years ago. It is a shy and reclusive recovery, like the “New Economy” and all those promised new economy jobs. I haven’t seen them either, but we know they are here, somewhere, because the economists said so. Congress must have seen all those jobs before they went home for Christmas, because our representatives let extended unemployment benefits expire for 1.3 million unemployed Americans, who have not yet met up with those new economy jobs, or even with an old economy job for that matter. By letting extended unemployment benefits expire, Congress figures that they saved 1.3 million Americans from becoming lifelong bums of the nanny state and living off the public purse. After all, who do those unemployed Americans think they are? A bank too big to fail? The military-security complex? Israel? http://www.paulcraigroberts.org/2014/01/03/case-missing-recovery-paul-craig-roberts/


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More Misleading Official Employment Statistics

aa-American Dream - good cartoon There is no such thing as a recovery with 23.2% unemployment. So, if there is no economic recovery, why are stock and bond prices so high, at all-time records? The answer is simple. The Federal Reserve is printing $1,000 billion new dollars annually and the newly created money is going into the bond and stock markets, driving them to high bubble levels. So here sits the US economy with substantial unemployment, with massive trade and budget deficits that are taxing the US dollar’s credibility, with the labor force participation rate declining because there are no jobs to be found, and we are enjoying economic recovery with bond and stock prices at historic highs. http://www.paulcraigroberts.org/2013/12/10/misleading-official-employment-statistics-paul-craig-roberts/


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Timing is (Not) Everything

aa-Federal Reserve - bubbles Everybody knows that the Federal Reserve’s money-pumping operations have become a replacement for what used to be an economy. Therefore, no more money pumping = no more so-called economy. It’s that simple. But it doesn’t mean that the Federal Reserve won’t make a gesture and I wouldn’t be surprised if they try it during the season that Santa Claus hovers over the national consciousness — or what little of that remains when you subtract the methedrine, the Kanye downloads, the fear of an $11,000 bill for an emergency room visit requiring three stitches, and all the other epic distractions of our time. http://kunstler.com/clusterfuck-nation/timing-is-not-everything/


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Rust on the Iron Law of Wages

Trouble is, there isn´t enough work to go around—not real work that does something that actually needs doing. Over the years we´ve had to invent more and more ways to keep people from working. Child-labor laws and school-completion laws kept kids from competing with adults. Colleges, or places that look like colleges anyway, keep the older young off the market. And still there aren’t enough jobs. Since just keeping people from working wasn´t enough, we started inventing jobs of less and less usefulness. Think nail salons, grief therapists, dog groomers, and the federal bureaucracy. It is God´s holy truth that half of the feddle gummint could be fired tomorrow, and the only effect would be to unclog things. The armed forces are another pool of the disguised unemployed, along with most of the weapons industry. http://fredoneverything.net/IronLaw.shtml


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When Saving Interest Rates Go Negative

What is more frightening than the loss of your money. Since most people have some meager amount held in some form of a financial institution, the prospect of the banksters’ cabal placing a charge against your account for the mere privilege of maintaining a deposit is horrible. http://www.batr.org/corporatocracy/120413.html


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The U.S. is Being Destroyed

Larry Summers notes that despite a zero real rate of interest, there is still substantial unemployment. In other words, not even a zero rate of interest can reduce saving to the level of investment, thus frustrating a full employment recovery. Summers concludes that the natural rate of interest has become negative and is stuck below zero. How to fix this? The way to fix it, Summers says, is to charge people for saving money. To avoid the charges, people would spend the money, thus reducing savings to the level of investment and restoring full employment. Summers acknowledges that the problem with his solution is that people would take their money out of banks and hoard it in cash holdings. In other words, the cash form of money provides consumers with a freedom to save that holds down consumption and prevents full employment. Summers has a fix for this: eliminate the freedom by imposing a cashless society where the only money is electronic. As electronic money cannot be hoarded except in bank deposits, penalties can be imposed that force unproductive savings into consumption. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/11/27_Paul_Craig_Roberts_-_The_US_Is_Being_Destroyed.html


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The Dying Dollar

As the dollar enters its death throes, the lawless Federal Reserve and the Wall Street criminals will increase their shorting of gold in the paper futures market, thereby driving the remnants of the West’s gold into Asian hands. http://www.paulcraigroberts.org/2013/11/22/dying-dollar-paul-craig-roberts/


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The Coming Global Currency Reset Will Double Gold Overnight

The deviant behavior is with the Anglo enforcers though. They cannot dictate geopolitical criminality on a unilateral basis. They cannot oppose other methods between two independent nation parties for conducting trade. They cannot obstruct commerce like with natural gas pipelines and expect to remain unopposed, to escape without oil on their hands. The United States and Great Britain have become rogue leaders in defense of increasingly fascist regimes and financial systems. As a result of the hostile monetary war, the U.S. Dollar and its U.S. T-Bond vehicle are facing not simply opposition, but broad-based earnest organized initiatives to avoid them. Not to wreck them, but rather the goal is to replace them in workarounds. http://www.silverdoctors.com/jim-willie-gold-fever-coming-global-currency-reset-will-feature-an-overnight-double-in-the-gold-price/


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Escape from the Dollar

Regardless, most countries have come to the conclusion that not only has the U.S. abused the reserve currency role, but also the power of Washington to impose its will and to act outside of law stems from its financial hegemony and that this financial power is more difficult to resist than Washington’s military power. As the world, including U.S. allies, made clear by standing up to Washington and blocking Washington’s military attack on Syria, Washington’s days of unchallenged hegemony are over. From China, Russia, Europe, and South America voices are rising against Washington’s lawlessness and recklessness. This changed attitude toward the US will break up the system of dollar imperialism. http://paulcraigroberts.org/2013/11/05/escape-dollar-mike-whitney-interviews-paul-craig-roberts/


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America’s Descent Toward Third World Status

The long-term outlook for Americans who work for a living is indeed bleak. Doubtless, there will be some ups and downs, but an unprecedented combination of factors makes it likely that the downward trend will continue for them. For most people, the future promises lower quality jobs, at lower pay rates, with degraded working conditions, and fewer benefits. They can also anticipate reduced retirement income, and less comprehensive medicare. Financial insecurity and unemployment are likely to be regular features of their lives. http://www.opednews.com/articles/Our-Descent-Toward-Third-W-by-Stephen-Unger-American-Civil-Liberties-Union_Civil-Unions_Corporations_Employers-131030-313.html


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Home Sales Plunge: ‘Biggest Drop in 40 Months’

How is it possible that home prices were rising and sales increasing while a record 107 million Americans received government distributions? How can we be out of a recession when nearly 50 million Americans – fully 23 million households, or about 20% – are dependent on food stamps? The answer is simple. The entire economy is now a complete sham. http://www.lewrockwell.com/2013/10/mac-slavo/house-sales-plunge/


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‘A Collapse to End All Collapses’

There is also this constant drivel in the mainstream media about things getting better everywhere, and yet if you really get inside the numbers that isn’t true. The fact is the world economy is struggling, and there is infinitely too much debt. Because of this reality, you don’t get much bang for new debt, and the West is just building up an ever-greater bubble that is more and more vulnerable with each passing day. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/10/28_Historic_End_Game_-_A_Collapse_To_End_All_Collapses.html


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25 Stats That Prove the American Dream is Being Systematically Destroyed

Once upon a time, the United States had the largest and most prosperous middle class in the history of the world. It seemed like almost everyone owned a home, had a couple of nice vehicles and could provide a very comfortable lifestyle for their families. Sadly, that has all changed. In America today, prices are rising at a very brisk pace but incomes are not. There aren’t nearly enough jobs for everyone anymore, and most of the jobs that are being “created” are jobs that pay very little. The largest employer in America is Wal-Mart, and the second largest employer is actually a temp agency (Kelly Services). In a desperate attempt to make ends meet, millions of American families endlessly pile up more debt, and millions of other American families find themselves forced to turn to the government for help. At this point, more than 49 percent of all Americans receive benefits from the federal government each month. The percentage of Americans that cannot financially take care of themselves is rising every single year, and our independence is being whittled away as we become increasingly dependent on the government. http://www.silverdoctors.com/25-stats-that-prove-that-the-american-dream-is-being-systematically-destroyed/


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12 Shocking Clues About What America Will Look Like When the Next Great Economic Crisis Strikes

The collapse of American society is accelerating. For the moment, much of our social decay is being masked by the tremendous level of affluence that we are experiencing. It has been reported that 4 out of every 5 adults in the United States “struggle with joblessness, near-poverty or reliance on welfare for at least parts of their lives”, but in general Americans still enjoy a debt-fueled standard of living that is far beyond what most of the rest of the world enjoys. When that debt-fueled standard of living permanently disappears, it is going to unleash chaos unlike anything that America has ever seen before. http://theeconomiccollapseblog.com/archives/12-shocking-clues-about-what-america-will-look-like-when-the-next-great-economic-crisis-strikes


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Looting the Pension Funds: Wall Street is Grabbing Money Meant for Public Workers

This is the third act in an improbable triple-[screwing] of ordinary people that Wall Street is seeking to pull off as a shocker epilogue to the crisis era. Five years ago this fall, an epidemic of fraud and thievery in the financial-services industry triggered the collapse of our economy. The resultant loss of tax revenue plunged states everywhere into spiraling fiscal crises, and local governments suffered huge losses in their retirement portfolios – remember, these public pension funds were some of the most frequently targeted suckers upon whom Wall Street dumped its fraud-riddled mortgage-backed securities in the pre-crash years. Today, the same Wall Street crowd that caused the crash is not merely rolling in money again but aggressively counterattacking on the public-relations front. The battle increasingly centers around public funds like state and municipal pensions. This war isn’t just about money. Crucially, in ways invisible to most Americans, it’s also about blame. In state after state, politicians are following the Rhode Island playbook, using scare tactics and lavishly funded PR campaigns to cast teachers, firefighters and cops – not bankers – as the budget-devouring boogeymen responsible for the mounting fiscal problems of America’s states and cities. http://www.globalresearch.ca/looting-the-pension-funds-wall-street-is-grabbing-money-meant-for-public-workers/5352934


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With Dollar’s Coming Demise, China Pushing ‘New World Order’

The real culprits behind the decline of the dollar, of course, include wild debt-based currency printing by the privately owned U.S. Federal Reserve and a broader global agenda to build what both China’s dictatorship-run Xinhua “news” service and the Western establishment often refer to as a “new world order.” However, instead of pointing to the true causes of the potential looming implosion of America’s fiat currency, the party line in China and the West alike seems to be: Blame it on the U.S. Constitution, the political system created under it, and reluctance among some lawmakers to continue raising the debt limit indefinitely. http://www.thenewamerican.com/economy/economics/item/16748-with-dollar-demise-in-focus-beijing-pushes-new-world-order


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Preparing for the Big One

Global markets are already revolting against the $US. The End Game for the $US is THE BIG ONE for which we aim to help Investors prepare. The really BIG ONE announced October 10, 2013 was not the Republican Proposal to lift The Debt Ceiling for six weeks, though that was an important constructive step to attempt to resolve the Administration’s partial Government Shutdown. THE BIG ONE was the European Central Bank’s agreement with the People’s Bank of China to establish bilateral Euro-Yuan Currency Swap arrangements, thus freezing the U.S. Dollar out of yet another Bilateral Sovereign Currency Swap Deal. This will, sooner rather than later, have catastrophic impact on the International Financial System. http://www.silverdoctors.com/deepcaster-preparing-for-the-big-one/


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Jimmy Carter — Today’s Middle Class Americans Resemble the Poor of the 1970s

Middle class families today resemble the poorest Americans from the 1970s, former President Jimmy Carter has claimed. Carter, 89, said Monday that growing economic inequality in the United States has left middle class families financially unstable and eroded their economic security. http://www.dailymail.co.uk/news/article-2449799/Jimmy-Carter-todays-middle-class-Americans-resemble-poor-1970s.html#ixzz2hGpLFIpD


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U..S Propaganda is ‘Smokescreen’ for a Catastrophic Problem

What will trigger the collapse that Rosen is referring to is when the foreigners reject the U.S. dollar as the world’s reserve currency. That is why everything that is going on today, market manipulation, gold suppression, etc — it’s all directed at delaying that ultimate outcome. But that will be the outcome no matter how hard Western central planners fight it. So people have to focus on the final outcome of all of this and be invested correctly. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/10/8_US_Propaganda_Is_Smokescreen_For_A_Catastrophic_Problem.html


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American Workers: Hanging on by the Skin of Their Teeth

Nobody needs Bloomberg to point out how grim things are for the ordinary people. They see it firsthand every damn day. Did you catch the news on Wal-Mart this week? It’s another story that helps explain why everyone’s so down-in-the-mouth. Here’s what happened: Wal-Mart’s stock tanked shortly after they announced that their “inventory growth …had outstripped sales gains in the second quarter…. Merchandise has been piling up because consumers have been spending less freely than Wal-Mart projected….” Okay, so the video games and Barbie dolls are piling up to the rafters because part-time wage slaves who typically shop at Wal-Mart are too broke to buy anything but the basic necessities. http://www.informationclearinghouse.info/article36370.htm


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Flash Trading Hits U.S. Treasury Bonds

The US Treasury Bond market breakdown is in progress, all part of the general US Dollar global rejection that is taking the world by storm. Of course, residents inside the US Dome do not notice, since they only perceive it as the native currency. From conversations with common folk, discussions with investor types, and general observations for over 20 years, the Jackass belief is that only 5% to 10% of Americans are aware that the US Dollar serves as a global financial instrument in contracts, the basis for trade settlement (mostly crude oil), with some extremely important consequences. A major development has begun, much like a metabolic life support system in concert with the Interest Rate Swap derivative contract. For two years or more, the US Treasury Bond market has been deeply dependent upon artificial demand derived from the derivatives. Entire bond rallies have been fabricated with 50:1 leverage, fully supported by the financial network propaganda. Without derivative flying buttress support, the giant US TBond Tower would have collapsed a couple of years ago. Now a new support system has been begun, a dangerous musical chairs long entrenched in the stock market. It has entered the bond market finally. Flash Trading!! http://www.silverdoctors.com/jim-willie-flash-trading-hits-ustreasury-bonds/


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The American Dream Has Become a Burden For Most

Between 2007 and 2010 the median American family lost a generation of wealth, putting them on a par with where they were in 1992. Last week the census revealed that median household income is roughly the same as it was in 1988 and that the poverty rate had actually increased since 1973. Meanwhile, median male earnings in 2010 were on a par with 1964. This is not for want of effort. American workers continue to make gains in productivity and American companies continue to reap the benefits. Last year corporate profits, as a share of the economy, were the highest since the second world war. The trouble is, none of the benefits went back to them. http://www.informationclearinghouse.info/article36317.htm#.UkBYc3AWBnM.email


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RIP, the Middle Class: 1946-2013

The 1 percent hollowed out the middle class and our industrial base. And Washington just let it happen. http://www.alternet.org/rip-middle-class-1946-2013?paging=off


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Ron Paul: Bernanke Admits Economy is in Bad Shape

This morning, former congressman Dr. Ron Paul explained why Federal Reserve chairman Ben Bernanke’s unexpected decision yesterday to continue pumping $85 billion a month into the economy is bad for the American people. http://www.infowars.com/ron-paul-bernanke-admits-economy-is-in-bad-shape/


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The Greatest Debt Crisis the World Has Ever Seen is Coming

The largest mountain of debt in the history of the world just continues to grow even larger, and everyone knows that this colossal debt spiral is not going to end well. But we all keep playing along because nobody wants the party to end. Right now, there is an unprecedented ocean of red ink covering the planet. Globally, governments have never been in so much debt, corporations have never been in so much debt and consumers have never been in so much debt. But every time someone suggests that this is a problem and that we should at least try to get debt levels to settle down a bit, people start screaming that “austerity” will hurt the global economy. And of course it will. But we can’t continue to live way, way above our means indefinitely. Well, we can try, but at some point this entire house of cards is going to come crashing down and we are going to be facing the greatest economic crisis the world has ever seen. http://www.silverdoctors.com/the-greatest-debt-crisis-the-world-has-ever-seen-is-coming/


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The Financial Meltdown, Five Years After

Just ask anyone with a positive net worth before 2008 and inquire if they still consider themselves part of the middle class. The overview of the last five-year monetary architectural plan of providing costless money to the banksters, while starving the average worker and depleting individual investment coffers, is frightening. It is a hard sell for the Treasury. Putting a smiley face on a report, when the actual results are killing Main Street, is preposterous. Thanks Larry Summers, for designing the free rein, wheeler-dealer derivative house of cards that only partially broke in phrase one. http://www.batr.org/negotium/091813.html


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The Indebted States of America

States and localities owe far, far more than their citizens know. http://www.city-journal.org/2013/23_3_state-debt.html


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How the Economy Was Lost, Doomed by the Myths of Free Trade

The American economy has gone away. It is not coming back until free trade myths are buried six feet under. http://economyincrisis.org/content/how-economy-was-lost-doomed-myths-free-trade#.UjHGkkV5U-g.email


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