Archive for the ‘Depression 2.0’ Category

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/


COMMENTS:


No Comments Yet.

Make A Comment


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


COMMENTS:


No Comments Yet.

Make A Comment


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/


COMMENTS:


No Comments Yet.

Make A Comment


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/


COMMENTS:


No Comments Yet.

Make A Comment


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/


COMMENTS:


No Comments Yet.

Make A Comment


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


COMMENTS:


No Comments Yet.

Make A Comment


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/


COMMENTS:


No Comments Yet.

Make A Comment


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/


COMMENTS:


No Comments Yet.

Make A Comment


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


COMMENTS:


No Comments Yet.

Make A Comment


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


COMMENTS:


No Comments Yet.

Make A Comment


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


COMMENTS:


No Comments Yet.

Make A Comment


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


COMMENTS:


No Comments Yet.

Make A Comment


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/


COMMENTS:


No Comments Yet.

Make A Comment


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


COMMENTS:


No Comments Yet.

Make A Comment


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/


COMMENTS:


No Comments Yet.

Make A Comment


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


COMMENTS:


No Comments Yet.

Make A Comment


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/


COMMENTS:


No Comments Yet.

Make A Comment


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/


COMMENTS:


No Comments Yet.

Make A Comment


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


COMMENTS:


No Comments Yet.

Make A Comment


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/


COMMENTS:


No Comments Yet.

Make A Comment


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/


COMMENTS:


No Comments Yet.

Make A Comment


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


COMMENTS:


No Comments Yet.

Make A Comment


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/


COMMENTS:


No Comments Yet.

Make A Comment


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/


COMMENTS:


No Comments Yet.

Make A Comment


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/


COMMENTS:


No Comments Yet.

Make A Comment


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/


COMMENTS:


No Comments Yet.

Make A Comment


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


COMMENTS:


No Comments Yet.

Make A Comment


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/


COMMENTS:


No Comments Yet.

Make A Comment


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/


COMMENTS:


No Comments Yet.

Make A Comment


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


COMMENTS:


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...

Make A Comment


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/


COMMENTS:


No Comments Yet.

Make A Comment


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/


COMMENTS:


No Comments Yet.

Make A Comment


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/


COMMENTS:


No Comments Yet.

Make A Comment


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


COMMENTS:


No Comments Yet.

Make A Comment


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


COMMENTS:


No Comments Yet.

Make A Comment


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


COMMENTS:


No Comments Yet.

Make A Comment


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


COMMENTS:


No Comments Yet.

Make A Comment


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


COMMENTS:


No Comments Yet.

Make A Comment


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/


COMMENTS:


No Comments Yet.

Make A Comment


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/


COMMENTS:


No Comments Yet.

Make A Comment


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/


COMMENTS:


No Comments Yet.

Make A Comment


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


COMMENTS:


No Comments Yet.

Make A Comment


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


COMMENTS:


No Comments Yet.

Make A Comment


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


COMMENTS:


No Comments Yet.

Make A Comment


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/


COMMENTS:


No Comments Yet.

Make A Comment


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/


COMMENTS:


No Comments Yet.

Make A Comment


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/


COMMENTS:


No Comments Yet.

Make A Comment


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


COMMENTS:


No Comments Yet.

Make A Comment


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/


COMMENTS:


No Comments Yet.

Make A Comment


‘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


COMMENTS:


No Comments Yet.

Make A Comment


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/


COMMENTS:


No Comments Yet.

Make A Comment


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


COMMENTS:


No Comments Yet.

Make A Comment


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


COMMENTS:


No Comments Yet.

Make A Comment


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


COMMENTS:


No Comments Yet.

Make A Comment


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/


COMMENTS:


No Comments Yet.

Make A Comment


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


COMMENTS:


No Comments Yet.

Make A Comment


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


COMMENTS:


No Comments Yet.

Make A Comment


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


COMMENTS:


No Comments Yet.

Make A Comment


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/


COMMENTS:


No Comments Yet.

Make A Comment


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


COMMENTS:


No Comments Yet.

Make A Comment


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


COMMENTS:


No Comments Yet.

Make A Comment


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/


COMMENTS:


No Comments Yet.

Make A Comment


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/


COMMENTS:


No Comments Yet.

Make A Comment


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


COMMENTS:


No Comments Yet.

Make A Comment


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


COMMENTS:


No Comments Yet.

Make A Comment


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


COMMENTS:


No Comments Yet.

Make A Comment


Forecasts of a Doomed Economy

Contrary investing used to be a profitable endeavor. Things have changed. The doom business is in full swing as many financial prognosticators seek to hedge their normally ecstatic outlooks in order to sell their advice. When tragedy becomes a consensus sentiment, it used to be the time to buy. Now that formula has to factor in a different set of risks. http://www.batr.org/negotium/091113.html


COMMENTS:


No Comments Yet.

Make A Comment


First Nations to Depart the Dollar Will be the Survivors of the Coming Collapse

Dr. Willie goes on to say, “The U.S. is in an indefensible position, both with war and monetary policy.” All the QE, or money printing by the Fed, has the world on edge and outraged. Dr. Willie explains, “This is abuse of credit card by the United States. We run deficits and then say screw you all. You can just buy Treasury bonds because you have to.” According to Dr. Willie, the rest of the world is tired of the money printing by the Fed and wants to use a new currency to escape the coming global inflation of a dollar that can quickly lose its buying power. Dr. Willie says, “This is financial survival. Nations need to depart from the dollar, and the first ones that do will be the survivors, and lost ones will enter the third world.” As far as Syria, Dr. Willie says it’s not about chemical weapons, but about pipelines and our adversaries gaining economic advantage. http://www.silverdoctors.com/jim-willie-first-nations-to-depart-the-dollar-will-be-the-survivors-of-the-coming-collapse/


COMMENTS:


No Comments Yet.

Make A Comment


Maybe This is Why the U.S. Now Has a Serial-Bubble Economy

Why did the economy become dependent on asset bubbles for “growth”? One way to find an answer is to ask: cui bono, to whose benefit? Correspondent Jeff W. has the answer: the financial sector and the central government. http://www.zerohedge.com/news/2013-09-05/guest-post-maybe-why-we-now-have-serial-bubble-economy


COMMENTS:


No Comments Yet.

Make A Comment


Financial Calamity — It’s Coming, Be Worried, Be Careful

Famed investor Jim Rogers says, “This is the first time in recorded history all the banks are printing money at the same time. . . . This is the first time we’ve had massive debasement, and it’s going to end very badly no matter what they say.” http://www.lewrockwell.com/2013/08/greg-hunter/be-worried-be-careful%e2%80%a8-be-prepared/


COMMENTS:


No Comments Yet.

Make A Comment


33 Shocking Facts Which Show How Badly the Economy Has Tanked Since Obama Became President

It is getting very tiring listening to Obama supporters try to claim that Obama has improved the economy. That is a false claim that is not even remotely close to reality. The following are 33 shocking facts which show how badly the U.S. economy has tanked since Obama became president. http://theeconomiccollapseblog.com/archives/33-shocking-facts-which-show-how-the-u-s-economy-has-tanked-since-obama-became-president


COMMENTS:


No Comments Yet.

Make A Comment


18 Signs That Global Financial Markets Are Entering a Horrifying Death Spiral

Of course a lot of people believe that we will never see another major financial crisis like we experienced in 2008 ever again. A lot of people think that this type of “doom and gloom” talk is foolish. It is those kinds of people that did not see the last financial crash coming and that are choosing not to prepare for the next one even though the warning signs are exceedingly clear. Let us hope for the best, but let us also prepare for the worst, and right now things do not look good at all. The following are 18 signs that global financial markets are entering a horrifying death spiral. http://www.silverdoctors.com/18-signs-that-global-financial-markets-are-entering-a-horrifying-death-spiral/


COMMENTS:


No Comments Yet.

Make A Comment


This is the Biggest Cluster of Hindenburg Omens Since the Last Stock Market Crash

Are we heading for a major stock market decline? Warnings about a crash of the financial markets are quite common these days, and usually they don’t materialize. But this time may be different. A number of top analysts are pointing out the fact that the biggest cluster of “Hindenburg Omens” has appeared since the last stock market crash. And those that have studied this insist that the more “Hindenburg Omens” there are in a cluster, the stronger the signal is. http://theeconomiccollapseblog.com/archives/this-is-the-biggest-cluster-of-hindenburg-omens-since-the-last-stock-market-crash


COMMENTS:


No Comments Yet.

Make A Comment


Why Another Great Real Estate Crash is Coming

There are very few segments of the U.S. economy that are more heavily affected by interest rates than the real estate market is. When mortgage rates reached all-time low levels late last year, it fueled a little “mini-bubble” in housing which was greatly celebrated by the mainstream media. Unfortunately, the tide is now turning. Interest rates are starting to move up steadily, even though the Federal Reserve has been trying very hard to keep that from happening. http://theeconomiccollapseblog.com/archives/why-another-great-real-estate-crash-is-coming


COMMENTS:


No Comments Yet.

Make A Comment


Boomerang Babies: Record Numbers of Young Adults Live with Parents at Terrible Cost

Facing big debts and few decent jobs, today’s young people can’t get started in life. http://www.alternet.org/economy/boomerang-babies-record-numbers-young-adults-live-parents-terrible-cost?paging=off


COMMENTS:


No Comments Yet.

Make A Comment


The ‘New Economy’ is the No Jobs Economy

Nothing that Washington or the media–a.k.a. the Ministry of Propaganda–tells you is true. Even official statistics are a lie, as you can see from my report below on the latest employment numbers. http://www.paulcraigroberts.org/2013/08/05/the-new-economy-is-the-no-jobs-economy-paul-craig-roberts/


COMMENTS:


No Comments Yet.

Make A Comment


Detroit’s Collapse Reveals the Awful Dystopia That the United States is Becoming

An abandoned car factory in Detroit

The Motor City’s problems — deindustrialization, robotification, long-term unemployment, racial division — are America’s problems. http://www.alternet.org/economy/detroits-collapse-reveals-awful-dystopia-united-states-becoming?paging=off


COMMENTS:


No Comments Yet.

Make A Comment


8 Stark Realities of America’s Dysfunctional New Economy

There’s a new normal in the American economy for vast slices of society and it’s discouragingly tough, despite all the cheerleading from the White House and economists that the country is in a slow but steady recovery. If anything, the new American economy has undergone a structural shift where far too many jobs are not paying enough to cover basic living expenses and money worries are simmering and never-ending. http://www.alternet.org/economy/8-stark-realities-americas-dysfunctional-new-economy?paging=off


COMMENTS:


No Comments Yet.

Make A Comment


The ‘McDonald’s Budget’: Laughably Unrealistic But Also Deeply Tragic

This budget is laughably unrealistic, but it is also deeply tragic, because there are tens of millions of American workers that are actually trying to raise families on this kind of an income. The first thing that you will notice about the McDonald’s Budget is that it expects workers to have two jobs. It is an open admission that working at McDonald’s is not enough to survive. So this budget assumes that the worker will take on a second job which will pay nearly as much as the first one does. Assuming that both jobs pay about the minimum wage, the budget will require about 70 to 80 hours of work every week. http://theeconomiccollapseblog.com/archives/the-mcdonalds-budget-laughably-unrealistic-but-also-deeply-tragic


COMMENTS:


No Comments Yet.

Make A Comment


Goodbye Full-Time Jobs, Hello Part-Time Jobs, R.I.P. Middle Class

A fundamental shift is taking place in the U.S. economy. In fact, this transition is rapidly picking up momentum and is in danger of becoming an avalanche. The percentage of full-time jobs in the economy is steadily declining and the percentage of part-time jobs is steadily increasing. http://theeconomiccollapseblog.com/archives/goodbye-full-time-jobs-hello-part-time-jobs-r-i-p-middle-class


COMMENTS:


No Comments Yet.

Make A Comment


The Mean Team Piles on Jobless Americans

I’ve been unemployed before, and I can tell you it’s a misery — all the more so today, when there are far more people out of work than there are job openings. This leaves millions of our fellow Americans mired in the debilitating misery of long-term unemployment. But that’s not miserable enough for a feral breed of Ayn Randian political zealots who are lobbying Republican governors, legislators and congress-critters to punish the jobless for … well, for their joblessness. In this perverse universe, the conventional wisdom asserts that unemployment benefits and other poverty-prevention programs are sapping our nation’s vitality by allowing “moochers” to live the Life of Reilly and avoid work. The GOP’s budget demigod in the U.S. House, Rep. Paul Ryan, expressed this dogma in a fanciful homily deriding America’s safety net as “a hammock that lulls able-bodied people to lives of dependency and complacency.” This from a guy whose family’s wealth was gained from government contacts and who has spent practically all of his adult life in the sweet-swaying hammock of congressional privilege, presently drawing $174,000 a year from Old Uncle Sugar. As ridiculous and just plain mean as this attitude is, it plays well in the insanity that now defines “the debate” in Republican primary elections. So, state-after-state (as well as Congress) are succumbing to this pound-the-poor, right-wing screed by frenetically slashing unemployment benefits. http://www.informationclearinghouse.info/article35517.htm#.UeAB-9ymCtU.email


COMMENTS:


No Comments Yet.

Make A Comment


Why the Part-time Economy is Bad For Everyone

Why is a whole job getting harder to find every day in America? Ever since the financial crash, a growing number of people have been forced to take part-time gigs when what they really want is something increasingly out of reach: solid, full-time employment. http://www.alternet.org/labor/part-time-jobs-and-economy


COMMENTS:


No Comments Yet.

Make A Comment


Another Phony Jobs Report From a Government That Lies About Everything

For a decade this has been the jobs profile of “the world’s most powerful economy.” It is the profile of third world India 40 years ago. The jobs that made the US the dominant economy have been moved off shore by corporations threatened by Wall Street with takeovers if they did not increase their profits. The easiest way for corporations to increase profits is to take advantage of cheap labor in countries with massive quantities of unemployed labor. So, if we believe the BLS report, and the reported new jobs are not simply a product of faulty season adjustments and a faulty birth-death model, why is the financial press happy that the US economy can only create third world jobs? Why was the stock market up on the news that the US economy has created 179,000 third world jobs? Would rational markets be up on such discouraging news? But are the jobs really there? http://www.paulcraigroberts.org/2013/06/07/another-phony-jobs-report-from-a-government-that-lies-about-everything-paul-craig-roberts/


COMMENTS:


No Comments Yet.

Make A Comment


12 Clear Signals That the U.S. Economy is About to Really Slow Down

A lot of things that have not happened since the last recession are starting to happen again. As you read the list below, you will notice that the year “2009″ comes up again and again. There is a reason for that. Many of the same patterns that we witnessed during the last major economic downturn are starting to repeat themselves. In fact, many of the things that are happening right now have not happened in quite a few years. http://theeconomiccollapseblog.com/archives/12-clear-signals-that-the-u-s-economy-is-about-to-really-slow-down


COMMENTS:


No Comments Yet.

Make A Comment


The Middle Class Faces Extinction — So Does the American Dream

One of the most significant effects of America’s hourglass society has been the capping of opportunities and the emergence of downward mobility amongst the middle classes, a process that began well before the recession. Around 100 million Americans — a third of the population — live below or fractionally above the poverty level. A quarter of the American workforce end up in low-paid jobs, the highest rate across rich nations, while the wealthiest 400 Americans have the same combined wealth as the poorest half — over 150 million people. With a growing percentage of the current generation facing a lower living standard than their parents, more and more U.S. citizens express a “fear of falling,” worried about a further loss of livelihood and their relative income status. The nation is at last waking up to what has been reality for years — the vaunted American Dream (the ability of citizens to go from rags to riches, and one of the country’s most enduring values) is increasingly a myth. http://www.alternet.org/economy/income-inequality-defers-american-dream


COMMENTS:


No Comments Yet.

Make A Comment


Student Loan Delinquency Rate Hits New High

37 million Americans currently have outstanding student loans, and the delinquency rate on those student loans has now reached a level never seen before. http://theeconomiccollapseblog.com/archives/the-student-loan-delinquency-rate-in-the-united-states-has-hit-a-brand-new-record-high


COMMENTS:


No Comments Yet.

Make A Comment


What if Stocks, Bonds and Housing All Go Down Together?

The Grand Narrative of the U.S. economy is a global empire that has substituted financialization for sustainable economic expansion. In shorthand, those people with access to near-zero-cost central bank-issued credit can take advantage of the many asset bubbles financialization inflates. Those people who do not have capital or access to credit become poorer. That is the harsh reality of neofeudal, neocolonial financialization. Neofeudalism and the Neocolonial-Financialization Model. Injecting liquidity by creating credit and central bank cash out of thin air is not a helicopter drop of money into the economy–it is a flood of money delivered to the banks and financial elites. The elites at the top of the neofeudal financialization machine already have immense wealth, and so they have no purpose for all the credit gifted to them by the central banks except to speculate with it, chasing yields, carry trades and nascent bubbles (get in early and dump near the top). Life is good for the kleptocratic financial Aristocracy: for debt-serfs, not so good. http://www.oftwominds.com/blogmay13/stocks-bonds-RE5-13.html


COMMENTS:


No Comments Yet.

Make A Comment


Golden Paradigm Shift

The list of acts steeped in treachery is long. The reactions are impressive. When viewed as the mosaic for actions coming to pass, the global response is indeed formidable. The micro events are important in their own right, as each hilltop must be retaken and restored. The macro events are what will en masse change the world, as a Paradigm Shift is underway. The United States and its fascist allies are not in control. They will not find a path to retain or regain control. They have no solutions. The most powerful element of the shift has been the movement of gold wealth from Western locations (New York, London, Switzerland) to Eastern locations (China, Russia, Singapore, Taiwan, Hong Kong). Most residents of the United States, the United Kingdom, and Western Europe are in shock, constantly distracted by the sweeping disruptive events led by a) unstoppable government deficits, b) the powerful crumble of sovereign bonds, c) the ruinous insolvency of the banking systems, d) the relentless reign of tax terror, and e) the tragic decline of the underlying economies. The West is sinking in a sea of fecal soup, stirred with the toxic paper spew, infected by the rot of acidic corrosion, weighed down by absent legitimate solutions, exploited by criminal activity in high offices. The treachery has brought on powerful consequences. The Western lords are being deposed. They can appeal for squire posts to the East, or else they can wreck the globe. The biggest question is whether new trade devices will win out over the chosen Western fascist predilection toward wider war, release of more virulent viruses, more obvious slavery pens, and louder propaganda. http://silverdoctors.com/jim-willie-bank-runs-bullion-bank-runs-to-climax-soon-in-the-us/


COMMENTS:


No Comments Yet.

Make A Comment


10 Amazing Charts That Demonstrate the Slow, Agonizing Death of the American Worker

The middle class American worker is in danger of becoming an endangered species. The politicians are not telling you the truth, and the mainstream media is certainly not telling you the truth, but the reality is that there is nothing but bad news on the horizon for workers in the United States. http://theeconomiccollapseblog.com/archives/10-amazing-charts-that-demonstrate-the-slow-agonizing-death-of-the-american-worker


COMMENTS:


No Comments Yet.

Make A Comment


Bank Runs and Bullion Bank Runs to Climax Soon in the U.S.

The Western nations really truly sincerely need a wake-up call on reality, and it is coming as a paradigm shift with shock waves. When the coming dust clears, the evidence is plain that the change to be seen will be dead banks in dissolution with private bank accounts vacated. In other words, razed leveled banks with no functioning operating offices, and bank accounts showing zero balances. The consequence is ugly and powerful, lost client trust in the banking institutions. http://silverdoctors.com/jim-willie-bank-runs-bullion-bank-runs-to-climax-soon-in-the-us/


COMMENTS:


No Comments Yet.

Make A Comment


The Other Planet

As we’re plodding through earnings season, we’re seeing a repeat of a show we’ve seen too many times. More companies are beating on the “earnings” report, but missing on the sales or “revenue” part of the equation. Well folks, as wildly interesting as “new accounting” has become, there comes a time when you just can’t cut, make up things, fire folks, dispense with costs, declare revolving costs as one time charges, etc. In simpler terms, there’s a time when all the magic accounting in the world doesn’t change the fact that you didn’t sell anything. http://www.theinternationalforecaster.com/International_Forecaster_Weekly/The_Other_Planet


COMMENTS:


No Comments Yet.

Make A Comment


The Housing Shell Game: Prices Up, Ownership Down

Why are housing prices rising when the homeownership rate has dropped to its lowest level in 18 years? Actually, it’s not as confusing as it sounds. The Fed’s low interest rates have triggered a flurry of homebuying by Private Equity firms and other speculators which has reduced already-tight supply and pushed up prices. Of course, there is a downside to all this speculation, which is that real, “organic” demand from ordinary working people looking for a place to live, has dropped off sharply. That’s why the homeownership rate is in the dumps. It’s also why existing homes sales declined 0.6 percent in March and “the volume of purchase applications is at levels last seen in 1998″, because as prices edge higher, more people are opting to rent rather than own. Who can blame them? http://www.counterpunch.org/2013/05/03/the-housing-shell-game-prices-up-ownership-down/


COMMENTS:


No Comments Yet.

Make A Comment


Recovery for the 7 Percent

by Paul Craig Roberts. Since the recession was officially declared to be over in June 2009, I have assured readers that there has been no recovery. Gerald Celente, John Williams (shadowstats.com), and no doubt others have also made it clear that the alleged recovery is an artifact of an understated inflation rate that produces an image of real economic growth. http://www.paulcraigroberts.org/2013/04/28/recovery-for-the-7-percent-paul-craig-roberts/


COMMENTS:


No Comments Yet.

Make A Comment


24 Signs That U.S. Cities Are Turning Into Poverty-Stricken Hellholes

Our once proud cities are being transformed into poverty-stricken hellholes. Did you know that the city of Detroit once actually had the highest per-capita income in the United States? Looking at Detroit today, it is hard to imagine that it was once one of the most prosperous cities in the world. In fact, as you will read about later in this article, tourists now travel to Detroit from all over the globe just to see the ruins of Detroit. Sadly, the exact same thing that is happening to Detroit is happening to cities all over America. Detroit is just ahead of the curve. We are in the midst of a long-term economic collapse that is eating away at us like cancer, and things are going to get a lot worse than this. So if you still live in a prosperous area of the country, don’t laugh at what is happening to others. What is happening to them will be coming to your area soon enough. http://theeconomiccollapseblog.com/archives/america-the-fallen-24-signs-that-our-once-proud-cities-are-turning-into-poverty-stricken-hellholes


COMMENTS:


No Comments Yet.

Make A Comment


Fed Desperate To Stop Collapse

Let us be sure we understand how risks for the once masterful US economy became so great. The main cause of America’s demise is the offshoring of manufacturing and professional service jobs. This deprived the US economy of consumer income and state, local, and federal governments of tax base. When the offshored production comes to the US to be marketed, it drives up the trade deficit. The result is larger surpluses in the hands of foreigners, who use the dollars to purchase income-earning US assets. Consequently, this income also flows out of American hands into foreign hands. Drained of consumer purchasing power, the US economy faltered. The Federal Reserve decided to substitute an increase in consumer debt as a substitute for the missing growth in consumer income in order to keep a consumption-driven economy alive. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/24_Former_US_Treasury_Official_-_Fed_Desperate_To_Stop_Collapse.html


COMMENTS:


No Comments Yet.

Make A Comment


Abnormalcy Bias

The 100 year downward spiral began gradually but has picked up steam in the last sixteen years, as the exponential growth model, built upon ever increasing levels of debt and an ever increasing supply of cheap oil, has proven to be unsustainable and unstable. Those in power are frantically using every tool at their disposal to convince Boobus Americanus they have everything under control and the system is operating normally. The psychotic central bankers, “bought and sold” political class, mega-corporation soulless chief executives and corporate controlled media use propaganda techniques, paid “experts”, talking head “personalities”, captured think tanks, and the willful ignorance of the majority to spin an increasingly dire economic descent as if we are recovering and getting back to normal. Nothing could be further from the truth. http://www.theburningplatform.com/?p=52862


COMMENTS:


No Comments Yet.

Make A Comment


If This Continues the Currencies Will Literally Collapse

I don’t recall any point in history where debt monetization has ever ended well for the currency of that particular nation. In fact, it has always led to the collapse of currencies. But what we are seeing right now is the price of commodities continues to fall in spite of massive money printing, and it has central planners concerned because their tools are becoming less and less effective. In a debt based economy, if you don’t have a constant increase in borrowing, and if you don’t have a constant increase in the amount of debt that consumers are willing to take on, then the economy contracts. That’s what we are dealing with here. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/17_If_This_Continues_The_Currencies_Will_Literally_Collapse.html


COMMENTS:


No Comments Yet.

Make A Comment


25 Things That You Should Do to Get Prepared For the Coming Economic Collapse

It has been estimated that there are now three million preppers in the United States. But the truth that nobody really knows the actual number, because a lot of preppers keep their “prepping” to themselves. So what are all of those people preparing for exactly? Well, survey after survey has shown that “economic collapse” is the number one potential disaster that preppers are most concerned about. Of course that shouldn’t be surprising because we truly are facing economic problems that are absolutely unprecedented. We are living in the greatest debt bubble in the history of the world, the global banking system has been transformed into a high-risk pyramid scheme of debt, risk and leverage that could collapse at any time, and wealthy countries such as the United States have been living way above their means for decades. Meanwhile, the United States is being deindustrialized at a blinding pace and poverty in this country is absolutely exploding. Anyone that is not concerned about the economy should have their head examined. http://theeconomiccollapseblog.com/archives/25-things-that-you-should-do-to-get-prepared-for-the-coming-economic-collapse


COMMENTS:


No Comments Yet.

Make A Comment


Government Builds It With Your Money and They Don’t Come

Mantua Square continues the legacy of the welfare state begun in the 1960s by LBJ and his Great Society programs. There were thousands of low income high rises built in the 1960s and 1970s to provide subsidized housing for poor people. Mantua Hall was an 18 story taxpayer gift to Philadelphia’s poor. As with most of these tenements, it quickly became a rat infested, crime ridden, drug paradise where even the Philly police would not approach. It became a dangerous crumbling disgrace. It proved that giving ignorant, lazy scumbags free housing with no strings attached and no requirements to work or keep their homes in any semblance of order leads to really bad consequences. So what did the liberal Democrats that run Philly do? They imploded the 18 story drug house in 2008 and started over. http://www.theburningplatform.com/?p=51422


COMMENTS:


Conrad

When I was young I lived in Indianapolis in what was in those days called the slums; the black part of town of course. In my last year of high school my family moved to a rather new low-income housing project. It was a very nice clean safe place. We had block parties, came & went as we pleased at any time of the day or night. The point here being, this “project” was 99% white. The problem was not, at least not at the time, government spending or doling out free stuff that was not worked for, but, as usual, the race of the inhabitants. ......... Jack's War https://www.createspace.com/3820778/

Make A Comment


The World is Now on Fire and There Will Be Hell to Pay

The world is literally ablaze with the creation of money, and there will be hell to pay for what is taking place right now. The monetary policy of Japan has now spread out from Japan to Europe and will eventually infect the entire globe. Markets now give the appearance of having no rules. This is a world that, for the time being, seems to have repealed the normal law of consequences, but I can assure you this will end in tears. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/9_Sinclair_-_The_World_Is_Now_On_Fire_%26_There_Will_Be_Hell_To_Pay.html


COMMENTS:


No Comments Yet.

Make A Comment